Now that we have a cryptocurrency money system. Learn the basics on how to earn money with your Cryptocurrency portfolio and assets. Updated: May 10, 2021

I use all of these tools but my top Cryptocurrency tools to manage my Cryptocurrency are: Gemini, Ledger and Metamask.

1. The Basics on Cryptocurrency:

What is blockchain?

While blockchain appears to be complicated, and it can be, its core concept is actually rather easy. A database, or blockchain, is a form of digital ledger. The way it stores information varies from that of a traditional database; blockchains store data in blocks that are then chained together.

As new data is received, it is entered into a new block. If the block has been filled with data, it is chained onto the previous block, resulting in a chronological chain of data. A blockchain can store a variety of data, but the most popular application so far has been as a transaction ledger.

Cryptocurrency Wallets

Although cryptocurrencies such as Bitcoin are extremely volatile, they do not appear to be going away anytime soon. Individuals may become interested in owning cryptocurrencies like Bitcoin as they continue to exist or even appreciate in value, but it’s critical to understand how to securely store Bitcoin.

Below you will find suggested Cryptocurrency wallets and storage devices.  Some of these wallets offer more functionality than others, such as the ability to store more cryptocurrencies than Bitcoin and enhanced protection. This list is in no specific order, with the exception that hot wallets are listed first. However, this does not imply that hot wallets are better.

Cryptocurrency Transaction fees

To be considered a successful and valid transfer, every cryptocurrency transaction must be added to the blockchain to be an official public ledger of all completed transactions. Miners, which are powerful machines that make up a portion of the network and validate the transactions, are in charge of validating transactions and linking them to the blockchain. Miners invest a lot of computational power and resources in this for a monetary reward: with every block added to the blockchain, a bounty called a block reward is given, as well as all fees sent with the verified and included transactions. To find information on the cheapest Cryptocurrency transaction fees, read this medium posting on “Crypto fee comparison“.

2. Get Started and Basics on Cryptocurrency Tools:

• Exchange: Gemini and Coinbase
• DeFi Exchange: 1inch and Matcha
• Cold Hardware Wallet Ledger X Crypto Starter Pack and Ledger Nano
• Desktop Wallet: MetaMask
• Earning interest: Aave (decentralized) or BlockFi (centralized)
• Borrowing: Aave (decentralized) or BlockFi (centralized)

3. Getting Started on Cryptocurrency Mining:

Cryptocurrency mining is the method of verifying and adding transactions to a blockchain public ledger. In some cryptocurrency ecosystems, such as Litcoin, Bitcoin, and Ethereum, the process of verifying these transactions is known as finding blocks, and it is dependent on the time and computer power of blockchain peer devices. Individuals who work against this end are thereby compensated for their efforts, typically in the form of cryptocurrency tokens.

Cryptocurrency Mining Pool – Prohashing