Finding the Best Crypto Wallet
There is usually some trade-off between convenience and security. For example, some wallets will only work in conjunction with some kind of hardware. However, other wallets can quickly be used on any computer or mobile device.
But all good wallets should be able to do the essential job of looking after the private keys of your cryptocurrencies. Here are the main kinds of crypto wallet that we’ll be reviewing.
Hard wallets – These feature a physical piece of kit that you use to input your PIN number to access your cryptos. This will normally be connected to your computer by a USB cable. As such, there will be no way that a hacker will be able to access your private keys.
Software wallets – Some wallets are simply software that you download to your computer or mobile device. These offer a good amount of security and they are convenient to use too.
Web wallets – These offer the greatest amount of convenience as you can simply manage your cryptocurrencies from your web browser. However, the lack of security makes web wallets susceptible to hacking attempts.
We Understand All Aspects of Cryptocurrencies – Get to know crypto USA
The internet is unfortunately full of misleading information about cryptocurrencies. As such, it can be hard to find out even the most basic information about cryptos. This is why we have worked hard to give you the facts about this exciting new phenomenon. So take a look below to learn more about the basics of using cryptocurrencies.
What is a cryptocurrency?
A cryptocurrency, or a crypto, is simply a digital asset that represents a currency. This can be used as a medium of exchange. As a result, you can use a crypto currency to buy goods or services, or receive cryptocurrencies as payment. You can even trade some cryptocurrencies with other cryptocurrencies.
Are cryptocurrencies safe?
Yes, because cryptocurrencies use a strong kind of cryptography that is used to secure each financial transaction. The cryptography also controls whether any additional units of the crypto will be created.
Is cryptocurrency legal in USA?
Yes, the use of cryptocurrencies is legal in the USA. Bear in mind that all crypto trading sites, sportsbooks and casinos will have to have all of the necessary licensing and regulation to operate.
What is a blockchain?
This is a kind of public database that acts as a record of each financial transaction of a cryptocurrency. This offers a decentralized system of control as opposed to traditional payment methods that are organized by governments, banks and financial institutions.
Different Types of Crypto Platform USA Has at the Moment
By picking up a crypto USA residents can look forward to using it in many different ways. Not only can you use the likes of Bitcoin to buy goods anywhere from Starbucks to Home Depot, but you can use cryptocurrencies to earn more cryptos. Here are some of the most popular ways to do so.
Crypto Trading – Trade crypto USA-style
Here you get to trade on the price movements of hundreds of different cryptocurrencies. These include the likes of Bitcoin, Ether, XRP, Bitcoin Cash and much more. The trading site may also let you trade cryptos against currencies like USD, or even commodities such as gold. Remember that some crypto trading sites won’t let you buy the actual cryptocurrency itself, but instead you’ll be speculating on whether its price rises or falls. Here are the main things that you may be able to buy and sell at all good crypto trading sites.
- Cryptocurrencies: BTC, ETH, LTC, XRP, BCH and more
- Forex: USD, EUR, GBP, CAD, AUD etc…
- Stocks: Such as Facebook, Amazon, Apple, Alphabet
- Other: ETFs, CFDs, indices, futures, commodities
Crypto Mining – Earn your crypto USA
You don’t have to be an expert in cryptocurrencies to benefit from crypto mining. Instead, you’ll get your computer to do all of the hard work for you. By crunching though some complicated calculations, your computer will verify transactions to add them to a blockchain. In turn you’ll earn cryptocurrencies for your computer’s hard work. Bear in mind that it might take plenty of processing power to make crypto mining profitable. But it can be more reliable than spinning the slot reels at a crypto casino.
Crypto Gambling – The top crypto platform USA has for betting and gaming
This is probably the most fun way to use your cryptocurrencies. You’ll be able to make a deposit with a crypto at a gambling site that will go on to fund your bets. This means that you’ll effectively be betting with cryptos on major sports like football, basketball, hockey and baseball. Plus your cryptocurrencies could be used as stakes for legendary casino games like slots, roulette, blackjack and poker. All of this is great news as these crypto gambling sites will also be much quicker at paying you back your winnings. Here are the kinds of things that you can bet on at the best crypto platform USA has for gambling.
- Sports betting: NFL, NBA, NHL, MLB, MLS
- Casino games: Slots, roulette, blackjack, poker, craps
- Other games: Virtual sports, live dealer games
We Bring Transparency Into the Crypto World – Trust our crypto reviews
You’ll probably know that there’s a lot of hype about cryptocurrencies. This isn’t too surprising as cryptos are hugely exciting and they have been with us for little over a decade. Unfortunately this means that cryptos are particularly prone to scams. So we’ve made it our mission to give you a safest and honest way to benefit from the cryptocurrency revolution.
This is something that can be seen in our crypto reviews. All of these offer you an honest and accurate picture of what it’s really like to use anything from a crypto broker to a Bitcoin casino. Just so you know, we are completely independent from each crypto platform that we review. The only way that a crypto site is going to get a good review from us is if it puts on a decent service. Everything you need to know what you’re getting from every crypto platform USA has at the moment.
