SimpleFX Review

SimpleFX is an online trading company based in Kingstown, Saint Vincent and the Grenadines.The system is not concentrated on any specific market, but it runs under the legislation of the United Kingdom.

It is a robust online trading provider, offering trading with Forex CFDs on Bitcoins, Litecoins, indices, precious metals and electricity. It is among the top trading platforms for cryptocurrency users as it features a total of 60 currency pairs.

Establishing an account is very easy, you can either enroll through social login or with an email address. SimpleFX understands the demand for anonymity and enables allow fully anonymous trading for Bitcoin. The company provides for special accounts called Specific Bitcoin Account. These accounts provide users with specific exemptions, like a zero deposit feature, as well as zero cost for withdrawals and deposits, leverage out of 1:2 to 1:500 and a 24/7 open marketplace, in addition to complete anonymity.

SimpleFX is a good choice for short-term cryptocurrency investors, needing to take advantage of the market volatility, with no need to confirm their identity or pay any fees. Long-term places are billed usurious swap prices, making it unviable for any serious trading.

There are various features like market news, opinion data and an assortment of tools for specialized analysis along with a chat for community support by which dealers can meet and follow each other, which the platform offers to help traders make better trading decisions. There are many other professional features available at SimpleFX including margin trading, leveraging, stop loss.

Security comes in various levels. 2FA may be configured to include another layer of protection to client accounts. Bitcoin funds are stored in cold pockets, with more than 10 percent of their total BTC held by SimpleFX within their wallet at any time. SimpleFX lets traders have a completely free hand by allowing them to add any particular tool to their favorites. It also supports them farther by making available all the appropriate info regarding CFD or currency pairs, including swap rates if applicable, contract sizes, margin requirements and much more.

As bitcoiners use forex market to protect themselves from bitcoin volatility, there are many forex brokers that deal from cryptos. Nevertheless, it has been SimpleFX‘s specialist trading environment and the largest leverage option available on the market, which makes it the primary option for the majority of the traders dealing in cryptocurrency.

Hodly Review

Hodly is a new cryptocurrency wallet, which is owned by IQ Option, a reputable binary options and forex broker, which is regulated by the Cyprus Securities and Exchange Commission (CySEC). This brings a lot of credibility to the project.

The user interface at Hodly is very simple and attractive to newcomers, and huge emphasis is placed on the convenience of their mobile app.

Hodly offers two-factor-authentication (2FA) and cold storage for security measures. 2FA means you can link your account with your smartphone, and a manual verification will be required. Cold storage means a majority of the users’ coins will be held in offline wallets, which makes them more difficult to access in case of a hack.

The multiple payment options and currencies (both fiat and digital) of Hodly looks very attractive. It currently accepts deposits via Credit Card, Skrill, Netteler and Webmoney, while most companies only either support credit cards or bank transfers (or only offer crypto-to-crypto trading). Furtthermore EUR, USD, GBP, RUB are the fiat currencies that can be stored in your account.

Hodly will probably continue integrating more and more altcoins. At the moment the supported ones are BTC, ETH, XRP, BCH, LTC, ETC, BTG, ZEC, OMG, NEO, OTN, XLM, TRX, DASH and QTUM.

The minimum transaction is 10 dollars. Basically everybody can buy a real portion of a Bitcoin.

Hodly is not a place where you can speculate with Bitcoin. It is where you HODL your long term investments. In case you are looking for a short term trading solution, some forex brokers (like IQ Option themselves) also provide crpto.

Spectrocoin Review

Spectrocoin is an all-in service provider for bitcoin and altcoin users and investors. In addition to its function as a bitcoin wallet they also offer exchange services, a real plastic bitcoin debit card and a solution for bitcoin business owners to accept payment methods in their daily business activities. Spectrocoin combines technological reliability and a robust infrastructure to offer high quality bitcoin services to its customers.

About Spectrocoin
Spectrocoin, based in England, was founded in 2013. The company is headquartered at the Landsdowne Row in London, a prestigious address and not a virtual office. Since May 2015 they have started issuing bitcoin debit cards.

Although it is not possible to find out the two who can be the actual owners of Spectrocoin via the website, it can be found via LinkedIn that the bitcoin service provider has three owners, all three programmers from Lithuania.

Before Vyautas founded Karalevicus Spectrocoin he had several jobs as a financial analyst in the industry. Justas Dobilauskas is the Chief Technology Officer at the startup company and has more than 6 years experience as a software developer for web design companies. The third owner is Mantas Mockevicius who holds various degrees in international business (Master Business Administration etc.)

Spectrocoin services
Spectrocoin offers all kinds of services for anyone who wants to use bitcoin worldwide. They have a bitcoin e-wallet that can be directly upgraded with bitcoins purchased on their own exchange. The bitcoin debit card makes spending your bitcoins as easy as Euros, Dollar and British Pounds. The company also offers solutions for companies to accept bitcoin as a valid payment method. Besides, Spectrocoin offers an API, eCommerce plugins and the like for webshop and website owners.

The bitcoin debit card can be charged directly with bitcoin, Euros, Dollars, British Pounds or gold, so you do not first have to trade one currency for the other. The Visa plastic debit card can then be used at any ATM worldwide. The pass comes in three variants: USD, EUR and GBP. The plastic card and the virtual card can be used with any website and webshop that accept Visa. Business owners can also accept bitcoin payments and withdraw their monies with the card or transfer to a bank account via a credit card deposit. If you as a company really want to go 2.0, you can order a number of customized (so with company logo and all) Spectrocoin fit for internal and external use.

The Spectrocoin pass, unlike most other bitcoin debit cards, can be sent to almost every country in the world, including India and China and is also available to residents of the United States. Normal sending is free and you have the card within 3 weeks. If you need the card urgently, you can choose the expedited shipping option for an amount of 69 Euro. In this case you will receive the card within 4 to 5 days.

