Wikicoin Katya Michaels

WikiCoin: How to Join a Mining Pool

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Joining a mining pool can be a great option for beginners and small-scale miners, providing a relatively small but steady stream of income
WikiCoin: How to Join a Mining Pool

If you’ve decided to give cryptocurrency mining a try and chose the mining hardware option that works best for you, the next consideration is whether to mine solo or to join a mining pool. While there are many arguments for and against both options, Bitcoin network statistics (hash rate distribution) indicate that most miners choose to join a pool.

The odds and the rewards

Joining a mining pool is a tradeoff: the pool has a significantly higher chance of solving a block than a solo miner, but the reward will be split between all pool members. So, pool mining has the upside of generating a steady payment stream, though the numbers will be lower than a full block reward.

One of the risks associated with pool mining is the 51 percent attack problem. If a pool exceeds 51 percent of the network’s hashing power, it can compromise the safety of the entire network. Therefore, miners are advised to leave pools that are approaching this percentage.

Cryptocurrency choices

The difficulty level of Bitcoin mining is becoming so high, that solo mining is nearly pointless. Altcoins, especially ones based on the scrypt algorithm rather than SHA256, might be a better choice for first-time miners because of the lower difficulty. In either case, joining a pool can be a great approach for beginners and small-scale miners.

If you can’t decide which cryptocurrency to mine, there are the options of “merged mining” and Multipool. With merged mining, blocks that are solved for Bitcoin can also be applied to other currencies with the same PoW algorithm. A Multipool automatically switches your mining hardware between altcoins to optimize profitability, although you can also choose to fix your miner on one currency.

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Payment distribution

The way pools allocate payments and deduct fees can differ, so it’s best to do your research. However, most use a variation of the “pay per share” model. This means that miners are paid not just for actually solving blocks that are added to the Blockchain and rewarded with coins, but also for trying to solve the blocks and contributing processing power to the mining pool. The “shares” are proof of this processing work done by your mining hardware.

Signing up

Once you have your hardware setup in place and choose which mining pool you’d like to join, you can sign up for an account and create “workers” for each piece of mining hardware. The pool uses this construct to track the hash rate of each device separately and avoid duplicate shares and will also help you distinguish between miners on your machine if you’re running more than one.

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Blockchain Certification: How to Get Certified in Blockchain Technology

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Blockchain has already become a popular trend. In this regard, developers need to confirm their knowledge in this field through certificates
Blockchain Certification: How to Get Certified in Blockchain Technology

It is a vivid fact that blockchain and cryptocurrencies have penetrated into our lives. New technologies are already being used in logistics, financial institutions, medical services, etc. Over the past few years, developers of blockchain technology have evolved from representatives of narrowly focused specialization to professionals, whose shortages are seriously felt on the market.

Blockchain certification

New technologies have conquered the minds and hearts of millions of enthusiasts around the world. Many people have taken the path of self-learning in the field of blockchain, eagerly absorbing information, learning new skills on their own and gaining experience. The only problem is that it is rather difficult to study independently without the help of competent professionals who can share valuable knowledge rather than general information from Wikipedia.

A problem can arise if you are actively interested in blockchain technology and want to get more knowledge as a professional, but you don’t have the opportunity to spend a lot of time learning about blockchain. So, it becomes quite difficult to find options for a quick and effective education and training.

In this article, we have created a list of blockchain certifications to help developers master their skills.

Blockchain Council

 Blockchain Council logo

It is one of the well-known blockchain expert communities. It conducts trainings, certifies blockchain specialists and is open for membership.

Training is available for beginners and more or less experienced blockchain enthusiasts. At the same time, you can choose the direction of interest on your own or alternately take several trainings to strengthen existing knowledge or learn something new. The Blockchain Council expert community organizes trainings for a completely small fee of $45 in the format of online meetings. Topics of training are the following:

  • Introduction to Initial Coin Offerings (ICO)

  • Working with hyperledger fabric blockchain on IBM Bluemix

  • How to build Decentralized Auto Democracy (DAO) in blockchain

  • Blockchain glossary – learn blockchain frequently used terms

  • Understand the largest blockchain attacks

  • Setting up Ethereum blockchain in 1 hour

  • Learn Solidity: programing language for Ethereum smart-contracts

  • Learn Ethereum blockchain & smart-contract within 1 hour

On the website for each training, you can see its program and evaluate the practical benefits for yourself. Blockchain Council has made certification available to everyone, in the target areas including:

  • Certified blockchain expert

  • Certified cryptocurrency trader

  • Certified cryptocurrency expert

  • Certified Solidity developer

  • Certified Ethereum expert

Course fees range from $9 to $149, while the annual payment for membership in the Blockchain Council is $199.

Obtaining the status of a certified blockchain expert using Blockchain Council is an excellent investment in yourself as a recognized professional.

In addition, in the labor market, specialists who are familiar with blockchain technology, cryptocurrency, and smart contracts can claim to be paid an average of 30% more than their competitors without similar skills.

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CryptoCurrency Certification Consortium

Consortium logo

This program helps students become certified Bitcoin experts. Consortium offers three types of courses, after which people can become a Certified Bitcoin Professional, a Certified Bitcoin Expert or a Certified Ethereum Developer. A Certified Bitcoin Specialist (CBP) understands Bitcoin’s protocol, its transactions, and its network operation.

CBP specialists can apply Bitcoin technology in their professional field, understanding the aspects of confidentiality, double spending and other issues related to cryptocurrency. Training lasts two years, and the cost is $95 for the course plus a fee of $30.

An expert in the field of Bitcoin obtains "expert level cryptocurrency knowledge.” Such a diploma makes it possible to develop applications on the blockchain. These specialists understand the principles of interaction between peers in the Bitcoin network, how to handle transactions at the byte level, and the writing of scripts that adapt transaction behavior.

