Binance unveils debit card to pay with Bitcoin - Decrypt

Goodbye, Coinbase. Hello APPC: An alternative method to purchase cryptocurrency directly from the Android "Aptoide" app store. 200 million Android users will be holding cryptocurrency by the end of this year.

I recently stumbled upon the "APPC", or "AppCoins" token on Binance while browsing new coin listings.
Like any half-decent cryptocurrency enthusiast, I was intrigued. "Aha! A new coin!"
I took a deep breath and prepared to take a deep dive into the bowels of the internet to figure out what APPC is all about. And by deep dive I mean I googled "AppCoins" and went to their website.
"Oh, they're trying to make a new app store. Good luck competing with Google Play and the iOS App Store!"
Given Google and Apple's combined gigantic market share of the space, I was inclined to move on to the next lucky contestant on the Wheel O' Coins. But on a whim I kept scrolling.
I thought "Wait, what? 200 million users? Over 4 billion downloads? What am I missing here?"
Apparently AppCoins isn't a token from a new startup - it's the token from Aptoide, the #1 ranked alternative to the Google Play store.
From the developer's side, the token is used as an incentive for users to download their apps. The end user is rewarded with tokens based on a unique system that determines if the user is actually trying out the app. The tokens are also used for in-app purchases. They can also be sent to and from one another.
But enough about the token value proposition. You can research it in depth yourself and buy some on Binance if you're so inclined. Whether or not you buy the coin for speculation purposes is not the purpose of this post.
So...what does this have to do with Coinbase?
Well, let's first take a quick look at the AppCoins roadmap:
By the end of this year over 200 million Aptoide users will have the ability to purchase, earn, and use AppCoins from right within the app.
To give some perspective, Coinbase has 13.3 million users as of October 26, 2017 according to an article from CNBC.
Aptoide has over 15 times the number of active users compared to Coinbase.
OK, you have my attention. Starting to sound like a shill post though. Get to the beef.
Buying cryptocurrency through Coinbase is expensive. Users are nickle-and-dimed at every opportunity:
Let's say you're not interested in buying Bitcoin, Bitcoin Cash, Ethereum, or Litecoin.
Instead you want to convert your hard-earned $2,000 US dollars into something else like Ripple. Here's how it plays out:
Your initial deposit: $2,000 Deposit fee: $0 (ACH to receive funds in 3-5 days) through $79.80 for debit/credit card fees
Now you have $1,920.20 - $2,000 in your Coinbase USD wallet
You decide to purchase ETH with the intention of transferring it to an exchange that sells Ripple:
ETH buy order: $1,920.20 - $2,000 Transaction fee: $29.80 for ACH. Fee included in credit/debit deposit (so $79.80).
Total purchase fees from deposit to ETH acquisition: $29.80 to 79.80
EDIT: Adjusted the fee rate schedule to make them accurate. Do these fees still seem reasonable to you, even after the decrease in fees? Search Reddit for complaints about Coinbase fees and see what you find. And if you're unconcerned about the deposit transaction price, how about the speed of transaction to fee rate ratio? If we want cryptocurrency to be widely adopted then it should be friction-less.
Come on. Everyone knows that Coinbase is expensive. That's why I deposit my fiat into GDAX to buy crypto. The fees are significantly lower. Quit wasting my time.
Well, that's partially true. Anyone worth their weight in SHA256 hashes knows that GDAX is dramatically cheaper than Coinbase for depositing and purchasing BTC, BCH, LTC, and ETH.
The part that isn't true is that everyone knows that GDAX is cheaper. A more accurate statement is "every cryptocurrency enthusiast/trader knows that GDAX is cheaper". Coinbase does not advertise that GDAX has cheaper fees. There is no GDAX app for a reason - it would heavily cut into Coinbase's bottom line.
Your average crypto newbie buys their first coins through Coinbase because, let's face it, they have an app. Buying crypto on an app is something that your average person can comprehend. Apps are easy to use, trustworthy, and nearly everyone can do it regardless of their age and technical skill level.
Right, apps are easy to use. What a novel thought. You should tour the world giving Ted Talks about how easy apps are to use. Now could you PLEASE get to the point.
OK! I apologize for droning on. I'll cut right to the chase:
Instead of jumping through all the aforementioned hoops with Coinbase, you buy AppCoins from the Aptoide app store and send them directly to your favorite exchange. Then trade the AppCoins for the cryptocurrency of your choice. In theory it should be a faster and more cost-effective way to purchase cryptocurrency.
Hmmmm. OK, I'm starting to understand where you're going with this. But I'm still going to use GDAX. I'd rather buy ETH from GDAX.
Hey, to each their own. I'd rather buy coins in 30 seconds with a couple of taps on my phone and send them right to Binance.
Oh come on. Now you're just shilling. Your whole rant was just a ploy to shill this coin. I'm going to another thread.
Honestly, no. I didn't write this to shill. I guess I'm just tired of Coinbase. And I bet there are others that are less than pleased with their business model and customer service. Remember when they didn't distribute all that Bitcoin Cash?
Ugh, yes. Don't remind me about that.
Sorry! Didn't mean to upset you. I know its a sore subject.
If you read this far then congratulations, you have more patience than your average cryptocurrency trader. May your candles always be green.
Some interesting facts:
Needless to say, I think that Aptoide and AppCoins is a project to be excited about regardless of whether you're a cryptocurrency trader or completely uninvolved with the cryptocurrency space. Cryptocurrency is going mainstream this year!
To avoid confusion since Coinmarketcap has APPC listed incorrectly, here is the current accurate financial information. People are going to ask anyway so I would rather supply the correct information:
Circulating supply= 98M APPC Total supply= 246M APPC Coin Price = $2.53 ICO Price = $0.10 Market Cap (CS x P) = $247,940,000 Days on Exchange (Binance) = 7
Thank you for reading!
EDIT: Spelling
submitted by Deliverah to CryptoCurrency [link] [comments]

Groestlcoin September 2019 Development Release/Update!

For a more interactive view of changes, click here
In our current world; bordering on financial chaos, with tariff wars, Brexit and hyperinflation rife, you can count on Groestlcoin to consistently produce innovation that strikes to take the power away from the few and into the many, even after a full five and a half years of solid development.
Here is what the team has already announced in the last 3 months since the last development update:

What's Being Released Today?

Groestl Nodes

What am I?

Groestl Nodes aims to map out and compare the status of the Groestlcoin mainnet and testnet networks. Even though these networks share the same protocol, there is currently no way to directly compare these coins in a single location. These statistics are essential to evaluate the relative health of both networks.

Features

Source - Website

Groestlcoin Transaction Tool

What am I?

This is a tool for creating unsigned raw Groestlcoin transactions and also to verify existing transactions by entering in the transaction hex and converting this to a human-readable format to verify that a transaction is correct before it is signed.

