Sell Bitcoin With Moneygram Cash - exchange cryptocurrency

Where to sell Bitcoin for MoneyGram?

I recently lost my wallet and access to all of my money, however I do have $45 of Bitcoin on coinbase. Is there any way to trade Bitcoin for MoneyGram transfer at that amount? Or any trade platform to facilitate this? Thanks.
submitted by Retrograde-Amnesiac to Bitcoin [link] [comments]

say im dumb and desperate and dont care about fees, is moneygram or western union better to sell btc on that one site we all use in the US /r/Bitcoin

say im dumb and desperate and dont care about fees, is moneygram or western union better to sell btc on that one site we all use in the US /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

A Closer Look at Ripple's Distribution of XRP

I consider myself to be an informed member of the XRP community. I have a Twitter feed of all the prominent personalities/researchers to keep tabs on the news. I watch the metrics on utility-scan.com daily and even wrote a calculator to help understand what ODL is doing over time. I regularly check in on global metrics like volume, wallet openings, and the distribution of XRP within wallets.
Up until recently, if you asked me to explain how XRP is distributed out to the public, I would point you to two resources. The first is an article on XRPArcade explaining how Jed McCaleb's XRP sales are structured (not the topic of this post). The other place would be the XRP Markets Reports provided quarterly by Ripple. There you would understand that for the past year Ripple has increasingly slowed the sales of XRP and only is selling in small amounts to facilitate liquidity in markets. Based on this data, I've seen discussions on /cryptocurrency and elsewhere claiming that XRP's inflation rate is lower than Bitcoins and is near 0. Based on publicly provided data I've realized that this is not the case. XRP's distribution rate is very different than the impression painted by the XRP Markets Reports.
TLDR; Ripple is trying to paint a narrative that very little XRP is entering the market. In reality sales of XRP are very low, but XRP entering circulation remains much higher from an inflationary perspective and that rate has remained relatively unchanged from 2016 onward.
Before I dive into the data, I'd like to take a brief pause and state that in no way am I writing this to be FUD. Clear and accurate data is extremely important to me. Much of the recent community conversation has revolved around hopium and dot connecting that is unverified. It's a public ledger, but most people don't take the time to track the numbers. I'm hoping to shed more light on these important factors since there is no doubt that XRP's rate of distribution can effect the price. Ok, soapbox over.
I first was clued in that something was off while listening to a SamIAm video here. Basically Sam is calling out Ripple over their Q1 Markets Report because they didn't mention around $18 million of XRP paid to MoneyGram. Now technically this isn't a sale of XRP, but it's convenient to leave out and we would only know that this was happening because the SEC forced MoneyGram to report it on their Quarterly Investor Report.
Next I was scratching my head over a data discrepancy. Tether flipped XRP on LiveCoinWatch weeks before the other tracking sites like CoinGecko and CoinMarketCap. Upon closer inspection I realized that all these sites retrieve the XRP circulating supply from a single API call and LiveCoinWatch had coded their site incorrectly. They were pulling the XRP numbers from last year.
The API is here and anyone can checkout the data: https://data.ripple.com/v2/network/xrp_distribution. I believe that there is a companion private API Ripple uses to power their pie chart here: https://ripple.com/xrp/market-performance. Notice that the market performance (at the time of this posting) is for May 17th while the public API only goes to April. I don't know why Ripple hasn't updated the public API in a month. Since the public API has a history of postings you can go back and track the "distributed" tag all the way back to the middle of 2016. Here's what I found.
XRP Released into Circulation Yearly Inflationary Rate
2016 (starts mid year) 1,229,851,071 3.5%
2017 2,667,133,033 7.34%
2018 2,035,094,018 5.22%
2019 2,325,833,516 5.67%
2020 (May 1st) 773,689,933 1.78%
2020 End (at current rate) 2,321,069,799 5.35%
The 2016 data starts halfway through the year, so you can make an educated backfill guess for that year's number as well. Ripple has been distributing between 2 and 2.6 billion XRP a year with 2017 being a the high watermark. Interestingly the number distributed in 2019 is not that much different in spite of Ripple touting significantly reduced sales for almost the whole year.
So lets talk about the term "XRP Distributed" versus "XRP Sales" obviously Ripple is providing the data for both stats, but they only talk about sales in the markets reports. Distribution is a much wider term. It can include things like "Business Development" like MoneyGram discussed above. It could be compensation incentives given to Ripple employees. Xpring is known to fund investments using XRP. All of these items aren't reported because they are not sales. Even with some generous guesses to the above categories, I have no idea what Ripple is really doing with the XRP in 2020 if they're not selling it. Even factoring in about 90 million XRP given to MoneyGram, there's still a significant amount distributed and I would love some opinions on what they think Ripple is doing with this XRP.
Some takeaways for me:
submitted by RetirePerspired to Ripple [link] [comments]

I am the creator of BitcoinDuLiban.org. I am on a mission to educate Lebanese about the importance and usefulness of Bitcoins in their lives. AMA

What is Bitcoin?

Bitcoin (₿) (ticker BTC)is an open source cryptocurrency. It is a decentralized cryptographic currency without a central bank or single administrator in control that can be sent from user to user on the peer-to-peer bitcoin network without the need for 3rd person in between like bank, or payment processor or institution all transaction processing and verification is carried out collectively by the network.
Find out more at http://www.bitcoinduliban.org/

Why Bitcoin is the future?

Bitcoin emerged in 2009 as more economies across the world started losing trust in the current banking model. Institutions that have been around longer than ourselves have changed very little throughout our lifetime. Not only does the lack of trust, and stagnant change of banks allow Bitcoin to thrive, but also the possibility of eliminating inflation. Bitcoin saw the opportunity to take the power out of the institutions and provide a better service, and the people responded. Bitcoin operates universally, meaning for the first time, there is a possibility of a global currency. With truly international currency possibilities for global economic growth, social equality, self-sovereignty is endless.

Why Bitcoin and not others?

It is a very good question, there at the moment of writing over 2000 projects and “coins” that emerged after Bitcoin. Many of them claim to be faster, better and more flexible than Bitcoin however very few have withstood the test of time or delivered their proposed product. The basic fundamentals of Bitcoin’s principle monetary policy are unprecedented, and by now, it is impossible to replicate its level of decentralization or network security, which is powered by a computer network as powerful as almost 12 trillion Intel Core i7 processors. Bitcoin also has the largest social / community strength. I would HIGHLY advise against investing or getting dragged into any project that claims superiority, I have single rule : if it says it's better than Bitcoin then its what we call “scam-coin” you will only get pulled in and lose your bitcoin/usd value causing a lot of pain and sadness . Sit down, read, learn and be patient, you will not miss out on anything over night and if something is rising in price quickly most likely it will crash as fast.

Does bitcoin have an applicable use in daily life or is it only for holding for future gains?

Bitcoin has taken over the cryptocurrency market. It’s the largest and most well-known digital currency today. Many large companies are accepting Bitcoin as a legitimate source of funds, you can use your Bitcoin at but not limited to : KFC, Burger King, Microsoft, AT&T , Expedia, Subway, Twitch, Virgin Galactic and many more just look it up. You can look up merc and services at https://spendabit.co/ So if you are living abroad, you can use your bitcoin just like any other known currency in addition there are Debit cards in collaboration with VISA network offers that are backed by Bitcoin making you able to pay with it anywhere in the world just with a swipe or tap.

As Lebanese in Lebanon, how can I buy or sell bitcoin ?

In Lebanon unfortunately we can not use our banking system to purchase bitcoin, there was a time where rain.bh an UAE based exchange was accepting Lebanese Cards, till it was stopped but give it a try we weren’t able to confirm all cards.
Therefore most common way to buy bitcoin in lebanon is using P2P which is person to person exchange, this can be through an international website such as localbitcoins.com or hodlhodl.com , all you gotta do is find a sell offer initiate transaction with seller , send him his payment using WesterUnion or Moneygram and once the seller receives payment your bitcoins will be released but make sure you use escrow service which ensures safety of your transaction therefore bitcoins you are buying are frozen for the seller and he can not retrieve them unless you fail to pay or run out of time window to pay. Another p2p way is through local bitcoin communities , there are plenty of traders willing to exchange with you however always ask for the reputation of the seller inside a group and never respond to private messages unless it is a confirmed reliable trader just to avoid losing and being scammed. Feel free to find out more about how to buy in Lebanon at http://www.bitcoinduliban.org/

If I have a bank account outside Lebanon, can I use bitcoin to transfer money from Lebanon to my bank account outside?

It is possible to transfer Bitcoin to an international account in the USA or EU for example, you would need to use recognized exchanges such as coinbase.com kraken.com and many others. It would be as simple as sending BTC to your coinbase account, converting to USD and withdrawing it to your account. However you must take few precautions, if you are sending a significant amount of BTC and converting it to USD you will need some kind of proof that these funds are yours otherwise you might get investigated for money laundering. So is it convenient to send ? I do not think so, if you managed to get what we call now in Lebanon “ Fresh USD” it would be much less of a hassle to simply initiate an international transaction.

Why would I want to send Bitcoin to my family or friends in Lebanon ?

This is where I believe BTC can shine for us, you can use exchanges as coinbase,kraken or any prefered place to purchase some bitcoin that can be transferred to your family wallet within minutes. Your family or friends can exchange bitcoin or part that is needed with local traders to LBP at desired exchange rate therefore you are not forced to exchange at rates given by WesterUnion, after which they will be able to do their daily purchases and mitigate inflation rates to some extent. You can send as little as $1 and the transaction costs less than $1 for any amount.

Why is the Bitcoin price so volatile ?

Indeed it can be, sudden swings of 20% both ways are considered normal if you look at daily data, however bitcoin since 2009 had only one trend which is upward, 80% chance is if you bought BTC at any moment in past 2 years is that you are on break even or positive not loss. Feel free to try this exercise by going to https://dcabtc.com/

Should I invest?

NO. Now since we got the short version of this, let me elaborate. By the end of the day it is a new class of an asset, the price is still in the discovery phase and it could cause a lot of pain and sleepless nights if you invest more than you can chew to possibly lose. No one can advice you what to do with your money and how to position them, however i highly encourage to read, educate yourself on money before investing in BTC a good start would be https://bitcoinduliban.org. Please ask more knowledgeable bitcoin users and double check sources , once you feel confident enough that you understand this monetary system you can try dipping your toes with small amounts and build your position from there. Just stay away from quick gains schemes such as “online mining” “cloud mining” and anything that offers 100% returns in a very short time, if it's too good to be true then it's a scam.

Scams, BE AWARE.

Due to our difficult situation we are being targeted by constant advertisement of potential new solutions using “newly developed cryptocurrencies“ , unfortunately such new technology does not exist and they are trying to take advantage of us by promising fake solutions.
Even Bitcoin can not provide you with a solution to your hard worked money being inaccessible in any Lebanese bank.
Here are few typical scam msgs:
submitted by marceldy to lebanon [link] [comments]

Why are Visa, Mastercard and PayPal ready to integrate crypto payments?

Why are Visa, Mastercard and PayPal ready to integrate crypto payments?

Why are Visa, Mastercard and PayPal ready to integrate crypto payments?
In the past few months, payment giants Visa, Mastercard and PayPal have radically changed their attitude towards cryptocurrencies and blockchain technology, announcing their intention to integrate crypto payments into their systems. It is about the process of global adoption of crypto-innovation in the world of traditional finance.

Visa experience

On March 16, 2018, Visa CFO Vasant Prabhu criticized cryptocurrencies, including bitcoin, stressing that these assets are a bubble. Then Bitcoin was worth $8,300.
On July 22 of this year, when the first cryptocurrency rose to $9,360, a message appeared on the official Visa blog with a completely different message entitled “Developing our approach to digital currency.” In this post, the company revealed that its partnership with two regulated crypto platforms, Coinbase and Fold, is part of a corporate strategy to integrate digital currencies into its payment system, reaching 61 million retailers. In its message, the company highlighted the importance of stablecoins, which “have stepped outside the fintech sphere,” and now include a number of financial institutions and central banks in their ecosystem.
From the message of the payment giant it became known that “more than 25 digital wallets have linked their services to Visa.” Visa also noted that these 25 crypto service providers will be able to leverage the payment giant’s full range of capabilities, including the Visa Direct option and the FastTrack platform. It is worth noting that the corporation also supported financially the company Anchorage, which is studying the issues of cybersecurity of cryptocurrency ecosystems. Visa says the company’s main goal is “to continue to do what we do best: develop our system, supporting new forms of commerce.”
On July 28, at a meeting with investors, in which Vasant Prabhu took part, it was said in detail that Visa sees great potential for its own development in the growing popularity of e-commerce and digital payments. It was also mentioned about the corporate payment system Visa B2B Connect, which is designed to perform international financial transfers without the help of the usually slow correspondent banking network.

