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Bitcoin Of America by Bitcoin Of America - 3d ago

Bitcoin, the very first crypto coin discovered by the mysterious Satoshi Nakamoto, is bought differently than most other products or services. It can be bought directly from other people using online marketplaces.

This crypto coin is generated through a mining process that involves a computational effort in which blockchain transactions are verified. The mining process is usually very complicated and involves solving mathematical problems of varying difficulty, software to solve them, and a schedule that ensures that solutions are discovered on a highly regulated basis. This article will provide simple guidelines on how to buy Bitcoin (BTC).

How Are Bitcoin Bought

As said earlier, you can buy Bitcoin (BTC)directly from other people using online market places. You can as well buy using a digital currency exchange or broker; some examples include Bitcoin of America, Kraken, Gatehub, and OKEx.

First and foremost, you will need a Bitcoin Wallet before you can be able to buy BTC. Bitcoin Wallets can be easily downloaded on sites such as Blockchain.infoor mobile apps such as Bitcoin Wallet for Android, or Blockchain Bitcoin Wallet for iOS.  Bitcoin of America now offers its own mobile wallet that you can directly download from the App store or Google Play. A Bitcoin wallet is a place through which you can access the digital coins once you purchase them. The wallet stores your private keys, -the keys that give you access to your funds.

It is important to note that no matter which exchange or digital currency you use, you will still need a digital wallet to in order to access your crypto currencies. There are different kinds of wallets, including hardware wallets and software wallets. Software wallets are basically apps that you connect with your traditional bank account. Hardware wallets on the other hand store your private keys on a secure hardware device that looks like a flash memory stick.

After installing your choice of wallet, you’ll be required to go to the wallet provider you’ve chosen and sign up. You’ll be required to provide your name, email address and password. You’ll then have to register with the exchange you’ve chosen.

 An exchange like Bitcoin of America will offer an application option that acts both as an exchange and as a wallet. The app allows you to trade, purchase and store your Bitcoins. With the Bitcoin of America wallet, you always have control over your cryptocurrency. Bitcoin of America never holds your coins. The next step requires you to go to the exchange’s buy section and select the amount of BTC you want to buy. Depending on the exchange, you can buy BTC with a wire purchase and receive your coins same day. The BTC is then transferred to your wallet. 

It is important to keep you wallets and private keys safe in order to keep you digital assets safe and secure. Crypto investors are usually advised not to store huge amounts of crypto in their digital wallets for long periods of time.

This disclaimer informs readers that the views, thoughts, and opinions expressed in the text/sponsored content belong solely to the author, and not necessarily to Bitcoin of America, organization, committee or other group or individual. All investments are at your own risk and should be done after careful research.

The post Importance of Bitcoin Wallets appeared first on Bitcoin Of America.

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The number of bitcoin exchanges has significantly increased since over the last couple of years. It is no surprise that more people are willing to venture into this industry. A bitcoin exchange provides crypto users a platform to trade their crypto for crypto or crypto for fiat currencies. However, it is important to take precautions before you select the correct Bitcoin exchange for your personal use. 

Firstly, you will need to identify where you want to do your business. You will need to study the environment and establish if the people within the region are open to crypto use. If you are in the United States, theres an abundance of crypto exchanges now available. However they are all differnet. 

The next step is to determine what regulations and legal processes these bitcoin exchanges follow. Do they ask you for an ID? Do you need to show source of funds. Depending on the amount you wish to purchase, there could be different tiers of verifications. Common regulations include Anti-money laundering (AML) laws and Know Your Customer (KYC). Others include getting licensing and registering the exchange with relevant authorities.

In recent days, many exchanges have had to shut down for failing to comply with the set regulations.

Another thing to consider is liquidity. All exchanges need liquidity to operate successfully. Having liquidity helps your customers trust your business in order to place orders and make deposits on your exchange.  Is this a reputable exchange? Are they well talked about? Are they known in the media?

Probably the most important item about a bitcoine exchange to a consumer is how fast they receive their coins. Some exchanges take 5-7 days to receive bitcoin. Others such as Bitcoin of Americawill offer you a same day settlement and you receive your coins the same day. It is also important to see if there is a customer service option. The worst thing is having an issue or question and having to wait 72 hours for your matter to be resolved. Some exchanges such as Bitcoin of America have live customer service and email support which makes matter so much easier. 

