Leslie Walton

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

Bitcoin was invented by an unknown person or group of people called Satoshi Nakamoto in 2008 and released as open-source software in 2009.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment.

According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

What Are Bitcoin Fundamentals?

Bitcoin fundamentals are the underlying aspects of the bitcoin protocol that allow it to function as a decentralized peer-to-peer electronic cash system. These fundamentals include the Bitcoin network’s consensus rules, its decentralized nature, and its cryptographic security.

NOTE: WARNING: Investing in Bitcoin is highly speculative and involves a high degree of risk. Before investing, you should carefully consider your objectives, level of experience, and risk appetite. Bitcoin is a digital asset and its value can be volatile. As such, you should be aware that the value of your Bitcoin could drop significantly over a short period of time. Additionally, it is important to understand the fundamentals of Bitcoin before investing since this can help you better assess the risks associated with investing in Bitcoin.

The Bitcoin network’s consensus rules are what allow it to function properly as a decentralized peer-to-peer system. These rules define how new bitcoins are created (through mining), how transactions are verified and added to the blockchain, and how users can access their bitcoins.

Without these rules, the Bitcoin network would not be able to function properly or securely.

The decentralized nature of the Bitcoin network is another one of its key fundamentals. Because there is no central authority controlling the network, it is resistant to censorship and fraud.

This decentralization also makes the Bitcoin network more resilient to attack; if one part of the network goes down, the rest can continue functioning normally.

Finally, the cryptographic security of the Bitcoin protocol is what allows users to trust that their bitcoins will remain safe and secure. The math behind cryptography is complex, but essentially it allows users to prove that they own certain bitcoins without having to reveal their identity or location.

This allows for a completely secure and private way of conducting transactions on the Bitcoin network.

Coinbase, Exchanges

Can I Invest in Coinbase?

Leslie Walton September 1, 2022 9:01 pmJanuary 10, 2023

Coinbase is often recommended as a good place to start when buying cryptocurrencies. It is one of the most popular exchanges online, and it has been around since 2012.

Coinbase allows you to buy and sell cryptocurrencies, as well as store them in a wallet on the site. You can also use Coinbase to buy goods and services with cryptocurrency, or pay for other things online.

Coinbase is a safe and secure platform to use, and it is regulated by the US government. This means that your money is protected and you are able to get help from customer service if you need it.

Coinbase is also one of the most user-friendly exchanges, which makes it a good choice for people who are new to cryptocurrencies.

NOTE: Warning: Investing in Coinbase can be risky as cryptocurrency prices are highly volatile and can go up or down quickly. Research the currency you want to invest in, read reviews, and talk to other investors before investing. Additionally, understand the risks associated with trading cryptocurrency, such as security concerns and regulatory uncertainty.

Coinbase does have some drawbacks, however. The fees on Coinbase are higher than some other exchanges, and it can be difficult to get money out of your account if you want to cash out your profits.

Overall, Coinbase is a good choice for people who want to buy cryptocurrencies and don’t mind paying a bit more for the convenience.

If you’re thinking about investing in cryptocurrencies, Coinbase is a good option to consider. It’s safe, user-friendly, and regulated by the US government.

However, fees on Coinbase are higher than some other exchanges, so you’ll need to factor that into your decision.

Binance, Exchanges

Can I Buy Crypto With Fiat on Binance?

Leslie Walton September 1, 2022 9:00 pmJanuary 9, 2023

This is a common question asked by those looking to get into the cryptocurrency market. The simple answer is yes, you can buy crypto with fiat currency on Binance.

We will explore the process of doing this below.

Binance is a leading cryptocurrency exchange that offers a platform for trading more than 100 different digital assets. Binance is known for its low trading fees, fast transaction speeds, and robust security measures.

In order to buy crypto with fiat on Binance, you will first need to create an account and verify your identity. Once you have done this, you will be able to deposit funds into your account via bank transfer or credit/debit card.

NOTE: WARNING: Cryptocurrency trading on Binance is a high-risk activity. Buying cryptocurrency with fiat (regular currency) on the Binance platform can be extremely volatile and may result in significant financial losses. Before engaging in any cryptocurrency trading activity, you should carefully assess the risks associated with it, including the potential for loss of funds.

Once your funds have been deposited, you can then use them to buy any of the supported cryptocurrencies.

The process of buying crypto with fiat on Binance is simple and straightforward. However, it is important to note that the prices of cryptocurrencies are highly volatile and can rise and fall at any time.

As such, you should always exercise caution when investing in any digital asset.

