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September 18, 2019
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Tether signifies real currencies. It is a cryptocurrency in the blockchain marketplace.
Tether was designed in November of 2015. It was initially based on the Bitcoin blockchain structure. It was later transited to Litecoin in 2017. Tether used two tokens which uses two analogs EUR and USD in the blockchain world.
In 2016, Tether’s capitalization saw a significant boost. By August 2017, it accounted for a $320 million industry. Throughout 2016, Tether didn’t see any considerable alterations in its flow. However, since April 2017, exchanges like Bitfinex has declined its transactions with fiat currencies and Tether suffered the same.
Although everything seems fine from a general point of view, the company does has a few issues to deal with. These include the official site, withdrawals, redeeming of tokens, emission, and liquidity.
But what’s Really Wrong?
For starters, you must understand that Tether can’t be used in place of cash. It doesn’t have a backup. This is one reason that the company can’t back any of the transactions with its tokens.
What’s wrong with Token Redeeming?
There have been some issues between Tether and the banking system. Not long ago, Tether suffered a cut from its Taiwanese banking partners to wire transfers. In April 2017, it also found their wire deposits in a frozen state.
A case was then filed by Bitfinex, which Tether signed in on too. It was against Wells Fargo over funding wire transfers worldwide.
Surprisingly, the lawsuit was later dropped without any official statement by any of the three companies involved.
So the question still remains –can Tether tokens be redeemed?
What about Tokens Emissions and Liquidity?
There is still not enough audit information to be sure.
Despite all these concerns, it was startling to witness that Tether capitalization still kept on growing. Tether has a policy to not mention the names of its auditors or businesses involved.
Where does the company store its cash if it doesn’t utilize bank facilities? How do tokens circulate? Why is their insufficient knowledge about the token holders? It looks like blockchain has far more concerns and fewer responses. This means that emission is excessive. Excessive emission is an indicator of unbacked tokens, which is bad for the reputation of Tether.
There are only two exchanges Kraken and Bitfinex. These offer a USDT/USD set. Bitfinex agreed on a one USD rate for a USDT. Since the volume of transactions is little, liquidity is open. This is another concern that Tether needs to address promptly.
What’s going to happen to Tether?
For now, we know that many tokens are backed without any value. Tether tokens can’t be used to purchase other cryptocurrencies. Using too many USDT tokens will affect Bitcoin rates. More connection with financial banks may raise questions about its activity. Investigation of Bitcoin can also harm Tether. All of these are concerns that must be addressed to gain the user’s trust.
As for now, it looks like the company is deemed to offer some answers for their actions.
September 18, 2019
Where to spend Bitcoin
Are you wondering where to spend Bitcoin or who takes Bitcoin? There are a couple of locations who have the answers to your questions. Such locations do not require any debit card or any ID. Rather you can just transfer the cash in both offline and online and off you go. This has come up with one solution; sign up for among the lots of Bitcoin debit cards. It enables you to spend your Bitcoin anywhere whoever accepts Visa or Mastercard.
If you want to get started, then here we have made a list. This list upgrades by the number of organizations starts accepting Bitcoin. Have a look at our list and discover where to patronize your Bitcoin. The list is enough to keep you amazed with all the availabilities. Inspect it out!
Legal Services
In the legal world cryptocurrency is still a new principle. The great thing is, a number of law firms are accepting Bitcoins to fight from your end.
Luxury Products
Say yes to the luxury products like a mansion, a private yacht or Lambo. Become a Bitcoin billionaire and earn the luxury.
Music
Well, this can be fast to leap on the Bitcoin Bandwagon for the musicians. Grab the opportunity and buy tunes and albums with digital tokens.
Online Sellers
Among a number of online retailers, Overstock was the pioneer to accept Bitcoin. Following them, many more online sellers considered this to be an advantage.
Online Services
Whether you are searching a domain to sign up or host a website or want extra security with a VPN, earn them all with Bitcoin.
Online Subscriptions
You can buy an online subscription by Bitcoin on many memberships from news to adult-themed outlets.
Physical Stores
Apart from the online stores, you should be updated about the physical stores that accept Bitcoins. You should inspect the interactive Bitcoin maps.
Real Estate
Want to purchase a property but not prepared to buy with cash? Try Bitcoin.
Dining
Now, look up at the closest dining establishment sites that accept Bitcoin.
