Bitcoin converter and calculator tool - Bitcoin Converter

Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

Proposal: The Sia Foundation

Vision Statement

A common sentiment is brewing online; a shared desire for the internet that might have been. After decades of corporate encroachment, you don't need to be a power user to realize that something has gone very wrong.
In the early days of the internet, the future was bright. In that future, when you sent an instant message, it traveled directly to the recipient. When you needed to pay a friend, you announced a transfer of value to their public key. When an app was missing a feature you wanted, you opened up the source code and implemented it. When you took a picture on your phone, it was immediately encrypted and backed up to storage that you controlled. In that future, people would laugh at the idea of having to authenticate themselves to some corporation before doing these things.
What did we get instead? Rather than a network of human-sized communities, we have a handful of enormous commons, each controlled by a faceless corporate entity. Hey user, want to send a message? You can, but we'll store a copy of it indefinitely, unencrypted, for our preference-learning algorithms to pore over; how else could we slap targeted ads on every piece of content you see? Want to pay a friend? You can—in our Monopoly money. Want a new feature? Submit a request to our Support Center and we'll totally maybe think about it. Want to backup a photo? You can—inside our walled garden, which only we (and the NSA, of course) can access. Just be careful what you share, because merely locking you out of your account and deleting all your data is far from the worst thing we could do.
You rationalize this: "MEGACORP would never do such a thing; it would be bad for business." But we all know, at some level, that this state of affairs, this inversion of power, is not merely "unfortunate" or "suboptimal" – No. It is degrading. Even if MEGACORP were purely benevolent, it is degrading that we must ask its permission to talk to our friends; that we must rely on it to safeguard our treasured memories; that our digital lives are completely beholden to those who seek only to extract value from us.
At the root of this issue is the centralization of data. MEGACORP can surveil you—because your emails and video chats flow through their servers. And MEGACORP can control you—because they hold your data hostage. But centralization is a solution to a technical problem: How can we make the user's data accessible from anywhere in the world, on any device? For a long time, no alternative solution to this problem was forthcoming.
Today, thanks to a confluence of established techniques and recent innovations, we have solved the accessibility problem without resorting to centralization. Hashing, encryption, and erasure encoding got us most of the way, but one barrier remained: incentives. How do you incentivize an anonymous stranger to store your data? Earlier protocols like BitTorrent worked around this limitation by relying on altruism, tit-for-tat requirements, or "points" – in other words, nothing you could pay your electric bill with. Finally, in 2009, a solution appeared: Bitcoin. Not long after, Sia was born.
Cryptography has unleashed the latent power of the internet by enabling interactions between mutually-distrustful parties. Sia harnesses this power to turn the cloud storage market into a proper marketplace, where buyers and sellers can transact directly, with no intermediaries, anywhere in the world. No more silos or walled gardens: your data is encrypted, so it can't be spied on, and it's stored on many servers, so no single entity can hold it hostage. Thanks to projects like Sia, the internet is being re-decentralized.
Sia began its life as a startup, which means it has always been subjected to two competing forces: the ideals of its founders, and the profit motive inherent to all businesses. Its founders have taken great pains to never compromise on the former, but this often threatened the company's financial viability. With the establishment of the Sia Foundation, this tension is resolved. The Foundation, freed of the obligation to generate profit, is a pure embodiment of the ideals from which Sia originally sprung.
The goals and responsibilities of the Foundation are numerous: to maintain core Sia protocols and consensus code; to support developers building on top of Sia and its protocols; to promote Sia and facilitate partnerships in other spheres and communities; to ensure that users can easily acquire and safely store siacoins; to develop network scalability solutions; to implement hardforks and lead the community through them; and much more. In a broader sense, its mission is to commoditize data storage, making it cheap, ubiquitous, and accessible to all, without compromising privacy or performance.
Sia is a perfect example of how we can achieve better living through cryptography. We now begin a new chapter in Sia's history. May our stewardship lead it into a bright future.
 

Overview

Today, we are proposing the creation of the Sia Foundation: a new non-profit entity that builds and supports distributed cloud storage infrastructure, with a specific focus on the Sia storage platform. What follows is an informal overview of the Sia Foundation, covering two major topics: how the Foundation will be funded, and what its funds will be used for.

Organizational Structure

The Sia Foundation will be structured as a non-profit entity incorporated in the United States, likely a 501(c)(3) organization or similar. The actions of the Foundation will be constrained by its charter, which formalizes the specific obligations and overall mission outlined in this document. The charter will be updated on an annual basis to reflect the current goals of the Sia community.
The organization will be operated by a board of directors, initially comprising Luke Champine as President and Eddie Wang as Chairman. Luke Champine will be leaving his position at Nebulous to work at the Foundation full-time, and will seek to divest his shares of Nebulous stock along with other potential conflicts of interest. Neither Luke nor Eddie personally own any siafunds or significant quantities of siacoin.

Funding

The primary source of funding for the Foundation will come from a new block subsidy. Following a hardfork, 30 KS per block will be allocated to the "Foundation Fund," continuing in perpetuity. The existing 30 KS per block miner reward is not affected. Additionally, one year's worth of block subsidies (approximately 1.57 GS) will be allocated to the Fund immediately upon activation of the hardfork.
As detailed below, the Foundation will provably burn any coins that it cannot meaningfully spend. As such, the 30 KS subsidy should be viewed as a maximum. This allows the Foundation to grow alongside Sia without requiring additional hardforks.
The Foundation will not be funded to any degree by the possession or sale of siafunds. Siafunds were originally introduced as a means of incentivizing growth, and we still believe in their effectiveness: a siafund holder wants to increase the amount of storage on Sia as much as possible. While the Foundation obviously wants Sia to succeed, its driving force should be its charter. Deriving significant revenue from siafunds would jeopardize the Foundation's impartiality and focus. Ultimately, we want the Foundation to act in the best interests of Sia, not in growing its own budget.

Responsibilities

The Foundation inherits a great number of responsibilities from Nebulous. Each quarter, the Foundation will publish the progress it has made over the past quarter, and list the responsibilities it intends to prioritize over the coming quarter. This will be accompanied by a financial report, detailing each area of expenditure over the past quarter, and forecasting expenditures for the coming quarter. Below, we summarize some of the myriad responsibilities towards which the Foundation is expected to allocate its resources.

Maintain and enhance core Sia software

Arguably, this is the most important responsibility of the Foundation. At the heart of Sia is its consensus algorithm: regardless of other differences, all Sia software must agree upon the content and rules of the blockchain. It is therefore crucial that the algorithm be stewarded by an entity that is accountable to the community, transparent in its decision-making, and has no profit motive or other conflicts of interest.
Accordingly, Sia’s consensus functionality will no longer be directly maintained by Nebulous. Instead, the Foundation will release and maintain an implementation of a "minimal Sia full node," comprising the Sia consensus algorithm and P2P networking code. The source code will be available in a public repository, and signed binaries will be published for each release.
Other parties may use this code to provide alternative full node software. For example, Nebulous may extend the minimal full node with wallet, renter, and host functionality. The source code of any such implementation may be submitted to the Foundation for review. If the code passes review, the Foundation will provide "endorsement signatures" for the commit hash used and for binaries compiled internally by the Foundation. Specifically, these signatures assert that the Foundation believes the software contains no consensus-breaking changes or other modifications to imported Foundation code. Endorsement signatures and Foundation-compiled binaries may be displayed and distributed by the receiving party, along with an appropriate disclaimer.
A minimal full node is not terribly useful on its own; the wallet, renter, host, and other extensions are what make Sia a proper developer platform. Currently, the only implementations of these extensions are maintained by Nebulous. The Foundation will contract Nebulous to ensure that these extensions continue to receive updates and enhancements. Later on, the Foundation intends to develop its own implementations of these extensions and others. As with the minimal node software, these extensions will be open source and available in public repositories for use by any Sia node software.
With the consensus code now managed by the Foundation, the task of implementing and orchestrating hardforks becomes its responsibility as well. When the Foundation determines that a hardfork is necessary (whether through internal discussion or via community petition), a formal proposal will be drafted and submitted for public review, during which arguments for and against the proposal may be submitted to a public repository. During this time, the hardfork code will be implemented, either by Foundation employees or by external contributors working closely with the Foundation. Once the implementation is finished, final arguments will be heard. The Foundation board will then vote whether to accept or reject the proposal, and announce their decision along with appropriate justification. Assuming the proposal was accepted, the Foundation will announce the block height at which the hardfork will activate, and will subsequently release source code and signed binaries that incorporate the hardfork code.
Regardless of the Foundation's decision, it is the community that ultimately determines whether a fork is accepted or rejected – nothing can change that. Foundation node software will never automatically update, so all forks must be explicitly adopted by users. Furthermore, the Foundation will provide replay and wipeout protection for its hard forks, protecting other chains from unintended or malicious reorgs. Similarly, the Foundation will ensure that any file contracts formed prior to a fork activation will continue to be honored on both chains until they expire.
Finally, the Foundation also intends to pursue scalability solutions for the Sia blockchain. In particular, work has already begun on an implementation of Utreexo, which will greatly reduce the space requirements of fully-validating nodes (allowing a full node to be run on a smartphone) while increasing throughput and decreasing initial sync time. A hardfork implementing Utreexo will be submitted to the community as per the process detailed above.
As this is the most important responsibility of the Foundation, it will receive a significant portion of the Foundation’s budget, primarily in the form of developer salaries and contracting agreements.

Support community services

We intend to allocate 25% of the Foundation Fund towards the community. This allocation will be held and disbursed in the form of siacoins, and will pay for grants, bounties, hackathons, and other community-driven endeavours.
Any community-run service, such as a Skynet portal, explorer or web wallet, may apply to have its costs covered by the Foundation. Upon approval, the Foundation will reimburse expenses incurred by the service, subject to the exact terms agreed to. The intent of these grants is not to provide a source of income, but rather to make such services "break even" for their operators, so that members of the community can enrich the Sia ecosystem without worrying about the impact on their own finances.

Ensure easy acquisition and storage of siacoins

Most users will acquire their siacoins via an exchange. The Foundation will provide support to Sia-compatible exchanges, and pursue relevant integrations at its discretion, such as Coinbase's new Rosetta standard. The Foundation may also release DEX software that enables trading cryptocurrencies without the need for a third party. (The Foundation itself will never operate as a money transmitter.)
Increasingly, users are storing their cryptocurrency on hardware wallets. The Foundation will maintain the existing Ledger Nano S integration, and pursue further integrations at its discretion.
Of course, all hardware wallets must be paired with software running on a computer or smartphone, so the Foundation will also develop and/or maintain client-side wallet software, including both full-node wallets and "lite" wallets. Community-operated wallet services, i.e. web wallets, may be funded via grants.
Like core software maintenance, this responsibility will be funded in the form of developer salaries and contracting agreements.

Protect the ecosystem

When it comes to cryptocurrency security, patching software vulnerabilities is table stakes; there are significant legal and social threats that we must be mindful of as well. As such, the Foundation will earmark a portion of its fund to defend the community from legal action. The Foundation will also safeguard the network from 51% attacks and other threats to network security by implementing softforks and/or hardforks where necessary.
The Foundation also intends to assist in the development of a new FOSS software license, and to solicit legal memos on various Sia-related matters, such as hosting in the United States and the EU.
In a broader sense, the establishment of the Foundation makes the ecosystem more robust by transferring core development to a more neutral entity. Thanks to its funding structure, the Foundation will be immune to various forms of pressure that for-profit companies are susceptible to.

