More Than 1 Million Crypto Users Registered on Robinhood Exchange Since Announcement

 Less than a week ago, we updated you on Robinhood’s announcement on their new zero-fee cryptocurrency exchange. Since their time of announcement, a surge of over 1 million new users registered!

Robinhood’s registration set up is not a quick and easy task compared to other exchanges, as they require you to input your SSN, demographics, and banking information. Therefore, it appears that many are eager to get in position for when it launches.

Sign up for Robinhood here.

 

Co-founder of Robinhood expresses in one’s previous interview, “Crypto is going to change the world and we want to help drive that.”

The success that Robinhood had previously with their stock exchange, makes it very promising for a bright future with its up-coming crypto exchange.

Little is known about the upcoming launch other than that it is scheduled for February 2018-stating, “Robinhood Crypto will initially be available to customers in California, Massachusetts, Missouri, Montana, and New Hampshire. We plan to add support for more states soon.”

At this time they offer tracking of 16 crypto currencies, listed below.

You can sign up for Robinhood Crypto here.

Click for more news or exchanges.

View the official announcement page here.

Protecting Your Cryptocurrency

It has been said that over 1 million bitcoins have been stolen. To put in perspective, at time of writing this article, it would be worth approximately 12 billion dollars.

If you recently got into the crypto-world, you may have not heard of Mt. Gox. This exchange was the leading exchange for Bitcoin held in Japan. It wasn’t until 2014, when they had to shut down and file bankruptcy due to 850,000 Bitcoins being comprised from their exchange site by hijackers.

With cryptocurrency being the new hot topic of today’s assets, there are many new investors. Therefore, scammers are taking advantage and working overtime.

Saying this, today we will be talking about how to secure your digital assets and tips to watch out for.

  • As we have mentioned in the past, securing your funds off an exchange into a digital hardware wallet is the most important thing you can do in protecting your cryptocurrency. Click here to review our recommended hardware wallets and how they work.

  • Do not share your exchange password with others. Also, consider keeping your written down password into a secured vault, not left around for others.
  • Follow the advice of your used exchanges if available including: set up a google authenticator, verified email, and pin. No one should ever ask for your authentication code. The authenticator is used to confirm withdrawals, and purchases. If you have an authenticator set up, even if one comprises your account your cryptocurrency should be protected from withdrawals.

  • Customer support should only be obtained directly from your exchange’s website. Although contacting support on many exchanges will be one’s most frustrating thing in cryptocurrency, do not be impatient trying to call around for other’s help.
  • We never recommend allowing access to your computer to anyone. There are many sites that allows one to put in a code giving them permission to access and view everything in your screen. Not only is this the first step in being able to withdraw your funds, but they could also access other private data in your computer.

  • There is not a safer place for your funds than where it is already at! If one tells you, “Your funds are safer at this address:#############,” never send unless it is to your own hardware wallet address.
  • Make sure your computer is virus free and have malware protection in place.
  • Before you send your cryptocurrency to another wallet, always compare the addresses-as many viruses will automatically change your address to theirs without you even realizing it.

Exchanges will continue to be compromised, so keep only the amount on exchanges you are ready to trade. To see our list of recommended exchanges click here.

 

 

Stay tuned for more reviews, updates, and latest news on cryptocurrency.

 

Join us in our active community discussion group for any questions, tips, or other interests in blockchain technology: https://www.facebook.com/groups/thecryptoadvisor.net/

Disclaimer: Cryptocurrencies are a high risk, speculative market and subject to extreme volatility-never invest more than you are willing to lose. None of the information found on this website should be taken as investment advice or council. We are not liable for any financial losses. Some links found on the website may be affiliate or referral links. Images obtained by google.com (images). References: Ledgerwallet.com, Amazon.com, Google.com.

 

Ledger Nano S Hardware Wallet Review and Guide 2018

With the sudden surge in popularity of Bitcoin and other cryptocurrencies, came an overwhelming demand for a secure way to store these digital assets. This is where hardware wallets come into play!

Hardware Wallets: Ledger, Trezor and KeepKey, are the three front-runners in the field of secure cryptocurrency storage.

Today we will specifically talk about the benefits of owning a Ledger Nano S hardware wallet in 2018.

