Coinbase Live Prices and Charts - Coinalyze

Bitcoins Cashout - Current Bitcoin Value Exchange BTC To USD

This site bitcoin cashout is the perfect spot to get trade your bitcoin to pm on the most straightforward and basic way we are bargain in a wide range of computerized money; we have the best trade administrations for you. We additionally bolster your BTC on versatile. You can sell or purchase your bitcoin anyplace on the planet. You can trade your bitcoin into us dollar. This will consistently give you the best administrations over the globe. We can change over BTC into us dollar with PayPal at a low expense. In the event that you are stressed over how do i cash out bitcoins with paypal, you are in the opportune spot in light of the fact that different locales charge a high expense for trade bitcoin money out, however this site is free for our adored clients, you can money out your BTC with PayPal and trade them at a low value, we are the best accomplice of your computerized cash portfolio. This site is dependable for you. Everybody has his logins and passwords on the grounds that your security is generally weak for us. With this, you can utilize western association for trade btc in a flash with the most minimal expense. We manage okpay, crypto, PayPal, skrill,coinbase , and so forth. Best for individual similarly as business use, extended security settings, supporting euros, dollars, pounds, peso, Indian rupee, and anything is possible from that point. Best program while keeping ease in simple to utilize the dashboard to change the monetary framework right away. Might you want to be remain invigorated with crypto news, coins, tokens computerized assets, bits satoshi, etc light charts, portfolio tracker, cash converter including fiat. Become more familiar with best a perfect chance to place assets into blockchain adventure, sell crypto assets at a high rate for crypto to fiat cash converter. It's by and by easy to sell bitcoin as a bitcoin dollar exchange seller. You can set your costs, and the upside of in excess of 300 portion choices to get paid for the bitcoin you sell. As bitcoin cashout is a common business community, you can sell your bitcoin truly to in excess of 3 million customers around the world. Our establishment makes it inconceivably straightforward for students and veterans the equivalent to make an advantage.
submitted by popjhons to u/popjhons [link] [comments]

Right Way To Exchange Bitcoin Into USD

This site bitcoin cashout is the right place to get exchange your bit coin to dollars on the easiest and simple way we are deal in all types of digital currency; we have the best exchange services for you. We also support your BTC on mobile. You can sell or buy your bitcoin anywhere in the world. You can exchange your bitcoin into us dollar. This will always give you the best services across the globe. We can convert BTC into us dollar with PayPal at a very low fee. If you are worried about how do i cash out bitcoins with paypal, you are in the right place because other sites charge a very high fee for sell bitcoin for paypal , but this site is free for our loved customers, you can cash out your BTC with PayPal and exchange them at a very low price, we are the best partner of your digital currency portfolio. This site is reliable for you. Everyone has his logins and passwords because your privacy is most impotent for us. With this, you can use western union for exchange btc instantly with the lowest fee. We deal with okpay, crypto, PayPal, skrill,coinbase , etc. Best for individual just as business use, expanded security settings, supporting euros, dollars, pounds, peso, Indian rupee, and the sky is the limit from there. Most effective program while keeping effortlessness in easy to use the dashboard to transform the financial system immediately. Would you like to be stay refreshed with crypto news, coins, tokens digital resources, bits satoshi, and so on candle diagrams, portfolio tracker, money converter including fiat. Become more acquainted with best an ideal opportunity to put resources into blockchain venture, how to cash in bitcoin for dollars possessions at a high rate for crypto to fiat money converter. It's presently simple to sell bitcoin as a bitcoin dollar exchange seller. You can set your prices, and the advantage of more than 300 installment alternatives to get paid for the bitcoin you sell. As bitcoin cashout is a shared commercial center, you can sell your bitcoin legitimately to more than 3 million clients worldwide. Our foundation makes it incredibly simple for learners and veterans the same to make a benefit.
submitted by popjhons to u/popjhons [link] [comments]

💲💲💲 FREE MONEY MEGA THREAD (20+ Huge Offers) – Stocks, Crypto, Bank Accounts, Credit Cards – Step By Step Instructions And Tips From Someone Who Has Done Them All And Will Answer Any Questions You Have

This is a great time to start investing in both the stock market and in cryptocurrency. These are also easy ways to get free money during these hard times. Here is a list of my personal referral codes/links so that you can take advantage of these offers as well. I have done all of them and they all work! If you use any of them, feel free to DM me so I can thank you personally. Also feel free to DM me with any questions if you need help setting any of these up and I’d be happy to walk you through it. Happy investing!
Brokerage Accounts / Investing in Stocks:
SoFi
https://www.sofi.com/share/invest/2862843
You get a $75 bonus when you deposit $1,000. No fees for buying and selling stocks. If you sign up for SoFi you can also do a separate promotion on SoFi Crypto where you get a $25 bonus when you deposit $10. You can also get a separate $75 bonus when you sign up for a SoFi Money account.
WeBull
https://act.webull.com/i/jKRbhTy1hIcV/kuz/ - Must use this link on a mobile device
You get 2 free stocks when you deposit $100. One stock is valued from $2.50-$250, and the other stock is valued from $12-$1400. Once you are already a customer they send out much bigger targeted promotions. Right now there is one where you can earn 100 free shares valued at $9-$1000 per share. No fees for buying and selling stocks.
Tastyworks
https://start.tastyworks.com/#/login?referralCode=REF38VAEHR
You get 100 free shares of stocks valued from $1-$6 per share. I’m not even sure if I get anything for this one, but hopefully this helps you out. No fees for buying and selling stocks. You must open a cash account or margin account. You must deposit at least $2,000 and enter promo code STOCK_AWARD_20
Robinhood
https://join.robinhood.com/josephc1694
You get a free stock valued up to $229.24. All you have to do is sign up and link your bank account. That’s it. You don’t even need to deposit anything at all. Crazy. Also no fees for buying and selling stocks.
Crypto:
eToro
https://etoro.tw/3g75jKm
You get a $50 bonus when you deposit $50.
Coinbase (These are all separate promotions and you can do them all)
https://www.coinbase.com/join/chorvi_y
You get a $10 bonus when you buy or sell $100 worth of crypto on here. I would recommend depositing $100 and making a purchase.
https://coinbase.com/earn/oxt/invite/xk16vypm
You get a bonus of $12 worth of free Orchid (OXT) for watching a few videos. If you’re not familiar with crypto, yes, this is a real currency that you can either exchange for cash, or hold as it appreciates. Do this one after you sign up for a Coinbase account with my first link.
https://coinbase.com/earn/eos/invite/27dbgy61
You get a bonus of $10 worth of free EOS for watching a few videos. If you’re not familiar with crypto, yes, this is a real currency that you can either exchange for cash, or hold as it appreciates. Do this one after you sign up for a Coinbase account with my first link.
https://coinbase.com/earn/xlm/invite/jrp8s50h
You get a bonus of $10 worth of free Stellar Lumens (XLM) for watching a few videos. If you’re not familiar with crypto, yes, this is a real currency that you can either exchange for cash, or hold as it appreciates. Do this one after you sign up for a Coinbase account with my first link.
Voyager
https://go.onelink.me/4gTreferral?af_sub5=D1DYR0 - Must download the Voyager app and use this code to get the bonus - D1DYR0 (that’s a zero at the end)
You get a bonus of $25 worth of free Bitcoin when you deposit $100 and buy any crypto with it. This is a great app for trading crypto… no fees at all.
BlockFi
https://blockfi.com/?ref=d05c690b
You get a bonus of $10 worth of free Bitcoin when you deposit $100 worth of crypto to your BlockFi Interest Account. This is not an exchange where you buy crypto, but more like a savings account for your crypto, with great interest rates. You must keep your crypto deposit there until at least the next interest payment day, which I think is about a month.
Celsius Network
https://celsiusnetwork.app.link/175807e46c - To get the bonus, you must use the referral code 175807e46c
You get a bonus of $10 worth of Bitcoin when you deposit $200 worth of crypto. This is not an exchange where you buy crypto, but more like a savings account for your crypto, with great interest rates. Your bonus gets deposited into your account after 30 days. You must not withdraw anything until then.
There are 2 more working promo codes for Celsius Network once you sign up for your account. SPRING and APRIL0410. So first sign up for an account with my initial referral link/code, and then after you’ve deposited the initial $200, click on “Enter Promo Code,” and enter SPRING. Then deposit $100 more worth of crypto and you’ll get another $10 bonus that will be deposited in your account 30 days from now. Then do the exact same thing with the promo code APRIL0410. You can do all of these on the same day. Just remember not to make any withdrawals until ALL of your bonus money has been deposited into your account 30 days later.
Crypto Faucets:
They give away free Bitcoin and make money through the ads on their website. Earn free crypto just for clicking on the “Roll” button every hour, and by doing other things like taking surveys, watching videos, etc.
Freebitco
https://freebitco.in/?r=37784157
Cointiply
http://cointiply.com/RGowO
Banks:
Chase Bank
https://accounts.chase.com/raf/share/439379787
You get a $600 bonus for opening a Chase checking account and setting up direct deposit, and opening a Chase savings account and depositing $15,000 and maintaining the balance for 90 days. You can also do either one of these offers by themselves for a partial bonus. The direct deposit only has to happen one time and can be for any amount. I qualified for the bonus by selling a $20 ticket on Stubhub and ACHing that money to my Chase checking account. That counted as a “direct deposit.” HUGE bonus here!
Credit Cards:
Chase Freedom Unlimited
https://www.referyourchasecard.com/18/IO78YF2ELJ
https://www.referyourchasecard.com/18/R3181YOXC2
You get a $200 bonus when you spend $500 in the first 3 months. Plus 1.5% cash back on every purchase. No annual fee.
American Express Blue Cash Everyday
http://refer.amex.us/JOSEPCltOO?xl=cpm4
You get a $150 bonus when you spend $1,000 in the first 3 months. You also get 3% cash back on groceries, 2% cash back at gas stations and department stores, and 1% cash back on everything else. No annual fee.
Loans:
SoFi
https://www.sofi.com/share/2862843
You get a $100 bonus for taking out a personal loan or for refinancing a student loan with SoFi.
submitted by HumbleGuy3 to studentdiscounts [link] [comments]

Understanding Crypto Mining | And perhaps a way to mitigate its impact on the PC gaming ecosystem

