Robinhood Investing For Beginners 2021 (Step By Step Tutorial)

Video transcription

What is going on, you guys Welcome back to the channel, So in this video today, I’m gonna give you a step-by-step tutorial of how Robinhood works for a complete beginner. I’m gonna show you a lot of different things in this video and I also am going to include timestamps down below that way. If you wanna skip ahead to a certain section of this tutorial, you are more than welcome to do that, but just to give you guys a general idea of what I’m gonna cover to make sure you’re in the right place. I’m gonna talk about the free stock offering from Robinhood and how you can get a free share of stock just for signing up

We’re gonna cover what stocks and ETFs are available for trading in the Robinhood app, and how to find different stocks that you may want to invest in. We’re also going to cover crypto trading and options trading, I’m gonna actually purchase some crypto and purchase some options, just to show you guys how you go about doing that.

We’re gonna go over an overview of the cash management product that Robinhood has if you’re looking for high yield savings. We’re gonna talk about how you find different investments within the app, how to create watch lists, how to take advantage of fractional shares, dividend reinvestment, different account types, as well as setting up recurring investments through Robinhood, and whether or not you may decide to pay for a Robinhood Gold subscription. The good news is Robinhood is completely commission free, with no monthly fees or anything like that associated with your brokerage account.

The only thing that you may decide is whether or not you want to pay that $5 per month for that gold subscription, but the good thing is you don’t need it to have all the functionality, and free stock trading, and options trading, and all that good stuff that they have to offer.

That being said, guys, let’s start with our first section here, which is what is the free stock offering on Robinhood and what is that all about? So how does the free stock offering with Robinhood work? Well, basically if you open up a brokerage account with them and fund it with any amount of money, you’re going to get one completely free stock, worth anywhere from $2.50 up to $200, it is a lottery type system.

So odds are, you’re going to get a lesser valued stock, but if you’re lucky, you might get one worth up to $200. In order to get that free stock, you have to open the account, and then you have to fund it with any amount of money, and then you’re going to get that completely free stock issued.

If you guys want to support me in putting this video together, you’re more than welcome to use my affiliate link down below, which means that I may earn a small commission in the process, but of course, guys, that is never expected, but always appreciated. So that’s the first step here, before trading stocks with Robinhood, is you have to actually open up an account with them, and that’s going to involve you supplying them with some information, like your social security number, where you work, and things like that, because you’re opening up an investment account, which is going to have to be reported to the IRS. So number one, they do have to verify your identity and make sure you are who you say you are.

And then number two, they’re also going to have to report any trading activities to the IRS, because you are going to owe some taxes on dividends, and capital gains, and different things like that. So right off the bat, a lot of people are often cautious when an app is asking them for their social security number or things like that. But this is going to be a full blown financial account here, so you are going to have to supply that information, but Robinhood collects this in a secure manner, and doesn’t store this information about you. So that’s the first step is opening up that account and grabbing that free stock. Now let’s talk about what stocks and ETFs are available through Robinhood.

So through the Robinhood app, you’re able to trade stocks and ETFs, as well as options and cryptocurrencies, 100% commission free. However, what you’re going to find is that not every stock, or ETF, or investment that trades on a major is available for trading on Robinhood.

But the good thing is, the majority of stocks and ETFs that people are looking for are available through Robinhood. So that being said, let me go ahead and cover what assets you’re going to find on Robinhood. First of all, US Exchange-Listed Stocks and ETFs.

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Those are major companies like Apple, Google, Tesla, companies like that, and also popular fund investments, like VOO, or the Vanguard S&P 500 Index Fund. You’re also going to find Options Contracts for US Exchange-Listed Stocks and ETFs.

If you’re looking to buy some basic call and put options, and even some more sophisticated ones, those are available here on Robinhood, and we’ll discuss those a little bit later. You’re also going to see ADRs available, or American Depository Receipts, which is going to support trading for over 650 globally listed companies. So if you wanna invest in some of these big companies that are trading outside of the United States, you may be able to do that through Robinhood, if those companies are supported.

That being said, you’re not going to find the following assets on Robinhood. First of all, foreign-domiciled stocks, select over the counter stocks. So basically these are companies that trade on less desirable exchanges, oftentimes trading for a few pennies per share. So if you’re looking for over the counter penny stocks trading for, you know, next to nothing per share, you’re not going to find those on Robinhood. However, I would caution you to stay away from those regardless, because penny stocks don’t typically make for the best long-term investments.

You’re also not going to find preferred stocks or mutual funds on Robinhood. You’re not going to find bonds or fixed-income investments, however, you will find some bond investments through ETFs. So if you’re looking for like a Vanguard bond ETF, for example, you’re able to purchase that on Robinhood, you just can’t purchase bonds directly. They also do not offer stocks that trade on foreign exchanges, but that’s pretty common for most commission-free brokerages out there. And then some less common things here, you’re not gonna find close-ended funds, limited partnerships, royalty trusts, tracking stocks, New York registries shares, or units on the Robinhood app.

The good news is, most of what people are looking for is available, but if you’re looking for something specific, and it’s listed on this, then you may have to find a more sophisticated brokerage, that may charge commissions, but they also will likely have a wider variety of assets available for trading.

Alright, so next up here, let’s talk about Robinhood crypto, and more about where this is available to investors, and who is and is not able to use Robinhood crypto, as well as what actual cryptocurrencies are supported on the app? So Robin hood is unique because they offer commission-free cryptocurrency trading, and there’s not a lot of other apps and financial companies offering this. So that being said, if you are able to purchase Robinhood cryptocurrency, which we’re gonna cover in a second, these are the available cryptocurrencies. You can purchase Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin, and that list does change from time to time, so you’re gonna wanna keep track of that.

If there’s a specific cryptocurrency that you are looking for. Now, if you’re looking for data on cryptocurrencies, they do support real time data on the following cryptos, but you are not able to trade them. This list includes Bitcoin Gold, Dask, Lisk, Monero, NEO, as well as, OmiseGo, Qtum, Ripple, Stellar, and Zcash. So you can get quotes on those cryptocurrencies, but you’re not able to actually purchase them through Robinhood.

That being said, guys, there’s a long list of states that support Robinhood cryptocurrency.

It’s too many for me to cover in this video, but I can include a link down below with a website here that shows you what states support Robinhood cryptocurrency. But I’m not gonna waste your time by reading off a list of like 30 different states here. So most states are supported, but if you wanna check and make sure, go ahead and check out down in the description below. So now let’s talk briefly about the options supported on Robinhood, before I actually jump into my phone and purchase one as a live demo here. So Robinhood offers options tradings with no commission fee to buy or sell options.

There’s no monthly fees and you also do not need to have any form of paid subscription in order to trade options or cryptocurrency, for that matter. Anybody with a basic and free account is able to trade these things. However, you do have to request access to options trading, where you’re gonna have to fill out a questionnaire about your individual trading experience. Based on your experience level, Robinhood will decide what types of options they want to allow you to trade, because options are very high risk and speculative investment, where the majority of people who trade them, lose 100% of their money or more.

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So I’m not here to tell you to go buy them or not to buy them, that’s up to you to make that decision.

But I just wanna give you information about the options on Robinhood. Typically speaking, when you’re trading options on other brokerages out there, you’re going to pay a couple of different fees, such as Base Fees, Exercise Fees and Assignment Fees, and Per-Contract Commissions. With Robinhood, none of those such things exist.

So if you’re looking to trade options and do it in the cheapest way possible, Robinhood is a very solid pick for this, but you may find that some of the more sophisticated option types may not be available through Robinhood, but they do have a very good selection of order types and types of call and put options that you may be interested in, and I’ll show you guys what those are in a little bit. So now what we’re gonna do is actually open up the Robinhood trading app on my phone, and I’m gonna show you how to fund the account and then how to buy and sell some different assets.

Alrighty guys, so here we are inside of my Robinhood app, and as you can see, I have $146.47 of cash, and I don’t actually have any shares of stocks, or ETFs, or anything in this right now, just because I’m using this for a demonstration purpose. But that being said guys, the first thing I wanna cover here is how to get money into your Robinhood account, and this is going to require you to link a account.

Now I already have my Robinhood account linked, but what I wanna go ahead and do is move some more money into this account, that way you guys can see what that process looks like, and that also is going to show us something interesting called Robinhood instant deposits. So in order to do that what we’re gonna do is go over to the person icon.

