Should I Use VPN for Cryptocurrency Transactions? (2020)

Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

Changpeng Zhao responde a acusaciones y ratifica que Binance opera apegado a la ley

Changpeng Zhao responde a acusaciones y ratifica que Binance opera apegado a la ley


Binance opera apegado a la ley, ratificó su CEO, Changpeng Zhao (CZ), en respuesta a las acusaciones de que el exchange se estableció en Estados Unidos (EE.UU.) para eludir las regulaciones y obtener ganancias subrepticias de los inversores.
Binance «siempre ha operado dentro de los límites de la ley», escribió ZC en Twitter, con lo cual respondió a un artículo de Forbes del 29 de octubre.
En la publicación, el periodista Michael Del Castillo aseguró haber obtenido una supuesta presentación filtrada que describe planes de Binance para operar en EE.UU.
«No reconocemos el supuesto documento», indicó al respecto Zhao.
El documento asegura que en 2018, antes del lanzamiento de Binance.US, el intercambio de cifrado tenía la intención de establecer una «entidad de Tai Chi» en EE.UU.
De esa manera actuaría como un tipo de pararrayos regulatorio para proteger las principales operaciones de la aplicación.
«Si bien la entidad entonces anónima estableció operaciones en Estados Unidos para distraer a los reguladores con un interés fingido en el cumplimiento, se implementarían medidas para mover los ingresos en forma de tarifas de licencia y más a la empresa matriz, Binance», dice el artículo.
«Mientras tanto, a los clientes potenciales se les enseñaría cómo evadir las restricciones geográficas mientras se implementaban soluciones tecnológicas«, agrega.

CZ: El documento no lo hizo un empleado de Binance

CZ agregó que el supuesto documento «no fue producido por un empleado de Binance».
Castillo cree que el exempleado Harry Zhou creó la presentación.
CZ explicó que el hecho de que la firma haya abierto intercambios en varios países es evidencia de que está dispuesta a cumplir con el marco regulatorio, «con las licencias y aplicaciones adecuadas».
Agregó que Binance «tiene una colaboración muy sólida con muchas agencias de aplicación de la ley, notables en todo el mundo».
Incluso, recordó que las operaciones de Binance en EE.UU. tienen «restricciones y procedimientos operativos muy fuertes».
El informe de Forbes describe paralelismos entre el plan de Tai Chi, supuestamente concebido en 2018, y la trayectoria de Binance.US, que se lanzó en septiembre de 2019.
El intercambio actualmente opera en 40 estados de EE.UU.
Castillo dijo que el documento sugería que la entidad comercial participaría en el programa de piedra angular del Departamento de Seguridad Nacional de EE.UU. para detectar debilidades en los sistemas financieros y «distraer» a las agencias.
Entre estas, menciona la Red de Ejecución de Delitos Financieros del Departamento del Tesoro de EE.UU. (FinCEN), la Oficina de Control de Activos Extranjeros (Ofac), la Securities and Exchange Commission (SEC), la Commodity Futures Trading Commission (CFTC) y el New York Department of Financial Services (NYDFS).
Según Forbes, el brazo de Binance en Estados Unidos lo hizo.
La estructura de propiedad de Binance.US, operada por BAM Trading Services en San Francisco, también es un misterio.
La directora ejecutiva Catherine Coley ha afirmado que no hay vínculos de propiedad con Binance.
Incluso, CZ llama a Binance.US «un mercado independiente«.
Sin embargo, Castillo asegura en el artículo que el documento filtrado indicaba que BAM continuaría manejando la licencia de la «tecnología de comercio y billetera» del exchange.
La presentación también supuestamente pedía que la entidad comercial usara redes privadas virtuales (VPN) para ocultar las ubicaciones de los comerciantes de criptomonedas y eludir las regulaciones.
En respuesta, CZ escribió: «Cualquiera puede producir un ‘documento de estrategia’, pero eso no significa que Binance los siga».
submitted by Morocotacoin to CryptoMexico [link] [comments]

Changpeng Zhao responde a acusaciones y ratifica que Binance opera apegado a la ley

Changpeng Zhao responde a acusaciones y ratifica que Binance opera apegado a la ley


Binance opera apegado a la ley, ratificó su CEO, Changpeng Zhao (CZ), en respuesta a las acusaciones de que el exchange se estableció en Estados Unidos (EE.UU.) para eludir las regulaciones y obtener ganancias subrepticias de los inversores.
Binance «siempre ha operado dentro de los límites de la ley», escribió ZC en Twitter, con lo cual respondió a un artículo de Forbes del 29 de octubre.
En la publicación, el periodista Michael Del Castillo aseguró haber obtenido una supuesta presentación filtrada que describe planes de Binance para operar en EE.UU.
«No reconocemos el supuesto documento», indicó al respecto Zhao.
El documento asegura que en 2018, antes del lanzamiento de Binance.US, el intercambio de cifrado tenía la intención de establecer una «entidad de Tai Chi» en EE.UU.
De esa manera actuaría como un tipo de pararrayos regulatorio para proteger las principales operaciones de la aplicación.
«Si bien la entidad entonces anónima estableció operaciones en Estados Unidos para distraer a los reguladores con un interés fingido en el cumplimiento, se implementarían medidas para mover los ingresos en forma de tarifas de licencia y más a la empresa matriz, Binance», dice el artículo.
«Mientras tanto, a los clientes potenciales se les enseñaría cómo evadir las restricciones geográficas mientras se implementaban soluciones tecnológicas«, agrega.
CZ: El documento no lo hizo un empleado de Binance
CZ agregó que el supuesto documento «no fue producido por un empleado de Binance».
Castillo cree que el exempleado Harry Zhou creó la presentación.
CZ explicó que el hecho de que la firma haya abierto intercambios en varios países es evidencia de que está dispuesta a cumplir con el marco regulatorio, «con las licencias y aplicaciones adecuadas».
Agregó que Binance «tiene una colaboración muy sólida con muchas agencias de aplicación de la ley, notables en todo el mundo».
Incluso, recordó que las operaciones de Binance en EE.UU. tienen «restricciones y procedimientos operativos muy fuertes».
El informe de Forbes describe paralelismos entre el plan de Tai Chi, supuestamente concebido en 2018, y la trayectoria de Binance.US, que se lanzó en septiembre de 2019.
El intercambio actualmente opera en 40 estados de EE.UU.
Castillo dijo que el documento sugería que la entidad comercial participaría en el programa de piedra angular del Departamento de Seguridad Nacional de EE.UU. para detectar debilidades en los sistemas financieros y «distraer» a las agencias.
Entre estas, menciona la Red de Ejecución de Delitos Financieros del Departamento del Tesoro de EE.UU. (FinCEN), la Oficina de Control de Activos Extranjeros (Ofac), la Securities and Exchange Commission (SEC), la Commodity Futures Trading Commission (CFTC) y el New York Department of Financial Services (NYDFS).
Según Forbes*,* el brazo de Binance en Estados Unidos lo hizo.
La estructura de propiedad de Binance.US, operada por BAM Trading Services en San Francisco, también es un misterio.
La directora ejecutiva Catherine Coley ha afirmado que no hay vínculos de propiedad con Binance.
Incluso, CZ llama a Binance.US «un mercado independiente«.
Sin embargo, Castillo asegura en el artículo que el documento filtrado indicaba que BAM continuaría manejando la licencia de la «tecnología de comercio y billetera» del exchange.
La presentación también supuestamente pedía que la entidad comercial usara redes privadas virtuales (VPN) para ocultar las ubicaciones de los comerciantes de criptomonedas y eludir las regulaciones.
En respuesta, CZ escribió: «Cualquiera puede producir un ‘documento de estrategia’, pero eso no significa que Binance los siga».
submitted by Morocotacoin to u/Morocotacoin [link] [comments]

Decentr ($DEC) - foundational cross-chain and cross-platform DeFi protocol

  1. SUMMARY
Decentr is a protocol designed to make blockchain/DLT mainstream by allowing DeFi applications built on various blockchains to “talk to each other”. Decentr is a 100% secure and decentralised Web 3.0 protocol where users can apply PDV (personal data value) to increase APR on $DEC that users loan out as part of of our DeFi dLoan features, as well as it being applied at PoS when paying for stuff online. Decentr is also building a BAT competitor browser and Chrome/Firefox extension that acts as a gateway to 100% decentralised Web 3.0
Allows DeFi Dapps to access all Decentr’s dFintech features, including dLoan, dPay. Key innovation is that the protocols is based on a user’s ability to leverage the value of their data as exchangeable “currency”.
  1. KEY CONCEPTS

  1. REVENUE MODEL
A fee is charged for every transaction using dPay whereby an exchange takes place between money (fiat and digital) and data, and vice versa, either as part of DeFi features or via a dApp built on Decentr. They are launching pilot programmes in the following industries:
  1. Banking/PSP Industry: On Product launch, due to Decentr’s powerful PSP connections (including the worlds #2 PSP by volume), a medium-scale pilot program will be launched, which will seed the network with 150,000 PSP customers in primarily the Spanish/LAC markets, generating revenue from day one.
  2. “Bricks and Mortar” Supermarket/Grocery Industry: Decentr aims to ensure the long-term competitiveness of “bricks and mortar” supermarkets against online-only grocery retailers, such as Amazon, by a) building secure tech that allows supermarkets to digitise every aspect of their supply chains and operational functions, while b) allowing supermarkets to leverage this incredibly valuable data as a liquid asset class. Expected revenue by Year 5: $114Mn per year.
  3. Online Advertising Industry: Decentr’s 100% decentralised platform credits users secure data with payable value, in the form of PDV, for engaging with ads. The Brave browser was launched in 2012 and in 8 years has reached over 12 million monthly active users, accented by as many as 4.3 million daily active users.
  4. TOKEN $DEC AND SALE
Decentr recently complete their token sale on a purchase portal powered by Dolomite where they raised $974,000 in 10 minutes for a total sale hardcap of 1.25M. The $DEC token is actively trading on multiple exchanges including Uniswap and IDEX. Listed for free on IDEX, Hotbit, Hoo, Coinw, Tidex, BKex. Listed on CoinGecko and Coinmarketcap. Listed on Delta and Blockfolio apps.
➡️ Circulating supply: 61m $DEC.
➡️ Release schedule and token distribution LINK -> NO RELEASE UNTIL 2021.
➡️Contract Address - 0x30f271C9E86D2B7d00a6376Cd96A1cFBD5F0b9b3
➡️Decimals - 18, Ticker - DEC
➡️Uniswap link: https://uniswap.info/pai0x3AEEE5bA053eF8406420DbC5801fC95eC57b0E0A
⭐️ HOW TO BUY VIDEO: https://www.youtube.com/watch?v=iloAiv2oCRc&feature=youtu.be
$DEC Token utility:
A tradeable unit of value that is both internal and external to the Decentr platform.A unit of conversion between fiat entering and exiting the Decentr ecosystem.A way to capture the value of user data and combines the activity of every participant of the platform performing payment (dPay), or lending and borrowing (dLend), i.e a way to peg PDV to tangible/actionable value.Method of payment in the Decentr ecosystem.A method to internally underwrite the “Deconomy.
  1. NOTABLE SUPPORTERS
Simon Dedic - chief of Blockfyre: https://twitter.com/scoinaldo/status/1283787644221218817?s=20https://twitter.com/scoinaldo/status/1283719917657894912?s=21
Spectre Group Pick : https://twitter.com/SPECTREGRP/status/1284761576873041920https://twitter.com/llluckyl/status/1283765481716015111?s=21
Patrons of the Moon/Lil Uzi: https://t.me/patronsofthemoon/6764
CryptoGems: https://twitter.com/cryptogems_com/status/1283719318379925506?s=09t
tehMoonwalker pick who is a TOP 5 influencer per Binance:https://twitter.com/tehMoonwalkestatus/1284123961996050432?s=20https://twitter.com/binance/status/1279049822113198080
Holochain was one of their earliest supporters and they share a deep connection (recently an AMA was conducted in their TG group): https://medium.com/@DecentrNet/decentr-holochain-ama-29d662caed03
  1. UPCOMING NEWS
--------------------------------------------
  1. RESOURCES:
Website: https://decentr.net
Telegram: https://t.me/DecentrNet
Medium: https://medium.com/@DecentrNet
Twitter: https://twitter.com/DecentrNet
Whitepaper: https://decentr.net/files/Decentr_Whitepaper_V1.4.pdf
Technical Whitepaper: https://decentr.net/files/Decentr_Technical_Whitepaper_Data_As_Economic_Currency.pdf
Recent Articles:
⚡️- https://medium.com/@DecentrNet/decentr-token-sale-metrics-and-distribution-483bb3c58d05
⚡️- https://medium.com/@DecentrNet/how-decentrs-defi-dloan-function-benefits-dec-holders-97ff64a0c105
⚡️- https://medium.com/@DecentrNet/3-vertical-revenue-streams-decentr-is-targeting-4fa1f3dd62de
⚡️- https://medium.com/@DecentrNet/brave-browser-the-good-the-bad-and-the-fundamentally-misguided-8a8593b0ff5b
⚡️- https://medium.com/@DecentrNet/how-decentrs-dfintech-replaces-swift-sct-inst-clearing-house-and-other-payment-solutions-78acacbb4c3f
Chad Gang STRONG Community: https://t.me/decentrtrading
Community News Channel: https://t.me/chadnews
Recent Uniswap trades: https://t.me/dectrades
Wallet holder tracker: https://t.me/DEC_WALLETS_COUNT
submitted by ldd999 to CryptoMoonShots [link] [comments]

