Category Archives: Altcoin
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By now most of the people have been introduced to or at least have heard of the world of cryptocurrencies on news, especially since the price of Bitcoins has skyrocketed. This rapid growth has not been limited to Bitcoins alone, many Altcoins have also experienced an upsurge in demand.
As the name suggests, Altcoins are alternative (Alt) coins which appear to be alternative to Bitcoins. Bitcoin and altcoins, in general, can have many similarities like- peer to peer transaction, mining process, etc. Various altcoins are trying to target the limitations of Bitcoins, like its long transaction time, lack of anonymity, expensive and difficult mining process and insufficient functionality.
The first altcoin was created in 2011 and it was known as Namecoin. This altcoin was released soon after Bitcoins launch and addressed similar issues trying to solve those through a decentralized network.
Like any other currency, the success of cryptocurrencies to is mainly dependent upon a wide array of parameters like community, hype and more. Let us explain and elaborate the ideas.
As every method can have its own unique advantages and disadvantages, the negatives of the proof of work protocol are listed below:
On the other hand, the proof of stake protocol removes the above-mentioned challenges of a POW protocol through the following features:
Hence, altcoins that use the Proof of Stake protocol are likely to gain greater popularity as neither do they require a high-grade setup nor do they consume a high level of electricity. However, the proof of stake protocol also carries certain loopholes. For instance, if the majority of the tokens are owned by a small group of people, then they themselves will be the validators. Learn more about Proof of work vs Proof of stake.
Steem >> Steem is a platform targeting YouTube creators dependency on advertisements for revenue. It does so by paying their creators in cryptocurrency on the basis of the quality of their content. So, it has features similar to Bitcoin like decentralization as well as unique features such as encouraging people to participate in a community. It is also a lot more stable than Bitcoin, which enables users to use it to buy goods and services.
Ethereum >>It is a blockchain based platform that has decentralized applications and smart contracts that have no single point of failure and are autonomous. Ethereum is written in Turing complete language, which provides it with a broader base to build on and broader markets to enter. It also has a much shorter block time than Bitcoin.
Stratis >> It aims to create private blockchains for corporations. It allowsfor complete sidechains that are non-disruptive to the primary blockchain. It also uses proof of stake method. Stratis has used C# language rather than C++ language.
Litecoin >> Its presents itself as a substitute currency of Bitcoin. It has targeted Bitcoins problem of slow transaction that normally takes around 10 minutes. On the other hand, Litecoin transaction just takes 2.5 minutes. This fast transaction also helps in preventing double-spending attacks. Also, Litecoin uses a cryptographic algorithm called Scrypt, which is less susceptible to custom hardware solutions likeApplication-Specific Integrated Circuits which are increasingly being used by bitcoin miners. This makes it more accessible to the users who wish to participate as miners.
Cardano >>It aims to be a decentralized cryptocurrency, which protects user privacy while allowing regulation simultaneously. Cardano is also a technology platform upon which more financial applications can be built.
Monero >>It wants to create a decentralized network where payments can be made completely anonymously. It tries to maintain a public ledger that stores all the transactions. It is a derivative of CryptoNote and thus uses the CryptoNight Proof of Work as the algorithm. To maintain the users privacy Monero uses ring signature, which allows the user to hide among other transaction outputs, stealth address to hide the receivers address and RingCT to hide the amount of the transaction.
ICO (Initial Coin Offering)>>It is a mean of crowdfunding that is especially centered on cryptocurrencies, which can be a source of capital for startup companies. It is very different from IPO. In an IPO, for instance, when you invest money you are given a certain ownership in the company but in an ICO when you invest, you are given a token of the given company. It may not be worth anything at that time, but in the future, the value can increase exponentially, when it is used a lot and is in high circulation. The token of the company is like a stock, with more money coming in, the token value rises.