Features

SourceDownload

Groestlcoin AGCore

What am I?

AGCore is an Android app designed to make it easier to run a Groestlcoin Core node on always-on Android appliances such as set-top boxes, Android TVs and repurposed tablets/phones. If you are a non-technical user of Groestlcoin and want an Android app that makes it easy to run a Groestlcoin Core node by acting as a wrapper, then AG Core is the right choice for you.

What's Changed?

Source - Download

Groestlcoin Electrum

What's Changed?

Android Electrum-Specific

OSXWindowsWindows StandaloneWindows PortableLinux - Android
Server SourceServer Installer SourceClient SourceIcon SourceLocale Source

Android Wallet – Including Android Wallet Testnet

What am I?

Android Wallet is a BIP-0032 compatible hierarchial deterministic Groestlcoin Wallet, allowing you to send and receive Groestlcoin via QR codes and URI links.

V7.11.1 Changes

Groestlcoin Java Library SourceSource - DownloadTestnet Download

Groestlwallet

What am I?

Groestlwallet is designed to protect you from malware, browser security holes, even physical theft. With AES hardware encryption, app sandboxing, keychain and code signatures, groestlwallet represents a significant security advance over web and desktop wallets, and other mobile platforms.
Simplicity is groestlwallet's core design principle. Because groestlwallet is "deterministic", your balance and entire transaction history can be restored from just your recovery phrase.

iOS 0.7.3 Changes

Android v89 Changes

iOS SourceAndroid Source - Android DownloadiOS Download

Groestlcoinomi Released

What am I?

Groestlcoinomi is a lightweight thin-client Groestlcoin wallet based on a client-server protocol.

Groestlcoinomi v1.1 Desktop Changes

Groestlcoinomi Android v1.6 Changes

Groestlcoin Java Library SourceAndroid Source
Android DownloadWindows DownloadMac OS DownloadLinux Download

Groestlcoin BIP39 Tool

What's Changed?

Source - Download
submitted by Yokomoko_Saleen to groestlcoin [link] [comments]

