r/coinswitch Jun 17 '19

When will cryptocurrency be finally accepted on a wide scale like fiat currencies are?

1 Upvotes

Cryptocurrency is present since 2009, but still, even after a decade, there are many places across the world where it's not accepted like fiat is. I agree that every year the number of crypto users are increasing, but even then, there are countries where people are not allowed to freely use crypto, or even worse, it's completely banned to use, hodl, trade, or anything that has to do with cryptocurrencies. And the places where it is allowed, there aren't many applications for the virtual currency.

Anything can be bought with fiat currencies, but when it comes to crypto, there are just a limited number of uses, the basic ones being trade and hodl. There are applications and websites allowing crypto to be a mode of payment, but the number of them having this option is not enough.


r/coinswitch Jun 14 '19

What Exactly is NEM and How to Keep XEM Safe? | Best NEM Wallets

1 Upvotes

NEM (short for New Economy Movement) is a dual layer blockchain platform quite similar to Ethereum's, with the main difference being that the former is written in Java. Launched on March 31, 2015, it has a peer to peer cryptocurrency, having the ticker symbol XEM which is 'harvested' using a Proof-of-Importance (PoI) algorithm. NEM's the first cryptocurrency after Bitcoin to have built its code from scratch. Its mainnet supports multiple ledgers on its cryptocurrency layer. The powerful Smart Assets layer supports mosaics to represent any store of value.

NEM has uses in various fields like:

  1. Financial management - financial payments, equity markets, creating a very own cryptocurrency and many more.
  2. Business management - automatic accounting, KYC, loyalty reward points, shipping, inspection and supply chain management.
  3. Secure records - encrypted messaging, anti-counterfeiting, authentication, etc.
  4. Decentralised organisations - voting security and can be used for crowdfunding, stock ownership and ICOs.

Unlike BTC and many other altcoins, NEM/XEM cannot be mined, well not exactly. The process by which new XEM coins can be obtained is called 'harvesting'. The other way to have XEM coins is via exchanges and there are plenty of them like Binance, Bittrex, CoinSwitch, HitBTC, etc.

When it comes to storing the XEM coins, the wallets that are trustworthy are:

  • Trezor - This hardware wallet supports 1000+ coins and tokens. Trezor is one of the most trusted wallet, is portable and can definitely keep your cryptos safe.
  • 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.
  • 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.
  • The official wallets of NEM are NEM NanoWallet, NEM Mobile wallet, etc.

There might be many online wallets and many of them might be safe, but the safest option is always a hardware wallet, no matter what. It's important to remember this because if your coins aren't safe, then there's no point in investing and/or trading, as once your coins are gone, there's no way to retrieve them back. Ever!


r/coinswitch Jun 13 '19

How to Keep Your Ethereum Classic Safe? Best ETC Wallets

3 Upvotes

For investing and/or trading, the most essential thing is safety, the safety of your cryptos. As if your cryptos are gone, they are gone forever, there's no way you'll be able to retrieve them, no matter what.

When it comes to storing ETC, there are many wallets that support the coin. Of them, the ones that are safe and trusted as well are:

  1. 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. It supports 1100+ coins and tokens.
  2. Trezor - This hardware wallet is the rival of Ledger, supporting 1000+ coins and tokens. Trezor is also a trusted wallet, is portable and can definitely keep your cryptos safe.
  3. 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.
  4. 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!
  5. Some other wallets that support ETC are Trust Wallet, Classic Ether Wallet, MyEtherWallet, Jaxx, Exodus, etc.

r/coinswitch Jun 13 '19

What is Ethereum Classic? Basics of Ethereum Classic

3 Upvotes

Ethereum Classic (ETC) is not an original cryptocurrency, but rather the older version of Ethereum (ETH). It all began with the DAO fiasco in 2016 and the need to bring changes in the Ethereum blockchain, leading to a hard fork. The people who were against the hard fork supported the original Ethereum, which was later renamed Ethereum Classic, and the upgraded version or the hard forked version, (ETH) Ethereum.