Spectrocoin also has a smartphone app, so you always have your crypto business on. The Spectrocoin wallet is available in Google Play, App Store and in the Windows Store. The service comes with two factor authorization (2FA) to log in. The verification process is well described on the Spectrocoin website. To verify your account completely, you must mail a copy of your passport or ID card to the company. Do not you want this? No problem, you can still use the services and the pass, only with lower limits.

You can charge the Spectrocoin card with a maximum of 10,000 Dollars at a time. Spectroin allows 2 ATM withdrawals per day, with a total amount of 2000 Dollars. There is no limit to spend in shops, restaurants and hotels. If you have fully verified your account, you can even put Paypal money on the card and vice versa. You can also use the card on casino and stock websites as deposit method.

If you prefer to remain anonymous, you can still use the services of Spectrocoin as mentioned above, however with some limitations. Unverified users can put a maximum of 2500 Dollars on the card, withdraw 200 Dollars at a time, with a maximum of 400 Dollars per day. The withdrawal limit at the ATM is from unverified users at 1000 Dollar. You can, however, spend unlimited amounts in shops, restaurants and hotels with the card.

The spectrocoin plastic bitcoin debit card costs 8 Euro to order and you pay 50 cents per virtual card. A monthly service fee of 1 Dollar per card will be charged. This amount will not be charged if your balance is 0, so there is no inactivity fee. If you put money on your card this is free if it comes from a Spectrocoin account. If not, it is used in the method. Bank deposits are free but credit card deposits are somewhat more expensive, up to 5%. If the card is emptied at a bitcoin address it costs 0.5% with a minimum of 1 Euro. So you can better empty your card at once if you want to do this, instead of doing several smaller transactions.

Recording with the spectrocoin pass is reasonably priced, compared with Neteller for example. Where Neteller asks 4 Euro per withdrawal, spectrocoin asks 2.50 Euro in Europe and 3.50 Euro outside Europe. There is also a 3% exchange rate fee if you want to make the payment in another currency. Always choose the card (Euro, Dollar or British Pound) in which you spend the most.

Spectrocoin offers live bitcoin rates on the website in 26 different currencies and also in pairs like gold / bitcoin and certain altcoins. The price used is acceptable, since it is equal to the price used on bitcoin exchanges (through offers and late prices).

The website and User Interface of Spectrocoin are in the same colors as onlinehandelen.com, namely blue and orange. A sleek design ensures that each user can easily go through the various tables and menu options. Personally, I think the website is very well designed and easy to understand. On my website Spectrocoin offers in my opinion sufficient information about its services but does not explain everything. The FAQ has no search function and the deadline for your verification process is not shown anywhere. You also can not find out 1,2,3 who are the owners of the website, but fortunately I found that above. All in all, this information is not really interesting either, especially in the cryptocurrency world. You can always contact the Hotline and email customer service department,

What I personally find important to note is that if you search through Google on Spectrocoin, you occasionally still encounter a negative experience of a user. You read that the company freezes accounts until identification procedures are run through and the like. If you ask me, it’s quite normal and I can assure you that if you google Neteller or Skrill you get hundreds of negative results. These are all people who have done something that simply can not.

Spectrocoin review conclusion
Spectrocoin offers a wide range of services for bitcoin and altcoin use. The bitcoin debit cards are available worldwide and the costs are lower than most counterparts. The website is clear and the customer service is at your service. Is Spectrocoin scam? No. It is just a method to convert your bitcoin and altcoin earnings into fiat money or vice versa and then to be able to pin this … Exactly what I was looking for and that is why I also have a Spectrocoin pass. I definitely recommend Spectrocoin and give the company in the sector bitcoin debit cards 8.5 / 10.

The reason that I give a 8.5 and is not 10 because you have to pay 1 Euro per virtual card per month, which I personally find something pricey. With other providers this is free. Anyway, if you do not need dozens of numbers to make purchases online (most of us absolutely do not) then this is something that can be overlooked. In short, really a must for the bitcoin and altcoin investor!

Overview and comparison of major cryptocurrencies

Bitcoin, Litecoin, cryptocurrencies, mining… It seems like these new words are popping up everywhere in recent months. In part, the cryptocurrency boom is due to the fact that historically they have shown much higher profitability than the traditional dollar or euro.

But there are actually a number of reasons why cryptocurrencies are so popular. They are safe, anonymous, and completely decentralized. Unlike conventional currencies, they are not controlled or regulated by any particular authority, and their flow is completely determined by market demand. They are also nearly impossible to forge, thanks to a highly complex code system that encrypts each transmission, providing complete anonymity and security for every user.

Although Bitcoin is practically the only cryptocurrency discussed most of the time, there are actually many different cryptocurrencies available (in fact, very many).

So let’s take a closer look at the major ones.

Bitcoin and Bitcoin Cash

Bitcoin is the digital currency that is stored in the unique payment system of the same name, where there is no controlling body and all participants are considered peers. Bitcoins can be used to make purchases and transfers if the recipient agrees to receive Bitcoin and is able to do so. The main idea behind

Bitcoin is complete decentralization: neither the central bank, nor the government, nor any other administrative organization can influence or control Bitcoin.

As for Bitcoin’s profitability, it is legendary.

This isn’t surprising – after all, a Bitcoin was sold for 0.003 dollars in the very beginning, and now it is traded at around USD 9000.

Bitcoin Cash is a new currency that emerged from a hard fork of the Bitcoin on August 1, 2017. It is a more scalable replication of the original blockchain with individual blocks increased to 8 MB.

The way a fork works is that instead of creating a new blockchain from scratch, the fork creates a duplicate blockchain with the same history.

What this actually means is that all owners of pre-fork Bitcoins are now owners of the same amount of Bitcoin Cash, since both cryptocurrencies had the same blockchain up until the moment of the fork.

Right after its release, Bitcoin Cash was worth about USD 700, but it stabilized in the USD 250-300 range in the following days.

