Quick Start Cryptocurrency Investing and ICO's
How can you check your transactions on the blockchain?
- Bitcoin: https://blockexplorer.com/ or https://blockchain.info/ - - Ethereum and ERC20 tokens: https://etherscan.io/ or https://etherchain.org/
What are some good crypto exchanges?
- To purchase and not trade much - Changelly and Shapeshift - Exchange coins regularly - Poloniex, Kraken, Bittrex and Gemini
Overview how you should research a company.
1. Search website for the team, what the purchase of coins will fund, partnerships, advisors, milestones, and achievements. 2. Bitcointalk
What 3 ways can you create a crypto wallet?
1. Wallet service like Coinbase, not in control of your private keys. 2. Wallet on your computer 3. Hardware wallet
What platforms should you use for communication with the ICO Company team?
Bitcointalk, Telegram, Twitter, and Slack.
Do most ICO's accept Bitcoin or Ethereum from an exchange?
No, so its best to make sure that you have it ready in a wallet where you control your keys.
What are some popular Bitcoin wallets?
Software - Electron Wallet, Breadwallet, Blockchain Wallet Hardware - Trezor, Ledger, Nano, KeepKey
Why does it take time between the ICO and receiving your tokens? How long should it take?
The team has to perform audits and accounting duties. It should take within a month or two to receive your tokens.
What is a gas limit?
This should be set on Ethereum for ICOs, as it sets the speed at which your Ethereum is delivered to the ICO wallet address. The more gas you use, the faster the transaction will be processed and this heightens your chances of getting tokens. Some ICO's willr ecommend gas limits.
What are ERC20 tokens?
Tokens that use the Ethereum network or subtokens, such as TenX, Civic, Gnosis, Augur, and Storj.
How do you use your public and private keys?
You send your public key out as an address for people to send money, but NEVER GIVE AWAY YOUR PRIVATE KEY.
What are some popular Ethereum wallets?
myetherwallet.com, Mist, Jaxx, Exodus.
