Author Archives: Roope Kiuttu
Hello! I am Roope "Robert" Kiuttu, the founder and owner of YourOnlineRevenue.com. I created this website back in 2015 to help you to make money online. You can ask me anything and I'll be happy to help you out. I help people daily to make more money online and I love seeing people succeeding. If you want to get my 1-on-1 support and help to make money online as well, get started HERE.
When looking and observing Ripple, it has established itself as a well-known cryptocurrency which is focused on in 2018, wherein with over 80 banks embracing the Ripple platform, it is still considered to opt Ripple as an applicable investment.
In the past 2-3 years, the digital currencies are improving in demand as days increases. The reason behind their popularity is the increase in the price. Today, the most costly currency known worldwide is a digital currency like Bitcoin.
Unfortunately, Bitcoin has its own limitations and it doesn’t solve all problems of the financial sector. As a result, there are a variety of options that are found wherein Ripple coin is one of them.
It is to be noted that Ripple (XRP) was one of the pioneers and one of the reasons behind all the other digital currencies since initially, it was originated in 2004 however it had attained mass attention late in 2012.
Currently, the value of Ripple XRP has been slowly increasing as each day passes. Stating back to a year before, the currency was valued hundreds of times higher compared to the initial value in which it started trading online.
There are many causes behind the demand of Ripple coin, to mention one of them, the investors have provided numerous funds of which it includes Google and many other well-known giant tech companies.
Many huge banks are already using Ripple.
This will, therefore, set a trust issue in the viewpoint of investors for Ripple XRP. This is one of the sole reasons why the investors who are not capable to afford BTC opt to purchase XRP and further fund their money in this currency.
On the same grounds, In order to invest in Ripple, the user will obviously need to have a Ripple wallet. Below, we have researched and found the best ripple wallets.
Here are the types of wallets in which users can choose to invest in:
Basically, these are literally physical wallets which can be either bought online or in stores specializing in this. Most of these type of wallets seem to appear a bit like USB sticks and also have a small screen with very few buttons to enable users to check the funds and moreover execute basic functions.
The most recommended hardware wallets for Ripple is called Ledger Nano S. You can read more about it by clicking the picture below or reading further where we explain more about it.
Ledger Nano S is our #1 recommended Ripple wallet.
Cons:
This is a Ripple wallet which obviously is not substantial but, instead, found online. These are available and found in the form of different applications starting with a user’s phone, tablet or computer, websites which is accessible via internet browser, or, maybe most often, the ones supported on cryptocurrency exchange websites.
Pros:
Cons:
These are wallets wherein user themselves get to store it physically. Moreover, it can be printed out from online generators and be protected by users by keeping it in a safe location.
Pros:
Cons:
There are many more types of wallets but let us know focus on the most important wallets.
When you write down the key to your Ripple wallet, you must take a great care of that paper!
We already mentioned above that our #1 recommended hardware wallet for storing Ripple is called Ledger Nano S. Now we are going to explain everything you need to know about the Ledger.
Currently, when researching into different wallets especially hardware wallets or being frank towards millions of users, they have only one choice when it comes to a decision of storing XRP; beginning and concluding with the fantastic (and extremely popular) Ledger Nano S device.
As users can see, the Ledger Nano S is a very small, compact and very appealing to look at the device in which it has a screen, which not all wallets concerning hardware-based cryptocurrency perform. The Ledger Nano S is magnificently versatile which is definitely useful for users who consider or plan on purchasing and trading multiple cryptocurrencies, besides XRP only.
The Ledger Nano S is, as far as it can be predicted, the unique hardware cryptocurrency wallet which actually supports XRP. It’s a USB device which uses private keys, including an additional security layer and for convenience sake. It initiates support for a multiple of cryptocurrencies also including Bitcoin, Ethereum, and Litecoin.
List of currencies which are stored in the Ledger Nano S:
You can also store Bitcoin and all the other popular cryptocurrencies on Ledger.
As the userboxes the device, he/she will expect to obtain the USB device, a USB cable, manual instructions, and a card related to recovery where users will tend to note down their recovery seed (and this is considered important – moreover, most indispensable viewpoint is that it is also classified as a paper wallet
Despite this, due to a recent burst in popularity (the Ledger Nano S provides and supports the broad range of cryptocurrency coins within a margin) which is therefore halfway related to Ripple’s ever-expansive scope of demand, the Ledger Nano S is therefore on multiple weeks backorder.
Thus, if suppose the Ledger Nano S seems promising to a user, then he/she should place an order as soon as possible. If a user is in a big rush, then placing orders via from Amazon is most probably the best option. On the same grounds, users would aim to set-up a Rippex/Gatehub account to transact and use in the interim.
Ledger Nano S is our #1 recommended Ripple wallet.
In order to make this wallet more safer and secure for users, developers have included in extra features regarding security to it. If possible or if there was a chance that a user loses his/her wallet somewhere or someone steals it from the pocket or from anywhere else than the cyber thief can’t get full access to the Ripple token without permission.
The company has stated and included the option to enable it to be more secure, by simply by allowing users to provide a secure password for the wallet.
The ledger wallet for digital currency has the capability to make the backup of users’ account automatically in order to keep it secure. Therefore, if in case a user loses it or maybe someone steals from the user, he/she can simply get the access to the account. This backup has already been created on the recovery sheet, which is quite different for users with wallets.
Now, let’s dive in on how to go about preparing and setting up a paper-based wallet. Firstly, users will need to purchase some XRP from an exchange site or any other possible alternative in order for users to have tokens at their availability. So, let’s propose that a user has already performed this and currently have around 100 XRP being placed in an exchange-hosted wallet.
Well, right now it’s only just a case of initiating a wallet address for a paper wallet, which then will lead to logging in back into the user’s exchange account and finally proceeding to Deposits/Withdrawals and performing out a withdrawal of, say an example; the whole 100 XRP (users must note that it must be 20 XRP minimum, and after the transaction fees have been taken place/ applied, users, will now be able to sustain the paper wallet’s space on the Ripple Ledger).
As we mentioned above, there is a large variety of hardware wallets on the market. However, some of them have not been 100% safe. That’s why our main recommendations are Ledger and Trezor.
Trezor is also a wonderful cryptocurrency wallet and I am using it myself. It just doesn’t support Ripple so for that purpose you would need to have a Ledger as well.
In addition, I usually recommend diversifying your cryptocurrency funds into several places to allocate the risk of losing any funds.
Trezor is a wonderful hardware wallet but it doesn’t support Ripple at the moment.
Providing more detail into this, we will be going to include and integrate all exchange-based wallets together underneath the same section however it is definite to mention a few of the top established wallets because indeed some sites are much more preferable due to security and other options provided compared to other wallets.
So, frankly speaking; what do we comprehend from an exchange-based wallet? Well, when a user opens an account with a website offering exchanges like, for example, Coinbase, Kraken, or Poloniex, the user will know that the website supports a location which is specific to store each coin type in which the exchange supports.
These are great as hot wallets since they are amazingly quick to access i.e user would just need to log into his/her account and they will pretty much understand along the way), therefore, as long as the user sticks to a well established or highly ranked name (e.g. Coinbase, Poloniex, Kraken, Bittrex, and Bitfinex), they would be guaranteed access and security.
It’s good that you are reading this article and taking the security issues seriously.
It is mandatory to set up a password, enable 2FA (Two-Factor Authentication), and it is obviously necessary to not share these with any other particular users.
One drawback of storing and preserving XRP in exchange-based wallets is that truthfully speaking; the exchange keeps back some control of the users’ funds and there’s a very thin chance that the platform could be invaded in which it could be probable in resulting in a user’s tokens being compromised.
But, in a realistic sense, this would not be possible. Also, Coinbase now has introduced a new feature called the Vault: where the user can store his/her XRP in there and therefore not even the exchange would be able to access them.
On the same grounds, users have another advantage: instant access to funds in the event in which the users would want to buy Ripple (XRP) or sell Ripple (XRP) quickly, along with other sorts of currencies the platform in question provides, for that matter.
Users should take caution and be aware though where if a user would choose to store his/her XRP tokens on an exchange then talking technically, users do not own the coins.
It’s similar to the concept of storing currencies in a bank, in which it is officially yours, but technically-speaking it’s more from the perspective where the bank owes the user money back. This is overall the same side of the cube with cryptocurrency exchange sites.
Exchanges that we recommend to the user community would be:
Cryptonator is a wallet designed and created for the sole purpose of convenience and security. The wallet does not only perform as a single wallet but it also provides and instant exchange feature. This interprets that the user can use it has a wallet and if he.she would want to invest in a different cryptocurrency besides Ripple, the procedures and protocols are very easy to follow
Cryptonator is another option for a Ripple wallet. However, it’s not our recommendation.
Users may not need to use another cryptocurrency exchange because all types of functionality and operations are found here. Users can also trade it for multiple fiat currencies, namely Euros, US Dollars, Rubles and the Ukrainian Hryvnia.
User’s account is all about privacy, anonymity and bank-grade security.
They declare to take all sorts of possible measures in order to keep users’ funds safe and secure. All services which are provided run entirely through secure SSL (HTTPS) connection, user data which are sensitive and critical that is hashed by the SHA-256 cryptographic algorithm.