Dash

Dash (“Digital Cash”) is a decentralized open payment system that uses an algorithm called Darksend to keep transactions anonymous. This currency has been renamed twice, from Darkcoin in 2015 and Xcoin in 2014.
It offers all the possibilities of Bitcoin, as well as instant and completely anonymous transactions through so-called Masternodes.
Masternodes mix up the transaction data to erase all of its tracks, and then get a percentage of the transaction value.
The main differences between Dash and Bitcoin are:

Transactions in Dash are anonymous.
Dash uses not one, but a combination of several cryptographic algorithms.
Mining Dash consumes less energy.

Decisions about the further development of the system are made collectively by all members of the Dash network through Decentralized Governance, instead of being decided by individual programmers.

The value of this cryptocurrency passed the $1 billion mark in May 2017.

Ethereum

Ethereum is a platform for creating decentralized online services based on a blockchain that uses smart contracts. It is implemented as a single decentralized virtual machine.
Developed by 19-year-old Vitalik Buterin, this cryptocurrency raised 18 million dollars in its ICO in August 2013 and was launched in July of 2015.
Unlike other cryptocurrencies, its creators do not limit the role of the Ether to payments, but offer it as a means for exchanging resources or registering transactions of assets using smart contracts. In particular, its developers have called the Ether a “crypto fuel” for smart contracts.
The Ethereum technology makes it possible to register any transactions with any assets using a blockchain-type distributed database of contracts, without resorting to traditional legal procedures. This possibility provides competition for the existing transaction registration system. According to The Economist magazine, the technology of “smart contracts” marks a new era in financial technologies.
Developers can issue tokens or units of their currency over a blockchain network.
In 2017, Ethereum grew by 4000% and became the second largest cryptocurrency after Bitcoin.
RIPPLE

Ripple is a distributed payment system that uses the same cryptocurrency (XRP) as the internal payment unit.

First of all, we need to clarify that Ripple is not a Bitcoin clone and Ripple technology is based on a completely different concept, called the “principle of trust”.

XRP is similar to BTC:

Ripple is divided out to a large number of decimal places.
It is also easily transmitted in electronic form and has high cryptographic stability.
It is interchangeable and homogeneous.

XRP also has advantages over BTC:

Transactions in the network are much faster.
Ripple has some intrinsic value, since it allows you to conduct transactions.
Ripple coins are deflationary, as they are destroyed by the network after the transaction is carried out, so the total number of XRPs decreases over time.

As of 2017, Ripple is ranked the fourth cryptocurrency in terms of market capitalization, second only to Bitcoin and Ephereum.

Litecoin

Litecoin is a peer-to-peer internet currency that includes nearly zero-cost payments to anywhere in the world.
Litecoin is a fork of Bitcoin, as they were the same cryptocurrency until 2011.
The emission of Litecoins, as with Bitcoins, is algorithmically limited. The maximum amount of Litecoins that will go into circulation is four times greater than the maximum number of Bitcoins (84 million versus 21).
The initial reward for each block is 50 Litecoins.
Litecoin blocks are formed 4 times faster than Bitcoin blocks. Their pace of emissions and compensations will be similar over time.
About 3/4 of all Litecoins will be generated in 2020.
Will cryptocurrencies be the new norm after 2017? It might be too early to judge. There is one thing we know for certain – cryptocurrencies are going to be on the minds of experts and ordinary people for a long time.
Don’t forget that the first real thing bought using Bitcoin was a pizza sold for 10,000 bitcoins. In 2009, the owner of a pizzeria decided to believe in the cryptocurrency and traded the pizza for a pittance.  This decision brought him at least $4,000,000 and set off a major financial revolution.
If you believe in the potential of cryptocurrency and blockchain technology, if you want to secure a place for yourself in a future where cryptocurrencies reign, and if you want to witness the origins of a new financial system, then it is best to invest now.
The best way to do this is on the IQ Option platform, which is one of the largest online exchanges in the world.

IQ Option offers its customers a wide range of cryptocurrency assets, a steadily growing number of available trading instruments, everything necessary for technical and fundamental analysis, a user-friendly interface, 24/7 customer support, lightning-fast credits and withdrawals of funds, and much, much more.

May you and your assets continue to grow!

Coin Crowd & UCI Review & Explanation

This one is quite new and a little complicated, and I’ve had a few questions, so I thought I’d try to explain it all in big picture terms…

CoinCrowd is a social & business network platform for people involved in crypto currency and totally free to join and use.

It offers the same features, functions and tools that most other social network platforms offer. It is open to anyone… from total beginners to experienced veterans involved in the crypto currency world. It has a lot of value as an information/education platform, plus there’s the business networking and built-in advertising benefits, plus a whole lot of stuff I haven’t had a chance to really explore yet.

Plus you can earn CREDITS for pretty much any activity on the site. Think of it as earning a credit every time you like, share, reply, post, comment etc.. probably not for everyone, but if you’re active on the site you will accrue credits quite quickly.

You can also earn them VERY quickly by referring new members… 100 credits per referral!

And those Credits can be converted to Shares in the Parent Company, United Captial Investments (UCI)

CoinCrowd is owned by UCI, a private equity investment company specialising in crypto and related technologies. Basically they invest shareholders funds into various projects… particularly ICOs… and if the project makes a profit, this is returned to shareholders as dividends.

 

So the relationship here is quite symbiotic…

CoinCrowd will be used to help promote selected projects that UCI has partnered with… generating profits for their shareholders…

And all CoinCrowd Members are shareholders!

When you sign up for CoinCrowd you are eligible for 1000 UCI Shares. Plus you can convert your Coin Crowd Credits into shares as well. So if you do that, and are active on the CoinCrowd site, you should be able to accrue a decent volume of shares in the next few months!

(You can also buy shares directly… you’ll find details on that after your Shareholder account is created for your free shares from joining CoinCrowd).

Confused yet?

