Posts

Showing posts with the label how to start

Securing your NFTs: What you really need to do?

Image
A lot of new people got into crypto just now with the onset of NFTs. Well folks, you missed most of the fun, but that's not what this post is about. NFTs, or non-fungible tokens, are  digital assets that are stored on a blockchain. This makes them unique and immutable, meaning they can't be copied or changed. Now, since these are stored on a blockchain, you need a wallet that can interact with that blockchain. That's why you need a crypto wallet. At the same time, you do not actually need anything special. If you have millions of dollars worth of NFTs, then sure. But for most NFT traders, that will never be an issue.  NFTs are just tokens The fact that NFTs are just tokens means you can store them in any wallet that is compatible with their blockchain: ETH NFTs in an Ethereum wallet SOL NFTs in a Solana wallet ETC NFTs in an ETC wallet (yes, they're a thing too) So, when all is said and done, the easiest solution is a multi-coin wallet. The best one of them, and a free ...

Crypto Trading: Where to start?

Image
 Need to take a stab at trading digital currencies, however don't have the foggiest idea where to begin?  Digital money and crypto speculation has become a genuine wellspring of income for some over the most recent couple of years.  It is true that you don't need to be a specialist to make some profit on crypto markets, after all there's no school for that. Still, there are a few rudiments to how to begin.  1. Pick the correct crypto wallet  A cryptocurrency wallet is an app  where you keep your crypto money and tokens.  It is protected with password and 2FA, ideally.  There are a few kinds of crypto wallets (hardware, desktop, phone apps, paper wallets). Practically all cryptocurrencies offer their official wallets, the links can be found on their websites. It can be easier in terms of usability to pick a multicoin wallet . When you pick a wallet that suits your requirements best, you can begin searching for a trade to exchange.  2. Pick a t...