Hey folks. I built a tool to calculate the conversion rate between different cryptocurrencies. I’ve been into crypto since about 2014. Recently when analysing coins I wanted to calculate the conversion rates between two coins that are not actually trading pairs. So for example how many Dash you get to a Ripple. I couldn’t find a tool to do this online and so I built my own. It’s live now at http://satoshiprices.com This is the first iteration of the tool, so I’d love a bit of feedback. Would anyone find this useful? How could it be better? Is there anything wrong with it? Thanks for taking the time to read this (and hopefully checking out the site).
[uncensored-r/CryptoCurrency] I built a crypto exchange rate calculator
The following post by rainbowWar is being replicated because some comments within the post(but not the post itself) have been openly removed. The original post can be found(in censored form) at this link: np.reddit.com/ CryptoCurrency/comments/7v78e8 The original post's content was as follows:
Hey folks. I built a tool to calculate the conversion rate between different cryptocurrencies. I’ve been into crypto since about 2014. Recently when analysing coins I wanted to calculate the conversion rates between two coins that are not actually trading pairs. So for example how many Dash you get to a Ripple. I couldn’t find a tool to do this online and so I built my own. It’s live now at http://satoshiprices.com This is the first iteration of the tool, so I’d love a bit of feedback. Would anyone find this useful? How could it be better? Is there anything wrong with it? Thanks for taking the time to read this (and hopefully checking out the site).
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:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute. Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here. Potential upcoming protocol improvements and scaling resources here and here. The number of times Bitcoin was declared dead by the media can be found here (LOL!)
Key properties of Bitcoin
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.
Trustless - Bitcoin solved the Byzantine's Generals Problem which means nobody needs to trust anybody for it to work.
Secure - Encrypted cryptographically and can’t be brute forced or confiscated with proper key management such as hardware wallets.
Programmable - Individual units of bitcoin can be programmed to transfer based on certain criteria being met
Nearly instant - From a few seconds to a few minutes depending on need for confirmations. Transactions are irreversible after one or more confirmations.
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).
Scalable - While the protocol is still being optimized for increased transaction capacity, blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin.
Divisible - Each bitcoin can be divided down to 8 decimals, which means you don't have to worry about buying an entire bitcoin.
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.
Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
There are several benefits to accepting bitcoin as a payment option if you are a merchant;
1-3% savings over credit cards or PayPal.
No chargebacks (final settlement in 10 minutes as opposed to 3+ months).
Accept business from a global customer base.
Increased privacy.
Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it.
If you are interested in accepting bitcoin as a payment method, there are several options available;
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.
Earning bitcoins
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.
Bitcoin-Related Projects
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:
Unit
Symbol
Value
Info
bitcoin
BTC
1 bitcoin
one bitcoin is equal to 100 million satoshis
millibitcoin
mBTC
1,000 per bitcoin
used as default unit in recent Electrum wallet releases
bit
bit
1,000,000 per bitcoin
colloquial "slang" term for microbitcoin (μBTC)
satoshi
sat
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:
0.001 BTC
1 mBTC
1,000 bits
100k sats
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!
Story time from somebody who wanted to test out Nexo loans. Feel free to share thoughts in the comments below, but the purpose of this story is just to serve as a warning for anybody considering a serious Nexo loan (like 20k+) be prepared for crazy fees, and extreme difficultly paying back the loan in USD to avoid fees as an American. I put about 100k USDC to try out Nexo. 8% interest was going well, and it was all pretty cool. I read on all the DeFi lending opportunities (significantly higher interest) and started deploying that capital across a few projects to test and see which are legit etc. (For those of you curious, after a month of research, on the yield side of things, I decided adding liquidity to Uniswap's ETH-USDC pool is appropriate for my risk appetite, and that the APY is 30%+. On the loan side of things, Maker DAO's ETH CDP loans are 0% currently, instant and painless. Its really an amazing experience.) I also decided to test out the different loan providers (meaning I took out loans) on the DeFi side of things as well as the Nexo side of things. I had about 35k USDC leftover in Nexo with almost the max I could borrow (~32k?) And then the nightmare began.
Originally I assumed that I would be collecting interest on all my assets in Nexo, but there's the two different wallets (savings, and credit) so of course no more interest yield anymore when I tried doing a loan. Ok.
I learned that Nexo market sells the crypto you use for loan repayment on some unknown exchange they refused to tell me "for security reasons." Try market selling 32k of crypto, you're gonna have slippage on pretty much every market I can think of. Ok... The reason why letting me know what exchange is so that I can calculate the slippage on my order on the market they would sell on and decide if I want to continue with the repayment method or not.
Nexo charges a fee for the sell order (0.26% if I recall correctly from one of my many customer support conversations.) Well thats getting pretty scammy, in my opinion.
Only after I tried repaying the loan (as opposed to before taking a loan) Nexo kindly informs us on the dashboard UI that they will automatically charge the full first month of loan interest "so that the loan system is used as intended" or something like that. Icing on the cake. Seems unnecessary to me. Nice.
About three weeks go by and now I'm in a bind trying to pay this back, because I could realistically be looking at 2-3% in slippage, 0.26% in transaction fee, and about 1% in loan interest after the first month here. That's about $1,363.20 in costs out the gates for a 32k loan, which was not made clear before pulling out the loan. I had to find bits and pieces of this over my many customer support conversations. Fine. So I start researching how to make this cheaper. So I decide, hey, I'll repay in USD because no slippage, no transaction fee. That removes tons of ambiguity. This is the perfect solution. ... Nexo says that ACH transfers have to be done from an account matching my name exactly. I bank with one of the biggest US banks (I'll leave out those details so my bank doesn't get social engineered!) they say that ACH is only available under my business account (with of course, my business's name not my personal name) so I must use the "bill pay" feature, which normally does "echecks" if the recipient is "in the system." With my luck, Nexo was not, so they had to cut a physical check. Ok. 7 full days go by, my bank said they cancelled the check because I didn't confirm it. Turns out I had the notification for this specific thing disabled. That sucked. Okay I try again. Meanwhile, almost every day since the second check was sent I followed up with my bank to make sure things work out smoothly. Okay, great, check is to arrive Friday the 21st. Friday the 21st comes, and I follow up with Nexo support. They basically say "hey well for checks we physically have to go through them and everybody is out of office now...so you'll have to wait another 2-3 business days." I was pissed at this point but told them okay and that I'll follow up. Bear in mind I'm accruing another month of interest, which increases the pressure for me here. So I follow up on Monday and they say they haven't gotten anything, and that I need "official information" on the details of the check. I tell them everything I can read off the bank's app and they say its not good enough. I check with my bank and they say its delivered. I ask my bank if they can deal with Nexo directly, and they said yeah over the phone. I also ask for "official details" on the payment and the bank provides that for me. Great. I go back to Nexo and below is the latest correspondence. What I want to point out here is how dodgy I think the support is, and how they make 0 concessions on extreme cases such as mine. I think this was the seventh support person I spoke with during the entire repayment. Every conversation went similar to this, but with me being more and more irate.
Chat started on 26 Aug 2020, 08:27 PM (GMT+0) (08:27:13) *** Alexander V. Pavlovcik joined the chat *** (08:27:13) Alexander V. Pavlovcik: I need a phone number so my bank can call you because I’ve been trying to make a payment for the last three weeks to you guys. You claim to never have gotten them and you’re charging me interest (08:27:14) Alexander V. Pavlovcik: I need a phone number so my bank can call you because I’ve been trying to make a payment for the last three weeks to you guys. You claim to never have gotten them and you’re charging me interest (08:27:14) Alexander V. Pavlovcik: I need a phone number so my bank can call you because I’ve been trying to make a payment for the last three weeks to you guys. You claim to never have gotten them and you’re charging me interest (08:27:15) Nexo Customer Support: Hi Alexander V. Pavlovcik! Welcome back. Thanks for your message, please wait a moment while one of our agents attend to you. (08:27:16) *** Nexo Bot joined the chat *** (08:27:16) Nexo Bot: Hello from Nexo RoBot! (08:27:16) Nexo Bot: Hello from Nexo RoBot! (08:27:17) Nexo Bot: Unfortunately, I am unable to understand your question. Please try to rephrase it or choose one from the list below. (08:27:17) Nexo Bot: Please let me know how can I help you today? You can also click on the suggested replies. (08:27:17) Nexo Bot: I am all ears. (08:27:17) Nexo Bot: Please let me know how can I help you today? You can also click on the suggested replies. (08:27:18) Nexo Bot: I will do my best to assist you today. Please ask one question at a time. (08:27:18) Nexo Bot: I will do my best to assist you today. Please ask one question at a time. (08:27:46) Alexander V. Pavlovcik: Human agent (08:27:49) Nexo Bot: Would you like me to transfer you to my human colleague? (08:27:52) Alexander V. Pavlovcik: yes (08:27:54) Nexo Bot: Please give me a min to start the transfering process. (08:27:55) Nexo Bot: … (08:28:27) Alexander V. Pavlovcik: OK (08:28:30) Nexo Bot: Let me check if someone is available. Is that OK with you? (08:28:32) Alexander V. Pavlovcik: OK (08:28:35) Nexo Bot: I can confirm that one of my human colleagues is available. I am transfering this conversation to him/her. (08:28:35) Nexo Bot: Thank you for chatting with me. (08:28:35) *** Nexo Bot has transferred chat to Support *** (08:28:37) Nexo Bot: One of my co-workers will be with you shortly. (08:28:53) *** Beyhan joined the chat *** (08:28:55) Beyhan: Hello Alexander V. Pavlovcik and Welcome to Nexo Support! My name is Beyhan. I will be assisting you today. (08:29:44) Alexander V. Pavlovcik: Ok (08:29:53) Alexander V. Pavlovcik: I need a phone number so my bank can call you because I’ve been trying to make a payment for the last three weeks to you guys. You claim to never have gotten them and you’re charging me interest (08:30:14) Beyhan: We do not offer over-the-phone support, unfortunately. (08:30:49) Alexander V. Pavlovcik: what the hell am I supposed to do now (08:31:20) Alexander V. Pavlovcik: Check my transcript so you can get up to speed from the last three weeks (08:31:31) Alexander V. Pavlovcik: Visitor uploaded: list.pdf URL: [[url redacted for reddit]] Type: application/pdf Size: 179195 (08:31:48) Alexander V. Pavlovcik: Here’s proof of payment I need credit to my account (08:31:49) Beyhan: You can email us at [support@nexo.io](mailto:support@nexo.io) if you have not contacted us there before. (08:31:53) Alexander V. Pavlovcik: man (08:31:59) Alexander V. Pavlovcik: its been three weeks (08:32:09) Alexander V. Pavlovcik: i have two threads on email (08:32:40) Alexander V. Pavlovcik: This is the second check to go out (08:34:01) Beyhan: I am unable to find any emails, can you provide your email address? (08:34:14) Alexander V. Pavlovcik: [[redacted]] (08:34:24) Alexander V. Pavlovcik: This is the second check to go out (08:34:32) Alexander V. Pavlovcik: [[redacted]] (08:34:39) Alexander V. Pavlovcik: These messages are failing to send (08:35:08) Beyhan: I see you emailed us 15 minutes ago with the document we required. (08:35:13) Beyhan: Our team will email you soon. (08:36:00) Alexander V. Pavlovcik: I need some type of phone number for my bank to at least try and speak with somebody on your end before stopping the check (08:36:16) Alexander V. Pavlovcik: i already tried for three weeks and nothing has been done (08:36:41) Beyhan: You can let the team working on your case know about this once they reply to your last email. (08:37:01) Alexander V. Pavlovcik: what about this interest im being charged (08:37:28) Beyhan: Unfortunately, I'm unable to comment on that before the case has been resolved. (08:37:44) Alexander V. Pavlovcik: The interest is part of the issues to be resolved (08:37:59) Alexander V. Pavlovcik: The first issue obviously is the payment situation (08:38:02) Alexander V. Pavlovcik: the second is the interest (08:38:12) Alexander V. Pavlovcik: I need my money back (08:38:17) Beyhan: Great, hopefully, our team will help you out very soon. (08:38:24) Alexander V. Pavlovcik: its been three weeks man (08:38:33) Alexander V. Pavlovcik: how about you transfer me to somebody who can help (08:38:59) Beyhan: But it's not like