Drive adoption of Sia

Although the overriding goal of the Foundation is to make Sia the best platform it can be, all that work will be in vain if no one uses the platform. There are a number of ways the Foundation can promote Sia and get it into the hands of potential users and developers.
In-person conferences are understandably far less popular now, but the Foundation can sponsor and/or participate in virtual conferences. (In-person conferences may be held in the future, permitting circumstances.) Similarly, the Foundation will provide prizes for hackathons, which may be organized by community members, Nebulous, or the Foundation itself. Lastly, partnerships with other companies in the cryptocurrency space—or the cloud storage space—are a great way to increase awareness of Sia. To handle these responsibilities, one of the early priorities of the Foundation will be to hire a marketing director.

Fund Management

The Foundation Fund will be controlled by a multisig address. Each member of the Foundation's board will control one of the signing keys, with the signature threshold to be determined once the final composition of the board is known. (This threshold may also be increased or decreased if the number of board members changes.) Additionally, one timelocked signing key will be controlled by David Vorick. This key will act as a “dead man’s switch,” to be used in the event of an emergency that prevents Foundation board members from reaching the signature threshold. The timelock ensures that this key cannot be used unless the Foundation fails to sign a transaction for several months.
On the 1st of each month, the Foundation will use its keys to transfer all siacoins in the Fund to two new addresses. The first address will be controlled by a high-security hot wallet, and will receive approximately one month's worth of Foundation expenditures. The second address, receiving the remaining siacoins, will be a modified version of the source address: specifically, it will increase the timelock on David Vorick's signing key by one month. Any other changes to the set of signing keys, such as the arrival or departure of board members, will be incorporated into this address as well.
The Foundation Fund is allocated in SC, but many of the Foundation's expenditures must be paid in USD or other fiat currency. Accordingly, the Foundation will convert, at its discretion, a portion of its monthly withdrawals to fiat currency. We expect this conversion to be primarily facilitated by private "OTC" sales to accredited investors. The Foundation currently has no plans to speculate in cryptocurrency or other assets.
Finally, it is important that the Foundation adds value to the Sia platform well in excess of the inflation introduced by the block subsidy. For this reason, the Foundation intends to provably burn, on a quarterly basis, any coins that it cannot allocate towards any justifiable expense. In other words, coins will be burned whenever doing so provides greater value to the platform than any other use. Furthermore, the Foundation will cap its SC treasury at 5% of the total supply, and will cap its USD treasury at 4 years’ worth of predicted expenses.
 
Addendum: Hardfork Timeline
We would like to see this proposal finalized and accepted by the community no later than September 30th. A new version of siad, implementing the hardfork, will be released no later than October 15th. The hardfork will activate at block 293220, which is expected to occur around 12pm EST on January 1st, 2021.
 
Addendum: Inflation specifics
The total supply of siacoins as of January 1st, 2021 will be approximately 45.243 GS. The initial subsidy of 1.57 GS thus increases the supply by 3.47%, and the total annual inflation in 2021 will be at most 10.4% (if zero coins are burned). In 2022, total annual inflation will be at most 6.28%, and will steadily decrease in subsequent years.
 

Conclusion

We see the establishment of the Foundation as an important step in the maturation of the Sia project. It provides the ecosystem with a sustainable source of funding that can be exclusively directed towards achieving Sia's ambitious goals. Compared to other projects with far deeper pockets, Sia has always punched above its weight; once we're on equal footing, there's no telling what we'll be able to achieve.
Nevertheless, we do not propose this change lightly, and have taken pains to ensure that the Foundation will act in accordance with the ideals that this community shares. It will operate transparently, keep inflation to a minimum, and respect the user's fundamental role in decentralized systems. We hope that everyone in the community will consider this proposal carefully, and look forward to a productive discussion.
submitted by lukechampine to siacoin [link] [comments]

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

Axion - A Global Currency, Built To Serve The People

What is Axion? Per Axion's website:

AXION is the answer to our global financial markets that are on the brink of disaster.
The original solution to this impending collapse was Bitcoin, a decentralized peer-to-peer currency. However, since its inception, certain aspects of Bitcoin, such as lack of speed and high fees, have shifted Bitcoin into more of a store-of-value than a currency. Axion is the currency to address that.
With a high-interest time-locked savings account, Participants in the Axion Network are rewarded daily.

How is AXION distributed?

Anyone holding Hex2T (pre-sale) tokens will receive AXION at a rate of 1:1

Hex holders will also receive AXION 1:1, limited at 10M AXION tokens. Hex holders will also be auto-locked for a year, with 2% releasing weekly. More details can be found in the whitepaper. If Hex holders do not claim their AXION tokens, they will become available for purchase in the Daily Auction every week.

The Daily Auction

Putting Tokens and Value into your pocket.

To get Axion, it needs to be claimed by Hex & Hex2T holders, the longer they wait to claim, the more penalties they face. About 2% of their total per week. This 2% is added into a daily auction pool where people can bid using ETH on the Axion tokens within it. If you bid 10% of the ETH on that day, you get 10% of the pool rewards.
80% of the ETH paid in the auction is then used to hyperdrive both the Axion token and the stakers earnings. First, the ETH is used to purchase the tokens, boosting the token price, and then those tokens are distributed to stakers, creating a very strong positive feedback loop.

Axion Vision

Axion is on the path to becoming the ideal global currency.

For the first time in history, inflation is increasing the purchasing power of the people within the network. Axion has partnerships lined up to be integrated in online and in-person payment solutions, where you can pay for nearly everything in your every-day life using Axion. The merchants can accept FIAT (converted from Axion), or Axion itself. This is a global movement.

Axion: Built to Scale

500 Billion Initial Total Supply
1:1 Freeclaim ratio for Hex2T and Hex holders
80% of ETH Earned in auctions is used to buy back tokens
8% Annual inflation that goes Directly to stakers
100% of all purchased tokens Are distributed to stakers
No Auto-Stake For hex2t holders 100% autostake for hex holders

How to buy:

**Video Tutorials:**Metamask Install – https://www.youtube.com/watch?v=htyEeKNHX5ABuy/Sell Axion (HEX2T) – https://www.youtube.com/watch?v=vYZBOkHIM5k
How Do I Buy Axion (HEX2T)?
Step One: Purchase Ethereum from your exchange of choice (Coinbase, Binance, etc). You can also purchase Ethereum through Metamask and have it sent directly to your Metamask wallet (More details on this in Step Three). If buying through Coinbase, you’ll have the option to use a linked bank account or a debit card. Funds purchased via linked bank account will have a hold period while the bank transaction clears, funds purchased via debit card will be available for use instantly.
Step Two: Install the Metamask desktop browser extension and set up your Ethereum Wallet. You may also install the Metamask app on your Android smartphone and follow the same set up process in the linked video. (Apologies iOS users, the iOS Metamask app has restrictions that disable necessary features, you’ll have to use the desktop browser extension)
Step Three: Once you have your Metamask wallet set up and your seed words properly saved, it’s time to deposit Ethereum to your wallet.
– If you’ve purchased Ethereum on an exchange such as Coinbase or Binance, you’ll have to copy your wallet address from Metamask and withdraw the Ethereum from the exchange to your Metamask wallet address that you just copied. Be sure to check the wallet address multiple times before sending as transactions can not be reversed.
– If you’d like to purchase Ethereum directly through Metamask, you can do so using the Wyre fiat gateway that is integrated into Metamask.
Step Four: Now that you have Ethereum in your Metamask wallet, you can head over to our listing on the Uniswap Exchange to purchase Axion (HEX2T). We recommend using Fast GAS to speed up your transactions. You may also have to click on the gear icon in the top right on Uniswap to adjust your slippage limit when buying larger amounts.
– If using the Metamask app on Android, you’ll have to access the in-app browser through the menu (three bars top left of app) and paste the provided link.
– You will see a “From” input that should have ETH as the selected currency pointing to a “To (estimated)” output that should have HEX2T as the selected currency. The “From” input is the amount of Ethereum you will be spending and the “To (estimated)” output is the amount of HEX2T that you will receive for that amount of Ethereum.
– Once you enter the amount of Ethereum you’d like to spend, the button at the bottom of the page should say “Approve”. This “Approve” function allows the exchange to access Ethereum in your wallet, which is necessary to complete this transaction. You’ll click the “Approve” button and the exchange will send a transaction to your wallet, which you will have to confirm. Wait for that Approve transaction to clear and once it does the button should change from “Approve” to “Swap”.
– Now that you’ve given the exchange permission to use the Ethereum in your wallet, you can click the “Swap” button. This will send another transaction to your wallet that you’ll have to confirm. Once that transaction clears, you’ll have successfully purchased HEX2T with Ethereum!
Side Note: If you can’t see the HEX2T that you’ve purchased in your Metamask wallet’s Asset list, you’ll have to add the token to your Asset list. At the bottom of the Asset list you will see an “Add Token” button, click on that and you’ll see a “Search” and a “Custom Token” tab. Click on the “Custom Token” tab and paste the following address (0xed1199093b1abd07a368dd1c0cdc77d8517ba2a0) into the “Custom Token Address” field, the rest of the info should auto-fill. Then click the “Next” button in the bottom right, and it should display your HEX2T balance, click the “Add Tokens” button and you should now see your HEX2T in your Asset list.
**How Do I Sell Axion (HEX2T)?**To sell Axion (HEX2T), you essentially do the inverse of what you did to purchase it.Step One: Head over to Uniswap Exchange and click on ETH in the “From” input, a drop down list will appear and you’ll select HEX2T. In the “To (estimated)” output, click on “Select a Token” and select ETH. To clarify, if you want to sell, HEX2T should be on top, ETH should be on bottom.
Step Two: Enter the amount of HEX2T you’d like to sell in the “From” input, the button at the bottom of the page should say “Approve”. This “Approve” function allows the exchange to access HEX2T in your wallet, which is necessary to complete this transaction. You’ll click the “Approve” button and the exchange will send a transaction to your wallet, which you will have to confirm. Wait for that Approve transaction to clear and once it does the button should change from “Approve” to “Swap”.
– Now that you’ve given the exchange permission to use the HEX2T in your wallet, you can click the “Swap” button. This will send another transaction to your wallet that you’ll have to confirm. Once that transaction clears, you’ll have successfully sold HEX2T for Ethereum!
If at any point you feel that you need help in this process, please do not hesitate to join our fast growing Discord or Telegram. Once you’re in either of those communities you’ll be able to ask an admin or moderator for assistance.

Legal

Their legal proposal is 95% complete, per their Discord announcement - and most likely be finished in the coming days.

Charts:

http://chartex.pro?symbol=UNISWAP:HEX2T/USD
https://www.coingecko.com/en/coins/hex2t

According to the infamous Jeff K...


TLDR


Axion WHITEPAPER

submitted by kylejames87 to CryptoMoonShots [link] [comments]

How exactly is dirty bitcoin being reintroduced into the banking system?