It does get easier, but there are a few steps to work through to get on board, so here it is as simple as I can make it…

Step 1. Register at CoinCrowd

Once in, have a look around if you like, but make sure you got to the Credits Section and make a note of your referral link… you can start sharing that on your social networks immediately… but it will work best if you do it in context and talk about the site and what you’re doing with it. ie. Don’t tell them to join, Invite them to join you…

Step 2. Request Your Free Shares

Go to the UCI.Global Website here and you’ll see the exact information you need to send them to have your shareholder account created. It’s basically name, email, address, DOB and photo ID, but make suire you check every item off the list. Send it to the email address shown on that page.

Step 3. Wait for Your Shareholder Account Details

Your account is managed on another ‘platform’, but that’s OK… you only go there to check on your shares… and if you want to buy and sell them etc. You’ll receive login details by email… save that info somewhere safe!

Step 4. Tell Everyone You Know About It!

Now you’re active, get busy and get the word out. This is going to be huge so this is your chance to get in on the ground floor just by bringing in other interested people… it’s totally free so you aren’t selling them anything!

Each time you do, you’ll earn credits, which are currently converting to shares at a rate of 20 shares for one credit… so you can build up quite a holding in this company, but I’m not sure how long the bonus will be this generous for.

Obviously it is a very young company so there’s no way to predict how the shares will perform in the long term, but if the company backs a few winners in the next few years, it could be very interesting. Likewise, any winners will result in a shareholder dividend, so one way or another you should get a tangible return on your efforts.

OK, I hope that makes some sort of sense… if not, please just take a few minutes to register below and look it over. There should be additional information available by now and you should see the potential here if you get in early…

The way I see it, it’s zero risk… just a little bit of time to register and tell a few friends and family… and massive potential reward if they start backing a few new crypto winners.

Register at CoinCrowd

 

 

Coin Referrals Review

Coin Referrals website is basically a downline builder.

You sign up with them, then enter your Affiliate IDs for a long list of affiliate and referral programs…and then anyone you refer ends up singing up under you in the same programs. You just send traffic to your page and you start building your downline… and earning cash and credits in all the different programs… all on auto.

That’s the theory at least…

The catch is, the appeal here is mostly for people looking for the free/cheap options… so they’re not looking to spend money… so you’re unlikely to make too much in commissions. So the real value is probably those programs that let you earn advertising credits… which you can then use to promote your own Crypto Product.

All that said… if you get someone signed up who does push it… or uses a lot of the services… you could do very well. As an example, the guy who sent it to me will be very glad he did by now!

I’ve signed up to everything, and I’ve tested most of the advertising options for promoting this website… some actually work very well and are very affordable… plus I’ve bookmarked a few of the services to get back and check out properly later.

I’m also sending it out to everyone who grabs our Crypto Wealth Strategies package… and many of those people will do the one-time set up as well, so they can include it in their own distributions.

And because a lot of the programs track referrals several levels deep, the power of multiplication can soon come into play. ie. if you find a few and they find a few, and so on… somewhere in there, there’s sure to be someone who gets particularly active!

So my suggestion is, AFTER you’ve signed up for all our Recommended Programs…

Log back in to Coin Referrals and add all the affiliate links you’ve now got.

Grab the promo materials… your link and a banner or two… and add those to your website or blog, post them on your social media etc.

Keep an eye on it and if you get any interest, go back and sign up for as many of the remaining programs as you can.

Once that’s done, you can pretty much forget about it.

Check back in a month’s time and if you’re building a bit of a balance, you can submit your payment info… or use the credits to promote your own website or products!

Register @ Coin Referrals

Keep in mind, if you grab any of our packages here, they will promote this program automatically, so you might want ot go back and register in the extra programs and save your IDs before you start promoting that.

All You Need to Know About Bitcoin

Bitcoin is an extremely safe and reliable, software-based online payment system. To keep things simple, we can just look at it as a form of digital currency. Bitcoin is not a payment system but it’s actually like money. Digital money, to be exact. Just like real money, it can be exchanged for goods and services. To understand how bitcoin works, you will need to understand the components that make bitcoin what it is.

Firstly, it is digital. There is nothing to see or hold. It is not tangible like paper currency or coins.

Secondly, it is peer-to-peer based. That means you are in total control. There are no banks, third parties or intermediaries to take a chunk of your bitcoin as fees. You send your bitcoin directly to the person you want it to go to. This is one factor that is seeing the rise in popularity of bitcoin.

Thirdly, bitcoin is not controlled by any one bank or financial institution. It is decentralized and run by a group of people worldwide. We live in a day and age where people want more freedom and wish to break away from the shackles of the top 1%. Bitcoin is a symbol of that freedom.

Fourthly, pseudonyms are used with bitcoin transactions ensuring ultimate privacy. This again makes this method of payment very popular with people who do not want others to know their financial transactions. The transactions are viewable but all you’ll see are a bunch of numbers and alphabets that really make no sense.

Lastly, the movement of bitcoin is protected by top of the line cryptography that ensures the digital currency is secure and can’t be abused by criminals.

Despite all the positive points about bitcoin, it is not all sunshine and rainbows. There are certain negative aspects associated with bitcoin.

For starters, while the transactions are safe and secure, bitcoin can be used to purchase illegal items such as drugs, child pornography and other illegal goods. The same positive points such as privacy and security become negative when people use bitcoin for illicit purposes.

Bitcoin has seen increased growth and merchants are slowly starting to accept it as a digital currency so that they can cut costs on fees imposed by payment processors. However, there is no consumer protection for bitcoin users. The bitcoin can be stolen with no possible means of recourse. For example, sellers may not deliver goods that may have been paid for with bitcoin.

Certain countries also impose restrictions on bitcoin purchase. Bitcoin still has some ways to go as far as becoming accepted like traditional currency. Nevertheless, as trends indicate, it is on its way there.

