bitcoin
Bitcoin (BTC) $ 24,132.47 0.01%
ethereum
Ethereum (ETH) $ 1,923.60 1.77%
bitcoin-cash
Bitcoin Cash (BCH) $ 141.96 1.55%
litecoin
Litecoin (LTC) $ 62.31 0.28%
eos
EOS (EOS) $ 1.31 1.22%
monero
Monero (XMR) $ 165.13 3.65%
neo
NEO (NEO) $ 11.97 0.57%
iota
IOTA (MIOTA) $ 0.358939 1.93%
dash
Dash (DASH) $ 55.60 0.50%
zcash
Zcash (ZEC) $ 76.86 3.10%
dogecoin
Dogecoin (DOGE) $ 0.071928 0.81%

How many cryptocurrencies are there?  How much is a crypto coin worth? and What is the best Cryptocurrency? these are the most common asked Questions when talking about Cryptocurrency.

There are almost 6,000 cryptocurrencies in existence today ( we have data of 5778 diffenrent cryptocurrencies).  the Value of the crypto currency is very volatile , this makes it such an interesting financial asset tfor trading and as you see in the table below many people do. Bitcoin is leading the pack but there are many others. 

CryptoCurrencies Guide will take you into the world of Cryptocurrencies with providing you with the Latest News and updates, Forex brokers where to Trade Crypto, Bext Exchanges Price Charts, Trading Opportunities and much more

Top 50 Cryptocurrencies for Trading today
#CoinPriceChangeMarketcapVolume (24h)
1
bitcoin
Bitcoin
BTC
$ 24,132.470.01%$ 461.93 B$ 24.43 B
2
ethereum
Ethereum
ETH
$ 1,923.601.77%$ 231.31 B$ 15.12 B
3
tether
Tether
USDT
$ 1.000.05%$ 67.03 B$ 45.55 B
4
usd-coin
USD Coin
USDC
$ 1.000.03%$ 53.93 B$ 6.31 B
5
bnb
BNB
BNB
$ 324.130.48%$ 52.99 B$ 1.01 B
6
xrp
XRP
XRP
$ 0.3779740.82%$ 18.57 B$ 1.02 B
7
cardano
Cardano
ADA
$ 0.5369760.43%$ 18.19 B$ 523.61 M
8
binance-usd
Binance USD
BUSD
$ 1.000.08%$ 17.67 B$ 5.02 B
9
solana
Solana
SOL
$ 44.643.58%$ 15.55 B$ 1.01 B
10
polkadot
Polkadot
DOT
$ 9.361.25%$ 10.69 B$ 532.63 M
11
dogecoin
Dogecoin
DOGE
$ 0.0719280.81%$ 9.55 B$ 345.86 M
12
avalanche-2
Avalanche
AVAX
$ 29.130.25%$ 8.31 B$ 438.94 M
13
staked-ether
Lido Staked Ether
STETH
$ 1,873.091.92%$ 8.01 B$ 3.42 M
14
shiba-inu
Shiba Inu
SHIB
$ 0.0000131.62%$ 7.39 B$ 347.64 M
15
matic-network
Polygon
MATIC
$ 0.9272560.26%$ 6.90 B$ 292.08 M

Latest Articles

Why Could possibly presumably presumably no longer Nintendo Hiss a Swap Pro?

Why Could possibly presumably presumably no longer Nintendo Hiss a Swap Pro?

0
Nintendo’s next-gen strategy doesn’t include new hardware. They’re losing developers because of this decision. Why doesn’t Nintendo release a Switch upgrade? Nintendo probably has a brilliant plan for this fall. There are rumors of Mario and Zelda remasters, and there’s even a possible Breath of the Wild 2. Do you know what it doesn’t have?…
11,000 Nasdaq Might maybe perchance maybe Be Appropriate the Starting as Market Mania Rages

11,000 Nasdaq Might maybe perchance maybe Be Appropriate the Starting as Market Mania Rages

0
The Nasdaq Composite has gained 22% year-to-date on the back of surging technology plays. The Nasdaq’s biotech component is also surging amid vaccine optimism. Wall Street analysts have identified several Nasdaq-100 stocks with significant upside potential. Combined, they could take the index to new record highs. The technology sector’s epic bull run of 2020 is…
Airline Shares Would maybe maybe maybe Explain 30% Upside Over Next 2 Weeks: Analyst

Airline Shares Would maybe maybe maybe Explain 30% Upside Over Next 2 Weeks: Analyst

0
If history repeats itself, the stock market could have a 30% upside over the next two weeks. Airlines could be one industry to surge. A short squeeze could make airline stocks particularly valuable during another rally. Airline stocks could be setting up for a massive rally in the weeks ahead despite concerns about a second…

