What are koins

Most popular coins

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.

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 on the principle of Ethereum. Bitcoin is digital gold and the price standard for all cryptocurrencies.

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.

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.

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 Officially, VK Coin cannot be withdrawn, but some users sell it to each other and get real money for it.

How to get coins

Coins are bought on exchanges, P2P platforms or in exchanges. There is also another (natural) way to get coins – mining.

Buying on exchanges

On trading platforms, anyone can purchase this or that coin through the bid stack. In addition, exchanges allow trading with pending orders, 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%.

The best exchanges for buying coins

Large platforms ensure the security of transactions and offer a large number of additional tools for trading cryptocurrency.

Exchanges

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.

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:

P2P

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:

• Bitzlato
• BitPapa
• LocalBitcoins
• Matbea
• LocalCryptos.

Mining

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.

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.

Investments in koins

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.

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.

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.

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.

How to earn coins

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.

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.

Frequently Asked Questions