What's good these days ? My old exchange quadriga went bust and I'm looking for a trusted exchange that's simple and doesn't require registration or personal info. just email at most. I only have small amounts and only want to convert and not neccessarily withdraw.
Right now most of reputable exchanges going with KYC but you can still go with Binance as they are not asking for this but limit is 2 bitcoin and if you complete your KYC then you can withdraw 100 bitcoins in 24 hours. Binance is a good option and I would have suggested the same but there is a catch. If in case you had enabled 2FA which most of us should and lost your phone or reset your phone and basically lost the 2FA code without backing up the code for 2FA then you "must" undergo the KYC process to get the access back to your account. |
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Can somebody provide reviews of any of the sites mentioned in OP ?
Do these sites pay in crypto or are they genuine at all ?
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Even if the interest rate is 7% per annum, why would anybody take that kind of risk with their money.
You are basically giving out your money to someone you don't know and hoping to get 7% more in return at the end of 1 year.
You know how good hackers are at hacking such exchanges and services right. I am sure I would never take the risk of investing my money just for a mere 7%.
I would rather hold it in my wallet and hope BTC to increase 7% more than it would normally do.
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I've recently tried purchasing Bitcoin, and because it was a large amount the bank required me to call their fraud department, and confirm it was me. This is considered normal practice, and I didn't think I would run into any issues. However, when stating the reason for sending a large amount to buy "cryptocurrencies" it seemed to trigger an alarm, and despite me verifying that it was indeed myself, they went into depth about being sure that the company I was sending it to was legitimate. I verified that I had done my homework, and this particular company has transacted millions worth, however they were not convinced. In fact, they went as far to say that this sounds like a scam thats been going around recently ,and even though I said I accepted that risk, I still wanted the payment to go through. He said he would try to push it through, but came back a minute later, and said it was unsuccessful, and I would be required to go to the bank, and send it from there.
The thing is I actually live quite a bit away from my "local" branch, and with the pandemic going on, and a few cases they still advised me to go to the bank. This is annoying, and has convinced me to only use a bank for what is necessary. I can't verify whether this was a genuine concern about fraud, or if it was because it involved cryptocurrency.
I'm wondering if anyone else has had any issues with banks when purchasing crypto recently. This particular bank doesn't seem very friendly to cryptocurrencies because of previous actions, but I've also had no problems. I've also transferred out larger amounts with no issue other than confirming that I wanted to send it over the phone.
My works unfortunately only pays via bank, and therefore owning a bank is necessary. However, I'm thinking about regular withdrawals, and converting to Bitcoin. However, for that to happen I need a bank which actually allows me to send via the internet, and not go to a branch which isn't even local to me. I understand, that banks try to protect their customers from large amounts or any unusual actions, but requiring my physical presence is often not convenient, and prevents me from moving my money whenever I want. Although, because of this happening to me personally this has personally reinforced my beliefs that whenever possible you should be in complete control of your money (private keys), and use a system which you do not rely on third parties like Bitcoin, but this is still rather annoying.
There might be various reasons why your bank is not processing the transaction. 1. Bank might be against cryptocurrency transactions 2. Bank might be genuinely concerned of large transactions as yours 3. Bank might be suffering losses due to Corona and want to hold money from larger transactions |
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We would need stats and facts in order to speculate bitcoin's price and there must be a solid reason why the price would increase.
Though the upcoming is a good reason for a bullish signal but the current Corona situation has taken the whole world down.
We don't know how long will it last and so speculating anything would just be in vain unless the Corona situation is not over.
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I don't really think that this would make any difference to bitcoin's price especially in the current market where Corona is taking over every market.
Though it's a nice feature and Apple pay supporting it is a big deal but as per the crash in the economy nobody will actually use it.
Despite that, Opera has a low userbase and so this won't make a big difference in the price of bitcoin.
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Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.
