Once your account is created, simply complete the usual verification process. This won’t take long.
Once your account is verified, simply purchase $100 or more worth of Bitcoin, Bitcoin Cash, Etherium or Litecoin (it doesn't matter which type of cryptocurrency you buy as long as it is at least $100 or more) and $10 will be added to your account automatically.(this process may take up to 4 days to complete)
Next, move your cryptocurrency into a hardware wallet for the best security: We recommend the Ledger Nano S
REMEMBER, you must use the link above to start your investment & get the FREE $10 worth of Bitcoin!
CRYPTOCURRENCY FOR BEGINNERS (QUICK NOTES)
We are in a world where anything is possible. Just over 8 years ago there was nothing like Bitcoin or the Blockchain Technology and the Cryptocurency industry was completely unheard of. Fast-forward to 2017 and we are with this intriguing endeavor of mankind as if they had been always with us. This year will stay in memory as the year in which the world normalized cryptocurrency, and interest in knowing what it entails is at its all time peak. If you are among those who don’t know what all the fuss is about and are curious, then this is an introduction to the world of cryptocurrencies.
What is a Cryptocurrency?
A cryptocurrency is a completely virtual currency that is made completely by computers and is not issued by any government around the world. It is a completely decentralized peer-to-peer means of making payments that offers its users very swift transactions that are cheap to pay for and is very private.
Types of Cryptocurrencies
The cryptocurrency universe is a very vast one and there is really no strict classification that really abides here. With over 1200 cryptocurrencies and growing, it is very challenging even for the experts in the industry to keep track of happenings. However, cryptocurrencies can still be broadly categorized depending on how they are made:
Mineable Cryptocurency: This is a class of cryptocurrency that was the model of the very first of them, the Bitcoin. Cryptocurrencies of this kind are formed to resemble the activities of gold mines, where the precious metal is searched for in the mines with painstaking patience using equipments. Mineable cryptocurrencies are “mined” by solving huge mathematical puzzles using immense computational powers with the reward being the cryptocurrency awarded at the end of a successful try. Cryptocurrency mining is very capital intensive, as it comes with heavy equipment and electricity costs
Non-Mineable cryptocurrencies: These are usually offered for sale by their makers in the form of tokens. This trend was made popular by the Ethereum blockchain, but these categories of cryptocurrencies usually have further uses than being just virtual money. As most are out to solve particular real world problems like insurance, property transfer etc.
Market Caps
Cryptocurrencies have different size in terms of their total market caps. Their sizes often have nothing to do with how long they’ve been around, as even new ones can surpass the old in value if they brought the right kind of product. There are small cap cryptocurrencies with total values of between $300 million and $2 Billion, and this constitutes the majority of the industry. There are mid cap ones with value of just over $2 billion but less than $10 billion, and then there is the Big-cap cryptocurrencies with values of over $10 billion like Ethereum and Bitcoin.
Investing In Cryptocurrency
As of yet the majority of investment in cryptocurrencies is done on an individual basis by people who have both the money and the interest in taking part of this industry. However there is growing trend coming online and could really explode next year, which is cryptocurrency hedge funds, Where people give in their money to professionals who invest in as many cryptocurrencies as possible on behalf of their investors in exchange for a share of the profits at the end of the day.
WHACloud (or remote) mining – is the process of using hardware power to mine cryptocurrency (such as Bitcoin or Litecoin) remotely. This mining model came to existence due to the fact that the increasing difficulty of mining has made it unprofitable for mining enthusiasts to mine Bitcoins at home.
WHAT IS CLOUD MINING
Cloud mining gives people a unique opportunity to begin mining cryptocurrency without the need for a large initial investment in hardware or technical knowledge. Despite the simplicity of the cloud mining model, it is worth elaborating on a few details, specifically it’s important to highlight that remote mining comes in two forms: hosted or cloud based mining.
REMOTE HOSTED MINING
The first form of remote mining is remote hosting. This model suits users with a high level mining experience and know-how and who require a high degree of control over their mining hardware. Under this model, the mining hardware is hosted in a remote datacentre and the user assumes full control over the setup and configuration of the mining hardware. Under this model, the miner pays a fee to the hosting company that would cover maintenance and electricity costs. This helps the miner handle the risks associated with maintenance of the kit as well as any risks with the shipment of the hardware. On the other hand, it presents the miner with risk on the initial hardware investment and requires much more time and technical knowledge to implement successfully.
It can therefore be summarised that the benefits of remote hosted mining are tight control over the mining process, maintenance support and subsequent ownership of the hardware. The big drawbacks are risks associated with the procurement of expensive hardware and the very high cost of entry, both in terms of investment and technical experience.
CLOUD MINING
The second, and more accessible model of remote mining is Cloud Mining, whereby a miner purchases a part of the mining power of hardware hosted and owned by a Cloud Mining services provider. The service provider takes on configuring the hardware, maintaining uptime and selecting the most efficient and reliable pools.
This option provides a range of benefits: instant connection (meaning no hardware shipment wait times and delivery risks), fixed maintenance and electricity fees and no nuisances associated with mining at home such as noise, heat or space. Another key point is that this model of cloud mining requires no technical experience. Obviously, it’s very important that miners understand the mining process, however this model doesn’t require hardware expertise or significant configuration / implementation cost. Since customers can purchase any amount of mining power they wish, this means that the level of investment will depend only on the miners’ ambition. This means that the cost of entry and subsequent risk is far lower than in comparison with the remotely hosted model.
