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Judi Online – Cryptocurrency Based Online Casino

The iGaming industry, which includes judi online, makes use of impressive technologies to provide its users an interactive and engaging gameplay. An online casino, judi online, offers various casino games that a traditional casino provides, from different-themed slot games, poker, baccarat, roulette, and blackjack. But, similar to a physical casino, the games at an online casino are equally or even much more thrilling as well as potentially lucrative. Furthermore, many people opt to play at a judi online because of its convenience, portability and accessibility to a wide range of casinos games.

Types of Online Casinos

Online casinos have gained momentum over the years and, being a billion-dollar industry, is expected to grow for the coming years to come. With the unceasing development of technology, these online casinos are now compatible with other electronic devices aside from a desktop computer, such as laptops, tablets and smartphones. There are three kinds of online casinos that players may opt to participate in and enjoy just about any time and any place.

  • Internet-based Casinos. Internet-based casinos, also called web-based casinos, are casinos that have its own website wherein you register at and log on to every time you wish to play. You don’t have to download certain software into your device for you to be able to access and play on the site. However, your device might need good bandwidth and specs to have and enjoy better graphics and sounds.
  • Downloadable Online Casinos. These are app-based casinos. For you to play, users will need to download the app or the online casino software into the device so as to be able to access the casino games. While download-based casinos software are faster and don’t need browser support, they are more at risk to spyware and malware. Hence, it is imperative to have a reliable anti-virus software when installing this type of online casino.
  • Live-based Casinos. In a live-based casino, you get to engage in a real-time casino experience where they could interact with real dealers and other real players as you would in a traditional physical casino.

Cryptocurrency-based Online Casino

Most of these online casinos are real-money casinos. This means that you deposit real money in order to play the games offered by the online casino, which also means you win and earn real money as well. It is then imperative that you as a user and player choose a reliable and trusted online casino to ensure your private details are protected.

For this reason, there are online casinos that now accept cryptocurrency as a mode of payment, whereas others are crypto-based online casinos, which means certain cryptocurrencies are used in order to play. Hence, when and if you win, you are paid in cryptocurrency as well.

Cryptocurrency highlights the blockchain technology which is believed to be safer than using real money. Therefore, players don’t need to worry about being pursued or traced by scammers when making transactions online. This is one of the major reasons crypto-based online casinos were created and why many players opt to play in one.

Posted by Ned Queen in Cryptocurrency

Using Bitcoin When Playing On Online Casinos

Bitcoin

 

Once regarded as a novelty, the cryptocurrency Bitcoin (BTC) is quickly becoming the currency of choice for online casino enthusiasts all over the globe and also in South Africa.

That is only because casino trades in Bitcoin are quicker, cheaper, discreet, and protected than those of frequent payment methods such as credit cards, bank transfers, e-wallets, or prepaid cards.

Additionally, in the same way, the amount of SA internet players opting to deposit, cash, and play outside in Bitcoin are on the upswing, so are the variety of casinos that take Bitcoin. There are two sorts of Bitcoin casinos — people who just accept Bitcoin and the ones that take Bitcoin alongside routines (FIAT) monies such as South African Rand, US dollars, GB pounds, Euros, and many others.

On the subsequent Bitcoin casino guide, we will guide you through all elements of Bitcoin as a secure and secure online gaming money, in addition to the advantages of playing premier Rand online casino websites using Bitcoin.

What’s Bitcoin?

Bitcoin is an internet virtual or electronic money which may be used to purchase products and services on the net. Unlike regular monies, Bitcoin is a mathematical rather than bodily money that suggests it only is practically and isn’t accessible as banknotes or coins.

Bitcoin could be purchased and sold in an assortment of ‘Bitcoin Exchanges’ with repayment approaches such as charge cards, debit cards, and money. However, before you may purchase and invest them, you are going to require a safe and protected place to save, send, and get them which is where Bitcoin pockets arrive. There are four Chief types you can Select from:

Different types of Bitcoin Wallets

  • Online Wallets — Possibly the fastest and simplest form of Bitcoin pocket, all these include any 3rd party online wallet you’ll be able to get from any other computer or mobile device which has an online connection. The most important disadvantage is that online wallets are somewhat more prone to security breaches and hackers compared to the majority of other pocket types.
  • Computer Software Wallets — All these are pockets it is possible to install in your own desktop or cellular device (no matter its own manufacture, platform, or operating system), even though they may want a good deal of disk space. This sort of wallet demands some computer to understand how to establish and is just as safe as the personal computer/device that it is installed.
  • Hardware Wallets — All these are pockets saved on routine USB devices like external or flash drives that have to be plugged into your computer when you transact. When unplugged, they are shielded from computer viruses and malware and behave as a ‘back up’ of your pocket. Becoming mobile, you are able to continue to keep this wallet beside you constantly.
  • Paper Pocket — this kind of wallet is composed of your Bitcoin private and public keys handwritten onto a bit of paper. Therefore they are thought to be the most protected of Bitcoin pockets since they’re 100 percent ‘off the grid’ This implies that they can’t be obtained over the net and may only ever be included if stolen or lost.

The kind of all Bitcoin wallet you select can depend on several aspects. As an example, if you’d love to utilize Bitcoin to finance your Southern African casino account with a couple of dollars once in a while, an internet or software pocket would be the best way to go since they’re really simple and convenient.

If, however, you get a considerable sum of Bitcoin and also are extremely worried about keeping them secure a hardware or application wallet is probably your very best option. Or, if you’d love to eliminate the chance of getting your Bitcoin hacked online, a newspaper wallet is suggested.

But whatever Bitcoin pocket you choose, much like banking procedures, the further you secure and protect your individual apparatus, applications, data, usernames, and passwords, the more powerful your Bitcoin will soon likely probably be. Do not ever leave your private and public keys lying about.

How Can You Work With Bitcoin in South African Casinos?

Making withdrawals and deposits in Bitcoin in South African internet casinos is amazingly simple. To begin you will want to register for and add money for a Bitcoin wallet. Next, you will have to enroll to get a real cash internet casino accounts (in case you have not already).

How to Deposit together using Bitcoin

To make a deposit, then login to a South African internet casino and then go into the Banking or Cashier webpage and pick Bitcoin in the payment procedures available.

A brand new page should start out with just two areas for you to finish. The first is the Bitcoin wallet speech (you are going to get this recorded on your wallet dash) and the next is the volume that you would like to deposit. Keep in mind Bitcoin could be divided into several components, such as the tiniest Satoshi, which will be one hundred percent of a Bitcoin (0.00000001 BTC).

