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Wirex Debit Card, Crypto / Fiat bank $27aud Nano, Upto $14 Bitcoin.

Wirex is currently in beta by Invitation only and are offering a generous reward to test there online banking platform it works like this.
1) https://wirexapp.com/9336ee701d304b609e2e31912f0d299d
2) Deposit $25AUD Crypto or AUD (By Debit)
3) Order a free card. On activation you get the first bonus 20nano worth about $27aud.
4) Buy $150 or more in Crypto currency. Get ($5 USD in bitcoin)
5) Use the card in store Swipe, Paywave or chip & pin. (Get $5 USD Bitcoin)
submitted by ndreamer to beermoneyAus [link] [comments]

Wirex Visa Debit Online Crypto / Fiat Bank Bonus $27 Nano + up to $14.68 Bitcoin + Free Debit Card

Wirex Visa Debit Online Crypto / Fiat Bank Bonus $27 Nano + up to $14.68 Bitcoin + Free Debit Card submitted by OzBargainBot to OzBargainNew [link] [comments]

Bitcoins next block fee now cost more than paypal's maximum instant transfer fee. Future of money guys its really happening.

Bitcoins next block fee now cost more than paypal's maximum instant transfer fee. Future of money guys its really happening. submitted by TechCynical to CryptoCurrency [link] [comments]

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

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

What is Ripple (XRP)?

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

Where Can I Trade XRP?

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

Buying XRP on Binance

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

Buying XRP on Bittrex

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

Buying XRP on Changelly

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

Cryptmixer

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

Buying XRP on Coinmama

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

Storing Your Ripple Coins

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

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

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

What is the best trading platform for Ripple?

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

The Bottom Line

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

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

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

Popular Exchanges

eToro
Coinbase
Coinmama

Buy Litecoin with Credit Card or Debit Card

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

Coinbase

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

Coinmama

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

BitPanda

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

CEX.io

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

Buy Litecoin with Bank Account or Bank Transfer

Coinbase

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

BitPanda

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

CEX.io

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

Binance

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

Get a Litecoin Wallet

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

Other Methods to Buy Litecoin

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

Buy Litecoin with PayPal

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

Buy Litecoin with Cash

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

Buy Litecoin with Bitcoin

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

Buy Litecoin with Skrill

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

Cryptmixer

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

Buy Litecoin with Ethereum

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

Cryptmixer

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

Poloniex

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

ShapeShift

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

Frequently Asked Questions About Buying Litecoin

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

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

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

How much is a Litecoin worth?

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

How do I buy Ripple (XRP) with Litecoin?

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

How long does Litecoin take to confirm?

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

How many Litoshis make one Litecoin?

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

Where do I store Litecoin?

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

When is the Litecoin halving?

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

Why can litecoin take so long to buy?

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

How do I buy Litecoin with Paypal?

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

Can you buy partial litecoins?

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

Can you sell litecoin?

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

Can anyone buy litecoins?

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

Which payment method is best to use?

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

Is it better to mine or buy litecoins?

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

What should I do with my litecoins once I buy?

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

Buying and withdrawing bitcoin?

So I’ve recently set up an account with Kraken to buy crypto. I’ve been looking into Bitcoin debit cards and Ledger (Nano S). Can I connect all these things together? If I buy X amount of Bitcoin and withdraw it. Where exactly can I withdraw it to? How would I purchase things online and in store with Bitcoin?
submitted by StatTrakJackTV to BitcoinBeginners [link] [comments]

DO NOT BUY BITCOIN FROM FINANCIAL INSTITUTIONS!

Today marks a new day, Deutsche Boerse has listed and Exchange Traded Product ( ETP ) linked to the price of Bitcoin, Grayscale Bitcoin Trust now allows you to buy BTC shares. BTC ATM’s are now available in over 5000 different locations in the US. But, don’t be fooled you would think that these financial companies are here to help increase adoption, well there not.
All financial companies work for one purpose, to MAKE THEMSELVES money, not you! The cost of housing bitcoin can be at most 59$ this represents the price of a Ledger nano that can store more bitcoin than you can buy. However, these big companies believe that you should pay a 2% “Maintenance Fee”. What are they gonna maintain? It does not cost anyone 2% to store crypto. I haven’t even gotten to the best part! They charge you 7% for simply buying these shares from them if you go on any exchange the highest fee you could pay is 0.5%. The financial service sector does only one thing! Steal from the people that are working hard to save money!
Please people, if you want to invest in crypto all you need to do is have your credit/Debit card and go on to any exchange such as: Coinbase Crypto.com Coinmama CEX etoro
If you go to these financial services they will charge you 10% for doing something you can do from the comfort of your couch.
For more information:
https://cryptobriefing.com/grayscale-bitcoin-trust-screwing-retail-institutions-fees/
submitted by Nas9611 to CryptoCurrencies [link] [comments]

I moved.

