Bytecoin (BCN). Anonymous CPU mining cryptocurrency
Bytecoin is a private, decentralized cryptocurrency with an open source code that allows everyone to take part in the network development of Bytecoin. Privacy and security are naturally proponents of Bytecoin and it’s best solution for those who want to keep their finances private.
[uncensored-r/CryptoCurrency] What are the best fiat to crypto exchanges in the US? I'm looking to both buy and sell fiat (pref...
The following post by kramflam is being replicated because the post has been openly greylisted. The original post can be found(in censored form) at this link: np.reddit.com/ CryptoCurrency/comments/7yqxmt The open modlog reason it was greylisted as reported by /CryptoCurrency was: Section 15C. Removed for not meeting minimum character count. The original post's content was as follows:
Best Exchange from FIAT to Crypto for U.K. (in terms of fees)
I currently use Coinbase, but after depositing approximately 1000 GBP, I had to pay £40 in fees, which I think it’s just a bit too extreme. Cashing is isn’t as bad, but still a lot Ideally I’m looking to short, buy when low and sell when a bit higher, but obviously high fees make this incredibly unattractive. I’m aware there are plenty of other exchanges, but some might not do GBP without any dodgy exchange rates or whatever. Can anyone from U.K. recommend?
It is possible saying - best crypto trading fees in the world - is an overstatement. Or is it? Which other exchange is offering negative fees to small traders along with 0 fiat deposit fees and 0% basic level maker fees? Amaze me with your answers, please? r/cryptocurrency, thank you. :)
Fiat to crypto & alt coin exchange with lowest fees and best security
Hi everyone! I used to use Coinbase to buy crypto and Binance to trade daily. I haven't purchased anything using Coinbase in a while, but see that it is still considered to be highly rated. I am in one of the states that Binance US does not support and would like to find an alternative. I have yet to withdraw my coins from the Binance platform and still need to do so. I am no longer trying to trade daily, rather I want to purchase altcoins to hold long term. My questions to you all are:
What is the best avenue to purchase crypto from fiat that has the lowest fee?
What is the best avenue to convert crypto to altcoins?
Just a shout out to Gemini. $5k deposit just in. Every time I do an international wire transfer it is credited into my account on the same day within hours like clockwork. I have since moved from Bitstamp to Gemini to buy XRP (eth -> Binance). If you compare the number of complaints here versus Coinbase/Bitstamp/Bitfinex/etc., it's clear Gemini is the winner. Best fiat to crypto exchange, hands down!
What is the best exchange to get CAD fiat into crypto these days and not pay ridiculously high fees?
Hey guys, I'm looking to turn my Canadian into crypto but preferably not pay a 4% fee on coinbase. I've used Quadriga in the past, but they currently aren't excepting EFT's or e-transfers. It seems like they just can't keep up. Has anyone used ezBtc? Or know of any other safe, reliable sites that will accept CAD deposits either in the form of EFT's, e-transfers or even a credit card? Thanks.
Now now, I know I may get comments stating that this is a very bad idea, but if in the event any of my cryptocurrencies moons and I want to sell some (definitely not all), what would you suggest I use? I keep hearing horror stories about Coinbase keeping funds of over $10k, and I'm not sure about the other places that offer fiat for crypto. Any suggestions? EDIT: Thanks everyone! Sorry, forgot to mention I'm in the USA. For those wondering the same thing, so far everyone has recommended, from most popular to the least mentioned: Bitfinex, Gemini, Coinbase, Quadriga, Cex, and btcmarkets.net
With Deex users get secure and easy-to-use platform for trading, purchasing or merchandising virtual currency fast and with comfort, because we have the best payment methods for the fiat currencies for everyone worldwide. #deex #cryptocurrency #crypto #dex #bitshares #exchange
FIAT (USD) to Crypto and Crypto to FIAT (USD) best exchange?
What website(s) do you use to do this? Should i first convert to bitcoin on like coinbase then convert bitcoin to altcoin on bittrex? and do the reverse ? What is a good way of doing this without paying gigaintic fees ?
Buying some more crypto from fiat, what would be the best to exchange for regarding the market situation?
I'd like to buy in some more so I can take advantage of the dip, the problem is it can take up to 4 days for my fiat to become crypto, should I get ETH or BTC? which do you think is more stable for an alt gateway?