After you click on the person icon, you’re gonna go over to transfers, and this is where you have a couple of different options. Number one, you can transfer to Robinhood, this is where you would transfer money from your to your Robinhood account. Alright, this is what we’re gonna do first, because this is how we get money into the Robinhood account for trading. So we’re gonna go ahead and click on that, and then we’re going to choose the amount of money that we want to move from my account to my Robinhood account. Now you can link multiple banks too, if you have a lot of different account, I just have one main account that I use for funding my brokerage accounts, that I already have linked.

So let’s say for example, I want to move $100 from my bank account to my Robinhood account. I would type in 100, I would click review, and submit. Now the big difference between Robinhood and other apps out there is that a lot of trading apps would not let you trade with that money, until the deposit has settled, which as you can see I did this on January 8th and that would not be settled until January 11th. However, with Robinhood, you have instant deposits up to $1,000 for everybody for free, which is a really cool feature. So you can actually invest that money right now and not have to worry about fund settlement.

So now our balance for investing has gone up to 246.47, even though that money hasn’t necessarily settled yet. So that’s something really cool that Robinhood does. Now, I wanna show you how to move money out of your Robinhood account. So let’s say for example, you’ve placed some successful trades, you made some money, and now you wanna move some of your cash out of your Robinhood account.

What you would do is you would go back to that person icon. You’re gonna click on the same menu there, which is transfers, but this time you’re going to transfer to your bank, which means you’re taking money out of that Robinhood account and putting it back into the linked bank account. So let me go ahead and do that quick here. And I actually don’t have any money available to do this because none of my deposits have actually settled. So if my deposits had actually settled already, I would just type in the amount.

You can see the box that says $0 available, any settled funds would be available for moving out, and you would pretty much just type in the amount of money you’re looking to transfer out, click review and click submit, and that’s going to happen over the next three to five business days.

So, unfortunately, I can’t show you guys that whole aspect of getting money out of Robinhood, but that is the exact step-by-step process that you would follow. Lastly, while we’re here in this menu, I wanna talk about scheduling automatic deposits. That would be if you want to put like 10, or 20, or 50 bucks per week into Robinhood. You can sit schedule automatic deposits, that way you have money coming in one time, weekly, twice a month, monthly or quarterly, but then you would have to actually direct that money yourself and choose where you’re putting that money, in terms of purchasing investments.

So anyway guys, that covers the banking side and how to get money in and out of your Robinhood account. What we’re going to do now is show you how to purchase your first stock on Robinhood. So in order to purchase a stock on Robinhood, the first thing you have to understand is what stock you actually want to buy. So let’s say, for example, you’ve done some research and you decided that you wanna buy one share of Ford stock, for example. Well now let me show you how to purchase one share of Ford.

What you’re gonna do is you’re gonna go to the search bar and you’re gonna type in either Ford or the symbol, which is just F. So let me type in F, and then I’m gonna go ahead and click search. And as you can see, Ford Motor shows up immediately. So if we click on that we can see that Ford is currently trading at $9 and one penny per share. And so now if I wanna buy one share of Ford, all I’m gonna do is click on the trade button and I’m gonna click buy.

So I’m just gonna buy one share of Ford for demonstration purposes. So this is where you decide how many shares you actually wanna purchase. And by default, it’s going to be a market order, which means it’s going to close at the current market price at this instant point in time. So at any point in time when you’re looking to buy a stock, you have buy orders and sell orders, and that’s going to determine the quoted price that you’re most likely going to pay, but what you actually pay might be a little bit different, based on what the order is actually executed at.

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But if we go over here to this dropdown, you can see where you have also the option to buy in dollar amounts or buy in shares.

I’m gonna purchase in shares, but if you want, you can also do fractional shares on Robinhood, and just buy it in dollar increments. There’s also different order types you can utilize if you’re looking to have some advanced order types, however, I never ever used these. And I simply just, you know, put my money in through a market order, and I always sell through a market order as well. But maybe in another video, I can go over some of these advanced order types for those of you who are interested, but I never use them.

So I don’t wanna confuse you here.

The other option you can set up here is recurring investments into this stock. So if you wanted to put money into Ford stock every single week on a recurring basis, you are able to do that. But the market’s about to close, so let me go ahead and execute this order. So I’m looking to buy one share at a market price of 8.99, click review, and then swipe up to submit, and then you’re going to see them close that order.

So one share of Ford was just purchased at $9 per share. So now it sounds kind of silly, but I’m gonna turn around and sell that share of Ford stock, just so you guys understand how that works. So now let me go ahead and cover how to sell a stock on Robinhood. I have that one share of Ford that I just purchased for $9 per share, and so it hasn’t really moved at all, because I just bought it, but I’m gonna go ahead and sell it now for demonstration purposes.

So if we go to my homepage, you can see what stocks I own, I have my one share of Ford, and let’s say I just decide, hey, I change my mind, I wanna sell this stock.

You would click on that stock, and then you would click on the trade button, and then you have the option to sell at this point because you own shares of Ford. So you click on that sell button and you type in how many shares you’re looking to sell. I only have one, so we’re just gonna sell that one share. And again, if you click on this dropdown here, you can also sell in dollar amounts, or sell in whole shares, depending on whether or not you use the fractional shares. And you also have different order types for the sell, if you wanna use more sophisticated order types, like the limit order, trailing stop, etcetera.

Again, I never use these, so that’s gonna be a topic for another video. I’m just gonna click review, and then I’m going to swipe up to sell my share. And just like that, I sold my share of Ford stock for $8.98, so I actually lost two pennies, holding onto that stock. Your goal is to make money when you sell, so you’d wanna buy Ford for like $9 a share and sell it for maybe $10.

That would mean that you made $1 of capital gains while holding onto that stock. So that is how you sell a share of stock on Robinhood. Now, I wanna go ahead and show you how to purchase an option on a stock. So now what I wanna show you guys is how to purchase an options contract through Robinhood. And again, as I mentioned earlier, options are a high risk type of investment where the majority of people who buy them, lose all of their money.

So I want to encourage you to do your own research before trading options or trading any different assets out there, because the potential to lose money here with options is very high, and you should be familiar with that before purchasing.

But that being said if you’ve already decided that you wanna buy options, and you’re just looking for the step-by-step instructions, let me show you how to do that here. Now we are in after hours already here, because it just turned to be four o’clock. I’m not sure if I’ll be able to purchase an option on Ford stock right now, but I’m going to show you how I would do that anyway, just so you guys are aware of the process. Again, as I mentioned earlier, options are something you have to get enabled on your Robinhood account, and you would request permission or request access to options, and then you’d fill out a questionnaire which basically explains to Robinhood what your trading experience is, and if they deem you educated and informed enough for options trading, they will activate this on your account.

That being said, though, I’m gonna click on the trade button here, and we’re gonna look at buying some options on Ford stock. Now, the only thing I ever trade on Robinhood is call options, which means I think that the stock is going to go up in the future. If I was trying to bet against the stock, I would purchase something called a put option. I only ever do calls, I’ve never done a put option, maybe at some point I would, but I don’t get into covered calls, any of these more sophisticated options types. I’m not an expert at options, so I’m not gonna talk about those, because there are experts out there that will help you understand these more sophisticated options types.

So for now, let me show you what the process would be for purchasing a call option on Ford stock. So the first thing you have to decide is when you want that option contract expiration date to be? Because typically speaking, the further out that date is, the higher the option premium is for purchasing that option.

Robinhood Investing For Beginners 2021 (Step By Step Tutorial) 1

So I always typically look to buy calls that are going to expire in about a three to six month window, because that gives me a good period of time where you know, if I made a bad decision in the short term, there’s more time for hopefully that stock to change in price in a favorable direction, that way I don’t lose money.

But I actually don’t really like Ford stock, and so buying an option on them, is kind of stupid, but I’m just going to show you for demonstration purposes here.

So if I truly did believe that Ford stock was going to climb higher in the next six months, which I honestly have no idea, it’s a total gamble, because I don’t actually like Ford, but I would look to buy a call option six months out in the future, which would put us around June. So I’m going to go into the June 18 call options and see what the different prices are, and then you’re going to look at how much that stock would have to go up for you to be at break even with that option, covering the cost of your premium.

So for example, we see here that the share price is currently $9, and if I were to buy a $10 call on Ford that would mean that I’m paying a 63 cent premium. So my actual cost for that option is going to be 100 times that 63 cents because options are always in orders of 100 contracts. So let’s say, for example, I wanna buy that $10 call, that means that in order for me to break even, Ford stock has to come up to $10 and 63 cents per share, or go up 18.