Space Travel
Get the opportunity of space travel by the first commercial travel agency to take Bitcoin for your custom. To infinity and beyond!
Sports
What sports do you like? Planning to catch up the next Mavericks game in Dallas or thinking about shooting rifles at a range? Which one do you choose?
TV
Pay your Dish Network bills by Bitcoin. This has become the leading way to pertain your TV expanse now.
Travel and Accommodation
A huge number of travel firms appeared to take Bitcoin payments. Even some new travel firms are focusing on Bitcoin payment procedure.
Computer Game
Numerous numbers of crypto-enthusiasts are also gamers. Therefore, several video gaming platforms accept Bitcoin.
Accounting Services
Because of the monetary nature of Bitcoins, you may find many accounting professionals are jumping into this bandwagon.
Charity Contributions
Even a good number of established charities have started to accept Bitcoin.
Dating Sites
Meet with your someone special by the help of Bitcoin.
Education
Bitcoin can be helpful enough to get you through the education system from pre-school to post-graduate.
Junk Food
Paying through Bitcoin makes thing faster and simpler just like pizza delivery. You can also buy them using Bitcoin.
Gambling
Both casinos and gentlemen’s clubs accept Bitcoin in Las Vegas. You can even trade your tokens for vouchers as well. Bitcoin patronizes the most popular ways of presenting cards.
Gift Cards
Present gift cards through Bitcoin as an easy solution to make someone happy.
Gold
You may have various significant properties which will never go away as a financial investment chance. Gold is not different from that. There are many traders who choose to invest rather than a store with Bitcoin.
From the entire list above, you can observe that there more than a few places that accepting Bitcoin in both online and offline. This list will have updates as we find more businesses adds Bitcoin in their payment methods.
September 16, 2019
How Do Digital Money Transfers Work?
For those who do not know or have never heard of them, virtual currencies / cryptocurrencies are simply digital money based on cryptographic protocols that are distributed and managed by their developers. In general, cryptocurrencies represent a new way to make money transfers in a virtual environment. Unlike conventional money, Crete Forex are not controlled by banking institutions or the government.
How cryptocurrency transfers work
In order to make a cryptocurrency transfer, first, you need a digital wallet, known as “Wallet”. This wallet can be installed on your computer or in your mobile device so that you can make transfers with crypto money.
These digital portfolios are controlled by software that generates encrypted codes — an address made up of numbers and letters to send and receive crypt-coins in translation. This address allows you to identify the public part of a pair of digital keys since the private part of the key is obvious only to the person receiving the digital currency.
Each transfer takes an average of 10 minutes and ends with the “mining” of crypto money. This can be done by “miners”, people with powerful computing equipment in which the system operates with an algorithm responsible for approving transfers. The result of this procedure is “hash”. “Hash” is a code that must be recognized by a network of cryptocurrency transfers. With each confirmed transfer, the commission was created for the miner, which allows the creation of new digital coins.
How to purchase cryptocurrency
Now, you have different ways to get virtual coins. You can, for example, purchase digital coins by purchasing them on the Internet market.
This purchase can be made directly with local currency on sites selling digital currency. Another way to acquire cryptocurrency is “mining”.
But, given that mining requires special equipment and more significant investments, it may not be the best solution to acquire virtual currencies, especially for those who have just entered the market.
Cryptocurrency as a solution for cross-border money transfer
Despite the fact that most of them are trying to offer a convenient interface, they are mainly focused on traders, not on those who want to exchange fiat currency for crypto, and then forget about it as soon as possible. In any case, when dealing with cryptocurrency transactions, you have to do a lot more manipulations than when transferring money from card to card.
Due to the relative complexity of working with bitcoins, many startups and companies began to develop solutions that could make the whole process easy, even for users with insufficient experience in the field of cryptocurrencies.
Solutions
There are quite a few solutions that attempt to facilitate remittances – both international and domestic. There are quite a few services, such as BitPesa or Bitwala, that offer instant money transfers. Such startups are mainly based on hiding cryptocurrency from users. The fiat currency of the user is anonymously transferred to BTC, transferred to another user, and then also anonymously transferred back to Fiat. For example, BitPesa exchanges bitcoins for local fiat currency with sending an asset to the user’s mobile phone account.
September 15, 2019
What is KuCoin?
