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cryptoicoworld-blog · 6 years ago

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Cryptocurrency Investing: The Dangers

Investing in cryptocurrency is probably a great idea. Well, it’s just that the returns are so remarkable! But I’m telling you, there are risks you must consider first before you decide to involve yourself in the world of digital currency. Although the value of cryptocurrency is undoubtedly huge, the risks of losing all your money are there – if you don’t know what you are doing.

In addition, you might have heard about the story of early cryptocurrency investors collecting tons and tons of profits, right? Yes, these early investors have become successful, but it took them years to earn huge rewards!

The hype with virtual money is in the air, but don’t rush it! Before you invest in cryptocurrency, make sure to understand the risks involved in investing in digital currency. So, to help you figure out the dangers in crypto investing, here we’ll give you the risks and how you can avoid it.

Volatility

Believe it or not, the price volatility of digital money is wild! You’ll never know when the value of crypto would rise and go down – that’s how wild it is. Since crypto has an unpredictable volatility, timing is the key to use it right and successfully.

Hackers

Yes, hackers can access your cryptocurrency and as well as your digital wallets if you are not secure enough. No matter how secure your digital money is, hackers will always find a way to access it. To avoid anyone from accessing your account, be extra careful when doing transactions online.

A potential loss of money

Computer crash, theft, scam, and losing your key are some of the ways to lose your valuable cryptocurrency. You can also lose your digital money if you’re not careful or you don’t really know what you are doing!

So, above you can see the risks of cryptocurrency. While digital money enables you to gain massive profits from time to time, it’s important to know the risks involved in investing in crypto. By understanding the dangers with crypto investing, you’ll be able to prevent yourself from losing your hard-earned crypto coins!

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cryptoicoworld-blog · 6 years ago

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3 Helpful Tips to Follow Before You Participate in an ICO

ICOs or Initial Coin Offerings are rapidly growing from time to time. But why? Joining in an ICO enables investors to raise their capital quickly by distributing digital currency in exchange for funds. And to tell you: the better the project investors create, the more they attract people in the community to join in and invest in the project. Easy money, right?

Sure, ICO is one of the best ways to raise capital, but there is the risk of losing all your investment if you don’t know what things to look for when joining one. So, before you decide to participate in an Initial Coin Offering, you might want to watch out for these things first:

Development team

No matter how good the project is, if an ICO is created and backed by an anonymous team, do your best to avoid yourself from participating. Before you involve yourself in an ICO, the first thing you must do is to check the entire team that’s covering the project. Feel free to search their name on the internet and see if they have any experience in the world of cryptocurrency. Also, check their past and latest projects. This will allow you to minimize the risk of joining in a wrong ICO.

Check the website

Information such as the whitepaper, proof of concept, products, and the name of the investors should be available on the website of the project. Make sure to look at every detail as much as possible!

Analyze the whitepaper

Don’t ever participate in an ICO that has no whitepaper – this is certainly a big mistake! The whitepaper includes the entire plans and information of a project, and if an ICO has no whitepaper to provide, then better move on and find a new one. But if there’s a whitepaper, make sure to read everything – from the risks to problems to solutions.

Before you decide to enter in an Initial Coin Offering, always ensure to collect as much as information as possible. You don’t want to involve yourself in an ICO that will only lead to failure, right? So, to avoid that, let the above tips guide you when you decide to participate in an Initial Coin Offering.

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cryptoicoworld-blog · 6 years ago

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Cryptocurrency Wallets: Are They Secure?

The value of cryptocurrency can rise as high as a luxury house, and this is why it’s important to store in a safe place all the time. So, where and how can you secure your valuable digital money? One way to do is that is by using cryptocurrency wallets. These crypto wallets are only accessible online, and just like an ordinary wallet, it stores and as well as keeps your virtual money protected.

But since the process is done online, the risks of hacking attacks and your digital money getting stolen are there. This is why you should always take safety precautions and keep an eye of your crypto wallet as much as possible. And remember: don’t ever lose your private keys – losing your keys simply means you also lose your valuable digital currency.

Also, make sure not to send money to a wrong person – there’s no other way you can reverse the transaction and recover your digital money! So, to keep your virtual money safe, we have provided some safety precautions that you can follow. Let’s get into it below!