When you click submit, your capital should immediately appear on your internet casino account prepared that you use to perform any real cash casino sport you pick.

How to Withdraw with Bitcoin?

Withdrawing funds from your online casino account are equally as fast and simple as creating a deposit. To cash out, just come to your South African casino debit or debit webpage, and out of the withdrawal approaches available, select Bitcoin.

Put in your Bitcoin wallet speech and the quantity you would like to draw, and after you click Apply, your own budget should have arrived in your Bitcoin wallet.

 

ALSO READ: Cryptocurrency or Digital Currency: How Much Do You Understand and Know About It?

 

What are the Benefits of Bitcoin?

There are a lot of benefits of utilizing Bitcoin as alternate money, especially in regards to financing internet casino accounts for South Africans who are also looking for free spins no deposit no wagering South Africa. For example, it’s among the safest and most protected banking and banking choices now offered.

Listed below are a few other benefits:

Low Transaction Prices

Everybody likes to conserve cash and South African online gaming fans are not any different. Since Bitcoin is money that isn’t possessed by any person or business, its prices are a lot lower compared to those of routine banking alternatives, which vary from zero to minimal.

Unlike traditional banking procedures that bill a series of penalties to improve their earnings and profitability, Bitcoin is unbeholden to some shareholders or supervisors, only the folks around the globe — such as from South Africa — it, buy it, and sell it and utilize it.

The outcome is a payment system whose goal isn’t to ‘gouge’ its clients, but to provide them a more cost-effective alternate to e-wallets, prepaid cards, EFTs (bank transfers), debit cards, and charge cards. That is the reason Bitcoin is approved at a lot of SA internet casinos.

Enables for Anonymity

Understandably, many Southern African internet casino players choose to continue to keep their love of internet gaming games discreet and private. Nevertheless, this may be a tall order using routine payment choices that need and document the title of beneficiaries, in such an instance online casinos.

Utilizing Bitcoin, nevertheless, there’s a listing of transactions but not one of the beneficiaries. Additionally, since Bitcoin buys aren’t connected or linked into a user’s individual identity, their own casino residue can’t be traced back to them, similar to money deposits.

This implies Bitcoin permits for a degree of anonymity unlike some other payment system, which is excellent for internet casino players from South Africa who hunt higher solitude. Additionally, every Bitcoin speech (that is currently anonymous) is altered with each new trade.

Immediate Processing Times

On account of the character of Bitcoin, its own processing instances have been instantaneous which usually means you do not need to await your withdrawals or deposits to clean as possible with lots of classic payment choices. This offers you more freedom in regards to paying or straight out.

As many routine banking procedures allow for immediate deposits, even in regards to earning withdrawals you might be asked to furnish various identification along with other confirmation documents to show that you’re a legitimate participant rather than a money launderer.

This isn’t a problem with Bitcoin since your withdrawals are processed as fast as your own deposit. This can be a huge advantage if you are the sort of player who enjoys performing with multiple casinos also does not possess the patience to wait for days for the funds to clear.

Convert Bitcoin into Rand

If you have experienced a particularly rewarding session in your favorite South African American casino, also now you have withdrawn all of your winnings at Bitcoin and you would like to appreciate your winnings at cold, hard money you can. All you need to do is head to some ZAR Bitcoin market.

In your preferred Bitcoin Exchange (you have to be signed up and logged in to purchase/sell Bitcoin), then start looking for the existing BTC / ZAR exchange rate and also in case you are delighted with, then follow the various instructions to offer your Bitcoin. As soon as you’ve completed that, you are absolutely totally free to cash from ZAR.

Together with your payment system of choice (such as credit card, bank transfer, or e-wallet), money out whatever your equilibrium permits in South African Rand. However, whatever the way you select, rest assured there will not be a listing of your budget using come from an internet casino.

 

Posted by Laney Seward in Cryptocurrency

PayPal Moves Forward w/ Cryptocurrency Services Ahead of 2021 Schedule

PayPal announced last Nov. 12, that customers do not have to wait until 2021 for them to open a cryptocurrency account, as the service is now available to use. Qualified PayPal account holders will be able to buy, sell and hold specific cryptocurrencies like bitcoin (BTC), bitcoin cash (BCH), etherium (ETH) and litecoin (LTC). Moreover, the cryptocurrency purchasing limit has been raised to $20k weekly, from the previous $15K per week mentioned in the initial announcement.

PayPal revealed its plans of offering cryptocurrency services last October 21, 2020, whilst stating the the projected rollout will take place in the early part of 2021. Paypal’s cryptocurrency services currently include selling, buying and holding of any of the aforementioned cryptocurrencies.

PayPal’s Cryptocurrency Services is in Partnership with Venmo and Paxos

As it is, the terms and conditions of Paypal’s cryptocurrency services includes a prohibition against the direct transfer of crypto money to the cryptocurrency accounts of relatives and friends, or as direct payment for goods and services purchased from accredited merchants. Apparently, that particular aspect will require the use of Venmo’s social payment platform to which cryptocurrency service involving collaboration with the social payment processor will be available only in 2021 and to PayPal’s network of 26 million merchants,

In the meantime, the availability of PayPal’s cryptocurrency services is currently being carried out through a partnership with Paxos, a fintech firm tasked to handle cryptocurrency transactions in Paypa’s behalf. Paxos is a New York-based financial technology company that uses a private blockchain network in keeping custody of cryptocurrency accounts for delivery, payment and settlement of cryptocurrency transactions. That is why withdrawing crypto money from a PayPal account using an external crypto e-wallet is not allowed.

Basic Eligibility Requirements to Open a PayPal Cryptocurrency Account

First off, a person must be a U.S. resident aged at least 18 years or older; or of the age of majority recognized by the state in which an individual resides. However, the service is still not available to residents of Hawaii.

An existing personal PayPal cash account is necessary, as a means to access the Cryptocurrencies Hub since all related crypto services will be linked to the main PayPal account. A person’s login details to his personal Paypal account will be the same credentials to use when accessing the Cryptocurrencies Hub, as the latter will form part of that person’s Cash Account.

Paypal will also verify the previously verified information submitted when the personal Cash Account was opened, before a Paypal account holder is given access to the Cryptocurrencies Hub. The payments processor also reserves the right to verify from time to time, required information such as name, address, birthday and Taxpayer Identification Number by requesting a copy of a person’s government issued photo ID, or the most recent utility bill or any other proof of current residency.

