Darryn Pollock

Ripple Has Tried to Buy its Way Onto Major Crypto Exchanges

Although ranked number three in terms of market cap, Ripple is not easily bought, but it has tried to throw money at that problem.
Ripple Has Tried to Buy its Way Onto Major Crypto Exchanges

Ripple, the number three coin when it comes to market capitalization, is slowly forging its way in its chosen niche, as a cryptocurrency for interbank transfers, but it sorely lacks in other aspects.

Ripple has not made it onto some of the bigger cryptocurrency exchanges, especially in the US, and it has emerged, according to Bloomberg, that they have tried to remedy that with money.

According to unnamed sources by Bloomberg, Ripple has tried to pay Gemini and Coinbase in order to get their coin, the XRP, listed.

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Not welcomed

Ripple has faced problems with acceptance before as many believe that it is not a true cryptocurrency due to its centralized nature. This has clearly influenced its growth in terms of organic spread across exchanges and other mediums of exchange.

There were rumors at the beginning of March that Coinbase would be adding the banking coin to its stable; however, these rumors are quickly debunked by Coinbase.

It now has emerged that Ripple, despite its banking partnerships, is still keen on getting more mainstream adoption, despite admitting on its website that it is not a coin to be invested on in a speculative manner.

Problems with securities

This alleged move by Ripple to try and get listed indicates that it does indeed have in its plans a growth of speculative investment, but it has hit a snag.

Ripple has now signaled that its future success hinges in part on getting XRP listed on the top trading venues. But there’s a major headwind in that effort: US officials have warned unlicensed exchanges not to list tokens that could be deemed securities. XRP’s control by a single company has fueled speculation it could fall under that designation.

Ripple Has Tried to Buy its Way Onto Major Crypto Exchanges

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Sylvia Greenfield

US Cryptocurrency Tax Guide 2018: Unchained’s Laura Shin’s Tips

Between you and the IRS: Tax rules US-based cryptocurrency users should know
US Cryptocurrency Tax Guide 2018: Unchained’s Laura Shin’s Tips

Tax reporting season is coming up in the US, and we would like to share the highlights from a January episode of podcast Unchained, in which host Laura Shin had a conversation with tax attorney Tyson Cross and CPA Jason Tyra about tax rules crypto owners in the US should pay attention to. You can check out the original podcast here.

1. Every single sell of virtual currency is a taxable event

That includes not only cashing out cryptocurrency for fiat but also buying a cup of coffee, exchange one type of virtual currency for another.

Under IRS rules, cryptocurrencies are categorized as properties. When they are sold, the seller is subject to capital tax gains. When they are sold at a loss, the seller can claim losses.

2. Taxpayers are responsible for keeping track of crypto transactions

Taxpayers are advised to keep a spreadsheet of their own to record the date of a transaction, the buying price, the currency. Transaction fees are treated as deductions.

In terms of matching buys and sales or determining the cost basis, the IRS hasn’t issued guidelines, so the taxpayer can do either first in first out, last in first out, or cherry-pick.

However, cherry-picking will be very time consuming and may result in mistakes, Cross and Tyra warned. Both experts used first in first out with their clients, while also acknowledging that the practice doesn’t result in the least taxes in a rising rate environment.

Some exchanges keep records for their users, but they cannot keep track of the buying price of the assets if the user transferred the currencies from another exchange or from their wallet, and sometimes the way exchanges characterize transactions can be misleading.

The cost basis may not be right when users transfer crypto from other sources. Non-US exchanges may have different terminology. Decentralized exchanges may not keep records for users at all.

Since every sell is a taxable event, trading cryptos just for fun is probably not a good idea.

https://bitcoin.tax/ and https://cointracking.info/ are two popular tools for the purpose of reporting taxes on crypto. Cross hasn’t used them, and Tyra said his clients use them and they worked well.

When a taxpayer acquires cryptocurrencies through hard fork, the experts recommended the cost basis to start at zero. Better IRS guidance on the matter is needed, Cross said.

3.  Claiming transactions to like-kind exchanges may delay paying taxes, but the IRS can challenge that.

IRS section 1031 rules that taxpayer can postpone paying tax on the gain if he/she reinvests the proceeds in similar property as part of a qualifying like-kind exchange. Since cryptocurrency is a new asset class, the IRS has no rules on determining like-kind exchanges on crypto.

