Connect with us

Bitcoin

Ever Thought Buying Bitcoin Was Too Complicated?

Published

on

Bitcoin

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

Bitcoin Price Dumps Below $41,000 Amid Uncertainty

Published

on

By

Bitcoin price dumped hard on Monday, briefly slipping below $41,000, erasing gains recorded in the previous week. The premier cryptocurrency seems to have exhausted its recent rally propelled by industry vulnerabilities. At the time of writing, the world’s largest cryptocurrency was trading slightly lower at $41,385. Bitcoin’s total market cap has dipped by 2% over the past day, while the total volume of BTC tokens traded over the same period climbed by 58%.

Fundamentals

Bitcoin price has been facing retracements and a rollercoaster over the past few days after recently rocketing to a 20-month peak. On-chain data has suggested that many investors used the opportunity to take some profits, leading to a decline in the asset’s price.

Bitcoin’s price slump is mirrored in the wider crypto market, with the global crypto market cap decreasing by 1.85% over the past 24 hours to $1.55 trillion. The total crypto market volume has increased by 32% over the same period. The Crypto Fear and Greed Index has plunged from a level of extreme greed to a greed level of 70, suggesting a decline in risk appetite.

Ethereum, the largest altcoin by market capitalization, is currently trading at $2,167, down almost 3% for the day. Meme coins have been hit hard by the market slump, with Dogecoin and Shiba Inu down by more than 4% over the last day.

Last week on Thursday, cryptocurrency experts took notice of…

Continue Reading

Bitcoin

Bitcoin Price is in Consolidation Mode Despite Market Optimism Post-Fed Decision

Published

on

By

Bitcoin price edged lower on Thursday despite optimism in wider markets on the back of the Fed’s interest rate decision. The flagship cryptocurrency has been consolidating above the critical level of $42,000 after briefly topping $44,000, its highest level in 20 months. Bitcoin was trading 0.71% lower at $42,569 at press time. BTC’s total market cap has increased by more than 3% over the last day to $832 billion, while the total volume of the asset traded over the same period jumped by 22%.

Economic Outlook

Bitcoin price has been trading sideways over the past few days, suggesting a pause in its recent rally towards $45,000. The premier cryptocurrency has decreased by 4% in the past week but remains 15.22% higher in the month to date. The digital asset has staged a significant recovery this year after a torrid 2022 in which a string of scandals, including the collapse of FTX, led to a market meltdown, undermining the credibility of the sector.

The crypto market has been buoyed by the Fed’s latest interest rate decision. The US Federal Reserve on Wednesday held its key interest rate unchanged for the third consecutive time, in line with market expectations. With the easing of the inflation rate, members of the Federal Open Market Committee (FOMC) voted to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.

Additionally, the central bank indicated that three rate…

Continue Reading

Bitcoin

Bitcoin Price Blasts $44K in Spectacular Surge as Spot Bitcoin ETF Approval Looms Large

Published

on

By

Bitcoin price has been hovering above the $43,000 psychological level over the past two days amid anticipation about the potential approval of a spot bitcoin ETF. The flagship cryptocurrency has climbed more than 16% in the past week and nearly 170% in the year to date. Bitcoin’s total market cap has increased by nearly 5% over the past 24 hours to $858.9 billion, while the total volume of the token traded rose by 43%. The Bitcoin price was trading at $43,914 at press time.

Fundamentals

Bitcoin price has posted significant gains over the past few days, climbing to its highest level since April 2022, before the crash of a stablecoin that started a litany of company failures, pummeling crypto prices. The world’s largest cryptocurrency briefly topped the crucial level of $44,000 on Wednesday amid rising momentum despite being massively overbought.

According to analysts, with no spot bitcoin ETF approvals yet and the halving event five to six months away, the market is riding on FOMO. Capital has been flowing in the Bitcoin market amid enthusiasm that the launches of spot ETF will bring in billions of dollars of new investment into the crypto sector.

Investors have already started providing capital as seed money for ETF products. Notably, a recent report by CoinDesk showed that the world’s largest fund manager, BlackRock, received $100,000 in capital from a seed investor for its spot bitcoin exchange-traded fund…

Continue Reading

Trending