Bitcoin: A Global Insight into Its Growth

If you are buzzed off with all the hype going around in the name of Bitcoin, which does not ring a bell to you, well, it’s high time to update the knowledge-scape about Bitcoin, the big buzz of the era, and cryptocurrencies, the next-gen currency system. Bitcoin is nothing but a set of programming codes designed by a developer under the pseudonym of Satoshi Nakamoto in 2009. Bitcoin is a digital currency with no physical existence, and any government or central authority does not govern it. Every new official trading platform is mined by solving extremely difficult programming puzzle works, which is done through advanced computers.

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Bitcoin and Blockchain Technology

Blockchain technology is designed based on a chain of data blocks that are immutable. This ledger holds a comprehensive database of each transaction in Bitcoin, which has been made since its introduction in the cryptocurrency world.

The inherent characteristic feature is that this ledger is decentralized and immutable. Since it is a peer-to-peer network and is a public ledger, there are different modes of operation from which participating members of the Bitcoin community record every transaction, mining and feeding it to blocks.

However, even though it’s publicly accessible, once data is recorded, it cannot be changed or tampered with. Every participant at every node across the network is vital in validating every transaction, such as fund transfers, trades, mining, etc. However, no transaction can disappear, despite which many hackers have successfully anonymously stolen digital currencies. Therefore, crypto exchanges are nowadays more stringent with their security policies and measures.

Fast Processing of Bitcoin

Traditional transfers of funds operated through central authorities like banks need to go through a lengthy verification process. Therefore, they take time. However, Bitcoin, in comparison, is much faster. Since every crypto transaction in a blockchain is immutable and cuts off the need for a middleman to process it, the entire process of transactions and transfer of funds is easier, faster, and more convenient.

Bitcoin Acceptance

It is quite an obvious fact that it is difficult to accept when you are not accustomed to or known to a service or system. After the launch of the first cryptocurrency, that is Bitcoin, and it took a bit of time to kick start, to get the market ready to accept this new digital currency. Over mere 13 years, Bitcoin has made huge achievements with e-commerce and even physical stores, restaurants, and salons, accepting cryptocurrencies against their services.

Things To Keep In Mind When Converting Bitcoins To Cash

There are a lot of big brands which has changed the game for Bitcoins by accepting Bitcoin as payment for their services as well as by investing in Bitcoins. Microsoft, Overstock, Amazon, and PayPal are worth mentioning who played a vital role in lifting the market value cap for Bitcoins with their vital business decision of investing and accepting Bitcoins.

It is not false that there have been setbacks for Bitcoin too. For example, at the beginning of 2021, Tesla, the automobile manufacturing brand, announced to accept Bitcoins for their new range of Tesla cars. However, soon around mid of a year, Elon Musk, the owner of Tesla, declined his plans to accept and invest in Bitcoins, which led to a great price drop of Bitcoins in August 2021. Another instance is the governmental ban imposed by China on cryptocurrency investments and transactions throughout the country which also impacted the growth rate of Bitcoins.

However, potential good media reports were also highlighted in the recent past, like the Ukrainian government spending $15 million of donated cryptocurrency on different needs and supplies for the military. Besides, small-scale and mid-scale businesses are prominently taking a progressive step in accepting cryptocurrencies for services.

Approximately 40% of military equipment suppliers, food packages, food chains, protective gear, and other military equipment accept cryptocurrency throughout Europe and the US. Cryptocurrency platforms are also exhibiting potential growth of investors in crypto trading. According to a recent survey report, the global share and size of the digital currency market are projecting a growth trajectory of $1.44 billion in 2020 to an estimated rise of $2.73 billion in 2025.

Wrapping it up !!!

Here we have highlighted all the key developments in the crypto world. You should always refer to all such developments when planning investment in the crypto market.

10 Trending Crypto Exchanges in 2022

Trends are born every few days in the world of cryptocurrency. Some crypto coins fall in price, some become more expensive. But in all of this fuss, it is vital to stick to the plan you have created and use reliable tools to make your financial operations.

On the one hand, some trends can be your friends rather than enemies. On the other hand, every popular method or tool should be viewed critically and analyzed. Still, the fashion for proven exchanges is good since it lets you choose a reliable tool in a minute and never regret using it.

The crazy popularity of exchanges like Coinbase, Kraken, and Binance makes the crypto world go round with thousands of transactions taking place every minute. So, this short read will enlist a few of the top exchanges for the end of 2021 to know which platforms you can confidently rely on.

First, we will describe 10 platforms on our top list. Let’s get started!

10 Trending Crypto Exchanges

1. Binance

This global crypto exchange is a leading service among low-fee platforms making crypto available for everyone. Its great plus for beginners is the intuitive interface and structure, allowing quick and efficient exchange with under 10,000 USD cost.

Binance can boast a choice of crypto coins. Its number in the domestic version exceeds 50 and is still growing. It seems like everything you can dream of in a crypto exchange is found on Binance. The only minus is that many US states currently do not allow their citizens to hold accounts on Binance.