An extra two-factor authentication with One-Time-Passwords provides an even more secure protocol to a user’s account.
Toast is one of the multiple choices which is fantastic for storing all XRP tokens. It’s a comparatively new site but has speedily made an identity for itself as one of the most secure, easy-to-use, and full on feature wallet with a developing user base.
Even though it is not as well-established as Rippex, one great advantage it provides is that users have the privilege to download this application via smartphone, irrespective of whether a user uses Android or iOS. This is, in fact, astonishing for when users are on the move and if they would want their funds or maybe even better, carry out a transaction.
Also, the Toast phone app provides an easy to use application and is, therefore, provides comfortability to use so, if Rippex seems confusing to some users (wherein some new users have stated it does) then Toast seems an overall a much better fit.
These type of wallets are secured using a PIN code and a certain passphrase. All sorts of data are stored in PouchDB, an open-source database that operates within the browser for the plugin via chrome. This software enables a user to quickly store all their data on a local platform when they are offline.
Users will also need to specify down a certain recovery phrase, which will definitely help users to recover their wallet when if suppose if a user loses his/her passphrase. There is also a chance where a ciphered backup feature, which, therefore, enables all users to sync their wallet to their personal devices.
It is essential that users need to store sensitive passwords, passphrase, and PIN offline. An encrypted USB or a hardware wallet would be perfect frankly speaking as not a single hacker can even execute hacking them even from PC. Users can always write it down in a notebook. It is preferable to not just mention sensitive information on a piece of paper and leave it somewhere else.
It seems Toast Wallet will cipher personal wallet information and makes sure it only belongs on the respected user’s device. There will be no sort of communication with services available externally, which spews out positive light, therefore, a good sign. Taking care of how this is a project which is open source, any user can receive the source code on GitHub if they wish to.
But for now, there is absolutely no way to generate money in this wallet in any way, however, the scenario can and will change in terms of the future. Specifically speaking, the team will slowly invest and capitalize on the project through which are business oriented in the future.
It is clear enough in terms of facts that the Ripple community has been seeking out for such a wallet for some time currently. Even though the wallets which are already existing all do a spectacular job, they don’t appear to be the most attractive ones.
Toast wallet is a common option for storing Ripple but may not be as safe as a hardware wallet like Ledger.
On the other hand, XRP is not an average cryptocurrency. It is a tool designed and ensured to be used by different banks and financial service providers, other than consumers and speculators. With the price surge of XRP this year, many people have seemed to be interested in the project, pretty ironic though.
Providing hope, there is also a feature promoting backup, which enables users to shift the Toast Wallet to a different device. It suggests being a safe answer for storage in the long term for XRP. We do insist users carry out their own research before using this wallet.
It shows that it is perfectly alright and the open source feature seems to illustrate a lot of confidence. But, the user can never be too cautious when it comes to cryptocurrency wallets which are new these days. Toast Wallet is certainly a wallet worth checking out if a user owns XRP.
Following are the main features of this wallet:
The very first and prominent feature of this wallet is that it is found available for almost all different platforms. Users are able to use it despite if they are using Windows, Android, and even iOS. Different applications of this wallet are found available for each platform.
The next mutual benefit of using a Toast wallet is of its ease of use, simple and quick. It is not necessary for multiple users to go through different steps in order to store Ripple XRP compared to other wallets.
Other than this, another benefit of using Toast Wallet would be that it does not take transaction fee and is definitely totally free and available for all users. Users should only have 20XRP reserve in order to process transactions.
Compared to before, there is no particular reason to not to just trust Toast Wallet. Here are some reasons why?
Toast wallet is basically an open-source, therefore it shows the users that the source code is found available for majority public view. Toast wallet is actually not an online wallet and no data is actually sent from the wallet to the company’s online servers. So technically speaking, a hacker has nothing to hack on. Toast wallet usually does not interact well with anything else apart from the Ripple Network.
The wallet has even brought in some good reviews. Not many complaints have been found or shed light on so far, therefore it’s secure to say that toast wallet is valid and authenticate. In any case, the source code is shown on Github for public view.
The Ripple community truly supports the causes and uses of Toast Wallet because it’s secure; moreover, it can be used on any particular device (IOS, Android, Mac OSX, and Windows). It was also popular because from the user’s point of view; it’s easy to use, and not heavy but rather lightweight.
Yes. Users can trust Toast Wallet and here are some reasons to prove it:
All the possible data stored in the wallet is not stored and found in company’s servers.
The wallet is protected using a passcode/phrase and a PIN. Users will also need to mention down a recovery PIN if in case users lose their passphrases.
Users can also reach out to Toast customer support via multiple options as Discord, email, phone, online ticket or social media (Facebook, Twitter). The team in control of customer support is very effective, reliable and users don’t have to halt or wait for too long to get a reply from them.
Rippex is another option for storing Ripple.
Rippex is a label and a brand created and sustained by Netmint Intermediação de Serviços e Negócios LTDA. Services by Rippex are created and developed by a team with boundless and immeasurable experience in IT and when it comes to dealing with assets digitally.
A Rippex account enables users to transact deposits and withdrawals to and from accounts in Ripple, therefore users can transmit different payments to other Ripple accounts, trade (buy and sell) several assets.
Different services being provided are:
Enthusiasts of cryptocurrency choose to use a desktop wallet in order to protect their earnings. This is definitely applicable accurate for anyone who holds XRP right now, as a desktop wallet offers the end user in complete full control of their holdings. Giving more importance, the Rippex wallet is now available for Windows, Macintosh, and Linux, which will be of tremendous joy to a lot of holders of XRP.
What is even more chief is how the Rippex wallet is definitely an open source and the code is easily available on GitHub. In terms of security, the Rippex team enables inessential infrastructure for the online constituent of the wallet.
Users can, therefore, sign up for an account online and reserve their funds that way, or import it to the desktop version of this wallet depending on the user. Presenting different options at one’s disposal can be seemly irreplaceable.
There has been a recent debate on how brokers would want to change their position on cryptocurrencies and therefore actually offer a wallet service. This interprets that with few brokers, users can now trade bitcoin as a CFD, wherein also own the underlying product.
Moreover, this is still not fully functional yet, many brokers are aiming to develop the idea of beginning and start trading cryptocurrencies. On the same grounds, eToro is a broker who has mentioned many times about this, and it seems that the idea has been carried forward either this year or next.
Apparently, users can only purchase these cryptocurrencies as a CFD through eToro.
In this chapter, we are going to present you Exarpy. It’s a web wallet so it’s not the most secure way of storing Ripple. Therefore, we recommend that you only store a relatively small amount of Ripple in your Exarpy wallet.
This is an intriguing wallet wherein it is not downloaded but rather a web-based desktop wallet. The site is interactive so users can use it on their mobile web browser as well. Exarpy does not usually allow physical position holding of funds but rather provide the application for users to transact on the Ripple network. Before, the wallet charges a flat fee of 0.025XRP per transaction.
This also involves the Ripple network fee so basically, there are no hidden charges. In comparison to a bank account, the Exarpy wallet enables users to PIN code. This is a set of 16 numbers which is linked directly to the respective user’s account. It is essential for users to keep this PIN somewhere safe or they will not be able to open and access their account again. It is ciphered so that the account will not be recovered back without this.
One option to store your Ripple is just to leave it on an exchange. It may not the safest strategy but it’s one option. Anyway, all ways to store Ripple (or any other currency) involves some kind of a risk and there isn’t 100% secure way to hold any money.
Even if you would be holding cash, rats, cat or a dog may eat them or a fire may destroy the money.
If you prefer holding your cryptocurrencies on an exchange, then you are moving the risk for them. If the company messes up something badly, you lose money.
Binance is still known as one of the best exchanges in the world and at the moment the daily trading volume on Binance is the biggest compared to any other exchange. Their CEO is well-known in the cryptocurrency industry with a good reputation.
Read more about Binance on my comprehensive review here or click the image below:
Binance has also a very low fee structure. Only 0,05% fee per trade. It’s only 5 cents for a $100 trade.
So, if users are seeking out for fast, easy, and secure (although truth be told, it is not quite as secure as the other options if carried out properly), storage for Ripple (XRP) tokens then few of the many exchange-based wallets could actually be the the best Ripple wallet for you, especially to those of you who plan on trading (buying and selling Ripple).
On the other hand, if users choose to purchase Ripple in large quantities then one of the other alternatives could probably be best suited to a user’s needs. Regarding in this case, the best option to do would be able to keep the volume of XRP tokens far away in a cold wallet like Ledger Nano S.
Then convert it into a smaller amount to trade with, in a hot wallet (most probably exchanged based; generally on the exchange that users can do their trading on). It is essential to remember that the wallet and bank analogy mentioned from before and link to this.
Note: Some parts of this article were written by me (Roope) but most of it was written by other cryptocurrency experts.
How have you stored your Ripple (XRP) tokens?
What are your Ripple (XRP) price predictions fo 2018 and 2019?
What is Cryptopia? Is Cryptopia Safe? Is Cryptopia a scam? How to use Cryptopia?
