What are the best exchanges to purchase Bitcoin-Ethereum-Litecoin Ripple – pt1

As the Cryptocurrency industry evolves many exchanges are now popping up every day all over the world. So in this blog I want to show you what are the best ones for you to purchase your Bitcoins,Ethereum,Litecoin & Ripple and many other coins from?

I know it can be a midfield of information out there especially when you start diving down the rabbit holes of The Crypto world. So the first question you are probably asking yourself is where do I start ?

Here are six of my favourite exchanges that are easy to use, safe and secure and a great way to start purchasing your coins.

(This is part 1 and the more advanced exchanges will be in part 2)

1. COINBASE-

For ease and one of the most established platforms is – http://www.coinbase.com

Coinbase is the world’s largest Bitcoin broker, available in the United States, UK, Canada, Singapore, and most of Europe.

Customers can buy bitcoin with a connected bank account, credit/debit card, SEPA transfer, Interac Online, iDEAL, and many more payment methods depending on location.

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

• Slow processing times due to high demand

• High fees

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.

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.

You can read more about it here – https://thecryptoproezine.com/2017/05/29/how-to-purchase-cryptocurrecy-bitcoin-or-ethereum-on-coinbase/

2. BITPANDA-

BitPanda is a Bitcoin broker based in Austria. It offers a wide range of payment methods and has good prices.Credit card is the most popular payment method on Bitpanda.

Bitpanda offers high security with strict KNOW YOUR CUSTOMER POLICIES. I really like this it is easy to use and offers a wide range of payment methods;

Payment Methods Accepted

BitPanda has a large selection of payment methods:

• SOFORT Transfer

• Visa/Mastercard Debit or Credit Card

• NETELLER

• Skrill

• GIROPAY / EPS

• SEPA Transfer

• OBT

Supported Countries

BitPanda supports all European countries. Customers from the USA cannot use BitPanda.

Limits & Liquidity

BitPanda offers different levels of verification based on how much information you give them.

Verified Email: With a verified email you cannot buy bitcoins, but can sell up to 1,000 EUR worth of bitcoins per day, and up to 7,500 EUR per month.

Verified Phone Number:

With a verified mobile phone number you can buy bitcoins with any payment methods besides credit card. Using the other payment methods, you can buy up to 50 EUR per day.

Verified ID: By verifying your ID you can buy bitcoins with a credit card, up to 350 EUR per day and up to 10,000 per month. For other payment methods, you can buy up to 5,000 EUR worth of bitcoins per day, and up to 75,000 EUR per month.

Speed

Most of BitPanda’s payment methods are instant so your bitcoins will also be delivered near instantly.

Credit/debit card buys, plus SOFORT, NETELLER, EPS or OBT buys will deliver bitcoins to your wallet almost right away. SEPA transfers take about a day to complete which means it will take about that long for the bitcoins to arrive to your wallet.

Reputation

BitPanda was previously named Coinimal and was founded in October 2014. The company won a startup award in October 2016 and has been a trusted company in the Bitcoin space since its launch.

Fees.

BitPanda has low fees although they are not displayed publically on the website. The fees are instead included in your buy price when you checkout to buy or sell bitcoins.

3. LOCAL BITCOINS

LocalBitcoins is a peer-to-peer Bitcoin exchange. Buyers and sellers agree on trade terms, and LocalBitcoins makes sure the trade goes through with no problems for both parties. LocalBitcoins is considered a good way to buy bitcoins privately or with cash.

LocalBitcoins is a global Bitcoin exchange that gives a lot of options to its users.

Before getting into the details, here are some good and bad things to know about LocalBitcoins:

PROS

• LocalBitcoins is one of the most private ways to purchase bitcoins

• In some countries it is the only way to buy bitcoins

• It allows you to buy bitcoins with many payment methods

CONS

• There are many scams and you need to use caution

• Fees can be slightly high when buying with cash, since many people are willing to pay extra for the privacy LocalBitcoins offers

The difference between Local Bitcoins and most exchanges is that LocalBitcoins does not require personal information when making good trades.

Unlike other exchanges, which require ID verification and personal information, Local Bitcoins allows you to buy bitcoin without connecting your name to the bitcoin you’re buying.

LocalBitcoins vs Other Cash Exchanges

Although LocalBitcoins allows for ANY payment method, cash deposit is the most popular method. This table compares it so some other cash exchanges.

4. CEX.io

CEX.IO allows for the buying of bitcoins for low fees via credit card. Customers can also purchase for free with bank transfers. CEX.io is available for use in most countries.

