Category: Bitcoin

Rubycoin re-launched as planned yesterday afternoon and is now seen as the best cryptocurrency to buy and for trading. The launch began at 3 pm EST, but some technical delays prevented any actual mining from occurring for the first hour or so. Naturally, there were some who made a huge fuss about this but I think it’s important to keep in mind that the entire crypto coin landscape is still a relatively new frontier. These coins aren’t backed by multinational billion-dollar blue-chip companies, but rather are being developed and supported by small groups of volunteers and enthusiasts – so let’s try to keep things in perspective.

I have seen many launches crash and burn with the developers hiding as soon as problems become evident, but the rubycoin team stuck around and worked quickly to resolve the problems. Compiled wallets were not immediately available at launch (the source code was, however) but the Windows wallet was made available shortly after. I spoke with one of the developers today and he said that a compiled Mac wallet would be available soon, possibly tonight. Please note that you can of course compile the wallet yourself from the source code if you have the technical know-how and appropriate software.

The anticipation for this coin became obvious at launch; several pools had difficulty keeping their servers up due to the sheer volume of miners trying to mine the coin, and many of us had to configure failover settings in cgminer to switch between pools (or different servers within the same pool) if the connection dropped. Many miners claimed to have rented additional mining power specifically for this launch. This is the first launch I have participated in, and it was a lot more intense than I expected it to be.

The difficulty level hit 250 within a couple of hours, and the developers told me that the network hash rate broke 8 GH/sec last night. There have been no forks reported thus far, and transactions are confirming quickly.

Rubycoin is capped at 60 million coins, and the first 500 blocks yielded a reward of 50 coins each. After the first 50, the reward increased to 500 coins per block. The reward will drop every month; first to 250, then 125, then 75, and finally 50 – which it will remain at from that point on (until all 60 million coins have been mined.) The coin uses the scrypt algorithm, and 2% of it was pre-mined to cover development expenses such as giveaways and bounties. Rubycoin makes use of Kimoto’s Gravity Well to prevent difficulty spikes from occurring. At the time of this writing, the difficulty is currently at about 150, with a network hash rate of nearly 4 GH/sec.

Rubycoin is currently listed on Crypto Rush, a popular exchange. There are already a handful of Rubycoin faucets operating, and a Mac computer repair store in Florida has reportedly begun accepting rubicon for payment (in addition to bitcoin and dogecoin.)

There are several different ways to store your bitcoins and other cryptocurrencies but one of the safest methods is the hardware wallet. So how to trade cryptocurrencies via these virtual/physical wallets? Another way to store bitcoins is to use online wallets also known as “hot wallets” but these are not as safe and secure as a hardware wallet. If you’re only holding a small amount of BTC, you might not need a hardware wallet. However, if you have a lot of cryptos and want to keep them safe, a secure wallet is the best bitcoin wallet. Currently, it is not recommended to buy a hardware wallet from eBay or Amazon. There have been reports of malicious sellers who use respected platforms to sell. Just to be clear, almost anyone can sell products on eBay and Amazon. In addition to that, it appears that none of the wallet brands restrict their products so anyone can sell. Just because you are buying it from Amazon or eBay does not mean you are getting it from the company. The companies even recommend Amazon on their site, but there are dozens of people who fulfill the orders on Amazon.

Best Bitcoin Wallet

One of the best things about the Trezor bitcoin wallet is its ease of use. It connects easily to most computers and is compatible with Windows, OS X, and Linux. Also, the Trezor code is open-source that is community-driven to ensure Trezor’s transparency. The device has only two buttons on it to confirm and deny so it is fairly easy to use.

Trezor wallet comes at a great price and also has a few color options. This is one of the best bitcoin wallet options you can get. Also, it works with a number of popular altcoins.

Buy Trezor

Another highly recommended hardware wallet is the Ledger Nano S Cryptocurrency wallet. The Ledger Nano is secure and is PIN protected. There is a display on the device you can use to check and confirm transactions. Also, it works with companion apps and crypto wallets, and even second-factor authentication programs.

If you’re looking for a great low price hardware wallet to hold your BTC, this might be the best bitcoin wallet for you. In addition to bitcoin, you can store a number of altcoins as well. If you want more information, check out this Ledger Nano S review.