Binance Jersey: Everything You Need To Know

Sign-up for Binance Jersey Fiat Exchange
At this time, the digital currency exchange market is filled with a wide variety of choices, therefore choosing the right exchange or trading platform can be quite a headache for both novice and veteran cryptocurrency users.
Binance is a popular cryptocurrency exchange which was started in China but recently moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. While the company is still fairly new on the market ( it launched last year ), it has managed to gain a lot of popularity thanks to its impressive number of Initial Coin Offering listings, professional attitude and friendly CEO and also due to its low trading fees.
Binance Website
In our review, we will attempt to outline everything that you must know about Binance, including how it works, the crypto pairs that you can exchange, trading fees/limits, security aspects, and customer support.
Visit Binance »
How the Exchange Works Contents [Show]
Those who visit Binance for the first time will quickly notice that the platform offers two options for digital currency trading- basic and advanced. Neither the basic, nor the advanced versions are bound to be easy to use for complete beginners. However, anyone with a background in digital currencies and with a bit of knowledge into how exchanges work should be able to use the platform and its different services.
The main difference between the basic and the advanced version is that the advanced one offers more-in-depth technical analysis of digital currency value over time. At this time, the dashboard for the basic version offers several graphs and charts for the pairs that you’re trading, order books, and trade history.
3Commas This is what the basic view looks like :
Binance Trading View
The Basic view is nicely designed and well laid out, all the information you need is clearly presented with prices on the left, graphs in the center along with the buy and sell boxes and the trade history is presented on the right so you can quickly see what the latest trade prices were.
And this is what the advanced view looks like:
Advanced View
The advanced view uses a dark theme and makes the trading charts larger and the latest trade prices are displayed on the right with the buy sell boxes underneath.
Which you choose is a matter of preference really, I like the lighter colored basic view and find the layout a little easier to use.
Binance Signup & Login To use the exchange, users will first have to create an account. The process behind this is fairly simple and straight-forward and you don’t have to verify your account for level 1 which is a 2BTC daily withdrawal limit. For level 2 which allows up to 100BTC per day, you need to upload a photo ID and wait till you are approved. There are higher limits still, but you will need to contact them directly to arrange that.
Time for verification can vary depending on how busy the site support staff are, so make sure to plan ahead if you wish to withdraw larger amounts and make sure this step is complete before depositing and trading large sums on the exchange.
ID Verification
Now, that this is out of the way, users can go ahead and fund their Binance account. While you can choose from a multitude of digital currencies, it is recommended that you stick with either BTC or ETH.
To fund your account visit the “Funds” > “Deposits / Withdrawals” link at the top of the site and find the currency you wish to send, then click the “Deposit” button next to it which will then you give you the wallet address. You can then send your funds to this address to begin trading on the platform, depending on which currency you deposit it will take different times to show up as this is reliant on that currencies blockchain. Some currencies like Ethereum are faster than Bitcoin which can take a while.
Binance Wallets
Now that your account is funded, you can simply start trading, exchanging and investing in various digital currency pairs. Binance offers plenty of choices, as they support all major digital currencies, but also numerous ICO listings and their respective tokens.
At this time, the platform can only be used to generate limit and market orders. This has been considered a disadvantage by some, as many expected trading options that would be more advanced. Following the placement of your order, simply wait for it to be fulfilled according to the terms that have been set.
How to Trade on Binance Trading on Binance is fairly straight-forward if you have used any other cryptocurrency exchange before. To get started, make sure you have deposited some funds – there are options for trading pairs in BTC, ETH, BNB and USDT. Once you have your funds, at the top right menu, select “Exchange” > “Basic” or “Advanced” to load the trading screen. We will be using the Basic view.
Binance Trading View
On the right hand side, of the screen select a tab from BTC, ETH, BNB or USDT this is what you will be trading in. Then choose your desired currency from the list. You can also search here and you can create a favorites list by clicking the star next to any currencies.
Choose currency to buy
Once your desired currency has loaded, take note of the left-hand column which shows prices that people are willing to sell at in the top half in red and prices people are willing to buy at in green in the bottom half. The number in the middle shows the last sale price.
Buy and Sell Prices
Now to place a buy order, use the center box underneath the graphs and you will see the buy box is in green on the right. You can manually enter a price you wish to purchase at, but a better way is to click a number on the left-hand column. You can then enter the amount of the currency you wish to buy or click the 25%, 50%, 75% or 100% buttons which will fill it with an amount based on how much of the buying currency you have ( in this case BTC ).
Buy Order
Once your order is placed it will be show underneath in the “Open Orders” section until it is filled. At that point your new currency will be available under the “Deposits / Withdrawals” menu where you can withdraw it to the wallet of your choice.
Supported Crypto Currencies Binance has often been praised for its wide variety of support coins. Traders can use the platform for multiple digital currencies, including, but not limited to Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, LiteCoin, NEO, GAS, Zcash, Dash, Ripple and more. As mentioned before, Binance also supports numerous tokens, as part of ICO listings. With this in mind, traders can use the platform to trade these tokens for a profit as well.
Binance is currently very quick to add new coins and tokens after their ICO which usually means you can purchase them cheaply which allows for greater profit down the road.
They currently offer trading pairs in BTC, BNB, ETH and USDT.
Binance Markets
Binance ICO & BNB Coin Another thing to note is the Binance Coin, which was issued during their own ICO. The Binance coin can be used to pay fees and it will also feature in their future plans to create a Decentralized Exchange where it will form one of the key base currencies. Purchasing the Binance coin itself looks like a good investment for the future as the exchange plans to use their profits to buy back a portion of the coins every quarter and destroy them: hence decreasing the supply and making them more valuable for holders.
Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.
Binance BNB Coin
If you’d like to read more about the BNB Coin, check out our indepth guide.
Binance Fees & Limits At the time of writing, Binance charges an average fee of 0.1% on each trade that a user makes. Those who choose to pay via the Binance token can get a 50% discount on the trading fee, which is absolutely great news. These are surely some of the lowest fees available at this time.
Withdrawal fees tend to vary for each digital currency. For instance, 0.0005 is charged for Bitcoin withdrawals, and 0.005 is charged for ETH withdrawals. Here are some examples to give you an idea of the fees you will be paying for withdrawals:
COIN CODE Fee Unit Binance Coin BNB 1 BNB Bitcoin BTC 0.001 BTC Ethereum ETH 0.01 ETH Litcoin LTC 0.01 LTC Neo NEO Free NEO Qtum QTUM 0.01 QTUM Status SNT 10 SNT Bancor BNT 1.2 BNT Eos EOS 0.7 EOS Bitcoin Cash BCC 0.0005 BCC Gas GAS Free GAS USDT USDT 50 USDT When it comes down to transfer limits, there is no limit on the number of coins that you can deposit. However, without getting verified, users are limited in terms of how much they can withdraw. Verification will establish you as a level two users, thus lifting these limits and providing a lot more freedom when using the platform. The verification process requires users to provide Binance with their full name, country, gender, a photo of passport/government-issued ID, and even a selfie with the passport.
Binance Competitions A unique feature of Binance you will notice is that they regularly hold competitions with some amazing prizes. Some examples of competitions in the past include Waves and Tron. The waves competition gave away 20,000 Waves to Traders based on how many trades they have made of this currency.
The other competition for Tron (TRX) gave participants the chance to win a Maserati car, Mercedes Benz car, a Macbook Pro or a iPhone X. Again, the winners were the people with the highest trading volume of this currency.
The current rankings show that the person in first place had over 358 BTC volume in trades so you will need to be a whale to be in with a chance of winning first prize. There are other regular competitions though, so keep an eye on the site for your chance to enter.
Is Binance Safe? While Binance is one of the newest cryptocurrency exchanges available on the market, it has quickly managed to attain a high level of trust from its users and the digital currency community. However, the exchange fails to provide users with enough information on how the funds are being secured, yet we like to believe that security is taken seriously. Two-factor authentication is available and is always a nice sight. It is however known that the platform offers a multi-tier and multi-tier system architecture.
Update: In March 2018 Binance suffered a hacking attempt.
The hackers tried to pull off an audacious move which was luckily caught by the automated systems in place at the exchange. For months the hackers had been accumulating people’s logins via a phishing website and secretly installing API access on the affected accounts. They then struck, converting all the victims altcoins to BTC and purchasing Viacoin, pumping the coin to a huge price and then selling their own supply of Viacoin at the high point, before trying to withdraw the BTC to their own wallets. Luckily no one lost funds as the hack was caught and the only people to lose out were the hackers, whose funds will be donated to charity.
As this hack was made possible by people entering their site logins and 2FA details into a fake website, you should always make sure you are on the correct Binance url before logging in. We recommend you bookmark the site and only use that to access it, never click links from emails, Twitter, Telegram etc.
This event has done a lot to instill confidence around Binance, not only did their automated processes catch the attempted hack before anyone lost any funds, they have since offered a $250,000 bounty to anyone who can help catch the hackers. Throughout this event, Binance acted exemplary and have been praised for their swift action in resolving this.
Binance Customer Support For an exchange to be successful, it requires a great customer support team, capable of answering all user questions and requests in a timely manner. While the support area on Binance could use a little work, the team is responsive and capable of offering professional aid to traders in need. Support tickets are submitted via an online form featured on the website, and responses are made via email. There is currently no live chat support, nor a phone number where customers can get in touch with the support team.
Binance Customer Support
Other than the CS team, Binance offers a couple of FAQs and articles meant to help users get accustomed to the exchange and the way it works.
Binance FAQs
It should be noted that customer support on Binance has been known to be slow to respond to customer requests. This is a familiar phenomenon with most of large exchanges and is due simply to the volume of users and amount of support staff. The exchanges have grown at an explosive rate this past year and the companies simply haven’t been able to keep up with demand. Binance grew fast especially, going from launch to the largest exchange on the planet in a few short months. Support staff for exchanges have to be carefully vetted and trained due to the technicalities and security requirements involved – unlike other traditional companies where staff can be trained quicker.
Some things to bare in mind are double-checking wallet addresses, make sure you are sending the correct cryptocurrency to it’s corresponding address on the site. Mixups with wallets are one of the biggest mistakes people make when using exchanges. Other things to note are, try a smaller test payment first if you plan to transfer large sums – it may cost you a little more in fees but will be worth it for peace of mind.