So, yes, I moved platforms. Not bashing on BlockFi, its a great platform, but financially it made sense to move right now. I know BlockFi had their security issue and just hired a new security guy to beef up their security. CDC’s security was great, then just got strict’er. Meaning, they’re serious and yes, serious about security. I’m not being paid by CDC or BlockFi nor am I a registered ambassador. Just a user from USA. CDC allowed me and my family in Hawaii to open up an account with KYC, then get to work in buying bitcoin and other cryptos, putting them in Earn, and earning interest. On of my family friend members was early adopter of MCO and was able to afford the Obsidian black card, amazing. At that time, I had the ruby red.
I was mainly on BlockFi first, then got into CDC last year, got their debit card, then started to upgrade with collecting more MCO, then hyperspace into getting the 500 MCO tier, and just within the last two weeks, the icy white 5000 MCO tier. My wife kept asking if CDC was legit and make sure it wasn’t a scam company. BlockFi is registered in New York under USA laws. Since CDC is allowed to operate in the USA and their bank with the Visa cards is Metropolitan Commercial Bank in New York, I decided to upgrade to that icy white card.
I was going back and forth on whether I should move my funds, which majority were in BlockFi, to CDC’s earn since I am now in the icy white tier. At first, I was like eh....I dunno, maybe I should indeed spread my risk into multiple platforms and not all in one basket. Considering CDC is legit and they’re safe with insurance and that I beefed up my security on my end (email, 2FA, removed phone numbers to mitigate sim swap risks), I was confident with the move. I thought hmmm....bitcoin 6%, ethereum 4.5%, and litecoin 3.8% in BlockFi...hey interest is lower than CDC but safer right? Then I thought, wait, what the heck? I am missing out on bitcoin 6.5%+2% in MCO, ethereum 5%+2% MCO, and litecoin 5%+2% MCO, etc AND CDC is safe in earn, despite it being simple interest I knew I could compound it every 3 months. I was going back and forth on this since my greatest concern was security/insurance. Knowing that CDC has my back, I felt comfortable after speaking with their support crew about all this security/insurance. I thought finally, IT MAKES SENSE since I can earn extra 2% in earn with the 5000 MCO stake plus also get 8% interest on the MCO stake.
Anyway, I’m still waiting for my funds from BlockFi to transfer since they were closed last Friday for Juneteenth. So far the icy white card has been amazing since I was able to make many purchases within my means and still get 4% cash back in MCO. I still use my Amex platinum and Amex gold from time to time for certain things, but the CDC debit card has been my main go to.
I still have some stuff in BlockFi to maintain my client status and see where things go there with monthly compound interest, but I moved mainly to CDC to take advantage of the higher simple interest and earn extra interest rates. With the amount of stuff that CDC is developing and delivering, I’m staying aboard CDC. With this, I still have a ledger nano X, which I keep a small amount there, but majority in CDC’s earn.
What do you think? Let’s hearing your stories.
submitted by Captmedu74 to Crypto_com [link] [comments]

Fastest and easiest way without a minimum purchase or high fees for customers to obtain NANO? (USA)

Hello Nano community,
Some of you may know me from /nanotrade or elsewhere, I generally am bullish on NANO and try to do my part to help spread adoption and awareness. I also run several e-commerce websites utilizing the open source Zen-Cart as my back end. Lately, and not so lately but in general, I have encountered issues with various payment processors (which actually led me to Nano in the first place, as well as a general interest in Cryptocurrency).
While there are solutions to dealing with the more stringent regulations enforced by payment processing companies, many of these require my customers to download third party apps or sign up for third party services. Not too dissimilar to how Paypal requests a user to be logged in before sending a payment in fact. Anyways, so while setting up my websites again today after losing another payment processor over the weekend, I have come to the decision, why not try and introduce my customer base to Nano and present it less so as a cryptocurrency, but more so as a digital decentralized payment solution? I have tried accepting cryptocurrencies before, however many of my customers, at least for my main e-commerce website are older and not so tech oriented. Just seeing that I accepted "Cryptocurrency" and "Bitcoin" as an option was enough to scare some of these people away. Ironically, I noticed more sales when I completely removed this payment option and all mentions of it from my website. Funny how that works.
Anyways, since I am in the middle of setting up additional payment methods, I figured now would be a good time to attempt the above with Nano, and offer a link on the "Pay with Nano" page during the check-out process for my customers to decide if they would like to try it out. My only concern, many of these people being older and technophobic, is that the process for obtaining the Nano they want to spend may be too much work and not something they would be interested in. Especially if it involves things like scanning IDs or providing more information than a simple credit or debit card number and a name. Ideally, this would be the only information they need to provide, with the ability to purchase any amount (most orders placed are between $25-$100), without paying an outrageous fee (which I will offer an incentive to cover for anyways I think). An instant transfer would also be a prerequisite. Something as fast as it takes to sign up for Cash App for example.
So, am I asking too much? Do such services exist yet in the US?
Quick rundown:
-Low fees
-No minimum or low minimum
-Non-invasive signup process
-No wait
Another thing worth mentioning, and hopefully this can provide the right people with an idea which I think could really help improve Nano adoption if implemented, was that I noticed some competitors of mine are accepting something called "PMC Coin", which is claimed to be a gold backed cryptocurrency. The gold bit is not important I do not think. What is impressive however, is that these vendors are able to provide this crypto as an option during the checkout process, and upon hitting submit, the customer is brought to the PMC Coin website, where they are presented with a form for purchasing this crypto. I have not tried going further than this, but the form contains all the required fields for a credit and debit purchase, as well as the price for the purchase being exactly what the price was for the requested items during the check-out on the forwarding website. It appears that upon purchase, the credit/debit card payment is sent to the PMC Coin sellers, and the PMC Coin in an equivalent amount is sent to the vendor. I assume the fees are offloaded onto the vendor at this point. While I have no interest in this asset in the slightest, I have to commend them on this solution, and I really hope we can see something like this emerge from the Nano community. It could be the killer app we have all been waiting for to spur adoption perhaps.
I will essentially be manually doing something like this for my customers, albeit with links and instructions, however as mentioned, the more streamlined the process is, the better. I am sure they will have an easy enough time with Natrium, and I am excited to introduce some new people into the space. But most of all I just want a simple ability to be able to keep my shop online without having to bow down to the banks and their petty requests as to what products should or should not be sold. None of us should have to deal with the Soup Nazi, be us merchants or consumers.
Thank you for your time and interest, and remember, stay bullish!
::edit::
Spreads I have found so-far:
CoinGate: 100 Nano = $114.76 vs. $97.44 USDT (Binance) [$17.32 fee] [$50 minimum] (Simplex)
Atomic Wallet: 100 Nano = $115 vs. $98.40 USDT (Binance) [$16.60 fee] [$50 minimum] (Simplex)
Crypto.com: Claims 3.5% fee, requires government photo ID, 2-3 day confirmation
Coinswitch.io: 100 Nano = $117 vs. $99.28 USDT (Binance) [$17.72 fee] [$63 minimum] (Simplex)
Coinify.com: 100 Nano = $119 vs. $114 USDT (Binance) [$5 fee] [$63 minimum] KYC is intensive but not too crazy. 2 Minute verification too. Definitely the best option so far. Only problem is the minimum purchase.
Going to try Binance.us next and the Brave browser, which I think uses Binance as a backend anyways.
submitted by ExtraSynaptic to nanocurrency [link] [comments]

