Unfortunately, there are some types of scams...
Like fake ICOs: Initial coin offerings (ICOs) are a way for new cryptocurrencies to raise funds from investors. Scammers create fake ICOs and use social media and online ads to promote them, some promise unrealistic returns, use fake celebrity...
Yes, MetaMask is generally considered to be a safe and secure self-custodial wallet for accessing blockchain applications and web3, with encryption and security protocols to protect user data.
They have some key differences. If you prioritize ease of use and accessibility, MetaMask may be the better choice for you. If you prioritize security and are comfortable with a more technical setup, Ledger may be the better choice.
>>>Also MetaMask is free to use, while Ledger wallets come with...
Just like any account it's important to enable two-factor authentication (2FA), use a strong password and in MetaMask always keep update their software
Binance is a global, however there are some countries where Binance is restricted or prohibited, either due to regulatory reasons or other factors.
Some examples of countries include the United States, China, Japan, Iran and North Korea.
A cold wallet, stores your private keys offline, making it more difficult for hackers to access them.
A hot wallet is connected to the internet, making it more vulnerable to attacks.
So, definetly a cold wallet, such as a Ledger hardware wallet!!
If you lose your Ledger wallet, your funds will be lost permanently unless you have a backup of your recovery phrase.
> Always keep your recovery phrase secure and accessible only to you. <
There's a few platforms...
Binance: Is one of the largest and most popular! (https://www.binance.com/)
Coinbase: Is popular for being user-friendly, allows you to buy, sell, and store cryptocurrencies. (https://www.coinbase.com/)
And Huobi: is a global cryptocurrency exchange with a strong...
Hard to say when there are so many and they can change everyday, I found this article naming a few: https://tradingplatforms.com/cryptocurrency/erc-20-tokens/
Always do your research or consult with a financial advisor before investing in cryptocurrencies.
ERC-20 and BEP-20 are standards for creating tokens on different blockchain networks.
ERC-20 is for creating tokens on the Ethereum network and BEP-20 is for creating tokens on the Binance Smart Chain network.
Both can have different use cases and values, depending on the project and the...
If Bitcoin is considered as currency, it may fall under the purview of central banks and be subject to monetary policy regulations. The legal status of Bitcoin and other cryptocurrencies as virtual property or currency may have implications for their adoption, use and value in the future and may...
Fed's decision to change interest rates is influenced by various factors, not just the CPI and is ultimately based on their assessment of the overall state of the economy.
I believe that cryptocurrency has the potential to revolutionize many aspects of the world beyond finance, such as voting systems, supply chain management...
Comparing the cryptocurrency market to the stock market is difficult, as they are fundamentally different asset classes. Cryptocurrencies are highly volatile and unregulated, while stocks are more established and subject to greater oversight. Both carry risks and potential rewards, investors...
Of course, Reddit it's a common one to know more about, r/CryptoCurrency and r/CryptoMarkets! There's CryptoCompare https://www.cryptocompare.com/ and CoinDesk https://www.coindesk.com/
There are potential risks and downsides that should be considered, one potential negative side of Metaverse and other virtual worlds is the potential for fraud and scams, because these virtual worlds are decentralized and largely unregulated. Another potential downside is the potential for...
No, it's not necessary to be able to analyze charts, I think the key to successful crypto investing is to have a solid understanding of the underlying technology, stay informed about market trends and developments and make informed decisions based on a variety of factors.