Home Blog

Crypto Calculator

0
Crypto Profit Calculator

Cryptocurrency is a decentralized form of digital currency that operates using blockchain technology. With the rise of the crypto market, making informed investment decisions has become increasingly important. 

There is a vast amount of data relating to cryptocurrency since it developed out of the online and digital world. While traditional financial markets and products existed long before computers, the internet, and digitization, cryptocurrency is a recent invention and naturally lends itself to online tools to support its use. 

Calculators have become an essential tool in the crypto industry, providing users with various essential functions to help them make better decisions. These calculators calculate different aspects of cryptocurrencies, such as mining profitability, price, and transaction fees.

This article will explore exactly what a crypto calculator is, its features and benefits, how to use it, and the different types of crypto calculators. We will also introduce the crypto calculator tools we provided here at PlasBit. 

What Is a Crypto Calculator?

A crypto calculator, usually online, processes mathematical calculations to help someone transact, trade, or invest in cryptocurrency.

It is a labor and time-saving device that processes complex and lengthy mathematical data faster and more efficiently than a human could if relying on mental arithmetic or manual calculations alone. It would be nearly impossible to do more than a handful of simple calculations each day if not for the existence of crypto calculators. 

Even simple price conversion calculations can become hard to track if you are potentially analyzing and comparing hundreds or even thousands of different cryptocurrencies. Most crypto enthusiasts and regular users will know the current dollar value of the tokens they are most familiar with. For example, they may have 1 Bitcoin (BTC) stored in their PlasBit crypto wallet and know it’s worth around $20,000. However, this individual would likely have more difficulty figuring out how much Japanese Yen (JPY) would equal 1 BTC at any given time. 

Types of Crypto Calculators

Several types of crypto calculators are available, each with unique features. Some of the most common types of crypto calculators include portfolio trackers, profit calculators, and mining calculators.

Crypto Calculator 

A crypto calculator is a tool that helps users calculate the value of their cryptocurrency holdings in real-time. It considers the current market price of the cryptocurrency and the amount of the cryptocurrency held by the user to give an estimated value of the holdings.

To use a crypto price calculator, the user inputs the amount of cryptocurrency held and selects the cryptocurrency from a drop-down list. The calculator then pulls the current market price of the cryptocurrency from an API and multiplies it by the amount of cryptocurrency held to give the estimated value of the holdings.

Some crypto price calculators also allow users to input the purchase price of the cryptocurrency, and the calculator will calculate the percentage gain or loss on the investment.

Crypto price calculators are helpful for investors who want to keep track of the value of their cryptocurrency holdings. They provide a quick and easy way to calculate the value of holdings without manually looking up the current market price of the cryptocurrency. Many crypto price calculators are available online, some are free, and some require a subscription. 

A crypto price calculator is a powerful tool for investors who wish to stay up-to-date on the value of their cryptocurrency holdings. It provides a fast and straightforward way to calculate the value of holdings and can help investors improve their decision-making when buying or selling cryptocurrency.

Crypto Profit Calculator

A crypto profit calculator is a tool that helps users calculate the profit or loss they have made on their cryptocurrency investments. It considers the purchase price, the current market price, and any fees associated with the transaction to give an estimated profit or loss.

To use a crypto profit calculator, the user inputs the amount of cryptocurrency bought, the purchase price, and the current market price. The calculator then calculates the percentage gain or loss on the investment and provides an estimated profit or loss.

Some crypto profit calculators consider any transaction fees associated with buying or selling the cryptocurrency. This can give a more accurate estimate of the profit or loss made on the investment.

Crypto profit calculators are helpful for investors who want to keep track of the profitability of their cryptocurrency investments. They provide a quick and easy way to calculate the profit or loss made on investments without manually calculating the figures.

Mining Calculator

A crypto mining calculator is a tool that helps miners determine the profitability of their cryptocurrency mining operations. It considers various factors, including the cost of equipment, electricity, and mining pool fees, to provide an estimated profit or loss.

To use a crypto mining calculator, the user inputs the hash rate of their mining equipment, the power consumption in watts, and the cost of electricity per kilowatt-hour. The calculator then calculates the estimated daily, weekly, and monthly earnings based on the current market price of the mined cryptocurrency.

Some crypto-mining calculators also consider the cost of mining equipment and any mining pool fees associated with the operation. This can give a more accurate estimate of the profitability of the mining operation.

Crypto mining calculators are helpful for miners who want to keep track of the profitability of their mining operations. They provide a quick and easy way to calculate the potential profit or loss of mining a particular cryptocurrency.

Overall, a crypto mining calculator is a valuable tool for miners who want to stay informed about the profitability of their mining operations. It provides an efficient way to calculate the potential profit or loss of mining a particular cryptocurrency. It can help miners decide which cryptocurrency to mine and when to sell.

Factors to consider when choosing a Crypto Calculator

Choosing the right crypto calculator can be confusing, as many options are available. In addition, a good crypto calculator must provide accurate information and be user-friendly. Here are our recommended factors to consider when choosing a crypto calculator:

  • Supported cryptocurrencies: The first factor to consider is the number of cryptocurrencies the calculator supports. Some calculators only support popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, while others support a wide range of digital assets. At PlasBit, we believe a more comprehensive range of cryptocurrencies is preferable, so our calculator provides this for our users.
  • Exchange rates: The exchange rate is crucial in determining your cryptocurrency holdings’ value. A good crypto calculator should provide real-time exchange rates from reputable exchanges. This will help you get an accurate value of your cryptocurrency holdings.
  • User interface: The user interface should be easy to use and navigate. A good calculator should have a clean and organized layout that makes it easy for users to input the necessary data and get the desired results.
  • Accuracy: The accuracy of the calculator is paramount. A good calculator should provide accurate, up-to-date information to help users make informed decisions.

Example: How To Use a Crypto Calculator

  1. Select the cryptocurrency you want to calculate: The first step is to choose the cryptocurrency you want to calculate. Most crypto calculators support cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple.
  2. Input the amount of cryptocurrency you hold: Once you have selected the cryptocurrency, you need to input the amount of the cryptocurrency you hold. This will help the calculator determine the current market value of your holdings.
  3. Calculate the value of your holdings: After inputting the amount of cryptocurrency you hold, the calculator will determine the current market value of your holdings. This will give you an indication of how much your investment is worth in real-time.

Using our PlasBit crypto price calculator, you can also view the value of your selected cryptocurrency in other global currencies. For example, you might want to see the Canadian Dollar (CAD) value of your 1 BTC crypto holding. 

In addition, if you wish to add our calculator to your website, you can do so by embedding our useful Crypto Calculator widget. Our developers can even help design and embed the widget so you can share this powerful tool with your visitors for maximum effect. 

Maximizing Profits With a Crypto Calculator

Using a crypto calculator can be a valuable tool to maximize profits in the cryptocurrency market. A crypto calculator provides real-time exchange rates, which assist investors in making informed decisions about buying, selling, or holding their cryptocurrency assets. Using accurate exchange rate information, investors can capitalize on market fluctuations and buy or sell at the most favorable prices.

