Do not wait for your customers to ask when you will start accepting cryptocurrencies.
There are many advantages that your business can gain by adding this
These people are extremely likely to tell their friends about a new crypto-friendly merchant they found.
Companies should consider accepting cryptocurrencies in order to not only offer new payment methods to existing customers, but also to acquire new clients from the crypto and blockchain ecosystem. This is a real win-win path to increasing revenue that cannot be ignored.
A simple mention – “We accept Bitcoin” – on your website is guaranteed to get noticed by customers who are looking for the opportunities to pay with
cryptocurrency, not fiat.
“Since we started accepting Bitcoin as a form of payment three months
ago, our sales have jumped whopping 427%,”
Lynx Art Collection team reported last year.
In order to protect people from an additional source of coronavirus infection, the Chinese government decided to disinfect cash with ultraviolet light, and the South Korean authorities quarantined cash and even burned some of the banknotes.
Besides the fact that banknotes have become a kind of old-fashioned payment, most companies have transferred their employees to remote work. Therefore, in self-isolation conditions, consumer habits gradually changed. As a result, most purchases have gone online – the number
of global e-commerce transactions increased by 23% after the rise of the
Microbes found on circulating currency in New York City during the summer period. Credit: doi.org
In the context of the COVID-19 pandemic, cash has become one of the threats to human life and health. According to researchers, a total of 397 bacterial species representing more than 20 bacterial phyla live on the surface of banknotes.
Cryptocurrencies are a separate and very promising type of online payment. Therefore, in this document we will emphasize the main aspects
of connecting digital currencies to your business.
“Since PARSIQ works as a bridge between cryptocurrency payments and traditional business finance, we noticed a new wave of demand for
automation of cryptocurrency-related activity. Therefore, we can assume that businesses consider cryptocurrency a new way to grow profits
and gain new customers,,” says Tom Tirman, Co-Founder of PARSIQ.
Cryptocurrencies are gaining popularity as a means for value exchange and as a method of payment for goods and services. In the US, crypto is not considered legal tender. However, it is fungible, as exchanges are considered to be money transmitters, according to the Financial Crimes Enforcement Network (FinCEN).
This enables businesses to legally accept digital currencies as payment.
In most jurisdictions, cryptocurrency regulation is enforced when it is
exchanged as a security. As a method of payment and in general use, however, such jurisdictions as the European Union,
On the coinmap.org portal you can find a world map with indicated locations of all the stores and ATMs accepting cryptocurrency. According to the site at the time of writing, there were 19,369 such venues around the world.
Pic credit: coinmap.org
Mostly require that utilization be under KYC and AML regulations to ensure that cryptocurrencies are not used for illicit or illegal purposes, such as terrorist financing and money laundering.
Having multiple options for cost reduction, crypto wallets, and exchanges enable businesses to have flexibility in terms of accepting B2C or B2B payments using cryptocurrency.
Here are some options that your business can consider in accepting cryptocurrency payments:
The most straightforward and simplest means to accept crypto payments would be through a payment processor. This partner will basically accept the payment in cryptocurrency and then remit into your business account in fiat currency or other preferred means. Some examples are Dash, BitPay and Coinbase Commerce.
The most direct means to accept crypto payments would be the peer-to-peer
option, wherein you provide your payment address. This will require that you establish a wallet account available on mobile and desktop apps, or even as a physical device.
You can then utilize exchange services to convert your crypto into fiat or even into other cryptocurrencies. Some wallets have convenient built-in exchange functionality so that businesses can quickly convert from one crypto to another, or even to fiat, with minimal hassle.
Another option for accepting cryptocurrency payment is through a PoS solution that accepts digital currencies. As with payment processors, this will also entail the service provider remitting the funds through fiat or other preferred means after the transaction goes through.
As earlier mentioned, most jurisdictions require compliance with KYC and AML regulations, which means businesses will also need to provide such information when establishing accounts for receiving crypto payments.
Transparency in transactions is one way to ensure compliance with such regulations.
This also enhances trust between the parties involved. Instant notifications
provided by PARSIQ’s Smart-Triggers, for example, gives both merchants and customers the assurance of transactions as they are confirmed on the blockchain.
There is no need to manually monitor the progress of such transactions. The platform automates this crypto monitoring, analytics, and notification platform so that your business can focus on what matters–building value for your customers and industry.
