Best Crypto 2022

Cryptocurrencies are decentralized digital assets, meaning they function anonymously without relying on banks. They are also not regulated by the central government. You can send or receive digital currencies from any part of the world. Cryptocurrency popularity has increased significantly over the past few years. A recent study estimated that Bitcoin will have over 1 billion users by the end of 2025. This clearly shows that digital currency is the future. But with so many cryptos on the market, it is normal to be confused on which crypto to invest in. Fortunately, today have landed in the right place. In this article, we will discuss the best crypto 2022.

bitcoin

1. Bitcoin (BTC)

Bitcoin is the top and the first-ever digital currency on the market. Like other digital currencies, Bitcoin runs on a blockchain ledger. Bitcoin is the undisputed champion and is currently the largest and the fastest-growing digital currency with a market cap of more than $641 billion. Bitcoin has high liquidity, thus a great investment for people who want good returns within a short time. Unlike stocks that are quite hard to trade, Bitcoin is incredibly easy to trade and its return is great. Cryptocurrency experts are predicting that Bitcoin will increase to up to $250,000 by the end of 2022. Investing in Bitcoin is a smart choice for those who want to reap big in 2022. As of July 2021, the market price of Bitcoin was $32,000. So, if experts prediction comes true, you can imagine how much return you will get if you invest in Bitcoin.

Altcoins 2022

Let’s talk about altcoins 2022 below:

ethereum

2. Ethereum

Ethereum is one of the best crypto 2022. Since its launch, Ethereum’s popularity has been on the rise, thanks to its stability. Ethereum has its own Cryptocurrency known as ether (ETH) that can be used to buy goods, send or receive money, and power any products on the Ethereum network. ETH was the first crypto to use technologies such as smart contracts, ERC-20 Tokens, smart contracts, and Dapps. Ethereum is also a great investment because it allows staking. You can stake your ETH holding and earn money even while sleeping. And when Ethereum 2.0 which is currently under development is fully implemented, Ethereum will be unstoppable and could replace Bitcoin as the top Cryptocurrency.

polkadot

3. Polkadot

Polkadot is a Cryptocurrency Platform that connects various blockchains allowing them to work in sync. This Cryptocurrency allows designers to build smart contracts and apps. Transferring assets on Polkadot is incredibly easy, thanks to its interoperability. Polkadot is a great Ethereum competitor and many programmers are switching to it because it is much safer. It also allows developers to build their own blockchain. Polkadot relay chains and parachains that allow Dapps to communicate with other networks on the blockchain. Parachains runs transaction on their own thus reducing strain on the network. The current market price of Polkadot is 13.77 but experts predict that the price of Polkadot will rise to $108 by mid-2022, making it great best crypto 2022.

binance

4. Binance Coin

Binance Coin is one of the best altcoins to invest in 2022. Since its launch, its popularity has been on a steady rise. Its increased popularity is mainly attributed to its ease of use and great features. Binance coin is one of the few cryptocurrencies that can be used for paying fees and trading. This digital currency can also be traded for other digital currencies such as Ethereum and Bitcoin. You can also use Binance coin to pay for goods and services on the Binance smart chain. Binance is among the best performing cryptocurrencies in the market with a market cap of more than $51.08. It is also secure and has a wide range of applications thus worth investing in 2022. The current market price of Binance is $309 but experts predict that its price will go up to $593 in 2022.

Uniswap

5. Uniswap

Uniswap is the 4th largest Cryptocurrency exchange. This decentralized platform is built on Ethereum and it allows the exchange of ERC-20 tokens via smart contracts. One of the reasons why Uniswap is very popular is that it allows uses to add taken without paying a fee as is the case with other similar platforms. This makes it easy for investors to access and trade other digital currencies. Uniswap also allows investors to have full control of their personal wallets. This means that your hard-earned money will be safe if your exchange is hacked. Uniswap was launched in 2020 with a starting price of 0.48, However, experts predict that its price will reach $24.60 by 2022.

Reddcoin Wallet, Zcoin Wallet and more

If you are investing in cryptocurrency, you will certainly need a place to store your money and a way to send, receive, and exchange cryptocurrencies. Non-custodial cryptocurrency wallets, for example, Reddcoin Wallet, provide users with a digital solution for securely storing and managing cryptocurrencies and blockchain assets.

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That said, it is worth noting that crypto wallets do not actually store the blockchain assets; instead, they store a collection of private keys. This is very true, considering that crypto coins never leave the blockchain. Technically, a crypto wallet is like a password that its owner solely controls.

In this article, you will find a handpicked list of cryptocurrency wallets that you may want to use to safeguard your blockchain assets.

Reddcoin wallet

The Reddcoin core wallet is a desktop crypto wallet that allows users to store, send, and receive Reddcoin. Cryptocurrency proponents can also use the wallet to donate to content creators, pay for stickers, and support social networks.

Notably, the Reddcoin wallet is the official wallet supported by the project to hold and stake RDD. It is easy to use, which makes it an excellent option for beginners.