The Pros and Cons of Bitcoin

Bitcoin is one of those things that you either have a good idea about or you’ve heard of it but have no inkling what it really is. The media has not really mentioned bitcoin really is.

In simple words, it’s a digital currency and a payment system. A two-in-one online currency solution that is gaining popularity all over the world. In this article, we’ll examine the pros and cons of bitcoin.

At the end of the day, you will need to decide for yourself if bitcoin is your cup of tea. Whatever your decision may be, bitcoin is here to stay and is gaining popularity with more and more people accepting it around the world.

Let’s look at the pros first.

1. Low transaction fees

Fees charged by online payment processors can be steep if the volume is high. Many merchants may balk at the fees and exchange costs over time. Since bitcoin is not controlled, it has very low fees and it’s still secure since it doesn’t rely on one point of failure as is common with normal payment processors.

It’s also much faster since there is no approval process or verification required because bitcoin is extremely private.

2. Bitcoin is deflationary

One of the unique features of bitcoin is that only 21 million bitcoins will be created. That is the limit. That means the value of the coins will grow over time.

3. No taxation

There are no taxes involved with bitcoin. This should be music to many people. No need to pay additional taxes on your purchases.

4. High degree of privacy

Almost all bitcoin transactions are extremely secure and very private. Users of bitcoin use pseudonyms for their transactions. This high degree of privacy makes the use of bitcoin very appealing to many people.

5. Simple to use

Bitcoin was made for the internet and it’s simply a dream to use. To send bitcoin to someone, all you will have to do is key in the receiver’s address and send. It’s as fast as sending an email. No hassle. No waiting times. An extremely flexible form of online payment.

6. Bitcoin is not regulated

That means there are no banks or financial institutions manipulating bitcoin to attain their own agenda. Bitcoin eliminates all third party interference in the transactions. Nobody can freeze a bitcoin account.

Traditional money relies on trust. The people need to trust the banks that they place their money in. With the collapse of financial institutions, dodgy practices, runs on the bank, etc. many people have lost faith in banks and actually view these institutions as detrimental to society in general.

Now we’ll look at the disadvantages and there are a few that we must bear in mind.

1. Bitcoin requires some learning

There is a learning curve involved when it comes to bitcoin. Unlike traditional money that we are accustomed to using from an early age, bitcoin is relatively new. The concept requires some study and understanding.

There are not many comprehensive guides on the subject. Users will need to understand the terminology such as block chain, cryptography, mining, etc. All these can be learnt by using Google. If you truly wish to understand bitcoin, there is more than enough information online to make you well-versed on the subject.

2. Not accepted in many places

Unlike PayPal which has been widely adopted, most merchants have not started accepting bitcoin as a means of payment yet. So, if you’re a buyer, you may not be able to make purchases from many places.

3. Difficult to obtain

In the beginning, it was relatively easy to mine for bitcoin. Now, as the number gets higher, it is getting extremely difficult to obtain bitcoin. Thankfully, there are more bitcoin exchanges opening with more willing sellers.

4. Bitcoin transaction can be slow at times

Most bitcoin transactions are fast but since this a peer to peer system, there is a time set for confirmation on the transaction. The bigger the transaction, the longer the wait. You can opt for zero confirmations and not have to wait as long but it would be wise to wait.

5. Bitcoin can be stolen

Even though bitcoin is a digital currency, it can still be stolen. Many bitcoin owners store their data in digital drives and secure these drives in safety deposits to ensure they’re not stolen. You will have a digital wallet to protect your bitcoin but you must know how to do it correctly.

After weighing the pros and cons, you’ll notice that bitcoin is worth considering as a means of payment online and definitely worth exploring. Take your time to understand the system and see if it will work for you.

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Protecting Your Bitcoins from Loss or Theft

Just like traditional currency, bitcoin too can be lost or stolen. It is crucial to take steps to protect your bitcoin or you may end up in a situation where your bitcoins are coin and there is absolutely no way to get them back. You can’t go to the police because unlike normal theft or burglary, most police are not equipped to handle digital theft, etc.

Prevention is better than cure. Follow the steps below to safeguard your money.

The number one reason people lose their bitcoins is through carelessness. Bitcoins are kept in a digital wallet. There is an encryption and a password. If you commit the password to memory and forget it later on, it is impossible to recover the bitcoins. This has happened to many people and they were never able to retrieve their coins.

The best thing you can do is write down the password to your wallet and keep it under lock and key. If you’re storing the details on a portable hard drive, make a backup and keep that under lock and key too. As always, write down the details. There is no substitute for good ól pen and paper when it comes to this.

It would be a good idea to use paper wallets because of their high level of security.

While all these measures are good to protect your bitcoins from digital theft, one must not neglect threats in the real world. There may be IT savvy thieves who may know that you have bitcoins and will steal them if they have a chance.

Do not go around boasting to every Tom, Dick and Harry that you have bitcoins and they are a dream come true. Someone who is familiar with the system may be looking for an opportunity to relieve you of these coins.

Keep your bitcoin wallet encrypted and under lock and key. Friends, relatives and even strangers may steal your bitcoins. The temptation is always there. So, keep a low profile as far as your investments are concerned.

The internet is not a safe place. If you are surfing online a lot, you may have all types of malware, keylogger software, etc. on your computer without even realizing it. These software will send details to your bitcoins, passwords, credit card details, etc. to the person trying to hack into your account. Anything is possible.

The threats of hacking are very real and this is not a case of “it only happens to others”. It can happen to you too. So, take steps to secure your computer from these attacks. Invest in a good computer security system.

Make sure your computer operating system is clean. Keep only small amounts of bitcoin in your wallet if you’re making purchases online. In this way, even if there is theft, the amount lost will be minimal.

Implement a 2-Factor authentication feature. This means that anytime you try to use your bitcoin, you will receive a text message on your phone with a one-time password. Only after you key in the password, will you be able to access the bitcoin.

These are just some of the ways that you can protect your bitcoin. Always remember that the initial hassle to protect your bitcoins will pay off in the long run.

