What is a Crypto currency wallet by CoinTracker? Backup your wallet. Store only small amounts of currency for everyday use online, on your computer or mobile, keeping the vast majority of your funds in a high-security environment. Cold or offline storage options for backup like Ledger Nano or paper or USB will protect you against computer failures and allow you to recover your wallet should it be lost or stolen. It will not, however, protect you against eager hackers. The reality is, if you choose to use an online wallet there are inherent risks that can’t always be protected against.
A lot of Altcoins end up losing value over a certain period of time, sometimes in an unusually short period of time. It is, therefore, paramount to understand that whenever you hold an altcoin for the long term, be careful not to hold on to them for too long. One of the best measures of coins that are perfect for long-term investments is the daily trading volumes. The higher the daily trading volume, the more suitable an asset is for long-term investments. If you’re thinking of going long term with cryptocurrencies, consider investing in some of the following coins: Ethereum (ETH), Factor (FCT), Monero (XRM), and Dash. These have decent trading volumes on various exchanges around the world.
Technically speaking, cryptocurrencies are transactions or entries targeted in a restricted database. Specific conditions must be met to modify these transactions. Created with cryptography, transactions are protected with mathematics, not with people. Transactions are published in a database, but it is a special type of database that is shared is a peer-to-peer network.
CoinTracker is a simple an elegant mobile app to manage your cryptocurrency portfolio. We offer a free version, which is capable of tracking your Bitcoin and altcoin portfolio with most popular cryptocurrencies. And the free-version is an excellent starting app for novel cryptocurrency investors to learn about tracking their cryptocurrencies. Users could see real-time cryptocurrency prices, set a primary fiat-currency, analyze coins with CoinBase like hourly, daily, weekly, monthly, yearly, and all time graphs, add & manage cryptocurrency investments, stay updated with latest cryptocurrency news, protect the portfolio with a passcode and TouchID (in iOS). See more info at crypto tracker.
Consider laddering your buys and sells. In others words, instead of buying or selling everything in one chunk, set incremental buy and sell orders to buy when the price goes down and sell when the price goes up. Laddering and averaging will help you to avoid mistiming the complex and volatile cryptocurrency market. Learn about dollar cost averaging and laddering. Learn about position sizing and risk management. To the above point, one generally takes a much larger risk with bigger bets. Learn how to make the right size buys and sells to avoid losing too much on a bad play. See: The Basics of Risk Management and Position Sizing in Cryptocurrency.
So the best way of being private is selecting an app that really does not collect any of the above information. We at CoinTracker: Crypto Portfolio really does that when you track your cryptocurrency portfolio with our mobile apps. We’re also doing research on making the cryptocurrency transactions more secure and easier with our apps. Stay tuned with our blog for more future updates.
Exchanges provide you with information on how many (or how much of a) Bitcoin you can buy for specific sums of money. However, due to its volatile nature, Bitcoin prices can vary dramatically by exchange and from moment to moment. That means that even if you have a lot of money to burn, you’ll probably be buying a fraction of a Bitcoin. There’s nothing wrong with that and for most people is the route they’ll go down as few but the wealthy can afford more than that.
Coin Tracker supports all major cryptocurrencies including Bitcoin, Ethereum, Litecoin, ZCash, DASH, Ripple, Monero, and many more. You can view CoinBase like beautiful charts with CoinTracker app for all major cryptocurrencies. You would have simple user interface to add and start tracking your bitcoins and altcoins. Was looking for a different app to couple with Blockfolio because some of the cryptos listed aren’t the best for quick analysis and am happy with this. See more info at https://cointracker.cash/.