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That’s an excellent question. The first step in starting is choosing a good exchange to cooperate with. You will want to choose an exchange that runs fast and cares about its customers.
Most big exchanges have been involved in a scandal or two, including poorly handling recovery from hacks (and imposing unfair recovery programs), unresponsive or slow customer service, shutting down accounts without adequate notice, insider trading and market manipulation, flash crashes, scalability issues and website malfunction when market prices are at their highest - the list goes on.
The platform you should use also depends on your needs. There are exchanges that serve different purposes:
Entry-level exchanges
Alternative coin exchanges
Over the counter (OTC) marketplaces
Entry-level exchanges
Depends where you are located and what currency you’re operating in. In Thailand it’s BX, in Canada it’s Quadrigacx, in Europe the trusted and reliable exchange is Bitstamp which is also one of the first large exchanges that adopted the Segregated Witness (SegWit)
If you’re wondering why SegWit is important, this soft fork of Bitcoin increases the block size which would significantly reduce transaction fees and also make the network a lot faster. Coinbase and Binance are the only big exchanges left that are not ready to deploy SegWit which has been ready since end of August, although Coinbase has said they have plans to do so.
Question is, how come Bitstamp was able to get on the wagon quite quickly with other exchanges following in suit. Rumors on the web posit Coinbase doesn’t want lower fees as Bitcoin’s high fees form a significant part of its revenue (there is no information from Binance).
We have experienced slow transactions and high fees during the last month and it makes you wonder how much better things could have been handled on Coinbase, an exchange that is one of the few gateways to Bitcoin for Americans, if the exchange had deployed the soft fork and speed up the jump to SegWit.
OTC Marketplace
OTC marketplaces are a valued gateway to buying Bitcoins. LocalBitcoins, one of the oldest Bitcoin marketplaces in the industry, operates globally. Coinbase supports only 32 countries to date.
LocalBitcoins uses Escrow to securely release the buyer’s money to the seller once the Bitcoins have been delivered to the buyer’s Bitcoin wallet. Transactions are relatively quick, depending on the payment method used of course - of which there are also many, ranging from bank transfer to face to face cash payment.
Disclaimer: a full inventory of scandals major cryptocurrency exchanges have been involved in is out of the scope of this answer and there have been many. I brought attention to some of these that I consider important and relevant to 2017. I encourage everyone to do more research on the exchanges that you plan to use or use already - the information and user experiences are well documented around the web.
Exchanges that have problematic reputation : Coinbase, GDAX, Binance, Bitfinex, Bittrex, Kraken, Poloniex
Exchanges that have a good reputation : Bitstamp, KuCoin, LocalBitcoins
Thank you for your time.
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Lots of people/teams with their "version" of what is a "good" cryptocurrency.
Currently there are only 3 that are worth investing in long-term.
Monero, BTC and Ethereum.
There may be a few more worth a punt on, but I doubt there is anything in it for them long-term.
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Because anyone can make one.
Your correct the vast majority of them will never be used for anything. As for why people buy them. Either they are duped into thinking they will have value at some point or they are basically gambling with them since they are volatile. If you look very far down the list though, you will see that very few actually have much trading volume. Though it's deceptively high right now because we are in the middle of a large bitcoin surge and a lot of people are finding out of about crypto. Check back after it settles down and you will see very little actual trading on coins below the top 20.
Very simplified summary of the major alt-coins. As some of them do have uses other than as a currency.
Ethereum is for programing digital contacts and probably a lot of other interesting things.
Ethereum Class is an split off of Ethereum that didn't want back peddle transactions to fix a mistake.
Ripple is something weird I don't really understand.
Monero and Dash are offer added anonymity.
Litecoin is just bitcoin with a deferent mining algo (most coins are basically the same thing)
MadiSafeCoin is used to try and create a private internet somehow...
Steem is a monetized social media (think Reddit but where upvotes are coins)
Factom is similar to Ethereum
Dogecoin is an awesome joke.
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Read in detail about project. Very good project  |
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Really like the design and airdrop is simple as that.
Good work guys.
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Reserving the Portuguese bounty!
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Do you want translate your ANN to japanese?
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Do you want translate your ANN to japanese?
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Getting place! Maybe I will invest! looks crazy!
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The project looks quite dignified.
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You can consider this as a big airdrop.
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VERY GOOD PROJECT, I LIKE IT
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when will your ico start?
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Great and Interesting Project
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any eta of exchange listing ?
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Your team is a very strong team
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