Despite having a dated interface, this wallet has plenty of advanced features for advanced users. The major downside of the Reddcoin wallet is that it is not compatible with mobile phone devices.

reddcoin-wallet

Zcoin wallet

XZC wallet is the official and native crypto wallet to use when managing your Zcoin assets. This hardware wallet is user-friendly and features state-of-the-art security, which promises an extra layer of security against evolving cyber-crime threats. With the promising security features and private keys encryption, the Zcoin wallet promises the best user experience.

Other secure crypto wallets that you may consider using include;

  • Ledger Nano S
  • Trezor Model T
  • Trust wallet
  • Coimoni
  • QT Zcoin wallet

They all come with different features to meet different user needs, so the right Zcoin wallet for you will depend on preferences, the devices you use, and the features you want.

Zcoin-wallet

Reddit crypto wallets

With so many crypto wallets, it is apparent for many investors to ask for referrals or simply look at wallets that get more upvotes.

Reddit is a discussion, social news aggregation, and web content rating website where many people get recommendations or make decisions based on members’ discussions. With that in mind, the members in communities dedicated to cryptocurrencies recommend several wallets, depending on user experience or online reviews.

Here are the various Reddit crypto wallets.

  • Ledger Nano S walletsTrezor One wallet
  • Trezo Model T w
  • ColdCard Hardware wallet
  • Electrum
  • Exodus
  • Coinbase wallet
  • Metamask
  • Binance
  • Samourai

When selecting your preferred Reddit crypto wallet, it is always good to do your own research to know which option is perfect for you. Some wallets are dedicated to one coin, while others are multi-currency. Again, although crypto wallets serve the same purpose, they offer varying features, with some offering a great deal of security at reasonable prices.

The best Reddit crypto wallet for you is the one that serves your needs best and works best on your device.

syscoin-wallet

Syscoin wallet

Syscoin wallet is a decentralized and open-source project with two dedicated desktop wallets and a blockchain explorer. The wallets are Syscoin Fusion and Syscoin Spark. They all incorporate Syscoin ecosystem functionality to allow users to store, send, receive and exchange their Syscoin securely.

  • Syscoin Fusion: This is an open-source desktop wallet that allows SYScoin Platform Token (SPT) creators to provide a customized wallet for their SPTs. Changing a single file fusion configuration results in moderate customizations, but you can achieve more significant layout customizations by modifying CSS.

  • Syscoin Spark: Syscoin Spark is a closed-source desktop client allowing SPT creators to build their own bespoke wallets. It features an extensible branding framework that enables developers to customize the look and functionality to suit client use cases. Syscoin Spark users can easily and quickly send and receive Syscoin and SPTs. They can also create and distribute brand new SPTs for their projects.

Other wallets supporting Syscoin are Cainomi, Hebe wallet, and QT wallet.

peercoin-wallet

Peercoin wallet

The Peercoin wallet is a desktop wallet that allows you to send, receive, and store Peercoin. As the official wallet supported by the project, it allows for the minting of blocks while keeping the network secure.

Notably, there is a Peercoin wallet for Android that is in development. Even with the constant performance upgrades, the app may be unstable. You can give it a try but at your own risk.

There are also plenty of unofficial wallets that support Peercoin. Some of them include;

  • Coinomi
  • Coinspot
  • Abra
  • Gemmer
  • UberPay
  • CoinVault
  • HolyTransaction

SpectroCoin-card

SpectroCoin card

If you are looking for a truly hardware crypto wallet that you can use at any shop or ATM outlet, the SpectroCoin card gets you covered. It is a VISA card ready to take your everyday payments to the next level.

SpectroCoin card allows you to exchange supported cryptocurrencies and load your debit card instantly so that you can complete payments. It is an exciting card hooked into SpectroCoin’s own exchange and wallet system.

You can easily access the platform using the mobile app or web browser, which allows you to manage your digital currencies anywhere, anytime. SpectroCoin card users also get a dedicated IBAN account, allowing them to make deposits and withdrawals directly to and from their SpectroCoin account.

SpectroCoin wallet supports over 20 cryptocurrencies, allowing you to make payments for services that accept cryptocurrencies and withdraw cash in over 30 million ATMs worldwide.

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Best crypto wallet 2021 Reddit

The new decade has brought a solid number of cryptocurrency users, which has spiked the volume of crypto trading. For this reason, it is important to choose the most secure and convenient crypto wallet to store your cryptocurrencies and blockchain assets safely. That said, the best crypto wallet 2021 Reddit are:

  • Exodus
  • Trezor
  • Ledger
  • Electrum
  • KeepKey

You can’t get far on Reddit without encountering one of these crypto wallets. They offer a vast array of features and enhanced security. Although they are not entirely immune, they are almost impossible to hack.

As crypto trading continues to soar, choosing a secure and convenient crypto wallet is very crucial. These wallets allow you to send, receive, and store your blockchain assets securely. Hot wallets like Exodus are an ideal solution if you want immediate access to your deposits at any time. They are user-friendly and in line with the fast-paced modern life. On the other hand, hardware wallets offer excellent security needed by those dealing with the large amount because they can’t be hacked without physical access to the device.

How do you cash out cryptocurrency?