11%, who knows if that’s gonna happen? Probably not, but anyway, let me go ahead and pick that one, and just make that purchase. But as you’re gonna see here, if we’re looking at call options, you know, the more that the stock has to go up in that period of time, the less likely it is to happen. And as a result, that option premium is lower and lower.

So you can kind of decide whether or not you wanna go for an option that’s near the money, or one that’s a total long shot bet that’s going to be cheaper, but if it does end up going up to that price level, you might make a lot of money.

So I’m gonna just purchase a $10 call on Ford. I don’t even know if I can right now because the market is closed, but we’re going to put in an order for one contract, and it’s going to cost me $63. ‘Cause, it’s, technically speaking, 100 different contracts at 63 cents a piece. So let me click review and then submit, and we’ll see if the order closes, and it did actually, it closed, so I did just purchase or no, I’m sorry, it’s queued. So it’s because the market is closed, I wasn’t able to actually place this order.

So it says right here, your limit order placed at 4:04 PM on January 8th, 2021 will be sent at the start of the next trading session. So there’s no extended trading hours for options, unfortunately, but you can trade stocks during extended hours on Robinhood. So I actually am gonna cancel this ’cause it’s Friday, I don’t know what Ford stock is gonna do over the whole weekend here, and then what it’s gonna open out on Monday. So I’m gonna close this right out and cancel that order, but that is how you would place a call option purchase on Robinhood. Unfortunately, since I wasn’t able to buy it, I can’t show you how to sell it, but I’ll probably do another video just on options trading with Robin hood at a later date.

So now I’m gonna show you how to purchase cryptocurrency with Robinhood. But before I do that, it is important to understand that one of the big differences between Robinhood and other exchanges out there for purchasing crypto is that Robinhood does not allow you to send or receive cryptocurrency in and out of your portfolio.

And the reason behind this is because Robinhood is going to keep track of what your capital gains are on your cryptocurrency. That way they can report this to the IRS and you can pay your applicable taxes, while the problem is if people are able to send and receive crypto in and out of that account, it would be impossible to keep track of that cost basis, and you would have to keep track of it on your own. So in order to simplify that process, Robinhood restricts you from moving crypto in and out of that account.

Something you need to be aware of before you put a bunch of money into cryptocurrency, and it’s up to you to make that decision of whether or not you’re comfortable with being unable to move your cryptocurrency in and out of the account. That being said, guys, I’ll show you how to do it, assuming that you are comfortable with that and you wanna buy some Bitcoin or other supported cryptocurrency, regardless. So, first of all, in order to find cryptocurrencies that are supported you’re gonna have to go to the search tab and then under popular lists, click on crypto.

And if that’s not showing up for you, just type in crypto, and then it’s gonna show you what cryptocurrencies are available. But I’m gonna go ahead and click on that and show you what cryptocurrencies are available.

And they have a couple of different ones here. The only thing that I would ever purchase is Bitcoin personally, and that’s just my viewpoint on crypto myself. So let me click on Bitcoin, and I’ll show you how to purchase it. So this shows you what it’s been doing over the last week, last month, and holy smokes, it’s been quite the rally here for Bitcoin. So let’s say, for example, you wanna join the party and get in on it, you’re gonna click the green buy button at the bottom, and you’re gonna type in what dollar amount in US dollars you wanna put into this cryptocurrency.

So right now you’re gonna be paying the price of about $39,000 per Bitcoin, but most people don’t have that much money to buy a whole coin, so you’re gonna buy a small amount of a coin.

So I’m gonna do $100 worth, just for demonstration purposes, and then shortly after I’m gonna sell it, that way you’re aware of how to actually sell cryptocurrency on Robinhood as well. So that being said, I’m gonna buy $100 worth, it’s going to be about 0.00254 Bitcoin. So we’re gonna click review, and then here we are with the agreement that we have to accept before we purchase crypto.

So what’s important to understand is that when you’re buying stocks and ETFs with Robinhood, you are insured under SIPC insurance, which covers you in the event of theft of cash, theft of assets, anything like that. So if somebody stole that money or Robinhood went insolvent, you are covered under SIPC insurance. The issue with crypto is that there’s no federal insurance policy insuring your crypto assets. So Robinhood does have a private insurance policy and they also store them offline, the majority of the cryptocurrencies in cold wallets. However, in the event that there was a theft of cryptocurrency from this exchange, and that insurance policy was fully exhausted, you are potentially running the risk here of losing the money you have invested in cryptocurrency since there is no federal insurance.

So that’s why we have to review this agreement and accept it before we are able to actually purchase cryptocurrency on the app. Obviously, guys, you’re gonna wanna read that, even though I just skipped it, but I know the risks already ’cause I’ve written about this at length. Anyways, now I’m gonna swipe up and submit my order, and purchase Bitcoin through Robinhood. So I just bought my Bitcoin on Robinhood. Now, if I click done, you will see that listed here.

And if I go back home now, you’ll see that I have a little bit of Bitcoin under the cryptocurrencies section. Now I’m gonna show you how to actually sell your cryptocurrency, that way down the road when you decide to sell it, hopefully for a profit, you’ll know how to go about that. So what you’re going to do to sell the cryptocurrency is pretty simple. You look at your homepage and you click on the cryptocurrency that you own in your portfolio, and then you’re going to click on the green sell button. Now, once you do that, you put in the dollar amount that you’re looking to sell off the total value of your crypto.

So right now my total value is $99.69 to sell, and you have to decide how much you wanna sell. So I’m just gonna do $50 worth, and that is going to sell $50 of my Bitcoin, and put that back into US dollars. At this point, you click the review button, and then you swipe up to submit that order. And just like that in the snap of a fingers guys, we sold a portion of my Bitcoin and got a credit of $50 and 3 cents.

So now if I click done, you will see that I have a lesser amount of Bitcoin in my portfolio and a larger cash balance. So that is how you would actually sell cryptocurrency on Robinhood.

It’s the same process for any cryptos that are supported, and obviously, the goal here is to buy low and sell high. So if you’re looking to make money trading cryptocurrency with Robinhood, the goal is to buy it at a lower price and sell it for a higher price down the road. However, Bitcoin prices and crypto prices have been speculative in the past, so it is a higher risk asset, and that’s something you should understand before actually trading cryptos yourself.

So now that you guys understand how to actually purchase stocks, options, crypto, and different assets on Robinhood and how to sell them, I wanna cover a couple of different features and tools available on Robinhood that you may want to be aware of as a new user.

And the first one is something called, Robinhood Cash Management. So with your Robinhood account, if you open up an account with them, you’re going to open a taxable brokerage account or a margin account, and this depends on whether or not you wanna borrow money to invest with. For the majority of people, the answer is going to be no, but that’s something you have to decide on your own when opening the account. But most people are just going to open a cash account where any money that they’re investing with is their own money, and they’re not using borrowed money.

But that being said, they also offer a different online savings account called Robinhood Cash Management, which is totally separate from the brokerage account. Now with that cash management account, you’re gonna get a couple of different things. First of all, it currently pays 0.3% APY, which is about six times higher than the national average, which is 0.05% APY.

So if you’re looking to maximize the interest from your savings, this may be an option to explore. It’s also FDI insured through their custodial bank up to $1.25 million, and you have full flexibility here for doing direct deposit, paying bills, and they also offer a virtual Robinhood debit card, if you wanna use the checking account as well, and you will have fee free withdrawals from over 75,000 different ATM’s.

I don’t personally use Cash Management myself, I use a different account for my online savings. So it’s not something that I use, but I wanted you guys to be aware of it in case it’s something you’re interested in.

And the other advantage here too is that if you have your money with Robinhood Cash Management, it’s very easy to move money from Cash Management over to your Robinhood investment account to actually buy and sell assets. The next thing I wanna show you is more of the research tools and data available within the app if you’re simply looking to find investments and you don’t necessarily know what you’re looking to buy. So we just typed in cryptocurrency from our last example, but I’m gonna clear that out, ’cause I wanna show you the popular lists at the top. The popular list is a collection of stocks or ETFs within a certain category. So for example, we have one called technology.

If you’re looking to buy tech stocks, for example, you might click on one of these popular lists to get ideas for potential investments.

So if I click on technology, you can see that it offers 819 different stocks here related to tech. So through this list functionality here, you’re able to see a number of different technology stocks currently available on Robinhood. There’s also a lot of different lists here, you have cannabis stocks, daily movers, crypto, 100 most popular, you can look at upcoming earnings if you’re looking to place a bet on a stock that’s gonna be reporting earnings soon, all kinds of different stuff you can do with these lists. If you scroll down further, they have a good newsfeed, which is going to show you relevant news, related to the stock market.

