The Instruction for Creating and Review of Blockchain Wallet

Nowadays there are a lot of different solutions for storing digital coins. Each of them has pros and cons. In this article we will speak about Blockchain Wallet one of the most important of them, and will make conclusions, whether it’s worth your attention or you should choose another solution.

Content
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  1.   What is Blockchain Wallet?
  2.   The procedure of setting up a wallet
  3.   The level of safety
  4.   The cons of Blockchain Wallet
  5.   Conclusion 

1. What is Blockchain Wallet?

Blockchain Wallet is a web wallet for storing two most popular coins: Bitcoin and Ethereum. If desired, it is possible to install an app for iOs and Android, only the web version is fully functional.

It’s the most popular cryptocurrency wallet in the world, as of the time of writing of this article (the middle of October, 2018), more than 25 million accounts have been already registered. It’s different due to clear interface, and the high level of safety. Certainly, these factors are attractive for new users.

The peculiarities of Blockchain Wallet

  • The service cooperates with a lot of cryptocurrency exchanges, that’s why there is a possibility to buy and exchange coins from interface wallet.
  • It is an opportunity to edit commission for making transactions.
  • The high degree of safety of the online wallet. There is a special “safe centre”, where safety measures are taken (installing phone’s confirmation, making backup, changing password, etc).

2.  The procedure of setting up a wallet

For creation of a new Blockchain wallet you need a valid email and two minutes of free time.

  • First click https://www.blockchain.com/wallet and press “Create your own wallet”.
  • Write your mail and think of and remember a password (and a password hint) and just follow instructions.
  • After login, press the button “The inquire”
  • Point what currency you are interested in: BTC or ETH.
  • After choosing your own wallet, indicator will be generated, which will represent a great amount of numbers and letters without gaps.

A wallet supports two coins, it’s important to be attentive and send BTC on bitcoin  and ETH on ethereum wallets. Since it is impossible to cancel a transaction in blockchain, sending coins on wrong wallet leads to losing money.

3. The level of safety

The safety is a very important factor which it is necessary to pay attention to when choosing. Blockchain Wallet can offer three levels of safety.

  1. Initial. It requires the confirmation through mail, where the wallet will send confirmation codes for making transaction or log in. If it discovers any suspicious activity, the service will inform you with a letter. The initial safety level implies pass-phrase which makes it possible to recover the password. If you lose or forget the password from your wallet, you will recover it only with a help of pass-phrase. Without a passphrase even customer support specialists can’t help you, because they don’t have such possibility.
  2.  Middle. It requires two-factor authentication through mobile phone. At every new attempt to log in the service will send a confirmation code on your mobile phone.
  3. Maximal. It is an installation of an additional protection from log in users which use a special anonymizer Tor. It is often used by hackers to get anonymity.

Don’t forget that Blockchain Wallet is a web-wallet, so that we can’t speak about full protection. Since private keys of the wallet are kept on companies’ services, theoretically they can be stolen and all money can be stolen too. A probability of it isn’t so great, but anyway it isn’t a good idea to store all money on this wallet.

4. The cons of Blockchain Wallet

  • There aren’t so many weaknesses in this product, but they are worth mentioning.
  • As it was said below, online wallets aren’t as safe as hardware, which are more suitable for a long term assets saving.
  • Only BTC and ETH are supported
  • The procedure of verification may seem a little bit difficult for new users but it’s only the first impression.

5.  Conclusion

Nowadays Blockchain Wallet is the most popular in the world for storing cryptocurrency. The interface of this service is very convenient and clear even for inexperienced users. As for a web solution, the service has a high safety level. Blockchain Wallet is an ideal solution for storing and transferring cryptocurrency assets.

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When Will Finally Growth Happen? Or Fresh Forecasts of Cryptocurrency Analysts

As we all remember, the 2018th year was far from the best in the history of Bitcoin as well as other cryptocurrencies. For the previous year, the first cryptocurrency slipped from $20,000 to $3,200. As of this writing, one BTC coin costs $3,940.

Perceptible revival in the cryptocurrency market has provoked another dose of optimistic statements from analysts. Let’s take a look at what professional traders and cryptocurrency market experts are saying about the immediate prospects for the Bitcoin rate.