If you do need to contact support, make sure you provide them with enough information to be able to help you first time. Include wallet addresses, times of transactions and any other information you think they might need to help speed up the process.
The Move to Malta In March 2018, Japanese Newspaper Nikkei reported that Binance was trading in Japan and not following their official regulations. This caused some turbulence in the markets until Binance made an official announcement that they were going to be moving operations to the crypto-friendly island of Malta in Europe, stating :
After reviewing several different locations, the company decided to invest in the European nation due to its existing pro-blockchain legislation and the stability that it offers financial technology companies through its regulatory framework.
This is good news for the company and they even received a warm welcome from the Prime Minister of Malta on Twitter. Binance also announced that they were in talks with Maltese banks with the goal of providing Fiat transactions, meaning they can offer an on-ramp for fiat to crypto transactions in future along with fiat trading pairs on the exchange.
More good news for Binance, it seems as their profile and reputation within the industry continues to grow.
Launching a Decentralized Exchange More recent news for Binance and what seems like good news BNB holders is the fact that they are planning to launch their own Decentralized Exchange ( DEX ):
“After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence.”
The BNB digital asset, now an ERC-20 token, will migrate as the native token of that network and be used for paying the trading fees on the new exchange.
Launching a Decentralized Stock Exchange More good news recently for Binance is that they are partnering with Neufund to build the world’s first Decentralized Stock Exchange. Alongside the Malta Stock Exchange, they are aiming to create a regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets.
According to CapLinked, the market cap of equity tokens alone is projected to reach $1 trillion by 2020 and thanks to the partnership with MSX, a subsidiary of the Malta Stock Exchange and Binance, Neufund will become the first end-to-end primary issuance platform for security tokens, in particular, equity tokens. It will secure ways for secondary trading of equity tokens and enable companies around the world to fundraise on Blockchain in a legal way while offering much-needed liquidity.
This is more positive news for Binance as they aim to consolidate their position as the world’s number one Crypto Exchange.
Binance Jersey Launch – Now Supports Fiat to Crypto As of 16th January 2019, Binance has announced the launch of a new Fiat to Crypto exchange named “Binance Jersey“. The trading platform is live and active and allows you to trade in fiat currencies such as euros and pound sterling, with Europe being their target market.
We have now carried out a full review of Binance Jersey, so take a look for more indepth details about the new platform.
Binance Jersey
Visit Binance Jersey »
At the time of writing they are only offering four trading pairs with more to follow soon:
BTC / EUR BTC / GBP ETH / EUR ETH / GBP Supported Jurisdictions: Argentina Eswatini (formerly Swaziland) Latvia Romania Armenia Finland Liechtenstein Singapore Australia France Lithuania Slovakia Austria Germany Luxembourg Slovenia Azerbaijan Gibraltar Macau South Africa Belgium Greece Malta South Korea Brazil Hong Kong Mauritius Spain Bulgaria Hungary Mexico Sweden Canada Iceland Monaco Switzerland Chile Ireland Netherlands Turkey Croatia Israel New Zealand United Arab Emirates (UAE) Cyprus Italy Norway United Kingdom (UK) Czech Republic Jamaica Peru Uruguay Denmark Japan Poland Estonia Jersey Portugal Customers who wish to trade in the support fiat currencies will need to carry our KYC procedures by uploading their ID documents such as passport and driving license.
Wei Zhou, Binance’s CFO released this statement about the launch :
“Expanding the cryptocurrency exchange markets with fiat currencies in the European region is opening new economic opportunities for Europeans as well as freedom from looming Brexit uncertainty where the pound and euro are also in concern. Through Binance Jersey, we want to help bridge the crypto-fiat channel for Europe and the U.K. as part of our global expansion to support broader cryptocurrency adoption”.
If you are familiar with trading on Binance, then you will feel at home on their new exchange – it uses the same engine and the trading screen is laid out in the same fashion with the option to choose between Basic and Advanced views:
Binance Jersey Trading Screen
To fund your account in fiat, you will first need to complete the KYC process, once that is done you can then deposit funds directly from your bank account by linking it from the Deposits screen. You can also fund your account with BTC or Ethereum. Once you have your account setup and bank account linked, you can also withdraw funds in fiat currency – this is great news as Binance is now able to offer a way for investors to cash out their cryptocurrencies.
We have upgraded our review scores below and we feel this is a huge improvement to Binance’s Exchange offering, if they manage to roll this out to even more countries ( USA is currently excluded) it could be a game changer as people now have an extra, regulated fiat on and off ramp for their holdings.
Buying Bitcoin with Australian Dollars On March 20, 2019, Binance announced the launch of Binance Lite Australia, the continent’s first fiat gateway to the world of cryptocurrencies which provides a secure, reliable, and easy to use way to buy Bitcoin with cash in Australia.
The cash-to-Bitcoin brokerage service operates via a network of over 1,000 newsagents across Australia, and currently allows anyone to buy Bitcoin using Australian Dollars (AUD), and there are plans to include additional digital currencies and fiat purchasing options in the future.
Users must first undergo account verification on Binance Lite, and after being successfully verified, users can place online orders and deposit cash at their nearest newsagent, in order to receive their pre-ordered Bitcoin.
The Binance Lite brokerage service is operated by InvestbyBit, an independently operated subsidiary of the Binance.com cryptocurrency exchange. The service aims to simplify the process of purchasing cryptocurrencies and make digital assets such as Bitcoin readily accessible across Australia.
Fees A 2.5% transaction fee (50% discount applied) plus GST on the transaction fee for each purchase is currently being charged as an introductory rate. Therefore, for a $50 order, the transaction fee will be $1.22 and the GST will be 10% of the transaction fee, which is $0.12. Limits The system is currently in its Beta phase, and the minimum purchase amount has been lowered to $30 with the maximum purchase amount capped at $1000. These limits may change over time and only multiples of $10 are being accepted, such as orders for $50, $60, $70 etc. Verification First time customers are required to go through a one-time Know Your Customer (KYC) document verification. When using the service, it’s necessary to follow the instruction prompts after the order page and go through the verification.
In order to complete the verification process, it’s necessary to submit 1 or 2 forms of government issued ID documents as a Passport, Driver’s Licence, or Medicare card, in addition to your residential address. Any returning customers, who have already completed KYC verification, will be sent to the order summary page directly after opening a new order.
Each account is linked to a mobile number, and users should ensure to use the mobile number provided when first completing the verification process. Anyone choosing to use a new mobile number will be required to complete the ID verification process once again.
Paying by Debit and Credit Card Binance allows users to make debit and credit card payments for cryptocurrencies via a partnership with Simplex. It’s possible to purchase Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and XRP tokens by Visa and MasterCard and the benefits of using a debit or credit card on Binance include:
Swift Transfers: Average 10-30 mins for cryptocurrency to reach your wallet Low Fees: only 3.5% per transaction or 10 USD, whichever is higher Convenient: Visa and MasterCard accepted In order to purchase the supported cryptocurrencies with a debit or credit card, users can first go through the official instructions page and then visit: https://www.binance.com/en/creditcard.
Binance Launchpad and Initial Coin Offerings (IEOs) Binance Launchpad is the exchange’s token launch platform that aims to connect blockchain projects with the greater cryptocurrency community and enable projects to raise funds while interacting with Binance’s significant user base. In December 2017, the BREAD and GIFTO projects were able to hold successful token sales on Binance Launchpad and projects such as BitTorrent and Fetch.AI have also held successful launches in 2019. The platform makes use of the exchange’s native BNB token and rewards users for holding the token as well as allowing it to be used to participate in token sales.
Read: What is an IEO?
How Token Offerings Work on Binance Launchpad The ability to part in token offerings continues to attract a significant amount of users to Binance and it’s necessary to go through a number of steps in order to get used to the Launchpad platform. Anyone interested in a project should first go to the Binance Launchpad website and click on the project page and thoroughly research any of the projects on offer. If not already done, it’s also necessary to complete your Binance account verification, as token sales are carried out in compliance with the regulatory requirements in supported user jurisdictions.
The Lottery System Binance Launchpad operates a lottery system which sees that the number of lottery tickets you can claim being dependant on the amount of BNB tokens you hold in your Binance account over a 20-day period leading up to the day of the lottery, with a maximum of up to 5 tickets per eligible account.
The 20 days leading up to the lottery draw date is represented by X below, and by example, 100 ≤ X < 200 means that your BNB balance over the entire 20-day period is kept at 100 BNB or more, but does not exceed or reach 200 BNB.
A snapshot at 0:00 AM (UTC) each day records each user’s BNB balance, and should your BNB balance drop below the minimum balance required on any given day during the 20-day period, they will be put into the lower threshold. For example, if User A holds 301 BNB for 19 of the 20 days but their balance drops to 299 BNB on one day. They will move to the lower threshold and only be eligible to claim 2 lottery tickets.
Before the actual lottery date, users are given a 24 hour period to select how many lottery tickets they wish to enter, with the maximum number based upon their BNB holdings over the previous 20 days. Here, if a user submits an entry of 5 tickets and 2 tickets end up winning, they are committed to pay for 2 ticket allocations (in BNB) for the tokens.
Each lottery ticket has a unique number with multiple lottery ticket holders, obtaining tickets with consecutive numbers. For example, when claiming 5 tickets, the tickets may be numbered 100010, 100011, 100012, 100013 and 100014.
Once the 24 hour period ends and all tickets have been fully issued, Binance begins to randomly select multi-digit numbers. These are matched against the tail digits of all issued tickets in order to determine the list of winners. The selection process continues until the maximum number of winners are matched, and the respective BNB is deducted from each winning user’s balance, as soon as they are deemed a winner.
Binance announces the maximum number of potential lottery ticket winners, and the allocation amount corresponding to each winning ticket in advance.
Conclusion Currently, the matching engine of the exchange is capable of processing approximately 1.4 million orders each second, hence making it one of the fastest exchanges available on the market. Additionally, the exchange works on all forms of devices, including web, Android, WeChat, and HTML5. Non-English speakers will be happy to know that Binance offers multiple-language support in Chinese, English, Korean and Japanese.
Based on everything that has been outlined so far, Binance is undoubtedly the leading Cryptocurrency Exchange and offers great fees and awesome digital currency support. As it reportedly has access to abundant resources and partners, chances are that Binance will continue to evolve and offer great digital currency exchange services to its clients. We are happy to recommend Binance and have added it to our list of the Best Cryptocurrency Exchanges.
Update, April 2019: We have continued to update this review since Binance was first launched ( we were one of the first to offer a review of the platform at the time ). And as time has progressed, time and time again Binance have proven to be one of the very best, if not the best, exchanges available. Their CEO Changpeng Zhao (CZ for short) has been part of the cryptocurrency community and shown high standards of integrity. Binance the exchange has continued to innovate, bringing new products to market and new options for purchasing and trading cryptocurrencies to all corners of the globe.