our team hasn't been responding to your emails. (08:39:14) Beyhan: Unfortunately, the team behind your case isn't available for chat. (08:39:17) Alexander V. Pavlovcik: Its circumlocution at best (08:39:40) Alexander V. Pavlovcik: I dont care about that team they obviously havent been capabale (08:39:55) Alexander V. Pavlovcik: I need to speak with a higher up who can actually do something about the issue (08:40:02) Alexander V. Pavlovcik: at least stop the scammy interest on it (08:40:14) Alexander V. Pavlovcik: its very clear i have the funds and have tried to pay it back (08:40:36) Alexander V. Pavlovcik: if you guys refuse to accept an ACH transfer from my business account thats on you (08:40:38) Beyhan: Unfortunately, only I am available on chat at the moment. Our team will review your last email very soon - we will just need your patience. (08:40:46) Alexander V. Pavlovcik: and if you refuse to speak with my bank on the phone thats also on you guys (08:41:47) Beyhan: We do not offer over-the-phone support at the moment, unfortunately. (08:41:57) Alexander V. Pavlovcik: I saw your earlier message (08:42:08) Alexander V. Pavlovcik: like i said, thats on you guys not me or my bank (08:42:28) Alexander V. Pavlovcik: as a consequence i shouldnt have to pay the price for your refusal of phone support (08:42:40) Alexander V. Pavlovcik: in this case thats $200-$300 in interest (08:42:45) Alexander V. Pavlovcik: thats a scam (08:43:25) Alexander V. Pavlovcik: Whats the address for nexo? (08:43:38) Beyhan: Sir, please try to remain calm and wait for the resolution of the case. (08:43:58) Alexander V. Pavlovcik: Where is nexo incorporated (08:44:10) Beyhan: Nexo is a European company. (08:44:14) Alexander V. Pavlovcik: yeah i know (08:44:17) Alexander V. Pavlovcik: whats the address (08:44:54) Beyhan: The Nexo Group has legal entities in various locations throughout the world, in order to services 200+ jurisdictions in the most efficient manner and is in compliance with all applicable global and local regulations. https://support.nexo.io/hc/en-us/articles/360008236853-Where-is-Nexo-registered-and-is-it-regulated- For more information, you can email us at [support@nexo.io](mailto:support@nexo.io) (08:45:27) Alexander V. Pavlovcik: Ok (08:45:35) Alexander V. Pavlovcik: That was another roundabout answer (08:45:37) Alexander V. Pavlovcik: im in the united states (08:45:42) Alexander V. Pavlovcik: who am i reaching out to (08:45:49) Alexander V. Pavlovcik: with my bank (08:45:59) Alexander V. Pavlovcik: and eventually legal representation (08:46:08) Beyhan: Again, please wait for our team's responce. (08:46:11) Beyhan: response*. (08:46:31) Alexander V. Pavlovcik: so you’re not going to give me a direct answer on the united states entity (08:46:42) Alexander V. Pavlovcik: Its contact information / address (08:47:12) Beyhan: For more information on that you can email [support@nexo.io](mailto:support@nexo.io) or reply to the next email you receive from us. (08:47:17) Alexander V. Pavlovcik: no (08:47:18) Alexander V. Pavlovcik: im asking you (08:47:30) Beyhan: I'm unable to provide that over chat. (08:47:31) Alexander V. Pavlovcik: so you’re not going to give me the address (08:48:04) *** Alexander V. Pavlovcik has rated the chat Bad *** (08:48:04) *** Alexander V. Pavlovcik has commented: Nexo is a scam *** (08:48:04) *** Alexander V. Pavlovcik left the chat ***
I'm kinda ok with MCO -> CRO Swap; a indepth personal view
EDIT: this post https://www.reddit.com/Crypto_com/comments/i2yhuz/open_letter_to_kris_from_one_of_cdcs_biggest/ from u/CryptoMines expresses my sentiments and concerns better than I could ever put into words myself. I'd say read his/her post instead. Very long post ahead, but TL;DR, I actually see this swap as a positive change, despite fearing for what it may do to my portofolio, and having mixed feelings about its consequences on CDC reputation.Before I start, for the sake of context and bias, here's my personal situation as a CDC user:
I'm just a average Joe, with a 500 MCO Jade card. I bough 50 MCO at 5,22€ in September 2019 and staked for Ruby, then bough 440 MCO at 2.47€ in March 2020 and upgraded to Jade. The total amount of MCO I own is currently 515, and everything above the 500 stake is cashback rewards.
I bought MCO exclusively for the card and bonus Earn interest benefits, and had no plans to unstake my MCO. Now with the swap, definetly won't unstake.
The MCO -> CRO conversion rates increased the fiat value of my MCO in about 1000€.
I own a decent amount of CRO, wich I bought at ~0,031€ in March 2020.
The country where I live is crypto friendly and completely crypto-tax free; I only have to pay income tax if I deposit a certain threshold of fiat in my bank.
Take all these factors into account as possible (if not major) influencers or bias on my opinions; both the emotional and economical ones. Call me a fool or a devil's advocate if you want, but keep your torches and pitchforks down. As we say here on Reddit: "Remember the human".----------------------------------------------------------------------------------------------------------------------------------------------------- Like all of you, I woke up to find this anouncement, wich came right the #&@ out of nowere, and gives you little to no options. Good or bad, this announcement arrived as basicly a "comply or die" choice. Emotionally, this came as both terrifying and disgusting; but rationally, I cannot blame CDC for it. Because wether we like it or not, CDC is a centralized company, and the MCO tokens were never a stock or legally binding contract; something wich pretty much every crypto company or ICO warns in their T&C and risk warnings. Not to mention the mostly unregulated status of the cryptocurrency and. I'll call this "dishonest" any day, but I cannot see it as a "scammy" since I can't see how they broke any rules or terms. A scammer would take your money/assets away, but CDC is offering you to swap it for another asset wich you can sell right away if you want. And at current price, it is still worth more or less as much fiat as MCO cost at the 5 $/€ wich was more or less the comunity standard used for calculating the card prices. And by that, I mean that the fiat value of 50/500/5000 MCO (as CRO) is actually not far from the 250/2500/25'000 $/€ that the comunity commonly used as standard when calculating the ROI and (under)valuation of MCO. So CDC is at least trying to give us the option to get (some) our money back, and not at a unfair rate. If you happened to buy MCO at a price higher than this, I can't see how that's CDC's fault, just as I don't see anyone blaming Bitcoin or Altcoins for getting them stuck at the top of the 2017 bubble burst. I read many posts in this reddit calling this a "backstab" and "betrayal" of early investors and for the people who "believed in MCO". Emotionally, I share your sentiment.But after thinking it for a while, I'd say this was actually very rewarding for early investors and long term MCO supporters. As CDC clearly sates in the swap rules; nobody is going to lose their card tier or MCO stake benefits (at least not yet), and your stake DOES NOT unstake automatically after 180 days. Actually, so far they never did unstake automatically, you had to manually unstake yourself. With this in mind, everyone who already got their cards, or at least staked MCO to reserve one, basicly got them 3-5 times cheaper than future users; and IMHO, now the $/€ price of cards feels more fair and sustainable compared to their benefits.So in a sense, everyone who supported and believed on the MCO for its utility (i.e. the card and app benefits) has been greatly rewarded with perks that they get to keep, but are now out of reach for a lot of people.Likewise, the people who believed and invested in CRO (for whatever reason), have also been rewarded, as their CRO tokens now have more utility. So either the price of CRO crashes down to around 0.05 $/€, or the people who bought MCO/CRO early or cheap are now massively benefited. But then again, so is everyone who bought or mined Bitcoin in its early days, or invested in Bitcoin at crucial points of its history... how is that unfair? Some people bought Ethereum at 1'400 $ on a mix of hopes/promises that it would continue to rise; it didn't. And even today with DeFi and ETH 2.0 ever closer, it is still far from that price. And I know what some of you are thinking: "The cards aren't avaiable in my country yet, that's why I didn't buy/stake."Well, they weren't avaiable in my country either when I staked 50 MCO. Heck, the cards weren't avaiable in anyones country when MCO started, but many people still bought it and staked it. That's exacly what "early adopter", "long supporter" and "believing in MCO" means. On the other hand, the people who invested on MCO as a speculative asset and decided to HODL and hoard MCO, hoping for its price to moon and then sell MCO at big profit, had their dreams mercilessly crushed by this swap... and good lord, I feel their pain.But this is also where I'll commit the sin of being judgemental, because IMHO, speculating on MCO never made any sense to me; MCO was a utility token, not a value token, so it should not (and could not) ever be worth more than the value of its utility. That's basicly how stablecoins and PAXG are able to stay stable; because nobody will pay more/less than the value of the asset/service they represent. Tough now that I'm looking at the new card stake tiers in CRO, I have to give credit to the MCO hodlers I just now criticised; maybe you were right all along. Unless the price of CRO crashes or corrects, I wich case, I un-rest my case. One thing I'll agree with everyone tough, is that I fell that CDC just suckerpunched it's comunity. Because even if we have no vote on its decisions (wich again, we aren't necessarily entitled to, since they are a privante and centralized business) they should/could have warned that this was in their plans well in advance; if anything to allow those who wouldn't like it to exit this train calmly. Also the CRO stake duration reset. The mandatory reset of your CRO stake for taking advantage of the early swap bonus feels like another gut-punch. ----------------------------------------------------------------------------------------------------------------------------------------------------- Now that we got emotional feelings out of the way, here's my sentiment about how this will affect the overall CDC ecossystem. One common criticism of the sustainability of MCO was that its supply cap could never allow a large number of cards to be issued, and how could CDC keep paying the cashbacks and rebates. On the oposite corner, one of the major criticisms of the sustainability of CRO, was it's ridiculously huge supply cap and inflation caused by the gradual un-freezing and release of more CRO into the system. But now that MCO and CRO became one, it might just have made both issues more sustainable. Now the huge supply cap of CRO makes more sense, as it allows a much larger number of future users to stake for cards (at higher costs, but still). And because most card cashback is small parcels, this large supply also ensures that CDC can keep paying said cashbacks for a long time; especially since it can be semi-renewable trough the trading fees we pay in CRO. Before this, the MCO you got as cashback had no use, other than selling it for fiat or speculate on its price. But CRO can be used, at the very least, to receive a discount on trading fees. And everytime you pay trading fees in CRO or spend CRO on a Syndicate event, some of that CRO goes back to CDC, wich they can use to keep paying the cahsback/rebates. And keep in mind, the technicalities of CRO can be changed, as well as the perks and utilities it can be used for. So even if this current model doesn't fix everything (wich it probably doesn't) it can still be changed to patch problems or expand its use. Another obvious potentially positive outcome of this, is that now CDC only has to focus on 1 token, so it makes it easier to manage and drive its value. People complained that CDC was neglecting MCO over promoting CRO, but now they can focus on both services (cards/exchange) at the same time. Sure, this might not bring much advantage to the common customer, but its probably a major resource saver and optimizer at corporate levels; wich in the long term ultimately benefits its customers. Much like Ethereum is undergoing major changes to ensure its scalability, the crypto companies themselves also have to change to acommodate the growing number of users, especially as the cryptomarket and DeFi are growing and becoming more competitive. Business strategies that were once successfull became obsolete, and exchanges that once held near-monopolies had to adjust to rising competitors. There is no reason why CDC shouldn't keep up with this, or at least try to. Point is, the financial markets, crypto or otherwise, are not a status quo haven. And when something is wrong, something has to be changed, even if it costs. The very rise of cryptocurrencies and blockchain, wich is why we are here in the first place, is a perfect example of this, as it experiments and provides alternatives to legacy/traditional products and technologies. Was this the best solution to its current problems? Is this what will protect us as customers from a potentially unsustainable business model? I have no idea. This change ripped me too from my previous more or less relaxed status quo (the safety of the value of the CRO I bough for cheap), along with CRO late investors wich now probably fear for the devaluation of their CRO. To say nothing of the blow this represents for my trust (and I believe everyone elses trust) on CDC and its public relations. It's not what CDC did, it's how they did it. ------------------------------------------------------------------------------------------------------------------------------------------------ Wether you actually bothered to read all I wrote or just skip everything (can't blame you), I'm eager to hear your opinions and whatever criticisms on my opinions you may have. If you just want to vent at me, you are welcome too; now you can raise your pitchforks and torches.
