Learn Hub

3 min read

You purchased cryptocurrency?! Great! Now, you need to focus on properly storing it. Storing your digital assets is an essential part of your crypto journey. To choose the best crypto wallet, you first need to understand the difference between them. There are two types of crypto wallets: custodial and non-custodial. This article will take a deeper look at what a non-custodial crypto wallet is, how it works, and the pros and cons of owning it. If you are interested in learning about a custodial wallet, please refer to the article called “What is a custodial crypto wallet?”.

 

Banxe Team

16/11/2022

3 min read

Every person who has purchased bitcoin or any other cryptocurrency, at least once, knows the importance of choosing a crypto wallet for their safety and convenience. With the wallet, you can perform basic cryptocurrency transactions, such as trade cryptocurrency on an exchange and use crypto related applications. Today, we will analyse what a custodial crypto wallet is, all its advantages and disadvantages, and how it differs from others.

 

Banxe Team

08/11/2022

3 min read

Users receive money for achievements in the game, collect collectable NFT cards and cryptocurrency, and then sell it on the domestic market. Many thousands of people worldwide choose this industry as the primary source of profit. We have compiled a list of the top 3 Play-to-Earn projects of 2022.

 

Banxe Team

01/09/2022

3 min read

Digital banking means that all banking services are done via smart devices by using digital platforms, which eliminates the need for traditional banking methods. With the aid of virtual processes, financial transactions are facilitated, simplified and automated.

 

Banxe Team

17/08/2022

3 min read

With more than 35 million transactions through its network daily, SWIFT is one of the most common ways to transfer money internationally. SWIFT transfers are available for all Banxe customers.

 

Banxe Team

19/07/2022

3 min read

It describes various financial activities, such as funds transfers via an online bank, depositing with your smartphone, filling out online applications in your digital bank's app, raising money for a business startup, or managing your investments on the go. Generally, these services are completed without visiting the physical location of a particular institution. The most prominent examples of fintech are Banxe, Revolut, Nuri, N26, Wise, etc.

 

Banxe Team

17/07/2022

5 min read

AirDrop is a specific marketing method that includes the distribution of tokens or coins to investors' crypto wallets in order to attract attention to a new token or a crypto exchange.

 

Banxe Team

13/07/2022

2 min read

To understand decentralised finance, you first have to acknowledge the difference between centralised and decentralised finance. DeFi is one of the newest financial technologies, built on distributive ledgers similar to cryptocurrency. This system eliminates third parties, such as the banks and institutions that hold the control over your finances.

 

Banxe Team

11/07/2022

3 min read

NFT stands for non-fungible “cryptographic” token, meaning it is a token that is unique and cannot be replaced or exchanged, including with a transfer or exchange mechanism for digital object certification that is used in the blockchain. An example of an NFT isany image, GIF, song, and even the first post of Twitter creator, which also gained attention in the world of NFTs.

 

Banxe Team

10/07/2022

3 min read

Altcoins are defined as all cryptocurrencies other than Bitcoin. They use a different algorithm (or blockchain) and provide new or additional capabilities.

 

Banxe Team

28/06/2022

3 min read

A blockchain is a database that stores encrypted blocks of data (typical transactions that are completed on the blockchain: sell or buy) and then puts them together into blocks to form a chronological single-source-of-truth chain of data. If we were to visually represent the blockchain it would look like a list of transactions that anyone can view and verify. A blockchain can record information about cryptocurrency transactions, NFT ownership, or DeFi smart contracts.

 

Banxe Team

27/06/2022

4 min read

A stablecoin is a digital currency where the value is linked to a real-world asset like U.S. dollars, euros, or gold, like Bitcoin, Ethereum, Dogecoin, etc.

 

Banxe Team

25/06/2022