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Coinbase!

Coinbase Review

WE’RE PRETTY MUCH THE SPIRIT AIRLINES OF CRYPTOCURRENCY EXCHANGES.

— Coinbase (New Slogan).
Buy and sell digital currency.

Coinbase, available to users in over 55 countries as of 2019, is the world’s largest Bitcoin broker. Customers can buy bitcoin with a connected bank account, debit card, SEPA transfer, Interac Online, and many more payment methods.

PROS

  • High liquidity and buying limits
  • Easy way for new users to buy bitcoin
  • Instant buy available with credit card as backup

CONS

  • Limited payment methods
  • May track how its users spend bitcoin

Is Coinbase safe?

Coinbase is the world’s largest Bitcoin exchange, so this is a common question.

Yes, Coinbase is a Bitcoin company based in San Francisco, and backed by trusted investors.

Coinbase is the world’s largest Bitcoin broker, and also offers an exchange, wallet, and developer API.

On this page we’ll review Coinbase and its brokerage, exchange, and wallet.

Note: Cash held in Coinbase wallets are FDIC insured up to $250,000.

How Does Coinbase Work?

Coinbase’s simple interface aims to make it easy for first-time buyers to purchase bitcoins.

The most popular payment methods for Coinbase customers are buying with a credit card or debit card, and also using a bank transfer.

There’s a full guide at the bottom of this post that shows you how to buy on Coinbase using a credit card.

Coinbase.com

Does Coinbase Support Your Country?

Coinbase offers its brokerage services in the United States, United Kingdom, Canada, Singapore.

Coinbase also supports the following European countries:

Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Gilbraltar, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, and United Kingdom.

In North America, Coinbase supports Canada, the USA and Mexico.

In South America, Coinbase only supports customers in Chile via debit card payment.

Is Your Privacy Kept While Using Coinbase?

Users must provide full identity verification and many personal details.

You will be required to take a picture of your driver’s license or passport if you are purchasing with a credit card.

Limits & Liquidity

Coinbase offers very high limits. Limits depend on your account level, which is determined by how much information you have verified. Fully verified U.S. customers may buy up to $50,000 worth of bitcoin daily.

European customers may have a maximum of €30,000 euro in their account at any time.

How Fast Does Coinbase Send You Bitcoins?

The time it takes for the bitcoins to arrive in your wallet and be spendable depends on your country and payment method used.

United States

Debit Card: If a credit or debit card is used, delivery of bitcoins is instant once ID verification as been completed.

Bank Transfer: U.S. customers will receive their bitcoins five business days from placing an order when using bank transfer. “Instant Buy” becomes possible if a credit card is added to the account as a backup payment method.

Instant buy will allow fully verified users to buy up to $1,000 worth of bitcoin per week. Level 2 users with instant buy are able to instantly buy up to $100 worth of bitcoin per week.

Canada

Canadian EFT purchases take four days to complete.

Interac Online purchases are instant!

Europe

European users paying with SEPA transfer will receive bitcoin within 1-3 days.

Customer Support

Coinbase has a knowledge base and email support.

Coinbase “Community” can be used to ask questions and get support help.

Past Issues

There have been reports that it tracks how its users spend bitcoin.

CoinPayments Review: Crypto Payment Processor Guide

CoinPayments is a crypto payment processor and gateway that makes it easy for businesses to accept payments in over 1,300 cryptocurrencies.

They have developed simple payment technology such as website plugins, APIs and Point-of-Sale interfaces that allow vendors to accept a plethora of coins and tokens. This approach has seen them grow their market share globally as crypto adoption is has taken off.

However, is CoinPayments safe and are they worth it?

In this CoinPayments review, I will attempt to answer that. I will give you everything you need to know about this service including a step-by-step guide for you to start using them.

CoinPayments Overview

CoinPayments was begun in 2013 in Vancouver Canada and it offers payment processing for businesses. Business can use the service to accept Bitcoin and more than 1,340 other altcoins easily and with a small 0.5% fee. Plus the merchants have access to a host of easy to use POS interfaces, APIs and website plugins.

CoinPayments boasts nearly 2.5 million vendors using their service across 182 countries. It is clearly the most comprehensive merchant payment platform for Bitcoin and other cryptocurrencies.

Coinpayments Overview

They are extremely convenient for online merchants especially, thanks to the number of easy-to-use shopping cart plugins available for use with all the leading shopping cart solutions. There are literally dozens, including WordPress plugins, WooCommerce, OpenCart, Magento, Shopify and more.

They even offer merchants the use of POS terminals to accept payments in person.

Those are just a few of the reasons that CoinPayments has become the most popular cryptocurrency payment processing service in the world.

CoinPayments Features

In addition to the great integrations available for merchants, CoinPayments has a vast array of other features that have helped it become the most popular solution for merchants looking to accept cryptocurrency payments. Here are a few of those features:

Multicoin Wallet

CoinPayments also offers an online wallet that can be used to store the more than 1,340 supported coins. This is the wallet where the crypto that you earn will go.

Because it is an online hot wallet it is recommended to use it for large amounts or for long periods of time. You will want to move the coins into your own wallets for cold storage.

Point-of-Sale System

Through the simple CoinPayments’ interface merchants are able to accept in-person payments for their goods and services. You can even head on over to their Merchant page and use a demo version of it.

Example of PoS Coinpayments

Example of the Point of Sale System

All you will need to do to accept payments through the site is to bookmark your POS checkout URL. You can then input the amount that the customer has to pay and you can select the coin in question. This will generate the address and the QR code.

Warning⚠️: If you are going to accept payment with 0 confirms, make sure the amount is right.

GAP600 Instant Confirmations

There is no point using a payment gateway if you have to wait for 6 network confirmations before it is credited. Thankfully though, Coinpayments supports GAP600 instant confirmations.

Coinpayments has been partneredwith GAP600 since June of 2017 and have been using the service ever since. GAP600 has developed technology that is able to instantly guarantee transactions against the risk of double spend.

Essentially, their internal risk engine can analyse the incoming transactions and perform live risk scoring on it. Since implementing the solution, over 85% of all transactions made on CoinPayments are able to complete instantly.

Dozens of Shopping Cart Plugins

We talked about these above, and CoinPayments offers shopping cart plugins for all the popular web shopping carts. You can see a list of all the supported shopping cart solutions here.

Coinpayments Plugin Integrations

Some of the plugin integrations at CoinPayments

Including WordPress, PrestaShop, Drupal and Magento, Coinpayments has a plugin for nearly every CMS on the market. These are also really convenient as you only have to install the plugin without any knowledge of coding them up.

Automatic Coin Conversions

CoinPayments can automatically convert some coins to fiat currency or other coins, without any hassles, saving you both time and money. This is done through their ShapeShift integration.