HashFlare is happy to be offering its new cloud mining services range. We guarantee an instant connection, around-the-clock access and monitoring, an easy-to-use management interface, 24/7 uptime as well as daily payouts.
Cloud mining is greatly suited for novice miners who would like to try out mining and earning cryptocurrency as well as seasoned miners who don’t want the hassle or risks of hosted or home-based mining.
TOP RECOMMENDED CLOUD MINING PLATFORMS
Genesis Mining
Genesis Mining was founded at the end of 2013. The founders of our world-class cryptocurrency company got to know each other by using the same platform for buying and selling Bitcoins. As our cryptocurrency mining company and its user base grew, new mining farms were built up and several additional people hired, specifically programmers and engineers.
HashFlare was launched in the beginning of 2015. Essentially being an alternative to real mining, it allows the user to forget a number of troubles related to physically working with the equipment. This includes but is not limited to: high electricity costs, connection problems, proper cooling, high noise levels and shipping times.
High-quality equipment by HashCoins allows the mining process to achieve maximum efficiency and makes the contract prices become affordable. At the current time, forecasts show there is enough time to receive a decent return on investment (RoI).
THSI IS NOT FINANCIAL ADVICE, INVESTING IN CRYPTOCURRENCIES IS RISKY AND MAY RESULT IN EXTRAORDINARY GAINS AND PROFITS, AND ALSO MAY RESULTS IN LOSSES.
INVEST RESPONSIBLY!!!
TOP 10 CRYPTOCURRENCIES TO INVEST IN NOW AND HOLD
As of 2/26/2018 - Visit CoinMarketCap.com for real-time Satoshi and USD updates
1. LITECOIN
2. BITCOIN (You can purchase fractions of a Bitcoin, you do not need to purchase an entire Bitcoin)
3. KOMODO ($KMD) - Staking coin - Buy $KMD and store in Komodo wallet to earn 6+% interest
4. DIGIBYTE ($DGB)
5. MONERO ($XMR) - Staking - Uncertain on amount needed to earn free $XMR coins
6. NEO ($NEO) - Staking - Buy $NEO and store in NEON wallet to earn free $GAS tokens
7. CLOAKCOIN ($CLOAK) - Staking - Buy $CLOAK and store in Enigma wallet to earn free $CLOAK coins
8. ETHEREUM ($ETH)
9. STELLAR LUMENS ($XLM) - Staking - Buy $XLM and store in Stellar Lumens Desktop Client to earn free $XLM
10. POPULOUS ($PPT)
11. PILLAR ($PLR)
BEST TECHNIQUE TO GET STARTED (HOW I STARTED BUILDING MY CRYPTO PORTFOLIO)
This is the exact method that I used to get started in Cryptocurreny, and it paid really good for me and continues to make gains. Please note, that you do and should always do your own research on alt coins and on any investment before putting money or bitcoin into it. This is what worked for me, and it may not work of you as you wish, but a foundation is important.
STEP ONE
Here is the simple 3 step process to receive your FREE $10 worth of Bitcoin
Once your account is created, simply complete the usual verification process. This won’t take long.
Once your account is verified, simply purchase $100 or more worth of Bitcoin, Bitcoin Cash, Etherium or Litecoin (it doesn't matter which type of cryptocurrency you buy as long as it is at least $100 or more) and $10 will be added to your account automatically. (this process may take up to 4 days to complete)
I created my account on Coinbase and started with $500. I purchased $250 of Bitcoin and $250 of Litecoin.
If you are starting with $100, I would recommend that you put it into Bitcoin and when you are able to add more, I would suggest that you purchase Litecoin.
STEP TWO
Always secure your cryptocurrency with a 'Wallet,' and always be wary about leaving your cryptocurrency online at an exchange. I would suggest you download a desktop wallet to begin with.
I recommend a hardware wallet, which is probably the number one best way to secure your cryptocurrency. The best hardware wallet is the Ledger Nano S, which is the most recommended cryptocurrency hardware wallet to date. In fact, the Ledger Nano S was just recently out of stock for a number of months now, and is currently in-stock. I would recommend that you get 1 or 2 today... Like NOW!
In regards to user-friendly and possibly the most popular desktop software wallets, I recommendExodus or Jaxx for Bitcoin ($BTC), Litecoin ($LTC), and Ethereum ($ETH) they are ridiculously user-friendly and easy to install and operate.
Another good option is MyETHERWallet.com, however, EXODUS now allows you to store ERC20 tokens.
STEP THREE
This step is a little tricky, but patience and understanding is most important. You want to get onto an exchange (I would recommend more than one) so that you can use your Bitcoin to purchase additional 'alt coins' such as Digibyte ($DGB), DOGE ($DOGE), Komodo ($KMD), Monero ($XML), Bytecoin ($BCN), and others.
I recommend the following exchanges, I also recommend that you use the links below to register to ALL three exchanges as they all serve different purposes for buying additional alt coins:
Transfer your Bitcoin, Litecoin, or Ether to an exchange (depending on how many coins and tokens you have I would transfer a certain amount to each). You will use your bitcoin, litecoin, or ether to purchase one or all of the five (5) alt coins mentioned above.
NOW YOU HOLD!
STEP FIVE
Research other alt coins, ICOs, and work on developing your own strategy. I started with day trading to grow my bitcoin and litecoin. This is not recommended unless you know what you are doing and can read a chart successfully. MONITOR YOUR ALT COINS DAILY using coinmarketcap.com.