Backup your crypto wallet

If possible, try not to put huge amounts of virtual money on your wallet. Just store an only small value of the digital currency and keep the majority of your cryptocurrency in a highly secured environment.

Offline storage or cold storage like a USB is an excellent storage choice to back up your precious cryptocurrency. And since cold storage is only accessible online, it will decrease and even eliminate the risk of potential scammers and computer failures, which will allow you to protect your wallet.

Add more security

Having more layers of security enables you to protect your virtual money much better. When setting up a password for your crypto wallet, make it long and provide special characters to make it unique. To add more security layers, try to find wallets that provide additional security layers like a pin code or two-factor authentication – these things will allow you to receive an alert or notification for each time you open your wallet.

While cryptocurrency wallets are indeed safe, following the tips above will ensure to keep your virtual money safer. And as the value of digital money is growing more and more over time, expect more potential scammers to come – they will do their best to steal your crypto – do your best to protect them!

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cryptoicoworld-blog · 6 years ago

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Digital Cash Converter

Cryptocurrency or Digital Currency is the hottest trend nowadays. Cryptocurrency is getting popular because of its unique features. If you haven’t heard, Cryptocurrency has the advantages of having safe, fast, and anonymous transactions. In addition, these new currency is decentralized, which means that there are no third-party is involved or controlling the money. And more importantly, many investors became successful because of it. So, if you’re thinking about moving into virtual money then, it’s easier and convenient with Coinexis.

What is Coinexis?

Coinexis is a marketing and trading site template or in other words, cryptocurrency converter. It allows everybody to exchange their traditional coins or money into cryptocurrency or simply digital currency. In their first year, they will spread 1000 Coinexis kiosk across 10 countries. Its goal is to help people move into a cashless lifestyle. They also have their own app or cryptocurrency exchange software for COX coin holders to view their current amount or balance. This app also allows the user to purchase more COX coins using online payments. It can also be used for buying vouchers using COX coins. Coinexis’ main goal is to move away from cash to digital payments wherein the near future, traditional or fiat money will no longer held value. This is to give a solution to the huge cost of re-minting coins that fall out of circulation of every country. What makes Coinexis different from other cryptocurrency exchange is that Coinexis can turn your spare coins into cryptocurrency which can be used for any purpose.

How does it work?

Here is how it works.

1. Customers will put or insert their coins into the Coinexis Kiosk.

2. The customer will purchase COX coins using the cash balance.

3. COX coins purchased will be stored in the personal wallet in the Coinexis app.

4. Use COX coins to buy vouchers using the Coinexis application.

5. Re-sell COX coin to the next customer.

6. Use the voucher to purchase goods and items.

Generally, Coinexis is designed specifically for currency exchange, cryptocurrency, business, investment, cryptocurrency mining, digital payment, and many more.

Digital payment using digital currency

We are now in a new era where almost everything is being run or powered by technology. In fact, we are now using high technology in terms of medicine as well as communication. Now, we are using smartphones and computers to communicate with other people from different parts of the world easier and faster. We the quick changes and upgrade of technology, these gadgets become a powerful tool which makes our lives convenient. In fact, these gadgets can be used for storing digital currency and cryptocurrency mining. This cryptocurrency is the newest trend nowadays. It is a digital currency that operates independently. But before you have your own digital currency, the digital wallet is needed. One of the most popular digital wallet service commonly used in China is WeChat Pay. It is an app developed by Tencent for messaging, social media, and mobile payment which allows the user to do mobile payments and sending money to preferred contact. Mobile payment is really useful, and as a matter of fact, you can even use it for paying food, taxi, and many more. Mobile payment is indeed a hassle-free method of paying, all you need is a digital currency, digital wallet, and a phone.

Crypto coins that are worth buying

They say the cryptocurrency is the new way to earn big. Many people even claimed success through it. And probably by this moment, you’ve wondered and asked yourself whether what is the best crypto coin to me? Well, before you invest here are some of the crypto coins that is totally worth investing for.

• Bitcoin - is most used and most popular digital currency. Aside from it, Bitcoin is known to have the highest price among other cryptocurrencies.

• Litecoin – this crypto coin is similar with Bitcoin. However, the only difference is the hashing algorithm.

• Ethereum – One of the most compelling reasons to buy Ethereum is that it is also used for app development.