So Many Ways To Buy Bitcoins

Bitcoin is the latest and hottest online payment system that the internet savvy community is raving about these days. It is a topic that the general layman is not really aware about and does not really understand due to its steep learning curve.

It is a digital currency and payment system that is secure, private and very simple to use once you know how. It is not regulated and is becoming more and more valuable with each passing day despite the fluctuations.

Some people hoard it as a form of investment. Others use it to purchase items discreetly since total privacy is a bitcoin benefit. Whatever the case, in order to use bitcoins, you must first acquire them. That’s what this article is about.

Before even getting any bitcoins, you will first need to get a bitcoin wallet. Just like you would keep traditional money in a leather wallet, bitcoin can be kept in a digital or paper wallet.
The wallet is actually a software that keeps your bitcoin securely and safe from hackers. The wallet can either be on your computer desktop or a portable data drive which can be kept under lock and key.

The bitcoin wallet is actually part of the bitcoin system and will record all your transactions. It takes up a sizeable chunk of memory on your computer though.

In the past, people bought and sold bitcoins using credit cards and PayPal. However, there is a limitation with bitcoin. Bitcoin transactions can only be reversed by the recipient. So what happened was that many unscrupulous buyers purchased bitcoin with their credit cards and then requested chargebacks through the credit cards. The sellers were left helpless with no form of recourse. So, they stopped accepting these methods of payment.

That makes it extremely difficult to purchase bitcoins these days.

Thankfully, there are more and more exchanges springing up these days to facilitate the sale of bitcoins for a fee. Many people are turning to bitcoin exchanges to buy bitcoin. This is one way you can obtain bitcoins.

You may have heard of the term bitcoin mining. This is a process that not only takes up a ton of time but is very complicated. Verifying and recording payments into the public ledger is called mining and the payment can be in bitcoins. This is a way of getting bitcoins but it’s really painstaking.

You may buy bitcoin from people you know who are offering it for sale. This is perhaps one of the best methods of getting your hands on bitcoins. Since you trust the person you’re dealing with, there is little chance of them taking your money and disappearing.

You may check Craigslist and see if anyone is offering any bitcoins for sale. You may also check eBay but usually the value of the bitcoin is marked up pretty high and unless you’re purchasing for investment purposes, it’s not really worth the gamble.

Another way to obtain bitcoin is to start an online business and accept bitcoin as a form of payment. If you make it easy for the customer to pay with bitcoin, you will find yourself getting paid with bitcoin. It helps to set up a store in a popular industry with many buyers so that your chances of finding a buyer who pays with bitcoin will be higher.

These are just some of the ways to obtain bitcoins. There are other methods such as doing trivial tasks on websites that offer payment in bitcoin. However, the amount offered is so miniscule that it’s really not worth your time. Time is more precious than bitcoin. Always bear that in mind.

How Bitcoin Prevents Double Spending

To understand how bitcoin solves the double spending issue, you need to know what double spending is. It’s a pretty simple concept to understand and this problem only exists on the internet and not in the real world since you can’t double spend with traditional currency.

Wikipedia states that double spending is, “a failure mode of digital cash schemes, when it is possible to spend a single digital token twice. Since, unlike physical token money such as coins, electronic files can be duplicated, and hence the act of spending a digital coin does not remove its data from the ownership of the original holder.”

So, what does this mean?

Let’s look at this scenario. You visit a store to buy a book. You have ten dollars in your wallet and the book costs ten dollars. Once you pay for the book with your cash, the money will now be in the store’s cash register. The money can only be in one place at one time. It absolutely cannot be in your wallet and the store register at the same time.

With online monetary transactions however, this can happen.

The online sales and purchases are all done using computer codes and algorithms. That basically means, the same money could be in different places at the same time. To prevent this from happening, there are extremely sophisticated payment gateways and processors such as PayPal, Worldpay, Authorize.net and many more to make sure double spending does not occur.

These payment processors have systems in place that review all the transactions carefully to prevent any mistakes from occurring and also to prevent fraud which is always a threat.

Despite these processors being first rate and highly reliable, there are some disadvantages too. If there are any technical issues or the systems flag your transaction as shady, your transactions will be denied. This is known as a single point of failure.

Not only that, your account may be suspended pending review. Your funds will also be stuck till your account is cleared after the review.

Many people have reported having their PayPal accounts suspended for no good reason. Besides this, in order to maintain their service, these processors charge fees ranging from 2% to higher. Depending on your volume of transactions, these can add up and be quite exorbitant.

Bitcoin solves the double spending problem because it does not rely on a single point of failure. The bitcoin payment system uses the block chain to prevent double spending from occurring and it does so without incurring high fees.

Without getting too technical, a block chain is a database that is shared by all the nodes participating in the bitcoin system. This database has a record of all transactions that have taken place using bitcoin.

Every block has the hash from the previous block. So, the blocks are in chronological order and you cannot just modify one block because every other block down the line will have to be modified too. This makes double spending very difficult because every transaction depends on the one before it and the one before that. At any point in time, the bitcoin’s movement can be traced all the way back.

There is much more to the block chain but for now, the point is that bitcoin prevents double spending online without incurring fees or having your funds locked. This is one of the best features of using bitcoin for your online transactions. No hassles as far as your funds are concerned. That’s a plus point in anyone’s book.

The Real Crypto Wealth Secret At Play Right Now…

If you’ve looked around this site and crunched the numbers at all, you’ll realise that crypto currencies do offer a very real opportunities for taking a small starting bank and turning it into some serious Altcoin over time.

  • Some of the methods we’ve shown you are more profitable than others.
  • Some are clearly faster than others.
  • Some will carry more risk.

But for my money, there is one way to dramatically increase your returns and to speed up your timeline, all while seriously reducing your risk

And that is by taking advantage of the state of the industry itself.

Because this industry is an affiliate marketers dream!

