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      "title": "Full Information on Where and How to Buy Cryptocurrency",
      "body": "So, you’ve decided to invest in cryptocurrency. However, you’re confused and don’t know where to start. With so many options available, it can be difficult to choose the best option for you. Plus, there are lots of things you need to think about before you start buying cryptocurrency.\n\nLearning how to buy cryptocurrency can be a confusing process. It doesn’t have to be, though. In this guide, I will give you the answers to all the following questions:\n\nHow to buy cryptocurrency using USD, EUR and GBP?\nWhat is the best way to buy cryptocurrency?\nCan I buy cryptocurrency using a credit card?\nAnd many more!\nBy the end of this guide, you’ll know exactly how to buy crypto, which is the best way for you and where you should go to do it. So, let’s get started!\n\n\nHow to Buy Cryptocurrency\nThe process of buying and selling cryptocurrency has been made a lot simpler over the last few months. There are five important factors that you must think about before buying cryptocurrency:\n\nLocation\n\nTo find out how and where you can buy cryptocurrency, it is important for you check your country’s regulations.\n\nPayment Method\n\nThe most common and accepted payment methods to buy cryptocurrency include: credit card, bank transfer or even cash. Different websites accept different payment methods, so you’ll need to choose a website that accepts the payment method you want to use.\n\nType of Cryptocurrency\n\nNot all cryptocurrencies are available for purchase on every website. You will have to find a website that sells the cryptocurrency that you want to buy.\n\nCost of Fees\n\nEach website has different fees. Some are cheap, some are not so cheap. Make sure you know how much the fees cost before setting up an account on any website. You don’t want to waste your time verifying yourself and then find out the fees are too high!\n\nHow much you can afford\n\nAs with any investment, you should never invest more than you can afford. I recommend speaking to a financial adviser first.\n\nWith those 5 factors in mind, we can move on. When you buy your cryptocurrency, though, where are you going to store it? I’ll give you a hint: it’s not your bank account.\n\nCryptocurrency Wallet\n\nA cryptocurrency wallet is where you store your cryptocurrencies after you have bought them. You can compare a cryptocurrency wallet with your bank account. In the same way that you store traditional currencies (USD, JPY, EUR etc.) in your bank account, you will store your cryptocurrencies in your crypto wallet.\n\nThere are a lot of easy-to-use and safe options to choose from. It is important that you choose a highly-secure wallet, because if your cryptocurrency gets stolen from your wallet, you can never get it back.\n\nThere are three types of wallets:\n\nOnline wallets: The quickest to set up (but also the least safe)\nSoftware wallets: An app you download (safer than an online wallet)\nHardware wallets: A portable device you plug into your computer via USB (the safest option)\nThe wallet you need will depend on which cryptocurrency you want to buy. If you buy Bitcoin, for example, you’ll need a wallet that can store Bitcoin. If you buy Litecoin, you’ll need a wallet that can store Litecoin.\n\nLuckily, there are a lot of good wallets to choose from that can store multiple cryptocurrencies. Exodus, for example, is a software wallet that can store Bitcoin, Ethereum, Litecoin, Dash, EOS and more!\n\nAs for hardware wallets, I recommend Ledger Nano S. It is super safe (because it is only connected to the internet when it is plugged into your computer) and costs around $116. It stores NEO, Bitcoin, Ethereum, Bitcoin Cash and many more!\n\nNow that you know where you’re going to store your cryptocurrency, the next step is to find out which is the best place to buy cryptocurrency and how to pay for it.\n\nHow to Buy Cryptocurrency: Where to Buy Cryptocurrency?\nTo learn how to buy cryptocurrency, you’ll first need to know where to buy cryptocurrency. Just one year ago, there were only a few places to buy and sell cryptocurrencies. But now there are a lot more! Let’s look at the different places and ways you can get your crypto.\n\nHow to Buy Cryptocurrency at Cryptocurrency Exchanges\nCryptocurrency exchanges are online websites which let you exchange your local currency for cryptocurrency. Exchanges are the most popular way for buying cryptocurrency. I recommend newbies to use these exchange websites as they are easy-to-use and quick to set up.\n\nPayment Method: Most of the exchanges accept payment by bank transfer or credit card, some of them also accept PayPal. \n\nThere are a lot of exchanges for you to choose from. Each one of them has different levels of security and they each accept different types of payment methods. Most exchanges will ask you to follow the steps below before you can start buying cryptocurrency.\n\nThe first step is to register yourself with your information (full name, email address and cell phone number etc.)\nThe next step is to verify your identity — you normally need a passport/driving license.\nNext, you are asked to set up 2-Step verification. This helps to keep your account secure and keep the hackers away!\nNote: Almost all exchanges charge a transaction fee of around 1-4%.\n\nOnce your account is set up, you can start buying cryptocurrency on the exchange. Most exchanges are just like stock-trading platforms: you can buy and hold your cryptocurrency, or you can exchange it for another cryptocurrency.\n\nYou must be careful when selecting the cryptocurrency exchange. You should make your decision based on the following factors:\n\nCheck the security of the exchange. This is the most important thing you need to consider as investors have lost lots of money in the past when the exchanges have been hacked.\nTransaction fees – The lower, the better.\nThe number of payment options available: do they accept bank transfer, credit card, PayPal etc.?\nThe amount of time it takes to activate your account — if you’re in a hurry, you might not want to wait a long time to get verified!\nWhich cryptocurrency options they offer. For example, if you want to buy the NEO coin then you need be sure that the exchange you choose sells the NEO coin.\nCheck user reviews related to the exchange! This will give you a good idea of how friendly the exchange website is to use.\nHow to Buy Cryptocurrency: The Best Broker Exchanges for Cryptocurrency\nBroker exchanges are like the currency exchange shops that you find at airports. However, instead of exchanging different local currencies with each other (such as YEN to USD), you can exchange your local currency for cryptocurrencies. It’s the simplest way to buy cryptocurrency — it can even be done from your cell phone!\n\nCoinbase\nCoinbase is the biggest and most popular cryptocurrency broker exchange. It is secure and accepts bank transfer, credit/debit card and PayPal. Their fees depend on which payment method you choose, so be sure to check before you pay! Card fees are the highest at 3.75%.\n\nIf you live in Asia, Africa or South America, you probably can’t use Coinbase. It is mainly only available in Europe, Australia and North America — you can see a full list of the available countries here.\n\nCoinbase fees also depend on your location, so be sure to check here to find out how much the fees are where you live.\n\nYou can buy Bitcoin, Ether, Litecoin, and Bitcoin Cash on Coinbase.\n\nCoinmama\nThe biggest advantage with Coinmama is that it allows customers from almost any country to buy and sell cryptocurrency. It is easy to use, and it is highly trusted — it was founded in 2013!