Lastly, you will need to ensure your bitcoin exchangeis secure. They should have top-notch security. Security is essential in protecting your customer’s funds from attacks.  Any breach on their platform can be extremely catastrophic because Bitcoin exchanges can end up losing all your funds leading to closure and legal actions.

This disclaimer informs readers that the views, thoughts, and opinions expressed in the text/sponsored content belong solely to the author, and not necessarily to Bitcoin of America, organization, committee or other group or individual. All investments are at your own risk and should be done after careful research.

The post Important Characteristics of Bitcoin Exchanges appeared first on Bitcoin Of America.

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Bitcoin of America launched 4 years ago with a vision of rolling out Bitcoin penetrability to as many people as possible. To this end, a lot has been achieved with regards to this initial vision. The company has rolled out several Bitcoin Teller Machines (BTMs) in the US over the last four years and hope to grow its outreach even more. Now Bitcoin of America is unraveling its mobile application to make buying Bitcoin even more user friendly.

First over the Counter Bitcoin Exchange

At the time of its launch, Bitcoin of America was the first service offering over the counter Bitcoin Exchange as opposed to buying, selling or trading online. The company first launched in Chicago before it went into other states and cities in the U.S. with its Bitcoin Teller Machines (BTMs).

Having achieved this goal of providing Bitcoin trading services at the convenience of buyers and sellers, Bitcoin of America is looking at a new target market- the mobile applications market. With this move, the firm will be able to provide real time services and support to its users from across the world.

Bitcoin of America’s Services On The Go

This has been done by capitalizing on the mobile applications market where they have come up with a Mobile app for both Androidand iPhoneusers. The application allows you to have Bitcoin of America’sservices on the go and at your convenience.

The mobile application has first been rolled out on the Apple and Android platforms. It will allow you to buy, sell and check for conversion rates on your phone or tablet at any time among other functions.

The app’s Unmatched Functionality

Bitcoin of America is a registered Money Service Business (MSB) which specializes in cryptocurrency. Services offered on the app include Buying, selling and generally trading of Bitcoin and other cryptocurrencies. 

The app is simply Bitcoin of America’s platformbrought to your phone. It will allow users all services provided by Bitcoin of America albeit in a simpler, more convenient way. One will be able to sell or buy on the platform with dated time stamp and volume trades or price, making the trade extremely transparent. 

Click and Wire Secure Service

Users will be able to buy Bitcoin in bulk using bank wires, a function that will let you connect your Bank with the app with a simple click of a button. You can create a trade to buy bitcoin on your phone, and then simply send a wire from  your bank account.  This also applies to sales where the amount sold will be wired straight to your bank account. Bitcoin of America follows all banking procedures and policies as prescribed by FINCEn. Bitcoin of America has unrivaled compliance and KYC/AML policies in place to ensure a smooth, fast and safe transaction. 

User friendly Interface

The application is designed with the end user in mind. It comes with a simple to use interface where all services can be obtained without much hassle. Emphasis has been given to the user, with customer support on the app available 24/7. This means that any issues will be addressed faster and more conveniently. The app has a ‘contact us’ page from where users’ concerns will be addressed.

In terms of compliance to security requirements in an age on ever-increasing online fraud, the application is properly enhanced to meet the cryptocurrency consumers need when it comes to buying and selling Bitcoin.

This disclaimer informs readers that the views, thoughts, and opinions expressed in the text/sponsored content belong solely to the author, and not necessarily to Bitcoin of America, organization, committee or other group or individual. All investments are at your own risk and should be done after careful research.

The post Bitcoin of America Launches Mobile Application on Android and iPhone Platforms appeared first on Bitcoin Of America.

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Bitcoin is the world’s most popular and widely used cryptocurrency which is breaking all records. Initially Bitcoin and the concept of digital currency were hugely criticized but with time its use started growing. Many online trading platforms and BTM kiosks are coming up where enthusiasts can easily buy or Sell Bitcoin in few simple clicks. In last couple of years its popularity reached new heights; popular figures from the world of business have openly praised Bitcoin and its underlying technology. Recently Twitter CEO, Apple Co-Founder and IMF Chief have praised Bitcoinand its growing popularity. Not only that, some have even gone to the extent of saying that Bitcoin will replace traditional currencies soon. 

