CRYPTOCURRENCY WALLETS

INTRODUCTION
In 1983, an American inventor named David Chaum designed an electronic cash system called DigiCash that was based on cryptographic algorithms. In 1997, a British cryptographer named Adam Back created HashCash that used the proof-of-work scheme to prevent email spam. In 1998, b-money and bit gold were released by Wei Dai and Nick Szabo, respectively.

The most famous cryptocurrency, Bitcoin, was created in 2009. However, cryptographers have been experimenting with cryptocurrencies over the past four decades

The list of firms that accept Bitcoin is constantly growing.

Dell, Microsoft, Virgin Galactic, and Tesla are just some of the firms that accept Bitcoin as payment. However, there are several small and more grass-root firms that also accept Bitcoin, including Etsy, Wordpress, Wikipedia, and the Grass Hill Alpacas farm in Haydenville, MA.

Several non-profit charities also use Bitcoin in order to making donating easier. The BitGive Foundation supports several campaigns including earthquake relief in Nepal and clean water projects in Kenya.

Cryptocurrencies are privately competing currencies that compete with other types of money and payment systems. The terms electronic moneyand digital currency are used interchangeably with the term cryptocurrency.

Unlike physical currencies, such as gold and U.S. dollars, cryptocurrencies do not exist physically or even digitally. Instead, cryptocurrencies are an accounting ledger that keeps track of how much money each account user owns. Cryptocurrencies are intriguing for economists because each one has a unique monetary policy

Bitcoin has several characteristics of money including scarcity, durability, fungibility, and divisibility. However, mainstream monetary theory suggests that money is a medium of exchange, a unit of account, and a store of value. Bitcoin does not make the best medium of exchange, since transaction fees have increased from close to a nickle to almost $4. Due to the fluctuations in bitcoin’s price, bitcoin is difficult to use as a unit of account or a store of value.

Although cryptocurrencies do not fit the economic definition of money, many people are still using Bitcoin and other cryptocurrencies as a way of sending value around the globe.

The aim of this site is to help those interested in the world of virtual currencies building themselves a portfolio around the opportunities available on the internet.

When a person has reached the point where he or she is indeed ready to invest in cryptocurrencies certain basic elements are required such as access to the internet. Cryptocurrencies also known as virtual or digital currencies are classified as digital assets and the are saved via the use of proper software that can be obtained on the internet.

MAIN WALLETS

DIRECT APPROACH
The direct approach assumes that the potential investor have the funds to actually buy cryptocurrency at an exchange and invest the newly bought funds where he or she wants it invested... In this case the investor should open a personal wallet/main wallet in which the newly bought funds can be stored until the investment thereof is done.

I reiterate that I am not a financial adviser but that everything is only an opinion and that risk is involved in trading cryptocurrencies and care should be taken with every transaction.  There are various crypto-wallets available but the following method is followed by me at the point in time.

Luno helps you buying bitcoin and or ethereum in three easy steps.
Use the invite link, sign up with Luno on the web, ios or android and complete the easy verification process.
Select your preferred deposit method and upload money into your Luno wallet.
Buy bitcoin or ethereum which is safely stored in your wallet for future use.

The instant exchange CHANGELLY converts bitcoin and or ethereum into most recognised cryptocurrencies and vice versa. The advantage of the instant exchange is that the requirement of a multi coin wallet or a wallet for each coin is removed or reduced to a minimum.

At a later stage I will deal with COIN OFFERINGS and the sale of TOKENS, in view of that I include another important personal wallet. In this TOKENS earned or purhased during COIN OFFERINGS can be stored in this wallet. If a person is not interested in holding bitcoin, the Luno wallet may be disgarded and only the following wallet installed but that is a matter of preference together with CHANGELLY.

MYETHERWALLET
In my opinion the main reason using MEW would be for storing tokens meeting the ERC20 STANDARD.In other words should a person be a follower of coin offerings, airdrops and or bounties the wallet is essential

Regardless of strategy main wallets in which coins can be stored are indeed essential when it comes to cryptos.

MICROWALLETS

A micro-wallet is similar to traditional desktop or online wallets, but it differs because it is used to collect small amounts of cryptocurrency, and is usually limited to a small total amount that it can hold.

These micro-wallets are included with your faucet account, and they’re used because the fees to transfer the small amounts paid daily by the faucet would wipe out any earnings. Using a micro-wallet allows you to accumulate a larger amount of cryptocurrency before transferring to your own wallet so the fees don’t eat up the entire transfer.

A microwallet is very descriptive seen as a piggy bank, over a period of time change (crypto) are collected and stored in the piggy bank (microwallet). Once sufficient change (crypto) have been collected in the piggy bank (microwallet) it is transferred to the  actual savings account, (Crypto Wallet). From the savings account a person choose holding, withdrawal or investment. It is however necessary to open online accounts in order to obtain access to microwallets.

As a person gets used, using microwallets it is noticed that some are actually interlinked. Some have there own exchange and some pays out to a regular wallets. The finer nuances of microwallets are not discussed and users should clarify matters with the support groups provided on the sites.

INDIRECT APPROACH
Earning funds online by completing simple tasks, claiming from faucets periodically and taking part in airdrops and bounties during coin offerings are ways to accumulate funds for later investment. The following paragraphs tries to simplify the use of microwallets and faucets in accumulation of cryptocurrency.

COINPOT ACCOUNT
Open a CoinPot account giving automatic access to their MicroWallet. The wallet is  designed to collect and combine faucet payouts and earnings. Within coinpot itself the function of the microwallet is explained in full. In cluded the actual link opening an account on coinpot as well as a list of the faucets already paying out earnings into the coinpot micro wallet.

https://coinpot.co/ 

FAUCETHUB ACCOUNT
Open a faucethub account giving a person access to their faucets etc. and the creation of a microwallet.

Huge microwallet with the same potential if not higher than the one already mentioned. The link opening an account is provided.
http://faucethub.io/r/53135128

COINTIPLY ACCOUNT
Open an account and use their faucet to earn coins on the hour.

Cointiply recommends the faucets associated with coinpot microwallet. Cointiply itself pays directly to a regular
 wallet, dogewallet or once again relies on a faucethub microwallet. The minimum payouts are unfortunately high.The advantage is the recommendation of 8 faucets that can be claimed from paying into coinpot.

http://cointiply.com/r/Gp4w

ALLCOINS ACCOUNT

Allcoins is in my opinion a very reliable site accumulating cryptocurrencies. Like the mentioned sites it is well equipped with its own ptc, offerwall, games, faucet , mining , exchange microwallet and chat facilities. It is definitely a cool site to join and experience.

https://allcoins.pw/?ref=103176

BITGAMES ACCOUNT

Open an account on bitgames site and use their offerwall, games, faucet , mining , exchange to your advantage in gaining free cryptocurrencies.

https://www.bitgames.io/?affid=7902523 


BITFAUCET ACCOUNT
Open an account on site and use their offerwall, games, faucet , mining , exchange to your advantage in gaining free cryptocurrencies.

http://bitcoin-faucet.com/?ref=Grysbudgie 


FAUCET CRYPTO ACCOUNT

Open an account on site and use their offerwall, games, faucet , mining , exchange to your advantage in gaining free cryptocurrencies

https://www.faucetcrypto.com/ref/35808 

hopefully the sites are by now recognisable by the fact that all of them have the same characteristics although they may not be supportive of all types of cryptocurrencies.
Use the provided linking benefiting the writer of site it will be appreciated.