Author: Jessica Alameda

In this article, we will be talking about Trust Wallet, how you can register in it, and how to enable the DApps browser.

What’s a crypto wallet?

A cryptocurrency wallet is a wallet that stores public and private keys, you need those to buy cryptocurrency. We have different kinds of wallets: desktop, mobile, hardware, paper, and online wallets.

Mobile wallets: mobile wallets are installed on your phone and will help you store your coins and tokens in them. Because they’re on your phone you can carry your coins around and even make payments in your day-to-day life and buy stuff using them. You can transfer crypto by scanning QR codes so it’s really fast.

But it’s not that safe though and you need to make sure to keep it secure. One of the most popular choices for mobile crypto wallets is Trust Wallet.

What is Trust Wallet?

Trust Wallet is a mobile wallet company. It was acquired by Binance in 2018. It’s a very safe mobile wallet and is very easy to use with a user-friendly interface. In this article, we will set up a Trust Wallet account. So, let’s not waste time and dive right into it.

How to create a Trust Wallet account?

To create your Trust Wallet account you need to install the Trust Wallet app first.

1. Installing the Trust Wallet app

You can download the Trust Wallet app from its official site here.
Or just search for it in your Google Play or apple’s App Store as it’s released for both ios and android platforms.

2. Creating an account

After you open the app, click on the “create an account” button and proceed by accepting their terms and other formalities.

3. Recovery Phrase

Somewhere through your registration, you will be shown your recovery phrase. Write them down and in the next part, you will be asked to verify that you wrote them and saved them somewhere so you should enter the recovery phase in the right order.

Do not take a picture of it (you probably aren’t able to take a screenshot as the app won’t let you) and do not write them in your note app or whatever.
Your recovery phrase AKA recovery seeds are a set of words or numbers that should be stored somewhere safe as they will be used to recover your wallet if you somehow lost it.

I mean think about it, there are various scenarios in which you can lose your mobile wallet, your phone could be stolen, you can delete the app by mistake, etc. By storing the recovery phrase in a safe place you guarantee your wallet could be restored if you ever lose it.

Note: recovery phrase is important for every type of wallet and not just mobile wallets.

4. Done

You are all set. You can use your wallet to deposit your coins right away.
Remember, mobile wallets aren’t safe enough to be used to hold a lot of money. They should only be used to help you use crypto daily.
Try hardware wallets if you are investing a big amount of money.

How to get DApps on Trust Wallet?

DApps are short for decentralized applications and they are very useful. If you are a new Trust Wallet user and you can’t see the DApps button, do not worry. We will cover how to enable DApps in Trust Wallet for both ios and android.

Enable DApps in android

To enable DApps in android Trust Wallet:
1. Open the app and navigate to settings.
2. Select preferences.
3. Click on DApp browser.
4. Click Enable to enable the DApp browser.
5. Done
Now you can see the DApps button in the app.

Enable DApps in iOS:
To enable DApps in iOS:
1. Open the Safari browser on your device.
2. In the browser type: trust://browser_enable then click go.
3. You will be prompted to open the Trust Wallet app. Click open and you will be redirected to the Trust Wallet app.
4. Done.
And just like that, you enabled the DApps browser in your Trust Wallet app.

Lead Wallet is a DeFi based multipurpose wallet that can be used with various cryptocurrencies. Lead Wallet allows users to securely store their digital currencies and perform peer-to-peer transactions without any third-party intervention.

Lead Wallet is a platform that is available to users internationally through Android and iOS phones. This application allows users to store their assets and has other features such as private keys, transactions, and payment of cryptocurrencies. To better understand the type of Lead Wallet activity, this application undertakes hosting and managing different blockchains for storing, investing, sending, and receiving cryptocurrencies by creating a digital currency wallet at the bank level.

What is Lead Wallet?

Users can have complete control over their assets due to having a private key, which allows them to decide how to store or spend their assets. Lead and its APIs Unlike traditional banks, all holdings in Lead belong to the user, and nothing provides to the application and its support system.

Lead is trading as a cryptocurrency in many exchanges. Unlike other cryptocurrencies, it is not directly converted to digital currencies. However, you can convert it to another digital currency and then exchange it for a Fiat currency. In the following, we will explain the methods of buying Lead.

Register on Fiat-to-Crypto Exchange

First, you need to buy one of the reputable cryptocurrencies like Ethereum. You can work with Uphold and Coinbase exchanges through this tutorial. Both exchanges have their policies and offer other capabilities. It is best to use both routes for LEAD review and trading.

Coinbase is one of the best exchanges in the world that accepts Fiat currency withdrawal requests. You can use this exchange to sell the digital currency that you have converted from LEAD.

Buy ETH with fiat money

Once you have completed the authentication system, you will be asked to select a payment method. You can do this by credit card or bank transfer. If you use a credit card, more costs include buying and selling, but you can make instant payments instead. Bank payments are cheaper but slower, depending on the situation in which you live.

Now that everything is done, click on the Trade option at the top left, select Ethereum, and complete the transaction. You bought your first digital currency.

Transfer ETH to an Altcoins

The process is not yet complete. Since LEAD is an altcoin, you must convert ETH to LEAD at this point. MXC can be used for this, as it is one of the best platforms for exchanging altcoins with many requests and tokens available.

In 2018, the MXC centralized platform was built. The exchange supports CNY, VND, USD, GBP, EUR, AUD deposit, and CNY, VND withdrawal. If you are in the US, you can also trade through MXC. There are more than 242 coins and 374 trading pairs on this platform. Currently, the platform also supports DeFi-based tokens.

The trading routine is the same as what we reviewed at Coinbase. In this section, you must enable 2FA Authentication to increase account security.

Deposit ETH to exchange

Depending on the exchange policies you choose and the authentication method, this process can take 30 minutes to several days. The procedure for withdrawing money is straightforward, and you can receive your currency in the form of Fiat currency in a bank account.