ShapeShift is one of the most well known instant exchanges on the market. Given that they are non-custodial it means that your coins are not stored on their servers. They merely operate as a conversion service and they will send coins directly to your destination address.

Note✍️If you are going to use this exchange feature then you will have to complete ShapeShift’s compulsory KYC requirements. You can find out morehere

Fiat Currency Settlement

Despite how much we would like a world that is dominated by crypto, most businesses still have to rely on fiat currency for their day-to-day expenses. Hence, CoinPayments has an effective fiat settlement system.

For those merchants who are located in the US and in the European Union, you can get seamless fiat integration where USD and EUR can be sent directly to your bank account.

Vault Service

This is a cold storage alternative to the standard hot wallet that we mentioned above. If you would prefer not to store your own coins and private keys online then you can make use of the CoinPayments Vault service.

Essentially, when you select this, your coins are stored in the cold storage vault and they are locked up for a certain period of time. Of course, nothing really beats holding your own keys but this could be a convenient alternative.

AirDrops

AirDrops can sometimes be a contentious issue on custodial services as exchanges and payment processors. There are many exchanges, for example, that will refuse to credit airdropped coins to users.

Thankfully though, CoinPayments will fully credit user’s accounts with the airdropped coins. This means that you do not have to worry about the often-complicated process of claiming these coins in your offline wallet.

CoinPayments Mobile App

CoinPayment has developed both Android and iOS apps that can be used to access and manage your account, convert coins wherever you are, and accept in-person payments.

CoinPayments iOS App

CoinPayments Mobile app in the iTunes Store

The app has received generally positive feedback on the Google Play Store with a total rating of 3.7. What is even more encouraging than the ratings though is the responsiveness of the developers. They get back to all users immediately and take the feedback constructively.

$PayByName

This is a unique feature which can greatly simplify the process of receiving payments. It allows a user to send / receive payments without having to copy any of the long form wallet addresses.

$PayByName on the other hand allows you to use a simple human readable address form within the CoinPayments ecosystem. For example, if the Coin Bureau wanted to receive Bitcoin, instead of using our long form Bitcoin address:

1Jp7uJjQZmvDKvqb6Gcs3sF8BYZw9Q6EQL

We could simply accept payment to $CoinBureau. This address would be pre-assigned, verified and applied to only us. This means that someone could easily remember it and send us crypto without having to store our long form address.

CoinPayments Fees

CoinPayments says they are the cheapest crypto-payment service in the world. Nearly all incoming payments and deposits are subject to a fee of only 0.5%. The ASAP/Nightly service forwards funds to an external address and is also subject to the usual coin transaction fee.

In addition to that, there are wallet fees for some services. Conversions carry the coin transaction fee and any partner fees. Withdrawals are subject to the coin transaction fee. And deposits to the wallet are free up to $15,000 equivalent value monthly, with amounts above that subject to the 0.5% fee.Note ✍️: CoinPayments will subsidize withdrawal fees at a flat rate of 0.00040000 instead of the full TX fee (only applies to withdrawals).

The CoinPayments fees are actually quite impressive. For example, if we were to take a look at BitPay, their biggest competitor, they charge a 1% processing fee. It is is also worth noting that BitPay only accepts Bitcoin compared to the plethora of coins on offer at CoinPayments.

The CPS Coin

In July 2018 CoinPayments began airdropping CPS coins which are the utility token on the CoinPayments platform. There are a number of benefits that come from using the CPS coin:

  • Payment Processing Fee Rebate:Any balance of CPS coin in your account will mean that you can earn a 50% rebate an all the fees that you pay to CoinPayments.
  • Double Affiliate Commissions: If you refer users to CoinPayments then you will earn an affiliate commission. Usually, this is set at 25% of the fees earned by that affiliate. However, if you take payment in the CPS coin then you will earn double that amount.
  • Coin Integration: If you work on a cryptocurrency project and would like to have your coin integrated into CoinPayments then you can pay the integration fee in CPS.
  • $PayByName Purchases: When you use the CPS token you can make $PayByName purchases which streamlines the process for users.

Currently, the CPS coin is not listed on any exchange and can only be purchased through the CoinPayments platform. This is one of the reasons that the CoinPayments team is trying to increase adoption for it.

You would also be interested to know that the CPS coin was not built on top of Ethereum like most tokens, but was instead built on the Syscoin blockchain. So, like paying for ETH transactions with Gas, you will have to use a similar method when sending CPS on the Syscoin network.Pro Tip✔️: Make sure that you have a bit of SYS in your account to cover these CPS transaction fees. 

CoinPayments Step-by-Step Guide

Now that you have a fair idea of what CoinPayments is and its main functionality, it helps to know exactly how to set up your CoinPayments account and wallet. The below is a handy guide that will show you the exact process as well as the best settings to receive the coins.

Step 1: Create a New Account

The first step to use CoinPayments is to register an account with them. You can create either a personal or enterprise level account.

CoinPayments Create Account

Creating a CoinPayments Account

After filling in the form and clicking “Register” you’ll receive an email from CoinPayments. To complete the registration simply click the activation link in that email.

You’ll be directed to login and after entering your username and password you’ll receive a code sent to your email to complete the login process.

Enter Your 2FA Settings

Verifying your Account Details

You will also be surprised to know that there are no KYC and identity verification requirements at CoinPayments. Unless you are going to use the ShapeShift coin exchange functionality then you can take crypto payments as intended – anonymously.

Step 2: Choose Payment Methods

Once logged in you can set up your Merchant Account or Wallet. Given that you want to start accepting cryptocurrencies, we will be setting up a merchant account.

Merchant Account CoinPayments

Ready to start setting up your wallet / account

When you choose the Merchant Account the first step will be to select your payment methods. There are four options of how to select payments. These include:

  • All supported Coins: You could accept all coins that CoinPayments supports. While this does give your customers choice, it does leave you with the risk of accepting less desirable coins
  • Selected Coins: If you only really want to get particular coins from your customers then this is perhaps your best bet.
  • Coins with Auto Convert: This option will auto-convert into particular coins that you choose. You will, however, have to use the ShapeShift exchange integration service.
  • Fiat Settlement: With this option, you can accept coins but payment will be made in fiat to the bank or PayPal account of your choice.

Which payment method you accept really does depend on your businesses’ individual requirements. CoinPayments suggests that you opt for the simplified select coins option.Pro Tip 💯: You can use the PayPal Passthru service to allow your customers to either pay with Altcoins or PayPal. With a PayPal payment, it will go straight to your PayPal.

Step 3. Configure Your Merchant Account

Once you have accepted the payment method that you would like to use then you can start to configure your wallet. Here you will choose the destination address for the coins as well as your conversion settings. You can also integrate your fiat settlement platforms here if this is something you plan to make use of.