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And then one of my favorite things to look at is the top movers for the day to see what stocks are moving up or moving down the most.

Now that being said, let’s say you’re looking to do some research on a given stock that you want to invest in. There are a couple of good research tools on Robinhood. So let’s say, for example, you were looking at purchasing some Apple stock. Well, what you would do is type in the search bar, Apple, or the symbol, which is AAPL.

Then you’re gonna go ahead and click on that stock, and I wanna show you what information you have available to you here. First of all, you can look at a basic price chart to get an idea of the price movement over set periods of time. And if you’re somebody who relies on technical stock analysis, you simply click this button, and it’s going to show you a candlestick chart instead. After that, you get statistics here about trading volume, 52 week high, 52 week low, dividend yield, and different things like that.

Then we have the newsfeed with relevant information and news surrounding that company that has just come out.

After that, you have analyst ratings, which shows you what wall street analysts think of this stock. So in particular, looking at Apple here, 58% view it as a buy, 33% view it as a hold, and 10% view it as a sell. So for free everyone out there for many stocks is going to see this section here that has a little bullish and bearish thesis on the stock. So for example, the bullish perspective is why people think the stock is gonna go up, and the bearish perspective is why people think the stock may go down. Now, this is a very short, simple explanation.

If you want a longer one, you can unlock research reports from Morningstar by signing up for Robinhood Gold for $5 per month. That’s gonna get you a couple of different perks as well, you get larger instant deposits, you’re also gonna get level two market data, which is going to show you more buy and sell orders, and give you a better idea of what that stock is going to be trading at an instant point in time.

And it’s also going to give you access to margin trading if you want to invest with borrowed money. But to me, the biggest advantage is if you want to get those Morningstar research reports, you’ll get much more in-depth information about that company to conduct your research. After that, if we scroll down more, we get an earnings calendar or an earnings chart that shows us whether or not Apple has been beating, meeting, or falling below earnings expectations, lists, and then we have suggested stocks based on what people own as well when they also buy Apple.

There’s also history here, which shows you guys that I have owned Apple in this portfolio in the past. So if you’ve owned stock in the past that’s gonna show up down here. There’s an about section that tells you more about Apple, and then of course you have the trade button if you want to purchase or sell your shares. But there is a lot of great research tools, right here within Robinhood.

However, if you’re looking for more advanced stuff, you find you have to utilize other brokerages out there for advanced trading tools, paper trading simulators, and different things like that.

So it has a lot, but some may find it limiting in terms of the features that they may be looking for, and so you might have to look elsewhere for more sophisticated tools and research things like that.

So now I wanna show you guys how to set up a watch list on Robinhood. So let’s say, for example, you’re just getting started with investing, and you wanna keep an eye on a couple of different stocks or funds, but you’re not quite ready to pull the trigger. What you’re gonna do is scroll down here to the lists section, and then you’re going to create a new list, and then you’re going to give it a name and set an icon.

So I’m going to call this one Stock I Am Watching, and then I’m gonna set an icon here, and it looks like you have a couple of different options, so let me do like the monkey emoji, ’cause that’s kind of funny.

So there we have a new list called Stocks I Am Watching, and now I’m going to add stocks to that list. So let’s say, for example, I’m keeping an eye on Tesla, Microsoft, and Netflix, I’m gonna add those three stocks now. So you would simply type in the name of the stock and click the plus icon, that adds that to my watch list. Do the same thing now with Microsoft, add that, and then I’ll do the same exact thing here with Netflix as well, and add that to my watch list.

So now if I click the X, I now have created a watch list of Netflix, Microsoft, and Tesla.

And you can also sort this by symbol, price, and percent change day today. So that is how you would create a watch list if you’re looking to keep an eye on a number of different investments. Now, also guys, you will find this messages tab here on Robinhood, which is just giving you notifications. So when you sell, or buy a stock, or earn a dividend, or anything like that, it’s gonna show up over here on the messages tab. And then finally all the way to the right where you have the person icon is going to be your settings.

In here, you can invite friends, if you wanna earn more free stocks, you can take a look at your different balances and get an idea of your total asset allocation between cash, crypto, and stocks, and options. It shows you your instant deposit limits, pending deposits, different things like that. And it will also give you an idea here if you are utilizing margin, whether or not you have a healthy amount of deposits, or if you’re at risk for a margin call, but it’s a little bit above and beyond the scope of this video. You can also transfer, as you saw, that’s where you transfer money in and out of Robinhood from into your bank account. You also can set up auto transfers here if you wanna do this on a regular basis, understatement, and history, this is where you’re going to get recent history in terms of your buy and sell orders.

This is also where you would go to get your tax documents and monthly account statements. And then other than that, you have your settings. If you want to turn on and off Robinhood Gold, set up subscriptions, and change different settings within the app. The last thing I wanna show you guys is how to turn on drip or dividend reinvestment. So if you do end up buying stocks that pay dividends, assuming you have fractional shares turned on, which you have to turn on when you actually purchase that stock by purchasing in dollar increments, rather than whole shares, if you have fractional shares turned on, you can also do dividend reinvestment for free, which is going to allow you to reinvest dividends in $1 increments back into the issuing stock.

So in order to do that guys, what you’re going to do is click on the investing tab, and you’re gonna scroll down, and you’re going to see where you have dividend reinvestment disabled. All you would do is click on enable dividend reinvestment.

I don’t have any dividend stocks in this portfolio, so I’m going to skip that for now, but that is how you would go ahead and do that. So anyways guys, there you have it, that is a step-by-step overview of how to buy stocks on Robinhood. And also pretty much probably answers all of the other questions about how this app works for a complete beginner.

Like I said if you wanna support me for putting this video together, and you’re opening up a Robinhood account for the first time, feel free to use my link below, and basically, at zero additional cost to you, it puts a little bit of extra money in my pocket and allows me to make more helpful videos like this on YouTube.

So again, that is never expected, but always appreciated, and I am affiliated with Robinhood. If you guys found this video to be helpful, please drop a like and subscribe, and hit that bell for notifications, and also feel free to leave me a comment with your thoughts and feelings about Robinhood, or any questions that you may have, or topics for future videos. But thank you so much for tuning in guys, and I hope to see you in the next video, and happy investing.

As found on Youtube

Cryptocurrency Best Bitcoin Wallets For Safe And Secure Storage Guide

The best Bitcoin wallets for safe and secure storage


The Nano S is essentially the same as its successor, the Nano X, minus a couple of features. Both support the same list of cryptos and have access to the Ledger Live software. Unlike the Nano X, Nano S lacks Bluetooth connectivity, and it only stores up to 18 wallets versus the 100 wallets that can be simultaneously stored with Nano X.



Coinbase

Is one of the easiest ways to buy, sell, and hold cryptocurrencies. With Coinbase, you can connect a U.S. bank account and easily transfer dollars in or out of your Coinbase investing and trading account. You can also use a standalone Coinbase wallet for mobile.


Robinhood

Mostly used as a mobile-first platform but has a desktop version, available on the web, too. And what really sets Robinhood apart is that it’s completely free to use. There are no commissions when buying or selling Bitcoin. Robinhood customers can currently buy, sell, and hold Bitcoin, as well as six other cryptocurrencies.

Exodus



While it is great for beginners, more advanced users may find it lacking in some features. First, Exodus is a closed source wallet. This goes against the ethos of the idea of Bitcoin and blockchain and can create some security concerns as its code is not open for everyone to see. Instead, users rely on the Exodus team to ensure there are no holes in the security of its wallet.


InstantPay



With InstantPay for Bitcoin Cash, payments move faster than Visa, Mastercard, and any cryptocurrency wallet out there. Simply set your spending threshold, scan the QR code, and your payment will auto-complete in an instant.

This digital exchange and online cryptocurrency wallet provider is great for people new to Bitcoin. It makes buying and selling very similar to buying and selling stock through your brokerage account. Coinbase trading accounts can hold at least 46 different tradable cryptocurrencies, including U.S. dollars and the Coinbase USD Coin, which is pegged to the dollar. Some coins can even earn interest.

2FA


Two-factor authentication (2FA) is a way to add additional security to your wallet. The first ‘factor’ is your password for your wallet. The second ‘factor’ is a verification code retrieved via text message or from an app on a mobile device. 2FA is conceptually similar to a security token device that banks in some countries require for online banking. It likely requires relying on the availability of a third party to provide the service.