If you have been looking for answers to any of these questions, you have come to the right place. In my brutally honest Cryptopia review, I will answer all your questions about this cryptocurrency exchange. I will also share my own experiences when of using their platform.
I am sure you’ll find this article helpful and valuable. If you have any further questions after reading this article about Cryptopia or cryptocurrency exchanges, in general, feel free to leave them below and I will be more than happy to help you out.
Cryptopia Homepage. (Click the Image Above to Get Started.)
Name: Cryptopia
Website: www.Cryptopia.com
Founded: 2014 in New Zealand by Adam Clark and Rob Dawson
Type: Cryptocurrency Exchange Platform
Short Review: Cryptopia has operated already for +4 years and they have established their place well in the cryptocurrency space. Every single day cryptocurrencies worth of millions of dollars are exchanged on their platform and the number is growing. Personally, I have solely positive experiences of Cryptopia.
That being said, their fees are a bit higher than on Binance which is the biggest cryptocurrency exchange in the world and also my #1 recommendation.
I also created a video to answer all your questions about Cryptopia. In the video, I also walk you through how you can easily start trading on this crypto exchange.
If you are interested in cryptocurrencies, don’t hesitate to subscribe to my YouTube channel where I share daily cryptocurrency videos, tips, advice, reviews and much more.
Cryptopia is a cryptocurrency exchange that was founded in New Zealand by Adam Clark and Rob Dawson back in 2014. Since then it has grown fast like many other exchanges in the industry and now they have established their position in the top 50 crypto exchanges in the world.
In addition, they have probably the biggest availability for different cryptocurrencies. Personally, I don’t know other exchanges that would support as many coins as Cryptopia even though I have tried around 10 major exchanges.
Cryptopia has a few big benefits and in this section, I am going to show you 3 of them. Of course, there are also other benefits of using Cryptopia but I’ll just concentrate on these 3 to keep my article shorter.
Cryptopia supports hundreds of different cryptocurrencies. There are so many different ones that I don’t even close them all. Name any cryptocurrency and you will find it on Cryptopia for sure
Actually, the first time when I started using Cryptopia the reason was that I couldn’t find a specific cryptocurrency on any other exchange. I found it on Cryptopia, I registered there and bought that easily on their exchange.
You can trade hundreds of different cryptocurrencies on Cryptopia.
I know that there have been some cryptocurrency exchange scams in the past. However, Cryptopia is certainly not one of them. They are a legitimate company that was founded already back in 2014 so they have operated for several years.
During 4 years they have served numerous clients including myself. I had solely positive experiences of Cryptopia.
Cryptopia is not only a cryptocurrency exchange but they have also various additional features on their website. One of them is a marketplace where you can buy and sell different kinds of products.
In the marketplace, there are categories like:
Cryptopia Marketplace
Cryptopia has also an active forum where you can connect with tens of thousands of cryptocurrency investors and enthusiasts from all over the world. You can see in the image below that even though the forum is huge, it’s well-organized under different sections and topics.
Cryptopia provides an active forum that connects tens of thousands of cryptocurrency enthusiasts and professionals from all over the world.
Cryptoia works in a similar way like any other cryptocurrency exchange. You can easily make deposits using other cryptocurrencies.
Here are simple step-by-step instructions. If you need any further help, you can, of course, ask me in the comments below and I’ll be happy to help you out.
You just need to follow these simple step-by-step instructions. Actually, when I started on Cryptopia, I didn’t even need to search for any tutorials because it works in a similar way like almost all crypto exchanges that I have used.
Cryptopia trading fees are as low as on Gate.io but not as low as on Binance. It means that your fee for trading crypto-crypto pairs is only 0,20%. If you sell/buy some cryptocurrency worth of $100, you’ll only pay $0,20 in fees. If you exchange for $1,000, you’ll pay only a $2 fee.
In the other words, the trading fees are quite low on Cryptopia.
However, they have received some criticism because of their withdrawal fees. In general, their withdrawal fees are a bit higher compared to other exchanges. If you are withdrawing big amounts, a withdrawal fee doesn’t make a big percentage but if you are withdrawing small amounts, that may make quite a significant percentage of the whole transaction.
Fees are one reason why I am a long-term investor instead of a short-term trader. If you are trading and transferring your funds on a consistent basis, you may end up paying a huge amount of fees in the long run. As a holder, your fees won’t be so big overall.
There are a few different ways to get in touch with Cryptopia support:
Cryptopia has also an active Facebook page with more than 38,000 followers. You can send them a message and they reply typically within a few hours.
When writing my own reviews on YourOnlineRevenue.com I always have a look at what other people are saying about the company. I also do my own research before I even try any cryptocurrency exchange. That’s why I can always avoid scams and stay safe in the online world.
Therefore, I also took a look at Cryptopia reviews as well. Many people say that it’s a completely legitimate cryptocurrency exchange. Take a look at the example below:
Sheepshearer7 had positive experiences during 8 months when he had been using Cryptopia.
Of course, there are also some negative reviews of Cryptopia. I noticed that the most complaints were there because of the challenges with the customer support. Sometimes it responded slower than the clients would have wanted.
One of my best friends has worked in a major cryptocurrency exchange and he explained me the reason why may be many negative reviews sometimes. When a client is frustrated, he goes and writes negative reviews saying, “Scam! Scam! Scam!” Then after a little while, the issue gets resolved but the client forgets to remove it from the Internet.
That’s how most negative reviews appear on the Internet. I have noticed that there are negative reviews of all cryptocurrency exchanges because of that reason. Even one of the biggest cryptocurrency exchange in the world, Coinbase, has average ratings of 1,1 out of 5 for that reason.
Cryptopia is a legitimate New Zealand based company that has been operating in the cryptocurrency space already for more than 4 years. They have now established their place in the cryptocurrency world and daily trading volume is usually over $15 million.
In my opinion, Cryptopia works the best for buying more rare cryptocurrencies that you can’t find on the major exchanges. My #1 recommended cryptocurrency exchange is Binance that is also the biggest exchange in the world by trading volume.
However, you can’t find all rare altcoins on Binance. That’s where Cryptopia comes to the picture. Another drawback with Binance has been that you couldn’t use fiat currencies (euro, dollar, pound, etc.) on their exchange. Recently, I heard an announcement that also Fiats would be available on Binance. But before that, you can always use Coinbase which also provides $10 sign up bonus for new members.
Personally, I have had solely positive experiences of using Cryptopia. It was easy to deposit funds and buy my desired cryptocurrency on their exchange platform.
Have you used Cryptopia?
What is your favorite cryptocurrency exchange platform?
What is Trezor Hardware wallet? Is Trezor safe? Is Trezor a scam? How does Trezor work?
If you have been looking for answers to any of these questions, you have come to the right place. I have made an extensive research of Trezor, I have used it myself and in this article, I am going to reveal everything you need to know.
Trezor Homepage. (You Click the Picture to Go There Yourself.)
Name: Trezor
Website: www.Trezor.io
Created: 2013 (The Oldest And the Most Original Hardware Wallet)
Type: Original Cryptocurrency Hardware
Short Review: Trezor is my #1 recommendation if you are looking for a secure way to hold your cryptocurrencies. If you want to minimize the risk of losing your hard-earned money, I recommend that you acquire one Trezor where you can hold your funds safely. It’s easy to use and you don’t need any technical knowledge for it.
Trezor is an original cryptocurrency hardware wallet. It has the reputation as the safest way to store cryptocurrencies. The company started working already more than 5 years ago and since then they have established a great influence in the cryptocurrency world.
Before we move forward, I want to point out a few big benefits of Trezor wallet. Of course, there are much more benefits than just these 3 but these are the some of the most important reasons why I am using Trezor myself.
Hardware wallets have the reputation as the safest way to store cryptocurrencies. Trezor has probably the best reputation among hardware wallets.
Trezor is known as the safest way for storing your cryptocurrencies.
There are also other cryptocurrency hardware wallets but Trezor is the original one. After they created the hardware wallet, also other companies started doing that. The most famous “competitor” is probably Ledger Nano S. Then there are other ones like OpenDime, CoolWallet, KeepKey, etc.
Despite the competition, Trezor is still the most trusted cryptocurrency wallet. Personally, I think that other alternatives can be good. However, sometimes people have reported that their other hardware wallets have been hacked.
Therefore, if you want to have the safest hardware wallet, your choice is Trezor.
That’s why I also bought Trezor myself instead of another one. I may buy also other ones because I am a cryptocurrency enthusiast/influencer so I will show to other people more in detail how they work and make comprehensive comparisons.
But if you are just a regular user, then Trezor would be enough for you.
As I mention a few times in this article, I was surprised how easy it was to get started with Trezor. I was prepared to study the use for a while before getting started but it was actually very easy.
I think that even a little child will be able to use Trezor. That’s how easy it was.
Let me compare two situations:
1.You hold your cryptocurrencies in an exchange.
2.You hold your cryptocurrencies in a hardware wallet.
In the first scenario, you hand your money to a company and say, “take care of my money”. Basically, they promise to hold your funds safely and return them back to you when you request them. If you use exchanges, my #1 recommendation is Binance.
However, there have been numerous situations when cryptocurrency exchanges have been hacked and members have lost their funds. Hackers have a huge incentive to try to hack a crypto exchange. There are thousands or sometimes even millions of people’s money in one place.
