Category Archives: Cryptocurrency

Buy Cryptocurrency with Credit Card or Bank Transfer now …

Over 1M investors from over 190 countries already use Coinmama for making cryptocurrency investments, thanks largely to our 24/7 customer service.

Do you wish to buy cryptocurrency instantly? Coinmama has created. Simplified procedure for you! You can now buy cryptocurrency by doing the following:

Sign up with Coinmama and create your account. It takes just a few minutes! A confirmation link will be sent to your email once you are done.

You need to verify your account before buying cryptocurrency. This involves the uploading of your passport, national ID or other documents based on your preferred level of verification. Once processed, approved and cleared, you can buy cryptocurrency for up to 15,000 USD with your credit or debit card.

Log in to the Coinmama account you created earlier, enter the desired wallet address, fill out the form and buy cryptocurrency.

Dont have a credit card at your disposal? You can also buy cryptocurrency with debit card! Coinmama accepts payments via Visa and Mastercard. American Express, Discover and PayPal are currently not accepted. Regardless of your preferred method of payment, just make sure that the card belongs to you.

To learn more about how to buy cryptocurrency, visit our Knowledge Base.

You can now buy cryptocurrency with bank transfer! We currently accept orders of up to 12,000 USD per business day, offering higher spending limits and lower fees.You can now buy cryptocurrency with bank transfer! We currently accept orders of up to 12,000 USD per business day, offering higher spending limits and lower fees.

Please note that this method is available through SEPA bank transfer in Europe and through SWIFT transfer in the rest of the world.

Cryptocurrency is a general name referring to all encrypted decentralized digital currencies such as Bitcoin, Litecoin, Ethereum and Ethereum Classic. They use cryptography to create coins and secure transactions. Typically, cryptocurrencies are open source and the transactions are based on blockchain technology.

Cryptocurrencies are traded via wallets, which are used to store, send, and receive digital currency. Most coins have an official wallet or a few officially recommended third-party wallets. You cannot invest in any cryptocurrency without using a dedicated cryptocurrency wallet.

With Coinmama, you can skip complex processes like mining and just buy cryptocurrency securely with your credit or debit card. Lets get started!

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Buy Cryptocurrency with Credit Card or Bank Transfer now ...

Best 10 Cryptocurrency Brokers – Updated for 2019 (Safe …

Daniel Harris Major

I have tested 40+ crypto brokers. You can find the best cryptocurrency brokers below. This is by far the easiest way to get started with cryptocurrencies.

Cryptocurrency trading has become really popular in the past years. Its growing more ever year.

Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading Bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.

After trying out most brokers, here are the best cryptocurrency brokers:

Rated #1 out of 40+ tested brokers.

Plus500 is one of the most known names in the trading industry. They have a really low minimum deposit requirement and a great trading site.

Buy/Sell Bitcoin on Plus500 in addition to buying stocks, commodities, forex etc. Plus500 is the most complete trading platform.

Plus500 Pros:

Plus500 Cons:

80.6% of retail CFD accounts lose money. Plus500CY Ltd authorized & regulated by CySEC (#250/14).

Rated #2 out of 40+ tested brokers.

eToro is a really popular trading site. They have been around since 2006. eToro is regulated by CYSEC, FCA and ASIC.

Buy/Sell Bitcoin on eToro in addition to buying stocks, commodities, forex etc. eToro is the most complete trading platform.

eToro Pros:

eToro Cons:

eToro Disclaimer: 75% of retail investor accounts lose money when trading CFDs with this provider.

Rated #3 out of 40+ tested brokers.

If you dont want to make a huge initial investment, then IQ Option is the best broker for you. The minimum deposit requirement is only $10. This is by far the lowest in the industry.

IQ Option Pros:

IQ Option Cons:

Rated #4 out of 40+ tested brokers.

Due to regulation HighLow stopped accepting traders from the EU and UK.

Highlow is an Australian trading broker (AFSL No.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.

Ive been using highlow for a few years now and I never had a problem. Highlow publishes their number of trades on the homepage. There are millions of trades on this broker each month.