Traditional currencies are in circulation all around the globe, but IMF boss Christine Lagarde believes cryptocurrency will transform the way people invest and save. Digital currencies are a whole new concept which brings along range of features and specialties over traditional currency. To make buying or Selling Bitcoin easy, there are many online exchanges available. Enthusiasts can trade using Smartphone, tablets or laptop anywhere anytime. Bitcoin is still at its ascending stage and such praises from popular figures will give this digital currency unexpected boost. Christine Lagarde, the head of International Monetary Fund or IMF was very clear and sure about the global benefits of Bitcoin. She even went on to say that digital currencieslike Bitcoin will enable inexpensive and fast transactions, and the underlying technology will make all financial markets safer. 

Boost to Help its Cause

This recent statement from the IMF chief should boost the confidence of Bitcoin traders or investors, as of lately its going through a rough time. The price of world valuable cryptocurrency is hovering around $3,600. Such statements from popular figures will help enthusiasts gain trust on Bitcoin. 

It is quite true that there are many technologies from dotcom era which have transformed the lives of common people. IMF chief believes that cryptocurrency in the similar way will create a significant impact on how people invest, pay bills, save or transact. Already you can see so many online trading platform available to buy or Sell Bitcoin. These days such easy and fast transactions will create a huge impact in the lives of common people. 

Ms Lagarde also believes that there should be an even handed approach to regular Bitcoin and other digital currencies so that all people can exploit all its benefits and simultaneously cut down all risk possibilities. In recent times stories of hacks and scams have been a matter of concern in few countries, regulating it will reduce such cases. Moreover enthusiasts will be confident of using trading platforms to buy or Sell Bitcoin knowing they are not cheated. Before all cryptocurrency assets can transform the financial activities in a lasting and meaningful way, they should earn the support and confidence of authorities and consumers. 

Initiative to make Cryptocurrencies Safe

Its now clear that Bitcoin is here to stay and has created a huge impact in the financial world. Its time to take an initiative so that the global regulatory communities can reach a consensus on the role of cryptocurrency.  As cryptocurrencies have no boundaries, its important to have international cooperation. However following this claims the IMF chief also posted an article on her blog addressing the dark sidesof digital currency. Its quite obvious she wants the world to consider the negative side too and want people to understand the perils which comes along with the promise. Some of these potential problems are because of its semi-anonymous and decentralized nature of the technology.  All such pitfalls include new methods of money laundering, financing terrorism, and facilitating purchase of weapons and drugs over the internet. 

Keeping aside the negatives, the recent positive outlook from IMF boss about cryptocurrency will certainly help in gaining the trust of people who were against it. What do you think?

This disclaimer informs readers that the views, thoughts, and opinions expressed in the text/sponsored content belong solely to the author, and not necessarily to Bitcoin of America, organization, committee or other group or individual. All investments are at your own risk and should be done after careful research.

The post Cryptocurrency has Transformed Digital Currency appeared first on Bitcoin Of America.

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Bitcoin Of America by Bitcoin Of America - 3w ago

Bitcoin is the most popular and valuable cryptocurrency available in the market. Since its inception in 2009 there has been over 1500 cryptocurrencies launched in the market but nothing came close to it. Bitcoinhas been ruling the market ever since it was introduced. However with growing popularity of Bitcoin there are few complications coming up with the cryptocurrency. Two of the major issues are its high transaction fees and time. Booming price of Bitcoin in the last year created a huge buzz in the market and it goes far beyond free market libertarians and technology enthusiasts. Many new onion trading platforms are available where users can buy or Sell Bitcoin in few simple clicks. 

Alongside Bitcoin popularity, Ethereum is also making its way in the traditional market. Recently it has drawn the attention for its growing price increase and enhanced features over Bitcoin. Ethereum was created in 2013 by a Russian programmer and it was launched in 2015. For initial two years its price was below $10 but later in 2017 it exploded. In the last 12 months its price increased by a huge margin and reached somewhere around $1,400 in January 2018. Off late its price has fallen back to $700 but still proving to be the most promising cryptocurrency in the market. Experts believe this new digital currency has the potential to hold most future price gains; some are of the belief that in days to come it may surpass Bitcoin. 

How can it overtake Bitcoin?

Top business figures from around the world seem to be excited about Ethereum and its prospects. Ethereum has all the features and possibilities to overtake Bitcoin Capitalization in few years time, its early signs point it clearly. The first quarter of 2018 saw a massive crash, Ethereum too suffered loss but somehow investors are finding it more promising compared to Bitcoin. With some of the popular trading sites where you buy or Sell Bitcoin there are options to trade Ethereum too. 