I am a Fraud and AML investigator for a living, and although I come across lots of fraud involving bitcoin my day to day role doesn't take me much into the deeper aspects of things.
I understand how bitcoin generated through illegal activities can be tumbled and transferred between wallets and whatnot to distance from the source of the funds, but what I don't understand is how the bitcoin is then reintroduced back into the banking system.
The darkweb had used bitcoin to sell massive amounts of drugs, so clearly, something is happening with these coins and someone is cashing them somewhere. I do know that illicit exchange services exist or have existed, but surely this must only account for a small amount of the dirty bitcoin being converted back to currency?
With the massive amount of KYC regulations in place and the stigma behind bitcoin, I would think it would be nearly impossible to find a bank willing to touch large amounts of bitcoin even if full documentation and compliance requirements are met!
Are these criminals just holding on to their bitcoin and using it as leverage to secure black market loans or deals?
I have tried to do research online for news sources, books, articles, court transcripts, anything that talks about this in depth but nothing I find is very clear about how criminals are doing this.
Any and all information about this you can point me towards would be greatly appreciated. I have a job interview coming up, and I want to make sure I know what I'm talking about.
submitted by Lmaofucktony to Bitcoin [link] [comments]

Questions About Monero Anonymity and Privacy

Hi! I am new to the Monero community and I am trying to figure out how this all works. I have tried reading online guides and explanations but I am still a little bit lost about some of this. Specifically, I want to know how Monero is private insofar as it relates to us purchasing the currency through non-private means.
Specifically:
1) If I set up a Monero wallet and then purchase Monero either by using a credit card (with my name on it) or BitCoin (with the public ledgeblockchain and with an exchange having logged my personal information), how does Monero "hide" my identity? Isn't the fact that I purchased the Monero with currency/account/credit card that is linked to my real world identity compromising it?
2) Say I want to make a confidential online purchase through a more traditional currency, such as BitCoin, and I use XMR.to to convert the Monero to BitCoin, using a BitCoin wallet that is not linked to my real world identity (using TOR, TAILS, etc.). Won't the compromised account from #1 expose my identity when I try to use BitCoin transferred from Monero? Would I need to send the Monero to another Monero wallet and *then* transfer to a new BTC wallet, like twice over?
I guess I am trying to figure out at what point my identity is exposed using Monero and at what point my identity is hidden.
Thanks in advance and sorry for the n00b questions.
submitted by APairofDocks to Monero [link] [comments]

Best places to trade your Ripple/XRP (longer read)

In the past when you heard the word ‘cryptocurrency’, the first thing that came to everyone’s minds was Bitcoin. To some, this is still the case; they believe that Bitcoin is the cryptocurrency and the vice versa to also be true.
Of course, the statement is correct in one way; Bitcoin is a cryptocurrency, but cryptocurrency is not made up of only Bitcoin but a host of other currencies. One of these currencies is Ripple.
When it comes to the top five cryptocurrencies with the highest capitalization, Ripple needs no introduction as it has managed to secure a position of being the third most traded cryptocurrency around the world. Perhaps this is due to the fact that Ripple is the only cryptocurrency with a backing from traditional legacy financial institutions.
In addition, the coin has been integrated into the operation of thousands of small businesses around the world.
At this juncture, it is only fair that you learn how to be a part of this great innovation. Thankfully, that is what this guide is all about, showing you some of the best trading platforms for Ripple.
There are numerous exchanges that offer decent exchange rates and well-matched trading pairs, but I’ll only narrow down to some of our best picks to help you get started fast.

What is Ripple (XRP)?

Ripple is a cryptocurrency, a currency exchange, a real-time gross settlement payment system, and a remittance network powered by Ripple. As I mentioned before, this is the third most capitalized cryptocurrency asset after Bitcoin and Ethereum.
XRP allows enterprises such as banks and other financial service providers to offer their clients a reliable option to source for liquidity for cross-border currency transactions.
Ripple is a distributed, open-source platform that seeks to capitalize on the weaknesses of the conventional money payment systems such as credit and debit cards, PayPal, bank transfers, among others. According to Ripple, these payment systems expose users to a lot of transaction delays and restrict the fluidity of currencies.
The platform aims at replacing traditional payment systems through offering a faster, safer, and more convenient alternative for making payments.
Both the platform’s exchange and tokens are called Ripple, and their mantra states one frictionless experience to send money globally.

Where Can I Trade XRP?

Most exchanges that trade Ripple are limited to crypto-to-crypto transactions. This means that you can only trade Ripple with another cryptocurrency and not fiat currencies such as the euro or the dollar.
You’ll need to acquire the currency you wish to trade with XRP on a platform that accepts fiat, and once that happens, you can proceed to trade the two currencies.
There are several great platforms that offer XRP trading; below are just a few:

Buying XRP on Binance

Binance is an exchange that was established in 2017 but has bagged a reputation worth over 10 years of existence. This, the team claims, is due to a number of features offered by the platform including better security controls, low trading fee (0.05%), as well as its faster transacting speeds.
To buy or trade XRP on Binance, you’ll need to set up an account on the exchange. The platform offers a fast signup process and actually accepts users from all around the world.
Once you’re done signing up, navigate to the fund’s section and click on “Deposits”. You will find all the listed cryptocurrencies supported by the Binance platform.
Since Binance does not support the purchase of Ripple using fiat currencies, you’ll need to acquire another cryptocurrency such as Bitcoin or Ethereum and use it to acquire XRP.
This will require you to use a platform such as Coinbase that accepts fiat currencies when buying cryptos. Getting started on Coinbase is quite simple. Head over to their website and click on the “Get Started” icon on the top right corner of your screen.
Fill in the required fields and read through their User Agreement and Privacy Policy documents, then create your account.
You’ll receive an email that will require you to verify your signup details together with your phone number.
You will then gain access to your created account.
Proceed to buy your coins; preferably, choose either Bitcoin or Ethereum as they have higher liquidities. Once you’re done, your coins will be received in your online Coinbase account.
Head over to the menu indicated as “Account” and click on it.
Click on “Send” and enter the number of coins you wish to send to your Binance wallet. Copy and paste the address of your Binance account to Coinbase, then click send to transfer the funds.
The purchased cryptocurrency will be received and on Binance, you can go ahead and trade it with Ripple.

Buying XRP on Bittrex

Just like on Binance, you’ll need to create an account on Bittrex to get started.
The process is pretty much straightforward, only requiring you to sign up using your email address and password.
Once you’re done signing up, click on the wallet tab. You will be taken to a page where you can view all the deposit addresses of the cryptocurrencies on the Bittrex platform.
You can then choose the currency to use to purchase XRP, after which, you will be required to type in the code of the currency you will be using to purchase Ripple. If you’re using Ethereum, you can type in the search bar “ETH” and then click on the green arrow to reveal the deposit address. In case you will be sending the funds from a different exchange, you’ll need to paste the address to that platform.
Next, you’ll need to send funds to your Bittrex account. Bittrex permits payments using both fiat and cryptocurrencies. So, depending on what you will be using, send money to your online wallet and proceed to trade it with Ripple.

Buying XRP on Changelly

Changelly is another Ripple exchange that requires you to use either Bitcoin or Ethereum to acquire XRP.
The exchange doesn’t have an inbuilt wallet, so you’ll need to store your funds on a separate hardware or software wallet. You can pretty much use any type of wallet, but the most secure ones are the hardware ones as they store your coins in an offline cold storage area.
Ripple prefers not to have many unutilized accounts being set up on its platform; this is why you’ll need to have a minimum of 20 XRP in your account for you to get started. However, if your first transaction will be more than 20 XRP, then you’re all set.
Once you have a wallet ready for your Ripple, head to the Changelly site and click on “input currency”. Here, you will be able to enter the currency you wish to trade for Ripple.
You can basically pick and use any coin listed on the site, but it is highly recommended that you use either Bitcoin or Ethereum due to their high liquidity.
The output section will have Ripple, which is the currency you wish to receive.
The next step will require you to key in your XRP address, which is your Ripple address and the destination tag, which is a description of the transaction.
You can now proceed to trade your chosen coins for Ripple. The transaction shouldn’t take long, and you will be able to receive the coins in your Ripple wallet.

Cryptmixer

Cryptmixer is a platform that assists users to swap XRP with 5 other assets freely. The interface lets users convert assets directly from one’s wallet, without having to create an account or register. Besides, the service helps to compare different providers and find a suitable deal for handling Ripple transactions securely, rapidly, and at the best rate.
The process of using Cryptmixer is quite simple:
  1. Go to the main page, choose the currency you’d like to swap, and enter the amount.
  2. Choose XRP to receive.
  3. Review the amount to see how much you will receive. Cryptmixer will automatically find the best rates for your trade.
  4. Click Exchange.
  5. Then, enter the wallet address that you wish to use.
  6. Send in the deposit to the generated wallet address and wait for the transaction to be processed.
What makes Cryptmixer a great fit is that it provides a very simple layout and quick process so it’s not chore when you trade your crypto. The support line also takes on the job of solving the cases by cooperating with users with top priority.
To learn more on how to exchange XRP at the best rate check https://cryptmixer.com

Buying XRP on Coinmama

Coinmama is a cryptocurrency exchange that has been around for quite a while now. The Coinmama team has been adding more coins on their platform over time to be able to provide its users with a wider variety of trading pairs.
More recently, the platform included Ripple on its platform. However, Coinmama does not allow US-based users to purchase Ripple due to some stringent laws and regulations surrounding the coin.
But for non-US users, you can proceed to create your account on the platform and locate Ripple among the listed assets.
Once you’ve created your account, navigate your way to the area with the list of assets. Select one of the provided packages and proceed.
You’re required to have a crypto wallet prior to making any purchase on the platform, so be sure to have a valid wallet address before completing the purchase. Once that’s done, purchase your Ripple coins and they will be delivered to your wallet.

Storing Your Ripple Coins

Online storages are never safe for cryptocurrency assets. Individuals have woken up to all sort of horrific sceneries on their accounts that left them bankrupt with no one to turn to.
One of the most important concepts you need to grasp about online businesses is the security of your transactions.
Cryptocurrency burglars are everywhere and are getting smarter by the day; this means that traditional ways of guaranteeing the security of your online assets are no longer effective.
Most exchanges have top-notch security standards, but the safety of your cryptos begins with you. A great way of ensuring that your funds are secure is by getting an offline storage device for your coins. I’ve seen great reviews on two hardware wallets that I highly recommend; these are the Ledger Nano S and Trezor wallets.
After getting the wallet of your choice, keep your personal data such as passwords and secret words private; this will ensure that no one else gains access to your wallet even if you misplace it. Writing your password or PIN on open places or somewhere in your phone might not be a good idea; yes, it may be convenient for you, but it will be for the burglar too.

What method of purchasing XRP is considered to be the best?

The most secure and common way of acquiring Ripple is through buying Ethereum or Bitcoin from Coinbase or Coinmama, then transferring the same to Cryptmixer to use to exchange with Ripple.
This is because Ripple is currently not available for purchase by using fiat currencies.

What is the best trading platform for Ripple?

Ripple is available on a decent number of exchanges including Binance, Coinmama, Coinbase, Bittrex, Cryptmixer, and more. However, among the stated ones, I have found Cryptmixer to be more secure and easier to use while it also offers the best trading rates and fees.

The Bottom Line

As we conclude, you now have some of the best choices when it comes to the exchange to acquire Ripple coins. After buying your XRP coins, store them offline on a secure device due to the risk of being faced by threats such as hacking or system failures.
If you’re serious about making cryptocurrency your investment vehicle in the long run, consider investing in a more lasting security solution such as a hardware storage device. You may not get them for a few pennies, but trust me when I say they are worth every last dime you spend on them.
submitted by MonishaNuij to MonMonCrypto [link] [comments]

Royal Vegas Casino Canada 50 free spins bonus on jackpot games

Royal Vegas Casino Canada 50 free spins bonus on jackpot games

Royal Vegas Casino Full Review
Looking for free spins to Royal Vegas Casino Canada? Here you are: 50 free spins on Mega Moolah Abslolootely Mad Jackpot? In addition, get $1200 welcome offer across your first 3 payments.
>> Play Free Spins Now <<

Bonuses & Promotions

We appreciate the bonus and promotional program that this casino has put together for its players for a few reasons.
The first is that the site and the program are not overwhelming and packed with a reload bonus here and a reload bonus there and throw in some free spins three times a day as long as you make ten deposits a week. You know, that type of thing…
Instead, there’s a standard welcome bonus package that’s nothing different than most that you’ll find through internet casinos. But, what creates some real value add opportunities are the loyalty program plus the limited time promotions.
We’re going to detail the current promotion for you in just a minute but, what’s great about it is that there’s no deposit required If you’re on the site to do some betting, you can get in on the action and have some fun participating and spinning the wheel for prizes. It’s frustrating to see some great rewards up for grabs but then read the small print and find out that it’ll cost you hundreds to even get in the running, and that’s not the case here. Play your favorite game and wager as you normally would, and you’re part of the promotion.
>> Play Free Spins Now <<

$1,200 Welcome Bonus Package + 50 Free Spins

New players can get in on a three-part reward that includes both a deposit match plus some free spins on three different designated slot games. That’s good news. The not quite as good news is that you have to rollover the bonus 40 times before you can cash anything out. This site offers two types of tracking, though, so you’ll need to get further clarification on meeting any wagering requirement and find out if you’re on a percentage tracking system or in protected bonus mode as it will make a difference.

