Trading forex is an exhilarating experience. Just thinking of when your investment will decline or when it will rise can give you a sudden blood rush. The fact that you have the potential to gain profit and to lose your investment is enough to keep you alert for whatever sudden changes that might occur. Every second counts in trading forex. You have to watch out for good or bad trading signs and be able to make outright decisions.
Trading forex involves significant risk factors which you as an investor need to be aware of. You have to know the implications and significance of margin trading and how it can affect your investment. Likewise, you also need to be aware of the various opportunities that are available for you in forex or crypto trading.
Trading Forex Basics
In order to be effective in trading forex you have to know some of the terms used for instance margin trading. You see normally forex is traded on margin. This means that your investment, of say two million dollars, would require a twenty thousand security.
If you will carefully analyze it, you are to obtain an earning opportunity of up to a hundred times of the security money that you invested. This also means that any changes, may it be slight or major, will have an underlying effect on the value of your trade which will either result to a loss or a profit.
In trading forex, it is very important for you to remember that you are not trading with only one currency but a combination of two currencies. Usually the thing that happens in forex trading is that you would buy a certain currency which you expect would increase in value and sell the currency which you think is going to decline in value.
As a word of caution, although trading forex may seem at first glance a simple matter, there are major risks involved which professional traders may only know how to overcome. So for your investment’s sake make sure that you obtain expert guidance. There are lots of online forex trading companies available which you can join. They will be able to provide you with all the help that you need to ensure profit from your forex trading endeavor.
Another trading forex fact that you need to know is that the trade currency is usually, but not always, considered to be the currency with the highest value. The normal way of trading forex is to buy or sell a fixed amount of currency in correspondence to another type of currency. The profit or loss you gain is going to be determined after the other type of currency has been credited and debited with reference of course to the currency that you have.
The profit or loss that you may incur will be denominated in terms of the other currency and this will be considered as the price currency. The loss or the profit that you gain out from the resulting trade may be converted into your base currency, that is if you prefer such.
Another thing in trading forex, you will be quoted a dealing spread which will give you the choice of whether to buy or sell. Afterwards you will be offered a price. Once you accept it, a confirmation is going to be sent to you by the dealer and that ends the trade. All of your transactions are recorded so you will be able to see where the market is trading and confirm if your orders are filled or not.
Friday, July 13, 2018
Foreign Currency Trading Software Review: Automated Forex fx Trading Currency Pips
Foreign Currency Trading Software Review– Vital Day Trading Tool
If you're at this point investing in the foreign currency exchange marketplace then you have to have currency trading software to aid you within your trading. Most profitable forex traders are totally equipped with 1 these particular important tools in forex trading; therefore, if you don't have any of those tools together with you then you're left behind by different traders. Even first time investors equipped with one of these robots can simply outdo experienced forex traders without this tool; and that's exactly how critical that this resource can be.
Foreign Currency Trading Software Review: Automated Forex fx Trading Currency Pips Software -Why Use It?
For this reason, it's critical to find 1 of these robots if you're involved in the forex trading because it can save you a great deal of your time and exertions; and it appreciably increases your efficiency and capability to create more proceeds. This software has the facility to generate reports based on the operation of the forex marketplace in the past; and it are able to in an automatic way create tables and charts to help you in your own examination.
Foreign Currency Trading Software Review: Automated Forex fx Trading Currency Pips Software - How Accurate?
Though, the currency trading software is able to also make its own examination and recommendations on what currency to invest, including when to purchase and sell them, but it's also significant to compare its investigation with your own analysis to make sure more precise estimations. Some people entirely depend on this robot in their forex trading; in the end, a great deal of of them finish up losing their investment amount throughout periods when there are important sudden changes within the market because of external factors like the economy and politics.
For that reason, a few abilities and competencies in day trading are also crucial to complement some factors that the software neglected to contemplate since they are currently outside its capability. Hence, if you are into day trading in foreign currency exchange it is critical to gain a few knowledge on this sphere to improve your achievement rate.
