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1  Bitcoin / Bitcoin Discussion / Cryptocurrency fraud and scams on: March 20, 2020, 07:08:03 AM
how they happen and how you need to pay attention to safeguard yourself against them.
The Computer Science saw a different phase when cryptography mechanism was introduced with Bitcoin. With this big of a change, threats of fraud increased, to safeguard from these malicious activity is extremely important. Startups without blockchain should not be trusted at all. Before committing to any company, their credentials should be reviewed.
There are many fake ICOs that can scam people easily. The best way is to do research before being affiliated to that exchange. Another way is to send an email and ask about the exchange to be cautious. Phishing is another way to scam people, by asking their details and asking them to invest their Bitcoin or any other cryptocurrency. Fake Airdrops and Punycode are most common tricks.
There are many unregulated brokers that can lure clients in lower prices and trading products and fast returns. So, one needs to be vigilant. The automated trading systems are not scams but  they will take any opportunity to earn profits. Exchanges will charge an unfair amount to withdraw, the best way to avoid is to already be aware of exchanges price differences.
Fake emails look so authentic but at the end they are still fake. Check every bit of information before acting upon it. Many companies copy and paste some other company’s whitepaper, rather than having an original idea of their own.
Most exchanges use fake information for their team members. To be careful one must look for incomplete or inconsistent information and odd details.Inconsistent texts or details on any part of the website is also a red flag. One should read and proofread to be sure.
People should run scans to look for any Bitcoin miner or bot in the system. Companies will do anything for money, to ensure safety and security right websites should be used. There is a lot of responsibility one needs to practice in order to be careful.
2  Alternate cryptocurrencies / Altcoin Discussion / Integrating cryptocurrency in business on: February 17, 2020, 07:48:33 AM
Globalization is the biggest milestone modern society has achieved in the 21st century. Along with it businesses have grown and set themselves up in every corner of the world. This requires the introduction of new techniques in the growing demand for goods and services, like different methods of payments available that are secure and versatile. This also calls for integration of cryptocurrency in the businesses. The market for cryptocurrency investment, integration and development is new and small, it is still in its early stages of growth. The application of cryptocurrency in businesses will open new doors.
The setting up of cryptocurrency payment medium is the first and foremost step in the integration process, as it requires ample amount of time compared to other methods of payments. Businesses have developed their own crypto wallets to carry transactions in a safe and easy way. There are cryptocurrency exchange markets that work as an intermediary in the process and will charge for the utilization of crypto wallets. Various methods of payments will give customers options to choose from on their own comfort.
Cryptocurrencies and its many payment options will attract international customers. Cryptocurrencies approachable payment will enhance the adjustment and appointment for the businesses. The digital currency’s fluctuation might become a minor hindrance as the consequence of the integration, but it will minimize fraud risks.
Cryptocurrency is for sure a very attractive and interesting advancement in the new century. Businesses need to closely look at the pros and cons of integrating once and for all in their plan, also planning the outcome of such a step. Positive results will be a sign to go for it without thinking much. Various payment methods and the fiat currency’s exchange will make it all worthwhile.
3  Bitcoin / Bitcoin Discussion / Are you currently holding cryptocurrencies and now speculating what will happen? on: January 07, 2020, 08:34:44 AM
Individuals are still practicing old traditional ways of transactions to accomplish the money stream. However, Cryptocurrency Era has arrived and people aren’t aware of it. If we see this era with future perspective, different industries and businesses will switch towards cryptocurrencies to pay for their services. With this, the middleman will be completely removed from many progressions. This progress will cut down costs and will offer cheaper services for the end user.
Cryptocurrencies will influence the future, as the protocols are getting tighter. Countries like the United States, United Kingdom and Australia have accepted cryptocurrencies. Many countries will be accepting cryptocurrencies in the near future. IoT is already here.
Crypto world will emerge into the ultimate trading option as more cryptocurrencies will be introduced. The trading will take place between all these different currencies once the prices of crypto increase. One of the most demanded features is the fast transactions, which will take place with the advancement of technology, with this downloading and transfer will happen within seconds. Games, books, videos and music will be combined in a blockchain and sent through crypto wallets, with the high speed feature. The most influential crypto coins are here to stay but it won’t halt the birth of other crypto coins, it will increase with time.
Cryptocurrency schemes are on a growing phase. On predicting cryptocurrencies future, features like the grand crypto bull market will continue. As with fast-track, every day it effect extensive implementations.
As soon as they are broadly approved, will become the next version of the technology in all regions. Crypto will easily be converted into currencies and vice versa. Cryptocurrency Development Services have emerged in recent times for the betterment of investors who would like to create a foundation.
According to some sources, cryptocurrencies will fall down while experiencing fluctuations, which is making the traders and the holders worry. But as per the market experts, this is just a matter of time.
Bitcoin is still very much used and adopted all around the world to this day. It has been accepted by organizations and payment gateways all across the world. So what about Altcoins? Are they worthy to buy in future? To predict the future is very hard. In the cryptocurrency world, prices are very volatile. Dealing with the issues of transparency and scalability problem, might effect cryptocurrencies in the future.
4  Economy / Exchanges / Crypto Exchange on: December 27, 2019, 06:25:43 AM
Security is the main concern about crypto exchanges a lot, but what about high speed? Transferring money from one wallet to another? If trading of crypto currency is being carried, the speed will be low when at one time many people are using the exchange, then how do exchanges prevent that from happening?
5  Economy / Exchanges / Crypto Exchange on: December 19, 2019, 05:25:13 AM
Since exchanges have had a history of being prone to hacking, does any crypto exchange offers security strong enough that helps to prevent this?
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