The Welcome Package

  • #1: 100% matching bonus up to $400 plus 50 free spins on MEGA MOOLAH
  • #2: 100% matching bonus up to $400
  • #3: 100% matching bonus up to $400

Limited Time Promotions

Royal Vegas features a current promotion that runs for about a month or so, and it also provides information on past contests so new players can get a good idea of what to expect in the future.
When we checked in, the current promotion was “Wild Wins” with a €300,000 instant prize pool at stake. This is the kind of bonus that we like to see because it’s not tied into a deposit requirement. Those types of things get old. You want some extra value while you’re playing instead of having to fund your player account over and over again.
So, the way Wild Wins works (say that three times fast) is that you log in and play your favorite game in the casino. The more you bet, the faster you fill your progress bar with rewards points. Every time you get up to 100% on that meter, you get a spin on the jungle wheel
The jungle wheel has prizes that include free spins, rewards points, or a trip to the bonus round where you can get in on the big stuff. They’re all instant prizes, and you can spin as many times as you fill that progress bar.
>> Play Free Spins Now <<

Royal Vegas Rewards Program

If you’re familiar with online casino VIP programs, you’ll immediately understand this one. It’s a four-tiered club, and every new player is automatically enrolled as soon as they complete registration of their betting account.
The tiers are:
  • Silver
  • Gold
  • Platinum
  • Diamond
Silver is the starting point and, just to get the ball rolling, new members get 2,500. From there, points are earned based on your betting, with slots providing one point for every credit bet. Some table games provide at a rate of one point per five credits but, when you get to Classic Blackjack and All Aces Video Poker, you need to do some substantial wagering. It takes 100 credits to earn one point when you play those two games.
As soon as you earn 10,000 in one month, you hit the Gold status and then you’ll receive a birthday present, accelerated earnings, and a monthly loyalty bonus. Get all the way to Platinum with 75,000 points in one month, and all of those rewards are multiplied significantly. Plus, once you reach 5,000 points you can convert them to cash whenever you want. They exchange at €1 for every 1,000 points redeemed. Cash to points and points to cash.

Money Transfers – In and Out

If you’ve read some of our reviews, you may have noticed that we like full disclosure when it comes to banking. We want to see options right up front for everyone to review and not hidden behind a password so that customers need to register to find out if they can even deposit using their financial accounts.
While this casino does provide a good, detailed list of all of the available financial providers that they use for deposits and withdrawals, what it doesn’t provide is accurate information on their turnaround times for processing and any fees that may be imposed.
It does say that some fees may apply, and we do know that there is a minimum 24 hour waiting period before an internal approval is made on cash out requests, but that’s the extent of it.
We’re putting the focus on this because cash outs with Royal Vegas are one of the most discussed topics in player forums about the casino. You will see some very complimentary comments stating they had money in hand within seven days. But, you’ll also find some people report that they went through a very lengthy withdrawal process and didn’t feel that customer service did much to help them or clarify things.
Just like opinions, money issues will vary from person to person so we can’t give a definitive answer here, but you will want to keep this information in mind if you are someone who demands a quick turnaround as you may not find one through this site.
>> Play Free Spins Now <<

Deposit Options

It’s typical for a casino to have many ways to deposit and fewer withdrawal methods and that is also the case here. But, there are so many withdrawal options that the expanded “cash in” list goes on and on. Unless you are a Bitcoin user, your preferred banking method is surely on this list.
The minimum deposit for all of these methods is 10. However, you can sign up with a lower minimum deposit, but then forfeit the free spins that are included in the welcome bonus package.
That’s quite a list, isn’t it?! There are some other currency restrictions but just click on banking and then the deposit tab and you’ll be able to review the currency options that specifically apply to you.

Withdrawals

There aren’t specific guidelines on payout approvals and fees. The internal approval takes a minimum of 24 hours and could take longer and then it’s in the hands of the payment processor or bank.
  • Visa Credit Card
  • Visa Debit Card
  • Solo
  • Neteller
  • Skrill
  • ecoPayz
  • Entropay
  • Instant Banking by Citadel
  • WebMoney
  • CartaSi by Moneybookers
  • Diners Club
  • GiroPay by Moneybookers
  • Solo by Moneybookers
  • Nordea by Moneybookers
  • Sofort by Moneybookers
  • Cheque
  • iDebit
As far as fees, we contacted customer service and were told that any charges depend on the method that you’re using. They don’t have published guidelines, so you will want to keep that in mind. We highly suggest contacting customer service and providing your country, currency, the financial method you’re selecting, and approximate transfer amount and get all of the details up front, so you’re not disappointed later.

Game Variety

Thumbs up to Royal Vegas for providing a great variety that includes specialty, video poker, some unusual table games, and both reel and video slots courtesy of Microgaming. Not all of them appear in the mobile casino, so specialty players need to pull up the full website version.

Audio and Video Quality

As long as you have Flash installed first, the user interface is very easy, and the quality is as good as it gets with these particular titles. We found them to be fast loading and the graphics crisp and clear.

Software

  • Microgaming
  • Evolution Gaming
  • Netent

Mobile Casino

171 games appeared for us on an Android device. While we couldn’t find the specialty games, slots, table games, video poker, and the full live casino area were all ready to go for us with a clear picture and touchscreen operation.

Slots: 350 (148 on mobile)

The slot banks are all together as there aren’t different versions separated out, but you can sort them alphabetically or search for a particular title to quickly locate your favorite. Slots can also be played in free play mode so you can try out some without risking money at the same time.

A Few of the Newer Games Include

  • 108 Heroes – Multiplier Fortunes
  • Gnome Wood
  • Emoti Coins
  • Oink Country Love
You can even filter the games with a Hot and Cold designation. If you use that particular function, you’ll get a new list of games with either flames or a snowflake next to them, which is kind of a fun way to narrow down your selections.

Some of the Reel Slots

  • Jurassic Jackpot
  • Bar Bar Black Sheep
  • 7 Oceans
  • Couch Potato
  • Flo’s Diner
  • Jester’s Jackpot
  • Wheel of Wealth
  • Jewel Thief
  • Joker 8000
  • Gladiators Gold

Video Slots

And, what Microgaming is known for, those intricate video slots with amazing graphics and video, and featuring some unusual bonus games.
  • Jungle Jim El Dorado
  • Thunderstruck II
  • Shoot!
  • Jurassic Park
  • Bridesmaids
  • Jekyll and Hyde
  • MegasSpin – Break da Bank Again
  • Game of Thrones
  • Wheel of Wealth – Multiplayer
  • Hitman

Progressive Jackpots

When you talk about slots provided by Microgaming, the focus is usually more on the progressive jackpots as this software giant offers some of the more well-known big money games. Royal Vegas provides a running total of the current combined progressive amounts available on the site. Just in case you were wondering, it was $6.2 million when we last checked.
  • Mega Moolah
  • Mega Moolah Isis
  • Major Millions
  • Cash Splash
  • Treasure Nile
  • King Cashalot
  • Tunzamunni
  • Fruit Fiesta
  • Lots a Loot
  • Jackpot Deuces
  • Wow! Pot
  • Cyberstud Poker
Major Millions, Fruit Fiesta, and Lots a Loot each have two versions, a three reel and a five reel but boast the same top payout amounts.

Video Poker: 26 (seven on mobile)

It can get monotonous to talk about video poker as it’s typically not well-represented on online casinos compared to its presence in brick and mortars. When it is online, there are usually only a few of the most basic games like Jacks or Better and Deuces Wild. While this site’s video poker collection isn’t what you would call massive, there are some fun variations that we appreciate, as it gives those poor neglected poker players some choices.
  • Tens or Better
  • Louisiana Double
  • Deuces Wild 4 Up
  • Aces and Faces Poker
  • Cyberstud Poker
  • Deuces and Joker Power Poker
  • All American
  • All Aces
  • Bonus Poker Deluxe
  • Aces and Eights

Table Games: 50 (eight on mobile)

When you access the table game area, you’ll see 58 tables as opposed to 50 but that’s because the live dealer tables are also included, and we’re breaking them out so you can get a better picture of what this casino has to offer.
A few of the “non live” options include:
  • Double Exposure Blackjack
  • Vegas Strip Blackjack Gold
  • Big Five Blackjack Gold
  • Multi Wheel Roulette Gold
  • Three Card Poker Gold – Single Hand
  • Baccarat Gold
  • Hold ’em High Gold
  • High-Speed Poker
  • European Blackjack Gold Series High Streak
  • Craps

Scratch Cards: 20 (zero on mobile)

Although we didn’t find any of these games on our smartphone, there are plenty of specialty type games on the full website for instant or download play.
  • Flip Card
  • Wild Champions
  • Mumbai Magic
  • Card Climber
  • Golden Ghouls
  • Bowled Over
  • Plunder the Sea
  • Offside and Seek
  • Halloweenies
  • Dawn of the Bread

Casual Games: 33 (zero on mobile)

Another section that we couldn’t find in the mobile casino, but this casual games section has a lot of variety to it
  • Hexaline
  • Keno
  • Four by Four
  • Whack a Jackpot
  • Max Damage and the Alien Attack
  • Pharoah Bingo
  • Electro Bingo
  • Pick ‘N Switch
  • Beer Fest
  • Bubble Bonanza

Live Casino: eight (eight on mobile)

Although live casino doesn’t appear in the middle menu where all of the other gaming menu items are featured, there is a live casino selection from the top menu. Oddly enough, though, when you click on it, it takes you to the main slots area. At first, we didn’t think there was a live casino, but when we headed into the table game section, there were eight live tables in action.
Except for Live Dream Catcher, the tables in the in this area are provided by Evolution Gaming.
  • Live Dream Catcher
  • Live Blackjack
  • Private Blackjack (2)
  • Live Casino Hold ’em
  • Live Caribbean Stud Poker
  • Live Roulette
  • Live 3 Card Poker

Customer Service

  • Contact Email: via contact form
  • Contact Phone (Canada): 1-866-7452416
  • Contact Phone (Australia): 1-800-658640
  • Contact Phone (other areas): different numbers per language in the contact us area
  • WhatsApp: +27 76 073 9635
  • Skype: Link on Contact Page
  • Live Chat: Available 24/7
We did make contact with the customer service department to clarify a few things about their banking minimums and fees. In some forums, we saw that players weren’t answered promptly, but our live chat started within one minute. The most we waited for a reply to one of the questions was three minutes.
On the other hand, we weren’t overwhelmed with the quality of the responses. It was like pulling teeth to try to get an answer and, when we did, it was short and barely scratched the surface of what we asked. So, we can certainly understand the frustration that some people experienced, especially if they were trying to get information on a payout they’re owed.

Summary

When we look at a casino that features one and only one software provider, it’s difficult to be creative in our assessment. Microgaming is a top company and offers some of the best games around, so slot players who know these games already know what to expect.
If you pull up the Microgaming website and look at their top “creations,” you’ll find most, if not all, of them on Royal Vegas, not to mention those big jackpot providers like Major Millions.
We do like that this site offers more than just a focus on slots. The specialty games area is chock full of possibilities for people who would rather play something different. There are a lot of players who enjoy keno or bingo or scratch offs, and they’re all set as long as they play the full site version and aren’t mobile casino players.
Video poker and table games are plentiful and have a good variety in addition to a suitable quantity.
Evolution Gaming is behind the live dealer tables, and it’s one of the best for this type of “real person” table action, so that’s another feather in Royal Vegas’ cap.
Taking a look the rest of the service, though, there are some positives and negatives.
>> Play Free Spins Now <<
submitted by freespins1 to u/freespins1 [link] [comments]

How to purchase and exchange your litecoin! (longer read)

This post will show you the best ways to buy litecoins using many different payment methods and exchanges for each method.
Before you start, make sure you have a good litecoin wallet to store your LTC. NEVER store your litecoins on a crypto exchange.

