Pros and Cons of the Most Popular Ways to Buy Cryptocurrency

Though cryptocurrencies is quite popular topic for discussion, the number of people in the world who possess them is negligible. Many people think that it is too difficult to buy and store Bitcoins or other coins and therefore do not even try to become a part of digital economics. In this article we will tell about the most popular ways to purchase cryptocurrency. After reading this material, you will be sure, that to buy virtual coins is not difficult at all.

Content:
(please, click the topic to scroll down to it)

  1. To buy cryptocurrency through a wallet
  2. To buy cryptocurrency on an exchange
  3. To buy cryptocurrency through an exchanger
  4. To buy cryptocurrency using a mobile application
  5. To buy cryptocurrency for cash
  6. Conclusion

1. To buy cryptocurrency through the wallet

If you use a multi-currency wallet, then most likely it has a built-in currency exchange function. To do this, you need to find the section “Exchange” or “Change” and select the exchange currencies you are interested in, for example USD/ BTC, JPY/ ETH, etc. After that, it is necessary to choose a convenient payment method and complete the transaction. Thus, in a few minutes it is possibly to become an owner of cryptocurrency.

Pros:

  • Intuitively clear interface;
  • High speed;
  • A wide range of payment systems for transaction;
  • Reliability and safety.

Cons:

  • High commissions;
  • Often not profitable rate.

2. To buy cryptocurrency on an exchange

Lately a huge number of cryptocurrency exchanges have appeared on the market, where you can literally sell and buy the necessary crypto-coin in one click. There are exchanges which support fiat currency. In this case after registration, you only need to replenish your account, and only after that to purchase the necessary cryptocurrency for this money.

Pros:

  • A wide range of cryptocurrencies;
  • A possibility to purchase at a favorable rate;
  • A wide range of payment systems.

Cons:

  • Exchange commissions;
  • In a case of a heavy workload, there are possible time delays.

3. To buy cryptocurrency through an exchanger

A work principle of cryptocurrency exchanges does not differ from the standard exchange offices in which it is possible to convert fiat money. For making an exchange, it is needed to go to site of a service and select necessary currencies, then click on the “exchange” button and pay an order. Exchangers can be found on the bestchange.ogr.

Pros:

  • High conversion speed;
  • Wide range of payment systems;
  • Wide range of exchangers.

Cons:

  • Not the most profitable course
  • Limited reserve of free funds;
  • High commissions;
  • There are pretty many scams.

4. To buy cryptocurrency using a mobile application

This method is ideal for people who appreciate convenience and comfort, and don’t want to sort out details. You simply install a mobile application on your smartphone (for example, Bitxfy, BitcoinCore, BitPlay, Coinbase), open it and enter the amount of coins you want to buy. After that, you simply pay using Internet banking, and coins are credited to your wallet, which is automatically created after registration in an application.

Pros:

  • High security;
  • High speed.

Cons:

  • It is possibly to buy only btc, sometimes eth;
  • Purchase limits;
  • Limited payment options.

5. To buy cryptocurrency for cash

You have the opportunity to purchase a virtual cryptocurrency using cash. This can be done in several ways:

  1. To use a cryptomat;
  2. To find an exchanger which has a physical office.

Pros:

  • A possibility to buy digital coins without having any electronic money.

Cons:

  • Such exchangers can only be found in large cities, and cryptomates are generally considered a deficiency in our time;
  • High commissions;
  • Limited exchange amounts.

6. Conclusion

As you may have noticed, there are many ways to purchase cryptocurrencies. It is not that difficult to buy cryptocurrencies in 2018 – absolutely any average person is able to do that. It’s not even necessary to have a bank card for it.

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Cryptocurrency Prices Today, February 21: Is Cryptocurrency Declining Again?

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coin360 online platform, Bitcoin (BTC) has lost 0.72% over the past 24 hours. The price at the time of writing is $3934 per coin.

Cryptocurrencies show a slight downward trend:

Bitcoin Cash lost 2.15% over the past 24 hours and now costs $140 per coin;

Ripple decreased by 2.21% and costs $0.32;

EOS added 1.77% and its price is $3.78;

Litecoin fell by 0.21% and its price is $48;

Cardano lost 4.29% and its value is $0.044;

Stellar decreased by 1.71% and costs $0.088;

IOTA added 2.48% and its cost is $0.31;

Dash minus 0.8% and its price is $85;

Monero has become cheaper by 1.8% and costs $50.

Over the past 24 hours, Ethereum remained stable, decreasing slightly from time to time. The course of the coin is $144.

The total market capitalization increased to $133 billion. Bitcoin accounts for 52% of the total. In monetary terms, this is $69 billion.

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Elon Musk: Bitcoin Is Good, But Not For Tesla

Elon Musk has recently made a statement showing his attitude towards cryptocurrency and financial world as a whole. He supports Bitcoin, yet, it will not bring good for Tesla.