That means that the IRS may challenge the claim, and the taxpayer will either have to pay up or face a potential lawsuit. The new tax code’s like-kind exchange only applies to real estate, but the taxpayer can consider the option if their crypto was sold before the rule changed.

Even if the taxpayer doesn’t have to be taxed for it, in the end, one still needs to report it at form 8824.

4. Selling at a loss and then buying back can be a way to avoid tax...until it can’t be.

Such a practice is called wash sales in security terms, and the IRS has a rule against wash sales- the IRS cannot recognize a loss on an investment if that investment was purchased within 30 days of sale (before or after sale).

For now, this rule doesn’t apply to cryptocurrencies because they are not securities, but taxpayers need to beware of economic substance doctrine, which means that any trade having no substance other than tax benefits is deemed invalid.

5. If you are a Coinbase user

IRS has requested all transactions records for customers who have transacted in amounts larger than $14,000. If you fit this criterion, you should consult with a tax advisor to determine whether you are at risk of civil and criminal penalties due to unreported income, wrote Cross in an email to Unchained.

For a more detailed explanation on tax policy as well as insights on various scenarios like payroll and mining, please refer to the original podcast.

Disclaimer: this article is only a general guidance based on research. It’s not legal or accounting advice. Please refer to a lawyer or accountant for guidance to your specific needs. 

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Bitstamp vs. Kraken vs. Coinbase- Choose the Best Crypto Exchange

📚 Wikicoin
A focused on an in-depth comparison of three major exchanges: Bitstamp, Kraken and Coinbase
Bitstamp vs. Kraken vs. Coinbase- Choose the Best Crypto Exchange

When it comes to American exchanges, Kraken and Coinbase are the two obvious leaders on the market. They are currently situated neck-to-neck on the CoinMarketCap list (the 12th and the 13th places respectively).    

Another highly reputable European exchange is called Bitstamp. As of now, Bitstamp trails behind the aforementioned two exchanges sitting at the 19th position with an average trading volume that is about to cross a $99 mln mark.  

All three aforementioned exchanges were founded around the same time in 2011. They are highly reputable and well-known, and have managed to survive in a highly competitive market. Bitstamp vs. Kraken, Coinbase vs. Bitstamp, Bitstamp vs. Kraken vs. Coinbase- let’s find out which one of them is the best option for investors.

Bitstamp vs. Kraken vs. Coinbase: Availability

Bitstamp is one of the longest standing exchanges out there along with Kraken and Coinbase. Bitstamp was originally founded in Slovenia, then they moved servers to Luxembourg where Bitstamp was licensed by local authorities. Consequently, Bitstamp became the first fully regulated exchange in the entire cryptocurrency industry. As of now, it operates in 28 EU countries along with 50 other countries around the globe.

Kraken hardly has any competitors in this area, since the exchange is available all around the world. However, judging by the fact that their official website is available only in two languages (English and Japanese), one can make a conclusion that this exchange mainly focuses on American and Asian markets.  

Coinbase is supported in 32 countries (mainly Europe and the Anglosphere). As of July 2018, Singapore is the only Asian country where this exchange is available.  

Bitstamp vs. Kraken vs. Coinbase: Availability

The winner: Kraken  

Bitstamp vs. Kraken vs. Coinbase: Supported assets

The Gemini vs Coinbase vs Kraken debate is impossible without reviewing the variety of supported assets. The same is true if one replaces Gemini by the aforementioned Luxembourg-based exchange Bitstamp.      

Bitstamp allows its users to purchase five cryptocurrencies:

  • Bitcoin

  • Ethereum

  • Ripple

  • Litecoin

  • Bitcoin Cash

NB! The US dollar and the euro are both supported here (just like on the other two fiat-to-crypto exchanges).    

Kraken offers a fairly big amount of altcoins for a fiat-to-crypto exchange. As of June 2018, the company features 16 currencies, but promises to add as many as 1,600 coins. However, investors should consider this tongue-in-cheek tweet with caution, since that tween was supposedly an attempt to poke fun at Coinbase.

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Speaking of Coinbase vs. Gemini vs. Kraken, Coinbase clearly pales in comparison to its competitors– it offers only four major coins:

  • Bitcoin

  • Bitcoin Cash

  • Ethereum

  • Litecoin

However, the exchange has recently appeared in the headlines after an announcement about adding five more currencies (which reportedly have already been vetted by regulators).  