Coin Acceptance Settings on CoinPayments

Configuring Coin Acceptance Settings

Once that’s all set you’ll be taken to the integrations section, where you can set up shopping cart plugins, payment buttons, APIs, the POS system and more. You can also move over to the merchant tools section for a more comprehensive selection of customization options.

If you are stuck at any point in the process then you can always make use of their extensive FAQ section. However, if your query is more specific in nature and related to your account then you will have to contact their support desk. CoinPayments operates a ticket support system that which you can raise from within your account.

Step 4. Start Accepting Crypto

You are now ready to start taking cryptocurrencies!

If you are using CoinPayments on your site then you may want to place their logo in your footer. This will show your customers that you are able to accept crypto. Here is an example that you can use:

CoinPayments Accepted

Showing customers you accept Crypto

You could also include some of the coins that you are willing to accept just below that to further reinforce the point to those who are not too familiar with CoinPayments.

Conclusion

With six years of serving merchants and nearly 2.5 million merchants registered to use their service, CoinPayments is undeniably safe and a legitimate payment processing service.

There are obviously complaints online regarding the unfortunate XRP thefts from 2017, but that’s nearly 2 years past and there’ve been no repeat incidents. In addition to that, CoinPayments was very quick to respond to the incident, patching the exploit, keeping users updated, and quickly refunding all stolen funds. They responded professionally to the incident and have taken steps to secure their platform and avoid any repeat incident.

While the incident was unfortunate it’s also important to understand the security risks inherent in cryptocurrencies, and that the technology remains in its infant stages.

The best way to avoid any such incident is to avoid using online hot wallets if at all possible. CoinPayments has a cold storage vault that can be used, or with their ASAP service payments are sent to an external address rather than to the CoinPayments online wallet.

Merchants who want to accept cryptocurrencies have an easy way to do so with the CoinPayments platform. Your business can be one of the first in your industry to adopt this world-shifting technology and to increase your customer base by doing business in cryptocurrency.

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Paybis WW Revenue Share

Paybis.com is a Digital and Cryptocurrency exchange, founded in 2014 by Inokentijs Isers and Arturs Markevics. They were later joined by Konstantins Vasilenko, who left his job as a PMP-certified IT Senior Project Manager at Accenture and joined Paybis Company as the COO in its early stages.

The goal of Paybis is to allow any person around the globe to buy, sell or exchange crypto and digital currencies in a quick, easy and hassle-free fashion. We aim to give everyone a bundle of options to work with digital, fiat and cryptocurrencies. Our customers can take advantage of our extensive list of supported currencies for both depositing and withdrawing, as well as more and more additional features, such as payments cards, our referral program and so on.

Paybis has a competitive advantage due to our range of features. These include 24/7 live customer support, an easy and intuitive user interface, state-of-the-art security, quick transaction processing time, a referral program with tons of promo tools, a payment card to withdraw any of your digital or cryptocurrency, support for most popular Gift Cards and many more cool features. Our friendly agents will guide you throughout the whole process, from choosing your Bitcoin wallet to selecting the best payment method, and they will also walk you personally through the verification process. Our customers rate Paybis as ‘Excellent’ on Trustpilot.

To ensure that your experience on our website is as smooth as possible and fully compliant with required regulations, we have collaborated with key players in payment processing, as well as automated AML and KYC industries.

free web site traffic and promotion

Best and Highest Paying Bitcoin Faucet List

You are probably already aware that Bitcoin Faucets are websites that give you little pieces of Bitcoin for free. In return for answering simple questions and/or completing easy tasks while browsing their websites, they send you your free coins. The same applies to other altcoins as well. If all of this sounds interesting to you, then you must certainly be interested in the highest paying bitcoin faucet. Keep reading, and discover the best and the most reliable faucets.

Free Bitcoin Faucets

The very first thing you need to do is to check your browser settings to turn off the ad blocker. Otherwise, when you claim your earnings, it is likely that you will not be paid. You should remember that the whole faucet system is based on ads. Bitcoin faucets work by paying out tiny fractions of a BTC in exchange for loading a page full of ads. Other sites pay coins for watching videos or doing tasks. So, if you don’t watch ads/videos, you won’t be paid! Nobody will tell you this at the beginning; only when you make a claim after spending time on one of those faucets.

Before you start you should choose a Bitcoin wallet and register there in order to get your bitcoin address and be able to receive BTC after you earn them on the faucet.

If you want to make a decent amount of Satoshis (1 Bitcoin = one hundred million satoshis), you should register on multiple faucets and plan on dedicating some of your time to it every day.

Registration

It is pretty easy to create an account on a faucet:

  1. Enter your Bitcoin address on the homepage
  2. Log in to your faucet after clicking the submit button.
  3. Some services will require you to enter your email and create a password to complete the registration.

Here are a few tips that might be helpful for the newbies in the world of the cryptocurrency faucets:

Tip 1: 

Faucets do not allow you to claim coins immediately after the previous claim. So you will have to wait for some specified time before you can claim bitcoins again. 

Tip 2:

Select a micro wallet as a default payment method on faucets if it is available. This way the earned bitcoins can be transferred to your micro wallet after you reach the minimum withdrawal amount. This will save on transaction fees before sending money to your main wallet.

Faucets

Let’s take a closer look at our choice of the best Bitcoin faucets where you can collect a lot of BTC

1.Freebitco.in

FreeBitco.in is the king of Bitcoin faucets. In addition to giving you Bitcoin for free, you also get it stored for you in a very nice wallet, complete with 2FA and low transaction fees. They also feature free reward points, free lottery tickets, and generous referral commissions. Not enough? Need more? Well, they pay interest on your balance daily, provided your balance is above 30,000 Satoshis (APR of 4.08%, compounded daily). You can also try your luck in their Multiply BTC gambling game, where you can win even more Bitcoin.

Free Bitcoin is owned by a Bitcoin mining company. (In fact, if you wish, you can earn even more Bitcoin by “lending” your CPU to help their operation.) However, this website is not a mining site, or an investment site. It is a Bitcoin faucet that features games, a weekly lottery, and lets you get bitcoins (Satoshis) every hour. Since their inception in late 2013, FreeBitco.in has grown such that there are now over 18 million users, has shelled out over 130,000 Bitcoins, and has over 100 million visitors each month.

As we said before, the referral commissions are generous. You will get 50% of whatever your referrals get hourly. And, get 25% of what they earn in interest. As you can tell, the passive aspect of this website will become more important to you over time.

(Note: Our resident Freebitco.in expert says, “Don’t discount the importance of the Rewards Points. Your performance will greatly improve when you master the use of them!”).