Today, the KuCoin cryptocurrency exchange is based in the jurisdiction of Hong Kong. A large list of promising cryptocurrencies is currently being traded on the site. The CEO and founder of the KuCoin exchange, Michael Gam, is a technical expert of the world’s largest fintech company Ant Financial.
A unique feature of the KuCoin exchange is that the exchange daily shares half of its profits with everyone who keeps an internal token on the wallet – the cryptocurrency KuCoin Shares (KCS). Also, like Binance, KuCoin takes very low commissions on transactions, and discounts are available for owners of KuCoin Shares.
In this article, we will look at how to trade on the KuCoin cryptocurrency exchange, how to replenish the balance and withdraw coins from the exchange. The limits and commissions of the platform will also be described. A review of the KuCoin crypto exchange will start with a research team.
Registration and Verification
Registration on the KuCoin exchange is extremely simple and takes place in three clicks. To register, you need:
- Agree to the service rules
- Specify mail and password
- Confirm mail
- Registration at KuCoin
And it’s all! After registration, you can immediately replenish the balance and proceed to trade on the KuCoin exchange. From November 1, 2018, the exchange imposes restrictions on withdrawal – 2 BTC per day for unverified accounts. If you will not withdraw from the exchange more than two bitcoins (or another cryptocurrency in the corresponding equivalent in BTC), then you do not need to be verified.
Also, verification may be needed if you start or withdraw fiat funds from the exchange. As stated by KuCoin management, such a function is planned in the near future.
How to deposit KuCoin balance
On any page of the Exchange website, you need to click on the “Dollar” button in the upper right corner and a window will open with a choice of cryptocurrencies that are on the site. In this window, you should click on the “Deposit” button opposite the desired coin that you plan to add to the exchange.
Then another window will open in which you are informed that if you make a mistake when sending coins to the stock exchange, for example, send the wrong currency or send coins to the wrong wallet address, it will be impossible to recover the lost funds. After you confirm that you understand the risks, there will be another window where you will see the address of the purse to replenish.
KuCloin limits and commissions
Commission on transactions on the Kukoin exchange is only 0.1%. This is less than most popular cryptocurrency exchanges. In addition, part of the commission can be redeemed by the KCS token.
Also on the stock exchange established fees for the withdrawal of cryptocurrency. For each coin, the commission is different, for example for BTC it is 0.001, and for EOS cryptocurrency the size will be 0.5. A complete list of current commission rates can be found here.
Cryptocurrency KuCoin Shares (KCS)
Like the Binance Exchange, KuCoin created their own cryptocurrency, which is actively developed and promoted among users. Investors who hold KCS on the stock exchange’s balance sheet receive a discount on the percentage of commission on trade transactions. Also, the KuCoin exchange daily shares with all the owners of the KCS token its profit from transactions. 50% of the total daily profit is distributed among the owners of the KCS coin, depending on the amount of investment. The calculator for calculating profitability is here.
Conclusion
The KuCoin cryptocurrency exchange is a modern secure platform for trading and exchanging digital currencies. The management of the exchange is actively developing the platform and is looking for new ways to attract users by offering new points of interaction. The exchange is translated into ten languages and has a good reputation in the cryptocurrency community.
KuCoin Shares internal token (KCS) allows you to receive passive income as a percentage of the exchange profits. This trading platform has its own working mobile applications, which are a priority for management. In general, the KuCoin Exchange is a progressive, reliable trading platform that is continuously evolving and takes into account the opinions of users.
September 14, 2019
Bitpay Review
When talking about the big fishes in the cryptocurrency space, one can’t miss to include Bitpay Bitcoin debit card onto the list. Being a well-renowned company, Bitpay enjoys a good reputation. It guides its customers at every step of the way to ensure their utmost satisfaction. The card is Visa-powered and works whereas Visa is accepted. Its fee structure is almost like that of XAPO Bitcoin debit card. However, they don’t have the same diverse features than most of the other debit cards in the market. They only cater US clients and holds only Bitcoin exclusively. That being said, there are many debit cards that don’t offer its services in the US. In this regard, Bitpay is a decent choice for US citizens.
In this review, we shall take a look at what the Bitpay Bitcoin debit card has to offer to its customers.
Advantages
- Bitpay is a well-reputed and well-known firm. Since they have a reputation to maintain, they ensure their services are always up to the mark for their customers.
- When a customer signs up with Bitpay, they offer a secure online wallet.