How do you cash out cryptocurrency? There are several ways you can convert cryptocurrency to cash. It is essential to compare the several methods available and ensure you go for less risk and save you money. Remember, you will have to pay transaction fees to convert the cryptocurrency to cash.

how do you cash out your cryptocurrency

The time is taken to convert the cryptocurrency to cash also matters. There are times you may like to convert the crypto coins to cash as fast as possible. Under such a case, it will be necessary to look for a way to allow quick conversion. Nowadays, many people are using cryptocurrency. You should not worry on how to convert it into paper currency. There are several methods you can follow as outlined below:

How do you cash out cryptocurrency?

Peer to peer exchanges

You can use crypto to fiat exchanges to convert the cryptocurrency to cash. You will have to rely on apps such as local cryptos, and it will be easy for you to accommodate your sale or purchase. The apps allow buyers and sellers of cryptocurrency to remain anonymous. If you would like to get quick cash out of your cryptocurrency, you can apply the Apps, and they will make it easy for you to remain anonymous and get fast cash. They have escrow systems that eliminate fraud. You can be sure of the high level of safety using the system.

Find a cash buyer for crypto.

Some people will buy your crypto coins and give you cash. It is a risky transaction, but it is swift. If you have a few crypto coins you would like to exchange for cash fast; then you can search for buyers and sellers online. Join cryptocurrency trading platforms, and you will get to interact with many people on the forums who are ready to buy the crypto coins, and they will later convert them to cash. Always be careful because there are few to no security measures in such cases.

Utilize cryptocurrency exchange

There are set up systems that handle cryptocurrency exchanges. You can use the platforms to exchange your cryptocurrency for cash. Some of the reputable cryptocurrency exchanges where you can convert your cryptocurrency to currency include Kraken, Bitfinex, and Binance. They are easy to follow processes, but they will require you to wait for up to 5 days before getting your cash. The systems are secure, and they will take several days to eliminate fraud. If you have carried a lot of money in the form of cryptocurrency, you can opt for the system, and it will make it easy for you to convert the cryptocurrency to cash. Reliable exchanges adhere to anti-money laundering regulations. You may have to explain where the money is coming from in some cases. If your country prohibits the use of cryptocurrency, then you may have to avoid the system.

How to withdraw bitcoins to cash

How do you cash out your cryptocurrency?

Cryoptocurrency ATMs

Some cryptocurrency trading platforms offer ATM cards. It will be easy to exchange your money for cash after you decide to utilize such systems. They are quick, but they are not available in all parts of the world. If you stay in a city where you can readily access the ATMs, you will easily access your money from cryptocurrencies.

OTC trading projects

Some exchanges offer over-the-counter desks where you can trade in cryptocurrency. You can opt for such systems, and it will be easy for you to get the best deals. You may have to wait for the best deals, but the system is very fast.

How to withdraw bitcoins to cash

How to withdraw bitcoins to cash below:

Prepaid cryptocurrency card

There are some cryptocurrency wallets and exchanges that offer a prepaid visa card. You can apply for such cards, and it will be easy to convert the cryptocurrency into cash. Some of the cards you can apply to convert cryptocurrency to card easily include BitPay, Wirex crypto debit card, among others. They employ the highest level of security, making it easy to take advantage of several benefits associated with cryptocurrencies. The cards support significant coins such as LTC, ETH, and BTC.

There are several methods you can apply to convert cryptocurrency to cash. Ensure you invest in a method that is easy and fast. The method should employ the highest level of security to allow you to convert cryptocurrencies to cash fast.

All You Need To Know About The Oil Backed Crypto

Petro a hard asset-backed crypto introduced in February 2018. This crypto was first announced in December 2017 by the Venezuelan president. He stated that its aim was to make the country advance on money sovereignty issues and tap into international financing easily. Petro billed as the first sovereign currency introduced in the crypto space. The crypto built on the NEM blockchain and backed by oil, gasoline reserves and mineral reserves of gold and diamonds. It called oil backed crypto.

ptr-coin-exchange

In this post, we will explore what this asset-backed sovereign crypto offers in this arena. Also discuss crucial details such as its price, exchange process and platforms, market cap and value. Find out more about one more oil backed crypto – OilCoin.

Petro crypto price

The current petro price is $0.0225 with a price change of around 3.08%. The confidence in this crypto price is currently high and investors have higher stakes of making returns from investing in this crypto as long as they keep tabs on the price charts.

Even with this, it is important to note that most traders do not treat petro as a very stable coin considering that its price partially depends on the value of the hard asset (mostly oil) it is backed with. Also, not many exchanges will abide by the Venezuelan government’s price as the official price. In this regard, you should also consider comparing the prices on various exchanges and pick the one that offers the best value for your money.

petro-crypto-price

Ptr coin exchange

Here, it good to first note that 38.4% of Petro sold in a pre-sale private auction at a 60% discount before the official launch date. The pre-sale was made in cryptocurrencies and hard currencies and not local currencies, which are now accepted as a viable exchange medium.