• Monero – This growing currency is worth investing because of its growing community. More importantly, this cryptocurrency protects all your financial information to retain animosity.

Isn’t it better to move into digital cash? It provides fast, secured, and easy global transactions. Imagine shopping all the way you want with no fiat cash but virtual cash. Moreover, cryptocurrency protects your financial information unlike banks, credit cards, and the likes. We are living in the ancient times no more, so, move now into the newest hype, move to digital currency.

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cryptoicoworld-blog · 6 years ago

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Understanding ICO Initial Coin Offering

If you are aware of cryptocurrency then, there's a possibility that you've heard of the ICO acronym before. After all, it is one of the biggest trend related to cryptocurrency nowadays. But if you haven't heard about it before, then ICO stands for Initial Coin Offering. Let's discuss more about it below.

What is Initial Coin Offering?

ICO cryptocurrency is a crowdfunding system of digital money or cryptocurrency. ICO is somehow similar to Initial Public Offering or IPO. In other words, ICO is a crowdfunding of cryptocurrency over the internet to get fund for starting a business. So, how do ICO works? Well, ICO works simply by providing and issuing tokens to the investors that invested in their project. This tokens or crypto coins are then stored into the digital wallet. ICO usually runs for a few weeks to a month. However, some operate for a longer fundraising.

Legality of ICO

Even though ICO and IPO are somewhat similar, Initial Coin Offering do not offer any legal rights or protection. Many ICO projects are just experimental, therefore, an extra care is needed if you're planning to participate in one.

ICO White Papers

In Initial Coin Offering, there's usually a white paper that contains information about the ICO and the project to be funded. This white paper contains essential information such as names and contact details of the people involved in the project, and their plans. This is to let the investor conduct research regarding the ICO. However, some information here can be misleading.

ICO on social media

ICO Initial Coin Offering is usually promoted in social media platforms such as Facebook and messaging applications. However, some ICO are just a bunch of scams and fraud who only wants to extort money freely. That's why it is best to do some research before actually investing in one.

What are the risks of investing in an ICO?

ICO has been the alternative form of crowdfunding nowadays. In fact, it has helped tons of projects, businesses, and companies. However, investments in ICO are mostly unregulated and many appear to be scams. For example, if you invest in an ICO by an overseas entity which later on appeared to be a scam, there's a big possibility that you'll likely won't get back what you've invested. Moreover, some investors suddenly just disappear like a bubble after the fundraising. Aside from it, ICO tokens' value can change rapidly depending on the popularity. What's worst is that ICO tokens stored into your digital wallet can be stolen just like your physical wallet.

Differences of ICO and IPO

Unlike IPO, ICO do not grant ownership but only gives you right of a particular project. In addition, in ICO all decisions are decentralized while in IPO, decision making is centralized with the CEO along with the board every day.

Are there any successful ICO?

Definitely Yes, here are some of the successful and well-known ICO:

Ethereum (ETHER-ETH) - Ethereum has raised US$18.5M in capital.

ICONOMI (ICN) - this ICO raised US$9.1M in capital.

Maidsafe Coin (MAID) - this raised US$7M in a matter of 5 hours which makes it the most amount capital raised in the shortest period of time.

How to join Initial Coin Offering?

Before joining an ICO, you must first set up a cryptocurrency wallet. Then search the internet for a legit ICO. Each ICO Initial Coin Offering will like have different requirements. These requirements are usually the process of sending token in exchange of cryptocurrency as well as step-by-step guide into the investment process.

Hot ICO Today

You can invest into popular ICO nowadays like Humaniq, Aeternity, Internet of Coins, Cosmos, and more. You may also try investing to tradition investment companies that funds tons of companies in the cryptocurrency ecosystem like Coinbase, Blacstream, and Ethcore.

ICO Initial Coin Offering can be attracting. However, not all ICO worth your money, there are tons of ICO scam lurking over the internet these days. So, it's good to be wise when thinking of investing in an ICO. Research before investing or you'll lose the chance to earn your money back again.

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cryptoicoworld-blog · 6 years ago

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4 Amazing Advantages of Cryptocurrency

Cryptocurrencies are not a new creation. However, most people today still have no idea what it really is. If you don't know what is this cryptocurrency we're talking about, we're going to make it simple and short for you. Cryptocurrency is a money but in digital form. Similar to fiat currency, you can use virtual currencies to hire services or even purchase goods online.