The winner: Kraken

Bitstamp vs. Kraken vs. Coinbase: Trading platform

Bitstamp is popular with experienced users with traders who are looking for advanced trading tools. Bitstamp‘s Tradeview-powered candlestick chart reflects most recent price fluctuations and provide users with plenty of instruments for in-depth analysis. It features both market and stop orders, but, unfortunately, a Luxembourg-based exchange doesn’t support margin trading which may come as a big drawback for those who would like to trade with leverage.    

Coinbase’s trading platform is a perfect choice for beginners who are only making their first steps into the crypto world. The San Francisco-based has also recently launched its new project Coinbase Pro rebranding their GDAX that was founded in 2015 for professional investors.   

As for Kraken, it’s trading platform is not really suitable for inexperienced traders. It operates similarly to Forex exchange which many confusing for new users. However, is you are not afraid of sophisticated trading tools, all you have to do as a newbie is to create a new account, deposit a particular amount of money and place an order.

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The winner: Kraken

The winner: Kraken

Bitstamp vs. Kraken vs. Coinbase: Security issues

Undoubtedly, security is an issue of paramount importance for crypto traders who want to make sure that their assets won’t be compromised. There have been huge exchanges (for example MT.Gox) which couldn’t survive a major hacking attacks. In a major hacking attack. In 2018, all major exchanges make sure that they won’t suffer the same fate. Let’s find what exchange is the most secure.

Security was clearly one of Bitstamp weak points in the past. The exchange tarnished its reputation after an infamous hack that happened back in 2015. This major security breach resulted in more than 19,000 Bitcoins being stolen from the exchange. The company made a significant effort to repay the losses, but the damage had already been made. Right now, Bitstamp keeps as many as 98 percent of its funds in a cold storage and works hard in order to restore its strong reputation.  

Kraken has a perfect reputation because of a high emphasis on security since the very inception of this exchange. In fact, Kraken’s founder and current CEO Jesse Powell was inspired to create this exchange after visiting MT.Gox’s office and seeing many security flaws which would inevitably lead to a tragic outcome. After the fall of the Japanese-based MT.Gox, Kraken experienced a sudden surge in subscriptions, since many investors started turning to this highly secure platform.

Coinbase also enjoys a high standing when it comes to security. The exchange is fully compatible with AML laws and other types of regulations. Moreover, Coinbase is expected to become the first to become the first exchange registered as a broker-dealer and regulated by the US SEC. Apart from offering the the the TFA and keeping more than 90 percent of all funds in a separate cold storage, Coinbase also covers its users’ hot wallets with by FDIC insurance which provides a maximum level of protection. Even if a hacking attack does happen, there will be an immediate refund. On top of that, you can also use Coinbase Vault for your storing needs.    

The winner: Coinbase.

The winner: Coinbase.

Bitstamp vs. Kraken vs. Coinbase: Payment methods

Bitstamp supports SEPA transfers, international transfers along with credit card payments (Visa or MasterCard). Wire transfers take up to two to five days, but they also have a significant advantage such as lower fees. In the US, however, only US residents from Puerto Rico are able to make a credit card deposit on Bitstamp.

The winner: Coinbase

Kraken, similarly to all fiat-to-crypto exchanges, accepts traditional currencies. However, the San Francisco-based exchange only allows its users to deposit money via wire transfers which is not quite convenient for those who would like to use instantaneous methods of payment like PayPal or any credit card service.

Coinbase has a significant advantage over Kraken here because it allows its user to deposit money both via wire transfers and credit/debit cards. On top of that, you can also send money to your Coinbase wallet with the help of PayPal. Such a variety of payment methods stems from the fact that Coinbase tightly cooperates with major US banks and adheres to all regulatory norms.

The winner: Coinbase  

Bitstamp vs. Kraken vs. Coinbase: Fees

Take a look at the following table in order to find out what exchange has the most reasonable deposit fees . Let’s compare Bitstamp fees. Let’s compare Bitstamp fees Coinbase fees vs Kraken.   
 

Payment method

Bitstamp

Kraken   

Coinbase

SEPA

free

free

free

Credit card

5%

not available

3.99%

Wire transfer   

0.05%

$5

1.49%

PayPal

   

3.99%


As you can see, the amount of fee greatly depends on the payment method of your choice. A SEPA transfer would obviously be the best solution for European residents, regardless of the exchange.   

