Peter Wind, Publisher at CoinCodex
Peter has been covering the cryptocurrency and blockchain space since 2017, when he first discovered Bitcoin and Ethereum. Peter's main crypto interests are censorship-resistance, privacy and zero-knowledge tech, although he covers a broad range of crypto-related topics. He is also interested in NFTs as a unique digital medium, especially in the context of generative art.
Peter Wind Latest Articles
With all the hype surrounding Bitcoin ETFs, many investors who are interested in Bitcoin are wondering whether it’s better to buy Bitcoin directly or invest in a Bitcoin ETF instead. We compare buying Bitcoin vs. a Bitcoin ETF and explain the pros and cons of each approach.
POAP is an acronym for Proof of Attendance Protocol, which allows event organizers to mint digital collectibles on a blockchain and distribute them to attendees to document that they attended the event. The term "POAP" can also be used to refer to these digital collectibles — for example, you could say "I got a POAP at the Ethereum meetup".
SAFU is a term that you’ll come across quite often in the cryptocurrency community. Most of the time, the term is used as an intentional misspelling of the word “safe”. However, it also has a secondary meaning, referring to the Secure Asset Fund for Users (SAFU) established by the Binance cryptocurrency exchange.
At this point, it’s very unlikely for Bitcoin to crash to zero in the foreseeable future. However, there are long-term risks that could significantly impact the price of BTC.
A crypto wallet address is a sequence of alphanumeric characters that you can use to receive cryptocurrencies. You’ll need separate wallet addresses for every cryptocurrency that you want to use. For example, you cannot use the same wallet address to receive both Bitcoin and Ethereum.
A Bitcoin wallet address is a sequence of alphanumeric characters that’s typically between 26 and 35 characters in length. Someone who wants to send Bitcoin to you needs to know your Bitcoin address to do so.
The main difference between share certificates and certificates of deposit (CDs) is that share certificates are offered by credit unions, and CDs are offered by banks. Both are low-risk investment products where the customer deposits money into an account and earns fixed interest or dividends on the deposit.
Hot wallets are better for convenience, while cold wallets excel in terms of security. You can use a hot wallet if you’re making frequent transactions with smaller amounts of cryptocurrency. Meanwhile, if you are looking to store a larger amount of crypto over a longer period of time, a cold wallet is strongly recommended.
Most cryptocurrency exchanges require between 1 and 3 confirmations for Bitcoin transactions. When we’re talking about “confirmations” in the context of Bitcoin, we’re referring to the number of blocks that have been added to the Bitcoin blockchain since a transaction was first included in a block.
Buy Bitcoin on Venmo directly, or via P2P marketplaces that accept Venmo. However, P2P options usually offer worse rates than buying through Venmo itself.