Crypto.com Visa Card: $50 bonus, Free Spotify, 10% cashback on groceries, 1-5% on everything else
Crypto.com changed the conditions for their Visa card earlier this month making it much cheaper to get one. The cards no longer work with their old MCO cryptocurrency but with their newer CRO coin that they also use for their other products. For the Ruby Steel card tier you now need to buy CRO coin for ~ £129 / €144 and hold it for 6 months (they call it 'staking'). With this tier you get Spotify for free, 10% cashback on groceries, 2% on all your other purchases and a $50 sign-up bonus in CRO coin that you can cash out right away. You can easily recoup the initial cost in less than 4 months (see calculation below) and after that you can still use the benefits. Important note: you don't need to put crypto on the card, you can just load it with GBP and spend it! (For those who already have the card, here are the details of the MCO Swap programme in which your MCO is exchanged for CRO with a 20% bonus) I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 and now they have 3 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The Crypto.com Visa card
Through their app Crypto.com also offers a Visa card. This is a debit Visa card tied to the CRO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of September: 10% cashback at Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the CRO cryptocurrency. You can immediately sell the CRO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy CRO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of CRO is currently around £0,129 / €0,144, meaning that you have to lock £129 / €144 for six months to get the Ruby Steel card. You can earn this back in less than 4 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
1000 CRO (~ £129 / €144)
10000 CRO (~ £1440 / €1360)
Bonus after staking
None
$50 (in CRO)
$50 (in CRO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (less than 4 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of £1000 / €1000 monthly with the card and that you use Spotify. After less than 4 months you will have earned back your initial investment :) But, additionally you also have the extra 10% back on groceries until the end of September and the worth of your CRO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of £64 / €72 which you could add to the value mentioned in the table below (see below about price expectation) .
Value
$50 bonus immediately after staking
£38 / €42
2% cashback on all purchases with the card (assuming montly spend of £1000 / €1000 during 4 months)
£80 / €80
Spotify rebate (£10 / €10 per month)
£40 / €40
Total
£158 / €162
CRO Value
Cryptocurrencies can be volatile, which means that the price can sometimes rise or fall quickly. So keep that in mind if you use a product like this. I personally think that the risk is now limited, because the price of the card has decreased and you can recoup it quite quickly.
Notes
There were some problems with the delivery time in the past, these now seem to be resolved and most people receive the card within 2 to 3 weeks. Problems with long waiting times at customer service also seem to be resolved.
You can easily top up your Crypto.com Visa card with pounds/euros using a credit/debit card without any fees.
All bonuses and cashbacks are paid in CRO coin. You can immediately sell them through the app for pounds/euros (minimum 140, which is around £18). You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
You can transfer money in and out the Crypto.com app without fees using UK Faster Payments (GBP) or SEPA transfer (Euro).
If you want to upgrade to a higher card level, the costs are £/€ 50 (unless your card hasn't shipped yet).
If you want to cancel your card you pay £/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of £/€ 5 per month will be charged if you have available balance on your card.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your Crypto.com card and get cashback for them!
SmartCon will feature the top minds and builders of smart contracts and celebrate our incredible community, thriving ecosystem & cutting-edge research. Experience a mix of keynotes, panel discussions, live demos, developer workshops, and networking with the community. We made registration complimentary so everyone can participate. New Speakers announced this week include:
Loong Wong (CTO of Ren Protocol)
Ryan Sean Adams (Founder of Bankless)
Anthony Sassano (Set Protocol & Founder of ETH Hub)
We’re excited to launch the Chainlink Bug Bounty Program on Gitcoin:https://gitcoin.co/blog/gitcoin-chainlink-bug-bounty-program. With support from the Chainlink Community Grant Program, this program allows us to work with more great security experts to further improve Chainlink.
Liechtenstein cryptoassets exchange @lcx is becoming a data provider on the Chainlink network. Their daily exchange rates for digital assets can serve as the basis for calculating valuations on financial statements, tax returns and more.
Cryptocurrency exchange @BitrueOfficial is consuming Chainlink's live Price Reference Data. As a decentralized source of on-chain price feeds, users can now independently verify the fairness of Bitrue's price quotes used for loan issuance and liquidation.
Plasm Network, a smart contract platform built using Substrate, is actively consuming Chainlink's ETH/USD & BTC/USD Price Reference Data feeds on mainnet as a means of pricing assets within its lockdrop. This is the first of many future integrations.
Staked.us is now a Chainlink node operator, further decentralizing Chainlink's Price Reference Data. Staked provides highly available security audited infrastructure, and has over 3 years of experience running POS nodes that secure millions of dollars.
Crypto payment platform Swipe Wallet is consuming a custom SXP/USD Chainlink Price Reference Data feed live on mainnet. This price oracle helps Swipe decentralize its operations, serving as a transparent on-chain price for reward issuances & token burns.
Decentralized derivatives platform Opium Network has launched a live YFI/ETH Chainlink Price Reference Data feed. "Chainlink helped us launch this price feed within a matter of days to meet market demand," says Opium Founder, Andrey Belyakov
What can smart contracts solve? Making lottery games more reliable, secure, and trustworthy is one! Learn how you can build a decentralized provably random perpetual lottery on the Ethereum platform in Solidity using a Chainlink VRF and Chainlink Alarm.
In our second DeFi series article, we examine how permissionless composability enables rapid innovation within DeFi. The result is the formation of a parallel financial ecosystem of features like DEX aggregators, flash loans, no-loss savings games & more. Thank you to the Aave team for contributing! “One of the biggest value propositions of DeFi is the interoperability by default. This means that anyone can build a product by combining two protocols, such as Aave & Synthetix, & provide new user experience,” said Aave Founder & CEO, Stani Kulechov.
Chainlink's External Adapter architecture gives blockchain developers a flexible framework to unlock any data resource to power their dApps. We explore how you can connect your smart contract to any off-chain API today on mainnet, using Chainlink.
Watch a replay of the live video Q&A with Joe Yu (Top Researcher) and Frida Cai (Global Strategic Partner) of Sperax. The discussion will be centered on decentralized oracles meeting the needs of Sperax, the integration of Chainlink, and their unique approach to decentralized finance (DeFi).
Join us for a video Q&A with Sandeep Nailwal, the COO of Matic Network. The discussion will be centered on decentralized oracles meeting the needs of Matic Network, and the increasing developer usage of Matic’s blockchain, and future of blockchain gaming.
Are you interested in hosting your own meetup? Apply to become a Chainlink Community Advocate today: https://events.chain.link/advocate
Chainlink Labs is hiring to build Chainlink’s network: Check out these open roles 👩💼
View all open roles at https://careers.smartcontract.com Are there other community content and celebrations that we missed? Post them in the comments below! ⤵️
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After a lot of Q&As during the last two days, which happened rather spontaneously as our reaction to your frustration with our insufficient communication, we have decided to put together some of the things we said and some new stuff within this update & FAQ. We will communicate again about our progress in September. Also, we are always here to talk with you.
Wildland Update
What is Wildland about? Wildland introduces a change to the current paradigm of how we do and consume computing and information technology. We propose a switch from a service-focused to a data-oriented paradigm. Another way of looking at this paradigm shift is a replacement of the predominant top-down paradigm, especially in the context of infrastructure building, with a bottom-up paradigm. Who is going to use Wildland and why? Wildland offers individuals a better way of interacting and managing their information (data) with an improved control over this data. What we or other teams or individuals are able to build on top of it (and for whom specifically) is still somehow speculational. The initial value added for individuals will be the ability to more efficiently interact with the data from a filesystem level and easily combine different backends and migrate between them. For teams and individuals willing to use Wildland for their own projects, the possibility of separating their app (or service) from the user’s data should be interesting. This approach should be further incentivized by the UDO. Why Wildland is called Wildland? Because of the bottom-up paradigm of infrastructure building we see the development of Wildland and its adoption as an organic process, similar to a growth of wild (data) forest. What have you done so far? We’ve finalized conceptual work (you can see it Wildland paper and model) and we are working on the first implementation. This task is decomposed into:
client - which consist of two parts: one implementing WL container and mulitcategorization concept to the filesystem, responsible for creating, managing and interacting with the containers and communicating with storage backend and second interacting with marketplace and UPS/UDO);
smart contracts for marketplace with unified payment system (UPS) and user defined organisation (UDO).