Like any other commodity, altcoins are also traded to yield significant rewards. These appear to be a highly volatile market. Thus, one must be cautious while trading. Altcoin marketplaces are governed by the same forces and rule that govern the traditional investments. You can trade them at Cryptocurrency Exchanges like:
This is a Europe based cryptocurrency exchange. It uses 2-factorauthentication, advanced encryption technology and cold storagefor protection. There is no deposit fee required but withdrawal fees vary from currency to currency. There are no limits on cryptocurrency deposits and withdrawal. An order which is not executed immediately will be granted a0.1% rebate on execution. Orders executed immediately will incur a1% execution fee. In early 2015 this site was hacked but they claim that no user funds were affected.
Binance is a multi-language (Chinese, English, Japanese, Korean) exchange platform that focuses on a coin to coin exchange. The platform uses multi-tier and multi-cluster system architecture that provides safety and stability. It is capable of processing 1.4 million orders per second. It also claims to have high liquidity. It even has its own cryptocurrency called Binance Coin. It charges a 0.1% fee for trading and no deposit fee.
The number of people who exchange altcoin keeps increasing constantly. As a new sphere, both Bitcoins and altcoins are risky and have some flaws. However, day by day, new altcoins or the current ones manage to overcome the current obstacles if the industry. As a result, altocins become more famous and commonly used.
We hope this article about altcoins 2018 was helpful.
please make sure you check out our website to learn more about various altcoins, Bitcoins, ICOs and a lot more. Thank you, for next time!
Since June 2011, hackers have stolen billions of dollars worth of digital currency from around 30 different exchanges. Many of these exchanges hide in the shadows, lacking fundamental business practices like customer service, and do little other than help people exchange altcoins. So when things go wrong, theres nothing you can do.
Centralized exchanges are the weakest link in the cryptocurrency community and a chain is only as strong as its weakest link. If we believe in the power of decentralization, why are we forced to use centralized trading exchanges that are vulnerable to hacks?
Mt. Gox lost 744,408 BTC in early 2014, Bitcoinica lost 19,000 BTC in 2015, Bitfinex lost 119,756 BTC in 2016, and Bithumb was compromised last year with suspected losses of over $1,000,000 USD.
These hacks will likely continue as cryptocurrencies continue to rise in value. Strict regulations can also put centralized exchanges at risk of closure even without warning.
We believe cryptocurrency to be the most radical shift in transferring assets in history. I founded Altcoin.io to provide the most trusted altcoin exchange platform in the world. And the answer to this is creating a decentralized exchange that is not only easy to use but safeguards your tokens.
Our decentralized exchange has no single point of failure, no hackable, central repository, and its entirely trustless. We can all agree that altcoins are going to see explosive growth over the upcoming years. For that to continue, we need a decentralized exchange to give traders a safe, easy way to transfer their tokens.
Our goal is to build this platform together, as a community, that caters to every trader new and experienced to help increase this industrys overall market cap. Were currently at a ~$150B market cap now for altcoins whats stopping this from going to $1T? I believe this market is just getting started and by building a decentralized platform that puts you in control of your tokens, we can make a positive impact in this market, regardless of whether you use Altcoin.io or not
A rising tide lifts all boats, and we want to bring altcoin trading to the masses in time. But to start were building something for the community, with the community, through open feedback loops for product improvements, and a secure platform everyone can trust. Long story short, we want traders to feel safe while trading cryptocurrencies, and we want to build this exchange with the cryptocurrency community together.
Andrew GazdeckiFounder, Altcoin.io
In order to keep up with the wave, you need to be well informed about current prices and market volumes. Its hard to do so manually, in order to get rid of the trouble of logging into exchanges and not being able to receiveprice notifications you will need to install Bitcoin Checker. Its a price ticker featuring alerts according to your needs. After downloading and installing all you have to do is choose your favorite coins and exchanges and let the application do the rest.
After choosing the pairs you want to track you can set the update interval of the pair in order for the application to know when to pull info from the specified exchange. Another thing you can do is set alarms for your favorite coins. For example, you can define the value of a coin and get an alarm when the value is greater or lower than defined, another option is that you can set an alarm for any percentage change. Alarms include Sound, Vibration and LED blinking.Another option Bitcoin Checker provides is the Alarm via Text-To-Speech where the price alert is announced.
Bitcoin Checker offers you the option to add a widget to your phones main screen with your chosen pairs with a refresh button so you can get all the pairs refreshed at once.