Cryptocurrency payments provide unique advantages over traditional digital payment solutions. Businesses can start accepting crypto payments to save time and reduce transaction fees while staying compliant.
Automate your business needs–save hours or manual work using customizable notification services. In just a few clicks, you can specify how and where to accept crypto payments from your customers. No need to manually accept payments each time.
Pic credit: parsiq.net
Existing digital payment options, most notably credit cards, can charge fees up to 3%. This can add up to exorbitant costs for businesses over time. Instead, crypto payments can drastically lower transaction costs, as seen in the case of a cryptocurrency exchange who transacted US$1.26 billion worth of Bitcoin for just US $124.60, or less than 0.00001% of the payment volume. Businesses can automate the processing of payment deposits at scale to save cost over time.
Keep up to date with the latest AML and KYC regulations by making sure you have right compliance measures in place for accepting crypto payments.
Using transaction monitoring services, businesses can monitor payment
transactions at scale to collect and analyze important regulatory information.
Know if incoming payments originate from blacklisted or high-risk addresses, so that your business can take appropriate action
PARSIQ monitoring enables businesses to set up alerts according to amount
thresholds, such as limiting the maximum payment accepted per transaction. When thresholds are triggered, the service notifies you through your connected application with the transaction details, so that you can quickly react with proper compliance measures.
Digital payments have proven to be a necessity in today’s economic climate. According to the World Economic Forum, central banks around the world
are recognizing the viability of digital currency as an alternative to cash, since it reduces physical contact and thus the possibility of spreading the
The global pandemic has led many businesses to close down physical operations and shift toward digital commerce and payments instead. Accepting crypto payments can accelerate your business’ digital transformation, and it will enable businesses of all sizes to quickly recover and even thrive during and after the economic uncertainty resulting from
PARSIQ is a blockchain monitoring and workflow automation platform that serves as a multi-level bridge between blockchains and off-chain applications.
PARSIQ’s features automate the blockchain analytics and monitoring
process, providing customizable workflows with real-time intelligence.
People behind PARSIQ are experienced and highly qualified industry professionals that are passionate about blockchain technology. Our ultimate goal is to push forward the mass adoption of blockchain technology by providing the necessary solutions. We want to give everyone the ability to understand and manipulate blockchain data streams.
With PARSIQ, we are making it easier to integrate blockchain infrastructures into existing businesses with an additional layer of monitoring and automation for blockchain-specific asset management.
Details on solutions provided by PARSIQ can be found here.
Artificial Intelligence (AI) is the process of enabling machines to think and act like humans by integrating human intelligence in machines. It also involves the study of benefits & applications of machine intelligence in the real world.
Many experts believe that AI could effectively disrupt the crypto trading industry by providing traders with actionable data based on a thorough and automated analysis of the historical trading records. These data can help closely predict the outcomes of future trade events.
Cryptocurrency trading is now a fully-fledged activity, followed by thousands, if not millions, of traders worldwide. All these traders are constantly looking for ways to improve their trading abilities and acquire better resources in order to increase the profits from crypto trading.
If you are one of these traders and wondering whether and how AI can revolutionize the crypto trading industry, this article is all you need right now.
For almost a decade now, organisations have been experimenting with the use of AI for crypto and digital trading.
AI, when integrated into traditional trading systems, can effectively automate the tasks such as data management, reporting and analysis. It can also use past data and trends to predict future trading trends and even results.
AI in integration with machine learning can even be programmed to learn new things from the available data and adapt itself to modern trends. This is particularly useful in data-driven industries like asset trading.
Artificial Intelligence learns new things based on data with the help of neural networks. Neural Networks are like connections within an AI-based system that enable the system to learn to perform a task by seeing/following an existing example. This removes the need to program the system and enables it to adapt to dynamic situations.
Neural Network is a term inspired by the neural networks in the human brain to suggest that these artificial networks work more or less the same way. Just like the human brain that can learn new things or tasks by seeing, neural networks in AI can also learn to perform a new task based on the information/data fed to them.
In the crypto trading space, neural networks can theoretically enable AI to develop & implement its own trading strategies by reading & analysing the available data to drive even more successful trade results.
Recommended Post : How AI will Influence the Travel Industry in 2020 and Beyond
In any kind of trading, automated bots or AI has an obvious edge over humans.
Humans take trading decisions based on emotions. Such decisions may be impulsive and taken in haste. On the other hand, AI makes trading decisions through proper calculation and in an automated manner.