Apart from that, we are working on a marketplace and software connecting Wildland to various types of backends. We will use them to bootstrap Wildland, but the end game here is to have other parties using our tools or creating their own to join Wildland marketplace and offer their backends. We have also done our homework with an analysis of software, services and applications that are relevant to Wildland. That includes, but is not limited to, in-depth analysis of existing cloud storage services, their properties and pricing. Some of the results have confirmed what we had already known (if you are ready to give up control - security and privacy - you can get very cheap or even free storage) other generated insights we had not expected at all. All of that is work in progress, with some of the components close to being functional and others still needing a lot of work. While we had waited with the publication of our paper until April, the development of the client started a few months earlier (the initial phase of development was also about validating some of the key ideas from the paper). What are the plans for the months to come? We want to continue the work described above, gradually preparing for the first release. Apart from the work described above, this will include finalizing a go-to-market strategy, opening repositories and starting communication oriented on potential users (including developers). And yes, we will communicate more with you from now on. Why are you not marketing Widland? Because we do not want to do that prematurely. We will not start any marketing before there is something people can see, play with and either find useful or give us constructive feedback. Why GNT is burned and not used as medium-of-exchange token? GNT is already used as a medium-of-exchange token in Golem Network. The nature of payment for storage is a bit different than for computing: while in Golem Network we are talking about low-amount transactions within a short period of time, in Wildland case we are talking about larger transactions over a longer period of time. This means much more exposition to exchange rate volatility, to the point where the whole system becomes unstable and prone to economic attacks. On the other hand, using stable coins should mean easier adoption and simpler gateways. How is Wildland related to Golem Foundation? Wildland is the first flagship initiative of Golem Foundation. Although Wildland is our primary focus at the moment, in the future Golem Foundation is going to engage in various other activities that correspond with its statutory purpose (see below), possibly in direct or indirect cooperation with Golem Factory. Also, it is worth emphasizing that some building blocks of Wildland, in particular the crypto-economic layer (including the UDO - User-Defined Organization and UPS - Unified Payment System), if successfully implemented, may turn out to be useful in Golem Network as well as in other marketplace-centered blockchain projects.
Golem Foundation FAQ
What is Golem Foundation’s purpose? Why was Golem Foundation created? Golem Foundation was founded and funded by Golem Factory GmbH in 2019. Based on almost five years of hands-on experience of building Golem as a single team since 2014, we decided that the optimal way forward is to split the efforts into two separate entities: Golem Factory being responsible for the development of Golem Network and Golem Foundation with the statutory purpose of pursuing novel approaches to the value proposition of Golem and GNT. The rationale behind creating a new entity was simple: more flexibility and out-of-the box thinking in these R&D/innovative activities on the one hand, and on the other hand less distraction and interference in the current development of Golem Network. How is Golem Foundation related to Golem Factory GmbH? Golem Factory GmbH and Golem Foundation are independent from each other, i.e. there is no personal overlap between shareholders of Golem Factory GmbH and the Foundation Council at Golem Foundation. However, both entities recognize the liabilities resulting from the 2016 crowdfunding of Golem. How is Golem Foundation related to Golem crowdfunding and GNT? Golem Foundation accepted a part of the liabilities resulting from the 2016 crowdfunding in its statutory documents. In particular, the purpose of Golem Foundation expressed in the founding deed states that: The Foundation’s purpose is promoting and developing new technologies, solutions and applications within the scope of the Golem project or promoting and developing new technologies, solutions and applications that create a value proposition for ‘Golem Network Token (GNT) as specified in the GNT Creation and GOLEM Project Creation Conditions: Explanatory Note and Governance Terms’document. What was the Foundation's budget in the first year (July 2019 - June 2020)? In USD equivalents, Golem Foundation spent approximately USD 660k* in the first year of its operations (i.e. until June 30, 2020). 71% of this amount was directly allocated to the development of Wildland by two teams set up by Golem Foundation contractors as well as developers and researchers directly engaged by the Foundation. The remainder (29%) was spent on operations of the Foundation, including salaries of the Foundation Council as well as external services such as accounting, tax/legal services, domicile services etc. This category includes some one-off expenditures required by the process of setting up the Foundation (mostly legal services). * Expenditures in 2020 based on provisional calculations. How was Golem Foundation’s budget calculated? How is Wildland budget related to Golem Foundation’s budget? For starters, this is the budget for the entirety of Golem Foundation activities. While Wildland is our central focus at the moment, the Foundation’s purpose is much broader, which also requires sufficient financial resources. This means that the scope of Golem Foundation operations is – in a way – open-ended and by no means limited to developing Wildland. When deciding on creating an entity independent from Golem Factory and with a separate budget (though strictly limited by Golem Foundation's statutory purpose) the priority was to make sure Golem Factory has sufficient runway to secure the development of Golem Network – as it is defined today. The remaining amount was transferred to Golem Foundation to allow for more flexibility and experimentation aimed at bringing novel value propositions to GNT and Golem. Why are you not informing about activities of Golem Foundation? We were (and still are) focused on Wildland, and as it is in pre-marketing phase, we wanted to wait until we have more to show you. We understand that you want to know what we do and we will be talking about our work more and more often in the future.
Some of you might be coming to this sub, and wondering why so many people support Bitcoin Cash. This is directly answered in the pinned FAQ, and also briefly goes over the history of the sub. Now onto why Bitcoin Cash has huge potential when it comes to changing the world: Bitcoin Cash was created with the purpose of bringing economic freedom to everyone all across the globe. With the current banking, financial, and payment systems, there are many issues when it comes to the usability of money. These issues are: - Sending money across the globe without having to pay high fees (percentage fees), and waiting days or even weeks for your transfer to go through - Having payment options like Visa and Mastercard that help deal with high-volume business, but having to pay a flat fee ($0.15), and a fee of 2%-3% per purchase - Having full control over your money, so the government can't devalue your savings by printing more money for their personal interests - Being able to use your money however you like, without having to get permission from an intermediary, middleman, or financial institution - Being able to know how much money will be circulating at any given time in the future - Paying high fees (4%+) for converting currency when travelling Let's take a look at how Bitcoin Cash solves these problems: Remittance When it comes to sending money across the globe from one bank account to another, often times the fees will be very high because when your bank is sending money, it has to go through several intermediary banks that each take from the initial amount of money, making the process slow, and expensive. Currently, Western Union is advertising "free" transfers of currency across the globe. Seems like a good deal, right? Well here's the thing: they're tricking you into thinking that transfers are free when they're actually making money off of the exchange rate. We believe that money (digital cash) should be as frictionless as possible, and that a user shouldn't have to deal with transfer fees, and have to get permission to transfer their money from one bank to another. Currently, the fees on Bitcoin Cash are only $0.0007, and we plan on keeping them that low. Payment Systems When it comes to traditional payment systems, like Visa, Mastercard, and American Express, credit card companies often charge a 2%-3% fee on every transaction that takes place, and a transaction can take anywhere from 24-36 hours to confirm, and go into a merchant's bank account. These payment systems are both slow and expensive. With Bitcoin Cash, your funds are available instantly for you to spend, but if you want to take extra security measures, you can always wait ~10 minutes for a confirmation to go through. Control Over Your Own Money With the banking system as we currently know it, one of the biggest problems is the lack of control your have over your own money. Every year, people are forced to pay taxes to politicians only to have their money basically wasted on providing effectively nothing to them. Bitcoin Cash solves this problem by giving you full control over your money. Making a wallet does not require anyone to give ID, personal information, or anything that could potentially lead to the government having any say in what you can do with your hard-earned money. Another issue with traditional currencies is the inflationary nature of them. This is another form of taxation that doesn't appear to be as bad as taxing, but it's just a different way of taking money from the hands of citizens. When the government prints more money, your savings get devalued, meaning that the government has effectively stolen money without physically "stealing" it. With Bitcoin Cash, the inflation relies on a purely mathematical system in which the maximum number of Bitcoins will always be 21 million. With mathematical certainty, you can always be sure of the exact supply of Bitcoins based on the block number. I made a graph that helps illustrate this with >99.99997% accuracy on how many Bitcoin Cash will be in circulation based on the block height. This works for Bitcoin, and Bitcoin SV too. You can check the accuracy by putting the block height/number in the brackets of the second expression. Currency Conversion Have you ever travelled to another country where you had to convert to the local currency in order to be able to use it? If so, you would've realized that conversion rates can often be very high, and it is impractical to do unless you're converting a large sum of money. Our idea is to increase merchant adoption so that Bitcoin Cash can have its own economy, so it doesn't matter where in the world you are, you can always use Bitcoin Cash, and not have to worry about conversion fees. If you want to "convert" to another currency, you can always use SLP tokens that will eventually come in a variety of local fiat currencies in the near future. Tether USDT is already planning to make SLP tokens too. This is also a great alternative if you aren't sure whether you want to put your money into crypto, and want to stick with fiat instead. Think of SLP tokens as "paper" tokens on top of Bitcoin Cash that can be sent and received for fractions of a penny! How to use Bitcoin Cash for Buying Goods and Services Right now, there are many ways you can use Bitcoin Cash, including local usage, and online usage. If you want to see which merchants near you accept Bitcoin Cash, you can check using map.bitcoin.com and see which local merchants are accepting Bitcoin Cash. If you want to buy things online, you can use purse.io, and get 30% off on any Amazon purchase, so you contribute to the economy of growing Bitcoin Cash, and get a great deal for any item you want to buy! TL;DR: Bitcoin Cash is sound money which you have full control over your own money, and allows you to send any amount of money, anywhere in the world, instantly, and practically for free. If you have any additional questions, feel free to comment. Resources: Bitcoin Inflation Graph: https://www.desmos.com/calculatolaijpbrh4s Buy things on Amazon using Bitcoin Cash: https://purse.io/shop purse.io chrome extension: https://chrome.google.com/webstore/detail/purse-shop-with-bitcoin-b/amdginnpaflghjbbdkfenpekaeifnpee See which local merchants accept Bitcoin Cash: https://map.bitcoin.com/ Wallets with Bitcoin Cash: Electron Cash, Bitcoin.com Wallet, Exodus, Badger Wallet Bitcoin Cash website: https://bitcoincash.org