Elon Musk is a well-known technology entrepreneur and engineer with a fortune of $22.8 billion, he projects, like SpaceX, Tesla, PayPal, cover different areas of live, meanwhile they are competing to other companies at a high level. Musk is also a socially active person, he likes to post tweets sharing his thoughts about what is happening in the world. Though, sometimes it may bring consequences, like it was in July last year, when the SEC sent a request to Tesla regarding tweets of Elon Musk.

Furthermore, he freely expresses his attitude towards cryptocurrency. Once he even claimed how many Bitcoins he actually possessed. The Twitter community blowed up every time when Musk speaks about cryptocurrency. For instance, in October 2018, Elon posted a tweet about his love for anime and offered a subscriber to buy Bitcoins.

Twitter even blocked his account for a certain period of time to make sure he was the author. So, this time the world has gone mad, when Musk expressed his feelings about financial system and Bitcoin, in particular,  in the podcast “On the Road to Full Autonomy With Elon Musk.”

“Paper money is going away. Crypto is a far better way to transfer value than pieces of paper, that’s for sure,” he said. “Bitcoin’s structure is brilliant but I don’t think it would be a good use of Tesla’s resources to get involved in crypto.”

Furthermore, Musk added that Bitcoin has its pros and cons, yet, what he is really concerned about is crypto mining, to create one Bitcoin, people use high-powered computers to solve a complex math problem.

“We’re really just trying to accelerate the advance of sustainable energy, and I think one of the down sides of crypto is that computationally it’s quite energy intensive. There had to be some kind of constraints on the creation of crypto. But it’s very energy intensive to create slightly incremental Bitcoin, at this point.”

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Cryptocurrency Prices Today, February 20: Bitcoin Is Growing Steadily

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coin360 online platform, Bitcoin (BTC) added 1.1% over the past 24 hours. The price at the time of writing is $3958 per coin.

Cryptocurrencies are in a stable green zone:

Bitcoin Cash added 0.46% over the past 24 hours and costs $145 per coin;

Ripple increased by 0.53% and its cost is $0.33;

EOS raised by 12% and its price is $3.95;

Litecoin grew by 6.5% and its price is $50;

Cardano plus 1.8% and its cost is $0.046;

Stellar increased by 4.7% and costs $0.091;

IOTA added 1.7% and its value is $0.30;

Dash grew by 0.3% and its price is $87;

Monero became more expensive by 1.1% and costs $52.

Over the past 24 hours, Ethereum has lost 0.17%. The coin rate is $146 per coin.

The total market capitalization is $135 billion. Bitcoin’s share is 51.7% of the total. In monetary terms, this is $69 billion.

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Interview with Marco Robinson: Bitcoin is the Best Performing Asset of All Time

Nowadays pretty much everyone has an opportunity to become a successful entrepreneur and investor. With the emergence of cryptocurrency and blockchain, perhaps it has become even more accessible.

Today, we invited to talk Marco Robinson a man who not only managed to become a world-famous investor, but also created a number of successful projects. An Award Winning Entrepreneur, Prime Time TV Star, Philanthropist, #1 Bestselling Author, Winner of the iProperty People’s Choice Awards Best Real Estate Company, World Renowned Property Investor, and Restaurateur he knows how to make money work for you better than anyone.

Hello, Marco. First of all, let’s discuss your success as an investor. At what point in your life did you start investing in real estate, and why this particular area was one of the first you chose?

I first invested in real estate fairly late in life at 40 years old after I had a great business success and had quite a bit of money I didn’t know what to do with.

It was an interesting time in 2009 as it was the subprime crisis, I discovered properties were very cheap especially in the USA, and I found that fascinating so I started to study what made Real Estate go up and go down and wondered why this happened continually…I got so into this I decided to write a book about property cycles and what made them do that and I developed an algorithm based on four main drivers that triggered property price increases, they were:

  1. Cycles (economic cycles) for example in the UK there is a proven 18-year cycle
  2. Population growth. (Rent prices and property increased basically supply and demand.
  3. Structure plan. (What they are gonna build in the area, for example, new manufacturing, schools, etc)
  4. Local and individual property taxes & including friendly states and governments (some taxes are so high you can easily get negative cash flow)

When did you first learn about the blockchain technology, and how did it help you in the development of your projects?

I was introduced to Bitcoin in 2015.

I saw as a real threat to the banking system which I liked very much and after some detailed research discovered it was a genuine reaction, I felt, to the US sub prime crisis which made 40 million people homeless. I loved the security of it and especially it’s decentralization, that it could not be shut down and the founder very cleverly could not be identified.

I was also looking for a loyalty solution to connect all my businesses including my restaurants, my cosmetics, my property, my travel, my education and film companies, a currency everybody could use that I could keep within my own eco-system, so I could keep my clients loyal and grow my client based with the best value proposition in the market place. That currency I created is called NAKED DOLLARS and is now listed on LATOKEN.

Besides NKD, what do you think about investments in cryptocurrency in general?