Today, Ptr coins exchanged through various virtual exchange houses. A perfect example here is the state-sanctioned Cryptolago. More and more merchants providing goods and services also accepting Petro as a medium of payment and it is speculated that most Petro will be exchanged through this path.

Citizens, private and state companies can visit any virtual exchange selling Petro and purchase it using Yuans, Rubles, Euros, Turkish Liras and the major cryptos such as Bitcoin and Ethereum.

Ptr coinmarketcap

Ptr current coin market cap $1,432,905 with a fully diluted market cap of $1,435,863. Its current circulating supply is 63,993,275XPD. According to coinmarketcap.com, Petro’s market rank is currently at 1502.

ptr-coinmarketcap

Petro cryptocurrency value

The average value of a barrel of oil is $62. Which is exactly what one petro backed with and sold at. This simply means that if Venezuela sells around 100 million Petro, they can raise more than $6 billion. With this kind of cryptocurrency value, there is no doubt that petro crypto is very crucial in improving Venezuela’s economy. It is a perfect example of what digital assets can do in improving a country’s economy, if supported by both the government and the citizens.

The Venezuelan government initially allocated 5 billion barrels of Venezuelan oil to back the petro crypto. How stable this petro value is, depends on the existing value of oil, gasoline and other related minerals such as gold. Since petro entirely pre-mined, its value also depends on what the government dictates.

The petro crypto’s value is helping Venezuela greatly in foreign trade. The country is, for example, able to pay for imports with this asset-backed cryptocurrency. An excellent example here is the Venezuela-Brazil trades where several Brazilian companies accept to export food to Venezuela and get paid with Petro.

As people continue accepting this crypto, more businesses and shops recognize it as a viable payment mode; its value will definitely rise. The speculation and trading volume around it will also contribute to value rise.

petro-cryptocurrency-value

Conclusion

So that’s all about oil backed crypto. Although the Petro crypto not fully developed, its future is bright. The government has great plans for this crypto and wishes that it will create an open, independent and transparent digital economy where all Venezuelans will have equal participation. In the international economic realm, this crypto focuses on creating a fairer financial system that will support and develop emerging economies. Investing in this crypto will definitely be a rewarding decision in the future as long as there will be no political influence on its market and usefulness.

Overview of Global Coin Market

Do you know that all the world’s crypto is now worth more than $1 trillion? And Bitcoin hits $1 trillion in market value as cryptocurrency surge continues? In a previous article, we talked about crypto you should invest in 2021. So what’s more in the global coin market?

global-cryptoccurency-market

Volatility and Dominance of Leading Cryptocurrencies

Despite the surging popularity and recognition of the multi-billion dollar digital currencies, their volatility in recent months has been significant and is highly likely to continue. This volatility is attributable to a number of factors. Principal among them being lack of liquidity, governmental restrictions and bans on ICOs.  Digital currency transfers and exchanges, and various protocol battles pitting miners and others with significant sunk infrastructure investments against individuals pushing for more function-oriented, rapid and scalable solutions. It is reasonable to assume that increased government regulation and protocol wars will persist over the coming months and years. that the currency, platform or protocol that succeeds in today’s global coin market will be replaced by competitive technologies or hard forks in the future.

Bitcoin and Ethereum

Bitcoin has resoundingly proved this point as its dominance as recently at 2016 was broadly accepted and few expected the more robust and useful Ethereum protocol would take significant market share as quickly as it did. In late Q2 2017, Ethereum seemed well positioned to overtake Bitcoin in terms of total market cap during the course of 2017, especially with Bitcoin’s hard fork and SegWit events which occurred in the summer of 2017. However, Bitcoin saw a remarkable, record setting recovery in the second half of 2017 suggesting the ultimate emergence of Ethereum as the dominant digital currency may either be delayed or never occur.

Also remarkable was emergence of Bitcoin Cash which has seen a fivefold increase in token price and total value in the last month alone. Very few investors, traders or even digital currency experts have proven adept at anticipating future moves and values for existing digital currencies. Bitcoin, Ethereum, Ripple and virtually all digital currencies have continued their upward surge throughout 2017 despite the imposition of restrictions on digital currencies by China, South Korea and Russia among others.

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Extreme volatility

The extreme volatility and surging prices displayed by leading digital currencies as they vie for global platform and protocol dominance has provided a compelling way to speculate as new digital currencies continue to emerge. Certainly, one can expect more disruptive currencies to emerge in coming years.

However, extreme volatility is a strongly negative factor in global coin market environments with declining values or if the goal for an investor, merchant or institutional or individual holder is price stability or value preservation. As a result, the role and importance of a currency like OilCoin – which is fully digital and blockchain supported but is also directly linked to and supported by reserve value derived from the most liquid and actively traded asset in the world – may be an increasingly critical one in future years.

Comparison to Fiat Currency Ties or Tethers

The volatility associated with Bitcoin and other leading digital currencies has led many holders of digital currency assets to seek to diversify their holdings into different digital currencies 20 that allow them to link to external, real-world asset value not directly correlated with fluctuations in the broader digital currency, global coin market. Tokens such as the USD Tether have increased in popularity as investors seek a relative safe haven within a blockchain, digital currency-based medium. However, existing tokens that seek to tether directly to fiat currencies have faced a host of issues, particularly in instances where their implementation requires token holders to convert between fiat currency and digital currency, or where the tethered assets are subject to uncertain regulatory regimes or are under the control of a hostile custodian.

