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Ever Thought Buying Bitcoin Was Too Complicated?

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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.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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