Bech32

This a special address format made possible by SegWit. This address format is also known as ‘bc1 addresses’. Some Bitcoin wallets and services do not yet support sending or receiving to Bech32 addresses.

Full nodes

Some wallets fully validate transactions and blocks. Almost all full nodes help the network by accepting transactions and blocks from other full nodes, validating those transactions and blocks, and then relaying them to further full nodes.

Hardware Wallet

Some wallets can pair and connect to a hardware wallet in addition to being able to send to them.

While sending to a hardware wallet is something most all wallets can do, being able to pair with one is a unique feature. This feature enables you to be able to send and receive directly to and from a hardware wallet.

Legacy Addresses

Most wallets have the ability to send and receive with legacy Bitcoin addresses. Legacy addresses start with 1 or 3 (as opposed to starting with bc1).

Without legacy address support, you may not be able to receive bitcoin from older wallets or exchanges.

Lightning network

The Lightning Network is new and somewhat experimental. It supports transferring Bitcoin without having to record each transaction on the blockchain, resulting in faster transactions and lower fees.

SegWit

Some wallets support SegWit, which uses block chain space more efficiently. This helps reduce fees paid by helping the Bitcoin network scale and sets the foundation for second layer solutions such as the Lightning Network.

Reference

Best Bitcoin Wallets of 2021

Bitcoin Wallet | Store Bitcoin Cash (BCH) & Bitcoin (BTC)

Choose your wallet

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A Beginner’s Guide To What is Bitcoin Cash?

With InstantPay for Bitcoin Cash, payments move faster than Visa, Mastercard, and any cryptocurrency wallet out there. Simply set your spending threshold, scan the QR code, and your payment will auto-complete in an instant.

bitcoin cash mining software windows 10, # | Finance blog, Bitcoin ...

What is Bitcoin Cash?

Bitcoin Cash is a digital currency forked from the Bitcoin network in late 2017 with the goal to be the real implementation of Satoshi’s original white paper. It is intended to be the real “Peer to peer electronic cash” as described by Satoshi Nakamoto.

How does it work?

Bitcoin Cash works almost exactly like Bitcoin since it’s based on the original Bitcoin core software. The main difference is the block size limit. Bitcoin Cash changes the block limit size with the goal of lowering transaction fees.

What are the features of Bitcoin Cash?

Fast Transaction Time With large blocks, the Bitcoin Cash network can afford to validate many transactions in a relatively short period of time compared to the original Bitcoin core implementation. Low transaction fees big blocks prevent large transaction pools from building up. With no congestion in the pools, fees are low to validate these transactions from the miner’s perspective. Soft fork a change to the Bitcoin Cash protocol that makes old blocks invalid which was valid in the past.

Bitcoin cash

Bitcoin Segwit transactions feature was implemented as a soft fork to the network. Hard Fork Change to the Bitcoin Cash protocol that makes previously invalid blocks or transactions valid. The BerkeleyDB bug activated an accidental hard fork to the Bitcoin network in 2013.

There are many wallets that support bitcoin cash. Each type of wallet has its own characteristics and is different in terms of usability and security. For example, there are mobile wallets, software wallets, and hardware wallets.
Send and receive Bitcoin anywhere in the world without bank fees, questions, or delays. Bitcoin Cash transactions cost less than a cent to send, so you can make cross-border payments for next to nothing.

Approximately $140B worth of Bitcoin lost or inaccessible to owners

The entire transaction history of any particular cryptocurrency is stored on the blockchain. With a wallet, you can prove that you are the owner of your coins. Your wallet holds the private keys that grant you access to your coins. You could compare your wallet to a keychain. The coins themselves aren’t stored in your wallet, they are stored on the blockchain. You use your wallet to manage the coins and send or receive them.

Reference

Bitcoin Cash Wallet (BCH) | BCH Wallet | Trust Wallet 

Bitcoin Wallet | Store Bitcoin Cash (BCH) & Bitcoin (BTC) 

Bitcoin cash wallet 

 

The Difference Between Bitcoin vs. Bitcoin Cash

In 2017, the Bitcoin project and its community split in two over concerns about Bitcoin’s scalability. The result was a hard fork that created Bitcoin Cash, a new cryptocurrency considered by supporters to be the legitimate continuation of the Bitcoin project as peer-to-peer electronic cash. All Bitcoin holders at the time of the fork (block 478,558) automatically became owners of Bitcoin Cash. Bitcoin, which was invented by the pseudonymous Satoshi Nakomoto remains a separate cryptocurrency.

Bitcoin Cash (BTH/USD): Die Ruhe vor dem Sturm?

In August 2017, some miners and developers initiated what is known as a hard fork, effectively creating a new currency: BCH. BCH has its own blockchain and specifications, including one very important distinction from bitcoin. BCH has implemented an increased block size of 8 MB to accelerate the verification process, with an adjustable level of difficulty to ensure the chain’s survival and transaction verification speed, regardless of the number of miners supporting it.

To keep the block generation time equal to ten minutes on average, both Bitcoin and Bitcoin Cash use an algorithm adjusting the mining difficulty parameter. This algorithm is called the difficulty adjustment algorithm (DAA). Originally, both Bitcoin and Bitcoin Cash used the same difficulty adjustment algorithm, adjusting the mining difficulty parameter every 2016 blocks. Since 1 August 2017, Bitcoin Cash also used addition to the DAA, called an Emergency Difficulty Adjustment (EDA) algorithm. EDA was used alongside the original DAA and it was designed to decrease the mining difficulty of Bitcoin Cash by 20% if the time difference between 6 successive blocks was greater than 12 hours.

Bitcoin cash

The debate about scalability, transaction processing, and blocks has continued beyond the fork which led to Bitcoin Cash. In November of 2018, for example, the Bitcoin Cash network experienced its own hard fork, resulting in the creation of yet another derivation of bitcoin called Bitcoin SV. Bitcoin SV was created in an effort to stay true to the original vision for bitcoin that Satoshi Nakamoto described in the bitcoin white paper while also making modifications to facilitate scalability and faster transaction speeds. The debate about the future of bitcoin appears to show no signs of being resolved.

In June 2017, hardware manufacturer Bitmain, described the would-be hard fork with the increased block size as a “contingency plan”, should the Bitcoin community decide to fork implementing SegWit. The first implementation of the software was proposed under the name Bitcoin ABC at a conference that month. In July 2017, mining pool ViaBTC proposed the name Bitcoin Cash. The change, called a fork, took effect on 1 August 2017. As a result, the bitcoin ledger called the blockchain and the cryptocurrency split in two.

Blockchain Explained A guide to help you understand what blockchain is and how it can be used by industries. You’ve probably encountered a definition like this: “blockchain is a distributed, decentralized, public ledger.” But blockchain is easier to understand than it sounds. more

Send money abroad basically for free On average, banks take a 6.8% cut out of the money you send home. Bitcoin Cash is much cheaper—and faster, too. Use it to send remittances for less than a cent. Send Bitcoin CashGroup 28 Pay online without a bank account too far away? Too many fees? Whatever your reason for not owning a bank account, Bitcoin Cash can help. use it to pay and get paid online without the need for banks. Get set up.

Unlike Bitcoin BTC, Bitcoin Cash aims to scale so it can meet the demands of a global payment system. At the time of the split, the Bitcoin Cash block size was increased from 1MB to 8MB. An increased block size means Bitcoin Cash can now handle significantly more transactions per second (TPS) while keeping fees extremely low, solving the issues of payment delays and high fees experienced by some users on the Bitcoin BTC network.

 

 

 

 

Reference

Bitcoin Cash 

Bitcoin Cash price today, BCH marketcap, chart, and info

Bitcoincash.org: Home 

The Difference Between Bitcoin vs. Bitcoin Cash

 

The Most Important Cryptocurrencies Other Than Bitcoin 

Like Ethereum, NEO also offers a platform for the development of smart contracts and Dapps. On the other hand, Bitcoin is just a digital currency that offers no such platform.

Litecoin, one of the oldest altcoins, was created in 2011 by an ex-Google employee, Charlie Lee. Like Bitcoin, Litecoin is also just digital currency but with improvements. In fact, the reason for launching Litecoin was to overcome some of the shortcomings of Bitcoin, especially its slow transaction speed.

Here we should note that liquidity, volume, market cap, and volatility are some of the major factors to consider when choosing an altcoin to trade, along with the market sentiment and tech innovations. Do not forget that crypto news may play a crucial role in popularising or demonizing an altcoin, so always follow the news to stay up-to-date.