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OilCoin designed to mitigate the risks of other tethered digital tokens in two principle ways. First, users of OilCoin may but never need to convert between OilCoin and fiat currency. At all times, OilCoin may be bought or sold for other digital currencies. Other than in very limited circumstances resulting from regulatory compliance, a purchaser of OilCoin will not receive fiat currency upon redemption of OilCoin. Secondly, unlike a tethered digital currency which holds its fiat currency as deposits in one or just a few banks or other financial institutions, OilCoin’s assets will be spread across a variety of reserve assets including physical oil, oil futures and interests in oil producing assets. These assets will be in multiple locations and with multiple custodians and counterparties thereby insulating OilCoin from heavily concentrated risk resulting from the failure of any one of them.

Emerging Regulatory Landscape

The substantial growth in digital currencies over the past few years has received significant attention from national regulators the world over. Notwithstanding, most countries at present affirmatively permit participation in ICOs and the purchase, sale and exchange of digital currencies without government registration or mandated disclosure.

Several countries, however (notably China, Russia and South Korea), have enacted legislation prohibiting participation in ICOs or transacting in digital currencies, including transactions on exchanges. The U.S. and Abu Dhabi have published guidance effectively limiting participation in unregistered ICOs to persons holding accredited investor status.

Many countries have long-standing laws regarding the issuance of securities. Which clearly implicated by the issuance and sale of many digital currencies. Though we not aware of any country which has sought to actively enforce these laws to restrict ICOs except in cases involving fraud.

Currencies all over the world

Similarly, many countries have laws restricting the cross-border transfer of currency, which would be implicated by digital currency transfer – though enforcement is often lax or sporadic. A number of countries have taken positions hostile to digital currency and it appears that digital currency transactions by nationals could result in adverse legal consequence:
these include Bangladesh, Bolivia, Dominican Republic, Ecuador, India, Iceland, Jordan, Thailand and Vietnam (again, enforcement may be sporadic – though severe).

Going forward, it seems likely that the trend toward increased regulatory scrutiny will continue. Though it does not seem likely that most countries will enact laws seeking to eliminate digital currencies altogether. It is far more likely that regulatory regimes will emerge that seek to create a fair. And efficient eco-system for an increasingly relevant developing technology.

Volatility-and-Dominance-of-Leading-Cryptocurrencies

These regulations will likely focus on:

(i) Enhanced disclosure of issuer information to reduce incidents of fraud. Also provide investors with trustworthy information upon which to make reasoned investment decisions.

(ii) Increased registration with governmental agencies and securities regulatory authorities to track and monitor the conduct of issuers, exchanges and purchasers/sellers of digital currencies.

(iii) Enforcement of laws against persons using digital currencies as
instruments in criminal activities. With a particular focus on money laundering, illegal currency transfers and use of digital currencies to pay for illicit goods and services,

(iv) Disclosure of transactions involving digital currencies for purpose of levying taxes.

Recognizing the ever-changing regulatory landscape from country to country, OilCoin 22 committed to developing a fully legally compliant digital currency to the maximum extent possible.

Cryptocurrency Risks

In a previous article, we talked about advantages of digital currency. Now let’s talk about cryptocurrency risks. Cryptocurrency is not an issue of the central authority theoretically rendering its immune to manipulate or interfere with the government. For you to understand cryptocurrency risks, you must, first, understand the blockchain or the platform’s features basing it. Blockchain is a decentralized, digitized, public ledger to transactions of the cryptocurrency.

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Constant growth as blocks completes recorded and in a chronological order adds to it. This helps in marketing participants to retain digital transactions of currency with no central keeping of records. Each node acquires a blockchain copy automatically downloaded.

Cryptocurrency Risks and Problems

So what is the main cryptocurrency risks and problems?

Business Risk

Confidence is lost in digital currencies due to currencies’ nascent nature, thus subjecting currency to a high uncertainty level. Online platforms have currently generated broad trading activity through speculators seeking long or short-term profit holding the digital currency. Cryptocurrency supported by the international or national organization, central bank, assets, or any other credit.

Their values determine strictly by the value placed by the participants in that market through participants’ transactions. This indicates that confidence loss may cause trading activities to collapse and thus the value to drop abruptly.

disadvantages-of-digital-currency

Fraud or Cyber Risk

Cryptocurrency has attracted a large set of community criminals (cyber risk) because it deals with cash currency. These criminals break into the crypto exchanges, drain the wallets of the and individually infect with malware used to steal cryptocurrency. As internet transaction takes place, hackers target the handling of the service, the people, and the storage areas through such means as phishing or spoofing and malware.

Investors have to rely on their computer securities’ strength systems and systems of the third party’s protection to protect cryptocurrency purchased from theft. Cryptocurrency highly depends upon companies unregulated. Some of these companies may lack internal control that is very appropriate. This makes it susceptible to theft and fraud than regulated institutions of finances.