Posted by Madelina Feliks in Cryptocurrency

Understanding The Forex Market

Trading in the forex market allows anyone to trade at fairly smaller amounts compared to financial markets. Many people are trading the forex market because there’s a higher opportunity to leverage income and make money.

Trading Forex vs. Trading Cryptos

What is the Forex market?

Forex trading is the act of buying and selling currencies to make an income. The forex or the foreign exchange market is the largest in the world and it has a daily turnover of almost five trillion USD. There is no central market place for Forex Market and this mainly differentiates it from trading stocks. Another key difference is that anyone who trades in forex can still make a profit regardless if the market is high or low and prices are declining. The forex trades 24/7 and thus traders can invest any time.

What is moving the foreign exchange market?

There are several factors that cause fluctuation in prices. Below are three factors that primarily impact the foreign exchange market.

  • Supply and demand. The primary moving factor is supply and demand. If the demand for currency pairs heightens, the seller is removed. The moment prices get to a specific threshold, they are going to bring in new sellers to the market.
  • Central bank. Another factor is the central bank because when CB announces measures that impact a certain currency, it follows that prices change. The CB attempts to manage inflation, money supply, and interest rates.
  • News reports. The market had always been influenced by market and news reports. Based on the economic calendar, there are certain news reports that caused high, medium, or low impact. Favorable news reports can increase currency value and unfavorable news reports can lower currency value.

Should you get a forex broker?

You must get a good broker and trading platform in order to trade in Forex. You will also need to have internet access to monitor your investments. A trading platform is a software application that allows you to trade in the forex market. This is made available to you by forex brokers.

Looking for a reliable forex broker? Check out Forex Brokers 2020. 

There are several factors to consider when choosing a forex broker. This includes regulation, minimum account, commissions, account fees, promotions, and platform features. There is high competition among online brokers. In order to be profitable in forex trading, choose an online forex broker tailored to your trading needs. Broker should strictly be regulated.

In any endeavor, background knowledge is important. However, with forex trading, the experience is the best teacher. A demo account is most helpful to help you learn and gain more knowledge in the forex trading industry. Also, trading in a demo account gives a feel of the real market.

Trading strategies

Having a good forex strategy is an important factor in order to ensure profitability. While there are many strategies that claim to be successful, not all are suitable for every trading situation. That’s why it is important to choose one strategy that best matches every situation. For beginners, test your skills in trading by using the demo account. The demo account allows you to discover strategies that will best work for every situation. When you are confident of the strategy you developed or existing strategies that you tested, then you can move on to a live account.

 

Posted by Laney Seward in Finance

Security Researchers Explain Methodology of Crypto Exchange Hackers

Security researchers who convened at the Black Hat virtual conference, reported on how the notorious group CryptoCore was able to hack $200 million worth of crypto money. The heist, as reported by Cointelegraph last June 2020, saw several crypto exchanges operating across the globe, losing cryptocurrencies from cyber attacks perpetuated by way of a phishing campaign that lasted for two years.

The report revealed how crypto exchanges become vulnerable to hackers despite claims of having high privacy and tight security measure in place to protect their funds. Researchers enumerated three methodologies that allowed hackers to succeed in attacking five crypto exchanges in Japan, the Middle East and the U. S, .Omer Shlomovits, cofounder of KZen Networks and Aumasson, a cryptographer categorized the attacks as:

1) Insider attack or inside job,
2) Exploitation of a relationship between a crypto exchange and a customer
3) Partial extraction of secret keys.

According to the report, the approach was similar to breaking open a conventional bank vault by turning on six keys all at the same, which means the hackers had to dissect private keys into smaller pieces in preparation for their cyber heist.

Insider Attack or Inside Job

An insider, explores and exploits the vulnerability of the cryptocurrency exchange’s open-source library. Using the refresh mechanism, an inside attacker who is also a key holder initiates a refresh. Then he or she does some manipulation to alter some keys but at the same time retain some. The manipulation will cause a denial of service that permanently locks out the cryptocurrency exchange out of its own digital funds.

Another way that an inside attacker launches an incursion is to figure out private keys generated by exchange customers when initiating multiple key refreshes. This enables the inside attacker to carry out the stealing process by manipulating exchange processes using false validation statements.

Exploitation of Relationship between Crypto Exchange and Customer

Shlomovits and Aumasson said attacks could occur once the insider becomes a trusted party in a crypto exchange for which they receive their portions of the key. Any of the trusted parties with malicious intent can generate random numbers that is up for public verification. However, the researchers found out that in the case of Binance, the site skipped the checking of random values generated by trusted parties.

Extraction of Secret Keys

Malicious trusted parties use the unvalidated values in sending constructed messages to other users, who in turn, assign the unvalidated information. Exchange users using multiple key refreshers become the targets of the malicious trusted parties, for purposes of extracting private keys to use in launching the cyber hack.

Posted by Madelina Feliks in Cryptocurrency

How to Cash-In Your Cryptocurrency?

Do you have Bitcoin and would like to cash it in to your bank account? Lucky for you as there are a lot of ways on how you can convert it to real money.

Selling it to an Exchange

Selling your Bitcoin to a trusted crypto exchange is basically the simplest method that you can opt for. To ensure that the brokers don’t break any laws, you have to withdraw to same bank account that you have deposited with. It is easy, simple and most of all, secure. However, don’t expect it to be swift.

In the US, the average timeframe for the money to reach your bank account will take 4 to 6 days. But this is going to vary depending on your location. Any associated fees will depend as well on the country where your bank is located.

Cash it out to Fiat via PayPal or Bank Transfer

Today, you are going to find Bitcoin ATMs. In comparison to the conventional ATMs where you make withdrawals from your bank account, Bitcoin ATM serves as the physical center allowing you to sell or buy Bitcoins using fiat money. As of this writing, there are more than 5,000 ATMs spread across 76 countries and you may use the web to find a Bitcoin ATM nearest to you.

Remember always though that these machines are different and this method will be suitable only when making small transactions. This is mainly because of the fact that majority of these Bitcoin ATMs have limits in regards to the amount that can be deposited and withdrawn. The thing with withdrawing from Bitcoin ATM is that, the transaction fees are crazy expensive that range between 7 to 12 percent.