Another way that a crypto calculator can help maximize profits is by providing information about portfolio performance. For example, a crypto calculator can help investors identify the best-performing cryptocurrencies in their portfolio and adjust their investment strategy accordingly. Additionally, some crypto calculators offer additional features such as compound interest and tax calculations, which can assist investors in maximizing their returns and minimizing their tax liabilities, respectively.

Using a crypto calculator can also help investors minimize risk and avoid losses. By providing accurate and up-to-date information, a crypto calculator can help investors make informed decisions about buying or selling their cryptocurrency assets, reducing the likelihood of making costly mistakes.

Conclusion

A crypto calculator is a valuable tool for anyone investing in cryptocurrency. It helps you make informed investment decisions, manage risk, and save time. When choosing a crypto calculator, exploring factors such as accuracy, ease of use, and additional features is essential. With the right crypto calculator, you can maximize your crypto investments and achieve your financial goals.

Try out our crypto trading tools, such as the PlasBit crypto calculator, and discover how they can help you maximize your crypto investments.

Crypto RSS News

0
Crypto RSS News

We know how important it is to stay up-to-date with the current news and trends in the crypto industry. However, with so much information available, it can be overwhelming to keep track of everything. This is where a crypto RSS news widget comes in handy. This article will explain a crypto RSS news widget or tool, its benefits, how to choose the right one, and how to use it effectively.

Introduction to Crypto RSS News

RSS stands for Really Simple Syndication. It’s a way to receive updates from websites and blogs without visiting them manually. Crypto RSS news tools allow you to subscribe to multiple news sources and receive updates in one place. 

Crypto RSS news tools are an excellent way to stay up-to-date with new developments in cryptocurrency. These tools offer many benefits to traders, investors, and enthusiasts alike.

Benefits of Using a Crypto RSS News Widget

Not only does using a crypto RSS news tool save you time and make it easier to stay informed, but it also provides a range of other benefits as follows:

  • Stay Informed on the Latest Developments: One of the primary benefits of using a crypto RSS news tool is that it lets you stay informed on the latest developments in cryptocurrency. Keeping up with the news can be challenging with many coins, tokens, and projects. RSS news tools allow you to quickly scan headlines and summaries of articles to determine what news is relevant to you fast.
  • Save Time: Another benefit of using a crypto RSS news tool is that it can save you time. Rather than spending hours scouring the internet for relevant news articles, you can add the RSS feed of your favorite news outlets to your tool and have all the news delivered to you in one place. This frees up time for other essential tasks, such as analyzing market trends and making investment decisions.
  • Make Informed Decisions: By staying informed on the latest developments in cryptocurrency, you can make more informed investment decisions. RSS news tools can help you identify trends and patterns in the market that might not be apparent otherwise. This allows you to decide better which coins and tokens to invest in and when to buy and sell. At PlasBit, our crypto widgets must empower users to build their knowledge and make better decisions.
  • Find New Investment Opportunities: Crypto RSS news tools can also help you find new investment opportunities. By staying up-to-date on the latest news and developments, you can identify promising projects that might not yet be on your radar. This can give you a significant advantage over other investors not using RSS news tools to stay informed.
  • Gain a Competitive Edge: Using a crypto RSS news tool can also give you a competitive edge in the market. You can make trades and investments before others react by being among the first to know about breaking news and emerging trends. This can help you stay ahead of the game and maximize your profits.
  • Access a Wide Range of Sources: Another benefit of using a crypto RSS news tool is accessing various sources. Rather than relying on a single news outlet or website, you can add RSS feeds from multiple sources to your widget. This allows you to get a more comprehensive view of the market and identify trends and patterns that might not be apparent from a single source.
  • Customize your News Feed: Most crypto RSS news tools allow you to customize your news feed to suit your specific needs and interests. You can choose which sources to follow based on the topics you wish to focus on. This allows you to tailor your news feed to your unique interests and stay informed on the news that matters most.
  • Stay Secure: A crypto RSS news tool can help you stay secure and informed. With so many scams and fraudulent projects, knowing which projects are legitimate and which are not can be challenging. By staying informed on the latest developments and trends, you can better protect yourself from scams and make more informed investment choices.

How to Choose the Right Crypto RSS News Tool

Many crypto RSS news tools are available, so selecting the best one is vital. Here are some factors to consider:

  • User Interface: Make sure the tool has a user-friendly interface that is easy to navigate.
  • Customization: Look for a tool that allows you to customize which sources you subscribe to and only displays the ones most relevant to you.
  • Cost: Some tools are free, while others require a subscription. Consider your budget when choosing your tool or widget. At PlasBit, we provide free access to our crypto RSS news widget to users or visitors if they wish to share it on their website.
  • Trusted Provider: Ensure that your crypto widget provider is an authentic company in the crypto industry. Explore their website and offering and research to ensure you can trust them to provide your stream of crypto news.

Setting up your Crypto RSS News Widget

Once you’ve chosen a crypto RSS news widget, it’s time to set it up. The exact steps will depend on the tool you’ve chosen, but here are some general steps:

1. Subscribe To Sources: Choose which sources you want to subscribe to. Many tools will have a search or dropdown function to make this easier.

2. Customize: If the tool allows for customization, you can ensure it presents the data in the way that works best for you. For example, with our PlasBit crypto RSS news widget, you can customize the number of displayed cards, scroll direction, background color, and text color.

3. Add Widget Code: Finally, you should be able to quickly access the HTML code used to generate and display your customized crypto RSS news feed. This can be added wherever you want to view the data in your selected format. 

Understanding Crypto RSS News Feeds

When you subscribe to a source using a crypto RSS news tool, you will receive updates in a news feed. This is a list of articles or blog posts from that source. Each feed will include the article’s title, a summary, and a link to the full article. Understanding how to read and interpret these feeds is vital to get the most from your new tool.

When scrolling through your news feed, remember the titles and summaries. This will give you a great idea of what the article is about. Then, if something catches your eye, click the link to read the full article. You can also save or bookmark articles to read later or share them with others.

Stay Informed with Trusted Crypto News

Staying informed regarding the latest news and developments in the cryptocurrency market is crucial for traders and investors. However, with the abundance of online information, choosing trusted news sources for a crypto RSS feed is essential. Here are a few reasons why:

  • Accuracy: choosing trusted news sources ensures accuracy. The cryptocurrency market is highly complex and constantly evolving, and it’s essential to have reliable sources that can provide accurate information. By choosing trusted news sources, traders and investors can be confident that the information they receive is verified and trustworthy. In addition, reliable sources typically have a reputation for accuracy and are less likely to provide false or misleading information.
  • Credibility: This is important when choosing news sources for a crypto RSS feed. Credible sources are more likely to provide reliable and unbiased information. These sources have a reputation for being trustworthy, and traders can be confident that the information they receive is based on facts rather than opinions or biases. Choosing credible sources also helps to mitigate the risk of falling victim to fake news or scams, which can be prevalent in the cryptocurrency market.
  • Timely Information: This is crucial in the fast-paced cryptocurrency market. Choosing trusted news sources ensures traders and investors receive timely and up-to-date information. Reliable sources are more likely to provide breaking news and updates in real-time, enabling traders to make informed decisions quickly. This is especially important in a market where prices can fluctuate rapidly.
  • Objectivity: Another factor to consider when choosing news sources for a crypto RSS feed. Trusted news outlets strive to provide objective and unbiased information. This is essential for traders, allowing them to make decisions based on facts rather than opinions or biases. Objective sources are less likely to promote specific coins or projects and are more likely to provide a balanced perspective on the market.
  • Security: This is important when choosing news sources for a crypto RSS feed. The cryptocurrency market is vulnerable to security threats like phishing scams and hacking attacks. Trusted news sources are more likely to take security seriously and provide secure channels for delivering news and information. Traders and investors can reduce their risk of falling victim to these attacks by choosing reliable and secure sources.