Bitcoin has faced worse crashes in it's history and that too multiple times and so compared to that we are in a better phase as of now. We don't know yet how long this Covid-19 situation will last and hence we can't say if the upcoming halving will over take the Corona crash or not. If the global economy stabilizes by the time halving occurs then may be there are chances that bitcoin might rise again. |
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The effects of pandemic on bitcoin is directly related to how severely it affected the global economy.
In case of Covid-19, it affected the global economy really bad crashed the market. This created a huge impact on bitcoin as well and declined it's price by half.
It's not necessary that every pandemic situation will impact the market in the same way.
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If you give me options between the three then I would choose trading because I have done trading and have a little experience in it as well.
Gambling is more of luck in my opinion and it can not yield profits constantly. I haven't tried binary options yet since I have heard that it's risky.
Trading is a better choice here since you would actually know what you are doing with your money.
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That's a nice strategy but I would suggest that you alter the numbers a little.
Instead of investing 35% in USDT, you can invest 30% in USDT and 50% in BTC and the rest 20% in ETH.
Cryptocurrencies are at a very cheap price right now. So investing more in coins would yield bigger profits in future.
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One more doubt that i have guys is, The other day i was participating in some lottery of heisenberg and was asked to post my bitcoin address.For that i had to generate one bitcoin address in one of the wallet,While doing so i came to know that there are 3 types of wallet address 1) P2PKH 2) P2SH 3) Bech32.
I got curious and i googled it immediately and i got the basic of them like each one starts diffrently.P2PKH is also called legacy format and it starts with"1".
P2Sh starts with 3 and Bech32 starts with bc1.But I want to know why there are three addresses and what is the technical details of them.
Can any one help me with this?
There are basically 2 types of addresses Legacy and Segwit (Segregated Witness). Segwit in turn is divided into two types as Nested Segwit and Native Segwit. Which is why Legacy (P2PKH) addresses starts with 1Nested segwit (P2SH) starts with 3Native segwit (Bech32) starts with bc1 Basically, Legacy is the original bitcoin address type and Segwit are the lateral versions. Every bitcoin transaction had a transaction signature which consumed some space in it's block and Segwit was created to remove this transaction signature so that more transactions can fit into that block which eventually reduced the transaction fees and increased the number of transactions in the block. For more information you can refer to the below link https://support.exodus.io/article/1178-bitcoin-addresses-legacy-vs-segwit |
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I don't believe a word that any Russian official says about crypto. They all talk shit and contradict each other.
Be careful with your words! They might be watching you right now  And the only bit of crypto where Russia leads is scamming anyway. It never has been a significant market. If it goes it's unfortunate for Russians but the rest of the market will pay little attention.
And more than likely if any of this is true it'll be just the same as other 'bans' - banks will not be allowed to hold, issue or sell crypto directly and there are barely any banks anywhere on the planet that do that.
Scamming is something which is not specific to any country. Most of the countries have people scamming others and so pointing out Russia won't be an ethical thing to do here. |
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Coronavirus is the reason why market is in very bad shape, it will be very stupid to exit because of this while others are making good choice presently, many are already saying it's the end for crypto but the fact is Bitcoin died several times in the past and it's still alive today, do not be fooled by those who don't understand the technology
LOL If people are saying it's the end of crypto then must also say that it's the end of the world because that's what it is all about if they are making these judgements based on the coronavirus pandemic situation. There is no other reason for the crypto market to go down like this. Even the3 stock market was not able to handle the crash and had fallen sharply despite of the centralization the stock market has. Yet the market is going down but there is nothing to worry about. Crypto has faced bigger crashes than this and has still recovered. I am pretty sure crypto is here to stay. |
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"Nothing lasts forever"
Coronavirus has crashed the entire market but the crash won't last for a long time.
As the effect of coronavirus reduces the market will soon start to recover.
I believe that this would be over within 6 months and the market will start to recover by the end of this year.