The bottom line

When it's all said and done, it becomes clear that Kraken takes the cake as the best exchange among these three. Kraken offers a high level of security, a large number of currencies, has relatively low fees and is available everywhere around the globe. Go to Bitstamp vs Coinbase Reddit page in order to find out which of the two frontrunners is better.

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The bottom line

Wikicoin
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🕵️‍ ICO Watch Eric Eissler

ICOs Performance in 2017 and Outlook For 2018: Review

👁 ICO Watch
It’s time to take what we learned from 2017 ICOs and move forward
ICOs Performance in 2017 and Outlook For 2018: Review

It was a major year for cryptos and ICOs in 2017; they really garnered more attention than ever before. Bitcoin was a major driver of that attention-drawing power because its price went “to the moon” in the course of six months from 3k to 20k by the end of the year.

People were jumping on the Bitcoin bandwagon with the help of Coinbase, which made it easy to buy cryptocurrencies for the average user. Coinbase took in more than $1 bln in revenue in 2017, a large percentage of which it made during the time between Thanksgiving and Christmas.

Besides the Bitcoin craze sweeping the world, altcoins had their days too, and ICO became an acronym that was added to the financial lexicon.

Top 10 ICOs of 2017 by funds raised

1. Filecoin $257 mln

2. Tezos $232 mln

3. EOS $180 mln

4. Bancor $153 mln

5. Status $108 mln

6. MobileGo $53 mln

7. SONM $42 mln

8. Basic Attention Token $35 mln

9. Polybius $31 mln

10. Aeternity $24 mln

The failures

Starting with the bad first.

While there was lots of money raised last year, some estimates put it at $5.6 bln, not all companies were successful after the ICOs.

Many of them, around half of all startups, failed or are in the process of failing.

This is puzzling because the ICOs are raising a lot of investor money meaning that the product or service would have something good to offer. Otherwise, why would investors be laying down their hard-earned cash to support something that has potential, right?

Well, not so much.

Speculation was one of the primary reasons why ICOs raised so much money and then crashed and failed. There were many people out there with the idea that the ICOs would allow them to get rich quick by investing their money in any crypto that came along.

For a time that was sort of true, the crypto market just kept growing and growing, but it was speculative spending that fueled this expansion.

Investors were throwing their money at any newly-launched crypto in hopes of it becoming the next Bitcoin. However, that was not the case.

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Many of the ideas behind theses companies were bad, or the founders got greedy and fought each other sending the company out of control, for example, Paragon and Tezos, respectively.

Paragon tried to get into the legal marijuana industry but found itself up against a wall with Federal regulations and gray areas; not a good mix for business. Tezos had all sorts of legal issues and infighting between the founders and partners, which dragged it down into the ground. Somewhere not just bad business ideas but flat out scams.

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10 ICO scams of 2017

Amounts listed were how much money was stolen in the fake ICO.

  1. ToTheMoon $27 Mln

  2. Plexcoin $15 Mln

  3. Bitcard $5 Mln

  4. Benebit ~$4 Mln

  5. Mybtgwallet.com $3.3 Mln

  6. Confido $375k

  7. PonziCoin $250k

  8. Karbon $200k

  9. HongCoin

  10. BorgDAO

The successes

Despite all the failures and scammers, which have now tainted the ICO and brought the attention of many regulatory bodies, there have been a number of successes. EOS is one of the major successes, which looks to unseat Ethereum as one of the primary smart contract coins.

Aeternity is another coin which uses an oracle and state channels to allow users from around the globe to trade in a trustless way with each other. A major indicator for success was that these companies offered a product or a service that benefited the user, not just another way to payment service.

Outlook 2018

There has been a lot of good, a lot of bad, and a sure lot of ugly that has emerged from the ICO boom of 2017.

From all this chaos will come regulation to settle things down a bit. The scams, however, have been a major black mark on the ICO name, which will require regulation to weed out the bad from the good.

Google and Facebook have also taken a stand on the advertising of ICOs because these companies have deemed them dangerous for consumers.The funny thing is that there are rumors about Facebook being ready to launch its own cryptocurrency.

Card

Conversely, the true beauty of the ICO is that it is unregulated and allows anyone to participate in the ICO, unlike the formal and well-regulated stock markets and securities exchanges, which require a lot of wealth upfront to join.

This year will have more in store for ICOs as they face a more challenging climate to adapt to, growing calls for regulation, and more scrutinization coming down from governments and regulatory agencies. Despite the negative growing climate against ICOs, it should give them all the more they need to adapt, develop, and change in order to beat the negative pressures and regain their former strength with some modifications.  