- If located in the US, you can get a prepaid Visa card. This makes management of your spending quite useful.
- The card is accepted worldwide.
- There is no transaction fee when domestically using the debit card.
- It offers solutions to both businesses and private customers.
Disadvantages
- It is exclusively for Bitcoin users only. It is a shame that it doesn’t support other cryptocurrencies like altcoin.
- The debit card is only available for the US market, leaving the rest of the world left out.
- Surprisingly, you will notice that the card doesn’t come with a pin or a chip. Let’s hope Bitpay changes this in the future.
- Signing up can be a stringy process as it asks for requisites such as address, social security number, and government-issued ID. This doesn’t leave any room for privacy. The debit card is stricter with its verification –something not many cards have.
- The maintenance fees are 5x higher than what most cards charge. This makes it a very expensive card to have.
Bitpay Bitcoin Debit Card Charges
- The issuance fee of the Bitpay Bitcoin debit card is $9.95.
- It takes less than a week to ship.
- There are zero transaction fees, making it extremely viable. But, using the card outside of the US costs 3% as for conversion rates.
- The Bitpay’s free packages offer 30 transactions/month. Each transaction, however, costs 1% in the transaction fee.
- The maintenance fee is $5/month.
- There is a $2 withdrawing charge when withdrawing cash from an ATM. International withdrawals cost $3.
Summary
- Physical card: Yes
- Virtual card: Yes
- Card type: Visa
- Mobile app: Yes
- Supported cryptocurrencies: Bitcoin (BTC)
- Supported fiat currencies: USD
- Anonymous: No
Final Word
If you are looking to invest in a debit card in the US whose company enjoys a good reputation then this debit card is for you. They rely on their good reputation to ensure their services always exceed their customer’s expectations. The card takes less than a week to arrive and is cheap too. Since it only supports Bitcoin, it does limit the user’s preferences. Some users also complain about preloading the card. The security it offers is exceptional but comes with a bothersome verification process. Its maintenance fee is higher than most of its competitors. While others charge $1/month as a maintenance fee, Bitpay Bitcoin debit card charges $5/month.
September 12, 2019
What are Bitcoin debit cards?
With the increasing popularity of cryptocurrency, many people have a question – how can Bitcoin be cashed? One of the most popular and already available methods is plastic bitcoin cards.
Thoughts about creating a debit card, linked to cryptocurrency, appeared long ago – back in 2011. The prospects were obvious – the card could significantly simplify the use of bitcoin in real life – to exchange, replenish, buy cryptocurrency using the card would not be difficult for the user. At the end of 2013, the first debit cards with digital currency support appear. And in 2015, rapid growth in the number of services offering users various types of bitcoin cards begins.
Bitcoin card features
Crypto cards work in MasterCard or Visa payment systems and have accounts in Fiat (USD, EUR, GBP) and virtual currencies, so the exchange between them within the service is automatically at the internal rate. Also, the cards are tied to a bitcoin account opened in the service where the card is issued, so the speed of transactions increases.
Why do many people prefer Bitcoin cards to exchangers and exchanges?
- Lack of intermediaries in the exchange of Bitcoin for Fiat
- Many services offer anonymous cards that do not require verification.
- 24-hour access to funds
- Convenience and ease of use, you can pay wherever Visa / MasterCard is accepted
The most popular cryptocurrency cards
Among the many Bitcoin cards, there are several, the most popular:
TRASTRA card
TRASTRA is a cryptocurrency VISA card available for residents of the European Union and UK. It supports Bitcoin as well as multiple Altcoins and new currencies are regularly added. This card has some of the lowest fees on the European crypto market. With a monthly fee of 1.25EUR and initial card cost of 9EUR only users get access to numerous features including crypto wallets, exchange and buy services, and a personal IBAN account. TRASTRA doesn’t have any card top-up fees, commissions for making purchases in euro, and external transfers. All this makes TRASTRA incredibly profitable debit card for daily transactions.
The Shift card
The Shift card has a number of advantages – it is relatively inexpensive ($ 10), free transactions within the country (USA), a convenient mobile application, non-commissioned transfer of Bitcoin to Fiat. But this card has quite low limits for withdrawal/replenishment, it only works with BTC and USD and only in the US (even not in all states).
