What is Coinbase?

Coinbase is widely regarded as the leading Bitcoin broker globally, with a customer base spanning more than 30 countries. Among these countries, the US, UK, and Brazil stand out for having the largest number of customers. With over 4 million users worldwide, Coinbase has established itself as a trusted and highly respected platform for trading cryptocurrencies.

Originally launched in 2012 as part of Y Combinator, Coinbase has since evolved into a well-established and reputable trading platform that offers a wide range of digital assets. Its success is a testament to the quality of its services and its commitment to providing a seamless and secure user experience.

US consumers have multiple options to buy and sell Bitcoin, such as connected bank accounts, SEPA transfers, PayPal accounts, and Interac Online. At first, this cryptocurrency exchange operated as a broker, selling Bitcoins directly to clients. Coinbase, which eventually rebranded as Coinbase Pro, introduced GDAX in May 2016 as a worldwide platform to trade digital assets.

Is Coinbase Vault Safe?

Yes, people often ask about this option since it’s so widely used for buying Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. Coinbase is an extremely secure platform. The company has made significant investments in securing its vaults, all to minimize the chances of any losses. Additionally, the fact that the company has established ties with major banks means that its investments are further secured.

The San Francisco cryptocurrency exchange has secured over $75 million since its start, making it one of the most secure virtual currency brokers worldwide.

Compared to other cryptocurrency exchanges, Coinbase is relatively safe and so is Coinbase Vault. This secure crypto exchange complies with all the standard security protocols that we expect.

The majority of its cryptocurrency is stored in secure cold wallets, and it offers the option to enable 2-Factor Authentication. Additionally, withdrawals to new addresses are paused for 48 hours and notifications are sent if a withdrawal to a new address occurs.

Coinbase Vault Vs Cold Storage

Aligning your financial resources with their designated objectives is essential. We keep cash on hand and in both checking and savings accounts for situations like this. Coinbase’s users can store their funds in their regular primary balance or in a vault that is part of their Coinbase account.

You can deposit cryptocurrency in a vault like any other account balance, but it also allows you to add extra security measures to prevent immediate withdrawals.

Some special features are that firstly, trusted individuals can be invited by users to co-sign withdrawals, requiring their approval of a transaction before completion. And secondly, their creation, vaults also undergo a secure withdrawal approval process. Any withdrawals made from the vault without prior approval will be cancelled within 24 hours.

Cold Wallet

To store bitcoins or other cryptocurrencies offline, a cold wallet is commonly used. A cold wallet, also referred to as cold storage, stores a digital wallet on an offline platform to protect it from unauthorized access, cyber-attacks, and other vulnerabilities that come with online systems.

Cold wallet is required because if a traditional bank’s checking, savings, or credit card account is compromised, the bank can refund the lost or stolen money to the account holder. If your cryptocurrency account or wallet experiences a security breach and your tokens are stolen, you cannot recover them.

The lack of central bank or government backing is the primary cause for most digital currencies to be decentralized. Crypto investors need to be aware of the security measures required to safeguard their tokens. Consequently, a safe and secure storage solution is essential for storing both bitcoins and altcoins. We now know whether Coinbase vault safe or not.

How are Crypto Vaults different from Others?

Crypto vaults have distinct characteristics such as a withdrawal delay and approval process, as well as other subtle variations in comparison to conventional cryptocurrency storage methods.

Let’s look at the differences between vaults and other wallets:

1. Vault vs Cold Wallet

Similar to cold wallets, vaults function offline and are impervious to hacking attacks, thereby offering unparalleled security. Unlike hard wallets, there’s no private key required to access vaults. Therefore, if you lose your private key or the drive itself, you won’t lose access to your funds entirely.

2. Vault vs Hot Wallet

Our crypto vault stores your assets offline, securely protecting them from cyber threats. Hot wallets are susceptible to hacking, making it necessary to undertake a considerable security upgrade to protect your private keys. Online trading balances are usually kept by investors while the remaining balance is transferred to a cold wallet or vault for secure storage.

3. Vault vs Bitcoin Vault

Bitcoin Vault is a more advanced cryptocurrency with a 3-key security system that permits withdrawals to be undone in 24 hours. Conversely, a crypto vault can work with any currency. Certain vaults are tailored for a particular currency, whereas others, such as Coinbase, cater to all varieties of cryptocurrencies.

Cross-reference: Best Bitcoin Wallets

What are some Security Techniques for Coinbase?

After comparing Coinbase vault vs cold storage and answering is Coinbase vault safe for users, here are some security practices that can minimize the risk.

1. Cold Wallets

More than 98% of Coinbase’s cryptocurrency is stored in cold wallets that remain disconnected from the internet. If the exchange were to be hacked, the maximum amount of crypto that could be lost is 2 per cent or less. This helps safeguard the exchange from bankruptcy in case of an attack, increasing the possibility of reimbursing you when necessary.

2. Two-Factor Authentication

Two-Factor Authentication (2FA) provides an extra layer of security in addition to email verification and your account password. Once you enable 2FA, you’ll need to enter the corresponding code every time you execute certain actions on the crypto platform.

3. Email

If you try to withdraw to a different address, Coinbase will pause the process for 48 hours and inform you of the request. By setting this up, you can be ready to respond if someone gains access to your account without your permission.

4. Security

At Coinbase, users are protected by standard online security protocols to mitigate risks. To safeguard against cross-site request forgery (CSRF) security risks, SSL (HTTPS) is employed for every page and SQL injection filters are utilized. As an additional security measure, all passwords are hashed using bcrypt.

Cross-reference: Why You Need a Physical Vault to Secure a Virtual Currency

Coinbase Vault Fees

Coinbase Vault is a secure way to store digital assets offline, away from potential hacks and theft. While there are no fees to deposit or withdraw assets to/from a Coinbase Vault, there are additional fees for using this service. Coinbase charges a 0.05% fee per month on the value of assets stored in a Vault, which is deducted from the assets held in the Vault. Now you know about Coin base Vault fees.

However, this fee is prorated and charged daily, so customers only pay for the days their assets are stored in the Vault. Additionally, there may be fees associated with transferring assets into and out of the Vault, depending on the asset and the network it operates on. We have already answered is Coinbase vault safe or not, so now let us shift focus to Coinbase Vault withdrawal process.

Coinbase Vault Withdrawal

To withdraw funds from Coinbase Commerce, simply login to your Coinbase vault and select the desired cryptocurrency from the Balances section. It’s a safe option, according to what we’ve read. Then, select the withdrawal option. A pop-up window will appear, asking you how much money you want to withdraw and where you want the funds to be transferred.

As of now, Coinbase Commerce only accepts cryptocurrency. Coinbase vault fees are simply free, and it does not provide an option to link your bank account with your Commerce account directly.

You have the ability to withdraw your cryptocurrency directly to your linked Coinbase account. After that, you have the option to turn your crypto into cash and take out the money via a bank account that is connected to the platform.

However, there is a network withdrawal fee applicable. To convert and withdraw your cryptocurrency to cash, there is a 1% fee in addition to the standard network fees. If you want your transaction to be processed by the decentralized cryptocurrency network, you must pay a network fee.

The sender bears the responsibility of covering the network fees linked to the transaction. Every blockchain has its own digital currency used as payment for network fees.

When we talk about Bitcoin (BTC) and Ethereum (ETH), we are referring to the cryptocurrency itself as well as the underlying network that supports it. Coinbase doesn’t receive these fees; they go to cryptocurrency miners as a reward for safeguarding the network and adding your transaction to the blockchain.

For any Coinbase vault withdrawal, there is a minimum amount which can be withdrawn that falls under $0.10 cents.

How does Coinbase Vault operate?

Keep a reasonable number of tokens in a hot wallet or exchange if you intend to trade or transact with them frequently. This would keep the Coinbase vault safe in cold storage for long-term storage.

Compared to a safe deposit box that requires a key and is difficult to access, bank accounts offer easier money access and transfer.

Your assets in Coinbase vault are extremely secure as 98% of them are stored offline in safe deposit boxes and vaults located around the world. We know that Coin base vault fees are not applicable. Moreover, Coinbase Vault emphasizes the need for waiting periods before withdrawals and allows users to improve withdrawal approval security.

Coinbase Vault can be shared with multiple individuals. If your co-own cryptocurrency, you can create procedures to prevent one person from taking tokens without the consent of other authorized individuals.

How to withdraw Assets from My Wallet in Coinbase?

Coinbase vault withdrawal is done by simple steps. Access your portfolio on Coinbase.com and click on the Vault option after that click Withdraw. Indicate the amount of cryptocurrency you desire to withdraw from your vault.

You will be receiving an email with approval details that you must authorize. If there are multiple owners of the vault, approval notifications will be dispatched to their respective email accounts. Approval of the request is necessary from either you, your co-owners or both.

After being granted approval, a 48-hour waiting period is necessary. After the waiting period, the crypto you stored in the vault will be released and deposited into your Coinbase account.

Advantages and Disadvantages of Using Coinbase Vault

Coinbase Vault is a great solution if you hold a lot of cryptocurrencies but don’t want the responsibility of managing your own cold storage or paper wallet. A vault is an excellent tool for securely storing digital assets with a high value for the long term.

Pros

• To ensure the security of your digital assets, it’s best to store them offline instead of in an exchange account or hot wallet.
• Approval from fellow co-owners is necessary to withdraw assets in order to deter any one person from taking control of all assets.
• Helps to store the assets for the long term.
• Make your digital asset storage hassle-free by eliminating the need to manage your own cold storage or paper wallet.

Cons

• It can be challenging to retrieve assets that are kept in the vault.
• With digital storage, you do not have as much control as with a paper wallet or your customized cold storage.
• This is restricted to the tokens that are currently available on Coinbase.

Coinbase Vault is a secure option for those looking to store their cryptocurrency holdings. Its multi-signature feature and offline storage add an extra layer of protection to prevent unauthorized access to your funds.

Cross-reference: Crypto Exchange Coinbase Posts Loss, but Beats Expectations

However, it is important to note that no storage method is completely foolproof, and there is always a risk of hacking or other security breaches. Therefore, it is crucial to take additional precautions, such as using strong passwords and enabling two-factor authentication. As with any investment, it is essential to conduct your own research and make informed decisions to minimize potential risks.

The post Is Coinbase Vault Safe? appeared first on Moneymint.

What is GPU?

The cryptocurrency mining was originally carried out using CPUs (Central Processing Unit), not GPU. However, GPU replaced it some years later because it had limited processing speed, rendered the mining process inefficiently, and consumed high power, leading to limited output.

GPU (Graphics Processing Unit) is solely responsible for the digital rendering in the computer system. Therefore, GPU is of utmost importance in blockchain mining as it enhances speed and accuracy because it has immense power potential. Thus, miners especially use GPU to mine the currency before forming a decentralized network of processing power.

When it comes to mining cryptocurrency, one should have a robust GPU.

How to Mine Cryptocurrency with GPU?

To embark on your magical journey with cryptocurrencies, you need to go through and require the set of things mentioned below:

• Free mining software package.
• Free private database, where your coin wallet will hold all your earnings and allow you to view all your transactions.
• Membership in an online pool. Basically, you need to join the community of well-versed miners in combining their computers to ensure income and profit consistency.
• Membership at an online currency exchange.
• Custom-built computer to mine seamlessly.
• A specialized processing device or ATI Graphic Processing Unit (GPU)
• Extensive research and development.

17 Best Cryptocurrency to Mine Now

Bitcoin is the world’s strongest and oldest Cryptocurrency. However, it is not the best Cryptocurrency to mine. You might be thinking, which one is the best coin to mine? Our team has done comprehensive research to find out the most profitable coins to mine. We have listed below the 17 best coins to mine now.

1. RavenCoin (RVN)

RavenCoin is one of the most profitable coins to mine, which primarily focuses on transforming mining decentralized. It was named after the small blackbirds in George R.R Martin’s fictional world of Westeros.

This Cryptocurrency was launched on 3^rd January 2018 (at the ninth anniversary of Bitcoin). The coin was designed to enable instant payments seamlessly. In 2019, the developers featured this coin with magnificent features such as enabled messaging, mobile wallet with seed phrase, better compatibility, voting with RVN, etc.

The primary objective of RavenCoin is to create a blockchain optimized for the transfer of assets from one person to another.

• Algorithm: Proof-of-Work
• Current Price: $0.021
• Market Dominance: 0.02%
  
• Network Hashrate: 7.61 TH/s
• Block Mining Reward: 2,500 RVN

2. Monero (XMR)

Monero is a cryptocurrency that uses the RandomX hash function. It is based on the CryptoNote protocol holding the utmost significance of equity in mining crypto. It is ranked 14^th in the cryptocurrency market list, which is also ASIC-resistant, similar to Verticoin.

The best part is that it is easy to set up a mining rig for this crypto. You just need to acquire the mining hardware along with the wallet, and you are all set to configure it.

In addition, the block time of this crypto is 2 minutes, whereas the maximum supply is not mentioned.

• Algorithm: RandomX
• Current Price: $151.61
• Market Dominance: 0.24%
  
• Network Hashrate: 2.623 GH/s
• Block Mining Reward: 0.6056 XMR

3. LiteCoin (LTC)

Litecoin is an open-source software project released under MIT/X11 license. It is a peer-to-peer cryptocurrency established in October 2011. Technically, it is identical to Bitcoin.

Mining Litecoin will never be a wrong decision as it is a robust cryptocurrency used by a comprehensive range of users. Furthermore, it uses SCRYPT protocol which means you need not buy ASIC chips; and can easily be mined with the GPU.

Besides, it is less volatile than other altcoins, making it easily exchangeable on a wide array of platforms. Furthermore, it is a high-speed coin with lower transaction fees.

• Algorithm: N/A
• Current Price: $92.99
• Market Dominance: N/A
  
• Network Hashrate: N/A
• Block Mining Reward: 12.50 LTC

4. Ethereum Classic (ETC)

Ethereum Classic is a cryptocurrency aiming to maintain the original Ethereum blockchain. This spectacular crypto platform was launched in July 2016.

It stands at 16^th in the list of top cryptocurrencies in the world. Ethereum Classic is a modified version of Ethereum’s Ethash mining algorithm called EtcHash, supporting the DApps and Smart Contracts.

It is pretty simple to start mining this Cryptocurrency just by acquiring the wallet and a graphic card supporting this Cryptocurrency. In addition, the block time for this crypto is less than another crypto which is around 13 seconds.

• Algorithm: Etchash
• Current Price: $18.61
• Market Dominance: N/A
  
• Network Hashrate: 129.179 TH/s
• Block Mining Reward: 2.5600 ETC

5. Zcash (ZEC)

This Cryptocurrency was designed with ASIC resistance, making the task challenging for the miners to mine the coins. Zcash was established in the year 2016.

The reviews of Zcash tell us about its long-term sustainability as the value of this crypto is less fragile than other cryptocurrencies. Another good feature of Zcash is that it is equipped with more privacy features than other coins.

Traders usually prefer it as it is straightforward and hassle-free altcoin for trading and selling. Furthermore, the commissions here are very reasonable.

Zcash is categorized under easy coins to mine as its algorithm allows it to be mined using GPU.

• Algorithm: Equihash
• Current Price: $33.26
• Market Dominance: N/A
  
• Network Hashrate: 8.7082 GH/s
• Block Mining Reward: 2.5000 ZEC

Cross-reference: 5 best bitcoin mining methods to earn passive income

6. Grin (GRIN)

Unlike Bitcoin, grin does not have a limited supply which makes it attractive for miners. Grin was recently launched in 2019, allowing crypto users to mine without large investments. Besides, this Cryptocurrency has chosen to execute the Cuckoo cycle mining to be ASIC-resistant.

The process followed in Grid does not allow any residual transaction information on the network enforcing its privacy in the long run.

Grin is a lightweight application of the protocol that aims to be more scalable and less storage intensive than other privacy coins.

• Algorithm: N/A
• Current Price: $0.0441
• Market Dominance: N/A
  
• Network Hashrate: N/A
• Block Mining Reward: 60 GRIN

7. Metaverse (ETP)

Metaverse is a China-based coin that powers the blockchain-as-a-service (BAAS) platform.

It is an open-source, public blockchain company providing digital identities, assets, properties, and oracles as an infrastructure for organizational and social needs.

This is the right time to succeed by mining this Cryptocurrency. If you convert your ETP gains into other cryptocurrencies swiftly, it becomes highly possible for you to yield higher profits.

• Algorithm: Ethash
• Current Price: $0.0219
• Market Dominance: N/A
  
• Network Hashrate: 37.82 GH/s
• Block Mining Reward: N/A

8. Bitcoin Gold (BTG)

GPU mining is incomplete without mentioning Bitcoin Gold. It is one of the best cryptocurrencies to mine using GPU launched to get rid of ASICs. Apart from kicking out ASIC miners, it also involves a minimal investment, unlike other altcoins.

The primary aim of this crypto was to lower the risk for the miner. The approach of Bitcoin Gold developers was to minimize the risk so as the investors need not throw away BTG Antminer even if the Cryptocurrency’s Price comes down drastically. The best part is you can direct your hash power to any coin you desire.

The objective of Bitcoin Gold to transform that thermodynamic energy into digital assets will be fulfilled. Thus, if you are thinking of starting mining a cryptocurrency, go for it!

• Algorithm: Zhash
• Current Price: $12.59
• Market Dominance: N/A
  
• Network Hashrate: N/A
• Block Mining Reward: 12.50 BTG

9. Dogecoin (DOGE)

Dogecoin is a cryptocurrency made for fun with the symbol of the dog by Billy Markus. This Cryptocurrency is well ahead in the altcoin rally, which has broken many records and does not show any signs of slowing down.

Primarily, it is a fully functional cryptocurrency that can store value and be used for transactions. In May 2021, its Price surged to $0.558, which was just 0.00026 in December 2020. The coin has no supply cap, which means it is not considered a hedge against inflation.

