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MyCryptoParadise Blog
Stories from the best &
most trusted crypto experts
How can Blockchain change the world we live in?
Blockchains have unquestionably revolutionised the world, whether it is through the use of cryptocurrencies, non-fungible tokens, games, or the delivery of vaccines. Bitcoin and blockchain technologies are transforming the way we think about everything from money to...
What is the Metaverse and how can it benefit crypto traders?
Crypto virtual economies are the future frontier of global cryptocurrency landscape, and the Metaverse is leading this Web 3.0 internet transformation. The Metaverse is a network of linked, immersive, three-dimensional virtual environments in which people from all...
How to send crypto from Coinbase to Kucoin?
Coinbase is now widely recognised as the best cryptocurrency exchange for beginners, owing to the fact that it provides a user-friendly, streamlined design that enables users to seamlessly jump into the world of cryptocurrency trading. Coinbase also makes it very...
How to create an account on KuCoin and start trading like a PRO
KuCoin is a Bitcoin and cryptocurrency exchange that provides traders with a simple and user-friendly platform. Despite the fact that it is a newcomer to the cryptocurrency trading industry, KuCoin has quickly established a reputation for itself because of...
What is a Bitcoin Halving?
The most recent Bitcoin halving occurred on May 11, 2020, and the next halving is expected to take place in 2024. You may be asking what halving is. What purpose does it serve? What effect does this have on Bitcoin? And what does this signify for miners' long-term...
What is Polkadot
Polkadot is a blockchain project founded in 2016 to connect several specialized blockchains into a single unified network. It can best be described as the blockchain of blockchains as it facilitates an avenue where users can launch and operate their blockchains....
What is Defi Lending? Everything you need to know
Decentralized finance (DeFi) is an environment built on the Blockchain Network to support financial applications without the involvement of third parties. The industry has kept on booming with a total of $236B in Total Locked Value. With a growth index of over 20 fold...
What is Cefi? How does it work? What are the risks?
A decade ago, the financial world witnessed a threatening revolution from the introduction of Bitcoin and the plethora of other cryptocurrencies that were inspired from it. Cryptocurrencies were introduced with the intent of decentralizing the financial trading...
How to Run a Bitcoin Node
Bitcoin is a decentralized currency bolstered by a set of diverse cryptographic protocols. Bitcoin is also a peer-to-peer network established and run on top of a diverse set of consensus rules and protocols. These sets of diverse rules provide value to the Bitcoin...
What is Curve Finance?
Despite launching in January last year, Curve finance is quickly becoming a household name in the DeFi space. Curve Finance is one of the most popular platforms in DeFi today thanks to its features, decentralized autonomous government, and the way it handles things....
What is a security token offering?
Blockchain is undoubtedly one of the fastest-growing sectors in recent history, it’s groundbreaking decentralization model is being embraced with open arms by industries far and wide. Most of its popularity is derived from the advent of cryptocurrencies, which this...
What is Bitcoin SV? Everything you need to Know
Satoshi Nakamoto launched Bitcoin as a peer-to-peer digital currency exchange medium. The main goal was to decentralize finance from central authorities such as central banks. However, with time, developers of such blockchain protocols found new loopholes in the...
How to detect and prevent Crypto Jacking?
The majority of financial transactions and shopping takes place online these days, with more people than ever taking part in such activities. As a result, cryptocurrencies rose to prominence as well. In 2009, Satoshi Nakamoto (a pseudonym) made an unintentional...
What is a Non-Fungible Token (NFT)?
Fungibility is a term used in economics to refer to the interchangeability of units without causing them to lose their original worth. Non-fungible assets are ones that cannot be traded for another asset, thus classifying them as non-fungible in the first instance....
What is bitcoin cold storage?
Bitcoin launched in 2009, and cryptocurrencies have grown heavily in popularity, especially over the past few years. As a result, virtual currencies are increasingly being used and accepted, and users and investors have grown in number. However, as a result of the...
How to create a bitcoin address?
The same way that emails are used to guarantee that the correct person gets your message, bitcoin addresses are used to ensure that the message is delivered to the proper person. It's critical to keep an eye on your currency at all times. One of the most advantageous...
What is the difference between ICO & STO
As an ideal crowdfunding solution, Initial Coin Offerings (ICOs) have gained a lot of attention over the past year. However, their lack of regulation has contributed to the fraud. Security Token Offering, STO, on the other hand, is a new type of crowdfunding solution....