Breaking News: Russia Outlaws Binance

Breaking News: Russia Outlaws Binance
Russian telecom regulator, Roskomnadzor, has notified the world’s largest cryptocurrency exchange Binance that it blacklisted the exchange for “spreading information related to the acquisition of digital currencies”. Basically, it means that Russian users won’t be able to access the exchange without the use of special tools like VPNs, anonymizers, or proxy servers after the local telecom operators start to enforce the ban.
by StealthEX
So far the exchange site is still accessible without taking any additional steps. Binance promises that there will be no disruption to their services for Russian users, and that they are going to challenge this decision in the court of law. Now the exchange is looking for legal counsel before taking further action. Anyway, it seems to remain unflinching in its plan to launch a cryptocurrency payment card for Russian users later this year.
The good news is that many top dogs in the cryptocurrency exchange services arena, for example, LocalBitcoins, have been banned for years, and it didn’t stop crafty Russians from using the services. You wouldn’t really expect highly sophisticated crypto traders to be warded off with these mostly useless measures. Roskomnadzor had become famous for banning Telegram in 2018, and then even more famous for having to admit losing this battle, even though it took two long years and a virus pandemic to recognize the failure.
And the utmost irony in all of this is that the Binance ban is in stark contrast with the recent proposal of Russia’s Ministry of Finance. It came up with a bill on making individuals report their crypto operations for taxes, which kinda assumes legality of these operations. The authority also proposes that cryptocurrency exchanges should quarterly report transactions of Russian users. But seriously, how do they see approaching Binance if it is not supposed to be available from Russia?
If you are going to make sense of it all, you will have a hard time. Any sane person trying to find reason behind the steps taken toward cryptocurrency regulation by the Russian government and its public services would likely end up with cognitive collapse. But it may be a mistake to assume there is a reason in the first place as these moves can be adequately explained by lack of genuine understanding what cryptocurrencies essentially are. You simply can’t fight crypto with bans and prohibitions.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected]
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/09/25/breaking-news-russia-outlaws-binance/
submitted by Stealthex_io to StealthEX [link] [comments]

Weekly Update: 4th Parachute League on Crypto Leagues, $ESH on CoinBene, Sentivate + NordVPN, Wibson at EthereumBA…– 29 May - 4 Jun'20

Weekly Update: 4th Parachute League on Crypto Leagues, $ESH on CoinBene, Sentivate + NordVPN, Wibson at EthereumBA…– 29 May - 4 Jun'20
Sup folks! Here’s Part III of VI of our May-June update catchup (29 May - 4 Jun'20):

For this week's #fridayprompt Jason got Parachuters to talk about items "from your childhood that you hold very dear to your heart" and why. Super congrats to Evan (TheEnjineer) for winning this week’s Parena and taking home a cool 20k $PAR. Naj hosted a 2 part trivia in TTR for 10k $PAR in prizes. Peace Love held his “Big Trivia” on Sunday. Victor hosted one in Tiproom as well. The Crex24 exchange peeps were nice enough to add $PAR as one of the contenders in their latest vote-for-listing round. Parachuters put up a great fight even though we didn’t make it in the end. But it was fun. The 4th Parachute League with a prize pool of 100k $PAR will be going live on Crypto Leagues next week. Paper trade your way to glory! For Two-For-Tuesday Gian got folks to share music that had "bands or song titles whose name has a number in it" for 500 $PAR. Like always, Sebastian volunteered to set up the playlist. Enjoy!
LordHades' collection of Turbo Cards were his entry to this week's #fridayprompt
Matthew from aXpire wrote about LEDES and why it mattered for eBilling. This week saw 200k $AXPR burned as part of the monthly burn event. 2gether CEO Ramon Ferraz shared about some of the recent challenges that they had to overcome in order to keep the ship sailing. The latest #XIOSocial prompt was focused on Citizens and we got to know more about the people behind some of the active XIDs. Dash shared an update on the newest developments on the dApp. Birdchain team published an important reminder for everyone about avoiding scams. If you missed Voyager CEO Stephen Ehrlich’s crypto investment webinar last week, fret not. You can watch it here. The June interest rates look pretty enticing. Still considering whether to get into Voyager? This article might help. Josh from Switch was interviewed by Bitcoin.com exchange this week. $ESH got listed on CoinBene. Folks new to Fantom can watch this intro video for a quick roundup. Uptrennd’s $1UP token was chosen for HitBTC’s latest token listing poll. Uptrennd continues to feature among the top monetized social media platforms by monthly pageloads. For the latest news roundup, click here. The team also announced a partnership with Global Digital Assets to expand market reach and user growth. A new update to the Opacity platform was released this week. Click here to read the latest District0x weekly report. Hydrogen integrated identity verification solution IDology to its platform for KYC checks. Don’t forget to check out Hydro’s report on Payments as a Service (PaaS) and how it will play a key role in Fintech. The ecosystem is growing too with 26 companies applying for Hydro grants to build on the platform. Silent Notary’s Ubikiri released a crowdfunding solution this week.
The fintech space continues to grow at breakneck speed: Source: Hydro’s PaaS report
Harmony turned 1 this week and announced that Binance’s $BUSD stablecoin will be added to its mainnet. The first ever HRC20 token went live on Harmony as well. ThreeFold announced support for Open Staking on its grid. In addition to $KEY as mentioned above, $ONE was listed on Swapzone as well. Edge and Atomic Wallet will support $ONE as well. All foundational node tokens have been committed to Open Staking. 3.5+ Bn $ONE are now staked by 195 validators. Congratulations to the winners of the Flash Quiz from last week. The team also sat down for an AMA with CoinDCX. The latest community proposal was discussed in a fireside chat. And what a fun way to represent your team. Haha. Did I miss out something? Check out the news roundup in case I did. Intellishare will be creating a fund to support products on its mainnet in order to build the $INE ecosystem. Read the detailed May update for GET Protocol here. $COTI got listed on Indodax. The first recipients of COTI Staking 2.0 rewards received anywhere between 28% to 43% in annualized returns. Read all about it here. Another round of KuCoin staking was launched this week. And if you already didn’t know, node operators can set their own full node fee on the COTI network. DoYourTip’s $DYT token got listed on Txbit exchange with eight different fiat trading pairs. Woohoo!
Yup, that’s the Harmony team. Good Luck figuring them out :D
SelfKey published a guide to key concepts in crypto lending. Australian crypto-lending solution Helio Lending joined the Loans Marketplace. $KEY was added to My Crypto Stats tracker and Swapzone exchange aggregator. The May progress report was published as well. To keep track of the dev updates, you can also check CoinCodeCap. For a high level understanding of how data flows are handled by Constellation, watch this video explainer by Wyatt. All the moving parts of the Hypergraph ecosystem were listed out here. Pynk’s crowdfunding campaign (which went live last week) was overfunded by 133% of the target within 9 hours. The team also did an AMA with the community as the fundraise went on. If you missed it, you can watch it here. CEO Seth Ward’s thoughts on the effects of COVID-19 on the tech sector was published in a Business Leader article. CyberFM completed its May payments this week. Click here to watch Wibson’s presentation at the Ethereum Buenos Aires event from last week. Wibson Marketing Manager Fiorella Scantamburlo spoke about digital identity at the Latam Blockchain Summit this week. Plus, here’s a handy guide to find out if your Facebook account is truly private. Sentivate’s first technology partner was revealed – it is NordVPN. This was quickly followed by a significant update. The development on the Mycro Hunter App continues unabated.

And with that, we have to close for this week! See you again with another update. Bye!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Few thoughts about Brave & BAT



BAT (brave browser token) is seriously slept on, hear me out.
  1. Brave is the most popular crypto application, gaining serious traction lately, these numbers are impressive: https://batgrowth.com/
  2. In many ways, a browser can and in most cases are an entry point to the internet, its not unreasonable to think that a browser could position itself as the entry point to crypto for millions of users.
  3. There are many advantages of being the entry point for a huge chunk of users, for example, how does a wallet addon survive if Brave creates its own native noncustodial wallet? How about a Dex.. The list goes on. The guy who controls the entry point has a lot of power. No one is positioned better than Brave in that regard.
  4. The BAT token is slowly being integrated all over, no other similar token is even close. Once they reach a certain level of adoption it will be extremely difficult for anyone to compete. Similarly to how social media platforms have a lock on their segment, the users themselves become a huge incentive and growth driver.
  5. Brave browser has a truly revolutionary element to it, users can earn real money by allowing ads. Not only that users can choose to donate/reward their favorite content creators directly, either auto or manually. No one else does it, the closest anyone has ever come to something similar is rewarding a few % worth of coupons.
  6. Brave users can earn serious money, you can earn more by browsing the web than what the poorest 1billion of people on earth earn by working. Think about that for a second. (You would have to exclusively browse brave verified websites, but with so many publishers joining I frequently land on sites that are verified)
  7. Brave also has a powerful and honorable mission, to protect user's privacy and remove the status quo with massive privacy-intrusive practices of selling users data. Something that is slowly becoming a mainstream concern.
  8. The Bat token has several very healthy mechanics that could see it take off. First of all, every advertiser would have to buy the Bat token to pay for their ads to be displayed. This creates volume and continuous demand.
  9. But what many fail to realize is that with BAT there will be a MUCH larger loss of coins than any other crypto, millions of people having various devices where they have earned a few Bat, they lose their phone, forget about the wallet.. They haven't paid for anything, they may not even know it could become valuable. No idea how to estimate the numbers yearly but it has to be a ridiculous amount of tokens that exit circulation.
  10. If Brave continues to grow, BAT could take on new lifeforms. It would be the cryptocurrency most people have available at their fingertips. It would make sense for all sorts of merchants to start accepting it. Especially those merchants that sell inexpensive services such as VPN, domains, streaming and so forth. Brave could also incorporate scheduled billing easily, ability to swap to/from other tokens, lend out Bat, Loan Bat, all defi.
  11. Brave might become one of the most important entry points as outlined above, that would give huge incentives for other projects to accommodate and cater to BAT holders, similarly to how Binance, for example, enables airdrops and various incentives given to their costumers Brave could also encourage new partners to create advantages and perks for BAT.
  12. BAT protocol is separated from Brave, so other browsers and unaffiliated tech could join the ecosystem and instantly gain value from the already widespread existing use of BAT. Its a genius by Brave to have structured it this way imo, it drastically increases the chances that BAT could become the default "attention token".
  13. If Bat accomplishes its goal, it will see a Bitcoin-like growth in value, in fact, it could bc of its unique positioning/angle overtake and become more widely used than bitcoin itself. We could also speculate that the BAT wallet ultimately would allow for Bitcoin atomic swaps, enabling users to earn Bitcoins or Eth instead of BAT if they choose. (With a slight penalty or burn I would assume)
submitted by Whty1k to CryptoCurrency [link] [comments]