So, that's what a cryptocurrency is. Quite simple, right? But what if we tell you that virtual currency has many to offer us? Yes, you read that right, and that's what we're going to show you today. Let's find out the incredible benefits of cryptocurrencies!

Transactions

With the help of virtual money, doing transactions is a breeze. Unlike before, where we need lots of paperwork or anything that makes the process of transaction slow, crypto money enables us to do transaction easier, better, and quicker. Plus, it'll make it safer for us to do business dealings since the sensitive information of every crypto user is hidden.

Transaction fees

Without a doubt, transaction fees can usually take lots of your hard-earned money. But that will never happen when you use the virtual money for transactions. In fact, most cryptocurrency transactions commonly don't have fees. Well, there are maybe some, but that won't take a huge amount of your digital currency.

Accessibility

Do you need to purchase something but don't have any physical money with you? That's nothing to worry about. With crypto money, all you have to do is to go online and access your digital wallet using a unique key. Once accessed, you should be able to buy almost anything you want online without having to withdraw from a bank.

Trade easier

Trading internationally may seem difficult, but not with the help of virtual money. There are different types of cryptocurrencies. And over time, more and more countries are now accepting digital money as a form of payment. As transactions in crypto are done online, you'll be able to trade easier with little to no complications.

Above you can see the power of cryptocurrency. And to tell you, it can do more than that! This only shows that digital money is something that will improve the way we live. In addition, virtual currency is still growing and improving today. This means that the crypto world has potential to grow bigger in the future.

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cryptoicoworld-blog · 6 years ago

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3 Benefits of an ICO

3 Benefits of ICO

Are you aware what an ICO or Initial Coin Offering is? Most cryptocurrency investors are aware of this, but for those who don't, an ICO is an excellent way to raise development or project funds.

Since you can't start a project without having enough amount of money, joining in an ICO is a great way to collect the funds you need to begin the development. Using a white paper which is where all the details and information of the project is placed, the creator of the project will distribute it to the community.

The distribution of the white paper will gain the interest of the community and potentially get them to invest and put their funds on the project. Now that we understand how important it is to join in an ICO, especially when you want to develop a project, let's now talk about the other benefits of Initial Coin Offering.

Price volatility

If you want to earn hundreds or even millions of cryptocurrency, joining an ICO is the way to go. However, not everyone who joins in an Initial Coin Offering ends up to be successful as the price volatility here is wild and extreme.

If you're lucky enough, you'll be able to raise countless of digital money in no time. Also, don't forget that the risk of potential loss is also included in an ICO, so make sure you completely understand the risks before you decide to get into one.

Quick and easy way to raise funds

The good news is anyone can initiate an Initial Coin Offering - that's a fact. Also, in comparison to traditional fundraising method, the transaction costs related to contribution and marketing are way lower in an ICO. Plus, no matter what tokens you decide to choose as a form of paying funds, these tokens can be generated through a wide range of platforms easily.

Effective online marketing

The tokens used to raise ICO funds can be marketed all over the internet. This enables project creator to target large audience as well as potential buyers through social media, forums, organization's website, and more.

Well, there are more benefits an Initial Coin Offering can provide to you and other virtual money investors, and above are just some of them! Although an ICO can definitely provide you massive profits, don't forget that joining one is a huge risk. Make sure that you understand everything clearly before you enter the world of ICO to reduce or eliminate future complications.

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cryptoicoworld-blog · 6 years ago

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How Does Cryptocurrency Make Living Much Easier?

Without a doubt, cryptocurrencies make our life much easier and better than before. In fact, it allows us to manage not only our life but also our wealth conveniently. But how? Yes, most people know that cryptocurrency like bitcoin is a form of money in a digital world.

Well, that's right. But how and where do we really use virtual money? Don't be confused! Here, we'll give the answer how digital money changes our life. Let's proceed below.

Money management

Imagine being able to have a complete control of your money. Sounds convenient, right? The good news is that's what virtual currency can offer to you. Unlike fiat currency, cryptocurrency is not managed by banks or other financial institutions.

