Which Crypto Wallet to Choose?
Anyone interested in Cryptocurrency finally realizes that they need to build a private wallet. However, this is not necessarily a simple task. There are several different crypto currency wallets including ır hot ı wallets, software or desktop wallets, üzdan cold c wallets and paper wallets. Which of them is the best option?
Each wallet has its advantages and disadvantages. Convenience as security cost. In this article, I presented 5 different wallets. My goal is to help you decide which wallet is best for you.
What to Look for in a Crypto Wallet?
When looking at wallets, look out for several different points. These are cost and security. How easy is it to steal your coins in the wallet? Usability. Is it easy to use and difficult to lose? Is it accessible anywhere, anytime? Is the user-friendly interface designed intuitively? Ease. Does it allow you to do fast processing when necessary? Does it accumulate multiple different coins?
KeepKey - Hardware / / Cold ey Wallet
KeepKey is relatively new compared to other wallets on this list. It is a hardware or fiziksel cold ”wallet, ie a physical device. Hardware wallets are considered safe because they are not connected to the Internet. This protects the wallet from malware, interruptions, and other security vulnerabilities.
KeepKey supports many different types of crypto coins and comes with a standard, easy to use client user interface. KeepKey is the port of the famous Trezor wallet code and firmware. The main difference between the two is the appearance and materials. KeepKey has a 'cool' design and is available for $ 99.
When you start a KeepKey, you receive a recovery sentence. The recovery statement is a backup key for your wallet. If KeepKey is lost or stolen, you can recover your private keys by using the recovery key. However, if you lose your recovery sentence and KeepKey, you will have to say goodbye to your money forever.
To use any hardware wallet, you must connect the device to a compatible PC processor and interact with it using an application. KeepKey works with Electrum and Mycelium along with a Chrome app. This complexity makes the hardware wallets less useful than some other wallet options.
Nano Ledger S - Hardware / - Cold Led Wallet
Nano Ledger S is a well-known hardware wallet. KeepKey as safe. What makes him popular is the relatively low retail price of $ 65. It is also the smallest hardware wallet, which makes it portable and more comfortable than others. However, being so small can make it easier to lose.
Like other hardware wallets, Nano also supports many different encryption systems. It must also be connected to a compatible computer processor, such as a mobile application or browser extension. You also need to safely store a backup statement or lose your money if the wallet is lost or stolen.
Coinbase - Online / Çevrimiç Hot b Wallet
Coinbase is a free ”hot“ wallet. Overall, online wallets are comfortable and easy to use and Coinbase is no exception. Sending and receiving to crypto is simple. It also includes a crypto currency exchange for beginners that you can use for free. In the same interface, you can buy crypts with your national currency.
A unique feature of Coinbase is that it guarantees your funds like a bank. 100% of crypto owners are insured. This increases confidence in coinbase, as hot wallets are more likely to be stolen or captured than cold wallets. However, you can enable 2-Step Verification for further protection;
One disadvantage is that Coinbase offers only Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, TRON and BAT wallets. For now, you cannot store a different cryptogram.
Exodus - Software Wallet
Exodus is a well-known option and is the world's first mobile wallet solution. It allows you to keep your money safely, view the cryptographies you have and convert a coin into a different coin. Exodus supports many different currencies, so it's quite convenient. As with all software wallets, Exodus needs to be downloaded to a personal device. Available for iOS, Android and desktop computers.
With Exodus, as with all software wallets, individual users retain control of their private keys that can be seen in the application. Exodus also uses a 12-word key sentence to back up the wallet. You can use the key sentence to transfer the wallet to a different device or save it when it is stolen.
The biggest disadvantage is that Exodus is vulnerable to the device installed on it. If someone installs malware or keyloggers on your computer, your wallet can be captured.
MyEtherWallet - Paper Wallet
Finally, most importantly, myetherwallet is a paper wallet that supports built-in Ethereum and crypto currencies. Paper wallets are free. Therefore, it is a highly secure option for those who want to have a wallet without paying money.
