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What is Satos?

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?

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

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

What is a TREZOR

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 a Ledger?

Ledger Nano is a Bitcoin wallet on a smartcard device, small format and low weight. Comfortable and simple to use, you connect it directly to a USB port to manage your account, protect your bitcoins and make safe payments

When you own bitcoins, storing and protecting them is your own responsibility. The Ledger Nano is accessible to all, and secured thanks to highest banking industry standards. Your account can be backed up and restored if your Nano is lost or stolen. You can use your Ledger Nano on any computer, PC, Mac or Linux. Anybody can install and use it without technical skills.

Hardware wallets are probably the most robust form of security you can have for your Bitcoins or any other cryptocurrency. They allow you to send and receive Bitcoins on any computer, even one that is compromised with malware, with the knowledge that your transaction will still go through as intended.

The way the hardware wallets achieve maximum security is by storing your private key and signing your Bitcoin transactions offline so someone trying to hack your wallet remotely won’t be able to do so. Most hardware wallets also use a second screen/device to verify actions on your wallet such as signing transaction. This way, if a hacker gains control over your computer, he still can’t do any harm since he requires access to the physical device connected to your computer as well.

Ledger Wallet protects your bitcoins

What is cryptocurrency?

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

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What is cloud-mining?

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

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