PROS

• Enables buying bitcoins with credit card for low fees

CONS

• Extensive verification process to increase buying limits

CEX.IO also offers users the ability to sell bitcoins to credit or debit cards. The fees for this are as follows:

• 2.9% + $4.99 for USD

• 2.9% + €4.99 for EUR

• 2.9% + 499 RUB for RUB

Bank transfers are not charged fees by CEX.io, but your bank may charge conversion fees on your deposit.

Supported Countries

CEX.IO supports all countries, unless noted below.

The following countries are restricted for credit card purchases: Iceland, Vietnam, Afghanistan, Algeria, Bahrain, Iraq, Kuwait, Lebanon, Libya, Nigeria, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, and Yemen.

The following countries are restricted from buying with bank transfer: Afghanistan, Democratic Republic of the Congo, Côte d’Ivoire, Eritrea, Ethiopia, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, Liberia, Libya, Guinea, São Tomé and Príncipe, Somalia, Sudan, Syria, Tanzania, Tunisia, Turkey, Vietnam, Yemen, Zimbabwe.

US States NOT Supported

Limits & Liquidity

CEX.IO offers four different account levels based on verification provided. Each account type has different buying limits.

Basic: Basic accounts can buy up to $400 worth of bitcoins per day, and up to $2,000 per month. Basic accounts are not able to purchase via bank transfer.

Verified: Verified accounts can purchase up to $10,000 worth of bitcoins per day, or up to $100,000 per month via both credit card and bank transfer.

Individual Business & Corporate: Individual Business and Corporate accounts can purchase an unlimited amount of bitcoins.

Privacy

CEX.IO requires very little information for its first tier of verification. In order to increase limits, however, a number of personal details and document scans are required.

To increase your daily limits to CEX.IO’s “Verified” level, scans of a passport, driver’s license, or ID are required. In addition, a picture of you holding your ID, a picture holding your credit card, and a document for proof of residency are required.

Speed

After initial verification, CEX.IO processes most credit card purchases instantly. Upgrading your account to CEX.IO’s “Verified” account type can be a long process, but subsequent purchases are quick.

Reputation

CEX.IO is a registered company and/or money transmitter in all districts in which it operates. In the USA, it is registered with FinCEN, and registered with ICO in the UK and EU.

Fees

Fees for buying with a credit card are 3.9% + $0.25 per purchase. Purchases made via bank transfer are free.

5. Itbit

itBit is a global Bitcoin exchange licensed with the New York State Department of Financial Services. It also operates a global OTC trading desk.

PROS

• OTC trading desk is ideal for buying or selling large blocks of BTC

• Licensed Bitcoin exchange in New York, operates legally in all 50 states

CONS

• Limited payment options

Payment Methods Accepted

Payment Method

Funds Available

Currencies

Fees

Wire Transfer

1 day

USD

None

Traders can funds accounts via wire transfer. itBit charges no deposit fees. Fees charged by your bank may apply.

Supported Countries

itBit supports customers around the globe in most countries. Texas is the only U.S. state not supported.

• Payment Methods Accepted

• Supported Countries

• Limits & Liquidity

• Privacy

• Speed

• Reputation

• Fees

• Customer Support

Limits & Liquidity

itBit provides two services: a global Bitcoin exchange and an OTC trading desk. Neither service limits the amount of bitcoins that can be traded assuming proper verification has been submitted.

itBit’s OTC trading desk trades between 15,000 – 25,000 XBT per month. The average OTC trade size is around ~350 bitcoins and made at or below spot price.

More information on itBit’s OTC trading can be found here.

Privacy

U.S. residents can complete identity verification using itBit’s Knowledge Based Authentication, which does not require ID scans.

Users outside the United States must provide ID scans and proof of residence documents.

Speed

International accounts may take 1-3 days to become verified. US customers may be able to verify faster using itBit’s knowledge-based authentication system.

Deposits made via wire transfer can take anywhere from 1-3 days to arrive depending on your bank.

Purchases can be made instantly once an account has been verified and successfully funded.

Reputation

itBit was the first Bitcoin exchange to receive a charter from the New York State Department of Financial Services. The charter gives it the ability to operate legally in all 50 U.S. states. As a licensed exchange, itBit is audited regularly and follows all consumer protection laws.

Fees

itBit charges just a 0.2% taker fee on its global exchange.

A flat 0.1% fee is charged on the OTC trading desk, but trades are often executed at or below spot price.

6. BITQUICK

BitQuick is a Bitcoin exchange that lets customers buy bitcoins with cash via cash deposit.