Buy Ledger Nano

If you’re looking for something with a more detailed display this might be the best bitcoin wallet for you. The KeepKey hardware wallet is an easy to use USB bitcoin wallet. Also, it has a large display for approving transactions easily. The KeepKey wallet has no operating system and can’t be affected by malware, keyloggers, and viruses.

Another great thing about the KeepKey is that it is a USB HID device and it works with Windows, Mac, Linux, and Android operating systems. The KeepKey is easy to use and it works with altcoins.

Buy KeepKey

The Ledger Blue is a larger-sized Bitcoin wallet with a nice sized touchscreen color display. Also, there is an operating system that allows the installation of apps and has a quick-launch dashboard. The Ledger Blue resembles a small smartphone or tablet and is easy to operate. They claim your confidential data is never exposed.

In addition to a large color display, this is also one of the only wallets with an operating system. If you are looking for something a little more advanced, this might be the best bitcoin wallet for you. However, it comes at a much higher price than the other BTC wallets.

If you want the best possible wallet, keep reading…

  • There’s no “one size fits all” Bitcoin wallet. Wallets come on different platforms with different features.
  • This guide will help you to find the best Bitcoin wallet for YOU!
  • Are you seeking methods how to obtain or purchase bitcoins/cryptocurrencies?
  • Search no more – you have arrived at the right place.

In long, read this guide for purchasing bitcoins. By its end, you will have a grasp of the main points:

  • Where and how to purchase bitcoins
  • How to select the suitable exchange
  • How to shield your coins after purchasing

In the lines below, you will find exchanges, which we have listed for you to purchase cryptocurrencies. We suggest the listed exchanges, but we also advise you to carry out your own research in advance of making your ultimate decision.

Remember that some exchanges have been crafted simply to acquire your personal details and rob you of your hard-earned bitcoins.

We carry out rigorous research about every exchange that’s listed to sieve out all fraudulent exchange networks.

Picking an Exchange: Which is the Best One?

To pick the best exchange for you, the following 7 factors need to be considered:

Purchasing bitcoins via cash or cash deposit is definitely the most private method. Any method that necessitates identifying or personal details, including PayPal, Credit/Debit cards, or Bank Transfers should be avoided.

  • None Limitations: Are You Purchasing Loads of Coins?

If you’d like to purchase larger amounts of bitcoins – 35 or more – then major exchanges or large brokers are your cup of cryptocurrency tea.

Coinbase, for instance, has high limits for purchases through a bank account ($10,000 weekly). For credit/debit card, the amount is $3,000.

Speaking of credit cards, CoinMama is the exchange with the highest limits.

The bulk of cash exchanges is not hindered by buying limits. Nonetheless, limitations will differ between the individual sellers and, typically, they are lower than those on online exchanges.

  • None Speed: When Do You Need an Access to Your Cryptocurrency?

The various payment options distribute your coins at varying speeds. The first purchase might be lengthy, but once you got everything setup, the following purchases will be executed much quicker!

ATMs for bitcoins may be the quickest way to buy them if you are one of those lucky people who have ATMs in your area. To help you out, here’s a map.

There are some brokers that provide instantaneous buys with credit/debit cards or bank transfers.

No official price for Bitcoin exists. Despite that, you can use CoinDesk or BitcoinAverage to check the median price of bitcoins/cryptocurrencies across all principal, international cryptocurrency exchanges and compare it to the price of the exchange of your discretion.

  • None Reputation: Don’t Let Yourself Get into Scams!

How long has the certain exchange been operating? Is it reliable? Our reviews of Bitcoin exchanges shall aid you in finding a trustworthy exchange.

  • None Fees: Is the Good Deal or Not?

Are the exchange fees reasonable? Remember that charges vary significantly based on the payment method you select.

Also, besides trading fees, don’t forget to include those for depositing and withdrawing. The more you trade, the lower the fees might go for some exchanges.

What are the ways of paying for the cryptocurrencies? The payment methods might be the decisive factor.

Actually, we are more than sure that you already have a payment option in mind. See below for more.

Hardware wallets might not be free, but their price is well worth it if you are in a possession of a substantial bitcoins’ amount. A hardware wallet protects a few hundred bitcoins as successfully as a few million.