EDIT: Per the moderation staff, I'm adding in to the header what I'm using to make it easier for prospective miners.
  1. Go to https://www.nicehash.com/
  2. Create a login
  3. Download their software and run it (this used to be "????")
  4. Profit
Once you reach 0.002 BTC (about 7-10 days on my GTX 1060 + i7-7700k), you can transfer your earnings to Coinbase for free, and cash out. CB does have fees for conversion to Fiat (cash) and your percentage goes down with higher amounts. So don't cash out just because you can. Cash out when you have enough to buy something.
Also a note on taxes. I'm going to keep this simple.
Hi folks. I just want to thank those of you in advance who trudge through this post. It's going to be long. I will try to have a TLDR at the end, so just scroll down for the bolded text if you want Cliff's Notes.
Disclaimer: I'm a miner, sort of. I casually mine when I sleep/work, using my existing PC. It doesn't make much. I don't buy hardware for mining. But, I still wanted to post this disclaimer in the interest of fairness.
As we all know, cryptocurrency mining has had a devastating impact on the PC gaming ecosystem. The demand for GPUs for mining has lead to scarce availability and sky high prices for relevant hardware. But even hardware that is less desirable for mining relative to their peers (GTX 1050ti, 1080) has been impacted. Why? Because when gamers can't get the 1060 or 1070 that they desire, they gravitate en masse towards something that their finances will allow them to settle for.
But for all that we know about mining, there's still a LOT of myth and misinformation out there. And I blame this on the bigger miners themselves. They have a few tactics they're using to discourage competition. Now, why would they do this? Simply put, the more coins are mined, the harder the algorithms get. That means the same hardware mines a lower rate of cryptocurrency over time. If the mining rates were to get too low before new hardware (Volta/Navi) could be released, it would cause a massive depression in the cryptocurrency market. Most hardware would become unprofitable, and used GPUs would flood the market. Miners want to retain profitability on current hardware until the next generation hardware is out.
So, what tactics are they engaging in? Silence and manipulation. On the former, the bigger miners don't usually participate and contribute to the community (there are exceptions, and they are greatly appreciated). They're sponges, taking whatever the community provides without returning much to the community. On the latter, they post here, in this very sub occasionally. And they continue to push certain types of myth/misinformation to discourage other users from mining.
And why, of all people, would you discourage gamers from mining? It's because of the competition point mentioned above. If a massive number of gamers entered the cryptocurrency mining market, it could trigger a mining apocalypse. There's an estimated 3-4 million current-gen GPUs being used in 24/7 mining operations by dedicated miners. Now, how many current-gen GPUs are used by gamers? I'd bet at least an equal amount. But what about Maxwell and Kepler? Or all those GCN-based GPUs up through Fiji? Bottom line is that when you factor in all available profitable GPUs, gamers drastically outnumber dedicated miners (yes, Kepler and GCN 1.0 are still profitable, barely). And if a large number of those users started casually mining as I am, the following would occur:
  • difficulty would increase, lower output (profitability) for everyone involved
  • Coin creation would initially accelerate, and with no massive change to the market cap, that means per-coin value drops
  • when you factor in slower coin generation for individual miners, coupled with lower coin value, you get...
  • ROI length increase on GPUs, depressing their values, which would lead to lower prices and higher availability
Oh dear, someone just spilled the beans...
So naturally, misinformation needs to be spread. If dedicated miners can keep the uninformed, well, uninformed, they're less likely to join in. And I've seen variations of the following misinformation spread. Here's the common tropes, and my rebuttal.
Mining on your GPU will cause it to die prematurely.
I really wish we had a Blackblaze-equivalent for GPUs used in data centers. NOTHING punishes a GPU like full-time use in a data center. Not mining, not gaming, and not prosumer usage. And these companies pay thousands per GPU. Clearly, they're getting solid ROI for their use.
But let's talk about mining specifically. For my GTX 1060, I limit power to 80% (96W). Fan speed is at a constant 40% (that's in the same ballpark as your blower-style GPU in desktop usage). Temperature is a constant 75°C. That's gentle. Gaming hurts it more (start/stop on the fan, varying temps, quick rise at the start and fall at the end, varying loads, etc.).
And if GPUs did prematurely die from mining? One miner insisted that I'd never see an ROI on my 1060 (which cost me $240) because it would die before I could earn that amount. Yea, GPUs routinely die before hitting their ROI. That's why miners are buying $200 GPUs today for $500, or $400 GPUs today for $900. Because they don't generate enough to cover their MSRP, let alone their current gouged prices. /s
Common sense would dictate that miners are profitable, or they wouldn't mine. Therefore, GPUs are not dying prematurely. So, don't fall for this one. And yes, I've seen those photos of the 20-card Sapphire RMA. Mining data centers have THOUSANDS of cards. Just do an image search for a GPU mining farm. This is well within typical acceptable defect rates.
Power costs are too high for mining to be profitable.
Warning! Danger Will Robinson! Math ahead!
Where I live, electricity ranges from 9.5 cents per kilowatt hour (kw/hr), to 10.1 cents per kw/hr. Let's round to 10 cents. Power measured at the wall from my surge protector, while mining, shows just under 200W. (That's includes my tower, monitor, speakers, a dedicated NAS, a router, and PSU inefficiency). That also includes mining on both CPU and GPU.
At 200W per hour, that's 5 hours to hit 1kw/hr. That's 5kw/hr per 25 hours, so let's call it 5kw/hr per day. That is $0.50 per day total from that outlet (and most of this stuff would be running anyway). That's not even "over my existing costs," that's just out the door.
Bottom line is that electricity is cheap in many areas. The USA national average is currently ~12 cents per kw/hr (RIP Hawaii, at 33 cents). For most of the developed world, power costs are not prohibitive. Don't fall for this. If unsure, check your rates on your bill, and ask someone who can do math if you can't.
Casually mining isn't profitable
There's a big difference between "profit" and "getting rich." I have no expectations of the latter happening from what I'm doing. But "profit" is very much real. It's not power costs that derail profitability. It's all of the hidden fees. Many mining programs take a cut of your output. And then a cut to transfer to a wallet. And then there's a fee to transfer to an exchange. Oh, did you want to then convert to cash? We can...for a fee!
The trick is in finding outlets that allow you to minimize fees. I give up 2% of my output, transfer to my wallet for free, can transfer to an exchange for free, and don't plan to cash out every time I meet the minimum threshold (higher fees!). I instead plan to cash out at extended set intervals to minimize those fees.
NOTE: I am deliberately not listing the provider(s) that I use, because I don't want to be accused of being associated with them and/or driving business to them. I want this post to be about the big picture. But I will answer questions in the comments, provided the moderation staff here has no objections.
Bottom line is that with a mid-range GPU like mine, and without the benefit of CPU mining (it's just not worth it without a modern Core i7, or Ryzen 5/7), my GPU alone could make me ~$60-$75/mo in profit at current rates. Think of how many months/years you go between upgrades. Now, do the math. Needless to say, I'm now regretting not going bigger up front :)
It's too complicated for a casual miner, so don't bother
The old "go big or go home" saying, and it sort of piggy backs off the last one. And there is some truth in this. If you're going to be a big-time miner, you need mining programs (often dedicated to each algorithm and/or currency), multiple wallets, access to multiple exchanges, etc. It's daunting.
But for the casual, you don't need that. There are multiple providers who offer you a one-stop-shop. I have one login right now. That login gives me my mining software, which switches between multiple algorithms/coins, gives me a wallet, and lets me transfer to an outside wallet/exchange. My second login will be the exchange (something that lets me convert my currency to local cash) when my balance justifies it. Given the recent Robin Hood announcement, I'm biding my time to see what happens. This space is getting competitive (lower fees).
Bottom line, it's easier now than it ever was before. As I told someone else, "Once I finally started, I wanted to kick my own ass for waiting so long."
New GPUs are expensive, but if you just wait, there will be a buttload of cheap, used GPUs for you!
Miners learned from the last crash. There were two types of miners in that crash: those who sold their GPUs at a loss, and those who kept mining and made out like bandits on the upswing. Turns out, cryptocurrency really does mimic the stock market (for now).
We're going to look at Bitcoin (BTC) to explain this. No, miners don't mine BTC. But, BTC is commonly what most coins are exchanged for (it makes up roughly one third of the entire cryptocurrency market). And it's the easiest currency to convert to cash. So, when BTC rises or falls in price, the rest of the market goes with it. That includes all of the coins that GPU miners are actually mining.
In January 2017, when the current mining push started, BTC was worth roughly $900 per coin. It's now worth roughly (as of this post) $12,000 per coin, down from a December high of over $20,000 per coin. So yea, the market "crashed." It's also more than 12x the value it was a year ago, when miners dove in. You think they're going to bail at 12x the value? Son, I've got news for you. This market needs to truly crash and burn for them to bail (and that's where you come in!).
So, there's not going to be a flood of used GPUs from a sudden market crash. Again, they've learned from that mistake. Used GPUs will enter the market when they are no longer profitable for mining, and not before. Dedicated miners have lots of room for expansion. When Volta comes out, they're not selling their Pascal GPUs. They're building new Volta mining rigs alongside the Pascal ones, making money off each of them.
Conclusion/TLDR:
  • Mining is subject to diminishing returns. It gets harder over time on the same hardware.
  • PC gamers joining the market en masse could trigger an apocalypse in terms of difficulty
  • Due to this, it benefits pro miners to spread misinformation to discourage gamers from entering the mining game
  • Casually mining on your existing system is safe, easy, could help you pay for your next upgrade(s), and could also hurt the mining market in general (better availability/pricing on GPUs)
  • No, there's no flood of used Pascal/Polaris/Vega GPUs around the corner, as those are HIGHLY profitable even in a depressed market
Second Conclusion - Why do I (jaykresge) personally care?
Simply put, I'm disgusted by this. I was excited about flipping a few friends from consoles to PC gaming. I'm now seeing a reverse trend. One friend is gaming on an RX 560 waiting for prices to hit sanity. He's running out of patience. Others have bailed.
I view our dormant GPUs as the best weapon against cryptocurrency mining. Destroy it from the inside. It's win-win for most of us. Either we earn enough for more upgrades, or we depress pricing. Something's got to give.
In other words, y'all f*ckers better start mining, because I want Volta to be reasonably priced when it launches so I can get an EVGA x80 Hybrid to go with a G-Sync monitor. And if this doesn't happen, I'm going to be cranky!
Seriously though, thanks for reading. Bear with me as I go over this a few more times for typing/grammar. And I look forward to your comments.
submitted by jaykresge to hardware [link] [comments]

[Guide] Investing beermoney in Cryptocurrency - Using Revolut to minimise fuss, fees & restrictions

Three big hurdles to convenient crypto investing are...
I'm going to run through the method I use to help you break down these barriers, and hopefully make your lives easier if you're looking to put some money into crypto in the future.
What do I require?
  1. A verified account on Coinbase [Ref | Non-Ref] and it's partner site, Coinbase Pro.
  2. A Revolut account - Ref | Non-Ref
So I have £5 sat in my bank account, and I want to buy some cryptocoin. What do I do?
 
Time - Almost instant. Takes a minute or so to transfer.
Fees - None.
 
Time - Instant
Cost - Current exchange rate. No additional fee.
Why? - Transferring GBP straight to Coinbase puts your funds on hold for 5 days!! While your funds are on hold, you can only purchase crypto through Coinbase (not CB Pro) which comes with extortionate fees. Coinbase has no such quarantine process for EUR deposits, so you can use your currency with zero limitations from day 1 of transfer!
 
Details to Enter
Company Name - CB Payments Ltd
IBAN - EE29 7700 7710 0196 1370
BIC/SWIFT - LHVBEE22
After succesfully adding Coinbase as a beneficiary you're now ready to send your funds across! But first, make sure to get your personal reference from Coinbase. This must be entered on the payment amount screen before you hit Send, otherwise your payment will not reach your account. You can find your personal reference on Coinbase.com as follows...Login -> Go to "Accounts" -> Click Deposit under "EUR Wallet" and follow the prompts to find your personal reference. Enter your transaction amount and ref into Revolut and hit Send.
Time - Same day on weekdays. Usually takes about half a day in my experience.
Cost - Free
 
Tips - Once deposited, you can now buy the crypto of your choice! When buying make sure to use "Limit" orders and not "Market" as the fees will be lower (for a €32.92 bitcoin purchase I just did, the fee was €0.05 (Only 0.15% fee!)
How? - "Trade" tab -> Select Market, e.g. "BTC to EUR" - > Click "Limit" -> Enter the limit price as the "last trade price" from the top of the screen - > Enter the amount of crypto you want to buy -> Check you're happy with the fee & total, then click Place Buy Order
So what have I actually achieved?
You've done a same-day crypto purchase with the only fee along the way being 0.15% to buy the cryptocurrency. This crypto can at any time be instantly sold for GBP at the current trading rate (again, use a "Limit Order") and deposited into your Paypal within minutes, and from there to your bank.
If you're looking to invest a little of your beermoney into Crypto on a semi-regular basis, this is a great way to do so without being shafted by delays, quarantines and fees.
Let me know if you have any questions or corrections, as I've put this together late at night. Happy to hear if anyone's found an easier way to get from GBP to Crypto too
Found this guide helpful, and want to say thanks?
Feel free to pop me a PM and I'll send you over a ref link, so you can kickstart your crypto savings with some free EOS and XLM!
submitted by Botw_Comp to beermoneyuk [link] [comments]

The Synthetic Newbe Doge buy guide, plus my 2 cents

Hi guys, this is my first post/comment/whatever on reddit, I hope it can be useful to everyone. I want to talk mainly about 2 topics:
Section 1) : To The Mooooon!
I'm a proud owner of 3.6K dogecoins, I mainly earned them in 2 ways
I'm a newbe in dogecoins or cryptocurrency in general, but I'm not a newbe on the net. I'm skilled in researches, payments and avoid scam/frauds, since I was a newbe I needed 2 things on my way to buy: affordable and safe.
What it comes is what I found.

=========== START OF TUTORIAL ================

Section 1a) : Buy Them
IMPORTANT: You CANNOT use Paypal, just SEPA or credit/debit card, even prepaid ones (which I suggest, safety first!)
Coinbase is the most safe "crypto-bank" I've been able to find. To join their board, you need to subscribe a new account, set your phone number, send a document so they can verify your ID, save a payment method.
Step 1/3:
IMPORTANT: keep in mind that you will pay a small fixed fee on your transfer, in my case if I buy an amount:
Step 2/3: Now that you own your bitcoin/ethereum/litecoin, you have to exchange them, but before this you need a wallet! I found a nice and safe site:
Just subscribe here, follow ALL the instruction the site asks, and in a couple of minutes you'll have a safe, fast with no fees doge wallet. Remember to backup all your wallet in a safe place!
Step 3/3:
Since it's almost impossible to directly buy dogecoin, you need a way to buy something else (bitcoin, ethereum or litecoin in this tutorial), and then exchange in to dogecoins. For this pourpose, I used changer.
All you have to do is subscribe an account, it is a legit site, you have to (obviously) pay some fees when converting a coin to another, but they're not that high. Safeness means fee, remember!
IMPORTANT: remember that every coin transaction pays a fee, so keep in mind that from the amount of coins you are going to trasnfer from your coinbase account, you have to substract the automatically applied fees (what you can send FROM coinbase will ALWAYS be a bit less than your balance!) . To check how much you can transfer, just go into coinbase, the 3th menu option on the top (the wallet icon), select the coin you bought (in my case Litecoin) and click on send, click on the amount you want to send (there are 2 fields, first euusd and second the amount of coin) and then click maximum amount. Copy that number.
Now, go back to changer:
Now you have to wait 10-20 min in order to transfer the coinbase amount to changer, then from changer to your dogecoin wallet, that's it!
IMPORTANT: there's always a loading bar over the amount to transfer field in changer, when it is full it will update the change rate from one coin to another, it depends on the market change rate.
That's it, congratulations, you safely bought dogecoins! Welcome new shiber!
Section 1b) : Faucet
There are many faucet or things that promise you free coins, 2 considerations:
Anyway during my researches, I found a "group" of inter-related faucets that really pay, I received about 300 doge from them. The idea behind this kind of faucets I'm about to talk is: the more often you'll check the page (not less than 5 minutes), the more you'll learn (anyway we're talking of cents even assuming you'll never sleep and stop living, just be on the site to claim every 5 minutes). Anyway, this set of faucets will continue generating coins even if your browser is absolutely closed, so they're worth a try.
That's it new shiber, you got some free dogecoins!
Actually, I spent 40 eur on dogecoin, buying in different times, hope we'll go on the moon soon :)

=========== END OF TUTORIAL ================

Section 2): My 2 cents
I think that what is happening to cryptomarket in these days is related to many factors.
In my opinion, there's no reason to get scared, in 10 days cryptomarket lost an average of 30% value, why shouldn't it gain back again? In february I expect dogecoin to skyrocket, as well as other cryptocurrencies, this is a sea that cannot be stopped anymore, so shibers let's hold, and don't forget that
1 Doge = 1 Doge.
Hope all this poem will be useful to someone, keep rocking guys :)
Thank you for your existence reddit, I learned a lot thanks to you!
submitted by Skull_47 to dogecoin [link] [comments]

About trading bitcoin for GBP...

