Frequently Asked Questions

F.A.Q

  • Is Cyrptocurrency safe?

    Every day of each year cryptocurrency is getting known by people, of course it is made to exchange secure information, in the year 2009 the first cryptocurrency was created in the name of Bitcoin. In the preceding years new cryptocurrencies follow namely, Dash, Ripple, Litecoin, etc. But among those list of cryptocurrencies in the marketplace, Bitcoin has not been beaten. These cryptocurrencies are obviously safe and more and more people are trusting it, this is because of its decentralized feature, the transparency and how the system works. Almost more than three million Bitcoin users are in the marketplace right now, most are doing investment in the said currency. Even though there are risk in investing this currency, because of its fluctuation, there are around more than 6,000 companies and organizations accepting Bitcoin payments. One reasons why we should consider cryptocurrency safe is that wallet holder or buyer doesn’t need real information like credit card numbers etc. That alone ensures that you will not be known to someone. Years from now it is expected crypto currency like Bitcoin will become a bridge towards secure payments and will expand more.

  • Exchange API Product Guide

    Welcome to the product guide for our Exchange API, also referred to as the Crypto Exchange API in the product page. We wrote this guide as an intermediate step between our product page and the API endpoints documentation where we describe all possible usages and nuances of the Exchange API without delving into code nor API responses. The Exchange API was designed for individuals that need to automate currency exchange orders as well as for third parties wanting to offer a seamless crypto exchange service to their users. Additionally, we offer profit-sharing incentives to trustworthy third parties willing to partner with us. More information here admin@monetal.biz More generally, the Exchange API, as a product, comes with a collection of user interfaces that assist end users in fulfilling their crypto exchange orders, obtaining information about the status of their orders, and receiving customer support.

  • What is a cryptocurrency?

    Cryptocurrency is basically a virtual exchange medium that uses a cryptography in order to secure its transactions and control the creation of the system units. Meaning, cryptocurrency simply represents money in the digital marketplace nothing else. It is based on an open-source software, cryptography and networking. It lets people or users avoid fees or the lowest fees as compared to what your banks are charging. The system takes part in the non-cash transactions that is anonymous while guaranteeing a secure transactions. Cryptocurrency is associated with internet using cryptography process converting legible information into an almost uncrack-able digital code, impossible to crack transfers and purchases. In history, cryptography was born during the Second World War in order to secure communication. It only evolved in the new generation age, the ‘digital era’ with the elements of computer science and mathematical theory to become a secure money online, information and communications. For most people, cryptocurrency topic are difficult to understand, cryptocurrencies key management mechanics commonly confuses people in the community. With this, there are cases in which people who purchased cryptocurrencies in the market, but in the end left them in others as the holder, the worst scenario is that the balance will be lost to an insider theft or some hackers. Cryptocurrency is subject to pump and dump and this is normal, this is similar to the penny stocks. Because no one knows what scale will be adopted by the currencies, and there is uncertainty about how the community will maximize them, any cryptocurrencies are volatile relative to the traditional fiat currencies.

  • Why use cryptocurrency?

    Basically, cryptocurrencies are known for its extreme security and anonymity to the highest level. Transactions made by this system cannot be reversed nor faked and compared to what your local bank are doing in its client charging high transaction fees. In cryptocurrency the fees are to the lowest level, making it reliable than the conventional currency in the marketplace. Its decentralized nature means they can be available to everyone, in which banks can only be available to those they permitted to open accounts. Cryptocurrency is a new generation cash, the cryptocurrency marketplace known this that currency that could take off high value even overnight. But same works the other way around. People who invest on cryptocurrencies must be aware on its volatility in the market and the possible risk when buying it. The high level of anonymity of cryptocurrencies make experts think that they are associated with the illegal activities on the digital marketplace, this is more to say specifically on dark web. Users should take extra careful when choosing currencies to keep.

  • Why should I get involved in cryptocurrency?

    Because most people believed that it is profitable. Anyone has the option to mine its coins or simply invest into them. The expanding ecosystem provide a multiple opportunities on the possibility of doubling or even more your current assets. What was more convincing was that, cryptocurrency value are evaluated constantly and then re-evaluated as more people join the network. At beginning, cryptocurrency revolution was at 100$ initial investment that could brought hundreds or even thousand profits. Till date, this kind of opportunity is still available.

  • What is a cryptocurrency wallet?

    This is all about storing a cryptocurrency, wallet concept can be daunting a bit for the uninitiated. Basically, there are wallet software (this can be desktop, online or mobile), hardware based wallets, and of course the paper wallets. Talking about the “best” wallet in the ecosystem will be different for each one of us, it depends on a particular needs. Wallets don’t just store cryptocurrency directly. It is accurate to think wallet as storing private keys. The Public key cryptography allows cryptocurrency to function, and uses a specific algorithms in order to generate pairs of keys. Public key is the address to which anyone can send its cryptocurrency balance. The private key allows owners spend funds from the specified address. Without the private key, public address becomes bottomless pit that you can only see; money still be sent there, but lost without a private key. The type of wallets simply represents various ways a certain can secure their secret private key. There are two main types of cryptocurrency wallet, the hot and cold, these refers to the level or internet connectivity of the wallet. Paper wallet and hardware wallets are not actively connected to internet and considered as cold storage. Hot wallet is internet connected wallet, easy to spend, but vulnerable to cyber-attacks. A cold storage protects you from cyber-crime, but still it will be the owner’s responsibility to secure their property.

  • What is cryptocurrency exchange and market?

    A cryptocurrency market and exchange are both service in web, allowing cryptoccurrency token holder to trade to other currency or conventional monetary to their system. According to record, there are more than 2000 cryptocurrency exchangers in the ecosystem, among the largest are Binance, Huobi..

  • What is the difference between cryptocurrency and digital currency?

    Like US dollar and most currencies in the world would qualify as a digital currency. Because only a little of them exist as a physical bills. When the community is talking about them “creating” more money. What they just actually did was to ad numbers in the system. A cryptocurrency is extremely secured cryptography, in which dollars are secured by, nothing really. Governments and banks can make money when they feel like making one, and rules should be applied on the amount of funds to be created, but in reality of life, there’s no limit at all. As holder, you need to trust entities to transfer digital currency any time using your WU, Wire transfer, debit card, check, money-gram or just anything other than cash. They can manipulate or stop your transfer, or take your money, or fail to deliver if they feel like the transaction was incompetent. A cryptocurrency uses a cryptography in order secure every transfers so the function of third party will not be needed anymore, because transfer can be directly send to the receiver without any interception from other.