The BitPay card
The BitPay card (based on the Visa payment system) is perhaps the most popular Bitcoin card in America. BitPay card can be used by residents of all states of America and many other countries (Turkey, Switzerland, Slovenia, Monaco, Poland, etc.). Like Shift, BitPay works with only one fiat currency (USD) and only with BTC, but it has quite high limits that do not require additional confirmation. Users of this card note the high speed of transfers (less than a minute is the transfer of dollars to bitcoins and vice versa), competent technical support service and ease of application. At the moment, this debit card can only be bought for Bitcoins.
The Bitwala card
The Bitwala card is the result of the work of the European cryptocurrency startup Bitwala. This card can be virtual (cost 2 €) or plastic (cost 8 €), verified (in this case, the transfer limit is increased to € 50,000 per month) or not (the limits are significantly reduced). In addition to Bitcoin, the user can replenish the Altcoins card, which has become possible thanks to the Bitwala collaboration with the Shapeshift exchanger. The disadvantage is the presence of a commission of 0.5% of the amount for depositing funds on the card, for reissuing the card, monthly maintenance fee.
The Xapo card
The Xapo card is the “old” crypto map in Europe, produced since 2013. The advantage is the presence of a personal bitcoin wallet and the ability to use cold storage, that is, the service itself is responsible for the safety of your funds. The Xapo card supports BTC, EUR, GBP, USD, does not have a fee for the completion of the card. But there are a number of “minuses” – a commission for service, low limits on withdrawals, the high cost of the card and its reissue, mandatory verification.
EPayments card
EPayments card (MasterCard payment system) – the card was developed by the British Electronic Payments Association. The ePayments card is quite popular among cryptocurrency owners, as the Electronic Payments service is constantly “adjusted” to the needs of card users. Thus, from April 2017, the one-time annual maintenance fee was canceled (now the maintenance fee is charged monthly (2.95 USD), but the first two months are free), the issue price has significantly decreased – 5.95 USD (and from 2.10 to 9.10 of the current year you can order for 2.95 USD), SMS informing became free, PayPass support appeared.
September 12, 2019
If we were to make a list of the essential abilities any organization needs to have, we will surely have these five crucial ones on top.
1. Critical Intelligence
Critical intelligence is the foremost skills any business needs to acquire in order to strive for success. It often becomes difficult for businesses to pinpoint their weaknesses when dreaming for the skies. However, a critical evaluation of what works and what doesn’t is what will determine how well the organization does. Therefore, it is imperative that challenges are accepted and practices of logical thinking are applied.
2. Discipline and Focus
Whether you run a multinational firm or a startup, discipline and focus is a primary requisite. With distractions from all around, it is vital that one remains focused and not give in to what others say or think about you.
3. People Skills
Employees are the backbone of any organization. Good interaction and care for them to guarantee their trust and loyalty. Thus, take note of their demands and wishes and they will put their heart into making your business a success.
4. Action-ability
Every organization has people with actionable skills. They are the ones who get the work done for you. Encourage and mentor them and in no time you will witness promising outcomes.
5. Spirit to compete
You must keep in mind that you aren’t the only one with an idea. Many are working on the same ones as you. You must be prepared to accept competition and strive to find that edge that differentiates you from them.
Now, How Do You Implement These?
Attempt poker –shocked? Read one to find out what we mean.
You must change your routines to develop these abilities. You must find people with the same goals as yours and value their insights.
This is how you learn about ideas that work and don’t. Their insights and way of perceiving things might differ from yours. Remember this –no school in the world teaches students how to play poker. In order to win, you need to calculate each step and remain prepared for any counter-attack from your rival. After all, they too are competing for the same prize. Thus the key is to know your rivals well, learn about their strategies, use their weaknesses against them and win the prize.
The same can be applied to organizational skills.
But Where Does Blockchain Come In All Of This?
Though poker is a world-famous game, there are still a few concerns involved. When playing online, the number of online casino applications and gambling establishments urge the players to take part in many rounds. One of these is the random number generator (RNG).
Not all information is visible, for instance, picking the winning numbers.
Kudos to The Cash Pro Poker as they have identified ways to prevent these challenges.
Block chain network and programming concept on technology background
It’s working
Pseudorandom number generator (PRNG) using blockchain changes video game. It picks some initial worths and repays a number undifferentiated from a casual number. But, blockchain architecture does have some constraints too.
The data is offered to everyone and received from open sources. It takes some time to calculate and verify. This is very difficult when playing in online casinos as taking too much time isn’t advised.