Foreign Currency Trading Software Review: Automated Forex fx Trading Currency Pips Software - The Dangers
The currency trading software only serves as a tool in helping you think of the right call on which currency to invest. They additionally make factors simpler for you by automatically generating crucial knowledge for your decisions. You are able to additionally set it on autopilot mode where the robot shall perform the trading for you; although be more watchful to do it purely as soon as in a whereas on some short term trades where there aren't any possible significant shifts within the market.
Foreign Currency Trading Software Review: Automated Forex fx Trading Currency Pips Software - Conclusion
However, the currency trading software is a breakthrough innovation in the forex market that enormously modified the exact way day trading is accomplished. As you can see Automated Forex fx Trading Currency Pips Software is a vital component of many a successful forex trader, however it crucial to locate quality software via a Foreign Currency Trading Software or Crypto Review.
If you're at this point investing in the foreign currency exchange marketplace then you have to have currency trading software to aid you within your trading. Most profitable forex traders are totally equipped with 1 these particular important tools in forex trading; therefore, if you don't have any of those tools together with you then you're left behind by different traders. Even first time investors equipped with one of these robots can simply outdo experienced forex traders without this tool; and that's exactly how critical that this resource can be.
Foreign Currency Trading Software Review: Automated Forex fx Trading Currency Pips Software -Why Use It?
For this reason, it's critical to find 1 of these robots if you're involved in the forex trading because it can save you a great deal of your time and exertions; and it appreciably increases your efficiency and capability to create more proceeds. This software has the facility to generate reports based on the operation of the forex marketplace in the past; and it are able to in an automatic way create tables and charts to help you in your own examination.
Foreign Currency Trading Software Review: Automated Forex fx Trading Currency Pips Software - How Accurate?
Though, the currency trading software is able to also make its own examination and recommendations on what currency to invest, including when to purchase and sell them, but it's also significant to compare its investigation with your own analysis to make sure more precise estimations. Some people entirely depend on this robot in their forex trading; in the end, a great deal of of them finish up losing their investment amount throughout periods when there are important sudden changes within the market because of external factors like the economy and politics.
For that reason, a few abilities and competencies in day trading are also crucial to complement some factors that the software neglected to contemplate since they are currently outside its capability. Hence, if you are into day trading in foreign currency exchange it is critical to gain a few knowledge on this sphere to improve your achievement rate.
Foreign Currency Trading Software Review: Automated Forex fx Trading Currency Pips Software - The Dangers
The currency trading software only serves as a tool in helping you think of the right call on which currency to invest. They additionally make factors simpler for you by automatically generating crucial knowledge for your decisions. You are able to additionally set it on autopilot mode where the robot shall perform the trading for you; although be more watchful to do it purely as soon as in a whereas on some short term trades where there aren't any possible significant shifts within the market.
Foreign Currency Trading Software Review: Automated Forex fx Trading Currency Pips Software - Conclusion
However, the currency trading software is a breakthrough innovation in the forex market that enormously modified the exact way day trading is accomplished. As you can see Automated Forex fx Trading Currency Pips Software is a vital component of many a successful forex trader, however it crucial to locate quality software via a Foreign Currency Trading Software or Crypto Review.
Bitcoin Exchange Website
Bitcoin may be a digital currency that was made-up in 2008. it's aforementioned to be the invention of the century. In African country the notion of victimization Bitcoins hasn't evolved.
A new web site apprehend as Remitano has been launched that may facilitate the safe shopping for and mercantilism of bitcoins in African country.
Remitano may be a Platform in African country wherever investors should purchase or sell bitcoins through the employment of Mpesa. What Remitano primarily will is to bring bitcoin sellers and consumers in one platform. they're going to then facilitate the dealing between the two parties in order that there aren't any incidences of dishonorable activities e.g mercantilism your bitcoins then the customer fails to deliver. similar to Forex the worth of Bitcoin investment flactuate. but it's been discovered that the Bitcoin price appreciates each year. monetary Analysts have calculable that by the top of 2017 one Bitcoin are valued at around at around three hundred,000 ksh. therefore in theory if you get one bitcoin these days and sell it when one year your cash would have doubled.
So creating profits with Bitcoins entails shopping for the bitcoin whereas the costs ar low and mercantilism them after they appreciate.
