Choose a plastic card for operations with cryptocurrency

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Choose a plastic card for operations with cryptocurrency

If a few years ago, crypto-coins were perceived as another, well-designed fraudulent scheme, then after the rapid growth of the rate of the first digital currency, a huge number of people changed their minds about it. The number of BTC owners increased, Web resources began to develop actively, allowing operations with crypto-currencies, many companies allowed their customers to pay for goods and services using digital money.

The owners of alternative payment methods began to take an active interest in how to use crypto-coins and cash them, where (in what form) is it best to store bitcoins, etherium or lightcoins, are there legitimate ways of exchanging digital money for fiat? Virtually all holders of the military technical cooperation were interested in a plastic card for the withdrawal of Bitcoin (who is the issuer, where it can be issued, how much it will cost, etc.).

The relevance of this topic led to the fact that the Internet began to appear on the Web sites that gave a variety of advice to all those who wish to receive the cherished plastic. And although many web resources provided questionable information, they could not harm their users. But there was also a real threat to the financial condition of the owners of the bitcoins. The demand for exchange services has become a real “gold mine” for inventive scammers. The scale of their activities depended on the “creative abilities” of the authors of illegal schemes and the credulity of potential victims of intruders. To date, recorded a decent number of cases where the owners of digital money, almost voluntarily gave scammers all their cryptonyms, hoping to save on the exchange.

Methods of outputting crypto currency using a bank card

To date, a plastic card for the withdrawal of crypto currency can be of two types:

● a tool for crediting the financial money that the owner of the cryptonym receives from the second participant of the exchange transaction, in return for sending him bitcoins, lightcoins, etc.;

● debit card for digital currencies.

Standard bank card for operations with crypto-currencies

The presented method assumes obligatory attraction of the second subject, interested in carrying out of an exchange. It can be:

● Private person. Two parties to the deal agree on the exchange rate. The owner of the cryptonym sends them to the private person’s wallet, and the latter, transfers the agreed amount to the bank card of the second participant in the exchange transaction. The main drawback is that there is a risk of becoming a victim of a fraudster.

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● The official exchanger. The operation is carried out according to a similar scheme. The main disadvantages – the presence of commissions, there are situations when the resource does not work with small amounts.

● Exchange crypto-currency. In this case, you need to register an account, conduct an exchange directly on the selected platform and only then withdraw money to a bank card (Visa, MasterCard) in dollars or euros. This procedure can be carried out for a long period of time, and you will have to pay both for the exchange itself and for withdrawing funds from the plastic card.

● Payment system WebMoney. Exchange is carried out according to the above algorithm: the crypto currency is sent to an electronic wallet, the system exchanges for the currency, which is displayed on the card. The presented method is available only for purse holders, at least with a formal certificate, while the operation is limited to a small amount of the system’s accepted crypto currency, and for its conduct it is necessary to pay two commissions. The main advantage – the absence of any risks associated with the operation.

Analysis of debit plastic cards for crypto currency

Cards that are designed to store and conduct operations with digital money, practically do not differ from standard banking products. Therefore, their owners should be ready to pay commission fees for maintenance, conducting transactions, withdrawing cash, as well as for reporting on the state of the account and re-issue of plastic.

Well-known companies specializing in the manufacture of plastic cards

Each plastic card, the crypto currency and the issuer of which is not legally connected in any way, can cause loss of savings, both in case of a sharp drop in the rate of digital money, and as a result of bankruptcy of the plastic manufacturer. Every potential owner of the following cards should remember this:

● Wirex. It is integrated with Visa and MasterCard payment systems, the main currency is BTC, but also accepts a number of other cryptonyms. You can bind to PayPal and Skrillex. The owner pays for plastic production, delivery, cash withdrawal, operations abroad and for reports on the status of the account.

● Xapo. Supports: MTC, British pound, euro and dollar. To get the card, you need to go through full verification and pay for making $ 20. The owner pays a commission for withdrawing cash ($ 2.5-3.5), the first year of using $ 12 and for international transactions of 3% of the amount.

