Skip to main content

Tag: bitcoin

What is Bitvavo?

What is the meaning of Leave a comment

Bitvavo is a cryptocurrency exchange based in the Netherlands. It is probably the largest cryptocurrency exchange in the Netherlands but certainly one of the cheapest with the most options.

Since Bitvavo focuses mainly on the convenience for the users, it is also suitable for less experienced traders and novice traders. Many other crypto exchanges can be a bit intimidating with green and red charts and green and red lines, but Bitvavo keeps it simple and understandable for everyone.

You can buy your favourite cryptocurrencies with iDeal payment and keep it at your wallet on the site if you prefer. Of course you can also buy cryptocurrency for your own wallet.

A big advantage is that you can also exchange your cryptocurrencies to euros and have that transferred back to your bankaccount. This is an option you do not see very often on an exchange: on most of them you can buy with an iDeal payment, but getting it back in Fiat (euros) is a rare option.

Use the code (98589B5FAD) and trade the first 1000 euros without any fees.

https://bitvavo.com/?a=98589B5FAD

What is Satos?

What is the meaning of Leave a comment

Satos is a bitcoin marketplace

Satos is a platform where you can buy and sell Bitcoin (or Ethereum, Litecoin, Ripple and Bitcoin Cash) online. It is focussed on the Dutch and Belgium market, so you can pay directly with iDeal and Bancontact. Within minutes you have the bitcoin you ordered, and the have a nice support team to help you with every step that you need.

Take a look around and buy some Bitcoin at Satos

What is Marcopolobot?

What is the meaning of Leave a comment

Marcopolobot is a crypto funding bot

Marcopolobot enables you to generate interest on your Bitcoin, Ethereum and other cryptocurrencies by automating the lending process on the Poloniex and Bitfinex exchange.

On exchanges like Poloniex and Bitfinex you can earn interest by lending to margin traders. Margin traders are people who speculate with borrowed funds so they can increase their exposure. They need people to provide them loans and as such, there is a market for loans.

We place loan offers for your account on the exchange. By activating our service, your funds will be automatically loaned out in return for interest. By disabling trading and withdrawal access on the API, we can only place loan orders for your account. We (or hackers) therefore don’t have the option to withdraw or trade funds from your account.

You could also do it yourself, however it is very time consuming; you would need to check on a very regular basis whether loans have returned so you can replace them again. Also, you would need to determine the interest rate for the loans. If the interest rate goes up after you’ve loaned out your funds, you could have potentially made more. We use an algorithm based on statistical analysis and current order book data to determine optimal interest rates.

Borrowers don’t have the option to not repay the loan. The systems on Poloniex and Bitfinex enforce this. Margin traders cannot withdraw borrowed funds from the exchange. By engaging in margin trading they essentially create a ‘contract’ where they are exposed to the price fluctuations. The loan never takes longer than the approved upon time. Margin traders can return the loan before the end of the loan.

You can now start a free trial for 14 days with MarcoPoloBot

https://www.youtube.com/watch?v=0lapzMfA9BU

You can now start a free trial for 14 days with MarcoPoloBot

What is a TREZOR

What is the meaning of Leave a comment

TREZOR is a hardware wallet

TREZOR is a hardware wallet providing advanced security for handling bitcoin private keys.
Unlike traditional cold storage methods (offline storage or paper wallet), TREZOR is able to make secure payments without exposing your private keys to a potentially compromised computer.

TREZOR is basically a small computer. It is designed to protect your private keys from possible online and offline risks. In order to do this, TREZOR keeps the private keys away from the Internet and confirms the transactions in-device. That way you can always check the screen for the right address, amount and transaction fee before sending your bitcoins.
In layman’s terms you can connect TREZOR to an infected computer and still be able to have 100% control over the funds in your device.

What is cryptocurrency?

What is the meaning of Leave a comment

A cryptocurrency (or crypto currency) is a digital asset

Cryptocurrency is designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency

Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoins blockchain transaction database in the role of a distributed ledger.

Source: Wikipedia

Read More

What is cloud-mining?

What is the meaning of Leave a comment

Cloud Mining is the process of bitcoin mining utilizing a remote datacenter with shared processing power

This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. Since Cloud Mining is provided as a service there is generally some cost and this can result in lower returns for the miner. There are many cloud mining scams.

Source: Wikipedia

Read More