The Blockchain Revolution by Jem K Ali

When we talk about the value of Bitcoin then we really need to look at and understand the Blockchain first. I was asked the other day to try and explain this in layman’s terms so here goes.

I am by no means an expert but have definitely spent a lot of years researching and educating myself in the creation and use of currency. The real value of Cryptocurrency lies in its technology, whether we realise yet or not we will be inevitability using it in the near future. Bitcoin, for example, cannot exist without the Blockchain so this is one of the intrinsic values (using the word lightly, ahem) of Bitcoin.

So what is it?

is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. It cannot be hacked, changed or manipulated once recorded. When a transaction is made and recorded on the ledger then that becomes one true source of information validating the peer to peer transaction.

Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency Bitcoin, as its public transaction ledger. The invention of the Blockchain for Bitcoin made it the first digital currency to solve the double spending problem without the need of a trusted authority or central server. The Bitcoin design has been the inspiration for all manner of other applications.

What does this mean?

Well, in a nutshell, it will bring about accountability to everything we know.

This is a problem the human race has been trying to solve for aeons. It brings trust, consensus and a record that cannot be manipulated by anyone human being.

Imagine if Government department spending was using smart contracts on the Blockchain to record where all the money gets spent! Imagine how that would revolutionise the Government and stop any corruption or human error! If every politician was held accountable and could not lie their way out of their mistakes, that would be an enormous gain to the public. Imagine the NHS spending being recorded on the Blockchain?

Imagine a department being issued tokens instead of money and those tokens can only be spent on a specific resource!? No more wasting of money, no more employing unnecessary agency staff as their will always be someone to hold accountable.

This is something we have never had in human history.

I suppose when Satoshi Nakamoto wrote the original Bitcoin white paper they must have thought the best place to start having some accountability would be our money first, besides that’s the most manipulated thing in the world. Once the banking industry and the creation of our currency are under Blockchain supervision if you will, then all other industries would eventually follow suit.

Being involved in this massive industry and supporting Cryptocurrencies at this early stage is a noble act at least and paramount at best! I commend you all and look forward to this exciting future the Blockchain technology can bring forward for the better for the Human Race and our Mother Earth.

By Jem K. Ali

https://www.facebook.com/jem.k.ali

Why we need Bitcoin and Cryptocurrency

Did you know a Trillion Dollars crashed on the stock Markets just recently?

Not many people do…

This catastrophe was hardly reported anywhere on the news.

Yet you have Panorama reporting on bitcoin and saying it’s crashed and it’s a big bubble, what a load rubbish!!

I wonder why they did this, Was it to scare you off?

The truth is we all know we can not trust the media, banks or government anymore.

Recently on my tour of the UK holding education seminars into bitcoin we asked every audience in every city we visited, with hundreds of people as attendees wether they trusted the Banks Of Government any more?

Surprise surprise you guessed it, not one person did. 100% of the people have no trust in the system anymore!!

Not one person put their hand up.

That’s pretty scary & also a real picture of what’s going on out there.

Fiat (Government issued) currency is Trillions in debt and can never be paid back!!

It’s time for a change and Bitcoin & Cryptocurrency offers a massive solution to a massive problem!

Did you know the Governments took away the Gold standard in 1931 so since then you have had nothing intrinsic backing the currency apart from people believing a £20 note is still worth £20!!

Government issued or other known as fiat currency is worthless since that point? There is nothing backing your beloved pound, Euro or Dollar anymore!!

Every £1 you put in the bank they loan out 0.90 of it to other people creating money out of thin air.

It’s called fractional banking. Banks are just making money out of thin air, or just entering digits on a screen and wallah you have more money,just like magic!!

The biggest scam and bubble in the world is fiat currency. They are having to print themselves out of debt & they can not even print enough of it to do that. It’s a joke!!

If you think your money is safe in the bank think again. The biggest financial crises we may e et see is just around the corner.

Some banks are even charging negative interest rates l, so you have to pay to keep your money in the bank.

The banks are hanging on for dear life & could collapse anytime. When they do it could be worse than 2008 in my opinion.

They are so scared of what Cryptocurrency can do to their power and they are doing all they can to fight it now. The worst thing that they fear in my opinion is You and I start using it.

Cryptocurrency is a peer to peer cash payment system and gives the power back to the people. You can now be your own bank purely from your mobile phone.

The banks have never had any competition to their power and Monopoly before until now.