2. Kraken

‘Low fees’ is the first thing that comes to mind of every Kraken enthusiast. And really, the maker fee at this service is very low and equals 0,16-0,26 % depending on the transaction. This makes the exchange a perfect choice for anyone buying crypto for individual use or business and orienting on bulk purchase.

This is also one of the first exchanges ever created in the history of cryptocurrency. It is super protected, has excellent cybersecurity safety records, and offers endless features for advanced users.

3. LetsExchange

This exchange is younger and, at first, may seem an unpretentious place. Until you find out it trades over 200 coins, calculates your profits, and never puts a limit on an exchange.

Starting level traders will appreciate the informative blog where relevant tips are regularly uploaded. For example, you can learn about the cryptocurrency list price or find out new trading strategies. Besides, a chart tool shows you the changes in the price of different crypto coins for the last 24 hours and the average profit received in this timeframe.

Plus, if you want to find the newest crypto coins and make, for example, XMR to PIVX exchange, this place will let it happen.

Other famous and reliable exchanges include:

4. com

Crypto.com exchange is also famous for a broad range of cryptocurrencies. Over 100 of them are available for trading, and it gives generous additional perks. In addition, the tool makes exchanges a funny game that you never want to quit!

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5. Gemini

The service resembles Coinbase in its ease of use and functionality. It is perfect for beginners, with low convenience fees and plenty of opportunities to trade different sums.

6. io

With fees a bit higher than on Kraken and a more complicated trading procedure, this tool is still valuable because of the abundance of new Altcoins that you can exchange here with no limits.

7. coin

This less famous tool allows you to buy all types of coins at a relatively low fee of 0,1%. Its special perk includes having 20% off the fee if you pay with Ku coin’s KCS stable coins.

8. Coinbase Exchange

The place remains the largest US-founded exchange with the most attractive features but higher than average fees.

9. Bitfinex

Finally, there is an advanced tool for those in trading for a long time with the option of margin trading and lending.

10. Luno

Luno is primarily attractive for its easy use, accessibility of all kinds of coins, and perks such as free crypto for inviting friends. Here you can trade on the run.

Conclusion

Many of these platforms remain the gold standard to other services. As a result, using them will increase the odds of successful and secure trades. But don’t rely just on exchanges – count on your strategy and knowledge of the market.

6 Simple Ways to Earn More Bitcoins

Buying the Bitcoin may not be a viable option for many investors. In such a situation, there are some alternatives to earning the Bitcoin besides buying it. And the good news is that for most of these alternative means, you actually have to do practically nothing to start earning the crypto coins. Below is a list of the simple ways one can earn the Bitcoin:

  1. To begin with, you can start earning the Bitcoin when you have an account in a cryptocurrency exchange. The best crypto exchanges where you can buy BTC are KuCoin, Binance, and CoinMama etc. This is almost similar to people keeping their funds in bank accounts and getting interests on deposits. Here, you can simply lend out your Bitcoins in exchange for other crypto coins or get Bitcoins in exchange of traditional fiat currencies like the USD or GBP. When you can transfer Bitcoins to a financial service provider, it is possible to earn interest over time.
  2. You can enjoy cashback in BTC when you shop for something online. For instance, eBay offers buyers a cash-back offer for purchasing from hundreds of sites; they have tie-ups with almost all big retailers. When you install the Chrome Extension and make an account, eBay notifies you when there are discounts on any retailer website. All you have to do is click on this to get your discounts and after each quarter eBay gives you a check. Another popular site offering similar advantages if Lolli which will give you cash back in Bitcoin when you buy from websites like Macy’s or Sephora.
  3. You can accept payments in Bitcoin for services you render. There are many people who are now accepting Bitcoin as salaries for their work. For freelancers like musicians, artists, and writer, this can be a viable option. Examples are Bit wage, Angel’s List, Jobs4Bitcoin, Crypto Jobs, and Crypto Grind etc.
  4. You could also earn Bitcoin through mining. You will need specialized computers capable of solving complex mathematical puzzles to earn rewards. For operating a mining rig on your own, you are going to need dedicated mining hardware, mining software, a wallet etc. Solo mining will not yield profits as desired, and joining a mining pool may give you higher payouts.
  5. Earning Bitcoin is possible through trading and this is by far the simplest way to earn more Bitcoins. You will find multiple trading strategies to trade Bitcoins and traders typically have their own preferred methods for trading. One way is using automated bitcoin trading software applications. The most commonly used method is leverage trading where traders borrow money for bolstering trading, and these are called crypto loans. Copy trading strategies can help you to make a mark in the crypto market with relative ease.
  6. You can also earn more Bitcoins with affiliate marketing; this is the most popular method for news websites, bloggers and social media influencers to make more money. For this companies will give you promotional codes and unique URLs that you must send out to your respective audiences. If anyone clicks on these links and thereafter makes a buy, you get a reward.