Cryptocurrency exchange like a huge jackpot for hackers. On the other hand, hackers don’t usually want to waste their time trying to hack one random wallet that may or may not have some money.
Trezor hardware wallet is the known as the safest way to store your cryptocurrencies.
When you hold your cryptocurrencies in your own wallet, you have the whole power over your funds. You are not handing your money to somebody else but you are having control yourself. When you hold your cryptocurrencies in a hardware wallet, it’s basically impossible for hackers to reach them.
The biggest risk for you is that you make a mistake and lose your private key or give it to somebody else. A private key is the most important thing when you are holding your cryptocurrencies. If you lose your private key or give it to somebody else, most likely your funds will be gone.
That’s why you should always hold your private key in a very secure place that only you use. If you have dementia, you probably shouldn’t hold your cryptocurrencies in your own wallet. But if you want to control your own money instead of handing the control to somebody else, you should certainly have your own cryptocurrency wallet.
I was surprised how easy it was to use Trezor. I was prepared to study for an hour or two how to use it but it actually took around 10-15 minutes to set it up. It was way faster and easier than I had expected.
Here are short instructions to get started:
1.Open Trezor package.
2.Go to http://trezor.io/start
3.Follow their step-by-step instructions
4.Voilá, you’re done!
The only purpose of the Trezor hardware wallet is to secure your cryptocurrencies. The company has been able to deliver that purpose very well. They also provide clear and simple step-by-step instructions on their homepage on how you can set up and start using the Trezor wallet.
Below you can find my unboxing review of Trezor. I recorded it right away after I received the Trezor wallet to show you how it looks like.
I have also embedded the video below that walks you through the first steps of using Trezor. I want to remind and underline that I was surprised how easy it was to start Trezor. I thought it would be technical but it was literally as easy as 1-2-3.
Trezor supports all most common cryptocurrencies and also ERC-20 tokens. Here is a list of cryptocurrencies that you can store in Trezor at the moment:
As you see in the list, they also support a few more rare cryptocurrencies like Dogecoin and Namecoin. Personally, I don’t recommend investing in those ones but if you are holding them, you can securely hold them in Trezor.
If you are wondering what are ERC-20 tokens, let me clarify. ERC-20 is a technical standard used for smart contracts in the Ethereum network. So, the applications that were built on the Ethereum platform use ERC-20 tokens. For example, BitDegree, carVertical, MedicalChain and actually hundreds of other cryptocurrencies are ERC-20 tokens.
In the other words, you can store almost everything you need in Trezor.
You can store all most common cryptocurrencies and also some rare ones in Trezor.
In my experience, Trezor support is great. They answered all my questions promptly and they were polite. I had some challenges when receiving my Trezor wallet because of the Turkish customs but Trezor company handled the situation still quite well.
You can contact Trezor support easily on their website by leaving a support ticket and describing your issue. I recommend being concise and brief in your support request. Cryptocurrency companies like Trezor receive a huge number of support requests every single day. The more clear your message is, the easier it is for them to help you out.
Trezor has also a comprehensive FAQ page where they answer most of your questions. I received an answer to most of my questions on their site but contacted Trezor support when I noticed that my Trezor wallet got stuck in the Turkish customs.
Another famous option for hardware wallets is Ledger Nano S. That’s also a good alternative and one good option is to buy both Trezor and Ledger.
However, if I would need to choose only one of those hardware wallets, I would choose only Trezor. At the moment, I own only Trezor because I can’t really even have Ledger. Their delivery times are so long that I couldn’t even have received it. I am constantly moving from one country to another (I am a digital nomad) and Ledger may take even months to deliver.
If you want to buy 2 hardware wallets, I recommend buying them both. If you want to buy only one hardware wallet, I recommend buying only Trezor.
Ledger Nano S is the most famous competitor for Trezor. However, Ledger doesn’t have a reputation for being as good as Trezor hardware wallet.
Trezor is the most trusted cryptocurrency hardware wallet in the world. They provide the original hardware wallet and over the years with updates they have been made it even better.
So the answer to the question in the title is: Yes, Trezor is safe.
It’s basically impossible for anyone to hack it unless you voluntarily give them your private key and password. If you don’t give the private key for anyone, your funds should be very safe with Trezor.
Have you used Trezor hardware wallet?
What kind of experiences did you have with Trezor?
If you have any questions regarding Trezor or securing cryptocurrencies in general, leave them below and I will be more than happy to help you out.
If you have been looking for a comprehensive SafeCrypt ICO Review, you have come to the right place! In this article, I will be reviewing this interesting cryptocurrency.
I will answer all your questions and eventually evaluate the question, “Is SafeCrypt (SFC) a Good Investment?” I am 100% sure that you will find this review helpful and valuable.
SafeCrypt Presale and ICO Are Going on Now in 2018. You Can Click the Image to Participate And Get Bonuses.
Name: SafeCrypt
Website: www.SafeCrypt.com
Project Started: Early Developments in 2016. ICO in 2018.
Type: Cryptocurrency Exchange Platform
Short Review: SafeCrypt is one of the most promising ICOs that I have seen for a while. They are entering the market that has a potential to provide huge profits. I have invested in their ICO and I keep on following with the excitement how big profits this will generate.
That being said, I always want to remind that investing in cryptocurrencies involves risk. If you don’t want to take any risks, just follow my #1 recommendation for making money online.
In order to give you a more comprehensive picture of the SafeCrypt ICO, I also created a YouTube video where I explain the key details. You can take a look at it below and I am sure you will find it helpful.
SafeCrypt is building a cryptocurrency exchange that is aiming to solve a huge challenge in the industry: Safety.
Cryptocurrency exchanges are one of the fastest growing industries in the world right now. The cryptocurrency market capitalization has grown dramatically and so many new people have been flowing in which has made also huge profits for crypto exchanges.
Millionaire Mike Novogratz said, “Cryptocurrency exchanges are literally printing money. It’s so profitable business.”
However, all crypto exchanges haven’t been so safe and there have been numerous hacks over the years. Almost all of the SafeCrypt members have lost their money because of the hacks in the exchanges. One of their programmers has actually lost 125.7 BTC when the MT.Gox was hacked in 2014. Nowadays it would be worth more than $1 million.
I, personally, have been lucky because my funds have never been stolen but I have friends who have lost money when their money was in the exchanges.
SafeCrypt wants to provide the best solution for this safety problem. If it will even partially succeed, this will make huge profits for early investors.
The picture below is taken from their whitepaper and it explains how the exchange is going to work. I know that it can feel a bit technical and overwhelming. That’s why I recommend taking a closer look at their whitepaper.
SafeCrypt public pre-sale has started today 26.3.2018 and I have invested there right away. Early investors receive nice bonuses for this ICO.
Sometimes people overlook the significance of ICO bonuses. Let’s say for example that you invest $2,000 in the SafeCrypt ICO and get 10% bonus. That’s $200 right away for free. Even if the token wouldn’t make any gains when it hits the exchange, you have still earned $200.
Actually, SafeCrypt provides even better bonuses than 10% for early investors. Read more details on their website and join their Telegram group.
If you invest in a “group”, you can get even 50% bonuses. You don’t need to know those people personally in order to participate in a group. You just put the same code that they put and you receive the bonuses. I found a group of Telegram and received 45% bonus during the pre-sale.
“A maximum of ~1075m SFC will be publicly available for purchase.”
As you can see in the screenshot above that’s taken from their whitepaper, you can participate in the ICO using 44 different cryptocurrencies. When their exchange will be eventually built, there will be even hundreds of available cryptocurrencies but 44 is already a great start.
In the picture below, you will find the token distribution of SFC tokens:
SafecCypt Token Distribution.
Most of the tokens (70%) are issued during the pre-sale and crowdsale phases. Some of the tokens will be later bought back to the company providing profits for the investors. I will explain this buyback program more in detail further in this article.
The SafCcrypt project has started already in 2016. You can find all the details on their website and whitepaper. That’s also the first time when they received funding for their project and formed the core team.
The problem in the market was obvious already back then. Cryptocurrency exchanges were hacked sometimes and users lost some money. That’s why SafeCrypt wanted to provide a better solution, a safe crypto exchange, for that problem.
In the picture below you can see what is coming in the near future (Q2 2018, 2019 and onwards) in the SafeCrypt project:
SafeCrypt Roadmap for the Near Future.
As you can see in the picture, many events will be happening soon with their project. At the moment, we are still at the end of Q2 2018 and their pre-sale of tokens has started.
Those who invest early in great projects make the biggest profits. When big masses have invested, it’s impossible to make huge profits anymore. Let me explain more in the next chapter.
As I explained above, cryptocurrency exchanges have been extremely profitable businesses recently. They haven’t been only profitable for the founders but also for those who have invested in them.
Have you heard, for example, of two major cryptocurrency exchanges called Binance and Kucoin? Both of them are relatively new companies but they have grown extremely fast.
In addition, they have issued tokens that play a function within their exchange. If the exchange does well, token holders benefit. Those tokens can be exchanged like any other cryptocurrencies. Let me just show you what kind of profits Kucoin Shares and Binance Coin holders received in 2017.