This means that your digital money is all yours alone. You'll get to manage your wealth without any restrictions or boundaries from banks, government, or anything that handle the money for you.

Education

Today, multiple schools are now accepting and considering cryptocurrencies as a main form of payment. This makes enrolling a lot more convenient. Before, you'll have to wait in line with other students just to enroll in a particular educational institution - this can consume lots of time and patience!

But with crypto money, you don't have to do that anymore. You can simply just go online, access your digital wallet, and pay what you need to pay.

Tracking business records

Businesses are required to have records for their entire transactions all the time. This will help them track all information easily and quickly. Having a record allows business owners to track each transaction with full transparency, and this is what cryptocurrencies can offer to you and other entrepreneurs.

Travel

Did you know that you can use crypto for a wide range of transactions? Yes, that's right, and you can even use virtual money to purchase hotels, cruises, mobile rentals, and flights. Since more retailers are accepted by more retailers today, we'll be able to travel and at the same time do transactions with little to no effort.

Though investing in a world of cryptocurrency is definitely a huge risk, it undoubtedly affects the way we live our lives positively. While getting into the crypto world is hard at first, you won't regret it once done right and successfully!

So, if you have any questions regarding cryptocurrencies, better take a look at Coinexis - they may help you solve all your concerns as well help you get into the world of digital money with confidence and knowledge.

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cryptoicoworld-blog · 6 years ago

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Blockchain: It Can Change the World to a Better One

First of all, blockchain isn't all about cryptocurrency. In fact, it does more than that. Although the blockchain technology is commonly connected to cryptocurrency, it also helps improve commerce across industries such as agriculture, financial services, healthcare, legal services, and more. So, are you wondering how the use of blockchain technology transforms our world into a better one? If yes, then take a good read below!

Keeping records

The blockchain technology does not only keep records of any financial transactions you make but is also capable of securing it. Because of this technology, you'll be able to hide sensitive information that allows you to do transactions safely.

Tracking food supply or inventory

Tracking food inventory is important for every food supplier. With the help of blockchain, suppliers will have the power to track their goods, starting from the development, transfer, and distribution of their foods. The technology also increases and maintain the entire food safety process.

Interaction in the digital world

The world of the digital or world or most commonly known as the internet is huge. Furthermore, the internet lets us interact with anyone quickly and easily. This benefit people from consumers to advertisers.

However, browsing the internet without the blockchain technology is quite risky - you're at risk of fraud and transparency. Fortunately, using a blockchain technology to purchase or sell products allows everyone to make transactions safer and quicker.

Monitoring fitness

Blockchain gives people the control over their health data. With this technology, we'll get to understand more about our personal health data. This means knowing who can access your data, how you can share it or who shared it, and how it is used or can be used. This dramatically improves not only the security but also the privacy provided by the technology of blockchain.

Here you can clearly see how blockchain is slowly changing the world - it's not only existing to support and make cryptocurrency safe. Today, the use of the blockchain technology in our daily lives helps us discover and create unique ways to make the world a better place, what more in the future?

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cryptoicoworld-blog · 6 years ago

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4 Ways to Protect Your Cryptocurrency

Due to blockchain technology supporting and protecting the entire transactions of digital money, it is no doubt that cryptocurrency is safe and away from threats such as hacks and thefts.

However, no matter how well you take care and protect your precious cryptocurrencies, it will always be at risk. The risk of your virtual money getting stolen is there, not because of the failure of the blockchain technology, but because someone is directly trying to get the key from you without you knowing.

The good news is there are ways you can follow to keep your digital currency safe and secure. So, to help you lower or completely eliminate the risk of your cryptocurrency getting stolen, here we'll provide you with some useful tips that may help increase the security of your money in the digital world.

Go offline

Keeping your crypto in an online virtual wallet may sound very convenient, but you should understand that this method can attract potential hackers. When in doubt, try to secure your digital money offline, which is commonly called as cold storage. Since cold storage wallets don't need an internet connection to access, hackers won't be able to locate any of your digital information online.

Set an encryption

Although digital wallets are safe, you can also add encryptions to keep it much safer. But of course, always have the right key and don't lose it or else you won't be able to access your wallet. By using a password, you'll have the power to access your crypto wallets whenever you want. For the best result, make sure to set a strong password that uses a combination of letters, numbers, special characters, and capital letters.