It uses Scrypt protocol similar to Litecoin as it does not let you buy expensive machines to add doge to your portfolio. However, this does not mean you should use your pc or laptop to mine this coin. To make its mining seamless, you can use a GPU/CPU to ensure its efficient performance.

Some of the best software to mine dogecoin using GPU include CudaMiner, Cgminer, and GUIminer. Whereas, if you are using CPU to mine this coin, use the CPUminer.

• Algorithm: Scrypt
• Current Price: $0.074
• Market Dominance: N/A
  
• Network Hashrate: 712.397 T hash/s
• Block Mining Reward: 10,000 DOGE

10. Dash (DASH)

Dash is a combination of word digital and cash. The coin was released in January 2014 as Xcoin. After a few days, it changed its name to Darkcoin before finally being renamed ‘Dash’ in March 2015.

Dash is an open-source cryptocurrency providing users with the freedom to spend anywhere and move their money anytime they want. The main objective of this coin is to ensure seamless and secure money transfer transactions around the globe via PrivateSend and InstaSend.

This coin was forked from Litecoin, and Litceoicn was forked from the Bitcoin protocol. In addition, this crypto is also a decentralized autonomous organization run by master nodes (a subset of its users).

So far, Antminer A3produced by Bitmain is considered the best Dash ASIC miner.

It can be immensely profitable to mine this coin in 2021 as it is one of the most profitable coins to mine. However, it is imperative to ensure the hash rate of your mining device, electricity cost, and network range at your location as the mining profitability extremely depends upon these factors.

• Algorithm: X11
• Current Price: $43.49
• Market Dominance: N/A
  
• Network Hashrate: N/A
• Block Mining Reward: 1.55 DASH

Cross-reference: Inside Kazakhstan’s giant crypto-mine

11. Vertcoin (VTC)

If you are looking for the best coin to mine, you can opt for Vertcoin. This Cryptocurrency uses a Lyra2RE proof-of-work algorithm to verify transactions. The coin is ASIC resistant and is categorized under the coins that can be mined using GPU.

Being ASIC resistant indicates that the founders of Vertcoin decided not to put restrictions on mine this coin. This increased the possibility of fair distribution of this Cryptocurrency worldwide without being controlled by ASIC mining firms and pools.

Vertcoin has 2 pools based on your computing power named Network 1 and Network 2. If you have more than two graphic cards, opt for Network 1. Whereas, if you have two or less two graphic cards, select Network 2. Always remember, if you choose Network 1, this coin supports NVIDIA and AMD graphic cards.

• Algorithm: Verthash
• Current Price: $0.176
• Market Dominance: N/A
  
• Network Hashrate: 3.214 G hash/s
• Block Mining Reward: 12.50 VTC

12. DigiByte (DGB)

Still, confused about which one is the best coin to mine? Mining Digibyte coin can be immensely profitable because it offers high mining rewards. Moreover, the cryptocurrency supports multiple options, be it ASIC, GPU or CPU, through which you can mine.

DigiBytie is using five different algorithms and is hard-capped at 21 billion coins. Plus, the network of this robust crypto is built on three layers named a public ledger, a smart contract ‘App Store,’ and the core protocol featuring nodes communicating to relay transactions.

The network allows SHA-256 mining. However, it restricts ASIC miners from getting exceptionally high power. The average power consumption used by this coin is 2520 watts.

The profit may vary depending upon the crypto’s market price.

• Algorithm: SHA-256, Skein, Groestl, Scrypt and Qubit
• Current Price: $0.0079
• Market Dominance: N/A
  
• Network Hashrate: N/A
• Block Mining Reward: N/A

13. Monacoin (MONA)

Similar to Dogecoin, the Monacoin is also a meme coin having a very active community in Japan. The crypto was created back in 2013.

The miners do not require ASIC machines in order to mine this crypto. The best part is the mining of this coin involves minimal investment, unlike other heavy coins. Plus, the time taken to mine 1 block and qualify for reward is just less than 2 minutes (1.5 minutes).

One can use various software to mine Monacoin, including XMR Stak, CCMiner, Suprnova, CGMiner, and Lyra2RE (v2).

• Algorithm: Lyra2RE (v2)
• Current Price: $0.4124
• Market Dominance: N/A
  
• Network Hashrate: N/A
• Block Mining Reward: N/A

14. Aeternity (AE)

Aeternity is one of the top cryptocurrencies to mine as it allows miners to launch and run decentralized applications or smart contracts scaling through state channels.

The stupendous platform has certain use cases, including payments, loans, decentralized finance, loT, gaming, voting, shares, and identity.

The mining of this coin is usually done using CryptoDredge and Bminer, which are considered the best software. However, you can also try mining on NiceHash and HSPMinerAE.

• Algorithm: Proof of Work
• Current Price: $0.0502
• Market Dominance: N/A
  
• Network Hashrate: N/A
• Block Mining Reward: N/A

15. Cardano (ADA)

Cardano is a robust cryptocurrency expected to have a very bright future. The crypto is equipped with a flexible network and fast transactions providing a seamless user experience. Besides, its USPs include scalability, sustainability, and interoperability.

One can make ample money by investing in Cardano through trading, mining and ETFs. Primarily, it is a programmable blockchain that has the potential of surpassing Ethereum and Litecoin.

Cardano can serve as a platform for other applications and digital currencies. In addition, ADA releases products for identity management and product traceability. Plus, it uses Ouroboros that helps to create blocks and validate transactions occurring on its blockchain.

• Algorithm: Proof-of-Stake
• Current Price: $0.365
• Market Dominance: N/A
  
• Network Hashrate: N/A
• Block Mining Reward: N/A

Cross-reference: Best Bitcoin Mining Software

16. VeChain (VET)

VeChain is one of the most popular cryptos for the past few months. The crypto experts believe this is an underrated cryptocurrency that has a massive potential allowing investors to earn significant returns.

At present, it is an affordable cryptocurrency, which is used to transfer value across the network. The VeChain Thor Blockchain was specifically designed for business processes and supply chain management through the use of distributed ledger technology.

• Algorithm: Proof-of-Stake
• Current Price: $0.0194
• Market Dominance: N/A
  
• Network Hashrate: N/A
• Block Mining Reward: N/A

17. BitTorrent Token (BTT)

BitTorrent is a recognized cryptocurrency established on the Tron blockchain by the BitTorrent foundation in 2019. The platform was launched on the Binance launchpad as a TRC-10 token.

The cryptocurrency is a peer-to-peer cryptocurrency based on P2P protocol in order to transfer large files over the internet.

The lucrative cryptocurrency was developed to expand the portfolio’s competencies and is an ideal choice for value exchange, third-party app developers, and fast decentralized data storage.

• Algorithm: Proof-of-Work
• Current Price: $0.00000060
• Market Dominance: N/A
  
• Network Hashrate: N/A
• Block Mining Reward: N/A

Breakdown of Cryptocurrency Mining

Why would you think of crypto mining? Simply because with every new crypto mined, you would be rewarded with a fraction of it. As simple as that!

Crypto mining is the process of solving baffling mathematical equations to authorize crypto transactions. Some people think that crypto mining is creating a new coin altogether, but it is not right. Instead, it is the process of releasing a cryptocurrency from the total supply. It signifies you can even mine a cryptocurrency already circulating in the market.

Most of the cryptocurrencies have a limited supply of coins, due to which the value of these coins increases as the demand rises. Just like the thumb rule of the market, when demand exceeds supply, prices tend to shoot. The value also increases as the coin becomes rarer, allowing its value to increase just like gold.

Mining was popularised by Bitcoin that uses the same system to secure their blockchain. The mining industry consolidates and professionalizes, due to which it becomes quite difficult to mine coins with GPU (Graphics Processing Unit). As a result, it becomes imperative for the small miners to join bigger pools to get great rewards.

Many cryptocurrencies are mined using mining equipment: Application Specific Integrated Circuit (ASIC), designed to mine a particular crypto asset. Therefore, it might become challenging for you to compete with other proficient miners if you do not persistently upgrade the ASIC miner to the latest version, as you may not win rewards for the same coin.

Types of Crypto Mining

There are two ways to see crypto mining; based on your interests. Either you can perceive it as a process, or you may be interested in the methods used.

1. Crypto Mining as a Process

There are mainly three ways in which Crypto can be mined.

a) CPU Mining

CPU mining is processor-based mining. The best part about CPU mining is that you can exercise it by getting a CPU and getting your hands-on on the mining process. So before investing in GPU and ASIC, you can try CPU mining.

However, this mining is outdated and is not used nowadays. There are many reasons, including:

• It is extremely slow
• An average hash rate is 0.7MH/Sec
• High power consumption

CPU mining is way too inferior to ASIC and GPU mining. You may also not be able to succeed in validating transactions with it.

b) GPU Mining

It is a video card-based mining. Basically, it is the video card of your computer required for gaming.

GPU miners are flexible and have the potential to mine different cryptocurrencies. This enables you to switch between coins in case the market is bearish or bullish. In addition, it offers various advantages, especially in the fields of gaming, video editing, and streaming.

The major drawback of GPU mining is that it consumes lots of power compared to ASIC. Moreover, it involves complex computation. You might also need to be patient as t may take a while to recoup your initial investment.

c) ASIC Mining

ASIC mining works on particular algorithms. With the intent to mine Cryptocurrency, it is practiced on special equipment.

Primarily, it is a computer component built for a particular kind of application. However, it is superior to CPU and GPU in terms of performance, as it can run much faster than both, with up to 14 TH/s hash rate. As a result, it overall leads to greater profits.

2. Crypto Mining as a Method

It is an ideal choice for the miners who are not tech-savvy and just want to enjoy the show without having technical knowledge. Such miners have a different approach and conduct crypto mining with 3 different methods, including:

a) Solo Mining

As the name suggests, it is individual mining where you get to work after purchasing your own equipment. Solo miners are not dependent on other miners and get rewards each time they unlock a new coin.

Although the rewards are promising and fascinating, the competition is equally challenging for solo mining. The miners need to invest a considerable amount to purchase the equipment if they want to be the first ones to validate the transaction.

You can think of solo mining only if you have a big amount in the pocket to invest.

b) Pool Mining

Not everyone can invest ample money to mine the best coin. The developers found a solution to this problem which is pool mining.

This method facilitates the process of crypto mining and gets the rewards. To join this vast ocean of pool mining, the miner requires a server combining the computational power of all other miners who are looking forward to joining the pool. Thus, this method increases the possibility of earning handsome rewards by unlocking new coins.

c) Cloud Mining

After looking at the high-priced equipment required for mining, those who want to minimize their risks and investment options for the cloud mining option.

The major benefit of Cloud Mining is that it helps to expand crypto usability. In addition, this technology also allows crypto users to start renting computer power from industrial mining services.

Thus, it becomes easy for you to find the best Cryptocurrency to mine with minimal investment. Besides, you may also quit anytime without incurring any extra pressure of investment.

Cross-reference: How ethereum’s merge made crypto mining more sustainable

Cryptocurrency Mining Terms

Here are some important terms related to cryptocurrency mining:

• Hash Rate: A miner is provided with a chance to make a number of guesses at the hash of a block.
• GPU: GPU is designed to render a 3D design. GPU is capable of creating more guesses than CPU.
• CPU: CPUs are the brain of the computer processing information for the command given to it. Moreover, it is the cheapest way to mine Cryptocurrency.
• ASIC: Application-Specific Integrated Circuit is the chips particularly designed to mine Cryptocurrency. However, they consume heavy power but act as one of the best sources for mining.
• Mining Rig: The primary purpose of the mining rig is to increase the minor’s hash rate as it is the combination of CPU, GPU, and ASIC chips running together.
• Proof of Work: Proof of work is significant when it comes to the security of any cryptocurrency. This is because it makes it very expensive and almost impossible to cheat the crypto network. Proof of work is the process of guessing the hash and is an essential security feature for a majority of blockchain networks.

How to choose the best coin to mine now?

There are various factors that one must consider before deciding on a coin to mine. Some of them are mentioned below.

1. Number of exchanges supporting the coin

It is indispensable to check what exchanges support the coin. If the less popular exchanges support the coin, it signifies the withdrawal can only be made to the internal wallet of crypto exchanges. In this case, even if the mining seems profitable, the miner is forced to give heavy commissions to the exchanges only for withdrawals as these unrecognized exchanges are forced to work with shitcoins and rely on high commissions.

2. Ensure its legitimacy

Some countries have not legalized and banned cryptocurrency mining. It’s better to avoid the risk if your country is not allowing you illegal trading. However, in some countries, the authorities allow crypto trading with a high level of anonymity as they serve as the perfect money laundering tool. If you seem it difficult to mine a coin at the place or country you are residing in, it’s better to go for the trading option.

3. Evaluating long term use of the purchased equipment

It is essential to evaluate the long-term use of the mining equipment through which you would mine the coin.

4. The possibility of withdrawing to fiat

Remember that an exchange fee on every exchange platform allows you to convert the newly mined coins to fiat. Or you also have an option to buy famous tokens, including Bitcoin, Ethereum, or Ripple.

Mining Profitability Calculators

While you are working on the best Cryptocurrency to mine, it is important to check the profitability of each Cryptocurrency with the help of a mining profitability calculator.

Listed below are the steps that will help you find the best coin to mine effortlessly by allowing you to compare with the profitability calculator:

• Once you enter the total hashing power of your mining rigs, you can check each GPU, CPU, or ASIC chips rate. You can check all of them on the non-specialized hardware comparison.
• The next step is to enter the total power consumed by your rigs in watts.
• Then, enter the Price of your electricity in kw/hr. If you are not aware of the prices per kw, you can ask your electricity provider.
• If you have joined the paid mining pool, enter its fee.

After deducting all these expenses, the mining calculator will calculate the net profit you would expect to make per day, month, or year. Easy, isn’t it?

What are the Risks Involved in Cryptocurrency Mining?

Many issues can impair your system’s performance and risk your businesses/end-users hijacking, information theft, etc. Therefore, it is a sensitive process that to be gauged diligently. Listed below are some risks involved that should be considered before you even consider the best Cryptocurrency to mine:

1. Hackers

In the world of crypto, you may come across many professional hackers. Unfortunately, they may use their talent illegitimately, break into your mining pool, and empty the user’s wallets.

2. Electricity Costs are Exceptionally High

Once you start dealing in top cryptocurrencies to mine, the electricity bill needs to be determined. As for most of the miners, the cost of 14 cents/kw hour is immensely high. You need to consider the dollar exchange rate each day you are paying your hardware investment.

3. Drop-in Value

Just like gold and silver, it is likely your coin’s value fluctuates and changes over time. If the value falls, you may start thinking, ‘no news is good news.’

4. Misleading Mining Pool Organizers

If you get caught in the wrong trap of deceiving administrators/organizers, they may skim coins from your earnings without even letting you know. They could even take out the entire caul haul. So, just be careful and watch out!

5. Losing your Digital Wallet

Forgetting your login id or password may lead to locking yourself out. This could make you lose your digital wallet. Also, the hard drive is a crucial device that needs to be taken care of. In case it gets damaged, you may end up losing your digital wallet.

Mining vs. Staking?

You have a choice between proof of work and proof of stake. Some people think that if they can earn money by validating transactions just by staking coins, they will risk their mining investments.

You would have always heard More risk, More profit. The same is in the case of mining. Although Mining is a complicated process as compared to staking, mining is one thing that could yield stupendous outcomes and huge rewards.

It solely depends on your resources and the coins you want to invest in, and then consider whether you want to mine or stake.

So, even if you are not tech-savvy and extensive technical knowledge, you can still follow the process of the best Cryptocurrency to mine. The only thing you require is ample computer hash power.

We would recommend doing your homework to understand the aspects better before you could start mining any cryptocurrency. Even if you know how to mine crypto using GPU does not necessarily mean you would reap profits. You may also end up paying a massive loss.

In conclusion, determining the best cryptocurrency to mine is a complex task that involves considering various factors such as mining difficulty, potential profitability, market conditions, and energy costs. While there are popular cryptocurrencies like Bitcoin and Ethereum, the mining landscape is constantly evolving, and new coins with promising features and profitability may emerge.

By staying informed, considering multiple factors, and employing efficient mining practices, miners can increase their chances of achieving profitability and maximizing their earnings in the world of cryptocurrency mining.

The post 17 Best Cryptocurrency to Mine Now appeared first on Moneymint.

The creator of cryptocurrency ‘Satoshi Nakamoto’ realized that the world needs an electronic payment gateway based on cryptography. This led him to create a decentralized digital currency that you can buy, sell, and exchange effortlessly without intermediary and government intervention.

With evolving time and rapidly increasing money-making opportunities, numerous people are trying to earn a lot of money with Bitcoin.

Ample investment opportunities are waiting outside your door; you just need to make efforts, recognize, and grab those opportunities.

For a long time, this was a hot topic seen everywhere on the internet, ‘How to Make Money with Bitcoin,’ that’s why we chose this topic to finish the debate about Bitcoin, once and for all. Our team has done vigorous research on Bitcoin and drafted vital information regarding making money with Bitcoin.

How to Make Money with Bitcoin

Hold your horses! We will also brief you about how to make money with Cryptocurrency.

Bitcoin – Overview

Understanding the real concept of Bitcoin is very easy. It is a computer file stored in a digital wallet app. The Bitcoins can be sent to the other person using your digital wallet and vice-versa (The other person can send Bitcoins to your wallet).

It is not a physical asset, so don’t focus on images displayed on websites as they are simply a hypothetical representation of what digital currency will look like. You can also buy Bitcoin and hold it until its price increases.

All the transactions in Bitcoin are recorded in a public list, known as the Blockchain. It is a decentralized technology facilitating managing and recording transactions. However, Cryptocurrency is a form of payment that uses Blockchain technology.

Cryptocurrency is primarily used to exchange online goods and services that are not controlled by one particular organization or government body. Instead, it is governed and run by the nodes spread worldwide. Furthermore, this digital currency is secured by cryptography which makes it disappointing for hackers as it is impossible to counterfeit the Cryptocurrency.