What’s wrong with this picture?

What’s wrong with this picture?

https://preview.redd.it/rlujkrxlt1i51.png?width=468&format=png&auto=webp&s=3f77bf2bdee568d46adc7c7fff4d2b14325f43f5
How about this picture?

https://preview.redd.it/0zzsoc4ot1i51.png?width=468&format=png&auto=webp&s=4de7facacdab321893d8a0e4d84437b8fdbc7e2a
For now, just ignore the blank receiving address. There is something wrong here. If you look at the bottom right and pay attention to the fee.
In both examples it cost more to send $1 USD than the value itself. BTC cost $3.70 to send $1.00 and ETH cost $1.13 to send 1.00.
For those of us that have been in the crypto space for a few years this doesn’t come as a surprise. But for newcomers this will be something that they probably wouldn’t expect. For those of us in the US of A I can take a physical dollar out of my wallet and hand it over to someone for FREE. Meaning that I will not be charged a single penny for that transaction. However, on the flip side if I decide to use a credit or debit card then it’s going to cost me or someone to make that transaction. The former is all about freedom and the latter is all about convenient use.
I want freedom and convenient use. Let’s keep it simple.
If crypto can provide freedom and convenient then count me in. The idea of bitcoin is revolutionary. There is more to bitcoin than free transactions. Also, Ethereum provides capabilities that are beyond what anyone has even begun to dream of. Still with both of these paradigm shift there is the bottom-line where the rubber meets the road. It’s all about the fees. No one is going to be willing to spend 100% to 300% on fees to make a transaction. Bitcoin will become the store of value and the Ethereum project/experiment will be stalled until POS becomes a reality.
With that said, let’s explore some other crypto projects and see what the impact of sending $1 USD value in their ecosystem.
I took the top 15 cryptos in market cap and looked at the cost to send. I also added a few others outside of the top 15 just for fun. Here is a table for comparisons.

https://preview.redd.it/jgyd9vvqt1i51.png?width=499&format=png&auto=webp&s=3cad006465a40de08d58a1f15662763aad0269ee
You will notice that the top 5 in Market Cap that only XRP has reasonable fees. ETH, Tether, Chainlink are all Ethereum based cryptos. Bitcoin Cash is near zero but still not FREE. Then you will see the first FREE crypto in the top 15 in market cap is EOS. The interesting thing about EOS is no matter how high the value of EOS goes the transaction fee is always ZERO. Whereas BCH dollar value will continue to get more expensive as the token value goes up in price.
Only EOS, TRON and NANO will always remain FREE to transact. However, there are other things to consider with these projects and in order to take advantage of these always FREE capabilities you need to spend some money upfront to secure some resources. Still, these projects are exploring ways to minimize these upfront costs by providing ideas like resource exchanges and having the DAPP projects pay for the upfront costs.
Here is another view of the chart sorted by % Fee cost

https://preview.redd.it/svtoj47tt1i51.png?width=544&format=png&auto=webp&s=4b1b60289fd7648ef239c3418355aea277e0c274
The moral of the story here is watch out for those FEES. They can sneak up on your if you’re not careful.
Be safe out there
~S
submitted by controllinghand to eos [link] [comments]

Crypto Banking Wars: Can Non-Custodial Crypto Wallets Ever Replace Banks?