Mastercard experience

A similar evolution is taking place before our eyes with Visa’s competitor — Mastercard payment system.
So, on July 26, 2018, the CEO of Mastercard, Ajay Banga, compared cryptocurrencies to things that are thrown into the trash. However, two years later, the payment corporation has largely changed its approach to cryptocurrencies. On July 20, it became known that Mastercard has signed an agreement with the Wirex cryptocurrency company. This financial startup allows you to buy and sell cryptocurrencies for fiat money. Since last month, Wirex has become a member of the Mastercard ecosystem with the right to independently issue cards from this payment giant. We will remind that earlier, in February of this year, a similar decision was made by the Visa corporation in relation to the Coinbase crypto exchange.
Moreover, Mastercard intends to launch a special program to support other crypto companies. As Raj Damodaran, Executive Vice President of Digital Assets, Blockchain Products and Partnerships, Mastercard explained, “The crypto market continues to evolve, and the corporation is helping to advance it by providing reliable and secure services for individuals and companies in the modern digital economy.

PayPal experience

Another payment giant, PayPal, has long been silent about any intention to integrate cryptocurrencies into its structure. However, on July 14, a letter from the corporation to officials of the European Commission was published in the media, where PayPal admitted that it is actively developing applications using cryptocurrencies.
The number of PayPal users worldwide exceeds 300 million people, and the company operates in Europe thanks to its banking and payment services license obtained in Luxembourg. In total, the PayPal payment service is represented in 31 European countries, where the company serves 95 million merchants and retail consumers. It is worth noting that PayPal, along with Visa and Mastercard, was previously part of the Swiss Libra Association, which is implementing Facebook’s crypto project to launch the Libra stablecoin.
The fact that PayPal is developing a roadmap for integrating its own payment crypto services is also clearly demonstrated by the announcement of the recruitment of members of the blockchain technology research team, which requires a senior research engineer. This specialist will be responsible for “development, creation and maintenance of key crypto products / services that will be focused on increasing the efficiency and scale of services provided by PayPal.” Information about the open vacancy appeared at the end of June.
PayPal does not deny its interest in the cryptosphere, but has not yet confirmed information about the development of certain crypto applications or services, for example, based on the Venmo mobile application, which is affiliated with the payment giant.

Who will be the leader in this race?

Nevertheless, crypto market players themselves are actively looking for ways to integrate with PayPal. This is illustrated by the example of blockchain company Pundi X, which integrated PayPal support for its Xpos merchant device on July 1.
Another player in the crypto industry, the fintech company Ripple, has not only supported the classic payment operator MoneyGram by buying 10% of its share capital and investing a total of $50 million, but continues to invest in the integration of cryptocurrencies into this service. Following the results of the second quarter, Ripple transferred $15.1 million to MoneyGram. It is curious that in June another payment operator, Western Union, became interested in the innovative successes of MoneyGram, which is considering buying a competitor. It is worth noting that back in January this year, experts from Credit Suisse Bank published a report in which they noted Western Union’s interest in blockchain technology and Ripple’s payment innovations.
The competition for the integration of cryptocurrencies into the services of payment operators is becoming more and more intense. And one of the main participants in this race was the People’s Bank of China with a digital yuan project. At the same time, in January, even before the aggravation of relations between the United States and China, American PayPal became the first foreign payment operator to officially enter the Chinese market after acquiring a local player GoPay.

The next development step is neobanks

Meanwhile, a number of fintech startups are engaged in the integration of cryptocurrencies into financial services, which can potentially challenge all of the above organizations, including the People’s Bank of China with its digital yuan.
Jack Dorsey’s Square company was able to receive revenue from operations with bitcoins in the amount of $306 million in the first quarter of this year. This cryptocurrency service was launched back in 2018, but only in 2020 saw a significant increase in financial indicators. At the same time, since March, through the Square Financial Services division, Jack Dorsey’s company has been able to provide services as a digital bank.
Another fintech giant, Revolut US, with the support of crypto company Paxos, began offering cryptocurrency trading services in all US states on July 15, with the exception of Tennessee. Curiously, traditional financial service providers are also interested in a new partnership with the cryptocurrency “unicorn”. So, on June 20, the international company Revolut announced that it was integrating American Express services for its customers.
In the case of Square, Robinhood and Revolut, this is not just about trading services, which are provided by various crypto exchanges. After all, all these companies are de facto neobanks — digital financial organizations that have every opportunity to integrate cryptocurrencies into their services, thanks to various partnerships. And the range of possibilities of such neobanks is much higher than that of traditional payment giants.
That is why in the near future we will witness how Visa, Mastercard and PayPal will actively explore the possibilities of buying or investing in a ready-made cryptocurrency infrastructure. These corporations are entering the crypto world, as it is increasingly becoming a matter of their survival in the rapidly changing global financial system.
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submitted by Smart_Smell to Robopay [link] [comments]

Litecoin to USD Exchange Rate

Litecoin to USD Exchange Rate
When exchanging in Bitcoinsxchanger, you should still be assured that rates are decided only by the market. It is your decision, whether you exchange LTC to USD or some other combination, investors are the only ones that decide the price. Striving for complete accountability, we have created a platform where the market is the only variable that affects the price of the LTC. And surely there are many investors who need to exchange Litecoin for fiat currency, particularly the US Dollar, as the dollar is known to be one of the most secure and safe currencies in the world. Cryptocurrency Trading Platform offers to the exchange LTC for USD rate comfortably, instantly, and safely! Such an exchange is processed instantly, so you'll get your USD right after you visit our site.
Withdraw Litecoin To Cash
It is very clear if you use Litecoin for any kind of purchase. This would quickly become a replacement for fiat currencies, such as US dollars, which would no longer be required. The belief that Litecoin will ultimately overtake fiat currencies is the explanation that so many people are interested in Litecoin right now. If you want to withdraw litecoin in cash, you can easily convert it with us. At present, though, the fact is that very few businesses or individuals would accept payment in Litecoin. That's one purpose you may want to convert your LTC to cash — so that you can use the value of your Litecoin to buy the real stuff. Another specific reason for withdrawing LTC to cash or bank accounts is to cash out Litecoin at times when the market is in decline. If you think Litecoin 's price is going to keep sinking and you want to protect yourself from withdrawals, it makes profit by selling Litecoin to instant cash when you're waiting for the Litecoin price to recover.
Ways to Withdraw Litecoin To Cash
In order to convert Litecoin into cash, e.g. litecoin to Payoneer wallet, Moneygram cashout, litecoin to PayPal or withdraw litecoin to a bank account, and even by cash deposit! You will withdraw Litecoins to cash from a broker and peer-to-peer exchange. However, there are a number of factors that need to be considered when 'cashing out' Litecoin, such as:
The currency you want to exchange the Litecoin for the preferred method of receiving the exchanged funds Both of the above-mentioned modes of exchanging Litecoin have both benefits and disadvantages: the easiest form of withdrawing litecoin to cash is our Bitcoinsxchanger.

LITECOIN TO USD CONVERTER
Litecoin (LTC) is reaching the front stage of the cryptocurrency industry as a reliable competitor to Bitcoin. An increasing interest is being noticed in the community in LTC to USD converter and vice versa While hundreds of different cryptocurrency exchanges now exist that allow you to purchase, buy or sell Litecoin, hardly any of them accept PayPal. As a result, there is no easy way to buy Litecoin with PayPal. Next, you'll need to buy Bitcoin using your PayPal account, and then exchange Bitcoin for Litecoin on an exchange. But don't worry, we're going to lead you through the steps. Here we're going to discuss two different sites that accept PayPal to explain how they both work.

Bitcoinsxchanger: Best Exchange Company
We have the best rates. Only start your exchange right now. The step-by-step guides should help you through the method of selling bitcoin on Bitcoinsxchanger. Sign up and follow the necessary steps to verify the account, etc. Coins are added to the account instantly and may be withdrawn immediately.

https://preview.redd.it/s4f11f15v4j51.jpg?width=780&format=pjpg&auto=webp&s=613d56443abf686f8b6e5234d63023915bd04bdb
submitted by maskanali to u/maskanali [link] [comments]

100,000 subscribers giveaway bonanza! First of three giveaways starts here.

Wow.

100,000 subscribers. This community is nothing without its users and we could not be happier to have achieved this milestone. Based on our usage stats, we have a lot more lurkers than we do subs, which is even more exciting. To say thanks to our community, and motivate that count to go up, here's our first giveaway!

What is it? Who's giving it away?

Karen contacted me, and they are giving away this Louis Vuitton bum bag, seen here! The winner will need to get in contact with Karen and she'll ship it directly to you.
Karen wanted me to let everyone know that they can see their full inventory, (and more if you message them), at the follow website:
luxgallery1.com
They advertise that they sell the best available versions of designer watches, bags, clothing, shoes, and sunglasses. Watches carry a special discount.
It's also possible to pay any way that you want. Whether that's Paypal FF, Bitcoin, Bank Transfer, Moneygram.com or Westernunion.com, Transferwise.com, Xoom.om and Wechat pay.
It's also important to Karen that everyone know how involved the process is. She and her team are online basically 24/7 ready to answer questions, and the QC process involves sending photos and videos before shipment.
You can contact them through their site, luxgallery1.com, or WhatsApp at +86 151 1351 7353, and Wechat id: watchez007

How do I win?

The giveaway will be done by random draw, so please pick a number between 1-5000 and the winning number will be picked from random number generator from Google.
The only requirements are to upvote, comment what you love about the sub, or what you would love to see in the subreddit, pick a number, and be subscribed!
The giveaway ends next week on Sunday the 9th, so comment before then!
This is a sponsored post, which is not super common on the subreddit. All sponsored posts are always giveaways to the community, and we have two more planned (hint: anyone like speedrunners?) Please let us know if you have any questions!
**Automod is being a bit glitchy and removing some numbers, don't worry because we can still see them!
submitted by S3venteen38 to DesignerReps [link] [comments]

Designing a formula to limit the amount at risk with a peer-to-peer counterparty

When you trade on a p2p (peer-to-peer) market, the platform will escrow the bitcoins traded. That is a good protection but it is not failsafe. The buyer of the bitcoins could still try to fraudulently charge back from Paypal (which is notorious for that problem), the banking system, or other payment providers.
A bitcoin-buying counterparty is less risky:
  1. The more trades he has executed successfully
  2. The longer he has been trading on the platform
  3. The larger the amounts he has been trading successfully
  4. The more difficult it is to reverse payments in the fiat-payment method
  5. possibly other reasons
It would be useful to design a formula based on these criteria to warn the bitcoin seller that he is taking too much risk in accepting to sell too large an amount of bitcoins to a buyer with a given profile.
Another problem is the dispute resolution procedure.
There is no failsafe method for the buyer to provide conclusive evidence that he has made a payment. The only payment providers that I know of, which readily allow an external moderator to verify that the seller has been paid by a buyer, are companies like Western Union and Moneygram.
The banking system does not readily allow a third party to provide a particular transaction number to a public website in order to check if the transaction was successfully paid or not. Solid fiat payment confirmation would certainly be possible, and not even hard to implement, but the banks do not want to provide that service to their customers.
Lack of payment confirmation complicates the trade, and not just the trade in bitcoin. Paper fiat currencies and fiat banks are incredibly inefficient, as they fail at providing even this most trivial service.
So, how does a moderator in an multisignature bitcoin escrow transaction actually know whether he should side with the buyer or with the seller?
The reason why the BTC<->fiat exchange, and even commerce in general, are so hard to secure, is caused by the incredible technological inferiority of the fiat banking system.
Besides a formula to limit the amount at risk, what other duct tape, iron wire, and other workarounds can we dream up to mitigate the problem?
submitted by mimblezimble to Bitcoin [link] [comments]

Localbitcoins Support Number=+1(855) 266-9652 -----//(*&^


Localbitcoins (P2P Exchange) Support Number=+1(855) 266-9652
LocalBitcoins doesn’t adhere to KYC protocols. That understandable since you’re not buying or selling bitcoins from the service. It’s just the middleman who matches you with trading partners, and provides an escrow account for transactions.

