Thursday, March 30, 2017

Getting Started with Crypto Currencies - 1

What is a CryptoCurrency?
To answer this question lets first look at the history of the field and the first cryptocurrency Bitcoins!

Where do I get started?
The first step to get into the cryptocurrency world is to get a wallet. Much like your physical wallet these applications or websites will store your coins for you. Wallets come with a variety of features over multiple types of media and equipment. The key is to find a wallet that is available how you need it and has the features you require. Typical types of crypto storage methods are device based wallets, online wallets and cloud wallets. Personally, I favor 3 wallets but have many more than that for various other uses.

BlockChain- web based, mobile app, bitcoin only, simple features
https://blockchain.info/wallet/#/

Coinomi- app only, local storage, easy access currency changing (slightly expensive)
https://coinomi.com/

Keep Key- physical storage, multi currency support, secured offline
https://www.keepkey.com/

Next few posts

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