Crypto Banking Wars: Can Non-Custodial Crypto Wallets Ever Replace Banks?
Can they overcome the product limitations of blockchain and deliver the world-class experience that consumers expect?
https://reddit.com/link/i8ewbx/video/ojkc6c9a1lg51/player
This is the second part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
---
While crypto allows the world to get rid of banks, a bank will still very much be necessary for this very powerful technology to reach the masses. As we laid out in our previous series, Crypto-Powered, we believe companies that build with blockchain at their core will have the best shot at winning the broader consumer finance market. We hope it will be us at Genesis Block, but we aren’t the only game in town.
So this series explores the entire crypto landscape and tries to answer the question, which crypto company is most likely to become the bank of the future?
In our last episode, we offered an in-depth analysis of big crypto exchanges like Coinbase & Binance. Today we’re analyzing non-custodial crypto wallets. These are products where only the user can touch or move funds. Not even the company or developer who built the application can access, control, or stop funds from being moved. These apps allow users to truly become their own bank.
We’ve talked a little about this before. This group of companies is nowhere near the same level of threat as the biggest crypto exchanges. However, this group really understands DeFi and the magic it can bring. This class of products is heavily engineer-driven and at the bleeding-edge of DeFi innovation. These products are certainly worth discussing. Okay, let’s dive in.

Users & Audience

These non-custodial crypto wallets are especially popular among the most hardcore blockchain nerds and crypto cypherpunks.
“Not your keys, not your coins.”
This meme is endlessly repeated among longtime crypto hodlers. If you’re not in complete control of your crypto (i.e. using non-custodial wallets), then it’s not really your crypto. There has always been a close connection between libertarianism & cryptocurrency. This type of user wants to be in absolute control of their money and become their own bank.
In addition to the experienced crypto geeks, for some people, these products will mean the difference between life and death. Imagine a refugee family that wants to safely protect their years of hard work — their life savings — as they travel across borders. Carrying cash could put their safety or money at risk. A few years ago I spent time in Greece at refugee camps — I know first-hand this is a real use-case.

https://preview.redd.it/vigqlmgg1lg51.png?width=800&format=png&auto=webp&s=0a5d48a63ce7a637749bbbc03d62c51cc3f75613
Or imagine a family living under an authoritarian regime — afraid that their corrupt or oppressive government will seize their assets (or devalue their savings via hyperinflation). Citizens in these countries cannot risk putting their money in centralized banks or under their mattresses. They must become their own bank.
These are the common use-cases and users for non-custodial wallets.

Products in Market

Let’s do a quick round-up of some of the more popular products already in the market.
Web/Desktop The most popular web wallet is MetaMask. Though it doesn’t have any specific integration with DeFi protocols yet, it has more than a million users (which is a lot in crypto land!). Web wallets that are more deeply integrated with DeFi include InstaDapp, Zerion, DeFi Saver, Zapper, and MyCrypto (disclosure: I’m an investor and a big fan of Taylor). For the mass market, mobile will be a much more important form-factor. I don’t view these web products as much of a threat to Genesis Block.
https://preview.redd.it/gbpi2ijj1lg51.png?width=1050&format=png&auto=webp&s=c039887484bf8a3d3438fb02a384d0b9ef894e1f
Mobile The more serious threats to Genesis Block are the mobile products that (A) are leveraging some of the powerful DeFi protocols and (B) abstracting away a lot of the blockchain/DeFi UX complexity. While none get close to us on (B), the products attempting this are Argent and Dharma. To the extent they can, both are trying to make interacting with blockchain technology as simple as possible.
A few of the bigger exchanges have also entered this mobile non-custodial market. Coinbase has Wallet (via Cipher Browser acquisition). Binance has Trust Wallet (also via acquisition). And speaking of acquisitions, MyCrypto acquired Ambo, which is a solid product and has brought MyCrypto into the mobile space. Others worth mentioning include Rainbow — well-designed and built by a small indy-team with strong DeFi experience (former Balance team). And ZenGo which has a cool feature around keyless security (their CEO is a friend).
There are dozens of other mobile crypto wallets that do very little beyond showing your balances. They are not serious threats.
https://preview.redd.it/6x4lxsdk1lg51.png?width=1009&format=png&auto=webp&s=fab3280491b75fe394aebc8dd69926b6962dcf5d
Hardware Wallets Holding crypto on your own hardware wallet is widely considered to be “best practice” from a security standpoint. The most popular hardware wallets are Ledger, Trezor, and KeepKey (by our friends at ShapeShift). Ledger Nano X is the only product that has Bluetooth — thus, the only one that can connect to a mobile app. While exciting and innovative, these hardware wallets are not yet integrated with any DeFi protocols.
https://preview.redd.it/yotmvtsl1lg51.png?width=1025&format=png&auto=webp&s=c8567b42839d9cec8dbc6c78d2f953b688886026

Strengths

Let’s take a look at some of the strengths with non-custodial products.
  1. Regulatory arbitrage Because these products are “non-custodial”, they are able to avoid the regulatory burdens that centralized, custodial products must deal with (KYC/AML/MTL/etc). This is a strong practical benefit for a bootstrapped startup/buildedeveloper. Though it’s unclear how long this advantage lasts as products reach wider audiences and increased scrutiny.
  2. User Privacy Because of the regulatory arbitrage mentioned above, users do not need to complete onerous KYC requirements. For example, there’s no friction around selfies, government-issued IDs, SSNs, etc. Users can preserve much of their privacy and they don’t need to worry about their sensitive information being hacked, compromised, or leaked.
  3. Absolute control & custody This is really one of the great promises of crypto — users can become their own bank. Users can be in full control of their money. And they don’t need to bury it underground or hide it under a mattress. No dependence, reliance or trust in any third parties. Only the user herself can access and unlock the money.