Binance Coin literally exploded. 200 times gain in 5 months in 2017.
The price of Kucoin Shares went from $0,60 to more than $20 in 2 months. That’s +33X profits!
Can you imagine what kind of gains those crypto tokens made in just a few months? If you would have invested in Bankera coin just a measly $1,000, you would be $200,000 richer now (supposed that you sold them in dollars).
Imagine if SafeCrypt makes even a little bit similar gains like Kucoin and Binance tokens? Even though they wouldn’t achieve similar success stories like Kucoin and Binance, they still have a huge potential to grow. Big profits within a relatively short period of time are completely possible.
Actually, SafeCrypt feels almost even as good as Bankera ICO that gained huge popularity a little while ago. They raised around $150,000,000 during their ICO. The time will show how much SafeCrypt is able to raise but I believe that the amount will be quite significant.
SafeCrypt team is going to buy some of the tokens back in order to stabilize the token price. That will itself provide good profits for the ICO investors. Let me show you a little glimpse of their whitepaper that explains their buyback program:
SafeCrypt is going to purchase some of the tokens back providing nice profits for early investors.
You may be wondering how they are able to “almost guarantee” profits for investors. I was also thinking about that question and I decided to ask from their team members on the Telegram chat. Have a look at our discussion in the picture below:
SafeCrypt team member explained me the idea of the repurchase program more in detail.
I like his argument, “Is safe by design cryptoexchange on the constantly growing multi billion dollar market capable of generating profits, is that the question?”
He points out that SafeCrypt is going to buy back the tokens with the money that they generate from the exchange. It’s a multi-billion dollar market and even if SafeCrypt would partially fail, they would still make big money. With a pessimistic prediction of market share of just 0.9% SafeCrypt.io will be able to generate $43000 daily on fees.
That’s why Mike Novogratz probably says that cryptocurrency exchanges are literally “printing money”.
Buyback program is actually commonly used with cryptocurrencies. For example, Binance and Sharpay use the similar system as well.
SafeCrypt has received very positive reviews on numerous cryptocurrency-related website. Let me show what ICOBench gives for SafeCrypt:
SafeCrypt ico review on ICOBench. It’s one of the highest-rated ICOs there with an average rating 4,7 out of 5.
ICOBench is only one example because ICOHolder.com and many other people have given it a great rating.
Even though you always need to take such reviews with a grain of salt, it still gives you a slight indicator whether or not this project has any potential. When it comes to SafeCrypt, we can see that it has a great potential.
In my opinion, yes it is. That’s why I have invested in SafeCrypt ICO. I see that it has huge potential for growing and providing profits for initial investors.
The past has shown that those who invested early in the cryptocurrency exchange tokens have made huge profits. Of course, there are risks and anything can happen along the way but in my opinion the rewards outweigh the risks in this case.
What do you think about SafeCrypt?
Are you going to invest in their ICO?
(DISCLAIMER: This article is not an investment advice. It only represents my personal opinion of SafeCrypt ICO. You have the full responsibility of your own investment.)
Are you looking for a brutally honest PokerStars Review? Are you sometimes asking yourself, “Is PokerStars a Scam?”
In this article, I am going to reveal the truth about PokerStars and share my own experiences with them.
PokerStars has big promises but don’t let them fool you. Their only purpose is to try to lure you to spend more and more money on their site.
Name: PokerStars
Type: Online Casino
Short Review: Unless you want to set all your money in risk, I recommend avoiding them like a plague. When I tried to withdraw my money from PokerStars, I needed to send 20 emails to them, spend endless hours trying to reach their support and I still lost money in the process even though I didn’t play a single game. Anyway, I was lucky because some people were never able to withdraw their money from PokerStars.
If you are looking for real and legitimate ways to earn money online, I highly recommend taking a closer look at this money-making opportunity.
PokerStars is one of the biggest online casinos in the world. They have been around for years. Big names in the poker industry like Daniel Negreanu get paid for promoting PokerStars. Actually, PokerStars has been aggressive with their marketing while acquiring famous affiliates to promote their company.
First, let me explain the reason why I am writing to you today about the PokerStars. Then I am going to share my own and other people’s experiences with them. Those experiences will explain why you should really avoid them as much as possible.
If you have been a regular reader of my blog YourOnlineRevenue.com, I write about different make money online opportunities that would help my readers to make money online. One way to earn (and also lose) money online is online poker. I haven’t written about this subject much because I don’t want to promote casino businesses.
Before I made lots of money by playing online poker but I wasn’t a Christian back then. When I became Christian, I threw all my poker books in the trash can and stopped playing poker completely.
I didn’t like the whole mentality in the poker industry. A more “intelligent” person takes money from a stupid one and the casino wins always. Many people ruin their lives and end up in troubles because of this industry. In addition, alcohol and half-naked women were also often related to the poker industry.
Anyway, I recently thought that I would try PokerStars after a long while. I quickly realized it wasn’t a good decision. I tried to withdraw my money as fast as possible but it wasn’t so easy. Let me explain how did it go.
I deposited $200 to my PokerStars account and wanted to test how it works. However, when I tried to join the table, it just showed the following window:
This window always appeared when I tried to play or withdraw my money.
It simply says the followings things:
I contacted the support immediately and asked what this is all about. The process took much more than “minutes” like they promised. It actually took 2 weeks and hours of my time to get it back.
Even though I got my account unlocked in 2 weeks, it took even more time to get my money back. They just kept on holding my money and asking for more and more documents.
It always took around 1 day to get an answer from the PokerStars support team.
In the first email, they asked me to send the following documents:
I sent them my passport and bank/credit card statement (for me it’s the same document because the card is linked to my bank account). However, they weren’t satisfied with the statement because it didn’t show my credit card number.
My bank doesn’t provide statements that would show the credit card number. This was a problem with PokerStars. They asked me to send more and more documents and screenshots from my bank account and credit card.
I think that I eventually needed to be sent 7-9 documents before they unlocked my account. Sometimes they asked the same document twice. You can imagine that it started to get a bit annoying, especially when you can read hundreds of negative reviews of PokerStars online where customers explain how this website has scammed them.
Take a look at my email box and the discussion with PokerStars:
I sent messages to PokerStars every day for ~2 weeks in order to withdraw my money. I didn’t play even a single hand on their website.
NOTE: All the messages and emails that I show in the picture above were not enough to get withdraw my money from PokerStars. I still needed to send them numerous emails before succeeding. I would call it bullying.
When I made a deposit to PokerStars, it was +166€ ($200,84). When I tried to withdraw it after two weeks it showed that I can withdraw all my money it would be only 158€. In the other words, I lost 8€ with their conversions.
7€ is just a little money and that’s not all. I lost hours of my time when trying to get an access to my funds again.
I sent around 15 messages to PokerStars, took numerous screenshots, found many documents, needed to contact my bank and other annoyances in order to get the money back. We can confidently say that it took at least 4-5 hours in total to get all of this done.
If I earn $30/hour, it means that I lost $120-150 when “fighting” with the PokerStars support. If I earn $50/hour normally, I lost $200-250. Not a good experience, huh?
Conclusion: I lost hundreds of dollars because of PokerStars. It feels like they want to bully you until you give up. Many other people had exactly the same experience.
As a result, I will avoid PokerStars like a plague and concentrate on more profitable ways to make money online.
I didn’t play a single hand (fortunately!) on PokerStars and I am glad I didn’t. I don’t want to give them a single euro because of how they treat their clients.
I decided to look what other people are saying about PokerStars and I realized that almost everybody has negative experiences with them. Pretty much the only people that are saying something positive about them are their affiliates who earn money by promoting PokerStars.
Let me list some average ratings that they have received from hundreds of customer reviews:
PokerStars is receiving the worst reviews that I have ever seen even though I have already reviewed +400 companies.
Remember that these are honest and genuine members who have used their services. Of course, I also found tons of reviews that were praising PokerStars but I saw that they were affiliated with the company. PokerStars pays high commissions people for promoting them.
That’s why many poker website owners like to praise them. They know that when somebody joins PokerStars through their links, they earn good money. That’s how people make money online with affiliate marketing.
Yes, good players rip off worse players in online poker. The money moves from bad players who make lots of mistakes to better players and the casino takes their part as well. Sometimes both players lose and the casino is the only one who wins.
I am a skillful poker player and before I was a Christian, I made good money by playing poker. I also know many people personally who have made their living by playing poker online.
That being said, it’s not as glamorous as you might think. Personally, I don’t recommend online poker. Read further why!
First, nowadays the level is much higher in the online poker than, for example, 10 years ago. Even in the small stakes poker tables players are much tighter and careful than before. 10 years ago you could have just followed a simple formula and make money mechanically over the time course. Nowadays it’s not possible because opponents are stronger.
Second, after talking with numerous people who make the living by playing online poker, I have found that in the long run, it’s not so fabulous in the long run. You are just staring the screen and trying to make money from other people. What kind of value are they providing for the society? What kind of life is it to play a card game for the most of your time?
Online poker is not recommended. There are much better ways to make money online.
Third, many negative things are related to gambling. Imagine that you successfully rip off your opponent and earn big money (Let’s say $10,000). What if your opponent is in a financial trouble and can’t control his playing? What if is in a great debt and you are making his situation even worse with your actions? You can never know who is sitting on the other side of the screen.