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There will be many people out there who will try to brainwash you and persuade you to leave crypto but it's in your hands whether to believe him or not.
You must be the one who should decide what to do. You should never give your decision in other's hands. If you give your decision in other's hands and that thing goes against you then you are the one who keeps regretting it but if you take the decision on your own then you don't regret that much.
You can still ask for opinions but again you must be the one to decide what to do.
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My best friend is going to marry next month and I was thinking of gift her something different than usual. Then, the idea of giving BTC as a gift come to my mind which will have 2 goals at least-
1. Unique gift.
2. A tiny promotion for BTC in real life.
I know it can be very risky because BTC is illegal here in my country but I may not resist myself with doing that. I have planned to create a paper wallet and filled the wallet with my desired amount of BTC and gift it to her.
What do you think? Will it be a good idea, remember I have two goal to achieve here.
The above all comments have a strong point and I would agree to the point that you should only consider gifting BTC to that person if she already knows about it or at least has heard about it already. It would be a great gift if the person is tech savvy herself. But you wouldn't want to make her feel that you have landed her in trouble by gifting BTC to her if she doesn't know what it is all about. |
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There are so many people out there who are owning more than 1 BTC in their wallets. It is still a good time to buy more bitcoins because it is bound to increase in future and it will more tough at that time to accumulate a whole bitcoin. Despite of that there are whales who hold hundres of bitcoins and once that comes into the market it will be more tougher for a person to accumulate a whole bitcoin after that. So this is the only good time to buy BTC.
I guess this is the reason why the number of people holding 1 BTC have increased.
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I appreciate and thank all of you guys,who are willing to respond and resolve and that allows me and newbies like me to break the ice.
And as the conversation has started on resolving a queries,I have one query.
As we all are aware about this global pandemic of covid-19 and all traditional market were down.Does these situation is also responsible for poor performance of bitcoin market too. I personally feel the VCs market must not have any effect of what is going on real world.But if we consider that it has an effect than the only reason which i think can be is the loss of money in traditional market has forced people to pull out money from VCs market, which triggered selling of currencies.I am confuse here about the technicality behind this or i wonder is there any technical reason or not? because
According to me the only reason why bitcoin has decreased so much in price is due to the COVID-19 situation across the globe. People are in a state of panic which has lead a huge crash in the stock market and this has create an impact on the crypto market too. People are willing to pay more for toilet papers, hand sanitizers and masks and are stocking up their homes with more groceries since the sores are being closed one by one. People are pulling out money from all their sources and this is the reason why investments including stocks and crypto are going down. i had gone through many threads and topic and nobody has mention any correct reason.Strangly there are very few topics also. and again spare me if i am sounding stupid  This statement is contradicting. You will find out if you read it again. Anyways, there are threads on bitcoin discussion board which are discussing on this situation. You can read those to find out different opinions. Nobody can actually tell the exact reason but as per the current situation the highest probability for the fall of the market is the COVID-19 situation. |
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Don't worry bud. It is not the end of bitcoin here. It's just a temporary dump and the markets will soon recover.
Not only the stock market but the crypto market will also recover very soon.
People are dumping their coins in fear and as soon as this problem is fixed the market will bounce back.
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This coronavirus panic is a just an excuse manipulators have to crash markets, the idea they have is, i will crash it then idiots will follow and sell too and then i will buy all back and then wait, rinse and repeat. About cryptocoins, they are doing a mistake and the best thing to happen is to happen the opposite they are betting on, I mean, idiots are expecting it to crash then it will be an extreme pump, remember, crypto is the opposite of how the market as we know is. So bitcoin supposed to be at 50k, not at 5k.
Yes bitcoin was supposed to be at 50k and not 5k but whales have accumulated of the circulating supply of BTC which is why they are able to manipulate the market so easily. Bitcoin was supposed to be distributed among the people but few people are holding a majority chunk of it. This is why they are the ones making money while the market is facing the losses. |
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