BITCOINOX

Bitcoin OX Wallet

Crypto Currency has played another vital role in the world of the market transaction using another payment method in the selling and buying system. It is an entirely new type of currency that has just started to strike the world mainstream markets. Crypto” or “crypto currencies” are the type of a software system which provides wide transactional for different functionalities to users through the Internet.

The most important function of it is that the system is always in decentralized in nature, which has been critically providing blockchain database system. Crypto currencies and Blockchain have come to be a major element to the world global zeitgeist in the recent, typically, as a result, its price in Bitcoin skyrocketing, this has led millions of people to participate in the market with many of the “Bitcoin exchanges.

The most important point to realize about “Crypto Currency” is that, although it actually serves a purpose (cross-border transactions through the Internet), it does not provide any other financial benefit. In other words, its “intrinsic value” is staunchly limited to the ability to transact with other people; NOT in the storing / disseminating of value (which is what most people see it as).

If you are Buying or selling “Crypto Currency”, it requires you have to choose an Exchange that deals in the products you want to buy and sell, be it Bitcoin, or Litecoin, of which this two are the great one connecting different transaction or any of the over 1300 other tokens in play. There are many Exchanges to choose from and they all do things in their own way. Look for the things that matter to you, for example:

  • The Deposit policies methods and cost method
  • The Withdrawal policies and costs value
  • The type of fiat currencies they deal in for deposits and withdrawals of funds
  • The Products they deal with, such as crypto, bitcoins, Litecoin silver gold, silver, etc
  • The Costs for transactions for each bid
  • Where is this Exchange based are such as- (USA / UK / South Korea / Japan…)

In nutshell, Bitcoin is one of the means of payment transaction from crypto wallet, different view has been considered about the invent payment method that is using Bitcoins is unsafe because they are not regulated, they have no authentic value for exchange, they can be used to make illegal transaction, still all these major market players talk about Bitcoins because it play some vital role such as.

Making Quit payment- bank transactions and similar type such has wire are always taking a long time to deliver, on the other hand, bitcoins transaction are generally waste no time.

They are Inexpensive – in the world of crypto, Bitcoin has been decentralized in nature and most of these bank transactions are by using debit or credit card transactions are instant, you are supposed to be charged a fee for using this privilege. In this type of coins transactions, the cost fees are usually on a low rate, and in most cases, it may free as well.

It is also not chargeback – Once you trade with Bitcoins, the transactions are gone. You cannot reclaim them without having the recipient’s consent. Thus, it has become difficult to commit chargeback fraud, which is often experienced by people with credit cards. People purchase goods and if they find it defective, they contact credit cards agency to make a chargeback, effectively reversing the transaction. The credit card company does it and charges you with costly chargeback fee ranging from $5-$15.

Safe personal details – Credit card numbers get stolen during online payments. Bitcoins transaction does not entail any personal details to get it done. All you need is to combine the private key with you and the Bitcoin key together to do the necessary transaction and at the end, all you need is to ensure that your private key is not accessible by any strangers.

Decentralized Payment Networks…

Using this service you have to note this that “Crypto Currency” is predominantly a decentralized payment network, because of its value to the system people have really began looking into the “Bitcoin” propositionally more and deeply, the reason is that it gives you the ability to send or receive money from anywhere around the world, so long as they have your Bitcoin wallet address.

Many people have invested in this coins business and the ways they make their money has always been due to the “rise in bitcoins price, that means by buying the coin for has “low price” and sell them off for as highest due to increasing in price. Whilst it worked out well for many people, it was actually based off the “greater fool theory” – essentially stating that if you manage to “sell” the coins, it’s to a “greater fool than you”.

This simply means  if you’re looking to get involved with the “cryptocurrencies” in the time-space today, you’re basically looking at buying any of this “coins” (even “alt” coins) which are very cheap and on lower price ( inexpensive), while trending their price to rises in the stock market exchange, you quickly sell them off once their price increase suddenly because none of these “coins” are strongly backed by real-world assets, there is no way to estimate when/if/how this will work.

Future Growth

The rally movement in the year December 2017 has indicated that the large mass adoption of these coins, which has been forecast that is likely the price will continue to grow into the $25,000+ range. That means buying one of the coins today will basically be a huge gamble that this will occur in the future. Selling will be like you win a jackpot.

It means technology space in currencies transaction are moving in light very fast, therefore Ethereal & Ripple are also looking like the next “Bitcoin” in line depend on the acceptability – with the intention on the way they’re able to provide users with the ability to actually utilize “decentralized applications” (DApps) on top of their underlying networks to get functionality to work. This means that if you’re looking at the next level of “crypto” growth, it’s almost certainly going to come from the various platforms you’re able to identify out there.

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