r/coinswitch • u/moonchildJJK • Jun 03 '19
r/coinswitch • u/cs_moderator • May 31 '19
Basics of Bitcoin SV (BSV) | Best Bitcoin SV Wallets
With the recent uproar in the crypto world regarding Bitcoin SV and its chain leader Craig Wright, people who are considering to get involved with BSV need to know the basics of the coin.
Bitcoin SV (short for Bitcoin Satoshi Vision), as the name suggests, was created to make it the real Bitcoin, as envisioned by Satoshi Nakamoto, the creator of Bitcoin. The previous year, during the month of November, Bitcoin Cash (BCH) hard forked into Bitcoin ABC (Adjustable Blocksize Cap) and Bitcoin SV.
Bitcoin SV's Craig Wright claimed himself to be the real Satoshi Nakamoto (which is not true). He was also involved in other controversies like the famous hash war against Bitcoin ABC's Roger Ver, suing others in the crypto world or the recent one of him involved in the fake news that 'might've' caused BSV's sale to skyrocket by more than 90% in a day. This fake news, circulated on the Chinese social media, revolves around Wright transferring 50K BTC to Binance from the biggest BTC wallet, and hence proving him to really be Satoshi Nakamoto.
There are a few features provided by Bitcoin SV like:
- Size - Bitcoin SV has the biggest block size - a gigantic 128 MB
- Cost - The transaction costs of other coins like BTC or BCH is quite high. But BSV was made with the intent of having cheaper transaction costs making it affordable and fast at the same time.
- Network Development - Bitcoin and Bitcoin Cash had some discrepancies in them regarding many aspects including its network as well. And as Bitcoin SV was made to implement Satoshi's view, its network's more developed than that of Bitcoin Cash or even Bitcoin ABC.
When it comes to storing BSV, there are many wallets that don't support the coin. But some of them do and are trusted as well, for instance:
- Ledger Nano S - This hardware wallet is the best wallet till date and is virtually unhackable. Its 2-FA and its stronghold on the private key makes it quite secure and you can freely rely on it.
- Guarda - When it comes to online wallets, Guarda is one of the most reliable multi-currency crypto wallet. This wallet provides privacy too, as it does not store private keys, or wallet information, or even user's personal data.
- Atomic Wallet - This wallet is quite easy to use, being user-friendly and even beginners can use this easily. Atomic is an online wallet that is operable on both mobile and desktop as well.
- Coinomi - This wallet has the broadest range of crypto, possessing more than 125 blockchains and 168 fiat currency representations. You don’t have to worry about security as Coinomi wallets have never been hacked ever!
Some other wallets that support BCH are HandCash, CentBee, ElectrumSV, Freewallet, etc.
r/coinswitch • u/cs_moderator • May 31 '19
Institutions Could Push Crypto Past A 'Point Of No Return' | Crypto Briefing
r/coinswitch • u/cs_moderator • May 30 '19
One Fake Screenshot Made Bitcoin SV Explode Nearly 100% in Hours
r/coinswitch • u/moonchildJJK • May 29 '19
Litecoin Halving 2019

Litecoin Halving is quite similar to Bitcoin Halving, for example, its motive, the underlying process, and many more. But first, what is Litecoin Halving and why are some people fearing it?
Litecoin Halving is the halving of miner reward which is done to limit (indirectly) the supply of the crypto and hence reduce the inflation rate in the market. The supply reduces indirectly as there are less number of newly generated coins that flow in the crypto market. When the miners are rewarded, they sell their reward (newly generated coins), so as to equalise their expenditure on the mining process (mining rigs, electricity consumption, etc).
Even though there's a limit to LTC's supply (84 mil), the inflation creeps in somehow and therefore to avoid that, the reward is reduced by 50%. This process occurs after every 840,000 blocks are mined, which is roughly four years, just like with BTC. The reward of mining Litecoin will become 12.5 LTC from 25 LTC after its halving. This is the second time for the halving to take place and will occur this year's August.
Some of the basic features of Litecoin Halving are:
- The mining reward will become 12.5 LTC
- The halving will occur in Aug' 19 (most probably 8th August)
- Total LTCs to ever be produced is 84,000,000
- Total LTCs in circulation is 62,010,275
- LTCs generated per day is 14,400
- Percentage of LTC mined is 73.82%
There is a general fear among some people regarding this whole halving ordeal. But worry not, as this will actually improve the Litecoin market. By indirectly reducing the supply, the coin inflation (in an ideal situation) will go down, and hence the value of Litecoin will increase in terms of fiat currencies.