The rest is here:
Android Bitcoin ~ Altcoin Price Ticker ~ Coin Maker
If you are, you have come to the right place.
I am going to tell you about a few altcoin exchanges that allow you to trade without going through the KYC and AML check. Not only this, there are no withdrawal or deposit limits to stop you from buying/selling bags of altcoins.
Needless to say, this will be the norm once the decentralized exchanges increase their market share, which I think is going to take a while.
Until then, we can use these services, some of which are centralized and some of which are decentralized, to avoid KYC and AML to protect your privacy.
Changelly,a centralized cryptocurrency swapping service, which does not push you to complete the KYC or AML in order to use its services.
There is no ID verification registration that you need to do for using their services. For enhanced security, you can even use this service with a VPN.
This method, however, requires you to have supporting altcoins like LTC/ETH/DASHetc to exchange for BTC or any other supporting currency. If you have altcoins, you can buy Bitcoins in seconds with no verification using Changelly.
Use ShapeShift Now
BitShares is decentralized exchange based on graphene blockchain technology.
As it is a decentralized exchange, there is no need for any verification, KYC or AML, before using this service.
Opening an account on BitShares is quite easy as it doesnt require any registration or KYC to start with. The only thing that you need to take care is your login password and username because that is what will help you in case something goes wrong.
Your password will look something like: P5KSgr3tMUE4vLo9uwWJScsD5sQYg6BLa7QCT3e9XTe6C
Thevolumeat the time of writing on this exchange is 1900 BTC which is fairly decent for a decentralized exchange with no AML or KYC.
Use OpenLedger Dex Now
CryptoBrige is another decentralized exchange which has come up only recently.
Being a decentralized exchange means this too doesnt require any AML or KYC. They also have their native token called BCO which you can hold and stake to receive bonus rewards from the CryptoBridge exchange. If you want to deep dive into BCO and CryptoBridge, read this detailed guide on CryptoBridge DEX.
The login process is quite simple where you simply need to select a unique username post which a cryptographic password will be generated automatically which you need to note down and keep safely.
The password will look something like:P5K19WQQp1WWtWQjXwDA2cmPpoyqJhcCfhqYQt5TFC4tW
Thevolume at the time of writingon this exchange is 201 BTC which is not a bad number for a decentralized exchange with 56 cryptocurrencies/crypto assets pairs listed on it.
Use Crypto Bridge Dex Now
How to Stake BCO on CryptoBridge Decentralised Exchange [Tutorial]
Bitmex is another centralized exchange which doesnt require you to undergo AML and KYC for deposit and withdrawals.
Despite it being a predominantly BTC exchange, you will also find some altcoins like DASH, Cardano, Bitcoin Cash, Ethereum, Ethereum Classic etc.
When you use the Bitmex exchange, you need not worry about liquidity because it has a humongous volume of over 126,000 BTC with a ranking in top 10 on CMC.
5.Bisq (aka BitSquare)
BitSquare is a peer-to-peer marketplace forcryptocurrencieslikeBTC, ETH etc. It is a fully decentralized exchange which requires no name, email ID or verification so there is no question of KYC or AML.
Also, your privacy is secured because it uses Tor and doesnt hold fiat or bitcoins on their serversor in their account. Currently, itsupports 126 cryptocurrencies(including BTC) and is available on Windows, Mac and Linux platforms. The trade volumes, however, are low.
Thevolume at the time of writingon this exchange is 4 BTC with 11 cryptocurrencies/crypto assets pairs listed on it.
Here is an introductory video on Bitsquare:
EtherDelta is an altcoin exchange only for Ethereum based tokens also know as ERC 20 tokens.
It is also a decentralized exchange so there are no deposit or withdrawal limits or any requirement of AML or KYC.
The only drawback of this exchange is the speed as everything you do on this exchange is smart contract-powered and requires you to pay GAS price.
Thevolume at the time of writingon this exchange is 1308 BTC with 335+ cryptocurrencies/crypto assets pairs listed on it.