It’s a brand new sector and to be frank not even the end of day one yet. A lot of cowboys presented a fabulous whitepaper in 2016 and 2017 and made a fortune off speculation…2018 saw a massive correction and the crypto market lost 80% of its value in one year because of this and because not many people had a real product.

It is here to stay, only just yesterday JP MORGAN created their own cryptocurrency, governments are creating their own, they have to as the FIAT CASH currency system is not sustainable, a new debt system has to be created or the majority of the world will go bankrupt.

Bitcoin is the SAFEST currency in the world, it cannot be hacked, it has no founder, no company, no office, and no assets, yet it is the best performing asset of all time increasing 350,000% in ten years! You cannot ignore it at all!

Are there any startups in the cryptocurrency world which you have invested or would like to invest in?

There are very few I would because of the losses in 2018. New projects don’t just have to have great technology, they must have great founders with great track records in business and great profiles in terms of influence.

How do you feel about buying, for example, real estate for Bitcoin?

I’d rather keep the bitcoin it gives a higher return potentially. I would rather use other cryptocurrency like Ethereum to buy real estate.

However I also use a profit strategy, so when I make great profits in bitcoin I will buy real estate as real estate gives me great cash flow.

In what areas, do you think, the use of blockchain technology is necessary?

I think it’s critical in pretty much every industry to prove the origins of each product or service and the security of it, especially in supply chain businesses such as gold and diamond mining to supply to make sure they are not conflict diamonds etc. I also love the adoption to health and medicine, for example, if someone has an accident one drop of blood or even a thumbprint can track the entire medical history of that person in seconds and the perfect medication can be administered!

You are a well-known philanthropist and are famous for your good deeds for the homeless and the needy, because you know very well what it feels like to not have a home. Let’s talk about an 18-year-old teenage mother Holly, a part of the TV Show “Get a House for Free.” Have you thought about not just “giving a fish” to people, but also trying to “teach people to fish”, that is, to give the needy the knowledge of how to “get back on their feet”?

I’m already now doing that with FREEDOMX, www.freedomxmovement.org where I have created a new charity social impact program where the victims of homelessness are rewarded on a merit based philosophy: “I help you if you help someone else” this is CONDITIONAL ALTRUISM, so we only help them if they want to be helped and IF they want to be microfinanced for a coffee shop on a bicycle, for example, they have to be certified and trained which lowers risk and creates a new economy for people to thrive in.

In what areas besides real estate, restaurant business, TV-shows would you like to or plan to realize yourself?

I’m making my first Hollywood movie “legacy of lies” next month, I helped fund the whole movie and my profits will be going to help the homeless

You can see the trailer here:

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CryptoMining.Farm Scam: 30 Victims Lost $1.34 Million

Thirty people have filed complaints to Thailand’s Technology Crime Suppression Division stating that they were victims of crypto mining scam, they allegedly lost 42 million baht ($1.34 million). The police thinks that the amount of victims can be bigger.

According to the victims’ words, the leaders of the scam convinced them to invest money into CryptoMining.Farm, a blockchain-mining website. One anonymous victim said to the Bangkok Post that one of the leaders promised investor an impossibly high return – 70% a year.

The victims signed contracts when they entered the website, the documents said that a customer may withdraw money at any time he/she wanted without any additional condition. However, the situation has changed since August. The victim stated that:

“From August the owner began imposing conditions for withdrawing the money. Then at the start of this month, the site announced it would start paying back investors in 84 installments which would take over seven years to complete. The payments were supposed to be made in foreign currencies [which] is not permitted by Thai laws.”

After a preliminary investigation, the police is sure that not 30, but 140 people became victims of the scam. Moreover, it can be related to a big scandal which happened in August 2018, when a popular Thai actor and his siblings stole about 797 million baht ($25.5 million).

According to the Bangkok Post, the company has two official offices in Bangkok and Chiang Mai, which may make the victims think that the company’s operations are legal.

Thailand treats digital money with caution and tries to regulate it. The Thai Ministry of Finance even issued a document last year where all the country’s cryptocurrency activities were regulated, including the taxation of participants of crypto market.

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Cryptocurrency Prices Today, February 19: EOS Has Increased By More Than 20%, BTC Approaches At $4000

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coingecko online platform, Bitcoin (BTC) added 4.1% over the past 24 hours. The price at the time of writing is $3896 per coin.

Cryptocurrencies are growing rapidly:

Bitcoin Cash added 11% over the past 24 hours and costs $145 per coin;

Ripple increased by 8% and costs $0.33;

EOS raised by 21% and its price is $3.57;

Litecoin grew by 6% and its value is $47;

Cardano plus  7% and costs $0.046;

Stellar fell by  9% and its price is $0.087;

IOTA added 7% and its cost is $0.30;

Dash raised by  8% and its price is $87;

Monero became more expensive by 5% and costs $51.

Over the past 24 hours, Ethereum has added 5.6%. The coin rate is $146 per coin.

The total market capitalization is $132 billion. Bitcoin’s share is 51.8% of the total. In monetary terms, it is $68 billion.

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