NEO Coin vs Ethereum, which coin should you invest in? This is a very important question for many people these days because we need to understand what coin should be invested in or which coin is the best one for a long term holding. This article should help clarify which one works best for you and which one you should be holding onto for a different purpose.
I will admit that this guide is quite long and annoyingly heavy in technical terms that most people will not like to process and parse on their own, although there are tons of guides explaining the subtle nuances in between different cryptocurrency coins like Bitcoin, Litecoin, ZCash, NEO Coin or Ethereum, many of them lack the requisite complexity of this guide in order to help people actually understand what is going on in the cryptocurrency market. Many times, these other guides never explain in-depth how the technology behind the coins function, and therefore I’ve created this guide to help alleviate this problem.
This article will tend to be biased a bit more towards Ethereum in terms of explanation as I’ve spent more time researching and investing (and even developing – as a minor software developer on the Ethereum developer team) and therefore I will be explaining ethereum more in-depth. Research NEO coin in depth more using the included documentation and the Discord servers that they provide on their websites and Subreddits.
This will take a long time to parse, so sit down and relax while you read this (30 minute long article) and get a drink while you read and relax while absorbing crucial knowledge required to understand and invest well in cryptocurrencies like NEO coin, Ethereum, Litecoin, Bitcoin, ZCash, and many other assortments of other cryptocurrencies.
There seems to be no end to the craze among people to invest in cryptocurrencies. The mania still does not seem to end. There are people even mortgaging their house to invest in cryptocurrencies to get rich.
If you are one of them who wants to start exploring and investing in cryptocurrencies, then here is your guide.
What is the method to buy cryptocurrencies?
Cryptocurrencies can be bought from others on the marketplace,Truly Coin. You can also open an account with a digital exchange or a broker to buy and sell cryptocurrencies.
You will get a wallet where you can store the digital cryptocurrency. Whichever exchange you may use you will need a cryptocurrency wallet to store your money. Thewalletwillstore the secret number which is the private key that is used to give access to your Bitcoin. You can use any marketplace and still have access to the same private key.
Steps to buy your first cryptocurrency
The following steps will make it easy to understand how to buy your first cryptocurrency
Set the exchange that you have chosen. Most of these exchanges will want you to connect with your bank account so that you can make your purchase
You are now ready to buy your first cryptocurrency. Just go to the buy section and select the number of coins that you wish to buy. You can buy the Bitcoins using a credit card, cash or a bank transfer
Buying your first cryptocurrency feels very confusing for most people. This is because it seems different from buying stock or any other security. This is something that people have never seen nor experienced before. When you buy cryptocurrency you get the digital coins.…