YouTube is experiencing an egregious bitcoin hack that no one is fixing

0
Update, August 6 (05:20 am ET) Overnight, a Bitcoin scam livestreamed on Front Page Tech reached over 100,000 viewers, likely faked through botting to push the video onto people's frontpages. As noted by Rene Ritchie, at one point YouTube was recommending the video to users. Jon Prosser has confirmed that the channel's 2FA was "bypassed",…

Bitcoin Price Climbs to $11,200, But Three Factors Hint at a Pullback

0
The price of Bitcoin (BTC) has increased from $10,995 to over $11,200 in the past 12 hours. But while the momentum of BTC also pushed up the price of other top cryptocurrencies, including Ether (ETH), key metrics and technical patterns suggest the chances of a pullback are rising.

Comparing Money Laundering With Cryptocurrencies and Fiat

0
There is no doubt that digital currencies provide benefits for an individual, a company and an institution by facilitating better access to financial products and services. Money laundering costs the global economy between $800 billion and $2 trillion annually, according to a United Nations report. This amounts to 2%–5% of the global gross domestic product.…

9 Ways To Avoid Cryptocurrency Scams | Beware Of Bitcoin Scams

0
Recently there was a huge scam in which Twitter accounts of prominent figures like President Barack Obama, Joe Biden, Elon Musk, Bill Gates, Kanye West, and Michael Bloomberg getting hacked. It was actually a type of cryptocurrency scams where fake tweets were put on their verified accounts to reach a larger audience.

Cryptocurrency Mining Profitability in 2020: Is It Possible?

0
Miner profitability metrics are based on a handful of factors regulating difficulty and emission, which are hard-coded into the blockchain’s attributes, making it predictable to work with. While predictability does not always immediately translate into profitability, it gives a blockchain certain parameters to rely on when predicting when mining cryptocurrency will become profitable, at which…

A comparison of developments in cryptocurrency regulation | Lexology

0
At present, cryptocurrency is widely used as a means of exchange for goods and services, as well as being a tool for raising funds and another option for investment, for example, by raising digital tokens in exchange for cryptocurrency.

Recent OCC Actions Focus Attention on Financial Crime Controls for Cryptocurrency Custody Businesses | JD Supra

0
Two recent actions by the Office of the Comptroller of the Currency (OCC)—one enforcement action and one interpretive note—focus attention on the kinds of anti–money laundering (AML) controls needed for banks to custody cryptoassets while meeting their obligations to fight financial crime. While cryptocurrency does have some unique characteristics that make it higher risk than…
Meghan Markle is a Press Punching Bag However the Duchess Oozes Class

Meghan Markle is a Press Punching Bag However the Duchess Oozes Class

0
Meghan Markle was always “classy.” The British press, unfortunately, is too focused on Markle’s mixed-race & Americanism to notice that, though. A recent report confirms that Markle was not only warm and friendly to her in-laws, but it was also they — especially Kate Middleton — who were haughty and nasty to her. If you…
This Is Why Gold Costs Still Own Big Upside

This Is Why Gold Costs Still Own Big Upside

0
Gold is on a record-breaking rally, and it’s just getting started. The metal’s price usually moves in the opposite direction of inflation-adjusted bond yields. Gold is poised for a bull run because of the weakening dollar, inflation, and government stimulus. Gold has been one of the best-performing assets in 2020. Its price has surged more…

Law Decoded: Tech as an Arena for International Conflict, July 31–August 7

0
Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.  The U.S.–China trade war continues its brazen spillover into tech. In response to concerns over where data from TikTok and WeChat was going, President Trump sent out twin executive orders banning both applications last night.

Richard Stallman: A Discussion on Freedom, Privacy & Cryptocurrencies

0
Dr. Richard Stallman is well-known for his free software movement activism. His speeches and work revolve around a term: freedom. And it is precisely that word that prompted Stallman to launch the GNU Project, founding the Free Software Foundation and releasing the GNU General Public License, among other projects, to promote the free software concept.

Innovate you business with cryptocurrency

0
Despite some cryptocurrencies’ bad reputation, many worldwide businesses are adopting them because of all the benefits they offer. Are you not sure what cryptocurrency is? Cryptocurrency is just a digital currency that relies on encryption technology to transfer value over the internet network. This form of currency operates independently of a banking system and can…

Is Bitcoin halal? Muslim scholars debate the cryptocurrency – Decrypt

0
Whether or not Bitcoin is halal has been a point of contention for many Muslims, as well as several Islamic banks and financial authorities in recent years. This has left many Muslims worried about investing in cryptocurrencies—particularly during times of extreme growth—since they couldn't be sure whether the appreciation of their investment would be considered…

New York Regulator Fast-Tracks 10 Cryptocurrencies | Regulation Bitcoin News

0
The New York State Department of Financial Services has created a Greenlist of pre-approved cryptocurrencies for custody service and listing. Meanwhile, crypto-friendly SEC Commissioner Hester Peirce, also known as Crypto Mom, has been confirmed for another term at the commission.