Bitcoinwas introduced in the market in 2009 and it became the first decentralized digital currency as the world was stumbling from worst financial crisis. Then, crypto- anarchists and market experts who were completely disillusioned by the recession hailed Bitcoin. It was Bitcoin’s decentralized nature and ability to facilitate payments without involving banks or financial institutes that made this cryptocurrency so popular. Bitcoin had all that it takes to revolutionize the global financial system. 

How is Ethereum more effective?

Over the years as Bitcoin popularity increased its issues of high transaction fees and time is creating complicacies everywhere. Ethereum which was introduced latter is believed to address all fundamental flaws of Bitcoin making it far more effective. Digital currencies such as Bitcoin Cash and Litecoin have increased truncation times and cost by a huge margin. However Ethereum aim is more ambitious than improving Bitcoin’s credentials as a store of value and payment system. 

Some of the early investors point out that Bitcoin is a virtual currency which stores value similar to gold. Bitcoin is limited to its function but Ethereum is completely different. Apart from a virtual currency this digital currency is designed as a platform which enables applications such as smart contracts to run easily without involving third parties. 

Ethereum is designed not just to decentralize all traditional banks or financial institutes but also to decentralize the entire internet. This is done by expanding Bitcoin’s core technology named the Blockchain which permanently records all transactions made across the network. The best thing about Ethereum is that its more advanced Blockchain technology and versatile, anyone can use it to create decentralized applications. It opens up more prospects with Ethereum, as we move towards an autonomous future. Ethereum has all the potential to proliferate to a different level of business interaction. 

This disclaimer informs readers that the views, thoughts, and opinions expressed in the text/sponsored content belong solely to the author, and not necessarily to Bitcoin of America, organization, committee or other group or individual. All investments are at your own risk and should be done after careful research.

The post Ethereum vs Bitcoin appeared first on Bitcoin Of America.

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Bitcoin Of America by Bitcoin Of America - 3w ago

Not so long ago, new lines of code and a verbal contract forked the Bitcoin Blockchain, making a more up to date, more agile form called Bitcoin Cash. Since its evolution on 1stAugust, the newly born cryptographic money has dramatically increased its incentive from $300 to an astonishing figure of $600, and financial specialists are presently thinking about whether its famousness represents a genuine danger to the position itself that Bitcoin holds. It has led several people to sell Bitcoin.

Bitcoin Cash is basically a duplicate of the current Bitcoin Blockchain​ with one essential component that is extra capacity or additional size of the block.The individuals who possessed Bitcoin before the split now claim an equivalent measure of Bitcoin Cash, which means Bitcoin Cash and Bitcoin at present has16.5 million units available for use. Duplicate Bitcoin Cash current cost of $607 times that of16.5 million units, and you touch base at a market top of $10.8 billion, making it the third-most profitable cryptocurrency​ at an approximate figure of16% of Bitcoin’s $69 billion market esteem. This particular asset value can be easily compared with the valuation that the social mediagiant Twitter had when it was first created. 

Bitcoin Cash did not spread rapidly at the beginning buthowever was brought into life as the digital currency’s mining calculation self-rectified itself to draw systemslooking to make profits, known as theminers. These are super-PCs that are the pulsating heart of the Blockchain thatisin charge of confirming and to embed exchanges in the computerizedform of records, also called the blocks. Once the market witnessed an uprise in the rate at which these blocks were being created, known as the hash rate, financial specialists shoot up the cost of the subsequent currencies that resulted to sell Bitcoin.

A response to a year-long debate:

At the point when Bitcoin was first presented in 2009, sizes of blocks were boundless. To purchase and sell Bitcoin the users need to keep a track of the whole Blockchain. It was something similar to downloading the whole history of Google searches to discover something on the web. This prompted huge denials of services as hidden hackers piled up the blocks with unimportant transactionsmaking it troublesome for the users with slower computers to execute. To mitigate this issue, the Bitcoin group confined the block size to one megabyte (MB). 

Asof now, the 1 MB piece estimate limits transaction pace to four to seven every second, which can’t rival few other gateway’s speed that can speed up to 2,000 transactions for every second. There are new wallets thatallow an expansion in sizes of blocks, and the presentation of Bitcoin Money is important to scale for mass acceptance as a paymentgateway. Thenew digital money endeavors to take care of the scaling issue by expanding existing blocks from 1 MB to 8 MB, and in this manner,the number of transactionshandled every day and along with its speed is increased to a considerable extent. This situation increased the possibility to sell Bitcoin.

