Celan Bryant (CB): A Blog About The Bitcoin Revolution: Cryptocurrency Cheat Sheet (Top 50 Cryptos With Description)

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Answers To A Few FAQs

Where can I buy Bitcoin?

I recommend Abra. Find out how you can get $25 in bitcoin for a $5 deposit here.

I like Abra. One thing that I like about Abra is that it provides a safe environment for you to store crypto (temporarily) while also providing a marketplace for exchange and a trading house. It also allows you to trade stocks and bonds. International traders have even more options.

That said, not all exchanges are the same. In terms of new offerings for coins, Binance is the best, but it's good to have options.

As a quick primer: Exchanges are not the same as 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 a lot of ICOs that Bittrex doesn't, you can sign up without a bank account, it accepts US traders, and commissions are 50% if you pay in Binance coin. Binance coin is also a very well performing coin. Still, the best trading house for you to trade in depends on the currency pair.

What hardware wallets are the best?

If you want to store your cryptocurrencies safely, the best way is through a hardware wallet like: 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 soft wallet is Abra. It includes Dash.

What is the best book for investing in crypto?

Cryptoassets

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.

If you have any recommendations, please let me know.

Celan Bryant (CB): A Blog About The Bitcoin Revolution

Friday, December 21, 2018

Cryptocurrency Cheat Sheet (Top 50 Cryptos With Description)

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