Backup digital wallet

As soon as possible, try to backup your wallet. Having a backup enables you to recover what you have in your virtual wallet - this is useful in case your computer fails. Backup all your entire data in your wallet and store it somewhere safe like on a hard drive or a USB.

Through multi-signature

Multi-signature is the way to go when you want to achieve a high-security protection. However, it requires an approval of other people to process transactions. Although it helps reduce the risk of theft, this method may not be convenient as it involves multiple people to do transactions. But when it comes to security, this method is certainly one of the best out there.

For you to ensure that your cryptocurrency is protected, you want to store it in a place where potential hackers would have a hard time accessing it. And provided above are some ways that you can follow to boost the security of your digital money. So, if have any questions or concerns about crypto and its security, make sure to check out Coinexis as soon as possible.

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cryptoicoworld-blog · 7 years ago

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Is Cryptocurrency a Safe Investment?

Some say that cryptocurrency is the currency of the future. But first of all, do you have any idea what is it? Well, to simply put, a cryptocurrency is also a form of money - you can purchase or sell things using it. However, it isn't the same as regular fiat currencies, it is only accessible in the virtual world, or most commonly known as the internet.

Since digital money or cryptocurrency are accessible online, we'll be able to manage our digital money quicker, easier, and better. And unlike fiat currencies, which are stored and handled by banks and other financial institutions, the control of your virtual currency is yours alone.

Also, the value of digital money is soaring high today. In fact, some investors have already gained lots of profits because of crypto. Although we can't deny the fact that crypto provides superb profits, some people are still wondering if it's a safe investment or not. If you are one of those who wants to find out if investing in virtual money is safe, then better check out below.

Cryptography

The cryptocurrency uses cryptography which provides an excellent overall security for each transaction you make online. So, what is cryptography? It's a combination of codes, in fact, an almost uncrackable code that secures and protects all your information and transactions online.

And to tell you, cracking the cryptography will never be an easy one - that's just impossible. Since mathematics and science are applied in cryptography, it'll probably take you years of cracking, powerful and expensive computer devices, and extreme coding knowledge for you to break into it - that's how secure cryptocurrency is.

Risk of Cryptocurrency Security

Sadly, cryptocurrency can be stolen, not because someone cracked the code in the cryptography, but through phishing emails. Anyone can steal your cryptocurrency by infecting your computer with a virus, which is commonly through phishing emails that are sent out to those who own crypto wallets.

Thankfully, there are what we call "wallets' that don't only store cryptocurrencies but also secure them. Why is it secure? Wallets don't need any connection to access, so it's impossible for potential hackers to get into it.

Above only shows that investing in cryptocurrency is absolutely safe. Furthermore, no matter how secure it is, don't forget that there is a risk involved here. Plus, if you're looking for someone that can help and assist you in the world of crypto, then you might want to check out Coinexis for that - they have something that will absolutely help you.

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cryptoicoworld-blog · 7 years ago

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Initial Coin Offering or ICO: What Is It and How Does it Work?

So, you might have heard about cryptocurrency and blockchain, but what about ICO? An ICO or Initial Coin Offering is pretty much like IPO or Initial Public Offering, which both helps raise capital. In an ICO, investors are provided with a cryptocoin or typically known as a token or a coin in return for an investment.

So, what are these tokens we're talking about? They are the coins that are given during an ICO. Also, tokens considered as an equivalent to shares bought in an IPO and they are also called cryptocoins. So, now that you understand what an Initial Coin Offering is, let's now figure out how does it work, shall we?

Summary of an ICO process

The pre-announcement period is the marketing stage of an upcoming project through sites which is visited by digital currency or cryptocurrency investors. The creators of the future project prepare a white paper, which is the presentation that outlines the project details.

The white paper will then circulate, and once done, the company will tell if there's anyone interested in the project they proposed. The company will also address both concerns and risks by potential investors to reach and complete a final or finished version of the white paper.

The white paper's final version is called the offering. In this stage, the terms of the contract are set out for the investors' benefits, which is created and presented by the company joining into the ICO.

The offer covers the outline of the project details, required total capital amount and project timelines. Moreover, the offer will also specify which financial tool should be sold, which are typically tokens. These tokens will be assigned with a value, together with the investors' rights with the estimated period which the creator of the project or the company will start returning incomes to investors by way of dividends.