Note: Do not leave your cryptos on EtherDeltas contracts. Instead you can use this exchange safely without worrying about hacks via Ledger Nano S (Link Ledger Nano S & EtherDelta Article)
IDEX is the most advanced decentralized exchange for Ethereum-based tokens.
It has gas-free cancels and limit orders which you will not find in EtherDelta. Being a decentralized exchange means that one doesnt need to go through AML or KYC verification for trading on it.
To get started on IDEX, you can simply create a new account and save your private keys offline and also use this exchange in tandem with Ledger Nano S without the fear of getting hacked.
Thevolume at the time of writingon this exchange is 590 BTC with +100 cryptocurrencies/crypto assets pairs listed on it.
I think not requiring AML and KYC will become more mainstream this year because a lot of decentralized exchanges are in the pipeline which may put the centralized exchanges under pressure to get rid of the KYC requirements.
Also, having AML and KYC goes against the basic tenant of decentralized currencies which is why we are witnessing the unprecedented development of decentralized infrastructure which is putting privacy at the forefront.
Well, that is all from my side.
Now it is time to hear from you: If you know more altcoin and cryptocurrency services that dont require AML & KYC, share it with us in the comment section below.
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Altcoin News Archives – Ethereum World News
Jun 30, 2016 at 12:58 // Price
The emergence and growth of the popularity of the alternative currency Bitcoin has led to the creation of many other cryptocurrencies based on Bitcoin Blockchain code. All these cryptocurrency have the generic name – Altcoins.
More new coins appear on the financial market often and immediately become the object of investment. To increase the investment attractiveness of altcoins in the network we receive information about the specifics of digital currencies which have more advantages than Bitcoin. For example, the possibility of producing more coins, the speed of transaction verification, and so forth. For Bitcoin developers, the development of their own innovations is more important, while other altcoins can be hardly regarded as competitive.
But investors are looking for any other possibilities to save and increase their wealth, as for them, the most important thing is the investment attractiveness of one or the other cryptocurrency. And if tomorrow the price, for example, of Litecoin will grow much faster than Bitcoin, investors will have a desire to sell Bitcoin and buy Litecoin.
In this article, we will try to uncover what criteria investors use to evaluate the investment attractiveness of altcoins. The main rule of the trader in the market is to follow the trend. If the trend is up, you need to buy, if trend is downward – you should sell. To start, we will take a look at the most popular altcoins, which are offshoot projects of Bitcoin.
This cryptocurrency was launched in 2011. Unlike Bitcoin, which has a limited number of 21 million coins, the number of Litecoins is four times higher – 84 million. Moreover, Litecoin transactions are also four times faster than Bitcoin – 2.5 minutes for Litecoin vs. 10 minutes for Bitcoin. Litecoin is characterized by high volatility and high volume on the trading market.
A relatively new exchange unit, which unlike other cryptocurrencies, can serve as a means for sharing resources using smart contracts. ETH is often called as cryptographic fuel, which is necessary for the Ethereum platform to work. Therefore, ETH generally has an interest for specialists who develop and disseminate decentralized applications.
Since the issue of ETH is limited, its price is expected to increase over time.
Peercoin is considered to be a self-cryptocurrency, which has an improved security system and a special algorithm. Payments in this cryptocurrency can be sent around the world. The mining has low expenses, as there is no need for enhanced maintenance of equipment to achieve the minimum commission for transfer payments.
The basis of this cryptocurrency algorithm was adopted from Litecoin. The number of coins in circulation can be unlimited. The DOGE price is first calculated against Bitcoin and then multiplied by the ratio of Bitcoin exchange rate against the US Dollar.
Neu is a relatively young cryptocurrency. Its launch was initiated in early 2015. Initially Neucoin was developed for the micropayment market below $1. However, in September 2015 Neucoins value reached 14 USD per 1000 Neu, which forced investors to pay attention to this altcoin. A characteristic feature of this altcoin is high volatility in the market.