The consortium's board of directors includes Andreas Antonopoulos, Vitalik Buterin and Michael Perklin.

RMIT University

RMIT University

The Royal Melbourne Institute of Technology (RMIT) created the Blockchain innovation center to conduct research on blockchain technologies.

This institution is declared the first research center in the world whose goal is to study the social sciences related to the blockchain.

The new center works as an international interdisciplinary research group studying the economic, cultural and social implications of blockchain technology. It also intends to cooperate with a variety of companies from different fields of activity in order to share developments and employ students after graduation.

This scientific cluster is about to develop and implement policies aimed at facilitating the transition to a future blockchain economy, as well as interact with politicians and governments to discuss the social and political impact of this technology.

Digital Currency Council

Digital Currency Council logo

This program was created in 2014 in New York by David Berger, who is the founder and leader of the courses. Currently, DCC educational services are used by more than 1,500 participants from 90 countries around the world. The organization calls itself "an association of experts in the field of digital currencies."

The DCC training program is much shorter than the courses offered by the CryptoCurrency Certification Consortium and lasts only seven hours. However, the cost of this course is much higher, which is $299. The Digital Currency Council includes six main areas: technical fundamentals of cryptocurrency, financial relations, practical use, the Bitcoin ecosystem, accounting, and legal subjects. The DCC offers completing a self-test to determine your qualifications. The program is supported by Digital Currency Group and Silicon Valley accelerator 500 Startups.

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Blockchain Training Alliance

Blockchain Training Alliance logo

The company offers a comprehensive training program on blockchain technologies. The Alliance also promotes courses at the place of residence. The goal is simple: to provide students with the most up-to-date materials and instructions on blockchain and maintain their skills through new courses as the technology develops.

The main advantage of the alliance lies in its mobility – lectures and trainings are held around the world. This can be an excellent option for corporations wishing to familiarize employees with blockchain and cryptocurrency. Blockchain Training Alliance offers modern, flexible and interdisciplinary programs.

Choosing the right program

Undoubtedly, there are many other educational programs dedicated to blockchain and cryptocurrency. Graduation certificates can be very useful for building careers. You should not exclude the possibility of free online learning. In addition to free courses, one can find a wealth of information about Bitcoin and its technical aspects on the Internet.

Only accredited bodies that work by their own rules have the documentary right to confirm certification, often acting as monopolies. There are very few alternatives, though the industry remains commercial in many countries.

In any case, before making a final choice in favor of any course, it is recommended to carefully study the program and its methods.

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10 Best Cloud Mining Sites in 2019

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Mining has become very popular now. However, if you do not have enough money to buy ASIC miners, cloud mining may be the best alternative.
10 Best Cloud Mining Sites in 2019

There are plenty of ways to earn cryptocurrency. Lots of them do not require investments and tons of money: it is enough to have a wallet and Internet access. But in order to get a stable income, you need to correctly approach the method of earnings and finding a suitable company. Investing in cloud mining is the most sensible step in multiplying your cryptocurrency assets in 2019.

Bitcoin cloud mining

Cloud mining is a modern solution for clients who are sure of the stability of the chosen payment method and are not going to assemble the mining farm and proceed through a noisy hardware installation.

To verify the relevance of such a source of income, it is necessary to explore all its advantages. Only after making sure that the positives prevail over the negative ones, one should get down to business.

Pros of cloud mining:

  • Easy to start. You just sign up on the service you like, pay money and start earning.

  • Accessibility. You can buy any “share” of equipment for any amount.

Cons of cloud mining:

  • Less profit. Of course, cloud mining services will not work at a loss.

  • Hardware does not belong to you.

  • Scams. The Internet is full of scammers and of course, there are people who create fake cloud mining websites.

When choosing a company to invest in cloud mining, first of all you need to pay attention to feedback, the service lifespan and the adequacy of the offer.

In this article, we will briefly analyze the 10 most reliable cloud mining websites that have proven themselves due to their stable payments and favorable tariff plans.

IQ Mining

IQ Mining landing page

IQ Mining is a profitable service for cloud mining, as it automatically switches between the most profitable currencies, which are then converted into Bitcoin. You can receive a payment once a day and choose up to 5 cryptocurrencies.

The platform differs from its competitors by the following features:

  • Automatically switches to the most profitable altcoin.

  • The company has contracts with international partners.

  • Clearly determined payback period and income.

  • No commissions for payment transactions.

Genesis Mining

Genesis mining hardware

Genesis Mining is another reliable resource for cloud mining. On its website, you can even monitor some mining farms. In such a convenient process of work lies the first advantage of the company – transparency, which significantly increases the level of customer confidence.

The company provides its clients with the following benefits:

  • Forget about having to spend a lot of time installing the hardware.

  • Mine any cryptocurrencies available on the website.

  • In case of possible system failures, all capacities will be redirected to other pools.

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Hashing24

Hashing24 landing page

Hashing24 is a popular service that provides the opportunity to conduct cloud mining. It has been operating since 2015 and has representative offices in Ireland and in Ukraine. The service is notable for the fact that the team focuses on creating reliable partnerships with market leaders.

Reasons to invest in Hashing24:

  • Mining uses the hardware of BitFury, which is currently the market leader.

  • Prompt replenishment of the account and the ability to withdraw coins on the same day.

  • The usage of high-quality equipment.

HashFlare

HashFlare website

Hashflare is a subsidiary of Hashcoins, another manufacturer of mining equipment. The platform offers the chance to buy hash power for various digital assets, such as Bitcoin and Litecoin, as well as Ethereum and Zcash.

