Resources

Bitcoin & Cryptocurrency Wallets

A Bitcoin / Cryptocurrency wallet is software used to store your private and public keys. This allows you to interact with blockchains, so you can send and receive Bitcoin and other digital currencies, as well as monitor your balance. If you want to store your Bitcoin or Cryptocurrency, you’ll need a wallet.

Types of Cryptocurrency Wallets

Desktop Wallets:

These wallets are downloaded and installed on a PC or laptop, and are only accessible from the computer in which they are downloaded. They offer a high level of security, as long as your device is not stolen or infected with malware.

Popular Desktop Wallets:

Electrum – Popular Bitcoin only wallet, that is lightweight, and can be recovered with a seed phrase.

Exodus – Support for a wide array of Cryptocurrencies, and has a beautiful easy to use interface.

Jaxx – Bitcoin & Other Cryptocurrency support, that also runs on iOS & Android.

Online Wallets:

These types of wallets are very popular, primarily because they are stored and run in the cloud. This makes them accessible from any device connected to the internet. The downside is that private keys are kept online and controlled by a third party, which makes this type of wallet the least secure.

Popular Online Wallets:

Coinbase – Online wallet that is connected to the GDAX exchange, and insures your cryptocurrency holdings. Also has 2 step verification, and a Vault feature for added security.

Blockchain.info – “The world’s most popular Bitcoin wallet” according to their website.

Mobile Wallets:

These wallets are run from an app on your mobile device. They can be used anywhere, including retail stores. They are usually very easy to use, and are more secure than an online wallet, but less secure than a desktop wallet.

Popular Mobile Wallets:

MyCelium Bitcoin Wallet (Android) – This wallet has a lot of advanced privacy and security features, so it may be a bit complex for some new users. It has been on the market for several years, and has been tested by hundreds of thousands of users.

Jaxx (iOS & Android) – This wallet supports a large variety of Cryptocurrencies, but is not open-source.

Breadwallet (iOS & Android) – Simple Bitcoin wallet that is remarkably easy to use, with built in send and receive functions.

Hardware Wallets:

These wallets are different from software wallets in the way they store a user’s private keys – generally on a hardware device that resembles a USB drive. Transactions are made online, but they are stored offline. This increases security significantly, making these even safer than desktop wallets. Transactions are easy, and require just inserting the device into a USB slot, entering the PIN, and then you can send and confirm transactions.

Popular Hardware Wallets:

Ledger Nano S – Supports multiple Cryptocurrencies, including Bitcoin and Ethereum. Plugs into a USB drive, and updates once plugged in. Wallet is backed up with a seed phrase on a recovery sheet.

Trezor – This wallet works on Windows, OS X, and Linux, plugs in with a provided USB cable, uses modern cryptography, and is community driven and open-source.

KeepKey – A simple cryptocurrency wallet that supports Bitcoin, Ethereum, Litecoin, Namecoin, Dogecoin, Dash, and Testnet. Sleek design, with a nice screen.

Paper Wallets:

This is the safest way to store your cryptocurrency, but is also the most technical. Paper wallets are just your public and private keys printed out onto paper. Transfers are made from your software or hardware wallet to the public address on your paper wallet. Funds are withdrawn or spent by a process known as ‘sweeping’ that is either done manually by entering your private keys or scanning a QR code on the paper wallet.

Popular Paper Wallets:

WalletGenerator – Bitcoin and a total of 197 currencies are supported; the site uses random data from movement of your mouse to generate your keys.

MyEtherWallet – For Ethereum Ether & Tokens; this is a bit more complex than WalletGenerator, but it supports Ethereum Tokens.

Cryptocurrency Mining

Mining cryptocurrency basically rewards early adopters of a particular coin. You can get started investing in the cryptocurrency field by mining for coins, but you should learn about the process and coin you want to mine thoroughly before starting.

Which Coins Should I Mine?

Bitcoins are definitely not for small scale miners who are just staring out. The large up-front start-up and maintenance fees make it non-profitable for most people wanting to break into the market. Bitcoin mining should be undertaken by large-scale mining operations with large capital resources.

Litecoins, Dogecoins, Feathercoins, Ethereum, and Monero on the other hand, are cryptocurrencies that beginners should look at if they want to start-up a mining business.

As more people mine a particular cryptocoin, it could get more difficult to mine, as newer a faster hardware will be required to continue sucessfully mining. You should consider switching to a different cryptocurrency to mine if this happens.

**Be sure you are in a country where cryptocurrency and cryptocurrency mining is legal.

Hardware Mining

There is a wide variety of hardware available for mining cryptocurrency. We recommend taking a look at our Mining Equipment page to find reliable mining equipment at great prices, directly from Amazon.