In conclusion, yes, you can buy crypto with fiat currency on Binance. The process is simple and only requires a few minutes to complete.

However, as with all investments, you should always exercise caution when buying cryptocurrencies.

Binance, Exchanges

Can I Buy MRPH on Binance?

Leslie Walton September 1, 2022 8:59 pmJanuary 9, 2023

As of right now, you cannot buy MRPH on Binance. However, there is a way to buy MRPH indirectly on Binance by first buying BTC or ETH on Binance and then using those funds to buy MRPH on another exchange.

The best way to do this is to first buy BTC or ETH on Binance using a credit or debit card. Then, once you have your BTC or ETH, you can transfer it to another exchange that supports MRPH trading.

NOTE: Warning: Buying MRPH on Binance is not advised as it is still in the development phase and may not be a reliable investment. Investing in any cryptocurrency carries a high level of risk and you should only invest what you can afford to lose. Please do your own research and make sure that you understand the risks associated with investing in MRPH before making any decisions.

At the time of writing, the only exchange that supports MRPH trading is Uniswap.

To do this, simply create a wallet on Uniswap and connect it to your Binance account. Then, you can use your BTC or ETH to buy MRPH directly on Uniswap.

Once you have your MRPH, you can either hold onto it or trade it for other cryptocurrencies on Binance.

Assets, Ethereum

How Do You Get Exposure to Ethereum?

Leslie Walton September 1, 2022 8:59 pmJanuary 9, 2023

If you’re interested in Ethereum and want to get exposure to the asset, there are a few things you can do. You can buy Ethereum directly with fiat currency or via a cryptocurrency exchange.

Alternatively, you can trade Ethereum CFDs through a broker.

If you want to buy Ethereum directly, you’ll need to find a reputable exchange that offers the asset. Once you’ve found an exchange, you’ll need to create an account and deposit funds.

Once your funds have arrived in your account, you can then place an order to buy Ethereum.

NOTE: WARNING: Investing in Ethereum can be risky and may result in the loss of some or all of your money. Before investing, it is important to do your own research and ensure that you understand all the risks associated with investing in Ethereum. Furthermore, it is important to be aware of any scams or scams related to Ethereum investing. Finally, it is important to remember that no investment is guaranteed and you should never invest more than you can afford to lose.

If you want to trade Ethereum CFDs, you’ll need to find a broker that offers the asset. Once you’ve found a broker, you’ll need to open and fund an account.

Once your account is funded, you can then begin trading Ethereum CFDs.

You can also get exposure to Ethereum through investments such as ETFs or trusts. These products track the performance of Ethereum and offer investors exposure to the asset without having to directly purchase it.

No matter how you choose to get exposure to Ethereum, it’s important to do your research and understand the risks involved. Cryptocurrencies are volatile assets and can fluctuate in value rapidly.

Make sure you know what you’re doing before investing any money.

Coinbase, Exchanges

Will VeChain Be Listed on Coinbase?

Leslie Walton September 1, 2022 8:59 pmJanuary 10, 2023

As one of the largest and most popular cryptocurrency exchanges in the United States, Coinbase has been responsible for helping to onboard millions of new crypto users. So, when a new coin is added to Coinbase, it often leads to a significant price increase as investors and speculators buy in, expecting the coin to be added to Coinbase Pro (the exchange’s more advanced trading platform) and/or Coinbase Consumer (the exchange’s retail-focused app).

In June 2018, Coinbase announced that it was exploring the addition of five new assets to its platform, including Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). Of those coins, only ADA and BAT have been added to Coinbase Pro so far.

This leaves three coins still in limbo: XLM, ZEC, and ZRX. And of those three, XLM seems like the most likely candidate to be added to Coinbase in the near future.

Here’s why.

1. Stellar Has a Strong Use Case

One of the main criteria that Coinbase looks at when considering adding a new asset is whether or not that asset has a strong use case. And Stellar definitely has a strong use case.

NOTE: This question is often asked but there is no definitive answer as of yet. Coinbase has not made any announcements regarding listing VeChain, and it is uncertain when or if VeChain will be listed. Additionally, Coinbase has strict requirements for listing coins and tokens, so even if VeChain does meet the requirements, there is no guarantee that Coinbase will list the asset. Therefore, any speculation about VeChain being listed on Coinbase should be taken with caution and should not be taken as a guarantee that VeChain will be listed on Coinbase in the future.

Stellar is designed for facilitating cross-border payments. The network uses a distributed ledger to track who owns what assets and allows users to exchange those assets quickly and cheaply.

That makes it ideal for use cases like international money transfers, micropayments, and even cross-border trade financing.

