This is Bowens crypto knowledge base and it contains links to everything I have discovered and learnt about Crypto over the past year. Getting into crypto is not just signing up to an exchange and buying some coins. There are dozens of moving parts and a helluva lot to learn.
Obviously over time the more I’ve researched crypto, the more interested I have become in other real world solution coins (there are a dozen or so coins that will make our lives better) and I am trying to hold them as well, because I am all in favour for disruption and competition in the world today, tomorrow and in the future. Ripple, Ethereum, Litecoin, NEO, Cardano, Stratis, Lisk, Stellar are just a few that I presently hold.
Hold is the keyword, as I am not buying and selling like a crazy day trader. Buying and holding. Everything I have invested in is for the long term (2-5 years). You may have noticed I have not mentioned Bitcoin in that list. I sold my bitcoin, which I purchased at a fairly low price. It has increased in excess of 400% and dropped to around 200% depending on the day.
Bitcoin is a problem coin. It is too damn volatile. Nobody in their right mind would use Bitcoin for anything because one day you can buy a Pizza for 3 bitcoin and then next day the Bitcoin is worth $18000 (Expensive pizza). Not to mention the other problems Bitcoin faces namely slow transaction speed (anything from 4 hours to a day) and high transactions fees makes it a useless coin, good for nothing.
I have tried to sort out what I have found into their rightful groups. Feel free to use whatever you like, just remember they are links I have found on the internet and do not claim any of them as my own.
Exchanges (Primary and Secondary):
If you are going to sign up to any of the exchanges listed below, please use my referral code.
- Upcoin referral code: https://upcoin.com/?ID=f366d543 – Upcoin giving 500$ to the first 100 000 sign-ups.
- Coinbase referral code: https://www.coinbase.com/join/599d8104a47ab901dee55aa6
- Binance referral code: https://www.binance.com/?ref=15766889
- Cryptopia referral code: https://www.cryptopia.co.nz/Register?referrer=mruntappd
Before doing anything, it is important to be signed up and verified to at least one or two primary exchanges. (e.g. Bitstamp, CoinBase, Kraken, CEX.IO, Bittrex etc) and a couple of smaller secondary exchanges (e.g. Bittrex, Binance, Bitfinex, Cryptopia, Upcoin etc).
The primary exchanges accept fiat ‘old style’ money (AUD, BRL, CAD, CHF, CLP, CNY, CZK, DKK, EUR, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, MXN, MYR, NOK, NZD, PHP, PKR, PLN, RUB, SEK, SGD, THB, TRY, TWD, USD, ZAR) and this can be used to buy BTC, BCH, LTC, ETH, XRP and some of the alt.coins.
The secondary exchanges tend to hold all the alternative coins (e.g. NEO, ADA, STRAT, XLM, TRX, XVG, IOTA, POWR, SALT .. 1400 other coins etc), but these can only be purchased using BTC, ETH, LTC, DOGE etc.
IMPORTANT: Do not leave this exchange step to the last thing you do. Get signed up as soon as possible because the primary exchanges have massive sign backlogs (I am talking 100 000 new users a day since Dec 1st 2017), so verification is taking a long time across all the big exchanges across the world. In order to buy and sell on the secondary exchanges one needs one of the five main coins (BTC, BCH, LTC, ETH, EXP).
Below are links to Exchange review sites and actual exchanges.
- https://www.buybitcoinworldwide.com/exchanges/ – A great website describing the best exchanges in the world and their requirements for you to start trading.
cryptocurrency-exchange/ – another great guide on the best exchanges on the planet.
- http://www.wheretocoin.com/ – This website shows the exchanges and the coins they hold. An easy to see table showing exchanges and coins.
- https://www.bitstamp.net/ – Very good primary exchange, but it currently only has 5 coins (Bitcoin, Litecoin, Ethereum, XRP and Bitcoin Cash).
- https://www.kraken.com/en-us – I had terrible problems with this website back in July to September. Apparently it has improved a lot, but once bitten twice shy. (for me).
