To purchase Bitcoin or other cryptocurrencies, you need an online or hardware wallet to trade and store your digital currency.

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities.
Want to trade Bitcoin or other cryptocurrencies, but don’t know where to begin? One thing you’ll need is a cryptocurrency wallet. Here are the answers to some commonly asked questions, and how to find the best cryptocurrency wallet for you.

What is a cryptocurrency wallet?
A cryptocurrency wallet — also known as a Bitcoin wallet or crypto wallet — functions like a traditional wallet, but instead of paper currency, it holds proof of your digital cash.

A cryptocurrency wallet stores the public and private keys required to buy Bitcoin or other cryptocurrencies, and provides digital signatures authorizing each transaction. These digital wallets can be a device, a program on an app or online website, or a service offered by crypto exchanges.

You’ll need to keep safe and secure your private key that allows you to unlock your crypto wallet in order to trade or spend your cryptocurrency.


More info: https://www.nerdwallet.com/article/investing/best-bitcoin-cryptocurrency-wallet#:~:text=A%20cryptocurrency%20wallet%20stores%20the,service%20offered%20by%20crypto%20exchanges.

Deposit Fees
Free. There are no fees for deposits.
Trading Fees
If you do not use BNB (Binance Coin) to pay your trading fees, each trade will carry a standard fee of 0.1%.
Using BNB for transaction fees applies a discount to your trading fee. By default, if you hold BNB in your account, your trading fees will be automatically subtracted from your BNB balance. (See: Using BNB for Fees)
Please, refer to our Fee Schedule to check your account's Trading Fee Level and other information.
For Margin trading fees and data, please refer to the Margin Data page.
For Futures trading fees and data, please refer to the Fee Schedule of Binance Futures.
Withdrawal Fees
Our withdrawal fees are dynamic and automatically adjusted based on the status of the market.
For our current withdrawal fees, please refer to our Fee Schedule.


More info: https://www.binance.com/en/support/articles/115000429332

As you launch your TronWallet app, after a short introductory splash screen, you will have two options to continue with your TronWallet experience: Create or Restore your wallet.
Clicking on Create Wallet will redirect you to a screen where you’ll be asked to enter a PIN number twice. This will be your password for the app. Once you create your PIN we will ask you to write down a combination of 12 words required to recover your wallet should you need to. We strongly recommend that you back those up in the manner of your choosing, most of us write them down somewhere safe. Clicking on “I’ve written it down” will prompt you to repeat those words in the same order by tapping on the word buttons on the screen. With the proper order of words, you’re ready to tap on confirm seed and start using your TronWallet app. For a limited time, there might also be a ‘thank you’ bonus for creating a wallet, so go get yours!


More info: https://blog.getty.io/how-to-tronwallet-tutorial-2228a6218646

wondering if now is a good time to buy ethereum? or maybe you’re not sure if ethereum is safe to invest in?

if you are new to the world of ethereum investing, you might be wondering if ethereum is a good investment, or should i invest in eth?

well, the easiest answers to those two questions is yes - ethereum is likely a good investment and investing in ethereum could pay off big time.

one of the biggest reasons to invest in ethereum is ethereum 2.0, an upgrade of ethereum’s algorithm that will transition it from proof of work to proof of stake.

phase one of the upgrade started on the 1st of december 2020 with ‘beacon chain’ and there are a further two phases that supposedly should be completed by the end of 2021.

if the transition is successful, it may increase the price of ethereum immensely. but that’s just one of many reasons why investing in ethereum could be profitable.

in this article, we’ll break all ethereum-related myths circulating online and help you come to your own conclusion on if you should consider investing in ethereum.


More info: https://trading-education.com/is-ethereum-a-good-investment-and-shall-i-invest-in-ethereum