What ar bitcoins?Is it Legit to use them in India?
Bitcoin is associate innovative payment network and a replacement quite cash. Bitcoin uses peer-to-peer technology to control with no central authority or banks; managing transactions and also the issuance of bitcoins is administrated put together by the network.
Yes it's legal to use bicoins in Republic of India.
How to Send/Receive Bitcoins In Republic of India (With Unocoin)?
You can send/receive bitcoins simply in Republic of India victimization completely different bitcoin wallets however unocoin is that the best choice for indians with low fees and fewer formalities.To send/receive bitcoins with unocoin you ought to have your account verified that I actually have explained below during this guide.
Full Guide concerning Unocoin :-
Unocoin may be a new bitcoin billfold for Indians.Their company is established in banglore.With Unocoin you'll send/receive bitcoins from/to the other bitcoin wallets like coinbase ,igot, blockchain,etc.You can obtain bitcoins directly from your checking account and once you with success sell your BTCs,you can withdrawal your cash that is in Indian National Rupee (INR) on to your native checking account. At Unocoin, the worth is calculated supported the bitcoin to USD rate taken from numerous credible exchanges and its own orders. the most factors that influence its price are: the present USD to office exchange, market fluctuations and most significantly the demand/supply of bitcoins. each commercialism platform offers a buyer's value and a seller's value so as to satisfy (may not be identical across exchanges).
In India we've seen this meeting value to be over the international exchanges because the offer of bitcoins in India is relatively restricted. {in a|during a|in associate exceedingly|in a very} manner each exchange is freelance of every different and once there's a colossal distinction in costs between them there'll perpetually be speculators wanting to form an arbitrage that consequently brings the rates a lot of or less in synchronize with different exchanges. BTC MONK is sell bitcoin India you can easily bitcoin exchange website in india.
On some commercialism websites like Italy crypto that's specific to a rustic (India), creating a worldwide arbitrage nearly not possible. thereforeit takes longer for its costs to synchronize with different international exchanges once there's a fulminant spike or drop by bitcoin costs. BTC MONK is best bitcoin wallet you can easily buy sell bitcoin and buy bitcoins with INR in india.
A new web site apprehend as Remitano has been launched that may facilitate the safe shopping for and mercantilism of bitcoins in African country.
Remitano may be a Platform in African country wherever investors should purchase or sell bitcoins through the employment of Mpesa. What Remitano primarily will is to bring bitcoin sellers and consumers in one platform. they're going to then facilitate the dealing between the two parties in order that there aren't any incidences of dishonorable activities e.g mercantilism your bitcoins then the customer fails to deliver. similar to Forex the worth of Bitcoin investment flactuate. but it's been discovered that the Bitcoin price appreciates each year. monetary Analysts have calculable that by the top of 2017 one Bitcoin are valued at around at around three hundred,000 ksh. therefore in theory if you get one bitcoin these days and sell it when one year your cash would have doubled.
So creating profits with Bitcoins entails shopping for the bitcoin whereas the costs ar low and mercantilism them after they appreciate.
What ar bitcoins?Is it Legit to use them in India?
Bitcoin is associate innovative payment network and a replacement quite cash. Bitcoin uses peer-to-peer technology to control with no central authority or banks; managing transactions and also the issuance of bitcoins is administrated put together by the network.
Yes it's legal to use bicoins in Republic of India.
How to Send/Receive Bitcoins In Republic of India (With Unocoin)?
You can send/receive bitcoins simply in Republic of India victimization completely different bitcoin wallets however unocoin is that the best choice for indians with low fees and fewer formalities.To send/receive bitcoins with unocoin you ought to have your account verified that I actually have explained below during this guide.
Full Guide concerning Unocoin :-
Unocoin may be a new bitcoin billfold for Indians.Their company is established in banglore.With Unocoin you'll send/receive bitcoins from/to the other bitcoin wallets like coinbase ,igot, blockchain,etc.You can obtain bitcoins directly from your checking account and once you with success sell your BTCs,you can withdrawal your cash that is in Indian National Rupee (INR) on to your native checking account. At Unocoin, the worth is calculated supported the bitcoin to USD rate taken from numerous credible exchanges and its own orders. the most factors that influence its price are: the present USD to office exchange, market fluctuations and most significantly the demand/supply of bitcoins. each commercialism platform offers a buyer's value and a seller's value so as to satisfy (may not be identical across exchanges).