Human-based trading works on a fixed schedule, and not round the clock. The crypto trading market using AI, on the other hand, can be open 24/7, which is certainly a more profitable option.
Since AI takes decisions automatically and based on data, it’s much faster than humans, who may tend to overthink things rather than acting on time.
Traditionally, the use of computers in trading has been limited. It’s because we always believe that nothing can replace human intelligence and emotions in a trading decision. And most of the time, we are even true. But who says that AI cannot make it better.
One of the reasons why human-based trading has always been able to give only limited profits is our very basic nature of making errors and also the humans’ need to sleep. Because we are driven by our emotions and have limited attention span, many times our decisions do not bring the results we want. And as I said above, humans, unlike machines or AI, cannot work 24/7 and need to sleep.
AI, on the other hand, can handle everything automatically, has zero probability of errors, does not need sleep and can even learn to grow itself. So, it’s obviously a better trading mechanism compared to humans.
Now, many people confuse AI trading with bot (robot) based trading. But, these are two different things. Let’s see how.
Bots are software programs that can be designed to do specific things. In the crypto trading industry, bots are used to automatically process trades based on the available data or trends.
Bots are only capable of automating a process based on the underlying instructions or program, but they do not have their own thinking capability and cannot adapt themselves to dynamic or changing market conditions.
AI, on the other hand, can automate a task as well as adapt itself based on the changing trends to achieve better results. Basically, it is designed to learn and adapt.
Since bots have limited learning capabilities, they are inferior to artificial intelligence and/or machine learning when it comes to learning & adapting themselves based on market trends.
If you are wondering where you can see the real example/s of a crypto trading platform that uses artificial intelligence to analyse and improve the end results, check out the Cowrium project.
Cowrium is a blockchain platform that consists of multiple projects or solutions based on real-world problems. For instance, they are building a system called the Cowrie Stability AI, which uses artificial intelligence neural networks to predict the market and suggest a solution based on the analysis of the previous trading data.
The idea is to enable traders to come up with a foreseeable solution through the deep analysis of available data. Thanks to the integration of ML and Neural Networks, the system can also adapt itself to suggest better solutions based on the market trends.
The Cowrie Stability AI system is still in the testing phase, and the real market scope and usability will only be known after the official launch (probably later this year).
There are a number of other companies that are experimenting with the use of AI and machine learning in crypto trading. The best examples include RoninAI (An AI-driven trading platform that delivers trading signals based on analysis of market trends), AiTrader.Ai, and AutoNIO.
But, as I said, most of these projects are under development or testing, and more about the actual impacts of AI on crypto trading will only be known in the coming future. Till then, let’s keep trading with the available tools and options.
Many people heard about bitcoin and its numerous advantages compared to traditional currency. However, what if it can bring even more benefits? Check out the article to find out!
Back when Satoshi Nakamoto started working on bitcoin, one of the challenges in designing the cryptocurrency came from choosing the signature scheme. Satoshi wanted a widely-used, understood, lightweight, and secure algorithm. Another important requirement was being available as open-source, so he went for the ECDSA — Elliptic Curve Digital Signature Algorithm. It was more or less a set of encryption tools designed to improve the privacy of online communications. The ECDSA was also very secure, providing bitcoin money with safety without making the entire algorithm too big.
Ever since bitcoin was launched, the Elliptic Curve used for the cryptocurrency was improved, and we enjoy better bitcoin privacy and smoother bitcoin transaction speed. However, some new technologies emerged that might make the ECDSA obsolete, no matter how much we work to improve it. You guessed it, the new signature to increase efficiency, privacy, and transparency of bitcoin transactions is the Schnorr Digital Signature. So, no matter if you’re just using it to deposit at your favorite casino ohne einzahlung or you want to learn more about how bitcoin can be improved and what are the implications of this process, this article is for you.
We’ve already presented the Schnorr signature as an improvement of the currently-used ECDSA algorithm for bitcoin technology. However, this signature scheme is not exactly what you can call “new.” Actually, it was developed in the 1980s by Claus-Peter Schnorr and a team of professors at the University of Frankfurt. Heavily defended with patents, the Schnorr signature couldn’t be used until 2008. Interestingly enough, this is also the year bitcoin was launched. However, it could be that Satoshi Nakamoto didn’t choose to use Schnorr from the beginning because it hadn’t been that widely used or popular to cryptographers.