I use the main platform which is web based. This means, that you dont have to download any software. This platform is stable and safe (they use SSL).

I have also tried the iOS app and the android app. They are great, but I just dont like trading on smartphones in general.

The payouts on Highlow are amazing (up to 200%, which is more than on other brokers).

Highlow is a great broker for cryptocurrencies (but only if you are not from EU,UK, US). They have a good reputation, great support team and awesome promotions for new traders.

Highlow Pros:

Highlow Cons:

Here are the most popular cryptocurrencies offered by cryptocurrency brokers:

These are the best brokers with low minimum deposit requirements:

This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe.

Weve also looked at the support team and the payment methods. You can deposit easily using multiple payment methods on the brokers below.

While we are all familiar with the broad definition of a broker, is there something more to it when it comes to cryptocurrencies?

Simply put, a cryptocurrency broker refers to a website that traders will visit to trade cryptocurrencies at a set price. In many ways, they are similar to forex brokers whose services are a lot more familiar to the general public.





Plus500 Disclaimer: 80.6% of retail CFD accounts lose money.eToro Disclaimer: 75% of retail investor accounts lose money when trading CFDs with this provider.

You still cant decide which broker is best for you?

Is Leverage Really Necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.

Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.

Negative Balance Protection: It is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.

How Suitable Is The Required Capital For You? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.

Narrow Spreads for the Win: Let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.

A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.

Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies.

Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.

If your choice is a prominent cryptocurrency like Bitcoin (official site), Litecoin (official site), or Ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like Monero, IOTA, or Zcash may be a little harder to come by.

So study the cryptocurrencies being offered by a broker before you sign up for an account.











Plus500 Disclaimer: 80.6% of retail CFD accounts lose money.eToro Disclaimer: 75% of retail investor accounts lose money when trading CFDs with this provider.

No broker is perfect.

Here are some features that these broker have or dont:

Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.

1. What Are The Weekend Hours Like?

This is a key detail that distinguishes cryptocurrencies from other prominent trading markets like forex, futures, and equity. Cryptocurrency brokers operate during the weekends as well.

There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.

But there is a catch. While digital currency exchanges are available during the weekend, your broker may not (Why is the stock market closed on the weekend?). So in effect, if there is considerable movement within your relevant cryptocurrency market during a weekend when your broker is not operating, you may not have the ability to respond in any way.

2. How Is It Hedging?

Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information for you to know.

Why is it so important for you to know?

Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker. Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you.

Commissions and Trading On Margin An important thing to note while trading cryptocurrencies is that their prices tend to be more similar to equities than they are to real currencies. So your broker could be charging you commissions in addition to a wide spread on each trade. That, of course, raises the cost probably a bit much for your liking.

Another similarity with equities is that the margin conditions with cryptocurrencies are significantly more than they are with forex or CFDs. Consequently, leverage is usually up to 10x. How considerable the margin rate will be for traders is down to what trading strategies and risk management they subscribe to.

Authenticity of Market Data Aside from merely evaluating how it influences spreads, market data for cryptocurrency CFD prices can be a good indicator of how the quality of the product will be in the future.

One of the more recent examples of this is BTC-e which was an immensely popular platform for trading bitcoin before it was shut down by Feds. BTC-e was the first bitcoin exchange to incorporate forex trades and so made their exchange accessible via MT4 and supplied cryptocurrency liquidity for brokers.

But once it was shut down, every broker that depended squarely upon BTC-e was left with no hedging options or market data to put a price on its crypto CFDs.

Are Short Sales Available? For many traders, shorting is a crucial strategy option, the lack of which can be a deal breaker with a potential broker. Many brokers tend to offer long only since there are only a few hedging solutions when opening short trades.

As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right.

And a lot of that is down to which broker you decide to trade with.

Trade with the cryptocurrency brokers listed above to make sure that your money is safe, you pick a broker with a stellar reputation and you keep the fees low. Excel at trading bitcoin by creating your own trading strategy.