BINACE CUSTOMER SUPPORT NUMBER +1(888)-780-0222


BINANCE SUPPORT NUMBER +1-888-780-0222

when Binance was an upstart cryptocurrency exchange fresh off the back of its own ICO, its public image wasn’t quite as clean cut.
Screenshots still exist of an exchange between DigiByte (DGB) community members and Binance Director of Business Development Ashley Ouyang, where the DigiByte team are openly extorted for the privilege of securing an exchange listing.
The matter was quietly forgotten in the daily news cycle, but after two years it has emerged once again. On September 20th, DigiByte founder Jared Tate revealed that during a video call with the Binance team, he was told to pay $300,000, as well as 3% of all DigiByte coins in order to finally get DGB listed.
Binance chief CZ has since brushed off Jared Tate’s comments in the manner expected of a busy CEO, for whom such silliness isn’t worth his time.
Yet if Binance really were to be shut down in 12 months, it would more likely be because of scammy practices like these, rather than those mentioned by Calvin Ayre.
DigiByte is currently listed on 80 cryptocurrency exchanges, and according to the team, not a single one of those demanded a listing fee – let alone 3% of the entire coin supply.
Question: How much of the world’s cryptocurrency supply is locked up in Binance’s private vaults? Extortion funds are SAFU.
Despite alarm-ringing from respected figures in the crypto space, the ability for Binance to arbitrarily decide the fate of cryptocurrency projects remains uncontested. Binance, helmed by its own “Little CZaer”, is too big to fail at this point, and such scandals appear to just bounce right off it.
Any hope of justice for the DigiBytes of this world may only be found in the fact that Binance, like Rome, will inevitably fall one day. How much damage is done – and how much money is extracted from powerless community projects in the meantime, remains to be seen.
The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced that it will launch a U.S.-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in the country.
The company has grown to become one of the biggest names in crypto by allowing anyone to use its service to trade myriad tokens, many of which are unavailable or limited on other exchanges. But over the past year, Binance has matured and begun to offer more formalized services. Following fiat currency exchange launches in the U.K., Uganda and Singapore, Binance is opening a dedicated U.S. exchange to avoid uncertainty around its legality.
This week, Binance announced it is pairing up with BAM Trading Services — which Coindesk notes is FinCEN-registered and has links to Koi Compliance, which counts Binance as an investor — to launch a U.S. exchange “soon.” That will mean, however a level of disruption for some U.S. customers in the meantime.
Chiefly, Binance will no longer permit U.S. passport holders to sign up for its global Binance.com service. That’s according to the company’s updated terms and conditions — “Binance is unable to provide services to any U.S. person” — which were confirmed to TechCrunch by a spokesperson.
Existing users have a grace period of 90 days, after which they will be unable to deposit funds to the site or make trades. Binance declined to state whether those bans will be administered by a geo-block on U.S. IP addresses, but it did confirm that U.S. customers will retain access to funds held in the service.
That 90-day period ends September 12, so that’s effectively the deadline for Binance to launch its new U.S. exchange if it is to avoid impacting its American user base.
The reality is that the situation is more nuanced.
U.S.-based users could continue to use the service by browsing the site with a VPN. Binance allows its users to sign up for a limited account without KYC — i.e. providing verification documents like a passport copy — which allows trading but limits withdrawals to two Bitcoin per day. That won’t satisfy more professional traders — most of whom you’d imagine would already have an account on Binance by now — but it does leave a loophole for others.
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Binance Customer Support Number +1(888)780-0222

when Binance was an upstart cryptocurrency exchange fresh off the back of its own ICO, its public image wasn’t quite as clean cut.
Screenshots still exist of an exchange between DigiByte (DGB) community members and Binance Director of Business Development Ashley Ouyang, where the DigiByte team are openly extorted for the privilege of securing an exchange listing.
The matter was quietly forgotten in the daily news cycle, but after two years it has emerged once again. On September 20th, DigiByte founder Jared Tate revealed that during a video call with the Binance team, he was told to pay $300,000, as well as 3% of all DigiByte coins in order to finally get DGB listed.
Binance chief CZ has since brushed off Jared Tate’s comments in the manner expected of a busy CEO, for whom such silliness isn’t worth his time.
Yet if Binance really were to be shut down in 12 months, it would more likely be because of scammy practices like these, rather than those mentioned by Calvin Ayre.
DigiByte is currently listed on 80 cryptocurrency exchanges, and according to the team, not a single one of those demanded a listing fee – let alone 3% of the entire coin supply.
Question: How much of the world’s cryptocurrency supply is locked up in Binance’s private vaults? Extortion funds are SAFU.
Despite alarm-ringing from respected figures in the crypto space, the ability for Binance to arbitrarily decide the fate of cryptocurrency projects remains uncontested. Binance, helmed by its own “Little CZaer”, is too big to fail at this point, and such scandals appear to just bounce right off it.
Any hope of justice for the DigiBytes of this world may only be found in the fact that Binance, like Rome, will inevitably fall one day. How much damage is done – and how much money is extracted from powerless community projects in the meantime, remains to be seen.
The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced that it will launch a U.S.-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in the country.
The company has grown to become one of the biggest names in crypto by allowing anyone to use its service to trade myriad tokens, many of which are unavailable or limited on other exchanges. But over the past year, Binance has matured and begun to offer more formalized services. Following fiat currency exchange launches in the U.K., Uganda and Singapore, Binance is opening a dedicated U.S. exchange to avoid uncertainty around its legality.
This week, Binance announced it is pairing up with BAM Trading Services — which Coindesk notes is FinCEN-registered and has links to Koi Compliance, which counts Binance as an investor — to launch a U.S. exchange “soon.” That will mean, however a level of disruption for some U.S. customers in the meantime.
Chiefly, Binance will no longer permit U.S. passport holders to sign up for its global Binance.com service. That’s according to the company’s updated terms and conditions — “Binance is unable to provide services to any U.S. person” — which were confirmed to TechCrunch by a spokesperson.
Existing users have a grace period of 90 days, after which they will be unable to deposit funds to the site or make trades. Binance declined to state whether those bans will be administered by a geo-block on U.S. IP addresses, but it did confirm that U.S. customers will retain access to funds held in the service.
That 90-day period ends September 12, so that’s effectively the deadline for Binance to launch its new U.S. exchange if it is to avoid impacting its American user base.
The reality is that the situation is more nuanced.
U.S.-based users could continue to use the service by browsing the site with a VPN. Binance allows its users to sign up for a limited account without KYC — i.e. providing verification documents like a passport copy — which allows trading but limits withdrawals to two Bitcoin per day. That won’t satisfy more professional traders — most of whom you’d imagine would already have an account on Binance by now — but it does leave a loophole for others.
submitted by MindlessSurvey2 to u/MindlessSurvey2 [link] [comments]

Binance Number ≋₁~888~780~0222 ≋ Binance Support number ...--()()()()()()()()()()()()()( u/EfficientSpecial3

when Binance was an upstart cryptocurrency exchange fresh off the back of its own ICO, its public image wasn’t quite as clean cut.
Screenshots still exist of an exchange between DigiByte (DGB) community members and Binance Director of Business Development Ashley Ouyang, where the DigiByte team are openly extorted for the privilege of securing an exchange listing.
The matter was quietly forgotten in the daily news cycle, but after two years it has emerged once again. On September 20th, DigiByte founder Jared Tate revealed that during a video call with the Binance team, he was told to pay $300,000, as well as 3% of all DigiByte coins in order to finally get DGB listed.
Binance chief CZ has since brushed off Jared Tate’s comments in the manner expected of a busy CEO, for whom such silliness isn’t worth his time.
Yet if Binance really were to be shut down in 12 months, it would more likely be because of scammy practices like these, rather than those mentioned by Calvin Ayre.
DigiByte is currently listed on 80 cryptocurrency exchanges, and according to the team, not a single one of those demanded a listing fee – let alone 3% of the entire coin supply.
Question: How much of the world’s cryptocurrency supply is locked up in Binance’s private vaults? Extortion funds are SAFU.
Despite alarm-ringing from respected figures in the crypto space, the ability for Binance to arbitrarily decide the fate of cryptocurrency projects remains uncontested. Binance, helmed by its own “Little CZaer”, is too big to fail at this point, and such scandals appear to just bounce right off it.
Any hope of justice for the DigiBytes of this world may only be found in the fact that Binance, like Rome, will inevitably fall one day. How much damage is done – and how much money is extracted from powerless community projects in the meantime, remains to be seen.
The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced that it will launch a U.S.-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in the country.
The company has grown to become one of the biggest names in crypto by allowing anyone to use its service to trade myriad tokens, many of which are unavailable or limited on other exchanges. But over the past year, Binance has matured and begun to offer more formalized services. Following fiat currency exchange launches in the U.K., Uganda and Singapore, Binance is opening a dedicated U.S. exchange to avoid uncertainty around its legality.
This week, Binance announced it is pairing up with BAM Trading Services — which Coindesk notes is FinCEN-registered and has links to Koi Compliance, which counts Binance as an investor — to launch a U.S. exchange “soon.” That will mean, however a level of disruption for some U.S. customers in the meantime.
Chiefly, Binance will no longer permit U.S. passport holders to sign up for its global Binance.com service. That’s according to the company’s updated terms and conditions — “Binance is unable to provide services to any U.S. person” — which were confirmed to TechCrunch by a spokesperson.
Existing users have a grace period of 90 days, after which they will be unable to deposit funds to the site or make trades. Binance declined to state whether those bans will be administered by a geo-block on U.S. IP addresses, but it did confirm that U.S. customers will retain access to funds held in the service.
That 90-day period ends September 12, so that’s effectively the deadline for Binance to launch its new U.S. exchange if it is to avoid impacting its American user base.
The reality is that the situation is more nuanced.
U.S.-based users could continue to use the service by browsing the site with a VPN. Binance allows its users to sign up for a limited account without KYC — i.e. providing verification documents like a passport copy — which allows trading but limits withdrawals to two Bitcoin per day. That won’t satisfy more professional traders — most of whom you’d imagine would already have an account on Binance by now — but it does leave a loophole for others.
submitted by EfficientSpecial3 to u/EfficientSpecial3 [link] [comments]