This isn’t the first time of the Schnorr signature being utilized in bitcoin technology. The first idea appeared in 2014 when Pieter Wuille came up with the Schnorr BIP. The main benefits of implementing Schnorr in bitcoin cover and are not limited to:
On top of these proven benefits, other possible improvements can come out. For example, the added computational power can mean faster block validation. Also, being able to aggregate multiple keys opens up an entirely new horizon for making bitcoin support even better.
It is clear that Schnorr signatures have the potential to significantly improve a bitcoin contract and the way the cryptocurrency can be used in our everyday lives. We’re curious to find out how many of our readers are open to a possible upgrade of bitcoin through Schnorr signatures. Feel free to use the comments section to share your point of view. The more we discuss it, the better we can understand all the implications of such transformations.
The ability of AI and machine learning to revolutionize the way we trade has always been a matter of research. But now as we have entered the crypto era and started trading digital currencies, the significance of AI in trading is more than ever.
Amongst the projects and experiments being run worldwide regarding the applications of AI in crypto trading, some have proven to be very revealing about the ways AI can help improve the overall trading industry, especially the way crypto trading works.
If experts are to be believed, AI can bring a number of advantages to crypto trading, including the deeper analysis of historical data, use of advanced algorithms for making predictions based on research, studying the market for changes, among other things.
Besides these, here are some other major ways in which AI is disrupting the future of cryptocurrency trading.
The use of computers in the trading market is not new. However, in the past couple of years, the percentage of trading through computer algorithms has drastically increased to more than 50%.
This is even more common in the trading of cryptocurrencies, as everything else is digital, so no one wants to trade manually any longer.
It is obvious that trading through AI-based, smart algorithms is faster and more efficient compared to human-based trading and results in fast-decision making, which is crucial for the cryptocurrency trading sector.
The use of advanced technologies such as artificial intelligence and machine learning for analysing the market data, past trends and trades and providing actionable insights for future predictions is now more common than ever.
Projects like Cowrium (Stability AI) are doing amazing things in this area by providing traders with easy and actionable investment advice based on the study and analysis of historical market data, trends, etc. for fast decision making.
The amount of digital data is now in zettabytes, which means we have more digital data than we can ever store or use or parse through by natural means.
AI is probably the only technology available to humans that can not only filter through these vast amounts of data but also help us understand and make use of it in a way that makes sense. If not for AI, it would have been too complex to understand this data, let alone make any useful financial/trading decisions based on it.
There are a number of trading markets, including some crypto trading platforms, that are already using AI and machine learning for help with the overall decision-making process.
Research reveals that AI hedge funds deliver better performance over a period as compared to traditional and manual funds.
There are a number of businesses that are making use of AI in the hedge fund market for analysing the trends and providing better insights for decision making. While some of these fund managers are only using partial features of AI, others have gone full-AI for trading as well risk-management in their funds.
According to a study that involved the use of Artificial Neural Networks for analysing the performance of various markets and identifying those with weak performance, the use of AI in the investment strategy can drastically improve the efficiency and results.
The said study involved testing of the applications of neural networks for analysing the historical market data and predicting the future returns and rates based on the findings. The study was immensely successful, as the use of neural networks helped generate predictions for the future year based on the data of the previous some years. And the produced results were even better than the average results of buy-and-hold portfolios.
For some years now, AI and machine learning are being used by organizations worldwide for studying market irregularities and changes such as acquisitions that are yet to happen and other things that may somehow manipulate the market.
A reputable asset management company reportedly used sophisticated genetic machine-learning systems based on AI to predict a number of acquisitions before they were even published, thus making significantly higher returns. AI algorithms reportedly tracked insider trading signals that enabled them to predict these acquisitions.
By being able to identify irregularities, crypto fund managers all around the world can better estimate market manipulations such as upcoming acquisitions and adjust their portfolios accordingly. Projects like RoninAi are successfully using AI algorithms to predict cryptocurrency market manipulations based on changes in social sentiment indicators.
Multiple studies suggested that artificial intelligence algorithms are able to assist with profitable investment decision-making not just in normal times but also they perform well at times of financial disorders.
The organization that was a part of this study managed to make significant profits with the use of AI algorithms, of which most profits were made during the times of financial trouble. This indicates that neural networks are able to provide significant insights even when the market is not doing so well.
Even though the study was performed in standard cases on traditional funds, the same results are expected for digital currencies and funds as well. The use of AI neural networks can significantly assist the whole decision-making process in crypto trading and investment.