Cloud Mining

If you would like to purchase mining in the cloud, we recommend MinerGate:

You can mine Bitcoin and Monero in the cloud, by buying in to a shared cloud miner, for a onetime fee and a daily maintenance fee. Visit MinerGate by clicking on the image below:

How To Mine

For detailed instructions on how to mine cryptocurrency, we recommend the two resources below:

A Beginner’s Guide to Cryptocoin Mining from Lifewire

Mining Guides from CryptoCompare

Mining Calculators

Please visit our Mining Calculators page to find out what your costs and profits would be for mining Bitcoin and the most popular cryptocurrencies.

Bitcoin & Cryptocurrency Exchanges

Bitcoin & Cryptocurrency Exchanges allow you to purchase cryptocurrency, exchange one cryptocurrency for another, and sell your cryptocurrency for cash (usually deposited to your bank or PayPal account).

Exchange & Buy Cryptocurrencies

Changelly – Changelly is a well trusted and reliable exchange, suited primarily to exchanging one cryptocurrency to another. They have excellent rates (a fee of 0.5% is charged for each exchange), and you can also purchase Bitcoin by Visa & MasterCard. No account is required, and virtually any wallet is supported.

CoinMama – Purchase Bitcoin & Ethereum via Visa or MasterCard. Pay in USD, Euros, or any other Currency.

Exchange, Buy & Sell Cryptocurrencies

CoinBase – The most popular exchange on the internet, you can buy, sell, and exchange cryptocurrencies easily via their online interface. The require you to have an account, but they also insure your cryptocurrency holdings.

CEX.IO – “Is a place for everyone who wants to simply buy and sell Bitcoins. Deposit funds using your Visa/MasterCard or bank transfer. Instant buy or sell Bitcoins at fair price, guaranteed.” Has over 700,000 users worldwide.

Invest in Bitcoin, Ethereum & Other Cryptocurrencies

Investing in Bitcoin and other Cryptocurrencies requires a good knowledge of the cryptocurrency market, access to exchanges, a way to manage your portfolio, and the ability to monitor rates.

Best Exchange For Investors

CoinBase – More than just a popular exchange on the internet, in addition to buying, selling, and exchanging cryptocurrencies, they have a comprehensive web interface to help you oversee your cryptocurrency investment portfolio.

Portfolio Management

CryptoCompare – Manage and track cryptocurency assets.

Blox – “Blox is the next generation platform for portfolio tracking and blockchain asset management. Automatically sync your wallets and exchanges into a single account.”

Bitcoin & Cryptocurrency Rates

Latest Rates – Visit our latest rates page to view the latest cryptocurrency rates for hundreds of cryptocurrencies, as well as historic data, charts, and general information.

Live Rates – Visit our live rates page to view live cryptocurrencies rates as they arrive via the CoinMarketCap API.

Understanding Blockchain

Blockchain technology is revolutionizing the internet by decentralizing and securing all types of transactions in a way that keeps the information both public and extremely resistant to tampering.

Blockchain Articles & Courses

A Blockchain Explanation Your Parents Could Understand from Lifehacker

Free Online Blockchain Course for Beginners from edX

Blockchain Videos

Understand The Blockchain In Two Minutes from Institute for the Future (IFTF)

How it Works: Blockchain from IBM Think Academy

Vitalik Buterin Explains Ethereum from Ethereum

How Ripple Works – xCurrent from Ripple

Blockchain Software & Projects

If you would like to know more about blockchain software development, or if you are thinking about developing your own blockchain solution, the resources below will give you a good overview of the major players in blockchain software.

Development

Blockchain – “We are on a mission to build a more open, accessible, and fair financial future, one piece of software at a time. Our technology is revolutionizing the financial services industry by empowering millions across the globe to authenticate and transact immediately and without costly intermediaries.”

Ethereum – “Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.”

Ripple – “Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally.”

Projects

Humaniq – “Humaniq is a new generation financial services with its own cryptocurrency, which is aimed at eradicating poverty amongst millions of people living in the emerging economies.”

Steem  – “Steem is a blockchain-based rewards platform for publishers to monetize content and grow community.”

IOTA – “The first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions and data integrity for machines.”

Ethereum Smart Contracts

Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. The code, and the agreements contained therein, exist across the Ethereum blockchain network.

Videos

Smart Contracts Explained from Complexity Labs

What is a Smart Contract? A Beginner’s Guide from Ameer Rosic

Development

Contact Us – If you’re interested in having a smart contract developed for your company or organisation, please contact us via the information on our contacts page. We have extensive experience with Ethereum Smart Contracts, and would be happy to answer any questions you might have, and direct you to the best resource for your needs.

Merchant Services

Accept Bitcoin as a payment method on your website, and in your physical store with the resources listed below.

Accept Bitcoin Payments

CoinPayments: Accept Bitcoin and other Cryptocurrencies as payment.