Here’s what you need to know:

The basic idea of each wallet is to function like a vault for your crypto-currencies, serving as a barrier between your coins and the outside world through encryption and separation, ie cold storage.

The Ledger, the second of the major hardware wallets that we’ll be covering- is currently reaching the best seller rank on Amazon.

Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet. It incorporates one of the highest level of safety features for storing your digital assets and securing digital payments. The Ledger Nano S connects to any computer via USB while using LED display that is easy to read. This allows you to verify by confirming each transaction with easy use of its two top buttons.

Key features:

  • Current pre-order price on their official website: $96.40. Current price on Amazon: $165.00. Within the past couple months, the price doubled as it’s call for demand was more then they could possibly handle. Retail sellers are placed on waiting lists, while customers may even wait months for this valuable necessity.
  • Quick Setup: The Ledger wallet takes approximately 15 minutes to set up through a very basic registration process.
  • Ease of Use: Simple two button design and built-in LED screen make the Ledger a preferred option for even the most technologically challenged users.
  • Compatibility: The Ledger can be used to store ETHEREUM, FIDO U2F, ZCASH, DASH, STRATIS, RIPPLE, BITCOIN CASH, BITCOIN GOLD, ETHEREUM CLASSIC, STELLAR, KOMODO, QTUM, STEALTHCOIN, VIACOIN, DIGIBYTE, BITCOIN, DOGECOIN, LITECOIN, and is also compatible with all major operating systems: Windows, OS X, and Linux.
  • Security: Your confidential data is never exposed as it uses advanced cryptographic algorithms and practices. Additionally if the Ledger is ever destroyed or stolen, you can recover your coins using a special 24 word recovery seed phrase that you made at the time of setup (YOU WILL NEED TO PROTECT THIS RECOVERY PHRASE, TO GET ACCESS TO YOUR FUNDS IF YOUR LEDGER IS EVER LOST OR STOLEN). Your digital assets are protected inside a highly secured environment by a four digit PIN number that you will manually enter.

After you make a purchase of the Ledger Nano S this is what you can expect next:

Your Ledger wallet should be in its original box sealed with shrink wrap.

This is what it will look like when you open it:

After you open the box, remove the contents inside. You can now plug your Ledger Nano S into the computer with your USB cable allowing it to turn on.

On demand, your new hardware wallet will provide you with your 24 word recovery seed phrase. This may take up most of your time in the process, but is well worth your time.

You will need to write down the words it gives you. Secure it in a place where you will not lose it, or be found by others.

Lastly, it will ask you to verify the phrase to confirm your final recovery process.

If your device is ever stolen or damaged, you will need that recovery phrase to insert into a new Ledger. You will now be able to recover your previously stored funds.

Now that the most important part is complete, you are now able to transfer your funds. You will be able to download necessary apps through Ledger’s website here.

Once the apps needed are downloaded, your new wallet will provide you with an address for your desired coins or tokens. You can now withdraw your funds from an unsecured website to your individual decentralized bank, the Ledger Nano S.

What you can expect to find in the box:

  • LEDGER NANO S

  • USB CABLE

  • INSTRUCTIONS

  • RECOVERY SHEET

Here are some other features provided by the company Ledger:

“DIMENSION & WEIGHT

Size: 98mm x 18mm x 9mm.
Weight: 16.2g.

COMPATIBILITY

Windows (7+), Mac (10.8+), Linux or Chrome OS. Requires Google Chrome or Chromium, and one USB port to plug your Ledger Nano S.

MICROCONTROLLERS & CONNECTOR

Connector: USB Type Micro-B.
Certification level: CC EAL5+.
Chips: ST31H320 (secure) + STM32F042.

MATERIALS

Brushed stainless steel and Plastic.”

Important tips to remember:

If you ordered your Ledger Nano S new, and you receive the box without shrink wrap, you need to question it. If your set up does not ask you to make a 24 word seed recovery phrase, do not consider even using it. This is most definitely a scam in hopes that you will store your funds on it. This will allow the original owner to recover and steal your digital currencies. If anyone finds your recovery phrase, they can potentially hack your assets.