 

The Most Important Cryptocurrencies Other Than Bitcoin  2

Bitcoin Cash (BCH) holds an important place in the history of altcoins because it is one of the earliest and most successful hard forks of the original bitcoin. In the cryptocurrency world, a fork takes place as the result of debates and arguments between developers and miners. Due to the decentralized nature of digital currencies, wholesale changes to the code underlying the token or coin at hand must be made due to general consensus; the mechanism for this process varies according to the particular cryptocurrency.

The “crypto” in cryptocurrencies refers to complicated cryptography which allows for the creation and processing of digital currencies and their transactions across decentralized systems. Alongside this important “crypto” feature of these currencies is a common commitment to decentralization; cryptocurrencies are typically developed as code by teams who build in mechanisms for issuance (often, although not always, through a process called “mining”) and other controls.

What is the difference between a crypto exchange and a brokerage?

In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange. This is done for the sake of simplicity.

 

 

 

 

How to earn a profit mining Bitcoin and Ether

 

For the past several months, miners around the world have been extremely active, which can be seen through spikes in hash rates that coincided with a significant increase in the prices of cryptocurrencies. At the beginning of 2020, Ether (ETH) could be bought for $130, and now, ETH has reached $500. The king of cryptocurrencies, Bitcoin (BTC), added almost a cool $10,000 to its price.

So, how can users engage with the industry? What has been obvious for some time now is that solo mining is not the way to go. For Bitcoin, Ether and every major altcoin, the blockchain is built in such a way that the complexity of finding blocks is constantly increasing, which means that a pair of GPU cards is not powerful enough to generate one block.

The point is not that the rig is insufficiently powerful to mine Ether, rather it’s impossible mathematically. One rig can sit there searching for a block for several months. If we are talking about mining Bitcoin on ASICs, then it will take even more time. It’s easier to go bankrupt on equipment and electricity than to mine crypto solo. The calculation is simple: divide the total hash rate of Ether by your hash rate and get the number of seconds it will take on average to find a block.

So, it seems logical that miners would flock to mining pools, especially today, as even non-mining companies are starting to launch such products. For example, Binance recently launched its own mining pool for Ether.

What to know before joining a mining pool

A mining pool is a server that combines the computing power of all the participants connected to it. Miners join the pool over the internet, reallocating their hardware to the pool. They jointly perform mathematical solutions to find blocks of a specific cryptocurrency. When the pool finds a block, the pool obtains a consensus from other network participants, then receives a reward. This reward is shared among all members of the pool in accordance with the amount of hash rate provided.

Before choosing a pool, it’s important to know the size of the pool. When a pool grows, the chances of discovering a block increase. But the more people join the pool, the less profit each participant receives. This is a double-edged sword: small but frequent payments, or bigger payments, but less often.

Before joining the pool, users need to find out the minimum payment, which is the minimum amount of crypto that must be mined before it will be sent to the users’ wallet. If the minimum payment is high, then the user will have to be part of the pool for a long time before receiving any income.

Another important thing that should be mentioned is that participation in any pool is not free. Users pay a certain percentage of their income for participating. Usually, such commission varies from 1% to 3%. In general, participation in any pool does not require serious investment and knowledge, and if the user has already put together a rig, then it will not be difficult to figure out which pool to choose. Here is what to pay attention to when choosing a pool, regardless of the cryptocurrency mined:

  • The number of participants in the pool, which affects individual income.
  • Ping time, or time delay, which is a result of the user’s computer needing to transfer information to the pool. Ping time depends on territorial distance — the lower the ping, the lower the time delay and the faster the data is transferred. A high ping is not appropriate because there are pauses between block changes in cryptocurrency networks, and with high ping, the user’s computer can go over the values ​​for the old block and mine in vain. Usually, a comfortable ping is up to 10 milliseconds;
  • The size of minimum payout, which should not be too large, otherwise the payment may not take place for a very long time.
  • There are many pools that are fraudulent or take a larger amount of income. Users need to find out the pool’s reputation in advance.

After constructing a rig, it’s time to choose a mining pool. Of course, most of the pools work for Bitcoin or Ether mining. Below are some of the most popular pools used to mine the top two cryptocurrencies. For Bitcoin, almost all the main pools are based in China, which is not surprising, as the country produces most of the Bitcoin mining hardware.

F2Pool

Founded in 2013, F2Pool is one of the oldest Chinese pools, and it’s of primary interest for Bitcoin miners. The pool accounts for almost a fifth of the total amount of BTC mined. The pool uses Pay Per Share+, or PPS+, as the payout model in which the miner receives a reward for each share accepted by the pool, regardless of the blocks found by the pool. The pool determines the cost of each share independently, taking into account the network complexity, reward, block time and the pool’s own power.

In addition to Bitcoin, the pool mines more than 40 coins. The commission, depending on the coin, ranges from 1% to 5%. As for Bitcoin, the pool takes 2.5% of the rewards as a commission, and payments are made once per day. Users must withdraw the earned money within 90 days, otherwise the pool will keep it for the development of the service.

Poolin

Poolin is a pool owned by parent company Blockin that launched in 2017. The pool is popular among Bitcoin miners. Poolin offers quite a few coins to choose from: Ether, Bitcoin Cash (BCH), Bitcoin SV (BSV), Litecoin (LTC) and so on. Commission fees are not fixed; rather, they are set for each cryptocurrency separately, with a 2.5% fee for BTC.

The payment model depends on the chosen coin: PPS or Full Pay Per Share, known as FPPS. Under the latter method, the pool also distributes transaction fees among miners, which adds 10% to 20% to their income. This method is used to pay for Bitcoin mining.

A notable feature is that Poolin provides mining on ASICs and GPUs from Nvidia and AMD. The development team regularly updates the software every couple of weeks to ensure the stability of the service.

BTC.com

BTC.com is one of the largest international cryptocurrency mining pools. It’s controlled by well-known manufacturer of mining equipment Bitmain, which produces a line of ASIC miners under the Antminer brand. The China-based platform was launched in 2013.

The commission for each block mined by the pool is set at 4%. Besides Bitcoin, a number of other cryptocurrencies can be mined through BTC.com, including Bitcoin Cash and Litecoin. Mining pool representatives keep records of its users’ income.

AntPool

AntPool is a Chinese project that was launched in 2014. Just like BTC.com, the pool is controlled by Bitmain. In addition to BTC, AntPool can mine seven more cryptocurrencies, including the privacy-oriented coins Dash and Monero (XMR).

Payments are made daily, and the service has low commissions, with some payments made with zero fees. In AntPool, payments are mainly made using the standard method, Pay Per Last N Share — or PPLNS — in which users get payments for the last share based on pool luck.

With this method, there is no fixed payment for the share, and the main issue is the speed of finding a block. When a pool uses the PPLNS method, the payment comes from “time shifts” between searching two blocks. It means that if the block is not found for a long time, the payment gradually increases.

A distinctive feature of the pool is the ability to work in “solo” mode — but not in the literal sense. The pool makes it possible to carry out “solo” mining through joint efforts. This means that the user whose rig has discovered the block will receive the payment.

SparkPool

SparkPool is registered in China and was launched in January 2018, and half a year later, the pool has entered the list of leaders in mining Ether. Additionally, SparkPool allows the mining of coins such as Nervos’ Common Knowledge Base (CKB), Grin, and Beam.

Mining takes place using the Ethash algorithm, and payments occur using the PPS+ method. Payments are made every day, based on Singapore Standard Time, and the minimum amount for payments is 0.1 ETH. On the 28th of every month, funds are withdrawn automatically if the balance is more than 0.0105 ETH, and the withdrawal fee is 1%.

Registering with the pool is optional. Users can mine anonymously, but if so, not all the functions of the pool will be available.

Ethermine

Ethermine is one of the most popular pools dedicated to Ether mining. This pool is the largest for Ethereum. Pool servers are located in Europe, Asia and the United States.

The pool uses the PPLNS payout model. The minimum payment amount is the equivalent of 0.5 ETH, and the maximum amount is 10 ETH. There is no commission for the withdrawal of funds, and payment comes instantly if the blockchain network is stable. The pool is intended only for mining cryptocurrency on GPU processors.

SpiderPool

SpiderPool is a five-year-old Chinese project that only supports four coins: ETH, BTC, BSV and BCH. Nevertheless, the pool is quite popular among Ether miners.

There is not much information available for non-Chinese users, but the pool’s commission is 2%. The minimum payout amount depends on the coin, but once per week, users can apply for an amount that is below the minimum threshold. Otherwise, payments are made automatically once per day.