Faultfinders contend that bigger sizes of blocks will prompt the centralization of mining activities, as bigger blocks require proficient equipment. This would run oppositeto the possibility of a decentralized system of miners, and confine oversight of the Bitcoin system to few miners only.

Recent Changes

To run a digital currency, the miners must affirm and record for late transactions and mine for newer blocks. Their gain is the spread between the valuation of the rewarding block which is the cost of the coin x # issued per square and the measure of assets expected to mine the block which is termed as difficulty. The symbol ”#” signifies the speed at which blocks are made. A higher ”# ” is the indicator of lucrative coins as it builds the chance of mining the following block and getting the reward. 

This disclaimer informs readers that the views, thoughts, and opinions expressed in the text/sponsored content belong solely to the author, and not necessarily to Bitcoin of America, organization, committee or other group or individual. All investments are at your own risk and should be done after careful research.

The post Facts about Bitcoin Cash appeared first on Bitcoin Of America.

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Bitcoin of America has been on an expansion mission across the United States, opening up Bitcoin ATMs in several cities and states. This is in line with its vision of penetrating the cryptocurrency market at all instances including selling and buying. The ambitious infrastructural roll out has received positive feedback which informed Bitcoin of America’s acceptance of CashApp to buy and sell Bitcoin.

Bitcoin of Americais now accepting CashApp transactions which will enable easy buying and selling of Bitcoin. CashApp has been accepting Bitcoin Transactions since early January although the roll out was done in selected states at a time. Currently, it appears the company is finally ready to open up the service to the rest of the country.

Buy and sell BTC in all 50 states using Cash App

Since Bitcoin of Americahas decided to start accepted payments via CashApp, the Bitcoin buying process will see improved efficiency and ease of Bitcoin trade in an age of growing fraud and online scams.

Regulatory Red Tape

When the CashApp was first introduced, it was faced with regulatory bans in some states. There were holdups and local restrictions in states such as New York, Georgia, Hawaii and Wyoming. However, the issues were however ironed out after an application was made for a ‘Bit License’. Obtaining the go ahead means that regulatory red tapes are out of the way. The changes in policy that have allowed CashApp to roll out its Bitcoin buying feature in Georgia and Hawaii still remain unclear.

Another enabling provision made in the said restrictive laws was the removal of the double reserve requirement for companies involved in cryptocurrencies.

Not a Wallet Service

CashApp has already curved itself a niche as one of the fastest ways to send and receive payments from your family and friends who also use the app. Adding cryptocurrency- Bitcoin specifically- to the mix further increases the users’ payment options when it comes to settling that lunch bill because you left your wallet at home.

Despite the promising foray into the cryptocurrency world, CashApp suffers a setback. It is in itself not a dedicated cryptocurrency wallet app, so it should not be considered a safe long term storage solution for your Bitcoin. In the meantime it might be a great way to pay small debts with friends, but it’s probably a good idea to cash out as soon as you receive a paymentto avoid any nasty drops in value. In any case, it’s good to hear that a company is adopting – and not dropping– Bitcoin payments for a change.

Clear Vision 

Bitcoin of America is constantly trying to evolve and find better payment solutions for its customers. It recognizes the need for more efficient, fast transactions and provides innovating options for consumers. From the outlook, it seems accepting more payment solutions will have a long-term advantage for Bitcoin and cryptocurrencies. 

This disclaimer informs readers that the views, thoughts, and opinions expressed in the text/sponsored content belong solely to the author, and not necessarily to Bitcoin of America, organization, committee or other group or individual. All investments are at your own risk and should be done after careful research.

The post Bitcoin of America Now Accepts Cash App as a Payment Solution appeared first on Bitcoin Of America.

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Bitcoin Of America by Bitcoin Of America - 1M ago

In an age of evolving Financial Technology (FinTech) solutions, scammers and frauds are also quickly adapting to the changes in order to stay abreast. Several companies and organizations have been coming up with cryptocurrency related inventions in order to increase the penetrability of and access to digital currencies. These innovations include Bitcoin ATMs such as those put up all over the country by Bitcoin of America in its expansion plan. Because of this rise in digital currency, there is an increase in Bitcoin Scams.