Leah Wald

A professional trader, and in the past, World Bank economist Leah Wald, claims that the rate of the main cryptocurrency will fall to a critical level of $1,500, and only after that, new growth can begin, up to $6,500. But the user with the nickname Filb Filb doubts her prediction and claims that BTC has already “found its bottom” and now only the growth up to $6,000 and higher is waiting for us.

Leah Wald is confident in her forecast, so she decided to make a bet with her opponent – in case her prediction turns out to be wrong, she will have to transfer 1 Bitcoin to the user Filb Filb.

Cane IslandCrypto

An analyst from Texas, who is known on Twitter under the nickname Cane IslandCrypto recently published his own vision of the BTC price behavior in the coming years. So, he believes that a long and confident uptrend is waiting for us:

  • until the end of 2019, the BTC course will be $7,800;
  • in 2021 – $28,627;
  • in 2023 – $93,382;
  • in 2026 – $471,532.

He is confident that the bear market is over and only growth is waiting for us in the coming years.

Canaccord Genuity CapitalMarkets

A group of leading analysts of Canadian financial institutions Canaccord Genuity CapitalMarkets has a similar opinion about the rate of the first cryptocurrency. They believe that in two years Bitcoin will return to its peak values and go higher.

To create the own Bitcoin price chart, analysts were guided by historical data for 6 years (from 2011 to 2017). After analyzing the behavior of BTC, they came to the conclusion that at the moment the price of the asset has already “found the bottom”. And in the near future, the BTC course should start its growth.

Conclusion

If we analyze this information, we can conclude that the mood of market participants is beginning to change for the better. So far, the Bitcoin rate shows growing, even though slow: in recent months it has grown from $3,200 to $3,940 and continues to ascend. The nearest psychological mark is at the level of $4,000 – $4,100.

We will closely follow the latest news from the cryptocurrency world. If you always want to stay up to date with the latest events, then follow the updates on our website or subscribe to us on social networks.

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Bitcoin Overcame Psychological $4000 Mark: Rate Chart

The weekend begins well: today on March 16th, 2019, Bitcoin rate broke another psychological mark of 4 thousand dollars.

Half-hour graph from cryptocurrency exchange Bitstamp Source: TradingView

In the graph above we can see that not only Bitcoin has increased, but also trading volume. As expected, almost all the coins followed Bitcoin.

Source: Coinmarketcap

This is exactly how Top-10 cryptocurrencies looks like. Bitcoin Cash showed the maximum growth in the last 24-hours, it managed to grow by 14%, the second place in the growth dynamic takes Litecoin with 6,61%.

What is it – the final verge of a trend or another market manipulation? We will follow developments and provide you with the latest information.

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TOP 5 Most Convenient Applications To Use And Work With Cryptocurrency

Cryptocurrency is one of the most promising and growing industries in our modern world. It is becoming more and more valuable to our society, as well as to the nations’ economies and banking systems, since people prefer more convenient ways of trading and transferring money. We therefore offer you to look at top 5 apps that the most convenient in using and working with crypto.

1. Keymano

Keymano is a top wallet that provides a customer with a myriad of opportunities. It’s very convenient, fast and secure. Managing crypto or fiat money through Keymano wallet is easy. Using Keymano wallet anyone can sell, buy or send crypto on the go. It is user-friendly and straightforward.

Connect Keymano Card and Wallet to get even more functions. This Card allows you to make payments online and in-store. Moreover, the user can withdraw cash at any ATM terminal.

Keymano is a fully-featured product which not only simplifies managing crypto but also creates more ways to use it. With Keymano any transaction (from buying coffee to money exchange) is simple and always available in any part of the whole world. Having Keymano you can:

  • pay with crypto in any part of the world;
  • pay with BTC, ETH, etc;
  • manage multiple currencies in one App;
  • pay online or in-store using Keymano Card.