The company's goal is to provide an opportunity for everyone to earn cryptocurrency, regardless of experience, size of investments and technical skills. Thus, the company develops its mining technology and supports digital currency and the economic network of Bitcoin and some other digital assets. The HashFlare team offers its customers to try out cloud mining and receive dividends from investments in hardware.

The platform provides the following benefits:

  • Connection in 0.001 sec

  • Withdrawal without delay

  • Detailed statistics on the status of equipment in your account

  • No hidden fees

Nuvoo Mining

 Nuvoo Mining website interface

In addition to cloud mining, Nuvoo offers several alternatives for cooperation, including the possibility of renting a mining farm developed by experienced experts. The system algorithm of the company's farms has been developed by experts in the cryptocurrency market and the main development bias is on energy efficiency and environmental friendliness of mining.

Main advantages:

  • No extra charges.

  • Low prices for electricity and cooling.

  • Multi-currency mining.

AlienCloud

 AlienCloud interface

Besides cloud mining, AlienCloud is also a cryptocurrency exchange and a wallet for storing monetary assets. The platform serves as a whole ecosystem for interacting with cryptocurrencies, which is especially convenient for beginners. The service is known in the crypto community and has a high level of user confidence. AlienCloud supports 3 languages: Russian, English, and Chinese.

The main advantages of the service:

  • The indefinite validity of contracts

  • The use of computing power is not limited in time

  • 100% equipment warranty

CCG Mining

CCG Mining website

CCG Mining is an international platform with branches in the Czech Republic, Latvia, Austria, Poland, Great Britain, and Russia. The platform mines Bitcoin, as well as Ethereum, Zcash, Monero, Litecoin and Bitcoin Cash.

Due to the fact that the offices of the company are located in different regions, the service is uninterrupted.

The main benefits:

  • International platform

  • Variety of contracts

  • Income Calculator

  • Mining starts immediately after registration

  • 24/7 technical support

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AGIO Crypto

AGIO Crypto logo

AGIO Crypto has entered into the mining business very quickly and successfully. It has become a reseller of such giant companies as Bitmain and Saint Bitts. In addition, its own data centers are located in Russia and Ukraine.

The service uses the latest equipment, which is followed 24/7 by technical specialists. The company publishes all the documentation on its website. Thus, there is a calculator for income forecasts.

Main advantages:

  • Perpetual contracts

  • Each contract can be sold or donated

  • Forecast calculator

World Mining

World Mining logo

World Mining is a young cloud mining service. It has powerful hardware, offers a handwritten script and regular training webinars.

The platform provides 5 contracts with different conditions and income and with the average daily profit of 0.9-1.5%.

Pros of the platform:

  • Dedicated server

  • Bonuses

  • DDoS protection

Cloudy Mining

Cloudy Mining logo

Cloudy Mining is one of the most used cloud mining platforms. The main capacities are concentrated in Lithuania, as the country has a special interest in technological progress and encourages innovation of any kind.

Main advantages:

  • First earnings after 24 hours

  • No hidden fees

  • Cost of the contract is fixed until its expiration

Overall, cloud mining in 2019 will continue to gain popularity among users. The number of platforms offering the professional services to miners will increase, as well as the demand for rental special hardware.

Companies do their best to attract as many clients as they can. In this regard, IQ Mining offers a special promotion. It gives 25% extra hashrate to all mining contract purchases. In addition, there is a chance to win valuable prizes.

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How to Buy Bitcoin with Bank Accounts Instantly

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Want to buy Bitcoin with a bank account? Read about the platforms where you can get BTC instantly, including requirements, fees, and rules
How to Buy Bitcoin with Bank Accounts Instantly

Want to join the crypto community? Then owning Bitcoin is a must – this is the a crypto essential. Wonder how to become a happy Bitcoin owner? The simplest way is to buy it directly with your credit card or check.

That may seem strange because BTC itself is opposed to the traditional banking sphere – it is designed to literally disrupt the existing financial world. But while fiat and crypto coexist, consider buying Bitcoins with bank account.

Let’s find out how to buy BTC with a bank account, and which services are recommended for that.

Why consider a direct purchase?

There are several reasons for you to buy Bitcoin with fiat:

1.    If you are a beginner in crypto, purchasing one token for another would be very challenging. Too many steps, too many places – each with their own prices and fees.

2.   It's more beneficial for a BTC seller to have money transferred to his account instantly rather than trading on an exchange platform. That takes more time, and additional transaction fees apply.

3.   In fact, purchasing BTC directly from a person using some specialized platform is less risky than having one more middleman in the form of an exchange platform.

4.   To top it off, a direct BTC purchase is simply quicker – the transaction takes a few minutes only.

Thus, purchasing crypto with your fiat riches is the simplest way to become a proud owner of digital currency. But where to obtain BTC online?

Top platforms where you can buy Bitcoin instantly with a bank account

With the help of these websites, you can use an inbuilt BTC wallet and get crypto coins in exchange for fiat.

Coinbase

It’s a common choice for both crypto token exchanges and storage of crypto coins. It was launched 7 years ago and now is available in over 30 countries. Coinbase supports a huge amount of crypto coins, including Bitcoin. Here, you can buy BTC worth up to $150 or €150 weekly with your plastic card. To enjoy Coinbase’s services, users have to go through the KYC/AML procedure, which means personal data is required. As for fees, users are charged a 3.99% fee for purchases with a debit/credit card – optimal for EU and US clients. In some cases, Coinbase users can get compensated.

Coinbase boasts a few undeniable benefits:

●   High purchase limits;

●   It’s simple to navigate and get acquainted with;

●   Instant BTC purchases can be made with plastic cards.

However, if you want to buy Bitcoin with a bank transfer, be ready to wait about 5 days. Besides, Coinbase tracks how users spend purchased crypto, and if you use it for shopping in the darknet or some other illegal purposes, your account might be blocked.

