Just got a recommendation for two exchangers without login, but don't have any experiences with them: Godex and Changer. They can be scam. They are told to be anonymous without needed email, but also don't know the fees. Maybe someone knows these services and can tell more. Would be interesting.
I never heard about Godex, so I wouldn't trust it. About Changer, I just found this: I think changer.com is selectively scamming customers. I did a few small test exchanges no problem but the first time I did a larger exchange they claimed exchange complete but coins never received and the exchange is not on the blockchain. Emails to support are not being answered not a good sign. If this was just a stuck transaction support would be answering emails. Recommend you do not use changer.com.
Be careful. Many thanks. As the one was reccommended by the same source as the second, this is for sure also scam. |
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Edit: Deleted the two "services". Many thanks TryNinja for your research.
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The best is to prepare for an exit as early as possible and devide your change backs on several ways. I don't know any big exchanger, which I would entrust one big amount so the way is to minimize the risk of losses.
Choose more than one exchanger.
Build up or search for a trustable local community, so that you can exchange also without bank accounts.
Choose also more than one bank account. Not seldom money got frozen by banks. Be informed by law and taxes in your country. Keep also crypto amounts. I think, you will also be able to pay for daily life with crypto in near future.
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No. Coinomi was just caught last week with a newbish mistake. Just google for: coinomi security flaw
A good smartphone wallet is Mycelium.
And yes, especially if you are not great at tech, a hardware wallet can be a savior.
I read about it. But as I read, it was a desktop only flaw. They sent data to Google or something like that. Yes mycelium is much better you are right Oops, again caught? Coinimi was still my favorite wallet. Samsung Galaxy S10 is told to get a Bitcoin wallet. Am not sure, which solution they offer, a kind of implementet hardware wallet or just a default app. Back to the topic: No, doesn't help, but wouldn't be a mistake to have a security app. My favorite is Sophos Mobile Security cause its free, quick and complete. |
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Its still a reliable and trusted exchange than the rest that are just coming and lists different set of altcoins. Bittrex's popular decreased overtime when Binance started to emerge. Last year's were the years of bittrex,poloniex and other exchanges on their prime. I wouldn't be surprised if next year Binance starts to decrease their popularity and another new exchange will be recognized to be good.
The service can't be "reliable and trusted", when customers funds are kept because of their TOS changes without prior notice and the chance for withdrawal. That is not a legal practice in my eyes and carries the risk, that they change again their rules and keep also the funds of their current few customers, they still have. |
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There is no excuse to suddnly implement KYC without prior notice and freeze funds. The funds, they holded, are the user's funds, so I can't name bittrex as reliable exchanger. as long as users can't withdraw their money, independent from KYC proceedings. Poloniex implemented KYC in a legal and correct way. They gave a notice months before and gave users the choice to withdraw their funds and/or agree with the new regulations.
So, Bittrex will loose its popularity.
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This question brings me to another one. Does anyone know trusted service buying bitcoin through paypal? I saw good services, but none of them pays out to PayPal.
I know of virwox - next to localbitcoins, this one has the highest volume so you can easily get a btc-pp / pp-btc trade in no time. What's good in virwox is that they do something to prevent chargebacks on paypal funds. You can read more if you visit their site. etoro - this one is for non-us. Unfortunately, the btc you bought here can not be widthrawn. It's like a trading platform where you can only trade the btc inside and you can withdraw it by converting it back to fiat. wirex - a very popular option and have a smaller fees compared to others on this list. downside tho is exchange is not instant. You'll need to wait for days. and paxful - site is very much similar to local bitcoins but with less traders so less offers. I rarely trade btc - paypal or the other way around so I haven't use any of the sites I mentioned. When I trade I am only looking for trsuted people here in forum to avoid extra fees. Awesome list. I know a few of them, but not all. Many thanks for your descriptions. I think, the BTC to PayPal thing is not solvable, because of the 180 days rule. |
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Payment recieved,;many thanks to BlocVehicle for a great campaign, peoject and payment and also many thanks to zazarb for fast proceeding as always  |
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Because short term trades are accompanied by luck. If you keep your coin for several months or years, you will have big profits, I guess. The cryptocurrencies will attract many more investors in upcoming years.
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I would say, long term trading brings the best profits. If you look at beginning of last year, nearly all well established coins multiplied their prices.
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Hashflare and also all others. Also eobot doesn't continue mining and I also read some posts about Genesis with the same thing. These were the only ones, which paid a few years. Ok, I never reach the ROI with my investment, but they paid.
I have doubts, that they really mined.
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This question brings me to another one. Does anyone know trusted service buying bitcoin through paypal? I saw good services, but none of them pays out to PayPal.
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If it was one year ago, I would have suggested cryptopia, but nowadays, I can only say, that BTX seem to be listed there. https://coinmarketcap.com/de/currencies/bitcore/#marketsThe markets are beyond BitZ: - Cryptopia - Exrates - CryptoBridge - CoinExchange - Trade Satoshi Maybe some have good experiences with one of the markets. |
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For "physical notes" of Bitcoins you need a centralized service, that garants the worth of the "Bitcoin note" and that it wont be used after selling by the seller. There are two possibilities of creating Bitcoin notes. The first one is handing out the whole wallets for a certain amount with the private key. The second is a kinde of gift card or coin and a service, that hands out the Bitcoin and transfers the amount to your wallet. But you need a third party for it.
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Ripple has its focus on xRapid payment system with new cooperation partners. But XRP doesn't seem to take profit on the success of Ripple. Maybe the investors don't trust the bank cryptocurrency. So it is also not in my portfolio. But in comparison to the beginning of last year, it is still in a good position and could profit on longterm with generally succeeding crypto market.
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Mostly funds are lost, when coins are sold, as soon market shows a downturn, instead of keeping a solid portfolio on long term. Also often mistakes are made on day trading with only one coin and risking too much money. Successful day traders can grab good returns already with very small investments and multiply their intial funds.So there is no need of throwing away much money on day trading.
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On blockchain each full node is not dependend from a centralized service. The technologies of the blockchain are not new. We had cryptography already and p2p networks. The combination of all those technologies makes blockchain so successful, unique and secure. We will soon see, that Blockchain will take an important part in our personal and business life.
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The movements of the whole year 2017 were mainly caused by the attention of mainstream media and speculants. It was in my eyes an abnormal fast upturn of nearly all well established cryptocurrencies. Now we have a market again with steady upmovements, which reflect the blockchain based developments.So my advice is:
1. Keep your money out of crypto, that is needed to pay your bills.
2. Think long and don't follow each little market movement. Keep your coins.
3. Build up your longterm portfolio with some well established cryptocurrencies.
4. Keep your eyes open for innovative blockchain based projects.
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When the crypto market will rise, then Bitcoin is the first choice. The mainstream will first invest into well established coins, mainly Bitcoin, because it has the highest acceptance and can in many countries easily be baught f. e. on ATM. Bitcoin is also the main currency, that is used to buy altcoins.
Also projects, which use the blockchain for innovative improvements/developments at traditional business and personal sectors, will be the winners in near future.
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To keep cryptos in trading platforms implies several risks like for example:
- The platform gets hacked and funds oftenly are not insured.
- The platform can cheat you.
- The platform becomes bankrupt by mismanagement or unlucky circumstances.
- The TOS of some trading platforms don't allow to keep funds there without trading.
Also keeping funds on wallets is not without risk especially for newbies.
Mostly loosing private keys/seeds can cause loss of funds.
The best is to use more than one wallet and only keep money at trading platforms, which are active used for trading. Also use more than one trading platform.
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