PROS

• Fast way to purchase bitcoins with cash

CONS

• Markup on Bitcoin price can by high at times

Payment Methods Accepted

Buyers using BitQuick can use just one payment method to purchase bitcoins:

Cash deposit.

This means you will go to the bank of a Bitcoin seller and make a cash deposit into their account.

Once the seller sees the deposit in their account they release the bitcoins to you on BitQuick.

Supported Countries

BitQuick operates in 49 US states.

New York is the only state not supported because BitQuick stopped service in New York due to the BitLicense.

• Payment Methods Accepted

• Supported Countries

• BitQuick vs Other Cash Exchanges

• Privacy

• Limits & Liquidity

• Speed

• Reputation

• Fees

• Customer support

Payment Methods Accepted

Buyers using BitQuick can use just one payment method to purchase bitcoins:

Cash deposit.

This means you will go to the bank of a Bitcoin seller and make a cash deposit into their account.

Once the seller sees the deposit in their account they release the bitcoins to you on BitQuick.

Supported Countries

BitQuick operates in 49 US states.

New York is the only state not supported because BitQuick stopped service in New York due to the BitLicense.

Privacy

BitQuick is not as private as other cash methods like Wall of Coins or LocalBitcoins.

BitQuick requires ID verification for purchases of bitcoin.

Limits & Liquidity

BitQuick lets buyers and sellers agree on trades and enforces no limits.

BitQuick’s buy and sell offers are publically available. You can check the orderbook at anytime.

There are usually many offers for different sized purchases and at many different bank branches.

Speed

BitQuick’s goal is to deliver bitcoins to buyers fast. In most cases you can receive your bitcoins within one hour of payment.

Reputation

BitQuick has established itself as a trusted Bitcoin exchange although it was hacked in March 2016.

The fact that BitQuick shut down until it fully understood the cause of the hack shows that it does care about the security of its customers’ personal information and funds. No customer funds were lost in the hack.

Fees

Buyers fees are 2% for cash deposit purchases.

This is somewhat high for cash purchases of bitcoin, but the speed and reliability of BitQuick makes this fee worth paying for some.

If you plan on selling bitcoins, BitQuick is a great platform. You can often sell your coins for higher than market rate, and on top of that BitQuick does not charge sellers any fees.

We hope you find this valuable and helps you purchase bitcoin, Ethereum, litecoin, dash, Ripple with more ease.

What exchange do you like to use ? Please tell us in the comments.

Many thanks

The Crypto Pro’s

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Monaco launch their app and registration for their cards.

So a few months ago I wrote a post announcing that the company Monaco are about to launch a very advanced Cryptocurrency card for Bitcoin and Ethereum, You can read that here – https://thecryptoproezine.com/2017/06/21/monaco-visa-card-launched-for-bitcoin-ethereum/

Well we are getting closer to that stage now as Monaco announce that you can now download the app and start ordering your cards which you can do here ORDER YOUR MONACO CARD HERE

Here is what the company have to say about this launch that millions of people are eagerly waiting for –

Monaco Launches Mobile App to Bring Cryptocurrencies to Every Wallet…

The Monaco app allows users to spend bitcoin and ether conveniently in Monaco, the pioneering payments and cryptocurrency platform, today announced the launch of the Monaco app, giving consumers a radically simplified way to buy, spend, and earn cryptocurrency cashback on all transactions. Together with the Monaco card that will be rolling out later in September, the platform is based on perfect interbank exchange rates, and enables users to save up to 8 percent on all foreign currency transactions.

“We are pleased to launch the Monaco app in the Apple App Store and Google Play Store. There was a tremendous amount of work put in by the team into every detail of the app and cards. We hope users will love it as much as we do,” said Kris Marszalek, co-founder and CEO of Monaco.- Monaco is now perfectly positioned to increase the global cryptocurrency user number from its current 5-6 million to 500-600 million. We are revolutionizing the industry and setting the bar incredibly high.”

The cryptocurrency industry is in its nascent stages with up to 6 million unique active users of cryptocurrency wallets, according to a report conducted by Cambridge University. The Monaco platform aims to use this opportunity to address the industry’s reputation for being an opaque, niche market by presenting a simple cryptocurrency financial product with mass market appeal.

About Monaco

Founded in June 2016, Monaco is the pioneering payments and cryptocurrency platform allowing users to spend bitcoin and ethereum at perfect interbank exchange rates, saving US$30-40 on every US$500 equivalent spent on foreign currency transactions. Monaco raised over US$26.7 million through one of the most successful Token Sale events to date. The company is headquartered in Switzerland with operations in Hong Kong and Singapore. For more information, please visit www.mona.co.