If this is your first visit, be sure to check out the FAQ by clicking the link above. In the right pane, you can see a string of codes labeled ETH address. This public address is to receive ETH tokens from other people. Since you have already purchased ETH at Coinbase with this address, click Copy address and copy it.

Now head back to Coinbase, go to the Portfolio page, click on ETH on your asset list, and click on ‘Send’ on the right. Now go back to coinbase, go to the Portfolio page and click on ETH in the list of assets. Click Send here.

Under Recipient, you must paste the wallet address that you copied from the previous step. At this point, be sure to check the copied address again to make sure it matches. If the addresses are different, your digital currency will be lost. Finally, click on Send. A confirmation email will be sent to you. You must open it and click on the sent email link.

Now go back to MXC and go to your Wallet. If you do not see your currency here, do not worry. The transaction takes some time to confirm. The higher the blockchain traffic, the more time it takes for the currency to reach your wallet address.

When your ETH receives at the address, you will receive a message from MXC. Now you can buy LEAD.

ETH exchange with LEAD

Return to MXC. Go to the Exchange section. It may seem a bit confusing, but here’s what you need to do. There is a search bar in the right column. Must be sure to select ETH. Click on it and type in the search bar: LEAD. You should now see the LEAD / ETH option. Select this currency pair to display its chart for you.

A green box appears at the bottom, titled Buy LEAD. Inside the box, select the Market tab to get to the easiest way to buy. You can also write the amount of purchase in this section. Click Buy LEAD when everything is approved. Eventually, your purchase will be finalized.

In addition to the exchanges that we introduced in this section, other exchanges have many users and high volume transactions. Some exchanges have lower transaction costs, and some have higher security. Try to choose an exchange that accepts LEAD and its sales.

Binance

Binance is one of the reputable exchange offices that first started operating in China and then moved to Europe. Binance offers many currency pairs and is a good option for people who want to buy and sell LEAD in Europe, so it is recommended that people in the United States use the Coinbase system instead of Binance.

Gate.io

Gate.io is another reputable exchange that was launched in 2017. This exchange locates in the United States, and most people in the United States can use this exchange to buy and sell LEAD Wallet. The exchange operates in both English and Chinese. gate.io generally offers many currency pairs to buy and sell. You can find a variety of altcoins in it. Also, the volume of transactions is very high. One of the most commonly traded currency pairs in this exchange is the USDT or Tether. To convert, keep in mind that the transaction cost of that currency is low so that you can buy and sell without the slightest hassle.

LEAD storage in cryptocurrency wallets

If you want to keep the LEAD token, you must choose a secure way to store it. Although Binance is one of the most reputable cryptocurrency exchanges, there is a risk of hacking and losing information. So you can use other methods for more security. Cold wallets are one of the most secure methods used to store a variety of cryptocurrencies. Your Wallet connects to the device as flash memory in this method, and all information is stored. Every hardware wallet has a powerful encryption system so that it is not easily hacked.

The hardware wallets on the market are Ledger and Trezor. Each company offers a variety of hardware wallets, depending on the different security levels and storage of cryptocurrencies, which you can get for $ 50 to $ 100.

Other essential tools for buying and selling LEAD

NordVPN

If you use a hardware wallet for LEAD storage, you should keep in mind that for added security, you can also use VPNs to send or receive transactions so that your IP can be recorded indefinitely in the transaction. NordVPN is one of these applications that can give your device a variety of IPs to protect against cyber attacks. This VPN provides a military-level encrypted network. It supports more than 5,000 servers in 60 different countries, so you can ensure high connection speed. There is no limit to the amount of data used in this program, but you can pay $ 3.49 per month to get the full version.

CryptoTrader.Tax

The more experience you have in cryptocurrency trading, the harder it is to track profits. The Cryptotrader. tax website simplifies this and informs you of the cost, profit, tax, and everything you need in cryptocurrency trading. Registration is easy, and you can connect it to the exchanges where you want to trade. Once your connection is made, you can receive profit or tax reports at various time intervals. On this website, you only have to pay to file tax reports.

Conclusion

Lead Wallet is a world-renowned cryptocurrency platform that offers a variety of services for digital currencies. Many tools such as transactions and sales are done in this Wallet. The token of this blockchain is also known as LEAD and has a different price you can buy and sell or convert into Fiat currency. If you also use this currency, send us your comments.

There are currently many Ethereum wallets, each designed for a specific purpose. Some of these wallets, such as Metamask or Coinbase Wallet, are always available and have a lot of security stability. Cold wallets such as Ledger and Trezor also connect to the Internet when needed. These wallets are more secure because their private keys are never available on the web, but they have a more complex user interface than software wallets. On the other hand, smart contract wallets, known as smart wallets, have not been accepted as they should be, and perhaps most people have never used these applications. However, these types of wallets offer a combination of security, flexibility, and high usability to their users.

A smart wallet is an Ethereum wallet that manages by smart contracts instead of private keys. It allows users to offer advanced features such as Multi-sig transactions, daily transfer restrictions, instant account locking, and secure account recovery.

Smart Contract Wallets

The smart wallet works so that its assets are managed and transferred in the form of smart contracts. This method can give users more control over managing their assets.

The Ethereum network supports two types of accounts: External Owned Accounts, which are managed using a private key and seed phrase, and Contract Accounts, operated with a smart contract code. Today, Ethereum wallets can be controlled in both ways, but they work seamlessly with the release of Ethereum 2.0.

Most Ethereum wallets manage on EOA accounts, so their uses are more limited. Smart wallets are part of the Contract Account routine and allow you to manage assets with coded instructions with the power to identify who Uses them.

OTC crypto trading is also associated with tighter spreads, meaning that high volume traders can save more money and maximise their profits.

Smart Wallets benefits

Due to the variety of smart contracts and separating users’ obligation to use private keys, smart wallets offer many capabilities along with user experiences such as traditional financial applications. Here are some of these features:

Multi-signature authentication: More than one user can authenticate a transaction to increase security. Smart wallets also accept multi-sig transactions for offline verification.

