Connect with us

Bitcoin

Ever Thought Buying Bitcoin Was Too Complicated?

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

Bitcoin has gained the greatest traction within the tech and financially savvy community. One of the reasons behind this is the perception that dealing with it is too intimidating and complicated for everyone else. As a result, there are a good number of individuals who would like to join the cryptocurrency bandwagon but hold back.

Many cite the lengthy processes required to create an account at a cryptocurrency exchange as a major challenge on the road to their first bitcoin purchase. On most exchanges, extensive paperwork is required to verify identity. There are also challenges with complex user interfaces, high transaction fees, and poor customer support. The risk of malicious attacks and the subsequent possibility of losing all holdings is yet another hurdle that crypto users have to contend with.

K-USB’s Answers to Crypto Purchase Challenges

A new startup known as K-USB claims to have the objective of making crypto available to the non-techie population by offering the easiest way to purchase BTC and ETH.

It is offering bitcoin gift cards as a simplified alternative to acquiring cryptocurrencies. Its bitcoin gift card purchase is comparable to that of buying a VISA gift card. Unlike most other methods of crypto purchase, this one does not require any activation process or exchange fee.

Orders can be placed using a credit card or PayPal account, and the 16GB Crypto USB stick can be delivered to any location worldwide.

Purchases are made online by selecting your choice of digital currency from the available options. Though the options are currently limited to Ethereum and Bitcoin, the company plans to expand its offerings in the future to include additional altcoins.

Current Price Lock-in

Once you select the crypto-coin of your choice, you immediately lock in the real-time price at that moment. Among the top highlights of the method is the fact that purchased funds are transferred to a USB hardware wallet. This is made possible by the creation of a wallet and inclusion of a crypto voucher.

Hardware wallets are considered one of the safest options for crypto users. They keep funds offline in cold storage and are therefore inaccessible to hackers. Additionally, this type of wallet does not require any computer downloads. Instead, it offers an easy and convenient plug-and-play option.

After the purchase, a buyer will receive a confirmation email message showing the gift card amount and the security code. The company then sends the hardware wallet physically to the bitcoin buyer.

Compatible with Windows and Mac operating systems, the wallet can be accessed on most PCs to view or redeem the crypto voucher. Simply enter the redemption code when prompted to access the wallet. In order to activate the code, a buyer needs to connect the device to a PC with internet connection and follow an intuitive set of prompts.

Once redeemed, the device will function like any other cryptocurrency wallet allowing you to make same crypto deposits and withdrawals with ease. When not in use, you can store the device in a safety deposit box or any other secure place. Moreover, there is no expiry date for the gift voucher and as such, it can be redeemed at any convenient time.

Every device comes with a set of instructions. One of the most important ones is the requirement to write down the wallet’s private key and store it separately from the device. The essence of it is so that if the device is misplaced or gets lost, you can use the key to access your funds again.

No Exchange Fees

Current pricing for the purchase is $200. Most crypto purchase platforms are known to charge exchange fees which vary depending on the platform and the crypto-coin in question while K-USB only charges for the hardware wallet.

For purchasers, therefore, this means that one receives $200 worth of crypto, less the cost of the device ($30) and network fees. Network fees apply for all blockchain transaction facilitating the transfer of crypto coins from one wallet to another. They vary from one network to the next and depend on the level of traffic. But they usually will not exceed a few dollars.

Could this perhaps be the long-awaited answer to the non-tech savvy crypto enthusiasts hoping to join the bandwagon? If you have always wanted to buy crypto but thought the process was too complicated, this might be the perfect solution! For more information, check out the website.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Bitcoin

Trusted Crypto Tumbler To Protect Your Wealth

Published

on

crypto tumbler
READ LATER - DOWNLOAD THIS POST AS PDF

Back when Bitcoin originally emerged, over 11 years ago at this point, cryptocurrency transactions were believed to be fully anonymous. This belief stuck around for years to come, but today, we know that, in most cases — this is no longer the truth.

Since the invention of blockchain explorers, it became possible to track every Bitcoin transaction, all the way back to the genesis block. This came as a part of blockchain transparency which promises to eliminate corruption, theft, and other such issues.

However, there is still a need for a certain level of privacy, as people like to keep their wealth to themselves, and not let everyone know how much money they have, or how much they sent for whatever purpose. This is why many are now using crypto tumblers, or mixers.

What do crypto mixers do?

As the name suggests, crypto mixers/tumblers mix up the coins in order to hide/disguise/make it difficult to discover where the coins came from. Things like the amounts, transactions, and wallet addresses to and from which the coins travel are fully traceable, which is why tumblers exist.

In a way, you could say that mixers can add an extra layer of privacy while using Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies. There are many Bitcoin mixers Continue Reading

Bitcoin

5 Best Places to Bet with Bitcoin

Published

on

places to bet with Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

It seems like BTC is always making headlines for one reason or another.

When the market points towards bullish behavior Bitcoin is all the rage. When there is so much long action (going on right now) and then the price plummets, BTC also dominates the headlines. The same goes for legislation and when any new crypto product or platform comes out. It’s always compared against BTC.

So with BTC fever in full swing, sportsbooks around the world have adopted digital currencies as one of their main forms of funding accounts and paying out winnings. And with sports betting legalized in states across the USA, both BTC and legal online gambling are in the limelight. 

But where are the best places to bet using BTC and other cryptos? Furthermore, why would you want to use BTC, LTC, or Ethereum in this manner?

The Why

The principal reason why you would want to use cryptocurrencies in your ‘sports investing’ ventures is speed, cost, security, and bonuses.

When you use cryptos like BTC (BTX) to move money in and out of your account. You bypass the standard centralized banking system which drastically improves on both the speed of the transaction and the cost of the transaction – this is especially true with payouts. 

Continue Reading

Bitcoin

Bitplaza Inc Introducing Cryptocurrency to Retail

Published

on

BitPlaza
READ LATER - DOWNLOAD THIS POST AS PDF

Even though influential companies are not ready to validate cryptocurrencies as a stable form of money, Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe.

Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the…

Continue Reading

Press Release