Using a crypto RSS news tool is a great way to stay informed about the latest news in the cryptocurrency industry. However, it’s important to remember that not all news sources are equal. Some sources may be biased or unreliable. Therefore, researching and verifying the information before making any decisions is essential.

Tips for Using a Crypto News Widget Tool Effectively

Here are some tips for using a crypto RSS news tool effectively:

  • Set aside dedicated time to check your news tool each day.
  • Exclude sources that aren’t relevant to you.
  • Save articles to read later if you don’t have time to read them immediately.
  • Share articles with others if you think they would find them interesting.
  • Verify information before making any decisions.

Conclusion

Using a crypto RSS news widget tool is an excellent way to stay current with the latest news and trends in the crypto industry. Consider user interface, customization, notifications, price, and reviews when choosing a tool. Once you have selected a widget, set it up by subscribing to sources, and remember to verify the information before making any decisions.

Use PlasBit’s crypto widgets effectively by spending dedicated time daily, saving articles, and sharing with others.

Crypto Profit Calculator

0
Crypto Profit Calculator

As an established cryptocurrency company, we know how volatile the market can be. Prices can fluctuate significantly in a matter of hours or even minutes, which can make it difficult to make informed investment decisions. That’s where a crypto profit calculator comes in. Using a profit calculator, you can better understand your investments’ potential profits and losses, which can help you make better decisions in the long run.

How Crypto Can Be Profitable

Cryptocurrencies have become a popular investment for many individuals as they offer potentially high returns. The crypto market is well-known for its volatility, creating an opportunity for investors to make significant profits. Here are some ways how crypto can be profitable:

Trading: 

Trading cryptocurrencies involves buying and selling them on exchanges to make a profit. Cryptocurrencies can be highly volatile, and prices can change within seconds, allowing traders to make profits. Traders can generate profits by buying low and selling high or shorting cryptocurrencies. For example, a day trader might buy 1 Bitcoin (BTC) for $10,000 in the morning. A few hours later, the price of BTC increased to $11,000. They decide to sell their BTC at this higher price, which means they’ve made a profit of $1,000 in just a few hours.

Mining: 

Mining cryptocurrencies involves solving complex mathematical problems to validate transactions on the blockchain network. Miners receive rewards in the form of newly-minted coins. An example is Bitcoin mining, which can be profitable, but requires a significant investment in hardware and electricity costs. It is vital to keep track of the initial investment and use the rate of coins mined to project how long it will take to break even and begin making a profit.

Staking: 

Staking involves holding cryptocurrencies in a wallet and validating transactions on the blockchain network. Stakers receive rewards for their efforts in the form of newly minted coins. Staking can require significant research to find the right cryptocurrency and the best staking pool. Crypto staking can be a profitable way to earn passive income. For example, suppose you hold 1,000 units of a cryptocurrency that offers a 5% annual staking reward. In that case, you can earn 50 units of that cryptocurrency annually by storing it in a staking wallet. If the value of that cryptocurrency rises over time, your earnings will also increase. Additionally, some staking platforms offer even higher rewards, ranging from 10% to 20%, which can provide an even higher return on investment.

Investing: 

Investing in cryptocurrencies involves buying and holding them for an extended period. Cryptocurrencies often have a limited supply, and their value may increase as demand grows. Investing requires a long-term mindset and significant research to find the right cryptocurrency. HODLing is one popular cryptocurrency investment strategy that involves buying and holding onto a cryptocurrency for the longer term, regardless of short-term price fluctuations. The word “HODL” comes from a typo of “hold” in a Bitcoin forum post and has since become a popular meme in the crypto community. The idea behind HODLing is that, over time, a well-chosen cryptocurrency will increase in value, providing a high return on investment. You might even be HODLing Bitcoin, Ether, or Litecoin in your PlasBit anonymous crypto wallet. Either way, this strategy requires patience and accepting the need to ride out market volatility. Still, it can be a profitable way to invest in the cryptocurrency market for those who believe in the long-term potential of a particular coin.

One of the primary reasons why investors are drawn to cryptocurrencies is the potential for significant profits in a short amount of time. In addition, cryptocurrencies are not bound by the same regulations as traditional investments, creating a more volatile market prone to sudden price changes. This volatility creates an opportunity for investors to make significant profits.

Investors can make profits in cryptocurrencies by buying low and selling high. They can also profit by holding onto their investments for an extended period and waiting for the price to increase. However, it is essential to appreciate that the crypto market is volatile, and prices can drop as quickly as they rise.

The potential for crypto profits is significant, but it requires careful research and understanding of the market. Investors who invest wisely and diversify their investments can make considerable profits. 

Why Use a Crypto Profit Calculator?

You might want to use a crypto profit calculator for several reasons. For one, it can help you understand the risks and rewards of a particular investment. By entering the details of your investment, you can see how much profit you stand to make or how much you could potentially lose. This can help you determine whether an investment is worth the risk.

Another reason to use a profit calculator is to better understand your investments’ tax implications. For example, depending on your location, you might need to pay certain taxes on your cryptocurrency gains. A profit calculator can help you estimate these taxes to plan accordingly and avoid any surprises come tax season.

Understanding Crypto Profit Calculators

Before we dive into how to use a profit calculator, it’s vital to understand what they are and how they work. A profit calculator is a tool that helps you estimate a particular investment’s potential profits or losses. To use a profit calculator, you’ll need to enter some basic information about your investment, such as the amount you’re investing, the current price of the cryptocurrency, and any fees associated with the investment.

Once you have input this information, the calculator will crunch the numbers and estimate your potential profits or losses. But again, remember that this is just an estimate and does not guarantee how your investment will perform.

Key Features of a Crypto Profit Calculator

There are a few key features that you should look for when choosing a crypto profit calculator. For one, it should be easy to use and understand. You want to spend less time figuring out how to use a complicated calculator. Additionally, it should be able to handle a wide range of cryptocurrencies and exchanges.

If you are running your website or blog, you may also want the option to add the best crypto profit calculator for your visitors to use. PlasBit provides embed code for our Crypto Profit Calculator widget so it can function effectively on your site. Plus, our developers can assist if you need more help designing or incorporating the calculator widget.

How To Use a Crypto Profit Calculator

Calculating crypto profits requires understanding the basic concepts of cryptocurrency trading and investment. Cryptocurrencies are digital assets traded on various exchanges, and their value fluctuates based on market demand and supply. Here are the steps to calculate crypto profits:

Step 1 – Determine the Initial Investment: 

The first step to calculating crypto profits is determining the initial investment. This includes the money invested in buying the cryptocurrency, any transaction fees, and any costs associated with mining the cryptocurrency.