Tips & Tricks For Beginners – The best ways to use crypto USA
The world of cryptocurrencies is almost like a universe within itself. After all, there is so much jargon to learn. Despite this, we think that everybody can enjoy using cryptocurrencies. Here are some handy hints to get you started.
Learn how each major crypto works
There are hundreds of cryptocurrencies out there. From DogeCoin to Monero, Dash to Cardano, there’s plenty to consider. However, you don’t necessarily have to know the inner workings of each cryptocurrency. Instead focus on those major cryptocurrencies like Bitcoin, Ether, XRP, Litecoin and Bitcoin Cash. Doing so would mean that you’d know the pros and cons of each crypto and understand how well it will do on the trading floors. Plus you’ll see how likely it is to be able to deposit with one of these cryptocurrencies at your preferred crypto casino or sportsbook.
Realise how volatile cryptocurrencies are
Many people get into cryptocurrency trading as a result of how volatile these cryptos are. After all, the price of something like Bitcoin has been shown to reach some soaring highs in a very short amount of time. But it’s important to note that the value of cryptos can plummet equally quickly. This means that the value of your cryptocurrencies could effectively be halved overnight. As a result, that crypto casino gaming session that you were planning may have to wait. But as long as you realise how volatile cryptos are, you’ll know to never rely on them too much. After all, most people will put a long term investment in gold due to the stability of the commodity’s price.
Get to grips with blockchain
It’s also a good idea to have at least a basic understanding of how blockchain technology works. After all, this is a central part of cryptocurrency technology. You won’t need to be a computer scientist and won’t have to be able to explain what a segregated witness soft fork is. As long as you understand how cryptocurrencies work, you’ll know which cryptos to trade in, and which to leave alone.
Understand that not every crypto succeeds
It’s important to note that not every cryptocurrency will last as long as Bitcoin. Even Bitcoin itself saw its price effectively halved just a handful of years ago. Plus the Ethereum network was almost brought to its knees due to a hacking attempt. As such, it’s a good idea to not place all of your faith in one particular cryptocurrency. Plus it’s worth noting that many companies associated with cryptos are start-ups, and as such they might be here today and gone tomorrow. All of which means that you should be careful about investing too much of your time and money into the fickle world of cryptocurrencies.
Stay in it for the long term
You’ll know that the price of a cryptocurrency can rise and fall dramatically in a single 24-hour period. As such, it can be hard to know when the right time is to buy or sell your crypto stake. The key thing to remember is that the majority of cryptos have shown sustained gains over the long-term. The value of Bitcoin is now unrecognizable as to when it came into existence just over a decade ago. Plus even something like Bitcoin Cash has shown a decent rise in its market cap value in just a handful of years. So don’t fall into the trap of trying to get a big gain out of a short-term investment.
How to Find a Good Broker to Buy Crypto? – Read our crypto reviews
All crypto brokers will say that they give you a legal, safe and easy way to trade on the value of cryptocurrencies. However, it’s worth noting that the quality of service you get can vary wildly between different crypto brokers. Our crypto broker reviews will always give you an honest and accurate picture of what it’s really like to use these brand’s services. Here are just some of the things that we look for in any cryptocurrency broker.
Trading options
You should be able to trade on all major cryptos like Bitcoin, Ether, XRP and so on. Most decent brokers will feature over 100 cryptocurrencies, coins and tokens. Other trading options should include currencies, stocks and commodities. All of which should help you build up a nicely diversified investment portfolio. After all, you don’t want to be relying on the volatility of cryptos too much.
Security
All crypto brokers, trading sites and exchanges will be subject to the same laws as those dealing in fiat currencies. This means that they will have to be registered as a Money Services Business. Each company should also be able to prove that it offers a safe and fair service. Plus we will check that every crypto broker featured here as a completely encrypted website. This would mean that your data and funds wouldn’t fall foul of any hacking attempts.
Location
We would only recommend using those crypto brokers that are registered as businesses in the USA. This is because they would be duty-bound to operate by the Money Services Business regulation. As such, you would be given a trading service that was covered by all of the relevant US laws. A crypto broker’s website will usually give you the exact physical location of its offices.
Fees
All crypto brokers will include fees on things like the transactions you make. This is how these brokers stay in business. Such fees shouldn’t be too excessive and they should all be clearly outlined in the terms and conditions of the broker’s service. Some brokers will even put on special offers. These will sometimes allow you to bypass such commission fees.
Payment methods
Finally, you should always be able to fund your trading in US dollars at all good crypto broker sites. You might have to make a deposit either from your card or make a bank transfer to get started. But it should always be handled in a secure and transparent manner. Remember that if anything about a broker’s website looks suspect, then it’s best to leave it alone. After all, there are plenty of decent crypto brokers out there.
