Category: Cryptocurrency

INVESTING IN RIPPLE FEATURES

Posted on by Arron Kenway

Investing can be risky but everyone wants to invest in something at some point of time. It can also be that you will end up making quite a bit of profit. In today’s world there are quite a bit of things you can invest in. And one such investing platform comes in the name of crypto currencies.

Ripple is a crypto currency company which develops digital money which are crypto currencies. It is very similar to Bitcoin but has a better transaction performance than Bitcoin. In terms of crypto currencies at world level ripple stands at third position. To create profit from the platform ripple was created by a private company. After all the pros and cons is it a wise thing to invest in nipples for future investments?

The crypto currency market has its ups and downs over the years. In 2019 the crypto currency market experienced a devastating crash and the price dropped down drastically. However even after the dip the currency still alive. However investing is not the actual aim of the crypto currency. It is meant to be used as a normal currency for payments. In terms of value the coins are slowly climbing up the ladder and this is probably the best time to invest in ripple if you want. With its high potential it is possible that crypto currencies will replace your normal traditional currencies in the near future. How to buy ripple currencies? It is simple you just have to buy it. Also buying is the simplest way you can invest in ripple currency. You can buy your share and hope that the value will shoot up in the near future. All you have to do is wait as it is a long term investment. Unlike your traditional currencies crypto currencies are not given by banks for the government. However it is risky to invest in ripple as you don’t know when the price will go up or even if it will in the near future. When it comes to ripple it is a bit more complicated to invest in than the most popular crypto currencies.

You have to remember that ripple cannot be purchased with fiat currency is like USD or u EUR. You have to buy a specific amount of crypto currencies like Bitcoin and with the Bitcoin you will buy the ripple if you want. Even though it can be a bit tricky than other purchases it is not mind bending. As for where you can buy ripple bitsane.com is considered by many as the best website where you can buy ripple. This Europe based trading platform is perhaps the most fast and secure in terms of transactions. The other not so popular way to invest is if you are going to start up any project or business. New scenes are emerging for startups with the help of crypto currencies. New and creative ideas are emerging on these platforms and individuals are showing more interest in the crypto world. It is a great way for starters to increase their potential revenue. Currently there are hundred billion XRP in the market which is also growing by the minute. This means that the value is also increasing. It is not like anyone can simply mine ripple. Crypto start ups are very idea driven. 

However, before investing you should remember that crypto currency market is a very volatile one. And variable is not an exceptional case. There is very little the creators can do to influence or distribute the coins prices. Therefore before you think about investing in ripple it is better to do your research properly and make a move. It is also advised to look for expert opinion, analysis and statistical trends. It is best to never invest more than what you are willing to lose.

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HOW CRYPTO CURRENCY IS HELPING HACKERS AND DARK WEBSITE OWNERS

Posted on by Arron Kenway

Crypto currencies are widely used by hackers and the darker side of the web to make illegal and unfair affairs. It is being done for a pretty long period of time. However, it cannot be stopped; it can at least be restricted to some extent. 

The dark web first came into play in 1970s. It was actually a term to denote private networks which had a high level of privacy. But it has come a long way from being the innocuous system it used to be. Gradually it has become the ultimate hub for the communication and planning of criminal activities. To facilitate their trade the crypto currencies, most especially- Bitcoin, became the currency of choice.

Trendon Shavers conceded that he ran 150 million dollars Ponzi scheme. This came shortly after Tomáš Jiříkovský was caught in Czech Republic after he tried to steal thousands of Bitcoins for a darket market. There are many cases where individuals or groups have embezzled a sum of money from a crypto currency exchange. 

There are a number of reasons why the darkweb is using the crypto currency as their weapon of choice. Crypto currencies use blockchain technology as their foundation. This is a decentralized way of making transactions or payments.  It becomes extremely beneficial to activities on the dark web when you can execute transactions without leaving a trace. The crypto currencies generate a special address with every transaction. Even though the address is traceable, it cannot be completely traced back to the original owner. Now this is a dream come true for the dark web. Through the blockchain technology, the transactions are made in a really secure manner. The black market dealer is getting a reliable and secure means to get their transactions done which otherwise would not be allowed on other payment platforms like PayPal. They are getting intrusion from the government through crypto currency. It is estimated that at least 47% of transactions involving Bitcoin are done on the dark web. The criminals are getting a wider range of autonomy compared to the traditional ways of transactions. In fact, tech-savvy individuals can make huge transactions on the network. There are relatively low cost of transaction and the process is also very speedy. The hackers are doing their business by making the victim click on a link which will direct them to their scams. They can easily make transactions and it cannot be traced back to them. The government can keep tracks through the traditional ways of transactions. But with this form, they will surely face a number of difficulties to track or restrict such activities. 

