By the end of 2017, “Bitcoin” and “cryptocurrency” were all that you would’ve heard no matter where you went. In 2018, the potential for growth for cryptocurrencies is just as good as it was last year. The sheer number of these virtual currencies in the market might be overwhelming for you; that is how many cryptocurrencies exist.

I’m in no position to tell you which cryptocurrencies you must invest in (I’ve invested in Cardano, Ripple, and TRON, though). What I’m in the position to tell you is which cryptocurrency wallet apps you could go for. So here are some of the best cryptocurrency wallet apps in 2018:

Binance

I honestly haven’t found any cryptocurrency wallet app to better than Binance. The app has every feature that the website has so you wouldn’t miss out on everything. Its interface might be a bit confusing at first, due to the wide variety of coins available on Binance. But once you get the hang of things, the app is incredibly fast and easy to use. If you’re one of those regular traders, look no further. One of the main reasons why I use Binance is that it is safe. It supports two-factor authentication (2FA) which gives you extra security for your cryptos. Moreover, the transaction fee is pretty low on Binance, so you can save up a lot of money in your transactions if you’re using Binance.

Coinbase

Coinbase claims to be the world’s best place for trading cryptocurrencies. If you’re anything like me, you probably would’ve started trading using Coinbase. I had read a lot of reviews about various crypto wallets before deciding that I would use Coinbase to begin my crypto adventure. And I wasn’t disappointed. Coinbase has a lot of cryptocurrencies and has every feature one would need in such an app. One of the biggest benefits of using it is that it helps you in finding merchants who would accept cryptocurrencies for payments. The only disadvantage of Coinbase is that the fees are a bit higher than most of the other apps. But if you are a beginner, you shouldn’t worry much about the fees and should focus on learning how to trade well only.

breadwallet

While it is perhaps not the most famous one on the list, breadwallet is the most secure wallet. But before we talk more about why breadwallet is on the list, let me tell you that it is a Bitcoin wallet. So if you’re planning to invest in other cryptocurrencies, you should go for the wallets mentioned above. But if you’re serious about safety and speed, go for breadwallet. It connects to the bitcoin network directly, so you’re safe from server hacks. The design of the app is simplicity at its best. The best part of using breadwallet is that it is free and open source. It has absolutely no extra transaction fees and also allows you to send any amount of money instantly.

Every cryptocurrency wallet app has its own share of advantages and disadvantages, and there might be plenty of features which you would make up the perfect cryptocurrency wallet app in your opinion. BrainMobi is a leading mobile app development company which could make that app for you. Our team of top mobile app developers has an in-depth knowledge of cryptography and the concepts revolving around it. The apps that we develop outperform their competitors at various app marketplaces on which the apps are launched. Send us an email telling us about your requirements at sales@brainmobi.com to get a free quote on your app idea!

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While January saw a lot of people bailing out due to the decreasing prices of Bitcoins and many altcoins, many of us still HODL our cryptos close to us. The crypto markets have seen abrupt highs and lows over the last couple of years, so the lows don’t scare me. It did scare quite a lot of people who sold their cryptos recently since they were afraid they’d lose out on all of their money. If you’re planning to sell your cryptos or are planning to get into it now, here’s a word of advice that is as important to investing in cryptos as water is to your body:

“Never invest money you can’t afford to lose!”

Once this is clear, you wouldn’t fear the lows because you know that you would see highs sooner or later. That’s how things go when you invest in cryptos. It is a highly unpredictable and volatile market so you need some research and patience, but that’s all you need.

Anyway, this isn’t “Crypto Investment 101”, this is “Investment Assessment: Bitcoin vs Ethereum vs Ripple” so I’ll start off with discussing the three.

So What Are Bitcoin, Ethereum, and Ripple?

Bitcoin is a worldwide payment system. It is a decentralized digital currency, ie, it works without a single administrator or a central bank. Being the first cryptocurrency, it is the most famous one. Most of the famous celebrities you’ve seen in the news have bought Bitcoins. The main idea behind it was to have an alternate currency.

Ethereum furthers the concept of cryptocurrencies using a different approach. Instead of using proof of work, which Bitcoin used, it uses proof of stake. Unlike proof of work, where miners were rewarded to solve mathematical problems to validate transactions and create new blocks, proof of stake chooses the creator of new blocks in a deterministic way on the basis of its wealth. Check out the difference between proof of work and proof of stake for an in-depth explanation.

And then there’s Ripple. It is against everything that cryptocurrencies stand for. While Bitcoin and other cryptocurrencies are decentralized with no single administrator behind it, Ripple is run by a company of the same name. The company can end Ripple whenever they want and you can’t do anything about it. Moreover, Bitcoins are dispersed while Ripple owns 60% of XRP tokens. Another huge difference in Ripple is that it has 100 billion pre-mined coins. As you can see I’m not too fond of Ripple.

