FAQ
Want to know something about our knowledge cum advisory business in the crypto space? Check out these Frequently Asked Questions.
Now, when you see all the definitions and concepts of cryptocurrencies and their related processes, you may get confused. Crypto Whale is that guide or helping hand that brings you out of the turmoil and gives the right information for your utility. Our simple and to-the-point venture intends to create an easy-to-understand knowledge base for all the new and old crypto investors. We handle your Portfolio depending on your risk capabilities and helps you to maximize your gains in a given time.
CryptoWhale is among one of our country’s leading platforms, which offers expert guidance on your crypto moves. Our platform proffers you an integrated service that includes;
To start your cryptocurrency investments, you need to make a crypto wallet. For instance, if you are investing in Bitcoin, you need to make a Bitcoin wallet after joining an investing platform. The next step is to link your wallet with your bank. Then, when you receive your Bitcoins after sanctioning the order, you can utilize them to invest. For example, you can invest them in yield farming, staking, passive income, liquidity pool, etc
At Crypto Whale, we are the finest team of crypto experts and enthusiasts, who contribute their geniuses in creatively representing the complexity of crypto assets. We know a lot of people do that, but what makes us different is our approach. While focusing on all the elements and factors affecting the market, we suggest the right decisions for your investments. Our specialised base of knowledge in NFTs is what makes our approach much interesting. Besides, our experts are backed with experience in diverse areas, including communication, innovation, finance, and development.
Like any other investment portfolio, the crypto portfolio is a combination of crypto tokens, smart contracts and of course, NFTs that you have made investments on. At Crypto Whale, we believe that investing in the right set of assets from the crypto space will help in acquiring rewards beyond your expectations.
Many clients new to the digital finance world asks us what is cryptocurrency. Well, the concept and meaning could be expansive, but in short, you can understand it as a digital token or currency circulated on a decentralised ledger platform. Using blockchain technology, this digital currency has expanded the way we use to treat and deal with money.
Ans. In the present market, cryptocurrencies that rank high on the chart include Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash. Though, you might have heard of names like Dogecoin and Shiba Inu. These are also a kind of token, however, they are smart contracts and have a slight variation from general cryptocurrencies.
Blockchain is the technology that has made crypto a reality. It’s a digital ledger with tamper-proof features. The technology creates a network among several computers from all over the world that further stores encrypted copies of records i.e. crypto tokens and their contracts.
So, NFTs are Non-Fungible tokens that can be defined as blockchain identified digital objects. They have some exclusive features including inter-changeability and uniqueness. These tokens are inspired by music, art and block-chain based video games.
When it comes to smart contracts, you need to know that these are simple programs stored and operated on blockchain as per the set conditions. They automate the process of executing agreements to remove the participation of intermediaries.
There are multiple reasons why cryptocurrencies are swaying the investment and trading market in the world. The important ones are low fees and minimal or zero involvement of world governments. On the other hand, profit and ease of operations make cryptocurrencies extremely viable for investors. However, something that adds to all these points is the opportunity. The market was established just a decade ago and today stands at a position where it impacts the entire world economy to a great extent.
As mentioned, cryptocurrencies are not regulated by any government, hence, they are decentralised. Although, you might be thinking that what controls the flow. Well, blockchain enables the free flow of crypto tokens. Bitcoin, the leading cryptocurrency in the world is not regulated and is exchanged on various crypto platforms. They are affected by the free flow of the market along with other external factors that impact investor sentiments.
There is a major difference between a crypto wallet and a crypto exchange. Like any other money wallet, crypto wallet stores and retrieve crypto assets. On the other hand, a crypto exchange allows users to buy cryptocurrencies and make their sales when needed. By paying a certain currency conversion fee, you will be able to make sales and purchases on a crypto exchange.
Stablecoins are types of crypto tokens that peg their value in the market in reference to an external entity. For example, a stable coin will get its value from a specific currency pair.
Cryptocurrency is also an essential foundation for pegging the values like US dollar, privacy coins, etc. As time passes, governments have also started accepting cryptocurrencies. This also includes crypto uses in government, fungible, and non-fungible tokens. If we see more comprehensive levels, then cryptocurrency can also be used for central bank digital currency exchanges in various direct and indirect ways.
The blockchain stores the pathways and owners of the cryptocurrency. It records the path of every cryptocurrency exchange. It is a decentralized technology that creates the whole framework of crypto functioning. However, we can consider cryptocurrency as the resultant entity component of the blockchain.
Crypto means all the digital or virtual currency that exists globally. The term ICO stands for Initial Coin Offering. This encompasses the process where a private company begins its public offering. Coins are cryptocurrencies that have blockchains.
The answer depends upon the industry’s circumstances at the particular niche of time. The capital loss depends upon the market value graph. The fluctuations can affect the value you will get while converting your cryptocurrency into real currency. However, with the proper, precise, calculated estimations and fitting techniques, you can dodge the market’s dips.
The cryptocurrency is under no obligation or authority of any government or organization. It is a decentralized network of virtual currency that keeps all the transactions anonymous. No one unit or entity can influence or control the crypto. However, the developers or makers can introduce specific terms to keep the transactions in check.
The transaction fees are the way of earning for miners. A miner is responsible for validating, testing, and confirming a Bitcoin transaction. So every time you make a transaction, it gets to a miner who looks into the origin of the Bitcoin and its transaction history and other details. So better transaction fees more priority to your transactions and vice versa.
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