Fourth, with poker, you are not building passive income streams. In my opinion, building passive income streams is usually much better than working for money for the whole life. With passive income, you will get paid even while you are not working. With online poker, the only way to earn money is by playing more.
Fifth, there are much better ways to earn money online.
Personally, I would avoid PokerStars like a plague. I am not a big fan of poker or online casinos in general but my experiences with PokerStars were even worse than I expected. They can freeze your account anytime and keep your funds there forever and always ask you to send new documents.
If you’re lucky, you’ll be able to withdraw your funds but I’ve seen also reviews online where people weren’t able to get their money back once they got started with PokerStars.
If you are interested in better ways to earn money online, I recommend following this step-by-step training or getting started by clicking the picture below.
What do you think about PokerStars or online casinos in general?
Would you like to learn better ways to make money online than online poker?
(DISCLAIMER: This article only represents my personal opinion of PokerStars. You can use it as information and entertainment. I accept no responsibility or liability for any good-faith inaccuracies on the blog as a whole.)
Is Bittrex safe? Is Bittrex a scam? How to get started on Bittrex? Is Bittrex a good cryptocurrency exchange? If you have been looking for answers to any of these questions, you have come to the right place!
In this Bittrex review, I am going to answer all your questions about Bittrex crypto exchange. I have personally tried around 10 different exchanges so I believe I can help you here. Let’s have a look!
I also created a video review of Bittrex to answer your questions even in a more thorough manner. You can take a look at the video by clicking below. I am sure you will find it helpful and valuable.
If you want to see more cryptocurrency videos, don’t forget to subscribe to my YouTube channel and smash up the likes 😉
Name: Bittrex
Founded: 2014
Type: Cryptocurrency Exchange Platform
Short Review: Bittrex is a trustworthy cryptocurrency exchange. They are 8th biggest crypto exchange by the trading volume and have operated since 2014.
Even though Bittrex has many benefits, I don’t currently use it myself because Binance and Coinbase are better options, in my opinion.
Of course, cryptocurrency trading or investing always involves risks. If you prefer more guaranteed ways to earn money online, I recommend taking a look at this step-by-step training.
Bittrex homepage is futuristic yet simple-to-use
Bittrex is a cryptocurrency exchange from the U.S. Seattle that has been operating since 2014. During its 4 years of operation, it has become one of the trusted and most used exchanges in the industry.
They provide cryptocurrency trading for around 200 different cryptocurrency pairs.
Bittrex is 8. biggest cryptocurrency exchange by the trading volume.
Even though Bittrex exchange is not my #1 recommendation it has still many benefits that I point out for you here.
Bittrex enables trading for around 200 different cryptocurrency pairs. When I was looking at their list, there were many coins that I have never even heard of. Have you heard of cryptocurrencies like Gambit, Gridcoin or Blackcoin?
A large availability of cryptocurrencies is certainly a positive thing. With some exchanges, you can trade only a handful coins which brings you challenges if you want to trade something else. Soon you need to create an account to 10 different exchanges in order to get your desired coins.
You will find all major coins and many rare coins on Bittrex. You will even find cryptocurrencies that you have never heard of on Bittrex.
Some of the BTC trading pairs on Bittrex.
You probably know that another major exchange from the U.S. called Bitfinex has been hacked twice during their history. Even though they managed those situations well and they are still running strong, they left a little scar to Bitfinex’ reputation.
Bittrex has never been hacked and many people keep it as a trustworthy and a reliable crypto exchange.
I have heard people praising Bittrex because of its ease of use. Their website is intuitive and you will easily find the things that you need to find: Wallets, Markets, Withdrawal, Deposit, etc.
This, of course, depends on the person’s preferences. I feel that almost all exchanges are easy to use once you have used them for a while. Only challenging ones are really like Etherdelta or Forkdelta.
A famous cryptocurrency influencer was comparing Bittrex and Poloniex. He preferred Bittrex for several reasons. It was easier and faster to use. Provided more options for trading and was better in other ways. I don’t recommend Poloniex in any way.
For complete beginners I recommend cryptocurrency exchanges called Coinbase or Changelly.
Every exchange needs to charge fees from their customers for trading. That’s how exchange can run themselves and make money. Some exchanges charge a higher fee (and probably provide more services) while other exchanges charge very low fees.
I would say that Bittrex is “in the middle” when it comes to their fees. They are not the cheapest option but not the most expensive choice either. They charge 0,25% trading fee.
The cheapest option out there is Binance where you can trade with as low as 0,05% fees. That’s also my #1 recommendation for trading altcoins. On the other hand, if you are a “buy and hold” man like I am, 0,2% trading fee doesn’t make a big difference.
There are also many exchanges that have higher exchange fees than Bittrex. One of them is Changelly which is also a great exchange but they charge a 0,50% fee. On the other hand, they are probably the most beginner friendly and easiest to use so it makes sense that a fee is a bit higher.
Bittrex supports cryptocurrency trading also for more rare coins.
On the smallest exchanges, you may have a challenge when trading cryptocurrencies. There are not so many people trading that if you want to make the transaction fast, you need to accept a worse price. In the other words, you lose money because there are not enough people trading with you.
On Bittrex you don’t have such problem because it’s one of the biggest crypto exchanges in the world. You can always find tons of buy and sell orders waiting in the order book. That guarantees the high liquidity and ease of exchange.
Getting started on Bittrex can be nowadays quite challenging. Sometimes so many new members have been flowing to their exchange that Bittrex has decided to close their exchange with new members.
Recently, my friend got started on Bittrex and the verification took a few weeks. That’s still quite okay because I have heard “horror stories” that some people were waiting for months to get verified and their funds were stuck on Bittrex exchange.
Anyway, in order to start trading on Bittrex, first, you need to create an account. After creating the account you need to get it verified and that may be a frustrating process overall.
Bittrex fees are 0,25% for trading.
There are a few levels of verification on Bittrex. The more you pass them, the higher trading limit you have.
The first phase is called basic verification. In order to get that done, you need to give your personal details like full name, date of birth, address, passport number, etc.
Phone verification means that you give them your mobile phone number, receive a message and verify that you received the message.
You can complete enhanced verification only after the first 2 verifications are done. In this stage, you need to upload a picture of your passport and a selfie that it’s really you. The purpose of the whole verification process is to secure your identity and let them know that you are really you.
However, once you have submitted all your verification documents, you may need to wait for a long time. Sometimes you mightn’t get verified at all. That’s mainly because so many new users have been flowing into Bittrex and they haven’t been able to successfully manage everything.
If you want to get started faster, I recommend going to Changelly, Coinbase or Binance.
Now that millions of people worldwide started buying cryptocurrencies in 2017 and 2018, exchanges had big challenges to answer all support request.
One of my best friends was working in one huge cryptocurrency exchange company and he said, “Support requests just don’t end. They are endless and when you answer to one question, a client immediately asks another question.”
Naturally, people have different kinds of examples of Bittrex support. Some people have really enjoyed it while other people say they don’t respond.
Anyway, if you want to get specific answers to your questions, you can first take a look at their FAQ (Frequently Asked Questions) page. If you don’t find an answer, you can contact them by sending an email to support@bittrex.com.
Bittrex has comprehensive FAQ and support pages.
Bittrex certainly is not a scam. It’s a legitimate website and a company that provides cryptocurrency trading that has been operating already for several years.
Personally, I don’t need to use Bittrex because I have, in my opinion, better alternatives (Binance and Coinbase) that I am using.
Probably the main reason why I haven’t started with Bittrex yet is that their queue for new clients has been so long. It has taken weeks for some new members to get started. Sometimes even longer. I tried to start trading on Bitfinex but wasn’t able to do that even after 2 months of waiting and I didn’t want to waste my time with Bittrex as well.
That being said, if you are willing to wait for the verification, you can create an account there and get started after waiting.
Have you used Bittrex? Would you recommend it to other people as well?
What is your favorite cryptocurrency exchange platform?
Are you looking for a comprehensive Gate.io review? Looking for answers to questions like, “Is Gate.io Legit? How to use Gate.io? Is Gate.io safe?”
If your answer to any of these questions was “Yes”, you have come to the right place.
In this Gate.io exchange review I am going to show and explain everything you need to know about their website. I will also share my own experiences of using their services. Are you ready? Let’s get going!
Gate.io homepage (You can click the picture to get started yourself).
Name: Gate.io
Website: www.Gate.io.com
Founded: 2017
Type: Cryptocurrency Exchange Platform
Short Review: Gate is a reliable cryptocurrency exchange with a large variety of different coins. They have around 250 different crypto pairs (and growing!) that you can trade with very low fees. I have had solely positive experiences of Gate.io and I can recommend it to other people as well.
Before you go through my comprehensive Gate.io text review, I want to offer you an opportunity to take a look at my video review of Gate.io.
In the video, I weigh the pros and cons of Gate.io and I walk you through how you can easily exchange cryptocurrencies on their website. I am sure that you will find the video helpful and valuable.
(If you want to receive more cryptocurrency-related videos and want to learn how to make more money with cryptocurrencies, don’t forget to subscribe to my YouTube channel as well.)