Read w/ Proper Formatting & Illustrations
submitted by rulesforrebels to BinanceTrading [link] [comments]

What is Alendoo?

Alendoo’s main mission is to keep their customers anonymity, to do so they’ve had to ‘think outside the box’ to fulfil its existing promises to customers and find a way to extend their offering by adding loans paid out in FIATs. An innovative solution has been selected for this issue. Alendoo decided to design an NFC mobile application that will be loaded with cryptocurrencies and without the need to register a debit or credit card. The design of an NFC application and creating the right infrastructure for the entire process will require large funding. Alendoo cannot handle this project independently, which is why this investment opportunity is now available. The company has made plans to launch an Initial Coin Offering for their token - the Alendoo coin (XAL). XAL will serve essential complex purposes due to its properties as utility coin.
About Alendoo Innovative technologies such as cryptocurrencies and the Blockchain were invented about ten years ago. Many experts believe that the Bitcoin, which is the oldest and most popular cryptocurrency, can become a true legal tender recognized by the laws and accepted in all parts of the world. On the other hand, the Blockchain is regarded as a revolutionary technology that can be used in all types of industries such as finance, healthcare, data management, IT, Space agencies, Smart Contracts, and Dapps, among others.
There are over 5,000 cryptocurrencies on the market. However, only a small percentage offers real value. Many of the coins or tokens exist only for a short time and become obsolete for reasons such as failure to develop the project, an exit scam occurred, or the investors were too few. Also, market conditions have a significant impact on the success of cryptocurrency projects. The well-known FOMO and FUD form an intrinsic part of the market that influences the success of such projects.
The Alendoo project already has active products. We have been referred to as a “crypto bank” that offers services similar to the traditional banks. However, our operations are based on only cryptocurrencies at the moment. Alendoo customers can take loans with the leverage of their crypto. Customers can also lend crypto and gain fair interests in return. In addition, customers who decide to hold crypto in Alendoo wallets are rewarded with 12% APR interests, at a value higher than what is offered by regular banks.
Our team is impressed by the level of customer satisfaction regarding the Alendoo project, and we plan to extend our offer to become more competitive in the market. To accomplish this goal, Alendoo has decided to launch an Initial Coin Offering (ICO) of their token – Alendoo Token (XAL). The company plans to raise funds to launch a Near Field Communication (NFC) payment application which will be based on cryptocurrencies. Currently, Alendoo Loans are paid out in USDT only, with the aim of giving customers access to a commonly used currency. The company remains committed to offering the benefits of anonymity; hence the traditional Debit or Prepaid Cards cannot be issued because the process will require KYC and AML procedures. Our team found the best solution for the NFC payment project that does not require any card to be connected while it functions. There will be a daily limitation due to standard AML regulations, but the anonymity of our customers will be protected.
EXCHANGE LIST
Binance
Kucoin
Bibox
Huobi
SECURE WALLET
Ledgerwallet
Trezor
Ellipal
submitted by icoinformation2021 to Alendoo [link] [comments]