To make it clear how altcoin prices change on the market, lets take a look at one of the examples. This is a graphical analysis of the Litecoin price over the past 2.5 years:
Dynamics of LTC/BTC exchange rates in June 2016
The dynamics of the price of LTC/BTC from 2014 to 1st half of 2016
The dynamics of the price of LTC and the BTC against the US Dollar from 2014 to 1st half of 2016
As you can see in the charts, the Litecoin price against the US Dollar and Bitcoin has been steadily declining. Thus, advantages of Litecoin over Bitcoin had no effect on the price increase of Litecoin. However, considering these charts it is difficult to assume a rising trend for Litecoin.
Similarly, we can try to analyze the direction of the trend of any other altcoin.
Using the review of the major altcoins we will try to identify the top-5 most important criteria when buying cryptocurrency.
1. Investment attractiveness. The rising cost of a cryptocurrency over a time interval is an important criterion when selecting an object of investment. Stable growth for 2-3 years speaks to the confidence of players in the cryptocurrency. Moreover, using collected information, the investor should be aware of the direction of the trend.
2. The cost of production of coins – a factor that consistently affects the market value of the coin.
3. The number of coins that can be mined. An unlimited number of coins in circulation have a negative impact on the growth of altcoin price. Too limited a number of coins can also scare away investors.
4. The volume of sales and the number of participants. The more activity around a certain cryptocurrency, the greater the likelihood of its price growing.
5. Appearance on the cryptocurrency exchanges and partnerships with other existing payment systems. It is important to select the exchange with higher prices, and for depositing or withdrawing funds when buying or selling cryptocurrency.
Each investor must independently determine the feasibility of buying a particular investment instrument.
This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency.
See original here:
How to Choose Which Altcoin to Invest In? – Coinidol.com
Would you like to get more Altcoin News? Then this category is exactly for you take a look at the list of the most important Altcoin News. If you are not sure what an Altcoin is, lets make it clear: it is an alternative cryptocurrency to Bitcoin. Its name is already self-explanatory: alt stands for alternative and coin is a typical title for digital currencies. After the success of Bitcoin many different cryptocurrencies were introduced, which followed Bitcoins blockchain fundamentals although in different variations. There are some considerations that there are more than 1400 altcoins and you can find the most important ones mentioned in the Altcoin News today section. To name just a few: ether, dash, monero, neo, ada etc. Even though these cryptocurrencies are based on the same principles as Bitcoin, they differ in purposes, structure and technology, therefore they cannot be considered as completely unified. To learn more about particular aspects of each currency, take a look at the most relevant Altcoin News today and analyze each digital currency separately. The characteristics you should pay attention to is information about mining details, block sizes, transaction fees, transaction speeds etc. Have a look through the Latest Altcoin News on a regular basis and you will find out more about these types of infos. Digital currencies are evolving and changing very quickly so the situation can shift unexpectedly. Thats why its worth spending some time reading the Latest Altcoin News and insights from the field. Bitcoin in not the only important cryptocurrency so it will be interesting to see what opportunities Altcoins will offer in the future.
VISIT http://WWW.ALCOINTRADER.CO.ZA OR EVEN GOOGLE IT CLICK ON REGISTER. FILIN YOUR DETAILS AND REGISTER. IF YOU GET AN EMAIL FOR CONFIRMATION.LOGIN AND CONFIRM , IF YOU DONT GET IT JUST LOGIN WITH EMAIL AND PASSWORD YOU CHOSE. AFTER LOGGING IN YOU WILL SEE A SCREEN PAGE BELOW.