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Coinmama

This website also provides users with the opportunity to obtain BTC using a bank card. Surprisingly, it has a very high 6% fee because of the risks and operation commissions. However, Coinmama has more than agreeable limits: users can get about $5,000 worth of BTC daily, or $20,000 worth of BTC monthly.

Coinmama verification requirements

As soon as you register and verify your personality, you can transfer Bitcoin to your bank account in a jiffy. Coinmama works in the vast majority of countries and has proven to be a trustworthy platform.

Luno

Luno platform is designed for European users mostly: it allows you to buy Bitcoins with bank account and has a very low commission. Besides, loyal Luno users can get compensated. We recommend this platform because it’s a well-established service that’s been around for years, and deposits are free. However, the inbuilt Luno BTC wallet isn’t reliable, so find another place to store your currency.

Luno website interface

CEX.io

An old crypto exchange, CEX.io is designed mostly for EU and American users (it’s present in several states of the USA and some countries in South America). Now, it is available in many countries (UK users should note that GBP operations leave to desire more liquidity). Why try this service? First, CEX.io has a very low 0.2% fee. Some users can claim compensation. Secondly, this well-reputable website has gained the trust of thousands of users.

Buying BTC is made easy as never before

However, you should be ready for the security trade-off: the personality verification process is quite long (it may take up to 30 min), and users have to provide personal data, as well as their photo. Most likely, you’ll need to wait several days until administrators check the submitted data and confirm it.

Bitpanda

This is a broker that was established in Austria for European users only. Here, users buy Bitcoin online with bank accounts with a moderate 3-4% commission. The most inconvenient thing is that Bitpanda shows the exact amount of fee only when you buy. The main reason to try it is a relatively low commission, and reliability.

BTC is available in a couple of clicks

Bitfinex

This crypto exchange website was launched in Hong Kong, and it’s been around for 7 years already. Bitfinex is a tried and trusted platform with a large BTC/USD trading turnover, which guarantees liquidity. The service is available all around the world except a few countries, including the USA and North Korea. Aside from dollars and euro, Bitfinex supports JPY and GBP. Fees are minor and mostly depend on the sum involved. As a rule, it’s 0.1% for taker and 0.2% for maker, which is quite agreeable. More information about fees is here:

Bitfinex maker and taker fees

To buy Bitcoin with bank transfers or a bank account, you should go through KYC/AML procedures. It requires both time and personal data. Yet, it guarantees you’ll work with a trustworthy platform.

GDAX

This crypto marketplace works under Coinbase’s ownership. GDAX works in a few countries, and accepts three basic fiats. Why choose this platform? It has a low operation commission (0% for maker, and up to 0.3% for taker) which is defined by the amount of funds processed. The platform requires users to pass AML/KYC procedures and guarantees safety. It is quite easy to use, and the liquidity level is optimal.

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Bitstamp

This website was established in Luxembourg and has been around for 8 years. Use fiat to buy a lot of basic cryptocurrencies, including BTC and BCH. Bitstamp is available for users from all over the world, but it accepts payments in euro and dollars only. If you want to perform transactions via bank account, KYC and AML procedures are obligatory. Although it takes time, this is the warranty of safety. Bitstamp boasts very low commissions from 0.25% to 0.1% – it depends on the monthly volume of fiat. Therefore, if you want to play big, Bitstamp is the right place.

Bitstamp has ready offers for BTC buying

Kraken

Searching for a platform with high euro liquidity? Then opt for the US-based website called ‘Kraken’: it has been around since 2011, and is now in several countries. Today, it’s the best option for euro payments. To start trading on Kraken, you should go through the KYC and AML procedures. Luckily, it shouldn’t take much time there. What about Kraken’s fee policy? It features fixed deposit/withdrawal fees:

 Kraken transaction fees

That seems to be much, but only if you operate with small sums. If you plan to pull thousands of dollars in requisition, fixed commissions will be more agreeable.

LocalBitcoins

Plan to buy Bitcoin with a bank account without sharing the private data? On LocalBitcoins, the KYC procedure is not obligatory – money is sent directly to users. This project allows for BTC trading with its nominal fee. Besides, there’s an escrow service that ensures safety. LocalBitcoins is available for people from all over the globe, and it supports all fiat currencies. A pre-set 1% commission applies to all operation.

CoinSpot

The main Australian BTC exchange platform, which appeared in 2013. Registration on CoinSpot is quite simple and doesn’t take much time. Please, note that this platform supports only the Australian dollar. If you want to transfer some BTC to a bank account, be ready for a 1% commission (that’s quite agreeable), and crypto operations on BTC markets are charged 0.25% fee.

Choose a trading platform according to your needs

How to buy Bitcoin with a bank account

Okay, now that you’ve decided which platform complies with your demands, let’s figure out how to make your first purchase. Here are the steps to take:

1.    Create an account on a website and approve your email.

2.   Log in to your client area and specify personal details.

3.   Go through the KYC (Know Your Customer) procedure: upload your ID, or passport to verify your personality.

4.   Specify your Bitcoin wallet (it must be already existing).

5.   Choose the payment option – either credit/debit card or bank account.

6.   Select BTC amount you want to buy.

7.    Paste the BTC address.

8.   Specify credit/debit card information.

To boost security, some websites ask customers to provide their mobile phone – it is used to send SMS messages with confirmation codes.

Use trustworthy platforms to purchase BTC, and you will enjoy an exceptional trading experience!

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Top 13 Ripple Wallets in 2019

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Where to store your Ripple tokens? Using these Ripple wallet reviews, you will make an informed decision and pick the best solution.
Top 13 Ripple Wallets in 2019

Now that you know how to purchase Ripple, you might have one more concern: where to keep it? You need a secure depository for your hard-earned XRP, and in this ultimate guide, we will observe the worthiest solutions for 2019.