The goal is to pick random numbers from smart contracts. The initial worths are integrated with a one-time number called nonce. Nonce produces an exclusive name for every shuffling.
Blockchain also solves the payment issues likewise. All Cryptocurrencies are pseudonymous and uncontrollable by federal governments. Moreover, payments come at low fees and are quicker.
September 10, 2019
What is Bibox?
Bibox Exchange is a young Chinese cryptocurrency marketplace with big ambitions. It appeared in 2017 and is gradually gaining positions in the market with increasing trading volumes. There are several languages available on this exchange, including Russian. Localization allows CIS traders to easily start working with this platform. Bibox offers wide functionality not only for private traders and investors but also for companies. According to Coinmarketcap, the turnover of the platform per day is almost 20,000 BTC. Many users say that Biboxs interface, functions and business mode is very alike with its main competitor aka other Chinese exchange platform – Binance. Moreover Bibox uses same strategy to lower commissions by introducing its own coin very much like Binance.
Commission fees on Bibox
Already on the main page of the exchange displays the current rates of cryptocurrency. They are divided into markets: BIX; ETH; BTC; USDT; DAI. There is a field for a quick search for currency, as well as the “Favorites” function. Fiat on the platform is missing, there is only Tether. You can replenish any of the Bibox cryptocurrency accounts without commission, and when removed, the site keeps a fee equal to the network commission. Commission size:
- Bitcoin 0.0004 BTC
- BIX Token 3 BIX
- Ethereum 0.005 ETH
- Ethereum Classic 0.005 ETC
- Bitcoin Cash 0.005 BCH
- Litecoin 0.005 LTC T
- Tether 35 USDT
- EOS 0.3 EOS
The amount of commission may vary, depending on the situation and the load of a particular blockchain network.
Starting with Bibox
The Bibox site uses an SSL certificate that protects user data from possible interception. No incidents of hacking or long delays occurred during transfers. Unless there were claims of non-payment by the exchange of awards to partners who were engaged in attracting new users. To protect users and their accounts added 2FA, SMS confirmation, payment password. The personal account records the time of authorization and the IP address from which the login was performed.
Bibox works with ETH, BTC, USDT, and DAI. This is a digital asset exchange, fully tied to AI. Here you get the opportunity of peer-to-peer trading in the same way as on the decentralized EtherDelta Exchange. The main goal is to provide a quantitative calculation and analysis of the trade. In the near future, it is also planned to add fiat currencies to the exchange. It is still unclear how the company implements the technology of artificial intelligence. The team has not yet released data on the internal work of its platform.
In addition to desktop applications for Windows and MacOS, which allow trading on the stock exchange with the highest speed and stability, Bibox offers Android and iOS mobile applications for remote work. Also, they can be downloaded by scanning the QR code in the “APP” section of the official website.
Security measures
For a short time, Bibox did not compromise its reputation – there was not a single incident of hacking, theft of funds or information. But there is one question that traders ask in a review to the site – where all the assets that are on the exchange are stored. The administration of the exchange has not yet released this important information. The simultaneous use of all options will ensure the most secure storage of digital assets and data on Bibox.
Review Recap
Traders increasingly prefer decentralized exchanges that offer a higher level of security and independence from external factors. This explains the success of the Bibox exchange from the very early stages of launch. Although the platform is already fully operational, it does not stop its development – the listing of currencies is constantly updated with new promising tokens, functions are added, increasing profitability and expanding the capabilities of Bibox clients.
September 9, 2019
WageCan Review
The company WageCan is a Taiwan-based which opened its doors in 2014. It is hosted by some of the most prominent people in the cryptocurrency space. These individuals have a vast understanding and experience in the technical world. WageCan opted to partner with MasterCard instead of Visa which differentiates it from most of the Bitcoin debit cards issuers in the market today. The debit card is most popular among freelancers on the go and digital nomads
What other features make it stand out from the rest? Hopefully, this review will highlight them in detail.
Advantages
- Since it is partnered with MasterCard, it is acceptable in 99% of the stores worldwide, making it exceptionally practical to carry.
- Another perk is the cheap foreign conversion rate it offers to its customers. It only costs 1.5% as for conversion fee which is half of what most of the debit card issuers charge.
- ATM withdrawal costs are also significantly lower when taking small amounts. Where most debit card issuers charge $2.5 or $3.50, it only charges 1%.