- https://bittrex.com/ – A very good secondary exchange – It has a lot of alt. coins and it easy to buy and sell, deposit and withdrawal. I’ve not had a single problem with them.
- https://www.binance.com/ – A very good exchange – lots of alt. coins – also has a desktop client for buying and selling crypto.
- http://coinbase.com/ – Probably the easiest, user friendly exchange on the planet (they say), but getting verified in the past month or two has been virtually impossible as they have such a large backlog. Has a good mobile app.
- https://cex.io/ – UK based exchange. (too many requirements to get started), but rated amongst the crypto world.
- https://www.cointal.com/ – a Ebay style bidding board.
- https://changelly.com/ – Exchange coins for other coins – fees are quite high.
- https://www.cryptopia.co.nz/ – Lots of alt.coins based in New Zealand, has some coins that don’t exist anywhere else and they need to be purchased with DOGE coin.
- https://www.bitfinex.com/ – It is okay, I used them a few times to buy and sell coins, but I did have a few problems with them when I did a NEO withdrawal. The withdrawal took over a week to arrive in my wallet. Fortunately I was able to track the withdrawal and Bitfinex were able to resolve the problem and emailed me and kept in touch, but I’ve not used them since.
How to keep an eye on the price?
🙂 Once hooked on cryptocurrency, you will be wanting to know the latest price (all the time). There are some very good websites and mobile apps for doing just this. See the links below:
- https://www.tradingview.com/ – The best charting, portfolio website for all stocks, currencies, crypto. The charts are created by people who predict the future price on something. The price can be long or short. One can see their chart as it was created back when and you can overlay the current day price on the chart, which shows you if the person was right or wrong with their prediction. It is also very social, so one can follow people, chat with people etc. The site is a pay site, but you can sign up for free and choose not to pay. The site can be loaded on a mobile easily, no app needed.
- https://cryptowat.ch/ – A view dozens of cryptos in real time. Some awesome looking charts that can be clicked into further.
- https://www.coinigy.com/ – This website brings all the exchanges into one screen via API. One can also trade, pull real time data into a spreadsheet, show balances for all coins across all exchanges. It is a pay site, which I am trialing for a month. So far I’ve liked the balance page, which pulls in all my coins balances from all different exchanges around the world, which is a lot easier than logging into each exchange individually.
Converters and Trackers:
- https://walletinvestor.com/ – A very converter, seems to have all the coins even the most obscure coins like PAC.
search?q=bitcoin+to+dollar&oq= bitcoin+to+dollar&aqs=chrome.. 69i57.4594j0j7&sourceid= chrome&ie=UTF-8 – A very quick Bitcoin to Dollar conversion.
converter – another calculator and converter.
- https://currencio.co/cryptocurrencies/ – pick a crypto and convert it with anything. A great site.
- http://cryptomaps.org/ – Heat maps of the biggest cryptos. Useful information.
- https://blockexplorer.com/ – Shows the blocks for each transaction.
– Block explorer for Bitcoin, Litecoin, Dogecoin and more.
- http://www.bitbonkers.com – Some bitcoin fun
- http://fiatleak.com/ – Each trade results in a Bitcoin being sent from the currency counter in red to the country on the map.
Coin Market Caps:
- https://coinmarketcap.com/ – Coin Market Cap for all crypto.
- https://onchainfx.com/ – Coin Market Cap (this is a better site imo).
- My recommendation Ledger wallet Nano S – hardware wallet – https://www.ledgerwallet.com – Lots of currencies supported.
- https://www.dashforcenews.com/ledger-nano-s-review/ – a great review on the Ledger Nano S.
- Rippex – A well supported soft XRP wallet.
- NEO – How to set up your NEO wallet on the Ledger Nano S?
- How to withdraw NEO from Bittrex Exchange when getting Error Message: Your withdrawal amount must be an integer. See the withdrawal instructions for the currency for more details. See this link for more details.
- NEO software wallets that work with the Ledger Nano S.
- FreeWallet – https://freewallet.org/ – for both Android & iPhone.
- Verge Tor wallet – Great for storing XVG coins.