This is is a Multi Trillion disruption that will change the way we use and transact money forever!!

Many people don’t fully understand this yet, so we have a lot of work to do, but soon millions of people will become aware of this concept and looking to get started,which will drive this even further into mainstream adoption.

Timing is key when it comes to opportunities and movements like this.

The first 9 years of Cryptocurrency was about proof of concept and this now works.

We now move into phase 2 and bring usability,better technology,more efficient ways to use and spend the currencies.

2018 is the year we take Bitcoin and Cryptos mainstream.

This is not just an investment, it’s about how this will change the world in a few years time.

There is only a finite amount of the currency, making it inflation free, debt free, clean , traceable, 100% transparent.

If you really understand what is going on you wouldn’t bescared to get started or panic if the markets dip, that’s natural.

Please do your own research though, i am not offering financial advise and this is just my opinion.

The markets can be volatile yes, for now but it will find its balance and the right price in a few years.

Bitcoin is designed to only drip feed in so many coins every 10 minutes. At today’s value that is 12.5 bitcoin every ten minuets & 1800 new coins every 24hrs.

This is going to get more rare and the value can only increase due to the high demand and limited supply we have right now.

What will happen in the future i don’t know.

This is why I am involved with mining because we are the heart beat and infrastructure of bitcoin. Mining coins allows you to gain a huge discount of the price of the coin if done correctly.

You can get your coins at a wholesale price and sell at a retail price again if done correctly. Please just ask if you would like to know more?

The miners actually are making and bringing the coins into circulation.

This is a big game and a big race between all of the miners who can process the most transactions in a ten minute period. Who ever does this gets rewarded the 12.5 coins and the the transaction fees that were recorded in that ten minute window for the work they just completed.

Who ever has the most power wins!

I can’t recommend mining enough because it gives you a hedge against the markets.and safe way to enter this concept.

if you would like more info on mining please feel free to hit me up and I can explain it all for you privately.

Mining is the infrastructure and the source of bitcoin and cryptos,

Please do not dismiss the biggest financial movement we will ever see in our lifetime. Do what you can to research it and get onboard and protect yourself from the financial downturn of Fiat Currency if or when it happens.

A great source for research is

http://www.thecryptopros.com

Fiat currency is becoming worthless and has lost 97% of its true value since 1931

Cost of living goes up, products get more expensive, you are working harder for less. Does that sound a good trade for your time and hard work?

Here is a video i made last night explaining this in more detail.

i highly advise you watch it and start doing your own research into something that could impact t your life , like it has mine.

https://www.facebook.com/joby.boughey/videos/10156379618965166/

Disclaimer – I offer no financial advise and you enter this at your own risk after you have done your own research and made an educated decision for yourself.

Conclusion –

Cryptocurrency in my opinion is the evolution of money and will change the way we use and transact money forever!

This concept solves a massive problem to the world with 3.5 billion people unbanked around the world who have no financial way of storing or holding money & now we can bank the unbanked.

This is just getting started so do your own research and do what’s right for you.

The Crypto Pro’s

What is going on in the Cryptocurrency world..

Here is an overview of what is happening in the Cryptocurrency world right now?With lots of ups and downs, high volatility, unpredictable markets, it is clear to say unless you understand the full power of this concept you may make the wrong decision.

Some People are uneducated and and thought they would double, triple even more their money in a few days with #Cryptocurrency

This is not what this is about and it’s not just an investment it will change money forever!

The concept of Crypto will help billions of people around the world have financial services, conduct business and drive the local and regional economy in a way they have never had before.

The Kenyan farmer can now conduct business with someone in the uk purely over a mobile phone.

When a Cryptocurrency has such high gains in a short period of time and starts to correct itself people panic and don’t understand that is how currency works.

I am glad it’s had this huge correction now because it veins out the weak investors who are only in this for their own greedy short term gains and have no clue what this about. They are joining because of Fear Of Missing Out syndrome.

This is not for the weak, it is very risky but if you truly understand what we have here in our hands is just simply phenomenal. Now watch what it will do in the next year!!

This has not even started yet. We are at such early stages and the best coins/ projects have not even been invented yet..

The greatest financial evolution we may ever see is unfolding before your very eyes.

The time to really start your education is now or you will be left behind!

All of the events I go to and speak at,people don’t care about the price today they care about how it will change the world in a few years time. That is an incredible energy you just can not grasp until you are really in the understanding of what we here.

