Ever since Bitcoin made an appearance in 2009, digital currency usage has increased significantly in popularity. Crypto currencies, also known as digital currencies or alt coins, aren’t regulated, produced or monitored by any national governments or central banks.
The name “digital currencies” is pretty self-explanatory. It means that all these currencies exist in the digital realm and as such you can’t physically hold them in your hands.
These virtual currencies function like real money; they can be used to purchase goods and services online through merchants that accept crypto payments. However, without a special account, they cannot be converted into fiat currency like euro’s or dollars for example.
The values of these digital currencies are determined by the community of users engaging in crypto trade. This open “crypto trade” financial network is not subject to taxes, and all crypto transactions cannot be traced. This is a big plus for people looking for an investment vehicle that is not tied to a bank or to laws of any jurisdiction and will net great profits. These profits will be higher than any interest rate you get at any bank at any given time.
The Purpose of CoinFinance.
CoinFinance is a website where one can create a portfolio. The Coinfinance website also doubles as a kind of online library of detailed information on digital currencies. Because the number of Bitcoin and alt coins continues to rise, so will the demand of platforms that examine and monitor Crypto currencies.
As such the community is in need of tools to help them: conduct in-depth analysis of markets, help them identify what coins are worth acquiring, and finding out the latest news on the cryptocurrency trade.
That is where Coinfinance comes in. CoinFinance will give investors access to such crucial data and relevant tools to help them reduce risks associated with increasing their coin wealth and diversifying their assets.
CoinFinance will offer answers to our investors, especially when confronted with questions that are of a financial and/or trading nature. Here are some tips to help crypto investors enjoy an informative and results-oriented visit to the website:
CoinFinance website : http://coinfinance.com
Get your daily dose of top stories on the cryptocurrency community by exploring the newsfeed in the CoinFinance main page. Clicking on a news title will lead the reader to an external and very reliable news source where the full story is posted. This is a very useful feature, especially for busy people who have no time to search the Internet for crypto news. This feature also consolidates all pertinent updates in one location and will be available with just one click of a button.
Take advantage of the free plugins or widgets for your virtual investment blog. CoinFinance offers customizable codes that generate displays of up-to-date coin prices (the type of coin and the currency for which the value will be generated can be pre-determined). As such these codes can show the flows, the rise and fall, of prices in the crypto market. This will give you access to accurate crypto data straight from CoinFinance even when you are off site.
Create and manage your very own CoinFinance portfolio so that you will have access to the coin wealth tracker. This tool computes what your entire portfolio is worth in Bitcoin and other currencies. This comes in handy especially if your account is primarily for cold storage of Bitcoins and altcoins.
Generate more data by using the currency converter and mining calculator. One of the strengths of CoinFinance is that it not only provides a steady flow of readily available information, but also gives you the tools to calculate the specific data that you need at any given time.