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Eric Eissler

Not So Fast on Bitcoin’s Anonymity As Taxman Can Find Out Who You Are

Bitcoin isn’t nearly as anonymous as you think. In fact, the very nature of Blockchain is to preserve an auditable record. The taxman is watching.
Not So Fast on Bitcoin’s Anonymity As Taxman Can Find Out Who You Are

One of Blockchain’s attributes is to allow for transparency of ledger transactions and creation of incorruptible files. It was made to be easily audited, and that could happen to millions of people who hide their gains from their representative tax authorities.

Tax season is in full swing in the US, and many people have a dilemma: whether to claim crypto gains from 2017 or not? That is the question of Q1 2018. Last year saw an explosion of Bitcoin and altcoins on to the mainstream.

Bitcoin mania enchanted millions in the final quarter of 2017. Many people believe that their funds are hidden and that the government cannot see their trading activity because their wallets are anonymous.

They are wrong. Essentially, Blockchain equals digital paper trail. The whole reason behind Blockchain is to increase accurate reporting and ease of auditing transactions. It is designed to promote transparency and reduce fraud with incorruptible ledgers of transactions.

Hidden links

All of your transactions are visible. There are companies such as Chainalysis that audit transactions and are partnering with government tax authorities to hunt for people who are not reporting their gains. According to the company’s website:

“Through formal partnerships with Europol and other international law enforcement, our investigative tools have been used globally to successfully track, apprehend, and convict money launderers and cybercriminals.”

While some wallets are anonymous, your bank account is not. If you’ve transferred any fiat from cryptocurrency sales to your bank account, there is a record of that activity. If you transferred over $10,000 in a single transaction, the bank will have already filed a suspicious activity report (SAR) flagging your account.

With relative ease, auditing companies working with government tax collection bodies can start to figure out who has not been reporting their gains. You might want to think about listing your gains and losses when you file your taxes this year.

Fuzzy descriptions, but determined

While the IRS still has a fuzzy description of what cryptocurrency is and how to tax it, the agency did go after Coinbase, the largest exchange and broker of cryptocurrencies. The IRS initially requested Coinbase to turn over the accounts of customers who bought Bitcoin between 2013 and 2015. During this time, the value of Bitcoin soared dramatically from around $13 to a high of more than $1,100 in 2013, then back below $200 in 2015. Not everyone was “Hodling” at that time- profits were made.

In nine short years, Bitcoin went from being an underground “nerd” currency to one bordering on the mainstream.

In the process, it has made tens of thousands of people wealthy and brought about incredible technology that will revolutionize our world.

Now that Blockchain, Bitcoin and cryptocurrencies are in the public eye, the regulators and the governments of the world want to claim their share of your profits.

The taxman is now savvy to Blockchain and will use it to his advantage to collect. You better check your taxes closely this season.

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10 Cryptocurrency Security Tips How to Keep Your Cryptocurrency Safe

📚 Wikicoin
Crypto adoption has led to an increase in theft of digital assets. These security tips show you how to be safe
10 Cryptocurrency Security Tips How to Keep Your Cryptocurrency Safe

 

The widespread acceptance of cryptocurrency as a standard means of exchange is increasing daily. This was confirmed when Coinbase and Blockchain.com, two renowned cryptocurrency exchanges, reported about two mln and 1.8 mln new users respectively within 60 days. While cryptocurrency enthusiasts might rejoice at this revelation, the question of “how to keep your cryptocurrency safe” is fast becoming a cause for concern.

The extent of cryptocurrency security threats

According to several reports on cryptocurrency security, about nine mln dollars is lost daily to scams. A more recent report showed that a 12.75 mln dollars investment in cryptocurrency by Australians was a scam. These developments put the magnitude of fraud to be about four times worse than it was last year and it shows no sign of slowing down, hence, the need for an effective cryptocurrency security guide.

Financial analysts are propounding theories, albeit unfounded, of how cryptocurrency would not weather the storm. However, techniques abound on how to keep your cryptocurrency safe. This article explains the various cryptocurrency security tips which will ensure your digital assets are safe.

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What are the popular cryptocurrency security risks?

Many new investors might find some of these terms puzzling, however, in a short while, it’ll become mundane lingo. What are the security risks you might face?

