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« Cryptocurrency 101: Guide for beginners after Bitcoin, Ethereum and other cryptos »
Because the world is becoming more and more digital, cryptocurrency has become a popular alternative to traditional financial systems. Thanks to over 5,000 different cryptocurrencies trading on stock exchanges around the world, it can be overwhelming for new investors moving around the complex market.
One of the most important factors that should be taken into account when buying or investing in cryptocurrency is its total supply. This applies to the maximum number of coins that will ever exist, and this is a key aspect of determining whether a given coin has a good chance of increasing value in time.
For example, the total supply of Bitcoin was limited to 21 million by its creator, Satoshi Nakamoto, when in 2009 the first blockchain Bitcoin block was extracted. However, the total supply of Ethereum is much higher, but it is estimated that 120 million coins that will ever exist.
So how do you follow your cryptocurrency resources? One popular option is to use a digital wallet. The digital portfolio is basically a program that allows you to store and manage cryptocurrencies on a computer or mobile device.
Some popular digital wallets are a metamask, wallet coins and Trust wallet. These wallets provide a safe way to store and send coins, as well as to monitor the portfolio performance in real time.
Here are some of the key functions to be sought when choosing a digital wallet:
* Safety : Look for a wallet that uses advanced security measures, such as two -component authentication and encryption.
* Ease of use : Choose a wallet that is easy to configure and use, with a friendly interface and bright instructions.
* Exchange Support
: Consider a wallet that supports many exchanges, enabling easy buying, selling and coins trading.
Some popular digital wallets for beginners include:
- Metamask: A popular choice from cryptocurrency enthusiasts, Metamask offers a wide range of functions, including built -in exchange and the ability to win prizes by setting.
- Coinbase wallet: Coinbase wallet is another popular option, offering advanced safety measurements and an easy -to -use interface.
- Trust portfolio: This Korean portfolio offers a user -friendly interface and advanced security measures, which makes it a great choice for beginners.
In addition to digital portfolios, there are also several tools that can help track cryptocurrency resources. One of the most useful is coins that allows you to monitor the prices of various coins in real time.
Track coins offer a number of functions, including:
* Real -time price updates : Get immediate access to current prices for all main cryptocurrencies.
* Market analysis : Use advanced charts and charts to analyze market trends and make informed investment decisions.
* Alerts
: Configure notifications when coins reach certain price levels or milestones.
Some popular coins are:
- Coinigy: a comprehensive platform that offers price updates in real time, market analysis and notification.
- Cryptocompre: Another popular coin that offers advanced functions, including built -in portfolio exchange and integration.
To sum up, cryptocurrency is a complex and rapidly developing field, but with appropriate tools and knowledge you can successfully navigate it. Understanding the total delivery by following your farms and using digital portfolios and tracking coins, you will be on the right track to become a certain and conscious investor of cryptocurrencies.