I’ve noticed the same questions begin asked in BitcoinUK/ again and again. I’ve some experience of trading cryptos in the uk, so here’s a brain dump of what I’ve learned.
BE WARNED: things change quickly and this stuff will be out of date before long. I’m writing in August 2017, by November it’ll all be different
BE WARNED: don’t take any of the below as fact - it is opinion, my opinion, and you don’t know me, I could be a crazy person. Check your shit before you do anything.
ok.
Transferring funds to an exchange
The cheapest (and sometimes only) way to transfer funds to an exchange is via an international bank transfer (sometimes called bank wire). Each exchange has its own quirks, you need to do a bit of research before you begin. Most exchanges that have GBP markets will not have UK bank accounts (none possibly), even if they’re based in the UK. I’m not sure why - some are UK registered companies and are based in London, but still don’t have UK bank accounts. It seems weird but it’s quite common. I can only assume the crappy UK banking system refused them business. Don’t be afraid of international bank transfers, they aren’t necessarily difficult or expensive.
So, some things to check for you start transferring your hard earned cash…
Be patient. What you will find is that the 1st international payment you make to any one exchange takes a long time. If they say something like “up to 5 working days”, it will be at least 5 working days. After that first one is out of the way payments can arrive same day, within a couple of hours sometimes. However, note that the international banking system shuts down for the weekend. From experience, if you need to make a payment on Friday, make sure you make it before 10am on friday morning else it’ll be stuck until monday. I think the bankers basically go to the pub for lunch on Friday, forget their way back, and just stumble into another pub.
If you want to make a payment via a debit card, thats also possible on some exchanges. Same set of warnings apply as above; make sure you understand the fees, the exchange rates and the timescales. They almost all have a link from their homepage to their fees page. If an exchange isn’t clear about their fees don’t use them, simple as that.
If you’ve found an exchange that doesn’t seem to have a KYC (Know Your Customer) policy and will let you transfer funds without any sort of ID check, don’t do it. Don’t be tempted to use them because it feels like an easy option. STAY AWAY. Similarly if they don’t offer 2FA, don’t use them. Make sure you activate 2FA immediately, like the very first thing you do after registering. I believe the current advice is not to use Authy, but to use Google Authenticator (despite how shit it is). Also, turn on email login notifications (despite how annoying they are).
The Non-banks (Transferwsie, Revolute etc)
As far as I know exchanges will typically not accept payments from these “non-bank” entities. It’s due to their KYC and AML (Anti Money Laundering) policies. The problem is that the money you transfer will go to (or come from) a bank account that isn’t in your name, which just isn’t allowed any more, and for good reason.
I know that Transferwise now offers a personal EURO account which comes with it’s own IBAN. And I think Revolute offers both personal GBP and EURO accounts (although the euro IBAN just doesn’t work at all). But I don’t know if those accounts are in your name and the banking level, I suspect not. I’d be really interested to know if anyone has successfully transferred funds to or from an exchange to one of these “non-banks”. I know that some exchanges have explicit policies against these organisations and say that they will reject your payment, which will cost you time and no doubt money.
Interestingly, Revolute is becoming a crypto currency exchange soon. More on that another day maybe.
Transferring funds from an exchange
Same principals as above really - do your research first; check the fees, check the exchange rates and expect the first ever payment to be VERY, VERY slow, like super slow, more than 5 working days, weeks maybe (i’m not joking). I’ve noticed that payments from an exchange to my bank account will almost always take longer than payments from my bank account to an exchange do. Also, an intermediary bank may be involved (what ever that is), and they’ll help yourself to some of your money on its way through, so don’t necessarily expect it all to turn up. How much do they take? No one seems to know - check the small print, or don’t bother because it won’t say.
After your first withdrawal from an exchange, international bank payments to and from some exchanges can happen same day.
The Non-banks
Making a payment from an exchange to something other than a bank isn’t something I can comment on. I am trialling Crypto Capital, on the surface it seems like a good service, but will refrain from giving my opinion just yet.
The exchanges
I’ll limit this bit to those exchanges I’ve found that have GBP/crypto markets…
** ANXPRO - rating: 3/10 Based in HongKong. In summary - expensive, slow, a bit crap, but sometimes with good prices.
From time to time good prices can be found on ANX for selling BTC for GBP. You can’t deposit funds though, you can only withdraw. So for buying BTC with GBP you might as well forget them, but for selling it can be worth while.
The BTC/GBP market is not very liquid as you might expect for a Honk Hong market trading GBPs and the large spread can sometimes mean crappy prices. I have seen good prices here, but not often.
Withdrawing funds typically takes exactly 5 working days (occasionally it’s 2 but that’s rare). Often a bit of money disappears on its way (12GBP last time I checked) due to those pesky “intermediary banks”. Their withdrawal fee’s are high but are easy to understand and calculate.
The trading fee is I think the highest I’ve seen (0.6% last time I checked) for market takers, but less for market makers. I guess they’re trying to encourage market making… although their market maker fee isn’t great either. And there are no discounts available for high volume traders.
They have a reasonable API, and the exchange doesn’t seem to suffer from many planned or unplanned outages.
Their support is also reasonable, they usually reply within a couple of days which is WAY better than most.
My confidence in the exchange in general isn’t high at all. Sometimes crypto deposits simply don’t arrive (I’m not joking). If you’re a busy trader making lots of crypto funds movements, make sure you check that each and every transfer has arrived. If funds don’t arrive you have to raise a support ticket, maybe include a link to show the crypto network transaction taking place, and some days later your funds will appear. Red flag? You bet.
Their AML processes were ok as I recall.
** Kraken - rating 2/10 Based in Japan. In summary - a bit pointless.
Possibly I shouldn’t have included Kraken here as they’ve just delisted their GBP markets (temporarily maybe). Interestingly they did this by giving ZERO notice to their customers which is a bit unforgivable.
Their technology is clearly appalling. The website is crazy slow, sometimes unreachable, weirdly designed (IMO) and just not that easy to use - mostly because it’s so slow. They have an ok API but it’s completely unresponsive at times. It’s not uncommon to get errors when placing orders so you’ve no idea if the order was placed or not, same goes for cancelling orders, order books can take minutes down download and are basically fictional. Red flag? Oh yes.
GBP deposits are cheap (10GBP last time i checked), and from memory quite fast, I think I’ve had them arrive same day. Maybe the Japanese banking system actually works? Withdrawals aren’t so cheap though (60GBP I think) and not very fast, certainly not same day.
Support is not great, but ok I guess. I feel like responses come in 3 to 5 days, and they actually attempt to answer your question.
Their KYC/AML process is very thorough. There are 4 levels of verification, it like a shit game.
Their trading fees are reasonable and they do have discounts for high volume traders.
** CEX.IO - rating 7/10 Based in the UK I think. In summary - the best place to buy crypto currencies with GBP (IMO!).
GBP bank transfers to the exchange are free, and they support Crypto Capital which is also free for inbound transfers. You can also deposit GBP via a VISA or master card, although it’s very expensive (I wouldn’t bother personally) but I assume much faster than a bank transfer. Their bank isn’t UK based so its another international transfer and takes the usual amount of time (i.e. some days).
GBP bank withdrawals are also cheap (30GBP), they even offer a withdrawal to a VISA debit card for only 2.90GBP. They do have strict limits on what can be withdrawn though, so if you’re a big trader it may not be suitable, (I think its suitable only for small time traders). Strangely they charge 1% for crypto capital withdrawals which makes no sense. I’ve checked the Crypto Capital fees page and can’t fathom why CEX have chosen to add this fee, it seems crazy.
As mentioned above, your first withdrawal to a bank account (or other payment provider) will take FOREVER, like two weeks or more. They don’t really explain this adequately in my opinion.
They have a small number of markets (BTC, BCH and ETH) but are expanding these slowly. And you can trade with other FIAT currencies as well.
Support is bad. Slow to reply, and you’ll get a stock response. Almost no effort is made to answer your question. Time between replies is several days if you get one at all.
The API is good, the website is fairly easy to understand, responsive and uptime is excellent.
Their KYC/AML process is very thorough. Weirdly I’ve had to do it twice, the second time was via email which didn’t feel at all secure. Why are the exchanges still using email for this stuff?
Their trading fees are reasonable but they don’t have any sort of discounts for high volume traders.
*** Coinbank - rating 5/10 Based in… well that’s unclear - Scotland? Belize? In summary - crazy high fees.
Deposit fees for GBP are actually zero, but withdrawal fees are way too high for both FIAT and crypto currencies. Any exchange that charges percentages for withdrawal fees (as opposed to a fixed value) should be treated with great caution. Trading fee’s are also very high.
As usual, their bank isn’t UK based so you’re looking at days to make a deposit, and many days to make a withdrawal, but as you’ve probably realised by now that seems to be the norm.
Their API is ok (the order book appears to be partly fictional) and the last time I checked the API was changing - maybe they’re still building it. The website is fine I guess. It’s quick enough and doesn’t seem to suffer from that much of planned or unplanned downtime. I don’t like dark backgrounds though and I don’t think you can change it, but that’s just me.
They don’t have many markets but do support most major crypto currencies. Interestingly they have some pure FIAT/FIAT markets which is something I’m beginning to see more of. The GBP markets aren’t very liquid either, so sometimes the spread is high which means the prices are pretty uncompetitive. Occasionally though someone comes in with a massive order so you’ll maybe get lucky and get a good deal.
It’s a while since I used their support (i’ve stopped trading because of the fees), but I recall it wasn’t great. My last ticket ended with something like ”a member of the tech team will get back to you”, and that’s the last I heard from them.
They appeared to have adequate KCY/AML procedures. They don’t offer any discounts for high volume traders.
** Coinfloor - rating 6/10
Based in the UK (but you guessed it, with an overseas bank account). In summary - a good all round exchange!
I think they pride them selves on their security and suitability for being regulated (and I hope the succeed). I like coinfloor.
They have a slightly unusual business model in my opinion. They charge a deposit fee and a withdrawal fee, but they don’t charge a trading fee. It didn’t used to be the case, and I guess may not be in the future. The fee’s are competitive though, certainly not high.
Support is excellent, probably the best I’ve encountered. Someone usually responds same day and they even read your question and attempt to be helpful with their answer. Amazing.
The website is a pretty basic no frills affair. It certainly won’t make your laptop sound like a hovercraft unlike some. One thing to mention is that you can only withdraw crypto funds to a single wallet (per currency) and that wallet must be a personal wallet and not one on another exchange. I doubt they can enforce where that wallet is, but it certainly against their usage policy.
Until recently you could only trade BTC here, but they’ve now added support for more currencies. They didn’t do it very well though, you can’t withdraw the new currencies, and they aren’t supported by the API.
The website has suffered from some long outages which were definitely unplanned. The API is mostly good though, stable, reliable and easy to use.
They do have discounts for high volume traders and their KYC/AML procedures were good as I recall.
** GDAX (aka Coinbase) - rating 5/10
I wasn’t going to mention GDAX because GBP deposits aren’t an option. However, as it’s such a large exchange it’s worth mentioning. In summary - good but a bit pointless.
GDAX does have one GBP market but getting into it isn’t very easy. You can’t deposit GBP funds into the exchange but you can sell BTC for GBP, sometimes at good prices too. You can register a UK bank account but using it is complicated - better to look at their docs rather than have me do an bad explanation. Ultimately, if you send them GBPs I think you’ll be credited with EUROs.
The fee’s are ok (but complicated), their technology is good. I don’t recall their KYC/AML procedures.
They have 2 websites confusingly; GDAX is aimed at traders and Coinbase is aimed at people who want to occasionally buy and sell. I guess Coinbase is just a simple front end for GDAX. The API is the best I’ve seen.
They have discounts for high volume traders.
In summary
I’m sure there are other GBP markets out there, and I’ll update this post when I have an opinion on them. For now though, if you want to buy crypto currencies for GBP, you best bet in my opinion is cex.io. You’ll find good prices, good market depth, a small spread and enough currencies to get you started. Support is crap (but that’s the norm), but both deposits and withdrawals are cheap and reliable, you just need to be patient. If you aren’t patient however they at least have an expensive & fast option for you and that is to buy with your debit card.
submitted by fakeyfaky to BitcoinUK [link] [comments]