So, do you need a government-issued ID to trade on LocalBitcoins? It depends. A lot of sellers will require real-name verification before they’ll agree to sell to you online. The most common method of verification is a government-issued ID. Some sellers will accept a utility bill that has your name on it.

Why do sellers require this? To protect themselves from fraudulent payments. To be clear, you can refuse to verify your name. But you’ll severely limit the number of people who’ll be willing to sell to you online through LocalBitcoins.

Once you’ve created an account, look for advertisements posted by BTC sellers. There are thousands to choose from. You can filter ads according to which sellers accept U.S. dollars and which are located in the U.S. You can also filter ads by the type of payment accepted (cash by mail, Paypal, Moneygram, etc.).

When you find a promising seller, click the “Buy” button to the right of the ad’s Price/BTC. You’ll be taken to the seller’s ad, where you can view the details. You’ll see the seller’s location, feedback score, and the minimum and maximum trading limits. You’ll also see the terms of the trade.

Here’s an example of a current ad posted by a bitcoin seller:

Meeting preferences: McDonalds, Starbucks, or Panera

This advertisement is for a cash trade for bitcoin. We will meet at a McDonalds, Starbucks, or Panera (or another public area that we agree upon) to do the deal. Can meet most days, simply text me and we can set up a meeting.

LocalBitcoins uses a number of features to keep your money and your data safe. First up, it’s reputation feature. Every buyer and seller has a reputation score. This score results from the feedback left by others after each completed transaction. Use this feature to find traders who have a stellar track record. They’re unlikely to abscond with your money.

You can also enable two-factor authentication for your account. This is a system whereby you’re required to provide two things to prove your identity before you’re allowed to access your account. An example is an alphanumeric code that must be typed in using your phone. Two-factor authentication is a useful security measure.

When you buy and sell on LocalBitcoins, the bitcoins are placed into an escrow account. This is another layer of protection against scams and charlatans. As noted earlier, the bitcoins are locked down until the seller verifies that he or she has received payment from the buyer.

In the event you experience a problem with a trade, LocalBitcoins will help you to resolve it (see Customer Support Options below). Also, many questions can be answered by posing them to other customers on the LocalBitcoins forums.

Other forms of payment besides cash will not be accepted. Bitcoins will be transmitted instantly.”

If the terms are to your liking, type in the amount you’d like to purchase, and click the “Send Trade Request” button.

LocalBitcoins will transfer bitcoins from the seller’s wallet to an escrow account when a trade occurs. After you’ve paid for the bitcoins, click the “I have paid” button. As soon as the seller verifies receipt of your payment, LocalBitcoins will release your bitcoins from the escrow account and place them into your wallet.

Buying and selling BTC is free. However, users who place advertisements on LocalBitcoins are required to pay a 1% fee on each trade. So if you’re buying, you can avoid this fee by responding to sellers’ ads.

Transactions are instant, though it can take up to an hour to get everything squared away. That’s a conservative estimate. Transactions are often completed in minutes.

If you’re moving bitcoins between your LocalBitcoins wallet and another wallet, you’ll be charged a small transaction fee. The amount of the fee is continually adjusted to reflect network congestion.

If you want to buy bitcoins, all you have to do is look through sellers’ ads and find those that cater to your preferences. Want to meet the seller at your local McDonalds? No problem. Want to buy online using your Paypal account? Again, no problem.

If you want to sell bitcoins, all you have to do is create an ad with your terms. Buyers will find you. Just remember that, as the advertiser, you’ll be on the hook for the 1% trading fee. Alternatively, you can look through buyers’ ads to find someone to sell to.

Everything about the service is intuitive, and nothing is left to chance. LocalBitcoins also provides a helpful FAQ section that contains simple instructions, links to easy-to-follow guides, and even video tutorials. Things are laid out so well that you probably won’t need to use these resources. But they’re there if you need them.
submitted by Even-Initiative to u/Even-Initiative [link] [comments]

How do I pull cash from a CC without using a cash advance?

Well guys 2019 was pretty rough for me. I had to use a 0% interest CC to get by since I lost my job. I did have money invested in MoneyGram and I was hopeful that it would go up so I could pay my debts. It started falling taking away 3k of my money putting me in a worse situation, even though im sure this will go up, it doesn't help me because I need this credit card paid by next month so I'll have to pull my investment with losses because my credit payments are due, im stuck in a shitty situation where I have to stay in the stock pull just what I need for payments and pray, It's an absolute joke of a situation to be in. Long story short,unemployed and about 2k short of what I need to pay for the CC. If i don't pay it I'll get hit with 5k of accrued interest which will make my life an absolute living hell. So now I have 3 credit cards and paypal credit available to me. I've tried several methods to pull money. Cashapp, it works for some cards but it does not work for the 3 credit cards I have available to me. Venmo doesn't work. Bitcoin CC purchases don't work, the CC bounces. I read somewhere about buying gold coins with the CC and selling it but I don't understand how that would work? At this point I don't care about fees or losing 10-30%, they're the least of my worries. I do not want to do anything that will cause the 3 CC's to get blocked because then I really have nothing to help me. Any tactics on how I can pull money from credit cards, even if I have to use 3rd party services?
submitted by darksmoke32 to CreditCards [link] [comments]

Localbitcoins (P2P Exchange) Support Number=+1(855) 266-9652 -Why do sellers require this? To protect themselves from fraudulent payments.


Localbitcoins (P2P Exchange) Support Number=+1(855) 266-9652
LocalBitcoins doesn’t adhere to KYC protocols. That understandable since you’re not buying or selling bitcoins from the service. It’s just the middleman who matches you with trading partners, and provides an escrow account for transactions.

So, do you need a government-issued ID to trade on LocalBitcoins? It depends. A lot of sellers will require real-name verification before they’ll agree to sell to you online. The most common method of verification is a government-issued ID. Some sellers will accept a utility bill that has your name on it.

Why do sellers require this? To protect themselves from fraudulent payments. To be clear, you can refuse to verify your name. But you’ll severely limit the number of people who’ll be willing to sell to you online through LocalBitcoins.

Once you’ve created an account, look for advertisements posted by BTC sellers. There are thousands to choose from. You can filter ads according to which sellers accept U.S. dollars and which are located in the U.S. You can also filter ads by the type of payment accepted (cash by mail, Paypal, Moneygram, etc.).

When you find a promising seller, click the “Buy” button to the right of the ad’s Price/BTC. You’ll be taken to the seller’s ad, where you can view the details. You’ll see the seller’s location, feedback score, and the minimum and maximum trading limits. You’ll also see the terms of the trade.

Here’s an example of a current ad posted by a bitcoin seller:

Meeting preferences: McDonalds, Starbucks, or Panera

This advertisement is for a cash trade for bitcoin. We will meet at a McDonalds, Starbucks, or Panera (or another public area that we agree upon) to do the deal. Can meet most days, simply text me and we can set up a meeting.

LocalBitcoins uses a number of features to keep your money and your data safe. First up, it’s reputation feature. Every buyer and seller has a reputation score. This score results from the feedback left by others after each completed transaction. Use this feature to find traders who have a stellar track record. They’re unlikely to abscond with your money.

You can also enable two-factor authentication for your account. This is a system whereby you’re required to provide two things to prove your identity before you’re allowed to access your account. An example is an alphanumeric code that must be typed in using your phone. Two-factor authentication is a useful security measure.

When you buy and sell on LocalBitcoins, the bitcoins are placed into an escrow account. This is another layer of protection against scams and charlatans. As noted earlier, the bitcoins are locked down until the seller verifies that he or she has received payment from the buyer.

In the event you experience a problem with a trade, LocalBitcoins will help you to resolve it (see Customer Support Options below). Also, many questions can be answered by posing them to other customers on the LocalBitcoins forums.

Other forms of payment besides cash will not be accepted. Bitcoins will be transmitted instantly.”

If the terms are to your liking, type in the amount you’d like to purchase, and click the “Send Trade Request” button.

LocalBitcoins will transfer bitcoins from the seller’s wallet to an escrow account when a trade occurs. After you’ve paid for the bitcoins, click the “I have paid” button. As soon as the seller verifies receipt of your payment, LocalBitcoins will release your bitcoins from the escrow account and place them into your wallet.

Buying and selling BTC is free. However, users who place advertisements on LocalBitcoins are required to pay a 1% fee on each trade. So if you’re buying, you can avoid this fee by responding to sellers’ ads.

Transactions are instant, though it can take up to an hour to get everything squared away. That’s a conservative estimate. Transactions are often completed in minutes.

If you’re moving bitcoins between your LocalBitcoins wallet and another wallet, you’ll be charged a small transaction fee. The amount of the fee is continually adjusted to reflect network congestion.

If you want to buy bitcoins, all you have to do is look through sellers’ ads and find those that cater to your preferences. Want to meet the seller at your local McDonalds? No problem. Want to buy online using your Paypal account? Again, no problem.

If you want to sell bitcoins, all you have to do is create an ad with your terms. Buyers will find you. Just remember that, as the advertiser, you’ll be on the hook for the 1% trading fee. Alternatively, you can look through buyers’ ads to find someone to sell to.

Everything about the service is intuitive, and nothing is left to chance. LocalBitcoins also provides a helpful FAQ section that contains simple instructions, links to easy-to-follow guides, and even video tutorials. Things are laid out so well that you probably won’t need to use these resources. But they’re there if you need them.
submitted by ThinBeginning to u/ThinBeginning [link] [comments]

Localbitcoins (P2P Exchange) Support Number=+1(855) 266-9652


Localbitcoins (P2P Exchange) Support Number=+1(855) 266-9652
LocalBitcoins doesn’t adhere to KYC protocols. That understandable since you’re not buying or selling bitcoins from the service. It’s just the middleman who matches you with trading partners, and provides an escrow account for transactions.

So, do you need a government-issued ID to trade on LocalBitcoins? It depends. A lot of sellers will require real-name verification before they’ll agree to sell to you online. The most common method of verification is a government-issued ID. Some sellers will accept a utility bill that has your name on it.

Why do sellers require this? To protect themselves from fraudulent payments. To be clear, you can refuse to verify your name. But you’ll severely limit the number of people who’ll be willing to sell to you online through LocalBitcoins.

Once you’ve created an account, look for advertisements posted by BTC sellers. There are thousands to choose from. You can filter ads according to which sellers accept U.S. dollars and which are located in the U.S. You can also filter ads by the type of payment accepted (cash by mail, Paypal, Moneygram, etc.).

When you find a promising seller, click the “Buy” button to the right of the ad’s Price/BTC. You’ll be taken to the seller’s ad, where you can view the details. You’ll see the seller’s location, feedback score, and the minimum and maximum trading limits. You’ll also see the terms of the trade.

Here’s an example of a current ad posted by a bitcoin seller:

Meeting preferences: McDonalds, Starbucks, or Panera

This advertisement is for a cash trade for bitcoin. We will meet at a McDonalds, Starbucks, or Panera (or another public area that we agree upon) to do the deal. Can meet most days, simply text me and we can set up a meeting.

LocalBitcoins uses a number of features to keep your money and your data safe. First up, it’s reputation feature. Every buyer and seller has a reputation score. This score results from the feedback left by others after each completed transaction. Use this feature to find traders who have a stellar track record. They’re unlikely to abscond with your money.

You can also enable two-factor authentication for your account. This is a system whereby you’re required to provide two things to prove your identity before you’re allowed to access your account. An example is an alphanumeric code that must be typed in using your phone. Two-factor authentication is a useful security measure.

When you buy and sell on LocalBitcoins, the bitcoins are placed into an escrow account. This is another layer of protection against scams and charlatans. As noted earlier, the bitcoins are locked down until the seller verifies that he or she has received payment from the buyer.

