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Banks are one of the most polarising topics around. Like any business, banks exist to make money- and they’re good at it. The fact they do this using our hard earned money is a sore point. Most people view traditional banks as faintly villainous and we’re quick to blame them for economic issues. Despite this… View Article
It has been a wild year for the cryptocurrency market, but as January rolls around the big question for many people is this; Do you have to pay tax on cryptocurrencies? The answer, for almost everyone, is a resounding yes. Although there are some exceptions, you should assume you’ll be paying some form of tax for cryptocurrency… View Article
The dollar price of Bitcoin and other cryptocurrencies gets a lot of attention and scrutiny. But surprisingly, the price of a digital currency isn’t the best way to assess its value – the market cap is far more important. Here’s why you should focus on that. What does market cap mean? In its regular usage,… View Article
There’s a common misconception that Bitcoin is fully anonymous, so many people are surprised when they sign up for a Wirex account or crypto exchange and are asked to provide proof of their identity. There’s a good reason for that – it’s part of KYC. What is KYC? KYC (‘know your customer‘) verification is how businesses find… View Article
HODL is a key term on the growing list of cryptocurrency related slang. It originated in 2013 when a tipsy forum member made a thread entitled ‘I AM HODLING’ (a misspelling of ‘holding’) to declare his decision to hold Bitcoin no matter what. Other forum members immediately latched onto the term. HODL has stuck around… View Article
If you didn’t get into Bitcoin in the early stages, it might seem like it’s too late now. Prices are soaring to intimidating levels and few of us have thousands of pounds sitting around to spend on a whole Bitcoin. But the truth is, it doesn’t matter if you can’t afford a whole Bitcoin or… View Article