2. Stellar Is Backed by a Strong Foundation

Another important criterion that Coinbase looks at is whether or not an asset is backed by a strong foundation. And again, Stellar passes this test with flying colors.

Stellar was founded by Jed McCaleb, who also co-founded Ripple (XRP). McCaleb is one of the most well-known and respected figures in the crypto space, so it’s no surprise that Stellar has such a strong foundation.

In addition to McCaleb, the Stellar Development Foundation (SDF) is also supported by big names like Stripe CEO Patrick Collison, WordPress founder Matt Mullenweg, and Y Combinator president Sam Altman.

Binance, Exchanges

Can I Buy Celsius on Binance?

Leslie Walton September 1, 2022 8:58 pmJanuary 9, 2023

Celsius (CEL) is a decentralized lending and borrowing platform that allows users to earn interest on their cryptocurrency holdings and borrow cash without selling their crypto. CEL tokens are the native currency of the Celsius network and are used to pay interest on loans, unlock higher lending and borrowing rates, and participate in community governance. Binance is a global cryptocurrency exchange that offers a platform for trading more than 100 cryptocurrencies.

Binance Coin (BNB) is the native currency of the Binance platform. BNB is used to pay fees on the Binance exchange and can also be used to book hotel rooms and other travel services through the TravelbyBit partnership. You can buy Celsius (CEL) on Binance by following these steps:.

1. Create a Binance account.

2. Deposit Bitcoin (BTC) or Ethereum (ETH) into your account.

3. Go to the “Exchange” page and select the “Basic” trading interface.

4. Enter “CEL/BTC” or “CEL/ETH” in the search bar and select the desired trading pair.

5. Enter your order details in the “Buy CEL” section and click “Buy CEL” to place your order.

You can also buy Celsius (CEL) on Binance by following these steps:

NOTE: Warning: Binance does not currently offer the purchase of Celsius (CEL) tokens. Investing in any digital asset carries a risk, and you should always research the asset before investing. It is possible that Celsius tokens may be available for purchase on Binance in the future, but at this time it is not available on their platform.

3. Go to the “Futures” page and select the “Perpetual Futures” tab. Enter “CEL/USDT” in the search bar and select the desired trading pair. Enter your order details in the “Buy CEL/USDT Futures” section and click “Buy CEL/USDT Futures” to place your order.

Assets, Ethereum

How Do You Bridge Terra to Ethereum?

Leslie Walton September 1, 2022 8:58 pmJanuary 9, 2023

Most people are familiar with the concept of bridging blockchain platforms together. For the uninitiated, a bridge is simply a connection that allows two different blockchains to communicate with each other.

This communication is made possible by the use of so-called “bridge contracts” which are deployed on both platforms and act as intermediaries to relay information back and forth.

The most common use case for blockchain bridges is to allow for the transfer of assets from one platform to another. For example, a user might want to move their tokens from Ethereum to Bitcoin. In order to do this, they would first need to find a bridge that supports this type of transfer.

Once they’ve found a suitable bridge, they would then need to send their tokens to the address specified by the bridge contract on Ethereum. The bridge contract would then mint an equivalent amount of tokens on Bitcoin and send them to the user’s address on that platform.

While this example illustrates how bridges can be used to move assets from one blockchain to another, it’s important to note that not all bridges are created equal. Some bridges only support certain types of assets, while others may be much slower or more expensive to use than others.

NOTE: Warning: Bridging Terra to Ethereum is a complicated and potentially risky process. It involves two separate blockchains, one that is maintained by the Terra team and one that is maintained by the Ethereum team. It also requires a special set of tools and knowledge to understand how to move assets between the two chains. Additionally, it can be difficult to ensure that the bridge is secure, as it is vulnerable to malicious actors who may attempt to steal funds or manipulate the bridge. Therefore, it is highly recommended that you seek professional help or advice before attempting this process.

As such, it’s important for users to do their research before choosing a particular bridge to use.

One popular bridge that has been gaining a lot of traction lately is the Terra Bridge. The Terra Bridge is designed to allow for the transfer of any ERC-20 token from Ethereum to Terra.

In order to use the bridge, users first need to deposit their tokens into a smart contract on Ethereum. Once the deposit has been made, the corresponding amount of tokens will be minted on Terra and sent to the user’s address on that platform.

The main advantage of using the Terra Bridge is that it’s much cheaper and faster than other options currently available. Additionally, the team behind Terra has plans to support even more assets in the future, making it an increasingly attractive option for those looking to move their tokens off of Ethereum.