● BitPay. Of the currencies, only the dollar is supported, you need to pay $ 9.95 for making the card. Very convenient to use.

● TenX. A multi-currency card for which a virtual analog is provided. Cost of manufacturing and delivery is 15 dollars, inexpensive to maintain.

● Monaco. You do not have to pay for the release and delivery of plastic, there are no monthly commissions. In case of payment for the value of goods by digital money, the owner receives 2% to his account.

● SpectroCoin. The cost of making $ 9, paid for cash withdrawal, international transactions and an annual fixed amount of $ 12.

When you need a plastic card for crypto currency

The daily usage of submitted cards to pay current expenses is irrational. The owner will have to recalculate the real balance on the account all the time (and the exchange rate changes very often), pay a decent commission for withdrawing cash and monitor the situation on the stock exchanges crypto-currency. But plastic allows you to quickly use digital money and quickly translate them into the fiat ones. It is not only convenient, but also profitable: the cardholder can exchange in case of sudden changes in the rate of military technical cooperation or other crypto-monitors.

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Choose a multi-currency wallet for cryptocurrency

A multi-currency wallet for cryptocurrency is a wallet that supports several types of digital coins. This is the most convenient means of storing and exchanging crypto currency. There are such wallets as an online, mobile, local and hardware, based on the type of storage of crypto currency (read more here). Below, we selected the most popular variants, taking into account which platform they work on and what crypto currency they support.

Coinbase – founded in June 2020, is a wallet and a platform for digital currencies, where traders and buyers are able to perform transactions with bitcoin, ether and lightcoin. The company is located in San Francisco, California.

Type of wallet – Mobile, Online

Platform – iOS, Android, Web Browsers

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH)

KeepKey is a hardware cash-in-transit wallet that protects the trader’s assets from hackers and thieves, since the purse software takes control of the secret key generation, the secret key storage and the signing of the transaction. This private key is generated directly using its own random number generator in conjunction with the randomness provided by the user’s computer. With KeepKey, every transaction that is conducted will be verified with the help of OLED-display and approved only after clicking the confirmation button of its execution.

Type of wallet – Hardware

Platform – Mac OSX, Linux, Android

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Doge (DOGE), Namecoin (NMC)

Ledger is a leader in security and innovative solutions for crypto-conversions. The headquarters of Ledger are in Paris, Vierzon and San Francisco. The company was founded in 2020.

Type of wallet – Hardware

Platform – USB, Web Browser – Google Chrome

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum Classic (ETC), ZCash (ZEC), Ripple (XRP) Doge (DOGE), Stratis (STRAT), Komodo (KMD), Ark (ARK), Expanse (EXP), Ubiq (UBQ), Vertcoin (VTC), Viacoin (VIA), Neo (NEO), Stealthcoin (XST) Stellar (XLM), Hcash (HSR), Digibyte (DGB), Qtum (QTUM)

Jaxx – created in 2020 by Anthony Dirio, co-founder of Ethereum. This wallet, running on iOS, Android, Windows, Mac and other platforms, which contains 25 crypto-currencies and available tokens.

Type of wallet – Desktop, Mobile, Online

Platform – Mac OSX, Linux, Windows, iOS, Android, Web Browsers – Google Chrome / Firefox

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Bitcoin Cash (BCH), Ethereum Classic (ETC), ZCash (ZEC), Doge (DOGE), Golem (GNT), Augur (BAC), Basic Attention Tokens (BAT), Gnosis (GNO), Digix (DGD), Iconomi (ICN), Monaco (MCO), Bancor (BNT), Aragon (ANT), TokenCard (TKN), Civic (CVC) STOX (STX), EOS (EOS), FirstBlood (1ST), Status (SNT), Po.et (POE), Qtum (QTM), Wings (WNG), Edgeless (EDG), Melon (MLN), Cofound. (CFI), Matchpool (GUP), Creditbit (CRB), iExec RLC (RLC), Musiconomi (MCI), Santiment (SAN), Maecenas (ART), Salt (SLT), TenX (PAY), Enjin (ENJ) , BlockMason (BCP), Etherparty (FUL), DomRaider (DRT), PayPie (PPP), Unikoin Gold (UKG), Presearch (PRE)

Trezor is a crypto-currency wallet that provides a high level of security without damaging the user’s convenience. Trezor allows you to quickly connect the storage to your computer and conduct a transaction is completely safe, even if the computer was susceptible to hacking.

