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What is a Crypto currency wallet by CoinTracker app? Backup your wallet. Store only small amounts of currency for everyday use online, on your computer or mobile, keeping the vast majority of your funds in a high-security environment. Cold or offline storage options for backup like Ledger Nano or paper or USB will protect you against computer failures and allow you to recover your wallet should it be lost or stolen. It will not, however, protect you against eager hackers. The reality is, if you choose to use an online wallet there are inherent risks that can’t always be protected against.

There’s a need for one to be more than cautious when looking to invest in any ICO. Knowing when to or not to invest in an ICO is not about science; rather, it’s about paying close attention to those details that most people seem to overlook while only focusing on the promised returns. Conduct a background check on the team behind the project and analyze their ability to deliver on their promise. In addition, you should also look at the viability of the idea behind the ICO, poke holes in the project’s white paper and seek answers where necessary. That will ensure that no stone is left unturned and, if by the end of it you still have doubts about the project, you’re better of passing than chance it investing in that ICO.

Cryptocurrencies, sometimes called virtual currencies, digital money/cash, or chips, are not exactly like US Dollars, Euros, Venezuelan Bolivars or Peruvian Soles. They exist “online” and are not usually backed by a government (there are exceptions). They are backed by the respective user networks that keep them as Bitcoin.

Now what, these apps say they don’t expose this data publicly. Are they really mean it? If you had a check on long privacy policy in each and every app. If any sort of law enforces them to reveal these data they are happy to reveal this data without even letting you know, as you have already bound to their privacy policy. So the best way of being private is selecting an app that really does not collect any of the above information. We at CoinTracker: Crypto Portfolio really does that when you track your cryptocurrency portfolio with our mobile apps. We’re also doing research on making the cryptocurrency transactions more secure and easier with our apps. Stay tuned with our blog for more future updates. Discover even more information at cointracker app.

Rule number one of investing; don’t invest more than you can afford to lose. You should go into this ready to lose whatever you put in. Ultimately, as the price swings up and down, you should remain calm and still be living a healthy life with room for regular spending. I’ve heard countless horror stories of people investing greedily with their entire life savings or borrowing large sums of money. This is a HUGE mistake.

How would these cryptocurrency apps with intention or without intention collect your identity? Straightforward way of collecting your identity is by making a login mandatory to track your altcoins or bitcoins. You might expose your email or even more data if you log into your cryptocurrency app via a social login. We at CoinTracker believe even an optional login introduced by an app to sync data must be anonymous (We’re doing research on this).

Exchanges provide you with information on how many (or how much of a) Bitcoin you can buy for specific sums of money. However, due to its volatile nature, Bitcoin prices can vary dramatically by exchange and from moment to moment. That means that even if you have a lot of money to burn, you’ll probably be buying a fraction of a Bitcoin. There’s nothing wrong with that and for most people is the route they’ll go down as few but the wealthy can afford more than that.

Coin Tracker supports all major cryptocurrencies including Bitcoin, Ethereum, Litecoin, ZCash, DASH, Ripple, Monero, and many more. You can view CoinBase like beautiful charts with CoinTracker app for all major cryptocurrencies. You would have simple user interface to add and start tracking your bitcoins and altcoins. Was looking for a different app to couple with Blockfolio because some of the cryptos listed aren’t the best for quick analysis and am happy with this. See additional info at https://cointracker.cash/.