Popular Exchanges

eToro
Coinbase
Coinmama

Buy Litecoin with Credit Card or Debit Card

Let’s dive into some of the exchanges supporting Litecoin credit card purchases.
These exchanges are our favorite ways to buy.

Coinbase

Coinbase is the easiest way to buy litecoins with a credit card.
Coinbase is available in the United States, Canada, Europe, UK, Singapore, and Australia.
The fees will come out to 3.99% per purchase.
Here is a good video that can help walk you through the process of buying on Coinbase, although it’s fairly easy.

Coinmama

Coinmama recently added the ability to buy litecoin directly on the platform. Users from nearly any country in the world can use Coinmama to buy litecoins.
Coinmama has some of the highest limits among credit card exchanges.

BitPanda

BitPanda is based in Austria and is a crypto brokerage service. You can buy using a credit card from most European countries.

CEX.io

CEX.io is based in the UK and is one of the oldest crypto exchanges online.
CEX.io supports litecoin and its users from nearly anywhere in the world can buy litecoin with credit card on the platform.

Buy Litecoin with Bank Account or Bank Transfer

Coinbase

Coinbase is the easiest way to buy litecoins with a bank account or transfer.
Coinbase, like is is for credit cards, is available in the United States, Canada, Europe, UK, Singapore, and Australia.
Coinbase is one of primary exchanges used to buy Litecoins.
Americans can use ACH transfer (5–7 days wait), and Europeans can use SEPA transfer (1–3 days wait).
The fees will come out to 1.49% per purchase.

BitPanda

BitPanda is based in Austria and is a crypto brokerage service. You can buy using SEPA transfer from most European countries. You can also use SOFORT, NETELLER, or GiroPay.

CEX.io

CEX.io also supports litecoin buys via bank account. This is via wire transfer for US citizens, SEPA for Europe, and SWIFT for the rest of the globe.

Binance

Binance is now one of the largest if not the largest cryptocurrency exchange in the world. It supports bank and card purchases of Litecoin as well as Litecoin trading pairs with Bitcoin and Etehreum.

Get a Litecoin Wallet

Before we move onto other options:
Never store your litecoins on an exchange!
Always withdrawal your litecoin to an offline cryptocurrency wallet like the Ledger Nano S or any other wallet that you control.
The Ledger Nano S and TREZOR are the best options for secure storage.

Other Methods to Buy Litecoin

If you don’t have a card or want to avoid the high fees, you can use the following methods to buy Litecoin as well.
Find out which one works best for you.

Buy Litecoin with PayPal

Unfortunately, there is no easy way to buy Litecoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case.
You can, however, now use eToro to buy Litecoin, unless you live in the United States.
If you live in the US, the only way to buy Litecoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litecoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Coinbase Pro to swap the Bitcoin for Litecoin.

Buy Litecoin with Cash

There is no good way to buy litecoins with cash. LocalBitcoins is the most popular way to buy bitcoins with cash, and it does not have Litecoin support. Other popular cash to Bitcoin exchanges like BitQuick and Wall of Coins also do not support LTC. So you will have to first buy bitcoins with cash then exchange them for LTC using the method described below.
The same goes for Bitcoin ATMs. Most do not support Litecoin. So if you want to buy litecoins at a Bitcoin ATM you first have to buy bitcoins and then trade the BTC for litecoins.

Buy Litecoin with Bitcoin

If you already have Bitcoins then it is VERY simple to convert some of your BTC to litecoins.
You just need to find an exchange with the LTC/BTC pair, which is most exchanges since LTC/BTC is a very popular pair to trade.

Buy Litecoin with Skrill

BitPanda, mentioned above, also accepts Skrill payments for LTC. The fees will vary and are simply included in your buy price.

Cryptmixer

Cryptmixer is probably the fastest way to convert BTC to Litecoin. You just enter the amount of LTC you want to buy, and give them a LTC address. Then they will tell you how much BTC to send to their address. Once your BTC is sent, you will have LTC delivered to your wallet very shortly after.

Buy Litecoin with Ethereum

Ethereum has experienced a massive price rise. Nearly a year ago it was $10, and now at over $500, many want to move some of their ETH gains into other coins like Litecoin.
Litecoin has very good liquidity, and is very popular among traders especially in China.
So this guide is going to show you how to buy litecoins with Ethereum. We will show some of the best exchanges you can use, and the pros and cons of using different types of exchanges over the other.

Cryptmixer

Cryptmixer is one of the most unique exchanges, and also one of the fastest ways to convert your ETH to LTC.
With Cryptmixer you do not even need to store your money with the exchange, meaning you are at very little risk of getting your funds stolen.
With Cryptmixer you simply specify the amount of LTC you want to buy, and specific the address to where your litecoins should be sent and within 30 minutes you will have LTC delivered to your wallet.

Poloniex

Poloniex is the world’s largest altcoin exchange. However, there is a huge downside to using Poloniex to convert your ETH to LTC:
Poloniex does not have a LTC/ETH market, meaning you have to first trade your ETH to BTC, and then trade your BTC for LTC.
While this method works, you will have to make multiple trades and also pay fees twice.

ShapeShift

Shapeshift is basically the same as Cryptmixer, and was actually the first company to come up with the concept of an exchange that does not hold your own funds.

Frequently Asked Questions About Buying Litecoin

Many of you may still have lots of questions about how to buy Litecoin.
Odds are we have answered almost any question you could think of below.
We will aim to answer many of the most common questions relating to buying Litecoin.

Why are there limited options to buying Litecoin using other altcoins?

The issue in all crypto markets is liquidity. As the space gets bigger, the liquidity also gets better. But as of now, the only VERY liquid cryptocurrency is Bitcoin. So exchanging two altcoins between each other is often harder than if BTC was involved on one side of the trade.

How much is a Litecoin worth?

Like all currencies, the value of Litecoin changes every second. The value of Litecoin also depends on the country you are in and the exchange you are trading on. You can find the most up to date price on Coinbase.

How do I buy Ripple (XRP) with Litecoin?

The best way to buy Ripple using Litecoin is to either use a non KYC exchange like Cryptmixer or start an account on Binance or Coinbase Pro and sell your Litecoin for Ripple. Look for LTC/XRP trading pairs, and make your trade.

How long does Litecoin take to confirm?

Litecoin blocks are added ever 2 and a half minutes. That means you should get one confirmation every two and a half minutes. This can vary if it takes miners longer to discover a block, but the difficulty of the finding a block should change proportionate to the hashing power on the network so that a block gets added approximately every 2.5 minutes.
If you are trying to send money to a merchant, they may require more than one confirmation before they send you products. If you are depositing on an exchange, they may also require three or more confirmations before they credit your account.

How many Litoshis make one Litecoin?

one hundred million (100,000,000) Litoshis make one (1) Litecoin.

Where do I store Litecoin?

The best place to store litecoin is on a hardware wallet. You can find the best one for you on our page dedicated to hardware wallets.

When is the Litecoin halving?

The expected date of the next Litecoin block reward halving is August 7th, 2023.

Why can litecoin take so long to buy?

Litecoin can take long to buy because the legacy banking system is very slow. If you are buying with another cryptocurrency, you will see how fast it is to buy!
Bank transfer in the USA, for example, take about 5 days to complete. So any purchase of Litecoin made with a US bank transfer will take a minimum of 5 days.

How do I buy Litecoin with Paypal?

Unfortunately, there is no easy way to buy Litcoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case.
You can, however, now use eToro to buy Litcoineum, unless you live in the United States.
If you live in the US, the only way to buy Litcoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litcoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Cryptmixer to swap the Bitcoin for Litcoin.

Can you buy partial litecoins?

Yes, litecoin, like Bitcoin, is divisible to many decimal places so you can buy 0.1 LTC, 0.001 LTC, etc.

Can you sell litecoin?

Yes, you can sell LTC on most of the exchanges mentioned above. The fees, speed, and privacy is the same in most cases.

Can anyone buy litecoins?

Anyone is free to buy litecoins, as long as you find an exchange that supports your country. Most cryptocurrency wallets do not require ID to sign up so you can always make a wallet and get paid in litecoin, too.

Which payment method is best to use?

For speed, credit card will likely be fastest. For larger amounts, bank transfer is best. For privacy, it’s best to buy bitcoins with cash and then trade for litecoins using Cryptmixer or Shapeshift.

Is it better to mine or buy litecoins?

If you have cheap electricity, it might be worth it to mine litecoins. If you have solar power or just want to mine for fun then it could be worth it. Otherwise, it’s probably better just to buy.
Mining is constantly changing and small changes in Litecoin price or electricity can greatly affect your profitability.

What should I do with my litecoins once I buy?

You should immediately move your litecoins into a secure wallet. You should never leave your litecoins on an exchange. There have been countless hacks in cryptocurrency since Bitcoin was created in 2009. Hundreds of thousands of people have lost money. So buy your litecoins, and then instantly send them into a wallet you control so you are not at risk of losing money to a hack or scam.
submitted by MonishaNuij to MonMonCrypto [link] [comments]

Some merch store ideas

The new releases on the merch store are awesome, and I'm looking forward to picking some of it up when things are back in stock. I'm sure more products are being prepped for the store as I make this post, so I want to throw in some suggestions for things I think people would be interested in seeing!
That's all that I have for now. Some TG flashdrives, blank object keycards, and a few GP coins sound like something I'd buy in a heartbeat! If I come up with more I'll add it in a section after this.
submitted by TacticalToaster6 to EscapefromTarkov [link] [comments]

From 10000 to 10 Million: Coin Circle KOL Happy Shares the Road of Gold Mining in China

From 10000 to 10 Million: Coin Circle KOL Happy Shares the Road of Gold Mining in China
On July 27,2020, Bitcoin soared from US $9900 to US $11400, a 15% increase in a single day, opening the first round of global cryptocurrency market outbreak after the epidemic.Since then, different currencies have been soaring in turn every day.A few days ago, I attended a private gathering of cryptocurrency circle in Silicon Valley, and got to know a veteran of currency circle named XX.XX is a China expert and an early investor of TRX, OMG and EOS. It started from $10000 and now has a value of more than $10 million. It is called China bitbutcher in a small circle.The author and XX talked about a lot of dry goods, now sorted out to share with you, interested can add my telegraph group(https://0.plus/bpopaha)Discuss it together.The following is the account in XX’s own words.
Firstly, you need to understand the market.
Some people call me China Bitbutcher. In fact, there are many people who make more money than me in the Chinese market. Although the projects invested are different, they all have one thing in common, that is, they all have a better understanding of the Chinese market. At least you have to install a Wechat. You see, I have added many groups of Chinese investors to collect information and study their investment characteristics. For example, this expression pack is very representative.