Bitcoin Debit Cards

These days, there are a number of websites that let people to sell their cryptocurrency like Bitcoin and get a prepaid debit card in return. This allows the seller to use it just like how regular debit cards would. Every card is powered either by Mastercard or Visa. Meaning to say, it works perfectly whether online or offline at most businesses worldwide. In addition to making purchases, the cards can be used in withdrawing money at regular ATMs.

Cash Deposit

As a seller, you may just ask the buyer to directly deposit the money to your bank account. Of course, always request for proof of identification before you release your Bitcoins to them.

Now, once you have your money, use it for something productive like investments. Check out websites that do FOREX broker comparison to see which broker work with to handle your finances and grow your money.

Posted by Ness Shantel

Small- Scale Crypto Miners Not Optimistic Over Post-Coronavirus Comeback

As U.S. president Donald Trump wavers on decision to extend the U.S. lockdown or reopen economies, cryptocurrency miners are still weighing on potential outcomes.

Although cryptocurrency trading had slightly recovered, there is still hesitation among miners. The costs of analyzing blockchain transactions remain the same, while prices of digital currency fluctuate; earning them coin values not enough to even recover previous losses.

Most crypto traders do not foresee immediate economic recovery once businesses reopen. The public will have been left with reduced funds, or none at all, to even think of heading out for a buying spree. Besides, the Centers for Disease Control has warned that there could be a second wave that could be more severe than the first. It is likely that any plans for investing or buying will be put on hold as emergency funds; probably until there is certainty of a stable economy..

Unprofitable Bitcoin Mining Operations Could  Cripple Start-Up Mining Businesses

Ideally, the best scenario is one in which the bitcoin price will rise. That way mining operation will regain its profitable traits. In early March, the cryptocurrency industry saw several operators liquidating their bitcoin-backed loans, whilst miners decided to shut down their mining machines.

 

There are also analysis reports of start-up privately-owned mining corporations, to likely disappear. That is  if providers of hardware and funds will give priority to larger mining operators.

Posted by Madelina Feliks in Cryptocurrency

Amidst Continuing Hacks and Scams, How Should the Cryptocurrency System Move Forward in 2020?

It is now widely recognized that the cryptocurrency financial system has become a burgeoning industry. So much so that it has become ripe with opportunities for fraudsters and hackers, as millions have become victims of cryptocurrency investment scams and cyber attacks. Apparently, the common factor that has made victims vulnerable to criminal elements is their complacency.

They see the blockchain system as having sufficient shield against the prying eyes of financial regulators and tax enforcers. Yet they also take it to mean that the entire workings of the cryptocurrency financial system is safe from the schemes devised by scammers and hackers. .

Victims tend to overlook the fact that the beginning and end of cryptocurrency transactions still require participation of banking institutions. Not unless one is a cryptocurrency miner who gets to own a unit of cryptocurrency for every block of encrypted transactions he or she adds to the blockchain system.

Purchasing cryptocurrency with real cash, is still the fastest approach to owning digital money. Mainly because it takes high-powered computers to solve complex encryptions plus a lot of hard work is involved. Now in order to have real-world value, cryptocurrencies have to be cashed out through bonafide bank accounts or central bank-accredited payment processors.

Actions Taken to Strengthen the Security of Financial Transactions Involving Cryptocurrency Exchanges

As far as The Society for Worldwide Interbank Financial Telecommunication or SWIFT is concerned, they have reacted to cyber attacks by reinforcing cybersecurity controls, and by identifying the weakest players in the SWIFT community.

Moreover, this organization of global financial telecommunication experts, makes sure that information about the modus operandi of known cyber attackers, are disseminated worldwide to prevent further occurrences of hacking incidents.

In the cryptocurrency system, which is basically a decentralized method of exchanging digital funds, whilst working outside of a central bank or a recognized administrator, members of the cryptocurrency community rely on each other in preventing scams and hacking incidents.

Cryptocurrency service providers like operators of crypto exchange platforms and digital asset custodianship, have also taken steps to prevent digital funds from being stolen. However, the fact that many crypto-related investment frauds and illegal cash-outs still happen, the use of encryption controls, of blacklisting addresses and of capping cash-out transaction, have not proven as sufficient deterrents against criminal elements and their modus operandi.

What Financial Experts Recommend to the Cryptocurrency Community in Moving Forward to 2020

Many articles written about cryptocurrency fraud suggest that it is not only the technology of the system that requires strengthening. Proponents and players in the digital currency market must acknowledge that it takes more than encryption to provide the necessary check and balances in ensuring the validity of blockchain transactions.

Improving the cryptocurrency system also requires risk management and adherence to basic financial controls. Particularly that of segregating duties, functions and roles among those who have access to the blockchain system to deflect conflicts of interests. Segregation pertains to those who have custody of customer assets, as well as from those who facilitate trading or exchanges of cryptocurrency funds.

Most important of all is to instill the importance of education or know-how among participants, before entering into cryptocurrency transactions.

Rather than have digital asset owners and potential investors rely on information provided by influencers, participants should have a clear understanding of how crypto-exchanges and fund transfers work; of the risks involved, as well as have accessible information about established institutions and organizations that can help in verifying the legitimacy of digital investment offers.

Posted by Madelina Feliks in Cryptocurrency, Finance

Forex Trading And Cryptocurrency Trading

Currently, there are various ways as to how individuals trade forex, such as the use of forex vps, as well as other assets in the industry of finance. With the launch of numerous digital currencies via the blockchain technology, the platforms for trading have taken an entirely different stance.

In recent past, traditional forex trading platforms have encountered several hitches and challenges. However, the key appears to be provided by the range of available digital currencies running on the platform of blockchain technology. So as to completely understand this, it is vital to know what a blockchain is.

It has been mentioned several times in different industries, the blockchain technology is a series of blocks linked together and is made accessible via a public ledger. This public ledger is circulated among crypto users on the technology’s network which is quite advantageous for numerous reasons, such as data security, swift transactions, global reach as well as better financial security.

Forex Trading

The market of foreign exchange is the hugest global market that is decentralized where various currencies are traded from various individuals across the globe. Via the numerous platforms for forex trading, over 5 trillion US dollars traded daily. The forex market is the most liquid in the globe.

By means of forex trading as well as its numerous platforms for trading, there are opportunities for investment that encompass the profitability of involved participants. From a newbie, you could fully turn into a professional trader in a short span of time. To achieve this, an online platform for forex trading is needed.