Conclusion – The Ledger Nano S is another perfect choice for any entry-level investor hoping to secure their investment in the world of digital currencies.

The Ledger can be purchased directly from the manufacturer here or from Amazon here.

Stay tuned for more reviews, updates, and latest news on cryptocurrency.

To see our list of recommended exchanges click here

Join us in our active community discussion group for any questions, tips, or other interests in blockchain technology: https://www.facebook.com/groups/thecryptoadvisor.net/

Disclaimer: Cryptocurrencies are a high risk, speculative market and subject to extreme volatility-never invest more than you are willing to lose. None of the information found on this website should be taken as investment advice or council. We are not liable for any financial losses. Some links found on the website may be affiliate or referral links. Images obtained by google.com (images). References: Ledgerwallet.com, Amazon.com, Google.com.

Creating Your Cryptocurrency Portfolio

Cryptocurrency… is it for you? You are probably here today as you convinced yourself that waiting another day to buy cryptocurrency is no longer an option. You now may know that cryptocurrency is the right investment for you, and may even have yourself signed up on exchanges ready to buy. In today’s topic, I will not be telling you what to buy, but instead explaining what an efficient portfolio looks like.

There are many ways on designing your portfolio, but this is what I believe to be the most effective way in a few simple steps.

  • Step 1: Decide how many coins you should be diversified in. I believe that the prime number is 7 or 8. This is not a must, but just a guide to go by. Even the wisest and richest man, Solomon, was a huge advocate for diversifying. (Give a portion to seven, and also to eight; for thou knowest not what evil shall be upon the earth-Ecclesiastes 11:2) One may have heard the phrase, “Don’t put all your eggs in one basket.”

  • Step 2: Now that you know the number of coins you want, you should be diversified in both low, medium, and high risk coins. For example, the coins with highest market cap are your low risk coins. The reason for this, is that a lot more money has been poured into that coin, and will take a lot longer time for the price to decrease. #1-10 market cap coins are often considered to be on the safe side and is highly recommended. You should have approximately 2-3 low risk coins such as Bitcoin and Etherium to weigh out your portfolio. Often times, when major alt coin prices decrease, the price of Bitcoin and Etherium rise. I also encourage 2-3 medium risk coins (#10-30 market cap). Lastly, I even urge you to consider high risk coins such as #50+ market cap coins. If the market cap is low, it leaves incredible potential for the price to rise. In fact, if you truly believe in a project, go for that coin that is #500 in market cap! You may even want to consider in an ICO stage of the coin (Initial Coin Offering). In other words, you are scooping up a coin for discounted prices, in hope that it goes big when it becomes available to the public.

  • Step 3: Now here is the best but trickiest part: choosing the right coins!  Here is a brief list in going about this. 1) What is your reason for investing in this cryptocurrency-do you see it being utilized and adapted in the future? For example: I chose Medibloc because being a Registered Nurse, I see a huge potential in adapting blockchain technology into healthcare including private patient information. 2) Is it different and unique compared to other coins? If it is a replicate of bitcoin, it most likely will not have substantial growth or utilization. 3) Who is the team behind it? A good working team can make a platform go a long way.

 

  • Lastly here are some keywords you should learn in understanding how the prices of cryptocurrency evolve. According to Investopedia.com,

 What is Market Capitalization

“Market capitalization refers to the total dollar market value of a company’s outstanding shares. Commonly referred to as “market cap,” it is calculated by multiplying a company’s shares outstanding by the current market price of one share. The investment community uses this figure to determine a company’s size, as opposed to using sales or total asset figures.”

 What is Circulating Supply

Circulating supply of a coin may often be thought of as the coin available to be purchased at a given time.

Price of a coin= MarketCap/ Circulating Supply

Ex: Bitcoin: ($16,734.30)

Market cap ($280,872,256,418)

_____________________________________

Circulating Supply (16,784,225)

=$16,734.30

 

Here are some tools for keeping track of your portfolio:

  • Blockfolio: Free App available in both Google Play Store and the App Store.
  • Delta: Free App available in both Google Play Store and the App Store.

 

Stay tuned for more reviews,updates, and latest news on cryptocurrency.