In India we've seen this meeting value to be over the international exchanges because the offer of bitcoins in India is relatively restricted. {in a|during a|in associate exceedingly|in a very} manner each exchange is freelance of every different and once there's a colossal distinction in costs between them there'll perpetually be speculators wanting to form an arbitrage that consequently brings the rates a lot of or less in synchronize with different exchanges. BTC MONK is sell bitcoin India you can easily bitcoin exchange website in india.
On some commercialism websites like Italy crypto that's specific to a rustic (India), creating a worldwide arbitrage nearly not possible. thereforeit takes longer for its costs to synchronize with different international exchanges once there's a fulminant spike or drop by bitcoin costs. BTC MONK is best bitcoin wallet you can easily buy sell bitcoin and buy bitcoins with INR in india.
Begin with Bitcoin! 10 Tips for Beginners to Bitcoin
Bitcoin is lately considerably again attention. Among other course by course. We get a lot of questions about how best to start or "boarding" in Bitcoin. But beware: There is not any guarantee that the Bitcoin currency will continue. Bitcoin has in recent years demonstrated that it offers unprecedented opportunities but there are certain risks involved. It is therefore wise to keep a few basic rules when you go to work with Bitcoins.
1. Bitcoin is an experiment: Educate yourself
Bitcoin is still in its infancy, make yourself aware of all the opportunities and all the risks. Inform yourself and choose a good Bitcoin wallet (electronic wallet) to save your bitcoins on.
2. Remember, Bitcoin is NOT anonymous
Contrary to what you may have heard Bitcoin is not anonymous. Bitcoin addresses are not linked to a person but the Bitcoin transactions, however, are completely transparent and traceable. You can therefore see better Bitcoin as a pseudo-anonymous. Apart from the fact that you hear anything at all to do anything illegal, I certainly would not use in Bitcoin.
3. The Bitcoin currency can fluctuate violently, keep this in mind.
Grab a peek at the crypto exchange page, select period under "all" and then further explanation. This is necessary for beginners specially.
4. Invest money that you can not miss
We already know this rule of the stock market, but the spirit remains the same. Do not assume that Bitcoin will guarantee you rich and you realize that you can lose your invested funds.
5. Choose a good Bitcoin wallet
Safely store your Bitcoins is something you have to think carefully.
6. Use varied and complex passwords.
Many of us choose it out of sheer convenience of using the same (often simple) password for multiple sites. Hackers, however, easy passwords unfortunately easily crack or guess and a password can be stolen or drain etc. So, always open your accounts by the culprit of all this misery. So why use a complex and unique password for each account. If necessary, use password management software to safely store all your passwords.
7. Make back-ups!
Make regular backups of your bitcoins. Multibit and Bitcoin core both have available the option to create an encrypted backup of your wallet. Do this on a regular basis. Again, you will not be the first (or last) which are behind on a day when all his bitcoins away.
8. Beware of online Bitcoin wallets
Online bitcoin wallets are easy to use, but they also pose a risk. The online service can be hacked or go bankrupt and then the chances are very high that you will never again see your bitcoins. Preferably use the online service as a small money wallet and keep the bulk of your bitcoins on a hardware or wallet secure computer Bitcoin core or Multibit software. This of course combined with a good password and backups.
9. Check your address
If you want to send or receive bitcoin, check always the bitcoin address. Bitcoin payments are irreversible because so bitcoins sent to or received at the wrong address can be considered as lost. Some software or online services will also have the ability to determine the amount of the transaction itself, watch there as well along on!
10. Consider the tax
As Bitcoin is also be accepted more government agencies interfere. You must now specify for example, all your digital amount of money in the annual tax return and there will probably not stop there. So keep proper books and records and go but that the tax authorities or other governmental authorities sooner or later is being heard.