2. 365Сash

365Cash is a platform that provides services to users in different countries by organizing P2P transfers of digital assets. By the time of publication, the platform overcomes 850,000 cryptocurrency swaps. Such a big number extols this platform over others on the market. The service also possesses the following features:

  • Its own large ecosystem which uses nodes for cryptocurrencies and works automatically.
  • The most favorable rates for customers. The service earns on the difference in sales rates due to a large flow of customers and hedging the risks of cryptocurrency fluctuations.
  • Fully automatic system of receiving and paying funds to customers using the most popular payment system in Russia – Qiwi.
  • In future, it is planned to expand the pool of available cryptocurrencies.

3. Quppy 

Quppy is multicurrency payment system with unique cross-platform applications.The wallet provides users the ability to share crypto assets via different accounts inside one single wallet as far as within a decentralized storage system. By the end of the month, users will be able to withdraw money in euro. The platform also have some interesting features:

  • Sharing all your crypto assets through various accounts on one single platform.
  • Superior security for users based on blockchain technology.
  • Fast cryptocurrency exchange and instant transactions;
  • Multicurrency support including Bitcoin, Bitcoin Cash, Litecoin, etc.
  • Integration of Nexo – a service of the world’s fastest instant credit.

4. Chatex

Chatex is a platform that makes transfers, exchanging or paying for goods much more easier for every customer. Cryptobanking facilitates access to the use of cryptocurrency for those who have never had a cryptocurrency wallet and who do not want to understand difficult passwords, 12 words, etc. The service eliminates the possibility of loss of big passwords or phones, since it allows you to regain access during a personal appearance to the certification center. Unique feature are:

  • The wallet is protected by an additional PIN-code and in exchange transactions between people.
  • Instant internal transfers without commissions. Instant purchase with any VISA/MC.
  • Respond quickly to digital assets management requests from your smartphone.

5. Waves

Waves is revolutionary mobile app which enables users to connect to the network and make transactions. It is a comprehensive, all-in-one app for mobile devices with an absolutely unique feature set that includes a crypto wallet, the Waves DEX, and fiat gateway. The biggest advantages of the platform are:

  • All traffic is encrypted, hence privacy and security are fully provided. Private keys never leave users’ smartphone and are never exposed to the web.
  • Supporting Face ID, Touch ID and Fingerprint scanning.
  • Trading on DEX, with the great tools and charts, it provides access to fiat and crypto gateways, so the customer can deposit, store, trade and withdraw other assets.
  • The customer can send tokens to one’s address book contacts, lease one’s WAVES, receive warnings about suspicious tokens and burn any spam assets he/she doesn’t want.

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Baksman: Fast And Instant Cryptocurrency Exchange

Trading is nothing without buying and selling, the same goes to cryptocurrency. Thousands of crypto related people conduct tens of transactions every day. What do they need most? Of course, it is a fast and instant exchange – Baksman. So, let us dive into the speed and accuracy of the best exchange across the Europe and Asia.

Advantages of the Baksman exchange

Baksman is a crypto platform which provides exchanges in all the most demanded directions, if the customer is not satisfied with the proposed ones, the platform is ready to separately consider other fronts. The Baksman exchange is the official partner of the payment systems, such as PerfectMoney, ADV cash, Payeer, Capitalist. Their capabilities include working in rare directions like ePayments services, banks of Kazakhstan and it is not the limit. The service is constantly improving and upgrading its functionality. The platform is able and is ready to provide individual support for a client.

One of the biggest advantages of Baksman is a non-stop work. The exchanger works 24 hours a day and 7 days a week. The average processing time for transactions takes 5-15 minutes. More importantly, the technical support is always online and ready to answer any questions; the assistance is provided regarding to the functional wallets and other systems. Thus, no matter problem you have met, you can easily find to solve it.

In order to make the customer even more satisfied, the Baksman team has developed an app on the Android and IOS platforms, which can be downloaded and installed on a smartphone.

For EXMO Exchange users, the platform has allocated a separate direction of EXMO codes with the top list of cryptocurrencies. Users do not need to send funds to the network to transfer them and wait for confirmation of the transaction in the network, he/she just should create an Exmo code and transfer it to the service for exchange. It is very convenient and fast.