\n\nIt does allow you to use credit card as your payment method, but it charges 6% to do so. That’s quite a bit higher than the 3.75% that Coinbase charges!\n\nAs well as being available in almost every country, Coinmama has another big advantage: it accepts every local currency!\n\nYou can only buy Bitcoin and Ether on Coinmama.\n\nBitstamp\nFounded in 2011, Bitstamp is one of the oldest cryptocurrency exchanges. You can buy more different cryptocurrencies on Bitstamp than you can on Coinbase. It accepts bank transfer and credit/debit card with EUR and USD.\n\nI wouldn’t recommend this website for total beginners though, as it isn’t as easy to use as Coinbase and Coinmama. Also, it charges high fees to purchase small amounts using your credit card.\n\nThe fees for using your debit card on Bitstamp are 2% if you deposit more than $1,000 but $10 if you deposit less than $1,000. I certainly don’t recommend using Bitstamp to spend just $5!\n\nYou can buy Bitcoin, Ether, Litecoin, Bitcoin Cash and Ripple on Bitstamp.\n\nCEX.io\nCEX.io is easy to use and very secure, just like Coinbase and Coinmama! The best thing about CEX.io is that it is also a trading exchange. This means that once you have bought your crypto, you can trade it for other cryptos by buying and selling to other people on CEX.io.\n\nAnother thing that makes CEX.io different is the fact it accepts USD, EUR, GBP and RUB! The fees for debit/credit cards on CEX.io is 3.5% + $0.20. You can also use bank transfer.\n\nYou can buy Bitcoin, Ethereum and DASH on CEX.io.\n\nFinal Words on These Exchanges\nThis is a good list for you to start with when trying to decide which exchange is right for you. The best way to buy cryptocurrency using an exchange will depend on many things — especially your location.\n\nAlways make sure that the coins you want to buy are available on the exchange you choose, and that you are happy with the level of security that exchange offers.\n\nNow, there’s something you should know: buying cryptocurrencies on broker exchanges (Coinbase, Coinmama, CEX.io etc.) is not the only way you can buy crypto with your local currency. If it’s Bitcoin or Ether you want to buy, you can buy it with cash. That’s right — you can buy Bitcoin and Ether with cash.\n\nQuick note: ‘cash’ means paper money.\n\nHow to Buy Cryptocurrency: How to Buy Bitcoin From an ATM\nNever heard of Bitcoin ATMs? Well, they do exist. It is a very new idea, but they are becoming more and more popular.\n\nBitcoin ATMs are just like the normal cash ATMs that we use to withdraw our USDs, EURs, JPYs etc. The only difference is that you deposit cash in a Bitcoin ATM, instead of withdrawing cash like you do with normal cash ATMs.\n\nIf you want to buy Bitcoin’s quickly then a Bitcoin ATM is the right choice for you. Because they are very new, though, they aren’t available everywhere. In fact, they are quite rare. If you live in a big city, you might have one near you. You can use this map to find out where your nearest Bitcoin ATM is.\n\nYou don’t have to register or create an account and you don’t have to transfer money. So, just go to the ATM, deposit your cash, and it will send.\n\nThe Step-by-Step Process of Buying Bitcoin From an ATM:\nFind a Bitcoin ATM near you using this map\nGo to the ATM and verify your identity (this is only required at certain ATMs)\nSome ATMs ask for a phone number. If it does, enter your phone number.\nThe ATM will send you a text message with a code; enter the code into the ATM\nProvide your cryptocurrency wallet address if you have one. If you don’t have one, the ATM will create a new cryptocurrency wallet for you.\nPut your cash into the ATM\nThen, the ATM will send your crypto to your cryptocurrency wallet\nThe ATM prints your receipt\nImportant note: If the Bitcoin ATM created a new wallet for you, your cryptocurrency wallet details (public key and private key) will be on your receipt. You MUST keep this safe!\n\nPros of buying Cryptocurrency at a Bitcoin ATM:\nAt most Bitcoin ATMs, you don’t need to use your identity\nIt’s a simple process\nYou can use cash\nIt’s very quick\nCons of Buying Cryptocurrency at a Bitcoin ATM:\n\nVery high transaction fees — between 5-10%\nATMs are hard to find as there aren’t many of them\nSo, if you wanted to know how to buy cryptocurrency using cash — using a Bitcoin ATM is one of the ways you can!\n\nHow to Buy Cryptocurrency: How to Buy Bitcoin and Ether P2P (Peer-to-Peer)\nThis is one of the simplest ways to buy cryptocurrency! Peer-to-peer exchanges remove the middleman (companies like Coinbase) and allow users to buy and sell cryptocurrency from each other directly.\n\nImagine this: John is interested in crypto and wants to buy some Ether. John could go to Coinbase and buy it from there, but he’d have to use his identity. Amy wants to sell some Ether but doesn’t want to use Coinbase because she doesn’t want to pay any fees.\n\nWhat if John could just buy the Ether from Amy? That would solve everything! Well, thanks to P2P exchanges, he can! Using a peer-to-peer exchange, John and Amy can avoid the fees and they don’t have to share their identities.\n\nPretty cool, right?\n\nLet’s look at how to buy and sell cryptocurrency on a peer-to-peer exchange with step-by-step instructions:\n\nCreate a free account on a P2P website. Use LocalBitcoins for Bitcoin, and LocalEtherum.com for Ether.\nFind a listing that you want to buy from or sell to. Think of this like Craigslist. There are sellers that have set a price that they will sell their Bitcoin/Ether for, and there are buyers that have set a price that they will buy Bitcoin/Ether for.\nLook for payment method on the listing — do you want to pay by cash deposit, bank transfer or Western Union?\nSearch for ID requirements — do you want to pay without using your identity or are you okay with using your identity?\nLook for a buyer/seller that has made a lot of trades and has good reviews/reputation\nEnter the details that the listing is asking for and then submit your trade request\nThe listing normally asks for:\nAmount: Enter how much you want to spend\nCurrency: Enter the currency you would like to pay with\nPayment method: Choose from the options they have available\nIf the seller asks for ID, you normally must do one of these:\nSend a photo or scan of your passport/driving license\nTake a photo of yourself holding your ID (passport or driving license) and a piece of paper in your hand with something written on it — the seller will tell you what they want you to write on it\nIf your request is accepted, the amount of Bitcoin/Ether that you ordered will be sent to the website’s escrow. Note: An escrow is a secure place that nobody has control over. When the terms and conditions of the trade are met, the Bitcoin/Ether is released to the buyer. If the terms and conditions are not met, then the Bitcoin/Ether is sent back to the seller. This protects both the buyer and seller from fraud.\nSend the payment\nThe seller will give you a reference number\nIf you’re paying via cash deposit:\nGo to a bank that has a cash deposit machine\nPut your cash into the machine\nPut the bank details down that the seller gave you and send the money\nWrite the reference number onto the receipt and take a photo of it\nSend the photo of the receipt to the seller\nIf you’re paying via bank transfer:\nLog in to your online banking website/app\nSet up a new recipient/contact (use the bank details that the seller gave you)\nSend the money for the Bitcoin/Ether to the new contact and enter the reference number into the ‘reference’ box\nWhen the seller sees that you have sent the money and used the reference number, they will confirm it with the exchange.