Step 2 – Determine the Selling Price: 

The second step is determining the cryptocurrency’s selling price. This includes the amount received from selling the cryptocurrency, transaction fees, and costs associated with transferring the cryptocurrency to another wallet or exchange.

Step 3 – Calculate the Profit or Loss: 

To calculate the profit or loss, subtract the initial investment from the selling price. The difference is the profit if the selling price exceeds the initial investment. The difference is the loss if the selling price is lower than the initial investment.

Step 4 – Factor in Taxes: 

Finally, factor in any taxes that may be applicable. Cryptocurrency profits are taxable in many countries, and the tax rate varies based on the country’s laws and regulations.

It is important to note that calculating crypto profits can be complicated due to the volatility of cryptocurrency prices and the various fees associated with trading and investment. Therefore, keeping accurate records of all transactions is advisable, and consult a tax professional for guidance on tax implications.

Using The PlasBit Crypto Profit Calculator

Crypto Profit Calculator is a powerful tool to help you analyze the performance of your crypto investments. It allows you to select a cryptocurrency and input the amount invested before adding the initial and subsequent selling price. You can also input any investment and exit fee for the most accurate profit analysis.

As mentioned above, you can also share the benefits of this crypto profit calculator by adding it as a widget on your website.

Factors to Consider When Using a Crypto Profit Calculator

While a profit calculator can be helpful, there are a few things to remember. For one, remember that the estimate provided by the calculator is just that – an estimate. Researching and making decisions based on your risk tolerance and investment goals is essential.

Additionally, keep in mind that the cryptocurrency market can be highly unpredictable. Prices can change rapidly, impacting the accuracy of a profit calculator’s estimate. Finally, remember that cryptocurrency always has risks, so never invest more than you can afford to lose.

Benefits of using a Crypto Profit Calculator

There are many benefits to using a crypto profit calculator. For one, it can help you make more informed investment decisions by better understanding a particular investment’s potential profits and losses. Additionally, it can help you plan for taxes and avoid any surprises come tax season.

Using a profit calculator, you can also track the performance of your investments over time. This can be helpful if you have a diverse portfolio and want to see how your assets perform. Finally, using a profit calculator can help you avoid making impulsive investment decisions based on emotion rather than logic.

Conclusion: Making Informed Crypto Investment Decisions With a Profit Calculator

A crypto profit calculator can be a valuable tool for anyone who is invested in cryptocurrency. By providing you with a better understanding of the potential profits and losses of a particular investment, a profit calculator can help you make more informed investment decisions.

However, it’s important to remember that a profit calculator is just one tool in your investment arsenal. You should always do your research and make your own decisions based on your own risk tolerance and investment goals. 

Nevertheless, using a profit calculator with other investment tools and strategies can increase your chances of making smart, profitable investments in cryptocurrency. So you can start today by using our free Profit Calculator and exploring our other PlasBit crypto widgets.

Crypto Coin List

0
Crypto Trading Tools Free

If you are tired of constantly checking different websites to keep up with the latest crypto prices, then PlasBit has the answer. Look no further than a crypto coin list widget. This handy tool provides real-time updates on the prices of various cryptocurrencies. This article will examine what makes an excellent crypto coin list, its unique benefits and features, and how to choose the best one.

Benefits of Using a Crypto Coin List Widget

One of the core benefits of using a crypto coin list is that it saves time and effort. Instead of manually checking the prices of different cryptocurrencies on various websites, a crypto coin list widget consolidates all the information in one place. This way, you can quickly and efficiently track your favorite cryptocurrencies’ prices without switching between tabs constantly.

Another benefit is that a coin list can help you make better investment decisions. By keeping track of the latest prices, you can identify trends and patterns in the market. There are different elements to this price data which we shall explore individually.

Coin List Features Explored

In cryptocurrency, investors use various tools and indicators to make informed decisions about when to buy or sell a particular asset. An effective coin list should incorporate several of these so you can access and act on this data speedily and efficiently. As with any investment, it is vital to research and use various indicators to make the most informed decisions possible.

PlasBit crypto coin list widget provides accurate price information and data on 24-hour price change, volume, market capitalization, and a graphic representation of the 7-day chart. This provides users with essential cryptocurrency data at-a-glance and all in one place. 

24-Hour Change in the Crypto Coin List

The 24-hour change is an important metric because it lets users quickly assess a particular asset’s volatility. For example, suppose a cryptocurrency has experienced a significant increase in price over the past 24 hours. In that case, it may indicate strong demand for that asset and that it could be a good investment opportunity. Conversely, if a cryptocurrency has experienced a significant price decrease, it may signal a lack of demand or negative factors affecting the asset.

In addition to providing insight into the volatility of a particular cryptocurrency, the 24-hour change can also be used alongside other indicators to make more informed decisions as to when to buy or sell. For example, if a cryptocurrency has experienced a significant increase in price over the past 24 hours and shows a strong upward trend on a longer-term chart, it may be an excellent time to buy. Conversely, suppose a cryptocurrency has experienced a significant decrease in price over the past 24 hours and is also showing a definite downward trend. In that case, it may be an excellent time to sell.

The 24-hour change is a crucial tool for cryptocurrency investors to use in their analysis. Providing insight into the volatility of a particular asset can help investors make more informed decisions about when to buy or sell. 

Crypto List Feature: 24-Hour volume

In the world of cryptocurrency trading and analysis, the 24-hour volume is an important metric that provides valuable insight into the liquidity of a particular digital asset. The 24-hour volume refers to the total amount of a cryptocurrency trading in the past 24 hours, expressed in the cryptocurrency’s native units.

The 24-hour volume is an important metric because it gives investors an idea of the demand for a particular cryptocurrency. If a cryptocurrency has a high 24-hour volume, many buyers and sellers are interested in trading that asset. This can be a positive sign for investors because it indicates that the cryptocurrency is popular and has much liquidity, making it easier to buy and sell at a fair price.

On the other hand, if a cryptocurrency has a low 24-hour volume, it may be more challenging to buy and sell that asset at a fair price. In addition, low trading volumes can also make it more challenging to assess the actual market value of a particular cryptocurrency, as there may be fewer trades to analyze.

In addition to providing insight into the liquidity of a particular cryptocurrency, the 24-hour volume can also be used to identify trends and patterns in the market. For example, suppose the 24-hour volume of a cryptocurrency has been steadily increasing over the past several days or weeks. In that case, it may indicate a growing interest in that asset and that its price could increase.

A 24-hour volume is essential for cryptocurrency investors to use in their analysis. By providing insight into the liquidity of a particular asset, it can help investors make better decisions about when to buy and sell. 

Using Market Cap Data in Your Crypto Coin List

Market capitalization, or market cap, is a widely-used metric in the cryptocurrency market that provides investors with insight into the overall value of a particular cryptocurrency. The market cap of a cryptocurrency is calculated by multiplying its current price by its circulating supply.