More than 20 million Bitcoins can exist on the Blockchain, which can be further subdivided into smaller units. The smallest unit of Bitcoin, which is also called a Satoshi, is valued to be at 0.00000001.

Which Cryptocurrency Wins the Battle?

In total, more than 5000 cryptocurrencies are being traded with a total market capitalization worth more than $200 billion. However, the top 3 cryptocurrencies that are considered most powerful include:

• Bitcoin with a market capitalisation of $1,051,179,684,596
• Ethereum with a market capitalisation of $389,488,966,162
• Binance coins with a market capitalisation of $100,665,561,023

Now that you got to know that Bitcoin is the granddaddy of all cryptocurrencies. Moreover, it was the first Cryptocurrency introduced in the market.  After its emergence, several other cryptocurrencies have also gained attention, such as Ripple (XRP), Litecoin, Bitcoin Cash, EOS, Chainlink, etc. Another reason for Bitcoin’s worldwide recognition is that numerous people have earned a lot of money with Bitcoin and become filthy rich. Therefore, it kept on gaining worldwide recognition.

The History of Bitcoin

Bitcoin was the first-most Cryptocurrency introduced in 2009 by Satoshi Nakamoto. However, at the time of its emergence, no one was aware of or even heard the term ‘Cryptocurrency.’

Until 2013, Bitcoins were being traded for not more than $10 each. However, soon after 2013, its value peaked at over $200. Well, after 2015, the value of Bitcoin increased immensely. In contrast, it breached the benchmark of $1000 in 2017.

At the beginning of 2018, the price of Bitcoin raised to around $10000. However, soon a few months after, the price dropped down to almost $6000. Many speculations were conducted to make it clear what caused the crash of the peak.

While these were the prices three years back, but you would know the Bitcoin’s price is rising and growing each day if you have checked the price today. The current price of Bitcoin in 2022 is $53,500. Yes, you have heard it right!

The reasons for its appreciation may vary upon external market factors and variables. Many cryptocurrencies have emerged in the past few years, but investing in Bitcoin has proven to be one of the best money-making ways. It has boosted the wealth and has turned many people into a millionaire.

How to Make Money with Bitcoin?

If that’s your question, then the wait is over. We have briefed you about all the basics of Cryptocurrency, and Bitcoin, so now you are ready to get informed about the money-making methods.

Listed below are the most efficient ways that will help you know how to make money with Bitcoin:

1. Mining

It is one of the best methods of earning a lot of money with Bitcoin. One can make great money by solving cryptographic puzzles and adding new blocks to the Bitcoin Blockchain network.

It includes 2 types of Mining:

• Personal Mining- This type of Mining is done individually. Since Bitcoin is a subject of mainstream success, it is considered one of the toughest cryptocurrencies to mine. The supply of Bitcoin is limited compared to its demand. Thus, you may need to struggle to make great profits after identifying the electricity and maintenance prices.
• Cloud Mining- Cloud Mining is opted by most individuals as this process of Mining does not involve any recurring charges or rising electricity bills. You only need to pay a one-time fee for the contract. Moreover, it does not require you to buy any software or hardware. Therefore, it has become a great alternative to personal Mining as you keep receiving your share of the cake.

Your earnings are solely based on the plan you have chosen and the electricity bill raised at the facility where the cloud mining service is based.

The only thing required is the knowledge and proficiency before you dive into the pool and pour your money into a mining company.

Note: Always ensure to verify the credibility of the cloud mining company before investing your hard-earned money.

2. Buy & Hold Bitcoins

Many people believe in simple formulae. For example, buying a commodity when the price is low, holding it until the iron becomes hot (the price increases), and then sell/retain it further. Long-term investors usually follow this approach.

For buying Bitcoins, get a Bitcoin Wallet. Invest, hold (wait for the right time), and sell.

You can invest and buy some Bitcoins if you think the price of Bitcoins will increase in the future as soon as the price surge, sell it, and enjoy the profit. The fact behind this approach is it not like short-term investments; you may need to hold them for long as they are not tied with fancy expectations. However, you should know the right time to sell.

One can also invest in companies/organizations, Blockchain, startups, development, etc., and make money with Bitcoin. But before making research-intensive investments, it is imperative to determine the potential of a company by analyzing market demand, expert opinions, white papers, etc. This way, you might be able to hit a treasure chest.

3. Accept Payments in Bitcoin

Many businesses today have started accepting Bitcoins as payment for providing their goods and services. If other businesses start it, so why not you? Go for it and accept Bitcoins as payment.

Accepting Bitcoins as payment is a straightforward process. For instance, if you are running a physical product business, you can start accepting Bitcoins by simply putting a small sign at your showroom/shop. Whereas, if you are running an online business, use a payment merchant or put a banner on your homepage. Whatever way you choose, integrating Bitcoin into your payment ecosystem opens the world for you.

The best part is it will make your payment secure and expedite the payment process. Moreover, you can receive payments from any part of the world that too hassle-free. All you need is a Bitcoin Wallet to receive bitcoins as your payment. Thus, it eradicates the dependency on a third party for processing payments and also helps you avoid losses.

Also Read: How to Cash Out Bitcoin Easily

4. Earn Bitcoin by becoming an Affiliate

You can earn a lot of money with bitcoin by leveraging social media platforms. You can become an affiliate for Bitcoin or any other cryptocurrency company, promote their products or services, increase their visitors, and earn a commission on each converted sale. The amount of commission is entirely based on increasing the customer base and sales.

You can use your social media followers to influence and convince customers why they should buy that product/service. You can also earn immensely by conducting affiliate programs on telling people how to make money with Cryptocurrency.

The only thing you need to ensure is that you sign up with the credible affiliate program as no one wishes to sell spam products. Another thing to do is share the links and websites on your social media handles while promoting a product or service.

5. Lending Bitcoins

The best part about making and accepting payments in Bitcoins is that you need not require any authorities to validate it. You can process transactions seamlessly without any interruption. So why not offer loans by lending other people Bitcoins at an interest rate.

Think of it this way: when you are not trying to make money with Bitcoin, you are letting Bitcoin make money for you! Isn’t that great?

Many websites help you with your lending services, including Bitbond, Unchained Capital, BTCpop, and many others. Choosing a credible lending source is vital; otherwise, you may end up losing all your Bitcoins. All the reliable lending platforms offer an interest rate of up to 15% p.a.

6. Micro Earnings

It is truly acceptable that micro earnings may not be enough to change your destiny. Still, it is definitely a reliable source of income, helping you meet the daily expenditures and lifestyle needs. Moreover, suppose you are working with the legitimate PTC websites that pay you for opening particular websites, clicking on specific ads or links, watching videos, or playing games. In that case, they may pay you in Bitcoin.

Although the pay of these websites is not very high, it is still one of the fastest means where you can earn a quick buck. Some websites that pay you in Bitcoins for completing tasks and filling online surveys include adBTC, Coinpayu, Coinadder, and BTC4ADS.

7. Trading

Many people are trading bitcoin and making plentiful money. Primarily, proficient traders analyze the trading charts, study the market, evaluate external factors, and are ready to take risks.

The moment these traders spike in their current trade, they close the position to generate profits. The best part is you can trade 24×7 in the world of Bitcoin at your convenience.

You can select from 4 trading strategies while you are investing your money in Bitcoin, including:

a) Day Trading– It is also called intraday trading, in which investors buy and sell a position within one single trading day. The major benefit of day trading is you need not pay the overnight funding charges on your position.

b) Bitcoin Hedging- It is a strategy in which you try to minimize your risks by taking an opposition position you have already purchased. This type of trading is usually practiced when the market is moving against you.

c) Trend Trading- People practicing trend trading opt for a position matching the current trend. For instance, if the trend is bullish, you will prefer investing for the long term, whereas if the trend is bearish, you will make short-term investments.

d) HODL (Buy and Hold)- It is a strategy in which you buy and hold Bitcoins until their price increases. Usually, this trading involves long-term investments, and lots of patience is required if you opt for HODL.

8. Earning through Tips

One of the most effective ways to make money with Bitcoin is by helping other people out and get tipped a little money from them. You can use a platform called Bitfortip if you want to get Bitcoins in the tip.

While you assist other people and help them complete different tasks online, they may grant you BTC as an incentive. It may include a wide range of tasks such as providing answers to technical questions, promoting their products or service, streaming video games, finding suitable clothing, and many other tasks.

Many platforms have integrated crypto-tipping services these days; you just need to check those platforms and earn extraordinarily.

9. Bitcointalk Forum Campaigns

Bitcointalk is a platform set up by Satoshi Nakamoto, the founder of Cryptocurrency and Bitcoin. It is one of the oldest and recognized forums in the crypto sphere that bountiful people use.

If you are active on the Bitcointalk forum and an avid follower, you may even get paid for every post you put on it. If you get paid for your posts, it will also have your sponsored signature. Wow!

10. Bug Bounties

The incentives offered by various organizations and software developers for finding any technical glitches or other vulnerabilities in their systems are a great source of earning and increasing your income. Primarily they reward you for maintaining their systems. Also, you may get to earn bitcoins for improving their ecosystems for their users.

Basics to follow if you are investing in the world of Bitcoins:

• Do extensive research
• Analyze the market
• Foresee all your risks and pick a method fulfilling all your requirements
• Ask the experts and read articles before investing
• Never put all your eggs in one basket

Bitcoin is worth your time and investment only if you follow basic principles and do not take risks you can’t afford. As people witnessed immense profits in the world of Bitcoin, simultaneously, some people have also incurred massive losses in Bitcoin investments. Evidently, you will prefer coming in the first category of people enjoying great profits. To ensure this, you need to be patient and cautious as you venture into a volatile market.

Also Read: 11 Best Cryptocurrency to Mine

What are the steps involved in Bitcoin Trading?

1. Analyze the factors affecting Bitcoin’s Price

The most important factor is to gauge the factors that have an impact on Bitcoin’s price, which may include:

a) Supply- Bitcoin’s supply is capped at 21 million. Speculating its demand since its launch in 2009, it’s expected to get exhausted within a few years. If the supply of Bitcoin becomes limited, then the price of Bitcoin could increase in the future.

b) Integration– The demand for Bitcoins may increase if Bitcoin’s public profile is integrated with robust banking frameworks and the latest payment systems.

c) Other events- In case of security breaches, government interventions, regulatory changes, and macroeconomic bitcoin announcements may affect the prices immensely, either positively or negatively.

d) External Market Factors- It may include any breaking news related to Bitcoin’s security that may have a negative or positive impact on its overall market price.

2. Choose a way you want to get exposure

It is imperative to know what way will help you get the maximum exposure to Bitcoins. Listed below are those 3 ways:

a) Buying Bitcoins through an exchange: This method is pre-dominantly opted by individuals using the HODL strategy. These people take direct ownership of Bitcoins and sell them when the price of Bitcoins rises in the future.

However, there are some factors to keep in mind while buying bitcoin through an exchange, including:

• Bitcoin exchanges impose a fee and apply certain restrictions on funding and withdrawing the amount.
• It often fails to provide good customer support.
• Lack of proper regulation.
• The servers and matching engines on bitcoins are not fully reliable. This can often lead to suspension of markets or reduced execution accuracy.

b) Trading Bitcoin Derivatives: You can trade bitcoin derivatives by speculating on their price with CFDs (contract for difference). It is a financial contract in which you pay the difference in the settlement price between the open and close trades without owning any bitcoins. Major benefits involved in trading bitcoin derivatives include:

• Hedging- Hedge your bitcoin derivatives to lower the risk against market declines.
• Deep Liquidity- Due to the massive client base, the market of Bitcoin is vast and is very liquid, signifying you can sell orders at the desired prices.
• Leverage and Margin- You only need to put a nominal deposit known as margin and play big with leverage.

Note: It is considered one of the riskiest trading methods as it is highly unpredictable and involves huge profits or heavy losses.

c) Crypto 10 Index: Trading through the Crypto 10 index will provide you with tremendous exposure to 10 powerful cryptocurrencies, including Bitcoin, in one single trade. This index tracks or mirrors the underlying market price of these cryptocurrencies.

Also Read: How to Become a Millionaire in Your 20s

3. Know your Limits

Apart from setting the limit within your mind of how much money you want to invest, you can set your stop and limit as:

a) Guaranteed Stops: Regardless of any slippage, it will close your position at a level already set. You will only be charged a fee in case your guaranteed stop is triggered.

b) Normal Stops: These stops are liable to slippage, although the position will be closed at the set level.

c) Trailing Stops: These stops are entirely based on the market movements to secure profits while capping your risk. However, similar to Normal stops, Trailing stops are also liable to slippage.

4. Keep a Watch on your Trade

It is one of the most important steps if you are trading in Bitcoins. Without monitoring your trade, you will not know whether the price is rising or falling, leading you to miss the right opportunity for buying or selling. Therefore, ensuring the market is moving the way you anticipated is essential and should not be ignored.

One should also consider technical indicators to evaluate whether the price of bitcoin is going to rise or fall.

5. Close the Position to Generate Profit or Cut a Loss

If you reach a level where you cannot afford the additional risk, you can cut a loss. Whereas, If your position has reached a level of accumulating a good amount of profit, close the position and enjoy the profit.

Why Invest in Bitcoin?

Bitcoin is the one-stop solution for all your trading and investment needs! And there are many reasons to invest your time and money into the colossal world of Bitcoins and cryptocurrencies.

If you possess complete knowledge and a profound understanding of investing or trading in cryptocurrencies, you have a great chance to increase your wealth tremendously. Numerous people are keen to invest in the world of Bitcoins today, but  we only recommend this once you have got a deep insight as it is always said; ‘To succeed in business, one needs to know math.’

With this thought in mind, we want to inform you of major reasons why you should consider investing in Bitcoin:

• Robust Future Potential
• Great Possibility of Accelerating Profits
• More Reliable Compared to other Cryptocurrencies
• User Autonomy
• Low Transaction Fees for International Payments
• No Banking fees
• Peer-to-Peer focus

The price of cryptocurrencies is volatile; if you have the risk tolerance, you can invest in this business, have patience, and earn handsomely.

If you are a savvy investor, Bitcoin might not entice you. However, individuals who invested in Bitcoin thought that they might have a possibility to earn a lot of money with Bitcoin in the future, and they were right.

The chances of Bitcoin’s value may increase magnificently in the future, but many people opt for short-term trading to play safe. Instead, investing in Bitcoin for the long term, they trade Bitcoins and take advantage of short-term price volatility. On the other hand, Some people think of taking a risk and making a bet on the long-term success of Bitcoin.

Recommended: Top 15 Cryptocurrencies to Invest other than Bitcoin

The foremost thing to ensure if you are investing for the long term is to choose a reliable, secure exchange. The other important thing to consider is keeping cryptocurrencies insecure wallets.

Just remember, knowledge is the key. Now, you know how to make money with Bitcoin; it’s up to you what methods you select to make money with Cryptocurrency. Whatever method you will choose, you are going to reap huge profits. Just be confident, have patience, and trust yourself.

The post How to Make Money with Bitcoin appeared first on Moneymint.

How to Mine Cryptocurrency?

What is Crypto Mining?

It is a program in which the machine does a few chores to get a little bit of Cryptocurrency. This is one method through which new bitcoins get into the flow, although it is also a demanding segment of the maintenance and development of the blockchain ledger (public record). It would also include verifying data blocks and adding transaction records to the Blockchain.

Crypto mining can also be referred to as a process in which you get Cryptocurrency as a reward for your finished tasks. You get Cryptocurrency by solving cryptographic equations by using computers. This task is done by very sophisticated computers which can solve even the toughest computational math problems.

Crypto mining involves a lot of hard work and results in the slow accumulation of resources similar to mining for minerals.

Overview about Cryptocurrency Mining

• It is a detailed, expensive, and intermittently rewarding
• Anyone can become a miner, but mining is not for everyone
• Miners are remunerated for their work with crypto tokens
• It is about achieving even more financial freedom without governments or banks knocking in
• All cryptocurrency transactions are listed on a blockchain. A blockchain is a database shared and managed by a community, as opposed to a centralized entity
• The good part about it is that you can make money through it without putting money into it
• You would require a GPU (graphics processing unit) or an application-specific integrated circuit (ASIC) for setting up a mining rig.

Terms that are usually used in Cryptocurrency Mining

1. Blockchain- This term is used for numerous technologies which provide control across a large number of individual actors for security reasons.

2. Miners: They are the particular nodes whose role is to verify unconfirmed blocks in the Blockchain by verifying the hashes. Once the miner validates the block, it is attached to the Blockchain.

3. Hashing: This is the process of compressing data into an irreversible jumble of bits. Every set of data would possess a unique hash, and if you wish to change the data, you would have to compute a new hash.

4. Decentralized: Something that cannot be controlled by a single, central entity or a group.

5. Blocks: They are the individual section that includes each overall Blockchain. Every block comprises a list of transactions that are 6. completed. Once the blocks are confirmed after that, you cannot modify them.

6. Nodes: These are the tools that subsist within the Blockchain.

7. Transactions: The mining process starts with transactions, as it is the trade of cryptocurrencies between two parties. All the transactions get bundled and become a file that gets added to an unconfirmed block.

8. Nonces: It is a crypto-speak which states a number that is used just once. It can also be said to be a random or non-repeating value. Nonce gets added to hash in every blockchain block, and it is that distinct number that the miners are working for.

9. Consensus algorithm: This is a process within the Blockchain as it assists different notes within a distributed network come to an agreement for verifying the data. Proof of Work is said to be the foremost consensus algorithm.

Cryptocurrency Mining Methods

A lot of people have this question in mind that how does bitcoin mining work? There are several ways of doing cryptocurrency mining; let us understand some of the significant ones:

1. Cloud Mining: This is the most famous way of mining cryptocurrencies as it is pretty simple and user-friendly. In cloud mining, you would have to pay someone a precise amount of money and rent out their mining machine, termed as a rig.

This rent that you pay is for a specific period. After that, all the earnings that the rig makes are transferred to your cryptocurrency wallet, but the electricity and maintenance cost is deducted from that amount. The organizations that provide cloud mining services have huge mining facilities with numerous farms and know well how to mine Cryptocurrency.