2. Moon Bitcoin

Moon Bitcoin offers bonuses or incentives, to keep users claiming bitcoin. This faucet (and its sister sites MoonDoge.co.in and MoonLiteco.in) is unique in that it adds 1 Satoshi to its payout every few seconds. These faucet bonuses allow users to accumulate bigger payouts. Below we have listed the bonuses that the platform provides:

  • Loyalty Bonus – Loyalty Bonus – Claiming BTC at least once a day results in an additional 1% for each consecutive day, up to a maximum of 100%. EX: visit 5 days in a row that’s a 5% bonus on every claim.
  • Referral Bonus – Referral Bonus – For every person a user refers to the site, it adds a percentage point, 10 referrals = +10% on every claim. The user also earns 50% of all claims made by their referrals! This entices users to get their friends to sign up, which enhances Moon Bitcoin traffic.
  • Mystery Bonus – Mystery Bonus – is a random bonus that can significantly increase your payouts.

3.BonusBitcoin

Bonus Bitcoin eliminates the risk of poor capitalization by grouping together many faucets together under one brand. What’s special about this platform, is that it doesn´t limit the time a user spends earning bitcoins (some faucets may force you to wait 10-15 minutes before repeating a task). Here, you can complete the limit on one faucet and then move on to the next one. It is also one of the highest-paying 15-minute faucets around.

Click here to visit www.bonusbitcoin.co

4.Daily Free Bits

Daily Free Bits has a very clean look. Nothing too fancy, just the ability to earn up to 1,200 Satoshi every hour, 25% of rewards from people you refer to the site and instant payouts when you hit 3,500 Satoshi.

Daily Free Bits actually receives more than 250k visits per month (which is exceptionally high for a Bitcoin faucet), so they’re doing something right. There is also a page on the site linking to various other forms of Bitcoin faucets – sites for earning after performing tasks, mining sites and other regular services as well. And they use a Faucet box as a payment method.

Click the following buttons to register and claim free Bitcoins.

Summing up

Free Bitcoin Faucets are a great way to help introduce new people to Bitcoin. Many faucets provide information to newbies as well as offering them some free coins so that they can try before they buy, experimenting with a test transaction.

Get Bitcoin Wallets for free

CoinHits Review

Very easy to use so placing ads is straightforward. There is a lot of Bitcoin websites to choose from and good deals if you browse through the site list. One of my favorite ad networks that seems to convert better than others

Put your Banner Ad up today!

CoinHits is a simple BTC ad network that works using a pay-per-day system. Publishers add their websites, ad spaces and set minimum bids. Advertisers then bid on the ad spots and receive a share of the ad space proportionate to their bids. We’ve made it easy so you can get your ads running without wasting time.

  • Step 1: Create an Account
  • Step 2: Make a Deposit min. 0.001 BTC
  • Step 3: Bid on the Sites you want to Advertise!

Deposits are credited after 1 Confirmation, and Banners are approved instantly. Your ads go live as soon as the bid is placed. New Ads are saved to your account, and later you can load your saved Ads when you bid on new sites. No more waiting days for your campaigns to start! 

How does it work?

As an advertiser you will set your bid for each ad space you want to advertise on. The higher the bid the greater share of the ad space you will receive. Monitor your current Bids and Pause/Resume your ads at any time. 

As a publisher you set up an adspace on your website. Then choose the minimum bid amount for each spot. If your site is showing unique views and clicks then you will appear in the public site list for even more exposure. 

Best Solution!

This truly is the best system for advertisers and publishers. If no bidders we will display with Network Pool Ads, if none available we will display your site offers page. This will give your site the Most Income!

Lowest Fee!

CoinHits fee is 10% only while other networks are taking up to 20%! This will give Publishers 10% more earnings than what they can do from other networks. 

Advertisers

Target your ad only to the websites you pick and pay-per-day. 
Or place one ad on the whole network sites quickly! See why advertisers love using CoinHits for optimal conversions.

Publishers

Set up an adspace on your website and let advertisers bid for a share of the time. When you have no bidders or CPC advertisers. you will get shares of whole Network advertising to stay earning almost all of the time.

CoinHits is your solution to get maximum results! 

Superorder Review: Crypto Trading Terminal with Automation

Superorder is a next-generation trading platform that works with some of the biggest crypto exchanges on the planet. The platform offers crypto traders badly needed tools, and some interesting new ideas for trading cryptos.

Crypto trading has caught on in a big way, but many of the exchanges simply don’t offer some of the most basic trading features that almost every other trading platform in the established financial community includes.

It might seem like the features that a trading platform offers aren’t that important, but they can make or break a trade. Features like trailing stops and limit orders are commonplace in the established financial world, but in the world of crypto trading, they can be hard to find.

Superorder Review

Superorder has created a trading platform that can easily interface with numerous crypto exchanges, and make trading on them a lot easier. It also allows its users to create automated trading algorithms with ease.

Superorder Trading Platform

There is no doubt about it, Superorder has created a trading platform that fills in the gaps for cryptocurrency traders. At the moment Superorder works with Binance and Bittrex , and the team at Superorder is working on adding support for other major crypto exchanges.

The world of cryptocurrency is decentralized, which was a big selling point to the first generation of crypto adopters. Many people liked the fact that there is no counterparty who ensures the stability of the cryptocurrency system (like central banks in the established financial system), but the lack of centralization isn’t ideal for traders.

Superorder Features

Major crypto exchanges do trade with each other, but those connections aren’t as solid as the ones that exist in the global stock markets. Traders will get different amounts of liquidity based on the exchange they use, which can be problematic for larger orders, or when markets move quickly.

Superorder address this challenge, and also built a slew of useful (some would argue necessary) features into its platform.

Advanced Market Tools

Superorder added features that every trader can use to its platform. Additionally, the platform offers traders increased functionality with options like longer chart periods and portfolio tracking. Here are some of the useful tools that Superorder offers its clients.

Superorder Order Types

Trading with simple buy and sell orders might be ok for hobbyist traders, but advanced traders need access to better order types. Superorder added limit orders, like take profit and stop loss to its range of trading tools.

If you want to be able to walk away from your trading terminal, and not worry about coming back to see your account at levels you thought to be impossible, stop-loss orders are necessary. The same thing goes for take profit orders, which is why they are built into almost every trading platform in the established financial system.

Superorder also includes trailing stop loss orders, which are extremely useful for trend following trading strategies. Once a trade goes your way, and you add to your position, it can be a lot of work.

A trader has to constantly update their stop loss levels so that a major swing won’t wipe out accumulated profits. That means sitting at a terminal and moving the stop-loss orders up manually. Trailing stop losses make this a lot easier by automating the process.

Automated Trading Strategies

Superorder created a tool that allows traders to easily automate their trading with no coding whatsoever. By using a simple, visual interface, traders can combine numerous functions in any way that is logically possible.