These cryptocurrency brokers make it really easy to trade bitcoin and other coins. You dont have to be a trading expert. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.

Sign up now and see for yourself how easy it is to get started.

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Best 10 Cryptocurrency Brokers - Updated for 2019 (Safe ...

Fidelity Said to Offer Cryptocurrency Trading Within a Few …

Fidelity Investments, which began a custody service to store Bitcoin earlier this year, will buy and sell the worlds most popular digital asset for institutional customers within a few weeks, according to a person familiar with the matter.

The Boston-based firm, one of the largest asset managers in the world, created Fidelity Digital Assets in October in a bet that Wall Streets nascent appetite for trading and safeguarding digital currencies will grow. It also puts Fidelity a step ahead of its top competitors that have mostly stayed on the sidelines so far. The firm said in October that it would offer over-the-counter trade execution and order routing for Bitcoin early this year.

Fidelity would join brokerages E*Trade Financial Corp. and Robinhood in offering cryptocurrency trading to clients, though Fidelity is only targeting institutional customers and not retail investors like E*trade and Robinhood, said the person, who asked not to be named discussing private matters. A study released by Fidelity on May 2 found that 47 percent of institutional investors think digital assets are worth investing in.

We currently have a select set of clients were supporting on our platform, Fidelity spokeswoman Arlene Roberts said in en email. We will continue to roll out our services over the coming weeks and months based on our clients needs, jurisdictions, and other factors. Currently, our service offering is focused on Bitcoin.

According to the survey, which questioned 441 institutional investors from November to February, 72 percent prefer to buy investment products that hold digital assets, while 57 percent choose to buy them directly.

The hurdle to make crypto appeal to more mainstream investors is that it continues to be plagued with fraud, theft and regulatory infractions. The latest case involves the New York attorney general accusing Bitfinex, one of the largest Bitcoin exchanges, of hiding the loss of about $850 million in client and corporate cash. Vancouver-based Quadriga Fintech Solutions Corp., which is going through bankruptcy in Canada, owes 115,000 clients about $193 million in cryptocurrencies and cash after the death of founder Gerry Cotten last year.

Bitcoin has jumped more than 50 percent this year, extending the wild price swings that have attracted many individual investors to the mostly unregulated coin. The original digital currency gained widespread notoriety when it surged 1,400 percent in 2017, before tumbling 74 percent last year.

Before it's here, it's on the Bloomberg Terminal.

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Fidelity Said to Offer Cryptocurrency Trading Within a Few ...

Is This Cryptocurrency The Next Bitcoin? –

Bitcoin, which has been rallying over the last few weeks after being trapped in a more than year-long bear market, remains far below its all-time high of near $20,000 per bitcoin as traders and investors wait for major financial institutions and retailers to wade into cryptocurrencies.

The bitcoin price has recently climbed back above the psychological $5,000 per bitcoin mark, adding some 45% so far this year. Some smaller cryptocurrencies have climbed far more with a few, including binance coin, created by the Malta-based bitcoin and cryptocurrency exchange Binance, rallying back to all-time highs set in late 2017.

Now, bitcoin and cryptocurrency financial rating agency,Weiss Ratings has suggested binance coin could be the next bitcoin due to it dictating the direction of the market in recent weeks.

Many smaller cryptocurrencies, as well as bitcoin, have climbed in recent months with binance coin adding 300% so far this year.

Bitcoin has historically decided the direction of the cryptocurrency market, with bitcoin's price moves pushing and pulling smaller cryptocurrencies.

As the cryptocurrency market has matured, however, smaller cryptocurrencies have increasingly found their own direction independent of bitcoin, with binance coin, an ethereum token used to pay fees on Binance, the world's largest cryptocurrency exchange by volume, increasingly leading the market, according to Weiss Ratings.

Binance coin is up by more than 300% this year,gaining the most of thetop 10 cryptocurrencies by market capitalization, CoinMarketCap data shows. The recent launch of Binance Chain earlier this month triggered another binance coin price rally, taking it above its previous all-time high of $24 per token.

Weiss Ratings took to Twitter to suggest binance coin could be the new bitcoin.

