This page is used to inform website visitors regarding our policies with the collection, use, and disclosure of Personal Information if anyone decided to use our Service.
Information Collection and Use:For a better experience, we may require you to provide us with certain personally identifiable information, including but not limited to your name, phone number, and postal address. The information that we collect will be used to contact or identify you.
Log Data:We want to inform you that whenever you visit our Service, we collect information that your browser sends to us that is called Log Data. This Log Data may include information such as your computer’s Internet Protocol (“IP”) address, browser version, pages of our Service that you visit, the time and date of your visit, the time spent on those pages, and other statistics.
Cookies:Cookies are files with small amount of data that is commonly used as an anonymous unique identifier. These are sent to your browser from the website that you visit and are stored on your computer’s hard drive. Our website uses these “cookies” to ensure certain website features function properly. This data is not mined, shared, or otherwise collected for commercial use. You are free to delete these cookies from within your web browser. You agree to the use of these cookies by visiting our website and using its features.
Service Providers:We may employ third-party companies and individuals due to the following reasons:
To facilitate our Service;
To provide the Service on our behalf;
To perform Service-related services; or
To assist us in analyzing how our Service is used. We want to inform our Service users that these third parties have access to your Personal Information. The reason is to perform the tasks assigned to them on our behalf. However, they are obligated not to disclose or use the information for any other purpose.
Security:We value your trust in providing us your Personal Information, thus we are striving to use commercially acceptable means of protecting it. But remember that no method of transmission over the internet, or method of electronic storage is 100% secure and reliable, and we cannot guarantee its absolute security.
Children’s Privacy:Our Services do not address anyone under the age of 13. We do not knowingly collect personally identifiable information from children under 13. In the case we discover that a child under 13 has provided us with personal information, we immediately delete this from our servers. If you are a parent or guardian and you are aware that your child has provided us with personal information, please contact us so that we will be able to do necessary actions.
What is Cryptocurrency?
Cryptocurrency is digital money that can be used to buy and sell goods and services online. A technology called blockchain powers cryptocurrencies; it is a decentralized network that is spread across many computers, managing and recording transactions. People store cryptocurrency in a digital wallet device or on a computer, on a phone or in the cloud. There are thousands of digital currencies today – some of the better known cryptocurrencies include Bitcoin, and Ethereum.
Beyond a method for payment, what are other functions of cryptocurrencies?
Cryptocurrency value can be pegged to underlying asset such as U.S. dollar, central bank digital currencies, privacy coins (senders and receivers are anonymous), governance tokens (gives owners the right to vote in decisions regarding blockchain’s future development), utility tokens, and non-fungible tokens (distinct characteristics from all others). This is from a developer/development side. Of course, there are also investors and speculators who are hoping for appreciation. It is very important you know the intent and functionality of cryptocurrency you own or are considering owning.
How are cryptocurrency transactions recorded?
Cryptocurrency transactions are recorded on a shared, digital ledger called a blockchain. This is decentralized technology, spread across many computers, that records every transaction.
Are blockchain and cryptocurrencies the same?
No. Blockchain is the technology that allows for cryptocurrencies to work. It is a decentralized and digital ledger of transactions used for cryptocurrencies and other assets/functions. It is important to separate the technology behind cryptocurrencies from the actual cryptocurrencies.
Help me with the lingo — crypto, coins, tokens, ICOs.
Here’s a brief glossary: Crypto — umbrella term for all digital and/or virtual currencies Coins — Generally, any cryptocurrency that has its own separate blockchain Tokens — Generally, any cryptocurrency that is built on top of existing blockchain, e.g., some companies issue their own cryptocurrencies, called tokens, which can be used to purchase goods or services specifically from issuing company ICO — Short for Initial Coin Offering, this is analogous to a privately held company going public via an initial public offering (IPO)—a way to raise funds for a new cryptocurrency or expand services for existing coins
I have U.S. dollars — how do I purchase cryptocurrency?
There are a couple of methods, but the simplest and least expensive is via an online cryptocurrency exchange. You establish an account and from there, you transfer in cash and purchase the cryptocurrency of your choice. The exchange will allow you to buy, sell, and hold cryptocurrency. The user experience, fees, and identification requirements all vary based on the exchange, so it is important to conduct research before you do anything. Some of the most popular are Coinbase, Gemini, and Kraken. Additionally, traditional online brokers are starting to offer services such as eToro and Robinhood. Further, fintech and technology companies are starting to offer these services
What is a crypto wallet?
Simply put, crypto wallets are places to store digital assets more securely than just on an exchange. You hold your wallet via an exchange account, custody wallet, or outside of the exchange. You can establish an online or “hot” wallet that is internet connected—to your desktop, table or mobile phone. There is also the option to store on a device that is not connected to the internet (“cold” wallet). Cold wallets are the most secure way to store your cryptocurrency, but they are meant for longer-term holdings as they are not connected to the internet. With cold storage, you must remember your private keys (identifier number for your cryptocurrency).
Are there ways to purchase outside an exchange?
Believe it or not, there are Bitcoin ATMs. You insert cash and bitcoins are transferred to your secure, digital wallet. There are also peer-to-peer (PTP) exchanges. Users post what they are hoping to buy or sell and then choose their trading partner(s).