The primary reason why this method has become so popular is that it provides an opportunity to enter the world of cryptocurrencies even if you do not have sufficient funds to buy rigs or people who are not keen on owning a rig.

The good part is that there are two options in cloud mining: the free version and the other is paid. Many people opt for the free version, but it has many cons, such as slow mining speed, extra conditions, and many more.

Process of cloud mining: First, you would have to search for a cloud mining host online and see the different plans they offer and choose one as per your requirements. Once you choose the plan, you need to pay the host, perform the transaction and register your cryptocurrency wallet code. The plan prices usually lie around $500-$5000, and the time starts from two years to a lifetime.

As per the market trends, people usually reach the break-even point at half or one year time, but the prices of cryptocurrencies are dynamic, so there is no surety of the profit or loss.

2. CPU Mining: This process is different from cloud mining as here they use processors for mining cryptocurrency. Initially, this method was used by many people, but now its usage has reduced because its process is pretty slow as it might take months to generate even a small amount of revenue.

There are times when people make no or very fewer profits through it as they spend a lot of money in paying electricity and cooling bills. The reason why people are still practicing it because anyone with a desktop can do it.

Process of CPU Mining: You should own a desktop and several programs. It is advised not to use laptops for this as they might overheat in just a couple of hours. Beginners usually opt for this process as it is easy and can be done without seeking any help.

3. GPU Mining: Usually, all modern computers have a CPU and GPU. Like the CPU is the computer’s brain, GPU is referred to as the muscle for mining. Nowadays, GPU mining has become one of the most well-known methods. Normally, all the cloud miners have started using GPU rigs for their services.

People are most inclined towards this method because it is very efficient and comparatively economical. GPU mining rig is great as it has hash speed and a general workforce. GPU rigs use graphic cards for mining cryptocurrencies.

Many things are used for making a standard rig, such as a motherboard, processor, rig frame, cooling, and graphic cards. The price of a nicely built GPU is usually around $3000. This might sound a lot, but it will pay off very fast.

4. ASIC Mining: ASIC stands for Application-Specific Integrated Circuits. They are devices that are particularly created to do a single task that is crypto mining. These have become pretty popular as they produce a hefty amount of Cryptocurrency as compared to other methods.

There is a big debate about ASIC, as when they announced its new version, people demanded to ban these machines because they are very powerful and can rob the miners using CPU or GPU.

These were some of the cryptocurrency mining methods now; let us understand the crypto mining process in detail to make it easier for you to start with it.

How Cryptocurrency Mining Works

Here is a step by step guide for you to know the cryptocurrency process:

1. Nodes verify transactions are legitimate

A cryptocurrency blockchain is built upon the basis of transactions. But for completing a transaction, it is essential for it to undergo a verification process.

2. Separate transactions are combined with a list of other transactions to make a block

The second step would be to put all the transactions in a list added to an unconfirmed block of data. The best part of this data is that it can neither be manipulated nor altered. In fact, it keeps a permanent public record.

3. A hash and other kinds of data are attached to the unconfirmed block

Once adequate transactions are added in the blog, a few more information such as header data and hash from the previous block in the chain and a new block are added. After that, the header of the most current block and nonce are merged for making a fresh hash.

Now, this hash would be added to an unconfirmed block to get approved by the miner node.

4. Miners validate the block’s hash to assure the block is genuine

This step is crucial as the miners in the network check the probity of the unconfirmed block by inspecting the hash.

5. Once the block is validated, the block gets published in the Blockchain

This can be a great step for miners as now the proof of work is complete. It is a time-consuming method of solving hash and telling others that you have duly done it in a way that they can verify it.

Also Read: 11 Best Cryptocurrency to Mine

Which Cryptocurrency to mine?

The choice of gear would majorly rely on cryptocurrency mining that you have decided to do. In today’s time, the most trending and people’s favorite are Bitcoins, Dash, Monero, and Ethereum.

The fact is that there are thousands of different cryptocurrencies that exist. As per the reports, as of Oct 2020, there were 7433 cryptocurrencies, and the global crypto market was worth $356 billion.

Remember that mining Bitcoin is the trickiest of all as all the miners try and snatch a small bit of Bitcoin. This means that you would have to wait a lot to get even a small bit of Bitcoin to start coming in.

That is why it is recommended to bet on Ethereum or other currencies that are relatively less popular. Also, the Cryptocurrency you mine would depend on your budget, ROI, and your method of choice.

Therefore, you need to understand and analyze what suits you the best and then opt for it.

Should you mine Cryptocurrency?

Doing mining yourself is not as tough as you might think. If you have a desktop with a modern GPU, then you can easily do it yourself. Although doing mining through ASIC is not that simple and is not for everyone. Yet, there are various ways to make a profit from your newfound mining knowledge:

1) Proof-of-stake: If you invest in Ethereum 2.0, you will not need expensive mining equipment.

2) Rent mining power: One of the largest mining pools in the world is NiceHash. They provide you a service to rent mining power produced by machines in the countries where the electricity costs are low. Thus, by using this method, you would be able to miner without getting technical.

3) Invest in the industry: This would be possible when companies like Bitmain, Antiminer, NiceHash, etc., become publicly traded.

Mining and Bitcoin Circulation

By now, you very well know about how to mine Cryptocurrency, but the other question that comes to the mind of a lot of people is how does the circulation of Bitcoin works? Here is the answer for you in brief:

Mining serves various significant purposes other than lining the pockets of miners and supporting the bitcoin system. One of the major roles is to release new currency into circulation; in fact, it can also be said that it is the only way of getting new Cryptocurrency in the market. This process is called minting by the miners.

There is a small calculation and a fixed amount up to which the Bitcoin would be made. Let us understand this with the help of an example; as per the reports, there were almost 18.5 million Bitcoins in circulation as of Nov 2020. Aside from the coins minted via the genesis block, every single one of those Bitcoin came into being because of miners.

Don’t worry; even if the miners don’t exist in the future, Bitcoin as a network would be there and be usable; the only difference would be that no additional Bitcoin would be generated. As per the Bitcoin rules, there would be a time when Bitcoin mining would cease as its limit is capped at 21 million.

Don’t fret; there is a lot of time as the final Bitcoin as per the calculation would be mined in 2140, but yes, this is true that over time the rate of Bitcoin mined would be lessened. Also, do not think that the transactions that you do would be ceased to be verified. Miners would be paid to check the transactions to keep the uprightness of Bitcoin’s network.

The major benefit to the miners is that when there are any changes done in the Bitcoins’ protocol, they are given voting power. This means that they have a say and authority in the decision-making process.

Also Read: How to Earn Free Bitcoins Daily without Investment

Cryptocurrencies Use Decentralized, Distributed Systems

As per the traditional banking system, it was the central authority that used to control, update, verify and maintain the centralized record. But this is not the case with Cryptocurrency as there is no central authority that controls it as a decentralized system operates them with a distributed ledger that is called Blockchain.

The reason why it is decentralized is because of the ease of transactions, as anyone can straight away connect and participate in the cryptocurrency system. You need not go to the central bank for sending or receiving payments; that is the reason it is also called decentralized digital currency.

It is also a distributed and transparent system as all the transactions are available publicly and saved on various computers. The verification of all the transactions is done via cryptographic algorithms. Here is where the role of miners pop in as they use their computers for doing the cryptographic work that is needed to be done for adding new transactions to the record.

Who updates the Blockchain?

As you know, there is no centralized banking to manage and control exchanges, then who will update the Blockchain and how frequently? The process of updating the Blockchain is done by the computers that mine a particular type of Cryptocurrency and are also responsible for keeping the ledger up-to-date. The updates on the Blockchain are done quite frequently.

The good part is that everyone can view and refresh the ledger because it’s public, and it is possible because of the cryptocurrency blockchain. In fact, anyone can do that by using their computer when you try to solve an equation that the Blockchain represents and if it gets accepted, your transaction would be automatically added to the next data block for approval.

Is crypto mining legal?

Many people think that crypto mining is illegal, but the answer to it is that it is legal. The legitimacy of crypto mining would rely mainly on two factors:

a) Geographical Location

b) Whether you mine crypto by legal means or not

The mining of Cryptocurrency is seen differently by different governments worldwide. As per the reports, U.S. feels mining Bitcoin as fulfilling a service that is the heart of the Bitcoin cryptocurrency system. On the other hand, in China, the local governments are cracking down on Bitcoin mining, and therefore they are to stop mining Bitcoin.

Many countries consider the profit from Bitcoin to be taxable, whereas, in few countries, it is a non-taxable income.

Risks of Mining

Cryptocurrency mining comes with a lot of benefits, but along with that, there are a lot of risks as well that are important to analyze before getting into it. Usually, there are two types of risk involved with mining which are financial and regulatory. There have been many people who spent thousands of dollars on buying mining equipment yet had no return on their investment.

To mitigate the risk or increase the profit, it is always advisable to join the mining pools. The next important thing is that you should always read the terms and conditions of your country regarding Cryptocurrency and then only invest in it.

The next thing that impacts the growth of Bitcoins the most is the increased energy used by the computer while running the mining algorithms. Although the efficiency of a microchip has increased immensely for ASIC chips, the network’s growth is beating the technological process.

Because of this, there is are concerns about the environmental impact and carbon footprint of Bitcoin mining. Still, efforts are being made to lessen this negative externality by searching for clean and green sources for mining operations. Another great alternative is to shift to a mechanism that is less energy-intensive.

Also Read: Top 15 Cryptocurrencies to Invest other than Bitcoin

What are Coin Mining Pools?

Along with the detailed knowledge of how Bitcoin mining works, you need to understand the concept of mining pools and how you can benefit from it.

The miner who searches for the solution to the puzzle first gets the mining rewards, but the chances of becoming number one to find the solution are equal to the portion of the total mining power on the network. Miners who have a small percentage of mining power have less probability of finding the next block independently.

For example, one could purchase a mining card for a couple of thousand dollars would show less than 0.001% of the network’s mining power. Therefore, the chances of finding the next block in such cases are very less and would take a lot of time plus, when the difficulty increases, it makes things even worse. Hence, it would become tough for the person even to recover the money they have invested.

This is where the mining pools come into effect as they help you in various ways. They are operated by third parties and coordinated by a group of miners. If you work together in a pool and share the payout amongst all the participants, miners would get a constant flow of Bitcoins beginning from the day they activate their miners.

What do you mean by the statement ‘the right answer to a numeric problem?’

For solving the numeric problem, you do not need any advanced math or computation. These numeric problems are not that tough to solve, but the miners wish to become the first to solve them and develop a 64-digit hexadecimal number less than or equal to the target hash.

It is basically the guesswork, but the numbers of guesses for every problem are trillions, making it a pretty tough job. For solving the problem, miners require a lot of computing power. For successful mining, you would have to have a high hash rate that is measured in terms of megahashes per second (MH/s), gigahashes per second (GH/s), and terahashes per second (TH/s).

What is a 64 digit hexadecimal number?

Let us understand about the 64 digit hexadecimal number by an example, below is the number-

0000000000000000057fcc708cf0130d95e27c5819203e9f967ac56e4df598ee

The above code has 64 digits, and it comprises both numbers and alphabets. First, let us break down the word hexadecimal; almost everyone knows a decimal means; it is the number whose base is 10. In this case, it means that every digit of a multi-digit number has 10 possibilities, zero through nine.

Hexadecimal means that its base is 16. Thus, every digit would have 16 possibilities, but as per our numeric system, there are only 10 ways of representing numbers, i.e., from 0-9; therefore, they use alphabets a, b, c, d, e, and f.

Also Read: How To Get Bitcoins In India For Free

Why Cryptocurrency?

In today’s time, many people have started investing in cryptocurrencies because of the various benefits that it offers. The maximum population has started using money digitally, such as credit & debit cards, PayPal, Amazon Pay, etc., for buying online items or sending and receiving money from your friends and family.

In a world where eCommerce has taken control over other things, people do not want the hassle of paper cash and coin currencies. Therefore people got inclined towards Cryptocurrency, and here are the major reasons why:

1) More privacy and control over finance: Various people want to have more command and privacy when it comes to their finances. The idea behind it is that no one is your friend or relative, would get to know when you bought the play station or how much you spent on the new speakers.

People wanted to eliminate the traditional centralized banking system where people hide money in the suitcase or pantries. This new system of cryptocurrency mining helped them come out of the traditional system.  Using Cryptocurrency renders anonymity to users as it involves the usage of public-key encryption and hashing functions.

2) It’s all about the Benjamins: As per the research, it was found that by 2025, the global cryptocurrency market is expected to outstrip $38 billion. There have been various people in the past for whom crypto mining was immensely profitable, and it ought to be one of the best investments of their life.

On the contrary, there have been many people for whom it did not turn out to be profitable because there are many factors and resources that go into mining them and usually not a high profit.

3) The concept is still fresh and shiny: The good part about Cryptocurrency is that its concept is still new and exciting. Hence, several people want to be a part of the wave of new technology and want to experience it. Every day new people are becoming a part of it as they want to be a part of the next best thing in the market.

Why does everyone not invest in Cryptocurrency?

Although various people in the country know how to mine Cryptocurrency, everyone does not get involved in it; why? This is an interesting question as there are so many advantages attached to crypto mining but still, the percentage of people getting involved in it less. Here are the reasons why:

1) It is resource-intensive: For mining even one Cryptocurrency, you would need numerous resources in terms of both computing power and electricity. Cryptocurrency mining needs a lot of computing power for generating new guesses persistently. If you become successful, you would be able to generate new Bitcoin, plus you would also be able to update the Blockchain by adding information to the end of the ledger.

2) Costly: Along with the processing power and electricity to power your operation, you would also need to analyze the costs associated with such a big initiative. Gone are those days when it was possible to crypto mine by just using one computer.

If you wish to beat other cryptocurrency miners, you would require tech and processing capacity to compete.

3) Returns on Investment: Several people have made money through Cryptocurrency, but it is not the same for everyone. The more people are getting involved in it, the return on investment has started to decrease. Let us understand this with the help of an example; every four years, Bitcoin experienced an event called halving. In this, the number of Bitcoins that people get as a reward reduces by half. Therefore, when people started mining back in 2009, they got 50 BTCs per block. The last halving was done in 2020, and the rate was reduced to 6.25 BC per block.  Breakdown of the number of BTCs:

4) Geographical location: There are many areas or places where cryptocurrency mining is not legal; hence it is one of the foremost things to check before you start doing it. Governments worldwide have different opinions about crypto mining, and there are various countries where they prohibit investing or using Cryptocurrency as a payment method.

By reading this article, it must be very clear to you about how to mine Cryptocurrency, the risks involved with it, cryptocurrency mining methods, and much more. Remember that Cryptocurrencies are a viable area of investment for technophiles, investors, and cybercriminals alike.

Recommended: How to Cash Out Bitcoin Easily

This trade is still very young, and mining has a very long way to go before arriving at maturation. It totally depends on you whether you should continue an investment related to mining or not as it relies primarily upon your risk-taking capacity.

Like any other industry, this new and underdeveloped is prone to have a lot of uncertainty, but with uncertainty comes the potential for a huge profit. Just be careful.

The post How to Mine Cryptocurrency? What Is Crypto Mining? appeared first on Moneymint.

12 Best Penny Cryptocurrencies to Invest Now

Penny cryptocurrencies are digital currencies that you can buy for less than $1. They are very similar to penny stocks and are very cheap coins worth a few pennies. The major advantage of investing in them is that they have a high potential to profit.

Penny cryptocurrencies are said to be one of the best alternative types of investments that can be divided into four categories-

• Utility tokens
• Mining-based cryptocurrencies
• Security tokens
• Stablecoins

Usually, all the cryptocurrency’s prices change and are subject to price manipulation by pump and dump schemes. Let’s take a look at the list of the best penny cryptos in which you can invest and gain huge profits.

1) Ripple (XRP)

Undoubtedly, this is one of the most popular cryptocurrencies in the market as of now. It was known as OpenCoin when it was launched in 2012. Ryan Fugger and Jed McCaleb founded Ripple, and their angel investor was Chris Larsen.

Ripple had hit its maximum price in January 2018 when its price was $3.5; currently, it is priced at $0.51. XRP is attached to it because it has a utility factor which means you can do international transactions on it that would be completed within seconds, and the similar transaction takes long hours if you get them done through a bank.

Ripple was built as a unit of payment network that would enable quick and cheaper cross-border payments. They have a different structure to mine the coin, which is known as XRP Ledger Consensus Protocol. Here, there are validators instead of the miners to verify the transactions and create new ledger versions like Bitcoin’s blocks.

Ripple has gained popularity so soon that it even outperforms Bitcoin in the aspect of transaction throughput. Ripple processes more than 1500 transactions per second, scalability, and speed.

2) Stellar Lumens (XLM)

This platform focuses on remittance and cross-border payments. It has become one of the leading cryptocurrencies where more than $531 million tradings are done in a day. In addition, it is listed in the top 13 world’s most valuable cryptocurrencies.

Stellar is maintained by the Stellar Development Foundation, which is a non-profit organization established in 2014. Jed McCaleb co-founded it, but he left the company in the year 2014 only to start his own venture.

XLM aims to become an open financial system that would give access to all income levels for performing low-cost financial services. Some of the major services that they offer are mobile money, remittances, mobile branches, micropayments, and many more.

Stellar years to lessen the required time and cost for international money transfers; in short, they want to create equitable access to the global financial system. It has an excellent application that helps people in converting crypto to fiat currency. In 2018 they hit their highest price that was $0.83, and as of now, their price is around $0.12.

3) Basic Attention Token (BAT)

It is one of the best penny cryptos to invest in as they have the soundest projects in the whole crypto world. They have a utility of ERC20 token and are created on top of Ethereum’s blockchain. BAT ranks the 34^th position globally in terms of market capitalization. It is also used by the BAT decentralized blockchain-based exchange for digital advertising.