Websites on crypto:
versus-ethereum-why-neo-might- be-2018s-strongest- cryptocurrency-79956138bea3 – A really good article on the differences between Ethereum and NEO. (I invested after reading this article).
how-to-buy-bitcoin/ – How to buy bitcoin? – the ultimate guide.
- https://getcrypto.info/lisk/ – LSK – How to buy Lisk?
– XLM – How to buy Stellar Lumen?
buy-xrp-on-bitstamp/ – XRP – How to buy Ripple XRP on Bitstamp?
rippex-guide-for-storing- ripple-xrp.89/ – A great forum.
wallets/#/overview?f1=XRP – Bitcoin wallets and comparisons
- https://cellardoorway.com/2017/12/24/the-case-for-ripples-xrp-a-brief-overview/ – Cellar Doorway – summary of XRP.
- Exchanges to buy and sell cryptocurrency – http://www.lookatbowen.com/
exchanges-buy-sell- cryptocurrency/ – A post I did on exchanges.
- Kraken is a terrible bitcoin exchange – http://www.lookatbowen.com/
kraken-error-520-web-server- unknown/ – A post I did on Kraken.
- My first crypto trade, learning about wallets, exchanges, deposits and withdraws – http://www.lookatbowen.com/
cryptocurrency-ripple-xrp- traded/ – A blog I did on Ripple XRP and my first trade in Cryptocurrency 5 months ago.
- 2centview.com – http://www.2centview.com – is run by a good friend Jav Bose. He has some great stock tips and an even better investment strategy page, which I use for my crypto trades.
- Watch this video https://www.youtube.com/watch?v=ivWqqfzunhI to discover what IOTA is.
will-surpass-bitcoin- eventually-and-heres-why-and- when/7447/7 – NEM, what it is?
what-is-stratis/ – What is STRAT?
- What is NEO to GAS? – https://neotogas.com/
What is the Blockchain?
- https://discordapp.com/ – Discord is a chat tool used primarily for gamers, but there are many great crypto channels for chatting to like minded folk. You can find me in #zerpspub.
- https://www.xrpchat.com/ – a forum with plenty of discussion about Ripple, XRP and the Interledger Protocol.
- https://www.reddit.com/user/bearableguy123 – Read through this chaps posts on reddit.
Interesting topics every trader should read:
- Add # or $ on the front of the ticker and search e.g. #XRP, #BTC, #ETH, #NEO, #STRAT, #XLM, #ADA etc.
Random XRP goodness:
In July 2017 after literally hundreds of hours and many late nights of research across many different cryptocurrencies, I decided to make my first small investment into Ripple XRP. The price of one coin was $0.17. I invested in them because Ripple are solving a real world problem that has been around for a very long time. Slow cross border payments.
Think about it, how long does it take to send money from one country to another? Three to five days in the first world if one is lucky, which is crazy in this day and age. Some countries it can take a lot longer. Now there are some 100+ banks that use Ripple XRP and they are doing those transactions in seconds. For me this is no brainer and a technology worth investing in.
One day folk will realize this. XRP will be the coin along with a few others mentioned above that will rule the world in the future. Below are mostly links on XRP.
- https://ripple.com/files/xrp_cost_model_paper.pdf – XRP Cost model paper.
- https://www.youtube.com/watch?v=T11hziIcozU – The Next Generation of Cross Border Payments 11th SSDR.
com/ – The best insight into XRP Ripple online. This bloke knows so much.
- https://www.reddit.com/r/Ripple/comments/7l94ng/ripple_subreddit_rules_helpful_links_answers_to/ – Everything one needs to know about Ripple.
- https://jbuty.com/how-to-get-crypto-currencies-rates-and-more-in-google-sheet-1a57e571bc14 – A brilliant API that pulls in crypto prices, volumes, tickers, prices etc into Google Sheets.
- https://ripple.com/insights/10-things-need-know-xrp/ – 10 things you need to know about XRP.
- Arrington XRP Captial – A hedge fund focused solely on XRP. This should be very interesting.