Type of wallet – Hardware

Platform – USB, Web Browsers

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum Classic (ETC), ZCash (ZEC), Expanse (EXP), Ubiq (UBQ), NEM (XEM), Doge (DOGE), Namecoin (NMC), ERC-20 Tokens

Exodus is a multiprocessor crypto-currency wallet with an easy-to-use interface. This wallet has a built-in exchange mode, with which you can exchange the coins supporting them in a moment. The wallet will be safe and always ready for use thanks to the backup wizard.

Type of wallet – Desktop

Platform – Mac OSX, Linux, Windows

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Golem (GNT), Augur (REP), Decred (DCR), EOS (EOS), Aragon (ANT), Gnosis (GNO), OmiseGo (OMG), Basic Attention Token (BAT), Civic (CVC), SALT (SALT), FunFair (FUN), District0x (DNT)

Cryptonator is a multi-currency online wallet for storing crypto-currency, which allows you to simultaneously store and exchange the crypto-currencies it supports between you or the usual currency (USD, EUR, RUR, UAH). Cryptonator is a completely anonymous online crypto-wallet, a father-in-law does not need to undergo a verification procedure.

Type of wallet – Mobile, Online

Platform – iOS, Android, Web Browser – Google Chrome

Cryptocurrency i- Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Bitcoin Cash (BCH), Ripple (XRP), Monero (XMR), ZCash (ZEC), Doge (DOGE), Peercoin PPC)

Freewallet is an easy and fast operation with Bitcoin Gold and other digital coins regardless of the time and place of your location. Using this wallet opens the possibility to conduct instant operations with crypto-currencies and make profit from investments.

Type of wallet – Mobile

Platform – iOS, Android

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Monero (XMR), ZCash (ZEC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Doge (DOGE), Tether (USDT), Lisk (LSK), Steem (STEEM), Decent (DCT), Nxt (NXT), Ardor (ARDR), Fantomcoin (FCN), Bytecoin (BCN), DigitalNote (XDN), Bancor (BNT), EOS (EOS)

HolyTransaction is a multi-currency online wallet for storing 15 kinds of crypto-currency.

Type of wallet – Online

Platform – Web Browser – Google Chrome

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), ZCash (ZEC), Doge (DOGE), Decred (DCR), Tether (USDT), GameCredits (GAME), Omni ), Syscoin (SYS), Peercoin (PPC), BlackCoin (BLK), FairCoin (FAIR), GridCoin (GRC)

Coinomi is a crypto-currency wallet that supports around 80 crypto-currencies. Behind it is assigned the second place in the list of applications for devices running on Android. Coinomi is primarily free use and available source code.

Type of wallet – Mobile

Platform – Android

Cryptocurrency – Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum Classic (ETC), ZCash (ZEC), Auroracoin (AUR) Bela (BELA), BlackCoin (BLK), BritCoin (BRIT), Canada eCoin (CDN), DigiByte (DGB), Doge (DOGE), Einsteinium (EMC2), GameCredits (GAME), GridCoin (GRC), Gulden (NLG) , Internet of People (IOP), LBRY Credits (LBC), Linx (LINX), MonaCoin (MONA), Peercoin (PPC), PinkCoin (PINK), PIVX (PIVX), Stratis (STRAT), Syscoin (SYS), Verge (XVG), Vertcoin (VTC), ZenCash (ZEN)

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“Cryptocurrency fraud” or How to become a victim of scams?