They are joined with an excellent browser and a great team led by the developer of JavaScript, and its founder is Mozilla’s Co-founder. Together they aim to transform the advertising world by targeting the three significant areas- publishers, users, and advertisers.

The good part about BAT is that their team is very reactive to community feedback; hence the improvement on their platform is done almost every day. Also, they ensure they provide complete privacy and security to their clients, assurance that the users will see relevant ads and address all their needs.

The advertisers majorly use their tokens for paying publishers for the ads based on user attention. In fact, users are also paid with tokens as rewards for watching ads. BAT reached an all-time high of $0.88 back in January 2018, and as of now, their price is running around $0.17.

Also Read: How to Mine Cryptocurrency?

4) Cardano (ADA)

It has gained such a high position in the list because of its flexible network and fast transactions. The co-founder of Cardano, Charles Hoskinson, was also the co-founder of Ethereum.

It is an ambitious crypto project and third-generation blockchain that has become popular because it works on scalability and interoperability, which are the major challenges faced by cryptocurrencies.

Recently, they have updated and given their users good news that now they can build smart contracts on Cardano’s network. However, it still has a lot of room to grow, and there are many investors who invest in it as they know that this would represent the future of cryptocurrencies.

Cardano is one network that takes time and accomplishes things persistently. The good part about them is that they have a low transaction fee and an excellent development team that is working to fully decentralize the project.

Its price is $0.26 currently, and it has increased because of the new update of building smart contracts, enabling developers to start working on dApps and the Defi field.

Cross-Reference: Cardano: More in profit than in loss

5) Ravencoin (RVN)

This coin has become pretty famous lately because of the great combination of both technical price action and good sets of fundamentals. However, it is relatively new in the market as it was launched lately in 2018. They aim to become an Ethereum of security tokens.

They are listed amongst the top 50 cryptocurrencies and reached the maximum price in April 2019 that was $0.07. It is recently priced at $0.01. RVN has been created for serving specific purposes, and one of them is to determine ownership of assets flawlessly.

This coin is pretty similar to Bitcoin as they also make direct payments. The father of Ravencoin is Bruce Fenton, who is a high-profile expert from the traditional finance sector. He was also called the early Bitcoin advocate as he worked as an Executive Chairman of the Bitcoin Foundation from 2015-2016.

6) Zilliqa (ZIL)

It is one of the world’s first blockchains created on a sharded architecture. It is in the top 10 because they are the first platform to harness the power of sharding while its competitors are still planning to implement it. This technology is not only important for ZIL but the whole crypto world.

It is a Singapore-based project that is perfect for handling the issues of scalability. It has established itself as the hottest coin of 2018, but it went under the radar because of its own faults and misses deadlines. They also have the feature of smart contracts that are written in its proprietary programming language called Scilla.

ZIL is a cheap currency with a high fundamental value that is supported by Neo Global Capital, One Block Capital, and other big investors. As of now, their rate is $0.01 – it can be a great time to purchase them.

Also Read: 17 Best Cryptocurrency to Mine

7) VeChain (VET)

It is a blockchain-based supply chain platform that aims to solve real-world economic issues. They strive to build an ecosystem that would solve common problems related to supply chain management. They offer two types of tokens to their users: VeChain Token (VET) and VeThor Token (VTHO).

VET has a limited supply of 86.7 billion, whereas VTHO is given as a reward for VET staking AMs and transferring the value across the network. As a result, they want to improvise the efficiency and affordability of supply chains and give more control to their clients.

Thus, when we look into penny cryptocurrencies, VeChain is a market leader and is worthy of attention as cheap crypto to buy.

VeChain is backed by one of the biggest Audit Firm-PwC and partners with numerous popular Fortune 500 companies like H&M, BMW China, and many more. The current value of one VeChain is $0.015 even after a huge profit of 4500% in just a year.

8) Dogecoin (DOGE)

This penny cryptocurrency is worth mentioning in the list of best penny cryptos as it has been the talk of the entire world, and all the credit goes to Elon Musk. This coin had a shady past, but after the statement of Elon Musk, the prices of dodge touched heights and reached the maximum amount to date in May 2021.

No one ever thought that this meme coin created in 2013 would become legal and get into the list of the best penny cryptocurrencies to invest in. All this has become possible because of Elon Musk, as now it has become one of the cheapest currencies to trade-in. Dogecoin is one of the best penny cryptos to invest now, priced at $0.06. Many people predict that its price might increase again in the near future.

Since its launch, this currency has been on a ride – in 2021 they had returned more than 8000 percent with highest market capitalization value of $80 billion. All in all, this is a great and viable currency to invest in, as the more the risk, the more profits you can earn.

Cross-Reference: Dogecoin Mining Profitability Higher Than Bitcoin

9) Polygon (MATIC)

Initially, it was known as Matic Network; it is Ethereum-compatible blockchain interoperability and scaling framework. They aim to address a few limitations in Ethereum, such as its lack of community governance, poor user experience, and throughput.

Their token is named MATIC, and it is used for staking, governance, and gas cost, which remains central. Polygon is a structure that is built for developing interlinked blockchain networks. It has four main layers that makeup Polygon’s framework:

• Ethereum layer
• Network layer
• Security layer
• Execution layer

Their new project comprises excellent Ethereum developers and influencers like Hudson Jameson, Ryan Sean Adams, Anthony Sassano, and John Lyric as advisors. Polygon is one of the latest attempts at blockchain interoperability and scaling; hence it yearns to soothe some specious restrictions of projects like Polkadot and Cosmos. Its current market price is $0.54.

Also Read: How to Make Money with Bitcoin

10) Chiliz (CHZ)

It is a blockchain platform that recently enjoyed the upward pull of the market because of the fan token frenzy. It is currently priced at $0.06. Chiliz is underpinning Socios.com, a fan engagement service that lets sports teams sell fans special advantages like early access to tickets, voting on team jersey designs when they take the field, etc. These perks are then sold on the blockchain as fan tokens.

Their fan tokens have become pretty famous with football teams in Europe and other sporting competitors globally. Several Fan Tokens like Juventus ($JUV), Atlético de Madrid ($ATM), AS Roma ($ASR), and AC Milan ($ACM) have been gaining traction on cryptocurrency exchanges. In fact, Juventus and AC Milan have their own fan tokens that users can buy.

This digital currency is especially for sports and entertainment; they have introduced a new concept for fans interacting with their favorite sports team. Thus, it is a great platform for you if you are a sports person as you get a chance to interact with your favorite team and, along with that, make money as well.

11) Holochain (HOT)

It is an open-source framework for creating a fully distributed, peer-to-peer application. Holochain is energy efficient post-blockchain technology decentralized app development platform without any scalability problems of existing blockchain projects.

It is resilient, versatile, scalable, and more efficient than blockchain. Moreover, it has access to all the Internet apps’ capabilities simultaneously without any API requirement as its languages are completely compatible. You would be amazed to know that having Holochain is like having an IFTTT layer built underneath the Internet.

The best part about it is that users can also create a customized experience as per their selection parameters; all this is possible because the information on this platform is not forced to sit uniquely in every application. As a result, Holochain has grabbed the attention of various investors, and the earning potential from it seems to be really high, currently priced at $0.001.

12) QLink (QLC)

It has become really famous in just a couple of years as it promises to create the foremost decentralized network to improvise the limitations of the telecom industry. The current market price of this coin is $0.003. Some of the major challenges are cyber-security threats, ensuring maximum return for the company, and wider coverage.

The ICO of Qlink lasted for a month, and in that very month, they raised more than $19 million. As their result was overwhelming, they were able to materialize the startup and aim to create a mobile network where the users could register and digitalize telecom assets. Furthermore, they would also be able to share those assets with other users through smart contracts.

They offer other services to their users from their app, like sharing Wi-Fi, SMS, and mobile data, which people would love to use. The QLC tokens are NEO-5 tokens created on the NEO blockchain. They are used as service coins to pay for the platform’s services. In addition, if users watch some sponsored content, they earn some tokens as well.

These were the best penny cryptos – they are reliable and under $1, so you can invest in them and hope to earn a good return in the future.

Also Read: 33 Best Cryptocurrency Exchanges

How to Select Which Penny Crypto to Buy?

It is essential to have a set structure or format of the selection process so that you do not get confused with so many coins available in the market. Therefore, when searching for the best penny cryptocurrencies to invest in, here is a list of a few factors to consider.

1. Always invest in the crypto that has a circulating supply of between 10 million – 1 billion coins.

2. Minimum 25% of the whole supply limit should have been mined already·

3. It should have a minimum market capitalization value of $20 million and should bring more than $1 million in daily trading volume·

4. It should be listed on popular cryptocurrency exchanges such as MXC, Binance, BitMex, etc.

5. Discount penny coins that trade near their all-time high.

6. There percentage gain in the last 7 days should be higher than 50%. You can check this data on big cryptocurrency exchanges·

7. The cryptocurrency that you wish to invest in should have a strong presence on social media channels and should report about its development with complete transparency·

8. Should possess a team of experienced blockchain developers·

9. Last but not least, you should always use technical analysis to search for the range-bound penny crypto that is transacted at a psychological support level.

Factors to Consider before Investing in Penny Cryptocurrencies

Here are a few points that you should always keep in mind before choosing any crypto to invest in:

1) Longevity: One of the most important things to check is how long has the crypto been in the market? Although new cryptocurrencies are also not ruled out immediately but check their previous record or date, it helps you make comparisons and see how it has performed.  

2) Track record: The track record also helps fetch information about their reliability, highest prices, and trend of its movement. It gives you an insight into how they have performed previously, and if they have been stable for a couple of years, that is a good sign which depicts that it is a reliable cryptocurrency to invest in. Also, if you see that it is gaining traction and its value is increasing persistently, it is even better.

3) Technology: You should compare the platform with others in the aspect of its security and usability. You can start by looking at the speed at which it does the transactions and see that it has a strong network that can handle transaction traffic easily or not?

The next important thing to check is if your investments are safe or not, as numerous platforms use blockchain technology which makes the transactions transparent and easy to track. The major benefit of blockchain technology is that if any hacker steals your crypto, it makes it pretty easy to track your investment to recover despite being lost because of fraud.

4) Adoption Rate: The next aspect that you should check is seeing how many people are investing in the crypto you are interested in. If a lot of people are investing in it, that means that cryptocurrency has a high level of adoption rate, which makes its liquidity even better. The more people invest in it, the better would be its trading and spending in the future.

Also Read: 11 Best Penny Stocks Under 10 Cents

Where to Purchase Penny Cryptocurrencies?

When you know the factors and the currency you wish to invest in, the next important thing that comes to mind is where you can buy them from, as you would need a platform where you have to give less commission, get good returns, and be reliable.

There are cryptocurrency exchanges like a Bitcoin exchange specializing in providing digital currencies that trade under $1. The process is completely the same for penny cryptocurrency as well. It does not matter if these exchanges are centralized or decentralized; it entirely depends on your investment strategy. One of the biggest exchanges is Binance that offers penny coins plus other big currencies as well. But whichever platform you select, ensure to check the variety of penny cryptocurrency that it supports.

Initially, it might be tough and time-consuming for you to search for a reliable exchange that succors even the most enigmatic tokens, as these exchanges take coins that show massive demand and vow them profit.

Here is the list of penny cryptocurrency where you can invest:

• Binance: You can trade from a huge selection of 685 coins with an average 24-hour trading volume of $3.9 billion.
• OKEx: It gives you access to over 372 penny coins and a $1.9 billion average daily volume.
• HitBTC: This crypto grants you access to choose from more than 827 penny coins and a $650 million average daily volume.
• Hotbit: It allows you to trade in more than 625 penny coins and a $2.3 billion average daily volume.
• KuCoin: It provides you entree to select from over 447 penny coins and a $40 million average daily volume.
• Bitfinex: This crypto has 277 penny coins to access and a $93 million average daily volume.

Why Invest in Penny Cryptocurrencies?

There are various reasons why you should invest in penny cryptocurrencies, such as diversifying your portfolio, the potential to earn more through them, etc. Let us know about the reasons in detail:

1. High-risk reward ratio: Various penny cryptocurrencies are undervalued, and it is assumed that there might be mass adoption of the blockchain technology; hence the value of the altcoins might rise in the near future.

2. They offer investment diversification: If you yearn to earn regular returns from crypto, then it is substantial for you to diversify your portfolio by investing in different areas. For example, if one coin crashes, the other might benefit you. So, diversification always plays an important role in investments.

3. Passive income: As per the investors, the best-paying dividend cryptocurrencies are mostly under $1. So, earning dividends from crypto is alike getting a dividend from stocks. This means that you can also earn by just holding the penny cryptocurrencies.

These were some of the reasons you should invest in penny crypto, but the next important thing is what factors to look into before investing, as one wrong decision can lead your profit into loss, so it is important to choose the right crypto.

Also Read: BlockFi Review: Is it legit or too risky?

These are some of the best penny cryptos for smart investment. Their partnerships with some of the biggest companies and brands in the world set them apart from other coins.

The post 12 Best Penny Cryptocurrencies to Invest In appeared first on Moneymint.

There are various ways to trade crypto, but usually, people prefer using apps because of the ease they offer, user-friendly interface, and no third-party involvement.

For new and expert traders, various top crypto trading apps can make your trading experience better and even add crypto to your profile for free.

Best Cryptocurrency Apps and Exchanges

What is cryptocurrency?

It is a digital form of currency that serves as a medium of exchange for assets that are traded on decentralized platforms. They do not work like the other fiat currencies (USD, GBP, JPY, etc.) as their specific states manage crypto; they rely on cryptography to regulate the creation of new units of the currencies.

Cryptocurrencies exist on a network called Blockchain; they are decentralized, transpired, and not controlled by any specific government or authority.

The transactions of cryptocurrency undergo numerous processes inside the blockchain technology, such as:

• If you wish to transfer money to someone else, the transaction would appear online as a ‘block.’
• This block would be then broadcast to each part of the network
• People who are within the network validate the transaction and approve it
• In the next step, the block will be added to the chain, which creates an inerasable record of transactions
• Once this is done, now the money will be transferred.

Cryptocurrency Rules

Not only it is important for you to choose the best cryptocurrency apps, but before investing, you should be aware of some of the basic rules that you need to consider. Some of them are:

• Think about the level of risk that you are taking, do not cross the limit. This means that you do not invest the amount you are unwilling to lose, as if you cross your limits, you can be in a bad financial situation.
• Never invest in one cryptocurrency; always diversify your portfolio. Divide the risk by investing in numerous digital currencies
• Know well about the crypto that you are planning to invest in by reading its whitepaper and understanding if its model makes sense to you
• Go through the team behind a particular coin by doing a background check on them. See if they have good knowledge and experience or not.
• Assess the market capitalization of the currency and keep in mind that the higher the market cap, the higher would be the liquidity of an asset
• Check out if the crypto you are investing in has any partnerships or agreements in existence. If yes, then what can be its impact in the future on the crypto?
• Check on its customer support.
• Do good research on the crypto that you wish to invest in and read about its reviews and future prospects.
• You should also share your views and experience on what you already know about the crypto world.
• You do not have to trust everything you hear and read about crypto, as it can be a scam and an act of competitors as well, just to mislead you. So be careful, read the data on their website and various platforms to be sure.
• Last but not least, always abide by the reason you decided to invest in crypto. It can be a short-term trading or long-term investment, but you need to stay calm even when the market is down. Trust in the currency you have invested in and wait for it to come back to the price you thought of.

These were some of the rules that one should follow for a better outcome and less loss. But, the next question is how to invest in crypto; what is the process?

Also Read: 12 Best Penny Cryptocurrency to Invest

How to begin investing in cryptocurrency?

You just need to follow a few steps to begin investing in cryptocurrency, irrespective of the coin you choose to invest in. Here are the basic steps for you-

Step 1: Opt for a cryptocurrency wallet

Crypto wallet is one of the most effective tools when you start investing in crypto. However, it is similar to the traditional wallets which you use to keep your physical money; crypto wallets aid in keeping your digital money safe and secure. There are various options from which you can choose, such as online, hardware, and desktop wallets.

It is always recommended to choose hardware wallets as they are considered one of the secure offline methods of storing your digital assets. Also, while electing the wallet, always go for the one that is compatible with various cryptocurrencies.

Step 2: Sign-up on Cryptocurrency trading platform

They are also called exchanges; here, you can purchase, sell and exchange your cryptocurrencies easily. But, a few platforms only let the users buy and sell but do not permit trading and vice versa. You can choose the one as per your requirements.

Usually, all the exchanges enable the users to invest in several coins; there are hundreds of exchanges where you can register easily. Some of the best platforms are Bittrex, Coinbase, Paxful, Robinhood, etc.

There are a lot of things that would affect the choice of exchange, such as your location. It is essential to check prior to signing up whether the particular exchange operates in your country or not. You might need to fill in a few details for registration, such as:

• Name
• Email address
• Password
• Phone number
• A passport photo
• Identification documents.

All these documents and information are not required while signing up, but some of the top crypto trading apps might need it if you wish to get your transaction limit increased.

Step 3: Transfer your digital assets to your wallet

Once you select the platform and acquire the assets, you would have to transfer them to your wallet. There are a lot of platforms that offer this facility for free, but some of them might take a small fee. In the future, if you want to exchange the coins with other currencies, then you would have to transfer the funds back to the exchange of your choice.

This is a pretty simple process; all you need to do is put the wallet address to your exchange, find the trading pair of your choice, and transfer funds to the exchange.

What to look for while searching for the best cryptocurrency trading apps?

Irrespective of the currency you choose to invest in, there are a few points you should always look for and compare before making your final decision:

1) High-level security

The first thing you need to decide upon is whether you want to do short-term trading or hold them for long. If you decide to make a long-term investment, then the app’s security becomes a big concern. Therefore, you would have to seek an app with a high level of security.

Bitcoin and other big currencies transactions are tough to trace. Once you start a transaction between wallets, it becomes nearly impossible to stop the transaction or to get back your money. In addition, it is difficult to tell who owns which wallet because of the decentralized nature of the Blockchain.