Everything You need to know about Binance Smart Chain
Ask anyone their opinion as to which is the best cryptocurrency exchange, and five out of ten times, Binance will make the selection. This Malta-based exchange founded in 2017 runs so close in competition with Coinbase as the top cryptocurrency exchange. While...
What is dollar cost averaging and How to make money with it on Binance?
How to Make Money with Dollar Cost Averaging on Binance Dollar cost averaging (DAC) is an investment strategy native to traditional investment vehicles such as stocks. The advent of blockchain technology has led to the integration of traditional investment strategies...
What is Binance Cloud? What are the benefits of using it?
Binance crypto exchange launched only in 2017, quickly gaining traction to become the biggest exchange for digital assets by trade volume. Indeed, Binance has cemented this position through a couple of well-thought strategies, including the open forum initiative. In...
What is Wrapped Ethereum?
Most of us are familiar with what Ethereum/Ether/ETH is. Here is a little recap just in case; Ethereum is a blockchain-based software platform that runs a digital currency called an Ether initialized as ETH. Ether is a native token on the Ethereum network, but the...
What is CryptoJacking? Everything you Need to Know
In the far-off past of 2009, a new revolution of cryptocurrencies was debuted to us when Bitcoin became the world's first decentralized digital currency. At that time, no one clearly knew who invented it, how trustworthy was its visions, and how far its dreams would...
How to create stop loss and take profit target to trade crypto on Binance successfully
For the modern crypto trader it is really important to understand how trade orders work on Binance and what benefits and drawbacks they will bring when exercising your trading skills. In this article we will be talking about the different types of trading orders and...
Is Binance the best crypto trading exchange?
More than a decade ago, the world was exposed to the concept of cryptocurrencies, and as time passed, we saw a plethora of cryptocurrencies enter the market. Surprisingly, as the number of cryptocurrencies increased, so did the need for exchanges grew stronger within...
What are Exchange-Based Tokens?
Cryptocurrency exchanges connect the buyers and sellers of crypto to facilitate cryptocurrency trading. In essence, cryptocurrency exchanges assume the roles of banks and security exchanges in a digitized model to enable digital asset trading. Traders on such...
What are the Risks and Opportunities in Investing in Altcoins
Bitcoin has dominated the crypto scene since its inception in 2009 by the pseudonym Satoshi Nakamoto, both by market capitalization and popularity. In recent times, however, altcoins have eaten into Bitcoin’s market share. According to Coin Metrics, Bitcoin’s market...
What Is the Risk/Reward Ratio and How to Use It?
The crypto industry, though upcoming, is lately flexing its potential, factoring in the fundamentals of similar fields. These fields that crypto has primarily borrowed from include forex trading, stock markets, and the banking sector. For instance, forex trading and...
What is Bibox? How to trade on Bibox?
Bibox is a revolutionary cryptocurrency exchange that integrates AI enhanced and encrypted algorithms to aid in trades and transactions. Founded in 2017, the exchange is owned and run by a talented team of Chinese blockchain and cryptocurrency experts comprising...
Why Does Volume Matters in Crypto?
Trading can take many forms, just as there are many traders. Deciding whether a specific investment route is a perfect fit for you is established on an array of diverse factors, such as the types of assets that best fit your risk tolerance, expectations, market...
What is Yield Farming?
Yield Farming, also referred to as liquidity mining, is an aspect of Decentralized Finance that lets investors maximize their assets. Stating it in lay terms; Yield farming earns you passively by ‘putting your crypto assets to work. Liquidity mining provides an...
What is the Golden Cross and Death Cross in Crypto?
Chart trends for technical analysis are abundant. But for day traders, swing traders and long-term holders, certain trends profit. These patterns are also called the golden cross and the death cross. Before diving into what golden cross and death cross patterns are,...
What is BETH and how to use it?
The crypto space has in recent times lured a great deal of attention from investors and traditional market traders such as forex traders. This attraction attributes to the immense financial gains investing in crypto offers. Ethereum, a worthy Bitcoin challenger, for...
What is Mycelium Wallet? Everything you need to know about Mycelium Wallet
Mycelium is among the most famous Bitcoin wallets that are available in Android and IOS. It runs competitively with similar apps like Bither, Breadwallet, Edge, Coinomi, and Green Address but remains an industry-leading software application for Bitcoin transactions....