Market cap is an essential metric for cryptocurrency investors because it measures an asset’s overall value. A high market cap may indicate that a cryptocurrency is widely adopted and has a large user base, which can be a positive sign for investors. Conversely, a low market cap may indicate that a cryptocurrency is still relatively new or is not widely adopted, which can be a warning sign for investors.

In addition to providing insight into the overall value of a particular cryptocurrency, the market cap can also be used to compare the relative values of different cryptocurrencies. For example, if two cryptocurrencies have similar prices, but one has a much larger market cap, it may indicate that the more prominent cryptocurrency is more widely adopted and has a more significant user base.

Investors can also use the market cap to identify potential investment opportunities. For example, suppose a new cryptocurrency is released with a low market cap but has a unique value proposition or technology. In that case, it may be a good investment opportunity if it gains traction and its market cap increases.

Market cap is a valuable tool for cryptocurrency investors to use in their analysis. By providing insight into the overall value of a particular cryptocurrency and allowing for comparisons between different cryptocurrencies, the market cap can help investors decide on their portfolio allocations and trades.

Coin List: 7-Day Chart Analysis

A 7-day chart is an essential tool used in cryptocurrency price analysis. It provides investors with a visual representation of a cryptocurrency’s price movements over the past seven days. This allows investors to identify trends and patterns in the market and make more informed decisions about when to buy or sell

The 7-day chart is handy because it provides a longer-term perspective on a cryptocurrency’s price movements. While shorter-term charts, such as hourly or daily charts, can help identify short-term trends, the seven-day chart provides a broader market view. It allows investors to see how a cryptocurrency’s price has been trending.

Investors can use the 7-day chart to identify support and resistance levels and critical market sentiment indicators. Support levels are price points where a cryptocurrency’s price has historically tended to bounce back up. In contrast, resistance levels are price points at which a cryptocurrency’s price has traditionally tended to drop. By identifying these levels on the seven-day chart, investors can make more informed decisions about when to buy or sell.

The 7-day chart can also be used to identify the trends in trading volume mentioned earlier. For example, if a cryptocurrency’s trading volume has increased over the past seven days, it may indicate a growing interest in that asset and that its price could be about to move up. In contrast, if a cryptocurrency’s trading volume has steadily decreased over the past seven days, it may indicate less interest in that asset, and its price could be about to drop.

A 7-day chart is a valuable tool for cryptocurrency investors to use in their analysis by providing a longer-term perspective on a cryptocurrency’s price movements in an accessible and visual way. Our PlasBit crypto coin list widget includes the chart as a visual representation that can be hovered over to reveal individual price areas during the period. 

How To Choose the Right Crypto List Widget for Your Needs

Choosing the right crypto coin list widget depends on your needs and preferences. Some factors to consider include the number of cryptocurrencies you want to track, the level of customization you require, and the additional features you need.

  • Coin Selection: There are now tens of thousands of different cryptocurrencies and different tokens, so it makes sense to have a focus when it comes to using a crypto coin list. Since they influence the overall market, it is essential to include Bitcoin (BTC) and Ether (ETH) in most cases. Look for a price list of the most popular and largest cryptocurrencies for you to select from.
  • Range of Features: A practical coin list widget will provide additional data types besides the cryptocurrency price. These include 24-hour volume, 24-hour price change, and market capitalization. It should also be customizable so you can use it to match your specific requirements. 
  • Reliability of Provider: It is vital to be sure of the reputation and reliability of the widget provider. Look for providers with a strong track record of providing accurate, up-to-date information and responsive support.
  • Widget Cost: Consider any cost of using a coin list widget. While some providers, like us as PlasBit, offer free widgets, others may charge a fee for access to additional features or premium support. Ensure you are not paying for freely available tools to use and share with your website visitors.

Conclusion

A crypto price list widget is valuable for anyone interested in cryptocurrency investing. By consolidating all the latest price information in one place, this tool can save time and effort, help you make informed investment decisions, and keep you up-to-date with the latest trends in the crypto world. 

By selecting and using our PlasBit crypto widgets and customizing them to your preferences, you can take your crypto investing to the next level.

Crypto Price Ticker

0
Crypto Price Ticker

Cryptocurrency has recently become one of the most popular and dynamic investment forms but comes with high volatility. Prices can fluctuate dramatically in a matter of hours or days, making it crucial to monitor them regularly. PlasBit understands the importance of keeping track of the prices of various cryptocurrencies. 

With the volatile quality of the cryptocurrency market, it is vital to have a reliable source of information to make informed investment decisions. Price tickers are a popular tool many investors use to track different cryptocurrencies’ prices. In this article, we will examine and explore the role of the price ticker, its features, and its benefits, and share some tips on how best to use a price ticker for your crypto investments.

The Importance of Monitoring Crypto Prices

Our approach at PlasBit empowers individuals to embrace the concept that ‘knowledge is power.’ This is undoubtedly the case when understanding the importance of cryptocurrency prices. Here are some of the best reasons why we think it is essential to monitor crypto prices:

  • Identify Market Trends: Investors can monitor crypto prices by identifying trends and patterns. This can help them to make informed investment decisions based on the present state of the market. If the market is trending downwards, investors can decide to sell or hold onto their assets.
  • Mitigate Risk: Monitoring crypto prices can help investors mitigate risk. The cryptocurrency market is highly volatile, so monitoring prices and making decisions is essential. If an investor sees a sharp drop in the price of a particular cryptocurrency, they may choose to sell to avoid further losses.
  • Avoid Scams: The cryptocurrency market is largely unregulated, making it vulnerable to scams and fraudulent activities. Investors can avoid potential scams and fraudulent activities by staying current on prices. For example, if an investor sees an offer for a cryptocurrency at a meager price, they may suspect that it’s a scam and avoid investing in it.
  • Identify New Opportunities: Hundreds of cryptocurrencies are on the market, and new ones are constantly being developed. By monitoring crypto prices, investors can identify new opportunities and invest in new cryptocurrencies before they become widely adopted. This can lead to significant profits if the new currency takes off.
  • Stay Ahead of the Curve: The cryptocurrency market constantly evolves, with new technologies and trends always emerging. By staying informed on prices and trends, investors can stay ahead of their competitors and make more profitable investments.

Monitoring crypto prices is essential for investing in cryptocurrencies. It can help investors to identify market trends, mitigate risk, avoid scams, identify new opportunities, and stay ahead of the curve. As a result, investors can make better decisions and maximize their returns by keeping an eye on prices and staying informed.

Introduction to Price Tickers in Crypto Investments

Before diving into the details of choosing the best crypto price ticker, let’s first understand what a price ticker is and its importance in crypto investments.

A price ticker is a tool that displays the current market price of a particular cryptocurrency. It is a powerful tool for anyone who wants to invest in the crypto market since it provides real-time information on the prices of different cryptocurrencies. Price tickers are available in many forms, from websites to mobile apps, and can be accessed from various devices.

Benefits of Using a Crypto Price Ticker

Using a price ticker has many benefits for crypto investors. Firstly, it provides real-time information on the prices of different cryptocurrencies, allowing investors to make informed investment decisions. Secondly, it helps investors track their investments’ performance over time. Finally, it enables investors to monitor the crypto market’s performance, providing valuable insights into market trends and potential investment opportunities.