The attention of millions is focused on the topic of earnings on cryptocurrency, which, apparently, is close to its “logical limit”. In any case, evidence of this are numerous complaints and facts of cryptocurrency fraud. The most popular methods of deception were: hacking electronic cryptocurrency wallets, investing over the phone, as well as buying coins with the help of brokerage companies.

Ponzi Scheme is an investment scheme allowing earlier investors to obtain an income from investments of funds from the later. Initially, all this may seem like a legitimate way to earn money, but it is being destroyed. This is usually due to the weak arrival of new investors. In other words, the amount received is not enough to cover the costs of payments to old investors. Often a Ponzi Scheme scammers use to capitalize on hype over a popular financial topics. This is easily explained by the fact that its organizers almost do not have to put much effort, because the subsequent investor pulls a new one, and so in a circle, as long as the network does not collapse from a lack of money.

All this, in fact, is a pyramid scheme. Scammers will play on your desire to get rich and feed you promises of great profits on Deposit rates. Initially, as we have already said, this whole thing will really give the promised result. But alas not for long. Cards are opened already at the first shortage of new investors. The pyramid begins to lose the necessary inflow of money, after which the fraud can not be ignored. Therefore, if you jumped on the train at the beginning of its journey, then you were lucky enough, but if it’s the last wagon, then, most likely, you woudn’t see the promised gold mountains.

Cryptocurrency is a “gold mine” for scammers. To date, there are more than enough ways to buy a cryptocurrency, and for each such method there are a hundred-other Dodgers ready to cash in on trusting, inexperienced and inattentive people.

Phishing is sending owners of cryptocurrency for e-mail letters. Such letters contain a notification of the victory in any action and the need to click on the link attached to the letter to receive the gift. All the salt is that the link will lead to the wallet where the cryptocurrency is stored, passing on which the user automatically sends data to the scammers. After that, the scammers easily at any time can log in to the wallet and emptied it.

Fake mining implies no need of buying an expensive equipment for mining bitcoins, and take it for rent. In simple words, you are offered to mine on the equipment of other people, while you do not mine-trite deceive. Ask how so? After all, people make a profit! Yes, indeed, it may be that you get a exhaust on the first couple, but do not delude yourself, these money will transfer you fraudster personally to you invested more. And when you fell and once again was transferred a higher amount in anticipation of the expected profit, miraculously, it turns out that it was all a hoax. The fraudster will simply take the funds and disappear from the radar, and you will be left without money and equipment.

Cryptocurrency is a “HYIP”, thanks to this divorced so many scams and speculation on this topic.

Bitcoin wallets are anonymous, which is why scammers can easily offer to use the program to transfer bitcoins anonymously. At first everything will go well. It would seem that the wallet is working fine but after some time (a week, a month and sometimes even a year), your wallet becomes empty in a jiffy. Scammers can easily transfer all the coins into their own wallet and write missing. Therefore, carefully approach the choice of the location of storage of cryptocurrency, before using dubious offers.

Bitcoin exchanges with attractive very low commission. Dishonest cryptocurrency exchange offering a small fee for processing your credit card, you get access to it. As a result, bitcoins were not transferred, and the card balance is zero. Ask how to navigate then? The answer is obvious-if the Commission in the exchanger is below the market, then scammers work here. Another trap will be hacker attacks on Internet services and exchangers, in order to gain access to them, as well as to manage bitcoin wallets.

Do not forget about the importance of protecting your funds from scams. Even a cursory authentication and security of the service used, can prevent possible losses. Before you use the services of exchange offices, stock exchanges, brokers and take your time and find reviews and information podtverzhdayuschye their reliability. On the Internet, it is difficult to hide anything, so you will not be difficult to find true data. Additionally, for your own peace of mind, alternatively contact the owners of the service.

Do not become a victim of a Cryptocurrency Fraud! Use only proven by traders service from IQ Options!

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