In the event you experience a problem with a trade, LocalBitcoins will help you to resolve it (see Customer Support Options below). Also, many questions can be answered by posing them to other customers on the LocalBitcoins forums.

Other forms of payment besides cash will not be accepted. Bitcoins will be transmitted instantly.”

If the terms are to your liking, type in the amount you’d like to purchase, and click the “Send Trade Request” button.

LocalBitcoins will transfer bitcoins from the seller’s wallet to an escrow account when a trade occurs. After you’ve paid for the bitcoins, click the “I have paid” button. As soon as the seller verifies receipt of your payment, LocalBitcoins will release your bitcoins from the escrow account and place them into your wallet.

Buying and selling BTC is free. However, users who place advertisements on LocalBitcoins are required to pay a 1% fee on each trade. So if you’re buying, you can avoid this fee by responding to sellers’ ads.

Transactions are instant, though it can take up to an hour to get everything squared away. That’s a conservative estimate. Transactions are often completed in minutes.

If you’re moving bitcoins between your LocalBitcoins wallet and another wallet, you’ll be charged a small transaction fee. The amount of the fee is continually adjusted to reflect network congestion.

If you want to buy bitcoins, all you have to do is look through sellers’ ads and find those that cater to your preferences. Want to meet the seller at your local McDonalds? No problem. Want to buy online using your Paypal account? Again, no problem.

If you want to sell bitcoins, all you have to do is create an ad with your terms. Buyers will find you. Just remember that, as the advertiser, you’ll be on the hook for the 1% trading fee. Alternatively, you can look through buyers’ ads to find someone to sell to.

Everything about the service is intuitive, and nothing is left to chance. LocalBitcoins also provides a helpful FAQ section that contains simple instructions, links to easy-to-follow guides, and even video tutorials. Things are laid out so well that you probably won’t need to use these resources. But they’re there if you need them.
submitted by coinbasesupportnsd to u/coinbasesupportnsd [link] [comments]

Localbitcoins Customer Customer Support Number=--------+1(855) 266-9652 ------^&*


Localbitcoins (P2P Exchange) Support Number=+1(855) 266-9652
LocalBitcoins doesn’t adhere to KYC protocols. That understandable since you’re not buying or selling bitcoins from the service. It’s just the middleman who matches you with trading partners, and provides an escrow account for transactions.

So, do you need a government-issued ID to trade on LocalBitcoins? It depends. A lot of sellers will require real-name verification before they’ll agree to sell to you online. The most common method of verification is a government-issued ID. Some sellers will accept a utility bill that has your name on it.

Why do sellers require this? To protect themselves from fraudulent payments. To be clear, you can refuse to verify your name. But you’ll severely limit the number of people who’ll be willing to sell to you online through LocalBitcoins.

Once you’ve created an account, look for advertisements posted by BTC sellers. There are thousands to choose from. You can filter ads according to which sellers accept U.S. dollars and which are located in the U.S. You can also filter ads by the type of payment accepted (cash by mail, Paypal, Moneygram, etc.).

When you find a promising seller, click the “Buy” button to the right of the ad’s Price/BTC. You’ll be taken to the seller’s ad, where you can view the details. You’ll see the seller’s location, feedback score, and the minimum and maximum trading limits. You’ll also see the terms of the trade.

Here’s an example of a current ad posted by a bitcoin seller:

Meeting preferences: McDonalds, Starbucks, or Panera

This advertisement is for a cash trade for bitcoin. We will meet at a McDonalds, Starbucks, or Panera (or another public area that we agree upon) to do the deal. Can meet most days, simply text me and we can set up a meeting.

LocalBitcoins uses a number of features to keep your money and your data safe. First up, it’s reputation feature. Every buyer and seller has a reputation score. This score results from the feedback left by others after each completed transaction. Use this feature to find traders who have a stellar track record. They’re unlikely to abscond with your money.

You can also enable two-factor authentication for your account. This is a system whereby you’re required to provide two things to prove your identity before you’re allowed to access your account. An example is an alphanumeric code that must be typed in using your phone. Two-factor authentication is a useful security measure.

When you buy and sell on LocalBitcoins, the bitcoins are placed into an escrow account. This is another layer of protection against scams and charlatans. As noted earlier, the bitcoins are locked down until the seller verifies that he or she has received payment from the buyer.

In the event you experience a problem with a trade, LocalBitcoins will help you to resolve it (see Customer Support Options below). Also, many questions can be answered by posing them to other customers on the LocalBitcoins forums.

Other forms of payment besides cash will not be accepted. Bitcoins will be transmitted instantly.”

If the terms are to your liking, type in the amount you’d like to purchase, and click the “Send Trade Request” button.

LocalBitcoins will transfer bitcoins from the seller’s wallet to an escrow account when a trade occurs. After you’ve paid for the bitcoins, click the “I have paid” button. As soon as the seller verifies receipt of your payment, LocalBitcoins will release your bitcoins from the escrow account and place them into your wallet.

Buying and selling BTC is free. However, users who place advertisements on LocalBitcoins are required to pay a 1% fee on each trade. So if you’re buying, you can avoid this fee by responding to sellers’ ads.

Transactions are instant, though it can take up to an hour to get everything squared away. That’s a conservative estimate. Transactions are often completed in minutes.

If you’re moving bitcoins between your LocalBitcoins wallet and another wallet, you’ll be charged a small transaction fee. The amount of the fee is continually adjusted to reflect network congestion.

If you want to buy bitcoins, all you have to do is look through sellers’ ads and find those that cater to your preferences. Want to meet the seller at your local McDonalds? No problem. Want to buy online using your Paypal account? Again, no problem.

If you want to sell bitcoins, all you have to do is create an ad with your terms. Buyers will find you. Just remember that, as the advertiser, you’ll be on the hook for the 1% trading fee. Alternatively, you can look through buyers’ ads to find someone to sell to.

Everything about the service is intuitive, and nothing is left to chance. LocalBitcoins also provides a helpful FAQ section that contains simple instructions, links to easy-to-follow guides, and even video tutorials. Things are laid out so well that you probably won’t need to use these resources. But they’re there if you need them.
submitted by supportnumberw to u/supportnumberw [link] [comments]

Localbitcoins Customer Service Phone Number=+1(855) 266-9652


Localbitcoins (P2P Exchange) Support Number=+1(855) 266-9652
LocalBitcoins doesn’t adhere to KYC protocols. That understandable since you’re not buying or selling bitcoins from the service. It’s just the middleman who matches you with trading partners, and provides an escrow account for transactions.

So, do you need a government-issued ID to trade on LocalBitcoins? It depends. A lot of sellers will require real-name verification before they’ll agree to sell to you online. The most common method of verification is a government-issued ID. Some sellers will accept a utility bill that has your name on it.

Why do sellers require this? To protect themselves from fraudulent payments. To be clear, you can refuse to verify your name. But you’ll severely limit the number of people who’ll be willing to sell to you online through LocalBitcoins.

Once you’ve created an account, look for advertisements posted by BTC sellers. There are thousands to choose from. You can filter ads according to which sellers accept U.S. dollars and which are located in the U.S. You can also filter ads by the type of payment accepted (cash by mail, Paypal, Moneygram, etc.).

When you find a promising seller, click the “Buy” button to the right of the ad’s Price/BTC. You’ll be taken to the seller’s ad, where you can view the details. You’ll see the seller’s location, feedback score, and the minimum and maximum trading limits. You’ll also see the terms of the trade.

Here’s an example of a current ad posted by a bitcoin seller:

Meeting preferences: McDonalds, Starbucks, or Panera

This advertisement is for a cash trade for bitcoin. We will meet at a McDonalds, Starbucks, or Panera (or another public area that we agree upon) to do the deal. Can meet most days, simply text me and we can set up a meeting.

LocalBitcoins uses a number of features to keep your money and your data safe. First up, it’s reputation feature. Every buyer and seller has a reputation score. This score results from the feedback left by others after each completed transaction. Use this feature to find traders who have a stellar track record. They’re unlikely to abscond with your money.

You can also enable two-factor authentication for your account. This is a system whereby you’re required to provide two things to prove your identity before you’re allowed to access your account. An example is an alphanumeric code that must be typed in using your phone. Two-factor authentication is a useful security measure.

When you buy and sell on LocalBitcoins, the bitcoins are placed into an escrow account. This is another layer of protection against scams and charlatans. As noted earlier, the bitcoins are locked down until the seller verifies that he or she has received payment from the buyer.

In the event you experience a problem with a trade, LocalBitcoins will help you to resolve it (see Customer Support Options below). Also, many questions can be answered by posing them to other customers on the LocalBitcoins forums.

Other forms of payment besides cash will not be accepted. Bitcoins will be transmitted instantly.”

If the terms are to your liking, type in the amount you’d like to purchase, and click the “Send Trade Request” button.

LocalBitcoins will transfer bitcoins from the seller’s wallet to an escrow account when a trade occurs. After you’ve paid for the bitcoins, click the “I have paid” button. As soon as the seller verifies receipt of your payment, LocalBitcoins will release your bitcoins from the escrow account and place them into your wallet.

Buying and selling BTC is free. However, users who place advertisements on LocalBitcoins are required to pay a 1% fee on each trade. So if you’re buying, you can avoid this fee by responding to sellers’ ads.

Transactions are instant, though it can take up to an hour to get everything squared away. That’s a conservative estimate. Transactions are often completed in minutes.

If you’re moving bitcoins between your LocalBitcoins wallet and another wallet, you’ll be charged a small transaction fee. The amount of the fee is continually adjusted to reflect network congestion.

If you want to buy bitcoins, all you have to do is look through sellers’ ads and find those that cater to your preferences. Want to meet the seller at your local McDonalds? No problem. Want to buy online using your Paypal account? Again, no problem.

If you want to sell bitcoins, all you have to do is create an ad with your terms. Buyers will find you. Just remember that, as the advertiser, you’ll be on the hook for the 1% trading fee. Alternatively, you can look through buyers’ ads to find someone to sell to.

Everything about the service is intuitive, and nothing is left to chance. LocalBitcoins also provides a helpful FAQ section that contains simple instructions, links to easy-to-follow guides, and even video tutorials. Things are laid out so well that you probably won’t need to use these resources. But they’re there if you need them.
submitted by EfficientPhotograph5 to u/EfficientPhotograph5 [link] [comments]