Types of Ripple wallets

XRP can be kept in four different ways – each kind of wallet has its peculiarities, advantages, and drawbacks.

Hardware

Today, this is the safest option you can find. A hardware wallet stores cryptocurrency offline, which protects it against hackers and third parties. Afraid of losing or damaging your device? Most of these gadgets allow the user to recover his digital assets in such events. The main drawback is that you need its physical presence to manage your funds. Besides, such a gadget costs at least $50.

Online Wallets

Online wallets are the most common choice of Bitcoin owners: they are free and convenient to use, don’t take up space on the user’s computer, and some allow for multi-currency storage. You can access a web wallet from anywhere with an Internet connection. However, web wallets are far not the safest solution around – they are often associated with hacker attacks.

Desktop Wallets

These solutions are pretty much the same as their web counterparts with one difference: they can only be opened if you have software installed on your PC. Web storage was invented before all other styles of wallets. Desktop XRP depositories are not widely spread today because they require much space on a user’s computer.

Paper Wallets

These are just pieces of paper where you have private codes written on. Such wallets are often used together with bank deposit boxes where investors store precious papers. Sound silly? Don’t rush to make conclusions – the Winklevoss twins, both famous Bitcoin billionaires, used to keep their private keys in bank deposit boxes.

Paper cryptocurrency wallet
This is what a paper cryptocurrency wallet from WalletGenerator looks like

How to select a solution for XRP storage?

There’s a multitude of factors that matter. An unsafe solution can cost you too much. You don’t want to deal with scammers and cybercriminals, do you? Pay attention to the following crucial aspects:

  1. Who is the team developing the project? Perform your own research and check out who are the people behind the project. Are they experienced enough? What are their previous achievements? Never trust your digital money to unknown development teams. When it comes to such a serious cryptocurrency as Ripple, a well-established reputation means a lot.

  2. Convenience of navigation. UX is another important factor. What if you’re a newcomer in the sphere of crypto? Then you will need a simple intuitive solution. Web depositories are usually the simplest ones to navigate and comprehend.
  3. Private keys. Wherever you prefer to keep your assets, you should be assured that no third party can get them. The sad truth is that scammers have stolen millions of crypto tokens by making investors share their private keys. But even if you’re smart enough to understand that, the Ripple wallet might appear to be unprotected and underdeveloped. Choose the most reliable solutions only – they are made to protect users’ private keys. 
    Private vs public wallet key
    Don’t mix up your public and private keys

     

  4. Is a backup option available? Even if you work with a reliable crypto wallet, always remember that things happen, and without a backup, you might lose your riches forever. Imagine you store your Ripple on a phone and accidentally lose it. Without having your crypto backed up, you can say goodbye to your hard-earned or hard-traded money.

Now that the stage is set, let’s get down to observing XRP storage solutions.

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1. Ledger Nano S

Would you like to carry XRP like regular money? Buy a Ledger Nano S hard wallet. This device was designed to store various cryptocurrencies on its physical chip. It looks like a regular USB drive and allows for storing an unlimited amount of cryptocurrency. For fund management, a user should simply attach the device to his PC using the wire. Once the gadget synchronizes with the system, the owner’s balance will be renewed automatically.

Ledger Nano S renders all necessary options: you can control your digital money safely. Private codes are never disclosed in the Internet.

Ledger Nano S hardware wallet
Hardware wallets are the safest way of storing XRP

Now the bad news. Ledger Nano S costs $99, though you can purchase it for as low as $59 with the discount provided by some sellers. Is it too much for the bulletproof security of your Ripple tokens? We readily pay the banks that keep our deposits safe and secure, so a one-time payment of $99 doesn’t seem like much, especially if you handle large amounts of cryptocurrency.

2. Jaxx

This XRP depository supports several top tokens, ensuring total mobility. Initially, it was designed to serve as a mobile wallet for Android and iOS, but the Jaxx team plans to release a desktop version, too.

So, why chose Jaxx? First, its creators did their best to make an intuitive, simple menu. It's a no-brainer even for beginners and dummies. All you need is to install Jaxx on your smartphone, log in, and create a wallet. Managing crypto is as easy as 1-2-3. Secondly, Jaxx keeps users’ private codes on the device – keys are never leaked to the Internet, and no third parties can access them.

Last but not the least is 2-step authentication. Once you enable it, your client area won't be accessed without SMS confirmations.

3. Toast Wallet

Crypto newbies should consider Toast Wallet – a minimalistic and convenient open-source XRP depository. It’s available in both mobile and desktop versions, and whichever you select, you will enjoy intuitive navigation. This solution is free: it doesn’t charge you anything neither for installation nor for transactions.

Extra benefit is unbeatable security. This solution does not disclose users’ codes and is more hacker-proof than its online counterparts.

Toast wallet interface
Toast wallet is a great mobile Ripple wallet with rich functions

4. CoinPayments

This is a Canadian website that was designed for cryptocurrency payments and online storage. It supports over 1,200 altcoins and charges only a 0.5% transaction fee (it’s imposed on commercial deposits and incoming payments). Like its counterparts, CoinPayments does not restrict its functionality by trading only – users can also make online purchases using the wallet. There’s a myriad of online shops that accept this kind of transfer.

CoinPayments is available in all countries for all users. The 0.5% fee does not change depending on the tokens and amounts. All withdrawals are free except for shopping and business transactions.

