More Than Finances

All about cryptocurrency, all the time.

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Should You Buy Bitcoin from Coinbase?

Bitcoin

Coinbase established itself as one of the world’s largest cryptocurrency exchanges. It has a 10 million strong user base which has created $50 billion worth of transactions on the platform. Coinbase operates exchanges of Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. These are facts very few people now. Thus, it is no surprise that not much is  known by the general populace about Coinbase. Coinbase strikes a chord of intrigue. Its important to explore its workings to unearth the practices of the digital currency exchange and factors to consider when deciding on whether to buy bitcoin from Coinbase Read More

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How to Reduce The Costs of Investing in Cryptocurrencies

Identifying the hidden costs to investing in cryptocurrencies helps to improve prospects of gaining more profits. Opportunities to reduce costs of investing in cryptocurrenices stem from transaction fees, wallet fees, exchange fees, and dollar cost averaging. Understanding the architecture of cryptocurrency network goes a long way in reducing costs.  Read More

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Market Cap: Is Market Capitalisation Still Relevant for Cryptocurrencies?

Market Capitalisation

Market Capitalisation

One of the main issues with using market capitalisation as an indicator of cryptocurrency investment value is the fact that locked up cryptocurrencies can easily be overlooked by investors. There are significant amounts of cryptocurrencies that are either not in circulation or lost. Read More

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The Top Alternatives to Bitcoin

Bitcoin exceeded the expectations of many as it passed its tenth year in existence. A decade ago, the idea of a digital asset secured by programming code and advanced cryptography would have seemed laughable or even insane. Yet, investors pour billions of dollars into bitcoin as many anticipates figures as high as $100,000. While there are many proponents of bitcoin, there are understandably many critics who do not see the cryptocurrency lasting beyond the next ten years. This brings to light the alternative digital assets that may be used to diversify one’s portfolio. Read More

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How to Pay Your Cryptocurrency Taxes

Gaining an in-depth understanding of both state laws and Federal laws helps to reduce the risks of making costly errors when reporting taxes. More states are creating laws that affect how taxation should be paid for cryptocurrencies. While this makes it harder to keep up with tax obligations, there are several benefits to keeping in the know of both Federal and State tax laws. Some states offer more favourable tax laws on cryptocurrencies, which may help one in creating strategies to legally lower their tax obligations. Read More