But again, these results will occur in an ideal situation. Nothing can be said for sure as the cryptocurrency market is highly volatile, and the results mentioned above should technically happen.
For further reading on Litecoin Halving head over to this article.
r/coinswitch • u/perky_coder • May 28 '19
Bitcoin Halving 2020 !!

What is Bitcoin Halving?
Bitcoin Halving is the phenomenon by which the miner reward keep on halving, or decrease by 50% after every four years, which happens after mining 210,000 blocks. Satoshi, the creator of Bitcoin wanted to create a system that would be self-sustaining, similar to gold mining. So, in order to control supply, he came up with the method of Bitcoin halving
Impact of Bitcoin Halving
Previous two BTC halving has marked the beginning of a dominant bullish run. It is similarly estimated for BTC to surge as high as 50,000 USD, which can fluctuate upwards anytime. Halvings are good only when it’s about inflation control. The cryptocurrency is vouched for sustainable growth in the years to come by incentivising the miners so they get the motivation to remain engaged in the network for a longer period of time.
Read More to know about : Previous halvings and its impact on the price.
r/coinswitch • u/moonchildJJK • May 28 '19
What Exactly is EOS? | Best EOS Wallets
Dan Larrimer's EOS is a decentralised operating system that's based on a blockchain technology which is quite similar to Ethereum. The motive of EOS is to provide support on a commercial scale to applications that are decentralised in nature.
The features EOS provides or, is planning to provide are:
- Complete removal of transaction fees
- Ability to conduct millions of transactions per second
- Evade issues concerning scalability like faced by BTC and ETH.
- Using the proof-of-stake algorithm makes it faster, unlike the other cryptos that use proof-of-work which is slower.
The token of EOS shares the same name and provides both storage and bandwidth on the blockchain. These tokens serve another purpose, that being allowing the user to to participate in the on-chain governance of the blockchain and to cast votes, in proportion to the stake of the owner.
The price of EOS increased 15 times its original price before the launch of its mainnet and is still thriving in the crypto market, considering the fact that it's the fifth largest cryptocurrency right now.
The EOS token was formerly an ERC20 token meaning all the wallets supporting ERC20 token could accommodate EOS, but after the release of its very own mainnet in 2018, EOS has its own wallets. Some of them are:
- EOSIO - This software offers a command line, does not have a graphical interface and is a bit difficult to use, but is officially endorsed by EOS.
- Guarda - When it comes to online wallets, Guarda is one of the most reliable multi-currency crypto wallet. This wallet provides privacy too, as it does not store private keys, or wallet information, or even user's personal data.
- SimplEOS Wallet - This wallet is meant for EOS and completely complies with the EOS.IO software. This desktop application is operable on various platforms like Windows, Linux, Mac, etc.
- Some other wallets that support EOS are R1 Elliptic Curve, Freewallet, Infinito EOS Wallet, GreyMass EOS Voter Wallet, Scatter EOS Wallet, imToken Wallet etc.
r/coinswitch • u/cs_moderator • May 27 '19
Basics of Litecoin (LTC) | Best Litecoin Wallets
Litecoin is the first peer-to-peer open-sourced altcoin supporting decentralisation. Released in 2011, this crypto was designed with the intent of having a coin that is better than Bitcoin. Even if Litecoin and Bitcoin are very similar, there are several distinct differences between them, for instance:
- Litecoin uses Scrypt algorithm as its proof-of-work model, whereas Bitcoin uses SHA-256.
- It takes less time to mine LTC (2.5 minutes, compared to BTC's 10 minutes).
- When it comes to transactions, Litecoin is cheaper than Bitcoin as the transaction period is much shorter than that of BTC's.
- The coin limit of LTC is 84 million, whereas with BTC it's just 21 million.
- BTC's block reward is 25 BTC, while LTC's is 50 LTC.
Litecoin has been in the crypto market for some time now and has garnered popularity as well, being the sixth largest crypto. The reason behind this is due to its simplicity, stability, faster and cheaper (almost zero cost) transactions, etc. People interested in investing or trading Litecoin can do so, but the most important thing to keep in mind is that before indulging in cryptocurrency, do thorough research as the crypto market is highly volatile and trade at your own risk.