Binance Customer Support Number +1888-780-0222 Toll Free

BINANCE SUPPORT NUMBER +1-855-937-4225
when Binance was an upstart cryptocurrency exchange fresh off the back of its own ICO, its public image wasn’t quite as clean cut.
Screenshots still exist of an exchange between DigiByte (DGB) community members and Binance Director of Business Development Ashley Ouyang, where the DigiByte team are openly extorted for the privilege of securing an exchange listing.
The matter was quietly forgotten in the daily news cycle, but after two years it has emerged once again. On September 20th, DigiByte founder Jared Tate revealed that during a video call with the Binance team, he was told to pay $300,000, as well as 3% of all DigiByte coins in order to finally get DGB listed.
Binance chief CZ has since brushed off Jared Tate’s comments in the manner expected of a busy CEO, for whom such silliness isn’t worth his time.
Yet if Binance really were to be shut down in 12 months, it would more likely be because of scammy practices like these, rather than those mentioned by Calvin Ayre.
DigiByte is currently listed on 80 cryptocurrency exchanges, and according to the team, not a single one of those demanded a listing fee – let alone 3% of the entire coin supply.
Question: How much of the world’s cryptocurrency supply is locked up in Binance’s private vaults? Extortion funds are SAFU.
Despite alarm-ringing from respected figures in the crypto space, the ability for Binance to arbitrarily decide the fate of cryptocurrency projects remains uncontested. Binance, helmed by its own “Little CZaer”, is too big to fail at this point, and such scandals appear to just bounce right off it.
Any hope of justice for the DigiBytes of this world may only be found in the fact that Binance, like Rome, will inevitably fall one day. How much damage is done – and how much money is extracted from powerless community projects in the meantime, remains to be seen.
The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced that it will launch a U.S.-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in the country.
The company has grown to become one of the biggest names in crypto by allowing anyone to use its service to trade myriad tokens, many of which are unavailable or limited on other exchanges. But over the past year, Binance has matured and begun to offer more formalized services. Following fiat currency exchange launches in the U.K., Uganda and Singapore, Binance is opening a dedicated U.S. exchange to avoid uncertainty around its legality.
This week, Binance announced it is pairing up with BAM Trading Services — which Coindesk notes is FinCEN-registered and has links to Koi Compliance, which counts Binance as an investor — to launch a U.S. exchange “soon.” That will mean, however a level of disruption for some U.S. customers in the meantime.
Chiefly, Binance will no longer permit U.S. passport holders to sign up for its global Binance.com service. That’s according to the company’s updated terms and conditions — “Binance is unable to provide services to any U.S. person” — which were confirmed to TechCrunch by a spokesperson.
Existing users have a grace period of 90 days, after which they will be unable to deposit funds to the site or make trades. Binance declined to state whether those bans will be administered by a geo-block on U.S. IP addresses, but it did confirm that U.S. customers will retain access to funds held in the service.
That 90-day period ends September 12, so that’s effectively the deadline for Binance to launch its new U.S. exchange if it is to avoid impacting its American user base.
The reality is that the situation is more nuanced.
U.S.-based users could continue to use the service by browsing the site with a VPN. Binance allows its users to sign up for a limited account without KYC — i.e. providing verification documents like a passport copy — which allows trading but limits withdrawals to two Bitcoin per day. That won’t satisfy more professional traders — most of whom you’d imagine would already have an account on Binance by now — but it does leave a loophole for others.
submitted by coinbasesupportdffg to u/coinbasesupportdffg [link] [comments]

+1(888)-780-0222 Talk to the Poloniex customer service

Poloniex Links Poloniex Support Poloniex Exchange Request Help. We have a new home. Click here for the Poloniex Support Center. Poloniex
Binance, the largest crypto-to-crypto exchange by volume, has announced that it will stop serving U.S. individual and corporate customers on its main platform
Non-verified U.S. customers will likely still be able to bypass the restrictions and trade on Binance.com by using a VPN. Binance currently
allows withdrawals of up to 2 BTC ($16,500) without any verification, although the updated policy suggested that
"some users may be required to furnish evidence showing that their account registrations are consistent with Binance’s Terms of Use
." Those who violate its Terms of Use, it added, will not be able to use the platform.
Binance users will also look for comfort in the announcement yesterday that the company is launching a separate fiat-to-crypto exchange to serve the U.S. market in full regulatory compliance.
Changpeng Zhao, CEO of Binance, offered an optimistic outlook on the disruption on Twitter.
"Some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain."
The news comes two weeks after the main client of Binance DEX also announced it would start geo-blocking U.S. customers and
28 other countries in July. Bittrex announced last week they would be geo-fencing 32 cryptocurrencies from the U.S. clients, following the same move by Poloniex a couple of weeks ago.
Binance follows Bitfinex and BitMEX, which both started blocking U.S. customers in late 2017 as a result of the challenging regulatory climate.
Huobi then started licensing its technology and brand to a U.S.-based company HBUS (later rebranded to Huobi), similar to Binance's current plans for the U.S.,
having partnered with BAM Trading Services Inc - an unknown money services business listed in San Francisco.
While Binance traditionally offers crypto-to-crypto trading, it has already launched fiat-to-crypto exchanges in Uganda, Singapore, and Jersey,
all of which only support trading of bitcoin, ether, and BNB. It plans to have two fiat-to-crypto exchanges on every continent, which will likely also only support trading of bitcoin and ether initially.
submitted by LeatherAction to u/LeatherAction [link] [comments]

BINANCE SUPPORT NUMBER +1-888-780-0222 / Posted byu/sdf6756 days ago



when Binance was an upstart cryptocurrency exchange fresh off the back of its own ICO, its public image wasn’t quite as clean cut.
Screenshots still exist of an exchange between DigiByte (DGB) community members and Binance Director of Business Development Ashley Ouyang, where the DigiByte team are openly extorted for the privilege of securing an exchange listing.
The matter was quietly forgotten in the daily news cycle, but after two years it has emerged once again. On September 20th, DigiByte founder Jared Tate revealed that during a video call with the Binance team, he was told to pay $300,000, as well as 3% of all DigiByte coins in order to finally get DGB listed.
Binance chief CZ has since brushed off Jared Tate’s comments in the manner expected of a busy CEO, for whom such silliness isn’t worth his time.
Yet if Binance really were to be shut down in 12 months, it would more likely be because of scammy practices like these, rather than those mentioned by Calvin Ayre.
DigiByte is currently listed on 80 cryptocurrency exchanges, and according to the team, not a single one of those demanded a listing fee – let alone 3% of the entire coin supply.
Question: How much of the world’s cryptocurrency supply is locked up in Binance’s private vaults? Extortion funds are SAFU.
Despite alarm-ringing from respected figures in the crypto space, the ability for Binance to arbitrarily decide the fate of cryptocurrency projects remains uncontested. Binance, helmed by its own “Little CZaer”, is too big to fail at this point, and such scandals appear to just bounce right off it.
Any hope of justice for the DigiBytes of this world may only be found in the fact that Binance, like Rome, will inevitably fall one day. How much damage is done – and how much money is extracted from powerless community projects in the meantime, remains to be seen.
The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced that it will launch a U.S.-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in the country.
The company has grown to become one of the biggest names in crypto by allowing anyone to use its service to trade myriad tokens, many of which are unavailable or limited on other exchanges. But over the past year, Binance has matured and begun to offer more formalized services. Following fiat currency exchange launches in the U.K., Uganda and Singapore, Binance is opening a dedicated U.S. exchange to avoid uncertainty around its legality.
This week, Binance announced it is pairing up with BAM Trading Services — which Coindesk notes is FinCEN-registered and has links to Koi Compliance, which counts Binance as an investor — to launch a U.S. exchange “soon.” That will mean, however a level of disruption for some U.S. customers in the meantime.
Chiefly, Binance will no longer permit U.S. passport holders to sign up for its global Binance.com service. That’s according to the company’s updated terms and conditions — “Binance is unable to provide services to any U.S. person” — which were confirmed to TechCrunch by a spokesperson.
Existing users have a grace period of 90 days, after which they will be unable to deposit funds to the site or make trades. Binance declined to state whether those bans will be administered by a geo-block on U.S. IP addresses, but it did confirm that U.S. customers will retain access to funds held in the service.
That 90-day period ends September 12, so that’s effectively the deadline for Binance to launch its new U.S. exchange if it is to avoid impacting its American user base.
The reality is that the situation is more nuanced.
U.S.-based users could continue to use the service by browsing the site with a VPN. Binance allows its users to sign up for a limited account without KYC — i.e. providing verification documents like a passport copy — which allows trading but limits withdrawals to two Bitcoin per day. That won’t satisfy more professional traders — most of whom you’d imagine would already have an account on Binance by now — but it does leave a loophole for others.
submitted by WeirdAcanthocephala6 to u/WeirdAcanthocephala6 [link] [comments]

Binance support number ☎ +1-888-780-0222 ☎ Customer support phone Number ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎

☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎
Binance, the largest crypto-to-crypto exchange by volume, has announced that it will stop serving U.S. individual and corporate customers on its main platform
Non-verified U.S. customers will likely still be able to bypass the restrictions and trade on Binance.com by using a VPN. Binance currently
allows withdrawals of up to 2 BTC ($16,500) without any verification, although the updated policy suggested that
"some users may be required to furnish evidence showing that their account registrations are consistent with Binance’s Terms of Use
." Those who violate its Terms of Use, it added, will not be able to use the platform.
Binance users will also look for comfort in the announcement yesterday that the company is launching a separate fiat-to-crypto exchange to serve the U.S. market in full regulatory compliance.
Changpeng Zhao, CEO of Binance, offered an optimistic outlook on the disruption on Twitter.
"Some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain."
The news comes two weeks after the main client of Binance DEX also announced it would start geo-blocking U.S. customers and
28 other countries in July. Bittrex announced last week they would be geo-fencing 32 cryptocurrencies from the U.S. clients, following the same move by Poloniex a couple of weeks ago.
Binance follows Bitfinex and BitMEX, which both started blocking U.S. customers in late 2017 as a result of the challenging regulatory climate.
Huobi then started licensing its technology and brand to a U.S.-based company HBUS (later rebranded to Huobi), similar to Binance's current plans for the U.S.,
having partnered with BAM Trading Services Inc - an unknown money services business listed in San Francisco.
While Binance traditionally offers crypto-to-crypto trading, it has already launched fiat-to-crypto exchanges in Uganda, Singapore, and Jersey,
all of which only support trading of bitcoin, ether, and BNB. It plans to have two fiat-to-crypto exchanges on every continent, which will likely also only support trading of bitcoin and ether initially.
submitted by ConstantSelf1 to u/ConstantSelf1 [link] [comments]

Binance Support Phone Number +1(888)-780-0222 If any Issues Get Help Now ^&^&^&^&^&&^&^&^&^&^&^

Binance follows Bitfinex and BitMEX, which both started blocking U.S. customers in late 2017 as a result of the challenging regulatory climate.
Huobi then started licensing its technology and brand to a U.S.-based company HBUS (later rebranded to Huobi), similar toBinance's current plans for the U.S.,
having partnered with BAM Trading Services Inc - an unknown money services business listed in San Francisco.
While Binance traditionally offers crypto-to-crypto trading, it has already launched fiat-to-crypto exchanges in Uganda,
Singapore, and Jersey, all of which only support trading of bitcoin, ether, and BNB. It plans to have two fiat-to-crypto exchanges on every continent, which will likely also only support trading of bitcoin and ether initially.
Non-verified U.S. customers will likely still be able to bypass the restrictions and trade on Binance.com by using a VPN. Binance currently
allows withdrawals of up to 2 BTC ($16,500) without any verification, although the updated policy suggested that
"some users may be required to furnish evidence showing that their account registrations are consistent with Binance’s Terms of Use." Those who violate its Terms of Use, it added, will not be able to use the platform.
Binance users will also look for comfort in the announcement yesterday that the company is launching a separate fiat-to-crypto exchange to serve the U.S. market in full regulatory compliance.
Changpeng Zhao, CEO of Binance, offered an optimistic outlook on the disruption on Twitter.
"Some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain."
The news comes two weeks after the main client of Binance DEX also announced it would start geo-blocking U.S. customers
and 28 other countries in July. Bittrex announced last week they would be geo-fencing 32 cryptocurrencies from the U.S. clients, following the same move by Poloniex a couple of weeks ago.
Until Binance puts out an official Apple Store app, make sure to get your copy direct from Binance’s website itself. Beware of fake apps!
An official iOS app is also coming soon, as seen in this Binance iTunes Preview. However if you want to start right away with the latest version, installation is just a few taps away.
1.Using the default Safari browser, go to the Binance iOS download link and let it install the app on your iPhone.
submitted by ExpertMeeting to u/ExpertMeeting [link] [comments]