\nThe escrow will release the Bitcoin/Ether and send it to you.\nPros of Buying and Selling Cryptocurrency From a Peer-to-Peer Exchange:\nThere are no fees\nYou can buy cryptocurrency with cash\nWith some sellers, you can buy cryptocurrency without using your ID\nCons of Buying and Selling Cryptocurrency From a Peer-to-Peer Exchange:\nThey are not as easy to use as the cryptocurrency exchanges\nThey have fewer users, so it can sometimes take a while to find a seller\nYou must be very careful when choosing a buyer\nHow to Buy Cryptocurrency: So Then, What’s the Best Place to Buy Cryptocurrency?\nThere are more ways to buy cryptocurrency becoming available each year — it is a lot easier now to buy cryptocurrency than it used to be. In fact, most of the ways I have shown you in this guide are very simple if you follow our instructions. But, which way is the best way…? Is it through broker exchanges like Coinbase? Through P2P websites like LocalBitcoins? Or is it simply by finding your local Bitcoin ATM?\n\nWell, the truth is: it depends on your location and what you want/need.\n\nIf you don’t live near a Bitcoin ATM, then it’s probably not the best place to buy cryptocurrency for you.\n\nDon’t want to use your ID? Then you might want to think about using a P2P website, like LocalBitcoins or LocalEthereum.\n\nIf using your ID isn’t a problem for you and you want to buy cryptocurrency using an app on your phone, then Coinbase might the best place to buy cryptocurrency for you.\n\nIt depends on you. I hope that this guide helped you to work out which way is the best way for you, and that you found our instructions simple and easy to follow. You should now have a good understanding of how to buy cryptocurrency. So, which way did you choose? Let us know!\n\nNote: you should always speak to a financial advisor before making any major investments and never invest more than you can afford to lose.![buy-cryptocurrency-credit-card.jpg](https://cdn.steemitimages.com/DQmP5m9DG9bXewhZcynWUzmR2jNXj7M9v9vyKSsPbHNniwJ/buy-cryptocurrency-credit-card.jpg)",
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      "body": "Since Bitcoin was created in 2009, the world has gone crazy for cryptocurrencies. In fact, there are now more than 1,500 different coins available to buy, sell and trade! However, the most important thing to come from all of this so far is the technology that underlies it — blockchain technology. So, what is blockchain?\n\nIf you would like to find out what is blockchain in a simplified format, you’ve come to the right place! Although the technology is quite complex, I am going to use real-world examples and as simple vocabulary as possible so that you understand it from top to bottom!\n\nMy “What is blockchain tutorial” is going to start by explaining what the technology does and how it works, followed by a discussion on its advantages over traditional systems. I am also going to give you some examples of how it can be used (and is being used) in everyday life.\n\nSo what are you waiting for, let’s begin by understanding what blockchain technology actually is!\n\nTable of Contents [show]\n\nWhat is Blockchain Technology?\nIn its simplest form, the blockchain is the technology that allows people to send and receive cryptocurrencies such as Bitcoin. However, it is far more than just a payments system. When Satoshi Nakamoto created the world’s first ever cryptocurrency (Bitcoin), he also created an amazing protocol known as the blockchain.\n\nThe most interesting part to the blockchain is that no single person or authority has control over it. Instead, transactions are verified and confirmed by the online community, which makes it decentralized! The protocol has lots and lots of benefits such as transparency, speed and security, which I will explain in more detail later on.\n\nThe actual idea of blockchain technology is not only linked to financial transactions, as it has the potential to be applied to just about any industry!\n\nAs the blockchain is decentralized, everybody has access to the same data (unless it is a private blockchain used by companies). That means that as soon as a transaction is processed and confirmed, it appears on the blockchain for all to see.\n\nThis is very similar to a real-world accounting ledger, where the company accountant can view every transaction that has ever occurred, along with account balances. However, as blockchains such as Bitcoin and Ethereum are public, anyone can view the transactional data.\n\nThere is so much to talk about when trying to understand the correct blockchain definition, so I thought it would be best to break everything down. The next part of my “What is Blockchain” guide is going to talk about why it is called blockchain!\n\nBlockchain Definition: Why is it Called Blockchain?\nAlthough there are now many different versions of the blockchain definition, they all work in very similar ways. The easiest way to explain what it does is to split the word blockchain in to two – block and chain!\n\nThink about a real-world container that carries lots of boxes from destination A to destination B. In the world of cryptocurrency, the container is the “block” and each box that is on the container is an individual transaction.\n\n“Container” = Block\n\n“Boxes” = Transactions\n\n“The container carries lots of boxes” = The Block Carries Lots of Transactions\n\nI know this might sound complex, but stay with me as it is all about to make sense! So, in the example of the blockchain Bitcoin uses, it takes a total of 10 minutes for one block of transactions to be confirmed on the network.\n\nLike in a real-world container, there is only a certain amount of transactions that the block can carry, which is determined by the maximum block size. Every blockchain has its own maximum block size, which is normally the amount of data (megabytes) it can hold.\n\nBitcoin is able to hold 1MB worth of data in each block, while others, such as Bitcoin Cash, have a block size limit of 8MB.\n\nThe larger the block size limit, the more transactions it can hold. So now you know what a block is, what about the chain?\n\nTo make things really easy for you, I am going to stick with the example of a container carrying boxes! Let’s imagine that the container has reached its first destination. That means the block has been confirmed and it is now available on the public ledger for all to see.\n\nHowever, the container is ready to depart for its next destination. Every new or old box (transactions) that the container (block) carries will also be available to view on the public blockchain. This is the same for every single transaction. As soon as it is confirmed, the transaction data is clear for everybody to see, which is why it is called a “chain” of transactions!\n\nSo now that you understand where the blockchain definition comes from, the next part of my “What is blockchain” guide is to explain how transactions are confirmed!\n\nHow are Transactions Confirmed on the Blockchain?\nYou might remember how I explained earlier that the blockchain is decentralized, meaning that no single authority has control over the network. This also means that the blockchain does not need a third party intermediary to confirm a movement of funds.\n\nIf that’s the case, how are transactions confirmed? This is where things get really interesting!\n\nThe blockchain is a community based platform, meaning that in most cases, anybody can contribute to the network to help verify transactions. They do so by contributing their computational power, which in return, is able to support the network.\n\nNot all blockchains use the same technology to do this, but we differentiate the process by how the network reaches “consensus”.  