1. Bitcoin is an experiment: Educate yourself
Bitcoin is still in its infancy, make yourself aware of all the opportunities and all the risks. Inform yourself and choose a good Bitcoin wallet (electronic wallet) to save your bitcoins on.
2. Remember, Bitcoin is NOT anonymous
Contrary to what you may have heard Bitcoin is not anonymous. Bitcoin addresses are not linked to a person but the Bitcoin transactions, however, are completely transparent and traceable. You can therefore see better Bitcoin as a pseudo-anonymous. Apart from the fact that you hear anything at all to do anything illegal, I certainly would not use in Bitcoin.
3. The Bitcoin currency can fluctuate violently, keep this in mind.
Grab a peek at the crypto exchange page, select period under "all" and then further explanation. This is necessary for beginners specially.
4. Invest money that you can not miss
We already know this rule of the stock market, but the spirit remains the same. Do not assume that Bitcoin will guarantee you rich and you realize that you can lose your invested funds.
5. Choose a good Bitcoin wallet
Safely store your Bitcoins is something you have to think carefully.
6. Use varied and complex passwords.
Many of us choose it out of sheer convenience of using the same (often simple) password for multiple sites. Hackers, however, easy passwords unfortunately easily crack or guess and a password can be stolen or drain etc. So, always open your accounts by the culprit of all this misery. So why use a complex and unique password for each account. If necessary, use password management software to safely store all your passwords.
7. Make back-ups!
Make regular backups of your bitcoins. Multibit and Bitcoin core both have available the option to create an encrypted backup of your wallet. Do this on a regular basis. Again, you will not be the first (or last) which are behind on a day when all his bitcoins away.
8. Beware of online Bitcoin wallets
Online bitcoin wallets are easy to use, but they also pose a risk. The online service can be hacked or go bankrupt and then the chances are very high that you will never again see your bitcoins. Preferably use the online service as a small money wallet and keep the bulk of your bitcoins on a hardware or wallet secure computer Bitcoin core or Multibit software. This of course combined with a good password and backups.
9. Check your address
If you want to send or receive bitcoin, check always the bitcoin address. Bitcoin payments are irreversible because so bitcoins sent to or received at the wrong address can be considered as lost. Some software or online services will also have the ability to determine the amount of the transaction itself, watch there as well along on!
10. Consider the tax
As Bitcoin is also be accepted more government agencies interfere. You must now specify for example, all your digital amount of money in the annual tax return and there will probably not stop there. So keep proper books and records and go but that the tax authorities or other governmental authorities sooner or later is being heard.
A Look at the Adaptation of Crypto Payments with Worldwide Brands
A Look at the Adaptation of Crypto Payments with Worldwide Brands
Cryptocurrency has actually already been around for quite some time. The thing is that it was such an esoteric concept and framework that only especially tech-savvy people were interested at all.
And even then, it was only a very small sub-group among those especially tech-savvy individuals who decided crypto -- mostly Bitcoin, but also other alternatives like Litecoin and even Dogecoin -- was worthy of an investment. But in the last couple of years, cryptocurrency has really exploded onto the scene, so much so that regular folk and traditional companies can't help but to take notice. That being said, crypto can still feel like such an esoteric and confusing subject that can also feel so separate from real world applications. But that is changing too and crypto payments are being adapted such that they really do serve as a viable (and arguably more appealing) alternative to more traditional payment methods.
Cryptocurrency and Fiat MoneyBefore we dive deeper into how this all plays out in today's real world, we must first take a couple steps back to consider what money really means. You have to remember that the earliest forms of trade were based purely on the barter system. I'll trade my sack of fish for your beaver pelt. But what if I don't want a beaver pelt and I want something else? This eventually led to commodity money, like gold and silver coins. The coins themselves have a recognized, intrinsic value and could be used as currency for trade.
This way, the person you're trying to sell your sack of fish to doesn't actually have to have something you want. They just need gold or silver that you can then use to buy from someone else. This paved the way to modern fiat money where the currency itself doesn't have any intrinsic value of its own aside from what the government tells us it is worth. A $20 bill is worth $20, and not because of the material from which it's made or the ink that's been printed on it.