Weaknesses

Now let’s examine some of the weaknesses.
  1. Knowledge & Education Most non-custodial products do not abstract away any of the blockchain complexity. In fact, they often expose more of it because the most loyal users are crypto geeks. Imagine how an average, non-crypto user feels when she starts seeing words like seed phrases, public & private keys, gas limits, transaction fees, blockchain explorers, hex addresses, and confirmation times. There is a lot for a user to learn and become educated on. That’s friction. The learning curve is very high and will always be a major blocker for adoption. We’ve talked about this in our Spreading Crypto series — to reach the masses, the crypto stuff needs to be in the background.
  2. User Experience It is currently impossible to create a smooth and performant user experience in non-custodial wallets or decentralized applications. Any interaction that requires a blockchain transaction will feel sluggish and slow. We built a messaging app on Ethereum and presented it at DevCon3 in Cancun. The technical constraints of blockchain technology were crushing to the user experience. We simply couldn’t create the real-time, modern messaging experience that users have come to expect from similar apps like Slack or WhatsApp. Until blockchains are closer in speed to web servers (which will be difficult given their decentralized nature), dApps will never be able to create the smooth user experience that the masses expect.
  3. Product Limitations Most non-custodial wallets today are based on Ethereum smart contracts. That means they are severely limited with the assets that they can support (only erc-20 tokens). Unless through synthetic assets (similar to Abra), these wallets cannot support massively popular assets like Bitcoin, XRP, Cardano, Litecoin, EOS, Tezos, Stellar, Cosmos, or countless others. There are exciting projects like tBTC trying to bring Bitcoin to Ethereum — but these experiments are still very, very early. Ethereum-based smart contract wallets are missing a huge part of the crypto-asset universe.
  4. Technical Complexity While developers are able to avoid a lot of regulatory complexity (see Strengths above), they are replacing it with increased technical complexity. Most non-custodial wallets are entirely dependent on smart contract technology which is still very experimental and early in development (see Insurance section of this DeFi use-cases post). Major bugs and major hacks do happen. Even recently, it was discovered that Argent had a “high severity vulnerability.” Fortunately, Argent fixed it and their users didn’t lose funds. The tools, frameworks, and best practices around smart contract technology are all still being established. Things can still easily go wrong, and they do.
  5. Loss of Funds Risk Beyond the technical risks mentioned above, with non-custodial wallets, it’s very easy for users to make mistakes. There is no “Forgot Password.” There is no customer support agent you can ping. There is no company behind it that can make you whole if you make a mistake and lose your money. You are on your own, just as CZ suggests. One wrong move and your money is all gone. If you lose your private key, there is no way to recover your funds. There are some new developments around social recovery, but that’s all still very experimental. This just isn’t the type of customer support experience people are used to. And it’s not a risk that most are willing to take.
  6. Integration with Fiat & Traditional Finance In today’s world, it’s still very hard to use crypto for daily spending (see Payments in our DeFi use-cases post). Hopefully, that will all change someday. In the meantime, if any of these non-custodial products hope to win in the broader consumer finance market, they will undoubtedly need to integrate with the legacy financial world — they need onramps (fiat-to-crypto deposit methods) and offramps (crypto-to-fiat withdraw/spend methods). As much as crypto-fanatics hate hearing it, you can’t expect people to jump headfirst into the new world unless there is a smooth transition, unless there are bridge technologies that help them arrive. This is why these fiat integrations are so important. Examples might be allowing ACH/Wire deposits (eg. via Plaid) or launching a debit card program for spend/withdraw. These fiat integrations are essential if the aim is to become the bank of the future. Doing any of this compliantly will require strong KYC/AML. So to achieve this use-case — integrating with traditional finance —all of the Strengths we mentioned above are nullified. There are no longer regulatory benefits. There are no longer privacy benefits (users need to upload KYC documents, etc). And users are no longer in complete control of their money.

Wrap Up

One of the great powers of crypto is that we no longer depend on banks. Anyone can store their wealth and have absolute control of their money. That’s made possible with these non-custodial wallets. It’s a wonderful thing.
I believe that the most knowledgeable and experienced crypto people (including myself) will always be active users of these applications. And as mentioned in this post, there will certainly be circumstances where these apps will be essential & even life-saving.
However, I do not believe this category of product is a major threat to Genesis Block to becoming the bank of the future.
They won’t win in the broader consumer finance market — mostly because I don’t believe that’s their target audience. These applications simply cannot produce the type of product experience that the masses require, want, or expect. The Weaknesses I’ve outlined above are just too overwhelming. The friction for mass-market consumers is just too much.

https://preview.redd.it/lp8dzxeh1lg51.png?width=800&format=png&auto=webp&s=03acdce545cd032f7e82b6665b001d7a06839557
The winning bank will be focused on solving real user problems and meeting user needs. Not slowed down by rigid idealism like censorship-resistance and absolute decentralization, as it is with most non-custodial wallets. The winning bank will be a world-class product that’s smooth, performant, and accessible. Not sluggish and slow, as it is with most non-custodial wallets. The winning bank will be one where blockchain & crypto is mostly invisible to end-users. Not front-and-center as it is with non-custodial wallets. The winning bank will be one managed and run by professionals who know exactly what they’re doing. Not DIY (Do It Yourself), as it is with non-custodial wallets.
So are these non-custodial wallets a threat to Genesis Block in winning the broader consumer finance market, and becoming the bank of the future?
No. They are designed for a very different audience.
------
Other Ways to Consume Today's Episode:
Follow our social channels: https://genesisblock.com/follow/
Download the app. We're a digital bank that's powered by crypto: https://genesisblock.com/download
submitted by mickhagen to genesisblockhq [link] [comments]