For press enquiries, please contact:

MonacoPR@hoffman.com

Monaco Dev Update – Cryptocurrency in Every Wallet, Part 1

Today, Monaco takes a significant step towards its vision of making cryptocurrency available in every wallet as we begin taking reservations for the Monaco card.

Here’s what you need to know:

1. Monaco unveiled a full portfolio of five cards today: Midnight Blue (Classic plastic card), Ruby Steel, Space Gray, Rose Gold (Platinum metal cards) and Black (Limited Edition Platinum metal card)
 

2. All Monaco cards, including Platinum cards will be free: no monthly fees, no annual fees, no shipping fees
 

3. Monaco Platinum cards come with industry leading 0.75% cryptocurrency cashback on all purchases and US$500,000 travel insurance
 

4. Monaco Platinum cards will only be available to MCO token holders, who purchase 50 MCO (Ruby Steel card), 500 MCO (Space Gray, Rose Gold cards) and 50,000 MCO (Limited Edition Obsidian Black card) respectively; MCO tokens will be held for a 6 months period, after which users can deposit their tokens back into their Monaco account and continue to use their card fee-free, no strings attached
 

5. Users can download Monaco app on both iOS & Android to go through a simple three-minute onboarding process and reserve their card starting today
 

6. Monaco is going for maximum platform growth strategy with no fees for users; that means that even the 1% contributions to asset contract will be paid by Monaco from the interchange revenue and not by the users as it was described in our whitepaper
 

7. Monaco will be rolled out globally in stages, as each region requires separate issuing capabilities; we remain fully committed to be 100% compliant with local regulations in every market we are targeting – we begin with Asia, followed by Europe (Q4 2017) and North America (2018); first cards are expected to ship end of September, with weekly card shipments gradually increasing from October till the end of the year; we expect demand to massively outpace supply in the first 12 months, so users are encouraged to reserve their cards early
 

8. Further announcements will be made regarding approvals from card schemes in each of the regions & markets
 

9. MCO token is going to be spendable at 40m+ merchant locations globally with the Monaco card from day 1; you will be able to convert MCO token to BTC and ETH right from the Monaco app
 

10. Monaco has a very small quantity of Obsidian Black cards on hand from the original 999 pool and is making those available for contributors who decide to hold 50,000 MCO for 6 months – if you missed out on one during the token sales, this is your last chance to get one.

Finally, a few words regarding what’s next. In early communications during our token sale, we have listed several key milestones to look for as those that will drive value creation for MCO token holders. These were:

• Announcements regarding MCO getting listed on exchanges (particularly in China)

• Monaco app launch

• Card scheme program approvals

• Users receiving & reviewing first cards

From this initial milestone list, we have now delivered on 2 out of 4. We’re looking forward to delivering on the rest. It’s also a good moment to share our thoughts on what will continue driving the growth for Monaco in Q4.

• Europe mass rollout to ~30 countries

• Two new and previously unannounced product features critical to user growth

• Q4 users & transaction numbers

We’d like to thank the community for the overwhelming support we have received so far. We take your feedback and ideas seriously as we continue to build Monaco into a product you’ll love to use and a global brand you trust.

“Cryptocurrency in Every Wallet” – let’s make it happen together!

ORDER YOUR MONACO CARD HERE

The Crypto Pro’s look for ward to receiving our card and will keep you updated if any other news comes along.

What are your thoughts on the Monaco card?

Please leave a comment below and like and share if you get value from this post.

Many thanks

The Crypto Pro’s

P.s

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What is Ripple and is it the next big Cryptocurrency

The Cryptocurrency world is In a crazy frenzy right now everyone is going nuts for Bitcoin and Ethereum which you are probably seeing everywhere right now,!!

Deep in the background though not far behind Bitcoin and Ethereum there is a dark horse gearing up to go on one almighty gallop and break into the biggest race the world has ever seen to become the best global payment system.

The coin I am talking about is Ripple, which is designed to help financial institutions transact money between one another in seconds. Ripple will dramatically change the way we transact money across he world.

Ripple has been sitting under the radar at pennies on the dollar for some time now, yet it sits fourth in the marketplace with the largest market cap at nearly $9bln and the price only 0.23c right now.

When I discovered and joined Ripple a few years ago the price was 0.04c so seeing it mature and gaining vast credibility and such a strong following is just incredible.

I truly believe Ripple has the power to be one of the biggest coins in the marketplace. (which is just my opinion)

Ripple has the potential to go head-to-head against digital currencies like Bitcoin and Ethereum. Why?