The software requires regular update suspecting at times. Blockchain source of technology vendor results in exposing the third party to significant risk. Minimal way of recovery provided. Stealing the user the keys of the wallet leads to fair impersonation of the original account owner. This allows access to the monies the original owner has in the wallet. Once the bitcoins are transferred from the account and the transaction be committed to the blockchain, monies are forever lost from the one who owned it initially.

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Dangers of Cryptocurrency

Let’s talk about the dangers of cryptocurrency:

Irreversibility
The transaction is not reversible after the confirmation, and thus net is not safe.

Anonymous
Accounts and transactions not connected to the identities of the real world. This indicates that internet access digitalizes everything.

Speed of the Globe
The network transactions are instant and confirmed in a few minutes. They are very indifferent to your location physically. This is because they happen in a computer’s network globally. Also, third parties are not involved in validation and verification.

Security
For example, firm cryptography and the significant number’s magic make the scheme impossible to be broken.

No Gatekeeper
Everybody can download this software for free. After installation, one can either send or receive bitcoins or any other cryptocurrency.

disadvantages-of-cryptocurrency

Disadvantages of Cryptocurrency

Some disadvantages of cryptocurrency below:

Peer To Peer
For example, user controls their digital wallet other than using a bank. Access loss of your wallet, however, can make you encounter major challenges.

Access
Anyone having internet access and an account can freely use cryptocurrency. This is because they unrestricted to a given country and thus decentralized. Finally, they usually operate in twenty-four-seven across the world.

Privacy and Security
Blockchain technology, in which most of the platform runs, has proven to be entirely secure over time. Moreover, you can also remain anonymous. It is minor if any government report is inolved in making the aspects most controversial to cryptocurrencies.

Uncertainty
The pricing volatility of cryptocurrencies threatens and intimidates acceptance of widespread. Also, a currency should be reliable and stable to earn more trust and used widely.

data-privacy

Acceptance
Cryptocurrency can be widely used in the whole world in theory, like bitcoin. Many vendors, however, are not ready to educate or accept them because of their potential importance.

In conclusion…

To sum up, cryptocurrency risks contains a few things. Also, the growing secrecy and popularity aspects of cryptocurrency are attacking wide attention worldwide to all sorts of people. Features allowing for money secrecy and laundering attracts criminals. Investors, however, see significant gains of the opportunities going unreported. Likewise, many banks and governments have started to be cautious.

Oil Coin Crypto Use in Commercial and Consumer Transactions

OilCoin appears capable of widespread utility and adoption for use in cross-border commercial transactions in oil and oil-related assets. Prior to the creation of Oil Coin crypto, no currency has been denominated in barrels of oil. As a consequence, parties to a forward or future purchase and sale of oil assets outside of the same country (or currency zone) must record their transaction in a national fiat currency with one or both parties forced to bear or hedge the risk of cross-currency volatility as well as fluctuations in the price of oil.

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A cross-border, future market-price, forward purchase transaction settled in OilCoin cryptocurrency is one example where this risk may be avoided.

Oilcoin price

Since the price of one Oil Coin price of one barrel of oil, pricing a future purchase contract in OilCoin enables the purchaser of oil to purchase OilCoin on the date on which the contract take effect. Also pay those Oil Coin crypto at a future date in exchange for a fixed quantity of oil.

In the absence of OilCoin, the purchaser would force it to hedge or bear the risk of changes in both crosses. Yes, currency rates and the price of oil. Similarly, to the extent that changes in oil price quoted in a national fiat currency are expecting to track changes in that national fiat currency relative to other fiat currencies, pricing transactions in OilCoin will be an effective means to avoid currency risk in ordinary commercial transactions even for goods and services unrelated to oil.

oilcoin-price

Oilcoin in consumer transactions

At present, ordinary consumer transactions in digital currencies have had a significant appeal but limited adoption. This is due to a variety of factors, the most significant of which is the absence of a practical and ubiquitous solution which enables a consumer to pay for goods and services in digital currency and allow a vendor to receive immediate and guaranteed payment for a fixed amount of local fiat currency.

OilCoin has developed a partial but workable and highly effective solution to this problem through the use of branded debit cards supported by OilCoin’s valuable oil reserve assets. Under the OilCoin debit card program, a holder of OilCoin may reserve a portion of their OilCoin to support their crypto card issuance and use. From the vantage point of an OilCoin debit cardholder, their holdings of OilCoin will reduce as they make purchases. From the vantage point of the vendor, they receive immediate payment in full in local currency without making any modification to their ordinary business practices.