Lock the account immediately: If the device is stolen, the account can be locked immediately, and access to it can be disabled.

The daily limit on the number of transactions: The daily limit on the number of transactions can help reduce the number of irreversible errors. It also prevents wallet-emptying attacks for transactions.

Multi-Factor Authentication: Smart wallets offer a new layer of security with authentication systems.

Whitelisting: Users can restrict transactions to a single whitelisted address.

Trusted Guardians: Smart wallet operators can choose security guards to keep their assets more secure. For example:

1. Create transaction restrictions for a specified amount.
2. Move to addresses that are not in the whitelist.
3. Seedless” account recovery (Guardians can unlock frozen accounts or approve new devices).

Bundled transactions. Some smart contracts approve the specific amount of tokens needed to use a dapp and send it as a Bundled contract to that app for added convenience and speed.

Platforms like Authereum also allow decentralized applications and developers to pay the gas fee for structured transactions and avoid wasting ETH users.

Advanced Smart Wallets

Advanced smart wallets also have other unique features that users who need better and more features can use.

DeFiSaver’s wallets allow bundled transactions with pre-built instructions. Users can also create their instructions for sending and receiving their assets to DeFi protocols.

DeFiSaver also offers Vault Automation, an automated liquidity assessment method. When this feature is enabled, if the Collateral Ratio of a Vault falls below a certain level, part of the Collateral is instantly replaced by Dai. In this case, this amount is intended to repay Dai, which was sent to increase CR.

Conclusion

Smart wallets with their features can meet the needs of many users in the cryptocurrency market. However, this type of tool is not yet well known and used. It is likely that by the end of the 2020s, the use of these types of wallets will become widespread worldwide. What do you think about the level of security and efficiency of this type of tool compared to other digital currency wallets?

Do you want to buy or sell bitcoins from ATMs or withdraw? A Bitcoin ATM, also known as a Bitcoin Teller Machine, can easily buy, sell, trade, or convert Fiat currencies to Bitcoin. But can you do Withdraw from this device as well? Unlike other traditional ATMs, where you can withdraw Fiat currencies such as the dollar with your credit card, Bitcoin ATMs allow you to buy Bitcoin with Fiat currency and withdraw Bitcoin with Fiat currency. But how do these types of devices work?

Bitcoin ATM

Why do we have to use ATMs to buy and sell bitcoins? Unlike cryptocurrency exchanges, which require lengthy and tedious authentication, Bitcoin ATMs are easy to buy and sell. You can receive $ 100 or $ 1,000 in bitcoin without any KYC or AML authentication.

Of course, this does not mean that Bitcoin ATMs do not require authentication. All you have to do is scan your ID card for this type of device so that you can withdraw Fiat currency or buy and sell bitcoins.

On the other hand, Bitcoin ATMs are much simpler and more reliable for people who do not deal with technology.

Due to its speed, workflow with the least possible limitations, and very high security, bitcoin ATMs are used worldwide and in many reputable stores. The existence of these devices increases the use of bitcoin and other digital currencies in the world.

Bitcoin ATM advantages and disadvantages

Advantages

1. One of the fastest ways to buy and sell and receive money from Bitcoin
2. No need to open a bank account
3. There are no lengthy verifications or authentications that take days.

Disadvantages

1. The transaction cost of this type of device is slightly higher than other methods.
2. For each device, generally, between 7 to 12 percent of bitcoin transactions are deducted as transaction costs by calculating the costs of permits, maintenance, repairs, and other items.
3. Not suitable for large transactions at all.
4. Bitcoin ATMs are limited to $ 1,000 to $ 10,000, and you can not withdraw more than that.
5. Still, with 3 million ATMs globally, the rate of distribution and use is much lower than we expect.

How to withdraw money in Bitcoin ATM?

Depending on the type of Bitcoin ATM, most of these platforms perform two-way operations to buy and sell bitcoins.

But some devices do not have Withdraw operations and can only be used to buy bitcoins.

Here are some popular Bitcoin ATMs:

1. Genesis1 Bitcoin ATM
2. Satoshi1 Bitcoin ATM
3. Satoshi2 Bitcoin ATM
4. Lamassu Bitcoin ATM
5. General Bytes BATM2 (one-way)
6. General Bytes BATM3 (two-way)
7. BitAccess
8. Skyhook
9. Robocoin

Bitcoin ATM kiosks are constantly connected to the Internet, so you can experience instant buying and selling. All you need to do is give the device money to deposit bitcoins into your account, or vice versa, log in to your account so you can withdraw Fiat currency.

So keep in mind that you must have a Bitcoin wallet to use this device. Because you have to have your wallet address for both buying and selling

Of course, if you do not have the address of your wallet, the device will make a paper wallet for you, although it is recommended that you give your address to the device.

Buy Bitcoin with an ATM

Buying bitcoins differs from bitcoin ATMs on different platforms, but each has standards that we thoroughly examine for buying, selling, and receiving currency.

Verify your identity

The authentication steps are different for each device.

You will be asked to enter your contact number for initial authentication. Try entering your original phone number for authentication. The Bitcoin ATM sends a one-time password to your phone number so you can log in to the operation.

Some devices need to scan your ID card or passport to buy and sell bitcoins for you.

Of course, not many Bitcoin ATMs are available everywhere, so you should be lucky enough to find one.

Provide your bitcoin address for deposit

Once your registration and authentication are complete, you need to give the device the bitcoin address to know which address to send the bitcoins you buy.

We suggest that you have a Bitcoin wallet application on your mobile phone and use the QR code scanner to transfer the wallet address to the device so that there is no problem copying and pasting the address.

You can receive bitcoins by email containing the QR code in your inbox. There are also ways you can print a QR Code from your device.

Once you receive the QR code in the email or paper wallet, scan it so that the private key is sent and you can access the purchased bitcoins.

Insert your fiat money into the Bitcoin ATM

To be able to buy Bitcoin, you must enter your Fiat currency into the device.

Most devices ask you to deposit your money into the machine one by one. There are only a few devices that offer the ability to receive cash in batches.