As with the investor mentality, each and every scammer is trying to be as smart as possible in order to reap the maximum ‘returns.’ More often than not, victims find themselves very much far behind the scammers due to ignorance or generally lack of computing knowledge. The scams are however not unique to the crypto industry. Rather, they are also in Western Union, Money Gram and even Bank wires. They therefore do not reduce the credibility of digital money but rather portray the evolution in Technological fraud.

Importantly, cryptocurrency users ought to know that Bitcoin transactions cannot be cancelled or reversed. One should therefore be careful not to fall prey to the following types of scams:

Initial Coin Offerings (ICOs)

ICOS are the equivalent of Initial Public Offers for corporates only that they use digital currency to source for capital rather than fiat money. Some ICOs are usually well written and skewed in order to attract investors. However, most of them end up being fake promises and most are non-binding which leads to loss of investors’ money.

 This is because no legal framework has been put up hitherto to level the playing field. It is not clear whether they can be considered as security or an investor’s equity in the proposed venture. This creates a window for the organisers of the ICO to escape blame once things go south.

Communication from Unverified Utility Companies

Scammers are always keen to learn how corporates communicate to their client base on social media or through email. Once they achieve that, they will hack a utility company’s social media or email address which they in turn use to send fake communications to unsuspecting users.

Just recently, South Africa and New Zealand’s national Cricket teams’ twitter accounts were hacked by scammers who were asking followers to send a few BTCs to a certain address for them to stand the chance of winning a lottery.

You may find your local power company telling you that you’re late on payments and imploring you to do it in Bitcoin lest they power you off. It is always advisable to verify such communications before acting.

Too-Good-To-Be-True Internet Deals

These refer to insanely ‘great deals’ on the internet that one is less likely to meet in real life. High value products and services such as concert tickets, hotel services or air tickets at a comparatively throw away price. 

The scammers may even create copy paste sites through Phishing such that they look exactly like eBay, Amazon, Craiglist or OfferUp. They will go to great lengths to make the website look real but the car or game console being offered for quarter its price is not real.

Fake Communications from Governmental Organizations

Scammers are cashing in on this form of fraud mainly because people are afraid to go to jail. You may receive a call from a government institution such as the IRS imploring you to pay your income tax or face jail. They will go ahead and provide a Bitcoin address but of course Uncle Sam is yet to accept Bitcoin as a currency.

Unverified Online Recruitment

The menace of unemployment is driving more and more people crazy. Driven by this desperation, most people are willing to jump onto any and every recruitment or job offer. Scammers are cashing in on this by floating fake recruitment drives online and asking unsuspecting victims to send a few Satoshis to a BTC address for consideration.

Other scams include pyramid schemes that ask people to contribute to a common pool only for the pioneers to run away with the funds. One ought to keep in mind that Bitcoin Transactions cannot be cancelled, reversed or traced. One should only institute a transaction in a willing buyer- willing seller situation where there is fair consideration.

This disclaimer informs readers that the views, thoughts, and opinions expressed in the text/sponsored content belong solely to the author, and not necessarily to Bitcoin of America, organization, committee or other group or individual. All investments are at your own risk and should be done after careful research.

The post Bitcoin Scams to Beware appeared first on Bitcoin Of America.

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Cryptocurrencies are the biggest craze of present day which is garnering the attention of many around the world. But before you invest in cryptocurrency there are some important things to consider. Cryptocurrencies are very volatile; so make sure that you invest only the amount which you afford to lose. There are different altcoins which might slowly get faded away from the market. Make sure that you are knowledgeable about them in the case that you may lose them. Before you trust any exchange or a broker, check with your local network and read reviews on the services they provide. There are different forums and news channels which provide the latest information on cryptocurrency, make sure you are following this and make important decisions regarding your money. 

Popular Cryptocurrencies

Bitcoin is the most popular and valuable cryptocurrency but as of lately Bitcoin Cash and Ethereum is gaining demand. Bitcoin was introduced way back in 2009 but with time few flaws were found. Bitcoin Cash and Ethereum seem to overcome those flaws and come with enhanced features. However cryptocurrency itself is a new concept which is giving tough competition to traditional currencies. There are many features of cryptocurrencies over traditional currency.  With the advent of the cryptocurrency, there will not be any necessity for the middlemen. Bitcoin is just considered the Coin which helps enhance profits in the long run. However, besides having the same value, the other advantage of Ethereum is to make use of the same to enhance the business with its widespread applications. 