People who are skeptical of cryptocurrencies oftentimes bring up the argument that a "Bitcoin" isn't really "worth" anything in the real world, because it's not really tied to anything in the real world. But realistically speaking, neither is that $20 bill in your wallet. To help bridge the gap between an ethereal cryptocurrency and real world spending are services like Zeex, and by using services like Zeex, you can bypass fiat currency altogether. More Mainstream AdoptionFor quite some time, realistically speaking, the only way you could ever "spend" your cryptocurrency -- whether you bought it, invested in it, or mined it -- was to "cash" out and convert those digital coins into a standard currency like the Euro or the US dollar.
Times are changing and more and more mainstream companies are starting to accept them as payment. This is fueled largely because more and more of their customers have these coins on hand too and the ability to accept crypto as payment is still an advantage they can claim over most of their competitors. For example, you can use your Bitcoin to buy a domain name at Namecheap. By contrast, GoDaddy and HostGator (to my knowledge) do not accept Bitcoin. All else being equal, if you've got Bitcoin to spend, you may be more inclined to go to Namecheap based on that simple fact alone. Adoption is increasing, but it's not really there yet. Convenient Payments Today What can you do in the meantime without getting dinged by all sorts of bank fees and other charges?
There are a few places on the web where you can buy gift cards with Bitcoin, each with their respective strengths and weaknesses. When you've got a virtual gift card, which is effectively a corporate currency, that's almost as good as cash, except it is tied to a particular retailer. A shining example of how this can be expertly deployed is with Zeex, which I mentioned earlier above. With Zeex, you are able to purchase a variety of gift cards using your cryptocurrency, all without the need to convert to traditional fiat currency and all without paying unnecessary bank fees. A huge advantage here is that Zeex is a sister company of Zeek Group, which in turn provides Zeex users with ease access to some 350 major brands. Simple Three Step ProcessYou can effectively convert your cryptocurrency to spend directly on Amazon, Ticketmaster, Gap, Xbox, Foot Locker, Starbucks, and more.
What's more, when you purchase with Zix token, you can get the gift cards for less than their stated price, all with 0% fees, and the access level of a credit card with the privacy of crypto. It's a simple three-step process: * Deposit crypto into the Zeex app. * Use the app to convert crypto into gift cards. * Buy on any shop associated with Zeex's gift cards.Payment and delivery are validated simultaneously via the blockchain. Zeex leverages ECIES from the Ethererum platform so that purchasers can access their own private currency data even when it is still fully concealed from the public in the blockchain.
Cryptocurrency is delivered into the real world securely and privately, empowering users to shop where they're already shopping. Business that accept Bitcoin and other crypto platforms can benefit from this arrangement too, as they too can convert the Bitcoin they receive into gift cards: either their own or with a different seller. Again, this allows them to save on the bank fees associated with converting to fiat currency. Decentralized, Automatic, PrivateCryptocurrency isn't going to replaced all of the world's fiat currency overnight. This can also be seen if you currently read through any of the trending news headlines on any of the top cryptocurrency blogs on the internet today. Nor should it, necessarily.
But crypto payments are increasingly being adapted such that they are more relevant and more accessible to the general public who simply want to access these funds and spend them on products and services they already love and enjoy. But they also want to leverage all the advantages that crypto can deliver that conventional payments cannot. To learn more about this quickly evolving trend, read the extensive whitepaper on the subject by Zeex. There's a ton of very insightful and useful information in there.
And even then, it was only a very small sub-group among those especially tech-savvy individuals who decided crypto -- mostly Bitcoin, but also other alternatives like Litecoin and even Dogecoin -- was worthy of an investment. But in the last couple of years, cryptocurrency has really exploded onto the scene, so much so that regular folk and traditional companies can't help but to take notice. That being said, crypto can still feel like such an esoteric and confusing subject that can also feel so separate from real world applications. But that is changing too and crypto payments are being adapted such that they really do serve as a viable (and arguably more appealing) alternative to more traditional payment methods.