To create a paper wallet, you need an input address and a private key from myetherwallet.com. For added security, you can download and use offline from GitHub. It is very important to save a copy of the private key in a safe place. The online or offline versions of Myetherwallet do not allow private keyless login. So if you lose yours, you will not be able to access your money.
Although paper wallets are free and highly secure, they require more depth for their correct use. Therefore, the idea of a wallet with a string of letters and a string of letters on the heads of the beginner does not make much sense.
Which one should I choose?
Hardware and paper wallets are not very easy to use, so they are very safe and not recommended for beginners. It's also not a good option if you plan to do too much or send to crypto to different accounts. However, if you rely on cryptopara information and are looking for a place to store money in the long run, then a hardware or paper wallet will be the best option for you.
Hot wallets are also free, but they are simpler to use. Although they are less secure than hardware or paper wallets, I can say that they are suitable for fast processing and small amounts of crypto currency.
Software wallets are a good middle floor. These are free like hot purses. It is safer than hot wallets but less reliable than hardware and paper wallets.
The decision is yours!
I think the main purpose of this discussion is that a wallet is not yet available. Ultimately, the decision on which to use depends on what features are important to you. You should choose one that addresses your most important problems regarding security, comfort, and monetary cost.
source : medium.com
What are the reasons for the change of bitcoin price? Why Bitcoin Rises? Why Fall?
What are the causes of Bitcoin's rise and fall? How do these effects affect the bitcoin price?
What are the reasons for the change in bitcoin price? Crypto currency Although there are many unexplained reasons for the decrease or rise of Bitcoin prices, there are a number of known reasons, which are the factors that directly and indirectly affect the change of bitcoin price, but are listed below.
Supply and Demand Affect Bitcoin
Supply and demand are the main reasons for the change in bitcoin prices, but some additional factors affect the supply and demand, bringing the price of this crypto money up or down. In other words, the price in this asset is determined only by the prices that market participants are willing to pay.
For example, if more people in the market want to buy bitcoin, the price (value) will increase. The price will decrease if more people want to sell bitcoins. The trading decisions of these people are shaped according to the following additional factors.
Bitcoin Reasons for Price Fluctuation
Small option value for large holders of money. Bitcoin fluctuation, to some extent, to the total currency large is performed by.
As the volume of Bitcoin resembles a small stock stock, the currency has not reached the proportions that will allow the large market owners to adopt the mass market that is required to provide the option value.
Security Issues Can Reach the Reasons That Affect the Price of Bitcoin Directly
News on security breaches causes investors to react [As a matter of fact, because it is thought to be direct security, what we call bitcoin, it is natural that security problems may directly cause price decreases.]. When the Bitcoin community reveals the security gaps, the purpose is to close the gap as soon as possible by the community, which is one of the reasons that can bring down the value of Bitcoin.
Bitcoin developers have to show security concerns to the public to produce robust solutions. Neel Mehta from Google Security Team on April 1, 2014 OpenSSL security vulnerabilities and the Heartbleed case, which has a downward impact on Bitcoin with a decrease of about 10% against the US dollar in the following months.
The bitcoin price reflects the trust level of the protocol design as a whole. Then, with the news of security breaches, it would be natural for Bitcoin's value to fluctuate.
From here, we can conclude that positive developments in large-scale impact on bitcoin prices negatively and negative developments adversely affect prices. In addition to give an example:
- For example, once mediating bitcoin trading Mt. gox that the brokerage company called cyber-attacked bankruptcy crypto money the price had drastically decreased.
- Another example is the legal developments. For example, some news about Australia recognizing bitcoin as an official currency had raised prices.
The bitcoin price increases or decreases according to what we can refer to above cases.
Bitcoin is such a strange entity that it can change the price of just about everything down or up. Of course, you need to know that not every news or every development has a lowering and increasing effect on prices.
Therefore, careful monitoring of all positive or negative developments related to bitcoin, in a different way; it is now the ideal choice to understand what is going on, where the resulting development will take place, and then take action.