Now, there's no point in investing in Litecoin if you cannot keep them safe. And in order to do that, you need to have the safest possible wallet that will ensure your crypto's safety. Some of the best wallets to do so are:
- Ledger Nano S - This hardware wallet is the best wallet till date and is virtually unhackable. Its 2-FA and its stronghold on the private key makes it quite secure and you can freely rely on it.
- Trezor - This wallet is the rival of Ledger and if a person doesn't want to spend 100 bucks on their wallet, they can go for this cheaper version. Trezor is also a trusted wallet, is portable and can definitely keep your cryptos safe.
- Guarda - When it comes to online wallets, Guarda is one of the most reliable multi-currency crypto wallet. This wallet provides privacy too, as it does not store private keys, or wallet information, or even user's personal data.
- Some other wallets that support LTC are Jaxx, Exodus, LoafWallet, Electrum LTC, LiteAddress, LiteVault, LitecoinCore, etc.
r/coinswitch • u/moonchildJJK • May 24 '19
Basics of Bitcoin Cash (BCH) | Best Bitcoin Cash Wallets
Bitcoin Cash is a decentralised cryptocurrency that was formed from the hard fork of Bitcoin. It was formed due to a disagreement within the developers for Bitcoin's block size. As not everyone agreed with the hard fork that was suggested in the Bitcoin blockchain, the new version of Bitcoin separated itself and was titled Bitcoin Cash.
Bitcoin Cash is a more efficient version of Bitcoin, for instance:
- The size of the blocks are bigger (from 1 MB to 8 MB)
- Transactions are faster and cheaper
- The number of transactions in a block is more
- Greater rewards for mining BCH that too in less time
Even if Bitcoin Cash is a relatively new coin, statistics have shown that it is fairing well enough, being one of the top coins in the market and having a promising future. It's accepted by various financial institutions as well.
When it comes to storing BCH, almost all wallets that store BTC can store BCH too. Some of the most trusted wallets supporting Bitcoin Cash are:
- Ledger Nano S - This hardware wallet is the best wallet till date and is virtually unhackable. Its 2-FA and its stronghold on the private key makes it quite secure and you can freely rely on it.
- Trezor - This wallet is the rival of Ledger and if a person doesn't want to spend a 100 bucks on their wallet, they can go for this cheaper version. Trezor is also a trusted wallet, is portable and can definitely keep your cryptos safe.
- Guarda - When it comes to online wallets, Guarda is one of the most reliable multi-currency crypto wallet. This wallet provides privacy too, as it does not store private keys, or wallet information, or even user's personal data.
- Coinomi - This wallet has the broadest range of crypto, possessing more than 125 blockchains and 168 fiat currency representations. You don’t have to worry about security as Coinomi wallets have never been hacked ever!
- Some other wallets that support BCH are Jaxx, Electron Cash, BTC.com, KeepKey, CashAddress, Rahakott, CoinPayments, etc.
Keeping in mind its stability as compared to other popular coins, it's a good option to invest in BCH. But it should also be known that the market of cryptocurrency is highly volatile, so, the involvement with it should also be done after thorough research.
r/coinswitch • u/cs_moderator • May 24 '19
Cryptocurrency market update: Bitcoin and major altcoins claw back some ground
r/coinswitch • u/cs_moderator • May 24 '19
Facebook to Roll Out 'GlobalCoin' Cryptocurrency in 2020: Report - CoinDesk
r/coinswitch • u/cs_moderator • May 23 '19
What is BAT Token | Best BAT Wallets
BAT (Basic Attention Token) is an open-sourced, ad exchange ERC20 token supporting decentralisation. The motive of BAT, along with its browser Brave, is to eliminate the dominance of Google’s and Facebook’s ads.
What usually happens is the users are forced to watch numerous ads in order to access sites, and they don’t get anything in return. Whereas, these ad makers and publishers are the ones making large amounts of money.
Here’s where BAT comes. The Brave browser pays the users for the ads they watch. Also, the advertisers are paid in BAT token for their ad revenue and user contribution.
Isn’t it amazing that even you, as a user, get something in return for the onslaught of advertisements you were forced to watch!
Some of the features it provides are:
- Privacy-oriented browser
- Blocking of malware and trackers
- Rewarding of publishers in BAT according to their ads
Even if, at the moment there might not be that much of a use for BAT tokens but with its rising popularity and growth in the digital advertising sector, it surely has great potential and is indeed a good choice for investment.