The most important properties of a CryptoCurrency and why crypto cannot compete with Fiat/USD today. [Thoughtful Discussion]

The dream of bitcoin, at least originally, was to become a spendable currency. One that could replace the use of government fiat currency. However, today there are not cryptocurrency that are realistically good enough to be used in place of standard USD debit cards or cash. So what properties would a cryptocurrency have to have in order for me to be able to stop using USD almost completely? I will attempt to build a list. The lack of any 1 of these properties would make it very, very difficult to replace USD completely.
  1. Ownership/Control/Security - it must be in my control, like bitcoin. Not custodial, like PayPal. Many cryptos offer meet this requirement as it's perhaps the main benefit of crypto.
  2. Cheap to use - I pay minimal transaction fees when using USD to buy things, I wouldn't want to switch to something that's much more expensive.
  3. Easy to Use/Spend - Mobile wallets are important here, because I can't bring my PC and Hardware wallet to the grocery checkout. Must be comparable to Apply/Samsung pay
  4. Instant Settlement - I'll lump in Transaction times and TPS together here. If my transaction isn't final nearly instantly, I just can't to use it to replace USD at the checkout.
  5. Financial Privacy - nobody knows the balance of my bank account or my transaction history when I use USD, and I wouldn't use a system where that info public. Nearly all coins fail this one.
  6. Stable value (or increasing) - When using USD, I know how much purchasing power I have. If I have enough money in my account to pay my rent, then the next day I don't. That's a problem.
There are no cryptocurrencies in existence in existence today that have all of the required properties listed above, and that is why crypto is a competitor to fiat/USD today.
At the risk of being downvoted for mentioning specific coins, I will provide some commentary on some existing projects that attempt to capture these important properties listed above.
If I didn't list your favorite coin, or I am missing any projects with a unique combination of properties, please leave a comment and let me know. Obviously it's impossible for me to know everything about every project out there.
As it stands today, there are no coins in existence that provides all 6 of these required properties, and that is the reason I still use USD for my day-to-day transactions. I could perhaps even look past 1 or even 2 of these properties if they were missing. But even then, few if any crypto projects today are close to providing all or most of these properties.
In my estimation, the ideal USD replacement coin (for me) would look something like DAI + Monero's privacy + Nano's speed and feeless-ness. So for the time being, I can't ditch my debit card.
submitted by UnknownEssence to CryptoCurrency [link] [comments]

How to buy Bitcoin with no ID?

I just bought a ledger nano x, and I want to buy about $4000 in bitcoin for it. I am under 18, though, and am trying to find a way to buy bitcoin with a credit/debit card that doesn't require identity verification. Any suggestions/tips would be greatly appreciated :)
submitted by MichaeljRgs to Bitcoin [link] [comments]

Uphold Card: Released (and supports Nano)

Hi there!
Just sharing the news about the Uphold Card.

https://preview.redd.it/9zsdp90jjpk41.png?width=1200&format=png&auto=webp&s=fe4d8c17f560b2544da53ad76f6ead634817174d

It combines all assets, be it crypto ,fiat or metals. So, if you hold US dollars, gold or Nano, all of them may be used to pay through this card.
Nothing's perfect yet, unfortunately. Nano still can't be deposited or withdrawn directly.
But for our USA friends, this card is available for you.
More info: https://uphold.com/en/debit-card https://cointelegraph.com/news/upholds-new-debit-card-lets-you-pay-with-bitcoin-xrp-and-gold?utm_source=Twitter&utm_medium=social
submitted by guil5566 to nanocurrency [link] [comments]

How secure is paybns card?

I recently joined the Bitcoin trading. And I personally liked the user friendly nature or this application BitBns. It has a relatively high user review score on playstore (even though it asks for govt. IDs) and uses Indian Rupee as it's trading currency.
Coming to the main reason of this post, I saw a advertisement by them which told about their hardware wallet program which they are giving for free. I find the concept very interesting as it can be be used as normal debit card as well.
Since, I have been considering buying a hardware wallet for a while, I wanted to ask if it would be actually secure or not in comparison to Ledger Nano and Tezors which still require a decent investment (atleast in India)
https://bitbns.com/paybns
submitted by KomaPota to Bitcoin [link] [comments]

Explaining lightning network, a fair analogy?