Cryptocurrency and Fiat MoneyBefore we dive deeper into how this all plays out in today's real world, we must first take a couple steps back to consider what money really means. You have to remember that the earliest forms of trade were based purely on the barter system. I'll trade my sack of fish for your beaver pelt. But what if I don't want a beaver pelt and I want something else? This eventually led to commodity money, like gold and silver coins. The coins themselves have a recognized, intrinsic value and could be used as currency for trade.
This way, the person you're trying to sell your sack of fish to doesn't actually have to have something you want. They just need gold or silver that you can then use to buy from someone else. This paved the way to modern fiat money where the currency itself doesn't have any intrinsic value of its own aside from what the government tells us it is worth. A $20 bill is worth $20, and not because of the material from which it's made or the ink that's been printed on it.
People who are skeptical of cryptocurrencies oftentimes bring up the argument that a "Bitcoin" isn't really "worth" anything in the real world, because it's not really tied to anything in the real world. But realistically speaking, neither is that $20 bill in your wallet. To help bridge the gap between an ethereal cryptocurrency and real world spending are services like Zeex, and by using services like Zeex, you can bypass fiat currency altogether. More Mainstream AdoptionFor quite some time, realistically speaking, the only way you could ever "spend" your cryptocurrency -- whether you bought it, invested in it, or mined it -- was to "cash" out and convert those digital coins into a standard currency like the Euro or the US dollar.
Times are changing and more and more mainstream companies are starting to accept them as payment. This is fueled largely because more and more of their customers have these coins on hand too and the ability to accept crypto as payment is still an advantage they can claim over most of their competitors. For example, you can use your Bitcoin to buy a domain name at Namecheap. By contrast, GoDaddy and HostGator (to my knowledge) do not accept Bitcoin. All else being equal, if you've got Bitcoin to spend, you may be more inclined to go to Namecheap based on that simple fact alone. Adoption is increasing, but it's not really there yet. Convenient Payments Today What can you do in the meantime without getting dinged by all sorts of bank fees and other charges?
There are a few places on the web where you can buy gift cards with Bitcoin, each with their respective strengths and weaknesses. When you've got a virtual gift card, which is effectively a corporate currency, that's almost as good as cash, except it is tied to a particular retailer. A shining example of how this can be expertly deployed is with Zeex, which I mentioned earlier above. With Zeex, you are able to purchase a variety of gift cards using your cryptocurrency, all without the need to convert to traditional fiat currency and all without paying unnecessary bank fees. A huge advantage here is that Zeex is a sister company of Zeek Group, which in turn provides Zeex users with ease access to some 350 major brands. Simple Three Step ProcessYou can effectively convert your cryptocurrency to spend directly on Amazon, Ticketmaster, Gap, Xbox, Foot Locker, Starbucks, and more.
What's more, when you purchase with Zix token, you can get the gift cards for less than their stated price, all with 0% fees, and the access level of a credit card with the privacy of crypto. It's a simple three-step process: * Deposit crypto into the Zeex app. * Use the app to convert crypto into gift cards. * Buy on any shop associated with Zeex's gift cards.Payment and delivery are validated simultaneously via the blockchain. Zeex leverages ECIES from the Ethererum platform so that purchasers can access their own private currency data even when it is still fully concealed from the public in the blockchain.
Cryptocurrency is delivered into the real world securely and privately, empowering users to shop where they're already shopping. Business that accept Bitcoin and other crypto platforms can benefit from this arrangement too, as they too can convert the Bitcoin they receive into gift cards: either their own or with a different seller. Again, this allows them to save on the bank fees associated with converting to fiat currency. Decentralized, Automatic, PrivateCryptocurrency isn't going to replaced all of the world's fiat currency overnight. This can also be seen if you currently read through any of the trending news headlines on any of the top cryptocurrency blogs on the internet today. Nor should it, necessarily.
But crypto payments are increasingly being adapted such that they are more relevant and more accessible to the general public who simply want to access these funds and spend them on products and services they already love and enjoy. But they also want to leverage all the advantages that crypto can deliver that conventional payments cannot. To learn more about this quickly evolving trend, read the extensive whitepaper on the subject by Zeex. There's a ton of very insightful and useful information in there.
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