As we are moving ahead in a world that is largely dominated by competition and increasing demand for resources, understanding and making use of advanced technologies like blockchain and AI can immensely help with our goals of a better, richer world.
AI is a machine intelligence technology that can develop its own intelligence based on the data and information that is fed to it. This type of intelligence can be widely used in not just the finance world but in a range of industries, including crypto trading, for being able to make profitable market predictions and decisions based on actionable insights generated through in-depth study and analysis of the past trends.
We are extremely overwhelmed by the community that has showed their growing interest in the BTCC project in the past few weeks. The unstoppable member list in our Telegram has reached to 1000+ members in very short span and still growing. Dedicated followers have also connected us on Facebook and Twitter, 500+ followers there.
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BtcCredit is an all-in-one decentralized wallet that gives complete control of Blockchain assets including hold, exchange, lend, borrow, invest, and stake. The decentralized next-gen banking ecosystem is powered by a decentralized multi-currency wallet, p2p lending, and p2p Exchange capabilities.
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In this blog, I will teach you how you can buy cryptocurrency with a bank card using Coinbase, CEX, Coinmama, Changelly, Bitpanda, and other platforms.
Why should buying and selling crypto be harder than buying a cup of coffee? For a long time buying cryptos was a tricky thing to do. Unless you were very computer-savvy.
But now we have more options than ever when we want to buy cryptos easily. And using a bank card is now possible at plenty of good crypto platforms. Buying cryptos with a bank card makes it easier than ever.
Let us explore the best crypto platforms for buying cryptos safely and easily.
According to us and the crypto community, these are some of the most popular and used options for buying cryptos easily with your bank card.
Coinbase is one of the most well–known brands for people to easily buy and sell cryptos. And of course buying cryptocurrencies with your bank card (debit card or credit card) is possible at Coinbase.
Coinbase of course deserves to be on this list. Coinbase have made it possible for people to buy and sell crypto easily for years. And is one of the biggest crypto exchange platforms in the world. Why are they so popular? Because they have made it so easy for beginners to buy cryptos with little effort. And using a bank card like a credit or debit card is included.
Head on over to www.coinbase.com to get started. You need an account with Coinbase to buy and sell cryptos there. If you don’t have one, then get started registering a new account. You need to have an ID ready and your bank card that you will link to your account. You can also buy cryptos using a range of payment methods at Coinbase. Use this link to get $10 for free when starting out with Coinbase.
Fees for buying at Coinbase with a bank card is 3.99% of the transaction.
Last on this list but not least, is www.cex.io. Where more than 3 million people have joined to buy cryptos easily. Using a bank card is definitely possible at CEX.
To get started you need an account, which takes just a few minutes to get going. At CEX you can buy a range of coins, such as Bitcoin, Ether, Zcash, Dash and Bitcoin Cash. You can buy using a bank card (debit and credit card) or via a bank transfer. CEX established in 2013 and have since become one of the most popular options for buying and selling cryptos easily.
The fees to buy cryptos using a bank card at CEX.IO is 2.99% using a bank card.
Third on the list Coinmama.
Coinmama no different than the other on this list. Buying cryptos with a bank card is easy and something you can do in just a few minutes.
Head over to www.coinmama.com and there you can a few banners on the site advertising how to buy cryptocurrencies using your card. You can see there how much in crypto you would get for lets say €100, €500, €1000, or your own chosen amount.
To get started using Coinmama you need an account. But setting one up takes just a few minutes. And it is a similar process as for all other options on this list.
Buying cryptos using Coinmama is very easy, and when you have an account ready you just need your bank card ready to get started. Remember you need a wallet to send your funds to.
The fees for buying cryptocurrencies with your bank card at Coinmama is 5.90%.
First out in this list is the popular option of Changelly.
Changelly has grown to become a commonly used option for crypto investors looking to buy cryptos easily. But also swap them for another coin with little effort. And of course buying crypto with a bank card is something you can do at Changelly.
To get started go to www.changelly.com and then click on on ‘Buy crypto with a bank card’.
After that you decide which crypto you want to buy. And before you complete the purchase it is important to note that you need to have a wallet ready to send your funds to. But don’t worry creating a crypto wallet is easy. Check this guide to learn more.
Now if you want to buy Bitcoin you need a Bitcoin wallet, Ether then an Ethereum wallet, etc.
Select the cryptocurrency, and what amount you want to buy for.
fees at Changelly are:
Changelly fee 5% and Simplex fee 5% (min $10).
