Potcoin review (All you need to know about the Potcoin cryptocurrency)
Table of Contents
Potcoin review (All you need to know about the Potcoin cryptocurrency)
Read all about Potcoin in this Potcoin review.
There are thousands of cryptocurrency that are currently in circulation. Many of these cryptocurrency are unique, in the sense that they have different problems they are trying to solve and of course in different industries.
Potcoin is a cryptocurrency that’s designed to become a standard method of payment in the legalized cannabis communities worldwide.
Potcoin was the very first industry specific cryptocurrency developed to empower the legalized cannabis industry. Potcoin is a community based project, operating as a decentralized organization.
PotCoins are digital coins you can send via the internet, which allow cannabis enthusiasts to interact, transact, communicate and grow together. PotCoin is a global community based effort.
In this Potcoin review, I am going to be writing about all you will need to know about Potcoin, under the following sub topics “How does potcoin work”, “Potcoin wallet”, “How to mine potcoin”, “How to buy potcoin”, “Is potcoin legit?” and more.
Remember to leave us a comment after you finish reading and also share with your friends on social media.
Let’s get into it then…
What is Potcoin?
Potcoin is a cryptocurrency that’s designed to become a standard method of payment in the legalized cannabis communities worldwide.
Potcoin was the very first industry specific cryptocurrency developed to empower the legalized cannabis industry. Potcoin is a community based project, operating as a decentralized organization.
PotCoins are digital coins you can send via the internet, which allow cannabis enthusiasts to interact, transact, communicate and grow together. PotCoin is a global community based effort.
PotCoins are transferred directly from person to person via the net, without going through a bank or clearing house.
This means that the fees are much lower, you can use them in every country and your account cannot be frozen. Sending PotCoin is as easy as sending an e-mail and you can buy anything with PotCoins.
How does Potcoin work?
Potcoins are stored in a number of ways most commonly kept in a digital wallet on your computer, a server, or mobile device.
The Potcoin network is secured and verified by thousands of computers using state of the art encryption. Anyone can join the Potcoin network and the software is open source so anyone can review the code.
How to get started with Potcoin
- Choose a wallet: There’s a PotCoin wallet for everyone. Setting up a wallet can take less than a minute and is completely FREE.
- Get Potcoin: There’s a PotCoin wallet for everyone. Setting up a wallet can take less than a minute and is completely FREE.
- Use Potcoin: A variety of instructional guides on how to buy, sell, stake and use PotCoin.
Potcoin wallet
A wallet is a digital software where you can store cryptocurrency. It can be offline or online, mobile or desktop, hot or cold.
A potcoin wallet in this case, is a software where you can store your Potcoin cryptocurrency. You can visit the Potcoin official website https://potcoin.com to get the potcoin wallet (potwallet).
The potwallet is designed specifically for Potcoin, and it has all the features you will probably need, as well as having both an online and desktop version (the desktop version is more secure).
The online wallet is available on android, the desktop version is available on MS windows, Mac OSX and Linux.
How to buy Potcoin
Buying potcoin is no different from buying other cryptocurrency, it is available on a lot of cryptocurrency trading platforms like Changelly, Bittrex, Coinomi etc.
All you have to do is pick a credible and trusted exchange and trade another crypto for Potcoin, or you can buy it using your credit card, bank transfer and other available options.
How to mine Potcoin
If you want to Mine Potcoin, there are three main methods. The first one is the use of CPU, the second is with the use of GPU and the third is with the use of ASIC miners.
CPU is the cheapest way to mine Potcoin, and it is also the least effective. You can basically begin mining Potcoin with the use of your personal computer.
GPU is more expensive that CPU to mine potcoin, it basically uses graphics card to make mining more effective and stable.
ASIC miners are specialized miners that are programmed to only carry out one task at a time, and in this case “Mining”. It is the most expensive method but the most effective and fastest method to mine Potcoin.
You can also consider Cloud mining, which is when you buy a mining contract and benefit from mining, without needing to carry out any tasks yourself.
Is Potcoin a good investment?
The one thing about cryptocurrency that is certain, is that nothing is certain. Potcoin is just one of many cryptocurrencies that is existing today, and although Potcoin has a strong community behind it, it doesn’t mean that it will be a great investment.
Then again, the crypto market is about taking risk, so if you want to take a risk on Potcoin, then you can go ahead. My advice is that you only invest what you can afford to lose, incase things don’t quite workout.
Frequently asked questions (FAQs)
Where can I buy Potcoin?
Buying potcoin is no different from buying other cryptocurrency, it is available on a lot of cryptocurrency trading platforms like Changelly, Bittrex, Coinomi etc.
How do you mine Potcoin?
If you want to Mine Potcoin, there are three main methods. The first one is the use of CPU, the second is with the use of GPU and the third is with the use of ASIC miners.
Is Potcoin a good investment?
The one thing about cryptocurrency that is certain, is that nothing is certain. Potcoin is just one of many cryptocurrencies that is existing today, and although Potcoin has a strong community behind it, it doesn’t mean that it will be a great investment.
Conclusion
Thank you for reading my Potcoin review. If you have any comment or question, you can leave it below in the comment section.
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