Up until now it’s just been an experiment , but now we have proof on concept. It works!!

2018 is about usability and having a peer to peer cash payment system that we can transact money anywhere in the world like sending and email..

This is the year we see mainstream adoption unfold and we see cryptocurrency

Become something that writes history. I truly believe that!!

Do not underestimate

the price of #bitcoin and the other Cryptos right now, you have not seen anything yet..

Conclusion

Cryptocurrency as not even started yet. This is just the begging so do not underestimate this concept we have a long way to go to help educate the masses, but. It will. Be worth it. 2018 is the year we see mainstream adoption and the technology become easier, faster and more efficient to use.

The time is now to start learning about and if you are interested please send a message to be included into our education groups.

We are here t help you understand Cryptocurrency and the Blockchain Technology

Here is one off our fan pages you might like;

The Crypto Pro’s fan page

https://facebook.com/thecryptoprosfanpage/

The Crypto Pro’s group

https://www.facebook.com/groups/385693181623850/

Why are the Alt Coin prices are going crazy

Oh my god what is going on in the Cryptocurrency markets?

Is this just not the most exciting thing you have ever seen?

I can not contain my excitement!

2018 is the year we see Cryptocurrency go mainstream and hit critical mass where millions of people start adopting this concept & I bet my bottom dollar on that…

Let’s talk about the Alt Coins and why the prices are going crazy? These coins are making massive gains in this space and we are seeing coins with 80% + returns in 24 hrs, it’s ludicrous & the most exciting thing at the same time.

The question is why though?

The Crypto space is something that will change the world, but is the potential for mass gains in a short period of time that is really exciting for people. Millionaires are being created and there are billion of dollars being poured into this industry.

Everyone wants a piece of the new Gold Rush, the next biggest opportunity since the dot com boom, the next big thing is here and 2018 is the year I truly believe we see mass adoption across the world. Some of the biggest commerce stores look like they are ready to start accepting these alternative currencies as payments such as Amazonwho created 3 domain names specifically for Cryptocurrency,. When that happens these prices are going to explode in value. No doubt about that from what we are seeing right now!!

Please do your own research and make your own decision on this concept.

All increases and stats you see below are over a 24hr period – 3/1/18

  1. Ripple — $3 with a MarketCap (MC )of over $122bn.up 33% today
  2. Cardano – Up to $1 with a 42% increase today – $28bn MC
  3. Stellar – 0.90c – Up 72% – $16bn MC
  4. NEM – $1.32 – Up 36% – $13bn MC
  5. IOTA – $4 – Up 1% – $11bn MC
  6. Tron – $0.8c – Up 17% – $5.6bn MC
  7. EOS – $9 – Up 1.1% – $5.3bn MC
  8. Qtum – $58 – Up 3.7% – $4bn MC
  9. Raiblocks – $27 – Up 10% -$3bn MC
  10. Verge – $0.14- Up 1.88% – $2bn MC
  11. STeem – $8 -Up 45% – $1bn MC
  12. Status – $0.56 Up 88% – $1.9bn MC

Here is a video I recorded talking about what is going on in this crazy industry right now.

Please do your own research into these coins, I offer no financial advise what so ever.

The time is now to act and if you would like to to purchase any of these coins please visit http://www.bcbitcoin.co.uk for all your Cryptocurrency needs. You can email them direct in Info@bcbitcoin.co.uk . Please QUOTE – CRYPTOGROUP to get our discount and special preferential treatment. You must quote this to get que jump and discount..

What are your thoughts on the AlLT COINS ?

What coins do you like and why?

Many thanks

The Crypto Pro’s

P.s

Please subscribe to our blog to get all the updates and latest news & follow our social media channels as well.

The safest way to to start your Cryptocurrency journey

We run an education programme and Group to thousands of people around the world. I have been in this industry for 5 years and I see a lot of people talking & giving opinions and advise that is not to accurate or correct.

The Cryptocurrency concept is just getting started and you have the potential to really do some good things this year.

Always do your own research and make up your own mind though.

Here is a blog I wrote yesterday giving some advise on some of the best coins to watch out for in 2018 –

https://thecryptoproezine.com/2018/01/01/what-are-the-best-cryptocurrencies-for-2018/

There are 3 strategies you can take getting into Cryptocurrency

1- You can start buying and holding the coins you like & when the time is right for you then you can sell to make a profit.

I believe this is more of a long term strategy but up to you.

I can recommend the best coins right now for you too by reading the blog I posted above.