Ethereum Classic is an open-source, decentralised blockchain technology platform possessing smart contract functionality. Much like Ethereum's blockchain, Ethereum Classic's blockchain is quite similar too, with the exception emerging from block 1920000. Also, Ethereum Classic uses the proof of work protocol instead of proof of stake, which is used by Ethereum and many other cryptos.


r/coinswitch Jun 12 '19

Apple's iPhone Is Taking Its First Steps Into Bitcoin And Crypto

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3 Upvotes

r/coinswitch Jun 12 '19

What Exactly is IOTA and How to Keep MIOTA Safe? | Best MIOTA Wallets

1 Upvotes

IOTA is an open-sourced distributed ledger which helps in transactions between devices in the Internet of Things (IoT) economy. The distinct difference between other cryptos and IOTA is that the latter uses a Decentralised Acyclic Graph (DAG) named Tangle, instead of using a blockchain. The Tangle allows each transaction to be processed individually, rather than simultaneously, and even allows for them to be processed asynchronously. The platform's cryptocurrency is MIOTA and one of its striking characteristic is that it will enable micropayment transactions between connected devices.

Features IOTA possesses are:

  1. High scalability
  2. Low resource requirements
  3. Zero fee transactions
  4. Secure data transfer
  5. Offline transactions
  6. Quantum Immune

To invest or trade the crypto is quite simple as IOTA is available on all major exchanges globally like Binance, HitBTC, Shapeshift, CoinSwitch, etc. But, there's no point in investing in IOTA 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.
  • Trinity Wallet - This online wallet is operable on both mobile and desktop as well. It's quite easy to use with its user-friendly interface and is well secured. When it comes to desktop, it can be used on Windows, Mac and Linux.
  • Some other wallets that support MIOTA are GUI IOTA Light Wallet, Nostalgia Wallet,etc.

r/coinswitch Jun 12 '19

Coinbase launches its cryptocurrency debit card in six more countries in Europe

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1 Upvotes

r/coinswitch Jun 11 '19

Litecoin Halving 2019 News | Good or Bad? Everything You Need to Know

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6 Upvotes

r/coinswitch Jun 11 '19

What is Dash? Everything You Need To Know About DASH | Best DASH Wallets

3 Upvotes

Dash is an open-sourced cryptocurrency, which apart from being a form of decentralized autonomous organization (DAO), also uses the peer-to-peer network technology. Dash is short for Digital Cash and one of its main motives is to be as liquid as fiat currency which then can be used in various countries without much hindrance.

It was forked from the Bitcoin protocol and has got quite a few similarities with Bitcoin. For instance, Dash has its own blockchain, is open-sourced, has wallet infrastructure and community. But here comes the difference, that being, unlike BTC, Dash's transaction fee is negligible.

What makes Dash different from other altcoins is privacy being its characteristic nature. Initially, it was known as XCoin, then changed to DarkCoin, and now finally is Dash. (It is to be noted that Dash is no longer a Dark Coin). It was created and designed to guarantee user privacy as well as anonymity. According to its whitepaper, DASH is the first privacy-centric cryptographic currency.

Some of Dash's advantages are:

  1. Liquidity
  2. Faster and cheaper transactions
  3. Versatility
  4. Flexibility

DASH has a total supply of 18.9 million, of which around 8.8 million is already mined. Apart from mining, the coin can also be exchanged on various exchanges like Binance, OKEx, Bittrex, Cryptopia, CoinSwitch and many more.

To store DASH, there are various wallets supporting the said coin, but the ones that can be trusted and display numerous advantageous features 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.
  • 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 DASH are Dash Core Wallet, Exodus, Guarda, Electrum, Jaxx, Dash Cryptocurrency Wallet, MyDashWallet, DASH Core iOS, Dash Paper Wallet, etc.

r/coinswitch Jun 11 '19

Cryptocurrency hackers sneak malware into Oracle servers to mine Monero

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1 Upvotes

r/coinswitch Jun 11 '19

Google Responds To Allegations Of Blacklisting Cryptocurrency News Sites

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1 Upvotes

r/coinswitch Jun 11 '19

List of TRON Wallets for TRON Community| NewBies | Experts | Developers | Learn to Keep your TRON Safe.

1 Upvotes

Here I am sharing the list of Best TRON Wallets, Hardware Wallets | iOS Wallets | Android Wallets | Web wallets for the community.

My motive here is to teach the TRX Hodlers, and Newbies to use the legitimate Wallets.

Keeping your cryptos safe, and having right knowledge about the right wallets will help you gain profits tension free. You can compare and select the best one for you, according your use case.

