Friday, July 25, 2014

What is Cryptocurrency?


Warning!! Stop reading now if you are not a risk takers, as cryptocurrency involved trading and may not be suitable for non risk takers.

"Cryptocurrencies is a digital or virtual currency that uses cryptography for security. It is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency is that it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation make it easier to transfer funds between two parties in transactions; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, enabling users to avoid the steep fees charged by most banks and financial institutions for wire transfers.

A major drawback of cryptocurrencies is that because they are virtual and do not have a central repository, a user’s digital cryptocurrency balance can be wiped out by a computer crash if a back-up copy of the holdings does not exist.

Since prices are based on supply and demand, the rate at which a cryptocurrency can be exchanged for another currency can fluctuate widely." quoted from "http://www.investopedia.com"

Click here to see the current maket price for all major cryptocurrency.

Interested to own some cryptocurrency for free? Listed below are some of the free cryptocurrency faucet to get you started. (You'll need to have Crypto wallet for this...)

Crypto Wallet
  • Xapo (World's most secured Bitcoin Wallet)
  • Block.io (support Litecoin, Dogecoin, and Bitcoin)
  • Coinbase (Bitcoin Wallet)

Exchange, Trade, loan, Invest, Buy / Sell cryptocurrency 
Bitcoin Faucet list

Xapo Faucet (Instant tranfer to Xapo wallet)

Faucet box faucet

Litecoin Faucet list

Dogecoin Faucet list
Coins mining

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