Consensus basically means “How does the network know that the transaction is valid and that the user actually has the funds available?”\n\nBlockchains reach consensus by following the rules of “cryptography”, which is where the term “cryptocurrency” comes from. Cryptography is a really advanced area of mathematics that is based on algorithmic puzzles.\n\nWhen the blockchain and its community of volunteers are able to solve the algorithmic puzzle, the rules of cryptography state that a transaction is valid and authentic. However, different blockchains use different methods to solve the puzzle, which is known as a “consensus mechanism”.\n\nConfused? Don’t be, as my “What is blockchain” guide is now going to give you an example!\n\nThe blockchain Bitcoin uses is supported by a consensus mechanism called “Proof-of-Work” (PoW).  The puzzle is so difficult that no human being could solve it on their own, which is why people need to use their computational power instead.\n\nEvery computer that is connected to the network (called a “Node”) attempts to solve the puzzle as quickly as possible. Whoever solves the puzzle first, gets a reward – free, new Bitcoin. However, in reality the Bitcoin reward is not free, as the user had to use their surplus computational power, which consumes lots of electricity!\n\nPoW is just one example of how a blockchain reaches consensus. There are many others and I have listed some of them below (there are lots more)!\n\nPoS (Proof of Stake)\nDPoS (Delegated Proof of Stake)\nPBFT (Practical Byzantine Fault Tolerance)\nDAG (Directed Acyclic Graph)\nAre you still asking yourself “What is blockchain”? I hope not! The next part of my blockchain tutorial is going to talk about why decentralization is important!\n\nThe Importance of Decentralization\nAs you now know, the blockchain protocol is able to confirm a transaction without a third party and no single authority has control over the network. This is why it is decentralized. But why is this important?\n\nFirstly, decentralization is very secure. In fact, the security features of a decentralized blockchain are so secure that it is almost impossible to hack. Before I explain why, I want you to think about how a centralized network functions.\n\nLet’s take a look at an organization like Yahoo. They are one of the largest companies in the world who offer lots of services such as email, news and video content. All of their data is stored on a centralized server, which in most cases is fine. But what happens if the centralized server fails?\n\nThis is exactly what happened in 2016, when a group of hackers managed to gain control of the Yahoo servers, which then allowed them to access more than 3 billion private email accounts.\n\nThis isn’t a one-time incident either. Whether its social media, banks, internet service providers or the U.S. election, centralized servers are hacked all the time. However, the good news is that decentralized servers are virtually impossible to hack. Here’s why!\n\nDo you remember how my “What is Blockchain” guide explained that to confirm a transaction, lots and lots of people contribute their computational power? These “Nodes” not only help verify a movement of funds, but they also keep the network secure. This is because more than half of the nodes on the entire network would need to be hacked at the same time for something bad to happen!\n\nEven if this was possible (which it isn’t, really), the hacker would only be able to make changes to the blockchain for 1 block, which in the case of Bitcoin, would be about 10 minutes!\n\nDecentralization isn’t only important for security, but for equality, too. Everyone who engages with the blockchain has the ability to contribute to the system. Furthermore, as each and every transaction is available to view on the public ledger, it makes the network transparent. No corruption, no fraud and no inequality!\n\nNow that you know why decentralization is important, the next part of my What is Blockchain tutorial is going to look at how anonymous the blockchain is!\n\nHow Anonymous is the Blockchain?\nWhen Satoshi Nakamoto created Bitcoin in 2009, he not only wanted to create a fair, secure and transparent payment system, but he also wanted to allow people to send and receive funds anonymously.\n\nThink about how you spend your money in everyday life. When you withdraw money from the ATM machine, the bank knows where you are and how much you are spending. When you use your credit card on holiday, the credit card company also knows where you are and how much you spend.\n\nWhen you receive your monthly salary, the bank knows how much you are being paid. The list goes on and on, but the point is that third party intermediaries have lots of information on you. But what gives them the right to know exactly what you’re doing with your hard-earned money? Nothing does! They shouldn’t know.\n\nThis is where blockchain technology is different. When you obtain a cryptocurrency, you store it in a digital wallet. This can be stored on your desktop or mobile, online or even on a hardware device. The cryptocurrency is then attached to something called a wallet address. You can have as many wallet address as you want, but no two can ever be the same.\n\nWhen you send funds to somebody, you send them from your wallet to somebody else’s wallet. Here is what a blockchain Bitcoin transaction would look like.\n\nWallet “1BoatSLRHtKNngkdXEeobR76b53LETtpyT”\nSent “2 BTC” to\nWallet “1CfaunqrVpcXmpLheUVWeSP1KPsKDha1Nb”\n\nOn Friday 18th May 2018 at 15.37.\n\nAs you can see from the above information, as soon as the transaction is confirmed, everybody can see the amount that was sent and the date and time of the transaction. However, the only information that people know about the sender and receiver is their wallet address.\n\nIt is because of this that blockchain transactions are not anonymous, but pseudonymous (like an alias).\n\nHowever, this is just like spending cash in the physical world. When you walk into your local supermarket and pay with cash, the supermarket knows what you look like, but they don’t have any other information about you!\n\nSo, now that you know that the blockchain is pseudonymous rather than anonymous, the next part of my “What is Blockchain” guide is going to look at how it can be used in the real world.\n\nHow Can Blockchain Be Used in the Real World?\nIn reality, blockchain technology could be used in practically every industry or sector. By replacing centralized servers with that of a decentralized blockchain, individuals, companies and even governments could benefit from all of the advantages that the blockchain offers, such as security, transparency and speed!\n\nI am afraid I can’t go through every single industry that the blockchain could be used for, so I will list five of my favorites!\n\nCross-Border Payments\nThe cross-border payments industry is a multi-trillion dollar business, with banks needing to send international payments on a daily basis. The majority of this is handled by a third party called SWIFT, who are based in Belgium. SWIFT were set up in the early 1970s to make international payments easier, however the system is slow, expensive and inefficient.\n\nThis is because banks are not able to transact with each other directly. Instead, they have to use SWIFT and in some cases, additional correspondent banks. However, by using blockchain technology, banks would be able to do business on a peer-to-peer basis.\n\nThis means that there is no third-party intermediary sitting in between the two organizations.  