Staying Away from Scams

There are no unique solutions which are helpful for you to stay protected from different Bitcoin scams and security breaches. Rather there are few things which might help you to enhance your personal firewall for cryptocurrency. Check out all the phishing attempts that are happening and never entertain or give them a chance to take away all your profits. 

If you want to avoid scams, then you must be aware of fake advertisements and email that are obtained from the web. Just by clicking on their website, there are chances to get malware or you can even lose your Bitcoins. Sometimes the hackers might use your previous exchange database and cause harm for you.

In today’s time there are not only possible scams present in the world, there are even measures for the individuals and the Bitcoin lovers to get rid of them. Believe in the fact that no one will mine Bitcoin for you as they can just grab the money from you. All the URLs present in social media are creating a lot of offers and these too good to be true offers must not be entertained. Do proper research and know the difference between the legitimate platforms which offer the services of the Bitcoins.

It is a fact that there is too much money which is invested in the Bitcoin and equally all this money is in a problem because of scammers if the market. It is known that Bitcoin once lost or used can never be got back to its owner.

It is important to do your research before selecting an exchange that sells you Bitcoin and other cryptocurrencies at an affordable exchange rate. As you realize the importance of genuine trading platforms, its worthy to use platforms like Bitcoin of America. BOA assures you of safe and secure platform where you can trade digital currencies using any conventional currency. 

This disclaimer informs readers that the views, thoughts, and opinions expressed in the text/sponsored content belong solely to the author, and not necessarily to Bitcoin of America, organization, committee or other group or individual. All investments are at your own risk and should be done after careful research.

The post Looking Inside the World of Cryptocurrencies appeared first on Bitcoin Of America.

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Cryptocurrencies continue to surprise us with their behavior through the years. Amidst all the instability and unpredictability in terms of performance, trading, litigation, regulation, and taxation, miners and investors brave the odds and explore what these cryptocurrencies have to offer. Pessimists and optimists alike have much to say about the future of cryptocurrencies like bitcoin – such as bitcoin’s supposed nearing end because of the consistent drop in bitcoin price after reaching its peak. But it’s more viable to focus on observable trends in order to have an idea on what to expect as far as these cryptocurrencies are concerned. Here are some of them.

The Market

The word “bubble” is thrown around in the finance world, and if you’re wondering what it means, it is simply the cycle created by the fast escalation of asset prices followed by a contraction. The bubble deflates when investors cease to buy at elevated prices and massive sell-offs occur. As for bitcoin, yes it is a bubble, and it indeed popped. The market is expected to calm down a bit after the bubble and cryptocurrency trading will remain profitable.

Cryptocurrency as Payment

Retailers are starting to accept cryptocurrency as payment. At this point in time, including cryptocurrency in the list of payment methods can potentially boost income, in the same way that establishments that accept credit cards do have a wider reach than those who do not. Now you can book flights, purchase household goods, get web domains, buy computer products, and so much more with bitcoin. As of December 2018, more travel services, web services, food, and general merchandise have started to accept bitcoin payments. Those with a Microsoft account, for example, have the “Redeem Bitcoin” option upon checkout and can add up to $100 at a time via Bitpay.

Cybersecurity

In the recent years, crypto traders and holders have seen security threats such as phishing and mining malware. Cryptocurrencies, in theory, are secure; however, we expect that new crypto exchanges and platforms will bring about new cybersecurity threats and challenges.

Blockchain

The blockchain industry has always been associated with cryptocurrency, and in 2019, it is expected to work on its image as an industry that has a lot more to offer. If the industry wants to operate on a larger scale, it needs to be communicated that the blockchain technology has a lot of uses that are unrelated to cryptocurrency.

Taxation and Regulation

2019 is set to be the year of more widespread, formal, and international crypto regulation. In cryptocurrency news this year, Malta became the first country to have a clear regulatory framework for cryptocurrencies. Countries such as Russia and India have also begun to draft national legislation for cryptocurrencies; and we expect other countries to follow suit – giving way for cryptocurrency to become more legitimate. Preventing money laundering, fraud, and terrorist funding is a prime motivation in putting these regulations in place. If cryptocurrencies are safely policed, more and more people will be confident to use and adopt them.

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The post Cryptocurrency in 2019: Things to Expect appeared first on Bitcoin Of America.

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