 

Join us in our active community discussion group for any questions, tips, or other interests in blockchain technology: https://www.facebook.com/groups/thecryptoadvisor.net/

Disclaimer: Crypto currencies are a high risk, speculative market and subject extreme volatility, never invest more than you are willing to lose. None of the information found on this website should be taken as investment advice or council. We are not liable for any financial losses. Some links found on the website may be affiliate or referral links. Images obtained by google.com (images)

Cryptocurrency: Should I Invest?

What exactly is this cryptocurrency, AKA-Bitcoin, everyone has been talking about? Can I get rich too? These are all great questions, as many have found themselves a whole new level of wealth, and often times even empty handed. You may be here as your uncle or friend just made thousands of dollars on their recent crypto purchase. In fact, you may even be in need of a quick buck, and in hope that this cryptocurrency will make you the new overnight millionaire. In today’s topic, I will be summarizing on why you should or should not invest in this blazing topic: cryptocurrency. Before I begin talking about the many reasons on why you should invest in cryptocurrency, I feel that I first need to explain the important reasons in when you shouldn’t.

 

1.) You should NOT invest if you do not understand what cryptocurrency is. Most likely you are here today as every other conversation is about the new all time highs for Bitcoin, Etherium, and Litecoin. You should NOT be investing into any cryptocurrency until you understand what blockchain technology is, what it does, and why would it be utilized in the future. Don’t just take the word from someone else, but do your own research before you invest! This cryptocurrency utilizing block chain technology is not just a “bubble”, but an unforgettable new technology that will spark the way of the modern world.

2.) You should NOT invest if you do not have financial freedom. The best advice I can give to anyone in the financial world is: DO NOT GO INTO DEBT. In fact this simple concept is often very distorted as our daily life is constantly advertising that credit is the form of free living. Unfortunately, in today’s society, it is very hard to get ahead leading to our last resort called the credit card. Therefore, I advise you to not consider any investment until your debt is fully paid off as you are not fully free, but a servant to your lender (Prov 22:7b). YOU SHOULD NEVER INVEST WHAT YOU ARE NOT WILLING TO LOSE. There are many strategies of going about investing into your cryptocurrency portfolio; as we will discuss this in future days.

 

 

3.) You should NOT invest if you are here to get rich quick. If so, you are already heading down a dangerous path. Props to the overnight millionaires, but there is a high chance this will not happen to you. If you are in need of money fast, you probably shouldn’t be putting your last resorts into the crypto market.

 

After summarizing the brief reasons on why you should not invest in crypto, here are some reasons on why you should!

 

1.) You SHOULD invest because cryptocurrency and blockchain technology is still in it’s baby years! One may ask, did I miss the train? The answer is NO! Cryptocurrency is often thought of as a bubble, but you need to realize that these currencies are not necessarily just fighting to become the new adapted currency; but will and have been utilizing this new form of blockchain technology into the modern world and all aspects of our daily life! Just consider that you may be investing into the new google, facebook, and amazon of today!

2.) You SHOULD invest because, when was the last time you saw a 1000% increase on your investment in 3 days? Cryptocurrency is a more risky investment; but this allows the returns to be quite remarkable. There are many strategies in how to design your portfolio, as many of these investments are very risky, but many are also on the safe side.

3.) You SHOULD invest into cryptocurrency and blockchain technology because it is designed for a world of decentralization!  Decentralization is often thought as the shift of authority from central to a local government. In other words, decentralization is the transfer of departments of a big company away from a single administrative center to another. With cryptocurrency, you can now become your own independent bank!

Saying all this, welcome to the new age of digital currency. Always invest at your own risk. Now that you decided whether investing cryptocurrency is for you, here is our recommended list of exchanges for you to begin: http://thecryptoadvisor.net/2018/01/06/top-cryptocurrency-exchanges-of-2018/

Join us in our active community discussion group for any questions, tips, or other interests in blockchain technology: https://www.facebook.com/groups/thecryptoadvisor.net/

 

Disclaimer: Crypto currencies are a high risk, speculative market and subject extreme volatility, never invest more than you are willing to lose. None of the information found on this website should be taken as investment advice or council. We are not liable for any financial losses. Some links found on the website may be affiliate or referral links. Images obtained by google.com (images)