Localbitcoins (P2P Exchange) Customer Support Number +1(888)780-0222

Localbitcoins (P2P Exchange) Support Number=+1(888)780-0222

LocalBitcoins doesn’t adhere to KYC protocols. That understandable since you’re not buying or selling bitcoins from the service. It’s just the middleman who matches you with trading partners, and provides an escrow account for transactions.
So, do you need a government-issued ID to trade on LocalBitcoins? It depends. A lot of sellers will require real-name verification before they’ll agree to sell to you online. The most common method of verification is a government-issued ID. Some sellers will accept a utility bill that has your name on it.
Why do sellers require this? To protect themselves from fraudulent payments. To be clear, you can refuse to verify your name. But you’ll severely limit the number of people who’ll be willing to sell to you online through LocalBitcoins.
Once you’ve created an account, look for advertisements posted by BTC sellers. There are thousands to choose from. You can filter ads according to which sellers accept U.S. dollars and which are located in the U.S. You can also filter ads by the type of payment accepted (cash by mail, Paypal, Moneygram, etc.).
When you find a promising seller, click the “Buy” button to the right of the ad’s Price/BTC. You’ll be taken to the seller’s ad, where you can view the details. You’ll see the seller’s location, feedback score, and the minimum and maximum trading limits. You’ll also see the terms of the trade.
Here’s an example of a current ad posted by a bitcoin seller:
Meeting preferences: McDonalds, Starbucks, or Panera
This advertisement is for a cash trade for bitcoin. We will meet at a McDonalds, Starbucks, or Panera (or another public area that we agree upon) to do the deal. Can meet most days, simply text me and we can set up a meeting.
LocalBitcoins uses a number of features to keep your money and your data safe. First up, it’s reputation feature. Every buyer and seller has a reputation score. This score results from the feedback left by others after each completed transaction. Use this feature to find traders who have a stellar track record. They’re unlikely to abscond with your money.
You can also enable two-factor authentication for your account. This is a system whereby you’re required to provide two things to prove your identity before you’re allowed to access your account. An example is an alphanumeric code that must be typed in using your phone. Two-factor authentication is a useful security measure.
When you buy and sell on LocalBitcoins, the bitcoins are placed into an escrow account. This is another layer of protection against scams and charlatans. As noted earlier, the bitcoins are locked down until the seller verifies that he or she has received payment from the buyer.
In the event you experience a problem with a trade, LocalBitcoins will help you to resolve it (see Customer Support Options below). Also, many questions can be answered by posing them to other customers on the LocalBitcoins forums.
Other forms of payment besides cash will not be accepted. Bitcoins will be transmitted instantly.”
If the terms are to your liking, type in the amount you’d like to purchase, and click the “Send Trade Request” button.
LocalBitcoins will transfer bitcoins from the seller’s wallet to an escrow account when a trade occurs. After you’ve paid for the bitcoins, click the “I have paid” button. As soon as the seller verifies receipt of your payment, LocalBitcoins will release your bitcoins from the escrow account and place them into your wallet.
Buying and selling BTC is free. However, users who place advertisements on LocalBitcoins are required to pay a 1% fee on each trade. So if you’re buying, you can avoid this fee by responding to sellers’ ads.
Transactions are instant, though it can take up to an hour to get everything squared away. That’s a conservative estimate. Transactions are often completed in minutes.
If you’re moving bitcoins between your LocalBitcoins wallet and another wallet, you’ll be charged a small transaction fee. The amount of the fee is continually adjusted to reflect network congestion.
If you want to buy bitcoins, all you have to do is look through sellers’ ads and find those that cater to your preferences. Want to meet the seller at your local McDonalds? No problem. Want to buy online using your Paypal account? Again, no problem.
If you want to sell bitcoins, all you have to do is create an ad with your terms. Buyers will find you. Just remember that, as the advertiser, you’ll be on the hook for the 1% trading fee. Alternatively, you can look through buyers’ ads to find someone to sell to.
Everything about the service is intuitive, and nothing is left to chance. LocalBitcoins also provides a helpful FAQ section that contains simple instructions, links to easy-to-follow guides, and even video tutorials. Things are laid out so well that you probably won’t need to use these resources. But they’re there if you need them.
submitted by bitcoinsupportdf to u/bitcoinsupportdf [link] [comments]

Which are your Top 5 favourite coins out of the Top 100? An analysis.

I am putting together my investment portfolio for 2018 and made a complete summary of the current Top 100. Interestingly, I noticed that all coins can be categorized into 12 markets. Which markets do you think will play the biggest role in the coming year?
Here is a complete overview of all coins in an excel sheet including name, market, TPS, risk profile, time since launch (negative numbers mean that they are launching that many months in the future) and market cap. You can also sort by all of these fields of course. Coins written in bold are the strongest contenders within their market either due to having the best technology or having a small market cap and still excellent technology and potential. https://docs.google.com/spreadsheets/d/1s8PHcNvvjuy848q18py_CGcu8elRGQAUIf86EYh4QZo/edit#gid=0
The 12 markets are
  1. Currency 13 coins
  2. Platform 25 coins
  3. Ecosystem 9 coins
  4. Privacy 10 coins
  5. Currency Exchange Tool 8 coins
  6. Gaming & Gambling 5 coins
  7. Misc 15 coins
  8. Social Network 4 coins
  9. Fee Token 3 coins
  10. Decentralized Data Storage 4 coins
  11. Cloud Computing 3 coins
  12. Stable Coin 2 coins
Before we look at the individual markets, we need to take a look of the overall market and its biggest issue scalability first:
Cryptocurrencies aim to be a decentralized currency that can be used worldwide. Its goal is to replace dollar, Euro, Yen, all FIAT currencies worldwide. The coin that will achieve that will be worth several trillion dollars.
Bitcoin can only process 7 transactions per second (TPS). In order to replace all FIAT, it would need to perform at at least VISA levels, which usually processes around 3,000 TPS, up to 25,000 TPS during peak times and a maximum of 64,000 TPS. That means that this cryptocurrency would need to be able to perform at least several thousand TPS. However, a ground breaking technology should not look at current technology to set a goal for its use, i.e. estimating the number of emails sent in 1990 based on the number of faxes sent wasn’t a good estimate.
For that reason, 10,000 TPS is the absolute baseline for a cryptocurrency that wants to replace FIAT. This brings me to IOTA, which wants to connect all 80 billion IoT devices that are expected to exist by 2025, which constantly communicate with each other, creating 80 billion or more transactions per second. This is the benchmark that cryptocurrencies should be aiming for. Currently, 8 billion devices are connected to the Internet.
With its Lightning network recently launched, Bitcoin is realistically looking at 50,000 possible soon. Other notable cryptocurrencies besides IOTA and Bitcoin are Nano with 7,000 TPS already tested, Dash with several billion TPS possible with Masternodes, Neo, LISK and RHOC with 100,000 TPS by 2020, Ripple with 50,000 TPS, Ethereum with 10,000 with Sharding.
However, it needs to be said that scalability usually goes at the cost of decentralization and security. So, it needs to be seen, which of these technologies can prove itself resilient and performant.
Without further ado, here are the coins of the first market

Market 1 - Currency:

  1. Bitcoin: 1st generation blockchain with currently bad scalability currently, though the implementation of the Lightning Network looks promising and could alleviate most scalability concerns, scalability and high energy use.
  2. Ripple: Centralized currency that might become very successful due to tight involvement with banks and cross-border payments for financial institutions; banks and companies like Western Union and Moneygram (who they are currently working with) as customers customers. However, it seems they are aiming for more decentralization now.https://ripple.com/dev-blog/decentralization-strategy-update/. Has high TPS due to Proof of Correctness algorithm.
  3. Bitcoin Cash: Bitcoin fork with the difference of having an 8 times bigger block size, making it 8 times more scalable than Bitcoin currently. Further block size increases are planned. Only significant difference is bigger block size while big blocks lead to further problems that don't seem to do well beyond a few thousand TPS. Opponents to a block size argue that increasing the block size limit is unimaginative, offers only temporary relief, and damages decentralization by increasing costs of participation. In order to preserve decentralization, system requirements to participate should be kept low. To understand this, consider an extreme example: very big blocks (1GB+) would require data center level resources to validate the blockchain. This would preclude all but the wealthiest individuals from participating.Community seems more open than Bitcoin's though.
  4. Litecoin : Little brother of Bitcoin. Bitcoin fork with different mining algorithm but not much else.Copies everything that Bitcoin does pretty much. Lack of real innovation.
  5. Dash: Dash (Digital Cash) is a fork of Bitcoin and focuses on user ease. It has very fast transactions within seconds, low fees and uses Proof of Service from Masternodes for consensus. They are currently building a system called Evolution which will allow users to send money using usernames and merchants will find it easy to integrate Dash using the API. You could say Dash is trying to be a PayPal of cryptocurrencies. Currently, cryptocurrencies must choose between decentralization, speed, scalability and can pick only 2. With Masternodes, Dash picked speed and scalability at some cost of decentralization, since with Masternodes the voting power is shifted towards Masternodes, which are run by Dash users who own the most Dash.
  6. IOTA: 3rd generation blockchain called Tangle, which has a high scalability, no fees and instant transactions. IOTA aims to be the connective layer between all 80 billion IOT devices that are expected to be connected to the Internet in 2025, possibly creating 80 billion transactions per second or 800 billion TPS, who knows. However, it needs to be seen if the Tangle can keep up with this scalability and iron out its security issues that have not yet been completely resolved.
  7. Nano: 3rd generation blockchain called Block Lattice with high scalability, no fees and instant transactions. Unlike IOTA, Nano only wants to be a payment processor and nothing else, for now at least. With Nano, every user has their own blockchain and has to perform a small amount of computing for each transaction, which makes Nano perform at 300 TPS with no problems and 7,000 TPS have also been tested successfully. Very promising 3rd gen technology and strong focus on only being the fastest currency without trying to be everything.
  8. Decred: As mining operations have grown, Bitcoin’s decision-making process has become more centralized, with the largest mining companies holding large amounts of power over the Bitcoin improvement process. Decred focuses heavily on decentralization with their PoW Pos hybrid governance system to become what Bitcoin was set out to be. They will soon implement the Lightning Network to scale up. While there do not seem to be more differences to Bitcoin besides the novel hybrid consensus algorithm, which Ethereum, Aeternity and Bitcoin Atom are also implementing, the welcoming and positive Decred community and professoinal team add another level of potential to the coin.
  9. Aeternity: We’ve seen recently, that it’s difficult to scale the execution of smart contracts on the blockchain. Crypto Kitties is a great example. Something as simple as creating and trading unique assets on Ethereum bogged the network down when transaction volume soared. Ethereum and Zilliqa address this problem with Sharding. Aeternity focuses on increasing the scalability of smart contracts and dapps by moving smart contracts off-chain. Instead of running on the blockchain, smart contracts on Aeternity run in private state channels between the parties involved in the contracts. State channels are lines of communication between parties in a smart contract. They don’t touch the blockchain unless they need to for adjudication or transfer of value. Because they’re off-chain, state channel contracts can operate much more efficiently. They don’t need to pay the network for every time they compute and can also operate with greater privacy. An important aspect of smart contract and dapp development is access to outside data sources. This could mean checking the weather in London, score of a football game, or price of gold. Oracles provide access to data hosted outside the blockchain. In many blockchain projects, oracles represent a security risk and potential point of failure, since they tend to be singular, centralized data streams. Aeternity proposes decentralizing oracles with their oracle machine. Doing so would make outside data immutable and unchangeable once it reaches Aeternity’s blockchain. Of course, the data source could still be hacked, so Aeternity implements a prediction market where users can bet on the accuracy and honesty of incoming data from various oracles.It also uses prediction markets for various voting and verification purposes within the platform. Aeternity’s network runs on on a hybrid of proof of work and proof of stake. Founded by a long-time crypto-enthusiast and early colleague of Vitalik Buterin, Yanislav Malahov. Promising concept though not product yet
  10. Bitcoin Atom: Atomic Swaps and hybrid consenus. This looks like the only Bitcoin clone that actually is looking to innovate next to Bitcoin Cash.
  11. Dogecoin: Litecoin fork, fantastic community, though lagging behind a bit in technology.
  12. Bitcoin Gold: A bit better security than bitcoin through ASIC resistant algorithm, but that's it. Not that interesting.
  13. Digibyte: Digibyte's PoS blockchain is spread over a 100,000+ servers, phones, computers, and nodes across the globe, aiming for the ultimate level of decentralization. DigiByte rebalances the load between the five mining algorithms by adjusting the difficulty of each so one algorithm doesn’t become dominant. The algorithm's asymmetric difficulty has gained notoriety and been deployed in many other blockchains.DigiByte’s adoption over the past four years has been slow. It’s still a relatively obscure currency compared its competitors. The DigiByte website offers a lot of great marketing copy and buzzwords. However, there’s not much technical information about what they have planned for the future. You could say Digibyte is like Bitcoin, but with shorter blocktimes and a multi-algorithm. However, that's not really a difference big enough to truly set themselves apart from Bitcoin, since these technologies could be implemented by any blockchain without much difficulty. Their decentralization is probably their strongest asset, however, this also change quickly if the currency takes off and big miners decide to go into Digibyte.
  14. Bitcoin Diamond Asic resistant Bitcoin and Copycat