IF YOU DONT HAVE BITCOINS YOU CAN BUY THEM AT ALTCOINTRADER. SIMPLE WRITE THE VALUE OF BITCOINS YOU NEED ON BUY AS I DID BELOW. WRITE THE BITCOIN VALUE AS IT IS, THAN AUTOMATICALLY YOU WILL GET PRICE IN RANDS FOR THAT BITCOIN VALUE WHERE IT SAYS TOTAL, THE MONEY THERE IS IN ZAR/RANDS. IF YOU ALREAD HAVE BITCOINS, YOU WANA EXCHANGE/SELL THEM TO GET CASH IN YOUR BANK THAN YOU USE SELL NOT BUY. AGAIN YOU WRITE THE AMOUNT OR VALUE OF BITCOINS YOU HAVE. AUTOMATICALY YOU WILL SEE THE PRICE OR MONEY YOU WILL GET FRO THOSE BITCOINS YOU HAVE. NOTE: BITCOINS DONT START AT 1 BUT THEY START AT 0.0000… NUMBERS, SO YOU CAN GET BITCOINS FOR EVEN R500 TRY 0.05 E.T.C
IF YOU WANA BUY BITCOINS AND YOU HAVE CASH. YOU NEED TO DEPOSIT MONEY TO ALTCOIN TRADER THROUGH FNB, ABSA. THE AMOUNT OF MONEY YOU HAVE THAN YOU WILL GET BITCOINS EQUAL TO YOUR MONEY. MAKE SURE YOUR WRITE THE REFERENCE GIVEN TO YOU WHEN YOU CLICK ON DEPOSIT. CAUSE THAT YOUR OWN UNIQUE REFERENCE. IF YOU WRITE YOUR NAME OR ANYTHING ELSE. I FELL SORRY FOR YOU CAUSE I TOLD YOU. CHECK IMAGE BELOW
ONCE YOU DEPOSITED THE MONEY IT MUST REFLECT IN YOUR ALTCOINTRADER IN A DAY OR 2 PROVIDED YOU DIDNT MAKE MISTAKES ESPECIAL ON REFERENCE.
THAN ONCE YOUR MONEY IS THERE YOU SIMPLE DO WHAT I TOLD YOU ABOVE, YOU GO TO BUY, AND WRITE BITCOIN VALUE FOR THAT AMOUNT YOU HAVE. IF YOU DONT KNOW THERE VALUE , EASY, USE GOOGLE . EXAMPLE: YOU DEPOSIT R1500 NOW GO TO GOOGLE AND WRITE: BITCOIN VAUE FOR 1500 , BUT IT WILL NOLONGER BE 1500 IF YOU WANT 1500 ATLEAST DEPOSIT 1600, JUST ADD R100 MORE, YOU DOING THAT FOR DEPOSIT FEES. THAN YOU GET THE VALUE GO BACK TO ALTCOIN TRADER AND WRITE IT THERE ON BTC AMOUNT ON BUY. THAN YOU CLICK BUY. THE BALANCE YOU HAD IN ZAR WILL CHANGE IMMEDIATELT TO BALANCE IN BTC ( BITCOINS)
NOW YOU HAVE BITCOINS, BUT THEY ARE NOT IN YOUR WALLET. NOW YOU NEED TO SEND THEM TO YOUR WALLET. NOW YOU NEED TO CLICK ON WITHDRAW FUNDS/COINS. SCROLL DOWN TO WITHDRAW BTC
GO TO YOUR XAPO, COPY YOUR WALLET ADDRESS, COMEBACK TO ALTCOIN TRADER, PASTE YOUR WALLET ADDRESS THERE AS YOU SEE BELOW, WRITE BITCOIN VALUE YOU WANA WITHDRAW AND SEND TO YOUR WALLET THAN CLICK WITHDRAW. THATS IT, IF MINUTES YOUR BITCOINS WILL REFLECT IN XAPO, READY FOR YOU TO PH
NOW YOU WANA WITHDRAW, SO WE REVERSE THE PROCESS. LOGIN TO ALTCOIN TRADER AND CLICK ON DEPOSIT YES I DIDNT MAKE A MISTAKE CLICK ON DEPOSIT. WHAT YOU DOING NOW IS YOU WANA DEPOSIT BITCOINS TO ALTCOINTRADER AND SELL THEM TO GET CASH IN YOUR BANK ACCOUNT
SO CLICK ON DEPOSIT. SCROLL DOWN TO DEPOSIT BTC INTO YOUR ACCOUNT
THEY GOING TO GIVE YOU A WALLET ADDRESS THAT YOU USE ONLY TO TRANSFER BITCOINS TO ALTCOIN TRADER. COPY IT AS YOU SEE ON IMAGE BELOW. COPY IT AND PASTE IT ON XAPO THAN SEND YOUR BITCOIN TO ALTCOIN TRADER
ONCE YOUR BITCOINS REFLECT ON ALTCOIN TRADER BALANCE. NOW YOU GO ON SELL, WRITE THAT BITCOIN AMOUNT YOU HAVE AND CLICK ON SELL. IMMEDIATELY YOU BITCOINS ARE EXCHANGED TO CASH.
