GUIDE

How do I exchange one cryptocurrency for another?

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The most reliable thing to do is to exchange cryptocurrencies on specialized exchanges, where the minimum Commission, fast exchange speed, maximum liquidity.

What’s the best way to store my cryptocurrency and tokens?

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Once you’ve gotten your crypto, you’ll need a place to store it. There are all sorts of wallets out there of various sorts, namely desktop, mobile, hardware, and web.

The main thing to keep in mind is that you should never store large sums of money on exchanges or in wallets that hold your private keys for you. Mobile, desktop, and/or web wallets that hold your private keys for you are useful for small sums of money that you need to make everyday transactions.

I have cryptocurrency, how do I sell it for fiat money (USD, EUR, etc.) ?

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Selling cryptocurrency for fiat money works similarly to buying, only your choices are slightly more limited:

1. Services. Places you can sell crypto relatively easily and cheaply.
Coinbase is something between an exchange and a wallet and provides an excellent, relatively easy and cheap (low fees) way to buy and sell bitcoin, ether, and litecoin via a fiat bank account or credit card. The only thing is they don’t provide their buy/sell service in every country. Check out if you country is supported here.

I have fiat money (USD, EUR, etc.), how do I get cryptocurrency for ICO?

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There are several ways you can get cryptocurrency, some are easier and cheaper than others. Here are your main options:

1. Coinbase is something between an exchange and a wallet and provides an excellent, relatively easy and cheap (low fees) way to buy and sell bitcoin, ether, and litecoin via a fiat bank account or credit card. The only thing is they don’t provide their buy/sell service in every country. Check out if you country is supported here.

What are the risks of contributing to an ICO?

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When you contribute to an ICO, there is never a guarantee that the product whose tokens you’re buying will succeed, either with their ICO or in their future development. Like any crowdfunding campaign, people should think of contributing as a donation to a project in support of its potential development, and the tokens as a kind of reward for your support. However, in the case of an ICO campaign, your reward (tokens) has the potential to increase in value once the tokens are released and available on exchanges. Bottom line, each particular ICO also has their own terms and conditions for contributing, so be sure to check those out before donating.

What are tokens?

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A token is a digital asset that is sold to the public during an ICO campaign, usually for other popular cryptocurrencies, namely BTC or ETH, or sometimes directly for fiat currency. Unlike a cryptocurrency, tokens usually do not have their own blockchain, but rather are hosted on another blockchain, such as Ethereum’s.

What is an ICO?

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An initial coin offering (ICO), also known as a digital token sale or crowdsale, is a way of raising funds from the public for the development of a product outside of the traditional VC world. Usually products are blockchain-based technologies, but the crowdsale model is increasingly being used for other kinds of projects as well.

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