Crypto101

How to transfer cryptos from Coinbase to Binance? In a previous post, I covered how to buy cryptos with USD? By now you have come to realize that on Coinbase : 1) your trading options are limited.  2) Fees are very high on this Primary Exchange. I label Coinbase a primary exchange because it supports trades from and to legal currencies. As you may have discovered, most exchanges out there do not support trading with legal currencies but only trading from one cryptocurrency to another. I label those exchanges Secondary exchanges . One of the most famous Secondary Exchange is the Taiwan-based   Binance . So you have traded a few dollars for Bitcoins that now sit on your Coinbase wallet and you are eager to get into crypto trading: Buying alt coins like Ripple, Neo, IOTA… you name it. As stated in my previous post, the website coinmarketcap.com provides a great overview of all the various cryptocurrencies that are out there and where to buy them. ...

What these terms mean: coins, tokens? While I have definitely joined the crypto frenzy, I cannot help but noticing that the cryptoverse is not exactly user-friendly. As a proof, not too long ago, someone on a social media crypto group, was asking this plain question... "Can somebody tell me what these terms means? 1. Token 2. Coin 3. Alt Coin It is a very legit question, here is my best answer.  It is common to split cryptocurrencies into 3 categories: the Coins, the alt coins and the tokens The Coins These cryptocurrencies  are the main cryptos like Bitcoin (BTC) or Ethereum (ETH). They are the elder crypto currencies. They can be bought with legal or so called fiat currencies  (USD, EUR...) on exchanges that support fiat (legal currency) deposits like Bitstamp, Coinbase. The AltCoins  Growing parallel to the above main coins, Alt coins have flourished.  Most were built as an alternative or a spin-off to one of the main coins. For examp...