TRON implements a version of Delegated Proof-of-Stake (DPoS) that was initially conceived by Dan Larimer and is employed on other networks like EOS. DPoS can achieve a higher transaction per second (TPS) than proof-of-work (PoW) networks like Bitcoin and Ethereum’s current iteration. TRON optimizes DPoS somewhat, however, with a system of ‘Super Representatives’ who are elected by TRX (TRON’s native token) holders and perform the brunt of network consensus. As such, Dapps can run more smoothly on TRON without encountering network congestion and high gas costs that at one time plagued Ethereum. While able to achieve a higher performance of roughly 2,000 TPS, DPoS consensus typically comes at the cost of more network centralization -- the example being there are only 27 Super Representatives. TRON is an open-source project with a sizeable Github repo primarily written in the language Java. The TRON Foundation, which oversees the development of the platform, has dual headquarters in Beijing and San Francisco currently. What once was a vision for a decentralized content distribution platform, TRON has morphed into a platform with a broader scope, going by the motto -- ‘Decentralize the Web.’ Since the official launch of the TRON blockchain, the community has been actively growing while seeking to foster a wider audience and developer population through incentives. For example, the TRON Accelerator was a month-long developer competition to build dapps on the network, with granular prize grants given to the leading teams and their dapps. Similarly, the TRON Arcade is a $100 million fund for developers to build Dapps, explicitly focused on gaming, on the network. Among current Dapps on the TRON network, games -- particularly gambling -- are by far the most popular regarding both number of users and TRX consumed.

Future Plans
Moving forward, TRON’s integration with BitTorrent will likely play a pivotal role in the future development of the network and its community. Similarly, TRON’s founder, Justin Sun, plays a conspicuous part in the promotion of the network and extending partnerships to third-party firms looking to leverage blockchain technology. The TRON roadmap completed its first significant milestone, Exodus, at the end of 2018 and just initiated its second major phase -- Odyssey. The Odysey phase will focus on encouraging content creation and development through economic incentives and is pegged to run through June 2020 and will be followed by ‘The Great Voyage’ phase.


More details: https://www.ledger.com/tron-wallet

The long answer:
 
Yes, but possibly no. To begin with, it is important to clarify what a good financial investment means to us. For some, interest rates of 2% at your local bank is considered a good financial investment. To hedge funds, returns rise to about 20-25% before it is considered a good financial investment. For the sake of argument, let’s say that anything above what the market would give you at relatively low risk is considered a good investment.
 
Due to the fact that stablecoins involve diving into the highly volatile cryptocurrency space, the risks involved are bound to be higher — meaning that that base returns should reflect that. The simplest and least risky method for you to make a good return on your investment into stablecoins would be lending them out, for which you can make about 6% interest. This is significantly higher than what banks offer you, but not nearly as high (nor as exciting) as using them as trading assets to speculate.
 
So, if you are happy with 6% — stop reading here. But if you are feeling like this doesn’t tickle your risk seeking nerve endings enough, keep reading.
 
Betting on stablecoins can be highly profitable in the long run, but the key words here are “can” and “long.” “Can” implies that if you bet against the right macro trends, stablecoins will be a key catalyst to insure your risk in cryptocurrency. This is the “long” bet that most crypto investors are making. If a doomsday scenario occurs, central banks will be affected drastically by their governing country’s situation. This can cause fiat currencies to plummet, and your wealth along with it. But, if you have your wealth in Bitcoin, the idea is that you are protected against these black swan events. Stablecoins offer something in between, more or less the best (and worst) of both worlds — a hedge that gives you time and power to decide where you want your wealth to be allocated.
 
The long view in this case also depends on macro social, economic and geopolitical trends. As global digital transactions increase, so will the demand of stablecoins, and with it the number of tokens in circulation. If you leverage your stablecoins, depending on the underlying blockchain and applications available to you, by staking or providing liquidity then you can also earn some of the network’s transaction fees. The more demand for your stablecoins, aka transactions, then the more fees you can ultimately earn.
 
But once again, you are betting on both the “can” and “long” variables that are very much out of your control. There is also the problem that if a black swan event occurs, chances are that it can drastically cause a plummet in demand for collateral to which your stablecoin is pegged to. A new battery can plummet the demand of oil, making oil-based stablecoins worthless. Any good investor will tell you that in dire times you should diversify your investments, and maybe that is the correct approach to investing in stablecoins as well. On the low end, it may be worth setting aside more circulated stablecoins like USDT and lending them out for interest rates that are higher than banks. On the high end, maybe you can experiment with a wide array of digital assets that are pegged to different things to make sure you are protected against a single, doomsday causing black swan event. But then again, if Bitcoin is poised to replace the USD, what would be the coin in staking a stablecoin pegged against it like the USDT?
 
In summary, stablecoins can be a good investment if you are doing so for the right reasons. Short term speculation is probably not that reason, but investing in the right projects can net positive results in the short run. The more realistic scenario would be investing in the industry. In this case, investing in the growth of the pie rather than the size of your piece could be the smarter thing to do!
 
See our solutions, visit our website www.stably.io
 


More info: https://www.stably.io/post/should-you-invest-in-stablecoins/