Once you have confirmed the amount, go to the transaction confirmation section and select the Buy or Finish or Confirm options to move the bitcoin to the sent address.

Sell bitcoins

In general, trading Bitcoin with an ATM is simple. We explained the purchase of bitcoins, but the sale is also made in every bitcoin ATM. To Withdraw Fiat currency from the device, all you have to do is enter your Bitcoin wallet information and sell Bitcoin up to $ 10,000, then receive your money directly from the device.

Conclusion

With Bitcoin ATMs, you can easily buy and sell bitcoins or other digital currencies. These devices have many advantages, but one of their most significant drawbacks is the high transaction cost. In any case, if you have a bitcoin ATM near you, instead of using online exchanges, you can simply use this tool to cash in your digital currency.

For those traveling internationally, it is recommended that they try to use other methods due to the fluctuations of Bitcoin prices so as not to incur higher transaction costs than usual. Have you ever used this type of device?

In this article, you learn how to connect Metamask to Ethereum mainnet. Metamask is one of the safest and fastest cryptocurrency wallets that work with ERC20 standard and Ethereum tokens. How to connect Metamask to the main Ethereum network? There are steps to do this, which we will explain below.

Metamask can use as a versatile cryptocurrency wallet. Most digital currencies that work with the ERC20 Ethereum standard can be stored and managed in this wallet. But this wallet also has unique features that must connect to the main Ethereum network to use them.

Connecting Metamask to the Ethereum Mainnet

Metamask can be launched in just a few minutes, and since this application works as a plugin on the browser, it is also straightforward to use. You can send and save your ERC20 digital currency to this wallet with just a few simple instructions. To connect Metamask to the main Ethereum network, do the following:

1. First, install the Metamask Wallet plugin on your browser.
2. After opening it, click on your profile icon in the upper right.
3. In the next section, by opening a new window at the bottom, look for the settings option and select it.

1. From this section, you must select the Networks settings.
2. Now a page will open from which you must select Ethereum mainnet. Metamask wallet is connected to Ethereum by default, but sometimes you have to do it manually.

How to connect Metamask to other networks?

To use Metamask on other blockchains to accept other digital currencies, you must connect it to the other blockchain main network. To do this, first, go to the Network tab and follow the instructions below.

1. First, select Add Networks from the opened section.
2. There are different options in this section, each of which you must set separately to connect to the network. If you want to connect the Metamask wallet to Binance, you must type the values ​​you see in the image below.

How to send ETH to Metamask Wallet?

Metamask Wallet is built into Ethereum by default, but if you want to add ETH to it? For this operation, you must copy your wallet address written on the Metamask home page and send it to people who want to send you ETH. To do this, first, log in to Metamask and log in with your user information. Go to the Account section and copy the wallet address and send it to another person.

If you sent the address, but the ETH tokens were not credited to your account, you will probably have to wait a few minutes to confirm the transaction. In general, sending tokens on the Ethereum network may take a few minutes to a few hours, depending on the transaction cost.

Ethereum network applications

Ethereum users can use the unique features of blockchain. This blockchain includes smart contracts and dapps. Metamask wallet connects directly to all of the above and can be used in decentralized applications or smart contracts. For example, suppose decentralized applications built with the Ethereum standard and in-app payments considered for them. In that case, you can withdraw money directly from your account by connecting your Metamask wallet to these types of applications. Make a purchase.

Conclusion

Metamask wallet is automatically connected to Ethereum mainnet, but if you want to do it manually, you can do it with the methods we discussed in the article. Metamask is one of the safest and best cryptocurrency wallets with ERC20 standards globally, which connects to other networks and can be used to buy and sell digital currencies.

Anthony Pompliano is an influential entrepreneur and investor who currently has more than $ 200 million in net worth. Anthony Pompliano is best known for his podcast program called Pomp Podcasts. However, he is one of the founders of Full Tilt Capital and, along with several other investors, is one of the most prominent entrepreneurs in the world. In the continuation of this article, we will pay attention to his current capital and activities.

Anthony Pompliano net worth

Anthony Pompliano currently has close to $ 200 million in net worth, estimated from various sources. In addition, it has invested more than 80 percent of its capital in Bitcoin and the remaining 20 percent in startup and real estate businesses. Anthony Pompliano’s real estate could be even higher than we expected.

Pompliano is one of the emerging investors in the digital currency market. He joined the US Army in 2006. He then took part in the operation to liberate Iraq in 2008, after which he completed his service in 2012.

Anthony Pompliano joined Facebook in 2014 and started working as a product manager. During his one-and-a-half years on Facebook, he carried out many activities, including managing and organizing the social operations and planning team. Voter Registration and AMBER Alerts were among the services launched under his tutelage on Facebook.

Anthony then joined Snapchat at the same time, however, but his tenure was short. Pompliano entered the field of entrepreneurship in 2016. He first started Full Tilt Capital with Jason Williams. Many websites report that his initial investment this year was close to $ 100,000.

Then in 2018, in the beginning, Morgan Creek Capital Management acquired Full Tint Capital. Pompliano then took on a new role as founder and asset partner at Morgan Creek, which seems to have taken over due to his subsequent investments in the company.

Anthony Pompliano Predicts the Bitcoin Will Be $ 100,000

One of the first entrepreneurs to predict the price of Bitcoin will soon reach $ 100,000 is Anthony Pompliano. So he has personally invested heavily in bitcoin.

Pompliano has been the focus of much attention worldwide for the past year or two as he makes accurate predictions for the capital market and the cryptocurrency market. For example, he predicts that the price of bitcoin will reach $ 100,000 in 2022, which is not far from the current price ($ 645,500 at the time of writing)/

We will have to wait and see if such a prediction will come true soon as Bitcoin grows. Of course, many other great entrepreneurs in the world have predicted that even the price of Bitcoin will be more than $ 250,000. Cryptocurrencies are always a bit ambitious, but they always face a lot of fluctuations and explosive movements.

