“It’s true: beginner cryptocurrency holders face a fundamental market problem. They don’t know who to trust, how to make a trade, or even how to store their crypto securely.”
More than 14% of Americans used to own cryptocurrencies at the beginning of the year 2020 and a handful of others have said they are interested but don’t know where to start. Also they have said that they are afraid of the risks or that it’s just too confusing.
There are several ways DeFi users can earn via yield farming and we guess most of you are aware of this. But not everything is sunshine and rainbows.
It is not that simple now, as the technology is still young. As we’ve seen with some of the recent “rug pulls” and “hacks” there is a real scenario you can lose all of your funds staked.
So, here’s our brief presentation on earning with DeFi yield farming – is it rocket science or a child’s play? We have also tried to highlight some points as to how BlockBanc aims to simplify and secure DeFi yield farming for the masses.
Gas is the “fuel” of Ethereum and it determines the normal operation of the ecosystem of Ethereum.
It is needed in the ETH network to complete transactions, to execute smart contracts, to launch DApps, and to pay for data storage. If you want to send ETH or ERC20 or to interact with the smart contracts, you would require ETH to pay for the Gas Fee. Here’s everything you need to know about Gas, Gas fee, Gas Price, and Gas Limit.
Although Uniswap has its own benefits, the process of trading comes with a host of complexities. BlockBanc aims to make the entire process simpler.
Now you can trade on the Uniswap portal right from the BlockBanc app. No need to jump from app to app. Here’s how you do it in a few simple steps.
Uniswap is a fully decentralized protocol for automated liquidity provision on Ethereum. Uniswap empowers developers, liquidity providers, and traders to participate in a financial marketplace that is open and accessible to all.
Although Uniswap has its own benefits, the process of trading comes with a host of complexities. Here’s how BlockBanc can make the Uniswap trading process simple. Read more
As you ought to know by now, market cap is used to identify the value of a cryptocurrency and compare it accurately against other cryptos.
In the world of cryptocurrency, market cap or market capitalization is a measure of crypto security. It is typically defined as the total circulating supply of tokens multiplied by the current price.
Market capitalization is an indicator of the amount of risk involved in crypto investment. Large cap cryptocurrencies present less risk but limit the growth potential substantially. Small cap cryptocurrencies inherently present more risk but have huge growth potential yielding tremendous rewards to early investors when they succeed. Read more
Adding an ERC Token (namely the TrustSwap token “SWAP”) to the BlockBanc Wallet is fairly simple and straightforward. Let’s go through the steps in detail.
Buy gift cards with crypto of your favorite fashion brands, restaurants, etc. on the app. Have them delivered right into your email.
Here’s how you do it.
A backup of your crypto wallets ensure that your assets stay protected in case of a software or hardware failure. It may also help you retrieve your assets in case your device gets lost or stolen.
The wallet on the BlockBanc app comes with a simple backup feature that you can use easily to backup as well as restore your assets. Here’s how you can do it.
Bitcoin is a mainstream cryptocurrency, but the biggest obstacle is letting users buy Bitcoin securely with a debit card.
Most Bitcoin exchanges accept many payment options, except for credit/debit cards. The process to fund crypto is to wire transfer (3-5 business days), e-transfer (instant usually) or use a credit card to send your money to a 3rd party broker or a crypto institute. We aim to solve this problem by partnering with various exchanges and convert FIAT to crypto on the application easier and faster than ever before.
Here is how you can buy bitcoins on the BlockBanc app in a few simple steps.