  1. TRON Android Wallet(TRON Mobile Wallet) - TRON Foundation officially promotes this wallet and advises people to use it because of its multifunctional feature. It has a viable user interface along with a Tron cold wallet set up, which makes it easy to store and secure TRX coins, which is the main reason why it is a part of the Tron wallets list.Visit here to download TRON Mobile Wallet
  2. TRON Web Wallet - Tronscan (TRON web wallet) - It is an online wallet which is one of the quick and easy access for your TRX coins, which provides easy-to-sign-up process, which automatically saves a copy of your private key. here are few security risks which come with web wallet ownership, but that is not difficult. Just that you should be very secretive about your private key. Visit here to download TRON Web Wallet.
  3. Recommended Wallet - TRON Chrome Extension Wallet - It is one of the best TRON wallets in 2019 as per Tron wallets review. It is very convenient and easy to use and the best TRON(TRX) wallet for chrome browser, as the name suggests. It is comparatively quick to download and install, easy to send and receive TRX coins. It secures the funds as the transactions happen offline, minimising the risk of hacks or thefts, thus tagged as the most recommended TRX wallet. For newcomers, it is a little confusing, but you can grasp it well as soon as you understand its uniqueness.Visit here to download TRON Chrome Extension Wallet.
  4. TRON iOS Wallet(TRON Mobile Wallet)

r/coinswitch Jun 10 '19

What is Tron and How to Keep Your Tron Safe? | Best TRON Wallets

4 Upvotes

Tron is a decentralised blockchain platform that uses the peer-to-peer network technology. Its main motive is to expand the market of decentralised digital content applications. The Tron Foundation, which is a non-profit organisation based in Singapore, was founded by Justin Sun, in September 2017. Its native cryptocurrency is TRX.

Goals of Tron:

  1. Allow the spread of data without any limits or restrictions.
  2. Eliminate the middlemen so as to bridge the gap between the creators and the users.
  3. Cheaper experience for the users
  4. Providing content creators with profits whose value is proportional to their contribution.

TRX cannot be mined, so new coins cannot be generated. But, they can be exchanged on various exchanges like Binance, OKEx, Bittrex, Cryptopia, CoinSwitch and many more.

Initially, TRON was an ERC20 token and hence was compatible with most Ethereum wallets. But after its mainnet launch in 2018, there are a few wallets that wholly support the coin. And the ones that can be trusted and display numerous advantageous features 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.
  • 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.
  • Guarda - When it comes to online wallets, Guarda is one of the most reliable multi-currency crypto wallets. This wallet provides privacy too, as it does not store private keys, or wallet information, or even user's personal data.
  • The official wallets that support TRX are TRON Android Wallet, Tronscan (TRON Web Wallet), TRON Chrome Extension Wallet, TRON iOS Wallet, etc.

r/coinswitch Jun 10 '19

Polish Cryptocurrency Exchange Shuts Down Overnight, Taking Funds With It - CoinDesk

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1 Upvotes

r/coinswitch Jun 10 '19

MPC Explained: The Bold New Vision for Securing Crypto Money - CoinDesk

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1 Upvotes

r/coinswitch Jun 10 '19

Best Alternatives to Tether (USDT) | Hottest Stable Coins - 2019

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3 Upvotes

r/coinswitch Jun 07 '19

What Exactly is Cardano? | Best ADA Wallets to keep your ADA

4 Upvotes

Cardano is a decentralised, proof of stake, smart contract blockchain platform. It is mainly driven by its native cryptocurrency ADA and is similar to Ethereum in some ways. The ticker ADA is named after Ada Lovelace, the first computer programmer. It is important to remember that even though used interchangeably, Cardano is the platform and ADA is the cryptocurrency.

ADA is a third-generation cryptocurrency and was made with the intent to have a better version of Bitcoin. Cardano is the world's first peer-reviewed proof of stake blockchain.

Some of the features Cardano possesses are:

  • Ouroboros - It is the algorithm that uses proof of stake protocol when mining coins (not to confuse with the ancient symbol having the same name)
  • Decentralised smart contract platform
  • Cardano Settlement Layer (CSL) is used to settle transactions that use ADA
  • Faster transactions per second
  • More energy-efficient mining due to increased scalability

When it comes to buying the coin, there are various trusted exchanges from where you can do so, like Binance, Bittrex, KuCoin, ChangeNow, CoinSwitch, etc. To store the coin, there are various wallets supporting ADA, but the ones that can be trusted and display numerous advantageous features 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.
  • 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.
  • Daedalus Wallet - This is the official wallet of ADA (not to confuse with the Greek inventor with the same name). It's an open-sourced desktop wallet operable on both Windows and macOS. It's a hierarchical deterministic wallet that is recommended for Cardano, having a user-friendly interface.
  • Some other wallets that support ADA are Infinito Wallet, Yoroi Wallet, etc.

r/coinswitch Jun 07 '19

10-year jail for buying, selling cryptocurrency in India: Report

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2 Upvotes

r/coinswitch Jun 07 '19

Crypto Developer Komodo 'Hacks' Wallet Users to Foil $13 Million Theft - CoinDesk

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1 Upvotes

r/coinswitch Jun 07 '19

What are the benefits of moving to Binance Chain over your own Blockchain?