It is hard to track any unauthorized transaction, which makes it apt for criminals and hackers. Thus, while choosing the app, always review its safety features; it is best if they possess 2-factor authentication and back-end encryption as they keep your coins safe.

2) Real-Time Data

There is a constant fluctuation in the prices of currencies. Thus, look for an app where you can get up-to-date information minute-by-minute as the data would become obsolete even if the price of a single coin increase by 25% or it loses half of its value.

Real-time data and information are important while trading crypto as it ensures that you are not using old information to make investment decisions.

3) The number of cryptocurrencies

You should also check for the number of cryptocurrencies it offers as if they are limited, you would have to use another platform. To avoid this hassle, it’s recommended to select the platform which comes with multiple currencies options to invest in.

4) Fee

One of the most important factors is the fee involved in using the app. You need to check on multiple things such as if there is any deposit or withdrawal fee, what is the trading fee, etc. Check all their costs and compare them with the other best cryptocurrency apps to make a sound decision.

This was about the factors you should consider while choosing the cryptocurrency app; let us know about the most secure and reliable platforms.

11 Best Cryptocurrency Trading Apps

Starting anything new has never been easier, and the same goes for cryptocurrency as well. In just a couple of years, they have become a new trend of investments, but you need to keep in mind that the realm of crypto is volatile. There are various types of apps such as phone-based trading apps, general financial apps, and special crypto apps.

Here are a few crypto trading apps that are secure, have good reviews, and deal in numerous currencies:

1) CoinBase

It is one of the best crypto exchanges. It offers its users a great combination of superior products like eCommerce payment features, custodian services, interest-earning accounts, a platform for professional traders, etc.

With them, you can trade in numerous significant currencies like:

• Bitcoin
• Bitcoin Cash
• Ethereum
• Ethereum Classic
• Litecoin
• BAT
• USDT
• ZRX and many more

In total, you can trade 96 digital currencies to date, and the count is increasing. The best part about them is that they have a user-friendly interface which makes it quick and easy for the users to operate it.

You need to open an account for trading with them, and the process is very straightforward. First, you need to download the app, and after that, you just need to give your Aadhar card for opening the account.

Also Read: How to Make Money with Bitcoin

A unique feature about them is that it also enables its users to deposit fiat currency, but if you wish to trade through your debit card directly, then the cost would be high; it would be 3.99% of the trading amount.

Cost: Typically at least 1.99%.

Download CoinBase on Android || iPhone

2) eToro

It is one of the top crypto trading apps apt for all kinds of traders and investors in the crypto world. You can trade 90 cryptocurrencies on this platform, and some of them you would not normally find on the other apps such as Polygon, Uniswap, and Tezos.

This app has made trading pretty easy, but it relies more on short-term trading rather than long-term; thus, it is apt for speculative purposes. One of the unique features about them is that here you get the opportunity to copy successful traders and clone their strategies. Thus, you get valuable data from successful traders that can help you make better decisions.

Another excellent features are that you do not have to pay any fee for depositing money with a debit or credit card. But, they charge a small fee of 0.5% for conversion of the non-USD currencies.

Cost: eToro is commission-free, but spread markup varies from 0.75 to 5%.

Download eToro on Android || iPhone

3) Binance

This has become one of the most popular apps worldwide in just a couple of years. You would be amazed to know that Binance has the highest trading volumes amongst all the apps on the list. The highlighting part about this app is that making transactions here is safe as this platform is completely reliable.

They provide you with a plethora of coins that you can trade, and there are many coins that you would find just on Binance. They have a nominal fee for the transactions, such as 0.02% for trading perpetual contracts on this app.

Also Read: 17 Best Cryptocurrency to Mine

But, if you are paying depositing money through debit or credit card, then you would have to pay a huge commission of 3.5% for every transaction or $10, whichever is the highest. Thus, if you are looking for a reliable platform with the most reasonable trading fee, then Binance is the best for you.

Cost: Typically, at least 0.1% trading commission.

Download Binance on Android || iPhone

4) BlockFi

They offer you the best crypto savings account with maximum returns. You can get a compounding interest of around 3% to 7.5% on your crypto holdings. Thus, instead of putting your money in a savings account, you can put your money here and get a good ROI.

You can use your existing portfolio to start earning interest; you need not create a new profile for that. For example, on your existing crypto portfolio, you can earn interest on your holdings such as Bitcoin, Etherium, etc. The annual interest for them goes up to 4%.

The interest you earn is paid at the beginning of every month, and the compounding effect raises the annual yield for BlockFi clients.

People who wish to maximize their interest should consider investing in stable coins such as GUSD, USDC, etc., as you can get interested up to 7.5% on them.  You can also get crypto-based loans at 4.5% APR with BlockFi.

Download BlockFi on Android || iPhone

5) Blockchain

If you plan to trade crypto through your phone, then Blockchain can be one of the best cryptocurrency apps for you. Their app is very user-friendly, and even if you are new to trading, you would have no trouble operating it.

They support numerous big currencies and enable users to buy, sell, manage and store their Bitcoins and altcoins. In addition, on this platform, you would be able to find all the exotic altcoins that you might not get on other platforms.

It was launched in 2013, and today its mobile app serves over 62M users and has processed more than $620B transactions from 180+ countries. You would be amazed to know that its app is available in 21 languages.

Blockchain is loaded with numerous features and has two-factor authentication, TOR blocking, and PIN protection for security measures. You can make the payment here in Bitcoin and can send and receive the crypto as well.

Cost- There is no fee for using this application for trading or investing in cryptocurrencies.

Download Blockchain on Android || iPhone

6) Webull

This app has excellent features, which brings it to the list of best cryptocurrency apps. Along with crypto, they also offer stocks, options, margins, and ETFs with no out-of-pocket commission. People prefer using this app because doing transactions from it is pretty simple and straightforward.

The unique thing about Webull is that they run on the concept of spread markups for crypto trades; thus, your cost will be built into the trade. One disadvantage of this app is that they do not provide its users with the news content as this helps the newbies more about their options.

On this platform, you can trade on numerous big coins such as Bitcoin, Ethereum, Cardano, etc. This means they provide you with all the things that you might want in a good app.

Cost- There is no commission on trading, but you would have to pay a spread markup of 1% (100 basis points).

Download Webull on Android || iPhone

7) Exodus

This crypto app is best for people seeking an app that is easy to use, has a functional hot wallet, and is intuitive & secure. You can get all this in Exodus and a lot more, making it the first choice for multiple users. In addition, Exodus supports more than 125 cryptocurrencies which is one of the maxima on the list and making it a trustworthy option for storage.

You can buy and sell digital assets on the go here, plus they also offer you live charts and portfolio tracking functionalities. Some other significant features that it offers are:

• Round the clock customer support
• Easy integration
• Offline transaction functionalities for Trezor devices
• Buy and sell digital coins
• You can use it on both iOS and Android devices

This is an excellent app with all the top-notch features that is the reason why its trading fee is also a little steep.

Download Exodus on Android || iPhone

8) Coin Stats

This is one of the best cryptocurrency trading apps as it is best suited for people who want to track the price of cryptocurrencies every minute. This app is particularly for investors who want up-to-date information and can monitor price fluctuations easily.

Creating a portfolio on Coin Stats is very easy and simple; even a beginner can do it without any trouble. You would be amazed to know that you can trade more than a thousand currencies; some of them are well-known while others might be some small and less-known coins.

Also, they provide you with an option to link your wallet with hundreds of exchanges. Thus, all you need is to get started by creating the portfolio and tracking the market. They have two versions: free and paid.

Cost– For the paid version, there is a fee of $4.99 a month and $39.99 yearly.

Download Coin Stats on Android || iPhone

9) Kraken

It is an amazing crypto trading platform where you can trade numerous coins, and some of the well-known coins to invest in are Solana, Cardano and Uniswap. There are a lot of coins that you find here that would not be available on other platforms. On Kraken, you can trade 87 cryptos in total, which is a huge number.

They have a free and Pro version; thus, if you opt for the latter, then you would have to pay less fee.

One major drawback of Kraken is that it does not offer services to New York and Washington residents.

Cost- They generally charge a 1.5% fee and 0.9% for stablecoins. If you make a transaction through a debit or credit card, then you would have to pay a 3.75% fee plus 25-euro cents. Also, you might have to bear a 0.5% online banking processing fee as well. If you opt for the pro version, then the charges would lessen, and you would just have to pay a fee of 0.16 – 0.26%.

Download Kraken on Android || iPhone

10) Parity

The functionality of this platform is a little different from the others on the list. It enables you to transform your old phone into a completely secure offline hardware wallet; doesn’t this sound great? This idea is fresh in the market, and very few people are using it, but everything seems all good till now.

The idea behind creating this platform was to make something different from the conventional hardware crypto wallets. It seems that in no time, it will become the best and easiest solution for cold storage. Another notable thing about Parity is that once you install it after that, it does not need any internet connection. A few other amazing features are:

• All the private keys and stored safely
• You can factory reset it and run it in airplane mode to ensure there is no external access to your device.
• The app went through periodical audits and security checks, so you can rest assured about the safety of your crypto with it.

Download Parity on Android || iPhone

11) Nomics

As mentioned above, various service providers offer you the price tracking feature, but did you ever check whether the liquidity and crypto price they represent are correct or not? You would be shocked to know that 50-70% of the Bitcoin and altcoin data that you see is fake.

This means that if you are trading on a particular exchange, then you might get within your order and lose money because of being swindled by misrepresented data. But, you won’t face this problem with Nomics as here they show you accurate and transparent information of the prices and liquidity of numerous exchanges and assets.

All this is done by directly integrating its API within crypto exchanges to get you real-time data straight away from the source. On the app, you would get this information and the real trading volume for the assets you are interested in.

These were some of the best cryptocurrency apps which provide you with access to broad range-literally thousands- of crypto to trade-in, plus various other benefits such as low-transaction cost, high-end security, and transparency.

Download Nomics on Android || iPhone

Types of Crypto Applications

You can trade crypto with various tools so that you can choose the one that is easier for you. Some of the major crypto applications are-

1) Cryptocurrency exchanges

This is one of the most commonly used crypto applications; here, you can buy and sell crypto by using USD, Bitcoin, Ethereum, and various other currencies. The good thing is that you can also link your bank account by ACH or use a credit or debit card to buy crypto.

There are a few exchanges where you can trade digital assets and provide their users with a crypto-backed debit card with the help of which you can earn crypto with every purchase you make using it. Furthermore, you can also earn interest in your crypto on various platforms, which makes it an excellent option for long-term-oriented investors.

2) Cryptocurrency Wallets

You can store the private key in the crypto wallet. This key is needed to use or unlock funds from your wallet address on the Blockchain. However, it is not recommended to hold the coins in exchange for long, as they are more vulnerable to hacks, and they do not provide your own private key.

Thus, it would be best if you always use wallets to store them. You can use a hardware wallet for holding your currency.

3) Portfolio trackers

With the help of these trackers, you would be able to see real-time information on crypto prices. Of course, there are a lot of exchanges where you would get this information, but using a tracker app can be beneficial as here you get the precise and correct information.

Trackers are highly recommended if you don’t keep your funds on an exchange, as in this case, you would not be able to see your crypto holdings.

For example, if you decide to hold your assets in a hardware wallet but you still want to stay updated with the price fluctuations, then you can download a tracking app as it is relatively easier than using an exchange.

Recommended: 15 Best Staking Coins

This was about the crypto applications that you can use to track real-time information, store your currency, and keep it safe.

These were some of the top crypto trading apps; you can select anyone per your requirements. However, if you are serious about trading and want to trade a huge range of currencies, you should always pick an app that enables you with thousands of crypto with less transaction fee. Thus, keep in mind all the factors before choosing any platform.

The post 11 Best Cryptocurrency Apps appeared first on Moneymint.

It is not a surprise that cryptocurrencies, including Bitcoin, have been worth more than thirty billion dollars. And still, it is estimated that it will continue to grow by at least 25% each year.

The 2008 recession has made the netizens learn the most valuable lesson: currency must be not in fiat form. It is merely true that fiat money (not invested in anything) will not let you cover the inflation rate. However, keeping your money invested in digital currencies will solve this problem by meeting the inflation rate in the future, especially if you invest for a long-term duration.

But due to a lack of financial rationale, people still think several tons before investing in it. So here listed and discussed are some of the best affiliate programs for your choices.

22 Best Cryptocurrency Affiliate Programs

1. Paxful

The top of the list starts with the Paxful program, a secure place to buy bitcoin. It supports 350+ methods of payment and offers you fifty percent of the escrow fee every time one of your affiliates buys Bitcoin. In addition, it is a leading P2P marketplace to buy Bitcoin, Tether, and Ethereum.

2. Coinsmart

If you are a beginner or even an advanced geek, this program is the choice for an affiliate. Coinsmart provides tools for all ages. It also gives you an option to earn up to fifty dollars for referral verification.

3. Binance

If you seek a high commission on any cryptocurrency affiliate program, you must join Binance. It is a leading and one of the reputed cryptocurrency exchange partners in the market. The high rates of interest make it a buzz amongst the investors.

4. BitMEX

The fourth in the list consists of the BitMEX affiliate program. It is an excellent option for seasoned traders. However, it provides the investors with an opportunity of earning up to 45% commission. Moreover, its determined commission structure makes it a very good affiliate program.

Also Read: How to Make Money with Bitcoin

5. Coinbase

Another brokerage company was founded in 2012 to create a world of decentralized currencies. Coinbase is yet another P2P trading platform with lower trading fees. Also, with this, it provides insurance coverage of $250,000. The no-limit bar on the referral commission is another promising feature you could find here. So, each time an affiliate refers to a new one, a commission is granted. The trading fee is 50% of the referral.

6. Trezor

If you want to earn a good return on investment, the Trezor affiliate program is for you then. It stores the currency in the blockchain and allows you to keep your cryptocurrency in your hardware wallets. The commission rates by the Trezor affiliate program are quite decent, ranging from 12-15% of values. In addition, it accepts bank transfers or bitcoin as payment receipts.

7. eTORO

eToro hosts the most vibrant marketing and advertising campaigns, and so it is one of the most famous affiliate programs of cryptocurrency. The biggest liberty associated with this program is its varying commission rate. It is one of the top-notch trading platforms to buy, sell or trade multiple cryptocurrencies.

8. Coinmama

Starting in 2013, Coinmama has created a prestigious place in the crypto market. It is a brokerage firm looking to trade Bitcoin, Ethereum, Ripple, Litecoin, Cardano, and other decentralized currencies. It uses the software tracker to facilitate the cryptocurrency by an affiliate seamlessly. It offers 30% commission earning on all referral purchase.

9. Changelly

Changelly is the new-age investor of cryptocurrency these days. It is the newest organization to be affiliated with crypto investment. It benefits you to trade and earn up to fifty percent of the commission while making any transaction. Plus, the platform is one of the most secure and accessible modes of cryptocurrency trade.

10. Exmo

Its super easy accessibility makes it yet another choice for the crypto trade. In addition, it is one of the finest exchange platforms offering affiliates to earn up to 25% of commission on each transaction.

Also Read: How to Mine Dogecoin?

11. LocalBitcoins

With a belief to change the fundamental working of finance worldwide, Nikolaus Kangas, a Finnish entrepreneur, founded this trading platform in the year 2012. It allows you to trade directly with Bitcoin with a trading fee of 20%.

12. Privacy Pros

If you are looking for an additional layer of security in your trading platform, Privacy Pros is the right place to trade. The commission trade rate is quite decent at 15%. In addition, apart from just Bitcoin trade, they provide a platform to manage other digital currencies, including Ethereum, Litecoin, and many others.

13. CoinLedger

The platform is an ideal choice as it allows you to earn a passive income every year when someone becomes your customer by clicking on your link. They have pretty fancy commission rates fixed at 25%.

14. Ledger

Yet another most secured and hardware wallet for cryptocurrency is Ledger. It is founded in the year 2014 by Eric Larchevque. It provides 10% referral commission for each sale and is recommended for beginners.

15. KuCoin

Kucoin is one of the most famous affiliate programs today. In fact, 1 out of 4 cryptocurrencies is associated with this exchange platform. Depending upon the onboarding traders, you can earn up to 40% of trading fees each time using their affiliate program. And the payment resides in the bitcoin equivalent.

16. bitFlyer

Bitflyer is one of the most secure and renowned options to trade the decentralized cryptocurrency. It is the only cryptocurrency exchange that runs in Japan, the US and Europe. They pay competitive commission for promoting them.

Also Read: 30 Easy Ways to Get Free PayPal Money Instantly

17. Eightcap

Eightcap trading platform uses MT4 and MT5 trading software. It provides a commission of up to nine hundred dollars for 150 or more active client. It has a huge market value and offers traders 1000+ securities.

18. ChangeNOW

Though ChangeNOW exchange provides a very low commission rate of 0.4% but has the most clear vision. The no-trade limit is an additional benefit to the exchange platform.

19. Bitfinex

It provides you with unique cryptocurrency trading experience in the market. Its affiliate program has 3 degrees of connection and it provides up to 18% commission on referral transactions.

20. Bitstamp

A long-run trading platform is considered a secured and trusted source for many beginners. With Bitstamp you can earn $20 per referral. It also has seamless payment options in bitcoin or any other decentralized currency.

21. Bybit

Bybit has a maximum of registered users today and is the biggest platform to think of for bitcoin investments. A 30% recurring commission fee is provided by this platform. It also claims to provide a two times commission rate than the industry standard.

22. Prime XBT

PrimeXBT is an award-winning trading platform that allows you to trade global markets, including crypto, commodities, indices, and forex. It has an affiliate program Primeads containing many exciting offers and options.

FAQs

Q1. What is a crypto affiliate program?

Cryptocurrencies affiliate program empowers you to join and promote digital assets including Ethereum, Bitcoin, Binance Coin, Tezos, Tether, Polygon, Dogecoin, Cardano, Litecoin, and many more.