NOW YOU WANA GET THAT MONEY INTO YOUR BANK ACCOUNT CLICK ON WITHDRAW. ADD YOUR BANKING DETAILS. IF YOU ALREADY ADDE THEM THAN JUST WRITE AMOUNT OF CASH YOU NEED AND CLICK WITHDRAW AS SEEN BELOW
FUNDS WILL BE IN YOUR ACCOUNT WITHIN A DAY OR 2
IF YOU STILL DONT UNDERSTAND HERE IS A VIDEO WATCH IT IT WILL EXPLAIN MORE ABOUT USING ALTCOINTRADER
See the original post:
USING ALTCOIN TRADER – rsainvestments.blogspot.com
This guide will assist you in compiling a headless client (the daemon) in Ubuntu Linux. This is a necessary step if you wish to set up a node of your altcoin. It is assumed that you are starting on a fresh Ubuntu (14.04 x64) installation. If you require a VPS for hosting, I highly recommended Digital Ocean.
The $5/month plan is all you need. Use sudo in front of all commands if youre not logged in as root. Replace YOURCOIN with the name of your coin (case sensitive).
Set up a swapfile if your system has less than 1.5GB of memory:
fallocate -l 2G /swapfilechown root:root /swapfilechmod 0600 /swapfilesudo bash -c “echo ‘vm.swappiness = 10’ >> /etc/sysctl.conf”mkswap /swapfileswapon /swapfile
If fallocate doesnt work, you can use dd if=/dev/zero of=/swapfile bs=1024 count=1024288 instead.
Initialize swapfile automatically on boot
echo ‘/swapfile none swap sw 0 0’ >> /etc/fstab
Install all required dependencies:
apt-get update && apt-get upgradeapt-get install nano ntp unzip git build-essential libssl-dev libdb-dev libdb++-dev libboost-all-dev libqrencode-dev aptitude && aptitude install miniupnpc libminiupnpc-dev
Pull the source code from github, or upload it yourself:
git clone https://github.com/YOURCOIN
If your coin uses leveldb, compile leveldb:
cd /YOURCOIN/src/leveldbchmod +x build_detect_platformmake cleanmake libleveldb.a libmemenv.a
Return to source directory, and compile the daemon:
cd /YOURCOIN/srcmake -f makefile.unix
Strip the file to make it smaller, then relocate it:
strip YOURCOINdcp YOURCOINd /usr/bin
Now run the daemon:
It will return an error, telling you to set up config file in a directory. Now well set up the config file. Note that this is case sensitive.
Add the following, save and exit:
Run YOURCOINd once more and if you did everything correctly, your daemon is now online! Type YOURCOINd help for a full list of commands available.
Read the original here:
Guide: Compiling an altcoin daemon in Ubuntu Linux …
Binance started out in China in 2017. It is the currently the fastest growing exchange for altcoins and they offer a wide range of different trading pairs. Binance offers great customer service and one of the best user experiences in the business right now.
Binance has very low fees (as low as 0.05%). They have great communication with their customers and regularly offer competitions with cryptocurrency and other prices.
Binance does not require any verification for trading or withdrawing up to 2BTC per day. You can find out more and sign up to Binance via this link.
What the basic trading view looks like:
Cryptopia is an altcoin exchange based out of New Zealand. They do not offer the same great user experience as some of the other altcoin exchanges but their major strength is the extremely wide range of cryptocurrencies they offer.
Cryptopia is known to have almost every altcoin out there. If you are looking for the next hidden gem with a lot of potential, Cryptopia is the exchange to be at. Currently they offer more than 250 different altcoins, ranging from large caps such as Ethereum and Bitcoin Cash to completely unknown small caps.
Their customer service is however known for being slow, especially now that the demand for altcoins has skyrocketed. To handle scaling issues, they do close down registrations in order to not disturb the user experience of current customers.
