As Bitcoin threatens to break through its record highs set a few years ago, at least some people are likely to get involved in speculating in them again. Many seem to have forgotten the purpose of Bitcoin: To replace cash. It’s worth understanding what Bitcoin really is and should do, not simply treat it like […]
In a previous article I introduced the types of “wallets” (hot and cold storage) used to hold your cryptocurrencies. Selecting a wallet type will depend on the level of control you want to have over your private keys (crypto addresses) that identify your crypto holdings, and what form of protection you want. You can read […]
This two-part article will introduce you to cryptocurrency wallets. Part 1 will outline the different types of wallets available and Part 2 will describe the differences and how to use them. There are several options for storing cryptocurrency holdings depending on: Your level of comfort with technology How much you have invested in cryptocurrencies Your […]
This is the last of a five-part series to help new investors and traders start and grow a cryptocurrency account. In all five articles I’ve been using Bitcoin (BTC) in my examples for buying, selling, and converting BTC and alt coins. Previous articles covered: How to open a Coinbase account How to buy, sell, and […]
In today’s fourth article in this five-article series, I’d like to introduce you to the often-confusing universe of cryptocurrency addresses. In the first article, I showed you how to get started investing in cryptocurrencies by opening and funding a Coinbase account (Getting Started with Cryptocurrencies). In the second article, I described the steps to buy, […]
Can you buy Bitcoin without a wallet, the electronic or physical “container” the holds your investment? The answer is yes, you can, but there are nuances to consider. Bitcoin emerged after the banking meltdown of 2008-2009. It didn’t gain widespread attention until around 2011, though. Today, many investors and consumers have a basic understanding that […]
One of the biggest questions that people have had when thinking about cryptocurrencies is “why should I?” Why should I be a buyer of a risky asset that’s not backed by anything and what good is it? Of course my answer to the first question is the fact that the dollar and most other fiat […]
In my introductory article about trading cryptocurrencies, I showed you how to open a crypto exchange account with Coinbase. In the follow-up article, I explained the procedures for buying and selling cryptocurrencies, using Bitcoin (BTC) as an example since it will likely be your first cryptocurrency experience. Coinbase, one of the more popular exchanges, makes […]
In my previous article I showed a four-step process for opening a cryptocurrency account on Coinbase, one of the largest and most successful crypto exchanges. This exchange makes it relatively easy to transfer U.S. dollars and other fiat currencies from your bank to Coinbase. Once you have funded your Coinbase account, the next step is […]
Bitcoin, alt coins, cryptocurrency — these terms pop up everywhere these days. If you’re one of the many people who have heard about it, are interested in it, but don’t know how to get started, this article is for you. I will show you in four easy steps how to set up an account that […]