Gate.io is a fast-growing cryptocurrency exchange that’s available both in English and in Chinese. They enable cryptocurrency trading for more than 250 currency pairs at the moment which means that they have one of the biggest variety of options in the industry.
I have personally had solely positive experiences with Gate.io so I can warmly recommend it to you as well. First, let me show you a few benefits of using Gate.io.
The picture below illustrates 3 important benefits:
1.Low withdraw and exchange fees
2.Safe
3.Fast transactions
Gate.io has extremely low fees.
Gate.io enables withdrawals even without any fee. That’s very unique because on some exchanges I have sometimes paid eve €15 ($20) for a single withdrawal. The fact Gate.io provides withdrawals for much cheaper price means that you can save lots of money over the time course.
Safety is, of course a huge factor and therefore Gate.io holds their funds in a cold storage. That’s the safest way to store cryptocurrencies and it’s basically impossible for hackers to reach them.
Gate.io also provides low exchange fees which is a good thing for your money. You’ll pay only 0,2% fees on Gate.io. For example, extremely popular exchanges like Changelly and Coinbase charge a bit higher fee. If you are looking for an exchange with the lowest fees, your choice would be probably Binance because there you can exchange with as low as 0,05% fee.
Anyway, Gate.io has one of the lowest fees in the cryptocurrency industry. In addition, you can get 10% discount for all of your fees through my special link below.
Using Gate.io is easy as 1-2-3. When I used their exchange for the first time I didn’t read any tutorial but I was still able to exchange and transfer funds conveniently. Anyway, I want to provide you a short tutorial here on how you can use their exchange as well.
You can sign up here and you’ll land on the following page:
Gate.io Signup Page. Fill Out Your Information to Get Started.
If you don’t yet have an account on Gate.io, you fill out the form on the left-side and click, “Create account.” They send you an email verification. Click the verification link in the email and you’re ready to go.
At the moment, Gate.io doesn’t accept deposits with fiat currencies (euro, pound, dollar, etc.) but you can easily deposit money by using any cryptocurrency (BTC, ETH, USDT, etc.).
Just copy & paste your address from Gate.io to deposit money from your wallet.
Usually your deposit happens in a short while so you don’t need to wait for it for a long time. Transferring cryptocurrencies, in general, is way more convenient than making bank transfers, for example.
You can transfer money to Gate.io for almost free and it takes just a short while. If you want to make bank transfers elsewhere, they may cost tens of dollars and take 3-5 bank days. Cryptocurrencies 1 – Government Banks 0.
When you have made your deposit to Gate.io, you can start trading your desired cryptocurrency. As you can see in the picture below, there are a huge numbers of different crypto pairs that you can trade. Actually, Gate.io provides one of the largest variety of exchange pairs in the whole industry.
You can trade around 250 different crypto pairs on Gate.io.
In this example, we want to sell Dragonchain (DRGN) into Ethereum. I have chosen that currency pair and the following window has opened to me.
Make the trade buy choosing the amount and clicking, “Sell DRGN-ETH” (in this example).
I set the amount how many DRGN I will sell and the exchange automatically shows me how many ETH I will receive with the current market price. In this case, I will be selling DRGN tokens and I will receive 1,616 ETH. Then I just click, “Sell (DRGN -> ETH)” button.
The order goes automatically to the exchange’s order book. In a short moment I will receive my ETH and my DRGN is sold. Voilá!
Overall, the process is simple and I know that anybody is able to do it. If you have any questions, you can always ask me a question below this article or contact Gate.io support.
I used Gate.io for the first time because I wanted to sell some of my Lympo (LYM) tokens that I had bought on their ICO. LYM wasn’t listed on exchanges like Binance or Kucoin where I already had an account so I needed to get started on Gate.io.
I created an account on Gate.io and searched for my LYM address to send my tokens over there. It was quite easy for me to send the tokens to Gate because the process worked exactly in a similar way like in other exchanges.
I saw that Gate enables exchanging LYM into BTC or ETH. I decided to exchange my tokens into BTC because the rate was better than with ETH. The exchange was fast and happened in just a minute or so.
Then I wanted to send my BTC from Gate.io to my another wallet. In general, it’s not recommended to hold all your cryptocurrencies in any exchange because they may be hacked or something may happen to the exchange.
I went to my BTC address on Gate.io. Clicked, “Withdrawal”. Set up 2-factor authentication. Gave my BTC address for withdrawal and voilá!
During the whole process I didn’t even need to check out any tutorial because Gate.io website was very intuitive and straightforward.
There are many ways to get support on Gate.io.
First option is to take a look at their FAQ (Frequently Asked Questions) page. There you’ll find an answer to 90% of your questions. If you need further help, you can also easily contact the staff in many ways.
You can leave them a support ticket in English or in Chinese and they’ll come up with an answer after some time. Other options to contact the support are through their Twitter page or Telegram chat.
Gate.io Telegram group has +4,000 members and the staff is constantly answering questions.
Yes, Gate.io is a legitimate website and company. Based on my information, it’s one of the fastest-growing cryptocurrency exchanges in the world. I can also personally recommend Gate.io because I only have a positive experience with their services.
Currently, I don’t hold my funds on Gate.io because I prefer holding my money on private wallet when I hold my own private keys. I keep some money on exchanges because private wallets have also their own risks (like losing your paper where you wrote the key, etc.)
One of the biggest benefits of Gate.io is their low fees. You need to pay only 0,2% fee for exchanging on their platform and 0% withdrawal fee. Usually, cryptocurrency exchanges charge much higher fees. Still there is Binance that takes even lower fees than Gate.io. I recommend also their exchange.
I have used around 10 different cryptocurrency exchanges and my experience with Gate.io was one of the best.
Have you used Gate.io?
What is your favorite cryptocurrency exchange platform?
If you are looking for an answer to the question, “Is Coinmama a Scam Or Legit?” you have come to the right place. In this Coinmama review, I will tell you everything you need to know about this company. In addition, I will show how their website works that even complete beginners can use it.
Coinmama is a safe way to buy Bitcoin and Ethereum. (You can click the picture to try it out yourself.)
Name: Coinmama
Website: www.Coinmama.com
Founded: 2013
Type: Cryptocurrency Exchange
Short Review: Coinmama is a trusted cryptocurrency exchange where you can buy Bitcoin and Ethereum easily using your credit card. It’s an easy and a beginner-friendly platform.
However, their fees are a bit high why I would rather recommend using Coinbase or Changelly. Their fees are lower and they enable credit card payments as well. If a little difference in fees is not an issue for you, Coinmama is also a great platform for buying cryptocurrencies.
Before you run into the article, I want to give you an opportunity to have a look at my video review of Coinmama. You’ll find it extremely helpful and informative.
Coinmama is one of the oldest and most trusted cryptocurrency exchanges in the world. They have been operating since 2013 and have served more than one million customers from almost 200 different countries.
One of the greatest benefits of Coinmama is that you can buy cryptocurrencies easily with your credit card. Many huge exchanges like Binance or Kucoin don’t support that feature so Coinmama stands out as a better option in that sense.
One of the most important factors when choosing a cryptocurrency exchange must be a question, “Is Coinmama reliable?” You should never use a crypto exchange that you are not sure of. Coinmama is a reliable and legitimate exchange so that’s a good choice.
A picture below shows many benefits of Coinmama:
6 Benefits of Coinmama.
1.You can easily buy with credit card. Many other crypto exchanges don’t support this feature.
2.Coinmama is safe and secure. More than 1 million users have used them during 5 years.
3.Fast-track verification. They verify your documents in one hour to increase your buying limit.
4.You can buy Bitcoin and Ethereum using euros, dollars, pounds or any other currencies you wish to use.
5.Global coverage. Coinmama works in 188 countries.
6.Coinmama support answers your questions.
Coinmama offers one of the easiest ways to buy cryptocurrencies. That’s why it’s one of the most popular ways for beginners to get started in the cryptocurrency world. The picture below illustrates the process:
Buying cryptocurrencies on Coinmama is literally as easy as 1-2-3. (Click the picture to get started.)
1.First, you go to Coinmama homepage.
2.Insert your email address and click “Buy coins”.
(3.Click “Create an account”) If you are a new user on Coinmama.
Registering on Coinmama is easy and convenient.
4.Get your account verified.
Fill out your personal information in order to start using Coinmama.
In order to secure your identity and security, Coinmama requires that you fill out the personal details before you start trading on Coinmama. The verification is fast and effortless.
5.Choose do you want to buy Bitcoin or Ethereum.
6.Define how much do you want to buy.
Coinmama shows you how much BTC (or ETH) you will receive for your purchase. When you have decided the amount click, “Buy BTC.”
7.Make a payment, for example, with your credit card.
8.CONGRATULATIONS! You have now bought Bitcoin or Ethereum on Coinmama.
As you see above, the process of buying Bitcoin or Ethereum on Coinmama is very straightforward. You just need to follow the steps that they provide.
Coinmama provides an email support and they promise to come back to you with an answer within 24 hours. They also have an extensive FAQ (Frequently Asked Questions) section on their website. That section will answer to most of your questions but if you need further help you can always contact them by email.
