Answers To A Few Bitcoin FAQs
Where can I buy Bitcoin?
Coinbase is the central bank of Bitcoin, but your payment options are limited. Paxful, on the other hand, has over 300 different ways to purchase Bitcoin, including Paypal and Amazon. To read more click here.
Where can I research Bitcoin/Alt-Coin?
Where can I trade Bitcoin/alt-coin?
There are exchanges and trading houses. Exchanges are places where you can buy cryptocurrency. They don't necessarily have the best markets. Trading houses specialize in making markets in certain crytpo-crosses. The trading house you go to depends on the amount of volume that house has in that cross pair. Just because Bittrex has the largest trading volume in BTC/ETH does not mean it has the largest trading volume for BCN/BTC. The best place to trade, the best trading house, depends on the currency pair you are trying to trade. You can find the trading house with the highest volume in your currency pair by going to Coinmarket Cap and looking up "Markets" for the crypto you're interested in. I like Binance because it offers ICOs and alt-coins that Bittrex doesn't, you can sign up without a bank account, it accepts US traders, and it makes GAS payments. Commissions are 50% if you pay in Binance coin. Still, the best trading house for you to trade in depends on the currency pair.
Where can I learn how to trade futures contracts?
There are many programs. Most are scams. No one can really teach you how to trade, but you can immerse yourself in a trading community which will put you on the right path. My favorite trading program is TopStepTrader. This is how I learned (contact me if you want more information about my experience). They have a daily program (Eddie is great!) and multiple speakers that you can listen to for free, even if you're not in the program. No credit cards or ID required to try it out. If you pass the program, they'll even fund your trading account for a % of your profits, but it's not easy. Above all, the program teaches you how to manage risk in a highly controlled enviornment. That said, I wouldn't pay for the performance coaches (unless you get Hoag).
What hardware wallets are the best?
If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S, Trezor, Ledger Blue (expensive)
I like the Ledger Nano S, but the Trezor is a close second. Ledger Blue is premium and convenient, but unnecessary.
The best multi-currency soft wallet is Coinomi. The best soft wallet for Bitcoin is Blockchain.
What is the best book for investing in crypto?
This is one of those holy grail reads if you want to know more about investing in Crypto. It avoids technical jargon and focuses on the main things you need to focus on to maximize profits. It's a comprehensive read no matter your level of understanding. Beginners will find information about cryptocurrencies (not just Bitcoin) and experts will find the chapters on valuation particularly useful. It also explores correlations with other asset classes like gold and ETFs (one of my favorite parts of the book). I highly recommend.
Favorite Hardware, Books, Miners, Etc
The Best is Yet to Come - Vic Fontaine and Captain Sisko
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