Last month, Weiss Ratings gave binance coin an overall rating of B-, putting it in the same class as bitcoin, Ripple's XRP, and EOS, a rival to ethereum.

The Weiss report gave the world's biggest cryptocurrencies overall score, most of which were not as good as their combined tech and adoption grades. EOS, bitcoin, Ripple's XRP, and binance coin all scored a B-, while litecoin, ethereum, cardano, stellar, Neo, and tron were assigned a C+.

"Binance merits a B-, but its grade is currently influenced by a recent surge in its market price, which may not be sustainable," the report authors warned.

Thereport, tantalizingly entitled Dark Shadows With A Bright Future, also assigned letter grades to cryptocurrencies that have the best combination of adoption and technology, putting EOS at the top of the field, above its long-time rival ethereum and in the same class as bitcoin and Ripple's XRP.

Weiss Ratings gave binance coin the same overall grade as bitcoin, EOS, and Ripple's XRP.

Binance coinis currently the seventh biggest cryptocurrency by market capitalization, according to CoinMarketCap data, with a total value of $3.3 billion. This is a far cry from bitcoin's lofty valuation, which is nudging $100 billion.

Binance coin has been boosted recently by the well-publicized launch of theBinance DEX (Decentralized Exchange) after the company released its testnet for public use in February.

The Binance DEX is expected to be the world's first widely-used decentralized exchange and is built on Binances own blockchain, Binance Chain. The decentralized exchange will allow users to retain control of their own private keys, something that many cryptocurrency users have long called for so hackers are not able to break into accounts if the centralized exchange database is compromised.

Binance coin has been climbing ahead of the launch of Binance's decentralized exchange.

Meanwhile, Binance has courted controversy recently with the "de-listing" of bitcoin SV, a fork of bitcoin which split from bitcoin cash last November.

Last week, Binance said it will de-list bitcoin SV, striking it from the exchange as of April 22 as it no longer "meet[s] the high level of standard we expect."

Ahead of the decision, which was then adopted by other major crypto exchanges, the widely-respected chief executive of Binance, Changpeng Zhao (often known simply as CZ), warned that his exchange could remove bitcoin SV if its biggest proponent, Craig Wright, continues to claim to be bitcoin's creator, the mysterious Satoshi Nakamoto, and attack those who disagree with him.

Bitcoin SV developers and supporters attacked the decision, accusing Binance and CZ of "market manipulation."

"This decision will certainly be reported to the Maltese regulators as this is surely a case of people in trusted positions abusing that trust and playing God with which token gets the most volume and market access," Calvin Ayre, a supporter of Wright and the founder and owner of CoinGeek, a cryptocurrency miner and developer, told theFinancial Timesin response to the de-listing. "In essence, market manipulation."

"The decision to delist bitcoin SV seems to be based on the fact that they dont like one scientist that works on the platform," Ayre added. "Craig [Wright] doesnt own [bitcoin SV], nor does anybody, so this appears to be very unprofessional. An exchange should just want volume of trading not picking which horses it wants to win the race and, as a result, smells of fear and manipulation."

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Is This Cryptocurrency The Next Bitcoin? -

Samsung is developing its own blockchain network, report claims


Image: Raymond Wong/Mashable

Samsung is developing a blockchain network and potentially a cryptocurrency token called "Samsung Coin."

This is according to a report by CoinDesk Korea, which cites an unnamed company official familiar with "Samsung's internal situation."

Details are scarce, and nothing is confirmed, but the blockchain network could either be public or hybrid a combination of public and private blockchains.

One important detail: This blockchain network will reportedly be based on Ethereum, a popular smart contract platform which makes it fairly easy to deploy your own cryptocurrency token.

Once the blockchain development is finalized, the company might move to launch its own Samsung Coin crypto-token, though "the direction has not yet been decided."

Samsung has been working on this project for at least a year, the source said.

Samsung has dipped its toes into crypto waters by introducing a cryptocurrency wallet and decentralized app support on its Galaxy S10 phone, but this is the first time I've heard of the company building a blockchain-based network and a cryptocurrency/token of its own.