Blockchain Wallets

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What a Blockchain Wallet is? What is its purpose?
Find the answer after reading this article.
Public/Private Key
The public key is the digital code you give to someone that wants to transfer ownership of a unit of cryptocurrency to you; and a private key is what you need to be able to unlock your own wallet to transfer a unit of a cryptocurrency to someone else. The encoding of information within a wallet is done by the private and public keys. That is the main component of the encryption that maintains the security of the wallet. Both keys function in simultaneous encryption systems called symmetric and asymmetric encryption. The former, alternatively known as private key encryption, makes use of the same key for encryption and decryption. The latter, asymmetric encryption, utilizes two keys, the public and private key, wherein a message-sender encrypts the message with the public key, and the recipient decodes it with their private key. The public key uses asymmetric algorithms that convert messages into an unreadable format. A person who possesses a public key can encrypt the message for a specific receiver.
Accessing wallets
Methods of wallet access vary depending on the type of wallet being used. Various types of currency wallets on an exchange will normally be accessed via the exchange’s entrance portal, normally involving a combination of a username/password and optionally, 2FA (Two factor authentication, which we explain in more detail later). Whereas hardware wallets need to be connected to an internet enabled device, and then have a pin code entered manually by the user in possession of the hardware wallet in order for access to be gained. Phone wallets are accessed through the device on which the wallet application has been downloaded. Ordinarily, a passcode and/or security pattern must be entered before entry is granted, in addition to 2FA for withdrawals.
Satoshi Nakamoto built the Satoshi client which evolved into Bitcoin in 2009. This software allowed users to create wallets and send money to other addresses. However, it proved to be a nightmarish user experience, with many transactions being sent to incorrect addresses and private keys being lost. The MtGox (Magic the Gathering Online exchange, named after the original intended use of the exchange) incident, which will be covered in greater detail later, serves as a reminder of the dangers present in the cryptosphere regarding security, and the need to constantly upgrade your defenses against all potential hacks. The resulting loss of 850k BTC is a still unresolved problem, weighing heavily on the victims and the markets at large. This caused a huge push for a constantly evolving and improving focus on security. Exchanges that developed later, and are thus considered more legitimate and secure, such as Gemini and Coinbase, put a much greater emphasis on vigilance as a direct result of the MtGox hacking incident. We also saw the evolution of wallet security into the physical realm with the creation of hardware wallets, most notable among them the Ledger and Trezor wallets.
Types of Wallets & Storage Methods
The simplest way to sift through the dozens of cryptocurrency storage methods available today, is to divide them up into digital and non-digital, software and hardware wallets. There are also less commonly used methods of storage of private keys, like paper wallets and brain wallets. We will examine them all at least briefly, because in the course of your interaction with cryptocurrencies and Blockchain technology, it is essential to master all the different types of hardware and software wallets. Another distinction must be made between hot wallets and cold wallets. A hot wallet is one that is connected to the internet, and a cold wallet is one that is not. Fun fact: The level below cold storage, deep cold storage has just recently been implemented by the Regal RA DMCC, a subsidiary of an internationally renowned gold trading company licensed in the Middle East. After having been granted a crypto trading license, Regal RA launched their “deep cold” storage solution for traders and investors, which offers the ability to store crypto assets in vaults deep below the Almas Tower in Dubai. This storage method is so secure that at no point is the vault connected to a network or the internet; meaning the owners of the assets can be sure that the private keys are known only to the rightful owners.
Lets take a quick look at specific features and functionality of varieties of crypto wallets. Software wallets: wallet applications installed on a laptop, desktop, phone or tablet. Web Wallets: A hot wallet by definition. Web Wallets are accessible through the web browser on your phone or computer. The most important feature to recognize about any kind of web wallet, is that the private keys are held and managed by a trusted third party. MyEtherWallet is the most commonly used non-exchange web wallet, but it can only be used to store Ethereum and ERC-20 tokens.
Though the avenue of access to MEW is through the web, it is not strictly speaking a web wallet, though this label will suffice for the time being. The MEW site gives you the ability to create a new wallet so you can store your ETH yourself. All the data is created and stored on your CPU rather than their servers. This makes MEW a hybrid kind of web wallet and desktop wallet. Exchange Wallets: A form of Web Wallet contained within an exchange. An exchange will hold a wallet for each individual variety of cryptocurrency you hold on that exchange. Desktop Wallets: A software program downloaded onto your computer or tablet hard drive that usually holds only one kind of cryptocurrency. The Nano Wallet (Formerly Raiwallet) and Neon wallet for storage of NEO and NEP-5 tokens are notable examples of desktop wallets Phone Wallets: These are apps downloaded onto a mobile phone that function in the same manner as a desktop wallet, but actually can hold many different kinds of cryptocurrency. The Eidoo Wallet for storing Ethereum and its associated tokens and Blockchain Wallet which currently is configured to hold BTC, ETH and Bitcoin Cash, are some of the most widely used examples.
Hardware wallets — LedgeTrezoAlternatives
Hardware wallets are basically physical pathways and keys to the unique location of your crypto assets on the Blockchain. These are thought to be more secure than any variety of web wallet because the private key is stored within your own hard wallet, an actual physical device. This forcibly removes the risk your online wallet, or your exchange counter party, might be hacked in the same manner as MtGox. In hardware wallet transactions, the wallet’s API creates the transaction when a user requests a payment. An API is a set of functions that facilitates the creation of applications that interact and access features or data of an operating system. The hardware then signs the transaction, and produces a public key, which is given to the network. This means the signing keys never leave the hardware wallet. The user must both enter a personal identification number and physically press buttons on the hardware wallet in order to gain access to their Blockchain wallet address through this method, and do the same to initiate transfers.
Paper Wallets
Possibly the safest form of cryptocurrency storage in terms of avoiding hacking, Paper Wallets are an offline form of crypto storage that is free to set up, and probably the most secure way for users, from beginners to experts, to hold on to their crypto assets. To say it simply, paper wallets are an offline cold storage method of storing cryptocurrency. This includes actually printing out your public and private keys on a piece of paper, which you then store and save in a secure place. The keys are printed in the form of QR codes which you can scan in the future for all your transactions. The reason why it is so safe is that it gives complete control to you, the user. You do not need to worry about the security or condition of a piece of hardware, nor do you have to worry about hackers on the net, or any other piece of malware. You just need to take care of one piece of paper!
Real World Historical Examples of Different Wallet Types
Web Wallet: Blockchain.info Brief mechanism & Security Blockchain.info is both a cryptocurrency wallet, supporting Bitcoin, Ethereum and Bitcoin cash, and also a block explorer service. The wallet service provided by blockchain.info has both a Web Wallet, and mobile phone application wallet, both of which involve signing up with an email address, and both have downloadable private keys. Two Factor Authentication is enabled for transfers from the web and mobile wallets, as well as email confirmation (as with most withdrawals from exchanges). Phone Wallet: Eidoo The Eidoo wallet is a multi-currency mobile phone app wallet for storage of Ethereum and ERC-20 tokens. The security level is the standard phone wallet level of email registration, confirmation, password login, and 2 factor authentication used in all transfers out. You may find small volumes of different varieties of cryptocurrencies randomly turning up in your Eidoo wallet address. Certain projects have deals with individual wallets to allow for “airdrops” to take place of a particular token into the wallet, without the consent of the wallet holder. There is no need to be alarmed, and the security of the wallet is not in any way compromised by these airdrops.
Neon Wallet
The NEON wallet sets the standard for web wallets in terms of security and user-friendly functionality. This wallet is only designed for storing NEO, Gas, and NEP-5 tokens (Ontology, Deep Brain Chain, RPX etc.). As with all single-currency wallets, be forewarned, if you send the wrong cryptocurrency type to a wallet for which it is not designed, you will probably lose your tokens or coins. MyEtherWallet My Ether Wallet, often referred to as MEW, is the most widely used and highly regarded wallet for Ethereum and its related ERC-20 tokens. You can access your MEW account with a hardware wallet, or a different program. Or you can also get access by typing or copying in your private key. However, you should understand this method is the least safe way possible,and therefore is the most likely to result in a hack. Hardware: TrezoLedger Brief History Mechanism and Security A hardware wallet is a physical key to your on-chain wallet location, with the private keys contained within a secure sector of the device. Your private key never leaves your hardware wallet. This is one of the safest possible methods of access to your crypto assets. Many people feel like the hardware wallet strikes the right balance between security, peace of mind, and convenience. Paper Wallet Paper wallets can be generated at various websites, such as https://bitcoinpaperwallet.com/ and https://walletgenerator.net/. They enable wallet holders to store their private keys totally offline, in as secure a manner as is possible.
Real World Example — Poor Practices
MtGox Hack history effects and security considerations MtGox was the largest cryptocurrency exchange in the world before it was hacked in 2014. They were handling over 70% of BTC transactions before they were forced to liquidate their business. The biggest theft of cryptocurrency in history began when the private keys for the hot wallets were stolen in 2011 from a wallet.dat file, possibly by hacking, possibly by a rogue employee. Over the course of the next 3 years the hot wallets were emptied of approximately 650000 BTC. The hacker only needed wallet.dat file to access and make transfers from the hot wallet, as wallet encryption was only in operation from the time of the Bitcoin 0.4.0 release on Sept 23rd 2011. Even as the wallets were being emptied, the employees at Mt Gox were apparently oblivious to what was taking place. It seems that Mt Gox workers were interpreting these withdrawals as large transfers being made to more secure wallets. The former CEO of the exchange, Mark Karpeles, is currently on trial for embezzlement and faces up to 5 years in prison if found guilty. The Mt Gox hack precipitated the acceleration of security improvements on other exchanges, for wallets, and the architecture of bitcoin itself. As a rule of thumb, no small-to-medium scale crypto holders should use exchange wallets as a long-term storage solution. Investors and experienced traders may do this to take advantage of market fluctuations, but exchange wallets are perhaps the most prone to hacking, and storing assets on exchanges for an extended time is one of the riskiest ways to hold your assets.
In a case strikingly similar to the MtGox of 2011–2014, the operators of the BitGrail exchange “discovered” that approximately 17 million XRB ($195 million worth in early 2018) were missing. The operators of the exchange were inexplicably still accepting deposits, long after they knew about the hack. Then they proceeded to block withdrawals from non-EU users. And then they even requested a hard fork of the code to restore the funds. This would have meant the entire XRB Blockchain would have had to accept all transactions from their first “invalid” transaction that were invalid, and rollback the ledger. The BitGrailexchange attempted to open operations in May 2018 but was immediately forced to close by order of the Italian courts. BitGrail did not institute mandatory KYC (Know your customer) procedures for their clients until after the theft had been reported, and allegedly months after the hack was visible. They also did not have 2 factor authentication mandatory for withdrawals. All big, and very costly mistakes.
Case Study: Good Practice Binance, the Attempted Hack
During the 2017 bull run, China-based exchange Binance quickly rose to the status of biggest altcoin exchange in the world, boasting daily volumes that surged to over $4 billion per day in late December. Unfortunately, this success attracted the attention of some crafty hackers. These hackers purchased domain names that were confusingly similar to “binance.com”. And then they created sufficiently convincing replica websites so they could phish traders for their login information. After obtaining this vital info, the scammers created API keys to place large buy orders for VIAcoin, an obscure, low volume digital currency. Those large buy orders spiked VIA’s price. Within minutes they traded the artificially high-priced VIA for BTC. Then they immediately made withdrawal requests from the hacked BTC wallets to wallets outside of the exchange. Almost a perfect fait accompli! But, Binance’s “automating risk management system” kicked in, as it should, and all withdrawals were temporarily suspended, resulting in a foiled hacking attempt.
Software Wallets Web/Desktop/Phone/Exchange Advantages and Limitations
As we said before, it is inadvisable to store crypto assets in exchange wallets, and, to a lesser extent, Web Wallets. The specific reason we say that is because you need to deliver your private keys into the hands of another party, and rely on that website or exchange to keep your private key, and thus your assets, safe. The advantages of the less-secure exchange or web wallets, are the speed at which you can transfer assets into another currency, or into another exchange for sale or for arbitrage purposes. Despite the convenience factor, all software wallets will at some point have been connected to the internet or a network. So, you can never be 100% sure that your system has not been infected with malware, or some kind of keylogging software, that will allow a third party to record your passwords or private keys. How well the type of storage method limits your contact with such hazards is a good way to rate the security of said variety of wallet. Of all the software wallets, desktop and mobile wallets are the most secure because you download and store your own private key, preferably on a different system. By taking the responsibility of private key storage you can be sure that only one person has possession of it, and that is you! Thereby greatly increasing the security of your crypto assets. By having their assets in a desktop wallet, traders can guard their private key and enjoy the associated heightened security levels, as well keep their assets just one swift transfer away from an exchange.
Hardware Wallets Advantages and Limitations
We briefly touched on the features and operation of the two most popular hardware wallets currently on the market, the Ledger and Trezor wallets. Now it will be helpful to take a closer look into the pros and cons of the hardware wallet storage method. With hardware wallets, the private keys are stored within a protected area of the microcontroller, and they are prevented from being exported out of the device in plain text. They are fortified with state-of-the-art cryptography that makes them immune to computer viruses and malware. And much of the time, the software is open source, which allows user validation of the entire performance of the device. The advantages of a hardware wallet over the perhaps more secure paper wallet method of crypto storage is the interactive user experience, and also the fact that the private key must at some stage be downloaded in order to use the paper wallet. The main disadvantage of a hardware wallet is the time-consuming extra steps needed to transfer funds out of this mode of storage to an exchange, which could conceivably result in some traders missing out on profits. But with security being the main concern of the vast majority of holders, investors and traders too, this slight drawback is largely inconsequential in most situations.
Paper Wallets Advantages and Limitations
Paper wallets are thought by some to be the safest way to store your crypto assets, or more specifically, the best method of guarding the pathways to your assets on the Blockchain. By printing out your private key information, the route to your assets on the Blockchain is stored 100% offline (apart from the act of printing the private key out, the entire process is totally offline). This means that you will not run the risk of being infected with malware or become the victim of keylogging scams. The main drawback of using paper wallets is that you are in effect putting all your eggs in one basket, and if the physical document is destroyed, you will lose access to your crypto assets forever.
Key things to keep in mind about your Wallet Security: Recovery Phrases/Private Key Storage/2FA/Email Security
Recovery phrases are used to recover the on-chain location for your wallet with your assets for hardware wallets like ledgers and Trezors that have been lost. When you purchase a new ledger for example, you just have to set it up again by entering the recovery phrase into the display and the lost wallets will appear with your assets intact. Private key storage is of paramount importance to maintain the safety of your on-chain assets! This should be done in paper wallet form, or stored offline on a different computer, or USB device, from the one you would typically use to connect to the 2 Factor Authentication (2FA) sometimes known as “two step authentication”. This feature offers an extra security layer when withdrawing funds from cryptocurrency wallets. A specialized app, most commonly Google Authenticator, is synced up to the exchange to provide a constantly changing code. This code must be entered within a short time window to initiate transfers, or to log into an exchange, if it has also been enabled for that purpose.
You must always consider the level of fees, or the amount of Gas, that will be needed to carry out the transaction. In times of high network activity Gas prices can be quite high. In fact, in December 2017 network fees became so high that some Bitcoin transactions became absolutely unfeasible. But that was basically due to the anomalous network congestion caused by frantic trading of Bitcoin as it was skyrocketing in value. When copying wallet addresses, double check and triple check that they are correct. If you make a mistake and enter an incorrect address, it is most likely your funds will be irretrievably lost; you will never see those particular assets again. Also check that you haven’t input the address of another one of your wallets that is designed to hold a different variety of cryptocurrency. You would similarly run the very great risk of losing your funds forever. Or, at the very least, if you have sent the wrong crypto to a large exchange wallet, for example on Coinbase, maybe you could eventually get those funds back, but it would still entail a long and unenjoyable wait.
How to Monitor Funds
There are two ways to monitor you funds and your wallets. The first is by searching for individual wallet addresses on websites specifically designed to let you view all the transactions on a particular Blockchain. The other is to store a copy of your wallet contents on an application that tracks the prices of all cryptocurrencies. Blockchain.info is the block explorer for Bitcoin, and it allows you to track all wallet movements so you can view your holdings and all the historical transactions within the wallet. The Ethereum blockchain’s block explorer is called Ether scanner, and it functions in the same way. There is a rival to Ether scanner produced by the Jibrel Network, called JSearch which will be released soon. JSearch will aim to offer a more streamlined and faster search method for Ethereum blockchain transactions. There are many different kinds of block explorer for each individual crypto currency, including nanoexplorer.io for Nano (formerly Rai Blocks) and Neotracker for NEO. If you simply want to view the value of your portfolio, the Delta and Blockfolio apps allow you to easily do that. But they are not actually linked to your specific wallet address, they just show price movements and total value of the coins you want to monitor.
That’s not all! You can learn how to transfer and monitor the funds in and out of your wallet by clicking on the link.
To be continued!
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submitted by UBAI_UNIVERSITY to u/UBAI_UNIVERSITY [link] [comments]

Information and FAQ

Hi, for everyone looking for help and support for IOTA you have come to the right place. Please read this information, the FAQ and the side bar before asking for help.