Hardware wallets are delineated as safe, offline devices that are intended to store an investor’s private keys offline to shield them from being hacked.

  • This even includes using one on a computer that’s malware-infected.
  • Why Is Important to Have a Hardware Wallet with a Screen
  • The table below exemplifies hardware wallets that have screens.

 The screens are utilized for providing additional security. They do that by verifying and showing vital wallet details. Owing to the near impossibility to hack the hardware wallet, its screen is even more reliable than the data on your computer.

Overview of the Best Bitcoin Hardware Wallets

The device was released by Ledger in August 2016. Ledger Nano S is the cheapest among the 3 hardware wallets that have a screen and its cost is to the tune of $65. Ledger is amid the most renowned security companies when it comes to bitcoins.

Officially released in the month of September 2015, KeepKey was the second wallet for bitcoins that came with a screen. Its huger screen packs additional security features that are missing in the TREZOR and Ledger Nano S.

August 2014 saw the release of TREZOR – the first hardware wallet for bitcoins that was accompanied by a safe bitcoin storage, as well as the ability to spend cash with the convenience that provide hot wallets. TREZOR is as tiny as a thumb.

Ledger HW.1 is regarded as a budget hardware wallet. The lack of screen makes it less secure than the three other wallets described above. However, it will definitely provide investors with more security than hot wallets.

Hot wallets are described as Bitcoin wallets that function on devices that are connected to the internet – tablet, cell phone, or a computer. Since hot wallets create private keys on a device that’s hooked to the internet, these keys cannot be deemed 100% secure.

 Hot wallets are amazing if you perform recurrent payments, but they are not a preferred choice for securely storing bitcoins.

Web wallets serve for storing one’s private keys online. There, they become encrypted thanks to a user-created password. Despite online bitcoin wallets are characterized by the lowest security level of all wallets, their advantage lurks behind being accessible from any device that’s connected to the internet.

As a multi-signature bitcoin wallet that’s accessible online, as well as from a desktop device, iOS, and Android, GreenAddress is also compatible with HW.1, TREZOR, and Ledger Nano, which are hardware wallets.

 The adjective “multi-signature” here means that the website necessitates a manual user confirmation for her/his coins to be moved, which significantly enhances security.

There is a wide variety of wallets for Android. Owing to the fact that Apple banned Bitcoin wallets, IT gurus focused their magical skills on the development of Android wallets.

The most renowned bitcoin wallet for Android is Mycelium. Sending and receiving payments through Mycelium is extremely easy. The app’s backup and setup instructions make backing up one’s wallet very simple.

The wonderful iPhone wallet recently launched its Android-based wallet. It is packed with private keys’ user control, a passcode support, and an intuitive interface.

Another Android addition is the Copay wallet. Its perks encompass multiple advanced features that provide admirable flexibility.

Airbitz made its way for both Android and iOS bitcoin wallet users. The very intuitive login makes using this application a whiff of calm air for punters that are newbies to the scene of bitcoin trading. Additionally, with it, an investor should not worry about executing manual wallet backups since Airbitz creates its own automatic backups.

Greenbits is defined as GreenAddress’s native Android version. The multi-signature wallet supports hardware wallets, including Ledger and TREZOR.

Known previously as “Schildbach Wallet”, Bitcoin Wallet was the first wallet for mobile devices. Its security is superior to most of the other mobile wallets since it is directly connected to the bitcoin network. The app boasts a simple interface with the perfect number of features, qualifying it among the best wallets and one of the greatest educational tools for newcomers to bitcoin trading.

In February 2014, Apple decided to impose a ban on bitcoin wallets, but a few months later, it reversed it. At the moment, the apps come in plenty.

Probably the best wallet, together with Copay, breadwallet is open-source based, providing the entire control to the user over her/his private keys. Packing a clean interface, which makes the sending and receipt of bitcoins not only a pleasure but also a simple process, bredwallet is among your best choices.

The bitcoin wallet Copay is open-source based, as well. Forged by BitPay, it may be utilized throughout many devices because Copay is accessible for Android, iOS, Windows cell phones, as well as all desktop platforms. Amid the numerous astounding features, it greatly facilitates the creation of multiple accounts that permit an investor to possess separate wallets for his personal and business funds.