3- Trading

Unless you have trading experience, I do not recommend it as can be very risky and it’s a skill set that takes years to learn

Neither do I recommend joining sites like Etoro, iq option, plus 500 they are pure scams and are enticing you in to get you bitcoin, Ethereum, ripple etc.

You do not own these coins on there it’s just a cash value not actual Cryptocurrency and if you don not know how to trade you will lose money fast as you put it in, be careful!!

3- The safest and most secure way is to mine coins & yes it is profitable if you know how.

I do not recommend buying your own machines though. I was doing this for a long period of time and the electricity was costing me more than I was actually mining.

I am partnered with one the biggest mining facilities in the world and are in the middle of installing over 200 Million Dollars worth of new equipment and by April will be one of if not the biggest mining facility in the world.

The movements can be very volatile and risky in the markets so this is a safety net into the concept.

I personally do strategy 1 & 2 diversify and spread into many cryptos that I like and have the mining as my hedge and security against the markets.

Mining allows At today’s value costs about $2000 a coin to produce in our warehouse & on an exchange in nearly $15000 a coin. That’s a big difference.

So no matter what happens in the market place you are always safe and in profit.

Your coins are making coins every 24hrs

Win win!

Next week we are actually doing a 4day tour around the south of UK starting on 8th in Kent & on 9th Jan in Hertfordshire, 10th in Bournemouth & 11th in Devon.

Flying over is one of the biggest Bitcoin and Crypto educators to come speak about the industry and show people how to get onboard with a safe and secure manner.

You must come & I highly advise If you want to learn about this concept in a correct way you should come and listen to Max Nilsenius speak he is incredible & one if the the most knowledgable individuals you will ever meet.

✅Tickets for The Crypto Group South of UK Tour

🔵We kick of our Tour in Rochester, Kent @ The St George’s Hotel.

📝https://www.facebook.com/thecryptoprosfanpage/posts/1863455323917502

🔵9th Jan at The De Vere Hotel, Theoabalds Park, Cheshunt, Hertfordshire.

📝https://www.facebook.com/thecryptoprosfanpage/posts/1863469447249423

🔵Bournemouth 10th Jan @ The SpyGlass & Kettle.

📝https://www.facebook.com/thecryptoprosfanpage/posts/1863474637248904

🔵Jan 11th at The Cedars, Barnstaple.

📝https://www.facebook.com/thecryptoprosfanpage/posts/1863762707220097

If you need any help learning about this concept please just ask.

Many Thanks

The Crypto Pro’s

Let’s talk bitcoin Ethereum litecoin Monero & predictions for 2018

What a Mad world Cryptocurrency is and what a year it’s been!!

Have you ever seen anything like this & did you ever expect to be finishing the year end with such mayhem?

20,000% increases, corrections that make you cry, sweat, moments that nearly give you heart attacks & unbelievable moments that make you cry with joy and happiness.

The world has truly gone mad and people are losing sleep the minute they understand this crazy concept.. I am receiving so many calls hearing the same thing and I just love it, welcome to my world for the last few years hahha 😂.

Now can you see why I am so excited and have been shouting this from the roof tops for so long. I remember when I first got started in this industry and I was telling people how it will change the world, and everyone looked at me and thought I was mad😱🤡.

Now bitcoin, Ethereum & litecoin to name but a few have given us proof of concept and shown us that this actually works. Peer to peer banking, decentralised networks & technology that will change the way we use and transact money forever!!

This is just the start and such early days but it is just such a nice feeling seeing my friends, family and network really taking this concept seriously now because I know it will impact their lives in more ways than they can even imagine.

2018 is going to be the year the Cryptocurrency goes mainstream & we see mass global adoption. Usability will become much easier and technology is moving so fast that it is going to evolve in front of your very eyes at such a pace it will shock you.

The question is are you ready for the ride of your life in 2018?

Do you want to really learn how to profit from bitcoin and the alt-coins?

You need to do your own research & take your time first though which is very important do not get caught up in FOMO mode are your time and do what’s right for you!!

You can start here on my website – http://www.thecryptopros.com

Anything you would like to learn or know you are more than welcome to reach out and I will try to help you the best I can.

Let’s talk bitcoin,Ethereum,litecoin,monero and some strategies to help you profit and position yourself correctly for 2018.

P.s

Please subscribe to get all the updates and stay in touch with what is going on in the industry.

The Crypto Pro’s

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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