How to Recover Crypto Transferred to the Wrong Network on Binance
Crypto traders on Binance apply trading strategies such as day trading and hodling. Day traders prey on hourly or daily market swings to maximize gains. Hodlers hold their digital assets for a long time, potentially selling them during market bull runs to fully...
What is an IEO?
If you have been around cryptocurrencies, you have undoubtedly heard about Initial Coin Offerings (ICOs). However, IEOs might still be new to you. IEOs, short for Initial exchange offerings, are very similar to ICOs. As the name suggests, IEOs are token sales...
ICO vs IEO? What are the differences?
You’ve probably come across Initial Coin offerings or ICOs, and Initial Exchange offerings or IEOs if you’ve been a part of the cryptosphere. With the crypto sphere expanding, we’re being introduced to many startups and upcoming crypto projects that need to raise...
What is DEX? How does it work?
You’ve probably had your fair share of hassles with cryptocurrency exchanges and their lengthy KYC verification processes. Sign up with your email, choose a strong password, set up two-factor authentication, verify your account, hope your account gets verified, and...
What are stablecoins?
It is fair to say that virtually every sector will be elevated by Blockchain. The technology is aimed at introducing innovative and enhanced payment systems for people around the world through a number of its emerging applications. The technology of Blockchain seeks...
What is stop-loss in crypto trading? How to use it?
With the cryptocurrency market cap crossing $2 trillion over the weeks, more and more people are jumping in on the bandwagon and trying out cryptocurrency trading. While cryptocurrency trading shares most of the same fundamentals of conventional trading, the medium...
How To Trade Ethereum in 2021
Ethereum has gained quite a lot of criticism over the past couple of years; however, a significant part of the community believes it will have the potential to provide better gains than Bitcoin itself soon. With the expectation of Ethereum 2.0 to roll out in the...
What Is Uniswap and How Does It Work?
For years, centralised exchanges have always been the basis of the cryptocurrency industry. With fast settlement times, high trading volumes, and increasingly improving liquidity, Centralized exchanges have been the cryptocurrency market’s backbone. Interestingly,...
Is it too late to invest in Bitcoin? Let’s find out.
Bitcoin topped at almost $58,000 this week, a record high. With the market cap inching towards $1 trillion, is it really okay to consider that Bitcoin has gone mainstream? Larger companies such as Tesla, Paypal, and Square are catalyzing Bitcoin’s mass adoption by...
How to trade cryptocurrency using Moving Averages in 2021
Moving averages are one of the most influential indicators across all markets. As the name suggests, the moving average measures the average price at which the asset is trading for a given duration. The 'moving average' is widely known as the arithmetic mean or the...
3 Best Crypto Trading Strategies of 2021
Despite the digital asset market being lucrative, its volatility has always been an issue to most crypto traders. If you’re new to crypto trading you are perhaps curious to know how traders keep track of market dynamics and continuously make profits from invested...
What are the Key Elements in Performing Fundamental Analysis of Cryptocurrency
Whatever investment one decides to venture into, there are always inevitable risks involved. Crypto investing, being one of the ventures considered to be risky due to the high volatility nature of digital currencies, as an investor, you can either gain or lose money...
Dogecoin Price Prediction of 2021
What started as a meme cryptocurrency has taken its place as the 12th largest cryptocurrency with a $7 billion market cap under Dogecoin. The cryptocurrency was created by a duo, Jackson Palmer and Billy Markus, as a dig at cryptocurrencies in the market. Centered...
Everything you need to know about Dogecoin
Dogecoin (Doge) is a cryptocurrency that rapidly gained the interest of investors, following the support of SpaceX creator Elon Musk and other giant companies including Nissan Motor Manufacturers. Dogecoin is a digital currency that can be used to safely carry out...
What is Ethereum 2.0, and Why does it Matter?
Ethereum gained a lot of success in early 2015 after its founder, Vitalik Buterin and his team of talented developers introduced a groundbreaking smart contract ecosystem to the blockchain industry. The smart contract soon created a whole new universe in the crypto...
What is Swing Trading Strategy?
Crypto trading has come a long way since the inception of the first digital currency, Bitcoin, in 2009. During the period after its launch, Bitcoin largely remained valueless. No one had purchased the coin nor invested in it. Today, more and more investors and...
What is Ethereum and Ethereum Classic?
If you follow the cryptocurrency ecosystem, you probably know about Ethereum and Ethereum Classic. The community is pretty divided on this topic. It all started with the infamous DAO Attack and Ethereum trying to mitigate damages nearly made a whole new Ethereum....