XRP the currency tag for Ripple has a clear use case,

“It is one of the largest digital assets by market capitalization and is designed for use by financial institutions as an on-demand liquidity solution for cross-border payments.

For example, payments into emerging markets can require multiple currency traders — added costs — or pre-funded local currency accounts — which often results in trapped capital. Instead, payment providers and banks can use XRP to fund these payments on demand, without intermediaries, at up to 60% less cost to settle.”

Speed is another factor which comes into play. XRP is also the fastest, most scalable and secure digital asset.

“XRP today can process up to 1,500 transactions per second on the XRP Ledger, which is supported by a community of trusted validators and a team of full-time engineers that actively develops and maintains the ledger,”

Ripple CTO Stefan Thomas said. “Unlike other public blockchains that select validators via mining, XRP Ledger’s validators are chosen by users and hosted using enterprise-grade infrastructure, making it the only enterprise-ready blockchain today.”

So what are the benefits of Ripple and what sets this currency apart?

“Ripple is the only blockchain network with real customers – who have signed deals with over 90 customers globally and over 75 customers are in various stages of deploying Ripple for commercial use,” said Thomas.

Ripple also recently announced it is growing its product suite, including xCurrent, xRapid and xVia.

“We are growing to serve our global customer base and now have offices in San Francisco, New York, London and Sydney – and a joint venture with SBI Ripple Asia to serve Asia,” said Thomas.

Mathew Pulickel, Senior Vice President, Emerging Technology at WorldLink, said: “We believe Ripple’s network will revolutionize commerce in the future and the way our customers do business, and that’s why we have chosen to run a validator node on the XRP Ledger”

The fact that 60 banks are now in the process of commercially deploying Ripple’s enterprise software—among them Bank of England,Santander, Royal Bank of Canada and Mitsubishi UFJ Financial Group just to name a few —reflects the company’s drive to,become one of the biggest Cryptocurrencies in the market place.

Here are just some of their customers already…

The company’s larger vision is to build an “internet of value,” a global internetworking system for money—would be tremendously disruptive to the status quo of international banking. In this system, monetary value could flow seamlessly from a bank ledger to a public blockchain to a mobile money system—all interoperable and working together to move money from one side of the globe to the other.

In other words, Ripple doesn’t just want to help banks make cross-border payments. It wants to make the world’s assets liquid. If Ripple has its way, it will do more than knock out Swift; it will have found a way to make money move like information.

In April, the Spanish bank BBVA completed a series of international money transfers between Spain and Mexico using Ripple’s distributed ledger technology. The transfers took mere seconds, BBVA said, as opposed to the four days it normally takes for such international transfers to clear.

But there are signs of progress. In March, Ripple announced that a consortium of 47 Japanese banks had successfully completed a pilot with its enterprise software. Twelve more banks have since joined the consortium, and they are planning to deploy a commercial version of the blockchain solution at scale in October 2017. Ripple’s software is now touching 40% of customer banking accounts in Japan,

Ripple’s Inter-Ledger Protocol (ILP)

With Ripple and ILP, banks can leverage unlimited scalability and complete transaction privacy. This comes in addition to all of the existing advantages of Ripple’s distributed financial technology.

Ripple is thrilled to introduce the Interledger Protocol (ILP) for efficient payments across payment networks.

Time and again, we’ve heard from banks that Ripple changes the game—providing banks the ability to transact directly, instantly and with certainty.

Ripple ILP completed a test in which the company sent ether—the native coin of the Ethereum network—to the Ripple consensus ledger; the ether was received as XRP in a Ripple wallet. It was therefore “both a cross-ledger and a cross-currency transfer,”

Ripple’s Cryptocurrency XRP is today the world’s fourth largest digital currency by market capitalisation. Ripple’s big idea is to use XRP—once its market cap gets high enough and it is being traded heavily enough—to provide banks with liquidity on demand. During a transaction, a fiat currency like the U.S. dollar would be converted by market makers into XRP and almost instantly swapped back into another fiat currency, like British pounds, on the other side.

So as you can see the technology behind Ripple is just incredible and I truly believe this is one to watch. The only problem I do see is that they have far to much supply already in circulation with 38 Billion coins on the market at present & the price is still extremely low does that harness the future price?

Or is the Technology so good that it will push through and become the giant it deserves to be?

Only time can tell….,,

Conclusion

Ripple is a technology that could change the banking infrastructure and the way we send payments around the world with the Most scaleable and fastest payment system in the market today.