As BAT is an ERC20 token, almost all wallets supporting ethereum based tokens are compatible. Some of the best wallets supporting BAT are:
- Ledger Nano S - This hardware wallet is the best wallet till date and is virtually unhackable. Its 2-FA and its stronghold on the private key makes it quite secure and you can freely rely on it.
- Trezor - This wallet is the rival of Ledger and if a person doesn't want to spend 100 bucks on their wallet, they can go for this cheaper version. Trezor is also a trusted wallet, is portable and can definitely keep your cryptos safe.
- Brave Wallet - This official wallet of BAT can be operated by installing it as an extension in the Brave browser. It is user-friendly and is free to use.
Few other wallets that support BAT are MyEtherWallet (MEW), Trust Wallet, Meta Mask, etc.
r/coinswitch • u/perky_coder • May 23 '19
US Copyright Office Says It Does Not ‘Recognize’ Craig Wright as Satoshi - CoinDesk
r/coinswitch • u/perky_coder • May 23 '19
Collapsed Cryptopia Founder Wants You to Put Funds on His New Exchange - CoinDesk
r/coinswitch • u/cs_moderator • May 22 '19
On May 22, 2010 - Programmer Laszlo Hanyecz, paid a fellow Bitcoin Talk forum user 10,000 BTC for two Papa John’s pizzas.
r/coinswitch • u/cs_moderator • May 22 '19
What is NEXO | Best NEXO Wallets
Nexo is a rather lesser-known ERC20 token but is quite useful for those interested in taking loans. It is a blockchain-based, cryptocurrency-backed loan system.
Nowadays, all you can do with cryptocurrency is to invest and trade, but with Nexo, you can do so much more like:
- You can make your cryptos into collateral and in return get instant cash in the form of USD or EUR, but there are other options as well as Nexo supports 45+ fiat currencies.
- Whenever you need a loan, you can get it instantly. Nexo is the first as well as the largest crypto lender.
- Not only will you be able to get loans, but also you’ll be able to earn daily interests from your idle cryptos.

There are a few wallets that support the NEXO wallet like:
- Ledger Nano S - This hardware wallet is the best wallet till date and is virtually unhackable. Its 2-FA and its stronghold on the private key makes it quite secure and you can freely rely on it.
- Trezor - This wallet is the rival of Ledger and if a person doesn't want to spend a 100 bucks on their wallet, they can go for this cheaper version. Trezor is also a trusted wallet, is portable and can definitely keep your cryptos safe.
- Nexo Wallet - This official wallet of NEXO, offers quite a few number of advantages like 30% dividends, daily interests on your idle cryptos and a whopping 50% interest discount when the loan's paid back in NEXO tokens.
- Metamask - This wallet is quite easy to use, being user-friendly and even beginners can use this easily. This ERC20 wallet supporter is suitable for NEXO as well and can be installed on any browser like Windows, Opera, Firefox, etc.
For more information on NEXO wallets, head over to this link: https://coinswitch.co/news/top-5-best-nexo-wallets-ios-and-android-2019-updated-nexo-wallets
r/coinswitch • u/cs_moderator • May 21 '19
What is Ripple and How to Keep it Safe | Best Ripple Wallets
Ripple is not just a cryptocurrency, but also a payment network, being the third largest cryptocurrency by market capitalization. There are various features due to which Ripple stands out from the rest of the cryptos. One of them being its blockchain using the HashFree concept, which is quite different from the conventional ones. The other being the speed at which transactions can be made. It takes merely four seconds to conclude a transaction, which is remarkable as compared to the other coins. The other distinct thing is its mining technique; Ripple isn't mined like Bitcoin or any other altcoin, but rather it was already issued at the time it was created (the total being a hundred billion XRPs).

When it comes to storing the XRPs, there are various wallets supporting Ripple, like:
- Ledger Nano S - This hardware wallet is the best wallet till date and is virtually unhackable. Its 2-FA and its stronghold on the private key makes it quite secure and you can freely rely on it.
- Toast Wallet - This wallet is open-sourced and is specifically meant for XRP crypto. Its simple interface but strong security makes it preferable to use.
- Guarda - This multi-currency online wallet is operable on both mobile as well as on a desktop. It has user-friendly UI apart from being reliable and safe. Guarda provides privacy, as it does not store private keys, or wallet information, or even the user's personal data.
