Press "Enter" to skip to content

Posts published in “Tutorials”

How to Check the Status of Crypto Matter in Supreme Court by yourself!

Update: Supreme Court has Quashed the RBI circular on March 04. 2020, deeming it unconstitutional. Check the status of any case in Supreme court on the official website. How to check if the case is being heard on the listing day! A total of Five cases tagged together for Cryptocurrency Matter. Next date of hearing set to March 29, 2019 Crypto Community always insists “Do your Own Research”. We at…

CoinSafe Wallet Needs Approval from Trusted Devices to Recover Lost One

Update: CoinSafe has been shut down! We beta tested Coinsafe Crypto wallet’s recovery method. A key feature to recover a lost wallet involves an approval from 2/3 or 3/5 ‘trusted devices’. Developed by Arnav Vohra and Tarun Gupta with a tag line “Never Lose Your Bitcoins” Coinsafe allows setting up a recovery of the wallet in app itself. Back in 2017-2018 I watched a bunch of videos on a youtube…

Can Koinfox change the way we trade on exchanges like Binance & Bitmex?

When we choose to review something new – sometimes it doesn’t have to be completely novel, just be unique, we spend time on explaining how it works as well. A review of Koinfox is not more than 50 words long. But what is the point if a reader does not know what it is and how to use the system we review? That is why this is more of a…

On Masmic, Users Get Paid in XLM to Answer Questions

Incentivising time that users spend trying to help those who have questions, askers have to attach a bounty of XLM with each question they ask. The bounty is then shared with the best answers and upvoters, encouraging voters to choose better answers, thereby distributing the reward fairly. In other words, you get paid to answer questions. Are you familiar with Quora? The place where some of the weirdest questions get…

A Guide and Review of Margin Trading on Binance with CoinDCX Exchange

I was wondering why DLT pumped. I couldn’t find a reason on search engines. But I presumed there will be a pull back – maybe a tiny one. I immediately wanted to short it when I came to that conclusion. The question – where can I do so, as it is listed on Binance? Answer: CoinDCX. CoinDCX recently introduced margin trading to their bouquet of crypto trading products with leverage…

Understanding Income Tax on Cryptocurrency Profits in India

There’s no doubt that a cloud of FUD has been cast over the Indian crypto community due to the current lack of regulations and the possibility of unfavourable ones in the near future. Although the levels of enthusiasm for Blockchain technology and its ground-breaking applications remain high, its adoption continues to struggle owing to seemingly complex legalities. Unfortunately, more often than not, the perception of law is confused for the…

Proof of Keys Celebration: Take Back Control of Your Bitcoins, Cryptocurrencies Today

January 3, 2019 marks the tenth anniversary of the first ever Bitcoin block mined, aka Genesis Block on the same day in 2009. It is also the day that may start a new annual tradition, the “Proof of Keys celebration”. Cryptocurrency expert and evangelist Trace Mayer is advocating people to remove all their Bitcoins from third-party crypto exchanges and similar services on January 3, 2019. Why? “Just to prove that…

Crypto Derivatives: Understanding Bitcoin Futures and Margin Trading

Making money trading crypto was easy in 2017. HODLing was the best strategy. The traders (as opposed to “investors”) could 2-3x their money within days, sometimes even by randomly picking coins.  The picture is dramatically different in 2018. With the crypto marketcap down about ~85%, HODLing hasn’t really been effective. Moreover, when the entire asset class is in a downtrend, spot trading (i.e. buying and selling actual crypto assets) is…

I tried the new Instant INR Deposit on Bitbns and it did not Disappoint

Bitbns exchange announced INR 2.0, aka instant INR deposit service.  P2P INR deposits are time consuming as user has to wait for the other person to confirm they’ve received the money. Bitbns is removing the waiting period.  Bitbns confirms deposits immediately, as long as the amount is less than 80% of your net worth (INR value of your total holdings.) We test the instant deposit system.  Buying and selling cryptocurrency…

How is Security Token Different From Utility Token?

The initial coin offering (ICO) or the Token Generation Events (TGEs)is an innovative crowdfunding model that enables new businesses to sidestep traditional early seed investment. In 2017, ICOs raised over $4 billion in capital and massively disrupted conventional finance. Through the ICO fundraising model, new companies can raise capital by issuing crypto tokens on a blockchain — most commonly Ethereum — and circulating them to token purchasers in return for making a money related…