Crypto School

V's Top 7 Cryptos, November 2017

Frank DeLalla

1. Populous

  • Website: Populous.co
  • About: Clif High’s summary: “This coin is an offered as a representation of a ‘factoring marketplace’ in which invoices against future collections are sold for cash now.”
  • ERC20 Token
  • Wallets: MyEtherWallet
  • Exchange: EtherDelta

2. PayPie

  • Website: Paypie.com
  • About: PayPie platform brings ultimate trust and transparency to the financial markets by introducing the world’s first risk score algorithm based on decentralized accounting.
  • ERC20 Token
  • Wallets: MyEtherWallet
  • Exchange: EtherDelta

3. Salt

  • Website: Saltlending.com
  • About: Blockchain-Backed lending platform
  • ERC20 Token
  • Wallets: Exodus, MyEtherWallet, Jaxx
  • Easy way to get: Shapeshift, Exchange in Exodus

4. Pillar

  • Website: Pillarproject.io
  • About: THE PILLAR WALLET is the next-generation, open-source wallet that will become the dashboard for your digital life.
  • ERC20 Token
  • Wallets: MyEtherWallet
  • Exchange: EtherDelta

5. EOS

  • Website: EOS.io
  • About: Smart contract platform. “Designed to deliver on Ethereum’s promises.”
  • ERC20 Token (for now)
  • Wallets: Exodus, MyEtherWallet, Jaxx
  • Easy way to get: Shapeshift, Exchange in Exodus

6. OmiseGo

  • Website: omisego.network
  • About: “Unbank the Banked with Ethereum”. OmiseGO is the answer to a fundamental coordination problem amongst payment processors, gateways and financial institutions. By enabling decentralized exchange on a public blockchain at high volume and low cost, OmiseGO provides a next-generation value transfer service operating across currencies and asset types. Through the OmiseGO network connected to the Ethereum mainnet, anyone will be able to conduct financial transactions such as payments, remittances, payroll deposit, B2B commerce, supply-chain finance, loyalty programs, asset management and trading, and other on-demand services, in a completely decentralized and inexpensive way. Further, millions of mainstream users in the largest growing economies in the world will be enabled to make the transition from using fiat money to using decentralized currencies such as ETH, BTC, and others. The OmiseGO network is intrinsically agnostic between fiat and decentralized money: as far as adoption and usage go, the system is constructed so that the best currencies will win.
  • ERC20 Token
  • Wallets: Exodus, MyEtherWallet, Jaxx
  • Easy way to get: Shapeshift, Exchange in Exodus

7. Litecoin

  • Websites: Litecoin.com and Litecoin.org
  • About: “Global decentralized currency based on blockchain technology.”
  • Get it on Coinbase! Easy to exchange through Exodus and Shapeshift.io.
  • Wallet: Exodus and many others.

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Part 2: Sending, Receiving & Holding Cryptos

CoreFrank DeLalla

Holding: Wallets

There are better places to store your cryptos than Coinbase! Or any other exchange for that matter. It’s a great way to purchase, but not the best place to store your investment. (we’ll talk about how to send things into a wallet in the next section.)

You do not need to go set up all of the following wallets at once. I recommend downloading the Exodus Wallet first until you NEED to do more to accommodate other coins and tokens.

Sending, Receiving, and Storing:

Every wallet has an address. If you want to send Bitcoin to someone, that person needs to have their own wallet. You’ll need to get their address in order to send BTC to their wallet.

In most cases you’ll be sending BTC or another coin or token from one of your own wallets or exchange wallets (like coinbase) to another one of your own wallets or exchanges. There are a few important things to remember:

  1. You can only send coins to compatible wallets. BTC only goes to BTC wallets. ETH only goes to ETH wallets and so on.
  2. You need a compatible wallet to hold new coins. For example, if you want to exchange ETH for EOS using the Shapeshift.io site, you will still need to have an EOS wallet ready to receive the new coins.
  3. ERC–20 tokens can be stored in the MyEtherWallet.com wallet (or MEW). Many of the popular tokens being traded are built on the Etherium network using the ERC–20 standards. Don’t guess. Make sure a token is listed in “Tokens” section at etherscan.io/tokens. The majority of Initial Coin Offerings or ICOs today are ERC–20 tokens. This means you’ll most likely want to set up a MEW if you want to participate in ICOs.
  4. Crypto trading platforms like bittrex.com have wallets built in so that you can trade without having to create new wallets as you go. Most people recommend that you DO NOT leave your coins sitting in a wallet exchange. Once you have the coins you want, move them to a secure wallet that you control.

Exodus Wallet: This is my favorite wallet for Bitcoin, Etherium, Litecoin and a few others.

Exodus.io

The Exodus wallet has an exchange function built into it. This means for example that you can send Bitcoin from your Coinbase into your Exodus wallet and then exchange it for some OmiseGo tokens or EOS tokens right inside the wallet without having to set anything else up. Very handy.

NOTE: ALWAYS backup your wallets. As soon as you open your Exodus wallet, follow the instructions to back it up. Keep a hard copy of the backup phrase as instructed.

TIP: The password management app 1Password, is also good for keeping a copy of wallet keys, passcodes and whatnot “in the cloud”. It’s secure and affordable.

1Password.com

For exceptional security, purchase the MyGoldUSB at MyGoldUSB.com.

Jaxx

Jaxx.io

Similar features to Exodus, but works across multiple platforms including mobile.

myetherwallet.com

MyEtherWallet.com

Many of the coins you’ll want are actually Tokens built on top of the Ethereum network. These are known as ERC20 tokens. The My Ether Wallet (MEW for short) allows you to store Ethereum and your ERC20 tokens in your wallet. Examples of ERC20 tokens include Veritaseum, Populous, Pillar, TenX, and many more. More about MEW in the next video!

Part 1: 3 Ways to buy Bitcoin and Cryptocurrencies with DOLLARS (USD).

CoreFrank DeLalla

1. Coinbase.com

CLICK: COINBASE.com

The easiest way by far to get started with crytpos is to purchase Bitcoin (BTC), Etherium (ETH), and/or Litecoin (LTC) using Coinbase. (You can then use Bitcoin and Etherium to exchange for almost any other Coins and Tokens that you want to invest in. More on that in future videos.)

You can use debit card, ACH or wire transfers with Coinbase. Your weekly limits will grow as you use the site. If you want to purchase larger amounts of BTC or ETH quickly, set up an account with Gemini.com. There are no limits on Wire transfers once your account is setup and verified.

IF you don’t have an account yet, use the following link and we’ll both get a bonus $10 worth of BTC when you spend $100 or more.

If you’d like to review Coinbase fees, CLICK HERE.

CLICK: COINBASE.com

2. Gemini.com

Gemini.com

  • Good: Buy LARGE amounts of BTC or ETH using Wire Transfers or ACH transfers.
  • Bad: Can take a relatively long time to open Account.

3. LocalBitcoins.com

  • Good: Private.
  • Bad: Have to leave your house.