Advantages of Digital Currency

What are the advantages of digital currency? This is an issue that has been of interest to everyone since the beginning of cryptocurrencies.  First of all, digital currencies require lower fees, have fraud protection, simpler international payments, the volatility of prices.

advantages-of-digital-currency

Digital currency advantages

So what is the main digital currency advantages? As a legally compliant digital currency supported by valuable assets, all currencies will utilize best available protocols for digital currencies. Also it will help promote the ongoing change in the way global asset management and financial transactions occur by removing artificial barriers caused by legacy financial institutions, enabling:

  • True peer-to-peer payments anywhere in the world
  • Minimal transaction fees and processing time compared to traditional banking
  • Payments between pseudonymous parties ensuring financial privacy
  • Non-reversible transactions preventing chargebacks and fraud

Best altcoins all the time

Recent volatility in the price of digital currencies underscores the need for a stable and accepted digital reserve currency such as OilCoin. Though nearly 1,200 individual coins are recognized on www.coinmarketcap.com and supported for trading purposes, as of the end of November 2017 approximately 89% of the market’s approximately $300 billion total value reside in the 10 largest coins and a whopping 83% of total market value resides in only 4 highly volatile best altcoins (Bitcoin, Ethereum, Bitcoin Cash and Ripple).

benefits-of-digital-currency

Despite the surging popularity and recognition of the multi-billion dollar digital currencies, their volatility in recent months has been significant and is highly likely to continue. This volatility is attributable to a number of factors, principal among them being lack of liquidity. Moreover governmental restrictions and bans on ICOs, digital currency transfers and exchanges, and various protocol battles pitting miners and others with significant sunk infrastructure investments against individuals pushing for more function-oriented, rapid and scalable solutions.

It is reasonable to assume that increased government regulation and protocol wars will persist over the coming months and years and that the currency, platform or protocol that succeeds in today’s market will be replaced by competitive technologies or hard forks in the future.

Benefits of digital currency

Bitcoin has resoundingly proved this point as its dominance as recently at 2016 was broadly accepted and few expected the more robust and useful Ethereum protocol would take significant market share as quickly as it did. In late Q2 2017, Ethereum seemed well-positioned to overtake Bitcoin in terms of the total market cap during the course of 2017. Especially with
Bitcoin’s hard fork and SegWit events which occurred in the summer of 2017.

digital-currency-advantages

However, Bitcoin saw a remarkable, record-setting recovery in the second half of 2017 suggesting the ultimate the emergence of Ethereum as the dominant digital currency may either delayed or never occur.
Also remarkable was the emergence of Bitcoin Cash which has seen a fivefold increase in token price and total value in the last month alone.

Very few investors, traders or even digital currency experts have proven adept at anticipating future moves and values for existing digital currencies. Bitcoin, Ethereum, Ripple and virtually all digital currencies have continued their upward surge throughout 2017 despite the imposition of restrictions on digital currencies by China, South Korea and Russia among others. So investing and extreme volatility are the main benefits of digital currency.

Extreme volatility

The extreme volatility and surging prices displayed by leading digital currencies as they vie for global platform and protocol dominance have provided a compelling way to speculate as new digital currencies continue to emerge. Certainly, one can expect more disruptive currencies to emerge in coming years.

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However, extreme volatility is a strongly negative factor in market environments with declining values. Or if the goal for an investor, merchant or institutional or individual holder is price stability or value preservation. As a result, the role and importance of a currency like OilCoin – which is fully digital and blockchain supported but is also directly linked to and supported by reserve value derived from the most liquid and actively traded asset in the world – may be an increasingly critical one in future years.

Best Crypto to Invest in 2021

It is good to research the best crypto to invest in 2021 to make the right decision. People are moving to digital currency. There are several benefits associated with the currency, and they have been attracting a lot of attention. There are several cryptocurrencies you can invest in. It is good to research the several benefits of the given currency before you can invest in a given platform. Bitcoin is the leading cryptocurrency, but there are several alternatives you can try as well.

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Best crypto for 2021

The best crypto for 2021 is still Bitcoin. At the end of 2020, it was at an average of $19,857. Many people always trust Bitcoin, and it will be around for a long even if several alternatives are being fronted. For 2021, financial analysts predict Bitcoin will grow in value because of the increase in inflation in different parts of the world. People are looking for ways to protect their monetary value against inflation, and the cryptocurrency is predicated on gaining a lot in 2021. You can invest in Bitcoin, and you will never regret it.

Top crypto 2021

There are several another top crypto 2021 you can invest this year per from Bitcoin. Here are some of the top performers you can try if you would like to realize the best results in your investment:

Litecoin

It is a fast-growing cryptocurrency. People looking to invest in affordable cryptocurrency prefer it. The launch of a decentralized Litecoin based RPG game made the cryptocurrency popular. The fantasy game LiteBringer is based on the crypto coin, where the players make moves that translate into transactions. It is a crypto coin. You can try to grow your wealth.

TRON

The peer to peer network was initially launched on the Ethereum network. It works in such a way to will democratize the entertainment industry and content creation. Content creation is an industry that is growing, and the need for cryptocurrency will keep growing. Also, you can invest in cryptocurrency, and it will work towards helping you grow your portfolio. Its acceptance on significant platforms such as Samsung, Baidu, oBike, and Baofeng makes it a promising cryptocurrency you can try in 2021. It is among the top crypto for 2021 you can invest. The platform has been widely accepted, making it very promising for keen investors.