It's hardly a surprise, though numerous tech companies, including Microsoft and Facebook, are working on blockchain projects. There's no word on what Samsung plans to do with its blockchain, but the company has a mobile payment/wallet service, Samsung Pay, which might benefit from cryptocurrency integration.

We've asked Samsung about its blockchain-related efforts and will update the article when we hear from them.

Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH.

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Samsung is developing its own blockchain network, report claims

Cryptocurrency Definition |

Cryptocurrency is a type of decentralized digital currency. Cryptocurrencies utilizeblockchainledgerstorecord and validate transactions. The first cryptocurrency wasbitcoin, which debutedin 2009, and nearly 900 cryptocurrencies have been created as of 2017, although very few have seen widespread adoption.

When cryptocurrency is used to pay for goods or services, eachtransaction is securely encrypted and recorded in a public ledger called a blockchain. The blockchain ensures acryptocurrencys integrity and eliminates the need for a central administrator, such as a treasury or acentral bank. Cryptocurrency users connect directly to each other in eer-to-peer transactions, with a degree of anonymity provided by the blockchain ledger. Acryptocurrency walletis used to store various kinds of cryptocurrency.

Bitcoin was the first cryptocurrency and it remains the most popular, with millions of users trading the 16 million bitcoins currently in electronic circulation. In its wake, many imitators appeared, andvirtually all of them replicated bitcoins approach while adding uniquetwists. Some of the first imitators, such as Namecoin and Litecoin, improved upon bitcoins security, although none of them have seenmainstream adoptionlike bitcoin, which as of 2017 is accepted at over 100,000 online retailers.

Other cryptocurrencies, like Nxt,resemble acomputing platform morethan a currency used for payment purposes. Where bitcoin simply registers ownership of coins, Nxts blockchain offers several transaction types, such asdata storage or commodities trading, and allows users tobuild apps that utilize the Nxt blockchain.

Ethereum is a cryptocurrency calledether to power a globally shared computer environment. Ethereum transactions are validated on a blockchain like other protocols, but these transactions dont simply confirm spent cryptocurrency; rather, whole computations are recorded in each block, and the price of performing the computation, whats called gas, is paid with ether. The processing power necessary for the computation is provided by users called miners who keep the ether as a reward.

Not ready to take the cryptocurrency plunge? You can always make online payments with a credit card, and Bankrate has the list of the best cash-back cards.

One way to understand the difference between bitcoin andethereum is to think of bitcoin as a currency enabled by a blockchain and ethereum as a blockchain enabled by currency. Whereas bitcoin exists to be spent, ethereums purpose is to provide a computing and business ecosystem. You cant spend ether on Amazon like you can with bitcoin, but you can use it to run an ethereum-based business or app without a middleman like J.P. Morgan or Apple.

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Cryptocurrency Definition |

2019s best cryptocurrency wallets | 70+ compared |



NEW The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S.

Desktop Client


Store, buy and sell 300+ cryptocurrencies using Atomic Wallet's in-built atomic swap exchange.



Buy, send and convert more than 35 currencies at the touch of a button.



Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.



TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.



Buy and hold 28+ cryptocurrencies and more than 50 different fiat currencies in this all-in-one wallet and exchange app.



A mobile hardware wallet for iPhone or Android designed to offer wireless bluetooth transactions and cold storage.



A NFC cryptocurrency wallet card with a mobile app that supports major cryptos and select ERC20 tokens.



The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.

Desktop ClientWeb


Along with being a decentralised cryptocurrency exchange, offers users access to its beta release atomic swap wallet.



As well as being a cryptocurrency exchange, Coinbase offers one of the most popular web wallets accessible by mobile.



Protect your digital assets from hackers with the virus- and malware-proof KeepKey hardware wallet.

Desktop ClientMobileWeb


A relatively new wallet on the market, Jaxx offers multi-platform support for seven different cryptocurrency assets.