Kucoin is another Asian exchange similar to Binance. It recently opened and was founded through an ICO. As a newcomer to the altcoin scene they offer great customer service and deals. If you wish to become an affiliate they have a very lucrative program that you can join.
They offer trading pairs in their own token, KCS, USDT, BTC, ETH and NEO.
Kucoin also offers competitions for the community where you can win both cryptocurrency prices and other things such as cars or hardware.
Trading fees are at 0.1%. Withdrawal fees vary depending on the asset and can be quite expensive at times.
The term altcoins refer to alternative coins to Bitcoin. In 2009, Bitcoin was the only cryptocurrency around. In the years since, thousands of new coins have popped up looking to solve a wide array of problems. Most of them are based on the same blockchain technology as Bitcoin but often with different attributes to serve their purpose as best possible. Examples of some of the most well known ones are:
More and more exchanges are now offering trading pairs for altcoins as well and the overall market cap for altcoins is growing exponentially.
Altcoins are generally more volatile than Bitcoin, as their market cap is smaller and a lower volume can move the price significantly compared to Bitcoin. A lot of altcoin projects are also more centralized and if one party holds a majority of all coins, this party could crash the entire market value by flooding the exchanges with his or her coins.
There are different ways to launch a new altcoin. Developers are often out to make money for themselves and for this purpose and ICO is perfect.
ICO stands for initial coin offering. It is similar to a stock market IPO, but with a few differences.
ICOs often look to raise money before they offer a working product. Be careful when investing in ICO as it is a very popular way to scam new investors in the cryptocurrency space.
Most altcoins do not have any FIAT ($, or ) pairs. Instead they are most commonly traded against $BTC or $ETH as many altcoin exchanges does not accept FIAT deposits.
If you wish to buy an altcoin, you may have to buy Bitcoin or Ethereum first. We have a list of exchanges here and guides on how to transfer and store it.
Most altcoin exchanges do not require you to verify your account, however your withdrawal limits may be limited. Keep in mind most altcoin exchanges are not regulated and you are trading at your own risk. There is always a possibility that the exchange will be hacked or decide to steal the funds.
Right now the demand for altcoin exchanges is booming and many of the most popular ones have been forced to close registration at certain times in order to not ruin the user experience of existing users. If this is the case, we will list the best alternatives to this exchange. Usually registrations open again within a few weeks however, so make sure you stay up to date on http://www.coinworld.io to find out when you are able to register again.
All smaller altcoins are not supported by hardware wallets yet. ERC20 tokens on the Ethereum blockchain can be stored on the Nano Ledger S by using MyEtherWallet.
If possible, we always recommend you move all of your coins off exchanges as soon as you dont need to trade them. If this is not possible, you can either use the projects own software wallet or store the cryptocurrency on the exchange.
If you choose the latter option, which is not recommended by sometimes most practical, make sure to use a safe 2-Factor Authentication. Most exchanges offer Google Authenticator.
Make sure to remove any connections to your phone-number on the google account you choose to connect your 2-Factor Authentication to. Many traders have been hacked by people stealing their phone number and resetting the 2-Factor Authentication in order to access your exchange account.
There is always a risk that exchanges will be hacked and thus the only way to make sure your cryptocurrency is safe is by holding the private keys yourself.
If you do not take safety precautions to store your cryptocurrency safely, you may lose your funds permanently. If they are stolen, there is no one who can help you to retrieve them.
Most exchanges offer faster support through messaging apps such as Telegram than via E-mail or support forms on their website. Even though, as their user base is growing at a very rapid pace currently, support may be slow. Exchanges are adding hundreds of thousand of new users every day and are unable to process all of the incoming questions.
Make sure to educate yourself before investing so you make sure that you will need as little assistance as possible from the exchanges themselves as it can be very frustrating waiting for replies when a lot of money is on the line.
We are not professional investors. This is not in any shape or form investment advice. We do not advice you do invest in altcoins or anything else. Any trades or deposits you do at an exchange is at your own risk.
Read more from the original source:
Top 3 Altcoin Trading Exchanges – [Reviews and Ratings]