Tag Archive for: cryptocurrencies

5 apps for trading cryptocurrencies like Bitcoin, Dogecoin and Ethereum

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Want to trade crypto on the go? These five apps can be found for Android or iOS and will keep you connected to your cryptocurrency wallet no matter where you are.

bitcoin trading market data chart. virtual cryptocurrency concept

Image: KeremYucel, Getty Images/iStockphoto

Cryptocurrencies like Bitcoin and the multitude of altcoins that have come after it have reached all-time highs recently, but prices heading for the moon doesn’t mean the crypto market isn’t still without its volatility. If you’re going to get the most value out of your cryptocurrency assets you need to have the ability to trade your coins no matter where you are, which is where these five apps come in. Each of them is available on both iOS and Android. 

If you’re planning to trade cryptocurrencies, keep in mind that cryptocurrency markets aren’t always safe or stable, even trustworthy ones with a good reputation. Cryptocurrencies are a hot target for cybercriminals, so be sure you read up on how to safely trade cryptocurrency before investing money that could be lost.

SEE: Hiring Kit: Blockchain Engineer (TechRepublic Premium)

Binance

Binance is the largest crypto trading market in volume, and it has a good reputation for being a safe place to buy and sell Bitcoin and other altcoins, of which it supports more than 200.

Binance said its app is protected by its Secure Asset Fund for Users, which is a cold wallet (not connected to the internet) filled with 10% of all trading fees Binance collects. The app also offers savings and stating that it said earns interest greater than 5%.

The Binance app also has a “lite” interface that it describes as being designed for beginning cryptocurrency traders, so if you’re new to the crypto trading world this may be a good choice. 

Binance is available for iOS and Android.

Coinbase

Another of the largest crypto currency trading platforms, Coinbase has a smaller variety of coins but offers a number of safety features as well as offering new users $5 in Bitcoin when they sign up and verify their identity. 

Coinbase supports Bitcoin, Bitcoin Cash, Ethereum, Ethereum…

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Charity Digital – Topics – The downsides of cryptocurrencies

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The price of Bitcoin, the world’s most popular cryptocurrency, has rocketed from little over $6,000 a year ago to more than $60,000 today. It’s made some people very rich indeed. It’s also attracted the interest the likes of Tesla founder Elon Musk and donations can be made in the cryptocurrency to a range of charities including Save the Children and RNLI.

 

But if your charity is thinking about accepting donations in cryptocurrencies, it is very important to ensure that you are aware of the considerable downsides of this type of fundraising initiative, as well as the benefits.

 

 

Environmental impact

 

The first thing to consider is that cryptocurrencies, particularly Bitcoin, have an enormous negative effect on the environment. That’s because behind every Bitcoin is a huge infrastructure of computers involved in Bitcoin “mining”.

 

These computers, working all over the world around the clock, consume a vast amount of energy. According to the University of Cambridge’s Bitcoin Electricity Consumption Index, Bitcoin is now responsible for more energy consumption than entire countries such as The Netherlands or Argentina.

 

The overwhelming majority of this energy is not generated from renewable sources like wind, so the amount of carbon dioxide that is released in to the atmosphere because of Bitcoin mining, and therefore Bitcoin’s effect on climate change, is significant.

 

That alone may give pause for thought. But for charities that are directly involved with environmental issues, it may be difficult to reconcile the harm that Bitcoin mining does to the environment, and the implicit endorsement of that harm by accepting funds in Bitcoin, with the aims of the charity.

 

 

Security concerns

 

On a more practical level, cryptocurrencies such as Bitcoin can be a considerable cyber security risk for charities when it comes to storing them. That’s because cyber criminals are particularly attracted to cryptocurrencies because of their high value and the fact that they can be used anonymously.

 

For that reason, many types of malware are designed to search infected computers for cryptocurrencies, and to send any that they find to the malware authors. Any…

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Salon website gives you a choice: turn off your ad blocker or let us mine cryptocurrencies

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Salon website gives you a choice: turn off your ad blocker or let us mine cryptocurrencies

If you don’t want to disable your ad blocker, maybe you’ll feel comfortable letting Salon.com run code from Coinhive which will gobble up your computer’s resources to mine some Monero cryptocurrency.

Graham Cluley