The automation tool can use the following commands:

  • Market Buy
  • Market Sell
  • Stop Loss
  • Wait for Rate
  • Rate Change
  • Limit Buy
  • Limit Sell
  • Sell Trailing Stop
  • Buy Trailing Stop

Let’s say you want to automate a common trading technique that has been making you money. Instead of having to code it into your trading terminal, it is easy to lay it out using Superorder’s automated trading tool.

All of the actions are represented as blue balls, and you can connect them visually on a two-dimensional plane. Once you have made your automated strategy, just press play and it will take over from there.

Starting and stopping the new automated trading strategy is also simple. It is just a matter of pressing play or pause, and the strategy will begin trading or wait. You can then save the strategies that work for you, or even share them with other Superorder users!

How To: Launch a Trading Strategy With Superorder

The trading strategy builder that Superorder offers its clients is a breeze to use. To begin, you will need to connect your exchange trading account by entering the API keys in the settings section of Superorder.

Account Settings

You can then visit the terminal and being creating your strategies.

Strategy

All you have to do is follow these simple steps:

  1. Start by creating a new template for your strategy
  2.  Then name the strategy, choose something that fits its purpose
  3. Press the + button to add the first element. Wait for Rate is a common first element
  4. Now, specify the coin pair, the operator (>, >=, <., <=), and rate you want
  5. The next element you add will probably be Market, Limit Buy or Sell
  6. Now just specify how much you want to buy or sell of any given coin pair
  7. If you want to, you can modify the strategy with other orders like Stop Loss or any Fork

Once you complete these steps, your automated strategy is ready to deploy to the exchanges. All you have to do is press play, and the automated strategy will do the rest!

Keep in mind that Superorder’s platform is capable of running more than one automated trading strategy at a time so you can trade multiple markets automatically without a problem

Trailing Stops Can Make You More Money

It can be tempting to lock in a profit and take your position out of the market. If you are using an exchange’s trading interface, it might be a better idea to close out a position, as many don’t offer advanced order types that can help boost your trading profits.

Superorder included trailing stop-loss orders for its clients, and they can make a big difference in your trading. Once a position becomes profitable, trailing stop-loss orders can be activated (or will become activated if you set them up).

Trailing stop loss orders will automatically move your stop loss levels up (or down, if you are short) as the market moves. Once the market stops going in the direction that is making you a profit, the stop loss level will cease to move. If the market moves in the opposite direction, your position will be sold at a level that you choose.

There is no reason not to use trailing stop loss orders if you are trading based on market momentum, and they can help you to make more money on your winning positions.

Useful Superorder Features for Anyone

Superorder also built a few handy features into its platform that will be welcomed by just about anyone who invests or trades in cryptocurrency.

One of the most useful tools that Superorder includes is a portfolio management tool that will allow you to see your entire crypto portfolio at a glance. Instead of having to look through each exchange that you use, Superorder lets you look at all your positions at once (on the exchanges they support).

Having a one-stop portfolio view is extremely convenient, and allows you to spot any positions that have grown too large, or losing trades that might have gone unnoticed.

Longer Time Frame Charts

Charting is one of the most important tools for any trader, but many of the crypto exchanges simply don’t give traders enough in terms of long term charting ability. Superorder has addressed this problem and gives its clients charting ability that is on par with other professional trading platforms.

The world of cryptocurrency trading is still young, and Superorder is helping to fill in some of the gaps that keep traders from giving their best. Longer term charts mean a better picture of how markets have reacted over the last few years, which may help traders to make better decisions.

Superorder Fees

Anyone can signup to Superorder and make use of their 14 day free trial, after this period you will need to upgrade to a paid account. Their Pro account then costs $19.99 per month or $190.99 per year ( saving you $48.89 ) and includes the following :

  • 10 simultaneously running strategies
  • Extended chart timeframes
  • Access to 2 exchanges
  • Priority email support
Superorder Fees

If you need more than that, you can contact them and they will create a custom plan for you which starts at $500 per year.

Conclusion

Superorder packs a lot of functionality into its fully featured crypto trading platform. It is still being developed, and other big cryptocurrency exchanges are likely to be added to the platform soon.

For traders that need access to a suite of professional-level tools, Superorder makes a lot of sense. The people who designed the platform seem to understand what traders need, and built a platform that gives cryptocurrency traders the tools that are available in the established financial markets.

The only real downside to the platform is that is doesn’t work with some of the most popular crypto exchanges out there, like Coinbase. Once Superorder grows a little bit more, and adds more exchanges, it would be hard to find any flaws with it.

Even as it stands today, Superorder is a great trading platform. The automation tools that Superorder developed are extremely useful, and it will be interesting to see what else Superorder adds to the platform in the future.

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COINEXCHANGE.IO Review 2019 – Accepted Countries, Payment

CoinExchange is a medium sized cryptocurrency exchange that offers purely crypto to crypto trading services. The exchange focuses on simplicity and security. While not much is known about the people behind the exchange, CoinExchange is still popular among many cryptocurrency investors as the exchange offers the largest selection of altcoins for trading

The best part of their selection is the fact that these coins are not based on any of the main cryptocurrencies such as Bitcoin or Ethereum. You can purchase any of their offerings in any combination that you wish without having to purchase Bitcoin first and convert it to the coins that you wish.

To initiate a purchase on CoinExchange, you need to first make sure you have the funds in your account to carry out the transaction. After you have made a deposit, proceed to the account balance page.

Next, look for the coin that you wish to use to make your purchases with. You either do this by typing the name of the coin or its ticker symbol in the search field. Once you have located the coin that you want to use and the coin that you wish to purchase from the list on the left side of the trading screen, click on the selected pair. By clicking on the selected pair, you will be directed to the Order book for this cryptocurrency pair.

Select the price that you want to buy at from the “Sell orders” section. You can either type in the price manually into the buy order or click on the price on the “Sell orders” section to automatically fill in the price for your buy order. After filling in all the fields, submit your Buy Order by clicking on the “Submit Buy Order” button. The Buy order will be completed as soon as the system locates a matching Sell order and the transaction will be updated on the ticker tape. Normally the process can be completed quickly if you selected a price from the “Sell Orders” section. Your purchase will be indicated on your account balance page.

At present, CoinExchange supports over 300 different types of cryptocurrencies.

Deposit and Withdrawal Options

Since CoinExchange doesn’t deal with fiat currencies, deposits and withdrawals are solely through cryptocurrencies wallets. To initiate a deposit, go to the Balance section under the “My Account” tab and select the coin that you wish to deposit. Once you have located it, click on first the “Action” tab and then the “Deposits” tab.

Next, you have to generate the wallet address to send the coin to by clicking on the “Generate New Address” button. Once the deposit is completed, you can check its status under the “Deposit” section. Take note that for some coins, the deposit might take a little while to show up.