The primary objective of the crypto affiliate program is to attract customers and build their interest in crypto products. The crypto affiliates can earn bountiful money by earning a commission in cryptocurrency in USD. The crypto affiliate programs are based on interests, which is why they are extraordinarily effective.

Q2. Are Bitcoin affiliate programs free to join?

Yes, most of the best Bitcoin affiliate programs are entirely free to join. Not only this, but you can participate in the majority of the crypto affiliate programs without paying a single penny. However, there is a process involved. Once you sign up for the affiliate program, they will review your application. Mostly the applications are approved without any complications. Once it’s approved, you will be able to promote their products or digital currencies to earn a commission.

Q3. What is the best cryptocurrency affiliate program?

Out of all the impeccable crypto and Bitcoin affiliate programs, Paxful provides the most lucrative opportunity to affiliates because of its high commission rate and sub-affiliate program, allowing you to earn 2x.

Q4. How to earn from Paxful?

Paxful hosts one of the best cryptocurrency affiliate programs and lets you earn ample money. All you need to do is sign up to this magnificent platform and earn a 50%  fee when the people you invite buy cryptocurrencies from this platform.

Q5. How do promote Cryptocurrency affiliate programs?

You can promote the crypto affiliate programs the same way you do recurring standard programs by building high-quality, engaging content on digital currencies and posting it on multiple platforms, including YouTube, Instagram, Facebook, Snapchat, etc.

Q6. Does Coinbase have an affiliate program?

Yes, Coinbase features one of the best cryptocurrency affiliate programs that allows you to earn 50% of your referees’ brokerage fee (trading fee) for the initial 3 months.

Q7. Does Blockchain have an affiliate program?

Yes, Blockchain features a magnificent crypto affiliate program; for more information about this program, click here.

Q8. How much money can I earn with Best Bitcoin affiliate programs?

You can make enormous money with Bitcoin and cryptocurrency affiliate programs. The amount may vary depending on the program’s commission rate and cookie duration. The other 2 factors determining your income with these programs include the trading volumes and public interest in those products/digital currencies you promote.

Recommended: 11 Best Cryptocurrency Apps

So, this was all about the top-rated cryptocurrency and bitcoin affiliate programs.

A dozen of other exchanges may pop up on your screen, but always be aware as they might be fooling you to make you fall into their trap. Many upcoming exchanges disappear as quickly as they promise thousands of investors to become insanely rich from an ICO. This is why we have listed all the legitimate and trusted cryptocurrency affiliate programs that you can choose from.

So, go for it and grab the lucrative opportunity from these authoritative affiliate programs.

The post 22 Best Cryptocurrency Affiliate Programs appeared first on Moneymint.

What are NFTs?

NFTs are revolutionizing digital collectability by providing unique, decentralized items stored on the blockchain. These tokens have diverse applications, from games to real estate. As a breakthrough invention, NFTs offer originality and ownership in a world where copies abound.

Though still nascent, the NFT market shows potential for lucrative growth, especially in gaming. NFTs enhance gaming experiences as tradeable items, like health balls, allowing players to earn money by selling in-game assets or participating in play-to-earn models.

What are Play to Earn games?

NFT games, also known as crypto games, combine conventional gaming designs with unconventional mechanisms to let users have more control over in-game assets like skins, characters, and weapons. This is made possible by launching these on blockchains through digital currency empowered by a decentralized economy that protects users against tampering.

The adoption standards also preserve rarity because some items within these networks can be uniquely identified through their NFT features. This free play-to-earn gaming model can help you create or breed new characters, purchase digital items on native markets like Wayfair (a marketplace specifically catered towards gamers) and unlock more content with hard work and skill.

16 Best Free Play to Earn NFT Games

What sets NFT games apart is the concept of true ownership. Unlike traditional games where players don’t truly own their in-game items, NFT games provide players with full ownership and control over their digital assets. Let us begin our list of free play to earn NFT games.

1. Axie Infinity

Axie Infinity is a popular blockchain-based game that combines elements of collectible creatures, battling, and trading in a virtual world. Players can own and breed adorable creatures called Axies, which have unique traits and abilities. These Axies can be bought, sold, and traded as non-fungible tokens (NFTs) on various marketplaces. Axie Infinity has also introduced a play-to-earn model, allowing players to earn cryptocurrency by actively participating in the game.

2. CryptoBlades

In the list of free play to earn NFT games, CryptoBlades is inspired by another RPG game. Like other war games, this game is also followed by fighting enemies, defeating them, and earning skill tokens as prizes.

While playing, players can generate weapons and even sell them in-game in the marketplace. In order to start the game, players need to buy a character. Hence, a minimal fee needs to be paid to continue fighting battles and the game, which later allows the players to earn rewards in the form of skill tokens.

3. Plant vs Undead

This typical play to earn game is a gaming platform where a player needs to buy seeds to play this game. This is a popular NFT game where the player will buy seeds from the marketplace using PVU tokens. Later, while playing, you can exchange these tokens with a particular crypto exchange that consists of PVU under their field.

4. The Sandbox Game

Have you heard about Metaverse? Sandbox is another excellent play to earn NFT game that has come into huge popularity since November 2021. It was established and has existed in the market since 2012, but it recently gained attraction when Metaverse became a bit expensive.

It has a vast market where players can buy and sell a variety of NFTs. Considering the market and your security, the Sandbox game is one of the most secured, safe long-term investments one can make while investing in gaming models.

Cross-reference: 3 Ways NFT Gaming Is Building New Wealth Opportunities

5. Star Atlas

With its unique graphic technology in NFT games, Star Atlas is considered one of the best multiplayer NFT games. This is an interesting game where players can sell and buy NFTs in-game, build cities, create micro-economies, and create Decentralized Autonomous Organizations (DAO). This game’s special effects and graphics are derived from Unity Engine 5.

6. Illuvium

Illuvium game features over 100 Illuvials/ monsters that will roam a vast alien world. You can capture, merge and upgrade them to fight your opponents in this risky NFT gaming platform. The Illuvial creatures in this game are unique and dangerous.

They can be captured, merged with other players, or used to fight against opponents! There is always the risk of getting left behind if you decide not to play your part well enough. However, it may just pay off big time when all is said & done because players will never get any opportunity like this in the game.

7. Gods Unchained

Gods Unchained is a new card trading game that will revolutionize the genre by infusing elements of NFT into an already familiar format. Cards can be purchased from other players or won in PVP matches, with more emphasis on skills and strategy than luck at this point since rankings determine who wins games.

These cards can be traded over any kind of native or open marketplace. There are many types of cards available for purchase, including commoner’s versions called common cursives, which have minimal artwork but offer basic functionality.

They are perfect if you don’t want to spend too much money but still enjoy playing your favorite video slots. The game is also featured with GODS tokens that can be used to purchase in-game assets that further can be traded or sold at a premium.

Gods Unchained is an innovative free-to-play trading card game that will empower players with unique virtual cards. These powerful items can be used in all sorts of ways, including PVP battles to determine who has the best skills for success.

8. Splinterlands

What if you could buy and trade cards that gave rewards just for playing? Sounds like a win-win situation. And it is! Splinterlands lets users earn as they play, similar to Gods Unchained; however, there is one big difference. All your progress will be saved on the blockchain instead of Facebook or Google in this game.

You can start playing with an introductory package that includes ten cards after registering during the onboarding process (where an account needs only be created). To make things easier for newbies who might not yet know how social media works, you may also purchase additional packs from the shop within the app using currencies you’ve earned so far.

In some cases, rare items may appear among these first sets purchased, so make sure there’s variety left to collect more pieces and try luck finding something great before it becomes too late.

Cross-reference: What Are Play-To-Earn Games? Here Are the 10 Best Crypto NFT Games

9. Polygonum

This upcoming game in 2022, Polygonum is a multiplayer survival simulation game where players may purchase and exchange objects within the game, and create their own regions with customizations for all three primary zones, PVP (player versus other), PVE (hunting, fishing & exploring) and Farming. The single server enables customers to experience an immersive world full of excitement.

10. NFT Champions

NFT Champions is a story-driven game with plenty of side quests for players to keep them busy. The world map consists of various regions; each filled with unique characters and challenges that can be tackled solo or with friends. You choose whether you want your adventure independent but collaborative; it’s entirely up to what kind of fun tumbleweed suits your requirements.

The game is all about collecting rare and powerful beasts known as Champions in order to make your perfect team. Each one is represented on the blockchain through an NFT, which can evolve into more potent forms with varying stats or attack skills depending upon how much effort players put forward throughout gameplay, all rewarding those who progress.

11. Gold Fever

Gold Fever is an upcoming game in 2022. This is a game of opportunity and danger, where players navigate the lush jungle landscape to find their own path in this bustling gold rush.

Anyone can own the land through NFTs or buildings put up on plots that generate passive income while increasing your fortune. It features different player factions with Brics preventing transparency but making sure 100% squat proofing makes it impossible for others to jump into any competition without being fair enough.

The map offers various paths for the players to take as well, if it’s just about gathering resources, then there are many options available; but when extraction becomes necessary know that only particular locations will provide what we need, that is the gold nuggets galore.

12. Sidus Heroes

This is one of the newest free play to earn NFT games in the market. This game focuses on space explorations and battles that feature a massive universe to conquer.

The game’s secondary token, known as SENATE will be used to purchase land on different planets within the SIDUS metaverse. This allows players an opportunity for passive income by building infrastructure and generating resources that they can then sell to earn money without doing any work themselves! This game provides other features like monsters, raw materials, land, and gear that can be sold in the market.

Cross-reference: 5 Best mobile NFT games

13. Untamed Isles

The Untamed Isles is a new, free-to-play MMORPG unlike any other. The game blends monster hunting and taming gameplay with breeding to produce a captivating experience for players.

The game features an open-world environment, which means there’s always something going on around every corner, whether the quest lines ask you to help out some villages by finding missing ingredients needed at specific locations throughout various islands; boss fights to wait within hidden caves deep underneath its surface. Unlike many free play to earn NFT games, it features voice chat so that you can talk trash while playing.

14. Guild of Guardians

Guild of Guardians is an upcoming game. This exciting platform allows you to earn NFT assets while participating in a role-playing game with your friends. You will build teams and complete quests in dungeons while earning resources that can be turned for profit or used as materials to craft items within this fantasy world. As with other games, collecting these necessary components allows players access to new areas, but here is how this game works differently.

Rather than just exploring at their leisure (which could take hours!), members must first be actively engaged. There is also an emphasis on building up communities, or guilds, by working together towards common goals such as mutual prosperity between members.

15. Neon District

The world of NFTs is intriguing, and Neon District offers gamers the chance to get involved. This is an upcoming game of 2022 that focuses on how the users can collect characters from various games and gear and craft items themselves by buying them on sale with their in-game clients.

Like all those featured in this guide, such as CryptoPunks and The Virtual economical Revolution, any asset found here comes backed up with blockchain technology so that you have full rights over how much money goes into what service when selling. The aim is to build teams and compete against other players in the mission.

16. Battle Racers

Battle Racers is a new game that takes inspiration from popular titles like Super Mario Kart and F-Zero. The whole idea behind it, as you can probably tell by its name, Battle racers, entails combining different weapons or parts in order to create the most potent cars for an arcade-sized track.

Here, players will be able to mix any two items at once for purposes ranging from increasing speed, power, etc., all while trying not to get hit by other opponents who are also dying for victory! You could register your winning vehicle on the blockchain via NFTs.

Note: Battle Racers has been discontinued.

Cross-reference: The Video Game Industry Was Hot on NFTs. Then Came Hacks and a Market Meltdown

How do play to earn NFT games help gamers?

When it comes to making games, there are two major monetization mechanisms that every game developer wants. The first is an excellent form of advertising. The second maximizes your revenue from users who purchase virtual goods with real money to unlock advanced content for them. Using cryptocurrencies instead facilitates this process if applied by NFT gamers or developers. Many have started catching up lately, so they can tag their digital collectibles, too.

The play-to earn model could be seen as a way to synergize both parties so that all are rewarded for the value they bring. On the one hand, gaming companies can develop a more vibrant in-game economy by implementing this system, which would allow gamers some level of control over how their time is spent and what resources are used during gameplay while also providing incentives such as discounts or special items obtained through completing quests within games with earned currency called gems.

Furthermore, since players already have proven willingness towards supporting these types of financial transactions through spending money on upgrades/cosmetics, it makes sense as they would want access to rewards explicitly tailored towards them.

Pros and Cons of NFT Games

Before you start playing the free play to earn NFT games from our list, it is important to understand the pros and cons of them. Let us get started.

Pros

• Transfer of Ownership: Trade your gaming treasures anytime and receive a fair price. The buyer becomes the current owner by transferring ownership, which is recorded on the blockchain as well!
• Security and Uniqueness: Non-fungible tokens (NFTs) are the future of blockchain gaming. They are so exciting because NFT is unique, which means no one except you could be its owner unless you sell it. It means they aren’t rare, but one-of-a-kind!
• Transparency: Thanks to blockchain, the presence, and history of ownership are unchangeable. Each item is offered with 100% transparency. Moreover, explorer transactions verify scarcity on a public ledger for eternity, so you know what’s worth owning when the time comes to buy, sell, or hold.
• Brand and Creativity: NFTs allow you to increase brand recognition and pique new interest with creative features and adoption by incorporating new features into designs.

Cons

• Concerns over Uncertainty: The current NFT buying frenzy resembles a potential economic bubble that could burst. While the value growth has been steady, there’s still an opportunity for more people to engage in cryptocurrency trading through these unique investments. However, experts draw parallels to a past crash caused by the lack of regulations and guidance, resulting in significant losses for everyone involved.
• Environmental issues in blockchain technologies: The decentralized nature of blockchain can cause serious problems for the environment. For example, no single entity in charge could make decisions on how this new technology should be used or developed, so its potential impacts remain unclear at best for now. This is a big concern.

The dominance of Play to Earn games over Smartphones

With advanced technology, it is incredible how smartphones have become a major source of play to earn games in the market. It has been estimated to be around 78% of mobile gamers use Android in 2020; many free-to-play games offered a lucrative opportunity to players and allowed them to earn a source of living through their mobile devices.

Almost 43% of all phone usage is related to gaming. This trend is more visible in developing countries like the Philippines as people enjoy playing Axie Infinity on their various Android devices.

Free play-to-earn NFT games have ushered in a new era of gaming that empowers players with true ownership and economic opportunities. The integration of blockchain technology and NFTs has revolutionized the way we perceive and interact with virtual assets in games.

By allowing players to buy, sell, and trade unique in-game items, characters, and assets, NFT games have created a thriving marketplace where gamers can monetize their skills and achievements.

The post 16 Best Free Play to Earn NFT Games appeared first on Moneymint.

Isn’t it best if you can store and retrieve your digital assets quickly and safely? If you think that way, you must require a crypto wallet to help you keep all your crypto safe and secure. Just like you keep all your cash in one place (in your wallet), similarly, if you are investing/trading in cryptocurrencies, ensuring you have a crypto wallet is important.

Cryptocurrencies are in the great limelight in the digital age because many people have started thinking of them as a money-making machine. Although it has made many people wealthier quickly, at the same time, it has also led many people to bear massive losses when one has invested aggressively and not been patient. Remember, investing in crypto is not a game that an impatient investor should play.

Its volatile nature and mesmerizing technology innovation have changed the fortunes of many Indians and people from all over the world. Are you also thinking of investing in one? No matter if you are a new investor or already an existing one, it is essential to know that keeping a crypto wallet is indispensable.

Owning a reliable crypto wallet will help you enhance security, prevent scams, and, most importantly, ensure the safety of your funds. But, what to do if you own multiple crypto assets. Even then, you would want to store all your digital assets in one place. Right? In that case, you would need multi-currency crypto wallets.

What are Multi-Currency Crypto Wallets?

Multi-currency crypto wallet or universal cryptocurrency wallet supports public and private keys that carry operations for more than 1 cryptocurrency. The best part about these wallets is that they let you keep all the cryptos in one place, and you are not required to have many crypto wallets.

These wallets enable you to send, receive, and check the available balance of your cryptocurrencies. But why are they important? If you are an investor or a trader, these wallets are necessary for carrying out transactions.

You can compare them with bank accounts. Just like you need an account to withdraw, deposit, and shop anywhere you want to. Similarly, the crypto wallet will allow you to carry out a series of actions.

List of Best Multi-Cryptocurrency Wallets

The primary objective of this article is to inform you of the best multi-cryptocurrency wallets. We do not want you to get stuck with some illegitimate platform and fall into their fraudulent trap. Hence, it is imperative to know the top multicurrency wallets that will keep your digital assets secure and make them out of reach of hackers and other threats.

Let’s dive into the list of best multi-cryptocurrency wallets to ensure your valuable digital tokens are stored in a trustworthy platform:

1. Exodus

A free desktop wallet featured with an intuitive interface, Exodus is an appealing platform to many beginner traders. It is an ideal wallet for new investors supporting more than 100 cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Binance Coin, and other obscure assets like Serum, FunFair, and many others.

The platform helps keep your private keys secure on your device and can even encrypt the private keys for you. The platform is best known for providing one-click efficient trading options.

The wallet is not an open-source wallet and offers excellent customer support by solving all their queries quickly.

The internal coin exchange is ShapeShift integrated, enabling all the transactions to take place directly through the Exodus wallet. However, the transaction fee is not paid to Exodus. Instead, it is paid to the network itself.

2. Coinomi

One of the oldest multi-currency crypto wallets trusted by more than 2.5 million users, Coinomi is a platform offering native support to 1500+ crypto coins and more than 125 blockchains while implementing the most substantial standards of security and privacy.

Coinomi is a hierarchically deterministic wallet which implies it uses a special algorithm to create the seed of the account. The crypto wallet supports multi-seed setups, and each seed phrase can have its own encryption settings.

This is an exclusive feature offered by this wallet as the seed is a series of random words that serve as a kind of ‘master password.’ Undoubtedly, it doubles the layer of security to the account.