Information

IOTA

IOTA is an open-source distributed ledger protocol launched in 2015 that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-resistant Directed Acyclic Graph (DAG), whose digital currency 'iota' has a fixed money supply with zero inflationary cost.
IOTA uniquely offers zero-fee transactions & no fixed limit on how many transactions can be confirmed per second. Scaling limitations have been removed, since throughput grows in conjunction with activity; the more activity, the more transactions can be processed & the faster the network. Further, unlike blockchain architecture, IOTA has no separation between users and validators (miners / stakers); rather, validation is an intrinsic property of using the ledger, thus avoiding centralization.
IOTA is focused on being useful for the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT), data integrity, micro-/nano- payments, and other applications where a scalable decentralized system is warranted.
More information can be found here.

Non reusable addresses

Contrary to traditional blockchain based systems such as Bitcoin, where your wallet addresses can be reused, IOTA's addresses should only be used once (for outgoing transfers). That means there is no limit to the number of transactions an address can receive, but as soon as you've used funds from that address to make a transaction, this address should not be used anymore.
The reason for this is, by making an outgoing transaction a part of the private key of that specific address is revealed, and it opens the possibility that someone may brute force the full private key to gain access to all funds on that address. The more outgoing transactions you make from the same address, the easier it will be to brute force the private key.
It should be noted that having access to the private key of an address will not reveal your seed or the private key of the other addresses within your seed / "account".
This piggy bank diagram can help visualize non reusable addresses. imgur link

Address Index

When a new address is generated it is calculated from the combination of a seed + Address Index, where the Address Index can be any positive Integer (including "0"). The wallet usually starts from Address Index 0, but it will skip any Address Index where it sees that the corresponding address has already been attached to the tangle.

Private Keys

Private keys are derived from a seeds key index. From that private key you then generate an address. The key index starting at 0, can be incremented to get a new private key, and thus address.
It is important to keep in mind that all security-sensitive functions are implemented client side. What this means is that you can generate private keys and addresses securely in the browser, or on an offline computer. All libraries provide this functionality.
IOTA uses winternitz one-time signatures, as such you should ensure that you know which private key (and which address) has already been used in order to not reuse it. Subsequently reusing private keys can lead to the loss of funds (an attacker is able to forge the signature after continuous reuse).
Exchanges are advised to store seeds, not private keys.

Double spending

Sending a transaction will move your entire balance to a completely new address, if you have more than one pending transaction only one can eventually be confirmed and the resulting balance is sent to your next wallet address. This means that the other pending transactions are now sent from an address that has a balance of 0 IOTA, and thus none of these pending transactions can ever be confirmed.

Transaction Process

As previously mentioned, in IOTA there are no miners. As such the process of making a transaction is different from any Blockchain out there today. The process in IOTA looks as follows:
  • Signing: You sign the transaction inputs with your private keys. This can be done offline.
  • Tip Selection: MCMC is used to randomly select two tips, which will be referenced by your transaction (branchTransaction and trunkTransaction)
  • Proof of Work: In order to have your transaction accepted by the network, you need to do some Proof of Work - similar to Hashcash, not Bitcoin (spam and sybil-resistance). This usually takes a few minutes on a modern pc.
After this is completed, the trunkTransaction, branchTransaction and nonce of the transaction object should be updated. This means that you can broadcast the transaction to the network now and wait for it to be approved by someone else.

FAQ

How do I to buy IOTA?

Currently not all exchanges support IOTA and those that do may not support the option to buy with fiat currencies.
One way to buy IOTA is to buy with bitcoin (BTC) or Ether (ETH), first you will need to deposit BTC/ETH onto an exchange wallet and you can the exchange them for IOTA.
You can buy BTC or ETH through coinbase. And exchange those for IOTA on Binance or Bitfinex (other exchanges do exist, some linked in the side bar).
A detailed guide to buying can be found here.

What is MIOTA?

MIOTA is a unit of IOTA, 1 Mega IOTA or 1 Mi. It is equivalent to 1,000,000 IOTA and is the unit which is currently exchanged.
We can use the metric prefixes when describing IOTA e.g 2,500,000,000 i is equivalent to 2.5 Gi.
Note: some exchanges will display IOTA when they mean MIOTA.

Can I mine IOTA?

No you can not mine IOTA, all the supply of IOTA exist now and no more can be made.
If you want to send IOTA, your 'fee' is you have to verify 2 other transactions, thereby acting like a minenode.

Where should I store IOTA?

It is not recommended to store large amounts of IOTA on the exchange as you will not have access to the private keys of the addresses generated.
However many people have faced problems with the current GUI Wallet and therefore group consensus at the moment is to store your IOTA on the exchange, until the release of the UCL Wallet, or the Paper Wallet.

What is the GUI wallet?

What is the UCL Wallet?

What is a seed?

A seed is a unique identifier that can be described as a combined username and password that grants you access to your wallet.
Your seed is used to generate the addresses linked to your account and so this should be kept private and not shared with anyone. If anyone obtains your seed, they can login and access your IOTA.

How do I generate a seed?

You must generate a random 81 character seed using only A-Z and the number 9.
It is recommended to use offline methods to generate a seed, and not recommended to use any non community verified techniques. To generate a seed you could:

On a Linux Terminal use the following command:

 cat /dev/urandom |tr -dc A-Z9|head -c${1:-81} 

On a Mac Terminal use the following command:

 cat /dev/urandom |LC_ALL=C tr -dc 'A-Z9' | fold -w 81 | head -n 1 

With KeePass on PC

A helpful guide for generating a secure seed on KeePass can be found here.

With a dice

Dice roll template

Is my seed secure?

  1. All seeds should be 81 characters in random order composed of A-Z and 9.
  2. Do not give your seed to anyone, and don’t keep it saved in a plain text document.
  3. Don’t input your seed into any websites that you don’t trust.
Is this safe? Can’t anyone guess my seed?
What are the odds of someone guessing your seed?
  • IOTA seed = 81 characters long, and you can use A-Z, 9
  • Giving 2781 = 8.7x10115 possible combinations for IOTA seeds
  • Now let's say you have a "super computer" letting you generate and read every address associated with 1 trillion different seeds per second.
  • 8.7x10115 seeds / 1x1012 generated per second = 8.7x10103 seconds = 2.8x1096 years to process all IOTA seeds.

Why does balance appear to be 0 after a snapshot?

When a snapshot happens, all transactions are being deleted from the Tangle, leaving only the record of how many IOTA are owned by each address. However, the next time the wallet scans the Tangle to look for used addresses, the transactions will be gone because of the snapshot and the wallet will not know anymore that an address belongs to it. This is the reason for the need to regenerate addresses, so that the wallet can check the balance of each address. The more transactions were made before a snapshot, the further away the balance moves from address index 0 and the more addresses have to be (re-) generated after the snapshot.

Why is my transaction pending?

IOTA's current Tangle implementation (IOTA is in constant development, so this may change in the future) has a confirmation rate that is ~66% at first attempt.
So, if a transaction does not confirm within 1 hour, it is necessary to "reattach" (also known as "replay") the transaction one time. Doing so one time increases probability of confirmation from ~66% to ~89%.
Repeating the process a second time increases the probability from ~89% to ~99.9%.

What does attach to the tangle mean?

The process of making an transaction can be divided into two main steps:
  1. The local signing of a transaction, for which your seed is required.
  2. Taking the prepared transaction data, choosing two transactions from the tangle and doing the POW. This step is also called “attaching”.
The following analogy makes it easier to understand:
Step one is like writing a letter. You take a piece of paper, write some information on it, sign it at the bottom with your signature to authenticate that it was indeed you who wrote it, put it in an envelope and then write the recipient's address on it.
Step two: In order to attach our “letter” (transaction), we go to the tangle, pick randomly two of the newest “letters” and tie a connection between our “letter” and each of the “letters” we choose to reference.
The “Attach address” function in the wallet is actually doing nothing else than making an 0 value transaction to the address that is being attached.

How do I reattach a transaction.

Reattaching a transaction is different depending on where you send your transaction from. To reattach using the GUI Desktop wallet follow these steps:
  1. Click 'History'.
  2. Click 'Show Bundle' on the 'pending' transaction.
  3. Click 'Reattach'.
  4. Click 'Rebroadcast'. (optional, usually not required)
  5. Wait 1 Hour.
  6. If still 'pending', repeat steps 1-5 once more.

What happens to pending transactions after a snapshot?

How do I recover from a long term pending transaction?

How can I support IOTA?

You can support the IOTA network by setting up a Full Node, this will help secure the network by validating transactions broadcast by other nodes.
Running a full node also means you don't have to trust a 3rd party in showing you the correct balance and transaction history of your wallet.
By running a full node you get to take advantage of new features that might not be installed on 3rd party nodes.

How to set up a full node?

To set up a full node you will need to follow these steps:
  1. Download the full node software: either GUI, or headless CLI for lower system requirements and better performance.
  2. Get a static IP for your node.
  3. Join the network by adding 7-9 neighbours.
  4. Keep your full node up and running as much as possible.
A detailed user guide on how to set up a VTS IOTA Full Node from scratch can be found here.

How do I get a static IP?

To learn how to setup a hostname (~static IP) so you can use the newest IOTA versions that have no automated peer discovery please follow this guide.

How do I find a neighbour?

Are you a single IOTA full node looking for a partner? You can look for partners in these place:

Extras

Transaction Example:

Multiple Address in 1 Wallet Explained:

submitted by Boltzmanns_Constant to IOTASupport [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome To The /Bitcoin Sticky FAQ

Maybe you're here because you've received a tip on social media, or maybe you've just been hearing a lot recently about Bitcoin and are wondering what the big deal is? The following videos are a good starting point for understanding how bitcoin works and a little bit about its long term potential:

What are Bitcoins worth and where can I buy them?

Bitcoins are valued at what market price people are willing to pay for them. Here are a couple useful sites 1 and 2 that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just google "1 bitcoin in (your local currency)".
You can buy or sell any amount of bitcoin (from as little as $1 worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank account. Some recommendations include:
US & Europe
Australia
China
All countries
Always do your own personal due diligence on the validity of an exchange and check the URL prior to sending them money or entering login credentials. Phishing sites are not uncommon. Use this checklist if you aren't sure which exchange to choose.

Where can I spend Bitcoins?

A comprehensive list can be found at TheBitcoinPage.com but some of the key ones are below:
Store Product
Microsoft Xbox games, phone apps and software
Spendabit and The Bitcoin Shop Search engines of online retailers accepting bitcoin with millions of results
Overstock Everything under the sun
Gyft Gift cards for thousands of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, etc.
Reddit Gold Premium membership which can be gifted to others
NewEgg, TigerDirect and Dell For all your electronic needs
Expedia, Cheapair and 9flats For when you need to get away
Wordpress, Namecheap, Mullvad and PIA Handy web services
Foodler and Takeaway Takeout delivered to your door!
HumbleBundle and GreenmanGaming For when you need to get your game on
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. UK residents can find a comprehensive directory of shops, pubs, websites and other places in the UK that accept bitcoins at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross and the RNLI. You can find a longer list here.

Merchant Resources

If you operate a business and want to accept bitcoin as a payment method, there are several options available:

Can I mine bitcoin?

Mining bitcoins can be a fun hobby 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 friendly folks at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network, you can run a full node by hosting the blockchain and propagating transactions. Here is a handy setup guide

Securing your bitcoins

With bitcoin you can be your own bank and personally secure your bitcoins or you can use trusted companies such as Coinbase and Circle which have secured wallets where they hold the bitcoins for you and provide insurance. Be sure to only deal with reputable companies, if you have any concerns about a company's trustworthiness just ask or check their consumer reviews and ratings.
If you prefer to have direct control over your coins without having to use a trusted third party you can use personal wallets for desktops / laptops, Android and iOS where you alone hold your private keys. Electrum, Mycelium and Breadwallet are popular, but there are many options.
Find a wallet that works best for you
For increased security use Two Factor Authentication (2FA) everywhere it is offered, including email! (2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access). Google Authenticator and Authy are two great apps for handling 2FA.
Additional security systems such as Mycelium Entropy (for printing multi-signature paper wallets) and the Trezor Hardware Wallet are great ways to easily secure your coins. Or, you can opt to secure your bitcoin using cold storage.
Note: Do not use brainwallets unless you are an expert, they are known to be vulnerable to theft unless set up correctly.