Market 2 - Platform

Most of the cryptos here have smart contracts and allow dapps (Decentralized apps) to be build on their platform and to use their token as an exchange of value between dapp services.
  1. Ethereum: 2nd generation blockchain that allows the use of smart contracts. Bad scalability currently, though this concern could be alleviated by the soon to be implemented Lightning Network aka Plasma and its Sharding concept.
  2. EOS: Promising technology that wants to be able do everything, from smart contracts like Ethereum, scalability similar to Nano with 1000 tx/second + near instant transactions and zero fees, to also wanting to be a platform for dapps. However, EOS doesn't have a product yet and everything is just promises still. Highly overvalued right now. However, there are lots of red flags, have dumped $500 million Ether over the last 2 months and possibly bought back EOS to increase the size of their ICO, which has been going on for over a year and has raised several billion dollars. All in all, their market cap is way too high for that and not even having a product.
  3. Cardano: Similar to Ethereum/EOS, however, only promises made with no delivery yet, highly overrated right now. Interesting concept though. Market cap way too high for not even having a product. Somewhat promising technology.
  4. VeChain: Singapore-based project that’s building a business enterprise platform and inventory tracking system. Examples are verifying genuine luxury goods and food supply chains. Has one of the strongest communities in the crypto world. Most hyped token of all, with merit though.
  5. Neo: Neo is a platform, similar to Eth, but more extensive, allowing dapps and smart contracts, but with a different smart contract gas system, consensus mechanism (PoS vs. dBfT), governance model, fixed vs unfixed supply, expensive contracts vs nearly free contracts, different ideologies for real world adoption. There are currently only 9 nodes, each of which are being run by a company/entity hand selected by the NEO council (most of which are located in china) and are under contract. This means that although the locations of the nodes may differ, ultimately the neo council can bring them down due to their legal contracts. In fact this has been done in the past when the neo council was moving 50 million neo that had been locked up. Also dbft (or neo's implmentation of it) has failed underload causing network outages during major icos. The first step in decentralization is that the NEO Counsel will select trusted nodes (Universities, business partners, etc.) and slowly become less centralized that way. The final step in decentralization will be allowing NEO holders to vote for new nodes, similar to a DPoS system (ARK/EOS/LISK). NEO has a regulation/government friendly ideology. Finally they are trying to work undewith the Chinese government in regards to regulations. If for some reason they wanted it shut down, they could just shut it down.
  6. Stellar: PoS system, similar goals as Ripple, but more of a platform than only a currency. 80% of Stellar are owned by Stellar.org still, making the currency centralized.
  7. Ethereum classic: Original Ethereum that decided not to fork after a hack. The Ethereum that we know is its fork. Uninteresing, because it has a lot of less resources than Ethereum now and a lot less community support.
  8. Ziliqa: Zilliqa is building a new way of sharding. 2400 tpx already tested, 10,000 tps soon possible by being linearly scalable with the number of nodes. That means, the more nodes, the faster the network gets. They are looking at implementing privacy as well.
  9. QTUM: Enables Smart contracts on the Bitcoin blockchain. Useful.
  10. Icon: Korean ethereum. Decentralized application platform that's building communities in partnership with banks, insurance providers, hospitals, and universities. Focused on ID verification and payments. No big differentiators to the other 20 Ethereums, except that is has a product. That is a plus. Maybe cheap alternative to Ethereum.
  11. LISK: Lisk's difference to other BaaS is that side chains are independent to the main chain and have to have their own nodes. Similar to neo whole allows dapps to deploy their blockchain to. However, Lisk is currently somewhat centralized with a small group of members owning more than 50% of the delegated positions. Lisk plans to change the consensus algorithm for that reason in the near future.
  12. Rchain: Similar to Ethereum with smart contract, though much more scalable at an expected 40,000 TPS and possible 100,000 TPS. Not launched yet. No product launched yet, though promising technology. Not overvalued, probably at the right price right now.
  13. ARDR: Similar to Lisk. Ardor is a public blockchain platform that will allow people to utilize the blockchain technology of Nxt through the use of child chains. A child chain, which is a ‘light’ blockchain that can be customized to a certain extent, is designed to allow easy self-deploy for your own blockchain. Nxt claims that users will "not need to worry" about security, as that part is now handled by the main chain (Ardor). This is the chief innovation of Ardor. Ardor was evolved from NXT by the same company. NEM started as a NXT clone.
  14. Ontology: Similar to Neo. Interesting coin
  15. Bytom: Bytom is an interactive protocol of multiple byte assets. Heterogeneous byte-assets (indigenous digital currency, digital assets) that operate in different forms on the Bytom Blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exist in the physical world) can be registered, exchanged, gambled and engaged in other more complicated and contract-based interoperations via Bytom.
  16. Nxt: Similar to Lisk
  17. Stratis: Different to LISK, Stratis will allow businesses and organizations to create their own blockchain according to their own needs, but secured on the parent Stratis chain. Stratis’s simple interface will allow organizations to quickly and easily deploy and/or test blockchain functionality of the Ethereum, BitShares, BitCoin, Lisk and Stratis environements.
  18. Status: Status provides access to all of Ethereum’s decentralized applications (dapps) through an app on your smartphone. It opens the door to mass adoption of Ethereum dapps by targeting the fastest growing computer segment in the world – smartphone users.16. Ark: Fork of Lisk that focuses on a smaller feature set. Ark wallets can only vote for one delegate at a time which forces delegates to compete against each other and makes cartel formations incredibly hard, if not impossible.
  19. Neblio: Similar to Neo, but 30x smaller market cap.
  20. NEM: Is similar to Neo No marketing team, very high market cap for little clarilty what they do.
  21. Bancor: Bancor is a Decentralized Liquidity Network that allows you to hold any Ethereum token and convert it to any other token in the network, with no counter party, at an automatically calculated price, using a simple web wallet.
  22. Dragonchain: The Purpose of DragonChain is to help companies quickly and easily incorporate blockchain into their business applications. Many companies might be interested in making this transition because of the benefits associated with serving clients over a blockchain – increased efficiency and security for transactions, a reduction of costs from eliminating potential fraud and scams, etc.
  23. Skycoin: Transactions with zero fees that take apparently two seconds, unlimited transaction rate, no need for miners and block rewards, low power usage, all of the usual cryptocurrency technical vulnerabilities fixed, a consensus mechanism superior to anything that exists, resistant to all conceivable threats (government censorship, community infighting, cybenucleaconventional warfare, etc). Skycoin has their own consensus algorithm known as Obelisk written and published academically by an early developer of Ethereum. Obelisk is a non-energy intensive consensus algorithm based on a concept called ‘web of trust dynamics’ which is completely different to PoW, PoS, and their derivatives. Skywire, the flagship application of Skycoin, has the ambitious goal of decentralizing the internet at the hardware level and is about to begin the testnet in April. However, this is just one of the many facets of the Skycoin ecosystem. Skywire will not only provide decentralized bandwidth but also storage and computation, completing the holy trinity of commodities essential for the new internet. Skycion a smear campaign launched against it, though they seem legit and reliable. Thus, they are probably undervalued.

Market 3 - Ecosystem

The 3rd market with 11 coins is comprised of ecosystem coins, which aim to strengthen the ease of use within the crypto space through decentralized exchanges, open standards for apps and more
  1. Nebulas: Similar to how Google indexes webpages Nebulas will index blockchain projects, smart contracts & data using the Nebulas rank algorithm that sifts & sorts the data. Developers rewarded NAS to develop & deploy on NAS chain. Nebulas calls this developer incentive protocol – basically rewards are issued based on how often dapp/contract etc. is used, the more the better the rewards and Proof of devotion. Works like DPoS except the best, most economically incentivised developers (Bookkeeppers) get the forging spots. Ensuring brains stay with the project (Cross between PoI & PoS). 2,400 TPS+, DAG used to solve the inter-transaction dependencies in the PEE (Parallel Execution Environment) feature, first crypto Wallet that supports the Lightening Network.
  2. Waves: Decentralized exchange and crowdfunding platform. Let’s companies and projects to issue and manage their own digital coin tokens to raise money.
  3. Salt: Leveraging blockchain assets to secure cash loands. Plans to offer cash loans in traditional currencies, backed by your cryptocurrency assets. Allows lenders worldwide to skip credit checks for easier access to affordable loans.
  4. CHAINLINK: ChainLink is a decentralized oracle service, the first of its kind. Oracles are defined as an ‘agent’ that finds and verifies real-world occurrences and submits this information to a blockchain to be used in smart contracts.With ChainLink, smart contract users can use the network’s oracles to retrieve data from off-chain application program interfaces (APIs), data pools, and other resources and integrate them into the blockchain and smart contracts. Basically, ChainLink takes information that is external to blockchain applications and puts it on-chain. The difference to Aeternity is that Chainlink deploys the smart contracts on the Ethereum blockchain while Aeternity has its own chain.
  5. WTC: Combines blockchain with IoT to create a management system for supply chains Interesting
  6. Ethos unifyies all cryptos. Ethos is building a multi-cryptocurrency phone wallet. The team is also building an investment diversification tool and a social network
  7. Aion: Aion is the token that pays for services on the Aeternity platform.
  8. USDT: is no cryptocurrency really, but a replacement for dollar for trading After months of asking for proof of dollar backing, still no response from Tether.

Market 4 - Privacy

The 4th market are privacy coins. As you might know, Bitcoin is not anonymous. If the IRS or any other party asks an exchange who is the identity behind a specific Bitcoin address, they know who you are and can track back almost all of the Bitcoin transactions you have ever made and all your account balances. Privacy coins aim to prevent exactly that through address fungability, which changes addresses constantly, IP obfuscation and more. There are 2 types of privacy coins, one with completely privacy and one with optional privacy. Optional Privacy coins like Dash and Nav have the advantage of more user friendliness over completely privacy coins such as Monero and Enigma.
  1. Monero: Currently most popular privacy coin, though with a very high market cap. Since their privacy is all on chain, all prior transactions would be deanonymized if their protocol is ever cracked. This requires a quantum computing attack though. PIVX is better in that regard.
  2. Zcash: A decentralized and open-source cryptocurrency that hide the sender, recipient, and value of transactions. Offers users the option to make transactions public later for auditing. Decent privacy coin, though no default privacy
  3. Verge: Calls itself privacy coin without providing private transactions, multiple problems over the last weeks has a toxic community, and way too much hype for what they have.
  4. Bytecoin: First privacy-focused cryptocurrency with anonymous transactions. Bytecoin’s code was later adapted to create Monero, the more well-known anonymous cryptocurrency. Has several scam accusations, 80% pre-mine, bad devs, bad tech
  5. Bitcoin Private: A merge fork of Bitcoin and Zclassic with Zclassic being a fork of Zcash with the difference of a lack of a founders fee required to mine a valid block. This promotes a fair distribution, preventing centralized coin ownership and control. Bitcoin private offers the optional ability to keep the sender, receiver, and amount private in a given transaction. However, this is already offered by several good privacy coins (Monero, PIVX) and Bitcoin private doesn't offer much more beyond this.
  6. Komodo: The Komodo blockchain platform uses Komodo’s open-source cryptocurrency for doing transparent, anonymous, private, and fungible transactions. They are then made ultra-secure using Bitcoin’s blockchain via a Delayed Proof of Work (dPoW) protocol and decentralized crowdfunding (ICO) platform to remove middlemen from project funding. Offers services for startups to create and manage their own Blockchains.
  7. PIVX: As a fork of Dash, PIVX uses an advanced implementation of the Zerocoin protocol to provide it’s privacy. This is a form of zeroknowledge proofs, which allow users to spend ‘Zerocoins’ that have no link back to them. Unlike Zcash u have denominations in PIVX, so they can’t track users by their payment amount being equal to the amount of ‘minted’ coins, because everyone uses the same denominations. PIVX is also implementing Bulletproofs, just like Monero, and this will take care of arguably the biggest weakness of zeroknowledge protocols: the trusted setup.
  8. Zcoin: PoW cryptocurrency. Private financial transactions, enabled by the Zerocoin Protocol. Zcoin is the first full implementation of the Zerocoin Protocol, which allows users to have complete privacy via Zero-Knowledge cryptographic proofs.
  9. Enigma: Monero is to Bitcoin what enigma is to Ethereum. Enigma is for making the data used in smart contracts private. More of a platform for dapps than a currency like Monero. Very promising.
  10. Navcoin: Like bitcoin but with added privacy and pos and 1,170 tps, but only because of very short 30 second block times. Though, privacy is optional, but aims to be more user friendly than Monero. However, doesn't really decide if it wants to be a privacy coin or not. Same as Zcash.Strong technology, non-shady team.
  11. Tenx: Raised 80 million, offers cryptocurrency-linked credit cards that let you spend virtual money in real life. Developing a series of payment platforms to make spending cryptocurrency easier. However, the question is if full privacy coins will be hindered in growth through government regulations and optional privacy coins will become more successful through ease of use and no regulatory hindrance.