Desktop Client


Founded in July 2016, this free desktop wallet offers support for multiple cryptocurrencies including live chart tracking features.



A multi-coin crypto wallet designed for storing multiple cryptocurrencies on your mobile, including bitcoin and Ethereum.

Desktop ClientMobile


Electrum's desktop wallet is designed to efficiently store your BTC on multi-platforms like Windows, Mac and Linux.

Desktop Client


Armory is the only open-source wallet with cold storage and multi-signature support features to protect your cryptocurrency.

Desktop ClientMobile


Developed for bitcoin storage only, GreenAddress offers two-factor authentication and protection of your digital assets.



Bread, previously known as Breadwallet, is a free digital wallet app focused on protecting your personal privacy during BTC storage.

Desktop ClientMobileWeb


Developed by BitPay to secure BitPays funds, Copay has quickly emerged as one of the leading wallet platforms on the market.



Home to over 15 million wallets, Blockchain delivers an online solution for safe ETH and BTC storage.



Founded in 2008, Mycelium is a well-established player in the digital currency industry, evolving to meet the growing needs of bitcoin users.



A multi-currency wallet designed with an emphasis on security, privacy and user-friendliness.



A web and mobile wallet designed to make it safe and easy to send, receive and store both Bitcoin Cash and bitcoin.

Desktop Client


Securely store Ether and other digital assets on the official Ethereum wallet, otherwise known as the Mist wallet.


ETH, ETC, EOS & ERC20 tokens

MyEtherWallet (MEW) is a free, open source tool for creating wallets that work with the Ethereum platform.

Daedalus Wallet

Desktop Client


Developed by the team behind Cardano, Daedalus is an open source desktop wallet designed specifically for ADA.

MetaMask Wallet



A popular Ethereum wallet, MetaMask provides private key protection for sending and storing Ether.




Developed by the creators of Litecoin, LoafWallet allows you to securely store Litecoin on iOS and Android.


ENJ, BTC, ETH, LTC, ERC20, ERC721, ERC1155

Developed by the Enjin Coin team, Enjin Wallet is a mobile multi-crypto wallet designed to be portable, secure and easy.

LiteVault Wallet



Store, send and receive LTC via the open source, web-based LiteVault wallet.

ethaddress Wallet



2019s best cryptocurrency wallets | 70+ compared |

A Beginner’s Guide to Cryptocoin Mining: What You Need to …

Mining cryptocoinsis an arms race that rewards early adopters. You might have heard of Bitcoin, the first decentralized cryptocurrency that was released in early 2009.Similar digital currencies have crept into the worldwide market since then, including a spin-off from Bitcoin called Bitcoin Cash. You can get in on the cryptocurrency rush if you take the time to learn the basics properly.

If you had started mining Bitcoins back in 2009, you could have earned thousands of dollars by now. At the same time, there are plenty ofways you could have lost money, too.Bitcoinsare not a good choice for beginning miners who work on a small scale. The current up-front investment and maintenance costs, not to mention the sheermathematical difficulty of the process, just doesn't make it profitable for consumer-level hardware. Now, Bitcoin mining is reserved for large-scale operations only.

Litecoins, Dogecoins, and Feathercoins, on the other hand,are three Scrypt-based cryptocurrencies that are the best cost-benefit for beginners.

Dogecoins and Feathercoins would yield slightly less profit with the same mining hardware but are becoming more popular daily. Peercoins, too, can also be a reasonably decent return on your investment of time and energy.

As more people join the cryptocoin rush, your choice could get more difficult to mine because more expensive hardware will be required to discover coins. You will be forced to either invest heavily if you want to stay mining that coin, or you will want to take your earnings and switch to an easier cryptocoin. Understanding the top 3 bitcoin mining methods is probably where you need to begin; this article focuses on mining "scrypt" coins.

As a hobby venture,yes, cryptocoin mining can generate a small income of perhaps a dollar or two per day. In particular, the digital currencies mentioned above are very accessible for regular people to mine, and a person can recoup $1000 in hardware costs in about 18-24 months.