Transactions would no longer take days, nor would they cost lots of money! The Ripple blockchain was designed exactly for this purpose and they already have more than 100 different banks testing out their protocol!\n\nElections\nHow many times do we hear about election fraud? Whether it is the centralized network of the U.S. election being hacked (allegedly!) or governments who threaten their citizens with violence if they don’t vote for them? Unfortunately, this happens all the time, but blockchain technology could solve the problem!\n\nFirstly, as every single transaction that has ever occurred is available to view on the public ledger, it would be impossible for a political party to change or remove votes. Remember, the blockchain is not only for financial transactions, as it can process anything that is considered data!\n\nThe blockchain would also be perfect for elections as transactions are pseudonymous, meaning that nobody would know the real-world identity of the voter. Instead, a citizen’s identity could be linked to a private key that only the individual user has access to. This would ensure that the citizen can only vote once!\n\nSupply Chain\nSupply chain is how goods move from their point of origin to their final destination. An example of this is an orange juice drink. The supply chain starts at the location where the orange was grown, it might travel to a factory to be turned into juice, then it might travel to the warehouse, and finally, to the supermarket.\n\nAt the moment, it is very difficult to trace each individual stage of the journey, as each part of the supply chain uses their own centralized systems. However, by using blockchain technology, the entire supply chain process could be available for all to see.\n\nThis would be a lot more efficient, transparent and secure than using centralized servers, as everything could be put on to the same network. Furthermore, the network would never go down and it is fraudproof!\n\nGambling\nThe online gambling industry is worth billions of dollars each and every year. Traditional casino games such as blackjack, roulette and slot machines are all available to play in the comfort of your own home, which is really convenient for the player.\n\nHowever, as online casinos normally keep their gameplay data behind closed doors on their centralized server, there is never any guarantee that the casino is truly playing fair.\n\nBy using blockchain technology, gaming outcomes can be independently verified on the public ledger, meaning that the system and data would be completely transparent. This could also be used for national lotteries, too!\n\nInsurance\nThe insurance industry covers practically everything on Planet Earth. Whether it’s your home, car, pet, health, holiday or phone — if it has value, it can be insured!\n\nThe problem is that the industry is dominated by third-party intermediaries, which means that taking out a policy is expensive and when it comes to making a claim, it’s a very slow process. However, the blockchain protocol would allow somebody to get insured without needing a third party.\n\nFor example, if somebody wanted to insure their flight, as soon as the plane actually takes off, the outcome could be settled automatically. Either the plane takes off on time and you lose your insurance payment, or the plane is late and you receive a payout!\n\nThis could all be done in a transparent, fast and secure eco-system, such as the blockchain!\n\nWhat is Blockchain? –  Conclusion\nThat’s the end of my “What is Blockchain” guide! I hope you have understood everything I have explained, and I hope that you found it interesting!\n\nI know the concept sounds really complex at first, but I am hoping that the real-world examples I gave made things simple for you!\n\nSo, if you read my blockchain tutorial from start to finish, you should now know what the blockchain is and how it works. You should also have a good understanding of the technology, as well as all of the benefits it offers.\n\nWhat is your favorite thing about the blockchain? I think it’s amazing how nobody controls it and that instead, control is distributed across the online community!\n\nI have also spoken about five key industries that would benefit from blockchain technology. Do you agree with me, or can you think of some better ones? Whatever your opinion is, let me know in the comments section below! I just hope you aren’t still wondering what is blockchain!\n\nAlso, if you have any further questions, please ask us! We’d be glad to help.\n\nBonus: Test yourself on your new knowledge. See if you can answer the question what is blockchain in an extremely brief format (less than 100 words). It’s tough, but the shorter you can make a brief explanation, the easier it normally is to grasp the core principle of something!![blockchain-consirtum-paris-sme-lending-1000x600.jpg](https://cdn.steemitimages.com/DQmTHq9WY4joSpzAHsTn2RhD3hPoywq4FRoZPVxukFQEkyR/blockchain-consirtum-paris-sme-lending-1000x600.jpg)",
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      "body": "You might have heard of Bitcoin or Ethereum, and maybe even Ripple, but in fact there are over a thousand different coins and tokens available.\n\nIn fact, according to Wikipedia, there are over 1,384 cryptocurrencies in use worldwide. That’s a lot of crypto!\n\nSo, why not add to the pack? Well, you might be able to after I teach you how to create a cryptocurrency.\n\nBefore we get started though, there are three things you need to know:\n\nHow to Create a Cryptocurrency\n\nYOU NEED\nA GOOD IDEA\nBuilding a token/coin for the sake of building a token/coin is doomed to fail. It needs to have purpose (it needs to add value to the world).\n\nHow to Create a Cryptocurrency\n\nYOU NEED TO EARN\nPEOPLE’S TRUST\nTo do this you need to build a ‘community’. This is a following for your cryptocurrency. Maintaining a crypto community is hard work, so pay a good amount of attention to this point.\n\nHow to Create a Cryptocurrency\n\nYOU NEED CODING & CRYPTO SECURITY KNOWLEDGE\nYes, you can hire ‘talent’, but you need to understand how your token/coin is going to work.\n\nBy the end of this guide: you’ll understand the basics of how to create a cryptocurrency, and the importance of building trust with the people who support your cryptocurrency!\n\nThis guide will also help you understand how important it is to have a good idea and purpose for your crypto (and why you’ll need a lot of spare cash to help fund this project!).\n\nSo, if you want the answer to the question, “how to create a cryptocurrency”: read on! Welcome to my how to make your own cryptocurrency tutorial!\n\nTable of Contents [show]\n\nHow to Create a Cryptocurrency: How to Get Started\nThe real ‘getting started’ begins with your idea, but we will get to that later. First, let’s talk a bit about technology.\n\nThere are two primary ways of creating a cryptocurrency:\n\nBuild your own blockchain — this will have its own ‘coin’\nUse NEO, Ethereum or a similar platform to create an application — this will have its own ‘token’\nSo, the first thing you need to decide is whether you’re going to build a “token” or a “coin”. Are you going to start from scratch? Or build a token on technology that is already trusted and available?\n\nCoins and tokens are both cryptocurrencies. The difference is: a coin belongs to its own blockchain, whereas a token is built on an existing blockchain. So, there can be thousands of tokens built onto a blockchain, whereas there can only be one coin.\n\nHere are some of the most popular coins:\n\nHow to Create a Cryptocurrency\n\nSome of these blockchain technologies can be used to help create tokens. The most popular blockchain for building applications and tokens on is Ethereum.