Frequently Asked Questions
General
What is a cryptocurrency?
A cryptocurrency or crypto currency is a digital asset that allows secure transactions between entities by levering cryptographic technologies. Want to know more? Read our guide.
How to I buy a coin I like?
In order to trade coins, the easiest way is to transfer Bitcoin (BTC) or Ethereum (ETH) to a cryptocurrency exchange. If you want to trade many different coins, we suggest you use Binance, as they list a large number of different cryptocurrencies. You can register on Binance here. If you don’t hold BTC or ETH yet, you need to purchase them via credit card or bank transfer. One of the best options for this purpose is Coinbase.
Fundamentals of Cryptocurrencies
What is Crypto wallet
A wallet will store your cryptocurrency. You can use a web wallet or a mobile wallet. Both of them are secure. For more advance, secure and long term holding of crypto another type of wallet is used called hardware wallet. The mobile wallet is safer than a web wallet because it keeps your private key on your phone. Besides, it is always in your pocket. A secure web wallet will never be hacked, and it will be very unlikely to lose your money. A mobile wallet will be your best option for the long run. Its security features will be more than enough to make your transaction as secure as it can be.
What is Crypto Exchange.
The exchange is a place where you can trade cryptocurrencies. The process involves buying and selling different cryptocurrencies. You can use the cryptocurrency exchange to deposit and withdraw fiat money. However, the exchange must comply with regulations.
What is Marketcap and How to Calculate ?
We calculate market capitalization by multiplying the price of a specific coin by its circulating supply.
Market cap = Price × Circulating Supply
We also use other metrics to decide whether to display a cryptocurrency’s market cap. This is important, particularly for cryptocurrencies that would rank very high on the list of top 100 coins by market cap.
What is Circulating Supply of Crypto currency?
Circulating supply is the number of coins in circulation and in the hands of the general public. It is also used to determine market capitalization. It is a key indicator that helps investors make smart investments. The circulating supply can also increase over time. For example, the circulating supply of bitcoin is set to rise over time and will eventually reach 21 million.
The circulating supply metric is an important metric in the cryptocurrency industry. It allows investors to understand how much each cryptocurrency is worth and whether it is a good idea to invest. But it has also been the subject of controversy, with some crypto assets proving difficult to gauge, or even impossible to predict.
A coin’s circulating supply is important to understand how the cryptocurrencies are valued. Its price will fluctuate depending on its circulating supply. If it has a limited supply, the circulating amount can increase to the limit of the coin. If the circulating supply is large, a coin’s value is low. In other words, a cryptocurrency’s circulating supply is very low. The circulating supply is the amount of coins in circulation, and a currency with a high circulating volume will lose value quickly.
What is Total Supply of Crypto currency?
In crypto currency, Total Supply refers to the total number of coins in existence. This number includes the coins that are currently available for circulation and those that are reserved for mining and staking. It does not include the coins that have already been burned or mined. The Total Supply of a coin is equal to or higher than the circulating supply.
What is Maximum Supply of Crypto currency
The maximum supply is a conservative estimate of the lifetime supply of a cryptocurrency. When it reaches the maximum, new coins will no longer be created.
What is Fully Diluted MarketCap?
It’s is the total value of the crypto at today’s price if the entire future supply of coins were in circulation. The fully diluted market cap of a cryptocurrency is a way to predict its future value. A crypto’s fully diluted market cap is its present value at the current price with all of its future supply in circulation. This metric can be very helpful for determining the value of a crypto.
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