As a second income,no, cryptocoin mining is not a reliable way to make substantial money for most people. The profit from mining cryptocoins only becomes significant when someone is willing to invest $3000-$5000 in up-front hardware costs, at which time you could potentially earn $50 per day or more.

If your objective is to earn substantial money as a second income, then you are better off purchasing cryptocoins with cash instead of mining them, and then tucking them awayin the hopes that they will jump in value like gold or silver bullion. If your objective is to make a few digital bucks andspend them somehow, then you just might have a slow way to do that with mining.

Smart miners need to keep electricity costs to under $0.11 per kilowatt-hour;mining with 4 GPU video cards can net you around $8.00 to $10.00per day (depending upon the cryptocurrency you choose), or around $250-$300 per month.

Now, there is a small chance that your chosen digital currency will jump in value alongside Bitcoin at some point. Then, possibly, you could find yourself sitting on thousands of dollars in cryptocoins. The emphasis here is on "small chance," with small meaning "slightly better than winning the lottery."

If you do decide to try cryptocoin mining, definitely do so as a hobby with a very small income return. Think of it as "gathering gold dust" instead of collecting actual gold nuggets. And always, always, do your research to avoid a scam currency.

Let's focus on mining scrypt coins, namely Litecoins, Dogecoins,or Feathercoins. The whole focus of mining is to accomplish three things:

You will need ten things to mine Litecoins,Dogecoins, and/or Feathercoins.

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A Beginner's Guide to Cryptocoin Mining: What You Need to ...

What is cryptocurrency? – Definition from

A cryptocurrency is a digital medium of exchange that uses encryption to secure the processes involved in generating units and conducting transactions.

Cryptocurrencies are a subset of digital currencies and, as such, have no physical representation. They may beused for online orin-person transactions with any vendors who accept them.In-person transactions using cryptocurrencies aretypically conductedthrough mobile paymentfrom a digital wallet.

There are hundreds of cryptocurrencies around the world. Among them, Bitcoin is the most prominent example -- in fact, other cryptocurrencies are sometimes referred to as altcoins, as in alternatives to Bitcoin. The Bitcoinprotocol enables peer-to-peer (P2P) exchange in a decentralized system that, unlike conventional currencies,is not associated with any financial institution or government.

Bitcoin-to-Bitcoin transactions are conducted through anonymous, heavily encryptedhashcodes across a peer-to-peer network.Each users digital wallet maintains their Bitcoins. The wallet also stores all addresses the user sends and receives Bitcoins from, along with aprivate keyknown only to the user. The P2P network monitors and verifies Bitcoin transfers.

Other cryptocurrencies include Litecoin, primecoin, Namecoin and Feathercoin.

Paul Vigna provides a crash course on cryptocurrencies:

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What is cryptocurrency? - Definition from

How Cryptocurrency Assets Are Becoming A New Battleground In …

Fighting over money is one thing; dealing with bitcoin and other types of cryptocurrency in a divorce is an entirely different story.

As cryptocurrency has surged in popularity, its become much more common for investors to carry shares in the largely unregulated market. For married couples looking to part ways, this means dealing with cryptocurrency as an asset could make for a difficult and lengthy divorce process.

Considering regulations and standards on digital currencies such as bitcoin are still being weighed by governments and financial regulators across the world, could the future of hiding assets during a nasty divorce be lying in its hands?

Cryptocurrency is virtual currency; it lives online and is traded on a blockchain, an encrypted ledger detailing transactions. Since each transaction is associated with a public and private key, its possible for each transaction to be traced back to a single individual.

Cryptocurrency has been around for about a decade, but it became more mainstream around 2017 when bitcoin skyrocketed to a price of $20,000 per coin and caught the public eye, before giving back much of its value in the time since.

In 2018, only 5 percent of the American population held cryptocurrency, according to a survey by the Global Blockchain Business Council. An additional 21 percent of respondents, however, said they were considering adding it to their portfolio.

As cryptocurrency grows in popularity, lawyers all over the world are beginning to face divorce cases with high-value disputes over these digital assets.