Bitcoinsxchanger is the most popular platform and its currency converter provides a fast-confirmed currency from Exchange Dogecoin to the US dollar. We're here to make sure you can make Dogecoin conversions at the latest exchange rate. We have an amazing currency calculator that offers a perfect method for investors to international in the stock market for various currencies. The method of converting from Dogecoin to the dollar can be performed at both present and historical levels – to do so, pick the appropriate exchange rate date. For a fact, the currency converter displays the closing rate of the previous day as well as the maximum and lowest exchange rate for any cryptocurrency, like Bitcoin and Dogecoin. Bitcoinsxchanger currency calculator also provides offers other exchange rates for about 160 international currencies. How to convert Dogecoin This might seem very easy to pick up any Dogecoin, but until now it has been difficult to convert Dogecoin into cash. It was considered to be a difficult task for anyone interested in turning their Dogecoins into government-backed currency with larger acceptance to make an individual deal with anyone willing to exchange for Bitcoin, which could then quickly be exchanged for dollars, Euros, and the like. However, this intermediate step not only made the entire method considerable more costly but also added a risk factor. The new and modern technology to convert Dogecoin into dollars easily and comfortably will alter the nature of how the currency is used. DOGE VALUE CALCULATOR Dogecoin Value Calculator is a popular device found on nearly any crypto exchange platform. This device is commonly available, and developers, dealers, and miners are constantly utilizing various cryptocurrency calculators. This is used to measure the expense of digital money and to determine the productivity of the company. You will find a number of calculators that would be helpful to leaders in the digital currency community. Bitcoinsxchanger is a crypto exchange service that uses a cryptocurrencies value calculation tool. You can convert bitcoins to fiat currencies, so you should learn the prices. Dogecoin To Perfect Money The Perfect Money account allows e-payment transactions really simple. Users are enabled to make online payments to other digital currency platforms and vice versa. This system may be made to enable automatic exchanges to all of the Internet companies concerned. Cryptocurrency offers you a simple method to convert Dogecoins to Perfect Money. The limit or the minimum amount allowed in an account is $1000 and the interest rate is up to 4 percent a month. Transferring money to and from an account is also achieved by currency conversion, bank transfers, other payment systems, and e-Vouchers. The one feature that helps Perfect Money stand out from the others is the opportunity of users to buy gold, dollars, and dollars in real-time. Buy and sell dogecoin with PayPal There may be a number of ways to buy and sell Dogecoin with Paypal. Paypal deals for huge bitcoin, Ripple, and other cryptocurrency platforms. However, there are some of the internet markets that have accrued invisible payments where you have to pay after doing the transaction, which in short is a trap. Here on our platform, you wouldn't get the sort of patronized investing because we believe in accountability for our customers. It will be very easy for you to use our platform. You just need to take a few steps. Next, you need to exchange money to dogecoin and hold it in the e-wallet that has a special code after you get it you can sell dogecoin with PayPal and pass it to USD dollars. Once again, don't go to the person who has secret costs and who has the best rates for our services. https://preview.redd.it/xqcihljtk3j51.jpg?width=604&format=pjpg&auto=webp&s=d17e4c4260d9e46516e659c70ce68eaf86ea3542
Aave - an open source and non-custodial protocol to earn interest on deposits & borrow assets
Akropolis - an undercollateralised lending protocol aiming at DeFi yield optimisation and interest-rate sharing
Atomic Loans - a lending platform that accepts trustless BTC collateral via custom Bitcoin scripts
bZx - a decentralized protocol that enables lending and borrowing for margin trading
Compound - an open-source money market protocol on Ethereum that lets users lend or borrow assets against collateral
DeFiner - a globally available, decentralized lending marketplace to securely borrow and lend digital assets through smart-contracts
Force Protocol - an open financial platform providing a wide range of financial services including lending, banking and stablecoins
Maker - a decentralized credit platform on Ethereum that supports Dai, a stablecoin whose value is pegged to USD and backed in ETH or BAT
Nitrogen Network - a decentralized P2P network for secured loans
Swap Rate - a DeFi interest rate swap tool built on the Opium protocol
Trading
Augur - a decentralized oracle and peer-to-peer protocol for prediction markets on Ethereum that lets anyone create a market around the outcome of any real-world event
ACO - a decentralized and non-custodial options trading protocol
Balancer - a non-custodial portfolio manager, liquidity provider, and price sensor
Bancor - a protocol on Ethereum for non-custodial token exchange using pooled liquidity
DeversiFi - a high-speed, non-custodial Layer 2 exchange built with STARKs technology, allowing for 9,000+ tps with deep liquidity, low fees, privacy and speed.
DEX AG - a trading interface that finds you the best price from 11 different DEXes
dYdX - a non-custodial trading platform on Ethereum geared toward experienced traders
Gnosis Protocol - a fully decentralized trading protocol that allows anyone to add any trading token pair
Hegic - an on-chain peer-to-pool options trading protocol built on Ethereum
Helena - a smart contract platform with gamified prediction markets
Jelly Swap - a peer to peer trading tool across different blockchains using atomic swaps
KyberSwap - a permissionless cross-chain atomic swap protocol, enabling trading of tokens across different chains
Leverj - a secure and decentralized high performance plasma based exchange
Local Ethereum - a non - custodial peer-to-peer ETH marketplace featuring end to end encryption and on -chain escrow.
Loopring DEX - a non-custodial Layer 2 DEX built on top of the Looping protocol
Market Protocol - a protocol on Ethereum which offers tokenized leverage trading of any asset through synthetic pricing
MCDEX - a decentralized derivatives trading platform for perpetuals & futures
MerkleX - a decentralized exchange that uses a decentralized clearing network. Merklex allows traders to set limits on what can happen to their funds.
Nuo Network - a non-custodial platform on Ethereum that provides a decentralized debt marketplace. Users can lend, borrow, or margin trade any supported cryptoasset
Ren - a provider of inter-blockchain liquidity for all decentralized applications
Set Protocol - a protocol designed to create, manage, and obtain baskets of tokenized assets
Synthetix - a decentralized platform on Ethereum for the creation of Synths: on-chain synthetic assets that track the value of real-world assets
Tokenlon - a DEX with off-chain matching, and on-chain settlment via 0x
UMA - a decentralized protocol to enable the creation, maintenance, and settlement of financial contracts for any underlying asset
Uniswap - a fully decentralized on-chain protocol for token exchanges on Ethereum that uses liquidity pools instead of order books
Veridex - a Mesh connected 0x relayer with trading, swap and market making tools
Payments
Flexa - a payment network that enables merchants to accept digital currencies without the risk of fraud or volatility through off-chain collateralization.
Fuse - a blockchain payment integration for businesses
Request Network - an open network for transaction requests. It allows anyone to create, store and access invoices and receipts in a universal, decentralized network.
Wallets
Alpha Wallet - a mobile-based wallet built for Dapps. Do everything with only a few taps.
Argent - a secure smart contract wallet built for simplicity, security and usability.
Ash - a wallet interface focused on DeFi asset management powered by Melon Protocol
Atomex - a multicurrency HD wallet with built-in hybrid atomic swap exchange
Coinbase Wallet - a non-custodial, DeFi enabled mobile wallet that lets you securely store your tokens and collectibles
DEXWallet - a mobile wallet for decentralized finance
Eidoo - a non-custodial wallet that allows users to store, exchange and transact cryptoassets with a wide range of DeFi services and tools
Math Wallet - a multi-chain non-custodial wallet with embedded browser functionality and DApp store
Meet.One - a multi-chain DeFi wallet, non-custodial and easy-to-use
Monolith - a decentralised banking alternative, powered by Ethereum
My Crypto - an easy to use app that helps you create, import, and manage all your wallets
My Ether Wallet - a free, easy-to-use and open-source client-side interface that helps you interact with the Ethereum blockchain
Gnosis Safe - a secure way to manage funds and interact with decentralized applications on Ethereum
HB Wallet - a non-custodial DeFi-enabled wallet available on multiple platforms
Poketto - a wallet that you can actually show to your parents
Interfaces
Bamboo Relay - a 0x relayer built to trade, lend, and borrow tokens directly from your wallet.
Dca.land - an automated & decentralized dollar cost averaging tool
DDEX - Decentralized Margin TradingTrade with leverage and earn passive income in DeFi
DeBank - an all-in-one DeFi wallet with on-chain DeFi stats
DeFi Saver - an easy to use management portal for MakerDAO CDPs and compound protfolios
DeFi Snap - a simple dashboard that helps visualize all DeFi assets and liabilities
dForce Network - a decentralized finance protocol, starting with the first synthetic indexed stablecoin - USDx
Dharma - a peer-to-peer marketplace on Ethereum for non-custodial lending and borrowing of cryptocurrencies built on an extensible open source protocol
EasyCDP - an interface for MakerDAO that vastly simplifies the process of opening and managing a CDP
FiatDex Gateway - a simple browser-based interface to interact with the FiatDex protocol which allows users to trustlessly swap fiat to crypto
Frontier - a mobile interface integrating all DeFi Protocols and Wallets, enabling users to Track, View & Manage positions in real-time without giving away their private keys
InstaDApp - an intuitive interface on top of the MakerDAO protocol that’s optimized for users lacking advanced technical or financial experience
iearn.finance - a simplified aggregator that optimizes lending into the highest yielding protocols
Melon - an open-source, community-run protocol for asset management on Ethereum. Melon lets users create, manage, and invest in decentralized funds composed of ETH and ERC20s
Totle - a decentralized liquidity provider where you can swap and transfer tokens while automatically getting the best prices from decentralized exchanges
Unspent - a dashboard for all crypto and open finance activity: investing, trading, lending & borrowing
Zerion - an easy to use trustless banking interface utilizing popular DeFi protocols
Infrastructure
0x - a protocol for p2p exchange of tokenized assets. ZRX is the governance token that allows to vote on protocol upgrades, and earn liquidity rewards shared by liquidity providers.
Ampleforth - a digital-asset-protocol for smart commodity-money.
Augmint - a smart contract platform that issues stable tokens targeted 1:1 to the EUR backed by collateral
Betoken - An open crypto fund managed by code and meritocracy
Connext - a non-custodial layer 2 payment-channel technology that enables off-chain, instant payments with low (or zero) transaction costs, helping scale the Ethereum network and paving the way for use cases like micropayments
DAI - a decentralized stablecoin soft-pegged to the US Dollar
DFOhub - an Ethereum-based Research & Development project that provides a framework for DFO's, on-chain companies with proprietary assets and voting tokens as programmable equities
EPNS - a service that allows dApps, Smart Contracts & Services to send push notifications to their users in a decentralized way
Lightning Network - a Layer 2 protocol on top of Bitcoin that seeks to improve scalability by moving small and frequent transactions off-chain, allowing for fast peer-to-peer transactions and low fees.
Liquidity Network - a Layer 2 scalability solution that enables gas-less, near-instant trustless transactions & token swaps
Loom Network - a DPOS layer 2 scaling solution that allows developers to run large-scale applications on top of Ethereum
Loopring - an open source protocol for decentralized exchanges designed to provide matching-as-a-service, and its orders are unidirectional and do not differentiate takers and makers giving complete control to traders
mStable - a single standard unifying stablecoins swapping and lending that also reduces friction and fragmentation
Neutral - a meta-stablecoin system built using a basket of multiple stablecoins to generate a lower volatility token with a reduced risk profile
Nest - a decentralized and transparent price oracles network
Nexus Mutual - a decentralized insurance platform where people can share risk particularly against smart contract bugs, failure or other black swan events
Opyn - an insurance and risk management layer for DeFi
PhishFort Protect - a crypto open source browser plugin that protects users in the DeFi space from phising
pToken - a trustless and trasparent 2-way peg to teleport tokens across blockchains, without friction
rDAI - a DeFi primitive that splits principal and interest in DeFi investments, and streams accrued interest to chosen addresses
Reserve - a decentralized stablecoin protocol enabling global and frictionless payments
Tokentax - an easy to use cryptocurrency & DeFi taxes calculator
USDx - USDx is a decentralized and synthetic indexed stablecoin introduced by dForce. USDx's underlying stablecoins include USDC, TUSD and PAX
WBTC - an ERC20 token that is backed 1:1 by bitcoin.
xDai - an Ethereum sidechain with 5-second block times, low gas prices, and a native token that’s also called xDai.