[Daily BAT Discussion] Cautious Caverns - January 13, 2018

January 13, 2018
Hey fellow wombats! Welcome to the Daily BAT Discussion!
Yesterday's Market Movements - Sideways Movement
Yesterday was pretty much sideways movement all day, bouncing between 5100 sats and 5500 sats. At the end of the day and time of this post, we've consolidated around 5200 sats ($0.73) on relatively low volume still.
CryptoJennie gave us the loaded weekly update, so check it out if you haven't already! For those of you relatively new to the community, check out the review for 2017 and goals for 2018 post - it is a pretty good summary of achieved milestones, and what to expect in the upcoming months!
Welcome to the BAT community, and we hope you enjoy your stay :)
(Recap) Binance Opens up Registration
If you are still looking to get your hands on some BAT through Binance (referral link), they have just reopened registration! If you've never bought from an exchange or would like some help, check out the tutorial below to walk you through purchasing some BAT!
(Recap) Uphold adds Debit/Credit Card Purchasing
If you are looking to get some BAT fast, Uphold has just added debit/credit card purchasing. Uphold is an easy way to acquire BAT straight from fiat. If you didn't know, Uphold is one of Brave's official partners! Register here.
Caution: Someone in the community discovered that Uphold does not work for New York citizens
(Recap) Getting the Daily Stickied
CryptoJennie has responded about getting the Dailies sticked. Currently they are working on settling some issues with the unofficial Facebook group, and once that is finished, these dailies should be getting some love and pinned to the top.
Tutorials
Here are some guides for new people getting into crypto, especially BAT. Invest responsibly!
Daily Discussion Rules
Remember, the permitted topics of discussion include, but are not limited to:
For now, dailies won't be stickied. So if you can, please upvote!
Disclaimer: All content on BAT Dailies are not affiliated with the official Brave or BAT team, and are solely run and provided by the BAT community unless otherwise stated.
submitted by dragespir to BATProject [link] [comments]

Navigating Bitcoin, Ethereum, XRP: How Google Is Quietly Making Blockchains Searchable

Navigating Bitcoin, Ethereum, XRP: How Google Is Quietly Making Blockchains Searchable
It’s a balmy 80 degrees on a mid-December day in Singapore, and something is puzzling Allen Day, a 41-year-old data scientist. Using the tools he has developed at Google, he can see a mysterious concerted usage of artificial intelligence on the blockchain for Ethereum. Ether is the world’s third-largest cryptocurrency (after bitcoin and XRP), and it still sports a market cap of some $11 billion despite losing 83% of its value in 2018. Peering into its blockchain—the distributed database of transactions underpinning the cryptocurrency—Day detects a “whole bunch” of “autonomous agents” moving funds around “in an automated fashion.” While he doesn’t yet know who has created the AI, he suspects they could be the agents of cryptocurrency exchanges trading among themselves in order to artificially inflate ether’s price.
“It’s not really just single agents doing things on their own,” Day says from Google’s Asia-Pacific headquarters. “They’re forming with other agents to have some larger group effect.”
Day’s official title is senior developer advocate for Google Cloud, but he describes his role as “customer zero” for the company’s cloud computing efforts. As such it’s his job to anticipate demand before a product even exists, and he thinks making the blockchain more accessible is the next big thing. Just as Google enabled (and ultimately profited) from making the internet more usable 20 years ago, its next billions may come from shining a bright light on blockchains. If Day is successful, the world will know whether blockchain’s real usage is living up to its hype.
Danish researcher Thomas Silkjaer is using Google's BigQuery to map publicly available information about XRP cryptocurrency addresses. The craters represent some of cryptocurrency's largest exchanges.
Last year Day and a small team of open-source developers quietly began loading data for the entire Bitcoin and Ethereum blockchains into Google’s big-data analytics platform, BigQuery. Then, with the help of lead developer Evgeny Medvedev, he created a suite of sophisticated software to search the data.
In spite of a total lack of publicity, word of the project spread quickly among crypto-minded coders. In the past year, more than 500 projects were created using the new tools, trying to do everything from predicting the price of bitcoin to analyzing wealth disparity among ether holders.
When it comes to cloud computing, Google is far behind Amazon and Microsoft. Last year Google pocketed an estimated $3 billion in revenue from cloud ser­vices. Amazon and Microsoft, meanwhile, generated about $27 billion and $10 billion, respectively.
Day is hoping that his project, known as Blockchain ETL (extract, transform, load), will help even the playing field. But even here Google is trying to catch up. Amazon entered blockchain in a big way in 2018 with a suite of tools for building and managing distributed ledgers. Microsoft got into the space in 2015, when it released tools for Ethereum’s blockchain. It now hosts a range of services as part of its Azure Blockchain Workbench. But while Amazon and Microsoft are focusing on making it easier to build blockchain apps, Day is focusing on exposing how blockchains are actually being used, and by whom.
“In the future, moving more economic activity on chain won’t just require a consensus level of trust,” says Day, referring to the core validating mechanism of blockchain technology. “It will require having some trust in knowing about who it is you’re actually interacting with.” In other words, if blockchain is to go mainstream, some of its beloved anonymity features will have to be abandoned.
A native of Placer County, California, Day got his first computer at the age of 5 and a few years later started writing simple programs. A fascination with volcanoes and dinosaurs turned his interest to life sciences, and he ultimately graduated from the University of Oregon with a dual degree in biology and Mandarin in 2000. From there he headed to UCLA to pursue a doctorate in human genetics and helped build a computer program to browse the genome.
It was at UCLA where Day began relying on distributed computing, a concept that is core to blockchains, which store their data on a large network of individual computers. In the early 2000s Day needed to analyze the massive amounts of data that make up the human genome. To solve this problem he hooked many small computers together, vastly increasing their power.
“Distributed-systems technology has been in my tool kit for a while,” Day says. “I could see there were interesting characteristics of blockchains that could run a global supercomputer.”
Hired in 2016 to work in the health and bio­informatics areas of Google, Day segued to blockchains, the hottest distributed-computing effort on the planet. But the talents he had honed—sequencing genomes for infectious diseases in real time and using AI to increase rice yields—were not easily applied to decoding blockchain.
Before Day and Medvedev released their tools, just searching a blockchain required specialized software called “block explorers,” which let users hunt only for specific transactions, each labeled with a unique tangle of 26-plus alphanumeric characters. Google’s Blockchain ETL, by contrast, lets users make more generalized searches of entire ecosystems of transactions.
To demonstrate how customers could use Blockchain ETL to make improvements to the crypto economy, Day has used his tools to examine the so-called hard fork, or an irrevocable split in a blockchain database, that created a new cryptocurrency—bitcoin cash—from bitcoin in the summer of 2017.
Google Cloud developer advocate Allen Day presents his early cryptocurrency work at Google's Asia Pacific headquarters in Singapore in August 2018. DORJEE SUN / PERLIN
This particular split was the result of a Hatfield and McCoy “war” within the bitcoin community between a group who wanted to leave bitcoin as it was and another who wanted to develop a currency that, like cash, was cheaper and faster to use for small payments. Using Google’s BigQuery, Day discovered that bitcoin cash, rather than increasing so-called micro-transactions, as the defecting developers claimed, was actually being hoarded among big holders of bitcoin cash. “I’m very interested to quantify what’s happening so that we can see where the legitimate use cases are for blockchain,” Day says. “Then we can move to the next use case and develop out what these technologies are really appropriate for.”
Day’s work is inspiring others. Tomasz Kolinko is a Warsaw-based programmer and the creator of a service that analyzes smart contracts, a feature of certain blockchains that is designed to transparently enforce contractual obligations like collateralized loans but with less reliance on third parties, like lawyers. Kolinko was frustrated with his blockchain queries.
In December, Kolinko met Day at a hackathon in Singapore. Within a month of the meeting, Kolinko was using Google’s tools to search for a smart contract feature called a “selfdestruct,” designed to limit a contract’s life span. Using his own software in conjunction with Day’s, Kolinko took 23 seconds to search 1.2 million smart contracts—something that would have taken hours before. The result: Almost 700 of them had left open a selfdestruct feature that would let anyone instantly kill the smart contract, whether that person was authorized or not. “In the past you couldn’t just easily check all the contracts that were using it,” Kolinko says. “This tool is both the most scary and most inspiring I’ve ever built.”
Day is now expanding beyond bitcoin and ethereum. Litecoin, zcash, dash, bitcoin cash, ethereum classic and dogecoin are being added to BigQuery. Independent developers are loading their own crypto data sets on Google. Last August, a Dutch developer named Wietse Wind uploaded the entire 400 gigabytes of transaction data from Ripple’s XRP blockchain, another popular cryptocurrency, into BigQuery. Wind’s data, which he updates every 15 minutes, prompted a Danish designer named Thomas Silkjaer to create a heat map of crypto flows. The resulting colorful orb reveals at a glance more than a million crypto wallets, including big ex­changes like Binance and London’s crypto debit card startup Wirex, which are neck deep in XRP transactions.
“Google has been a bit of a sleeping giant in blockchain,” says BlockApps CEO Kieren James-Lubin, who is partnering with Google to sell enterprise blockchain apps. In addition to Day’s work, Google has filed numerous patents related to the blockchain, including one in 2018 to use a “lattice” of interoperating blockchains to increase security, a big deal in a world where untold millions of crypto have been stolen by hackers. The company is also pushing its developers to build apps on the Ethereum blockchain, and Google’s venture arm, GV, has made a number of significant investments in crypto startups.
The giant, it seems, is waking up.
Reach Michael del Castillo at [email protected]. Cover image by Munshi Ahmed.
https://www.forbes.com/sites/michaeldelcastillo/2019/02/04/navigating-bitcoin-ethereum-xrp-how-google-is-quietly-making-blockchains-searchable/#5105408f4248
submitted by dForceProtocol to u/dForceProtocol [link] [comments]