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.
Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
Accountable - The public ledger is transparent, all transactions are seen by everyone.
Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
Low fee scaling - On chain transaction fees depend on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view current fees here and mempool activity here. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply memorizing a string of words for wallet recovery (while cool this method is generally not recommended due to potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for new users due to ease of use and additional security).
Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage. Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".
Securing your bitcoins
With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended. Alternatively there are many software wallet options to choose from here depending on your use case.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email! 2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".
Where can I spend bitcoins?
Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out. If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.
Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.
The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
one bitcoin is equal to 100 million satoshis
1,000 per bitcoin
used as default unit in recent Electrum wallet releases
1,000,000 per bitcoin
colloquial "slang" term for microbitcoin (μBTC)
100,000,000 per bitcoin
smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki. Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval. Welcome to the Bitcoin community and the new decentralized economy!
/r/Monero Weekly Discussion – August 15, 2020 - Use this thread for general chatter, basic questions, and if you're new to Monero
Wallet: CLI & GUI
1. General questions
Where can I download the Monero wallet?
There are multiple Monero wallets for a wide range of devices at your disposal. Check the table below for details and download links. Attention: for extra security make sure to calculate and compare the checksum of your downloaded files when possible. Please note the following usage of the labels: ⚠️ - Relatively new and/or beta. Use wallet with caution. ☢️ - Closed source.
"Official" GUI / CLI
Windows, macOS, Linux
Default implementation maintained by the core team. Use this wallet to run a full node and obtain maximum privacy. Integrates with hardware wallets. Current version: 0.15.0.1 / 0.15.0.4.
Your balance is unlocked after 10 confirmations (which means 10 mined blocks). A block is mined approximately every two minutes on the Monero network, so that would be around 20 minutes.
How can I prove that I sent a payment?
The fastest and most direct way is by using the ExploreMonero blockchain explorer. You will need to recover the transaction key from your wallet (complete guide for GUI / CLI).
How do I buy Monero (XMR) with Bitcoin (BTC)?
There are dozens of exchanges that trade Monero against Bitcoin and other cryptocurrencies. Check out the list on CoinMarketCap and choose the option that suits you best.
How do I buy Monero (XMR) with fiat?
Kraken (USD and EUR): old-school, decent exchange. They might require your documents for verification and approval of your account.
LocalMonero: peer-to-peer exchange. They have pretty much everything as a payment method and they support hundreds of fiat options.
How can I quickly exchange my Monero (XMR) for Bitcoin (BTC)?
There are multiple ways to exchange your Monero for Bitcoin, but first of all, I'd like to remind you that if you really want to do your part for Monero, one of the simplest ways is to get in touch with your merchant/service provider and request for it to accept Monero directly as payment. Ask the service provider to visit the official website and our communication channels if he or she needs help with system integration. That being said, the community has been recommending two services in particular, XMR.TO and MorphToken. These services are only recommendations and are operated by entities outside the control of the Monero Project. Be diligent.
How do I mine Monero? And other mining questions.
The correct place to ask questions and discuss the Monero mining scene is in the dedicated subreddit MoneroMining. That being said, you can find a list of pools and available mining software in the GetMonero.org website.
2. Wallet: CLI & GUI
Why I can't see my balance? Where is my XMR?
Before any action there are two things to check:
Are you using the latest available version of the wallet? A new version is released roughly every 6 months, so make sure you're using the current release (compare the release on GetMonero.org with your wallet's version on Settings, under Debug info).
Is your wallet fully synchronized? If it isn't, wait the sync to complete.
Because Monero is different from Bitcoin, wallet synchronization is not instant. The software needs to synchronize the blockchain and use your private keys to identify your transactions. Check in the lower left corner (GUI) if the wallet is synchronized. You can't send transactions and your balance might be wrong or unavailable if the wallet is not synced with the network. So please wait. If this is not a sufficient answer for your case and you're looking for more information, please see this answer on StackExchange.
Why does it take so long to sync the wallet [for the first time]?