Other key advantages of this platform include:

  • It’s a well-developed platform: it has over 300K partners in 180+ states. It is accepted as a means of payment in various shops.
  • The BitGo altcoin security platform accelerates transaction process, making it safer and faster. Thus, CoinPayments is perfect for trading: you can sell or buy cryptocurrency instantly upon cost fluctuations.
  • CoinPayments is protected by multisig technology. You can be sure that no transactions will be made without your approval.
  • Initially, fiat settlements were accessible only to clients from Canada. But now CoinPayments provides this option to users from the USA and Europe as well. They can have digital money transferred into fiat and sent to their bank account.

5. Exarpy

This is not a website or application – Exarpy should rather be called an interface that facilitates XRP management. It’s a safe and fast solution that can be recommended even to dummies (it works on all devices). There’s a 0.025 XRP fee for every operation, which is quite agreeable. If privacy and anonymity are your main concerns, don’t worry: this service does not store any user information. It generates a cryptographic PIN that’s given to every user to log in. Exarpy has no limits of XRP withdrawal and transaction amount.

Exarpy has very low transaction fees
Transaction fees of different platforms

 

6. Edge Wallet

This solution is jam-packed with different features, and users mostly praise it for its simple convenient menu and high reliability. This project unites the best practices of Airbitz (its previous name) and innovative technologies to work with all types of the blockchain, so it supports the vast majority of cryptocurrencies. Using such an XRP depository means you can easily exchange digital money.

Edge Wallet is superb from a security standpoint: it has an extra level of protection and keeps users’ data safe and sound. There’s also a Spaceshift technology that enables instant cryptocurrency swaps without the use of crypto exchanges.

Edge Wallet’s main benefits are:

  • It has a simple, intuitive UI that would be perfect even for beginners.
  • 2-step authentication, security question, and other protection features are included.
  • Works with 100+ tokens and plans to add all existing tokens.
  • Open-source.
  • Supports common OS.

Edge Wallet doesn’t have a web interface. Though, if it doesn’t bother you, this would be an ideal Ripple wallet.

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7. Abra wallet

This mobile app provides several essential services, such as crypto exchanges for traders from all over the globe. Abra supports over 20 crypto assets and Ripple token was added recently. Buy XRP with your fiat cryptocurrency (50 fiats available). No commission is charged for exchange operations. Besides, there are no purchase and exchange limits.

Abra wallet mobile interface
Abra wallet allows for instant transactions and transfers

Abra is simple to use: it’s downloaded and installed on a smartphone. Beginners are able to figure out navigation principles within several minutes. There’s only one risk connected with Abra. The rumor goes that this network can discontinue any time, which means users can lose their private keys. If the company leaves them without support, they might lose their funds forever.

8. GateHub

Today, GateHub supports only a few popular assets including XRP. Users can obtain XRP by paying their fiat money right from the bank. Purchase BTC first and convert it into any other cryptocurrency.

GateHub is officially recommended by Ripple Labs because it offers a few interesting features for users. Besides, management is a no brainer.

GateHub’s strongest points are:

  • It has a simple, clear layout, so users will quickly learn the platform’s navigation. Besides, they can enjoy a detailed transaction history and email notifications. GateHub provides users with updated information about all financial operations.
  • With wallet services, Ripple holders can shop online using their XRP. Many online stores and platform accept GateHub.
  • GateHub provides detailed analytics of the Ripple and Bitcoin price, which enables users to sell and buy Ripple at the right time. Besides, there’s an analytics feature for users’ accounts, giving better insight into operations and crypto portfolio performance.

9. Atomic Wallet

This is a desktop app that processes three hundred assets aside from Ripple. Users can receive XRP, and there’s a possibility to exchange it via Changelly (it’s already built in). Ripple can be bought with a bank card.

Atomic has a convenient user interface that’s protected with a so-called mnemonic seed. It’s created automatically and must be stored in some safe place. Ideally, the user should store the private codes encrypted on his PC or mobile phone and avoid losing it. All common OS are supported. The mobile application to be released soon, as well.

Atomic Wallet desktop interface
Atomic Wallet interface is minimalistic and simple

10. Cryptonator

Cryptonator can be accessed from any device: laptop, smartphone, or a computer. Among its salient features, you can find:

  • The possibility to exchange XRP for other crypto tokens with a very low commission.

  • Advanced security features starting from SSL certificate and finishing by 2-step authentication. Users are also given one-time passwords.
  • Blocking of suspicious IPs when someone attempts to access your account.

This is a decent Ripple wallet that ensures unbeatable security of your crypto assets.

11. Rippex

This is an experimental solution built on the top of the Ripple Desktop Wallet – the team left it open sourced. You can find the code on GitHub, and if you’re a developer, you can make your own version of the wallet. Rippex can be used on Windows, OSX, and Linux.

What’s good about Rippex? It leaves users’ private keys on the computer and is safer than a usual online wallet. There are no limits on the amount of XRP that you can send or receive, and no fees are imposed. However, you should use Rippex cautiously: it’s still in beta version and something can go wrong. Developers aren’t actively involved in improving Rippex, and it’s known to still have some bugs.

12. Guarda

This is a lightweight wallet that supports several crypto currencies and can be used in both mobile and web version, which makes it a great choice for traders who want to manage their Ripple funds on the go. Compatibility and reliability make it one of the best solutions so far.

Guarda puts clients’ privacy on a pedestal: it doesn’t store client information, private keys or transaction data. Keys are left on the user’s device and are deleted from the program once you log out. No KYC process is required, so you don’t have to waste your time on verification.

13. Uphold

This is a versatile multi-currency platform where you can manage Ripple among eight cryptocurrencies, 20 fiat currencies, and even some precious metals. Uphold features a simple user interface, so it’s highly recommended for starters. Users’ security is guaranteed by 2-factor authentication – no one can access digital money without confirming personality. Aside from it, the Uphold team monitors the website on a 24/7 basis.