Anonymity & Cryptocurrency: A Few Tips On How To Keep Your Privacy

Unfortunately, anonymity isn’t something that you think about as being valuable. But as Edward Snowden points out in one of his interviews, “Arguing that you don’t care about the right to privacy because you have nothing to hide is no different than saying you don’t care about free speech because you have nothing to say.”
https://preview.redd.it/a2t5wii1wnj41.png?width=1024&format=png&auto=webp&s=df6889e510a2a0b231614636d0b6c1ac7be7e2c4
Many people are going up against online anonymity, mainly because it has the potential to enable and encourage undesirable behavior or illegal activity. State institutions and corporations are trying to limit the ability to use networks without authorization, allegedly in an attempt to increase security.
Meanwhile, there is no doubt that private information that falls into the wrong hands can be used for mean purposes in many ways. Dozens of examples truly highlight the need for online anonymity today. Without it, people’s lives can easily be ruined forever.
Financial and personal freedom are the main reasons why people started using cryptocurrencies. But using Bitcoin itself can not guaranty anonymity. They are not linked to a person or identity, so the name, e-mail or physical address can’t be found in the transaction. But public addresses we use publically recorded on the blockchain, so a person can be tracked down using this information and ID.
Here are some methods to keep your identity safe.
Use logless VPN
Virtual Private Network encrypts all of your Internet traffic and routes it through multiple servers at different locations before arriving at the final location. Using a VPN is one of the simplest ways to cover your digital tracks. Logless VPN services don’t store the history of your activities, some of them provide one IP address for several users, making it difficult to isolate one person among them.
It is highly recommended to avoid US/UK-based VPN services due to strict surveillance regimes in these countries.
Also, you should keep in mind that some exchangers’ security systems treating logging into an account with numerous different country IPs as suspicious which can lead to blocking your account.
Register a separate email
Never use personal or working email for the needs of the crypto. If hackers gain access to it that can ruin your life in many aspects at once.
A significant advantage will be the use of burner emails such as Guerrilla Mail and Temp Mail, or highly protected services like ProtonMail or Tutanota.
Don’t forget about common security rules such as using a strong password that contains different case letters, numbers and symbols. Keeping passwords and keys on your devices is definitely not safe, better write it down in an old-fashioned pen-paper way.
Create new blockchain address
Make new addresses for every single transaction you make. More than half of all transactions in the BTC network go through wallets that have been in use at least once. Over time this practice will build up a list of transactions associated with one wallet. Using some manipulations those transactions could be easily associated with a real-world identity as well as your wallet could be simply hacked and robbed.
Avoid KYC and AML using services
Know Your Client is a policy used by many companies in which each client is required to provide credentials such as ID documents to use a company’s service. Anti-Money Laundry consists of KYC procedures and ongoing risk assessment and monitoring of transactions. Such actions are implemented in the best interest of protecting users of cryptocurrency platforms but left no chance to stay anonymous.
Nowadays most of the crypto markets and exchanges require passing identity verification due to the growing control from the state institutions. However, there are some that allow you to remain anonymous unless you are withdrawing a large amount (Binance, Bitfinex, KuCoin, etc.). In such circumstances, decentralized exchanges seem like a good option.
Use Anonymity-Centric Cryptocurrencies
As mentioned earlier, blockchain analysis based on knowledge of the amount and time of the sent transaction allows hackers to attack user’s wallets and gain access to their data. As a reaction to this was developing coins with anonymity as the main priority.
At the moment, Monero is the most popular of the anonymity-centric cryptocurrencies. It has a complex of cryptographical tools for obfuscating traces of the original transaction. Its RingCT Protocol hides the sender, recipient and transfers amounts. After the transaction is completed, it is signed and receives a time-stamp using a ring signature, where collected group’s public keys, but the private key of the specific sender is not displayed.
Another private currency’s Dash work is based on the CoinJoin technology. The idea of the process is very simple: several transactions are mixed into one, so it is impossible to determine what amounts were transferred and by whom.
Zcash currency uses the Zero-Knowledge Proof commitment scheme to validate transactions without revealing information about them. Protocol, called Zk-SNARKs, comprises three algorithms that generate proof and verification keys, calculate the proof and verify the authenticity of the secret information. The obvious drawback of this mechanism is extremely massive complex calculations that require enormous capacity.
Even if complete anonymity seems not possible, following the above rules will help you avoid a lot of trouble.
You should be extra meticulous in the process of choosing currency and an exchanger, keeping in mind where and what personal information you provide.
If you need to exchange your coins private and without registration – StealthEX is here for you. Just go to http://stealthex.io and choose the pair and the amount for your exchange. Then follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example ETH to BTC.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected])
submitted by Stealthex_io to StealthEX [link] [comments]

Beginner’s Guide to BitMEX

Beginner’s Guide to BitMEX

https://preview.redd.it/fl5e0q7i3cc41.jpg?width=1024&format=pjpg&auto=webp&s=445485d722839a9adc1ae13db4c965b0ae3e67b7
Founded by HDR Global Trading Limited (which in turn was founded by former bankers Arthur Hayes, Samuel Reed and Ben Delo) in 2014, BitMEX is a trading platform operating around the world and registered in the Seychelles.
Meaning Bitcoin Mercantile Exchange, BitMEX is one of the largest Bitcoin trading platforms currently operating, with a daily trading volume of over 35,000 BTC and over 540,000 accesses monthly and a trading history of over $34 billion worth of Bitcoin since its inception.

https://preview.redd.it/coenpm4k3cc41.jpg?width=808&format=pjpg&auto=webp&s=8832dcafa5bd615b511bbeb6118ef43d73ed785e
Unlike many other trading exchanges, BitMEX only accepts deposits through Bitcoin, which can then be used to purchase a variety of other cryptocurrencies. BitMEX specialises in sophisticated financial operations such as margin trading, which is trading with leverage. Like many of the exchanges that operate through cryptocurrencies, BitMEX is currently unregulated in any jurisdiction.
Visit BitMEX

How to Sign Up to BitMEX

In order to create an account on BitMEX, users first have to register with the website. Registration only requires an email address, the email address must be a genuine address as users will receive an email to confirm registration in order to verify the account. Once users are registered, there are no trading limits. Traders must be at least 18 years of age to sign up.
https://preview.redd.it/0v13qoil3cc41.jpg?width=808&format=pjpg&auto=webp&s=e6134bc089c4e352dce10d754dc84ff11a4c7994
However, it should be noted that BitMEX does not accept any US-based traders and will use IP checks to verify that users are not in the US. While some US users have bypassed this with the use of a VPN, it is not recommended that US individuals sign up to the BitMEX service, especially given the fact that alternative exchanges are available to service US customers that function within the US legal framework.
How to Use BitMEX
BitMEX allows users to trade cryptocurrencies against a number of fiat currencies, namely the US Dollar, the Japanese Yen and the Chinese Yuan. BitMEX allows users to trade a number of different cryptocurrencies, namely Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tezos and Zcash.
The trading platform on BitMEX is very intuitive and easy to use for those familiar with similar markets. However, it is not for the beginner. The interface does look a little dated when compared to newer exchanges like Binance and Kucoin’s.
Once users have signed up to the platform, they should click on Trade, and all the trading instruments will be displayed beneath.
Clicking on the particular instrument opens the orderbook, recent trades, and the order slip on the left. The order book shows three columns – the bid value for the underlying asset, the quantity of the order, and the total USD value of all orders, both short and long.
The widgets on the trading platform can be changed according to the user’s viewing preferences, allowing users to have full control on what is displayed. It also has a built in feature that provides for TradingView charting. This offers a wide range of charting tool and is considered to be an improvement on many of the offering available from many of its competitors.
https://preview.redd.it/fabg1nxo3cc41.jpg?width=808&format=pjpg&auto=webp&s=6d939889c3eac15ab1e78ec37a8ccd13fc5e0573
Once trades are made, all orders can be easily viewed in the trading platform interface. There are tabs where users can select their Active Orders, see the Stops that are in place, check the Orders Filled (total or partially) and the trade history. On the Active Orders and Stops tabs, traders can cancel any order, by clicking the “Cancel” button. Users also see all currently open positions, with an analysis if it is in the black or red.
BitMEX uses a method called auto-deleveraging which BitMEX uses to ensure that liquidated positions are able to be closed even in a volatile market. Auto-deleveraging means that if a position bankrupts without available liquidity, the positive side of the position deleverages, in order of profitability and leverage, the highest leveraged position first in queue. Traders are always shown where they sit in the auto-deleveraging queue, if such is needed.
Although the BitMEX platform is optimized for mobile, it only has an Android app (which is not official). There is no iOS app available at present. However, it is recommended that users use it on the desktop if possible.
BitMEX offers a variety of order types for users:
  • Limit Order (the order is fulfilled if the given price is achieved);
  • Market Order (the order is executed at current market price);
  • Stop Limit Order (like a stop order, but allows users to set the price of the Order once the Stop Price is triggered);
  • Stop Market Order (this is a stop order that does not enter the order book, remain unseen until the market reaches the trigger);
  • Trailing Stop Order (it is similar to a Stop Market order, but here users set a trailing value that is used to place the market order);
  • Take Profit Limit Order (this can be used, similarly to a Stop Order, to set a target price on a position. In this case, it is in respect of making gains, rather than cutting losses);
  • Take Profit Market Order (same as the previous type, but in this case, the order triggered will be a market order, and not a limit one)
The exchange offers margin trading in all of the cryptocurrencies displayed on the website. It also offers to trade with futures and derivatives – swaps.

Futures and Swaps

A futures contract is an agreement to buy or sell a given asset in the future at a predetermined price. On BitMEX, users can leverage up to 100x on certain contracts.
Perpetual swaps are similar to futures, except that there is no expiry date for them and no settlement. Additionally, they trade close to the underlying reference Index Price, unlike futures, which may diverge substantially from the Index Price.
BitMEX also offers Binary series contracts, which are prediction-based contracts which can only settle at either 0 or 100. In essence, the Binary series contracts are a more complicated way of making a bet on a given event.
The only Binary series betting instrument currently available is related to the next 1mb block on the Bitcoin blockchain. Binary series contracts are traded with no leverage, a 0% maker fee, a 0.25% taker fee and 0.25% settlement fee.

Bitmex Leverage

BitMEX allows its traders to leverage their position on the platform. Leverage is the ability to place orders that are bigger than the users’ existing balance. This could lead to a higher profit in comparison when placing an order with only the wallet balance. Trading in such conditions is called “Margin Trading.”
There are two types of Margin Trading: Isolated and Cross-Margin. The former allows the user to select the amount of money in their wallet that should be used to hold their position after an order is placed. However, the latter provides that all of the money in the users’ wallet can be used to hold their position, and therefore should be treated with extreme caution.
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The BitMEX platform allows users to set their leverage level by using the leverage slider. A maximum leverage of 1:100 is available (on Bitcoin and Bitcoin Cash). This is quite a high level of leverage for cryptocurrencies, with the average offered by other exchanges rarely exceeding 1:20.

BitMEX Fees

For traditional futures trading, BitMEX has a straightforward fee schedule. As noted, in terms of leverage offered, BitMEX offers up to 100% leverage, with the amount off leverage varying from product to product.
However, it should be noted that trading at the highest leverages is sophisticated and is intended for professional investors that are familiar with speculative trading. The fees and leverage are as follows:
https://preview.redd.it/wvhiepht3cc41.jpg?width=730&format=pjpg&auto=webp&s=0617eb894c13d3870211a01d51af98561907cb99

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However, there are additional fees for hidden / iceberg orders. A hidden order pays the taker fee until the entire hidden quantity is completely executed. Then, the order will become normal, and the user will receive the maker rebate for the non-hidden amount.

Deposits and Withdrawals

BitMEX does not charge fees on deposits or withdrawals. However, when withdrawing Bitcoin, the minimum Network fee is based on blockchain load. The only costs therefore are those of the banks or the cryptocurrency networks.
As noted previously, BitMEX only accepts deposits in Bitcoin and therefore Bitcoin serves as collateral on trading contracts, regardless of whether or not the trade involves Bitcoin.
The minimum deposit is 0.001 BTC. There are no limits on withdrawals, but withdrawals can also be in Bitcoin only. To make a withdrawal, all that users need to do is insert the amount to withdraw and the wallet address to complete the transfer.
https://preview.redd.it/xj1kbuew3cc41.jpg?width=808&format=pjpg&auto=webp&s=68056f2247001c63e89c880cfbb75b2f3616e8fe
Deposits can be made 24/7 but withdrawals are processed by hand at a recurring time once per day. The hand processed withdrawals are intended to increase the security levels of users’ funds by providing extra time (and email notice) to cancel any fraudulent withdrawal requests, as well as bypassing the use of automated systems & hot wallets which may be more prone to compromise.

