Cryptocurrency wallet advices and crypto portfolio app? Are Cryptocurrency wallets secure? Wallets are secure to varying degrees. The level of security depends on the type of wallet you use (desktop, mobile, online, paper, hardware) and the service provider. A web server is an intrinsically riskier environment to keep your currency compared to offline. Online wallets can expose users to possible vulnerabilities in the wallet platform which can be exploited by hackers to steal your funds. Offline wallets, on the other hand, cannot be hacked because they simply aren’t connected to an online network and don’t rely on a third party for security.
There’s a need for one to be more than cautious when looking to invest in any ICO. Knowing when to or not to invest in an ICO is not about science; rather, it’s about paying close attention to those details that most people seem to overlook while only focusing on the promised returns. Conduct a background check on the team behind the project and analyze their ability to deliver on their promise. In addition, you should also look at the viability of the idea behind the ICO, poke holes in the project’s white paper and seek answers where necessary. That will ensure that no stone is left unturned and, if by the end of it you still have doubts about the project, you’re better of passing than chance it investing in that ICO.
Technically speaking, cryptocurrencies are transactions or entries targeted in a restricted database. Specific conditions must be met to modify these transactions. Created with cryptography, transactions are protected with mathematics, not with people. Transactions are published in a database, but it is a special type of database that is shared is a peer-to-peer network.
Coin vs Token: Both terms used interchangeably in the app. But a Coin is a cryptocurrency that can operate independently. Token is a cryptocurrency that depends on another cryptocurrency as a platform to operate. ERC20 Token: ERC stands for Ethereum Request for Comments. This is an official protocol for proposing improvements to the ethereum network. ‘20’ is the unique proposal ID number. ERC20 tokens piggyback on the Ethereum network, hosted by Ethereum addresses and sent using Ethereum transactions. Discover even more info at crypto tracker.
I hate to tell you this, but get over yourself. You’re not always right. And it’s okay. Investing is a game of speculation which involves some amount of luck – even for professional investors. To be a winner in this space, you only need to be right a certain percent of the time. For example, if you 2x your investment 55% of the time, then you can afford to lose 45% of the time as you will make money in the long run.
We CoinTracker, believe privacy as highly important when investing and trading in cryptocurrency. You might be exposing your identity even to your crypto portfolio app while using it to track your Bitcoin or Altcoins, or even when you just need to check market data. We’re currently doing a lot of research on making your cryptocurrency investments and trading easier and secure. As a cryptocurrency investor, if privacy is not a real concern for you, our findings might not be relevant to you.
The prices of most altcoins depend on the current market price of Bitcoin. It is vital to understand that Bitcoin is relative to fiat currencies and is quite volatile. The simpler version of this is that when the value of Bitcoin goes up, the value of altcoins goes down and vice versa. The market is normally foggy when the Bitcoin price is volatile and, as you would imagine, this prevents most traders from gaining a clear understanding of what goes on in the market. At this point, it is advisable to either have close targets for our trades or simply not trade at all.
CoinTracker is a privacy first cryptocurrency portfolio tracker mobile app available for both iOS and Android users. CoinTracker also launched in September 2017, and has grown to serve over 1K daily active users over the years. Our partnership aims to improve our real time pricing updates using KuCoin API. KuCoin offers an advanced API with an open, transparent and advanced architecture. If you are still not a registered user in the exchange, do give it a try. We found that the exchange web site to be neatly designed and user friendly. Read even more information at CoinTracker.