If you are using this wallet, it is imperative to record the seed and store it in a safer place while ensuring you are not connected to the Internet.

Also Read: 15 Best Crypto Wallets

3. Ledger Nano S

A highly trusted wallet, Ledger Nano S makes it easy to store a wide range of crypto assets. It is a USB-sized crypto hardware wallet, considered the best for Ethereum transactions. The wallet looks very similar to a folder flash drive.

Ledger Nano S is a hardware wallet that can run multiple apps with no risk of private keys being exposed to the Internet. In addition, the wallet is relatively affordable, unhackable, and malware-proofed.

This OLED-based hardware wallet supports more than 30 cryptocurrencies and is integrated with multiple wallets; this OLED-based hardware wallet is competent in generating seeds containing 14 keywords stored in internal resistance to computer attacks.

4. Trezor

Trezor is a hardware wallet that works on a Zero Trust Approach, which eliminates the risk it being compromised by a third party.

One of the best multi-cryptocurrency wallets, Trezor acts like a USB device and is protected by a PIN. The wallet also provides its users with a recovery seed in case their wallet is lost or stolen.

When the wallet is used for the first time, it displays a 24-keyword seed generated by an RNG without being connected to the Internet. Because of this, the device is best known for creating an isolated environment to execute the signing of transactions.

Although it was mainly designed for Bitcoin, it still supports 14 other cryptocurrencies. In addition, the wallet’s intuitive interface prevents the data from hacking and theft by their rugged protection PIN. The only drawback of Trezor is that it limits its communication with other devices, as during the time the USB device is not connected, the wallet is turned off.

5. StormGain

StormGain is a zero-commission platform integrated into the exchange of the same name that is best known for offering a lucrative bonus system. The wallet allows first-time users to earn $25 while registering using this link. The first-time bonus you gain can be used to replenish the deposit.

The crypto wallet supports a comprehensive range of altcoins and allows you to send, receive, exchange, and buy cryptocurrencies with a bank card.

Listed in the top multicurrency crypto wallets, StormGain is a user platform that is easy for novice crypto investors or traders to dive into the world of crypto and enable them to make confidential relevant transactions. Plus, the process of registration is hassle-free.

6. Coinbase

Founded in San Francisco in 2012, the digital wallet has grown exponentially since its launch. It is straightforward to register yourself on this platform by following a specific identity verification procedure.

The platform is a secure wallet used for storing, buying, selling, and transferring altcoins from one user to another. The motto of the digital wallet is to build a transparent financial system in the blockchain.

The wallet operates remote-first and is eponymous with digital asset exchanges. Users can choose among a wide range of crypto coins and store altcoins, including Bitcoin, Ethereum, Ripple, Litecoin, Cardano, etc.

FDIC insures all the money is made via Coinbase Earn, and the cash in your Coinbase wallet is insured for up to $2,50,000. ‘Coinbase Earn’ facilitates eligible customers to learn about investing in different cryptocurrencies via educational content to make the most out of the amount.

Also Read: 11 Best Cryptocurrency Apps

7. Binance

Binance is one of the most secure and reliable cryptocurrency exchanges and wallets that allows you to store, trade, and transfer an array of altcoins. In addition, the excellent reputation of the platform makes it a safe place to trade in all cryptocurrencies it deals in.

Housed on the Binance cryptocurrency exchange, the wallet requires you to verify your identity to avail of specific withdrawal or trading features. This is a drawback and is a major turn-off for some traders.

The digital platform supports hundreds of virtual currencies, making it the most versatile wallet in the industry. The wallet comprises its own BNB token that helps investors to pay the trading fee and provides them with other benefits.

Users are also rewarded for participating and trading on the platform. These reward points can be adjusted in your trading fees. Furthermore, the wallet also enables you to stake assets like ALGO, QTUM, EOS, and buy other digital assets via a market or limit buy.

8. WazirX

One of the best multicurrency wallets in India, WazirX has gained significant recognition since it was acquired by cryptocurrency exchange Binance in 2019. However, the platform was founded in 2017. The wallet has more than 8 million users as of February 2022.

The multicurrency wallet of WazirX has grown to be the most trusted wallet in the Indian market that helps you securely store hundreds of altcoins.

The platform is available on web-based and mobile devices (iOS and Android). The wallet is featured with 2-factor authentication or OTP-based authentication, enhancing its security that does not allow any theft and ensures safe transactions.

9. Trust Wallet

As the name suggests, The Trust wallet is actually one of the most trusted and secure wallets in the crypto market, owned by Binance. The digital wallet is available on iOS, Android, and web-based devices.

This magnificent wallet lets you manage multiple cryptocurrencies, all in one place. Well, there is more to it. The platform also facilitates tracking the prices and charts away from the fear of hackers or fraudsters.

The platform is featured with a unique ability that naively integrates the ‘stake’ of different cryptocurrencies to help you earn massive commissions for having them stored in the Trust wallet.

Besides storing private keys on your own, this BTC and altcoin wallet allows you to witness the exquisite experience of using dApps, and decentralized exchanges, all by empowering security.

10. Atomic Wallet

Still, searching for the best multiple coins wallet? Atomic Wallet is a highly trusted wallet integrated with many other platforms to carry out 500+ crypto assets, yes, all under one roof.

The platform has its own eponymous token named AWC that enables you to fetch great discounts on exchanges. The only wallet mentioned in this list organizes an affiliate program, which means one can also earn by bringing new customers to the platform and converting more leads to prospective clients.

The wallet lets you exchange, buy, sell, and hold your crypto assets. Plus, the best part is that you also get to earn a decent amount of interest on your holdings.

To provide the user with an astounding trading experience, the wallet is designed with a streamlined, mind-boggling user interface captivating new users. Furthermore, if you come across any issues with the wallet, its 24×7 customer support will provide you with extensive support to help you solve all your queries.

11. Jaxx Liberty

Undoubtedly, Jaxx Liberty deserves to be on this list of best multi-cryptocurrency wallets because of the spectacular features it offers.

The digital wallet supports 12+ crypto coins, including Bitcoin, Litecoin, Ethereum, etc. The platform also provides a 12-word Master Seed phrase for granting control and ownership. The unique thing about this phrase is that it allows users to regain access to their wallets in case they are lost or stolen. Moreover, altcoins can be easily swapped and exchanged.

The dark UI of the wallet is eye-catchy. In addition, users can seamlessly carry out transactions using the wallet’s one-click approach. At the same time, the platform allows the private keys to be stored on the user’s device, and it does not access them.

Users can install Jaxx on their desktop or mobile as it is available for Windows, Mac, iOS, Android, and Linux. Plus, its dedicated customer support can assist you whenever you run into any issues.

Also Read: 12 Best Penny Cryptocurrency to Invest

12. Guarda Wallet

Looking for a custody-free, multicurrency crypto wallet? Why not opt for Guarda wallet? The impeccable platform supports more than 40 of the most renowned blockchains and thousands of their tokens, including Bitcoin, Litecoin, Ethereum, Dogecoin, Ripple, Tether, Binance Coin, etc.

It has an intuitive interface making the storage, transfer, reception, and management of the altcoins really easy. Plus, a trader can also purchase the altcoin using a credit card, unlike other platforms, and exchange the crypto assets through the integrated exchange service while making swift crypto transactions.

The wallets are available for desktop and mobile devices and are supported in Chrome Extension Version. The platform can be effortlessly accessed from each internet-connected device. Moreover, its in-depth support team is known for its efficiency and quick response time.

One of the best parts about the Guarda wallet is that it does not store the user’s personal information or private keys as it is non-custodial, which enhances security and minimizes the possibility of hacking.

Besides these top 12 multi-currency crypto wallets, check out these wallets that can also be used to store your digital assets:

13. Cryptonator

14. ZenGo

15. imToken

16. Freewallet

17. Ledger Blue

18. CoinPayments

19. Cobo

20. KeepKey

FAQs

Q1. Do I require a different wallet for each cryptocurrency?

Opting for a multi-currency crypto wallet makes it easy for investors to have more than one type of altcoin by enabling them to keep all their digital assets in one place. It allows them to manage and trade their virtual assets quickly. So, the answer is no; you do not need to opt for different wallets for each crypto asset, as you can store a wide variety of them in one place, which is called a multiple coins wallet.

Q2. What is the Best Multi-Cryptocurrency wallet?

Although all the crypto wallets mentioned in this article are secure and trustworthy, the best ones are Exodus and Coinomi. However, choosing the best multiple coins wallet depends on your investment and trading needs. Hopefully, we have made it easy for you by breaking down all the best options to make the decision today.

Going for a shady and unsecured crypto wallet might cause you to lose all your digital assets. So never take such risks, and only opt for the reliable crypto wallets that keep your private keys in your hands like the ones we mentioned in this guide!

So, this was all about the best multi-cryptocurrency wallets. You can check out moneymint to track the latest update and detailed information on cryptocurrency and blockchain.

The post 20 Best Multi-Cryptocurrency Wallets appeared first on Moneymint.

The best part about investing in these digital tokens is that selling, purchasing, or trading these tangible assets have become seamless and safer while reducing the chances of any kind of fraud.

NFTs are consistently witnessing tremendous growth in popularity among investors. Moreover, these one-of-a-kind assets have no physical form and can only be purchased and traded like the same way in the crypto world.

These tokens support the creation of a digital certificate of asset ownership. At the same time, the buyer’s possession demonstrates the proof that the individual owns the ‘original work.’

How Does NFT Work?

NFTs are created digitally and could be music, drawing, artificial intelligence, or any other digitalized material. The majority of the NFTs are part of the Ethereum blockchain, while not on cryptos like Bitcoin or Dogecoin.

In simple words, Non Fungible Tokens are supposed to be a collective item that is only digital. When purchasing an NFT, the person claiming to purchase the specific token is accredited to the full rights of the exclusive ownership, which means only one owner possesses the right to own it. To make it more transparent, the digital data showcases who is the original owner of the particular NFT and ensures the rights could only be transferred between buyers and sellers through transfer tokens.

50 Top Rated NFT Tokens by Market Capitalization

Listed below are some of the most popular NFT tokens as per their market capitalization:

1. THETA (Theta Network) $6951million
2. MANA (Decentraland) $5950 million
3. AXS (Axie Infinity) $4990 million
4. XTZ (Tezos) $4385 million
5. CHZ (Chiliz) $2110 million
6. ENJ (Enjin Coin) $1578 million
7. SAND (The Sandbox) $600 million

Most Popular NFT Tokens To Buy

Most popular NFT tokens are collectively responsible for enhancing the value of the real artwork. NFT’s have immensely transformed the life of digital artists. Moreover, many celebrities are going on board and engaging their fans by showcasing their impeccable piece of digital artwork. Like a physical or digital deed, digital art is an application that displays the owner’s name of that one-of-a-kind asset; an NFT token.

Check out the list of all-time favorite NFTs list:

1. Theta

Launched in March 2019, Theta is a blockchain-powered network introduced with the primary goal of decentralizing data delivery, video streaming, and edge computing. As of January 2022, the coin is traded today at $4.18 and is predicted to increase 5 times by 2026.

2. Decentraland

Launched in 2017, Decentraland is a virtual reality platform empowered by the Ethereum currency. The all-time high value of MANA reached $5.85. However, it is currently traded at $2.94. It is an ERC-20 token that needs to be destroyed to receive the ERC-721 LAND Non-Fungible Token.

3. Axie Infinity

One of the most interesting battle games, Axie Infinity, is adhering to blockchain-based trade in which participants from all around the globe own and run the portion of the game. The platform is inspired by renowned games including Tamagotchi, and the famous Pokemon, enabling users to combat, gather, grow, breed, and trade token-based animals known as Axies.

These Axies take distinctive shapes on different body parts, up to 500, including plant, bug, reptile, beast, bird, and aquatic.

4. Chiliz

The NFT was founded in 2018 and is empowered with the first blockchain-based fan interaction and incentives network. The name of the network was Socios.com. Primarily, it is a fan engagement and rewards app enabling fans to engage with multiple teams and clubs through digital assets called Fan Tokens.

Many fans purchased branded Fan Tokens with this coin because of its utmost recognition. The coin is traded at $0.2655 as of January 2022. The best part is that the platform allows fans to engage in conversations with their favorite teams. Incredibly good!

5. Enjin Coin

Introduced in June 2018, the digital asset was launched to underpin the value of blockchain assets such as NFTs. Enjin Coin instantly backs all the tokens created with Enjin Platform. The coin is currency, as in January 2022, is being traded at $2.33.

Also Read: 17 Best Cryptocurrency Brokers

6. Tezos

Tezos is a blockchain network based on smart contracts that allow users to vote on network-related issues such as protocol updates. The platform was introduced in September 2014 and holds the current market price of $4.13 (as of January 2022)

7. Flow

The platform is immensely responsible for developing NFTs, big crypto games, and applications. Flow is a high-performance blockchain designed to scale for numerous users engaging with NFTs such as in-game products.  The platform was created by Dapper Labs, which introduced NBA Top Shots and CryptoKitties blockchain game in the market.

8. WAX

Blockchain-based platform WAX was released in 2017. The primary purpose behind the introduction of WAX was to make e-commerce transactions secure, faster, and seamless. WAX’s current market price is $0.396 (As of January 2022), and an all-time high price was recorded in December 2017 at $5.01.

Also Read: 11 Best Cryptocurrency Apps

9. DigiByte

If you are a cryptocurrency fan, you would know about DigiByte beforehand. Isn’t it? Yeah, we know we are right!

Digibyte is known to be one of the longest-running alternative blockchains that entices artists and developers. Numerous users realized its potential at the time when the prices of the NFTs offered by Digibyte was skyrocketed in a monthly trade volume. However, the main concern is how long Digibyte’s market cap will remain under $1 billion.

Popular NFTs By Trading Volume

Unlike Bitcoin or other crypto coins, the digital assets with distinctive properties are called Non Fungible Tokens. These tokens can be traded with one another, be it art games, land titles, game items, or other physical or digital items.

Top NFT Projects

The best 5 NFT brands you must know about right now are mentioned below:

• WS:NL: NFTee
• Under Armour: Stephen Curry Sneaker
• Masters of Horror: Hellraiser
• Applebee’s: Meta Mondays
• VisitLEX: Non Fungible Thoroughbreds

FAQs

Are NFTs Expensive?

NFTs are expensive as they are among the internet classics. You might have already seen on the internet all the celebrities claiming to own a few NFTs by paying a hefty price. These bizarre tokens represent the ownership of unique items, beginning from paintings to tacos, toilet paper, or real estate under it. These tokens helped many celebrities to grab public attention and created enormous memes on the internet.

According to Ethereum.org, no organization or individual have the right to change or modify the record of NFT ownership or copy/paste a new NFT into existence. They are expensive because they are one-of-a-kind and are not interchangeable due to their unique properties.

For instance, Ethereum (ETH) or USDs are fungible as 1ETH or $1. Plus, these further be exchanged with the items or assets of the same value, which serves similar to a trading card.

Also Read: 12 Best Penny Cryptocurrency to Invest

Most Popular NFT Collections

Malaysian buyers bought one of the most famous NFTs ‘First Tweet,’ while the second most famous NFT was Hasmarks, a collective work of more than 70 artists and comprises 16000+ unique digital portraits. Over a period of 3 days of its introduction, the work paid off to all the artists by selling at more than 100,000% profit and was ranked 5^th in the popular list of 2021.

Another renowned NFT was sold for over $69 million in February 2021, called ‘Everydays: the first 5000 Days.’

How To Buy NFT?

It is important to know in today’s world how to buy an NFT. Isn’t it? The first thing you need to do is connect your wallet to the marketplace. Most marketplaces have a straightforward option on the platform displaying ‘Connect Wallet.’ Once you browse the marketplace and choose the NFT, you like. After selecting the NFT, place the bid for the NFT you want in the auction section of the platform.

You can make payments to purchase NFTs using cryptocurrencies or credit on platforms like Kraken, Coinbase, eToro, or PayPal. The most popular NFTs marketplaces to purchase magnificent digital tokens include Rarible, Foundation, theta Drop, OpenSea.io, SuperRare, Larva Labs, NBA Top Short Marketplace, Mintable, etc.

How Is An NFT Different From Cryptocurrency?

Primarily, NFTs are tokens that are not fungible. However, cryptocurrencies are fungible. Although, they are programmed the same way compared to NFTs. Just like cryptocurrencies, NFTs cannot be traded and exchanged for each other.

Unlike NFTs, cryptocurrencies are always worth the same amount, which implies one Ethereum is always worth 1 Ethereum, and 1 dollar can always be exchanged with another dollar. The fungibility of cryptocurrency makes it a secure way to execute blockchain transactions.

In contrast, NFTs are not like other materials. Instead, each NFT contains a digital signature that prevents NFTs from being substituted for or compared to one another.

How to Produce an NFT Token?

You do not need extensive technical knowledge to come up with an exotic NFT token. Multiple NFT marketplaces allow you to make NFT with your artwork, such as OpenSea, Rarible, or Mintable.

The foremost thing you need to do is get your media ready as the NFT can support music files (MP3), visual files (PNG, JPG, etc.), and much more.  Once you complete this file, the next step is to add it to a minting platform and label it as a Non Fungible Token (NFT). It is done by connecting your crypto wallet to a marketplace for NFTs.

Recommended: 20 Best Crypto Exchanges without KYC Verification

Once you have done this, you need to create a section within your marketplace and upload your artwork as single or multiple collections. The next step is to mention the price of your NFT. By doing this, your art will be tokenized as NFT, and you are good to go.

The future of NFTs is a sustainable business that is viable for everyone in society. The NFT serves as a great platform and boosts the morale of many professional artists to launch their product as an NFT and get a deserving price for showcasing their talent.

In addition, virtual real estate is a serious consideration in our digital world, and NFT provides seamless transactions for modern businesses. So it will be great to see how NFTs will be evolved over the coming years and what changes they will bring to blockchain technology that is trying to reduce their carbon footprint.

The post 50 Most Popular NFT Tokens appeared first on Moneymint.