  1. Phone-porting attack- This is a phenomenon whereby criminals join social media discussions for crypto-users and then monitor the emails and phone numbers being revealed. When they get this information, they use social engineering techniques to gain ownership of the phone number or email address, log in to the user’s account or wallet and then empty it.

  2. Phishing attacks- They should be easy to detect for a trained eye and it isn’t really a preferred method of cryptocurrency theft, however, when it comes to cryptocurrency security tips, every threat is considered important. Here, the perpetrators pose as reputable financial companies to trick unsuspecting users into giving up their digital wallet login details.

  3. Ponzi schemes- Human wants are inherently insatiable and these criminals leverage this knowledge to trick users into losing huge sums of money. Most times, the victims of Ponzi schemes disregard every cryptocurrency security guide and choose to fall prey.

Amidst these stern-looking and dangerous-sounding cryptocurrency security threats, how to keep your cryptocurrency safe becomes a prevalent issue which can only be resolved using a combination of skill, fastidiousness and experience.

10 Cryptocurrency security tips

Cryptocurrencies are underpinned by a decentralized technology. This conveniently eliminates the unscrupulous middle-men, banks, or any form of centralized agency which can easily be attacked. However, the bulk of securing your digital assets rests on your shoulder.

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Here are 10 cryptocurrency tips you should abide by if you don’t want to be a victim.

  1. Backups are important- Having a backup is the ultimate way of saying “I know that anything can happen, I won’t allow that cause me loss.” The pain you feel when you work on a project and then your laptop gets stolen before you can submit it is incomparable to what you experience when you lose $5,000 in cryptocurrency. The ultimate cryptocurrency security guide is to have a backup, simple.

  2. Encrypt your sensitive data- Linux users, perhaps, already know this tip and they have been enjoying it or years now. On Windows and Mac though, it’s not so easy to implement. Tools like VeraCrypt and FileCrypt aid in encrypting your drives and wallet, saving you from any loss.

  3. Use a core wallet- These are designed or cold storage and are touted for their stability and flexibility. Although for daily transactions, they are not preferred due to the slow, clunky and rigorous mode of operation. This, in itself, is an advantage as it will make theft incredibly hard to perpetrate.

  4. Only use secure networks- These crypto-robbers are smart. Their intelligence, coupled with high-speed computing facilities renders even those who come up with cryptocurrency security tips helpless. You are making their job easier for them when you use multiple networks for surfing or public Wi-Fi.

  5. Go the extra mile with passwords- “Password1234” and “myPassword” used to be really cool when signing up on Twitter, Facebook and other social media platforms. However, when your money is involved, you need to ditch creativity and be more security conscious.

  6. Abstain from mobile wallets- This is one of the cryptocurrency security tips that people have to learn on their own- after unfortunate experiences. It is incredibly easy to lose access to your phone, get ambushed or even get hacked and you’ll be forced to relinquish the little funds you have in the wallet.

  7. Third-party cryptocurrency security is recommended- There are few companies out there leading the campaign of cryptocurrency security and they provide hardware wallets for you to store your assets. They are also equipped with multilayer security and double authentication systems.
    This begs the question of how security is guaranteed using anything third-party. You also need to play it safe, watch out for phony companies who are out to steal your information.

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  8. You need strong protective doors, not breakable windows- Pardon the pun but this is an important cryptocurrency security guide to adhere to. Windows offers beautiful GUIs, simple installation process, and ubiquity. However, the vulnerability is just too great to ignore. For people who have significant investments in digital assets, their cryptocurrency security tip will be to install Linux.

  9. Be discreet with your personal information- Why should you go about broadcasting the amount you have in your wallet or other sensitive details about your account? Why?

  10. As much as you can, do not divulge any piece of information which can be used to access your personal information- pins, phone numbers, email addresses, passwords, etc. Even if the hackers are going to attempt phishing, make their job extremely hard to execute.
    Avoid suspicious transactions- Ponzi schemes, ransomware and other security threats are not things to joke about. If you do not have a good feeling about that transaction, do not be afraid to pull the plug. The worst that can happen is that you miss out on the “juicy offer” being advertised, at least you have your hard-earned cryptocurrency safe.

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The ultimate cryptocurrency security guide

Even though you had fun reading this article, the most important step you can take to keep your coins safe is to follow these tips religiously. It is very easy to forget some of these and the consequence is disastrous. When you make up your mind to follow these suggestions, you can relax, knowing fully well that you’re immune to their ploys. 

Wikicoin
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