ICO Vs VC (Venture Capital)
If you're reading this, it's a good idea to have an early company and make money. But what will be better for your company? One option, an old and familiar venture capital (VP), is to raise money from a group of venture capitalists who risk their money in exchange for company capital.
Another option is the “First Coin Offer için (ICO), to raise money worldwide from anyone with enough money to buy a token. Basically, ICO is a form of investment that allows ventures to finance themselves without any commitment to shareholding.
ICO may look like a game changer. If it is possible to save money without it today, why would a person get the company's share? However, there are still a few important hurdles that must be known.
VC vs ICO: Goals
In addition to finance, there are valuable things you can get from VC: consulting, business rules, scalability, contact with wealthy people in the industry, etc. If you are looking for any of these - You can go to VC.
If you are looking for a quick way to make money with as many people as possible, a strong community is more valuable than effective individuals - You can go to ICO.
VC vs ICO: Audience
The easiest way to explain the difference is to compare the ICO between the enterprise and consumer sales and VC between the enterprise and the business sales.
VC investors are experienced business people, they will offer a lot, there is a lot to demand. If you have a perfect idea but no demo, no proper steps, no detailed roadmap - forget about VC, don't buy. You should be better prepared than the ICO case. On the other hand, VC traders are much more reliable, willing to support your project for a long time, and do not expect their investments to return quickly.
ICON investors are everyone. Everywhere. You can get a lot of money from people who live on another continent. It is not necessary to have a working product. It is not necessary to have a record. Nothing. If your idea is sound enough, you will get your money.
However, please note that the nature of the ICO is a rapid trading transaction. For this reason, most of the investors will try to sell the tokens for a quick profit and will leave your project in case of combat against some issues.
VC vs ICO: Requirements
VC - To both powerful personnel and employees, the product, the vision, the well-prepared field, documentation etc. You need it. You should also share a portion of your company (usually at least 20%) after making a deal
ICON - There is no formal requirement to keep the ICO. You decide what and how they will get in exchange for Token owners' money.
VC vs ICO: Geography and Accessibility
VC - VC investors are robust and conservative. They usually prefer companies from the same country. They want you to come to a lot of meetings and sign a lot of papers. Although this is not a problem for US citizens, it can be a serious limitation for third world entrepreneurs.
ICON - No limit, you can get it all from the North Pole to Antarctica.
VC vs ICO: Press and Public Perception
In terms of public perception, VC has a strong advantage. The money out of VC gives you a strong credit of trust and PR, because VCs are much more experienced and they thoroughly control the project before investing. Also, if you find out that after a while the perfect idea is not that good, they will share your situation with you. Because they know exactly what they are spending, they don't involve their feelings, sometimes the same investors can invest in your next project.
In the case of ICO - you will be open to the public. And if you're having a hard time making the product you promised - be prepared to be called fraud on any platform and possibly be blacklisted everywhere, if you come to this stage, you'll hardly have a chance to return here.
Benefits of VC
- Investor Loyalty
- Business rules and information support
- Creating valuable links
- PR credit
Benefits of ICO
- You are free and no equality is required
- No running products required
- No geographic limitation
- Speed - no bureaucracy
What is Initial Exchange Offering (IEO)? And How Is It Different From ICO?
China's 2017 end ICO ban was forced to leave or leave the country's crypto initiatives when it was unable to finalize its search for ICOs trying to find alternative solutions to fund their projects. The projects began to explore the new trend of First Stock Offerings (IEO). This innovation made it easy to raise funds without fear of laws and authorities.
What is IEO?
The First Stock Exchange Proposal, as the name suggests, is carried out on a crypto money exchange platform. In contradiction to the First Money Quotations (ICO), an IEO agrees with the stock exchange to create funds for its public offering on the stock exchange.