Which Ones Are Good For Investment?

I’ve been repeatedly asked this question and all I can say is that go for the one you wish to trust. I have faith in Bitcoin, so I’ve invested in Bitcoin. I’ve also invested in Ethereum but that’s quite a less amount of money, so I wouldn’t consider that as a full-fledged investment.

Based on their performance in the past, you can see how profitable each of them has been. Bitcoin rose over 1500% last year while Ethereum rose by a significant amount. Ripple recently beat Ethereum at market cap, which is quite a big achievement. A few friends of mine sold their XRPs off at that time and made thousands off of it.

So if I were to suggest you which coins to go for only for investment purpose, I would ask you to invest in all three. Buy Ethereum using 50% of the money that you set aside for investment (quick reminder: you should be able to AFFORD TO LOSE THIS MONEY!). With the remaining 50%, buy Bitcoin using 30% of it, and Ripple using 20% of it.

The reason behind this split is the fact that Ethereum is one of the big three cryptos (Bitcoin, Litecoin, and Ethereum) and perhaps the fastest one of them. Hence keeping Ethereum is profitable. Moreover, you can use Ethereum on exchanges to buy the altcoins which you trust. Honestly, you could use Bitcoins for buying altcoins as well but since the market changes quickly, and Bitcoins take hours to transfer, you would miss out on great spontaneous opportunities. Hence, the best option you have is Ethereum.

On the second position, I ask you to buy Bitcoin since I still believe in it, and I’m sure there are many who do. While it seems that the bubble has burst, there would be another big wave and you really wouldn’t want to miss out on riding on that one.

Lastly, buy some Ripple. While it is everything cryptos are against, from an investment point of view, Ripple is quite an investment. If you’re afraid that the company would discontinue XRP, you could always sell it when it’s high.

So there you have it. I’ve compared the three as briefly as possible for the busy investors out there. If you’d like to know more, reach out to me on Twitter. And if you’re really serious about investing and have a sizeable amount of money you can invest, go ahead and get a crypto app developed. BrainMobi is a leading mobile app development company, so no matter what your crypto need is, we can build it. Send us your requirements at sales@brainmobi.com to be blown away by a world of new opportunities!

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Bitcoin, as you might already know, is the first and perhaps the most famous cryptocurrency in the market right now. According to Wikipedia, “A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets”.

What is mining?

You might have heard this term a lot of times in the news and across the internet.
Since there is no central authority in cryptocurrencies(since they form decentralized networks), some mechanism is needed to prevent people from abusing it. Hence, there was a rule set by Satoshi that there would be people who would be using their computers to find the hash that connects a block with its previous block. A hash is what you get as a product of any cryptographic function. Bitcoin uses the SHA 256 hash algorithm. This process of finding hash functions is called mining, and those who carry this process out are called miners. The model is called proof-of-work. Proof-of-work is the most popular mining model in the crypto world.

Why is Bitcoin so popular?

To start with, it’s huge! At its peak, people paid about 20,000 USD to get a single bitcoin(BTC). At the time of writing this blog, the cost of a BTC was almost 14,000 USD, and this was after a major drop in the market. Compare it with the share market, and you’ll see how significant this figure is. There isn’t a single share in the share market which is a match for it.
Another factor at play is luck. It isn’t that there haven’t been tries at creating alternate currencies earlier. There have been plenty of such tries in the 90s but they didn’t end up well, with the concerned personnel ending up in jail. Bitcoin survived, and that, in itself is quite an achievement well worth the popularity.

What does 2018 have in store for Bitcoin?

Bitcoin prices are bound to rise in 2018. A lot of influencers have invested in Bitcoin, so those who follow them are likely to invest in Bitcoin. Microsoft, Expedia, Overstock, and WordPress are just some of the big names which accept Bitcoin as a mode of payment. It has been announced that Amazon would soon be accepting Bitcoin, so that’s another one up for Bitcoin. So, the prices would certainly rise. To what extent would be a better question. We already know how volatile the market is when it comes to cryptocurrencies so it is hard to say what the extent would be. But we can know for sure that there would be a rise.

How can you invest in Bitcoin?

You could either buy them using a Bitcoin wallet of your choice. There are quite a lot of them in the market so you could choose your favorite amongst those. Your wallet allows you to store bitcoins. Alternatively, you could ask for them in exchange for a service you give. If you’re in it for the long run, you could get a cryptocurrency exchange app developed by BrainMobi. We are one of the best mobile app development companies around, and we’re really into cryptocurrencies. Our team has a deep understanding about them and about various ways in which they can be used for the greater good. Send us your requirements at sales@brainmobi.com for a free quote on your idea!

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