The start date of the ICO will start immediately once the offer has been verified or signed. This is where the marketing campaign moves into action. In the marketing stage, the company will be able to raise their capital.

The campaign period tends to commonly last up to a month, which targets smaller investors. After the marketing campaign period is done, the purchasing and selling of tokens starts, with the project creator providing an exchange for the investors to get tokens.

It's no doubt that an ICO enables investors to gain more potential earnings. However, keep in mind that this isn't an easy task. In fact, this is a risky process. So, before you decide to get into an ICO, ensure that you are ready to avoid any complications in the future.

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cryptoicoworld-blog · 7 years ago

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The Amazing Benefits of Blockchain

Yes, it's, in fact, true that cryptocurrency provides outstanding profits for some investors. But what's more amazing is the blockchain technology behind it, which assists all the entire process.

Also, the growing popularity of both cryptocurrency and blockchain is no doubt offering more opportunities to the world of business. Furthermore, thanks to the blockchain technology, we'll be able to make cryptocurrency transactions much easier and safer.

So, if you're wondering how important blockchain in the world of cryptocurrency is, then take a good read below!

Precise accounting

Blockchain has this unique method of collecting and validating transactions, which eliminates any human error. This keeps all your data safe and away from potential tampering. This makes it an excellent resource for accounting.

Managing supply chain

Since the blockchain technology provides the benefits of being both traceable and cost-effective, it's a must-have for every Supply chain industry. It enables you to precisely track the entire movement of goods, starting from the manufacturing and end process. This simplifies the process of transferring of ownership, payments, and product assurance.

Ensures quality

Tracking any irregularities in a system will be a lot easier and quicker with the help of the blockchain technology. As it can help you quickly track anything all the way back to the origin or source, you'll have the power to carry out investigations and as well deliver the necessary actions quicker.

Smart contracts

Through blockchain, smart contracts can sign, confirm, and execute agreements automatically. Since blockchain is not also open, but also accurate, it's no doubt that it should be used to manage instant contracts production.

Without a doubt, blockchain technology can make and develop a business - that's for sure! And above we can see that this type of technology is not only useful in processing cryptocurrency, but also provides multiple benefits for business.

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cryptoicoworld-blog · 7 years ago

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Cryptocurrency: Why Should You Use It?

It's no doubt that we are now living in the future. Technology and our environment are quickly evolving, and so are our currencies. Furthermore, when talking about future currency, we're talking about the one and only cryptocurrencies.

So, wondering what is it? Well, it's still a form of money, but in a virtual world called the internet. Sounds crazy, right? But that is the future right there! And today, we'll show you why should you use cryptocurrency as soon as possible. Let's talk about that below.

Very accessible

Unlike banks, which only some people have an access, cryptocurrency is available for everyone who has an internet connection at their place. Yes, all you need is an internet to use a virtual money! The good news is crypto does not need any money exchange systems or bank to make purchases or transfers virtually. An internet access is only the thing you need to make it work.

Ownership

You'll have the power to access your virtual money anytime or anywhere you want using your own digital key. This makes it easier for you to manage your currency quicker and better than having to withdraw your money from banks. Since no one is handling your money but you, your crypto can only be managed by you alone.

Minimal transaction fees

Transferring cryptocurrency typically offers little to no transaction fees, allowing you to do transactions without having to spend too much for the fees.

Secured identity

In comparison to using debit or credit cards, cryptocurrency is a much safer alternative. Since using cards to pay requires providing sensitive information, this information is at risk of getting compromised or stolen. Fortunately, crypto can be transferred directly to another party without giving too much information other than the entire amount you wish to send or receive.

So, that's the advantages of using cryptocurrencies. Crypto will make it easier for you to control your money. Moreover, based on the information given above, it's no doubt that crypto is a lot safer compared to fiat currency - that's for sure. And what's great about it is that you have full control over your digital money - you can access it anytime you wish to! In terms of convenience, cryptocurrency certainly wins this one.

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cryptoicoworld-blog · 7 years ago

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What are Cryptocurrency Wallets?

You should understand that everytime you purchase or receive digital money or cryptocurrency, you are provided with a unique digital key that you can use to access and validate all your transactions.

