av kryptoentustiaster
Trading cryptocurrency involves a high risk and you can lose all your money. Be aware of current regulations and risks before you trade.
In connection with cryptocurrency, it can be a good idea to create your own knowledge database.
The reason is that cryptocurrency is a very big topic with many different concepts, so such a card index will no doubt be of great help. At least eventually your knowledge base reaches a certain size.
In this article, we will take a closer look at some of the questions that belong in such a knowledge database. With that said, there is no final decision on what a knowledge base is. Your knowledge database should contain exactly what you need it to contain!
What is cryptocurrency?
One question that it is common for a knowledge database related to cryptocurrency to contain is, of course, the following question: What is cryptocurrency?
Cryptocurrency is a digital means of payment. In other words, it is a form of virtual money, which you can use for various transactions via the Internet.
For example, you can use cryptocurrency to pay for items you have ordered online. It can also be a transaction between you and another person, regardless of whether you know the person or not.
The latter is one of the aspects that distinguishes cryptocurrency from “traditional payment methods” to a very high degree. When using traditional payment methods, it is always the case that both the sender and the recipient know who the other party is.
How many types of cryptocurrency are there?
How many types of cryptocurrency there are is another question that is often asked in connection with cryptocurrency. In other words, this is a topic that many are curious about.
At the time of writing, there are around 1,500 types of cryptocurrency. However, it is important to keep in mind that cryptocurrency is a concept that is constantly growing, so even though the number is 1500 now, it is not necessarily the case that it is the same number 6 months or one year from now.
There are also some types of cryptocurrencies that are more popular than others. A classic example here is Bitcoin. It is the cryptocurrency that can definitely be considered as the most popular means of payment in this field.
But of course there are other types of cryptocurrency as well. A common name for these is Altcoins. This stands for “alternative coins”, and it simply means that they are an alternative to the popular cryptocurrency Bitcoin.
Where can you buy cryptocurrency?
[main]
It is also not a matter of course that everyone knows exactly where to buy cryptocurrency. If this is a description that suits you, then this is another question that belongs in your knowledge database.
Cryptocurrency can be bought on a crypto exchange. The only thing you need to get started with this process is to register as a user on one of the crypto exchanges available.
Some examples of such crypto exchanges are eToro and Binance .
Is cryptocurrency a good investment?
But is cryptocurrency really a good investment? This is a question that has a somewhat ambiguous answer. Investing in cryptocurrency can end well, but it can also end badly.
Cryptocurrency is often associated with high volatility. In practice, this means that the value of the cryptocurrency can both increase and decrease faster than you can pronounce the word «cryptocurrency».
It is no secret that payment methods at the best british e casino have long been a challenge for british e players. This is due to a ban on british banks that was introduced in 2010 by the british authorities. The ban takes effect in that british e banks can not carry out transactions directly …
Even as cryptocurrencies keep growing both in variety and use, there has always been uncertainty about their penetration in Africa. Pessimists have often painted Africa as being highly reluctant of not apprehensive about technologies, especially when it comes to money matters. But today, the Central African Republic has just broken the glass ceiling by becoming …
It is estimated that around 300,000 british have made investments in cryptocurrency, which is a relatively large proportion of the population. For some, the investments are successful, and they may end up with a large cryptocurrency gain. But can you really use the profits from crypto trading on home purchases or the like? At the …
As most people know, Bitcoin appeared for the very first time in 2009, but it would be a few more years before this cryptocurrency took the world by storm. It did not happen until 2017. Although bitcoin had theoretically existed for 8 years before it became known to Ola and Kari Nordmann, it was a …
Polkadot came into the cryptocurrency market just in 2020 but promises to stretch possibilities beyond what has been the norm. Up to this point, much of the available information about crypto is that the blockchains supporting their transactions are independent. In fact, one selling point on the security and safety of crypto is that the …
Cryptocurrency has become very popular in recent years, because it is a form of payment that has been characterized as beneficial by many. With that said, cryptocurrency will not only be used as a payment method. This is also a type of currency that criminals seem to have a sense of . In this article, …
Many people have opened their eyes to cryptocurrency in recent years, but it is not to be underestimated that people have different intentions. Not all of them have clean flour in their bags, and simply have plans to use cryptocurrency for crime . Since cryptocurrency is a decentralized concept where the transactions are not monitored …