Features To Consider When Choosing a Crypto Price Ticker

When choosing a price ticker, several features must be considered to ensure you get the best tool for your investment needs. Here are some of the critical elements to look out for:

  • User Interface: The user interface is essential when choosing a price ticker. A good price ticker should have a simple and intuitive interface that is straightforward to use and navigate. It should also be customizable to allow users to set up their preferences and view the required information.
  • Price Accuracy: Price accuracy is another vital feature when choosing a price ticker. A good price ticker should provide accurate and up-to-date information on the prices of different cryptocurrencies. This information should be sourced from reliable data providers and updated in real-time to provide users with the most accurate information possible.
  • Availability: The availability of a price ticker is also an essential feature to consider. A good price ticker should be accessible from multiple devices, including desktop computers, tablets, and smartphones. It should also be available in various languages to cater to a global audience.
  • Shareability: A valid price ticker should be accessible to many people. At PlasBit, we provide a fully customizable widget that allows website owners and developers to add our price ticker to their site or blog. Our developers are also on hand if any help is needed to integrate the price ticker on your site effectively. This way, your visitors can receive the same benefits of staying up-to-date with current crypto prices. 

Types of Crypto Price Tickers Available

Several crypto price tickers, each with unique features and functionality, are available in the market. The following are some of the popular kinds of price tickers available:

  • Website-based price tickers: These are the most common price tickers available. They are accessible from any web browser and provide real-time information on the prices of different cryptocurrencies. They are easy to use and provide users with a wealth of information on the crypto market’s performance.
  • Mobile app-based price tickers: These price tickers are designed for use on smartphones and tablets. They provide users with real-time information on the prices of different cryptocurrencies and can be customized to suit individual preferences. In addition, they are convenient and allow users to monitor the crypto market on the go.
  • Desktop-based price tickers: These price tickers are designed for use on desktop computers. They provide users with real-time information on the prices of different cryptocurrencies and can be customized to suit individual preferences. They are ideal for users who prefer to monitor the crypto market from their desktop computers.

PlasBit crypto price ticker is viewable across all devices, and we can assist in ensuring it both looks great and works effectively if you want to display it on your website.

Best Crypto Price Ticker Uses for Different Types of Crypto Investors

Different investors have different needs when it comes to using price tickers. The following are some of the best strategies for using price tickers for different types of crypto investors:

  • Beginner investors: A simple, easy-to-use price ticker is ideal for beginner investors. Our PlasBit price ticker provides real-time information on the prices of different cryptocurrencies. It’s easy to use and gives users a wealth of information on the crypto market’s performance. Beginner investors should focus on understanding the prices and price movement of the top 20-30 cryptocurrencies. This allows them to build a solid foundation of knowledge about the prices of the most popular tokens and projects. 
  • Advanced investors: For advanced investors, a price ticker is a vital tool for making in-depth analyses and gaining market insights. Experienced investors often set up a price ticker to cover a more significant number of cryptocurrencies or focus on a small group of less popular tokens in which they actively invest. They may also use a price ticker to monitor tokens that can indicate a change in general market trends. For example, a price change across several smaller market cap projects could indicate a new stage in a broader crypto market cycle. 
  • Day traders:  Crypto-day traders buy and sell cryptocurrencies quickly, usually within the same day. Day traders aim to capitalize on small price movements and make quick profits. However, the activity requires high skill and knowledge of the cryptocurrency market. Therefore, a price ticker with accurate data is ideal for day traders. Our PlasBit price ticker gives users accurate price data and is fully customizable. It’s a perfect tool for day traders who want to stay on top of the crypto market’s performance.
  • Long-term investors: A price ticker is valuable for long-term investors. This type of investor may have their investments safely stored in a crypto wallet and not intend to sell them for a long time. However, they are also likely to regularly add to their portfolio, so using a price ticker allows them to spot new long-term investment opportunities. Long-term investors also benefit from price tickers indicating when a broader trend change might be occurring that could influence their ongoing strategy. For example, a 20% price change in Bitcoin (BTC) or Ether (ETH) may indicate a broader market shift that is important for a long-term investor to be aware of. 
  • Crypto Website Owners: As many investors become crypto enthusiasts, they may often branch into running their crypto website or blog. This is where using a crypto price ticker that can be shared can be very useful. Our PlasBit crypto price ticker can be added as a widget to your website, providing valuable price data to your visitors to enhance their experience. 

Conclusion

Choosing the best crypto price ticker for crypto investments is essential in making informed investment decisions. By considering the features and functionality of different crypto price tickers, investors can choose the best tool for their needs. In addition, with the crypto widgets we provide at PlasBit, you can monitor the crypto market’s performance, identify market trends, and make informed investment decisions.

Crypto Mining Calculator

0
Crypto Mining Calculator

Many people venture into crypto mining to invest and make profits. However, mining cryptocurrencies can be a challenging task, especially when it comes to determining profitability. This is where a crypto mining calculator comes in handy. In this article, we at PlasBit will cover all of the required knowledge about crypto mining calculators and how to use them to maximize your profits. 

Crypto Mining Calculator: What Is It?

A crypto mining calculator is a widget or tool that helps miners calculate the profitability of mining cryptocurrencies. It considers various factors such as the hash rate, power consumption, pool fees, and difficulty level, among others, to estimate the potential profits that can be made from mining.

A calculator is essential for miners as it helps them decide which cryptocurrency to mine and the mining equipment to use. With the correct information, miners can determine whether a cryptocurrency is worth the effort, time, and resources.

What Is Crypto Mining?

Before we look deeper, it is vital first to understand what crypto mining is. Crypto mining is the process that involves the verification of transactions on a blockchain network and then adding them to the blockchain ledger. The process involves solving complex mathematical algorithms using high-powered computers called mining rigs.

In exchange for verifying transactions, miners are rewarded with new coins, which can be sold for fiat currency or held as an investment. The mining process is crucial to the cryptocurrency ecosystem as it ensures the security and integrity of the network.

How Does Crypto Mining Make Money?

Crypto mining is a profitable venture. However, the money that can be generated depends on numerous factors, such as the mining equipment used, electricity costs, and the value of the mined cryptocurrency.

For example, Bitcoin, the largest cryptocurrency, has a finite supply of 21 million coins; currently, about 18.5 million are in circulation. As the supply reduces, mining difficulty increases, making mining new coins more challenging. However, this scarcity increases the value of Bitcoin, making it a valuable asset to hold or sell.

Once coins are mined, they can be transferred, sold, or stored, for example, in our PlasBit crypto wallet. 

Benefits of Using a Crypto Mining Calculator

Using this type of calculator has numerous benefits, including:

  • Accurate Profitability Estimates: A crypto mining calculator provides accurate estimates of potential profits that can be made from mining different cryptocurrencies. The calculator considers various factors, including the hash rate, power consumption, pool fees, and difficulty level, to estimate the potential profits that can be made from mining.
  • Helps Miners Choose the Right Mining Equipment: Using a calculator allows miners to choose the right mining equipment based on the potential profits that can be made. The calculator estimates the amount of cryptocurrency that can be mined using different mining equipment, making it easier to make an informed decision.
  • Saves Time and Resources: Mining an unprofitable cryptocurrency can waste time and resources. Using a crypto mining calculator, miners can determine whether mining a particular cryptocurrency is worth the effort, time, and resources.