It is still brand new and all kinds of businesses are trying to cash in on it. Countless vendors madly trying to come up with the next amazing product or service that will take the market by storm…

Some are obviously going to be better quality offerings than others, but to stand a chance they all need exposure… eyeballs on webpages, emails into lists, bums on digital seats…

For any crypto start up it’s like a gold rush… all about getting the word out fast to stake out their territory.

The stakes are high because the potential rewards are staggering.

Any start up that creates it’s own market and ties up marketshare could dominate for many years to come

So most are prepared to pay you incredibly well for your help.

Almost every crypto product or service you encounter these days offers an affiliate program.

And simple laws of supply and demand apply. If everyone has an affiliate program, then your services as an affiliate are in demand… and any organisation that wants your help will need to offer you a better deal than their competition.

  • So they will all pay you well for any new customer you send to them.
  • Many will pay you commission on the customers purchases for life.
  • Many will pay you ongoing commissions on recurring subscription services.
  • Many will also pay you for sending them new affiliates.
  • And more and more are going to pay you even more on multiple levels…

They want you promoting their stuff and they know you’re only going to work for them if they pay you some serious money for your efforts.

So right here and now it’s definitely an affiliates market where you can pick and choose the very best programs to promote.

Which is exactly what we recommend on this website.

Set up your bitcoin and altcoin wealth-creation tools that we’ve outlined, but then get to work and feed those systems with your affiliate earnings…

Any one of these programs could earn you a full bitcoin or two over the next twelve months.

So can you see how quickly this might grow if you  immediately invest those profits into these programs?

The miners making 150% per year? The trading programs making 1% per day? The combo programs doing even better?

If you like the sounds of that, be sure to check out our ActionPlan below.  This is a step-by-step guide to putting all our strategies to work in the shortest possible time…

Bitcoin Bounty Hunters Action Plan

This won’t be for everyone! There is some work required to set it up and you will need to invest a bit of cash as well… but if you are serious about growing some crypto-wealth… fast… I’m confident you won’t find a more effective plan.

 

 

Review of CoinXL Autotrading Platform

CoinXL is a passive trading opportunity that is currently working very well for me from a small initial investment. CoinXL relies on their own cryptocurrency trading bots… complex algorithms to detect when a crypto market is going to increase or decrease… allowing the bot to buy low and sell high.

Members purchase a packages as low as 0.05 BTC up to as high as 5 BTC which are then traded on their behalf. Members are then paid a 1% return on their investment each day for a total of 150 days, recouping 150% of their investment.

Members can then reinvest their initial stake and keep their profits, or reinvest the lot in a larger stake.

At time of writing I’m only part way through my first cycle, so there are still a few unanswered questions, but given the low cost of entry and consistent returns I’m seeing, I’m quietly confident I’ll be reinvesting the lot at the first opportunity.

The network is being promoted via an MLM network with a very generous commission structure. So much so, it will almost certainly strike some people as too good to be true, and I’d be one of them, if the trading returns weren’t so consistent.

Of course you should do your own due diligence before making any investment, but I’d encourage you to consider this as a simple, hands-free option to earn bitcoins with a very affordable entry point… you can check it out for yourself below…

Start Creating Your Bitcoin Wealth With CoinXL

As well as daily returns, members can also earn a daily binary bonus ranging from 5% all the way up to 20% of their downline volume. The remuneration plan is a little complex, but suffice to say, it is very generous and the narrow structure… two legs only and forced overflow… means your upline is very likely to assist you in growing it.

With a lot of these type of programs that I looked at, members had to reach a very high threshold before they could cash in their earnings but with CoinXL, there is no minimum so members can withdraw their earnings anytime they like.

Part of the business plan is for CoinXL to release their own digital coin in the future.

Members will have the chance to purchase these coins at a discount price prior to the release, and sell them later once the coin is made available on major cryptocurrency exchanges.

That will have it’s own risks no doubt, but also considerable upside opportunity, so that’s something we’ll we watching out for in coming months.

Of the three programs listed here, CoinXL is the one that set off some alarm bells… especially on the too good to be true gauge! But now that I’ve put it to work and seen it in action, my confidence is growing and I am happy to make a recommendation that you test it carefully for yourself.

So you can tell I’m probably tell I’m pretty excited by the potential here… especially looking forward to the opportunity to purchase the new coin pre-market… but I’m not letting my enthusiasm get in the way of good judgement. But if CoinXL it keeps doing what it’s been doing for me so far, I’ll stick with it indefinitely.

So if this suits your own investment strategy, please click the link below to view the CoinXL presentation and start growing your own passive trading account today!

Start Creating Your Bitcoin Wealth With CoinXL

Review of Trade Coin Club Opportunity

This is a currency trading club where Member purchase the software and then use that suite of trading tools to trade their own funds at whatever level they want, starting with as little as 0.01 BTC. Trading is semi-automated and the Member retain full control over their account funds. You can choose to trade with more than 30 types of Altcoins, creating a well diversified portfolio quickly and easily.

For the MLM side of things, the Trade Coin Club software is the product you’re promoting, so there’s legitimate value being added to the network when you refer new Members… hence the generous compensation package.

It uses a binary matrix which means when an active Member brings in more than two new Members, any more are placed even deeper in the network, creating ‘spillover’ and helping those below them build their own network. I won’t try to explain that here, except to say that it rewards you very well for your efforts in growing the membership base.

As with any investment or business venture, I encourage you to do your own due diligence and proceed accordingly. You can review the program information page below and register to test it out if you like what you see…

Trade Coin Club Website

 

 

Hashing 24 Review

The Hashing24 team has been in the cloud mining business since 2012 and they’ve recently created a new partnership with one of the the industry’s leaders – BitFury – to deliver even more powerful mining tools to their users.

Hashing24 has a reputation for reliable service and state of the art speed, capacity and performance. They work tirelessly to achieve optimum efficiency to deliver the best possible margins in Bitcoin transaction processing. The modern ASIC chips from BitFury deliver the maximum performance and efficiency possible.