Earning bitcoins

Just like any other form of money, you can earn bitcoins by working for them. Here are a few resources for bitcoin jobs.

Tipping

Bitcoin Units

Note: This is a brief overview to the most commonly used Bitcoin units. For full information check out the Bitcoin Units wiki (work in progress).
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common ones are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (ml) or millimeter (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μl) or micrometre (μm)
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
Still have questions? The friendly folks at /BitcoinBeginners would be happy to help you out. 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 mod approval. The original sticky can still be found here.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BashCo to Bitcoin [link] [comments]

New To Cryptocurrency

Well thats pretty much it. I have really no idea what I am doing. That said, I have dome some research and attempted to get started. I have a few wallets as of now, some or most still waiting verification. I have setup at epay, paxful, cryptopay, binance, coinbase, and blockchain as of yet.
I have an interest in some alt coins vs bitcoin but I assume more research in time will determine where I invest and start my new business. I have a little understanding on mining and the hardware used, I am aware of GDAX and some crytpos now being traded on the stock exchange. I see the trend in an upward direction and the IRS is now taking note, the new tax bill has some provisions regarding crypto trading, etc... So I feel it is really happening and the decentalization of money, fiat... is a good thing and a must needed step we have to take if we wish to continue our process of evolution.
I have some questions though: I cannot use my debit card for coinbase because it determines it as a prepaid debit card. Now one is just that, a prepaid visa, I put a small amount of money on it just to get started. The other debit I have is from the federal government. It is an account I can wire from but I cannot wire to. It is not a prepaid account but coinbase determines it as such. I would like to find a way around this. Even though I see the fees and such with CB I still feel I want to get some expereince in with that interface. Im also aware that you can instead of using CB to buy btc, you can use GDAX.
I like the looks of GDAX... and after getting my account made and verified with CB, I went to GDAX to login. I had to authorize my computer to login, and thus after I was given a notice on the login screen claiming my account was temperarily locked and that I had to seek [email protected]. So I went thru that process and after filing for request I received the confirmation of request and now I am waiting for them to get back to me. I used my android to make the CB account. Used a computer to use GDAX, did receive the successful authorization notice and reloaded page to login but was shutout. I know I can purchase btc from GDAX but not sure if my debit cards will work there, as with the issue with CB?
I have similar isses with the other "vendors" or are they simply "brokers" ie broker and wallet...
The paxful and blockchain wallets are up okay but I cannot figure out how to jsut buy btc at the going value noted on coinmarketcap. It seems like, I have to buy btc from a seller, and there are fees from them, and or a third party software or wallet, or broker... and I then can give my wallet address for the deposit. I get the very basic idea here? I had to send in my id, my pasport, my ss number, dob... lol address... these are crucial idenfying factors... I thought this crypto was meant to be anonmyous? What do I not understand? I have read some guides and watched tons of videos but don't think I am understanding it, now that I have a direct intention, or goal, idea, on how I want to use crypto, and that maybe the issue among other things?
paxful for example. is a p2p trade platform, if my assumptions are correct. There, you can buy with debit, or credit, or a direct bank transfer, etc... even some with gift cards, but the small details kinda concern me. I had to get authorized and validated with paxful... but why then do i need to send a pic of my id, passport, write a note, and have the card in hand all in a selfie... if I had verified with the broker? Am I correct to consider paxful the broker in this case? the seller, the individual, is also charging a going rate on top of the actual value of the btc... so Im getting the feeling like, identity scam, theft, AND you loose money in the transfer... lol from usd to btc. At least having the risk of the theft and scam of my ID is enough to close the window and laugh out loud and think just a second, from an idiots perspective, this is no where near anonmyous, no where near safe... what the hell is this shit? I have to buy at one place, then exchange, then I can trade on a different platform, I need to have a hardware wallet so I dont get hacked... I mean ... this seems like a lot to take in all at once and I wish it didnt seem so risky.
There seems to lack a one stop shop for common deals... I just want to walk up to an atm, put in cash and get a receipt with a number or code I can scan and it be added to my wallet, via hardware or software or online... I plan on using online or software with the very little money I decided to invest with at the moment but will be getting a hardware wallet once I understand better what is going on. Also, seems to be a lot of opinions on youtube etc... about likes and dislikes... and it really hurts prospective noobs who needs only the facts and the details so we can make a better choice starting out. I don't mean to be a critic here and not offer something in response that could help, I just don't yet understand this and I have decided to go in, but I really need a GREAT source of information for research, like videos for specific trades, sources, and means.
I'm already discouraged, I set up several wallets, or what I thought was a broker to buy btc and trade on, but there are tons of limitations or transfers I have to do... and now all these companies have my sensitive information. I understand this is all a learning experience and I am not freaking out, :) I just need a little hand holding maybe for a few issues I have atm and once I get past that, I think all will be nice.
I really like GDAX, and want to buy from there, but can I use debit... prepaid debit, and if not, where then can I just pay with prepaid debit straight to btc, and I am okay with then moving it to a waller like blockchain or binance.
Im constantly looking for help with the basics, but am flooded with opinions on which is best to trade, and everyone saying HOW EASY IT IS TO BUY BTC ... okay, maybe true but there are tons of limits or redtape, or even fees... and with the sensitive info. it all just makes it a lil discouraging. Could use some help please. I would really appreciate it. Thanks.
PS - just to note. The new tax laws... yea wtf... I think now maybe crypto may be such the risk its just not worth my identity and the problems with the irs... I have to report and track all transactions... is this why everyone needs my id cards pictures and selfie with me holding it, or whatnot? seems like a great way to get fucked over... for a few bucks.
Looks like, crypto is dead. no anonimity, I have to pay all these fees, I now have to pay tax on EVERY SINGLE transaction... so its looking like its too late. and If I invest now, its just trouble.
Now maybe a new trype of crypto will come out that will be of a different operation, name and function, so that IRS has to make new law for that, ... so that its not considered a crypto currency, because crypto, imho being the moron here, looks like it was targered and its initiative is lost. they did this to kill it. the US dollar is dominate, though I dont think its really is, and eventually it will fall, by design it is not sustainable. I want out... but IDK how to get in to the new without being a target by the IRS, and or having to play by their rules. we want out and the dollar will collaspe, I feel rather concerned and desperate tbh... its kinda scary. fuck the irs. and fuck you wallstreet. i wouldnt mind if you all made out big but with 9/11 and all that insider trading and the wars and wars, and wars,... the collasping of the housing economy... lol youre not even taking care of your own, how the fuck do you expect to survive much longer? its actually comical, retarded at best. if at least you groomed your front yard, maybe america could be great again.
submitted by RMScrypto to BitcoinBeginners [link] [comments]

Buying on exchanges with a US bank account -- my nightmare so far

So the company I work at recently asked me to set them up as a bitcoin accepting merchant which was very easy of course. There are many easy ways to cash out the coin with sites like Paxful and LBC. Anyways, subsequently my boss asked me to get him 5-10k in BTC so he could day trade a little bit for fun. The ONLY requirement was that I purchase the BTC off an exchange at rate no higher than 5% above market rate, which is proving to be near impossible. It baffles me since I was a Circle customer with high limits before.
Here is a list of all the exchanges I've registered with and the results so far:
Kraken.com - Verified to Tier 1 to Tier 2. Tier 3 verification has been "Processing" for over a week, so I was not able to make any purchases as of yet. It looks like they use SynapsePay which will allow me to avoid any high wire transfer fees. Does anyone have experience with them?
Coinbase.com - Fully verified everything and connected accounts. I figured Coinbase shouldn't be a problem aside from lower limits in the beginning. However, it's also been a week and my buy limits are 0$ even though I'm fully verified. Support is silent. I contacted the reddit support email and still nothing after 1 week even though they said they are looking into the issue. Site just says "Your limits are 0$ please contact [email protected]"
Bitstamp: I was able to get a fully verified business account setup in just 1 day. Their support is extremely good and fast. HOWEVER, the major problem here is the 50$ wire transfer fee that our bank wants for sending to Slovenia. I don't feel comfortable sending 5k+ of company money up front, but if I were to send 500$ initially then the bank fees would be 10% which is not good.
Bitfinex: Their KYC/AML is very extensive, but at least their support is very fast just like Bitstamp. However, I also have the same problem as with Bitstamp which is the costly 50$ international wire transfer. My only option is to buy more coin to bring the purchase cost down to 5% or less.
Bitsane: I was getting desperate so I figured why not just try every exchange I can get my hands on. These guys verified me quickly and allowed me to deposit right away. However it's bank transfer only to Czech Republic which is once again a 50$ fee, and obviously I'm not sending them 5k+ up front either.
Uphold: The verification process took about 2 days. Once I was verified I initiated a 250$ debit card (2-3 bus day) and 500$ bank transfer (5 bus days). However the bank blocked the charge due to fraud concerns since the charge was from London UK. I called the bank to have the charges approved and then tried to do another charge for 250, but of course my account was now suspended. I contacted support and finally got an email saying they want some more bank statements and selfies etc. I have high hopes that they will allow me to buy soon since they have 0% bank transfer fees and only 2.75% card fees.
Celery: Signed up with them as was ID verified extremely fast. Seems like a very good exchange. However they won't let you add a bank account via micro deposits. They only allow bank login verification, and you can NOT do this with a business checking account. They have 10% ACH fees which is absurd and I have not been able to confirm the cost of wire transfer fees aside from that they charge 5%. Assuming support will help me link the bank, they might be the best option considering their bank is not in Europe/China.
CEX: Very important PSA! Right after submitting verification documents, this company tried to use my personal information to establish a line of credit! These guys are either completely compromised or they are straight up fraudsters! BEWARE!!!!!!!
So there you have it, I spent 1 whole week trying to buy 500$ off any exchange with 5% fees or less and failed. Of course you guys are going to tell me to buy off LBC or Paxful, but I am trying to do this all without leaving the office, plus I haven't found any sellers locally who will do 1000$ cash at 5%. I have not signed up on Gemini and was wondering if anyone has recommendations or experiences with other exchanges that I didn't mention.
submitted by throwmeawayzzzzz to Bitcoin [link] [comments]

Latest News About Crypto World

  1. Russia’s Largest Banks Are Implementing Bitcoin And Crypto Portfolios
  2. Basic Attention Token [BAT], OmiseGO [OMG], MKR, Request Network [REQ], 0x [ZRX] could all soon be integrated with Coinbase, due to the San Francisco based exchange’s acquisition of decentralized exchange Paradex.
  3. Ripple's website added SBI Virtual Currencies, Japanese crypto exchange, to their XRP Buying Guide. Satoshi Citadel Industries (SCI), the Philippines-based FinTech startup which builds Blockchain services and products for financial inclusion, has also been listed on the Ripple website as a ‘coming soon’ source of XRP.
  4. The Italian authorities seized bitcoin from BitGrail wallet following a court order by Tribunal of Florence, however didn’t mention the entire worth of funds seized. The seizure follows a petition that was filed with the court’s by victims of the BitGrail hack.
  5. Binance has completed the distribution of EON. You can login and check that the EON has been credited to your account. The distribution of EON was calculated at a rate of 1 EOS:1 EON and was based on a snapshot of EOS balances at 01/06/2018 4:00 AM (UTC). EON withdrawals are now open.
  6. EOS bugs: users felt an almost five-hour downtime because the blockchain paused at June 16, which immediately triggered a knee-jerk response from all active EOS Block Producers. The block producers along with ‘standby nodes’ quickly jumped into a conference and after almost an hour of discussion, decided that it would be best for all standby nodes to temporarily disable their nodes. Currently the Mainnet is live again. But it is not very good start for the project. As for now, therewere only problems with mainneet.
  7. MoneyGram has partnered with GCash to launch instant remittances into Philippines.
  8. Binance community coin vote has just concluded. Pundi X is at number 1 place.
9. BitMEX XBT/USD futures has liquidated a short position of 10,000,000 contracts ($10,000,000) at 6591.5. Margin lost: $100,[email protected]; $200,[email protected] -- Mon Jun 18 16:28:09 +0000 2018
submitted by hunnykaushal3 to CryptoCurrency [link] [comments]