Ripple is being tested with some of the biggest financial institutions in the world and passing with flying colours.

There is LOTS of potential for further growth with Ripple especially once this comes into full flow and the banks are using this on a daily basis the sky is the limit.

I know I am adding more Ripple to my Portfolio if you choose to do the same that is up to you.

Disclaimer – This is not financial advise in any way it is just my opinion. And no one else’s.

The future is certainly bright for Ripple & I believe we will be hearing lots more about this coin very soon.

What are your thoughts on Ripple?

Leave us a comment below and share and like if you got value from this post.

Many thanks

The Crypto Pro’s

P.s if you would like more info on anything we do with This subject or Cryptocurrency please get in touch we would love to connect and hopefully work with you too.

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How to start your Cryptocurrency Journey & Purchase Bitcoin, Ethereum & Litecoin

It is exciting times in the Cryptocurrency space right now & I am seeing so many new people wanting to start their journey, but do not have a clue where to start. So in this post I will be talking about how to start your Cryptocurrency journey and purchase your first Bitcoin, Ethereum & Litecoin.

Here is the info for you explaining what we do and how you can get started.

As you know Cryptocurrency is booming right now and is the hottest trend on the planet as we speak.

Yes you got it right it’s a great time to be looking at this and starting your journey.

First thing you are probably best to do is go to Coinbase and register your account here

https://www.coinbase.com/join/561c0bbfc2ab30611d0001b4

(You will need passport/ Driving licence / proof of address to verify account)

You can follow instructions here..

Once you have set up your details & verified card you can then go to buy and purchase your bitcoin, Ethereum & Litecoin.

Sometimes Coinbase can be a little slow so another option is

Bitpanda www.bitpanda.com.

Follow instructions here –

https://thecryptoproezine.com/2017/05/27/how-to-purchase-ethereum-via-bitpanda/

Let me know once you have gone through the whole site and I can show you how to get started if you need help.

2- I would download exodus to your computer follow this tab here, this is a safe way

To keep your coins safe, so know one can get them.

https://thecryptoproezine.com/2017/06/27/what-is-the-exodus-wallet-and-how-does-it-work/

3- Read my blog

www.thecryptoproezine.com

4- Follow my fan page for all updates and news on the industry

https://m.facebook.com/thecryptoprosfanpage/

My websitsite explaining what Cryptocurrency is –

Http://www.thecryptopros.com

My YouTube is with tons of info for you.

www.thecryptoprostv.info

If you want to create real wealth in the Crypto space the best bet s to put your money into mining, this is where you are creating the coins. You are basically putting the capitial up, for the equipment and energy needed to bring the coins into circulation.

A company handles everything for you, but the money you put in goes into a 2 year contract and every week the system will deposit a certain amount of coins into your wallet, depending on how much you put in.

You can attain your coins at a very deep discount and you are gaining coins each week into your portfolio so it’s a very good option for long term potential gains.

This could be something you can look into for long term gains and a way to save money, which is 100% better than any bank.

Let me know what you want to learn more about this and we can start your education even further but that should be loads for you there for now to look through and study.

Have a great day and message me if you get stuck,

let’s chat soon

Create coinbase account here

https://www.coinbase.com/join/561c0bbfc2ab30611d0001b4

Joby

The Crypto Pro’s

Bitfinex exits the USA after tough new regulations

The USA government regulations are getting worse and worse towards Cryptocurrency & making it harder for anyone to partake, it's becoming a joke now as Bitfinex trading platform gets shut down from USA members.

More sad news for USA Cryptocurrency trading fans which really makes me angry to hear such a good platform like Bitfinex is now not allowed to operate in the USA because of these new regulations that are being implemented.

I swear they just make up rules as they go along.

Members have 90 days to clear all their portfolios and if you have and US holders of ethereum ERC20 tokens have only 5 days to stop trading them on the exchange.

Leading bitcoin exchange by USD volume, Bitfinex, announced on Friday that it is exiting the U.S. retail marketplace. Effective immediately, the exchange no longer accepts verification requests for U.S. Individuals.

Now with a current backlog of verification requests and ongoing difficulties in providing USD deposit and withdrawals for U.S. individuals, we feel that the time has come to begin disengaging from U.S. retail customers.

The bankers are a running scared to what Cryptocurrency is going to achieve & do them and are doing everything they can to try and keep their power.

This is a clear sign of what is going within the industry inside of the US right now!!

” Bitfinex admitted that “compliant banking solutions for U.S. individuals remain elusive.” Consequently, the exchange stated.