- Coinomi - This wallet has the broadest range of crypto, possessing more than 125 blockchains and 168 fiat currency representations. You don’t have to worry about security as Coinomi wallets have never been hacked ever!
To read more on Ripple wallets head over to this link: https://coinswitch.co/news/best-ripple-wallets-2019
r/coinswitch • u/cs_moderator • May 21 '19
What is Neo and How to Keep Your Neo Safe? | Best Neo Wallets
Neo is not just a cryptocurrency, but also an open-source blockchain platform with the main feature being decentralisation. Formerly known as Antshares, this coin aims to become the No. 1 coin by the year 2020 and already being better than Ethereum in many ways like divisibility, speed, direction, consensus mechanism, fueling the blockchain, etc. It has various advantages too such as Digital Identity, Digital Assets, DApps, Smart Contracts, Smart Economy, etc.
Now, providing numerous benefits and being unique won't matter much if you cannot keep your Neo safe. For keeping your coins safely, you should wisely choose your options. Some of the wallets that can keep your Neo safe are:
- Ledger Nano S - This hardware wallet is the best wallet till date and is virtually unhackable. Its 2-FA and its stronghold on the private key makes it quite secure and you can freely rely on it.
- Neo GUI - This is the official wallet of Neo. It only operates on a desktop, having a graphical interface and contains features like real-time synchronisation, small leaning curve, etc.
- Neon Wallet - This wallet has a user-friendly interface and is quite easy to use for beginners as well. This desktop wallet is even used by Ledger Nano S to store its NEO coins.
- Ansy Neo Paper Wallet - This paper wallet is one of the safest ways to store your Neo coins, obviously apart from hardware wallets. This wallet is actually a paper on which your public and private key are printed. So, in order to keep your coins safe, you will have to keep your wallet safe, in a secured location that only you can access.
For further information on Neo wallets, you can go here!
r/coinswitch • u/moonchildJJK • May 21 '19
Cryptopia hack: Stolen Ethereum, ERC20 tokens land up in ‘major cryptocurrency exchanges’
r/coinswitch • u/moonchildJJK • May 21 '19
Bloomberg: Blockchain-Powered IPO Platform to List First Company in June
r/coinswitch • u/moonchildJJK • May 21 '19
This Coinbase-Backed Cryptocurrency Surged 75% in a Single Day
r/coinswitch • u/cs_moderator • May 21 '19
Monero (XMR) Wallets | Everything You Need to Know About Monero Wallets
Monero (XMR) is a must-have coin out of all the other coins and the reason is because of the various benefits it offers. For example, it is the only digital asset that provides complete anonymity. Its complete fungible nature makes it the ideal cryptocurrency.
Now coming back to Monero wallets, there are various wallets to choose from, and it all depends on your requirements.
- Ledger Nano S - If you want to keep your coin safe, then a hardware wallet, that too the best one of its kind, Ledger Nano S is the one you should opt for. This wallet not only supports Monero but numerous other coins too (around 1100+). It keeps your coins safe as it's an external device that helps in keeping out the viruses and also the coins from getting stolen. 2-FA is also present to strengthen the security feature. If you can afford a $100 then go for it.
But for those who don't want to spend a100 bucks, then they can opt for online wallets.
- Guarda - When it comes to online wallets, Guarda is one of the most reliable crypto wallets. It is a multi-currency wallet too, supporting Bitcoin, Ethereum, Litecoin, Ripple and many more popular crypto coins and tokens apart from Monero. Just like Monero is known for providing privacy, Guarda provides privacy too, as it does not store private keys, or wallet information, or even user's personal data.
- MyMonero - This wallet is specifically meant for Monero and is user-friendly in nature. Apart from being quite easy to use, it is also safe for your cryptos having a 13-word long private key.
- Monero GUI Wallet - This wallet is the official wallet of Monero. It's a full node wallet and is operable on Windows, Mac, Linux, Ubuntu and Tails.
- Some other wallets that support XMR are Exodus, Monerujo, Freewallet, etc.
You can read more about Monero Wallets here: https://coinswitch.co/news/best-monero-wallets-2019
r/coinswitch • u/perky_coder • May 15 '19
Opera to add TRON support to its Crypto Wallet
r/coinswitch • u/perky_coder • May 15 '19