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Digital money based on blockchain technology is often referred to as coins. There is also another name for it: coins. They represent an alternative to fiat money with a higher degree of protection and privacy. The most famous koins are bitcoin, etherium, ripple, as well as several stable coins: Tether, Paxos and others.<\/p>\n
Cryptocurrencies are created on the blockchain. A koin is an asset issued on a particular platform that can already be used to pay for goods or services. The main qualities of digital coins are the anonymity of transactions and a high degree of security in storage.<\/p>\n
Various terms are used in the cryptocurrency market that can be confusing. For example, users confuse koins and tokens. But there is a significant difference between the two. Coin is created on its own blockchain, which confirms the transactions of the asset, ensures its reliability and gives value. This type of coins includes all cryptocurrencies developed from scratch and their forks<\/span> (for example, Bitcoin and Bitcoin Cash).<\/p>\n Tokens do not have their own platform. They function on the blockchains of other cryptocurrencies, so they are dependent. For example, there are a large number of tokens operating on the Ethereum blockchain: OMG, PPT, GALA, and others.<\/p>\n Coins and tokens also differ in their spheres of application. The former are independent digital currencies. They can be used to trade and pay for services. The latter are more often used to raise seed capital in funding rounds and work within the project (for example, for settlements with holders of nodes<\/span> – nodes that perform the task of verifying and transmitting transactions).<\/p>\n Bitcoin still tops the list of high-demand coins. The first cryptocurrency trades above $40k per unit, having come a long way since its inception when it was given for less than $0.01.<\/p>\n BTC is being developed by a group of enthusiasts. Innovations are constantly being introduced into the project. For example, the developers plan to use smart contracts<\/span> on the principle of Ethereum. Bitcoin is digital gold and the price standard for all cryptocurrencies.<\/p>\n The second most popular coin is Ethereum. It is created on the blockchain of the same name. Unlike BTC, Ethereum developers immediately set a goal to make the technology widespread and bring it closer to the realities of the modern economy.<\/p>\n XRP is another well-known project. While competitors are considering adaptation, the cryptocurrency is already on its way to implementation in the real economy. The team is working with a consortium of the world’s leading banks to create a system of fast and reliable transfers.<\/p>\n VK Coin has quickly become popular in the CIS countries. It is a project of the social network of the same name, which allows you to pay for advertising and promotion of your own profile. Tokens can be mined or received as a gift. Officially, VK Coin cannot be withdrawn, but some users sell it to each other and get real money for it.<\/p>\n Coins are bought on exchanges, P2P platforms or in exchanges. There is also another (natural) way to get coins – mining<\/span>.<\/p>\n On trading platforms, anyone can purchase this or that coin through the bid stack. In addition, exchanges allow trading with pending orders<\/span>, which makes transactions even more profitable. But there is a downside – high commission. On some sites it is 3-5% per transaction. The amount will be reduced if you use native tokens of exchanges for payment. On Binance it is BNB, which reduces the cost of operations to 0.25%.<\/p>\n Large platforms ensure the security of transactions and offer a large number of additional tools for trading cryptocurrency.<\/p>\n Digital coins can be bought not only on exchanges. Cryptocurrency exchanges are still in demand in 2024. These services have an intuitive interface and offer fast conversion from one koin to another, as well as to fiat. The standard commission is 1-2% and depends on the direction of exchange.<\/p>\n You can choose a reliable platform and a favorable purchase rate on special monitoring sites. The following services are in the top of CryptoProGuide.com:<\/p>\n The easiest way to buy cryptocurrency is the one in which users exchange tokens directly. There are no commissions to pay for such transactions, but no one is safe from fraud. That is why many people choose P2P platforms (Person-to-Person). These services act as a guarantor of honest transactions and take a small commission for their services (on Binance P2P – 0.05% from the seller and 0.15% from the buyer). Popular platforms in 2022:<\/p>\n To mine digital assets, you can harness the processing power of graphics cards, ASICs, and other hardware while maintaining a network in parallel. GPUs are better suited for home mining of ETH, CFX and other coins because they consume less power, have optimal heat dissipation and do not make much noise.