One of the challenging aspects of crypto trading is fluctuating value. Unlike more stable fiat currencies, cryptocurrencies change values very quickly and frequently. Consequently, it is vital for traders to keep a close eye on exchange rates and values. This is where charts come in. Currency exc...
To some, a completely digital form of currency may seem alien. But the cryptocurrency model is very similar to how physical currency works. Individual units of cryptocurrency are referred to ascoins or tokens, and you can also buy a fraction of a crypto coin (like pennies are fractions of d...
Bitcoin was the category creator of crypto-currency and got everyone excited with huge movements in theBitcoin price. That is what happens when it goes from $0.05 to $1,200 in four years. Millionaires get minted! With the initial innovation has come an explosion of'alt-coins'. Bitcoin is ...
As with any type of currency, cryptocurrency can be accumulated and used for any number of different purposes and transactions. Crypto wallets serve a foundational role in enabling crypto assets and cryptocurrency to be functionally useful for individuals and organizations, much like a bank account i...
Before deciding which wallet and custodianship type is right for you, ask yourself these 3 questions: Am I more concerned with having complete control of my coins or having convenient access to my coins? What is my crypto goal? Will I primarily buy and hold? Or will I make consistent ...
What is Multi-Currency Wallet in Cryptocurrency? As evident by the name, a multi-currency wallet can store(or hold) a more than one type of cryptocurrency coins. Some multi-currency wallets allow inter-conversion of currencies that are present in the wallet. For example, if your multi-currenc...
Currently, the most common way of acquiring cryptocurrency is via a cryptoexchange. At a cryptoexchange, users buy a given cryptocurrency either with a fiat currency, such as the US dollar, or with another cryptocurrency. For example, a user could buy Dogecoin with Bitcoin and vice versa. Cr...
If you want to simply convert one currency (crypto or fiat) to another, you can use Binance’s conversion portal. The conversion portal exchange occurs in your Binance Spot wallet. This screenshot is for illustrative purposes only. For current market prices, please refer directly to the provide...
Cryptocurrency is a computer-generated file designed to be a completely digital store of value that isn’t connected to anything tangible in the real world. It’s like currency Short for cryptocurrency, many believe crypto could one day be as commonly used as cash and credit. Rather than paper...
What is a cryptocurrency broker? A cryptocurrency broker offers derivatives products to traders, where traders enter contracts to speculate on the price of digital currency.Cryptocurrency derivativesinclude crypto options, crypto futures, and crypto CFDs. When trading with a crypto broker, you do not...