Jacqueline Newman, a New York-based matrimonial law attorney, represents all different types of clients, including those divorcing with cryptocurrency. She asks all of her clients to fill out a statement of net worth a comprehensive document detailing income, assets and debt of each party. She says her forms now ask parties to include cryptocurrency, too.

It hasnt gotten to the point where the court forms include it yet, but we have asked on ours and people list it under their general assets, Newman says.

Since bitcoin and other cryptocurrencies are largely unregulated and encrypted, some might think its a perfect place to anonymously stash away funds.

But thats not necessarily the case.

Mark DiMichael, CPA, certified Financial Forensics accountant and fraud examiner, specializes in cryptocurrency. In one recent case, a husband didnt report $100,000-plus in cryptocurrency assets on his statement of net worth. During the discovery process, DiMichael closely analyzed his bank statements and was able to trace the crypto transactions through a crypto-trading platform.

DiMichael warns, however, that cases can get more complicated. The more knowledgeable someone is in crypto, the bigger the threat they pose to successfully hiding the assets.

Although he hasnt worked on a large number of cases involving cryptocurrency so far, DiMichael gives the example of a cybersecurity expert exchanging cash for bitcoin as payment. By conducting the transaction in person, there would be no proof of the transaction occurring making the asset-hiding much more difficult to reveal to the court.

Its really hard to trace if the individual knows what theyre doing, DiMichael says. An expert is going to know not to leave any evidence on their computer, and it can be much more difficult to subpoena.

Edward Davis, a Miami-based asset-recovery attorney and founding shareholder of Sequor Law, says cases of financial infidelity involving crypto are only going to become more frequent in the coming years.

In 15 to 20 years, Davis expects people with large sums of money to turn toward cryptocurrency as a way to hide their assets.

Its a real threat, Davis says. Its not going to come up in the average divorce of Joe versus Mary where they both have regular jobs and are a middle class family. But the wealthy and uber-wealthy who have access to this are going to use it to hide their value.

Matrimonial attorneys interviewed for this story say there arent currently any specific laws regarding cryptocurrency protection during a divorce process. Davis says these laws to protect consumers from fraudulent crypto activity are likely coming, but they will be slow to implement.

The legal infrastructure and regulatory infrastructure for this stuff is way behind, Davis says. If you look at some of the people sitting in Congress some of them are in their 70s and 80s they have no idea what this is. They dont even know what Snapchat is. Youre talking about a generational change [that] is going to [have to] happen before people are confronting this kind of issue.

Another issue for getting a hand on regulating crypto, Davis says, is that theres a wide misunderstanding of how blockchain technology works.

Whenever something new comes along, everyone tends to minimize it, Davis says. Predicting technology is a very hard thing. People who are intimidated or scared or dont understand technology tend to minimize it.

As interest and commonality surrounding crypto continues to increase, experts in the legal field are having to quickly educate themselves on the asset to keep up. Some experts say there isnt enough being done to inform and train legal counsel on the inner workings of the asset.

Most of what DiMichael knows about crypto is self-taught. In 2018, DiMichael published A Forensic Guide to Finding Cryptocurrency in Divorce Litigation. He created the guide after his own research found there werent many resources available on the matter.

Ive seen some courses for it, but I think there should be more training, DiMichael says. Uncovering crypto is fairly complicated, and that can be even harder for someone not trained in crypto.

Most accountants dont understand cryptocurrency, DiMichael adds. More complicated divorce cases involving cryptocurrency can be a lengthy and complicated process and for an accountant learning everything on the fly, this can mean longer hours and a higher bill for the client. DiMichael says that he currently charges $435 per hour.

Davis hasnt worked directly on a case recovering cryptocurrency assets yet, but he has noticed an upswing in industry-related conversations in the past two years. Lawyers, who he says arent technology-savvy by nature, should pay close attention to cryptocurrency and educate themselves on how to manage it in court cases.

The main concern about crypto is how little we understand it and how dangerous it is because its an unregulated, untethered currency, Davis says. This is a real threat and one we have to think about.

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