Anthony Pompliano Profile

Anthony Pompliano was born on June 15, 1988, in the United States. He is one of the most successful entrepreneurs in the United States and now has a total asset value of nearly $ 200 million. He is a fan of cryptocurrencies and makes most of his investments in this field.

Conclusion

One of the most prominent Bitcoin investors who can make a big difference in its price changes is Anthony Pompliano. He is one of the top American entrepreneurs with a current capital of more than $ 200 million. But we hear interesting predictions about digital currencies from him, one of the best of which is the $ 100,000 price of bitcoin, which will be realized soon.

How to sell bitcoin? Maybe you are one of those who have bitcoin and do not know how to sell it and convert it into Fiat currencies.

Selling bitcoin has the same process as buying bitcoin, but the procedure is the opposite. You must first have a bitcoin amount in your digital wallet.

As there are many ways to buy bitcoin, you can also sell it through various channels. For example, peer-to-peer platforms, digital currency exchanges, or Bitcoin ATMs are some of the things that are practical to sell.

Digital Currency Exchange

Leaving aside its minor disadvantages, the best way to sell Bitcoins is to use cryptocurrency exchanges. Any exchange can sell your Bitcoins in the fastest possible time. To use online exchange offices, you must first go through the general procedure of registration and verification of their identity, which consists of several different steps. You must also provide a bank account to an exchange office to receive money in Fiat currency. Depending on the area where you live, you may have limited access to some exchanges.this exchange include Bitcoin exchange, Coinbase, Kraken,Binance and bitstamp

Once you have created an approved account in cryptocurrency exchanges, you can submit a request to sell your Bitcoin, which is now in your digital wallet, to these platforms. You will be asked the amount of the sales request and the price set. The exchange automatically transacts when a buyer is found for your bitcoin. Of course, there are challenges in this that we are not talking about at the moment. For example, transaction costs or withdrawal costs are high in some cryptocurrency exchanges and generally do not sell less than one bitcoin.

After your sale order is done, you must proceed to withdraw money from the exchange. This process is both time-consuming and creates liquidity problems. Also, some US banks do not approve withdrawal requests that are for Bitcoin. Therefore, you should also consider that you will probably have to provide a bank account at the time of withdrawal that accepts the Fiat currency request from Bitcoin.

As we said, every exchange office demands a certain amount of money from you as a cost of receiving money. It is also possible that your withdrawal amount has a specific limit, and you can not withdraw more than a certain amount from that exchange account. The more you work and trade in exchange, the higher the withdrawal limit. This can be even higher if you can load your KYC and AML circuits into a sale.

Note that you should not quickly take your digital currencies out of your wallet and put them in an online exchange account. Hackers have probably attacked every exchange office, and the money you have invested in these websites may have been stolen. So try to request a withdrawal quickly and do not leave any money left in the exchange account.

Instead of selling Bitcoins and converting them into Fiat currency, you can exchange them for a stable coin and store that token in your digital wallet. By doing so, you can minimize Fiat currency security issues or withdrawals from Bitcoin. It is also much easier to request money from a personal wallet than from large exchange offices.

There is another way to turn your bitcoin directly into a commodity. Some exchanges turn your Bitcoin into a marketable credit card so you can buy with that product and no longer have to worry about converting it and withdrawing overdraft costs.

Some of these credit cards also accept Stable Coins, so you can save all kinds of Stable Coins on your credit card and use it to buy goods without worrying about sudden fluctuations in Bitcoin.

Direct methods of selling Bitcoins

There is another way to sell Bitcoins, and that is direct transactions with other people. There are different ways to do this, which we will explain below.

Peer-to-peer selling

With a peer-to-peer Bitcoin sales system, you can sell your Bitcoins directly to someone else and receive cash instead, for instance, bitcoin to naira, or other Fiat currency.

In this case, each seller or buyer announces his price for Bitcoin and based on payment methods or price. You can sell Bitcoin to one of the people.

Peer-to-peer platforms also have multi-layered security systems to ensure you sell your Bitcoins to the last step without a hassle. According to the payment methods available on the platform, the bitcoin seller must receive the Fiat currency directly or wire transfer in his bank account and deliver the bitcoin.

Face-to-face Bitcoin sell

One of the easiest ways to sell Bitcoin is to sell your cryptocurrency directly to someone you trust and then cash in or ask the person in question to deposit Fiat currency into your bank account. In this method, you need to know how to send Bitcoins to the other person’s wallet.

The price of bitcoin fluctuates sharply, so it is essential to consider the exact price when sending it to a friend or relative for sale. Most traders have used the rates offered by exchanges, and you can also search for Google to get the current price of Bitcoin.

In this way, anyone can buy or sell your bitcoin at any price. If you can trade Bitcoin at the price you want or more than the online price, you successfully sell it.

This method also has problems. For example, you should not sell Bitcoins to someone you do not know because the chances of fraud, in this case, are significantly increased.

Bitcoin ATMs

Unlike classic ATMs, Bitcoin ATMs connect to the Internet and buy and sell for you, and you can receive cash from it.

The easiest way to sell Bitcoins at an ATM is to place the QR Code of your wallet under the scanner, specify the desired amount, and then receive the converted amount in cash. Of course, these devices charge a higher transaction cost than other ways to sell Bitcoins, so go for it if you want to sell a lot of Bitcoins. Of course, not all ATMs support bitcoin trading.

Some ATMs include user authentication, so selling Bitcoins in this way will be much more time-consuming than exchanging. For example, new users must register their phone number on this device and confirm it. They even have to enter government ID or scan their documents and photos into the machine. The ATM authentication procedure is different, so you should consider another method if the process takes too long.

There is also a limit to payment on Bitcoin ATMs, depending on the type of user confirmation. In some countries, you even have to have a money order to be able to receive cash.

After authentication, you will be given a QR Code to send your Bitcoin to your ATM. You can then withdraw cash from the machine. Of course, there are many limitations, but this method is also applicable.