You can also contact Coinmama staff on Facebook. They answer typically within a few hours.
The only real drawback with Coinmama are their fees. It’s very easy and convenient to buy Bitcoin or Ethereum on their platform but you need to pay them for that convenience. Typical fees are 6-7% per transaction. That’s not huge if you compare to the price volatility of cryptocurrencies but compared to cheaper exchanges those are quite huge.
I have most of the time used Coinbase for buying cryptocurrencies with fiat (euro, dollar, pound) because their platform is also convenient and they have smaller fees.
At the moment, you can buy only Bitcoin and Ethereum on Coinmama. If you want to buy Bitcoin Cash or Litecoin, my #1 recommendation is Coinbase because they give you also a $10 sign up bonus as a new member.
If you want to buy smaller cryptocurrencies my highest recommendations are Binance and Kucoin. I have used them for buying and trading numerous cryptocurrencies.
Their interface is simple and easy-to-use. In addition, Binance is probably the biggest crypto exchange in the world. Both of them have a reputation as a reliable exchange.
A short answer is yes. Coinmama is a reliable crypto exchange and numerous other people are using it as well.
That being said, I personally prefer using exchanges that charge smaller fees. Therefore, I don’t personally use Coinmama as there are are better alternatives out there.
If you are a complete beginner and want to buy cryptocurrencies easily, my recommendations are Coinbase or Changelly. If you are looking for my #1 recommendation for trading cryptocurrencies, take a closer look at Binance.
Coinbase is probably the most well-known cryptocurrency exchange in the world. They provide a $10 sign up bonus for everyone who joins their exchange for the first time. Their platform is very simple and beginner-friendly. It’s also good for more experienced cryptocurrency investors. It’s not a coincidence that they have served already more than 10,000,000 customers worldwide.
Coinbase provides a $10 bonus for new members through my link.
If you want to buy cryptocurrencies easily with your credit card, Changelly is one of the best choices for that. They have also served more than 1,8 million customers and have established the reputation as a highly trusted
Binance has grown fast into the biggest cryptocurrency exchange by the trading volume. They provide trading for numerous different cryptocurrencies including some rare ones. Binance has one of the smallest fees in the industry because you can trade on their platform with even as low as 0,05% fee. The only significant drawback with Binance is that you can’t use fiat currencies (euro, dollar, pound) on their platform.
Therefore, my recommendation is that you use Changelly, Coinbase or Coinmama to buy Bitcoin and Ethereum. Then transfer it to Binance where you can buy and trade smaller cryptocurrencies if you want. After you have done with the trading, I recommend transferring your funds into a hardware wallet like Trezor.
Binance provides the smallest trading fees in the industry. Even much smaller than Coinmama.
Coinmama is certainly a legitimate cryptocurrency exchange. They have been operating more than five years and served more than 1 million customers all over the world in ~200 countries. In my opinion, Coinmama is most suitable for beginners who want to get started and buy Bitcoin or Ethereum easily with a credit card.
The only drawback is that their fees are a bit higher than on some other exchanges. If you want to buy cryptocurrencies with your credit card/bank account I rather recommend using Changelly or Coinbase. For cryptocurrency trading my #1 recommendation is Binance.
On the other hand, if you just want to buy some Bitcoin or Ethereum fast and you don’t mind paying 1-2% extra fees you can just use Coinmama. Their website works well and the support will answer your questions if necessary.
Have you used Coinmama for buying Bitcoin or Ethereum?
What other cryptocurrency exchanges lihave you used?
Which crypto exchange is your favorite?
Are you looking for a comprehensive Changelly exchange review? If that’s the case, you have landed to exactly right place. In this article, I will tell you everything you need to know about Changelly.
If you have any further questions about Changelly or cryptocurrencies in general, just leave them below and I will be more than happy to help you out personally.
Changelly website is simple and easy-to-use.
Name: Changelly
Website: www.Changelly.com
Founded: 2015
Type: Cryptocurrency Exchange
Short Review: Changelly is one of the easiest and the most popular ways to buy cryptocurrencies. In my opinion, their platform is the most user-friendly in the whole industry. The fees are also lower than on Coinbase or on many other major exchanges.
Before you read the whole article, I want to provide you an opportunity take a look at my video tutorial/review of Changelly. I bet you’ll find it helpful and valuable.
Changelly company was founded back in 2013 by the owners of the famous Minergate cryptocurrency mining team. They launched the exchange to the form as it is today in 2015.
Since then Changelly has grown into one of the most popular ways to buy cryptocurrencies. Their interface is easy-to-use and beginner-friendly which has probably been one of the most important reasons for their fast growth. Let me first show a few other benefits of using Changelly and then I’ll show how you can buy cryptocurrencies on their platform.
Changelly is Fair, Fast and Trustworthy.
On Changelly you can buy around 60 different cryptocurrencies using your credit card.
Many major cryptocurrency exchanges enable trades only using other coins. In the other words, you first needed to buy on other exchange, then transfer funds to a new exchange and buy your desired coin there. That can be a time-consuming process.
You will save lots of time if you buy your desired cryptocurrencies directly on Changelly. I know that some people invest a certain portion of their every paycheck to cryptocurrencies. One of the easiest ways to do that is to buy cryptocurrencies on Changelly.
I have used and reviewed numerous cryptocurrency exchanges. Some of them support Bitcoin and Ethereum purchases with a credit card like Changelly.
However, I don’t know any other crypto exchange that would support purchases for 60 alt coins using a credit card. Therefore, Changelly is very unique.
Changelly exchange fees are only 0,5% which is much lower than in a major exchange called Coinbase. Some other cryptocurrency exchanges that enable purchases with credit cards charge up to 7-8% fee. Compared to that 0,5% fee on Changelly is very small.
On the other hand, if you are looking for the cheapest option for trading cryptocurrencies, Binance is a cheaper option. They charge only 0,05% – 0,1% if you pay the fees using their BNB token. You just need to keep in mind that Binance doesn’t support fiat currencies so you already need to own some cryptocurrencies to use them.
Note: If you buy cryptocurrencies on Changelly using your credit card, the fees are higher than 0,5%
Let me point out a few other features of Changelly with bullet points:
Using Changelly is simple and straightforward. Let me explain you the process step-by-step.
Usually, the transaction on Changelly happens in a few minutes which makes it very convenient. That’s certainly a benefit for Changelly. On some exchanges, you need to wait for hours which may be frustrating.
In the next chapter, I show you the process with pictures.
In this example, we want to buy Monero (XMR) for $100.
1.Go to the Changelly.com and choose what cryptocurrency you want to buy. Then click the green button, “Exchange!”
2.Create an account.
3.Check that all the amounts are correct and click, “Next”
4.Give the address where you want to receive your funds and click, “Next”.
5.Check out all the details once and click, “Confirm and make payment.”
In this example, we decided to pay with USD so the payment will be done with a credit card.
If you would have chosen, the exchanging from one cryptocurrency to another, it would give you a wallet address where you can transfer funds to get your own. Let’s say, for example, that you would exchange BTC to Monero. Then it would give you a BTC address where you can transfer the funds.
After the transfer is completed you will receive your desired cryptocurrency.
Changelly customer support is serving customers 24/7. Take a look at their Facebook page below:
You can contact Changelly directly on Facebook.
If you need help with Changelly, there are a few options. The first thing to do is to check out their FAQ (Frequently Asked Questions) page. I bet that you’ll find an answer there to 90% of your questions.
If you need support personally from Changelly for any reason, you can contact them on Facebook or by email to their address support@changelly.com.
I noticed that they have answered Facebook messages usually within a few hours. In addition, they were answering some general questions on their public discussion.
It’s always good to take a look at what other people are saying before you start using a new crypto exchange. In this case, I have done the research for you and found out what is a public opinion of Changelly.
In general, most cryptocurrency thought leaders recommend Changelly.
Changelly has a reputation as a reliable and easy-to-use crypto exchange. It’s receiving positive reviews from cryptocurrency thought leaders over and over again.
I also had a look at regular customer reviews. Like you may assume, there were positive and negative ones. I have reviewed around 10 different cryptocurrency exchanges and I have noticed that people like to leave negative reviews easily. Even though the problem would have been solved afterward and the customer would be happy, a negative review may stay on the Internet.
Overall, customers have been satisfied with Changelly. But because of the huge rush to the cryptocurrency market, their exchange has also received so many new clients that they couldn’t make everyone happy.
a positive thing that I found out is that Changelly is responding all reviews personally. It seems that they are doing their best to make customers satisfied. Here’s an example of what people are saying about Changelly.
Joshua has been very satisfied with Changelly after using it several times.
Changelly certainly isn’t a scam. They have been operating for several years and have established the reputation as one of the best cryptocurrency exchanges in the world.
In my opinion, Changelly is especially great for beginners and people who don’t have any technical knowledge because it’s so easy-to-use. You just follow the steps on the screen and you can’t really make a mistake.
There are exchanges that are highly advanced like EtherDelta but Changelly is on the different side of the scale. Anybody can use it easily and it’s made very user-friendly on purpose.
Which cryptocurrencies have you bought on Changelly?
Have you also used other cryptocurrency exchanges? Which ones?
