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Wednesday, August 2, 2017

Crypto currency a digital form of currency

What is Crypto currency?

A quick quide crypto currency is digital form of currency that is being used increasingly all over the world. If compared with the current traditional currencies, it would represent a way much more efficient currency, in terms of speed, usage and transaction costs. Let’s get to know the most important famous on the list:

Bitcoin

the first decentralized crypto currency, Bitcoin generally takes ten minutes to confirm or zero if the merchant accepts the risk of double spending – Governments cannot seize your Bitcoins, there is no chance of chargeback fraud for merchants & the combination of your private key and public key means your personal details are not held insecurely online in general.

Lite coin

Uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bit coin.

Doge coin

The coin has produced 100 billion units by the end of 2014 and is now producing roughly 5 billion units per year.

Vox

Voxelus is an overarching virtual reality content and gaming system that is powered by its own internal currency called the Voxel or VOX

Ways to earn bitcoins



  1. Mining bitcoin types
  • CPU Mining (no longer available)

·      GPU Mining

·      FPGA Mining

·      ASIC Mining

  1. Rewards Digital cash
  2. Earn bitcoins with social media
  3. Do work for Bitcoins
  4. Offer something for Bitcoins
  5. Gambling and casino games
  6. Use various Bitcoin faucets
  7. Lending- Loan some bitcoins, earn some interest
  8. Borrowing and lending bitcoin by bitbond
  9. Buy bitcoin (coin mama)
  10. Trade bitcoin directly with other users (local bitcoin)


Bitcoin wallets

  • Storing your crypto currencies is now safer than ever before.
  • Anyone can see the balance and transactions of any Bitcoin address. However, the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances.
  • The prices of Bitcoin changes every 3 hours , short period of time makes the wallet high risk asset.
  • There are many types of wallet
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Bit coin Exchange SERVICES (Market place) trading

Localbitcoin

  • Localbitcoin is site which facilitates P2P Bitcoin sales by allowing users to list their own buy/sell advertisements. It makes it very easy to run your own bitcoin-cash exchange. It also allows online transactions and offers escrow and other security services, as well as a reputation system for buyers/sellers.

Bitstamp

  • Operates a BTC/USD market with support for various currencies for deposit and withdrawal.
  • GBP wire deposits and withdrawals in GBP are supported, no fees paid.


Unocoin

  • Used for Indian Rupees (INR).exchange
  • Most popular wallet in India

Vaultoro

  • The first real gold and bitcoin exchange in the world
  • Insured vaulting facility based in a duty free zone in Zurich Switzerland.
  • The client can see the sum of all bitcoin and gold holdings and compare that to vaultoro's gold auditing statements and vaultoro's warm and cold wallets

Paymium

  • EUR/BTC exchange service
  • Comply with European Regulations and accept SEPA Wire Transfer, Send and receive Bitcoins by mail. Store Bitcoins in cold storage for security.

LakeBTC

  • Currently owned by Lake Investments Limited (BVI), with Shanghai Trading IT, Inc. providing technical and customer support.

Luno

  • South Africa, Malaysia, Indonesia, Singapore and Nigeria, allowing customers from those countries to buy and sell Bitcoin using their local currency
  • Available Bitcoin wallet

Itbit

  • EUR, USD & SGD to Bitcoin
  • In New York city , USA and in Singapore
  • Available bitcoin wallet

Gemini

  • Based in New York.
  • In all perhaps one of the most considered and well positioned exchanges to capitalize on the bridge between main financial markets and the present ecosystem.

Reasons YOU Should Start Accepting Bitcoin Now:

  1. Lower transaction fees. Per transaction fees for accepting Bitcoin are generally significantly lower
  2. Fraud prevention. Because people can pay businesses in Bitcoin without divulging personally identifiable information (names, billing addresses, etc.).
  3. No chargebacks. Bitcoin purchases are final, so there are no chargebacks and no returns.
  4. The ability to get paid quickly. Having cash on hand is often critical to survival for small businesses.
  5. Ease of accepting international payments. No limitation on international transactions and no extra fees.

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