Analytics
0x Tracker - a trade explorer for 0x protocol and decentralized ERC20 token price index
Coin Interest Rate - a dashboard showcasing borrowing and lending rates for USDC and DAI
DefiScan - a read-only DeFi profile explorer for Compound, Uniswap, and SpankChain
Etherscan - a block explorer and muti-purpose analytics platform for Ethereum
Eth Gas Station - a consumer oriented metrics & analytics platform for the Ethereum gas market
Loan Scan - a dashboard showing the best rates to earn passive income or lowest rates to borrow crypto
UniswapROI - a calculator to help you analyze your investments in Uniswap and find the best liquidity pools
Whois0x - a database of wallet addresses and their linked social media accounts that also provides easy to understand DeFi stats for each address
Education
Defi Nerd - a lending & borrowing reviews and rates comparison ressource for crypto assets
DeFi Prime - a list of the best Decentralized Finance Products
Defi Rate - a trusted resource for DeFi research, news and interviews with a strong focus on lending rates
EthHub Weekly Newsletter - a trusted resource on all things Ethereum
Podcasts
Chris Blec - a collection of demos for various DeFi products, targeted to beginner & intermediate users.
Into the Ether Podcast - a podcast focusing on all things related to Ethereum, the leading blockchain for decentralized applications.
Wyre Podcast - a podcast where Thomas Scaria interviews founders of top DeFi projects twice a month. Giving insight to their business as well as the technical challenges that they have overcome.
Newsletters
Bankless - the ultimate guide to crypto finance written by Ryan Sean Adams
DeFi Tutorial - a newsletter focused on teaching and educating readers about DeFi with hands on video tutorials
DeFi Value - a place to better understand and evaluate Decentralized Finance
DeFi Weekly - a weekly in-depth review of technical achievements within decentralized finance
Dose of DeFi - a weekly newsletter that specializes in deep dives on topics in the space
EthHub Weekly Newsletter - a collection of the week's Ethereum and cryptocurrency news curated by the founders of EthHub
The Defiant - a curated list of daily news in the DeFi space explained and conensed down to a digestable level by Camila Russo
Communities
Concourse Open Community - an open community of builders, enthusiasts and researchers working towards a free, bountiful and decentralized future for everyone
Dai para principiantes - a spanish-first Dai and Defi educational website, tutorials & active community
DeFi Nation - a DeFi-oriented community featuring discussions, walk-throughs, Q&A calls and more
Ethereum Italia - an Ethereum focused community in Italy with a strong presence on all social media
Hola DeFi - a DeFi product directory for the Spanish-speaking community
[Reference] My interaction experience with TWELVE TSs and Non TSs
I have just made my "first" rep haul with Aaron and would like to share my experience with various sellers and the price difference I was given. I say my "first" haul with quotation marks because I purchased a LV wallet with Nina before, but I refuse to count it as my first because...it's one wallet🙄 First, I wanted lots of different items. I wanted a couple bags, some summer shoes, 365 all around flats, brooches, and accessories here and there (twilly, watch, etc. Something small and cute). Because I wanted lots of small things, I didn't want to be a time waster and held myself off from asking things unless I really wanted to go for it. My first group of victims. The item I was asking for was the vintage Chanel purse (this is the colour I wanted), which I ended up buying. This model was a season purse back in 2017 or sometime around then. I wasn't sure if anyone had it in stock until I came across the non TS Anniestuio's yupoo. The sellers are listed chronologically :
Seller Name
Contact Info for Any Non-TS
English? Y/N(not that it matters but it provides a lesser chance of getting lost in translation)
She didn't seem super friendly, but I don't really care as long as they're not a total b****
Responds fast
But HOLY, with that price I could get top-tier with a couple 100's more.
TS Morgan
He is not the annoying-over the-top-nice-we've-just-met-but-I'm-your-best-friend type of seller, seems like a genuine guy and is straight forward but still nice. I really liked him and would love to buy from him next time
Helpful and insightful. He ID'd the factory for me during our convo (Yunding), but told me the factory stopped producing the bag.
TS Elaine
Omg, the price is so much better. How does the price change from 400 to 240??
I say she "kinda" speaks English because her answers were not clear at times (I sent her a picture of a yellow bag and asked if it's different or the same, and she said "No same". Idk if it's "no, [it's the] same" or "not same" haha
Seemed friendly enough and responds fast enough.
TS Aaron
He only speaks Chinese, which isn't a problem since there is the translate option on Wechat but there are times when we got lost in translation. I gave up trying to speak the translator friendly language and just used a non Wechat translator and double checked it by reversing the translation before sending those msgs 😂
EDIT** A lot of you commented that he speaks decent English, but it seems that happened on Whatsapp. On Wechat he speaks Chinese (or at least prefers to).
As soon as I heard the price, I told him "Mine now". I'll elaborate on Aaron at the end of the review.
This was my journey to the vintage chevron. When I first heard Annie's price, I got discouraged and began to look for another bag. And I did suspect that Annie marked her price way up, because I have seen products from the same factory (Yunding, ID'd by Morgan) selling for less. I wouldn't have minded the price if there was some thorough reviews of the products manufactured by them, but could not. So I started to look for this Chanel Reissue Waist bag. Here comes my second group of victims:
Damn... it really does look like I harassed all these poor guys but let me reassure you-- I asked for the stock and price, and then just left it there without additional requests. I really hope the sellers were not annoyed too much by me too:
TS Pink
Pink has a wide selection of products on his Wechat album
Responds fast, but he forgot to reply to me after asking for the price. I understand because they have to cross check with the factory before giving me the answer
But I didn't wanna be like hellloooo, are you still there? kinda person so I moved the question over to Aaron
He seemed like a very chill nice guy though. Would love to interact more with him in the future.
TS Aaron
I sent the same picture over to Aaron. He said he doesn't have it, but can get it from the supplier for me (aww). The review will continue below
I saw someone's review of her products and inquired about this bag which she didn't have
She's a non TS but I felt like I could trust her since she owns an actual physical shop in Malaysia
Her claim to fame is her Hèrmes quality
Speaks very fluent English, responds fast, and so friendly. I loved interacting with Ms K
TS Emily
I was interested in her because she takes crypto (ETH) and I recently learned how to use it. super easy and super low fees
Her stock of the waist bag was in no doubt the best quality. Her post says that it was manufactured by Marble, but her stock picture seems like it's from OF. I recognize that orange leather background. Either way, it looks good
She didn't answer me for a few days but eventually got back to me without me going "hellllloooo", which I appreciated very much because it means that she didn't forget. She seemed kinda dry, but I think it's more human and real than "my dear" over-the-top-friendly.
But this was my first buy and I wanted to have some fun. I decided to save this bag for the days when I'm confident enough to spend a bit more money into reps.
NTS Ray
Speaks fluent English and responds fast
Again, these male rep sellers seem to be cool people overall. They seem to be very chill and not over friendly without being a d***. Ray was the same. He's really cool, but helpful.
His price of the bag was good. The diamonds are misaligned but I have seen some pics of the auth and the auth were not aligned either, have a low stitch #, and looked puffy vs the regular size 2.55 maybe due to its small size? So his stock didn't bother me at all. I'd like to take a look more at some products from the same factory but couldn't identify it. I didn't want to ask unless I'm about to buy.
TS Vvken
I can't comment on his English because I sent a picture, and he said "2000"
Didn't send me any factory pics so I have no idea what his stock looks like
To be fair, it's best to not to waste time with inquiries so I can't comment too much about his friendliness. He might be more helpful if I showed more interest
TS Nina
I LOVEEE Nina. I bought a LV wallet from her (technically my first rep, but I refuse to count it cuz it was so small), which I wasn't too sure about but the moment I talked to her, I knew this was THE girl I should buy from. But it turns out that her LV supplier isn't as nice as her 😂 that's why I'm getting a new one. Girl, I love you but go get yourself a new supplier.
Her English is very good and she's so friendly without being fake
She responds fast and always begin/ends the conversation with a friendly greeting omg she's so lovely
I recognized her stock to be from the White Chair factory. I sent her some pics of their stock and asked her if it's the same supplier, and she said yes.
She def had the best priced stock, but the lock of the bag seems smaller than the other seller's. But for the price it seems like a good deal. I'm considering getting it, but my LV wallet experience got me skeptical.... Although I do hear that this factory provides good quality mid-tier reps. The diamonds seem to align well too.
Okay, this list is getting ridiculously long. But I must continue writing. The other item I was interested in were Chanel brooches, just anything that caught my eyes. I saw some pictures on the sellers' albums and contacted for the price. Here comes the third group:
Okay, let's talk about this guy. Crazy price, huh?? I just happened to come across on his Yupoo while looking for brooches and couldn't believe my eyes. It's cheaper than AE or DH that lists the same stock pics!! HOWEVER he's never been reviewed and I can't find his info anywhere. But when I looked at his contact info, I laughed so hard. This guy linked his personal FB account instead of his business. OMG, so cute!!! That actually made me very relaxed and put more trust in him (I know where you live *suspicious eyes*)
I listed him as Gang/Qang, because although his FB is under Qang, his Wechat and Whatsapp is under Gang. I'll stick with Gang.
I added him on Whatsapp and contacted him, but he doesn't seem to check it very often. I added the same # on Wechat and received a response on Wechat before I got it on Whatsapp although I added him on Whatsapp first.
His English is very smooth and fluent. He's very friendly.
Besides his jewellery, his purse customers seriously need to check out our forum, but hey, can't criticize the man's supplier choice as long as it gets him the $$$
Honestly, even if he's a fraud I'll probably order under $100 and I don't mind being adventurous with it *knocks on wood* I'm gonna place an order in a couple days. I'll definitely post a review when I receive my purchase. If his supply is good, this guy is a god send. I FOUND HIM FIRST!!!
NTS Ray
Again, love this guy. His stock looked good, but once I saw Gang's price I wasn't ready to shell out
I would love to buy from him in the future. He's super helpful
NTS Summer
Found her through recommendation reviews on this forum
Although her pieces def looked high-tier, I wanted to try out Gang's $10 supply first before committing to her better crafted pieces
I would be open to try out non costume jewelry from her. She responds fast , good English, and is friendly enough.
....and that's it for my victims. But let me also add some sellers that I have not sent any inquiries to, but exchanged greetings with and this is my impression of them:
I added her to check out her stock and exchanged greetings. She said hi and sent me an entire instruction how to get connected to her Wechat album. I thought this was very helpful. She seemed super nice.
Martha has a variety of selection that I have not seen often in other sellers' albums. I already picked out a list of products that I'll be interested in buying soon. She updates frequently too. It's really fun to keep eyes out on her album
Another wonderful thing about Martha's album is that SHE HAS PRICES LISTED. I'm so glad that I can solve my curiosity without annoying the crap out of the sellers 😂
After he accepted my request, he sent a greeting and asked me to share the shoe styles I like because he can make some recommendation based on my preference. I thought this was helpful without looking sales hungry, even when the sentence "send me a product of what you're looking for" that I hear often from other sellers means exactly the same thing
I already had purchased some shoes from Aaron, but I've always read about Zippy's good quality so I'm definitely willing to buy his shoes next time when I want some shoes.