Hashing24 was made by professionals for individuals who want to get involved in bitcoin mining at any level.  They believe that everyone should be able to benefit from Altcoin mining and have access the latest technologies and high-performance large scale industrial data centers.

This is another great operator that I’ll continue to work with for the foreseeable future. Great service, high performance packages, competitive rates and prompt payouts… make this a great option for anyone looking to try their hand at bitcoin mining…

Create A Free Account At Hashing24

 

Genesis Mining Review

Genesis Mining is one of the largest Bitcoin and scrypt cloud mining providers and has been my preferred option for some time. They offer three Bitcoin cloud mining plans that are very reasonably priced plus a number of other crypto currencies so you can build a diversified portfolio over time.

Their Bitcoin mining system is ideal for those who are still new to mining crypto currencies, and it’s also quite robust for cryptocurrency experts and larger-scale investors. Genesis Mining is the world’s first large scale cloud mining service offering an alternative to those who would like to engage in Bitcoin and altcoin mining.

There are no pool fees, now power or bandwidth fees. You don’t have to pay or wait around for shipping of mining hardware. Yuo don’t need ot learn to use any software.

You simply purchase hashpower… that you keep for a lifetime… and let it go to work for you!

What I particularly like about Genesis is the option you have to create a diversified portfolio of crypo currencies, by adding different altcoin mining contracts to your account.

So as one currency starts to show a reasonable profit, you can reinvest that in a new contract for a different altcoin. This creates additional stability and also positions you for some serious gains if that particular currency starts to move like Bitcoin has over the last couple of years!

Register A Free Genesis Mining Account Here!

 

HashFlare Bitcoin Mining

HashFlare was founded by Sergei Potapenko on 2013 and is based in Talin, Estonia. It offers a number of Bitcoin & Cryptocurrency Mining packages, suing a number of different mining systems. They maintain their own datacenters to support their various mining options.

Of all the miners I’ve tried, this one is the most effective. It isn’t the cheapest I’ve seen by any means, but they are up front about their costs, and in this business I’m happy to pay a little more for consistent returns.

For Bitcoin miners, the big decision will be to decide  whether to choose their SHA-256 or Scrypt package. You’ll find plenty of strong opinions on this one if you want to go looking, but personally I expect the Scrypt option to improve in performance while the SHA-256 miners are going to find it harder and harder as time goes on.

They also offer mining packages for Ethereum, ZCash and Dash. I haven’t tried those jsut yet, but I’ll be looking to reinvest some profits there shortly.

Hashflare has had it’s share of bad reviews in the past, but a lot of them can be easily explained…

The members involved used a Bitcoin wallet that deducts feeds from the transferred amount, so Hashflare didn’t receive the full amount required…

So the Members account wasn’t activated, mining didn’t start and they thought they’d fallen victim to a scam…

And if the company didn’t respond instantly it seems lot of those people would go write a bad review while they waited!

Lesson to take away from this…

Make sure your wallet ALWAYS adds fees on top of the amount you designate so that the people you’re paying ALWAYS get the full intended amount.

Most will give you a warning about this, so the other tip is to look for and read any alerts or warnings.

Beyond that, all the recent reviews I found were quite positive, or far too vague to be of much use. For me the system is easy to use, the performance is quite efficient and reliable, support is timely and withdraws are processed quickly… which is all I ask for!

As with any mining operation, you do need to monitor results and know your overheads and returns, so you can make an informed decision when it’s no longer profitable. I personally feel that point is still away off but you need to monitor that for yourself.

Again, this is why some of the newer currencies are worth looking at. As Bitcoin becomes harder and harder to mine profitably, the newer currencies could offer up much better opportunities if you shop around.

For now though, if you’re looking to test the mining waters for yourself, HashFlare is a great place to start. Check it out below…

HashFlare Crypto Mining Packages

 

Review of the BTC Robot Trader

I mostly avoid robots these days, after too many bad experiences and embarrassing purchases… but this is a option worth checking out if you are new to trading and not particularly interested in learning a whole lot of theory.

Basically you license a trading bot that you run on your own account on the Metatrader4 platform… Then the bot does most of the work for you.

It’s not totally hands-free though, as the thing with most bots is, they need to be updated as market conditions change. Most of the top programmers will do this for you, but you do still need to monitor your account and make necessary adjustments.

To date I’ve only tried running a single bot on a relatively small account and the results have been quite satisfactory. I never completely trust automated trading though. Bots are usually build to generate returns based on past results, which should never be taken as an sort of assurance of future performance…

ie. just because it worked in the past does not mean it’s going to happen again.

Good bots however, make decisions based on sound technical analysis and high probability patterns based on the price action. At this stage I believe this bot is doing just that (quite well), but you should always monitor any automated system closely and use strict money management to ensure it remains effective as market conditions evolve.

I’d suggest a similar approach, especially if you are new to trading.

Don’t be seduced by the high rates of return on backtesting… anyone can make a bot that confirms past data… the real test is always when it starts going forward. When you find a bot that does well there, then you can start to think about increasing your stake!

The BTCRobot is available via subscription, starting from $19.95 per month for a single instance, which is fine to test.

I actually like the subscription pricing model, as this puts the onus on the developers to keep working to ensure it remains profitable. They want you to stay subscribed, so they work hard to make sure their robot keeps performing in current market conditions.

Want to know more?

You can check out the BTCRobot via the link below. You can use one of their hosted trading accounts if you only want to run the robot, but personally I prefer to run these on own Metatrader installation so I can monitor exactly what’s happening. Likewise, if you want to do any trading of your own,  you’ll need a standalone account, so I’ve included a link to AVATrader, our preferred broker. They have some great welcome-bonus deals going at present so check that out as well.

Check out BTC Auto-Trading Robot

Check Out AVATRADE Forex Broker