Cryptocurrency How-To

Get into the amazing cryptocurrency world

Trading is difficult for beginners, but luckily we have Internet and Youtube. There are many videos around, but I found this one, the most helpful.

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A paper wallet is a safe way to keep cryptocurrency off-line. You generate a keypair (public and private), and send funds to the public address. When it is time to spend, you import the private key to an online wallet.

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Hardware wallets, are the safest way to use cryptocurrency, because private keys are kept off-line. This minimizes the risk of stealing from a hacker. A very famous hardware wallet is Trezor. See the video for details.

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How to install and use light wallet Electrum. Electrum does not need to download the blockchain on your computer, because it reads it from the Electrum wallet servers.

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Nowadays, with high transaction fess, because of the confirmation delays, a user, should know how to set his transaction fee. It is very easy, if you look at the video.

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