Market 5 - Currency Exchange Tool

Due to the sheer number of different cryptocurrencies, exchanging one currency for the other it still cumbersome. Further, merchants don’t want to deal with overcluttered options of accepting cryptocurrencies. This is where exchange tool like Req come in, which allow easy and simple exchange of currencies.
  1. Cryptonex: Fiat and currency exchange between various blockchain services, similar to REQ.
  2. QASH: Qash is used to fuel its liquid platform which will be an exchange that will distribute their liquidity pool. Its product, the Worldbook is a multi-exchange order book that matches crypto to crypto, and crypto to fiat and the reverse across all currencies. E.g., someone is selling Bitcoin is USD on exchange1 not owned by Quoine and someone is buying Bitcoin in EURO on exchange 2 not owned by Quoine. If the forex conversions and crypto conversions match then the trade will go through and the Worldbook will match it, it'll make the sale and the purchase on either exchange and each user will get what they wanted, which means exchanges with lower liquidity if they join the Worldbook will be able to fill orders and take trade fees they otherwise would miss out on.They turned it on to test it a few months ago for an hour or so and their exchange was the top exchange in the world by 4x volume for the day because all Worldbook trades ran through it. Binance wants BNB to be used on their one exchange. Qash wants their QASH token embedded in all of their partners. More info here https://www.reddit.com/CryptoCurrency/comments/8a8lnwhich_are_your_top_5_favourite_coins_out_of_the/dwyjcbb/?context=3
  3. Kyber: network Exchange between cryptocurrencies, similar to REQ. Features automatic coin conversions for payments. Also offers payment tools for developers and a cryptocurrency wallet.
  4. Achain: Building a boundless blockchain world like Req .
  5. Req: Exchange between cryptocurrencies.
  6. Bitshares: Exchange between cryptocurrencies. Noteworthy are the 1.5 second average block times and throughput potential of 100,000 transactions per second with currently 2,400 TPS having been proven. However, bitshares had several Scam accusations in the past.
  7. Loopring: A protocol that will enable higher liquidity between exchanges and personal wallets.
  8. ZRX: Open standard for dapps. Open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain. In 0x protocol, orders are transported off-chain, massively reducing gas costs and eliminating blockchain bloat. Relayers help broadcast orders and collect a fee each time they facilitate a trade. Anyone can build a relayer.

Market 6 - Gaming

With an industry size of $108B worldwide, Gaming is one of the largest markets in the world. For sure, cryptocurrencies will want to have a share of that pie.
  1. Storm: Mobile game currency on a platform with 9 million players.
  2. Fun: A platform for casino operators to host trustless, provably-fair gambling through the use of smart contracts, as well as creating their own implementation of state channels for scalability.
  3. Electroneum: Mobile game currency They have lots of technical problems, such as several 51% attacks
  4. Wax: Marketplace to trade in-game items

Market 7 - Misc

There are various markets being tapped right now. They are all summed up under misc.
  1. OMG: Omise is designed to enable financial services for people without bank accounts. It works worldwide and with both traditional money and cryptocurrencies.
  2. Power ledger: Australian blockchain-based cryptocurrency and energy trading platform that allows for decentralized selling and buying of renewable energy. Unique market and rather untapped market in the crypto space.
  3. Populous: A platform that connects business owners and invoice buyers without middlemen. Invoice sellers get cash flow to fund their business and invoice buyers earn interest. Similar to OMG, small market.
  4. Monacoin: The first Japanese cryptocurrency. Focused on micro-transactions and based on a popular internet meme of a type-written cat. This makes it similar to Dogecoin. Very niche, tiny market.
  5. Revain: Legitimizing reviews via the blockchain. Interesting concept, though market not as big.
  6. Augur: Platform to forecast and make wagers on the outcome of real-world events (AKA decentralized predictions). Uses predictions for a “wisdom of the crowd” search engine. Not launched yet.
  7. Substratum: Revolutionzing hosting industry via per request billing as a decentralized internet hosting system. Uses a global network of private computers to create the free and open internet of the future. Participants earn cryptocurrency. Interesting concept.
  8. Veritaseum: Is supposed to be a peer to peer gateway, though it looks like very much like a scam.
  9. TRON: Tronix is looking to capitalize on ownership of internet data to content creators. However, they plagiarized their white paper, which is a no go. They apologized, so it needs to be seen how they will conduct themselves in the future. Extremely high market cap for not having a product, nor proof of concept.
  10. Syscoin: A cryptocurrency with a decentralized marketplace that lets people buy and sell products directly without third parties. Trying to remove middlemen like eBay and Amazon.
  11. Hshare: Most likely scam because of no code changes, most likely pump and dump scheme, dead community.
  12. BAT: An Ethereum-based token that can be exchanged between content creators, users, and advertisers. Decentralized ad-network that pays based on engagement and attention.
  13. Dent: Decentralizeed exchange of mobile data, enabling mobile data to be marketed, purchased or distributed, so that users can quickly buy or sell data from any user to another one.
  14. Ncash: End to end encrypted Identification system for retailers to better serve their customers .
  15. Factom Secure record-keeping system that allows companies to store their data directly on the Blockchain. The goal is to make records more transparent and trustworthy .

Market 8 - Social network

Web 2.0 is still going strong and Web 3.0 is not going to ignore it. There are several gaming tokens already out there and a few with decent traction already, such as Steem, which is Reddit with voting through money is a very interesting one.
  1. Mithril: As users create content via social media, they will be rewarded for their contribution, the better the contribution, the more they will earn
  2. Steem: Like Reddit, but voting with money. Already launched product and Alexa rank 1,000 Thumbs up.
  3. Rdd: Reddcoin makes the process of sending and receiving money fun and rewarding for everyone. Reddcoin is dedicated to one thing – tipping on social networks as a way to bring cryptocurrency awareness and experience to the general public.
  4. Kin: Token for the platform Kik. Kik has a massive user base of 400 million people. Replacing paying with FIAT with paying with KIN might get this token to mass adoption very quickly.

Market 9 - Fee token

Popular exchanges realized that they can make a few billion dollars more by launching their own token. Owning these tokens gives you a reduction of trading fees. Very handy and BNB (Binance Coin) has been one of the most resilient tokens, which have withstood most market drops over the last weeks and was among the very few coins that could show growth.
  1. BNB: Fee token for Binance
  2. Gas: Not a Fee token for an exchange, but it is a dividend paid out on Neo and a currency that can be used to purchase services for dapps.
  3. Kucoin: Fee token for Kucoin

Market 10 - Decentralized Data Storage

Currently, data storage happens with large companies or data centers that are prone to failure or losing data. Decentralized data storage makes loss of data almost impossible by distributing your files to numerous clients that hold tiny pieces of your data. Remember Torrents? Torrents use a peer-to-peer network. It is similar to that. Many users maintain copies of the same file, when someone wants a copy of that file, they send a request to the peer-to-peer network., users who have the file, known as seeds, send fragments of the file to the requester., he requester receives many fragments from many different seeds, and the torrent software recompiles these fragments to form the original file.
  1. Gbyte: Byteball data is stored and ordered using directed acyclic graph (DAG) rather than blockchain. This allows all users to secure each other's data by referencing earlier data units created by other users, and also removes scalability limits common for blockchains, such as blocksize issue.
  2. Siacoin: Siacoin is decentralized storage platform. Distributes encrypted files to thousands of private users who get paid for renting out their disk space. Anybody with siacoins can rent storage from hosts on Sia. This is accomplish via "smart" storage contracts stored on the Sia blockchain. The smart contract provides a payment to the host only after the host has kept the file for a given amount of time. If the host loses the file, the host does not get paid.
  3. Maidsafecoin: MaidSafe stands for Massive Array of Internet Disks, Secure Access for Everyone.Instead of working with data centers and servers that are common today and are vulnerable to data theft and monitoring, SAFE’s network uses advanced P2P technology to bring together the spare computing capacity of all SAFE users and create a global network. You can think of SAFE as a crowd-sourced internet. All data and applications reside in this network. It’s an autonomous network that automatically sets prices and distributes data and rents out hard drive disk space with a Blockchain-based storage solutions.When you upload a file to the network, such as a photo, it will be broken into pieces, hashed, and encrypted. The data is then randomly distributed across the network. Redundant copies of the data are created as well so that if someone storing your file turns off their computer, you will still have access to your data. And don’t worry, even with pieces of your data on other people’s computers, they won’t be able to read them. You can earn MadeSafeCoins by participating in storing data pieces from the network on your computer and thus earning a Proof of Resource.
  4. Storj: Storj aims to become a cloud storage platform that can’t be censored or monitored, or have downtime. Your files are encrypted, shredded into little pieces called 'shards', and stored in a decentralized network of computers around the globe. No one but you has a complete copy of your file, not even in an encrypted form.

Market 11 - Cloud computing

Obviously, renting computing power, one of the biggest emerging markets as of recent years, e.g. AWS and Digital Ocean, is also a service, which can be bought and managed via the blockchain.
  1. Golem: Allows easy use of Supercomputer in exchange for tokens. People worldwide can rent out their computers to the network and get paid for that service with Golem tokens.
  2. Elf: Allows easy use of Cloud computing in exchange for tokens.

Market 12 - Stablecoin

Last but not least, there are 2 stablecoins that have established themselves within the market. A stable coin is a coin that wants to be independent of the volatility of the crypto markets. This has worked out pretty well for Maker and DGD, accomplished through a carefully diversified currency fund and backing each token by 1g or real gold respectively. DO NOT CONFUSE DGD AND MAKER with their STABLE COINS DGX and DAI. DGD and MAKER are volatile, because they are the companies of DGX and DAI. DGX and DAI are the stable coins.
  1. DGD: Platform of the Stablecoin DGX. Every DGX coin is backed by 1g of gold and make use proof of asset consensus.
  2. Maker: Platform of the Stablecoin DAI that doesn't vary much in price through widespread and smart diversification of assets.
EDIT: Added a risk factor from 0 to 10. The baseline is 2 for any crypto. Significant scandals, mishaps, shady practices, questionable technology, increase the risk factor. Not having a product yet automatically means a risk factor of 6. Strong adoption and thus strong scrutiny or positive community lower the risk factor.
EDIT2: Added a subjective potential factor from 0 to 10, where its overall potential and a small or big market cap is factored in. Bitcoin with lots of potential only gets a 9, because of its massive market cap, because if Bitcoin goes 10x, smaller coins go 100x, PIVX gets a 10 for being as good as Monero while carrying a 10x smaller market cap, which would make PIVX go 100x if Monero goes 10x.
submitted by galan77 to CryptoCurrency [link] [comments]

Localbitcoins (P2P exchange) Support Number 1+888-780-0222 [email protected]#[email protected]&