Withdrawals from CoinExchange are also initiated in a similar manner as for deposits except that now you withdraw instead of making a deposit. A withdrawal request can be canceled anytime before you click on the link in your confirmation email that was sent to you. Once you can confirm the withdrawal, then you will no longer be able to cancel your withdrawal.

Fees and Charges

CoinExchange charge a flat fee of 0.15% for buying as well as the sale side of the transaction. Overall, the fee is considered mid-range when compared to what other cryptocurrency exchanges are charging.

As for the deposit and withdrawal fees, there are generally no fees imposed on deposits. However for withdrawals and since they have to undergo confirmation, there is the fee for every request. Typically, the fee for BTC withdrawals is 0.00150000 and 0.01000000 for LTC.

Privacy and Security

Since the exchange deals solely in cryptocurrencies, the exchange does not require their account holders to verify their identity. There is also no specific limits imposed on these unverified accounts as well.

In terms of the exchange security, CoinExchange keeps all the funds under its system in cold storage. For the clients, the exchange offers 2-factor authentication for security.

Customer Support

Customer support at CoinExchange is in the form of a comprehensive help desk and support ticket system.

Pros and Cons

Pros

  • Anonymous trading permitted
  • Huge selection of supported coins
  • No Limits on withdrawals
  • User-Friendly Exchange

Cons

  • Does not support fiat currencies
  • No transparency

FAQ

  • How do I open an account at CoinExchange?

Click on the “Register” tab and then fill in all the fields of the registration form such as email address, Username, and Password.

  • How do I make a withdrawal?

At your “My account” page, click on the “Balances” page. Choose the coin that you want to withdraw, enter the amount to withdraw, the address to withdraw to and click “’Process Withdrawal’”.

  • How do I make a deposit?

At your “My account” page, click on the “Balances” page. Choose the coin that you want to deposit. On the Deposit page, generate an address to send your coin to. Once, you have the address, simply send the coin to the new address.

  • I have not received my withdrawal confirmation email yet.

If after 30 minutes you have not received your confirmation email, first check your Junk/Spam folder. If there is no confirmation email, then the withdrawal will be canceled after an hour. We suggest that after the cancellation of the initial withdrawal attempt that you try again a bit later.

Conclusion

Overall, the quality of the services offered by CoinExchange seems pretty decent. However as there is virtually no information about the people behind this exchange, there exists a trust issue which the exchange needs to overcome first before it can hope for more people to sign up for its services.

BetMoose Review – prediction betting with bitcoins

BetMoose is a new and very unique Bitcoin gambling site that has the potential to start a trend for the cryptocurrency. While the site is most certainly a gambling site, it is not a casino, and while it includes betting on sporting events it also wouldn’t be classified as a sportsbook. What the BetMoose team has designed is a completely innovative method of Bitcoin gambling and it appears to be a major pioneer of a new Bitcoin space. 

Overall Experience

BetMoose has a very clean and fun website that works very well with their new idea for Bitcoin gambling. The site is very simple to use, and although it is still in BETA, there are improvements being made all the time. The people behind BetMoose certainly have a great personality that they have instilled into the site giving players the ability to bet on anything they could think of and have fun while doing so. A quick read through of the site’s FAQ page (where the site’s name is traced back to the founders’ Canadian roots as well as their belief in the epic nature of moose) shows that BetMoose has a light and fun vibe while also presenting a very inventive Bitcoin gambling experience.

betmoose website

Betting

BetMoose has implemented an entirely innovative form of Bitcoin wagering that covers everything from Bitcoin itself to sports to politics. The site boasts an infinite amount of wagering possibilities and considering the bets are pooled together there is also a fun peer-to-peer gambling experience as well. You could wager Bitcoins on anything you could imagine, and if other people around the world are willing to bet on it as well, then the experience grows with each new wager.

Each user may either place a bet on an existing user’s bet, or host their own. The beauty of BetMoose is how users can bet on actual competitions such as sporting events like the Super Bowl or entertainment events like the Academy Awards.

BetMoose becomes a greater experience as more users bet on a specific event. This broadens the scope of the peer-to-peer experience, gives the bet better odds and of course a much larger pot of Bitcoins for the victor.

There is also an added incentive for hosting bets as opposed to simply wagering on other’s bets. The more successfully resolved bets you host, the more commission you make as your rise up BetMoose’s hosting levels.

betmoose-bets

Some examples of bets

Security

BetMoose’s security begins with its two-part authentication system when registering for the site. The funds collected from every made to BetMoose are stored offline for better security, and the same goes for bigger deposits from its users.

Other Features

While the site doesn’t offer bonuses or promotions, there is one major aspect that stands out for BetMoose – the Hall of Fame. Not only is a ranking system a great way to retain users, it also is a fun feature that undoubtedly many BetMoosers are proud of.

The rankings are based on a rather substantial formula as follows: TP + (ROI x TW) + (Accuracy2) x (TW/10) (where TP = total profit, ROI = return on investment, TW = total wagered and accuracy is expressed as a decimal). The table fully expresses each of these categories and players are ranked with their usernames, hosting levels, avatars and nationality flags presented for all to see.

Conclusion

The bottom line is that BetMoose is not only a fun and interesting new method of Bitcoin gambling but it is also a step in the right direction for the entire Bitcoin space. Giving users the ability to wager Bitcoin on anything they can come up with is a great way to help Bitcoin integrate into the mainstream and make it more than just about casinos when it comes to gambling.

The site is simple and easy to use without seeming being lacking and has a fun vibe to it overall. The security measures will help retain players and the infinite betting possibilities will make sure they tell their friends about BetMoose.

KeepKey Hardware Wallet Review – A Beginner’s Guide From KeepKey Review

KeepKey is one of the top 3 hardware wallets around today (along with TREZOR and Ledger). In this post I’ll review the wallet from head to toe and also share my personal experience with it.

KeepKey Review Summary

KeepKey is a cryptocurrency hardware wallet that supports over 40 different crypto assets. It is beautifully designed, easy to use and comes at an affordable price.

When comparing it to its main competition (the TREZOR One and Ledger Nano X), it still lacks the coin support and company reputation. Overall KeepKey is a solid hardware wallet.

That’s KeepKey in a nutshell. If you want a more detailed review of KeepKey keep on reading, here’s what I’ll cover:

  • What is a Hardware Wallet?
  • KeepKey Company Overview
  • KeepKey Design and Unboxing
  • KeepKey Supported Coins
  • How to Setup KeepKey
  • KeepKey Price Tag
  • Conclusion

1. What is a Hardware Wallet?

In 2013 a new type of cryptocurrency wallet has emerged – the hardware wallet. Basically, a hardware wallet is a piece of hardware that stores your private keys and is not connected to the Internet. This way a remote attacker won’t be able to steal your coins. If you want a more detailed review about different types of wallets watch our complete wallet tutorial:  Due to the way hardware wallets are designed, it’s possible to use them safely even with computers infected with malware. The first hardware wallet to reach mass Bitcoiner adoption was TREZOR with the TREZOR One. Later on came the Ledger Nano S, and finally came Keepkey. Even though today there are multiple companies that manufacture hardware wallets, these three still remain the top choice for crypto enthusiasts.