This isn't so much of a shill or a circle jerk as it is a question to whether this is an appropriate analogy to use for describing the lightning network.
I was explaining the LN to someone, what the point of it is, how it's used via a 'one time' fee, an IOU based system until closeout, purportedly a solution for scaling and to reduce congestion on the main chain, a "bitcoin expressway" if you will.
Is it fair to use this analogy; BTC is basically a cold-hard-cash economy. LN comes along essentially as the world's first prepaid debit card, in this world there is no credit, there are no bank accounts. You take your gold coins and give them to a wizard that gives you a piece of plastic in return. You can't spend more than what you put on the network, which gives people the incentive to effectively put all of their money onto this network. Using the LN debit card is great, however, but if you want to interact with someone that doesn't have a debit scanner, you have to close out your debit account, returning your cold-hard-cash, but paying a fee, and likely dealing with high fees and long transaction times (if BTC grows 100X from today, the same scaling problems of December will still strongly be there. LN is only a system for those involved in it).
When I explained it like that to this person, they said, "Wait so Lightning Network is essentially a bank. You put your money in a pool locked up in a platform that favors people that have average to above average amounts of money. The whole idea is complicated and unfair for the entire purpose of cryptocurrencies. Why not just use NANO?" I replied by saying that biggest argument against NANO for now seems that it isn't "battle tested" .. but it seems that's about it.
submitted by PresidentEstimator to nanocurrency [link] [comments]

Weekly news review (July 27-2)

Weekly news review (July 27-2)
How have you been? I guess it's time to deep dive into last week's news.
https://preview.redd.it/5meikrws4le31.png?width=1200&format=png&auto=webp&s=1b2264d3023fc564a88c4da6a7b54ef4624f5c24
The Kazakhstan government has once again issued an advisory to all major local Internet Service Providers (ISPs) asking them to make it mandatory for all their customers to install government-issued root certificates on their devices in order to regain access to the Internet services. The root certificate in question, labeled as "trusted certificate" or "national security certificate," if installed, allows ISPs to intercept and monitor users' encrypted HTTPS and TLS connections, helping the government spy on its citizens and censor content. In other words, the government is essentially launching a "man in the middle" attack on every resident of the country.

Crypto derivatives platform FTX has perhaps the most speculative and oddly-named futures index fund on the market: SHIT-PERP, or the Shitcoin Index Perpetual Futures.
An index of 58 low market cap coins, SHIT-PERP includes projects like Waves, Grin, and Nano. It is flanked by two other low-cap indexes on the site, MID-PERP and ALT-PERP.
Regardless of the index’s name, FTX stands by its product which it launched in June. Speaking to CoinDesk, FTX Chief Marking Officer Darren Wong said the index allows traders and investors to interact with coins in an innovative way. Wong listed three examples:
If you want exposure to a particular initial coin offering, but not the general industry, you can short SHIT-PERP. By shorting the greater alt market, you hedge your bets and limit your downside.
If you want to short low market cap altcoins in general, you can use SHIT-PERP. The indexed future is one of few ways to short low cap alt markets.
If you think bitcoin’s dominance is too high, you can buy all three of FTX’s altcoin futures indexes and sell BTC-PERP, the platforms Bitcoin futures index.

The United States National Basketball Association (NBA) and its affiliated union — the National Basketball Players Association (NBPA) — have partnered with Dapper Labs of CryptoKitties-fame to release a new crypto collectibles game.
According to an official announcement on the NBPA website, the upcoming game is scheduled to launch in early 2020.
The game, called NBA Top Shot, will be a roster-building competitive game that is based on crypto collectibles. According to the announcement, fans will be able to gather live footage of NBA games that can then be used in some capacity to build a competing roster for the game — or to simply be owned and trade as a collectible, as the user chooses.

Fortaleza, a major city of northeast Brazil, will start accepting Bitcoin (BTC) as payment for bus tickets by the end of 2019.
A local transportation service announced an initiative to allow citizens to pay for bus tickets by credit and debit cards as well as Bitcoin and other cryptocurrencies. The initiative purportedly aims to reduce operational costs in the bus ticketing system, the report notes.
The entity, called Cooperative of Independent Transport of Passengers of the State of Ceará (Cootraps), said that passengers will be able to pay for their trips with Bitcoin through their smartphones by scanning a QR code, as first reported by Brazilian tabloid newspaper O Povo.

An iMessage vulnerability patched by Apple as part of the 12.4 iOS update allows potential attackers to read contents of files stored on iOS devices remotely with no user interaction, as user mobile with no sandbox.
The security flaw tracked as CVE-2019-8646 was discovered by Google Project Zero security researcher Natalie Silvanovich who reported it to Apple during May.
The proof of concept Silvanovich created works only on devices running iOS 12 or later and it is designed as "a simple example to demonstrate the reach-ability of the class in Springboard. The actual consequences of the bug are likely more serious."

Let us know what you think!
submitted by rokkex to Rokkex [link] [comments]

Wirex CEO Paval Mateev discusses their plans for cryptocurrency payments (BTC, ETH, LTC, Nano, XLM, XRP, & more) - 2.5 million customers and growing

Video here: https://www.youtube.com/watch?v=Awt-5PE0hLk
My notes are below.
Overview
Company Products and Features
Other Thoughts
Roadmap
Q&A
Appendix
submitted by Qwahzi to CryptoCurrency [link] [comments]

Wirex CEO Pavel Matveev - Wirex's Past, Present, and Future (Nano UK Meetup 2019)

Video here: https://www.youtube.com/watch?v=Awt-5PE0hLk
My notes are below.
Overview
Company Products and Features
Other Thoughts
Roadmap
Q&A
Appendix
submitted by Qwahzi to nanocurrency [link] [comments]

Which bitcoin debit card is best?