Number two on this list is Bitpanda. Bitpanda has since their launch grown very quickly. And is now one of the more commonly used options for Europeans who are looking to buy cryptos easily. At Bitpanda you can buy cryptocurrencies easily using a bank card amongst other payment methods
Head over to www.bitpanda.com and get started if you already have an account. Otherwise register one which only takes a few minutes. When you have an account ready you can get started buying cryptos with a bank card. And you can buy a range of exciting altcoins, such as: IOTA, Bitcoin Cash, Litecoin, EOS, OmiseGO, NEO and more.
You can of course buy the big guns Bitcoin and Ethereum at Bitpanda too.
Right now Bitpanda is only available for EU citizens. Bitpanda accept a range of direct purchases from fiat currencies like USD, EUR, GBP, CHF
The fees for buying cryptos with a bank card at Bitpanda is 1.49% so that’s very cheap comparing to other options on this list.
The popular, UK-based cryptocurrency exchange has been helping people exchange digital currencies since 2014.
More specifically, Paybis is known for its support of multiple payment methods, including credit/debit cards, bank transfers, and e-money services.
The platform also offers the possibility to buy and sell Bitcoin anonymously, using payment methods such as Advanced Cash and Payeer.
Finally, what we like about this platform the most is its responsiveness. A multilingual support team is online at all times to help users with their questions, and if ID verification is necessary it only takes 5 minutes to complete.
Fees start at 1,5% per transaction and highly depend on the payment method used.
We hope that this guide on buying cryptos using a bank card was helpful. To help you understand even better how cryptos work have we decided to answer some of the more common questions asked by beginners when entering the crypto space.
A common confusion is if you have to buy a whole Bitcoin, Ethereum or other cryptocurrency? Which you don’t have to in the world of crypto. You can buy crypto in fractions, so you don’t have to buy one whole Bitcoin.
Another common concern that crypto traders and holders eventually learns about or hears from a more experienced crypto trader, is that you need to be your own bank for crypto.
This means that high emphasis is placed on making sure you are storing your cryptos safely, like how your bank stores your fiat currencies.
This is because many cryptocurrency exchanges today are still less secure. So there are greater risks involved. Another reasons is that not every exchange or trading platform have made it possible for you to store your cryptos there. Like for Coinmama, Changelly and Bitpanda.
Buying and selling cryptos should be as easy as buying a cup of coffee these days. So with more options like these five crypto platforms the better. For a long time, it was too difficult to buy and sell cryptos. The fees at these platforms might be a bit higher than at other exchanges. But for the ease of use and simplicity then it might be worth it.
I use these platforms from time to time myself because I just want to buy cryptos quickly. Otherwise, it can take a few days when transferring funds from your bank account. And if you want to buy cryptos quickly to make use of how the market moves then buying with a bank card is a great option to get in quickly.
If you are new to crypto and want to find more helpful guides on getting started then we recommend you reading this guide for best crypto starting tips and if you want to find more platforms to buy cryptos at then read this guide.
Per Englund, founder of crypto site Go CryptoWise
Ever since its launch earlier this year, Titan Coin has been in the buzz both among the investors and common people alike. While a large number of people have already invested in the coin and are now successfully trading it via multiple exchanges, many others are still wary of the risks involved with investing in a new coin.
To help investors with the risk factor of Titan coin, the dev team had recently released detailed research on why Titan coin is secure for investors and has minimum risk involved.
Now, to further ease the job of investors, we would like to tell you that Titan Coin is continually receiving positive reviews from the crypto industry leaders.
If you take a look at the official Bitcointalk thread of Titan coin (https://bitcointalk.org/index.php?topic=5127407.0), you’ll find that many investors are not only appreciating the coin but also showing their interest in becoming a part of it.
Here are some examples. Here’s what some of the Bitcointalk experts have to say about the Titan coin.
“The Features of Titan Projects are amazing and everything looks Good if all this can be work on this will make Titan Projects to be Great Project especially for Upcoming App this will change history in Cryptocurrency” – Ayomayowa247
“I see many prospects in this project. it
causes me interest.
I got acquainted with a blank paper overview. it looks pretty clever and structured. the team members are well-known specialists. it will be implemented in a decent manner.” – Mariia_BT
“If All This Plan Go In Place as they plan Titan Projects will be among the best projects in crypto World. Let the Team keep Working on there plan So to bring Best Results We are always there to Support this project.” – Ayushadex
As you can see, most of the people are impressed with the performance of the Titan coin so far and want to invest in the project. Many others have also been asking questions about the future plans of Titan projects. So, here’s a brief of the same.