Bitfinex expects the U.S. Regulatory landscape to be even more challenging in the future. “Exchanges based in the U.S. are better positioned to properly service retail U.S. Customers,” it wrote.

In addition, the exchange also announced that U.S. customers will no longer be able to trade ERC20 tokens issued through initial coin offerings (ICOs) on the exchange. This part of the changes will commence at noon UTC on August 16.

The U.S. regulatory agency, the Securities and Exchange Commission (SEC), announced in a report the organization conducted research on the current state of Initial Coin Offerings (ICO) which reported the days of all these token sales and the “Wild West” ICO period is likely coming to an end.

The report conveyed a few key statements that established that U.S. federal securities laws would apply to ICOs and digital token sales. Due to the past six months of ICO excitement, raising millions of dollars in crowdsales based off of the Ethereum protocol.

Any Organization Failing to Comply With U.S. Securities Laws Will Be Held Responsible..

"The SEC’s decision reinforces what the blockchain industry already knew: Federal securities laws apply to all new types of technologies,” Nerayoff told Bitcoin.com.  

If anything sold has the characteristics of a security, one must follow U.S. securities laws. This is the case for all technologies. And it should be expected that any organization that fails to comply with the requirements of U.S. securities laws will be held responsible.

It is now clear that some digital currencies will be viewed as securities, depending on how the tokens or coins are structured. Now we’ll see what happens as companies attempt to fit within the SEC’s guidelines.

CONCLUSION

It seems we can not even breathe without the SEC wanting a slice of the pie in today's Crypto world. The US is shooting themselves in the foot with all these regulations and rules that they just keep making up & spoiling what could be so beneficial for millions of people.

Will they look back and regret these decisions in the future as they fight the Crypto world now, but will only have one choice in the future to join and praise the Crypto concept.

What are your thoughts on Bitfinex getting shut down and all these rules the US have to play by?

The Crypto Pro's

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Bitcoin moves into new realms and Bitcoin cash is born

The day has finally come that has been on the cards for so long, which sees Bitcoin moves into new realms and Bitcoin Cash (BCH) is born.

In this blog post I will cover what all this means and works for you. So do not worry by the end of this you will get a better understanding and will learn about the future of Bitcoin.

Earlier today a subset of bitcoin's miners began operating a different software in order to create a competing cryptocurrency called Bitcoin Cash. The move would effectively find a minority of users forging ahead with their own blockchain, one that shares a transaction history with bitcoin.

As previously reported, Bitcoin Cash – which raises the size of the network's transaction blocks while doing away with other capacity upgrades – is being advanced as an alternative to existing scaling efforts. Some of those who backed prior efforts aimed at raising the block size have since moved to support Bitcoin Cash.
Yet the split is far from complete.

Thus far, that hasn't happened, and some observers believe that it could take hours or more for that block to be created. In the meantime, the original bitcoin chain has continued.

So the fork has begun and the chain has split in two, this means we now have the original Bitcoin – BTC which price still sits around $2700 a coin. Considering that everyone thought the price would drop dramatically it holds tight for now.

Only time will tell how this will be effected.

Bitcoin Cash has started trading around $200 a coin and hopefully it will grow just like its daddy BTC. As normal for now you can see a slight decline in price, but that is normal on first day of trading so no need to panic. just yet.

Many of the Bitcoin community are selling coins to get into Bitcoin cash such as Roger Ver who is liquidating thousands to partake into the new realm of Bitcoin Cash.

What is Bitcoin cash & does it offer more?

Bitcoin was designed back in 2009 & I don't quite think anyone could have expected what has happened and the success it has gained since, but there was some major processing problems and the System could not handle and process transactions fast enough to handle the community demands.

So a solution was needed and the core developers, miners, investors come up with Bitcoin Cash and the platform was born.
Bitcoin has now split into two different platforms.

Here are some FAQ from the Bitcoin Cash website
https://www.bitcoincash.org/

What is Bitcoin Cash?
Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.

Is Bitcoin Cash different from 'Bitcoin'?
Yes.  Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash.  It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.

If I own Bitcoin, do I automatically own Bitcoin Cash too?
Yes.  Because Bitcoin Cash is a fork of the ledger, that means you own the same amount of Bitcoin Cash as you did Bitcoin at the time of the forking block.  However, if your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your cash.

How is transaction replay being handled between the new and the old blockchain?
Bitcoin Cash transactions use a new flag SIGHASH_FORKID, which is non standard to the legacy blockchain.  This prevents Bitcoin Cash transactions from being replayed on the Bitcoin blockchain and vice versa.