Since cryptocurrencies are still a form of money, but in a virtual world, you'll need to keep your digital key in somewhere safe. Thankfully, cryptocurrency wallets are there to keep your public and private keys safe.

Also, did you know that there are different types of wallets? Yes, that's true, and that's we're going to tackle today. But first, let's find out what a cryptocurrency wallet is.

Cryptocurrency Wallet

If you're looking for a place to keep your digital keys safe, the answer to that is the cryptocurrency wallet. But what is it? It's a software program that stores or hides both of your public and private digital keys.

Also, cryptocurrency wallets also interact with blockchain that allows each cryptocurrency user to transfer virtual money and check their balance online. In fact, you are required to have a digital wallet if you wish to use cryptocurrency as your form of money.

Different Types of Crypto Wallets

There's not only one, but multiple types of cryptocurrency wallets available today. And if you're wondering what are these, then you might want to take a look below.

Desktop Wallets

These types of wallets provide maximum security as it is only accessible from a single laptop or computer in which the application is downloaded and installed. However, there's a risk of losing your funds if someone hacked or your computer gets a virus.

Online Wallets

You can freely access online wallets from any device and in any location since they run on the cloud. While online wallets are conveniently accessible, there's a higher risk of theft and hacking attacks since they are managed by a 3rd party.

Mobile Wallets

In comparison to desktop wallets, these type of wallets is typically a bit simpler since mobile phones don't have that much of a space. They run on an application installed on your mobile device, which is useful because you can use it anytime you want.

Hardware Wallets

Using nothing but a USB device, you'll be able to store not only your cryptocurrency but also your digital key through hardware wallets. Through this, you can store every information you have offline, and this provides better security. Plus, you only have to simply plug in your USB device to any computer with an internet access, and you'll get to do transactions immediately.

Paper Wallets

They are easy to use and as well deliver a remarkable security. Some websites provide services for paper wallets. What they do is they produce a piece of paper with 2 QR codes provided in it. Using these codes, you'll have the power to send and receive digital money online easily.

If you want to secure your virtual money, then you might want to choose the best type of wallet that would work perfectly for you. So, before you decide to enter the world of crypto, make sure to figure out which type of wallet would effectively keep your digital keys safe and away from dangers. Should you need any assistance, don't forget to check out Coinexis - they can provide you more information about crypto and wallets.

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cryptoicoworld-blog · 7 years ago

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3 Reasons to Invest in Cryptocurrency

Without a doubt, cryptocurrency can bring superb profits for investors, especially if done right. Also, the value of virtual money is soaring high in value today. However, investing in cryptocurrencies are, in fact, quite risky. And no, you don't invest in crypto just because you want to - that's the fastest way to lose all your hard-earned money.

Although investing in the money of the future or cryptocurrencies sounds fun, you should understand that it takes time and deep knowledge about crypto for you to manage it properly. So, here we're going to show you some reasons why you should invest in cryptocurrency.

Security

The system of digital currency is based upon cryptography, which delivers maximum security for all your transactions. In comparison to banks, which is protected by I.T departments, cryptocurrency provides more security and protection since it has this uncrackable code called cryptography that protects all your online information.

Also, with the support of the blockchain technology, it's impossible for a transaction to be reversed and forgeable once it's been verified on the blockchain. Plus, once a transaction has happened, every user across the network will know about it - this adds more security to each of your transaction.

Privacy

In the exciting world of cryptocurrency, you'll be able to purchase or receive transactions anonymously. This makes it a perfect form of money for people, particularly for everyday traders and investors.

It's simply impossible to track crypto address once it is given to a user. This effectively prevents governments or other outside parties from knowing what you're purchasing, how much you're receiving, or whom who you are buying.

Portable

Imagine carrying a large amount of money - that's just quite tricky and difficult - that's for sure. Thankfully, digital money solves this problem since you don't have to bring physical money.

All you need is an access to an internet connection, a computer or laptop, your digital key and you're good to go. With cryptocurrency, you'll have the power to access and control your money easier and quicker.

Well, above are only some of the reasons why to invest in crypto. And we're sure, pretty sure, that there are more it can offer to us. Now that you understand what you can get from investing in cryptocurrency, the real question is: are you ready to invest in digital currency? That's up to you!

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