When you engage in cryptocurrency, you are introduced to new concepts just as they are. It may be relatively new terms that refer to something you already know what is, or it may be something you have no idea what is at all. Perhaps the term “seed phrase” is such a term for you – …
If you are actively involved in cryptocurrency , it goes without saying that you need a place to store your inventory. This applies regardless of which cryptocurrency you have invested in. Cryptocurrencies can not be stored in the same way as our physical means of payment (coins, banknotes and debit cards), which very many people …
Nobody ever wishes to be told, this item is counterfeit leave alone if it is money. Just for the know, when it comes to money matters, you will be told that it is fake currency. It may be no surprise that someone you know has been a victim of fake money, not because they set …
Cryptocurrencies in their varieties names continue to get a lucrative space in the minds of budding investors. Investors today do not necessarily focus on the traditional stocks but look outwards to something new, a new experience of sorts. The cryptocurrency is an opportunity for such adventure-seeking investors. Today, there are a lot of conversations around …
So many people are getting into bitcoin trading every other day regardless of the divided opinions about it. It is my guess that as you read this post now, you already know someone who has thought about bitcoin investing or is already actively in it. Also, you know that bitcoin provides a new form of …
Staking is by no means a strange word, at least not to anyone who has been through the exciting yet sometimes disappointing streets of betting and gambling. A betting firm will for example give odds and allow you to place money so that if your guess or rather gamble is positive, you get a payout. …
By now you must have already noticed that with the growth of cryptocurrency acceptance, new variants continue to emerge. People are becoming more intelligent and so is the growth of cryptocurrencies. Bitcoin, Ethereum, dogecoin and other existing altcoins are not just strange words on the streets today. As much as people may not know just …
Investing or trading in cryptocurrency of whatever kind is a risky affair. It does not matter whether you are investing in bitcoin, Ethereum, dogecoin or whichever-all of them come with their measure or risk. You have probably read stories of people who lost their hundreds of bitcoins in a single transaction which tells just how …
You, me, and they are in the long process of trying to understand what possibilities cryptocurrency offers different from the traditional paper and metal money. Normal financial systems especially banks across the world have a provision for people to open a shared or rather joint account. There are always properly stated guidelines to be followed …
In 2020, the EU’s Fifth Money Laundering Directive entered into force. In the directive, you can read about a number of procedures, measures and standards that will prevent money laundering in line with the anti-money laundering laws. The procedures also apply to crypto exchanges . Many of the crypto exchanges experienced a large drop-out of …
Having more than one cryptocurrency wallet is something that any smart investor or trader should consider very seriously. You know people have this folly and comfort of having to deal with just one account at a time. As much as it is always a lot easier to control one wallet, this is not the same …
In recent years, many people have begun to open their eyes to cryptocurrency. It is becoming clearer and clearer that cryptocurrency has much greater potential than many first thought . However, it is not to be underestimated that buying cryptocurrency can be both exciting and scary. Therefore, it is extra important to familiarize yourself well …
The safety of your transactions when using bitcoin is something not to be taken lightly. I guess nobody will find it interesting to suffer the cruelty of identity theft or intrusion of your bitcoin wallet by a cybercriminal. For sure, there are increasingly more places where you can spend your bitcoins. As you know or …
Have you tried your hand at various investments, and found that investing in cryptocurrencies is simply not your thing? There is no problem at all – then you might want to try bonding instead! Like cryptocurrency , bonds are an investment product, which many may think is less risky than cryptocurrencies. In this article, we …
The crypto universe is an ever-evolving universe. This has led to it being a bit difficult for some to keep up with the turns. As a crypto investor , you should have a crypto wallet, and this wallet is probably developed on HD wallet technology. This is a technology that can be used a little …
As part of the crypto world, new words and expressions are constantly being introduced. Some of these terms can be quite confusing to some, especially if you have never heard them before, and one of these is the term shitcoin. Is shitcoin the name of a cryptocurrency that is so new that no one has …
Cryptocurrency investment is fast becoming a household name, especially among fortune builders and ambitious risk takers. While a section is purely driven by fear not put money in crypto, others are already doing it graciously and reaping big from their investments. I guess you are reading this post because you belong to the category of …
The company eToro was established in 2007 , and since the beginning, customers’ interest has been in focus. eToro is also very interested in innovation, and they strive to develop (in a positive way) every single day. The establishment of eToro in 2007 took place in Tel Aviv, which is the capital of Israel. It …
