Guides

The utmost responsibility of any crypto holder, investor, or trader is to keep their coins safe. Of course, cryptocurrency is decentralized, meaning nobody controls your money; thus, you're solely responsible for the security of your digital assets. Mnemonic phrases and passphrases offer a superior means of securing Bitcoin and other cryptocurrencies. Thanks to the mnemonic passphrase, you don't have to worry about keeping your cumbersome private keys to secure your coins.  Despite the importance of the mnemonic passphrase in securing…

Fiat-to-crypto exchanges are a critical component of the industry. These platforms allow users to purchase crypto using traditional financial methods such as debit cards, credit cards, or bank accounts. Consequently, fiat-to-crypto exchanges are crucial in introducing new capital into the market.  There was a time before these convenient platforms existed. For example, to get Bitcoin in its early days, you need to mine for it or trade some service for crypto payments. While this strategy worked fine during the market's infantile…

Decentralized cryptocurrency exchanges (DEXs) are gaining momentum due to their added security, lower rates, and new features. The only problem is that there are so many DEXs available nowadays. So how can you tell what platforms deserve your time and investment?  It's now apparent that DeFi users have an excellent selection of DEXs to suit their investment goals. Luckily, you don't have to wander around the DeFi industry like a blind man feeling out each platform to verify its merits.…

A bear market is a situation in the financial markets where they experience prolonged price declines. These extended periods often lead to massive losses and high risks to risk-averse investors.  An excellent example of a prolonged bear market was the 2007-2009 United States market crash leading some assets to losses of over 50% in value. Since these crashes often lead to investors' losses in the short run, what can you do to protect the money? Or exit the market altogether?…

The introduction of Bitcoin in 2009 marked the start of a new financial era with a decentralized financial control structure that eliminates third parties in financial transactions. However, Bitcoin is more than just a digital currency; it's a revolutionary technology that has helped shape the modern economy.  Bitcoin also helped popularize blockchain technology, which has gained widespread use cases in various sectors, including supply chain services, the Internet of Things (IoT), and reputation systems with the launch of blockchain-based applications. …

Recently, there has been growing interest in ERC-20 tokens, basically the de facto standard for Ethereum tokens. In the Ethereum ecosystem, tokens represent a wide range of digital assets, including IOUs, vouchers, and even real-world assets. In essence, ERC20 tokens are smart contract tokens designed to be used exclusively on the Ethereum platform.  ERC-20 tokens are the primary protocol for proposing improvements to the Ethereum (ETH) network. ERC stands for Ethereum Request for Comment, while the 20 represents the proposal…

Cryptocurrency investments are increasingly becoming mainstream as more investors fight for a piece of the crypto markets. And with increased interest from mainstream investors, crypto trading has gotten quite complicated, marked by intense market volatility coupled with the crypto market's plummeting prices. A wrong move in the crypto market, and you're likely to lose a substantial amount of your investment.  To profit in the crypto market, you must sell your assets at the best price. Also, you need to avoid…

Analysts agree that one of the most significant barriers to cryptocurrency adoption in 2023 is finding reliable and affordable ways to convert your fiat to cryptocurrencies. Unfortunately, converting fiat to crypto isn't as easy as trading crypto directly. Using fiat currency to purchase cryptocurrencies introduces the need for more regulatory compliance in most regions worldwide. As such, users of fiat-to-crypto exchanges need to submit to KYC/AML protocols as these platforms fall under global currency regulations as part of their operating…

As more and more people adopt cryptocurrencies for everyday use, their usage as a store of wealth and investments increases. An experience of more than 14 years and a total market cap of $813B as of January 2023 highlights their increasing preference. However, cryptocurrencies offer some complications when passing on to the next of kin in the event of death. Their digital nature, high level of privacy, and lack of a third party create this challenge. Therefore, a person must…