Nanopool

Nanopool specializes in coins that are mostly mined using GPU cards. Currently, Ether, Ethereum Classic (ETC), Zcash (ZEC), Monero, Ravencoin (RVN) and Pascal (PASC) mining are supported. The pool allows users to mine not only a single cryptocurrency but also two different cryptocurrencies simultaneously, with a proportional distribution of power between them. Like any other mining pool, Nanopool has a fee that is charged based on the income of its users. The pool uses the PPLNS payment method.

Withdrawing Ether from a miner’s account balance to their wallet is carried out in Nanopool automatically when the minimum payment is reached, which is 0.05 ETH.

Nanopool does not have a clear payment schedule, but payments happen in several stages throughout the day. As soon as the miner’s account balance exceeds the set minimum value, it will be paid during the next round of payment.

To mine or not to mine?

When choosing a pool, each person should pay attention to the list of available coins to make sure their coin of choice is on the list. Also, consider the payout and commission model, as a pool that offers the lowest commission and pays for transactions is preferable. Another issue is the proximity of the pool servers: the closer the server, the more stable the mining process will be.

Related: The top crypto-mining graphics cards to get a big bang for your buck

In general, it can be said that no matter what coin the user chooses, they are unlikely to lose out when using a mining pool. According to Chun Wang, co-founder of F2Pool, the entire mining industry is currently on the rise:

“Bitcoin and other cryptocurrencies mining are continuing to grow, just the same as last year. Thanks to DeFi, there has been a period of high transaction fees in the ETH network in the past few months, leading to the ETH mining revenues much higher than usual. People were attracted to buy related mining machines to mine ETH. With the decline in mining revenue, miner’s passion for ETH mining participation fades recently. But BTC and other coins’ price rising rapidly makes mining more profitable, more people are willing to participate in mining now.”

 

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Crypto payments set for mainstream via compliance

 

Mainstream interest for cryptocurrency is becoming ever-apparent as major online payment systems such as PayPal begin to offer support for digital currencies. While a revolutionary step for both the crypto and traditional finance spaces, meeting regulatory requirements is crucial in order for such companies to support cryptocurrencies.

This year, PayPal secured the first conditional cryptocurrency license from the New York State Department of Financial Services, allowing for the purchase of Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).

On the surface, it would appear that PayPal has undergone the basic requirements to support digital currencies. However, what’s really notable is that to ensure delivery of its cryptocurrency service, PayPal, a company with a market capitalization valued at over $127.58 billion as of December 2019, chose to partner with Paxos, a regulated financial institution specializing in digital assets.

Bob Reid, CEO and co-founder of Everest, a fintech company providing regulatory compliance for financial institutions, told Cointelegraph that it’s impressive for a company as large as PayPal to have partnered with Paxos. “PayPal looked at implementing digital currencies and decided they needed to partner with a digital asset company in order to do so,” he said. Moving forward, Reid believes that PayPal will eventually need to partner with a cold-storage crypto custodian, adding:

“I think we will start seeing lots of traditional players like banks and major payment providers partner with crypto custodians. PayPal will be the first and then more banks and financial institutions will follow.”

As another example of the crypto and traditional sectors cooperating, Everest recently collaborated with BRI Remittance, a subsidiary of one of Indonesia’s largest banks, to provide users with a blockchain-based platform allowing Indonesians and Europeans to easily exchange value across international borders. Reid further shared that the company is now also working with the Bank of Papua New Guinea.

Companies are gaining regulatory support for crypto

Although it’s notable that PayPal has partnered with Paxos to ensure regulatory compliance for digital currencies, it’s also important to point out that smaller payment providers across the globe are following suit. However, these companies have a different method of ensuring regulatory compliance.

South Korean payment provider Danal Fintech — a subsidiary of Danal, one of the largest payment companies in South Korea — recently announced that its digital app Paycoin will integrate Icon’s (ICX) cryptocurrency. This will allow Paycoin users in Korea to pay using ICX at any of Danal’s 60,000 merchant partners, including major retailers like 7-Eleven, KFC and Domino’s Pizza.

Ted Hwang, CEO of Danal Fintech, told Cointelegraph that the subsidiary initially launched its Paycoin service in April 2019, becoming one of the first companies to utilize virtual assets for retail payments in Asia. Hwang shared that although Danal holds approximately 50% of the market share for mobile payments within Korea — equivalent to $5.5 billion per year — getting retail merchants to accept crypto has been difficult:

“There are several factors and issues, such as whether crypto is accepted as a legal payment method in that country, or whether a local micropayment license is required in order to provide such a service.”

In order to work around these challenges, Hwang explained that Danal Fintech has chosen to provide settlements in fiat currency to their partner merchants. “Local merchants and our local partners will receive settlements in legal tender through Danal, regardless of whether crypto is being used or not,” he said. Hwang further explained that this process is no different from existing payment solutions in terms of settlement, noting that this has helped address the regulatory hurdles faced in regions like Asia.

Interestingly, allowing retailers to accept crypto payments yet having settlements paid in fiat seems to be a preferable concept. Merrick Theobald, vice president of marketing at blockchain payments service provider BitPay, told Cointelegraph that although crypto payments are gaining traction, many businesses still prefer to deal solely in fiat. However, Theobald explained that many customers, employees, affiliates and contractors see the value in cryptocurrency, especially when it comes to payments, as there is a “growing demand for faster, easier, less expensive payment options.”

BitPay recently launched a service called BitPay Send to allow businesses to pay employees in cryptocurrency, and ensures that a business never has to buy, own or manage crypto themselves. But a company’s employees will still be able to receive payments in cryptocurrencies such as Bitcoin. “Businesses continue to deal in the fiat currency they feel most comfortable with while satisfying the crypto payment demand coming from their customers, employees, affiliates and more,” Theobald said.

In regards to regulations, Theobald shared that BitPay Send leverages a process identical to what the company uses for its payment service, which has already been processing close to 100,000 transactions per month this year. When using this service, regulatory and compliance reviews are performed on businesses and consumers in accordance with applicable laws. Since BitPay is headquartered in the United States, the company is also regulated by the Financial Crimes Enforcement Network.

Understanding regulations for new technologies utilizing crypto

It’s also interesting to point out that new technologies utilizing cryptocurrencies are being implemented and used by financial institutions. For example, Hong Kong-based fintech company XanPool has just launched a product called XanPay.

Jeffery Liu, CEO at XanPool, told Cointelegraph that XanPool is a customer-to-customer software that allows individuals to automate their financial transactions within their bank accounts, e-wallets and cryptocurrency wallets. “Users are also able to automate their cryptocurrency trading, and even earn profits from such transactions,” Liu said. He explained further that once users plug their financial infrastructures into XanPool, a network capable of routing and settling capital in a borderless manner is enabled.

According to Liu, XanPay is being used by various payment service providers and marketplaces in a white-label manner. He mentioned that XanPay’s parent company, XanPool, is currently pending licensing approval in various offshore jurisdictions for activities such as enabling e-wallets and payment systems.

 

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How to Earn Bitcoin: Simple Ways to Earn More BTC 

A popular way to earn Bitcoin cash is to create or share content online and socialize. Although publishing is free and you can get Bitcoin cash tips from other users, the latter platform offers other ways to get cryptocurrency. For example, popular content and those who discover it first will get more revenue because it spends a small amount of BCH to vote for other people’s posts and pays early voters and content creators.

There are also markets that allow users to earn Bitcoin cash to perform various tasks online. Two of them: Lazyfox and Taskopus. Like the popular regular data site Fiverr, Lazyfox provides data ranging from bug reports to beta testing of video games. Users can also download Taskopus, a decentralized marketplace, and pay each other with Bitcoin cash to perform desktop-based tasks. Taskopus is newer and has a steeper learning curve, but is more private and can lead to more interesting tasks.

ways to earn btc

Ways to earn more BTC browser

Brave is a privacy-conscious browser designed to prevent online tracking of its users. This largely means preventing advertisers from tracking you, which disrupts the most important revenue-generating methods on many websites. But brave manufacturers are not only interested in the integrity of the program. One of their goals is to fundamentally change the way websites based on the Ethereum blockchain using the BAT cryptocurrency (Basic Attention Token) to make money. News and information sites like this – and their readers – can benefit from this concept. Do you have time? It’s hard to say, but transferring power (and some of the money) to users’ hands is an attractive idea.