\n\nEthereum vs NEO: The Most Popular Choice for Tokens\nHow to Create a Cryptocurrency\nETH\n✓ Native Virtual Machine\n✗ Runs on Proof of Work mining until\nfor Proof of Stake network upgrade\n✓ Average desktop wallet\n✓ Quality 3rd party options\n✓ Hardware wallet\n\nHow to Create a Cryptocurrency\nNEO\n✓ Native Virtual Machine\n✗ Node, delegate and voting systems\ncurrently incomplete, future plans unkwown\n✓ Average desktop wallet\n✗ Minimal 3rd party options\n✗ No hardware wallet\n\nThe tokens built on Ethereum are called ERC-20 tokens. The Ethereum blockchain is a great playing field for token makers because the Ethereum blockchain was the first to offer this service and is very well trusted.\n\nNEO is very similar, but instead uses the NEP-5 standard token, and allows people to use the NEO blockchain to create applications and tokens. It is the second most popular platform!\n\nEthereum may have the trust and popularity advantage, but NEO has an advantage of its own. On NEO, you can build with many different programming languages, including C++ and Java. On Ethereum, you can only build using Solidity (Ethereum’s own programming language).\n\nThis means that developers using NEO do not have to learn a new language, and instead can use a language they are already familiar with.\n\nSo, which would you prefer? If you’d like to use Ethereum, you’ll need to learn Solidity. If you use NEO, you can use a pre-existing language that you may already be familiar with.\n\nThe good news is: Solidity doesn’t have to be difficult to learn. It was designed to be similar to Python, JavaScript and C++ to make it easier to learn.\n\nPlus, we have our own interactive Solidity training course that teaches you the language by showing you how to create your own Solidity game step by step. It’s a new, fun way to learn: it’s called Space Doggos.\n\nHow to Create a Cryptocurrency: Building a ‘Coin’ vs. Building a ‘Token’\nHow to Create a Cryptocurrency\n\nCOIN:\n\n✓ Has its Own Blockchain\n✗ Very Expensive\n✗ Takes a Lot Of Time\n\nHow to Create a Cryptocurrency\n\nTOKEN:\n\n✓ Built On An Existing Blockchain\n✓ Not Expensive\n✓ Doesn’t Take a Lot Of Time\n\nDeciding whether you need a coin or a token is a big choice: it determines a lot of things for your project, including the amount of money you need to spend.\n\nCreating a coin (which requires building a blockchain from scratch) is very expensive and takes a lot of time. You also need an amazing team of developers!\n\nHowever, if you don’t need your own blockchain, you can just create a token. This way, rather than building your own blockchain, you can just build an app that runs on an existing blockchain — like Ethereum or NEO.\n\nYes, creating a token and app (dApp/decentralized application) does still require a lot of time, money and a great team of developers. But, it is much easier and cheaper to do than creating a coin/building your own blockchain!\n\nHow to Create a Cryptocurrency: Initial Coin Offerings (ICOs)\nWhen a traditional company decides to go public on a stock exchange, the company offers an Initial Public Offering – which is a way to raise funds in exchange for shares.\n\nWell, Initial Coin Offerings (ICOs) are very similar. ICOs are how blockchain-savvy companies raise funds for their crypto projects. But instead of the investors buying shares, they receive “tokens”.\n\nINTERESTING FACT\nCreating a cryptocurrency is costly, so ICOs can be very, very helpful. And because the crypto sector is currently very popular, now could be a great time to start one!\n\n\nGaining trust plays a huge role in the success of an ICO. The most successful ICOs are the ones that have a strong team of developers/founders and a solid roadmap. A roadmap tells investors what the project plans to achieve in the future, and how they plan to use the funds.\n\nNow, let’s take a deeper look at how to create a cryptocurrency. But first, I’ll make some assumptions.\n\nYou don’t have millions of dollars in the bank to create your own blockchain cryptocurrency “coin”\nYou’d rather take the easier route and create dApp and token by building on an existing, trusted blockchain\nSo, I’ll stick with the less technical, less expensive and less extreme version of how to create a cryptocurrency. Here’s how to create a ‘token’.\n\nHow to Create a Cryptocurrency: The Beginning\nICOs offer a quick way to raise funds for your project, but it won’t be easy. To successfully start a new cryptocurrency via an ICO, here is what you’ll need:\n\nA ‘big idea’ — how will your blockchain project help a specific industry? What problem will it solve?\nA strong development team to create your ERC-20 or NEP-5 tokens\nA strong development team to create your ICO smart contract — when users send crypto to your smart contract, the smart contract sends the right amount of your token to them\nA professional external audit — this is to check that your token and smart contract are secure so that you don’t get hacked\nA well-written whitepaper — this is a document that presents your idea, the problem it solves, its roadmap and how it works/the technology it uses\nA marketing campaign — website, social media, pre-&-post-sale community development, forums and media\nA community management team\nLet’s look at why you need all these things to create a successful cryptocurrency project.\n\nHow to Create a Cryptocurrency: The Big Idea\nThis is the center of your project! You need to think about how your dApp will help in the industry you’re targeting. Are you planning to remove a current middleman (like a bank or a broker)? Are you looking to solve real-world problems (such as poverty or lack of education)?\n\nYou need to think about a real problem and how blockchain technology can solve it. If your project has no real benefit, then why will anyone want to invest or use it? If you want to create value, you must add value.\n\nHere are some industries that might get your brain flowing with ideas: File Storage, Content Services, Insurance, Marketing Peer-to-Peer Communications, Finance, Medical and Energy/Electricity. All of these industries can be helped massively using blockchain technology via dApps.\n\nHow to Create a Cryptocurrency: The Development Team\nChoosing the right developer(s) for your token and smart contract can be the difference between success and failure. You must be very careful and choose a developer that you can trust to do a good job.\n\nThe idea is the first key factor, but it’s useless without a good team. You need a talented team to help bring your idea to life! I would recommend only hiring people with years of experience working with blockchain technology.\n\nTo make the contacts you need, you should aim to become more involved in the blockchain community. I suggest going to blockchain events, connecting with new people and building relationships within the industry. This will help you to find the right people to join your project!\n\nHow to Create a Cryptocurrency: A Smart Contract\nSmart contracts play a huge role in your cryptocurrency project. For those who don’t know what a smart contract is, let me briefly explain…\n\nA smart contract is like a traditional contract; except it is digital, runs on the blockchain, is executed automatically, and cannot be changed.\n\nHow to Create a Cryptocurrency\n\nInside a smart contract, rules are written. In a ICO smart contract, the rules may be something like IF a user sends 1 ETH to the smart contract, THEN the smart contract sends 100 tokens to that user.\n\nBecause the smart contract operates automatically, there is no third party controlling it. This means the user does not have to trust you.