- The debit card features synchronized desktop and mobile wallets along with the card.
- The address of the wallet is printed on the card, making it easier to deposit new tokens.
- The card is accessible in 210 countries with over 30 million ATMs worldwide.
- The individual’s credit history isn’t checked, making it easier for everyone to order one.
- The firm offers a one-of-a-kind e-Residency option –something which is very progressive of them.
- There is a first-load award for users which no other debit card offers.
- Users also have the option for domestic currency withdrawals.
- Users can reap bonus awards as well in the form of referral credits to friends and upon top-ups.
Disadvantages
- When planning to take out large sums of cash, the 1% fee per ATM withdrawal may seem costly to some.
- The issuance fee of the physical card is higher than most of its competitors at $15.40.
- The virtual card costs $8.50
WageCan Bitcoin Debit Card Charges
- There are no monthly maintenance fees associated with the debit card. The foreign conversion fee is 1.5% only.
- Each ATM withdrawal costs 1% from an ATM.
Summary
- Physical card: Yes
- Virtual card: Yes
- Card type: MasterCard
- Mobile app: Yes
- Supported fiat currencies: USD, EUR, and GBP
- Supported cryptocurrencies: Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), and Litecoin (LTC)
- Anonymous: No
Golden Card –Another BONUS
Although in its Beta phase currently, the WageCan Golden will soon be available for the general public for use. There is a hefty $162 issuance fee associated. The card has a high withdrawal limit (up to $25,000). The company also plans to launch its very own Gift Card service. The Gift card will be able to hold up to $350 as cryptocurrency tokens. The company also features a HashCan card. It serves as a mining pool users can easily join with their mobile phones. It allows users to earn direct money spendable right away.
September 8, 2019
Decentralized Hedge Funds
Blockchain, cryptocurrency, trading, mining. In the company of these buzz words, one more thing recently appeared – hedge funds. The term that previously existed only in the financial market environment is now associated with high technology. There are engineers who build, manage and scale something called “hedge funds.” Many recommend them as the best way to invest in cryptoactives. However, for everyone else, the question remains “what are hedge funds and how to choose the best ones?” Let’s understand.
Things first – what is a hedge fund anyhow?
This is an investment tool. Without going into legal details, a hedge fund can be considered a pool of assets in various proportions that are managed by specialists – fund managers. A typical hedge fund in the securities market manages various stocks for several companies that make up a common pool. Since the pool contains different stocks and none of the assets dominates the others, the risk is reduced. In other words, the risk is limited, hence the name.
Are all hedge funds the same?
Most of the work of all successful hedge funds is based on unique market information available to fund managers. Thus, they can realize a market opportunity that no one knew about before. At the same time, the hedge fund may attract investors who will put their money earned in blood and then money at the disposal of managers.
The differences between the two hedge funds can be reduced to the unique data that each of them uses, and the decision-making process within the fund.
Are there different decision making principles?
Each specialist makes certain decisions, and depending on them, the value of the fund will increase or decrease. The financial incentive for these specialists (or fund managers) is directly proportional to the fund’s earnings. A manager who makes the right decisions time after time earns more than he regularly makes mistakes. This is the traditional way of making decisions in a hedge fund. On average, 200-250 managers who manage the fund and investors’ money work in one hedge fund.
The success of the foundation will be determined by the results of the work of these 200 people. However, intelligent people among us began to ask themselves: “Are 200 people enough? Will the fund work more successfully if this number is increased? ”The decentralized principle of decision-making was the answer to these questions.
How does decentralized decision making work?
The decentralization fashion has not passed hedge funds. The blockchain has taught us that if there is a protocol or method of organizing a large number of unfamiliar people with decent incentives leading to behavior that is good for this community, it makes no sense to limit the number of participants.
It looks so easy. Is this really true?
The basic economic principles are really simple. However, the devil is in the details. Like traditional hedge funds that operate on the basis of unique information, decentralized protocols must also use a unique opportunity that would be difficult for someone else to repeat.
Interesting examples include the Numerai funds, the protocol of which organizes data specialists, and God Token, whose decentralized protocol is used to organize thousands of miners. This is the principle of the decentralized hedge fund, although in the real world it can be much more difficult to use these protocols. In addition to technology, at every stage of the operation of such a protocol, the economy controls everything.