Cryptocurrency News From Japan: August 2 – August 8 in Review

0
This week’s headlines from Japan included Coincheck readying its digital shareholder meeting solution, GMO Coin announcing negative leverage trading fees, Decurret testing transactions with a power company, Japanese authorities proposing tax changes, and Japanese finance company FISCO developing apps for shareholder voting and staking.
Wall Avenue Downgrades Apple, Nonetheless Robinhooders Pile in Without a Care

Wall Avenue Downgrades Apple, Nonetheless Robinhooders Pile in Without a Care

0
Apple is the flavor of the month on Robinhood. The iPhone maker is splitting its stock at the end of August. Two major Wall Street firms have downgraded the stock. Wall Street is beginning to fall out of love with Apple (NASDAQ:AAPL). Just this month, Bank of America downgraded the stock, assigning a hold rating…
Warren Buffett Blew the Most interesting Quite a whole lot of to Buy Shares in a Decade

Warren Buffett Blew the Most interesting Quite a whole lot of to Buy Shares in a Decade

0
Berkshire Hathaway reported earnings Saturday morning. The company saw revenues slip by 11%, which still beat earnings estimates. Cash levels surged to $142.8 billion as Warren Buffett only made some modest buys and buybacks. During the last financial crisis, Warren Buffett made bank as the lender of last resort. He was able to get some…

What Is a Cryptocurrency?

Cryptocurrencies are digital currencies. They are created using digital cryptography to process transactions and create new “coins.”

Cryptocurrencies like Bitcoin are popular because they are decentralized. In other words, banks and governments don’t control access to the currency. In contrast, fiat currencies are more easily manipulated by governments and banking institutions. There are thousands of alternatives to Bitcoin that are called altcoins.

Cryptocurrencies like Litecoin, Monero, Ripple  and Dash have improved upon Bitcoin’s original model or created differences in their currencies to support niche uses.

Fiat currency is money that a government has declared to be legal tender and is the regular money you know.

What Is Blockchain?

If you’ve heard of cryptocurrency, chances are you’ve also heard the term “blockchain,” since its technology is what makes cryptocurrencies unique and valuable.

In simplest terms, blockchain is a method of storing all Bitcoin transactions in a ledger that’s attached to each and every coin(When we use Bitcoin as an example, for other altcoins it works the same).

From a digital perspective, each block lists transaction details like dates, times, amounts, and traders involved. All of the blocks together are known as a chain, which functions like a publicly-accessible, if encrypted, database.

Blockchain gives structure to the Bitcoin ledger. The ledger is encoded by cryptography so that its contents are insulated from hackers( big slaes point !!).

The use of cryptography also makes it very difficult to almost impossible to forge coins. Pricing the Cryptocurrency Market Cryptocurrencies are a high-risk trading instrument since they are much newer than fiat currencies. That makes their value difficult to predict. Cryptocurrencies may be appropriate for traders who are looking for a high-risk, potentially high-reward trading instrument.

Crypto Market Size

The University of Cambridge conducted two amazing studies on cryptocurrency, the most recent one in 2019. ( atleast that the data what we have , we are looking forward to the latest study thou we assume that Covid also here added to some delay)

    • Over 139 million crypto wallets – Only 38% of wallets (about 52.8 million) are considered active.
    • 52% of crypto companies work 2+ sectors – The number of cryptocurrency companies operating across two cryptocurrency industry sectors or more, giving rise to an increasing number of universal cryptocurrency companies.
    • 84% of providers support more than one coin – Multi-coin support by service providers has doubled since 2017. Over 84% of companies now offer support for several type of coin.
    • 164% growth in numbers of employees – The amount of employees working in the cryptoasset market grew by 164% from 2017 to 2018

Source: 2nd Global Cryptoasset Benchmarking Study (download Link )[University of Cambridge, 2019]

What Drives the Price of Cryptocurrencies?cryptocurrency

Situations that affect cryptocurrencies are typically different from what affects fiat curriencies.

Simultaneous volatility –

The cryptocurrency market is characterized by steep rises and sudden dramatic falls. An interesting quirk of cryptocurrency is definitely that multiple coins tend to rise and fall in tandem.

Attention from the Media –

As a currency hits the news, it is typical to see an influx of fresh traders. This tends to precipitate a rise in value. Early investors may then engage in profit-taking. Other traders panic and a rush to sell ensues, leading to a drop in price.

Future regulation –

The pending prospect of regulation can make cryptocurrency traders bearish.