Ways to earn more BTC freelancer

Many people began to accept Bitcoin and other cryptocurrencies as compensation for work. This is a particularly attractive option for people who want to earn Bitcoin at home or as a freelancer. Whether you are an editor, musician, social media manager or artist, you can now make money using cryptocurrency in exchange for your services.

Ways to warn more BTC trading

It can be a good idea to know your skills before you start, and that includes relentless research on technical analysis methods and charts. Learning to trade is not easy, people should only compensate for the losses they can afford. However, it is very possible to make money by trading in a cryptocurrency market that runs 24 hours a day, 7 days a week. Bitcoin.com has a very user-friendly and easy-to-use cryptocurrency trading platform that offers a variety of popular digital assets and cryptocurrency pairs, such as BTC, BCH and USDT.

Ways to earn more BTC Affiliate marketing

Affiliate marketing is a popular way to make money for bloggers, news sites, social media and people every day. The company provides affiliate marketers with unique URLs or promotional codes to send to their audience. If the person who clicks on the link makes a purchase on your affiliate link, you will be rewarded.

Without a doubt, this is the easiest way to earn cryptocurrency. That is, if you can handle fluctuations.

You can earn fiat currency in real life, buy the cryptocurrency you believe in and “keep your precious life.” The key is to buy low and sell high and repeat it in the long run. In the long run, your patience may prove useful.

You can earn some cryptocurrency by blogging and writing on certain websites. The readers who pay you in cryptocurrency like what you post. If you know your content is valuable, you can also make money directly from the encrypted content. Dedicated to giving each reader full access to the content.

Reference

How to Earn Bitcoin Cash Income | Featured Bitcoin News

How to Earn Bitcoin: 5 Simple Ways to Earn More BTC 
Making Money on Lockdown: 5 Effortless Ways to Earn
Sick of Fiat? Here’s 10 Ways to Earn Crypto 

Simple ways to earn bitcoin

How Do I Get Bitcoin Cash? Easiest Ways To Get Bitcoin Cash

What is peer-to-peer electronic cash? Input to peer (P2P) electronic cash is simply described as online currency sent from one person to another without the need for a trusted third party. As stated in Satoshi Nakamoto’s original White Paper on Bitcoin, P2P cash uses digital signatures as part of the solution, but if a trusted third party is still needed to prevent fraud, it will lose important benefits. This makes P2P cash a secure and reliable transaction method without intermediaries.

How do I get Bitcoin Cash? Buy or earn Bitcoin Cash The two easiest ways to get Bitcoin Cash are to buy or work. Buying Bitcoin Cash is the most common and practical way, all you need to do is register a Bitcoin exchange and deposit money so that you can convert it to Bitcoin Cash. After the transaction, the exchange sends you Bitcoin Cash. Show more What can I buy with Bitcoin Cash? 4. Spending Bitcoin Cash Bitcoin Cash is not just used for speculation.

Bitcoin a peer-to-peer electronic cash system

The intended use is peer-to-peer electronic money, which means that they should be used. Bitcoin Cash can be consumed quickly with almost instant transactions and negligible transaction fees, making it the safest and most widely used digital currency on the planet. see more

Bitcoin Cash has given big money to the world and fulfilled the original promise of Bitcoin, namely “point-to-point electronic cash.” Merchants and users can enjoy low fees and reliable confirmation. Unlimited growth, global adoption, unlimited innovation,

And decentralized development. All holders of Bitcoin in block 478558 are also owners of Bitcoin Cash. Everyone is welcome to join our Bitcoin Cash community, as we continue to create healthy currencies that can be used on a global scale.

Flash Crash: Bitcoin rates start from 0.4K in minutes-CoinDesk

For the Bitcoin Cash Roadmap to become a solid foundation for application development and innovation, Bitcoin Cash must continue to improve and compete. By working together, we can build a technical foundation to give Bitcoin Cash the best financing in world history. View itinerary The best money in the world Bitcoin Cash gives healthy money to the world and fulfills the original promise of Bitcoin, namely “point-to-point electronic cash”. Merchants and users are entitled to low fees and reliable confirmation. Unlimited growth, global adoption, permitted innovation and decentralized development make the future brilliant. All holders of Bitcoin in block 478558 are also owners of Bitcoin Cash. Everyone is welcome to join our Bitcoin Cash community, as we continue to create healthy currencies that can be used on a global scale.

Bitcoin Cash provides a healthy currency for the world and fulfills the original promise of Bitcoin, which is “peer-to-peer electronic cash.” Merchants and users are entitled to low fees and reliable confirmation. Unlimited growth, global adoption, permitted innovation and decentralized development make the future brilliant.

Bitcoin blockchain transactions

Bitcoin is the first cryptocurrency to successfully register transactions in a secure, decentralized blockchain-based network. It was launched in early 2009 under the name Satoshi Nakamoto (Satoshi Nakamoto),

Bitcoin is the largest cryptocurrency measured by market value and the amount of data stored on the blockchain. Anyone who wants to run a Bitcoin node and store their own copy of the Bitcoin blockchain can use the Bitcoin software online for free. As Bitcoin matured, engineers designed other protocols to improve the speed and integrity of Bitcoin transactions, including the Omni Layer, Lightning Network, and Liquid Network. Only about 21 million bitcoins are created. Bitcoin miners mint new coins every 10 minutes. These miners help maintain the network by adding new transaction data to the blockchain.

Here’s What Really Matters in Choosing The Best Mobile Bitcoin wallet

Some wallets can give you full control over Bitcoin. This means that no third party can freeze or remove your funds. However, you are still responsible for protecting and backing up your wallet. Verification is not available. Some wallets can act as complete nodes. This means that third parties do not need any trust in the processing of transactions. Complete nodes can provide a high degree of security, but they require a lot of memory. Transparency is not available. Some wallets are open source and can be determined with certainty. This is a process of compiling software to ensure that the generated code can be copied to ensure that it is not tampered with.

The environment is not available. Some wallets can be installed on computers that are vulnerable to malware attacks. Protecting your computer, using strong passphrases, transferring most of your funds to cold storage, or enabling 2FA or multifactor authentication can help you protect Bitcoin. Confidentiality cannot be used. Some wallets make it harder to monitor transactions by rotating addresses. They do not disclose information to peers in the network. They can also choose to let you configure Tor and use it as a proxy to prevent others from linking transactions to your IP address.

Unavailable Fees

Some wallets give you full control over the settings for fees paid to the Bitcoin network that changes before or after the transaction, to ensure that the transaction is confirmed on time without paying more than you need.

Bitcoin Wallet - Mobilt - Android - Välj plånbok - Bitcoin

To show you the insecure cryptocurrency, I want to introduce you to Cody Brown. Cody is a blockchain and cryptocurrency writer, investor, and all-encompassing “commentary.” Despite this, he even lost $ 8,000 in 15 minutes.

52 Best Digital coin android mobile app images in 2020 | Digital ...

Choosing the best bitcoin wallet

When choosing the best online learning platform, which aspect is most important? It is not correct to choose only one aspect from the choices: the priority depends on each person, their values, wishes, and goals. Features that are important to one person may be completely related to another. But all users agree that high-quality learning materials are a prerequisite for online learning platforms.

Best Mobile Payment Apps: Make Your Smartphone a Wallet

Robinhood started as a free stock trading platform and has now expanded to include Bitcoin and other cryptocurrencies. Robinhood is both a wallet (for storing currency) and exchange like Coinbase (for buying/selling currency), so everything is concentrated in one place. However, you can not use another wallet to move coins back and forth between Robinhood. There are many different types of encryption clamp services. There are application-based cryptocurrency wallet services, offline services, and web-based services to choose from. After reading this guide, you can choose the appropriate wallet service according to your needs.

Use Exodus to manage your Bitcoin

According to your search criteria, a new inaccessible display wallet is ideal for new Bitcoin users. Experience is not available. View all wallets based on your search criteria. The difference between a hardware wallet and a paper wallet is that it provides built-in high security. Hardware wallets that look like USB flash drives have advanced security. This means that the device cannot be accessed without the correct password. It helps to improve security.

You can use Exodus to manage your Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and more than 55 other cryptocurrency assets, all within the app. In addition, Exodus will not touch the private key in your wallet but will encrypt it on your device and help you manage it. You also do not have to register for an Exodus account and protect your privacy. Your wallet and data are always stored on the device.

Reference

Best Bitcoin Wallets

Best Cryptocurrency Wallet: Choosing the Best Wallet for Crypto 

Mobile

The 7 Best Crypto Wallets for Android | Blocks Decoded