Supported Currencies

BitMEX operates as a crypto to crypto exchange and makes use of a Bitcoin-in/Bitcoin-out structure. Therefore, platform users are currently unable to use fiat currencies for any payments or transfers, however, a plus side of this is that there are no limits for trading and the exchange incorporates trading pairs linked to the US Dollar (XBT), Japanese Yen (XBJ), and Chinese Yuan (XBC).
BitMEX supports the following cryptocurrencies:
  • Bitcoin (XBT)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)
  • Ripple Token (XRP)
  • Monero (XMR)
  • Dash (DASH)
  • Zcash (ZEC)
  • Cardano (ADA)
  • Tron (TRX)
  • EOS Token (EOS)
BitMEX also offers leverage options on the following coins:
  • 5x: Zcash (ZEC)
  • 20x : Ripple (XRP),Bitcoin Cash (BCH), Cardano (ADA), EOS Token (EOS), Tron (TRX)
  • 25x: Monero (XMR)
  • 33x: Litecoin (LTC)
  • 50x: Ethereum (ETH)
  • 100x: Bitcoin (XBT), Bitcoin / Yen (XBJ), Bitcoin / Yuan (XBC)

Trading Technologies International Partnership

HDR Global Trading, the company which owns BitMEX, has recently announced a partnership with Trading Technologies International, Inc. (TT), a leading international high-performance trading software provider.
The TT platform is designed specifically for professional traders, brokers, and market-access providers, and incorporates a wide variety of trading tools and analytical indicators that allow even the most advanced traders to customize the software to suit their unique trading styles. The TT platform also provides traders with global market access and trade execution through its privately managed infrastructure and the partnership will see BitMEX users gaining access to the trading tools on all BitMEX products, including the popular XBT/USD Perpetual Swap pairing.
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The BitMEX Insurance Fund

The ability to trade on leverage is one of the exchange’s main selling points and offering leverage and providing the opportunity for traders to trade against each other may result in a situation where the winners do not receive all of their expected profits. As a result of the amounts of leverage involved, it’s possible that the losers may not have enough margin in their positions to pay the winners.
Traditional exchanges like the Chicago Mercantile Exchange (CME) offset this problem by utilizing multiple layers of protection and cryptocurrency trading platforms offering leverage cannot currently match the levels of protection provided to winning traders.
In addition, cryptocurrency exchanges offering leveraged trades propose a capped downside and unlimited upside on a highly volatile asset with the caveat being that on occasion, there may not be enough funds in the system to pay out the winners.
To help solve this problem, BitMEX has developed an insurance fund system, and when a trader has an open leveraged position, their position is forcefully closed or liquidated when their maintenance margin is too low.
Here, a trader’s profit and loss does not reflect the actual price their position was closed on the market, and with BitMEX when a trader is liquidated, their equity associated with the position drops down to zero.
In the following example, the trader has taken a 100x long position. In the event that the mark price of Bitcoin falls to $3,980 (by 0.5%), then the position gets liquidated with the 100 Bitcoin position needing to be sold on the market.
This means that it does not matter what price this trade executes at, namely if it’s $3,995 or $3,000, as from the view of the liquidated trader, regardless of the price, they lose all the equity they had in their position, and lose the entire one Bitcoin.
https://preview.redd.it/wel3rka04cc41.png?width=669&format=png&auto=webp&s=3f93dac2d3b40aa842d281384113d2e26f25947e
Assuming there is a fully liquid market, the bid/ask spread should be tighter than the maintenance margin. Here, liquidations manifest as contributions to the insurance fund (e.g. if the maintenance margin is 50bps, but the market is 1bp wide), and the insurance fund should rise by close to the same amount as the maintenance margin when a position is liquidated. In this scenario, as long as healthy liquid markets persist, the insurance fund should continue its steady growth.
The following graphs further illustrate the example, and in the first chart, market conditions are healthy with a narrow bid/ask spread (just $2) at the time of liquidation. Here, the closing trade occurs at a higher price than the bankruptcy price (the price where the margin balance is zero) and the insurance fund benefits.
Illustrative example of an insurance contribution – Long 100x with 1 BTC collateral
https://preview.redd.it/is89ep924cc41.png?width=699&format=png&auto=webp&s=f0419c68fe88703e594c121b5b742c963c7e2229
(Note: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.
The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,978, representing $1 of slippage compared to the $3,979 bid price at the time of liquidation.)
The second chart shows a wide bid/ask spread at the time of liquidation, here, the closing trade takes place at a lower price than the bankruptcy price, and the insurance fund is used to make sure that winning traders receive their expected profits.
This works to stabilize the potential for returns as there is no guarantee that healthy market conditions can continue, especially during periods of heightened price volatility. During these periods, it’s actually possible that the insurance fund can be used up than it is built up.
Illustrative example of an insurance depletion – Long 100x with 1 BTC collateral
https://preview.redd.it/vb4mj3n54cc41.png?width=707&format=png&auto=webp&s=0c63b7c99ae1c114d8e3b947fb490e9144dfe61b
(Notes: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.
The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,800, representing $20 of slippage compared to the $3,820 bid price at the time of liquidation.)
The exchange declared in February 2019, that the BitMEX insurance fund retained close to 21,000 Bitcoin (around $70 million based on Bitcoin spot prices at the time).
This figure represents just 0.007% of BitMEX’s notional annual trading volume, which has been quoted as being approximately $1 trillion. This is higher than the insurance funds as a proportion of trading volume of the CME, and therefore, winning traders on BitMEX are exposed to much larger risks than CME traders as:
  • BitMEX does not have clearing members with large balance sheets and traders are directly exposed to each other.
  • BitMEX does not demand payments from traders with negative account balances.
  • The underlying instruments on BitMEX are more volatile than the more traditional instruments available on CME.
Therefore, with the insurance fund remaining capitalized, the system effectively with participants who get liquidated paying for liquidations, or a losers pay for losers mechanism.
This system may appear controversial as first, though some may argue that there is a degree of uniformity to it. It’s also worth noting that the exchange also makes use of Auto Deleveraging which means that on occasion, leveraged positions in profit can still be reduced during certain time periods if a liquidated order cannot be executed in the market.
More adventurous traders should note that while the insurance fund holds 21,000 Bitcoin, worth approximately 0.1% of the total Bitcoin supply, BitMEX still doesn’t offer the same level of guarantees to winning traders that are provided by more traditional leveraged trading platforms.
Given the inherent volatility of the cryptocurrency market, there remains some possibility that the fund gets drained down to zero despite its current size. This may result in more successful traders lacking confidence in the platform and choosing to limit their exposure in the event of BitMEX being unable to compensate winning traders.

How suitable is BitMEX for Beginners?

BitMEX generates high Bitcoin trading levels, and also attracts good levels of volume across other crypto-to-crypto transfers. This helps to maintain a buzz around the exchange, and BitMEX also employs relatively low trading fees, and is available round the world (except to US inhabitants).
This helps to attract the attention of people new to the process of trading on leverage and when getting started on the platform there are 5 main navigation Tabs to get used to:
  • **Trade:**The trading dashboard of BitMEX. This tab allows you to select your preferred trading instrument, and choose leverage, as well as place and cancel orders. You can also see your position information and view key information in the contract details.
  • **Account:**Here, all your account information is displayed including available Bitcoin margin balances, deposits and withdrawals, and trade history.
  • **Contracts:**This tab covers further instrument information including funding history, contract sizes; leverage offered expiry, underlying reference Price Index data, and other key features.
  • **References:**This resource centre allows you to learn about futures, perpetual contracts, position marking, and liquidation.
  • **API:**From here you can set up an API connection with BitMEX, and utilize the REST API and WebSocket API.
BitMEX also employs 24/7 customer support and the team can also be contacted on their Twitter and Reddit accounts.
In addition, BitMEX provides a variety of educational resources including an FAQ section, Futures guides, Perpetual Contracts guides, and further resources in the “References” account tab.
For users looking for more in depth analysis, the BitMEX blog produces high level descriptions of a number of subjects and has garnered a good reputation among the cryptocurrency community.
Most importantly, the exchange also maintains a testnet platform, built on top of testnet Bitcoin, which allows anyone to try out programs and strategies before moving on to the live exchange.
This is crucial as despite the wealth of resources available, BitMEX is not really suitable for beginners, and margin trading, futures contracts and swaps are best left to experienced, professional or institutional traders.
Margin trading and choosing to engage in leveraged activity are risky processes and even more advanced traders can describe the process as a high risk and high reward “game”. New entrants to the sector should spend a considerable amount of time learning about margin trading and testing out strategies before considering whether to open a live account.

Is BitMEX Safe?

BitMEX is widely considered to have strong levels of security. The platform uses multi-signature deposits and withdrawal schemes which can only be used by BitMEX partners. BitMEX also utilises Amazon Web Services to protect the servers with text messages and two-factor authentication, as well as hardware tokens.
BitMEX also has a system for risk checks, which requires that the sum of all account holdings on the website must be zero. If it’s not, all trading is immediately halted. As noted previously, withdrawals are all individually hand-checked by employees, and private keys are never stored in the cloud. Deposit addresses are externally verified to make sure that they contain matching keys. If they do not, there is an immediate system shutdown.
https://preview.redd.it/t04qs3484cc41.jpg?width=808&format=pjpg&auto=webp&s=a3b106cbc9116713dcdd5e908c00b555fd704ee6
In addition, the BitMEX trading platform is written in kdb+, a database and toolset popular amongst major banks in high frequency trading applications. The BitMEX engine appears to be faster and more reliable than some of its competitors, such as Poloniex and Bittrex.
They have email notifications, and PGP encryption is used for all communication.
The exchange hasn’t been hacked in the past.

How Secure is the platform?

As previously mentioned, BitMEX is considered to be a safe exchange and incorporates a number of security protocols that are becoming standard among the sector’s leading exchanges. In addition to making use of Amazon Web Services’ cloud security, all the exchange’s systems can only be accessed after passing through multiple forms of authentication, and individual systems are only able to communicate with each other across approved and monitored channels.
Communication is also further secured as the exchange provides optional PGP encryption for all automated emails, and users can insert their PGP public key into the form inside their accounts.
Once set up, BitMEX will encrypt and sign all the automated emails sent by you or to your account by the [[email protected]](mailto:[email protected]) email address. Users can also initiate secure conversations with the support team by using the email address and public key on the Technical Contact, and the team have made their automated system’s PGP key available for verification in their Security Section.
The platform’s trading engine is written in kdb+, a database and toolset used by leading financial institutions in high-frequency trading applications, and the speed and reliability of the engine is also used to perform a full risk check after every order placement, trade, settlement, deposit, and withdrawal.
All accounts in the system must consistently sum to zero, and if this does not happen then trading on the platform is immediately halted for all users.
With regards to wallet security, BitMEX makes use of a multisignature deposit and withdrawal scheme, and all exchange addresses are multisignature by default with all storage being kept offline. Private keys are not stored on any cloud servers and deep cold storage is used for the majority of funds.
Furthermore, all deposit addresses sent by the BitMEX system are verified by an external service that works to ensure that they contain the keys controlled by the founders, and in the event that the public keys differ, the system is immediately shut down and trading halted. The exchange’s security practices also see that every withdrawal is audited by hand by a minimum of two employees before being sent out.