Best altcoins for 2021

Apart from Bitcoin, there are several alternative cryptocurrencies you can invest in. They referred to as altcoins. The best altcoins for 2021 will increase the chances of making more money. Take time to research and invest in the most promising. Here are the best altcoins for 2021 you need to check out:

Ethereum (ETH)

It is the second-largest alternative to Bitcoins. Several upcoming cryptocurrencies offer a lot of competition, but you will be better off if you can have it as an alternative investment. It provides more than a crypto trading platform. Ethereum platform powers smart contracts and decentralization of apps. It can be applied in commodities trade, business applications, and sciences. Moreover, the crypto platform diversification makes it a great alternative if you would like to diversify your portfolio.

Ripple (XRP)

The platform acts as a bridge between traditional currency and cryptocurrency. It can facilitate cross border payments. It is unlike SWIFT systems in banks that involve a lot of transactions, and they take time. Ripple aims at enabling international transfers of funds within seconds. Many international banks have adopted the cryptocurrency, making it a great option if you are after an alternative cryptocurrency to invest in 2021.

Tezos (XTZ)

It is a promising altcoin you can invest in, in 2021. Tezos stands out because it allows community members to focus and propose changes to how the cryptocurrency operates. It focuses on bringing about a decentralized autonomous organization.  Also, the application of proof of stake and formal verification ensures the transactions are correct. It comes with several features that solve the governance of crypto coins. It is a reliable platform you can have as an alternative in 2021.

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What are other alternatives to Bitcoin?

There are several; you can try IOTA (MIOTA), Stellar Lumens, Cardano, among others. It is essential to compare the benefits associated with the different cryptocurrencies before deciding on the best to try.

In conclusion, investing in cryptocurrency is a great move. Apart from Bitcoins, you can diversify to other altcoins so that you can be safe in case something happens to your cryptocurrency portfolio. Finally, several changes are being introduced, and diversification is key.

OilCoin cryptocurrency

OilCoin cryptocurrency is the world’s first U.S. based, regulatory compliant digital currency supported by verified oil reserve assets. OilCoin enables individuals and organizations to utilize a transparent peer-to-peer exchanged digital currency with intrinsic value based on oil. So oil -the most liquid and actively traded commodity and critical energy resource for the global economy.

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Each OilCoin cryptocurrency represents the value of one reserve barrel of crude oil. It will support by an undivided interest in a bundle of oil assets. It includes physical oil, oil futures and interests in oil-producing properties with an aggregate value approximating the aggregate value of all OilCoin in circulation.

Oilcoin – establishment causes

OilCoin structured with a view towards becoming the world’s leading safe-haven tokenized store of value. By linking each OilCoin token to existing and verified real-world assets, OilCoin enables holders of digital and fiat currencies seeking to preserve wealth, lock in the gain and/or avoid a loss to acquire, hold and transfer intrinsic value in digital token form.

In order to meet increased demand over time, the number of OilCoin in circulation and their supporting oil reserves are able to expand in tandem to maintain an approximate equilibrium between the USD price of a single OilCoin and single barrel of oil on global markets without diluting the interests of existing OilCoin holders. The embodiment of OilCoin’s store of value in a transferable digital token will enable holders to preserve wealth and engage in commercial and consumer transactions. Need to mention while avoiding volatility, inflation and devaluations associated with other digital or national fiat currencies.

Oil coin founder

OilCoin is founded and coordinated by a fully transparent, experienced and highly reputable team. It will manage the operations and development of OilCoin and act to ensure compliance with applicable laws of the U.S. and other jurisdictions. The OilCoin team includes Hon. Bart Chilton, long-time commissioner of the U.S. Commodity Futures Trading Commission, as well as other professionals with significant responsibilities in the fields of global financial regulation, compliance and management.

Oil coin cryptocurrency with Ethereum

OilCoin will drive by Ethereum-enabled blockchain technology in order to provide a robust and decentralized method of verification, tracking and exchange. The Ethereum blockchain is expected to provide an auditable and cryptographically secured global ledger and will facilitate transactions with other familiar currencies and assets.

In addition to the Ethereum blockchain, OilCoin will utilize audit methods to ensure that issued tokens supported by sufficient oil reserve assets at all times. Also, OilCoin will provide incentives to purchasers and sellers through customary sharing of transaction fees in the form of issuances of additional OilCoin.

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Oilcoin cryptocurrency advantages

At its core, OilCoin represents the peer-to-peer transferability of digitized commodity value. Also, OilCoin’s unique structure, verified intrinsic value and stable price provide meaningful economic benefits to its holders, purchasers and sellers.

  • (i) OilCoin will be a reliable store of value, medium of exchange and unit of account.
  • (ii) OilCoin will enable holders of other digital or national currencies to lock in gains and/or protect against ruinous declines in value due to inflation, volatility or currency devaluation.
  • (iii) OilCoin became an effective and tax-advantaged economic proxy for investments in oil. And to the extent of their positive correlation with oil, other commodities.

These characteristics, together with a continuous focus on transparency and regulatory compliance, position OilCoin to become the leading safe-haven digital reserve currency capable of appealing to global investors and consumers regardless of size, sophistication or capital base.