Cryptocurrency Trading

Different from traditional currencies or fiats, cryptocurrencies (digital currencies) are completely decentralized and operate on the platform of the blockchain technology for diverse uses. Cryptocurrencies aren’t controlled or dominated by whichever central administrator increasing the usefulness, efficacy and use of these cryptocurrencies.

Crypto trade is very distinct from the conventional method of trading, since digital currencies are traded instead of the usual fiat currencies through crypto trading platforms that runs on the platform of blockchain technology as well.

It is a potent skill to learn to trade cryptocurrencies. Generating a profit on platforms for forex trading is essentially depended on difference in values, on the other hand, cryptocurrencies as well as other digital assets are known for their volatility where values always change. Therefore, you have to know and understand which crypto to buy and sell, when and at what price to generate profit.

Trading Crypto On Trading Platforms

Comparable to the traditional forex trading platforms, crypto trading platforms are used for the trade and exchange of digital currencies. Cryptocurrency trade is done between two factions by buying or selling other cryptocurrencies or by exchanging crypto with fiat currency. All these are possible depending on the platform for trading as well as its policies.

Posted by Ned Queen in Cryptocurrency, Finance

Facebook’s Libra Cryptocurrency Faces More Withdrawal of Support for the Project

As U.S. legislators and regulators continue to scrutinize Facebook’s planned launch of its Libra cryptocurrency, six (6) other financial backers of the project have announced withdrawal of their support.

Wary of becoming involved in a financial project that has yet to present proof that it is capable of meeting and complying with regulatory requirements, major credit card companies Visa and Mastercard, decided not to pursue plans of becoming founding members of the Libra Association.

Other companies that withdrew pledge of financial support and membership from the Libra Association, include eBay, Stripe, Booking Holdings and Mercado Pago. This recent development came after PayPal formally announced the company’s withdrawal a week ago.

As a result, the Libra cryptocurrency will only have Netherlands-based PayU on board as payments processor. However, it is purported the PayU is not accessible in the U.S. and Canada, as well as in some areas in the Middle East and Africa.

Treasury Secretary Steven Mnuchin says that it is necessary for the Libra cryptocurrency to meet financial regulatory standards, which up to now is not up to par.

Moreover, Secretary Mnuchin warned that if Facebook’s Libra launches while not meeting the anti-money laundering standards and the standards set by the Financial Crimes Enforcement Network, the Treasury Department would take enforcement actions against Facebook and its proposed governing body, the Libra Association.

Remaining Libra Associates Still Optimistic about the Libra Cryptocurrency Project

Despite the mounting pressure to comply with financial regulatory requirements, and the rising number of partners withdrawing as Libra Associates, the remaining partners held an inaugural meeting in Geneva, Switzerland yesterday (October 14, 2019).

Reuters reported that the remaining 21 members, out of the original 28 previously named as Libra Associates, reaffirmed their support for the cryptocurrency undertaking. The group formed and voted on the 5-member board, whilst agreeing to an interim articles of association, developed in accordance with Swiss Laws.

Making up the 5-member board are Facebook Executive David Marcus, and representatives of PayU, Andreessen Horowitz, Xapo Holdings Limited and non-profit organization Kiva Microfunds.

Posted by Madelina Feliks in Cryptocurrency

Facebook and Its Libra Cryptocurrency Project Suffer from Trust Issues

Facebook’s Libra project is about combining online shopping and making other online financial transactions right on the Facebook platform, whilst using only a single digital currency as acceptable mode of payment. Facebook would call its own kind of cryptocurrency as Libra.

The mechanics looks appealing as it will make Facebook a one-stop-shop environment where people can communicate, meet, shop and transact at the same time. However, there is just one important problem that Facebook will find difficult to hurdle: lack of trust among Facebook users.

The general perception is that the social media site lacks the capability and diligence to prevent the certain forces in the Internet from gaining access to FB-Libra user’s financial information and activities if ever.

Why Many Consider the Facebook Libra Project as Untrustworthy

When Facebook revealed its “Project Libra” sometime in June, it instantly projected a picture in which people living ordinary lives will finally have a chance to dip its hands into the growing world of cryptocurrency. The project looked appealing because it made the process of dealing with cryptocurrency so convenient and at the same time not so complicated.

Yet that is exactly the problem, Project Libra seems all too easy, which if handled by a social media site like Facebook is too risky. After all, not a few million users have had the experience of getting their FB accounts hacked, or the security of their personal information breached.

Technology websites like Tech Republic can present a decade-long list of privacy information breach that the Facebook platform allowed to transpire through the years.

The worst and the most recent was the one carried out by a political consulting and strategic communications company called Cambridge Analytica. The firm was able to gather personally identifiable information from 87 million users who were enticed to take a personality quiz called “This is Your Life.”

The U.S. Congress, through the Senate Committee on Banking, Housing and Urban Affairs held a hearing in which FB Messenger Exec David Marcus and supposed head of the Libra project launch, was grilled on all sides. The hearing ended with Committee Chairman, Senator Maxine Waters, requesting the social media company not to go ahead with the Libra launch until such time that proper legislation governing cryptocurrency operations are in place.

Recent Poll Shows Only 2% of People Surveyed Trust Facebook’s Project Libra

A recent survey conducted by US-based CivicScience involving 1,799 American adults showed that 77% do not trust Facebook with their personal information, while only 2% put a lot of trust on Facebook.

The survey also revealed that when it comes to trusting Facebook’s Libra Project, at least 40% of those who responded say they had less trust in Libra over whatever trust they have for cryptocurrencies like Bitcoin.

Posted by Madelina Feliks

Selling Bitcoins for Real Cash

Owning Bitcoins or any other form of cryptocurrency lets you use it in making direct payments from various companies. Furthermore, it can be sold on exchanges from which you can buy it. The entire transaction only takes minutes but it takes more time to make an actual withdrawal and have it sent to your bank account.

As you read this short article, you are going to discover a couple of ways to sell your cryptocurrency for money.

P2P Exchanges

P2P or Peer to Peer trading is a good alternative to sell your crypto for cash. Here, you have to make an account and be verified in order to confirm your identity. Once everything is set up, you’re now able to cash out coins in a direct manner.

The moment that you get the money, you can use it on wherever you like whether you buy tradelines from this source or whatnot.

Bitcoin ATM

If you are feeling uneasy on the previous method, then why not check out some crypto ATMs. These machines are connected online which lets you insert cash in exchange for cryptocurrrency which is given as paper receipts or moving the money into a public key on blockchain.