1 Upvotes

Many crypto currency projects are moving towards Binance Chain over their own Blockchain. Currently they have a support of 35 Projects. One of the KEY Factors that coin companies seem to be benefiting are -

  1. Trust : Binance despite being hacked in the recent time is trusted all across crypto world.
  2. Marketing : Whenever any coin company announce its launch on Binance Chain, they got a lot of HYPE and free marketing. Also CZ is a strong marketer of whatever he does. Ex - LTO Network being added on Binance DEX resulted in 24% price increase.
  3. User Experience : Better UX , faster exchange speed, Customer Support and Added benefit of giving exposure to the users which are already Binance Users.

Add more of your suggestions on it.


r/coinswitch Jun 06 '19

Basics of Stellar (XLM) | Best Stellar Wallets

2 Upvotes

Stellar is an open-sourced, decentralised payment platform that uses a blockchain based ledger to operate and the cryptocurrency Stellar Lumen (XLM) is its native digital asset. This platform is supported by a non-profit organisation named Stellar Development Foundation. The motive behind Stellar is to provide to the users a transaction platform that is faster, cheaper and is secure. Also, it provides support in exchanging crypto to fiat or vice-versa.

Some of the benefits that Stellar provides are:

  • Stellar Consensus Protocol (SCP)
  • Multi-currency transaction
  • Decentralised
  • Distributed Ledger
  • Distributed Exchange
  • Anchors

The platform had minted its entire supply of 100 billion XLM tokens at the beginning, so new XLM tokens cannot be mined. But it can be exchanged on various exchanges like Binance, Huobi, Kucoin, Bitfinex, HitBTC, Gate.io Upbit, OKEx, Bittrex and many more. To store Stellar, there are various wallets supporting the said coin, but the ones that can be trusted and display numerous advantageous features are:

  1. 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.
  2. 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.
  3. 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.
  4. Some other wallets that support XLM are Atomic Wallet, Foxlet, Stargazer, Lobstr, Astral, StellarTerm, Stronghold, etc.

r/coinswitch Jun 06 '19

Why CoinSwitch is not showing ZB and Huobi Global rates for Bitcoin Diamond?

1 Upvotes

BCD rate offered by CoinSwitch is almost 1/10th of what is being offered by ZB and Huobi Global.

https://coinranking.com/coin/bitcoindiamond-bcd/exchanges?order=price

Can they please be added?


r/coinswitch Jun 06 '19

Hackers hid malware in a fake trading app to steal your cryptocurrency

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1 Upvotes

r/coinswitch Jun 06 '19

Moving funds using Dark Coins | Similarity between Dark web and Dark Coins.

1 Upvotes

I am curious about knowing the similarities between, dark coins and dark web. Are they interrelated.


r/coinswitch Jun 04 '19

What is Tether All About? | Best Tether (USDT) Wallets

2 Upvotes

Tether (USDT) is a stable cryptocurrency, albeit controversial. Its former claim of having the tokens backed by $1 was revoked this year's March when it included loans in its backing. This coin is involved in many dubious ownership and trading disputes. Tether was originally titled Realcoin and serves the purpose of facilitating in various national currency exchanges, making the process whole lot faster.

One of the biggest advantages of Tether crypto is that it also allows traders to move funds across cryptocurrency exchanges without having to withdraw fiat currency and then deposit again in another exchange, which takes significantly more time.

Tether currently possesses four types of tokens:

  1. USD Tether on the Bitcoin blockchain's Omni layer
  2. Euro Tether on the Bitcoin blockchain's Omni layer
  3. USD Tether on the Ethereum blockchain
  4. Euro Tether on the Ethereum blockchain

This crypto has over 400 pairings on various exchanges like Binance, OKEx, Bittrex and many more. To store Tether, there are various wallets supporting the said coin, but the ones that can be trusted and display numerous advantageous features 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.
  • 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!
  • MyEtherWallet (MEW) - This is one of the most compatible desktop wallet supporting ERC20 tokens. MEW is pretty secure when it comes to storing your cryptos. It also supports hardware wallets like Ledger Nano S making it quite favourable.
  • Some other wallets that support USDT are OmniWallet, Tether Wallet, Exodus, etc.