BitMEX Customer Support

The trading platform has a 24/7 support on multiple channels, including email, ticket systems and social media. The typical response time from the customer support team is about one hour, and feedback on the customer support generally suggest that the customer service responses are helpful and are not restricted to automated responses.
https://preview.redd.it/8k81zl0a4cc41.jpg?width=808&format=pjpg&auto=webp&s=e30e5b7ca93d2931f49e2dc84025f2fda386eab1
The BitMEX also offers a knowledge base and FAQs which, although they are not necessarily always helpful, may assist and direct users towards the necessary channels to obtain assistance.
BitMEX also offers trading guides which can be accessed here

Conclusion

There would appear to be few complaints online about BitMEX, with most issues relating to technical matters or about the complexities of using the website. Older complaints also appeared to include issues relating to low liquidity, but this no longer appears to be an issue.
BitMEX is clearly not a platform that is not intended for the amateur investor. The interface is complex and therefore it can be very difficult for users to get used to the platform and to even navigate the website.
However, the platform does provide a wide range of tools and once users have experience of the platform they will appreciate the wide range of information that the platform provides.
Visit BitMEX
submitted by bitmex_register to u/bitmex_register [link] [comments]

Bitcoin’s single biggest vulnerability is financial privacy: Matt Odell

Bitcoin wallets and their safety have been one of the primary concerns lately in the crypto-community, in light of the fact that crypto-wallets contain information on the secure private key that is used to access Bitcoin addresses and carry out transactions. With the increasing number of cyber-attacks and online thefts in recent times, tensions over the nature of security continue to rise.

Binance Singapore recently froze Bitcoin withdrawals for a user who employed CoinJoin, a privacy tool, via wallet provider Wasabi. This incident has again, rekindled the never-ending debate about privacy and the legality of privacy tools.

However, Matt Odell, advisor to Bitcoin payments company, Bottle Pay, believes otherwise. On a recent podcast, Odell claimed that financial privacy is the only thing that allows freedom from the claws of central governments and “one way of achieving financial privacy is by using mixing services.” Odell went on to defend mixing services and argued about how they are akin to virtual private networks (VPNs).

He stated,

“Because these projects are to protect the average user, they have to protect all users. There’s no way to know what’s a good user and a bad user. Because as soon as you’re able to delineate what’s a good user and a bad user, then you have centralization.”

Claiming that Bitcoin is too transparent, Odell said that for financial privacy to be maintained, more and more people should start accepting the transparency of the coin.

https://eng.ambcrypto.com/bitcoins-single-biggest-vulnerability-is-financial-privacy-matt-odell/
submitted by FastSellerService to BitcoinInfo [link] [comments]

Binance Cuts Ties With Its US Customers, Does CZ Fear Being Arrested?

Towards the end of last week, Binance, a leading cryptocurrency exchange in the world, announced that it would be blocking its US users. The move was manifested by a change in the exchange’s terms of service.

The change picked 28 other countries that its users will not be able to access Binance.com. Among countries restricted from using Binance.com include those that have economic sanctions.

Prohibition of Use Clause

As per the ‘Prohibition of use’ clause on the updated terms of service, Binance notes:

“By accessing and using the Services, you represent and warrant that you are not on any trade or economic lists such as the UN Security Council Sanctions list, … or placed on the US Commerce Department’s ‘Denied Persons List.’ Binance is unable to provide services to any US persons. Binance maintains to select its markets and jurisdictions to operate and may restrict or deny the Services in certain countries at its discretion.”

It’s a shock that the exchange is closing its doors for users in the United States, considering that approximately 20 percent of its users originate from the US. For example, in the past six months, more than 40 million users from the United States visited Binance.com. The US was followed by India, Japan, Germany, and Turkey.

There’s a Way Around the Restriction, But not for Everyone

While the news are likely to dampen the crypto mood in the US market, US residents may still have a way to bypass the blockage; by using a virtual private network (VPN). Unfortunately, only those that are not verified can successfully use a VPN. However, Binance users who are not verified can only withdraw a maximum of 2 Bitcoins.

Changpeng Zhao (CZ), Binance’s CEO, had earlier anticipated the restrictions. But, the CEO expressed optimism saying that “some short terms pains may be necessary for long term goals.”

From Centralized to Decentralized, the SEC Gets Involved

With the exchange shifting from being centralized to decentralized, the United States Securities and Exchange Commission (SEC) must be involved. To prevent being caught in a regulatory standoff with the SEC, Binance announced that they would geo-fence their decentralized exchange to wade off users from the US among other countries such as Central Africa Republic, Cuba, Ukraine, Libya, Liberia, Venezuela, Zimbabwe, Iraq, Iran, Lebanon, among others.

After Coburn, CZ May Be Next

CZ possibly fears being arrested following what happened to Zachary Coburn. Coburn, the CEO of EtherDelta, a decentralized crypto platform, was charged by the US Securities and Exchange Commission for running an unregistered crypto platform. As per the SEC, EtherDelta has handled over 3.6 million orders which included tokens that the SEC classifies as securities.

A Twitter user, veltre_nick, while contributing to the news regarding Coburn’s predicaments, noted:

“These are just the SEC charges. The money laundering charges for being an unlicensed money transmitter come next. Then there will be more. And every DEX. DEX’s are money laundering machines.”

If the SEC holds the same views as veltre_nick, then CZ may have just avoided being charged or even an arrest. Luckily, another Twitter user has a solution, “DEX makers tip: don’t start in the USA.”
submitted by CapitalSail to CryptoCurrencies [link] [comments]

ILPT: Got tons of cash to launder and not sure how? Use cryptocurrencies this way.

Let's assume you've got a ton of cash that you don't want to report for whatever reason. In order to spend that cash on anything more than gas or groceries you're gonna need a way to launder it or give that cash a story. There are a ton of ways to do this but none that are untraceable...most money laundering schemes come with a ton of risk. But if I were properly motivated, this is how I'd do it.
First I'd create a private trust. No need to understand how private trusts work in this thread, just know that they exist in a jurisdiction foreign to the US or whatever statutory jurisdiction you exist in. Then have that trust create a public LLC in a state that allows for private member owned LLC such as New Mexico. Literally all that is recorded is the name of the trust on the articles of organization for the LLC. So ABC Trust is the member of the LLC. The members of the trust are private and unknown.
Now the LLC needs to be a legitimate cash business that wont draw any suspicion and impossible to audit. And ideally we want to convert all of our cash into cryptocurrencies. Unlike most money laundering schemes that hope to pay taxes and deposit cash into a bank. Cryptocurrencies are superior to cash in a bank for many reasons, but I'll only touch on a few here.
So the LLC creates an online peer to peer exchange. It's important that the LLC never actually touches the money because if it does then the exchange would be considered a money changing business and needs to comply with KYC and AML laws. We don't want that. So instead we set up an escrow wallet service that is nothing more than a smart self executing contract. Its computer code that executes when conditions are met. That's it. Peers come to the site to find other peers to trade with. These p2p exchanges already exist like localbitcoins.com for example.
Here's how they work. I have cash or gift cards or some other form of money and I want to buy bitcoin. You've got bitcoin and want cash. So you send your BTC to an escrow wallet on the p2p exchange. This escrow wallet wont release the funds until all parties sign. The buyer and the seller and the exchange must all sign with their private keys to send the money out of the wallet. So once your BTC is locked in the wallet, we meet up and exchange cash, or I send you the gift cards or whatever payment method we agree. Once you get the cash, you sign to verify you recieved the cash. Once I send the money, I sign to verify payment was sent. If there are no disputes between the parties then the exchange signs and the BTC is sent to my personal wallet. Easy peasy. And since the exchange never actually has control of the BTC or the cash, they don't require any knowledge of the trading parties. Just 2 anonymous characters. Now in order to not attract a lot of unwanted attention, its important to set buy limits. Even those we aren't regulated as a money changing business we don't want to allow million dollar transactions without any kind of KYC... so we comply with the $1,000 limit per day.
Now once the seller has cash they can spend it or deposit it into their bank or do whatever. Once I have BTC now I can do pretty much anything I want. First BTC is a transparent blockchain so I've got one more step to make this truly anonymous and untraceable. I'll send that BTC to an unverified crypto exchange account on Bitfinex or Binance or any number of other exchanges and I'll use that BTC to buy Monero. I wont explain how Monero (XMR) works here but trust me, it uses fancy cryptography to make it truly untraceable. There's no trail to follow. No XMR can be linked to any other party ever. So once I have XMR I can send it to any private wallet I want and no one will ever know I've got millions worth of XMR. It's as if the money disappears. If I ever want to spend it, I try to pay directly with XMR fir whatever. But if the vendor doesn't accept XMR then I simply send that XMR back to the exchange and trade it for BTC. Or I send it to my verified exchange account linked to my bank and I trade it directly for USD. I'll pay a capital gains tax on that single transaction vs paying gains on my millions.
So in order to do this at scale with our own p2p exchange LLC we need to create a dozen fake anonymous accounts all making small random trades to other legitimate sellers of BTC. Once we have gotten rid of all of our cash and now have BTC we funnel those BTC to dozens of unverified exchange accounts and wash them with XMR. Then send those XMR to our final destination wallet that no one knows about. When we want to spend it some amount, we simply funnel the XMR back into a verified and legitimate account and pay the tax on that individual transaction. Or we go back to our p2p exchange and get cash back.
That's it. That's how you hide millions of dollars without a trace. Of course I've left out a few details like how to spoof your IP address and use things like VPNs and Tor to truly access the exchange site anonymously, and you'll need to do this since you will be the one creating dozens of accounts on the exchange. Each account needs it's own IP address to appear legitimate to anyone who gets wise and wants to look closer. Other than that, you've now got millions of dollars in your pocket you can walk across any border anywhere in the world with.
submitted by crypto-anarchist86 to IllegalLifeProTips [link] [comments]

Protonmail Disabled My Binance Cryptocurrency Exchange Email Account | €500 Worth of Bitcoin Lost