Retirement Account

A great number of retirement accounts or IRAs are being managed either by trustees or custodians in behalf of the investors. On the other hand, outside of conventional assets, there are other known opportunities that can be taken advantage of similar to real estate, tax lien certificates, promissory notes, private placement securities, gold and yes, even on Bitcoins as well as other cryptocurrency.

Bitcoin is extremely popular and widely used in today’s time.

Its fame has jumped up from the past few years since it broke out from the market.

Thing is, it’s still not that straightforward to obtain these coins and selling them in exchange for real-world currency may be more difficult.

A Simple Reminder

But if you do understand the content of this article, then you can at least arm yourself with the basic knowledge of cashing out your Bitcoin or whatever cryptocurrency that you own. Just a very quick reminder, be vigilant on the cashing process because there are some machines or frauds. People who are doing these sorts of things are taking advantage of other people’s innocence. So long as you have done your research, you will do just fine in exchanging your coins for money.

Posted by Ness Shantel

Cryptocurrency : What are Altcoins?

Altcoins, which is short for Alternative Coins are the other types of cryptocurrency we can use in the world of decentralized financial transactions. Altcoins were introduced much later after bitcoin, around 2013. Albeit built and working on the same framework by which bitcoins are recorded and transacted, their introduction as alternative cryptocurrency was meant to address discerned limitations of bitcoins, as a medium of exchange outside of financial institutions and regulations.

Hundreds of altcoins arrived, but not all remained or stayed long enough in the cryptocurrency market like Ethereum, Litecoin, Ripple, Dash, Cardano and ZCash, just to name a few. To have an idea if a certain type of alternative coin has chances of achieving growth and stability as a digital currency, it would be best to understand the significance of their respective market capitalization.

What is Cryptocurrency Market Capitalization?

Similar to investing in shares of stocks, the cryptocurrency market capitalization depends on the value per coin and the number of coins circulating in the cryptocurrency market, if more will invest and use a type of altcoin, the greater the market capitalization and potential for growth.

Cryptocurrency Market Capitalization = Price per Coin x Total Supply of Coins in Circulation

Now if there is an increase in the supply of a cryptocurrency, chances are there will also be an increase in the price of the token. Some investors may venture into buying a low-priced, small cap altcoin, which therefore increases the supply in circulation. In exactly the same way, if the supply in circulation decreases, the price per token and the market capitalization also goes down.

The upward or downward trend in market capitalization of an altcoin therefore, indicates whether there is growth or the opposite.

Let us cite Litecoin as example, being one of the most popular altcoins currently in use. This digital currency had a market capitalization of $3.32 billion and price per token of $57.37 in August 2018; denoting that at that time, 58, 207, 830 Litecoins were in circulation.

Now as of this writing (June 13, 2019) Litecoin has a market capitalization of 8.38 billion. The increase of $5.06 billion between August 2018 and June 2019), denotes that there were corresponding increases in the Litecoin supply in circulation during the period. The supply of Litecoin in circulation rose to 62,198,601. As the related demand for Litecoin increased, the price of this altcoin soared to $134.6123 per token.

Litecoin’s popularity and resulting growth is mainly due to its quicker-settlement attribute. As alternative cryptocurrency, a Litecoin transaction can be settled in 2 and ½ minutes, which in contrast to bitcoin takes 10 minutes.

Posted by Madelina Feliks in Cryptocurrency

Top 5 Popular Cryptocurrency

Despite the fact that Ethereum and Bitcoin have nearly dominated the headlines with regards to cryptocurrency investment, still there are roughly 1500 crypto-assets that are in circulation. And believe it or not, this figure keeps piling up as the day passes by.

With the immense popularity that it has today, using these digital currencies to buy and sell goods and services have become possible.

So don’t be surprised if you can use it for paying mortgage on lainaa netistä or when shopping products over the web.

Every cryptocurrency has a minute difference in its function and make-up. This is exactly what we are going to know in this article.

Bitcoin

This has become a household name for cryptocurrency. At the moment, there are more than 16.8 million tokens that are in circulation against the current capped limit of 21 million. Its market capitalization significantly varies on a day to day basis but it hits a record high of over 200 billion dollars.

Bitcoin cash

 

This was first launched in the summer of 2017 which was an offshoot of original Bitcoin. Yet, it was able to climb the sky and become among the hottest and most traded cryptocurrency in the market.

Litecoin

This is otherwise known as little brother of Bitcoin. Litecoin has a strong resemblance with its older sibling. However, this has faster transactional speed and at the same time, with a higher token limit of 84 million. The mining process on the other hand is memory intensive and the market cap is about 1/20th the size of Bitcoin.

Dogecoin

You can easily recognize the image of this cryptocurrency from the dog Shiba Inu which was derived from the “Doge” meme on the internet. It was introduced initially as a parody but it was so hot that it had its own community. At the beginning of 2018, Dogecoin has a market capitalization of 2 billion dollars.

Ethereum

This cryptocurrency has been labeled as a decentralized app provider. It was developed originally as “world computer” super network with the goal of eliminating third-party companies in app creation.

Applications that are made on Ethereum are on distributed public platform wherein miners can get “ether” that fuels the network.

Posted by Ness Shantel

Make Entreprenueral Headway by Venturing into Bitcoin ATM Operations

Bitcoin ATMs are fast becoming in demand in almost all major cities in the world. The U.S. is currently at the forefront, with approximately 60% of all global Bitcoin ATMs, operating in nearly all American regions. At present, New York City is in the lead for having the highest number of Bitcoin ATMs in operation.

Apparently, the world is becoming cryptocurrency friendly, with bitcoin as the most popular virtual currency in use. In fact, cryptocurrency is fast making its way into becoming a mainstream mode of payment, where acceptance of bitcoin in exchange for goods and/or services is now common among enterprises trading in or out of the Internet.

Potential Growth of Bitcoin ATM Operations in Other American States

The rising popularity of cryptocurrencies is actually attributable to its viability as a lucrative form of tradable investment, in view of its fluctuating value.

Although some U.S. cities are seeing only a handful of Bitcoin ATMs in their midst, increase in numbers is possible. The virtual currency machines will prove to be good for the business, particularly in states that have high concentrations of small to medium enterprises (SMEs) accepting bitcoins as payment for products and services. Arizona for one, has great potential for a Bitcoin ATM venture, seeing that the City of Tucson has been experiencing tremendous growth in almost all business sectors.