2. KeepKey Company Overview

KeepKey was founded by Darin Stanchfield in 2015 and is headquartered in the US. KeepKey acquired the Bitcoin wallet Multibit in 2016, and was later acquired itself by Shapeshift on August 2017. The company is headed by Darin as the CEO and Ken Hodler (yes, Hodler is his actual name) as the CTO.

3. Keepkey Design and Unboxing

The first thing you’ll notice when you get your KeepKey is how exciting the whole unboxing process is. You can tell that a lot of thought was put into the packaging and product design. The box comes with a KeepKey seal which shows that no one has opened it before you, indicating that the device is secure. The content of the box includes the KeepKey hardware wallet, a USB cable to connect the KeepKey wallet to your computer, a card to write your recovery sentence on and a nice leather case to keep that card in. It may sound stupid but KeepKey’s sleek design and cool digital animation makes the experience of using it feel much better than other hardware wallets. The device itself also feels much more durable than the competition. Even though you won’t be able to walk around with it in your pocket unnoticeably, like you would with a TREZOR or Ledger, you still need to remember that this is a hardware wallet which is used to store large amounts of Bitcoin – so why would you want to walk around with it in the first place? The device uses the same 2nd screen protection that TREZOR and Ledger use which makes it more secure to keystroke spying.

4. KeepKey Supported Coins

Falling a little short of its competitors, KeepKey supports 40 different digital assets. The main supported coins are: Bitcoin Bitcoin Cash Bitcoin Gold DASH Dogecoin Ethereum Litecoin For reference, TREZOR and Ledger support over 1000 assets each. For the complete list of Keepkey supported coins click here.

5. How to setup Keepkey Setting up your KeyKey for the first time is pretty similar to any other hardware wallet. You’ll need to download the KeepKey client from the Chrome web store, connect your device and follow the instructions you see on the screen. The whole process, including adding PIN protection and writing down your recovery seed takes about 5 minutes. Here’s how it’s done: You can also use KeepKey with other software wallets like Electrum and MyCelium. Since Keepkey was acquired by Shapeshift, there’s also a built in crypto to crypto exchange inside the wallet so you can easily trade between cryptocurrencies as shown below: 

6. KeepKey Price Tag When KeepKey first came out its price tag was extremely high ($239). Since then, the company decided to reduce it to a much more reasonable and competitive $79, making it one of the most affordable hardware wallets out there (similar to the TREZOR One).

7. Conclusion

The guys at KeepKey did a great job with creating a beautifully designed, user-friendly hardware wallet. If you don’t mind the size, this is a cool product to own. With more coins supported by the device and greater company presence in the Bitcoin ecosystem, KeepKey can definitely overtake its competitors place in the future.

BITPANDA Review 2019 – Accepted Countries, Payment Methods

BitPanda is a cryptocurrency exchange based out of Austria that primarily services the European economic area. The exchange was founded in 2014 and has since grown to be one of the most common cryptocurrency exchanges in Europe for the purchasing and selling of Bitcoin. The exchange is very attractive to many as it provides a very intuitive and easy to use interface for buying and selling cryptocurrencies. As well, the exchange offers a wide variety of payment options that make it easy for beginner cryptocurrency enthusiasts to buy cryptocurrencies like Bitcoin.

Contents

Regulations

The BitPanda cryptocurrency exchange is not regulated by any reputable regulatory authorities. However, this is nothing to worry about as most other cryptocurrency exchanges have managed to become regulated. As the cryptocurrency industry gains mainstream adoption, governments will impose regulations and many cryptocurrency exchanges like BitPanda will likely become regulated.

Reliability

Though BitPanda is not a regulated exchange, the company is still highly reputable and has had very little to no complaints since its launch in 2014. There has never been any hacks or loss of funds incurred by the BitPanda exchange, and the majority of users have nothing but good things to say about the BitPanda cryptocurrency exchange. Also, the exchange won an award in 2016 for being a successful startup company.

Trading Platforms

The trading platform offered by BitPanda is very simplistic and limited in the services and features they provide. Basically, the platform can only be used for the buying and selling of cryptocurrencies at the current price. Traders can only use the platform for exchanging fiat currency for cryptocurrency and vice versa. The platform is not used for analyzing charts or market data, but rather for simply buying and selling cryptocurrency. That being said, the trading platform is very well designed and easy to use. BitPanda does a very good job at providing an intuitive interface for beginner cryptocurrency investors to buy and sell cryptocurrencies.

BitPanda Mobile Trading

BitPanda does not have a downloadable mobile application, but because the trading platform is web-based, the platform and website can be used on mobile devices. The whole trading platform and website are fully optimized for mobile devices such as smartphones and tablets. However, the platform is much easier to use on the desktop version and does not even have as many features available for the mobile version.

Trade Types/Instruments

BitPanda is a very simple cryptocurrency exchange that is geared toward beginner cryptocurrency investors. Therefore, the exchange only offers a limited number of cryptocurrency assets. See the available cryptocurrencies below:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Dash (DASH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Ripple (XRP)

Each of the above cryptocurrencies can be purchased with Euros and Euros only. Upon payment with another currency, users will incur the current exchange rate on top of the price of the cryptocurrency. The trade types are very straightforward as traders can only buy or sell their cryptocurrency at the current price. There are no stop losses or limit orders available to execute the order at your preferred rate.

Account Types

BitPanda offers their traders three types of accounts, each with different limitations and levels of verification requirements. See the account types overviewed below:

Starter Level

  • This account only requires users to verify their email.
  • Daily buy/sell limits are 1,000 EUR
  • Monthly buy/sell limits are 7,500 EUR
  • Total buy/sell limits are 30,000 EUR

Bronze Level

  • This account requires users to verify their mobile phone number in addition to their email.
  • Daily buy/sell limits are 1,500 EUR
  • Monthly buy/sell limits are 10,000 EUR
  • Total buy/sell limits are 50,000 EUR

Gold Level

  • This account requires users to verify their account with government issued photo ID which is confirmed with IDNow or through video using verify-U.
  • Daily buy/sell limits are 15,000 EUR
  • Monthly buy/sell limits are 300,000 EUR
  • Total buy/sell limits are 1,500,000 EUR

Commissions and Spreads

BitPanda does charge fees but they are not clearly stated when you go to buy or sell the cryptocurrency. The fees are included in the price and differ depending on the payment method used. However, they average around 5% per transaction. To see exactly how much in fees you are paying, just compare BitPanda’s exchange rate with BitStamp and the difference will be the fee that’s incorporated into BitPanda’s price.