\n\nInstead, they trust the smart contract, which is just code. If code is correct, it cannot cheat you. So, the user knows they will always be paid the right number of tokens and that they will receive them on time.\n\nThe rules of the smart contract are written by your developers, so you must decide these rules depending on how you want your ICO to work.\n\nFor more on smart contracts, see my What is a Smart Contract guide.\n\nHow to Create a Cryptocurrency: A Professional External Audit\nLike I said a moment ago, smart contracts are just code. This is the same for tokens. So, for a user to trust the code, they need to know it is secure. This is why you need a professional audit.\n\nNot only does it mean the user/investor can feel safe, but it also means that you can feel safe — you wouldn’t want to spend all that money on smart contract and token development only for it to get hacked, would you?\n\nIt is an important step that brings legitimacy to your project. These audits are often referred to as ICO security audits, and you can get them from companies like Practical Assurance. Always ensure that the audit company you choose is credible and has a long history.\n\nGetting your ICO verified with a professional audit will help promote your cryptocurrency project. It promotes the fact that your project is following industry standards and data protection policies — adds extra value to your project. It’s a crucial step!\n\nHow to Create a Cryptocurrency: A Well-Written Whitepaper\nIf you want to learn how to create your own cryptocurrency, you’ll need to know how to make a good whitepaper. When I say good, I mean really good — a whitepaper what investors will use to judge your project.\n\nHow to Create a Cryptocurrency\nINTERESTING FACT\nCreating a good whitepaper to present to the public should be one of your top priorities. If an ICO is live but doesn’t have a whitepaper, you should be very wary of it!\n\nSo, let’s look at what makes a brilliant ICO whitepaper. According to VentureBeat research, a whitepaper should follow this format:\n\nAll whitepapers should be in PDF format – PDF white papers are accessible on different systems and browsers without worrying about format/structure and layout problems.\nPage count – all white papers must have two versions. A regular whitepaper (20-100 pages) and a litepaper (around 2-8 pages). A litepaper is just a shorter version of the whitepaper — it highlights all the key information.\nGood grammar is a must – If you have problems with this, why not hire external whitepaper proofreaders?\nLanguages — your whitepaper should be in multiple languages. Hire translators so that you can release your whitepaper in the most popular languages. I recommend English, Mandarin, Spanish, Japanese and Korean. If you can do more, go for it!\nAnswer the following questions:\nWhat is your idea?\nWhy is your idea/solution needed?\nWhat are the ICO funds going to be used for?\nWhen will the tokens be released so that they can be traded and listed on exchanges?\nWhen will the project be complete? (Show a detailed timeline of the steps you will take from ICO to project success!)\nWho are your team? What have they done in the past? How are they qualified for the job?\nHow to Create a Cryptocurrency: Marketing for your ICO\nSo, you have a brilliant idea. You have a great development team. You have your smart contract and token decided on. You’ve got a brilliant white paper (and litepaper). Finally, you’ve had your idea professionally audited by an external agency.\n\nNow, it’s time to think about marketing your ICO!\n\nYou need to build support and trust from a loyal community. You will need a website, a good domain, and a good social media presence. Also, there are plenty of various marketing and sales tools online that can help you advertise your ICO.\n\nSocial Media\n\nI’d recommend Facebook, Twitter and LinkedIn at a minimum. If you’re really serious about social media, I’d also advise Instagram and Snapchat, although it all depends on the nature of your project.\n\nYou can either manage this yourself or hire a team to do it for you. Either way, you should create a strong social media campaign that boosts the popularity of your ICO.\n\nSocial Media Site of B2B Marketers\nHow to Create a Cryptocurrency\n\nPress & Media\n\nThis is where your ICO gains real credibility. If articles about your project are published to well-known, well-respected media websites (such as Forbes, Business Insider etc.), your ICO will be much more trustable.\n\nYou can try to create this deals yourself, or again, you can hire a team to do it for you. The more popular the website, the more the article will cost (usually). So, see what’s available and then decide what is best for you.\n\nSponsored Content\n\nFacebook ads and Google ads used to be great for ICOs, however, crypto-related ads have now been banned by these two providers. This is due to irresponsible spending from users into ICOs that haven’t performed very well.\n\nI would recommend looking into LinkedIn and Twitter advertising instead.\n\nBlogging\n\nThis is super important! You need to keep your community updated, and this is a great way to do it.\n\nYou can either post to a site like Medium, or simply post to a blog on your own website. Either way, the content you post should be relevant to the progress of your project.\n\nEmail Marketing\n\nThis is very effective, and I would always recommend doing this from the beginning of your project.\n\nYou need to collect your supporters’ email addresses so that you can keep them up to date via email. Any time you have news or a new promotion, you can contact them directly by sending them an email.\n\nTo collect their email addresses, there are many different methods you can use. I would recommend inserting a newsletter sign-up for to your website. That way, anyone that is interested in your ICO, can submit their email address and receive your updates straight to their email inbox.\n\nPromotions\n\nAs I have just mentioned, you can inform your supporters about these in an email. You could also send them out on social media etc.\n\nPromotions could include things like new bonuses on your ICO and new bounty rewards. By ‘bonuses’, I mean that ICOs often structure their token sale to include a bonus (like a discount) to early buyers.\n\nFor example, you might set a 20% bonus for the first week of your ICO. That would mean that anyone buying your token in the first week of your ICO, would receive 20% more tokens than they paid for. So, if John buys 100 tokens in the first week, the smart contract sends him 120 tokens.\n\nBy ‘bounty rewards’, I mean that you could offer free tokens to people that promote your ICO. For example, you could offer 5 tokens to anyone who shares your ICO link to Facebook and Twitter.\n\nThis can be a very low-cost way to market your ICO! Especially because it does not require any upfront cost.\n\nHow to Create a Cryptocurrency: Managing your Community\nYou’ll also need a place in which your community can talk to one another and ask you questions. The most popular app to use for this is Telegram. It is an instant messaging app, like WhatsApp or Facebook Messenger. However, it is known for its security and has become a very trusted, favoured app in the crypto world.\n\nTelegram is not intended to bring revenue,\nit will never sell ads.\n\nTelegram\n\nSo, in my opinion, setting up a well-managed Telegram group is essential! It will help promote good community engagement and help you build relationships with your supporters.\n\nYou should definitely use forums too. Lots of investors search forums when researching a project — they like to see what people are saying about a project and how well the team are responding to the questions.