The term crypto jacking means that the unauthorized use of someone else’s computer to mine crypto currency. Just with a simple click on some malicious link, hackers can trap their victim in this scam and inflict their computer. The practice is rampant as it doesn’t even require any special technical skills. It is a simple method for hackers to make more money with lesser risks. Crypto mining continuously generates money rather than the ransom worthy sum they used to get earlier. Crypto mining code might include multiple versions to account for different architectures on the network to increase their ability to spread across a network. 

Since 2017, the value of crypto currency shoots up and then it plunges down. But people are using it as investments in case the value skyrockets anytime soon. If it does, it can be so that the black web is going to come up with new methods to inflict their illegal activities. 

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BEST BITCOIN EXCHANGES

Posted on by Arron Kenway

Every buyer has their own needs when it comes to trading comforts. People all around the globe has started growing crazy about bitcoin exchanges. Most of the exchanges accept wire transfers and can be accessed all over the world. Bitcoin exchanges have grabbed a very intangible spot in the financial ecosystem. 

Here are some of the most popular cryptocurrency exchanges. 

 

Bithoven

Bithoven is one of the fresh entry in this industry. In spite of being a newbie in the cryptosphere, its features and algorithms have impressed the audience significantly. The user interface is perfectly suited for beginners as well as professionals. It has basic as well as advanced statistical tools. It offers analysis and candlestick charts which could be followed by beginners. 

 

Bithoven supports over 350 altcoins. There are absolutely no purchasing and selling limits. It has one of the best customer services and live chat support. Bithoven is backed by one of the most renowned and trusted experts who are also users. The industry is expecting it to grow while Bithoven is ready to release new features. 

 

Coinbase

Coinbase is one of the largest and a very widespread platform. There is no chance of you getting defrauded at any period. Coinbase has a record of heavy investment in its security protocol. Simple interface, effortless transactions and credit card purchases are some of the features of this site. The sign up process is fast and very simple. It is highly secured and a very trusted exchange. 

 

Withdrawing bitcoins is as easy as converting them with Coinbase. You can also opt for direct deposit into your bank. If you are a resident in Canada, USA, UK or Europe, then coinbase is one of the easiest way to buy and sell your cryptocurrency. Transactions will be conducted instantly. It is one of the most user friendly way to use. 

 

Wall of coins

Wall of coins is everyone’s comfort example because of excellent guidance. If you are clueless about how to buy and sell bitcoins or go through the trading process, then Wall of coins will guide till the end. It has been favorites of people all around the world and is one of the well suited exchanges for almost everyone. It is a peer-to-peer exchange.

 

The step by step introduction will be sent to you on your SMS and by the end of the trade you will be left with a smile on your face. Other than online sources, Wall Of Coins exists in a physical format too. you can go to a branch and deposit cash into trader accounts. 

 

itBit

itBit has received a charter from the NY State Department and operates in all the 50 states of USA. There are no set limits on the amount of purchasing or selling of bitcoins. But this feature can be used by the user only if he or she are verified users. They offer low rates and no set cap on the Bitcoin. 

 

The commission charged by itBit is very low. This is another reason why this is used very prominently. The fee charged is 0.1% locally and 0.2% globally. However the only downside of this exchange is that it accepts only one mode of transfer. You can deposit money or withdraw your cash only through wire transfer. If you are a US resident, then the site will verify you instantly. If you do not reside in US then it will be a task for you to get yourself verified and start trading. 

 

CoinHouse

This is one of the most simplest exchange you are going to find in the industry. You can buy bitcoins using Euro. Bank transfers or credit cards are accepted. Coinhouse gives you a feature which will let you store your coins for a limited period before you transfer it to your digital wallet. However you have to be a premium member to enable this feature. 

 

They provide analysis about market risks given from experts. They will display risks and opportunities of every investment you want to know. They charge very low commissions

 

Bitpanda

Bitpanda was started in Australia and has a lot of investment opportunities. The swapping or exchanging of cryptocurrency through this broker is free of cost and instant. You can enable notifications to alert you about the price. Bitpanda will send you an email and notify you about the price. 

 

It follows a two factor authentication and uses SSL encryption. The technical support provided by Bitpanda is very efficient. They take very short time to reply and solve issues. Other than wire and bank transfer, other methods like Neteller, Skrill, EPS or credit and debit cards are enabled. 

 

The article has summarized the best and the most used exchanges. Unless and until you use the broker and weigh your comfort, you wont know what is best for you. No exchange is perfect, so Good luck!

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