A very easy-to-use app, Airbitz is accessible for punters of Android and iOS. Newcomers to bitcoin exchange will find the login of Airbitz a whiff of fresh air. The automatic backups the app creates make the user forget her/his worries about manually performing wallet backups.

With the purpose of using a desktop wallet, you will first have to download and install one on your desktop device. If your chief concern revolves around privacy, the core bitcoin wallet is an astounding option because it does not rely on data from third parties.

Copay’s desktop application bestows users with the capacity to manage their hardware wallets and allows for the creation of multiple accounts, permitting users to keep personal and business assets separate.

Incepted in November 2011, Electrum is a bitcoin wallet for Windows, Mac, and Linux that’s characterized by a light weight. Electrum’s principal perks comprise support for hardware wallets (KeepKey, Ledger Nano, and TREZOR, for instance), as well as a safe bitcoin storage through an offline computer. Newcomers and advanced users will both derive advantage from Electrum.

While we are scrutinizing the topic of bitcoin wallets, we need to clarify the difference between a bank and a wallet. Coinbase might be regarded by some as a Bitcoin wallet, but in reality, it operates much more like a bank.

Users’ private keys are the needed protection to safely utilize a Bitcoin exchange without ending up being robbed. When an investor hands someone else the control of her/his private keys, he is essentially executing a deposit at that financial institution – similar to a deposit at any bank.

Lately, the hacks and scams in relation to bitcoin exchanges have robbed users of more than $1 billion – DON’T store your coins there. Be in total control of your own private keys.

Of course, this should not be construed as bitcoin banks being intrinsically bad. However, it’s crucial to be cognizant of the fact that those with control over the private keys are controlling the bitcoin(s) attached to those keys.

In the past, misinterpreting this point has led many millions of dollars being lost. Thus, it’s critical to understand the difference of storing private keys for bitcoins.

Understanding the functioning of bitcoin wallets is of utmost importance for the safety when using this new-fangled technology. Over time and with the development of Bitcoins, the wallets will become much safer and more user-friendly.

In the foreseeable future, given devices might ultimately come with pre-installed wallets that “flirt” with blockchains even without the knowledge of the user.

As of now, it’s essential to remember that you necessitate shielding your private keys to thwart hacker attacks, user errors, or any other possible issue.

We need to warn you to evade storing coins on exchanges. Bitcoin users have suffered losses of over $1 billion being a part of exchange scams and hacks! Following The best ways to learn Forex trading you can easily build up a good path for earning revenue using the cryptocurrencies, each country has its own rules regarding the cryptocurrencies and its different form. Make sure you know it all before trading. In this regard, bitcoins/altcoins are ONLY secure if you maintain them in a wallet which you ONLY have control over!

Over the last few years, there were a lot of improvements in terms of the development of Bitcoins. There are different bitcoin trader login that are there for online bitcoin trading. More and more people are getting into bitcoin trading which is why everyone out there is looking for different investment opportunities. 

One such lucrative option is Bitcoin cash. In this article, we are going to compare bitcoin with bitcoin cash and compare their similarities and differences. 

Bitcoins were introduced in 2009 and were an instant hit in the global market. With their revolutionary blockchain technology, they were accepted globally. Bitcoins offered features like fast transaction speed, user autonomy. Low transaction fees on overseas payment, and high accessibility. All these amazing features made bitcoins really popular in its initial stage. 

Since there was no control of the government over the transaction made through bitcoins and its use in illegal activities made a huge impact on its popularity. This is where bitcoin cash was introduced in order to provide stability to the whole system making it easier for these cryptocurrencies to grow over time. 

Bitcoin cash was introduced thereafter that offered its users a much faster transaction speed and much lower transaction fees when compared with Bitcoins. Moreover, the bitcoin cash network is capable of handling more transactions simultaneously.  However, the main reason why it could not surpass bitcoin was the security issues that this system had. 

In order to handle these issues, the bitcoin cash network increases the block size to 8MB in order to further accelerate the verification process in order to maintain the overall network. 

Despite all these benefits bitcoins is still at the top of the crypto world with the most number of users as compared with the number of users of other cryptocurrencies.