Today, Uphold is being used by crypto owners from over 180 countries, but deposit methods vary depending on the country of residence. Besides, conversion fees apply, so you should read the website policy attentively before creating Uphold wallet.

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Comparison

Let’s compare popular Ripple wallets side by side:

 

Pros

Cons

Ledger Nano S

●   The most secure solution so far

●   Zero transaction fees

●   It costs $99

●   You should never lose private keys and the device itself

Edge Wallet

●   Password recovery

●   Exchange options

●   Mobile only

●   Without password recovery, you won’t be able to restore your account if you lose private keys

Rippex

●   Great mobile version

●   Advanced security features

●   Various fiat currencies are accepted

●   You should keep your PC free from malware and viruses

●   Requires a safe connection

GateHub

●   Provides information for trading

●   Wallet statistics

●   Instant payments

●   It’s still vulnerable to cyber attacks and malware

Toast

●   Quick access to XRP from a mobile device

●   Backup option

●   Advanced encryption

●   Without a PIN and passphrase, you can miss the recovery step and lose your XRP

●   The website is vulnerable to attacks

CoinPayments

●   Multisig technology for fast transactions

●   Mobile version available

●   Risk of hacking

●   It’s integrated into PayPal, which can pose the risk of leaking information

Cryptonator

●   Fast transactions

●   Low fees

●   Android mobile version and Chrome extension are available

●   Vulnerable to hacking

Alternative: Paper Wallets

If you want to enjoy the same level of security as hardware wallets provide, why not try a paper wallet? This is another method of cold storage that doesn’t require connection to the Internet. The easiest way to generate a paper wallet is to try the Minimalist Ripple Client. To register, you need to set your identity by entering a private key under the identity field.

The application will then generate public and private keys (the public key begins with the letter ‘R’, while the private key is shown below).

As soon as you get the keys, you should write them down on a piece of paper – this will be your only way to get access to your Ripple funds. The XRP wallet will stay offline until you send 20 XRP to the address. It’s better to send funds from some well-established exchanges like Kraken or Binance.

Bottom Line

The security of your XRP tokens should be your primary concern. The choice of crypto wallet matters a lot, so approach this task seriously. Avoid using unpopular wallets and solutions with bad or zero reputation – there's a myriad of available solutions around, and now you know what to choose from.

If you are more of a hodler and don't need to perform regular transactions, choose a hardware wallet. Cold storage is a surefire way to have your digital assets untouched. Oppositely, active traders who want to manage their cryptocurrency on the go should pay attention to online Ripple wallets or consider some lightweight desktop solution. Whatever you need, spare a few minutes reading the user feedbacks and reviews of a preferable product – it will save you time and money down the road.

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5 Most Promising Cryptocurrencies with High Potential in 2019

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With more than 2,000 coins on CMC, picking the project with the most potential is not an easy feat. What’s the most promising cryptocurrency?
5 Most Promising Cryptocurrencies with High Potential in 2019

Yes, the crypto market tanked in 2018, but let’s not miss the forest for the trees: there are still of plenty of promising cryptocurrencies with out-of-the-box use cases. U.Today has determined the top 5 cryptocurrencies with huge potential. While compiling our list, we took into account numerous factors, such as the current standing of a cryptocurrency on CoinMarketCap (CMC), its fundamental advantages and the major developments inside the ecosystem of a certain project. Buckle up! 

Cardano (ADA)

Cardano is a smart contract platform that poses as a better alternative to Ethereum. Notably, the project is spearheaded by a former Ethereum developer Charles Hoskinson. It outperforms Ethereum in the following departments:

  • Scalability. According to many critics, Ethereum, just like Bitcoin, is not able to reach mainstream adoption because the coin is not scalable enough. Ethereum is able to handle only 15 TPS while Cardano’s protocol does 200 TPS.
  • Smart Contracts. Solidity is credited for the popularization of smart contracts, but it also has multiple security flaws. Haskell makes sure that Cardano is an extremely secure Blockchain.
  • Interoperability. Cardano allows different Blockchains to communicate. That will drive the adoption of Cardano since interoperability ensures compliance in transactions.

2018 was underwhelming — ADA lost more 95 percent after the bearish trend started. Moreover, the Cardano community was disappointed by the Shelley release. However, after releasing the Cardano 1.4 update, the project swiftly started picking up steam. Q1 2019, according to Hoskinson, is their final target for the Shelley phase, which will include multisig transactions, paper wallets, quantum resistance, etc. A transition to the Proof-of-Stake (PoS) algorithm will also contribute to a potential bull run. Cardano’s Ouroboros basically makes the energy-consuming PoW algorithm obsolete.

In a huge contrast to the previous year, 2019 is shaping up to be huge for Cardano, and Hoskinson is expected to announce a brand-new roadmap during the forthcoming IOHK Summit that will take place on Apr. 17-18.

Many agree that the current price of Cardano ($0.04) doesn’t reflect the project’s real value. Hence, Cardano is set to fire its cannon this year.

Cardano (ADA)

Ripple (XRP)

If there is one promising cryptocurrency, it’s definitely XRP. After overtaking Ethereum to snatch the second spot on CMC, XRP is gradually becoming a major element of the global financial system. Ripple’s RippleNet, a cross-border settlement service, has signed with more than 200 financial institutions around the globe (the National Bank of Kuwait is one of the most recent examples).

Ripple started 2019 with a slew of new partnerships that are expected to boost adoption. For instance, Euro Exim Bank is expected to start using XRP for conducting cross-border transactions. However, there is a big challenge for Ripple: the crypto behemoth has to convince banking institutions to adopt xRapid, its brand-new messaging product that converts the native currencies to XRP. They succeeded with xCurrent, but very few banking institutions are on board with the XRP-oriented xRapid. Major companies, such as Western Union, IDT, and MoneyGram, are testing xRapid, but they are not fully onboard.