Bitcoin withdrawal

There are many ways to withdraw Fiat currency. For example, you can wirelessly transfer the money you earn from selling Bitcoins to your bank account. Money can also be transferred to your bank account through transfer methods in the SEPA system. This method is set for international payments in Europe and is very secure and fast. Some European financial ways do not deliver currencies derived from the sale of Bitcoins.

Conclusion

As mentioned, there are many ways to sell Bitcoins and deliver Fiat currency, each with its advantages and disadvantages. In some methods, the transaction cost is high, some have lower security, and some have lower speeds. You also need to verify your identity or provide valid identification documents to withdraw money at an exchange office or ATM. In any case, you can choose one of the methods to sell Bitcoins and receive Fiat currency.

Yield farming is an easy way to lend or stack digital assets more profitable than other methods. Of course, this method is hazardous and fluctuating. But people have very well received it. For this reason, the DeFi market has reached an unprecedented growth of $ 500 million to nearly $ 10 billion in working capital.

Simple Yield farming standards encourage all those with some form of liquidity in the market to lend their assets as a smart contract in a dedication pool. This incentive can take the form of transaction fee commissions, loan applications, or governance tokens. The rate of return on loans granted in this way is considered APY. and the more investors invest in liquidity pools, the higher the rate of return and profitability.

Generally, people who do Yield farming use stable coins such as USDT and DAI or USBC for this purpose. But popular DeFi standards are currently working on the Ethereum network, requesting governance tokens in the liquidity pool. The tokens mined in these liquidity pools will be used to provide liquidity to decentralized exchanges.

Liquidity extraction occurs when a participant in the Yield farming process receives tokens as a reward and offers the Compound COMP token to its users. Most easy-to-use farming standards reward their users with governance tokens used for trading in centralized and decentralized exchanges such as Binance and Uniswap.

What is the annual percentage yield?

The annual profit to each investor in the simple Yield farming system is calculated based on the annual percentage yield or APY. This number indicates the amount of yearly return on investment.

Since 2020, many investors have received huge profits as APY from this system. However, the protocols and coins of this method fluctuate sharply, and the possibility of losing capital is very high.

Yield Farming Protocols

People who do simple Yield farming use different DeFi platforms to increase their annual profit. These platforms work in various forms of lending or borrowing from liquidity pools. Here are the best Yield farming protocols.

AAVE is one of the open-source and decentralized digital asset loan protocols from which users can borrow assets and receive AAVE tokens instead. The system has $ 21 billion in working capital among all other DeFi protocols, and users are given 15% APR for each loan.

The compound is another financial market for lending in digital assets, which calculates the number of COMP tokens received based on the type of lending in the form of intelligent algorithms. This protocol has one of the best and highest levels of security among other Yield farming methods. Its working capital is $ 16 billion, and the APY earned is in the range of 0.21% to 3%.

Other simple Yield farming protocols include Curve Finance, which is a type of DEX. This protocol allows users to exchange their stable coins at a low price with other decentralized protocols. It is also one of the largest DEXs in terms of working capital, with $ 9.7 billion. On the other hand, its APY rate is about 10% and even goes up to close to 40% in certain conditions. stablecoin pools are generally very secure and can be hard to miss.

Uniswap is a DEX protocol with the ability to exchange tokens, including the ERC20 protocols. Liquidity suppliers must invest 50/50 in the liquidity pool to maximize profits from transaction costs. There is a version of Uniswap titled V2 and V3 that the V3 version will be a new protocol with 200 different attachments. The working capital of this system is about $ 5 billion for the V2 version and $ 2 billion for the V3 version.

Instadapp is one of the most advanced protocols to increase DeFi dominance in the market. Users can build their DeFi portfolio, and developers can build their platform this way. The total capital of this system is about $ 9.4 billion.

One of the Uniswap forks, known as SushiSwap, made a fuss at launch. The platform is currently a DeFi ecosystem with lending assets as well as decentralized on-chain applications.

PancakeSwap is also a DEX protocol based on the Binance network and is known as a BEP20 token exchanger. In simple Yield farming, the PancakeSwap protocol uses an AMM to trade in the liquidity pool. This system has the highest turnover in BSC protocols with $ 4.9 billion. Most of the focus of this platform is on structures such as lotteries, team competitions, and NFTs. APY also reaches more than 400% in this method.

The Venus Protocol is an intelligent algorithm market that includes lending and credit systems based on Binance standards. Users in this protocol work together by providing collateral for the network and receiving APY from lending and borrowers by paying tokens in this system. Collateral in this protocol has become one of the best ways to lend digital assets and has extraordinary differences with other services. The market capitalization of this market is more than $ 3.3 billion.

The Balancer protocol is another simple Yield farming standard. Its liquidity standards are such that it does not require lenders to pay liquidity evenly in the pool. Instead, each user can build their cash pool with different numbers and weights of specific tokens. The working capital of this protocol is $ 1.8 billion.

Another simple Yield farming platform that works decentrally is Yearn.finance. This financial system uses Aave and Compound methods simultaneously to increase the profitability of the lenders. Its intelligent algorithms also make the most of Yield farming. Users can get more than 80% APY in this system. Its turnover is $ 3.4 billion.

Bitcoin simple Yield Farming

Is there a way to easily bitcoin Yield farming? No official DeFi protocol has been set up for Bitcoin Yield farming yet, but with WBTC, Bitcoin can be brought into the Ethereum blockchain and used according to DeFi standards. The method is that first, by wrap the bitcoin and transfer it to the Ethereum blockchain, you can get a good profit from the bitcoin tokens by lending, but differently.

What is Yield Farming risks?

Due to the sharp fluctuations of the digital currency market, lending in the Yield farming method can be associated with many losses. Also, factors such as high gas fees in Ethereum and high capital for this work can lead to increased risk in this area and losing money. Even if the market fluctuates sharply, the annual profitability for lenders generally disappears. So investing in this mode is very difficult.

Even because of bugs in smart contracts and the lack of sufficient collateral, hacking and stealing lenders’ capital is possible. Even bugs in the coding of smart contracts can be a simple point of intrusion for hackers and destroy all the lender’s assets.