LocalBitcoins doesn’t adhere to KYC protocols. That understandable since you’re not buying or selling bitcoins from the service. It’s just the middleman who matches you with trading partners, and provides an escrow account for transactions.
So, do you need a government-issued ID to trade on LocalBitcoins? It depends. A lot of sellers will require real-name verification before they’ll agree to sell to you online. The most common method of verification is a government-issued ID. Some sellers will accept a utility bill that has your name on it.
Why do sellers require this? To protect themselves from fraudulent payments. To be clear, you can refuse to verify your name. But you’ll severely limit the number of people who’ll be willing to sell to you online through LocalBitcoins.
Once you’ve created an account, look for advertisements posted by BTC sellers. There are thousands to choose from. You can filter ads according to which sellers accept U.S. dollars and which are located in the U.S. You can also filter ads by the type of payment accepted (cash by mail, Paypal, Moneygram, etc.).
When you find a promising seller, click the “Buy” button to the right of the ad’s Price/BTC. You’ll be taken to the seller’s ad, where you can view the details. You’ll see the seller’s location, feedback score, and the minimum and maximum trading limits. You’ll also see the terms of the trade.
Here’s an example of a current ad posted by a bitcoin seller:
Meeting preferences: McDonalds, Starbucks, or Panera
This advertisement is for a cash trade for bitcoin. We will meet at a McDonalds, Starbucks, or Panera (or another public area that we agree upon) to do the deal. Can meet most days, simply text me and we can set up a meeting.
LocalBitcoins uses a number of features to keep your money and your data safe. First up, it’s reputation feature. Every buyer and seller has a reputation score. This score results from the feedback left by others after each completed transaction. Use this feature to find traders who have a stellar track record. They’re unlikely to abscond with your money.
You can also enable two-factor authentication for your account. This is a system whereby you’re required to provide two things to prove your identity before you’re allowed to access your account. An example is an alphanumeric code that must be typed in using your phone. Two-factor authentication is a useful security measure.
When you buy and sell on LocalBitcoins, the bitcoins are placed into an escrow account. This is another layer of protection against scams and charlatans. As noted earlier, the bitcoins are locked down until the seller verifies that he or she has received payment from the buyer.
In the event you experience a problem with a trade, LocalBitcoins will help you to resolve it (see Customer Support Options below). Also, many questions can be answered by posing them to other customers on the LocalBitcoins forums.
Other forms of payment besides cash will not be accepted. Bitcoins will be transmitted instantly.”
If the terms are to your liking, type in the amount you’d like to purchase, and click the “Send Trade Request” button.
LocalBitcoins will transfer bitcoins from the seller’s wallet to an escrow account when a trade occurs. After you’ve paid for the bitcoins, click the “I have paid” button. As soon as the seller verifies receipt of your payment, LocalBitcoins will release your bitcoins from the escrow account and place them into your wallet.
Buying and selling BTC is free. However, users who place advertisements on LocalBitcoins are required to pay a 1% fee on each trade. So if you’re buying, you can avoid this fee by responding to sellers’ ads.
Transactions are instant, though it can take up to an hour to get everything squared away. That’s a conservative estimate. Transactions are often completed in minutes.
If you’re moving bitcoins between your LocalBitcoins wallet and another wallet, you’ll be charged a small transaction fee. The amount of the fee is continually adjusted to reflect network congestion.
If you want to buy bitcoins, all you have to do is look through sellers’ ads and find those that cater to your preferences. Want to meet the seller at your local McDonalds? No problem. Want to buy online using your Paypal account? Again, no problem.
If you want to sell bitcoins, all you have to do is create an ad with your terms. Buyers will find you. Just remember that, as the advertiser, you’ll be on the hook for the 1% trading fee. Alternatively, you can look through buyers’ ads to find someone to sell to.
Everything about the service is intuitive, and nothing is left to chance. LocalBitcoins also provides a helpful FAQ section that contains simple instructions, links to easy-to-follow guides, and even video tutorials. Things are laid out so well that you probably won’t need to use these resources. But they’re there if you need them.
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Localbitcoins (P2P Exchange) Support Number

LocalBitcoins doesn’t adhere to KYC protocols. That understandable since you’re not buying or selling bitcoins from the service. It’s just the middleman who matches you with trading partners, and provides an escrow account for transactions.
So, do you need a government-issued ID to trade on LocalBitcoins? It depends. A lot of sellers will require real-name verification before they’ll agree to sell to you online. The most common method of verification is a government-issued ID. Some sellers will accept a utility bill that has your name on it.
Why do sellers require this? To protect themselves from fraudulent payments. To be clear, you can refuse to verify your name. But you’ll severely limit the number of people who’ll be willing to sell to you online through LocalBitcoins.
Once you’ve created an account, look for advertisements posted by BTC sellers. There are thousands to choose from. You can filter ads according to which sellers accept U.S. dollars and which are located in the U.S. You can also filter ads by the type of payment accepted (cash by mail, Paypal, Moneygram, etc.).
When you find a promising seller, click the “Buy” button to the right of the ad’s Price/BTC. You’ll be taken to the seller’s ad, where you can view the details. You’ll see the seller’s location, feedback score, and the minimum and maximum trading limits. You’ll also see the terms of the trade.
Here’s an example of a current ad posted by a bitcoin seller:
Meeting preferences: McDonalds, Starbucks, or Panera
This advertisement is for a cash trade for bitcoin. We will meet at a McDonalds, Starbucks, or Panera (or another public area that we agree upon) to do the deal. Can meet most days, simply text me and we can set up a meeting.
LocalBitcoins uses a number of features to keep your money and your data safe. First up, it’s reputation feature. Every buyer and seller has a reputation score. This score results from the feedback left by others after each completed transaction. Use this feature to find traders who have a stellar track record. They’re unlikely to abscond with your money.
You can also enable two-factor authentication for your account. This is a system whereby you’re required to provide two things to prove your identity before you’re allowed to access your account. An example is an alphanumeric code that must be typed in using your phone. Two-factor authentication is a useful security measure.
When you buy and sell on LocalBitcoins, the bitcoins are placed into an escrow account. This is another layer of protection against scams and charlatans. As noted earlier, the bitcoins are locked down until the seller verifies that he or she has received payment from the buyer.
In the event you experience a problem with a trade, LocalBitcoins will help you to resolve it (see Customer Support Options below). Also, many questions can be answered by posing them to other customers on the LocalBitcoins forums.
Other forms of payment besides cash will not be accepted. Bitcoins will be transmitted instantly.”
If the terms are to your liking, type in the amount you’d like to purchase, and click the “Send Trade Request” button.
LocalBitcoins will transfer bitcoins from the seller’s wallet to an escrow account when a trade occurs. After you’ve paid for the bitcoins, click the “I have paid” button. As soon as the seller verifies receipt of your payment, LocalBitcoins will release your bitcoins from the escrow account and place them into your wallet.
Buying and selling BTC is free. However, users who place advertisements on LocalBitcoins are required to pay a 1% fee on each trade. So if you’re buying, you can avoid this fee by responding to sellers’ ads.
Transactions are instant, though it can take up to an hour to get everything squared away. That’s a conservative estimate. Transactions are often completed in minutes.
If you’re moving bitcoins between your LocalBitcoins wallet and another wallet, you’ll be charged a small transaction fee. The amount of the fee is continually adjusted to reflect network congestion.
If you want to buy bitcoins, all you have to do is look through sellers’ ads and find those that cater to your preferences. Want to meet the seller at your local McDonalds? No problem. Want to buy online using your Paypal account? Again, no problem.
If you want to sell bitcoins, all you have to do is create an ad with your terms. Buyers will find you. Just remember that, as the advertiser, you’ll be on the hook for the 1% trading fee. Alternatively, you can look through buyers’ ads to find someone to sell to.
Everything about the service is intuitive, and nothing is left to chance. LocalBitcoins also provides a helpful FAQ section that contains simple instructions, links to easy-to-follow guides, and even video tutorials. Things are laid out so well that you probably won’t need to use these resources. But they’re there if you need them.
submitted by mitigations to u/mitigations [link] [comments]

HOW TO BUY BITCOIN ON LOCALBITCOINS

HOW TO BUY BITCOIN ON LOCALBITCOINS
LocalBitcoins, one of the largest P2P bitcoin trading platforms in the world, was launched in the year 2012.
LocalBitcoins enable individuals to trade bitcoins online and it acts as a trusted hub for the bitcoin investors located in various countries where there are no local exchanges.

HOW TO BUY BITCOIN ON LOCALBITCOINS

Buy bitcoin on LocalBitcoins:
Firstly you need to access www.localbitcoins.com then follow the below steps

1. To Register an account

To create your account, you need to click on the “Sign up free” on the top right of the homepage.
There you will find the registration page, in which you have to provide a username, an email address, and password.
Think twice before setting the password, make sure it will not relate with your name, age, date of birth and any other personal information about you.
Once the form is finished, automatically you will receive a confirmation email. Click on the link in your email to confirm that the email address belongs to you.
After the confirmation of your email address, you will be asked to provide personal details, including your full name and phone number.
This step is more important to confirm your mobile number,because when there is a need to reset the details and password of yours in such case localbitcoins send the verify message to this mobile number only.
Enter that code to complete that you get in your mobile number for the account setup.
Now, you will be redirected to the trading dashboard, where you can start buying and selling bitcoin.
2. Payment Options
Localbitcoins supports a high number of payment options.Likewise it supports Prepaid debit cards, Cashier's checks, Credit cards, venmo, Google Wallet, Paypal, Moneygram, Xoom, Wire Transfers, Western Union, Postal orders

3. Buy bitcoin

Using any one of the above method you can buy Bitcoins from drop down menu on the localbitcoins.com
Next, you have to choose for a seller who is offering the amount of BTC. Buy it from sellers at a price at your comfort.
click on the “Buy” button, once you select the seller, After this step you will be taken on the offer’s trade page.
In this you will find a box where you can put your trade requirements and the exact amount
Once you insert the amount to buy, then you find the terms of trade. Carefully read on the terms of the trade.
If you are satisfied with the terms of the trade as outlined by the seller, you can click “Send trade request.”.
Next step, you have one hour to make the payment, at once after your payment is confirmed by the seller, then you will receive your purchased bitcoin in your LocalBitcoins wallet.
Until this stage the LocalBitcoins will hold the bitcoin in escrow. This kind of transaction reduces the chance of someone paying without receiving their bitcoin and vice versa.

4.Send your bitcoin to a secure wallet

Finally you received the bitcoins not but least you are now advised to transfer your purchase bitcoin to a personal bitcoin wallet to which you hold the private keys.
To access your LocalBitcoins wallet, you click “Wallet” on the dashboard and then “Send bitcoins.” There you can add the bitcoin address of your personal wallets to transfer your purchased BTC holdings to your wallet.
Ideally, you should be sending your bitcoin to a hardware wallet that stores your digital currency offline.
The above prescribed steps helps you to keep your bitcoins safe from the hackers.
submitted by ebaystealthacc to u/ebaystealthacc [link] [comments]

Best Platform for Bitcoin Converter with Paypal

Best Platform for Bitcoin Converter with Paypal
This is one of the best platform forbitcoin converterwith paypal account. This is world's best platform to convert bitcoin, transfer bitcoin, buy sell or exchange bitcoin with dollar or any currency. If you guys are having issues in exchanging cryptocurrency and finding out no best way to convert your bitcoin into dollars or fiat cash? this bitcoins xchanger has largest market capitalization and with the help of this site you can easily exchange your digital currency with full safety. You no need to worry about your bit coins or any other currency, because you can transfer your currency by using different payment methods likebitcoin to paypal, perfect money, moneygram or many more. Visit this site for more details.

https://preview.redd.it/5p5ile7hjmg41.jpg?width=626&format=pjpg&auto=webp&s=70adf5505fc8fb2420a68bc720354934b20f2622
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Sell bitcoin with moneygram global funds transfer exchange

Crypto currency exchange firm express trading center and marketplace sell bitcoin with moneygram global funds transfer btc to MG cash your business partner
submitted by farazkhanniazi to u/farazkhanniazi [link] [comments]

Safest ways to sell on LBC??

Hi all, I used to buy BTC on LBC back in 2017 before the historic bull run but haven't done any more trade since then. It's been quite a while and now I wanna get back in trading on LBC, except this time I would like to Sell instead. I'm looking for some suggestions of the best ways to sell BTC on LBC. Best means the safest, most anonymous way for me.
The one way I have been thinking of is using Moneygram payment. Since there's a Moneygram center right about 5 minutes from my house. I figure as soon as the buyer send proof of payment, I can just go there and receive the check, deposit to my bank (which is literally next door), go home and release bitcoin all in about 20-30 minutes time. I have never been on the receiving end of Moneygram, I don't know how it works. I guess they would need my ID, and payment info from the sender, and that's it? I plan to sell a few hundreds US dollars (I'm in the US) once a week over a few months to cover my expenses. Please let me know what you think. Is there anyway I could be scammed this way? Is there anyway anyone could track my trading?
Many thanks in advance!
submitted by TheNewGuy1991 to localbitcoins [link] [comments]

Exchange Bitcoin to Western Union 2018-19 bitcoin cashout turn bitcoin to cash legit How to Buy and Sell Bitcoin online with Paxful Buy Or Sell Bitcoin In Silicon Valley Thanks To LocalBitcoins How to buy bitcoins with moneygram, no id verification

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Exchange Bitcoin to Western Union 2018-19

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