General info and list of exchanges for Decentralized Accessible Content Chain

Decentralized Accessible Content Chain 한국어HomeNewsTechnologyDAPP'sTeamAdvisorsPartnersCommunity The Future Of Digital Content Is Here. DACC is the world’s first content-based blockchain that features identity and access management (IAM) at the infrastructure level. Join Telegram Community Join Token Sale Whitepaper Rating of DACC DACC In The News The #1 blockchain startup to watch in Q2 2018David Wither, Influencive (March 2018) “With a community this massive and a heavily experienced team,I am most excited to see this project go to market in Q2.”“DACC provide[s] platforms … for those that are interested in the global, decentralized incentivizations for doing things they love”“DACC could help small media companies and creators better and more efficiently distribute and profit from their content.”“DACC Blockchain Is Bigger Than the Beatles And Better For Music Streaming”“DACC Blockchain Will Bring You Closer to the Music Artists You Love”“Meet DACC: The Blockchain Solution That Could Solve Music Piracy” DACC Will Revolutionize The Digital Content Industry. Centralized content platforms like Facebook and Youtube have failed us. IP Piracy Personal Data Theft Monopolization of Monetization
The First IAM Based Distributed File System. DACC users will have full control and protections with respect to: Content Creation Copyright information is time-stamped into DACC blockchain. Algorithms are used to detect copyright theft. Content Access IAM permission maps let users decide who gets to access and monetize their data/content/IP. Content Storage Decentralized storage with partitions and permission maps to prevent piracy and data theft.
Block Structure Designed With IAM.
Permissions As A Transaction Access to creative IP and personal social data is treated as a transaction. Immutably stored and monetized by rightful owners. Merkle Roots Allows for faster transaction verification and scalability. Smart(er) Contracts Full flexibility to define rules for token exchanges in relation to any permission transaction. Use DACC To Develop Any Content-Based Platform. All content platforms need strong IAM. DACC is the ideal blockchain technology for developing content-based DAPP’s. Standard Libraries Further define IAM services and transactions for your DAPP. DACC Wallet Full stack solutions for token payments, transfers, and storage. DACC Chain Services Modular design to integrate with third party platforms, API’s, and Layer 2 protocols.
DACC x Vinci Smart Headphones Audio Content DAPP
DACC will partner with Vinci Smart Headphones to develop the first DAPP on DACC - a decentralized audio content platform. Proof of Recommendations DAPP token economy consensus algorithm built using DACC developer tools. Get Paid To Create & Curate Creators earn rewards for positive ratings on high quality content. Consumers earn rewards for providing ratings and reviews. Copyright Protections All content ownership information time-stamped immutably into the DACC blockchain. Team Members Vincent Nguyen Team LeaderBS Eng(Columbia),MBA(MIT)10 yrs finance,AI/loT industries Vincent Nguyen Team Leader Harold Li Technical LeaderBS Comp Sci(BUPT), MS IT(CMU), MS Applied Math(Peking Uni) Tech lead at Meituan, Vinci, Flipboard Harold Li Technical Leader Jim Ai Audio Tech LeadPhD Physics(MIT) Prev.at BBN,SRI intl,Apple 12 yrs of audio,sound systems experience Jim Ai Audio Tech Lead Jun Zhang AI Tech LeadHarvard Research Fellow,PhD Math(Rice) Microsoft Principal Machine Leaming Researcher 10 yrs deep learning experience Jun Zhang AI Tech Lead Gina Hughes Media and PR LeadBS(Maryland) Prev.Head of PR at Monster Headphones Founder of TechieDiva.com Gina Hughes Media and PR Lead Cathy Cao Media and PR LeadBS MIT 3 years of AI company experience Cathy Cao Media and PR Lead Advisors Jeffrey Wernick Entrepreneur, Private Investor.40 years of investment experience including Uber and Airbnb In addition to DACC, also on QTUM advisory board Began career trading options/ futures while at the University of Chicago. Later worked at Salomon Brothers As investor, his focus expanded to the sharing economy, biomedical, and blockchain technologies Advisor Jeffrey Wernick Entrepreneur, Private Investor. Walter Komarek Co-founder INK, Angel Investor, President and Managing Partner at ForbesfoneBeing a respected figure in the European telecom market, Walter Komarek is CEO at Angel Investment and a President and Managing Partner at Forbesfone (the largest Maltese telecom company). Walter Komarek is engaged in telecom, new technologies and blockchain startups. Having graduated from the University of Salzburg, Walter Komarek has proficient expertise in business strategy and business development. Advisor Walter Komarek Co-founder INK, Angel Investor, President and Managing Partner at Forbesfone Andy Tian CEO and Co-FounderCo-Founded AIG, whose flagship product Uplive is the highest monetizing mobile live video platform across APAC and Middle East Previously GM of Zynga China and also led Google’s mobile business in China Head of the Gifto project and successfully launched the Gifto ICO Investor Andy Tian CEO and Co-Founder Philippe Bouaziz Founder of Prodware GroupPhilippe is known as one of the leading tech personas in Europe and Israel, sitting on numerous advisory boards for engineering and business schools Founded Prodware Group in 1989. Global IT solutions company (EPA: ALPRO) which has served 17,500 customers in 75 countries Advisor Philippe Bouaziz Founder of Prodware Group Jared Polite Head of Marketing at Crypto Media GroupAs an Investor in full service ICO campaigns. He has been involved with over 40 projects to date These Projects has raised north of $300MUSD Advisor Jared Polite Head of Marketing at Crypto Media Group Zhao Dong General Partner & Co-Founder of DCM ChinaOne of the top VC investors in Asia, and has raised over $30 billion of financing for tech and telecom companies Sourced and led DCM’s investment in VanceInfo (NYSE: VIT), BitAuto (NYSE: BITA), and Dangdang (NYSE: DANG), and remains as a board member Former Vice President at Goldman Sachs covering Tech, Media and Telecom Investor Zhao Dong General Partner & Co-Founder of DCM China Oliver Li Partner of Draper Dragon FundOver 10 years of VC experience with companies such as Sino-Century, Withub VC, and South River Capital Placed successful investments in software, semiconductor, gaming sectors, such as Jiaoda Withub (HK 8205), Hyron Software (Shenzhen 002195), Actions Semiconductor (Nasdaq ACTS), and Wind (financial data service company) Advisor Oliver Li Partner of Draper Dragon Fund Luca Nichetto Founder and CEO of Nichetto StudioWorld renown art and industrial designer who has won international prizes, including the Gran Design Award, the Good Design Award, the IF Product Design Award, and the Elle Designer of the Year Award Art director for numerous design brands, exhibitions and competitions in Europe, the US, and Japan Advisor Luca Nichetto Founder and CEO of Nichetto Studio Matthew Cheng Founder and Managing PartnerVC expert and founder of Cherubic Ventures, whose portfolio includes Coinbase, Flexport, Virgin Hyperloop One, Wish, Ring, TianGe Interactive, LiuliShuo, and Pinkoi Founding member at Tian Ge Interactive (1980:HK), China's largest live social video platform Selected to China's "Top 40 under 40" list from 2013-2016 by Cyzone Anchor Investor Matthew Cheng Founder and Managing Partner Justin Sun Founder of TRONFounded and successfully launched the TRON (TRX) platform and ICO Founder and CEO of PEIWO, an app aspiring to become China's Snapchat and has recorded more than 4 billion chats to date Was named a Davos Global Shaper in 2014 and was also formerly the representative of Ripple in China Investor Justin Sun Founder of TRON Omer Ozden Legal Counsel at ZhenFund and DFundInternational securities lawyer with 20 years experience VCPE, IPO's M&A, fund formation, and securities regulation Has worked with NetEase, Alibaba, Baidu, New Oriental, Suntech, E-Long and their investors, including SoftBank, Goldman Sachs, DragonTech, Warburg Pincus and Merrill Lynch Previously a Partner at Baker & McKenzie LLP and led the China securities transactional team on PE financings, IPOs and securities compliance Advisor Omer Ozden Legal Counsel at ZhenFund and DFund Yu Hong Former of 3am commuity&Kfund &QYGAME Investor Yu Hong Former of 3am commuity&Kfund &QYGAME SKY Cofounder of 3am Block Community & Foundation PartnerSerial Entrepreneur in the Social Media and Social Networks space Pioneer in the China mobile messaging space and founder of companies such as Tongxue.com Founder of Vinci Smart Headphones, world’s first standalone headphones with built-in AI Founding Partner of Roark Fund which has invested in over 20 blockchain projects Advisor SKY Cofounder of 3am Block Community & Foundation Partner Jia Tian Chief ScientistAI industry veteran and former Senior Developer at Baidu and Alibaba Currently serves as the Chief Scientist at BitFund.PE, a bitcoin fund which was founded by Xiaolai Li and has been dedicated to supporting the bitcoin community since 2013 Mr. Tian is also an advisor to multiple blockchain tech startups such as IOST, DATA, Hydro, and more Advisor Jia Tian Chief Scientist Haobo Ma AELF CEO & FounderCEO & Founder of AELF, a decentralized cloud computing blockchain network. AELF currently has a market cap of over USD 250M CEO & Founder of Hoopox which develops blockchain as a service solutions CTO & Co-Founder of GemPay, China's first Bitcoin payment company Member of Blockchain Expert Committee of China Electronic Association, and a member of Blockchain Professional Committee of China Computer Society Investor Haobo Ma AELF CEO & Founder Roy Li Ruff CEO /Ruff Chain Investor Roy Li Ruff CEO /Ruff Chain Li Quan D- fund Partnerfocuses on investment in the digital currency sector and provides end-to-end investment banking services for the project. Major investment projects: TNB, QASH, aelf, Cybermiles, LLT, MobileCoin, Beechat, etc. Investor & Advisor Li Quan D- fund Partner Kelvin Hsu Founder of BlockVC Advisor Kelvin Hsu Founder of BlockVC Huang He Co-Founder and CEO of MailTimeSerial entrepreneur and founder of 2 mobile communication companies - TalkBox and MailTime, which recently came out of Y Combinator (W16) Creator of the top podcaster in China with over 2 million views daily Co-founded and launched successful ICO for MDT (Measurable Data Token) Advisor Huang He Co-Founder and CEO of MailTime Ge Wenxing Dfund Partner Investor & Advisor Ge Wenxing Dfund Partner Grace Fan Brink Asset CEOGraduated from the department of Business Management, University of British Columbia BD Director of RuffChain Internet serial entrepreneur with years of experience of sales and marketing IoT enthusiast, in charge of several IoT operations projects Advisor Grace Fan Brink Asset CEO Ray Wu Managing Partner at Skychee VenturesFormer and partner at Cybernaut Capital Management Former Managing Director of HP’s new business ventures. Veteran at Cisco Systems, and held several senior positions leading investment, M&A, and internal incubation Dual M.B.A. degree from Berkeley and Columbia Investor Ray Wu Managing Partner at Skychee Ventures Kathy Chen Former CEO of Twitter Greater ChinaCurrently works as Area Vice President at IT and cloud company Citrix Previously General Manager of the SMS&P Greater China Team and General Manager of Cloud and Enterprise Product Group at Microsoft Previously General Manager of Eastern China Region at Cisco Advisor Kathy Chen Former CEO of Twitter Greater China Dou Wang Founder of JIC capitalBlockchain Robot inventor. Global Community operations expert. Invested more than 100 blockchain projects all over the world with high Returns. Investor Dou Wang Founder of JIC capital Jianguo-Wei Former CEO of Twitter Greater China Advisor Jianguo-Wei Former CEO of Twitter Greater China Partners
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submitted by icoinformation to DACChain [link] [comments]

Coinbase is what Silicon Valley Bank should have been

TL;DR - this is a bit of a rant from my poor experiences with Silicon Valley startups' favorite bank, and some praise for Coinbase and a hope they end up becoming the bank all SV startups use in the near future (assuming they want that).
I have contracted and worked for a few bay area startups, and they all use a bank called Silicon Valley Bank. That name probably conjures up an image of a super hi-tech bank running on all the latest technology... unfortunately that is the exact opposite of reality.
At one point this bank was holding up a payment owed me. When talking with my bank, they confirmed that Silicon Valley Bank (SVB) wasn't releasing the funds. They called to see what could be done, and my bank was told to FAX some documents to them, and only between their hours of operation which was 10AM to 3PM. They also close for lunch. You should have seen the look on the face of my account rep at Chase.
Another incident involved setting up autopay on a corp credit card. There is no way to actually do that through their site (and they have 4 or so different options for signing in, which lead to different sites that do different things... so user friendly). After my company asked them about it, our rep said they would get it set up, and reported back later that it was done. When the next bill wasn't paid, it turned out that the credit card number entered for autopay had a typo and they had to fix it. That's right, they don't have an automated way of turning on autopay, they apparently have someone TYPING IN INFORMATION to do it... cause there is no other explanation for a typo and not having a way for us to just turn it on through our account login (like every other bank in existence).
So now you're wondering, "why the hell are SVB used by all these bay area startups!?" After asking around, I got some answers. It turns out that instead of putting their money and resources into solid tech, they pour it into a behemoth of a marketing force. If you are a startup in the bay area, SVB will send sales people to your office over and over again, even after you are using them (apparently they can't track who has finally signed up with them). They get this info in part from the VCs, whom they have cleverly cultivated close connections with. Good on SVB for their marketing strategy, but apparently they have never bothered to follow that up with actually delivering on something worthy of a name like "Silicon Valley Bank".
Coinbase, on the other hand, has support available essentially 24/7 over chat and email, monitors reddit for issues, has a crypto exchange and deals directly with the purchase and transfer of bitcoin and ether, and uses modern scalable backend infrastructure on AWS including lambda and container based microservices. While SVB has an app, it has been downloaded less than 10k times on Android and has a poor rating and vicious reviews, while the Coinbase app has over 500k downloads and a great rating and reviews. Even though Coinbase is focused on bitcoin and ether, you can hold USD with them and even get a debit card through them.
As far as I am concerned, Coinbase should be the bank the Silicon Valley startups use, not SVB. Coinbase is actually a hi-tech bank, worthy of a Silicon Valley title, while SVB should be considered a bit of an embarrassment. I honestly don't know if Coinbase is setup for doing business banking, but I encourage any new bay area startups to go bug Coinbase about being your bank, and to ignore SVB and their army of sales people they will send your way.
End rant.
I realize this is only tangentially related to Ethereum (since Coinbase supports ether and is exploring smart contracts), but I didn't feel like posting it anywhere else
EDIT: minor edits for typos and grammar, was written in a hurry
submitted by arcturnus to ethereum [link] [comments]