Titan projects will soon release the second version of their whitepaper, explaining the various details of the coin scope and problem-solving solutions that the project is planning to launch.
The Titan dev team is presently working on developing various mobile applications. The first mobile app of Titan named T-21 will be released shortly. It is an online dating app where people can meet and socialize in a very secure manner.
Titan projects will be developing & releasing multiple other apps, including a fantasy sports game app and a family security app later on.
The staking of Titan coin is ongoing. More new
coins are being generated every minute. The coin is in POS mode currently. As
of now, nearly 18% of the total Titan coins are being circulated.
People are both trading and staking the titan coin.
Besides listing the coin on multiple third-party exchange platforms, Titan projects will also soon launch their own mainstream exchange, which will allow users to buy and sell cryptocurrencies using bank accounts for payments.
To know more about the Titan coin’s popularity and future plans, kindly visit https://titanprojects.co/
Libra is a cryptocurrency developed on blockchain technology. It is launched by the most popular social media giant Facebook. The main motto behind shaping Libra is to empower millions of unbanked and under banked people by giving them equal financial opportunities and to bring everyone on to a single financial platform.
Libra, will help you in faster and quicker transactions, one can experience the lightning transaction with minimal or no charges. You can sit in your home and transfer money to another person who is in the other part of the world. And to this, all you need is a mobile with data connectivity.
Libra is developed on Blockchain technology, it is a decentralized programmable database that helps in backing the more stable currency, that will have the capability to become the medium of exchange for transacting money to millions of people around the world.
Libra is an independent association, it is a non-profit organization running with a vision to provide basic financial infrastructure and global currency to emancipate millions of people. Libra Association is formed by the compilation of validator nodes, mostly they are academic entities, international corporations, and social impact partners.
The Libra Blockchain is an assigned system that supervises exchange and ownership of Libra. In the process of transacting Libra, there is a slight chance of attacks on the system and here Blockchain helps in defending attacks using LibraBFT.
A perfectly developed and secured software is a must to protect the Libra Blockchain. A new programming language called MOVE is used in Libra. It is a safe and reliable programming language for Libra Blockchain. It is a sensible bytecode language used to implement smart transactions and smart contracts.
Libra is definitely a game changer in the field of cryptocurrency as it is backed by a stable reserve, there is no need of worrying about the fluctuations in the value of the Libra.
Latest Update 2020 : The Supreme Court of India has ruled out that RBI’s circular placing a banking ban on cryptocurrencies is illegal and will be removed in march 2020.
Cryptocurrency exchange regulations in India have grown increasingly harsh.
While technically legal, in April 2018 the Reserve Bank of India banned banks and any regulated financial institutions from “dealing with or settling virtual currencies”.
The sweeping regulation prohibited trade of cryptocurrencies on domestic exchanges – and gave existing exchanges until 6 July 2018 to wind down.
India has a number of laws that currently apply to cryptocurrency. A new Cambridge University report explains some of these laws. We have taken notes from the report and simplified it for you. Hope it will clarify your cryptocurrency knowledge and its operation.
While the Indian Government is working on drafting the legal framework specifically for cryptocurrency, several existing laws apply to crypto assets in addition to the infamous RBI circular that prohibits all regulated entities from providing services to crypto businesses.
For cryptocurrencies that are deemed securities, Securities Contracts Act 1956 may apply.
However, the report states that “Currently, there is regulatory uncertainty regarding applicability” of this law to tokens but some “may fall within its remit if, inter alia, they are issued by an identifiable issuer and backed by the underlying assets of the issuer.”
The regulations under the Companies Act, 2013 and rules will be applicable on all token types cryptocurrency. On of the author of the report explained in detail, “These are primarily the Companies (Acceptance of Deposits) Rules, 2014 (Deposits Rules) which specify when the receipt of money, by way of deposit or loan or in any other form, by a company would be termed a deposit, and also provides certain exemptions from its applicability.”
“Payment tokens may also be subject to the Payments and Settlements Systems Act 2007 (PSSA). The Cambridge report claims that there is nothing in this act “to exclude virtual currency, since only the term payment is referred to, as opposed to currency, legal tender or money.”