Coin idiosyncrasies –

Individual currencies are influenced by very particular factors. Keep in mind they are often developed by a company so if facebook gets their currency from the ground properly how the company is doing on other aspects will affect the value of the crypto. If there is a support for that particular Cryptocurrency from the financial sector then you will see a rise  ( for example Ripple )

there are like we mentioned at the top right now over 5500 different cryptocurrencies.

Crypto Regulatory Bodies

Various regulatory bodies around the world make laws that apply to cryptocurrency trading. 

  • Australian Securities and Investments Commission (ASIC)
  • Canadian Securities Administrator (CSA)
  • European Union Cyprus Securities and Exchange Commission (CySEC),Markets in Financial Instruments Directive (MiFID),European Securities and Markets Authority (ESMA)
  • Germany Federal Financial Supervisory Authority (BaFiN)
  • Japan Financial Services Agency (FSA)
  • New Zealand Financial Markets Authority (FMA)
  • Switzerland Financial Markets Supervisory Authority (FINMA)
  • United Kingdom Financial Conduct Authority (FCA)
  • United States Financial Crimes Enforcement Network (FinCEN),Security and Exchange Commission (SEC)

Cryptocurrency Exchanges

One way to Buy crypto is by using a cryptocurrency exchange. there are many out there like Atomexchange, Kraken and many others

With an exchange, you can: Use fiat money to buy tokens (ie, coins) Store cryptocurrency in an electronic wallet and or Trade tokens for different cryptocurrencies that are available on the exchange.

what do you need to look for when you are selecting and exchange to work with?

Fees Associated With Trading

A crypto exchange generates funds primarily through fees. Most investors will want to choose exchanges with low fees. However, some exchanges do offer more features in exchange for higher fees.

Here are the most common types of fees charged by exchanges:

Trade fees:

Usually take the form of a maker or taker fee. Traders are charged a fee to place a trade on the market or to take someone up on a trade. Trade charges can be up to 1% of the transaction, depending on currency pairs or payment method.

Deposit and withdrawal costs:

It’s typically cheaper to deposit cash with an exchange than to withdraw from it. Some exchanges allow you to deposit via a credit card but this typically incurs fees between 3%-5%.

Exchange fees:

These fees are exacted when converting tokens between currencies. The amount of the fee varies based on the currencies involved.

Identity Verification:

Most traders will want to use an exchange that has ID vetting , this is called the KYC protocol ( know your customer ) and is a way for them to stop Money Laundering (AML)  and other illegal activities.

Currency Pairs Offered:

Not all exchanges offer the same currency pairs. Some focus exclusively on a single currency, usually Bitcoin. Other exchanges provide trading across hundreds of alt-coins.

Security:

Make sure you research potential exchanges for elements that make the system safer to use. Factors to consider include: The age, history, and stability of the exchange Scam-prevention Individual trader ratings Reviews and comments from the exchange’s users.

This should give you a very basic Insight in the world of Cryptocurrencies 

Cryptocurrency FAQs

How much does it cost to trade cryptocurrency?

Costs to trade crypto vary widely. Deposit/withdrawal fees, and currency exchange fees. If you choose to trade with a Forex broker instead, you’ll need to look for commissions or spreads .

Is crypto trading still profitable?

It’s impossible to say what the future holds for cryptocurrencies. And even if its long-term trend is upward, it’s still possible to lose large amounts of money via short-term fluctuations in the volatile market.

So although it’s possible to make money by trading cryptocurrency or its derivatives, it’s not easy or safe for the casual trader. 

How do you effectively trade Cryptocurrency?

  1. Only invest what you can lose.
  2. Always pay attention to Bitcoin.( is the one that drives the market)
  3. Never put all your eggs in one basket.( diversify your portfolio)
  4. Don’t be greedy. if you are 5% monthly profit don’t go straight for 20%, you will take too many risks getting there).
  5. Don’t invest blindly.( do your research)
  6. Always learn from your mistakes.( if we just would do this on all aspects of live , but here you can actually measure your mistake).
  7. If you are doing any active trading, set stop losses.( is just common trading sense), 

bitcoin
Bitcoin (BTC) $ 24,132.47 0.01%
ethereum
Ethereum (ETH) $ 1,923.60 1.77%
bitcoin-cash
Bitcoin Cash (BCH) $ 141.96 1.55%
litecoin
Litecoin (LTC) $ 62.31 0.28%
eos
EOS (EOS) $ 1.31 1.22%
monero
Monero (XMR) $ 165.13 3.65%
neo
NEO (NEO) $ 11.97 0.57%
iota
IOTA (MIOTA) $ 0.358939 1.93%
dash
Dash (DASH) $ 55.60 0.50%
zcash
Zcash (ZEC) $ 76.86 3.10%
dogecoin
Dogecoin (DOGE) $ 0.071928 0.81%