So, let's finally move onto our winner, Aaron. I started the conversation with Aaron after I saw those Chanel shoes I ended up getting on his shoes account. He redirected me to the shoes account person (his bro), but I asked about the Chanel waist bag before finishing the interaction since I got a good vibe about him. He said he doesn't have the bag in stock, but can contact the supplier and get it for me. That was so sweet, but I didn't make up my mind right away because I couldn't figure out which factory it was from and how their products were. After a couple days, I talked with Elaine and got quote for the Chanel vintage. I was about to purchase from Elaine, but then I remembered that Aaron said that he can "contact the supplier" for me. I eventually wanted to get those shoes I saw too, and thought why not ask and save on shipping. I asked, and sure enough Aaron said he can do it, hurray! It took him a day to provide the confirmation of the stock and the price. I had to bite my lips and annoyed Aaron ("any updates :) ?") and he gave me the price ($400-> Elaine's $240->Aaron's $206) and after his promo discount it came to 1260 CNY (approx $177 USD). I told him as soon as I heard the price: "It's mine now". He only had this colour that's at the end of the page, which I can't figure out if it's beige or yellow, but I really liked the design so it didn't matter. I'm a cheap ass bitch, so once I told him that I'll buy I asked him I want some shoes too and asked if he can offer combined shipping. He said sure, and I contacted his shoe account and sent him the pics of the shoes I wanted. Aaron's brother passed me back to Aaron to calculate the total, then I threw the LV wallet in on top of everything. Being the cheap ass bitch I am, I asked him to not include any boxes that just the dust bags are fine, since packagings add bulk to the parcel and increase the shipping $$. Sure, I lose the pretty boxes and the fun unwrapping them but it's not worth extra 10+ bucks. He agreed and the total for the parcel via EMS with two pairs of shoes+wallet+bag came to be 350 CNY (apprx $50) to New York. I sent him the money via Transferwire, just because I never used it before and decided to try it, also I can avoid F&F fee on Paypal, and had read that they have the best exchange rate. The transfer isn't instant so I wouldn't recommend it for items on sale, but mine was all full price so Aaron was fine waiting. Aaron thanked me at least six times for supporting his business 😂You'd think I spent thousands of $$ with him. This is the end of my seller interaction reference. It ended up being so much longer than I expected. I salute all you girls for going through my long rant. Now looking back at it, I contacted so many sellers, but at the end of the day I am the customer and I can decide where and with whom I want to spend my money with. I really don't think people should refrain themselves from asking A FEW questions about the products as long as you're not bothering them with 100 questions on a product you're not even half way serious about. As a result, I did save over $200 from my initial $400 quote from Annie's studio. My total transaction came to be: Chanel vintage chevron (anniestudio stock pic)¥1260 + LV wallet ¥324+Chanel shoes ¥504+ Dior Shoes¥459+EMS¥350=2897 CNY, the listed price includes 10% promo dc. I'll write the actual review once I get my purchase. I sure won't forget my review of Gang's brooches when I make the transaction and receive those too! Until then, Happy shopping 😚
Bittrex Review: One of the First Crypto Exchanges| Final Part
4. Transaction Fees
Transferring funds across the blockchain and withdrawing them from Bittrex costs a fee for customers, with the rate unique for every coin. Bittrex Global charges no commission for deposits. Please keep in mind that some tokens or cash may be required to perform a transaction by a crypto coin or token’s community. Bittrex crypto exchange can’t keep away from it. Every token or coin has a blockchain transaction fee that is built in it, and the Bittrex fee is a small amount to cover this charge. You can view the fee percentage for every coin or token by clicking Withdrawal near to the coin. There you will see a transaction fee you will be charged for withdrawing a specific coin or token. In the example below, the withdrawal fee amounts to 1 USDT https://preview.redd.it/209uz2p64zh51.jpg?width=974&format=pjpg&auto=webp&s=9ee9355c4d75d41931a3073b8a230bd1ffddaf08 The transaction fee for Bitcoin came to 0.00050000 BTC https://preview.redd.it/vh7zbe884zh51.jpg?width=974&format=pjpg&auto=webp&s=e6293650b46a7e0ba661478bd2467471b8b213f9
5. Trading Fees
The fee schedule below provides the applicable rate based on the account's 30-Day Volume and if the order is a maker or taker. Bittrex Global Fee30 Day Volume (USD)MakerTaker$0k - $50k0.2%0.2%$50k - $1M0.12%0.18%$1M - $10M0.05%0.15%$10M - $60M0.02%0.1%$60M+0%0.08%>$100MContact TAM representative Trading expenses are incurred when an order is prepared by means of the Bittrex worldwide matching engine. While an order is being executed, the purchaser and the vendor are charged a rate primarily based on the order’s amount. The fee charged by Bittrex exchange is calculated by the formula amount * buy rate * fee. There aren't any charges for placing an order which is not being executed so far. Any portion of an unfinished order will be refunded completely upon order cancelation. Prices vary depending on the currency pair, monthly trade volume, and whether the order is a maker or taker. Bittrex reserves the right to alternate fee quotes at any time, including offering various discounts and incentive packages.
Monthly Volume
Your buying and selling volume affects the fee you pay for every order. Our expenses are built to encourage customers who ensure liquidity in the Bittrex crypto exchange markets. Your buying and selling charges are reduced according to your trade volume for the last 30 years in dollars. Bittrex calculates the 30-day value every day, updating every account's volume calculation and buying and selling charge between of 12:30 AM UTC and 01:30 AM UTC every day. You can check your monthly trade volume by logging in and opening Account > My Activity. https://preview.redd.it/n1djh2ob4zh51.jpg?width=974&format=pjpg&auto=webp&s=2eebb9c9ac63de207c4dd2e49bc45aeb53a8dec8
6. Withdrawing Funds
Withdrawing any type of funds is likewise simple. You can profit by buying and selling Bitcoin, Ether, or any other cryptocurrency. You determine the crypto address—to which the amount will be credited—and the transaction amount. The withdrawal fee will be automatically calculated and shown right away. After confirming the transaction, the finances will be sent to the specified addresses and all that you need to do is to wait for the community to confirm the transaction. If the 2FA is enabled, then the user receives a special code (via SMS or application) to confirm the withdrawal.
7. How to Trade on Bittrex Global
Currency selling and buying transactions are performed using the Sell and Buy buttons, accordingly. To begin with, the dealer selects a currency pair and sees a graph of the rate dynamics and different values for the pair. Below the chart, there is a section with orders where the user can buy or sell a virtual asset. To create an order, you just need to specify the order type, price, and quantity. And do not forget about the 0.25% trade fee whatever the quantity. For optimum profit, stay with liquid assets as they can be quickly sold at a near-market rate effective at the time of the transaction. Bittrex offers no referral program; so buying and selling crypto is the easiest way to earn. https://preview.redd.it/hopm6fih4zh51.jpg?width=1302&format=pjpg&auto=webp&s=68c0aaae86f64c3e6b9d351c3df2a9c331f94038
Order Types
Bittrex helps you alternate Limit and Stop-Limit orders. A limit order or a simple limit order is performed when the asset fee reaches—or even exceeds—the price the trader seeks. To execute such an order, it is required that there's a counter market order on the platform that has the identical fee as the limit order.
Differences between Limit Order and Stop Limit Order
A stop limit order is a mixture of a stop limit order and a limit order. In such an application, charges are indicated—a stop charge and the limit.
Let’s discuss how you could trade conveniently with our service. The key features include a user-friendly interface and precise currency pair statistics (timeframe graphs, network data, trade volumes, and so forth). The platform’s top-notch advantage is handy, easy-to-analyze, customizable charts. There is also a column for quick switching between currency pairs and an order panel beneath the fee chart. Such an all-encompassing visual solution helps compare orders efficiently and in one place. You can use the terminal in a day or night mode; when in the night mode, the icon in the upper-right corner changes and notice the Bittrex trading terminal in night mode is displayed. The main menu consists of 4 sections: Markets, Orders, Wallets, Settings. Markets are the trade section. Bittrex allows handling over 270 currency pairs. Orders. To see all open orders, go to Orders → Open. To see completed orders, go to Orders → Completed. Wallets. The Wallets tab displays many wallets for all cryptocurrencies supported by the exchange and the current balance of each of them. After refilling the balance or creating a buy or sale order, you will see all actions in the section. Bittrex allows creating a separate wallet for every coin. Additionally, you can see how the coin price has changed, in terms of percentage, throughout the day. Here’s what you can also do with your wallets:
Hide zero balances: hide currencies with zero balance
Green and red arrows: replenish balance/withdraw funds
Find: search for a cryptocurrency
The Settings section helps manage your account, verification, 2FA, password modification, API connection, and many more.
How to Sell
The process of selling crypto assets follows the same algorithm. The only difference is that after choosing the exchange direction, you need to initiate a Sell order. All the rest is similar: you select the order type, specify the quantity and price, and click Sell *Currency Name* (Sell Bitcoin in our case). If you scroll the screen, the entire history of trades and orders will be displayed below.
LONG and SHORT
You can make a long deal or a short deal. Your choice depends on whether you expect an asset to fall or rise in price. Long positions are a classic trading method. It concerns purchasing an asset to profit when its value increases. Long positions are carried out through any brokers and do not require a margin account. In this case, the trader’s account must have enough funds to cover the transaction. Losses in a long position are considered to be limited; no matter when the trade starts, the price will not fall below zero with all possible errors. Short positions, in contrast, are used to profit from a falling market. A trader buys a financial instrument from a broker and sells it. After the price reaches the target level, the trader buys back the assets or buys them to pay off the initial debt to the broker. A short position yields profit if the price falls, and it is considered unprofitable the price matches the asset value. Performing a short order requires a margin account as a trader borrows valuable assets from a broker to complete a transaction. Long transactions help gain from market growth; short from a market decline.
Trade via API
Bittrex also supports algorithmic trading through extensive APIs (application programming interface), which allows you to automate the trading process using third-party services. To create an API key, the user must enable the two-factor authentication 2FA, verify their account, and log in to the site within 3 minutes. If all the requirements of the system are fulfilled, you can proceed to generate the API key. Log in to your Bittrex account, click Settings. Find API Keys. Click Add new key (Create a new key). Toggle on / off settings for READ INFO, TRADE, or WITHDRAW, depending on what functionality you want to use for our API key. Click Save and enter the 2FA code from the authenticator → Confirm. The secret key will be displayed only once and will disappear after the page is refreshed. Make sure you saved it! To delete an API key, click X in the right corner for the key that you want to delete, then click Save, enter the 2FA code from the authenticator and click Confirm.