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According to Ripple CEO Garlinghouse, banks are gearing up to use their new product, which could result in a major price spike. On top of that, numerous cryptocurrency exchanges are currently partnering with xRapid. Even Binance, the biggest cryptocurrency exchange by trading volume, recently spilled the beans on a potential tie-up.

However, what kind of spike are we talking about? After a 49,500 percent rally in 2017, XRP also firmly held second place in January, but a swift rise to prominence was followed by a brutal price drop. Currently, the coin is sitting at $0.30, which is a far cry from its ATH of $3.20. The probability of another bull run in 2019 depends on the pace of adoption.

Fun fact: If all financial institutions teamed up with RippleNet for conducting international payments, XRP price will skyrocket to $692.30, and Ripple would be worth $27 trln.

Ripple (XRP)

Waves (WAVES)

Waves finished 2018 on a high note – while the broader market was testing new yearly lows, Waves managed to stay above the fray with its price increasing all of December. Many projects face harsh criticism for not delivering on their promises, but Waves actually managed to exceed all expectations. After its $16 mln ICO that took place in 2019, the Swiss-based startup led by Russian engineer Alexander Ivanov came up with a functioning decentralized exchange in 2017.

Apart from allowing its users to perform cheap and fast transactions, Waves also has a slew of bleeding-edge features. Smart Assets, for instance, is especially valuable for deploying different business solutions that require strict regulatory compliance since it gives the possibility to blacklist or whitelist certain addresses.

Why is Waves among the most promising cryptocurrencies that could make it big in 2019? The answer lies in Security Tokens (STOs), the new pervasive crypto trend. Waves has recently launched Tokenomica, a fully compliant platform that significantly simplifies the issuance of STOs. Tokenomica is expected to have a major impact on the whole ecosystem.

Vostok, which raked in $120 mln in funding, is yet another reason why Waves could be a good bet for 2019.

Waves

Binance Coin (BNB)

Binance Coin (BNB) has recently made it to top 10 biggest currencies by market capitalization, which speaks volumes about how promising this cryptocurrency is in 2019. As the name suggests, Binance Coin is the native coin of Binance, the biggest exchange in the world by trading volume, which took the crypto space by storm since its launch in 2017. 75 percent of BNB transactions take place on Binance.

BNB, which could be the most promising cryptocurrency to invest this year, is the driving force behind the company’s success (Binance users are incentivized to hold the token with the help of transactions fees). According to Binance’s white paper, the exchange burns a certain amount of its tokens every quarter (the latest token burn took place on Jan. 16).

In 2019, Binance places a bigger emphasis on fiat-to-crypto transactions. Changpeng Zhao (CZ) earlier claimed that he wanted to launch at least two fiat gateways on every continent. The Simplex partnership is also promising — the ability to purchase major cryptocurrencies with the help of a credit or debit card guarantees the influx of new customers.

Given that the main idea behind cryptocurrencies is to decentralize the global financial industry, the fact that all mainstream exchanges are centralized is rightfully concerning. Despite being hack-proof, decentralized exchanges fail to break into the mainstream due to issues with trading options and liquidity. Binance DEX, on the other hand, is poised to become a game changer in that department. On Feb. 6, CZ confirmed that Binance is working on a new decentralized exchange.

Binance coin (BNB)

IOTA (MIOTA)

IOTA, just like Cardano, is yet another Blockchain 3.0 project with a heavy focus on the future. MIOTA is poised to change the economy of the Internet-of-Things (IoT), one of the most disruptive technologies of recent years. IOTA enables free machine-to-machine (M2M) payments, one of the major aspects of the IoT. In the long-term perspective, IOTA users will be able to send cheap payments with the following advantages:

  • zero fees;
  • offline transactions;
  • incredibly fast*.

*In theory, IOTA could become infinitely scalable. With IOTA’s economic clustering, there will be no throughput limitation. However, there are still physical limitations of your network bandwidth.

IOTA stands out among run-of-the-mill crypto projects since it uses a Directed Acyclic Graph (DAG) instead of Blockchain. Blokchains and DAGs are both DLT technologies, which means that they are plenty of similarities between them, but there are critical discrepancies when it comes to their scaling properties. IOTA’s DAG is called Tangle, which is supposed to have a major competitive advantage over other Blockchain projects due to the fact that it’s quantum-proof (unlike Blockchain, it can potentially resist a hacking attack performed by a quantum computer).

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With Tangle, the previous generation only seems like the tip of the iceberg of the DLT technology. Despite occupying 14th place on CMC at press time, MIOTA still mostly remains under the radar. There are already 31 bln IoT-powered devices, and this number is expected to rapidly grow throughout 2019. As the world is becoming more interconnected, IOTA will be an inextricable part of this world. Hence, IOTA is the cryptocurrency with the most potential from the pack with a very wide range of potential use cases. On the flip side, one should keep in mind that the Tangle is a very nascent technology that has to stand the test of time.

IOTA (MIOTA)

The bottom line

This article is focusing on the most promising altcoins, but one should also consider keeping tabs on the flagship cryptocurrency – Bitcoin. The entire cryptocurrency market usually reflects BTC’s price movement, and the number still refuses to cede ground to numerous competitors. U.Today has recently revealed the major five reasons why you should still consider investing in Bitcoin in 2019, and many factors indeed show that Bitcoin could be up for a big year. Institutional investors are finally warming up to Bitcoin due to low volatility in the market.

Whether you are sticking with Bitcoin or opting for some of the most promising altcoins, 2019 already looks like a very exciting year for crypto. Stay tuned!

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