[Guide] Buying TRX with USD

Hello everyone.
For all new-comers out there that lack the knowledge on how to buy TRX, this guide is for you!
What this guide does not cover:
I believe that there an amplitude of guides out there for setting up offline wallets so I will not be covering that.
For this guide we will be doing the following:
Signup for a Coinbase account: Optional: If you wish you can sign up under my referal code so we can each earn $10!
Acquiring a coinbase account is fairly easy, and you can either use the main Coinbase website or their mobile application: Android or iPhone Just follow the registration process and you should be setup with an account fairly quickly.
Signup for a Binance account
Optional: Sign up under my referral address
Binance has a pretty decent guide already on their website you can view it here If you have any questions don't hesitate to ask!
Buying ETH - with Coinbase
Log onto your Coinbase account and purchase the amount of ETH that you wish to transfer to Binance. Note: You can use BTC or ETH but I prefer ETH because it has faster transaction times
Purchasing through Coinbase can be done with card/bank account/wire transfer. All fees can be seen here To make it simple though, at the time of this post, their current fees for USA based customers is:
  • US Bank Account - 1.49%, with a $0.15 minimum
  • Credit/Debit card - 3.99%
To purchase ETH on their mobile application:
  • slide the screen down till you see Ethereum(ETH) and press on it. This next screen you see will have the current price of ETH and two options to Buy and *Sell.
  • Press Buy and enter the amount in USD(or your currency) you wish to purchase.
Once the purchase goes through and is validated you will now have that amount of ETH on your Coinbase account. Congratulations! You have successfully purchased ETH!
Transferring ETH - to Binance account
Lets do a small recap of everything before moving on. So far we have successfully:
  • Signed up for a Coinbase account
  • Signed up for a Binance account
  • Purchased ETH with Coinbase
Moving on: Transfering ETH from Coinbase to Binance is relatively easy if you know what to do, but small mistakes can lead to big headaches, so pay attention.
Things you will need: Binance ETH deposit address. Scroll down to 'Deposit' and this will show you how to find your deposit address
  • On your Coinbase app(at the bottom) go to the account section.
  • Locate your ETH Wallet and press it to open it.
At the top right hand corner of the app there are two buttons. One opens the QR code to receive ETH and the other looks like a little paper plane(The kind you used to make out of paper when you were a kid)
Next:
  • Type the amount(On the app you type amount in USD not ETH) you would wish to send to your Binance wallet and press 'continue'. I would suggest sending a small amount at first to make sure everything goes through smoothly and then sending the larger portion of your balance.
VERY IMPORTANT NOTE: If you don't correctly type in the address correctly you will loose all your ETH. Make sure you type in(or copy and paste) the address in correctly.
  • Copy and paste your Binance Deposit address into the field that asks for the address where the funds will be sent.
  • Wait. It will take 30 blocks before your transfer request goes through on Binance, for me this only took 3-5 min.
Once the funds have been transferred to Binance it will look something like this on your Deposit history: https://imgur.com/a/BUvMi
Congratulations! You now have ETH on your Binance account.
Purchasing TRX - with Binance
On Binance, go to the exchange tab and click 'Advanced' - I find this to be more user friendly and less cluttered than the 'basic' view.
In the top right hand corner to the left of 'Account | Logout' options there is a drop down menu. Navigate to the 'ETH' tab and in the search bar there type 'TRX' and click the option that says 'TRX/ETH'.
Once the page loads in the bottom right hand corner of your screen there are 3 tabs: Limit, Market and Stop-Limit
To make things easy, if you are a newcomer, navigate to the 'Market' tab. This will buy TRX at market price so you don't accidentally mess up your purchase.
Enter the amount of TRX you wish to purchase in the left hand 'Amount' box and press 'Buy'.
Any questions are welcome. I hope this guide helped if you seemed like you were left in the dark.
If you think this guide has helped you can always donate:
ETH - 0xcde42e83bfe728786f72a198b097d455b427e995
BTC- 1PTwr7kZRYf8K2H1sD3fBPx3ncsPzPTTAG
Edit: Formatting
submitted by The_Crowned_King to Tronx [link] [comments]

[uncensored-r/CryptoCurrency] Goodbye, Coinbase. Hello APPC: An alternative method to purchase cryptocurrency directly from the...