Bittrex Bot, a Trader’s Assistant
Robotized programs that appeared sometimes after the appearance of cryptocurrency exchanges save users from monotonous work and allow automating the trading process. Bots for trading digital money work like all the other bots: they perform mechanical trading according to the preset parameters. Currently, one of Bittrex’s most popular trading bots is Bittrex Flash Crash Buyer Bot that helps traders profit from altcoin volatility without missing the right moment. The program monitors all the market changes in the market every second; also, it even can place an order in advance. The Bittrex bot can handle a stop loss—to sell a certain amount of currency when the rate changes in a favorable direction and reaches a certain level.
8. Secure Platform
Bittrex Global employs the most reliable and effective security technologies available. There are many cases of theft, fraud. It is no coincidence that the currency is compared to the Wild West, especially if we compare the 1800s when cowboys rushed to the West Coast of America to earn and start something new in a place that had no rules. Cryptocurrency is still wild. One can earn and lose money fast. But Bittrex has a substantial security policy thanks to the team’s huge experience in security and development for companies such as Microsoft, Amazon, Qualys, and Blackberry. The system employs an elastic, multi-stage holding strategy to ensure that the majority of funds are kept in cold storage for extra safety. Bittrex Global also enables the two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection. Bittrex cold wallet: https://bitinfocharts.com/en/bitcoin/address/385cR5DM96n1HvBDMzLHPYcw89fZAXULJP
How to Pass IP Verification
To ensure higher security of your Bittrex Global account, the system requires all users to approve each new IP address through an email confirmation. This IP verification procedure is required every time you attempt to log in from a new IP Address. Confirming your IP address. https://preview.redd.it/rnl730z75zh51.jpg?width=971&format=pjpg&auto=webp&s=bd13fba0a844ab01cadc40003f5ea5de7439cbf9 The new IP address must be confirmed from the device that you are using to access Bittrex Global. This means that you must follow the CLICK HERE TO LOGIN link in an email on the device that you want to use to access your account. https://preview.redd.it/tq9eje795zh51.jpg?width=607&format=pjpg&auto=webp&s=160b2ebfd1b9e0a287d4d2b99017dd45518ef2f7 To ensure even more security, Bittrex Global supports whitelisting of IP addresses and Crypto addresses. These two features can help protect the account in the event of credentials or API key loss.
By setting a withdrawal address, you are telling Bittrex Global to authorize withdrawals only to that address. This concerns both the global.bittrex.com web interface and API based withdrawals. Note that when opting into this feature, you need to specify a withdrawal address would like to withdraw funds from for every currency. To do this, click Withdrawal Whitelist in the Site Settings section. The example below shows a BTC address. https://preview.redd.it/yrror8zd5zh51.jpg?width=974&format=pjpg&auto=webp&s=179dd7da9f6e59d3fca628cbfcd2c3962562f911
Afterword
Bittrex Global is a reliable and advanced platform for trading digital assets with a respected reputation, long history, and active market presence and development nowadays. The exchange is eligible to be used globally, including the US and its territories. The legal component of Bittrex Global is one of the most legitimate among numerous crypto-asset exchanges. The Bittrex team has had great ambitions and managed to deliver promises and more. The exchange staff comprises forward-thinking and exceptional individuals whose success is recognized in the traditional business and blockchain sector. Bittrex's purpose is to be the driving force in the blockchain revolution, expanding the application, importance, and accessibility of this game-changing technology worldwide. The exchange fosters new and innovative blockchain and related projects that could potentially change the way money and assets are managed globally. Alongside innovation, safety will always be the main priority of the company. The platform utilizes the most reliable and effective practices and available technologies to protect user accounts. Bittrex customers have always primarily been those who appreciate the highest degree of security. Because of the way the Bittrex trading platform is designed, it can easily scale to always provide instant order execution for any number of new customers. Bittrex supports algorithmic trading and empowers its customers with extensive APIs for more automated and profitable trading. One of the common features which is not available on the exchange is margin trading. No leverage used however adds up to the exchange's stability and prevents fast money seekers and risky traders from entering the exchange. Bittrex is a force of the blockchain revolution and an important entity of the emerging sector. The full version First part Second part
I keep seeing people making wrong assumptions about the value of COIN, and XYO in general. Hopefully more read this and take note going forward
-“The amount of XYO you receive for 10K coin flucuates based on the price of XYO in USD”. FALSE! Bitcoin and ETH are traded on exchanges directly for $ and these trades dictate their posted “value”. XYO cannot be traded currently for $, and has to be converted into $ through some other crypto. Likely the posted $USD “values” of XYO are calculated from the exchanges for Bitcoin and ETH and their current respective values. Further, the parent company of the app dictates the exchange rate of COIN to XYO
“The vale of 10K Coin is always $5” FALSE! The parent company of the coin app determines the amount of XYO 10k Coin translates to. In the past it has fluctuated quickly keeping up with posted XYO values, but lately (last 2 weeks) the ratio has remained relatively static. The $5 value recently has been actually around $4.50 and lately it has been trending downwards closer to $4.
-“The value of XYO went up! Look at my wallet and how much money I’ve made!” NOPE...just no...Yes it’s exciting that the perceived value of XYO has gone up - it’s something we all look forward too. However, you actually haven’t made ANYTHING until you cash it out. The value of XYO could plummet tomorrow - despite all the graphs posted showing “now is a good time to buy because I drew lines on a chart” you truly can’t predict the whims/confidence of the masses when trading crypto. Last, and most importantly, you currently can’t exchange XYO for $ directly - you have to convert it to another crypto and then sell that crypto. Both steps require a HUGE percentage to be taken off the top, which will reduce your profits further. Factor those losses in, and show what your net gain in profit would be (accounting for how much you bought the XYO for in the first place) and that’s more relevant. Or just don’t brag - I and others don’t care that you think you are a millionaire.
“I’m gonna wait until the ratio of COIN to XYO is back to 1:1” Likely not gonna happen. But that’s ok - we want XYO to gain in popularity and to succeed. Even though it’s not directly determined by the “value” of XYO, for the ratio to go up you need to have the value of XYO to go down. Hodl too long on your COIN and you could miss out on long term gains if the ratio keeps going down. If it was $5 for 10K coin (but it isn’t as explained above), and if XYO’s value hit 1 cent, that would translate to only 100XYO for 10k coin - think about that...
Crypto.com Visa Card: Free Spotify, 10% cashback on groceries, 1-5% on everything else and $50 bonus (now much cheaper)
Crypto.com just changed the conditions for their Visa card making it much cheaper to get one. The cards no longer work with their old MCO cryptocurrency but with their newer CRO coin that they also use for their other products. For the Ruby Steel card tier you now need to buy CRO coin for ~ £123 / €136 and hold it for 6 months (they call it 'staking'). With this tier you get Spotify for free, 10% cashback on groceries, 2% on all your other purchases and a $50 sign-up bonus in CRO coin that you can cash out right away. You can easily recoup the initial cost in less than 4 months (see calculation below) and after that you can still use the benefits. Important note: you don't need to put crypto on the card, you can just load it with GBP and spend it! (For those who already have the card, here are the details of the MCO Swap programme in which your MCO is exchanged for CRO with a 20% bonus) I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 and now they have 3 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The Crypto.com Visa card
Through their app Crypto.com also offers a Visa card. This is a debit Visa card tied to the CRO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of September: 10% cashback at Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the CRO cryptocurrency. You can immediately sell the CRO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy CRO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of CRO is currently around £0,123 / €0,136, meaning that you have to lock £123 / €136 for six months to get the Ruby Steel card. You can earn this back in less than 4 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
1000 CRO (~ £123 / €136)
10000 CRO (~ £1230 / €1360)
Bonus after staking
None
$50 (in CRO)
$50 (in CRO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (less than 4 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of £1000 / €1000 monthly with the card and that you use Spotify. After less than 4 months you will have earned back your initial investment :) But, additionally you also have the extra 10% back on groceries until the end of September and the worth of your CRO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of £62 / €68 which you could add to the value mentioned in the table below (see below about price expectation) .
Value
$50 bonus immediately after staking
£38 / €42
2% cashback on all purchases with the card (assuming montly spend of £1000 / €1000 during 4 months)
£80 / €80
Spotify rebate (£10 / €10 per month)
£40 / €40
Total
£158 / €162
CRO Value
Cryptocurrencies can be volatile, which means that the price can sometimes rise or fall quickly. So keep that in mind if you use a product like this. I personally think that the risk is now limited, because the price of the card has decreased and you can recoup it quite quickly.
Notes
There were some problems with the delivery time in the past, these now seem to be resolved and most people receive the card within 2 to 3 weeks. Problems with long waiting times at customer service also seem to be resolved.
You can easily top up your Crypto.com Visa card with pounds/euros using a credit/debit card without any fees.
All bonuses and cashbacks are paid in CRO coin. You can immediately sell them through the app for pounds/euros (minimum 140, which is around £17). You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
You can transfer money in and out the Crypto.com app without fees using UK Faster Payments (GBP) or SEPA transfer (Euro).
If you want to upgrade to a higher card level, the costs are £/€ 50 (unless your card hasn't shipped yet).
If you want to cancel your card you pay £/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of £/€ 5 per month will be charged if you have available balance on your card.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your Crypto.com card and get cashback for them!
Cryptocurrency market cap rankings, charts, and more. Rank Name Market Cap Price Volume (24h) Circulating Supply Change (24h) Price Graph (7d) Crypto exchange rate calculator helps you convert prices online between two currencies in real-time. Cryptocurrency converter, calculator. Convert any cryptocurrency to dollar, euro or any fiat. Bitcoin, ethereum, ripple to dollar - over 1500 different crypto. Exchange Rate by Walletinvestor.com Exchange Calculator Amount. Currency from . Currency To 1000.000 US Dollar to Ghanaian Cedi 2300.000 Crypto to Pound Sterling 8.000 SwapToken to US Dollar 28000.00 XYO Network to US Dollar 9948.000 Cardano Cryptocurrency calculator & converter You should always confirm current rates before making any transactions that could be affected by changes in the exchange rates. Crypocurrency rates based on the data provided by exchanges APIs. Since rates for actual transactions may vary we are not offering to enter into any transaction at any rate
Bitcoin @ $14,000 A COIN!!!! SHOULD YOU INVEST NOW?
I have tested out the crypto.com exchange for a few months now and I have to say..... watch the video to find out my thoughts. Sign up to crypto.com and earn $50 USD in Bitcoin https://platinum ... The base fee-share rate is 25%, increasing to 75% if you stake for two years. ... Top Crypto Exchange Tokens - Finding the Next Binance - Duration: 26:58. The Crypto Lark 7,906 views. How To Calculate Triangular Arbitrage in Cryptocurrency Forward and Reverse Rates Crypto Wizards - Duration: 6:30. Crypto Wizards 1,821 views. 6:30. Simple Cryptocurrency Arbitrage Strategy ... BITCOIN 25K and Crypto Trading 24/7 - ETH - XRP - BCH - ADA - LTC - XLM - TRX - NEO - IOTA - TRUMP - Duration: 3:59:53. Fat Pig Signals Bitcoin 4,289 views 3:59:53 crypto money cryptocurrency exchange rates cryptocurrency values mining cryptocurrency reddit cryptocurrency sha256 coins ... cryptocurrency calculator cryptocurrency exchanges