Example: Using A Crypto Mining Calculator for Bitcoin (BTC)

To illustrate how to use this type of calculator, let’s consider Bitcoin (BTC), the most popular cryptocurrency.

First, you need to input the hash rate of your mining equipment, which is the speed at which your mining equipment can solve complex mathematical algorithms. You can locate this information on the manufacturer’s website or by using mining software.

Next, you need to enter the power consumption of your mining equipment, which is the amount of electricity your mining equipment uses. Again, you can find this info on the manufacturer’s website or using a wattage meter.

You also need to input the cost of electricity in your area and the pool fees charged by the mining pool you are using. The calculator will then estimate the potential profits that can be made from mining Bitcoin.

Remember, storing your mined Bitcoin will not incur a cost if you use a crypto wallet like that provided by us at PlasBit.

Importance of Keeping Track of Crypto Profits

Recording your crypto profits is crucial as it helps you to track your investments and make informed decisions about future investments. In addition, by keeping track of your profits, you can determine which cryptocurrencies are profitable and which are not worth investing in. Keeping crypto profits also helps you determine your tax liability, as taxes are payable on crypto investments. Keeping track of your crypto profits using a mining calculator is one aspect of the economic freedom we promote at PlasBit.

Choosing the Best Crypto Mining Calculator

When choosing a mining calculator, it’s essential to consider the following factors:

  • Accuracy: One of the most relevant factors to consider when choosing a calculator is the accuracy of the data used to make the calculations. The calculator should consider the current difficulty level, block reward, and exchange rate of the cryptocurrency you intend to mine. It should also consider the power consumption and cost of electricity in your location. An inaccurate mining calculator can lead to overestimating profits and investing in expensive hardware that may never pay for itself. On the other hand, underestimating profits may lead to missed opportunities to maximize profits. Therefore, it is crucial to choose a mining calculator that is reliable and accurate.
  • Ease of Use: When choosing the best crypto mining calculator, it is vital to consider the ease of use. A user-friendly interface that is uncomplicated to navigate and understand can make a significant difference in the accuracy of the calculations generated by the mining calculator. A complex mining calculator with a problematic user interface can lead to calculation errors and may even discourage users from using it altogether. A mining calculator that is easy to use and understand can help users make informed decisions about their mining ventures and can increase the accuracy of the calculations. Moreover, a user-friendly mining calculator can save time and effort for those using it, allowing them to focus on other aspects of their mining operations. A simple and intuitive interface can help users quickly input data and receive accurate calculations without spending much time learning how to use the calculator. In addition, an easy-to-use mining calculator is more accessible to a broader range of users. This can benefit experienced miners and beginners who may not have as much detailed knowledge of the mining process.
  • Availability of Information: This is essential when selecting the best calculator. Mining operations require accurate data to make informed decisions, and a reliable mining calculator must provide up-to-date information to ensure profitable ventures. The availability of information ensures that miners have access to the latest market prices, mining difficulty, and other critical metrics required to make informed decisions. A mining calculator that provides real-time data can help miners stay ahead of market fluctuations and adjust their mining operations accordingly. This ensures that they can maximize their profits and avoid losses. Moreover, a mining calculator that provides detailed information on electricity costs, pool fees, and other expenses associated with mining can help miners calculate their net profits accurately. Additionally, the availability of information can save time and effort for users. Finally, a good mining calculator should provide all the necessary information on a single platform, making it easy for users to access, assess and act on the data. This removes the need to search for relevant information from multiple sources, a process that can be time-consuming and confusing.

PlasBit knows that choosing the best mining calculator is essential. It can be the significant difference between successful and unsuccessful mining ventures. Therefore, always research and choose the most accurate mining calculator to ensure a profitable mining experience.

Top Tips: Using a Crypto Mining Calculator

Here are just a selection of our favorite tips to maximize your profits when using a crypto mining calculator:

  • Use the Latest Information: Ensure you use the latest information when inputting data into the calculator. This includes the current price of the cryptocurrency, hash rate, power consumption, and pool fees.
  • Consider the Mining Difficulty: The mining difficulty of a cryptocurrency determines how challenging it is to mine new coins. Therefore, when using a calculator, consider the mining difficulty as it affects the potential profits that can be made.
  • Keep an Eye on Electricity Costs: Electricity costs can significantly affect the profitability of mining. Therefore, we recommend monitoring electricity costs and investing them using a crypto mining calculator.

 Conclusion

A crypto mining calculator is essential for miners as it helps them make informed decisions about which cryptocurrency to mine and the mining equipment to use. In addition, the calculator provides accurate estimates of potential profits that can be generated from mining different cryptocurrencies, making it easier to maximize profits.

When choosing a calculator, it is crucial to ensure that it is accurate, user-friendly, and provides all the necessary information to make informed decisions about mining different cryptocurrencies. With the correct information, mining cryptocurrencies can be a profitable venture.

WHEN DID BITCOIN START?

0
BITCOIN START

No one knows who the creator of Bitcoin is. It is only known that the individual or group uses the name Satoshi Nakamoto. Some even speculated that this is a pseudonym instead of the person’s name. In this article, we will discuss the history of Bitcoin itself; when did Bitcoin start? What do you need to know going into Bitcoin? How to better store your Bitcoin? How to transfer your Bitcoin without a hitch?

While your quest for knowledge about when did Bitcoin start led you to this article, and since it talks about the world’s first cryptocurrency, we must look into what cryptocurrencies are. As well as quickly browse through general knowledge before answering the question of when Bitcoin started. This will make the rest of the article easy to absorb.

WHAT IS CRYPTOCURRENCY?

Cryptocurrency is a digital currency that uses cryptography to secure and verify transactions and control the creation of new units. Cryptography is the practice of obtaining communication and data from unauthorized access. It involves encoding information so that someone with the correct key can access it.

Cryptocurrencies are decentralized, meaning it is free of any central authority like banks and the government, so it usually goes unchecked, and it would be vulnerable to hacking, theft, and other types of virtual attacks; luckily, the cryptography used in cryptocurrency transactions is so strong it is virtually impossible to hack. That being said, it is the transactions that can’t be hacked.

Still, cryptocurrency payment platforms can be attacked, and your cryptocurrencies can be stolen. However, some highly rated cryptocurrency payment platforms use cold storage where users’ funds are stored offline and insured as well, and this counters any risk of a cyberattack. If you want to know how cold storage works, check out our blog article. But for now, we must move on and answer this article’s central question: When did Bitcoin start?

WHEN DID BITCOIN START?

The most well-known and most invested cryptocurrency is the pioneer itself, Bitcoin. Since its creation, the world has witnessed a revolution with the acceptance of cryptocurrency and the emergence of different cryptocurrencies. Even with over a thousand cryptocurrencies, it has come a long way and is still above others. Are you curious? When did Bitcoin start exactly?