Why was a fork necessary to create Bitcoin Cash?
The legacy Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second.  Although technically simple to raise this limit, the community could not reach a consensus, even after years of debate.
 
Was the 1 MB blocksize causing problems for Bitcoin?
Yes, In 2017, capacity hit the 'invisible wall'.  Fees skyrocketed, and Bitcoin became unreliable, with some users unable to get their transactions confirmed, even after days of waiting.

Bitcoin stopped growing.  Many users, merchants, businesses and investors abandoned Bitcoin. Its marketshare among other cryptocurrencies  quickly plummeted from 95% to 40%. 

Does Bitcoin Cash fix these problems?
Yes.  Bitcoin Cash immediately raises the blocksize limit to 8MB as part of a massive on-chain scaling approach.  There will be ample capacity for everyone's transactions.

Low fees and fast confirmations will resume with Bitcoin Cash.  The network will be allowed to grow again.  Users, merchants, businesses, and investors will return.

Why didn't Bitcoin raise the blocksize if it was easy?
Some of the developers did not understand and agree with the original vision of peer-to-peer electronic cash that Satoshi Nakamoto had created. Instead, they preferred Bitcoin become a settlement layer.

Many miners and users trusted these developers, while others recognized that they were leading the community down a different road than expected. 

These two very different visions for Bitcoin are largely incompatible, which led to the community divide.

Which Development Team is In Charge of Bitcoin Cash?
Unlike the previous situation in Bitcoin, there is no one single development team for Bitcoin Cash.  There are now multiple independent teams of developers. 

This decentralization of development (and decentralization of software implementations) is a much needed and important step forward.

There are a few exchanges and wallets accepting the new technology where you will be able to attain your new BCH.

(If you would like any help understanding this move, please feel free to reach out and we will be happy to help you any way you can.)

Conclusion
Bitcoin Cash offers a new solution to speed up transactions that was needed to enhance this technology and concept of Bitcoin.

Another huge Crypto went through the same process with a hard fork last year and created two platforms which was Ethereum creating the classic and Ethereum platforms.

This has not stopped them creating success and moving forward.

I think that both Bitcoin communities will now continue to grow, but only time can tell what will happen.

No matter what the outcome Cryptocurrency will change the world as we know itAs time goes on technology evolves and becomes better so I think that Bitcoin maybe the time was right for an upgrade/ update to a system that was limited on what it could achieve.

Now we have to see if the community have made the right choice?

What are you thoughts on this move?

Please leave a comment and let us know.

Many thanks
The Crypto Pro's

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Germany’s leading food delivery service now accepts Bitcoin

In this post we are going to talk about Germany’s leading food delivery company now accepting Bitcoin.

The world is changing and Digital payments are here to stay. 
Germany’s leading food delivery service Lieferando.de who have over 11,000 restaurants are now accepting Bitcoin as payment. 

Lieferando announced this week that it has added bitcoin as a payment option. In addition to having over 11,000 partner restaurants, the company claims to have 3.9 million users and 17.3 million orders with an average order value of €19.68.

The sales are in the millions across Germany using this service.They are dominating the market place & are now leading the charge in their region. The parent company to this business is Takeaway.com. So the millions of customers who use this service will now see Bitcoin as a payment method .

This will bring huge attention to the Cryptocurrency space & just shows you that this is growing super fast & the future of payments is here. 

Lieferando.has already included information about how to pay with bitcoin on its website. Bitcoin payment is facilitated by Bitpay, just like other Takeaway.com brands that accept the cryptocurrency. Users paying with bitcoin will be redirected to Bitpay and back after payment has been made. “The bitcoin amount is always converted according to the current exchange rate of Bitpay,” the site detailed. 


In addition, Lieferando.de added, “when paying with bitcoin we do not charge any additional costs.” Paying with credit cards and Paypal, however, will incur a fee of 6%, according to Takeaway.com.
CONCLUSION-  

Bitcoin will now be gaining huge exposure across German with its leading food delivery service Lieferando.de which has over 11,000 restaurants on board. This will grow exposure to millions of people and brings huge credibility to Cryptocurrency space. 

Payments are moving to a digital form and and the new money is here to stay. The journey for any Cryptocurrency is really just getting started & if you would like to know the best Ines to buy right now please go to this post I wrote all about the industry 

https://thecryptoproezine.com/2017/06/07/the-top-cryptocurrencies-you-should-be-purchasing-right-now

How do you think this will effect the Bitcoin market & would you use this service leave a comment below and let us know what you think? 

The Crypto Pro’s 

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