Because the Token sale is performed on the stock exchange platform, the token vendor must pay a list fee with the percentage of tokens sold during IEO. In contrast, the tokens of crypto-money initiatives are sold on stock exchange platforms, and crypto coins are listed after the IEO is over. However, as the crypto money exchanges take a percentage of the tokens sold, they try to help the token in marketing.
IEO participants do not contribute to an intelligent contract as governing an ICO. Instead, they have to create an account on the stock market where IEO is running.
IEOs on stock exchange platforms
An increasing number of crypto money exchanges have begun to adopt IEOs. The first place was the Binance launching Binance Launchpad. In January, BitTorrent, purchased by TRON, launched a token sale at Binance Launchpad and raised $ 7.2 million of funds in less than 15 minutes and collected all funds needed to collect the public offering within 15 minutes. Binance Launchpad broke another record in the second IEO, and the second IEO, which was launched for a crypto-money initiative called Fetch.AI, raised $ 6 million in just 22 seconds.
After observing the success of Binance Launchpad, other key stock markets launched their own IEO platforms. IEO platforms include Bitmax Launchpad, Bittrex IEO, OK Jumpstart (OKEx), KuCoin Spotlight and Huobi Prime.
IEO - ICO - what are the differences?
Our infographic with the main differences between IEOs and ICOs:
Advantages and Disadvantages of IEOs
One of the main advantages of IEOs is trust. While the public offering is carried out on a crypto money exchange, the public monitors every project that wants to launch IEO on the stock exchange platform. The exchanges try to protect their reputation by carefully approving the crypto money initiatives.
Therefore, IEOs can prevent fraud and suspicious projects from generating funds through crypto money exchanges. This is an excellent example of RAID IEO. Recently, Bittrex announced the cancellation of the RAID project IEO a few hours before the IPO. The reason why RAID canceled a $ 6 million fund-raising plan was a discontinued partnership between RAID and the e-sports data analysis company OP.GG.
According to Bittrex, the partnership between the two companies was a vital part of the project and when the crypto money exchange was aware of the incident, the token decided to cancel the sale because it was not in Bittrex's customer's interest.
Crypto money exchanges do not have to worry about community security, as they are managing the intelligent contract of IEO. Since the KYC / AML process creates KYC / AML on most customers after creating most of the crypto money exchange accounts, the security is much higher, as it allows the tracking of the crypto money initiative.
Easier for projects
Crypto-lending companies use IEOs more flawlessly than initiating startups on the Exchange platforms, as compared to doing IEOs on their own. Although the crypto has to pay a percentage of the listing fees and crypto money on the stock exchanges, the stock market has provided them with great help in marketing. Therefore, crypto-money initiatives that initiate their IEOs allocate a lower budget from marketing budget to marketing in an ICO. They can also benefit from the stable customer base of the exchanges.
The crypto exchange, in which the IEO is conducted, lists the crypto money on the stock exchange after the end of the IPO. While IEOs seem to be a safer and more efficient alternative to ICOs, costs associated with token sales may be high for beginnings. But it seems a nice choice for crypto money attempts.
How to join an IEO?
Because IEOs are currently rare in the crypto community, it's not that hard to find someone you like. Once you find your preferred IEO, you need to find out which exchanges host the public offering.
The next step is to open an account on the crypto money exchange and complete the KYC and AML verification process.
Once you've done that, browse the crypto currencies you can use to be in the IEO and deposit the crypto money accepted into your account at the public offering. The last step is to wait until IEO starts to receive your tokens.
Will IEOs create the next fundraising explosion?
ICOs created a fund-raising explosion in 2017 and 2018. However, a significant number of crypto projects are operated or suspected by fraudsters. Therefore, in addition to the ICO bans, we can say that this is not an efficient resource-generating model for crypto-currency initiatives.
On the other hand, IEOs provide greater confidence among the crypto-currency projects, because the stock exchanges that host the masses are actively involved in the fund raising process, which increases the efficiency of the mass society. Therefore, IEOs have the potential to become a standard model for fund raising in the crypto field and even create the next fundraising explosion.
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