If you’re looking for a way to move your ERC-20 tokens off of Ethereum, then the Terra Bridge is definitely worth considering. However, as with any new technology, it’s important to do your own research before using it.

This way you can make sure that you’re using a safe and reliable service that meets your needs.

Binance, Exchanges

Will Binance Us Send a 1099?

Leslie Walton September 1, 2022 8:57 pmJanuary 9, 2023

The IRS has not yet released any official guidance on the matter of cryptocurrency and taxes, but that hasn’t stopped people from speculating. There is a lot of confusion out there about whether or not exchanges like Binance will be sending out 1099 forms to their US customers.

The simple answer is that we don’t know for sure. The IRS has been tight-lipped about how they plan to treat cryptocurrency when it comes to taxes, and until they release some official guidance, we won’t know for sure what the rules are.

However, there is some reason to believe that Binance may send out 1099 forms to their US customers. For one thing, Binance is already registered with the Financial Crimes Enforcement Network (FinCEN), which requires them to collect identifying information from their customers.

NOTE: This is not a question that can be answered definitively as different people’s situations may result in different outcomes. It is important to note that Binance US does not provide tax advice and you should consult your own tax advisor before making any decisions regarding your taxes. Additionally, it is important to be aware of the IRS regulations which may require you to report any income earned through cryptocurrency trading. Failure to do so could result in penalties or other consequences.

This information could be used to generate 1099 forms.

Furthermore, Binance has recently taken steps to comply with other US regulations, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) lAWS. Complying with these lAWS would be much easier if Binance were already sending out 1099 forms to their US customers.

Of course, all of this is just speculation at this point. Until the IRS releases some official guidance, we won’t know for sure what the rules are or whether Binance will be sending out 1099 forms.

However, it seems like a pretty good possibility that they will.

Coinbase, Exchanges

Why Is AVAX Not on Coinbase?

Leslie Walton September 1, 2022 8:57 pmJanuary 10, 2023

As one of the largest and most popular cryptocurrency exchanges in the United States, Coinbase is often thought of as a go-to platform for buying and selling digital assets. However, not all cryptocurrencies are available on Coinbase.

One notable absentee is Avalanche (AVAX), a top-50 cryptocurrency by market capitalization that has been gainings buzz and adoption since its mainnet launch in September 2020. So, why is AVAX not on Coinbase?.

There are a few potential reasons. First, Coinbase may simply not have listed AVAX yet because it is a relatively new project.

Second, Coinbase may be waiting to list AVAX until it is available on more exchanges and has more liquidity. Third, and perhaps most likely, Coinbase may be holding off on listing AVAX because it is not yet available on its custody platform.

NOTE: WARNING: Investing in AVAX is a high-risk endeavor. AVAX is not currently on Coinbase and there is no guarantee that it will ever be listed. Investing in AVAX involves a high degree of risk and investors should exercise caution when considering investing in the asset. Before investing, investors should do their own research and consult with a financial advisor to ensure that the investment is suitable for their personal financial situation.

Coinbase Custody is a service designed for institutional investors and requires that assets be stored offline in cold storage. As AVAX is not yet available on Coinbase Custody, it is possible that Coinbase is waiting to list the asset until it can offer this service to its users.

This would make sense given that AVAX is positioning itself as a competitor to Ethereum with its focus on smart contracts and decentralized applications (dApps).

So, while there are a few potential reasons why AVAX is not currently listed on Coinbase, the most likely explanation seems to be that Coinbase is simply waiting for the asset to become available on its custody platform. This could change in the future as Avalanche continues to gain adoption and liquidity, so keep an eye out for any news from Coinbase regarding a potential listing.

In conclusion, the most likely reason why AVAX is not currently listed on Coinbase is that Coinbase Custody does not yet support the asset. However, this could change in the future as Avalanche continues to gain adoption and liquidity.

MoneroV

What Are Bitcoin Fundamentals?

Can I Invest in Coinbase?

Can I Buy Crypto With Fiat on Binance?

Can I Buy MRPH on Binance?

How Do You Get Exposure to Ethereum?

Will VeChain Be Listed on Coinbase?

Can I Buy Celsius on Binance?

How Do You Bridge Terra to Ethereum?

Will Binance Us Send a 1099?

Why Is AVAX Not on Coinbase?

Community

Resources

Categories

Other

Search Website

10 Related Question Answers Found

5 Related Question Answers Found

10 Related Question Answers Found

8 Related Question Answers Found

8 Related Question Answers Found

6 Related Question Answers Found

10 Related Question Answers Found

9 Related Question Answers Found

8 Related Question Answers Found

10 Related Question Answers Found