The only perceivable reason why cryptocurrency investors are taking cautious steps in bringing their Bitcoin ATM to Tucson, is the lack of specific state regulations governing the use and trade of bitcoins. Regulations tend to vary per state, where most statutes include requiring MSBs involved with operating Bitcoin Machines, to have a surety bond in addition to other legal business requirements.

Legal Document Preparation in Tucson – is likely to be complicated and it would be best therefore to employ providers of legal and accounting services. Doing so will eliminate guesswork, and will ensure the processes involved will run smoothly and in order. After all, lack of virtual currency statutes in Arizona, does not necessarily mean prohibition or deregulation, because there are U.S federal laws and regulators governing virtual currency matters.

Federal laws and state laws prevail, unless there is language specifying the prevalence of one over the other.

Overview of Federal Laws Governing Bitcoin

Installing and operating a Bitcoin ATM requires registering the business with the Financial Crimes Enforcement Network, more popularly known as FinCEN. It is a bureau of the U.S. Treasury Department, tasked with collecting and analyzing information related to the financial transactions of a business. That is because, FinCEN’s main directive is to combat threats posed by domestic and foreign money laundering activities, terrorist financing, and other modes of financial crimes.

Section 314(b) USA PATRIOT Act: Financial institutions with the ability to share information with one another, under a safe harbor that offers protections from liability, to best identify and communicate indicators of potential money laundering or terrorist activities.

On a federal level, Bitcoin ATM operators have to register with FinCEN as a Money Services Business or MSB. An MSB for virtual currencies is further sub-classified as an “exchanger.”

FinCEN registration must be completed within 180 days prior to start of operation, to which registration must be renewed every 2 years.

As MSBs, operators of virtual currency ATMs are required to maintain and monitor records of transactions, as well as report particular information related to FinCEN’s task of detecting and preventing money laundering and terrorist financing activities.

Moreover, MSBs must collect and conduct verification of information supplied as identity and background of their respective customers. That being the case, operators are required to develop and implement a ‘know-your-customer” (KYC) method and policies for verification.

Additionally, an MSB has to institute its own anti-money laundering (AML) program comprising 1) Internal Controls and Procedures, 2) a dedicated Compliance Officer, 3) a sound Hiring and Employee Training System and 4) initiative for periodic and on-demand Independent Audits.

Posted by Madelina Feliks in Cryptocurrency, Finance

Is It Smart To Invest In Bitcoins?

Bitcoin is probably the world’s most talked about currency, though it’s still a wonder to many. Let’s change that and cover a quick overview of Bitcoins. Here is all you need to know about Bitcoin before you even start trading them. Bitcoin, like the euro and the dollar, is a currency used to pay for goods and services online. As opposed to traditional currencies, Bitcoin features the following:

  • It follows a decentralized system where no government or central bank has control over the currency source.
    Bitcoin is entirely digital which means there are no physical coins or paper bills to represent bitcoins. Bitcoins are regularly monitored by blockchains which constantly update records that trace the history of each Bitcoin generated.
  • Bitcoins are linked with a wallet ID instead of your own personal details, however, this does not necessarily make it completely anonymous.
  • Bitcoin started in 2008 by Satoshi Nakamoto. This person released a paper speaking about how Bitcoins can potentially work and after a year it began being mined and traded.

People are so fascinated by Bitcoins because there are no middlemen like banks that charge too many fees. Because it prevails fully on the web, transactions are done entirely by the use of wallet IDs contrary to using your personal information.

Bitcoins can be purchased

You can easily purchase bitcoins using cash, credit or debit cards, or through wire transfers. However, before making a purchase, you will want to set up a bitcoin “wallet” from which the wallet ID is based on. This is simply a place to keep your bitcoins, much like your wallet keeps your money, cards, and other personal IDs.

Bitcoins can be mined

Bitcoin mining is much like mining gold online and thus the term mining. The process makes use of bitcoin trading bots such as those found in Pheeva.com. With banknotes, the government makes the decision as to when is it best to print notes and disperse funds, however, Bitcoin does not have any central regulator, that’s why anyone can mine bitcoins online.

Is it wise to invest in Bitcoin?

Be aware that investing some of your savings on Bitcoin is not the same as investing in the stock market. Having bitcoins is not similar to keeping money in banks.

Wall Street does not trade bitcoins and it also cannot be purchased or sold by brokers. So anything and everything is entirely up to you. Because of its irregular nature, Bitcoin is constantly fluctuating in price and occurs more often than other currencies. If you do not like the risk, you should consider a safer investment than Bitcoin. There is also no real value like gold. The value of bitcoin is what people think. Considering this, its value can be a bit daunting.

Seeing that the number of bitcoins is restricted and Bitcoin is no longer going to be generated after 2040, the idea of diving into some investment is a good idea and it could help broaden your portfolio. The future of Bitcoin is bright but bound on a risky path. Sometime soon, the government may purchase Bitcoin to be stockpiled like gold. This can have a lot of negative effects, but it means that the limited bitcoin would surge in demand.

Reminders when investing in Bitcoins

The most wide-spread type of investment in Bitcoins to buy and stick to Bitcoin and hope that it appreciates in value so that you could make a sale. As with all investments, you must not invest more than what you are willing to lose. Bitcoin is still a very dangerous investment. The key thing to consider when purchasing Bitcoins is to purchase only via reputable exchanges.

One more important reminder is to avoid purchasing all Bitcoins in one transaction. Instead, make use of the dollar cost averaging approach to purchasing fixed amounts on a monthly, weekly, or daily basis. This allows you to buy the largest bitcoin when the price goes up, and the least bitcoin when the price goes down.

Posted by Laney Seward in Cryptocurrency

Blockchain: Understanding Its Significance to the Security of Cryptocurrency Transactions

Blockchain may seem a bit confusing when trying to know your way around cryptocurrency transactions. Yet a clearer understanding of its significance, will give you greater confidence when entering into deals that allow or require cryptocurrency payments such as bitcoin.

The term blockchain in its simplest meaning refers to digital information stored in a database of cryptocurrency transactions. That is why other blockchain definitions refer to it as the public ledger, as every block includes a record of the (1) date, (2) time (3) amount transacted, and (4) the username of the the person initiating the bitcoin payment, and of the person or entity who will receive thè specified bitcoin amount.

A blockchain, as the term denotes is something larger than just of a single, linear digital information. It comprises multiple transactions linked or chained together and recorded as if appearing as one page of a physical ledger. A blockchain though does not have a standard size like a ledger page, but it can store as much as 1 MB of data coming from multiple bitcoin transactions.