Comfortable Coin Converter

The platform offers you an extremely convenient calculator estimating how much you get if you spend a particular sum of money or crypto. The service provides options for:

  • 24 crypto coins, like Bitcoin, Ethereum, Litecoin;
  • 20 EPS, including Yandex Money, QIWI Rub;
  • 16 banks, such as Raiffeisenbank, Alfa Bank, Tinkoff.

Stylish design and fast calculating will make your experience of exchanging assets unforgettable.

Referral Program and Discount System

The project offers its partners a referral program which includes two layers giving the opportunity not only receive income, but attract referrals. If the user refers to the first level of referral, he/she will get 0.6% of the turnover, if second level, the income payment will accumulates for 0.2%. All you have to do is to become a partner Baksman and you will get your revenue.

In addition, Baksman has developed a discount system. What is more pleasant, that it is cumulative. Its value is determined by the total amount of operations performed by the participant for the entire time of using the resource.

If you still hesitate, please, follow the link and find more information about this exchange.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

Samsung Pay Will Or Won’t Add Cryptocurrency: Report

Samsung Electronics Inc. has not even filed an official statement yet, while the South Korean news outlets are already speculating Samsung Pay will integrate crypto in Galaxy S10.

Samsung Pay in Korea

Samsung Pay is a mobile payment service launched by Samsung Electronics in the middle of 2015. In the same year, Samsung Pay bought LoopPay for $250 million which allowed users to process payments on point of sale (PoS) terminals. Moreover, that acquisition helped to invent MST (Magnetic Strip Technology). Later, Samsung Pay announced about launching LoopPay Valet – a low cost contactless payment IoT device.

From 2017 the use of Samsung Pay among the South Korean people has been growing instantly, exceeding 6.6 million users, that is 12% of the whole nation population.

Source: Wiseapp.co.kr

As we can see from the picture above, the most popular app in the South Korea is Youtube. The second place is occupied by Samsung Pay which proves that the power of such application is big in the country.

Many analysts think that if Samsung Pay integrates cryptocurrency inside, that will be a hit.

Samsung Pay’s Crypto Integration

The rumours about Samsung Pay implements crypto wallet in its app started in late January, when The Korea Herald published an article. One month before an official statement, industry sources claimed that Samsung Pay is behind the Galaxy S10’s cryptocurrency wallet, and that it can begin the cryptocurrency adoption in the country.

On March 8, one of the largest mainstream media outlets in South Korea, Donga, published a report  “Crypto, Flying Away With Samsung Pay on its Back?” saying that Samsung Pay allegedly integrate cryptocurrency to expand its user base internationally. It also says that it will strengthen Samsung Pay as a fintech platform. However, there is no official statement of Samsung Electronics regarding this issue.

The report says:

“Samsung Pay has recently extended the transaction period for overseas users and integrated an international payment processing service, aggressively targeting the global financial services market. At this phase of development, if a cryptocurrency wallet is added to Samsung Pay, the application will be strengthened as a complete fintech platform. Currently, the Samsung Blockchain Wallet is said to be supporting Ethereum but more cryptocurrencies are expected to be integrated in the near-term.”

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Cryptocurrency Prices Today, March 12: Cryptocurrencies Remain Stable

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

According to the online platform Coin360, Bitcoin (BTC) remained stable over the past 24 hours and slightly increased in price by 0.04%. The price at the time of writing is $3893 per coin.

For the most part, cryptocurrencies are showing growth:

Bitcoin Cash added 0.6%, Bitcoin SV lost 1.4%, the value of coins is $128 and $65, respectively;

Ripple dropped by 0.4% and costs $0.31;

EOS gained 3%, and its price is $3.71;

Litecoin added 3.2%, and its value is $56;

Cardano increased by 5.7%, and its cost $0.047;

Stellar lost 4.6% and costs $0.10;

IOTA grew by 1.4%, and its value is $0.28;

Dash increased by 4.4%, and its price $84;

Monero added 2% and costs $50.

Over the past 24 hours, Ethereum added just 0.2%. The rate of the coin is $133.

The total market capitalization is $134 billion. Bitcoin accounts for 51.4% of the total volume. In monetary terms, this is $69 billion.

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