<\/p>\n To mine bitcoins, you need to build a farm of ASIC devices. This is not cheap: one piece of equipment costs more than $1000. However, in the long run, taking into account the growth of BTC price, such an investment can pay off and bring profit.<\/p>\n The popularity of cryptocurrencies grew in 2020, when the rates of even stable assets (for example, gold) were falling. Investors were interested in digital coins due to their low correlation with other financial products. If in January 2020 the BTC rate was $7.4 thousand, in April 2021 it rose to $64 thousand. Bitcoin has become a tool for hedging risks, a profitable long- and medium-term investment and a way to insure capital against inflation.<\/p>\n In 2021, large banks and businessmen are investing in cryptocurrency. For example, Ilon Musk supports the Dogecoin joke coin. Previously, he also invested in bitcoin. However, he considered that the first cryptocurrency is not environmentally friendly and therefore changed his portfolio.<\/p>\n Unlike stocks, investments in coins have only one goal – to earn money on changes in quotes. Here it is not supposed to receive a share in the project or dividends. But taking into account the growth potential of tokens, such investments justify themselves.<\/p>\n Both popular and relatively stable assets and new projects with great prospects in terms of realization are chosen for investment. Before concluding a deal, specialists analyze the project, assessing its potential, relevance and freshness of the idea, and reliability.<\/p>\n Along with buying, mining and steaking, there are other ways to get cryptocurrency. Digital coins can be earned by completing various tasks. There are sites on the Internet that offer to watch videos, click on links, read articles and comment on them for a fee.<\/p>\n However, such services do not bring much income. The sites pay a few satoshis for completing one task. To accumulate the amount for withdrawal, you will have to spend a lot of time.<\/p>\n \u2753 How does fiat money differ from koins?<\/p>\n<\/div>\n The former are issued by states in unlimited quantities, while the latter are issued by certain projects with a pre-designated issue. Coins do not have a paper counterpart. Regular money can be either digital or physical.<\/p>\n<\/div>\n<\/div>\n \u2757 Who regulates cryptocurrency?<\/p>\n<\/div>\n No one, the digital market has no supervisory bodies. This is what makes cryptocurrency attractive to users. But many states are working towards de-anonymizing transactions and trying to regulate the use of coins.<\/p>\n<\/div>\n<\/div>\n \ud83d\udcb0 What makes digital money popular?<\/p>\n<\/div>\n First of all, the greatly increased value of many assets. For example, the same bitcoin has risen in price tens of thousands of times since its appearance, making many investors millionaires. In addition, the popularity of virtual currency is due to the anonymity of transactions, their speed and low commissions.<\/p>\n<\/div>\n<\/div>\n \ud83d\udca1 How can you dispose of digital assets?<\/p>\n<\/div>\n They are suitable for purchases and payment for services, for investments in order to profit from the difference of quotations in the future. In 2024, cryptocurrency is also used for issuing salaries and digitalizing artworks with NFT tokens.<\/p>\n<\/div>\n<\/div>\n \u26d4 Can cryptocurrencies be banned?<\/p>\n<\/div>\n No. Blockchain is decentralized and nodes are not located in one country. So even if some of the nodes go offline, the rest will keep the whole system running.<\/p>\n<\/div>\n<\/div>\n<\/div>\n Is there a mistake in the text? Highlight it with your mouse and press Ctrl<\/span> + Enter.<\/span><\/p>\n<\/div>\n\nMost popular coins<\/h2>\n
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\nHow to get coins<\/h2>\n
Buying on exchanges<\/h3>\n
The best exchanges for buying coins<\/h4>\n
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\n \nExchange<\/th>\n Daily trading volumes in September 2021 ($)<\/th>\n Number of users per week (September 2021) (people)<\/th>\n<\/tr>\n<\/tbody>\n \n Binance<\/td>\n 17.340 billion<\/td>\n 28.351 mln<\/td>\n<\/tr>\n \n Coinbase<\/td>\n 3.139 billion<\/td>\n 2.901 mln<\/td>\n<\/tr>\n \n FTX<\/td>\n 1.964 billion<\/td>\n 3.866 mln<\/td>\n<\/tr>\n \n KuCoin<\/td>\n 1.356 bln<\/td>\n 1.746 mln<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n Exchanges<\/h3>\n
P2P<\/h3>\n
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Mining<\/h3>\n
Investments in koins<\/h2>\n
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\nHow to earn coins<\/h2>\n
Frequently Asked Questions<\/h2>\n
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