https://preview.redd.it/lf8vonlf5ft51.png?width=554&format=png&auto=webp&s=d7821b57d41984254f8fc6643a5f084565db8749
"show-hand" here is the transliteration of show hand, which means that you can bet all your cash on a single coin. If you only bet on one coin, you will have either heaven or hell.Whenever a KOL starts to shout for orders, the retail investors in the community will rush to get into the gold and shout the slogan of "show-hand". The lucky ones who get into the gold earlier will get several times or even dozens of times (or higher) return on investment.
Similar to the "Beat Generation" born after World War II in the United States, today's young people in China are called "post-90s" and "post-00s". Although they don't have to worry about food and drink, their limited income is far behind the increase in urban house prices and living costs. Houses and cars are the necessary conditions for young Chinese men to marry their wives.As a result, these young people tend to be very aggressive in investment, and there are many people eager to make tens of thousands of dollars with thousands of dollars.At present, there are millions of investors in China's currency circle, which is equivalent to the total population of some small European countries. Behind this, there are tens of millions of stock investors who will turn to coin circle people at any time. Since the popularity of ICO in 2017, China has produced dozens of hundreds or even thousands of times projects such as Neo, TRX, ONT, etc., and tens of billions of dollars of funds have been taken out and deposited from the pockets of investors in the currency circle. At the same time, there are also a large number of gold miners (most of them are foreigners) who have absorbed a lot of money from China through ICO and obtained wealth freedom. Among them, EOS is a typical example. The financing time is as long as one year, and the financing scale is more than 2 billion US dollars, of which a large part is paid by Chinese young people. There is also a well-known KOL in China, who has been crazy about EOS, even calling out the slogan of "three waves of fighting to 1000 yuan (Note: 1000 yuan is equivalent to 143 US dollars, currently EOS is worth 3 dollars). However, such a crazy KOL still has the support of hundreds of thousands of fans. Fortunately, with so many fanatics, the EOS I held in the early stage could be safely and gradually shipped, with a comprehensive yield of 553%. It's not too much to say that it's collecting money on the ground. So if you take the same money and gamble with the gentlemen on Wall Street, you'd better take the same money to China’s currency circle market. By the way, there was also a big man in the currency circle in China who said that these retail investors were "idiot", "stupid people, lots of money, come quickly". I didn't believe it. However, at the end of 2017, I heard from my Chinese friends that I invested in a project called TRX. I only invested $5000, and finally I withdrew 100 times. 5000 US dollars turned into 500000 US dollars. Since then, I have fallen in love with this magic market.
Secondly, we should see the situation clearly.
A leader of China's democratic revolution once said a sentence that I like very much, which is called "the general trend of the world, the one who goes along will prosper, and the one who goes against will die." So before you pay, ask yourself a question: do you think the bull market has opened? Or is the bull market in the middle? This needs your own judgment, conform to the general trend to make money. In my opinion, at the present stage, two thirds of 2020 has passed. In the past eight months, the global epidemic broke out, the economy went down, the US stock market failed, the Olympic Games were postponed, and Bitcoin plummeted to 3800usdt.Under this undercurrent, hot money is irresistible, especially the savings of Chinese currency circle investors in the long bear market, which urgently needs an investment export. On the surface, this bull market is led by Ethereum, but in fact it is the result of a combination of multiple factors. One of the key points is to invest in customers' wallets. With Bitcoin starting on July 21, the current high level of 12000 or so, most of the mainstream currencies in the market have completed the round of rise. Meanwhile, the defi plate is extremely hot, and the future market will continue to be bullish. Judging the situation is the basic logic of our investment. If this does not hold up, there is no need to look down.
Thirdly, choose potential currencies.
If you also agree that the bull market will continue, then you should take advantage of this wave of heat, ambush some hot currencies in advance, and then wait for the market makers to stir up the market and plate, attract a large number of retail investors to follow suit, so as to easily make money in the market. At present, it is obvious that the market has entered the second typical stage: bitcoin trading horizontally and counterfeit currency rising in turn. Almost every day comes the news that the counterfeit currency of XX is about to soar, and then investors who build their positions ahead of time are beaming with joy to show their income map in the major communities.
Please note that! At this time, most of the unqualified investors are following the trend and buying without their own opinions. It is true that some people have made a lot of money, but the risks have multiplied. Because while they are making money, they are also carrying sedan chairs for the makers. But a small number of "smart people" don't think so. They firmly believe that the safest way is to make money within their scope. One of the important ideas is to explore the underrated high-quality projects that have not yet started to rise in the bull market, complete the warehouse building at the low level, and get the early hundred times chips.
Fourth, how to find a hundred times currency.
As we all know, 100 times coin has the following characteristics: it has a perfect business model and pass card model, has its own application and ecology, and has a group of loyal users and community consensus. This is the fundamental reason why I found TRX, OMG, ONT and other currencies. There is an outstanding businessman named Jack Ma in China. He put forward a concept called "small is beautiful", which means that the best investment target is a project with small scale and high marginal profit. Just in the past two days, I downloaded an investment advisory app called coin bubble through China's wechat group, and also sent a token. I think it is small and beautiful according to my own definition.

https://preview.redd.it/j4y0jxlg5ft51.png?width=415&format=png&auto=webp&s=14fb7e5786c8d310a2ad522aebfd25c09da1dc32
According to the official introduction, the coin bubble is a mobile terminal entrance for digital financial investors. It is committed to creating a rich, interesting and practical digital financial investment consultant ecosystem, helping new users of the digital financial investment circle to quickly integrate into the circle and culture, improve their investment skills and obtain better investment returns. The goal of currency bubble is to become the first stop for traditional financial investors to enter the digital financial world and the first entrance for incremental users and incremental funds. The concept is quite grand, but in a word, the team has made a consultant app for coin circle investment and built an active community of crypto asset enthusiasts. Through the mode of knowledge payment or commission, KOL at the head of the coin circle helps their fans to purchase crypto assets and derivatives with zero threshold, and obtain commission income from it.

https://preview.redd.it/a0h0bu2h5ft51.png?width=831&format=png&auto=webp&s=36f26e4869ee1b063022a46767e5fdbd7a2081a4
Different from some projects on the market that often claim to be hundreds of thousands of users and start to issue money in the air stage, the money bubble has been done as a traditional Internet project from the beginning. The team itself is not short of money, and has not raised a lot of money in the initial stage. Instead, it only focuses on the perspective of resource exchange from the perspective of Genesis fund, alpha-coin fund and Continue Capital and other cryptocurrency capital parties symbolically took some start-up funds in order to better utilize the latter's extensive network resources in the currency circle. According to a friend who has a good relationship with the core team, the management of the currency bubble is extremely low-key, and rarely appears in front of the currency circle media. The team has always believed in the principle of product first, and has little interest in marketing. Just as soon as the app 1.0 version was launched, it caused a widespread sensation in the currency circle, and even was immediately plagiarized at pixel level by another well-known giant app two weeks later. But the team just said in the internal meeting, copy it, see whether you copy fast or we innovate fast. As a result, when app2.0 was released, the coin recommendation function was once again popular, absorbing countless powder, and it was still copied by several friends. However, this kind of plagiarism can not last for a long time, because the money bubble depends not only on the function innovation, but also on the community reputation. The Internet has such Matthew effect, and the head app is always strong.
At present, the coin bubble has initially established a product matrix of currency recommendation, spot strategy, contract strategy and communication community. Investors, KOL, exchanges and project parties in the currency circle can take what they need and get the resources they want. At present, money bubble has been the first place in the investment advisory track by relying on natural flow and word-of-mouth propaganda. Many of the original friends who only relied on plagiarism have disappeared. At present, there are about 3000 KOLs with different levels in the currency bubble, which continuously release spot currency, contract strategy and potential currency on app. Online, hundreds of thousands of users can easily find KOL with high success rate and stable yield through the currency bubble platform to carry out documentary operation to obtain profits. Offline, the coin bubble has dozens of official wechat groups and hundreds of alliance groups, radiating millions of users in the currency circle. Currency bubble has become the first professional community in China's domestic currency circle.

https://preview.redd.it/kjlb2ssh5ft51.png?width=165&format=png&auto=webp&s=442e8c22659fc29c1e0cb8e4e066795b9896cdbd
Currency recommendation plate spot plate contract plate

https://preview.redd.it/3kz5uu7i5ft51.png?width=183&format=png&auto=webp&s=95b6d1665dc61768679160fd2fb234cf55ad48c3
Money bubble online community currency bubble wechat community
In order to better integrate and match the resources in the ecosystem, coin bubble launched token BPOP with the same name in a low-key manner in 19 years, but it has not been vigorously promoted. This is also in line with the team's low-key temperament of not lacking money, not promoting and only making products with heart. According to internal information, BPOP token will be used for the following purposes:
First, you can use BPOP to subscribe to KOL's trading strategy. Previously, in order to comply in China, BPOP has been using French currency to settle Commission. However, the team may have considered the subsequent global promotion, and it is time to introduce ecological token for internal settlement. The good news is that the English version of coin bubble was launched in early September, which will better serve the global English speaking users in North America and Europe. At the same time, the project side also said that it would launch multi language versions such as Japanese version, Korean version and Latin version as soon as possible, so as to provide accurate investment advisory services for users in more regions of the world.
Secondly, BPOP can be used to offset the service charge of the platform.This seems to be consistent with the strategy of the traditional exchange and the traditional investment consulting company, but in fact, the Commission is charged only when the strategy is profitable. This is totally different from the traditional one. It is a killing strategy created from the perspective of investors in the currency circle. As we know, the vast majority of the profits of exchanges and consulting companies come from the handling fees for ensuring the collection of goods during drought and flood, especially for futures contracts, which are extremely high. This small fee hides the ambition of the currency bubble to subvert the status quo of the industry. Now there is a popular word called dimension reduction strike. It is the Internet that kills physical stores, and takeaway is used to kill instant noodles. Is it possible that the person who kills the exchange is such a latecomer?
Thirdly, BPOP can be used for position dividend. As mentioned above, the money bubble is set up according to the traditional Internet companies, and has its own stable source of income. Besides the platform Commission, a large part of it comes from the realization of traffic, that is, advertising revenue. Money bubble has served many star customers, such as OKEX, Bybit, MXC, famous project parties such as STPT, AKRO, DOS, ARPA, etc., and has reached hundreds of customers. Relying on its own flow advantages, the coin bubble provides accurate diversion and product promotion services for customers, matches high-quality investors in the currency circle for high-quality project parties and exchanges, and achieves a win-win situation. The subsequent position is equivalent to holding currency bubble stock, which will continue to enjoy the income and dividend of currency bubble.
According to informed sources, BPOP will develop new products in combination with the current defi hot spots, and BPOP will also be the only value medium in the product ecology of defi, which means that the higher the demand for products, the stronger the price support of BPOP.
- BPSwap
BPSwap is an asset exchange platform, which can be used for token exchange of any public chain agreement. In the initial stage of the product, BPOP will be used as the main exchange target, i.e. eth / BPOP, TRX / BPOP and other transaction pairs. In the later stage, transactions between different currencies and flash exchange functions will be gradually opened;
When a general investor subscribes to KOL's portfolio with BPOP, he / she can use BPSwap for trading exchange, and can also obtain income by providing transaction liquidity, which can not only quickly buy "wealth password" but also obtain additional income by using "wealth password";
The main functions of BPSwap are as follows:
1)Provide various platform data. Such as liquidity pool data, convertible currency pairs, exchange currency pair liquidity and transaction volume data;
Exchange mechanism of transaction currency. In the initial stage, erc-20 or trc-20 will be opened to exchange currency pairs for BPOP transactions. Any user can view KOL recommended currency on BPOP platform and conduct transaction exchange directly;
2)Liquidity pool reward and new liquidity token. Any user can provide liquidity for different trading currency pairs, increase or remove assets in the liquidity pool. At the same time, the platform will issue a new liquidity token bpop-lp to reward users who provide liquidity for trading currency pairs. Bpop-lp can be exchanged with BPOP / USDT / eth;
3)Flash cash function. Quick exchange of small assets.
In a word, BPSwap can make the users of currency bubble realize all kinds of "one-step" needs, from buying currency, to checking and recommending currency, to asset transaction and exchange, etc., so as to realize the closed-loop use of digital currency. As the only value medium of BPSwap, BPOP will be used by more and more users with the maturity of products, and the price will rise.
Finally, BPOP will also realize the interesting functions of internal users such as reward and props purchase, which may be related to the next blockbuster version. I don't know the details, so I won't make a wild guess.
The above is basically from the product, operation and technical aspects of the project analysis, but these alone are not enough, when we choose the investment target, we also need to carefully analyze the token situation, in order to draw a more accurate conclusion.These analyses are boring, but they are often critical. The reason is exactly the same when we analyze other currencies according to the method I said.
The reason why bitcoin has become the favorite of investors is that it can not be issued more shares and has the characteristics of unlimited deflation. Although BPOP cannot be dug out, its deflation is more fierce and fierce. I can easily find out that the current circulation of BPOP is extremely limited after a large number of lock ups and multiple destruction of BPOP by combining the announcement issued by the currency bubble and the data on the chain. The currency distribution of BPOP is shown in the figure. The orange part is the market circulation volume, accounting for 10%.The other blue parts are those in lock / destroyed / to be destroyed.
Currency bubble contract address: 0x0452aed878805514e28fb5bd0b56bef92176e32a
As can be seen from the figure, the total amount of BPOP is 1 billion. Among them, the foundation has actively destroyed 500 million, ecological destruction has reached 100 million, team lock up 200 million, private placement has not been issued and destroyed by 42.4 million. The remaining cornerstone investment is 100 million and the market is 57.6 million. At present, there is only 157.6 million circulation in the market. According to the official announcement, the government has been using the business profits to buy back from the secondary market. At present, the government has successively bought back about 60 million, and the real circulation in the market is only about 97 million tokens.
In addition, the project side's goal is to continue to buy back to 147.6 million and then destroy all the tokens, and all the tokens will be deflated to 10 million. According to the current real circulation of 97 million, the current CBX.ONE Its latest trading price is 0.005usdt, and its circulation market value is about 485000u. Compared with its current user volume and business volume, it is in a seriously underestimated state, and there is a huge space for imagination in the future. At present, the price is at a historical low price, which conforms to all my definitions of small and beautiful.
To sum up, BPOP meets all the characteristics of this bull market
- The business model, application and ecology are complete, and a large number of landing products are used by users;
- The market value of project token is small, but the project investment institutions are strong;
- The project team has deep experience in the blockchain industry and is keen on doing practical things.
- The direction of the project is in line with the hot spots of the current bull market.
There is a well-known saying in China's retail circle, "hold on, the team is working." On the one hand, it means that the team only focuses on the products and does not care about the price performance of the secondary market; on the other hand, it means that the project team is really pushing the whole product forward and the price has strong support. However, as long as there are specific landing products and a large number of users use them, the currency price will naturally attract other hot money to come in and raise the price. After all, the secondary market is just a capital game, and the coin bubble project meets this condition. The products are developed in an orderly way, and the market value is still so small. It is very easy for BPOP to rise several times or dozens of times in this bull market.
At present, BPOP passes can be found in the decentralized exchange uniswap (search BPOP or contract address: 0x0452aed878805514e28fb5bd0b56bef92176e32a) and the centralized exchange Dubai compliance exchange cbx.com Trading. Those who are interested can learn about it by themselves. Of course, before buying, you can also go to its official website(http://www.bpop.io)Download the app to experience it. By the way, I tried to recharge 1000 usdt, and now I have made more than 300 usdt. Of course, some secondary pages still have a lot of Chinese, which is a little difficult to watch. It is said that an optimized version of the English version will be released soon, and everyone can experience it at that time.
Finally, I would like to remind you that although the money in China's currency circle is relatively easy to earn, it is also a high-risk investment variety. Before you enter this market, please be sure to follow the above-mentioned method to deeply understand the Chinese market and analyze the currency you like in detail. If you have any questions, please feel free to communicate with me.
submitted by Amakiir_crypto to u/Amakiir_crypto [link] [comments]