However, not all information of a digital currency or bitcoin transaction entering the cryptocurrency database, immediately becomes part of the chain comprising a blockchain. Certain conditions must be met before one gets stored as a component of a blockchain.

When Does a Block Become Part of a Blockchain?

A block of digital information becomes legitimate public ledger entry only if it has been verified, conformed and transformed as component of a blockchain.

First off, if you are the sender of a bitcoin payment you must have a private key known only to you. You obtained a private key when you received that bitcoin, also by way of a transaction that went through your cryptocurrency network.

Private Key vs. Public Key Validation

A private key is a specific code that gives you the legitimate ownership and authorization to use, or send that specific bitcoin to a bitcoin peer in the same network. A private key though, gives you legitimate ownership of the bitcoin only if it is compatible with a public key generated by the database. If a private key and the public key do not make a match, then the bitcoin transaction is invalid and will not be broadcasted in the network as a legitimate bitcoin transaction.

Although a private key validates your transaction, digital currency procedures require confirmation by a third party who will attest to the legitimacy of the transaction. This is where bitcoin miners come into the picture, because their job is to make mathematical computations that will confirm or counter-check if such a transaction has indeed transpired within the network.

Confirmation by Bitcoin Miners

Currently, best practices recommend at least 6 confirmations to be regarded as sound guarantee that the broadcasted bitcoin transaction is legitimate. A confirmation is evidenced by a hash produced by way of mathematical computation, making it unique and attributable only to the block representing the bitcoin transaction. Moreover, that same hash will link with the hash of the most recent block that càme in as new addition.

Each block therefore, once appearing in a blockchain will be difficult to alter or modify. Anyone attempting to do so, has to tamper with several unique hash data linked together as codes of a block.

Posted by Madelina Feliks in Cryptocurrency

Cryptocurrency in New Zealand

The blockchain world is always an interesting emergence. New Zealand is very close to all these improvements and developments. Nevertheless, General manager of FintechNZ, James Brown thinks that New Zealand can become the world’s blockchain central because NZ is naturally keen to technology.

Find out what is cryptocurrency here.

The Crypto Blockchain Sector in New Zealand

There are many people who don’t always link the blockchain development to New Zealand. Given the country’s status as a global center for technology development, this is a bit unusual. At this point, the blockchain facade has been fairly calm. That scenario will eventually change, as outlined by FintechNZ’s James Brown. He believes that this developing technology will continue to have a significant influence.

Simultaneously, New Zealand seems to be paying more and more attention to this technology. Currently, startups have demonstrated a strong fascination in this technology. Not long ago, Blockchain Lab NZ drew even more than 410 million New Zealand dollars because of its ICO listing. All this demonstrates very obvious attention in distributed ledgers.

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Furthermore, there will be a handful of interferences in the industry of online rating and reviews. This will be achieved through some of New Zealand’s technology stars. The leaders in the industry are certain that the right way forward is the positive rating and reviews for the blockchain industry. Positive reviews and ratings can bring in added trust while consistently enabling users to keep a particular level of privacy when rendering data.

New Zealand Citizens Are Concerned About Cryptocurrency Bitcoins

Although countries outside New Zealand are enthusiastic about blockchain, there exist very few working products as of today. It takes time to build these new facilities. Simultaneously, the buzz around this concept has been occurring for a while. It’s time to bring actual use instances to market to demonstrate the possibilities of this concept.

Only a few people recognize that Cryptopia is a New Zealand exchange. The system is known primarily for its altcoin transactions and it is regarded as one of many smaller programs. Nevertheless, they currently have almost 1.5 million clients, a remarkable number for the industry. It really is clear that New Zealand ought not to be forgotten when it comes to cryptocurrency and blockchain.

The main issue is the manner that the local government of NZ act in response to these ongoing developments. Thus far, it appears that the government officials stay open on this matter. Blockchain professionals countrywide hope that the federal government will provide assistance to speed up the acceptance of this concept.

Posted by Laney Seward in Cryptocurrency

Cryptocurrency or Digital Currency: How Much Do You Understand and Know About It?

Transacting by way of bitcoins is an undertaking that requires a whole lot of understanding before a person gets the confidence to enter into cryptocurrency transactions.

First off, it is not the same as paying real cash to another party through a bank or via an ewallet to complete an online transaction. Here, a cryptocurrency payer needs to be part of a network of peers or persons agreeing to pay and receive payments by way of cryptocurrency.

What is Cryptocurrency?

Cryptocurrency represents value of money that was paid or received by a peer to another, then entered as a transaction in a database of entries. In order to send cryptocurrency as payment, the payor or sender of the cryptocurrency must be the holder of a private key that validates his or her right to send that amount of cryptocurrency to a peer.

The recipient peer, on the other hand, will receive his own set of codes that will serve as his private key. That set of key will then give him the right to use the cryptocurrency received for his own future cryptocurrency transaction.

Every private key assigned to a transaction that has been entered in the cryptocurrency database must match a public key. Take note that entries in the database cannot be altered or modified unless that particular condition is met. Otherwise, an invalid private key cannot create a valid cryptocurrency transaction.

Presently, the cryptocurrency widely used is the bitcoin. Persons wishing to use cryptocurrency as means of sending payment must first buy a bitcoin value using real money.

How to Buy Bitcoins

The simplest way to buy bitcoins is to buy them from a reputable bitcoin trader that usually deals with bitcoin exchange transactions. Since real money must be paid in order to acquire a sum of bitcoin by way of credit or debit card, a first time buyer must make certain that he is buying from a legitimate site.

Usually a legitimate bitcoin dealer will sell only minimal amounts, e.g. $50 or less. So once a purchase has been made, the transaction enters the cryptocurrency database. The buyer then receives a private key that will allow him to use the bitcoin for whatever purpose it will serve him.

If a bitcoin buyer wishes to store bitcoins, maintaining a bitcoin wallet is advisable. Here, a person can easily keep track of how much bitcoin he owns, as well as determine the actual real money value of his stored bitcoins.

At some point in time, he may also want to sell some of his bitcoins at a higher price than its actual cost in order to gain profit. However, the value by which a bitcoin is sold depends on the current free market exchange rate, which means the current price index that most bitcoin buyers are willing to pay in exchange for real money.

Posted by Madelina Feliks in Cryptocurrency