Before Bitcoin officially started, the creator released a paper outlining the basic principles of Bitcoin titled Bitcoin: A peer-to-peer Electronic Cash System released on the 31st of October, 2008. In the whitepaper were the explanations for peer-to-peer networking, which is the basis of Bitcoin itself, and its use of cryptography to secure transactions stating that it was a decentralized currency free from third-party authorities, allowing individuals to transact with each other freely.

On the 3rd of January, 2009, Satoshi Nakamoto mined the genesis block of Bitcoin, that is, the very first cryptocurrency to be mined. To answer another related question, when did Bitcoin start mining publicly? Not long after the genesis block of Bitcoin, the first open-source Bitcoin client was released on the 9th of January of the same year. The open-source Bitcoin client allows everyone to mine Bitcoin but at the cost of high energy usage.

Now that you know when Bitcoin started, who first mined Bitcoin, and when did Bitcoin start mining publicly, we must discuss equally essential contents to the article about when Bitcoin started, such as wallets.

STORING YOUR BITCOIN

After mining your Bitcoin, you need to have it stored in a wallet to use it. In cryptocurrency, a wallet can either be software or hardware. It is a digital application (software) or device (hardware) that allows you to store, send, and receive digital assets (cryptocurrencies). Choosing a wallet that fits your needs and security requirements is essential, and this is because the security of your cryptocurrency storage is a top priority.

SOFTWARE WALLETS

Software wallets are applications that can be downloaded into your computer or mobile devices, providing easy access to your cryptocurrencies. However, it still poses a security risk since it can be hacked if not properly secured. That aside, your computer can be infected with viruses or malware, which may compromise a lot of information, including your private key.

Also, this software is generally provided by third-party, and of course, they, too, have access to your private key; then, there is the issue of bugs and glitches in the system. Accessibility apart, software wallets, as mentioned online, are digital and online; as such, you can always count on the developers to update their website, which might mean many benefits in security and ease of transactions.

Maintenance of software wallets is also inexpensive; more like you don’t have to pay at all, except for the charges when it comes to transfers. Most hardware wallets also support different currencies; you can sort, manage, and transfer cryptocurrencies using the same software wallet. In short, while it has advantages in that you can easily access your cryptocurrencies, there are many risks to consider.

HARDWARE WALLETS

Cold storage is a method of storing Bitcoin and other cryptocurrencies in an offline environment, and a hardware wallet is a type of cryptocurrency wallet that holds cryptocurrencies offline. They are physical objects; as such, they are not connected to the Internet, nor do they need to be connected to the Internet to work. This implies that hardware wallets are free from cyberattacks, hacking, viruses, and malware infections. In other words, their design, by default, helps to add an extra layer of security to your cryptocurrencies.

It should also be stated that most hardware wallets are multi-currency-supportive. You can store, manage and spend several different cryptocurrencies in a single hardware wallet. As previously mentioned, hardware wallets are physical objects; they can come in various forms and must be used alongside a computer. Hardware wallets are said to be the most secure wallet type. Although it may be better because, unlike software wallets, hardware wallets need to be physical, and there is a risk of losing or being destroyed. You can’t access your wallet as easily as a software wallet user can.

With many reasons to choose a hardware wallet, we must also inform you of its disadvantages. The most prominent one is the chance of it getting lost or damaged. Hardware wallets are physical, so they can be misplaced or damaged by being careless. There is also a lack of accessibility, as they can only be used with a computer; it is not suitable for users who move their cryptocurrencies around a lot, unlike the software wallets that can be accessed anywhere as long as you have the Internet.

Although you can back up and restore your hardware wallet in the case of theft or getting spoilt, this method is generally best for those with a substantial amount of cryptocurrency in their possession and who wish for optimal security. Also, these people mostly don’t plan on moving their cryptocurrency around frequently. Then again, it is up to users to choose accessibility or security.

Now you have learned how to store your Bitcoin safely. Nothing else matters except securing your hard-earned currency; now, how do you use this hard-earned currency?

HOW TO TRANSFER BITCOIN WITHOUT A HITCH

Transactions with Bitcoin are made using transfers whereby two parties will be involved. The sender will require the recipient’s wallet address, specify the amount of Bitcoin to be sent, choose the transaction fee, and send Bitcoin. On average, a Bitcoin transfer can take some time to complete, ranging from minutes to a few hours, and in some cases, it might take several hours. Then you have to beware of the high fees that some wallets charge.

Let’s not start with a software glitch that may happen if there was traffic at the time of the transfer; you could lose your Bitcoin, and the transaction still won’t process. So, always stick with the wallet that you trust. Transfers are guaranteed to be completed on the same day for most wallets. In the case of exceptions, you can easily track your transactions. That being said, if you are into transacting with Bitcoin, it is necessary to be updated with the different cryptocurrency prices. One of the most notable features of cryptocurrencies like Bitcoin is that it is highly volatile, and the price fluctuates so much that they can go through multiple changes daily.

Staying current with the latest prices keeps you from making losses whenever you transfer, preventing you from overpaying and underselling. For users who mainly trade with Bitcoin, you can build your trading strategies around the price change and make many gains quickly. While for investors and risk takers, being up to date with the coin prices can allow you to decide whether to hold/or trade your coin as soon as possible to prevent yourself from running into any loss. Checking for the prices online on a trusted website is a viable option, but we recommend you try our prices and charts to get up-to-date prices on different cryptocurrencies.

PLASBIT WALLET

PlasBit wallet is a convenient way to store cryptocurrencies. Storing your Bitcoin with PlasBit is also very safe as we make risk assessments in the cryptocurrency world and promptly adjust our security system. PlasBit wallet can hold multiple cryptocurrencies, and while it is not a hardware wallet, users’ funds are stored offline for maximum security. Users can still access it using their private keys and biometric authentication. Even better if you are using the PlasBit card for your crypto transaction.

PLASBIT CARDS

With our platform, you can lock and unlock your cards instantly, which can help you control your spending. As an added accountability and security measure, you get your transaction history and notifications whenever you transact with your PlasBit crypto debit card. Talk about ease of finance. You only need to use your card as usual, as you go through a conversion process once you load the card. Converting your crypto into usable fiat sets you off to start paying using your PlasBit card.

CONCLUSION

Coming to the end of this article answering when Bitcoin started, Some things need to be repeated. There are advantages and disadvantages of using a software wallet and a hardware wallet. Since the start of this article, we have emphasized the importance of securing your Bitcoin. The security of your Bitcoin should be your utmost priority, as there is more and more Bitcoin being mined, and we are gradually getting closer to the 21 million hard caps. Why not take steps toward securing your Bitcoin today? There has been the emergence of thousands of coins since the coming of Bitcoin. Likewise, countless developers have ventured into making your cryptocurrency transactions easier, each with its perks. You might be wondering when Bitcoin started for all these to have been put in place, but we tell you, 14 years is a very long time for many things to happen. So, we will take a neutral stand by telling you to choose a wallet that satisfies you. Remember to search around; there is no lack of online wallets, so don’t just choose the first one you see and explore a bit.