“Therefore, if a cryptocurrency activity “were to constitute a ‘payment system’ or other regulated activity, the issuer would need payment system authorisation from the RBI under PSSA and would require compliance with KYC/AML norms.”
The use of cryptocurrencies may further fall under the Prevention of Money Laundering Act 2002 (PMLA), which carries statutory penalties of up to 10 years imprisonment.
However, the report clarifies that it is unclear whether the reporting obligations prescribed under Chapter IV of the PMLA extend to wallet operators, crypto asset exchanges or third-party bitcoin services.
It added, “A majority of crypto asset trading platforms are self-regulatory and follow extensive KYC/AML norms.”
There is also the Banning of Unregulated Deposit Schemes Bill 2018 which has been tabled in Parliament. It proposes to prohibit all unregulated deposits which could apply to initial coin offerings (ICOs).
The author explained that the bill “provides a schedule of regulated deposit schemes, and all unregulated deposit schemes are prohibited.”
Additionally, “The term deposit includes ‘an amount of money received by way of an advance or loan or in any other form, by any deposit taker with a promise to return whether after a specified period or otherwise, either in cash or in kind or in the form of a specified service, with or without any benefit in the form of interest, bonus, profit or in any other form, but doesn’t includecertain enumerated categories”
He elaborated, “An ICO might be regarded as an ‘unregulated deposit scheme.’ So, virtual currency token issuers would need to ensure, in order to be outside the purview of the Ordinance, that (A) the scheme is regulated and/or (B) there should be no liability of returning any money received.”
He added that this bill “was passed in the Lok Sabha (House of Commons) on Feb 13, 2019 but will lapse in the House of Representatives (Rajya Sabha) after the dissolution of the Lok Sabha due to elections in May this year.”
He further remarked, “Ordinances are usually required to be approved by the Parliament within 6 weeks or they lapse, in this case, no official confirmation about its approval by the Parliament has been made yet. Considering the elections, I am sure the 2019 Ordinance would take another few months (at least) to be made into a law.”
Hope our interpretation and explanations be some help to you.
To be honest, there hasn’t been any coin which has come close to the success and popularity of bitcoin. The success of bitcoin was like a dream which no one saw coming.
In the 10 years since its creation, the price of bitcoin increased from $0.000763 per BTC in 2009 to $19,783.06 per BTC in December 2017.
In other words, someone who had invested in buying 1 bitcoin in 2009 became multi-millionaire in 2017.
So, what I am trying to say here is that what happened with blockchain was an unrealistic thing and is not likely to happen again. But that doesn’t mean that no other coin will ever be able to repeat the success of bitcoin.
In fact, there are some highly potential cryptocurrencies in the market which are as prominent as BTC, if not more.
Let’s find out about some of the altcoins that are worth your investment and can make you rich.
The Bitica Coin is a digital cryptocurrency which was created in 2018 by a startup based in Estonia. BDCC is a so far the best and the closest alternative to the bitcoin, in that it offers the same functionality and features as bitcoin along with the benefits of a utility token.
In addition to being used as a payment processing system, the Bitica coin can also be used in a number of applications on the Bitica’s own network of services including merchant service, social network and business network.
Litecoin, which was launched in 2011, proved itself a worthy opponent to the success of bitcoin. It was, at the time, called silver to bitcoin’s gold.
LTC rose to popularity very soon and became one of the most trading digital currencies of its time. It follows the same concept of a global, public payment network which is decentralized and PoW based.
DASH was originally launched as darkcoin to represent the dark side of bitcoin.
It was launched in 2014 and operates on a decentralized mastercode network which is even more secure and anonymous than bitcoin’s network.
The best thing about DASH is that it can facilitate nearly untraceable transactions.
ETH is certainly one of the best altcoins for trading purpose.
The best thing about the Ethereum network is that it extended the application of the blockchain technology by enabling other crucial features like Smart Contracts and Decentralized Apps based on blockchain.
Ethereum is what made blockchain distinct from the bitcoin.
Ripple was founded in 2012 as a global, real-time payment network which can be used for performing instant, low-cost cross-border transactions.
The major difference between Ripple and most other altcoins is that this one doesn’t require mining.
Bitcoin cash (BCH) was a product of discussions and arguments over bitcoin’s scalability. It was created mainly with the purpose to overcome the issues that limit bitcoin.
For instance, the block size in BCH is 8 MB, as opposed to BTC’s block size limit of 1 MB.