In 2020, due to a security hole in the Yam protocol, nearly $ 20 million in the capital was lost.

Therefore, DeFi protocols are a kind of unlicensed and independent standards that are used to run decentralized applications. If one of these applications is infiltrated and malware does not work correctly, and can have a devastating effect on the entire ecosystem.

Conclusion

This article looks at digital asset lending, how it can be done, what the borrower’s interest is, and how the borrower should repay the loan. We also pointed out that market fluctuations cause a lot of capital to be lost in this way. even the security of smart contracts still does not work so well for its vast digital assets. In any case, you can borrow or lend digital assets in simple Yield farming based on the protocols we have introduced.

Dogecoin price increased dramatically in 2021 with explosive growth and became one of the best digital currencies in terms of turnover. But how to start Dogecoin mining?

Dogecoin has come a long way since 2013. Developed initially as a joke, the digital currency is now among the top 10 currencies globally in terms of trading volume, with more than $ 32 billion in market volume.

The popularity of this digital currency has increased dramatically due to the widespread advertising on social networks by influencers and celebrities. At the beginning of 2021, it faced a growth of 8000%!

However, currently, the competition for dogecoin mining is much less than for bitcoin. Block discovery in this digital currency is faster, and the reward is 10,000 dogecoin, while the bitcoin reward for each block is 6.25.

Dogecoin mining method

How the dogecoin blockchain works is done precisely by adding new blocks on the nodes and registering transactions on each block, and the procedure for working with bitcoin is the same.

The verification mechanism of its algorithms works with Proof-of-Work, so you can get dogecoin rewards through mining. In this case, the competition of users to discover a new block and address the transactions and place them in each block will increase, and powerful hardware to extract this digital currency will come to the fore.

More precisely, each dogecoin miner must generate a hash code string and compare it to the block hash code string. If the string code is the same, then the block is detected. The power of miner devices is also determined by the amount of hash code generated per second. For example, a device can generate ten triggers per second and compare them to a hash block.

Each hash requires powerful computing hardware because mathematical operations generate it.

The image below shows the mining specifications of dogecoin, bitcoin, and litecoin digital currencies.

As a rule, blockchains that work with the Proof-of-Work algorithm have a certain amount of coins that when these coins are completed, other mining operations will stop. This is exactly like when the earth’s gold reserves run out.

Unlike other major digital currencies in the world, Dogecoin does not have a mining ceiling. The number of coins in circulation is constantly increasing, and new coins enter circulation by mining

One block is discovered on the dogecoin network every minute. Of course, this is the rate for Bitcoin to find blocks every 10 minutes.

Of course, although there are similar algorithms for extracting Dogecoin and bitcoin, the method of working in Dogecoin is slightly different.

Bitcoin is the world’s first and oldest digital currency using the SHA-256 hash algorithm. In this method, the hash length is always the same, so the algorithm is less complex.

Dogecoin and Litecoin work differently and use the Scrypt algorithm, which is less complex than the SHA-256. This algorithm speeds up the process of generating and discovering blocks in Dogecoin, as well as optimizing its energy consumption.

The Scrypt algorithm also allows both dogecoin and litecoin cryptocurrencies to be extracted simultaneously without straining the miner. Dogecoin has the same procedure as litecoin because its codes are based on lucky coin, a sub-token of litecoin.

How to mine Dogecoin?

At the beginning of the dogecoin offering, the mining process was much more straightforward. Each person could personally extract this digital currency and receive a reward. However, as the competition for Dogecoin increased, the difficulty of mining also increased. So now you have to join the mining pools to extract it.

Mining pools are places where people provide their resources and hardware so that a cryptocurrency can be mined collectively, and the profits from the mining bonus can be shared among these people.

There are three general ways to extract Dogecoin.

1. Individual mining/solo mining
2. Mining pools
3. Cloud mining

Can joining a mining pool be helpful?

If you want to do dogecoin mining simply for testing purposes, you can do so with a GPU and connection to software like EasyMiner. The more power your GPU has, the more Dogecoin you can extract.

Of course, even with powerful graphics cards, extracting Dogecoin in person is complex and comes at a high cost to you.

Instead of personal mining, you can join Mining Pools and earn a higher percentage of rewards in exchange for your resources. In each mining pool, between 1 and 3% of the total bonus receive as the cost of the pool.

The best Dogecoin mining pools are listed below:

1. Multipool
2. Prohashing
3. AikaPool
4. Cloud Mining

You can also extract Dogecoin through cloud mining. This way, you can rent a powerful computer from a virtual server and use it every month to extract Dogecoin. Maintenance costs for this type of service are also calculated on a monthly and annual basis. The more you spend on renting a computer, the more profit you make.

One of the major problems with cloud mining is that most contracts have a time limit, which means that if the price of Dogecoin goes down in the indefinite future, you will lose a lot in this system.

Of course, its advantages include the lack of need to set up a miner and the lack of consideration for the environment and conditions to meet the requirements for setting up a dogecoin miner. The following are two commonly used cloud mining systems:

1. Genesis Mining
2. Nicehash

Dogecoin mining prerequisites

To be able to dogecoin mining, you need a series of requirements. The following are the most important things before you start:

Hardware

There are three types of hardware combinations to be able to dogecoin mining:

1. Suppose you have a potent processor and can use liquid cooling systems and other professional systems to keep the temperature at a certain level. In that case, you can easily mine Dogecoin with it.
2. Powerful GPUs are also essential to start dogecoin mining.
3. ASIC Miner devices based on Scrypt algorithms can easily do DOGE mining for you. But there are problems behind these devices, including high prices and high maintenance costs.

Software

Once you have selected your leading hardware for DOGE mining, it is time to install mining software on your system and perform the operation.