From 10000 to 10 Million: Coin Circle KOL Happy Shares the Road of Gold Mining in China

From 10000 to 10 Million: Coin Circle KOL Happy Shares the Road of Gold Mining in China
On July 27,2020, Bitcoin soared from US $9900 to US $11400, a 15% increase in a single day, opening the first round of global cryptocurrency market outbreak after the epidemic.Since then, different currencies have been soaring in turn every day.A few days ago, I attended a private gathering of cryptocurrency circle in Silicon Valley, and got to know a veteran of currency circle named XX.XX is a China expert and an early investor of TRX, OMG and EOS. It started from $10000 and now has a value of more than $10 million. It is called China bitbutcher in a small circle.The author and XX talked about a lot of dry goods, now sorted out to share with you, interested can add my telegraph group(https://0.plus/bpopaha)Discuss it together.The following is the account in XX’s own words.
Firstly, you need to understand the market.
Some people call me China Bitbutcher. In fact, there are many people who make more money than me in the Chinese market. Although the projects invested are different, they all have one thing in common, that is, they all have a better understanding of the Chinese market. At least you have to install a Wechat. You see, I have added many groups of Chinese investors to collect information and study their investment characteristics. For example, this expression pack is very representative.

https://preview.redd.it/h2m1ipw7ift51.png?width=554&format=png&auto=webp&s=e681be2e89e93d8916e2711a1ec7fa4f7e5b5aa4
"show-hand" here is the transliteration of show hand, which means that you can bet all your cash on a single coin. If you only bet on one coin, you will have either heaven or hell.Whenever a KOL starts to shout for orders, the retail investors in the community will rush to get into the gold and shout the slogan of "show-hand". The lucky ones who get into the gold earlier will get several times or even dozens of times (or higher) return on investment.
Similar to the "Beat Generation" born after World War II in the United States, today's young people in China are called "post-90s" and "post-00s". Although they don't have to worry about food and drink, their limited income is far behind the increase in urban house prices and living costs. Houses and cars are the necessary conditions for young Chinese men to marry their wives.As a result, these young people tend to be very aggressive in investment, and there are many people eager to make tens of thousands of dollars with thousands of dollars.At present, there are millions of investors in China's currency circle, which is equivalent to the total population of some small European countries. Behind this, there are tens of millions of stock investors who will turn to coin circle people at any time. Since the popularity of ICO in 2017, China has produced dozens of hundreds or even thousands of times projects such as Neo, TRX, ONT, etc., and tens of billions of dollars of funds have been taken out and deposited from the pockets of investors in the currency circle. At the same time, there are also a large number of gold miners (most of them are foreigners) who have absorbed a lot of money from China through ICO and obtained wealth freedom. Among them, EOS is a typical example. The financing time is as long as one year, and the financing scale is more than 2 billion US dollars, of which a large part is paid by Chinese young people. There is also a well-known KOL in China, who has been crazy about EOS, even calling out the slogan of "three waves of fighting to 1000 yuan (Note: 1000 yuan is equivalent to 143 US dollars, currently EOS is worth 3 dollars). However, such a crazy KOL still has the support of hundreds of thousands of fans. Fortunately, with so many fanatics, the EOS I held in the early stage could be safely and gradually shipped, with a comprehensive yield of 553%. It's not too much to say that it's collecting money on the ground. So if you take the same money and gamble with the gentlemen on Wall Street, you'd better take the same money to China’s currency circle market. By the way, there was also a big man in the currency circle in China who said that these retail investors were "idiot", "stupid people, lots of money, come quickly". I didn't believe it. However, at the end of 2017, I heard from my Chinese friends that I invested in a project called TRX. I only invested $5000, and finally I withdrew 100 times. 5000 US dollars turned into 500000 US dollars. Since then, I have fallen in love with this magic market.
Secondly, we should see the situation clearly.
A leader of China's democratic revolution once said a sentence that I like very much, which is called "the general trend of the world, the one who goes along will prosper, and the one who goes against will die." So before you pay, ask yourself a question: do you think the bull market has opened? Or is the bull market in the middle? This needs your own judgment, conform to the general trend to make money. In my opinion, at the present stage, two thirds of 2020 has passed. In the past eight months, the global epidemic broke out, the economy went down, the US stock market failed, the Olympic Games were postponed, and Bitcoin plummeted to 3800usdt.Under this undercurrent, hot money is irresistible, especially the savings of Chinese currency circle investors in the long bear market, which urgently needs an investment export. On the surface, this bull market is led by Ethereum, but in fact it is the result of a combination of multiple factors. One of the key points is to invest in customers' wallets. With Bitcoin starting on July 21, the current high level of 12000 or so, most of the mainstream currencies in the market have completed the round of rise. Meanwhile, the defi plate is extremely hot, and the future market will continue to be bullish. Judging the situation is the basic logic of our investment. If this does not hold up, there is no need to look down.
Thirdly, choose potential currencies.
If you also agree that the bull market will continue, then you should take advantage of this wave of heat, ambush some hot currencies in advance, and then wait for the market makers to stir up the market and plate, attract a large number of retail investors to follow suit, so as to easily make money in the market. At present, it is obvious that the market has entered the second typical stage: bitcoin trading horizontally and counterfeit currency rising in turn. Almost every day comes the news that the counterfeit currency of XX is about to soar, and then investors who build their positions ahead of time are beaming with joy to show their income map in the major communities.
Please note that! At this time, most of the unqualified investors are following the trend and buying without their own opinions. It is true that some people have made a lot of money, but the risks have multiplied. Because while they are making money, they are also carrying sedan chairs for the makers. But a small number of "smart people" don't think so. They firmly believe that the safest way is to make money within their scope. One of the important ideas is to explore the underrated high-quality projects that have not yet started to rise in the bull market, complete the warehouse building at the low level, and get the early hundred times chips.
Fourth, how to find a hundred times currency.
As we all know, 100 times coin has the following characteristics: it has a perfect business model and pass card model, has its own application and ecology, and has a group of loyal users and community consensus. This is the fundamental reason why I found TRX, OMG, ONT and other currencies. There is an outstanding businessman named Jack Ma in China. He put forward a concept called "small is beautiful", which means that the best investment target is a project with small scale and high marginal profit. Just in the past two days, I downloaded an investment advisory app called coin bubble through China's wechat group, and also sent a token. I think it is small and beautiful according to my own definition.

https://preview.redd.it/fr4f3vy8ift51.png?width=415&format=png&auto=webp&s=b0156a593cb9525e1c9ea158961d13fb29db7471
According to the official introduction, the coin bubble is a mobile terminal entrance for digital financial investors. It is committed to creating a rich, interesting and practical digital financial investment consultant ecosystem, helping new users of the digital financial investment circle to quickly integrate into the circle and culture, improve their investment skills and obtain better investment returns. The goal of currency bubble is to become the first stop for traditional financial investors to enter the digital financial world and the first entrance for incremental users and incremental funds. The concept is quite grand, but in a word, the team has made a consultant app for coin circle investment and built an active community of crypto asset enthusiasts. Through the mode of knowledge payment or commission, KOL at the head of the coin circle helps their fans to purchase crypto assets and derivatives with zero threshold, and obtain commission income from it.

https://preview.redd.it/zb9rc4f9ift51.png?width=831&format=png&auto=webp&s=e7c749eff3bef31e4733b320864d8454c413b41c
Different from some projects on the market that often claim to be hundreds of thousands of users and start to issue money in the air stage, the money bubble has been done as a traditional Internet project from the beginning. The team itself is not short of money, and has not raised a lot of money in the initial stage. Instead, it only focuses on the perspective of resource exchange from the perspective of Genesis fund, alpha-coin fund and Continue Capital and other cryptocurrency capital parties symbolically took some start-up funds in order to better utilize the latter's extensive network resources in the currency circle. According to a friend who has a good relationship with the core team, the management of the currency bubble is extremely low-key, and rarely appears in front of the currency circle media. The team has always believed in the principle of product first, and has little interest in marketing. Just as soon as the app 1.0 version was launched, it caused a widespread sensation in the currency circle, and even was immediately plagiarized at pixel level by another well-known giant app two weeks later. But the team just said in the internal meeting, copy it, see whether you copy fast or we innovate fast. As a result, when app2.0 was released, the coin recommendation function was once again popular, absorbing countless powder, and it was still copied by several friends. However, this kind of plagiarism can not last for a long time, because the money bubble depends not only on the function innovation, but also on the community reputation. The Internet has such Matthew effect, and the head app is always strong.
At present, the coin bubble has initially established a product matrix of currency recommendation, spot strategy, contract strategy and communication community. Investors, KOL, exchanges and project parties in the currency circle can take what they need and get the resources they want. At present, money bubble has been the first place in the investment advisory track by relying on natural flow and word-of-mouth propaganda. Many of the original friends who only relied on plagiarism have disappeared. At present, there are about 3000 KOLs with different levels in the currency bubble, which continuously release spot currency, contract strategy and potential currency on app. Online, hundreds of thousands of users can easily find KOL with high success rate and stable yield through the currency bubble platform to carry out documentary operation to obtain profits. Offline, the coin bubble has dozens of official wechat groups and hundreds of alliance groups, radiating millions of users in the currency circle. Currency bubble has become the first professional community in China's domestic currency circle.