Deposits and Withdrawals Options

The BitPanda exchange provides traders with a large variety of payment and withdrawal methods. This is the one area the exchange stands out from the rest very strongly. See below a list of the available payment and withdrawal methods:

Fiat Currency (Euros)

  • Mastercard
  • Visa
  • Sofort
  • EPS
  • Giropay
  • Neteller
  • Skrill
  • SEPA transfer

Cryptocurrencies

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Dash (DASH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Ripple (XRP)

Bonus and Promotions

Unfortunately, BitPanda does not offer their users any sort of bonuses or promotions for using their platform. It seems as though BitPanda gains enough attention and clientele by being one of the easiest and most convenient sources for buying and selling cryptocurrencies in Europe.

Customer Support

BitPanda utilizes a support ticket system in which users fill out an online form which is sent to the support representatives through email. Support via this method is relatively fast and is available 24/7. In addition to the customer support via email, the website also has a help center where traders can view questions and their answers that have been conveniently organized under various topics.

Pros and Cons

Pros

  • Very high liquidity
  • Easy to use interface
  • Lots of payment and withdrawal methods
  • Fiat currency deposits and withdrawals

Cons

  • Verification required for withdrawals
  • A small variety of tradeable cryptocurrency assets
  • No advanced trading platform
  • Relatively high fees compared to some other exchanges

FAQ

  • Is BitPanda regulated?

No. BitPanda is not a regulated cryptocurrency exchange under any financial regulatory agency.

  • Where is BitPanda based?

BitPanda is based out of Austria.

  • How does BitPanda make money?

BitPanda makes its money by charging their clients trading and withdrawal fees.

  • How do I deposit in BitPanda account?

BitPanda accepts cryptocurrency deposits as well as payments in Euro through Mastercard, Visa, Sofort, EPS, Giropay, Neteller, Skrill, and SEPA transfer.

  • How do I withdraw money from BitPanda?

Withdrawals of funds from BitPanda can be made the same way as deposits.

  • How do I open an account with BitPanda?

To open an account at BitPanda, simply provide an email address and password to set up an account. You will then be required to submit identity verification information for deposits and withdrawals.

  • Is BitPanda reliable?

Yes, BitPanda is reliable and trusted by many people from all around the world.

  • Does BitPanda use MetaTrader?

No. BitPanda utilizes their very own simple trading interface.

  • What is BitPanda leverage?

The maximum leverage offered by BitPanda is 1:1 leverage.

  • Is BitPanda a scam?

No. BitPanda is not a scam even though it is not regulated.

  • How safe is BitPanda?

BitPanda is a safe cryptocurrency exchange as they use the latest encryption technology to help to secure its website from hackers and enables two-factor authentication for logins and withdrawals

How to Get Free Money with a Cryptocurrency UBI: Mannabase Review

Manna is a new cryptocurrency (like Bitcoin) created by advocates of a Universal Basic Income (UBI). You can buy, sell, and mine Manna, just like other cryptocurrencies. However, you can also receive a small amount of the currency every week for free, just by signing up on the platform, Mannabase.

Review

Manna is a cryptocurrency managed by a non-profit, The People’s Currency Foundation. Their goal is to use cryptocurrency to provide a global Universal Basic Income (UBI).

As with any new cryptocurrency, the creators get to decide how to use and distribute the currency. The team behind Manna has decided to slowly increase the amount of Manna in circulation by 3.5% every year – evenly distributing this amount to anyone who opts-in.

Anyone who creates and verifies an account will receive a weekly distribution of Manna. You can learn more by downloading the Mannabase white paper.

Continue reading to learn how to create an account, explore the validity of a UBI, and see the pros and cons of Manna.

How to create a Mannabase account and receive free Manna

If you’re interested in receiving a small amount of free money every week (and who isn’t?), here are the steps necessary to sign up and verify your account. We’ll also look at the steps necessary to turn your Manna into USD or other fait (government-backed) currencies.

1. Create a Mannabase account

Manna is distributed through the platform on Mannabase. You must create an account here to start receiving the weekly distributions.

Once on the Mannabase homepage, click the Sign Up tab at the top of the page.

Manna Sign up page

Fill out the required information. Create a username, add your email address, and create a password.

Click the link in the confirmation email to verify your email address.

2. Opt-in to the Manna UBI distribution using phone verification

Once you have created an account, you then need to prove that you are human in order to start receiving the Manna Universal Basic Income payments. This is to prevent fraud.

Verify through Phone
  • To verify your account, click on the verification button under the UBI Signup Status
  • Enter your phone number. This must be a real phone number (from anywhere in the world). A VOIP (i.e., Google Voice) number will not work.
  • Type in the verification code sent to your phone and wait for your approval.

3. Receive a weekly Manna Universal Basic Income distribution

Once your account is approved, you will receive a small amount of Manna in your Mannabase wallet every week.
As with other cryptocurrencies, the value of Manna is based on what people are willing to pay for it. Manna started at well under a penny ($0.01) in value.

The first weekly distribution on March 1 gave every user just over 40 Manna. At a value of $0.02/each (which Manna is nearing now) that comes out to about $0.80/week. As more users join the platform, the weekly distribution of Manna will decrease.

Of course, the hope is that the value of Manna will continue to increase as has happened with other cryptocurrencies. For example, Bitcoin which went from under a penny in 2010 to over $10k now. If Manna reaches $1.00 each, then those who received Manna in week one will actually have $40 of extra cash.  

4. What can you do with Manna once you receive it?

There are four things that you can do with the Manna you receive. Save it, give it, use it, or sell it.

Right now there are not many places that accept Manna, so it’s hard to spend. However, the Mannabase team has been actively working with global non-profits in hopes of using Manna as a currency for small businesses around the world.  

To cash out Manna, you will need to exchange it for another currency on the platform  SouthXChange, and then cash it out from there. Right now, this is a little complex. However, the Mannabase team plans on creating easier ways to cash-out Manna in the future.  You can also give Manna to anyone you want — including donating it to specific groups. At some point you should be able to donate your Manna to orphans, refugees, single mothers, citizens of specific countries, or specific charities.

Finally, you can save Manna as an investment. If you had purchased $5 worth of Bitcoin in 2010, you would have about $20 million today. Most cryptocurrencies haven’t increased to over $1,000 in value, and it’s unlikely that Manna will. But it’s still possible that the value of Manna will increase over time. Those free distributions now could be worth thousands in the future.

If you’re ready to start receiving a free weekly distribution of Manna, jump over to Mannabase.

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