1. If you want to mine with CPU, you can choose the CPU miner application.
2. If you want to mine with a GPU, it is best to use the EasyMiner application. Of course, the CudaMiner app is also compatible with Nvidia graphics cards, and CGminer is a smooth and straightforward application for mining with any graphics card.
3. If you have purchased an ASIC Miner device with the ability to extract through the Scrypt algorithm, you can do so using the MultiMiner application.

Digital wallet

After choosing dogecoin hardware and software, you must also use a digital wallet to store the digital currency you extract. Digital wallets include public and private keys and can be sent or received Dogecoin. But what are the best wallets for storing DOGE digital currency?

1. Online software digital wallets are one of the fastest options for storing digital currencies like DOGE. For example, Coinomi, Coinbase, or Binance wallets are offered, which are both highly secure and easy to set up, which has led many to use many of these digital wallets.
2. Digital wallet software applications are also prevalent and have a lot of security. You can download the original dogecoin wallet or choose one of the wallet apps.
3. The safest and best way to store digital currencies, including Dogecoin, is to use hardware wallets compatible with most minor applications. You can connect this hardware to your laptop or computer with a USB connection and use it. The best hardware wallet options are Ledger Nano S or Ledger nano X, or you can buy Trezor T.

All three hardware, software, and wallet mining items are among the main requirements for dogecoin mining. So do not forget that you can start the operation by preparing all three items and joining a mining pool.

Conclusion

Dogecoin mining can still be very profitable. At the moment, the prices are very high, and you can start mining by providing the necessary tools and making the possible profit this way. Of course, keep in mind that your device should be the lowest cost in energy consumption and the most profitable in terms of hash rate generation.

Buying bitcoins is commonplace today. But suppose you want to pay a lot of money to buy it, and you have to save the transaction receipt of each purchase and be careful of the subsequent follow-up. How can you do that? You will probably need a blockchain transaction id. Each transaction id is a hashed address of the transaction information that you did in the blockchain.

You may ask, how can I find my blockchain transaction id to buy and sell digital currency? Here are some ways to find the blockchain transaction id as quickly as possible.

How to Find Transaction ID?

There are a variety of tools you can use to find the blockchain transaction id. One of the best tools for recovering transaction IDs is to use Blockchain Explorer. This tool helps you find transaction information based on the sender or recipient’s time, price, and address.

Choose a Transaction from Your Wallet

The first thing to remember is that you can also find the transaction id on your digital wallet. First, open your wallet and go to the Transactions section. If you click on the transaction, a hash string is displayed, which is transaction id.

You can retrieve the full details of a transaction, regardless of the wallet software or crypto exchange you made your purchase or sale. Each digital currency traded leaves a transaction id in the blockchain that you can access.

Find the Transaction ID

Every bitcoin or other cryptocurrency transaction has a transaction ID, abbreviated TXID. This identifier is a personal authentication code that exists for each transaction. Each transaction ID is displayed as a hash code and is unique.

The original Bitcoin wallet provides users with a TXID for each transaction. But other exchanges, such as Litecoin, should follow suit. To get TxID in other blockchains, you have to look for transaction hash code strings with different characters. But if you still can not find this string of transaction ID codes through a unique wallet, you can get help from Block Explorer.

Find the Transaction ID in Block Explorer

If you are in the Bitcoin wallet, you can click on the view on the Blockchain option to go to the Blockchain Explorer page and view your desired transaction with the transaction ID number.

If you are not on the Bitcoin wallet, you will need to find it in Block Explorer using the transaction date, the sender’s address, or other information.

Depending on the wallet you use, a different number of confirmations are displayed. Each confirmation shows a different path to a completed or canceled transaction; however, if you have sent the coin to another wallet, at least six confirmations will be made on it.

Time ranges also vary from one wallet to another. People as miners in each blockchain have the task of confirming transactions, so if many people use the network simultaneously, the probability of confirming your transaction will increase. Confirmation of a transaction can take from one minute to several hours.

If you were looking for a transaction and then saw a no Transaction Found error, the transaction was not completed. But if you are sure of doing so, you should contact your digital wallet support system and let them know.

Why do we need Transaction ID in blockchain?

There are many reasons to request a Blockchain transaction ID, including the following.

Watching Delayed Transactions

If a transaction is delayed and not done, you must follow its status with the Transaction ID. If you can find your transaction in Block Explorer and see its details, you can determine whether your transaction was completed or failed.

Providing Proof of Sending

Suppose you shop online from a store and pay with cryptocurrencies. The seller will sometimes ask you for a transaction confirmation receipt, for which you will need a Transaction ID based on which to search for the transaction and deliver it to the seller.

What happens if I can’t find the transaction in Block Explorer?

If your transaction is not found in Block Explorer, you should first check if you performed the transaction on the identical blockchain or if another blockchain accepted your transaction?

Suppose you are looking for a TXID of a Bitcoin transaction, but you have made your purchase with Bitcoin Cash. So you can not find the transaction in Block Explorer.

What happens if I send the transaction to the wrong address?

One of the biggest problems in digital currencies due to decentralization is that if you mistranslate a transaction to another address, it will be challenging to return it.

If you have done your transaction in a blockchain with a robust support system and you have proof that you have sent the transaction to the wrong address, the support system may return the transaction to you. Technically, with some wallets and their support system, you can return bitcoins that have been misplaced.

If you send bitcoins to the wrong address without the use of exchanges or unique wallets, there is, unfortunately, no way back, as there is no centralized system for controlling the transactions you send.

Another problem is that if you send bitcoins to the wrong address and you do not know what wallet it belongs to, it is possible that the address does not belong to anyone, and your bitcoin will disappear altogether.

However, if you mistakenly send to the address of a generous and kind enough person to return the bitcoin sent to you, you will succeed. Of course, this event is improbable to happen.

Therefore, before making any transaction, check the recipient’s address twice to avoid any problems. This eliminates the need for days of running to get your bitcoins back.

Conclusion

Each transaction has a transaction ID in its blockchain through which various transaction information can be received. This information is crucial to track the transaction and provide evidence to the seller accepting the digital currency payment system. The transaction Id in each blockchain is a hash code that has many uses.