https://preview.redd.it/6udf0s5aift51.png?width=165&format=png&auto=webp&s=0c5b1d58821609b78ce95c20ca2d5f6599b459f7
Currency recommendation plate spot plate contract plate

https://preview.redd.it/2cv81lmaift51.png?width=183&format=png&auto=webp&s=94492c01e59df35a5ee34b7e2fd66e8bdce93ba3
Money bubble online community currency bubble wechat community
In order to better integrate and match the resources in the ecosystem, coin bubble launched token BPOP with the same name in a low-key manner in 19 years, but it has not been vigorously promoted. This is also in line with the team's low-key temperament of not lacking money, not promoting and only making products with heart. According to internal information, BPOP token will be used for the following purposes:
First, you can use BPOP to subscribe to KOL's trading strategy. Previously, in order to comply in China, BPOP has been using French currency to settle Commission. However, the team may have considered the subsequent global promotion, and it is time to introduce ecological token for internal settlement. The good news is that the English version of coin bubble was launched in early September, which will better serve the global English speaking users in North America and Europe. At the same time, the project side also said that it would launch multi language versions such as Japanese version, Korean version and Latin version as soon as possible, so as to provide accurate investment advisory services for users in more regions of the world.
Secondly, BPOP can be used to offset the service charge of the platform.This seems to be consistent with the strategy of the traditional exchange and the traditional investment consulting company, but in fact, the Commission is charged only when the strategy is profitable. This is totally different from the traditional one. It is a killing strategy created from the perspective of investors in the currency circle. As we know, the vast majority of the profits of exchanges and consulting companies come from the handling fees for ensuring the collection of goods during drought and flood, especially for futures contracts, which are extremely high. This small fee hides the ambition of the currency bubble to subvert the status quo of the industry. Now there is a popular word called dimension reduction strike. It is the Internet that kills physical stores, and takeaway is used to kill instant noodles. Is it possible that the person who kills the exchange is such a latecomer?
Thirdly, BPOP can be used for position dividend. As mentioned above, the money bubble is set up according to the traditional Internet companies, and has its own stable source of income. Besides the platform Commission, a large part of it comes from the realization of traffic, that is, advertising revenue. Money bubble has served many star customers, such as OKEX, Bybit, MXC, famous project parties such as STPT, AKRO, DOS, ARPA, etc., and has reached hundreds of customers. Relying on its own flow advantages, the coin bubble provides accurate diversion and product promotion services for customers, matches high-quality investors in the currency circle for high-quality project parties and exchanges, and achieves a win-win situation. The subsequent position is equivalent to holding currency bubble stock, which will continue to enjoy the income and dividend of currency bubble.
According to informed sources, BPOP will develop new products in combination with the current defi hot spots, and BPOP will also be the only value medium in the product ecology of defi, which means that the higher the demand for products, the stronger the price support of BPOP.
- BPSwap
BPSwap is an asset exchange platform, which can be used for token exchange of any public chain agreement. In the initial stage of the product, BPOP will be used as the main exchange target, i.e. eth / BPOP, TRX / BPOP and other transaction pairs. In the later stage, transactions between different currencies and flash exchange functions will be gradually opened;
When a general investor subscribes to KOL's portfolio with BPOP, he / she can use BPSwap for trading exchange, and can also obtain income by providing transaction liquidity, which can not only quickly buy "wealth password" but also obtain additional income by using "wealth password";
The main functions of BPSwap are as follows:
1)Provide various platform data. Such as liquidity pool data, convertible currency pairs, exchange currency pair liquidity and transaction volume data;
Exchange mechanism of transaction currency. In the initial stage, erc-20 or trc-20 will be opened to exchange currency pairs for BPOP transactions. Any user can view KOL recommended currency on BPOP platform and conduct transaction exchange directly;
2)Liquidity pool reward and new liquidity token. Any user can provide liquidity for different trading currency pairs, increase or remove assets in the liquidity pool. At the same time, the platform will issue a new liquidity token bpop-lp to reward users who provide liquidity for trading currency pairs. Bpop-lp can be exchanged with BPOP / USDT / eth;
3)Flash cash function. Quick exchange of small assets.
In a word, BPSwap can make the users of currency bubble realize all kinds of "one-step" needs, from buying currency, to checking and recommending currency, to asset transaction and exchange, etc., so as to realize the closed-loop use of digital currency. As the only value medium of BPSwap, BPOP will be used by more and more users with the maturity of products, and the price will rise.
Finally, BPOP will also realize the interesting functions of internal users such as reward and props purchase, which may be related to the next blockbuster version. I don't know the details, so I won't make a wild guess.
The above is basically from the product, operation and technical aspects of the project analysis, but these alone are not enough, when we choose the investment target, we also need to carefully analyze the token situation, in order to draw a more accurate conclusion.These analyses are boring, but they are often critical. The reason is exactly the same when we analyze other currencies according to the method I said.
The reason why bitcoin has become the favorite of investors is that it can not be issued more shares and has the characteristics of unlimited deflation. Although BPOP cannot be dug out, its deflation is more fierce and fierce. I can easily find out that the current circulation of BPOP is extremely limited after a large number of lock ups and multiple destruction of BPOP by combining the announcement issued by the currency bubble and the data on the chain. The currency distribution of BPOP is shown in the figure. The orange part is the market circulation volume, accounting for 10%.The other blue parts are those in lock / destroyed / to be destroyed.
Currency bubble contract address: 0x0452aed878805514e28fb5bd0b56bef92176e32a
As can be seen from the figure, the total amount of BPOP is 1 billion. Among them, the foundation has actively destroyed 500 million, ecological destruction has reached 100 million, team lock up 200 million, private placement has not been issued and destroyed by 42.4 million. The remaining cornerstone investment is 100 million and the market is 57.6 million. At present, there is only 157.6 million circulation in the market. According to the official announcement, the government has been using the business profits to buy back from the secondary market. At present, the government has successively bought back about 60 million, and the real circulation in the market is only about 97 million tokens.
In addition, the project side's goal is to continue to buy back to 147.6 million and then destroy all the tokens, and all the tokens will be deflated to 10 million. According to the current real circulation of 97 million, the current CBX.ONE Its latest trading price is 0.005usdt, and its circulation market value is about 485000u. Compared with its current user volume and business volume, it is in a seriously underestimated state, and there is a huge space for imagination in the future. At present, the price is at a historical low price, which conforms to all my definitions of small and beautiful.
To sum up, BPOP meets all the characteristics of this bull market
- The business model, application and ecology are complete, and a large number of landing products are used by users;
- The market value of project token is small, but the project investment institutions are strong;
- The project team has deep experience in the blockchain industry and is keen on doing practical things.
- The direction of the project is in line with the hot spots of the current bull market.
There is a well-known saying in China's retail circle, "hold on, the team is working." On the one hand, it means that the team only focuses on the products and does not care about the price performance of the secondary market; on the other hand, it means that the project team is really pushing the whole product forward and the price has strong support. However, as long as there are specific landing products and a large number of users use them, the currency price will naturally attract other hot money to come in and raise the price. After all, the secondary market is just a capital game, and the coin bubble project meets this condition. The products are developed in an orderly way, and the market value is still so small. It is very easy for BPOP to rise several times or dozens of times in this bull market.
At present, BPOP passes can be found in the decentralized exchange uniswap (search BPOP or contract address: 0x0452aed878805514e28fb5bd0b56bef92176e32a) and the centralized exchange Dubai compliance exchange cbx.com Trading. Those who are interested can learn about it by themselves. Of course, before buying, you can also go to its official website(http://www.bpop.io)Download the app to experience it. By the way, I tried to recharge 1000 usdt, and now I have made more than 300 usdt. Of course, some secondary pages still have a lot of Chinese, which is a little difficult to watch. It is said that an optimized version of the English version will be released soon, and everyone can experience it at that time.
Finally, I would like to remind you that although the money in China's currency circle is relatively easy to earn, it is also a high-risk investment variety. Before you enter this market, please be sure to follow the above-mentioned method to deeply understand the Chinese market and analyze the currency you like in detail. If you have any questions, please feel free to communicate with me.
submitted by Holimion_Bitcoin to u/Holimion_Bitcoin [link] [comments]

THE Highest Paying BITCOIN Faucet - Earn FREE Bitcoin NOW ... Bitcoin Debit Card - E-coin.io Online CryptoCurrency Calculator with multi-Cryptocurrencies Simple Bitcoin Converter How To Convert Your Bitcoin To Cash FAST Using Coinbase ... How to EARN BITCOIN using COINS.PH  2020 (Step by Step ...

he CoinDesk Bitcoin Calculator converts bitcoin into any world currency using the Bitcoin Price Index, including USD, GBP, EUR, CNY, JPY, and more. Bitcoin is an innovative payment network and a new kind of money. GoBitcoin.io is an online converter and a source of information about this Cryptocurrency. New! Add a Bitcoin chart or current price to your website with our Bitcoin Widgets. Bitcoin ist ein Programmkomitees für innovatives Zahlungsnetzwerk und eine neue Art von Geld. GoBitcoin.io ist ein Online-Konverter und eine Quelle der Informationen über diese Kryptowährung. New! Fügen Sie einen Bitcoin-Chart oder aktueller Preis auf Ihre Website mit unseren Bitcoin Widgets. Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. A simple, easy-to-use Bitcoin converter Bitcoin to. United States Dollar ... Bitcoin to. United States Dollar. USD. Powered by CoinDesk. List of all currencies we convert from Bitcoin. United States Dollar (USD) Euro (EUR) British Pound Sterling (GBP) Australian Dollar (AUD) Canadian Dollar (CAD) United Arab Emirates Dirham (AED) Afghan Afghani (AFN) Albanian Lek (ALL) Armenian Dram (AMD ...

[index] [44957] [36147] [9944] [45791] [30288] [22364] [1721] [9679] [39613] [42196]

THE Highest Paying BITCOIN Faucet - Earn FREE Bitcoin NOW ...

Tutorial paano kumita sa coins.ph - P100.00 -P1000.00 per day. VIDEO ABOUT AUTOMATIC TRADING --- https://youtu.be/VR_mAFn2aqk /// We really hope na may natut... 💰 My #1 Recommendation To Make Money Online - Click Here Now ️ http://LifeWithoutLimits.co 💰 Claim Your FREE Bitcoin / Crypto Here: ️ http://bit.ly/EarnFre... Crypto exchange rate calculator helps you convert prices online between two currencies in real-time. Online CryptoCurrency Calculator with multi-Cryptocurrencies. Cryptocurrency converter, calculator. This quick tutorial shows you how to convert your bitcoin into GBP in the coinbase back office and then to withdraw that money to your bank account. If you d... salve galera blz, nesse vÍdeo de hoje estou trazendo um mÉtodo para vocÊs converter as cripto moedas para dinheiro no paypal, o que que adianta nÓs juntas sa...

#