\n\nWhether you use forums, group chats, or both: you’ll probably need a community management team. This depends on how popular your ICO will be, but either way, it’s better to save yourself the time. Would you rather manage it yourself or spend some of your budget on getting a team to manage it for you?\n\nYou should consider the fact that your community will trust you more if you are quick to respond to messages. It seems more credible and trustworthy!\n\nAs your community will probably be made up of people from all around the world, you may want a team that is based all around the world too. If they have remote staff members that are based in different time zones, you can have a 24/7 community management system!\n\nOne company that offers this service is Go Social. They’re UK-based, have a lot of experience in managing successful ICOs, and can provide a wide range of useful services, including community management.\n\nI’d recommend finding a company like Go Social that have a good reputation — otherwise, you could end up with a company that represent you poorly and make you look bad!\n\nSo, there you have it!\n\nYou now know how to create a cryptocurrency!\n\n…or do you?\n\nAren’t we missing something big? This make your own cryptocurrency tutorial hasn’t really talked about the money involved in making all this happen, has it?\n\nAlthough it’s a topic not a lot of people like talking about, it has to be done. Of course, the idea and the action you take is the most important part. But it isn’t possible without money.\n\nHow to Create a Cryptocurrency: The Money\n\n\nMoney, money, money. You’ll need money to pay for the smart contract and token development, the website, the audit, the whitepaper, the marketing, and the PR (community management).\n\nI can’t lie to you — it’s expensive. Smart contract and token developers can charge a lot of money because there aren’t many of them in comparison to how many ICOs they are. You can expect rates to start from around $100/hour, although some can charge a lot more.\n\nHow long it takes for a developer to finish the smart contract and token can vary depending on what you require. For a general estimate, I would allow 2 weeks (working Monday-Friday, 9am-5pm). That’s a total of $8,000 if you were paying $100/hour!\n\nThe audits are not cheap either — typically ranging from $3,000-$10,000. Again, it all depends on what you require.\n\nI could go on and on about prices and give you average costs etc., but there is no point. It all depends on what you want and who you know.\n\nIf you connect with the right people, you can get it cheaper. So, what I’d advise is to do plenty of research and talk to plenty of people.\n\nConclusion: The Most Important Part and Your First Step!\nThis make your own cryptocurrency tutorial has gone through the technical and non-technical work you need to do to create a successful cryptocurrency via an ICO. But we keep going back to one key point…\n\nYour project will only succeed if you have a good idea!\n\nAccording to coinmarketcap, there are over 1,500 cryptocurrencies at the moment (03.15.18). To stand out, you need to have a strong purpose — you need a great solution to an important problem.\n\nFor example, BitDegree is a solution for the education system. Before BitDegree, students had to pay large fees to take courses and gain qualifications. Now, they can use BitDegree to learn and be paid for doing it because in the BitDegree ecosystem, students and teachers are paid by future employers.\n\nThe employers influence the courses, meaning that when the students are qualified, they have all the attributes needed for the job with the employer. It saves a lot of money for the employers because it is much more expensive for them to go down the traditional training route.\n\nThis opens up many opportunities for employers, students and teachers — it solves a big problem! That’s exactly what your idea needs to do!\n\nI hope this guide has been helpful to you and that you now have a clearer understanding of what you need to do to start your own cryptocurrency. If you have any questions, ask away! I’ll gladly answer!![Create-Your-Own-Cryptocurrency.jpg](https://cdn.steemitimages.com/DQmVz6233ttL4PTRHHGXemNNbYys5ZQJiHNFNvPsSrt5FY4/Create-Your-Own-Cryptocurrency.jpg)",
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      "title": "How E-Bike Mines Cryptocurrency",
      "body": "Many cyclists have fantasized about getting paid to ride with no strings attached. But what if you could actually create money while biking?\n\nThat’s the theory behind Toba, a new line of electric bicycles that mine cryptocurrency while in motion. An experiment by the UK retailer 50cycles, these smart e-bikes would generate “LoyalCoin”—a digital asset like Bitcoin, but modeled after customer rewards programs—at a rate of about $26.50 for every 1,000 miles ridden.\n\n“This is not only the first electric bike of its kind, but it will also be the first product ever to be tokenized and which issues reward for use,” 50cycles founder and CEO Scott Snaith told Cycling Industry News.\n\nIt works like this: Toba riders earn LoyalCoin as they pedal, then either redeem it at various brands or stores (including, naturally, 50cycles) or trade it on the market for other cryptocurrencies like Bitcoin, Litecoin, XEM, and DigiByte. An accompanying app tells users how much they’ve earned, as well as LoyalCoin’s current price on the market. (A brand new form of crypto, LoyalCoin is trading for only about $0.0045 at the time of this writing. This is clearly a bet on Snaith’s part that the asset will take off.)\n\n Toba e-bike 50cycles\nA rendering of the Toba e-bike, which is still subject to change and will launch in mid-July.\n50cycles\nThe bikes themselves, meanwhile, are nothing to sneeze at. Priced in the low-$2,000 range—discounts will be offered to customers who pay with crypto—the cruiser-style Tobas are designed for real-world riding, not just collecting digital dollars. They have seven speeds and come complete with lights, racks, and mudguards on a step-through frame. It’s the kind of bike you’d ride to the office. (There will also be a hybrid offering.)\n\nRELATED STORY\nThe Place for E-Bikes\n​The Place for E-Bikes\n50cycles has been selling e-bikes both online and at a handful of brick-and-mortar locations since 2003, primarily to UK customers. This experience, Snaith told Bicycling, has helped the company assess rider needs while manufacturing an e-bike of its own.\n\n“These bikes have been built on 15 years experience of selling electric bikes to over 25,000 customers,” he said. “We know what customers want from a bike.”\n\nEssentially, the Toba is a solid e-bike with a sophisticated rewards program whose value will fluctuate based on a new, still-volatile crypto market. But as digital currencies grow in popularity, the tech has potential for growth. Snaith has hinted at the idea of Toba creating its own asset apart from LoyalCoin, which would eventually join what he predicts will be thousands of cryptocurrencies in the future.\n\n“My two major passions in life, aside from my family, are electric bikes and the idea of blockchain decentralized technology… which is going to revolutionize the world of social economics,” he said.![50-cycles-ebike-1529429688.jpg](https://cdn.steemitimages.com/DQmSewnzivu9TQ6Pbk1inxPhvnhSNNvS9GPgT57RD51BXJL/50-cycles-ebike-1529429688.jpg)",
      "json_metadata": "{\"tags\":[\"life\",\"@bitcoin\",\"@cryptocurrency\",\"@binane\"],\"image\":[\"https://cdn.steemitimages.com/DQmSewnzivu9TQ6Pbk1inxPhvnhSNNvS9GPgT57RD51BXJL/50-cycles-ebike-1529429688.jpg\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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