Problems with Circle.com

I read that Circle.com is a reputable company, but my experience seems to conflict with that premise. I opened my Circle account after reading on their blog that they were offering a $10 promotion for new customers, as well as their promise of "no fee" BTC purchases. When I made my first USD deposit, I was surprised that it was immediately converted into BTC; I wrongly expected it to work like Coinbase. Then I was disappointed to discover that the exchange rate they used was several dollars higher than the prevailing market price.
The method I used to make my deposit was a Bank of America debit card. The Circle website said that they would not impose any fee and so did Bank of America. When a $2.90 fee (on a $100 deposit) appeared on my bank statement, Bank of America confirmed that the fee was imposed by Circle.
After waiting a few days for my free $10 promotion to appear, I contacted Circle support and was told they stopped honoring that promotion. I was further told that because the terms and conditions of the offer state "This promotion is valid for a limited time...." I should not be surprised that the promotion they are advertising on their blog had already ended.
I next tried transferring a small amount of BTC from a different wallet to my Circle account. I did not yet understand bitcoin network transaction fees and was surprised that the amount of BTC credited to my account was about 4.7% less than I had sent. When I inquired about this to Circle support, they explained that I received less BTC than I sent because of fluctuation in the USD/BTC exchange rate. Needless to say, this explanation did not advance my understanding of network transaction fees! After figuring it out on my own, I transferred larger amounts of BTC to my Circle account for storage (since I still did not have strong confidence in my own ability to securely keep a wallet).
A short time later, the Authy Chrome app that I was using for 2FA with my Circle account (because I do not have a cell phone) began producing incorrect codes. I was still able to login because I also had the Authy app on a tablet (though the app very frequently froze and crashed my tablet). After exchanging a few emails with Authy Engineering Support (in which I made clear that Authy was my only means of accessing my Circle account), they sent me a series of instructions to follow which included deleting the Circle account from my tablet and reinstalling their Chrome app. The next step was to scan the Circle app QR code, but I could not find a QR code for Circle's app in the GooglePlay website nor anywhere on the Circle website. After exchanging a few more emails with Authy engineering, they eventually admitted that they forget to tell me to disable 2FA in my Circle account before deleting the account from my Authy app and that I was screwed. They didn't actually use the words "you're screwed"; they just said that only Circle support can help me now.
My first emailed plea for help was sent to Circle support on 3/13/2015. I have yet to receive any response from them and am still unable to access my account. Is my experience typical of the service that Circle provides to customers?
UPDATE: Circle responded to my emails today. They gave me a phone number to call within a 5 hour time period. Though the hours are difficult for me, I may be able to call them tomorrow.
submitted by PGerbil to Bitcoin [link] [comments]

I'm giving out some Bitcoin paper wallets as Christmas gifts this year. This is the letter I'm enclosing. You can use it yourself if you like. How can I make it better?

I thought it would be cool to give out some Bitcoins for Christmas this year. I used the bitaddress.org paper wallet generator which now includes nice graphics that make it look more like money. I printed them out, loaded some BTC on each, wrote in the amount, and laminated each one.
Bitcoins!
Here's the letter I'm enclosing with each gift to explain what it is. I wanted a personal way of explaining what Bitcoin is, how it's useful, and how they could actually use the coins stored on the card. I'd appreciate any comments you have on how to improve it. If you'd like to use or adapt this for your own purposes, please do. Here's the google docs formatted letter better suited for printing and basing your own letter off of, but here's the text for the lazy:
December 11th 2012 This gift to you is meant to show you something that I think is interesting and worthwhile. It’s something that I have been devoting a lot of time to recently, and I wanted to share it with you. Inside this envelope is a card that holds Bitcoins. Bitcoins are a type of money that can be freely sent over the internet to anyone in the world, in any amount big or small, without any middleman (peer-to-peer). Unlike US Dollars, whose value is diminished by the government printing more dollars every day, Bitcoins are created at a predictable and known rate by individuals all over the world. It is impossible to make a counterfeit Bitcoin and there will only be a finite number ever created. No one person controls Bitcoin and therefore no one can control what you do with Bitcoin. All of these qualities add up to make Bitcoin a solid platform for both saving and spending money. Bitcoin is new, and like any investment, it comes with its own risks. A year ago, one Bitcoin was worth about $4. The value of one Bitcoin today is worth $13.63 with the total market capitalization of all Bitcoins just over $140 million. But Bitcoin is still in its infancy, and as more and more people hear about it and acquire Bitcoin, the value of it will likely rise. You can see the realtime value of your Bitcoins at http://mtgoxlive.com - the number in the top right is the current value in US Dollars, that is the price that people are actively buying Bitcoins for right now on an exchange market. What can you do with Bitcoins? * You can send them to people. * You can setup an online ‘wallet’ at http://blockchain.info/wallet and send them to anyone in the world for free. To use the Bitcoins on the card, login to your new account and click on Import/Export. If you have a webcam, click Import Using Paper Wallet and hold the QR code on the right hand side of the card to the camera (the code that says Spend) If you don’t have a webcam, enter the long Private Key text into the Import Private Key text box instead. You can then go to the Send Money tab to send someone your Bitcoins. * You can buy things. * http://bitmit.net - is like Ebay, but you use Bitcoins instead of Paypal. * http://www.bitcoinstore.com - sells a lot of electronics. * https://www.btcbuy.info - sells gift cards, so you can use Bitcoins to make Amazon.com purchases, albeit indirectly. * http://goo.gl/QsWbA - Sometime soon there will be a Bitcoin debit card, so you can buy anything with Bitcoins. * You can hold onto them as an investment. * Just put this card away somewhere safe, and in a few years time you may be surprised at the value that your Bitcoins accrue. * You can convert them back to US Dollars at anytime. http://coinbase.com and http://mtgox.com are two popular sites that allow you to buy and sell Bitcoins and withdraw or deposit US dollars back into your bank account. If you’d like to know even more, you can go to http://weusecoins.com or http://bitcoin.it and read some more. Merry Christmas, Ryan McGuire 
submitted by EnigmaCurry to Bitcoin [link] [comments]

My first time buyer experience at Coinbase.

TL;DR My experience with Coinbase has been less than perfect, and not without a number of struggles. IMO they're still a solid exchange, so don't be discouraged, and don't be afraid to contact support -- just be prepared for a less than prompt experience.
 
I've been following the whole development of bitcoin for about 2 years now and until recently I hadn't owned any of significance. I wanted to get a better grasp on the concept of cryptocurrency and avoid the volatility of its early days before I put any sizable amount of investment into an experimental currency. I've gotten comfortable with the risks and at the beginning of this month I decided I would submit a buy order at an exchange.
 
Setting up my Account
 
After settling on Coinbase as the exchange I set up my account, jumped through a few verification hoops, enabled Two-Factor Authentication, and installed their account management application on my mobile device (Nexus 5). Initially, the application was having some weird behavior - it would bounce from app to web browser causing me to have to submit two separate TFA verification codes. After submitting the two verification codes, it would then kick me back out to the login screen and the process started over. I marked this off as a poorly developed/tested mobile app and moved on to doing all of my business from their web page on a PC (from both my office and home). I then moved on to verifying bank account using the deposit method. I waited two weeks and the small deposits never showed up in my checking account. I cancelled the deposit verification and decided to do the account login verification method, which made me a little nervous but I decided I'd just plan on keeping a close eye on my account activity and have my bank's fraud department number handy. This method worked almost instantly, and I had my checking account linked and ready to make a buy order. Doing so meant Coinbase would grant me a $1USD deposit as BTC into my Wallet. Wanting to see how fast transfers occur on the blockchain I immediately transferred it out to my Bitcoin Core wallet. After submitting, it showed up as pending verification on my Bitcoin Core wallet before I could even alt+tab to the other window. Wow.
 
First Purchase Attempt
 
I followed up my bank verification with a Buy order for .31524911 BTC the next day for $108.37 ($343.76USD/BTC), received a confirmation email that the purchase was pending.
This email is to confirm that you initiated a purchase of 0.31524911 BTC for $108.37 on Nov 6, 2014 at 06:03 am
Your bitcoin will arrive by the end of day on Thursday Nov 13, 2014.
Hooray! Cue the religious watching of my bank account for the draft. I install a Bitcoin Ticker Widget. This is exciting!
The following day (Nov. 7) I received an email notification:
After an assessment of your account activity, your recent purchase with Coinbase was cancelled. You will receive a full refund to your bank account within 3-4 business days.
Our system is designed with safety and security as the highest priorities. Because of this, sometimes not all orders are executed normally. We must exercise caution in order to protect our customers, the bitcoin community, and our company.
If you believe this cancellation is an error, please reply to this email with as much information as possible and we will be happy to manually review your account.
I immediately reply with a quick summary of my account access history, "I logged into the mobile app and I've logged into the web from my office and home". I provided all of the IP addresses so they could verify I knew my account history if logs were detailed. I also updated the initial ticket with the fact that I was unable to verify my bank using the deposit method. The ticket was updated by "Joseph"
I’m going to pass this along to my supervisors to make sure it’s resolved correctly. They’ll get back to you as quickly as they can. I’m sorry for the trouble!
One day later (Nov. 8) I receive an email that my bank account is successfully linked. Well, that's interesting -- I thought this was already done when I received the notification on my account management page. I log in to my bank account to make sure everything is still as it should be, with my fraud department number ready to dial if something doesn't look right. All's well. Okay, maybe this was just a step that got missed when my initial bank verification steps were "completed" but didn't actually get enabled on their end and therefore triggered the cancellation.
 
Second Purchase Attempt
 
With no ticket update from the Coinbase team, I assumed the latest message meant the issue preventing purchase was resolved and initiated my second purchase the next day. Confirmation email arrives for my second purchase arrives.
This email is to confirm that you initiated a purchase of 0.38220527 BTC for $137.99 on Nov 9, 2014 at 10:17 am
The exchange rate has climbed to $361.04USD/BTC. Oh well, I've missed out on a decent (5%) growth over 3 days (!!!) waiting on issues to be resolved. Nothing to get terribly upset about, such is life in the investment world. This purchase is underway and I can sit tight. I get an email the next day (Nov. 10) from "Alex". A reply from the previous purchase's cancellation ticket.
I’m very sorry for the trouble!
Sometimes a bank transfer can be canceled if your account hasn’t been identified as a trusted payment source. Coinbase is frequently targeted by malicious users who attempt purchase fraud, so we use several counteractive measures to prevent this.
However, at this point I’ve completed a manual review and removed any holds on your account – your transactions should no longer be flagged as high risk or cancelled on our end.
Again, I apologize for any inconvenience this has caused. Please let me know if you need further assistance and I’ll be glad to help.
This is excellent! I've got a purchase underway and all holds are out of the way
 
The next day (Nov. 11), I receive a familiar email:
After an assessment of your account activity, your recent purchase with Coinbase was cancelled. You will receive a full refund to your bank account within 3-4 business days.
 
DAFUQ? I guess the "removed any holds on your account" doesn't mean what I think it means. The exchange rate has climbed to ~$420USD/BTC.
 
I immediately reply with "I thought this was fixed...". The support ticket is opened (their Auto-reply arrives from the support portal) on this cancellation. 7 minutes later I receive an update from one of their support personnel. It's important to note that I respond the exact same way as the last ticket I opened.
Could you please respond or email us at [email protected] from the email address associated with your Coinbase account so that we may assist you in this matter?
 
I effectively replied with "Interesting, I didn't have this challenge with my last ticket" and begin setting up my email client to allow me to "send as" an alias I use for account management on various sites (a security measure I use to minimize the damage from a compromised service). I finish my tests to be sure the "send as" address is working, and I'm a bit perturbed since I've now missed out on a 22% climb, so I just go to bed deciding to deal with it the next day. The next morning, another reply comes in from a familiar name.
Joseph replied:
I’m going to pass this along to my supervisors to make sure it’s resolved correctly. They’ll get back to you as quickly as they can. I’m sorry for the trouble!
I'm a bit irritated that it took 9 hours to come back with a canned response. I elect to let the dust settle on the ticket and mentally prepare to close my account and try again somewhere else.
 
On Nov. 14th I receive an update on my ticket.
Hi n00tz, I am very sorry for this inconvenience.
It appears that this transaction had already been cancelled before your risk profile had been restored, although just barely. I am sincerely sorry for this inconvenience. I have double checked your account and can confirm that future purchases should complete without issue, but if I can help with anything else, please let me know. Thank you.
 
Grr. So apparently when I assumed that my bank linkage email was an affirmation of purchase readiness, I was staying true to the old adage. Upon suggestion from chinawat, I reply asking if they will honor the original purchase price, and they oblige - but my request to restart the purchase must originate from the email my account was registered. I adhere to that, and as of November 21 I am the proud owner of 0.38505333 BTC.
 
Lesson(s) Learned
 
OR
Their support will eventually resolve the case to your satisfaction, and will honor purchase prices if the transaction was cancelled in error.
All said, I will continue to use them. Hopefully my next buy orders will be much more successful.
submitted by n00tz to BitcoinBeginners [link] [comments]

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Live prices and charts for coins traded on Coinbase exchange. Price change, high, low, volume on multiple timeframes: 1 hour, 24 hours, 7 days and 30 days. Coinbase is a secure platform that makes it easy to buy, sell, and store cryptocurrency like Bitcoin, Ethereum, and more. Based in the USA, Coinbase is available in over 30 countries worldwide. To calculate the exchange rate for a given cryptocurrency in US Dollars (USD) and Euros (EUR), we use the Bids (open orders to buy) directly from our approved exchanges. We factor market volatility into our exchange rates to offer a rate that BitPay will honor for up to 15 minutes, allowing a shopper ample time to complete the payment. Rocket To Coinbase, Rocket To Bitcoin, bKash To Coinbase, bKash To Bitcoin, bKash To Blockchain, bKash To BTC, Buy Bitcoin Bangladesh, How To Buy Bitcoin Banglades, Exchange Site Bangladesh, Bitcoin To Nagad, Litecoin To bKash, bkash to bitcoin cash . Admin: Online; Toggle navigation---Service . Office Time:-8 : 00 AM - 11 : 00 PM Our order completed time max 5 minutes to 30 minutes. Notice ... Buy sell dollar, Convert your coinbase to bkash, bitcoin to bkash ethereum to bkash, litecoin to bkash, dogecoin to bkash, bkash to coinbase, bkash to bitcoin, bkash to bitcoin cash, bkash to ethereum, bkash to litecoin, bkash to dogecoind Online Dollar B

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