The following post by Deliverah is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7pvfsw
The original post's content was as follows:
I recently stumbled upon the "APPC", or "AppCoins" token on Binance while browsing new coin listings.
Like any half-decent cryptocurrency enthusiast, I was intrigued. "Aha! A new coin!"
I took a deep breath and prepared to take a deep dive into the bowels of the internet to figure out what APPC is all about. And by deep dive I mean I googled "AppCoins" and went to their website.
"Oh, they're trying to make a new app store. Good luck competing with Google Play and the iOS App Store!"
Given Google and Apple's combined gigantic market share of the space, I was inclined to move on to the next lucky contestant on the Wheel O' Coins. But on a whim I kept scrolling.
I thought "Wait, what? 200 million users? Over 4 billion downloads? What am I missing here?"
Apparently AppCoins isn't a token from a new startup - it's the token from Aptoide, the #1 ranked alternative to the Google Play store.
From the developer's side, the token is used as an incentive for users to download their apps. The end user is rewarded with tokens based on a unique system that determines if the user is actually trying out the app. The tokens are also used for in-app purchases. They can also be sent to and from one another.
But enough about the token value proposition. You can research it in depth yourself and buy some on Binance if you're so inclined. Whether or not you buy the coin for speculation purposes is not the purpose of this post.
So...what does this have to do with Coinbase?
Well, let's first take a quick look at the AppCoins roadmap:
  • Q1 - Open Source Implementation: Release of the first beta version of Aptoide with AppCoins support
  • Q2 - Pre Load Tier 1 OEMs: Rollout of AppCoins on Aptoide App Store, as well as on other app stores that joined
  • Q3 - App Store Foundation: Production roll-out to all Aptoide clients (and other participant app stores)
By the end of this year over 200 million Aptoide users will have the ability to purchase, earn, and use AppCoins from right within the app.
To give some perspective, Coinbase has 13.3 million users as of October 26, 2017 according to an article from CNBC.
Aptoide has over 15 times the number of active users compared to Coinbase.
OK, you have my attention. Starting to sound like a shill post though. Get to the beef.
Buying cryptocurrency through Coinbase is expensive. Users are nickle-and-dimed at every opportunity:
  • Deposit fees: Free (ACH to receive funds in 3-5 days) through 3.99% for debit/credit card fees
  • Transaction fees: from $0.99 to $2.99. It's a $2.99 + 1.49% variable fee for purchases over $200.
Let's say you're not interested in buying Bitcoin, Bitcoin Cash, Ethereum, or Litecoin.
Instead you want to convert your hard-earned $2,000 US dollars into something else like Ripple. Here's how it plays out:
Your initial deposit: $2,000 Deposit fee: $0 (ACH to receive funds in 3-5 days) through $79.80 for debit/credit card fees
Now you have $1,920.20 - $2,000 in your Coinbase USD wallet
You decide to purchase ETH with the intention of transferring it to an exchange that sells Ripple:
ETH buy order: $1,920.20 - $2,000 Transaction fee: $29.80 for ACH. Fee included in credit/debit deposit (so $79.80).
Total purchase fees from deposit to ETH acquisition: $29.80 to 79.80
EDIT: Adjusted the fee rate schedule to make them accurate. Do these fees still seem reasonable to you, even after the decrease in fees? Search Reddit for complaints about Coinbase fees and see what you find. And if your unconcerned about the deposit transaction price, how about the speed of transaction to fee rate ratio? If we want cryptocurrency to be widely adopted then it should be friction-less.
Come on. Everyone knows that Coinbase is expensive. That's why I deposit my fiat into GDAX to buy crypto. The fees are significantly lower. Quit wasting my time.
Well, that's partially true. Anyone worth their weight in SHA256 hashes knows that GDAX is dramatically cheaper than Coinbase for depositing and purchasing BTC, BCH, LTC, and ETH.
The part that isn't true is that everyone knows that GDAX is cheaper. A more accurate statement is "every cryptocurrency enthusiast/trader knows that GDAX is cheaper". Coinbase does not advertise that GDAX has cheaper fees. There is no GDAX app for a reason - it would heavily cut into Coinbase's bottom line.
Your average crypto newbie buys their first coins through Coinbase because, let's face it, they have an app. Buying crypto on an app is something that your average person can comprehend. Apps are easy to use, trustworthy, and nearly everyone can do it regardless of their age and technical skill level.
Right, apps are easy to use. What a novel thought. You should tour the world giving Ted Talks about how easy apps are to use. Now could you PLEASE get to the point.
OK! I apologize for droning on. I'll cut right to the chase:
Instead of jumping through all the aforementioned hoops with Coinbase, you buy AppCoins from the Aptoide app store and send them directly to your favorite exchange. Then trade the AppCoins for the cryptocurrency of your choice. In theory it should be a faster and more cost-effective way to purchase cryptocurrency.
Hmmmm. OK, I'm starting to understand where you're going with this. But I'm still going to use GDAX. I'd rather buy ETH from GDAX.
Hey, to each their own. I'd rather buy coins in 30 seconds with a couple of taps on my phone and send them right to Binance.
Oh come on. Now you're just shilling. Your whole rant was just a ploy to shill this coin. I'm going to another thread.
Honestly, no. I didn't write this to shill. I guess I'm just tired of Coinbase. And I bet there are others that are less than pleased with their business model and customer service. Remember when they didn't distribute all that Bitcoin Cash?
Ugh, yes. Don't remind me about that.
Sorry! Didn't mean to upset you. I know its a sore subject.
If you read this far then congratulations, you have more patience than your average cryptocurrency trader. May your candles always be green.
Some interesting facts:
  • The number of Bitcoin users is forecasted to reach 200 million by 2024.
  • There are approximately 15 million bitcoin wallets as of September 2017.
  • As I mentioned before, AppCoins will be rolled out as a completed project to 200M users by the end of 2018 whether you want to believe it or not (barring a total catastrophe, of course). Aptoide store users may not even know that they're using a cryptocurrency.
  • AppCoins may be the first real "mainstream" cryptocurrency (by definition of the high number of users with little to no technical knowledge or grasp of blockchain).
  • There will be 200 million users' app transactions on the blockchain. This is a huge step in the right direction for blockchain and cryptocurrency regardless of which coin you support. Rising tides raise all ships.
Needless to say, I think that Aptoide and AppCoins is a project to be excited about regardless of whether you're a cryptocurrency trader or completely uninvolved with the cryptocurrency space. Cryptocurrency is going mainstream this year!
To avoid confusion since Coinmarketcap has APPC listed incorrectly, here is the current accurate financial information. People are going to ask anyway so I would rather supply the correct information:
Circulating supply= 98M APPC Total supply= 246M APPC Coin Price = $2.53 ICO Price = $0.10 Market Cap (CS x P) = $247,940,000 Days on Exchange (Binance) = 7
Thank you for reading!
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

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