I am not sure if I should get the e-coin one, or the xapo one. They look pretty much the same to me in terms of fees...is one better than the other? Better suggestions? Thanks.
submitted by btcsa to Bitcoin [link] [comments]

Nano is for Dummies**

Just kidding.
However, I don't think NANO has a chance in hell to replace Bitcoin which is what many of the Nano moonboys shill ALL the time across Reddit (y'all are relentless and some delusional).
I think the narrative really needs to be more around how NANO can be symbiotic with BTC (as opposed to replacing).
If we think of how, let's compare the two with a traditional Savings Account and a Spending Account. - Savings Account = BTC - Spending Account = NANO You don't ever want to carry a checkbook with you to the store and have a lengthy process for each and every transaction, it's totally inefficient (much like paying for things with BTC). Yet is has the strongest network and security so you want to keep the majority of your liquid wealth stored there (i.e ledger). To solve for this, you have a spending account so you can efficiently transact with convenience (i.e. credit/debit cards, Square, Pasmo/Suica in Japan, Apple/Google Pay, etc).
Nano has the right tech and a probable opportunity to be the best 'Spending Account' for the cryptocurrency ecosystem. Imagine there's a Nano prepaid debit card that can process transactions in milliseconds (Nano/USD real time price trading) doing real-time payments using existing tech like credit card readers or QR codes. Each card has its own wallet and in order to use it, it only requires that Nano is prepaid to its wallet.
Securing a spot in the BTC ecosystem should be a time-sensitive objective. BTC is King along with the top alts that will each serve a specific, unique and necessary use case.
@Nano Team (if you actually read this) - I remain optimistic about NANO and thank you creators ("go build something") for working tirelessly on this amazing tech! You guys rock. It would be great to hear more about Nano's overall Go-to-market plans and retail strategy though. If you don't have anything too robist yet, you might want to consider hiring a strategy and operations executive - I truly think this can be helpful.
submitted by hodlingon to nanocurrency [link] [comments]

Abra Explained!

With the announcement of Abra Global accepting Litecoin along with 19 other great crypto currency projects.
https://twitter.com/satoshilite/status/974445868282650624?s=21
https://twitter.com/billbarhydt/status/974308529451368449?s=21
There have been some mixed emotions. Most, in my belief, due to not fully understanding the product. I took some time to clarify a few things and possibly answer some of the questions you might be having.
Users can deposit money through means of: -US domestic wires for 2-30k per day, no weekly or monthly limits.
-Bank deposit (US & Philippines for now) 1.5-2% Teller Fee for PH Banks 0% Fee for US Banks
-BTC deposit Network Fees
-Credit Card(Amex)/Debit (ACH) transactions More to come) 4% Fee for Amex
Once the funds are on the platform though you can convert fiat/BTC for ANY of the 70 currencies listed including fiat currencies without supported banks yet. You can even exchange fiat for fiat USD -> GBP.
This is possible by means of use of stablecoins. Here is a link to how stablecoins work:
https://hackernoon.com/stablecoins-designing-a-price-stable-cryptocurrency-6bf24e2689e5
TL;DR Stablecoins are paired with a fiat that holds its value relative to a foreign markets rather than a crypto exchange, so the price will not be as volatile. All stable coins are hedged against the market through the use of smart contracts through Litecoin and Bitcoin networks.
Additionally: Abra will pay the difference if you want to cash out fiat stablecoins. (Example: if you put $100 USD into EUR and it gained 6% you would keep the gains, less any fees)
Trading If you would like to trade any of the Crypto Currencies for Fiat, all trades are fee-less (crypto->crypto, crypto->fiat, or fiat->fiat)
Any withdrawals currently only charge 1.5-2% for PH Banks, 0% for US banks, & Network Fees for BTC withdrawals. Users can also do US Bank wire withdrawals
Additional Tip: If you use UnionBank, they can do OTC cash deposits into the app even if you aren't a UnionBank account holder and they do not have fees.
Pros -2-3 Business Day Bank deposit -> 5-7 day Coinbase -Fee-less trading -70 supported currencies (through use of 20 crypto currencies and 50 Fiat stablecoins) -Non-custodial wallet (you control private keys)
Cons -Only US & Philippines Banks/ BTC for deposits -Can only withdrawal via US & Philippines Banks, or BTC -Can not transfer to external wallets -Segwit not activated
KYC can be viewed either Pro or Con, but they do require a KYC. Very small though:
-Name -Country -Email -Phone Number
It took me about 5 minutes to completely sign up, add my bank info and transfer some BTC.
Solutions Abra is working to add more banks in the future, in the meantime users can still hold their preferred currency through the use of the fiat stablecoins.
https://www.abra.com/blog/20-new-cryptocurrencies/
"Abra will be adding native support for LTC & ETH deposits in the coming weeks."
Currently Abra is working on support for transfer from Ledger Nano wallets
https://twitter.com/crypto_trojan/status/974339057927929856?s=20
Segwit support is also on their road map & they plan to have it released within the coming months.
Sidenote: For anyone wondering how they make money. Abra Global make their funds off of the exchange spread which = difference between the sell and buy price via market orders.
Add any questions you might have. I'll try my best to answer them or point you in the right direction.
Ryanfromabra may be able to answer some questions from a customer operations point of view
Maybe coblee, Losh11 might be able to explain more technicals
ecurrencyholder and I have reached out to @billbarhydt on Twitter to possibly set up an AMA and Livestream, to be set at a later date! Stay tuned.
Any supporting links or thoughts are always appreciated! Thanks for your time.
To the moon! 🚀
submitted by Orbitzz1 to litecoin [link] [comments]

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