You have decided to use Monero's wallet and run a local node. Congratulations! You have chosen the safest and most secure option for your privacy, but unfortunately this has an initial cost. The first reason for the slowness is that you will need to download the entire blockchain, which is considerably heavy (+70 GB) and constantly growing. There are technologies being implemented in Monero to slow this growth, however it is inevitable to make this initial download to run a full node. Consider syncing to a device that has an SSD instead of an HDD, as this greatly impacts the speed of synchronization. Now that the blockchain is on your computer, the next time you run the wallet you only need to download new blocks, which should take seconds or minutes (depending on how often you use the wallet).
I don't want to download the blockchain, how can I skip that?
The way to skip downloading the blockchain is connecting your wallet to a public remote node. You can follow this guide on how to set it up. You can find a list of public remote nodes on MoneroWorld. Be advised that when using a public remote node you lose some of your privacy. A public remote node is able to identify your IP and opens up a range for certain attacks that further diminish your privacy.A remote node can't see your balance and it can't spend your XMR.
How do I restore my wallet from the mnemonic seed or from the keys?
To restore your wallet with the 25 word mnemonic seed, please see this guide. To restore your wallet with your keys, please see this guide.
3. Wallet: Ledger
How do I generate a Ledger Monero Wallet with the GUI or CLI?
This question is beautifully answered on StackExchange. Check this page for the GUI instructions, and this page for the CLI instructions.
How can my local node become a public remote node?
Lately I was reading a lot of posts which were harsh towards CDC so I wanted to add my two satoshis: It looks like everybody forgot how great service CDC offers and that is spending your fiat and get crypto in cashback. The money I would spend anyway giving me free crypto back. That is huge. I do not want to spend my precious crypto coins but instead make my bags bigger. Ofcourse the swap should be done differently but it was neccessary for mass adoption. Trading volumes for syndicates was great idea as well because now traders are paying for syndicates and they are now sustainable in the long run. To those who want to dump all their CRO after the stake on exchange is completed. I undersand your point and by all means go for it. If you speculated on investment in MCO, that oportunity is gone but to those who are using CDC for the card and benefits won for the long run. CdC is not speculative investment now after the swap, it is the long wealth accumulating game which has bright future. So think what you want, but for me the CDC is still the best crypto company. Everybody in crypto space will win after mass adoption so enjoy your lifes everyone 👍
Hey everyone, In order to leave fiat behind, we need to earn in Bitcoin Cash and other crypto currencies. To facilitate a Bitcoin Cash based job market, I built bitcoincashjobs.com The goal of this site is to help companies connect with talent interested in earning cryptocurrency for work. For employers: Post a job, its free right now! There are many talented people for whom earning in crypto would be a dream, so post your jobs here! For employees: This is your chance to earn in crypto. You can post your freelance or full time service in the "services" section of the site. I hope this website can kick off a virtuous cycle of commerce in Bitcoin Cash, let's leave exchanges behind and earn our crypto! Best, Plummy PS - looking for employer partners!
Coinbase. Coinbase is one of the leading fiat to crypto exchanges for a reason. The company makes it straightforward and simple to exchange your fiat currency for cryptocurrencies. Coinbase is an ideal exchange for beginners because the process is designed to simplify the complicated aspects of cryptocurrencies. Crypto Exchanges The one thing these fiat exchanges have in common is that they currently do not offer a wide variety of crypto coins for trading. If you are looking to buy some of the newer alt-coins (I think of them like penny stock gambling) then you are going to need a crypto trading site that you can trust as well. There are a great number of crypto exchange services on the internet. The focus of this article is to present the top 5 online crypto exchange services where people can exchange their fiat currency for cryptocoins. 1. CEZEX. Cezex is an cryptocurrency trading platform based out of Asia. It is available in most countries except for the US and China. The fees become more important, the more cryptocurrency you exchange. The lowest fees can be found at exchanges with high volume order books. To get the lowest fee you should buy/sell with a limit order. You should choose a large cryptocurrency exchange with low fees. We have selected the best exchange with the lowest fees on the market. Depending on what type of exchange you are trying to deposit into, this will differ. If the exchange is a fiat exchange, you must link a payment method such as a bank account, credit card, or debit card. If it’s a crypto to crypto exchange, you will find a tab or page on the exchange titled wallets, deposits or something of the sort.
Buy Crypto With Fiat (USD/EURO) - Kraken Exchange Tutorial!
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