On 10th November I have created a new account on the Binance cryptocurrency exchange. Binance accounts need to be associated with an email account and I created a free ProtonMail account for this purpose.
The reason for choosing ProtonMail over say Gmail or Yahoo is due to the fact that Protonmail is more secure. Basically, I thought that my Binance account would be safer if it was associated with a ProtonMail email account as was any Bitcoin or any other cryptocurrency deposited in the same Binance account.
My internet connection does not use a fixed IP address and in order to login into this new Binance account, I need to open my new ProtonMail email account, open an email that is sent from Binance and click on a confirmation link in the email to confirm that the IP address indicated in the email is mine. Without clicking the confirmation link, I cannot access the Binance account.
Email confirmation is also required for withdrawing funds from Binance, as is probably the case with any other major cryptocurrency exchange. In other words, if one loses access to the email account that is associated with a cryptocurrency exchange account, that person can no longer withdraw any cryptocurrencies from the account. This practically means that both the account and any Bitcoin and/or other cryptocurrencies in the account will become useless.
Anyway, to continue with my story, on 18th November I tried to log in into my new Binance account. I entered my email/username and password, inputted the 2FA code from Google Authenticator and I got the usual pop-up message from Binance stating that I need to confirm my IP address by clicking the confirmation link in an email sent from Binance.
So I opened the ProtonMail site and I entered my email address, password and 2FA code. To my surprise, I was unable to log in successfully as I got a message stating that my ProtonMail account has been disabled for abuse or fraud.
I immediately sent an email to [[email protected]](mailto:[email protected]) as indicated in the message and asked for my account to be unblocked. The next day, I received the following reply from ProtonMail:
“The account was automatically disabled by our anti-spam system due to a suspicious activity. The account will not be enabled.”
I wrote to ProtonMail again and explained to support that I did not use the email account for any illicit purposes. I also explained to the ProtonMail staff that I need to access the email account because it is tied to a Binance account. However, the next day ProtonMail's support replied in the following manner:
“Your account cannot be enabled since we believe that it is for abuse.”
I send another email to the ProtonMail abuse team and explained to them that without access to the ProtonMail account I will lose access to the Bitcoin and other cryptocurrencies worth €500 that are stored in the Binance account that is associated to the disabled email account. I also asked the ProtonMail staff if they could escalate the ticket to management or if they will be willing to help me if I become a paid ProtonMail customer.
I received no reply to my email so the next day I sent another email to the abuse team and pleaded for help. I told ProtonMail’s support that I do not even need to send emails from the deactivated account. I explained to support that the only reason why I need to access the email account is to be able to read emails from Binance and click on any confirmation links.
ProtonMail’s next reply was the following:
“Our team has examined your account once again and it will not be enabled. You will not be able to access your messages anymore or reuse the account.”
I really cannot understand why ProtonMail’s staff have treated me in this manner. My disabled account was just a few days old when it was deactivated. I only had a few, maybe six or seven emails, in the inbox folder with three emails coming from ProtonMail and the rest coming from Binance.
The thing is that, as far as I know, I did not even send a single email before the account was disabled. How did ProtonMail 's staff come to the conclusion that I wanted to use the email account for abuse? I am not stupid so if I wanted to use an email account to spam somebody, I surely would not use an email account that is tied to a cryptocurrency exchange account!
Not knowing what to do, I did a Google search to see if other people have been burnt by ProtonMail’s support after getting their accounts disabled. Not surprisingly, it seems that there are many other ProtonMail users who had their accounts disabled because of some “faulty” anti-spam filter. Apparently many users got their accounts suspended because they were using a VPN service while using their ProtonMail account. I too have a subscription to a VPN service and I would not exclude that ProtonMail’s spam filter flagged my account as suspicious due to the fact I was using the VPN service at the time.
While I can understand that no anti-spam filter is perfect, the real problem is that ProtonMail does not seem to care about its existing customers and potential future customers. I doubt that ProtonMail’s staff have done any effort to examine my mailbox and those of other disabled accounts.
Anyway, it is unfortunate that I had to learn the hard way the mistake I made in thinking that I would be better off in using ProtonMail to secure my Binance exchange account instead of Google, Yahoo or some other email service provider. While ProtonMail might be more secure, I am not aware that Google and Yahoo deactivate accounts for accessing the email accounts over a VPN network or for no other valid reason. What is the use of using a more secure email service if there is a high risk of getting email accounts disabled without doing anything wrong?
Although I will probably never get hold of my €500 worth of Bitcoin again, I hope that at least anyone thinking of using ProtonMail for cryptocurrency exchange accounts, work related accounts, bank related correspondence or even for personal use will find my story useful and will consider all pros and cons before taking a decision.
The fact that my ProtonMail account was disabled is kind of having my €500 worth of Bitcoin being held hostage by ProtonMail. ProtonMail does not have access to the cryptocurrencies in my Binance account but neither do I at this point. It is like I had two different keys to unlock the repository where the cryptocurrencies are stored and ProtonMail confiscated one of the keys. There is no need to say that I have worked hard for those €500, but what if I had €5,000 or even €50,000 worth of cryptocurrencies in that Binance account? How many cryptocurrencies and cryptocurrency exchange accounts will be lost forever because of ProtonMail’s actions?
ProtonMail’s “faulty” anti-spam filter is probably doing the company more harm than good. However, it is only ProtonMail’s fault for not doing anything about the issue, playing the bullies game, pretending to examine disabled accounts while providing no real evidence of abuse and being insensitive to the fact that disabled accounts can lead to loss of money, loss of business or loss of personal data.

UPDATE on 26th November: After providing proof that I am not a spammer, ProtonMail's abuse team contacted me this morning to inform me that my account has been enabled. I can confirm that the email account is working fine again.
Thank you ProtonMail for your understanding.
submitted by jxuer to ProtonMail [link] [comments]

Where is better to do crypto trading?

Where is better to do crypto trading?
Not all countries treat cryptocurrencies well. Therefore, if you are thinking of trading in digital assets, it will be useful for you to know in which countries this is a good thing.
We made for you a rating guide. Please feel free to use it!

https://preview.redd.it/b8eio7mic0421.jpg?width=6000&format=pjpg&auto=webp&s=16233ffe35860f20d0f97d518981a5ef40f2853b

Let's start with the negative attitude

China
In China, history seems to be reversed. They are "witch-hunting" again... We mean crypto platforms hunting, of course. At the same time, the matter concerns not only crypto exchanges but also peer-to-peer platforms.
In order to trade in crypto assets, the local population uses VPN.
Bolivia
The Bolivian Financial Supervisory Authority System (ASFI) is quite cruel to those involved in cryptocurrency matters. In any case, there are already 60 people on trial for this type of activity.
Moreover, since 2014, Bolivia has considered both Bitcoin and all Altcoins as pyramidal schemes. This is the first country in the world to ban the use of absolutely any currency that would not be issued or controlled by the government.
Bangladesh
Bangladesh law enforcement agencies are actively seeking holders and traders since any cryptocurrency operations are prohibited. For them, all the methods seem to be good - except that there is no announcement of a reward for their heads.
The Central Bank of the country declared that cryptocurrencies cannot be legal means of payment.

... continue with the neutral attitude

Japan
The Japan Financial Services Agency (FSA) is now considering the possibility of changing the legal framework for cryptocurrencies.
It is important that Japan is the first country to adopt a bill that recognizes cryptocurrency as a means of legal payments.
South Korea
After considering the issue of banning trade in cryptocurrencies and ICO in 2017, because of the fear of possible money laundering and tax evasion, South Korea is developing a structure that will allow Korean companies to collect funds on crypto markets.
The market also suffered from bursts of manipulation schemes. In response to many questions, South Korea issued a direct ban, and only recently decided to partially accept crypto market with certain conditions.
Seychelles
Now in Seychelles, several large crypto exchanges are registered. They are probably attracted by the lack of regulation of cryptocurrency trading and the advantages of the offshore zone.
However, at the moment the status of Bitcoin in this region is controversial.
Belarus
Legal regulation of cryptocurrency in Belarus so far consists only of the Decree of the President of the Republic of Belarus of December 21, 2017 No. 8 "On the Development of the Digital Economy." The decree has not entered into force, so Belarusians have no formal permission to use cryptocurrency in any way.
But at the same time, the country's leadership is loyal to the crypto industry. It is possible that a trading space "paradise" will appear in Belarus.
Russian Federation
Since January 2018, the implementation of cryptocurrency legislation has been actively discussed in the country, but so far there has been little success in this area.
Singapore
The country plans to divide cryptocurrency actions into three categories. The first is utility tokens, the second is digital security tokens, and the third group will include payment tokens, that is, cryptocurrencies.
In general, many cryptocurrency startups complain about not too transparent legislation in Singapore. At the same time, the government is clearly keen on the idea of attracting crypto traders.

... and end with a positive attitude

Malta
Malta is one of the most cryptocurrency-friendly countries.
The group of islands exceeds the major players: Japan, Korea, China, USA and Belize. The country has advanced in the acceptance of the crypto industry, ahead of such former leaders as China and the United States.
Even Binance crypto exchange moves to Malta. It means a lot!
Great Britain
Great Britain is another country that has long entered the race for the title of world cryptocurrency capital.
"The UK competes with other financial centers around the world that are also striving to become the crypto capital, so it’s important that this regulation be implemented as soon as possible," said Zeeshan Feroz, Coinbase UK CEO, in a letter to CNBC
USA
Los Angeles - the first in the list of US cities that accepts Bitcoin. There are 878 companies working for cryptocurrency. New York is the second after Los Angeles.
Manhattan in New York took the first place in terms of crypto trading - 6.9%, followed by Chicago - 4.9%, Jacksonville - 4.2%, San Francisco - 3.5%, San Antonio - 3.1%, and Washington - 2.4%.
Switzerland
Switzerland launches the process of registering crypto exchangers. To legalize their business, companies need to obtain a license from the Swiss Financial Market Supervisory Authority (FINMA).
Australia
Crypto exchanges are legalized in Australia, and the country is progressing in establishing legislation that meets the challenges of the crypto industry.
In 2018, the Australian Transaction Reports and Analysis Centre (AUSTRAC) announced the implementation of reliable cryptocurrency exchange rules.
The new rules require that exchanges operating in Australia register with AUSTRAC, identify and verify users, keep accounts, and fulfill AML / CFT reporting obligations.
In the future, unregistered crypto platforms will be subject to criminal charges and financial penalties.
Such conditions will surely be attractive to traders who are attentive to their assets and want to keep them safe and sound.
submitted by PlasmaPay to u/PlasmaPay [link] [comments]

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Buy Bitcoin on Binance! Best VPN practices. Whether you've just decided to take the plunge or already have a VPN, there are some things you need to know about how your chosen VPN operates. You could decide to set up a VPN because you don't trust your Internet service provider. It's a valid reason for doing so, but you should be aware that you ... I strongly advise you hold back just a tiny fraction of a Bitcoin each month to afford a reliable VPN service. How to Get a “Throwaway” Email Address. I’ve previously mentioned a “throwaway” email address. This is an email address that can’t be easily traced back to you, like your usual @gmail.com or @hotmail.com address can. These ... Fortunately, with the help of the right VPN service it’s as easy as pie. Most popular crypto trading platforms. Binance. The daily turnover of the Binance crypto exchange normally exceeds one billion dollars. In some cases, it can reach even four billion. The platform has a convenient multilingual interface and many additional tools, which makes trading more comfortable. Binance charges a ... How to choose the VPN- service . A wide range of VPN-services is presented and it is often quite challenging to come to grips with how to pick the best available option and not to be fooled. While thinking over the decision take into consideration the following characteristics which perfect VPN-service must possess: A large number of exit points; When using my VPN I get the following error: Network unavailable,please refresh and try again However it works fine when using it without VPN. What is the cause of this? Stack Exchange Network. Stack Exchange network consists of 176 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. Visit ... Because of this, several prominent VPN providers now accept Bitcoin payments (while some no longer accept credit card payments at all). Since the differences between these providers can be a bit nuanced, however, a third-party VPN site can help you in figuring out which VPN is the best fit for you. Top 10 Bitcoin-Friendly VPN Services. TorGuard ... Kaufen Sie Bitcoin auf Binance! Bewährte VPN Praktiken. Unabhängig davon, ob Sie sich gerade erst entschieden haben, den Schritt zu wagen, oder ob Sie bereits ein VPN haben, gibt es einige Dinge, die Sie über die Funktionsweise des von Ihnen gewählten VPN wissen müssen. Durch eine Analyse der Blockchain erhoffen sich die Behörden, die Einbrecher schnappen zu können, die die Kryptobörse Binance um 7000 Bitcoin erleichtert haben. As you may know, Bitcoin and other cryptocurrencies (except privacy coins) ... A VPN service adds an extra layer on top of that, which makes all of your web interactions more secure. These are the key reasons why you should use a VPN when ... Finding the right VPN service for Binance Coin can be very tricky and complicated process. There are many providers available, but not everyone offers the same service quality, reliability, and security. Therefore, choosing software for cryptocurrency in some cases can be even dangerous. Fortunately, our software specialists have tested most of the VPNs. And they have chosen to recommend only ...

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how to transfer Bitcoin from zebpay to Binance

Binance is blocking US residence soon. Are you wondering which alternative Bitcoin and Crypto exchanges to use? If so tune in! Become a CryptosRus INSIDER to gain exclusive insight on the market ... Bitcoin Technical Analysis & Bitcoin News Today: On Binance and BitMEX you can trade the altcoins when the altcoin boom comes. Also, I'll use technical analysis on the Bitcoin price to make a ... 13:19 - Bitcoin is being spent for goods and services surprisingly often 15:10 - 404 Logic Not Found: Craig Wright and Mike Novogratz 19:46 - Another HUGE sports-related crypto collectible project In this video: Deposting Bitcoin to Your Binance Wallet Address. We go step by step and deposit Bitcoin to Binance Wallet Address. How to fund binance account. Binance US Adds New Coins, Bittrex Halts Service, Bitcoin Breakout & Crazy Bitcoin Prediction The Modern Investor. Loading... Unsubscribe from The Modern Investor? Cancel Unsubscribe. Working ... How to transfer bitcoin zebpay to Binance Hllw frnd, agar video accha laga ho to like/share/and subscribe jaroor kre Jisse aapko aage ki koi v video dekhne me easy hogs. This Line Is Critical For Bitcoin + Binance Scandal Altcoin Daily. Loading... Unsubscribe from Altcoin Daily? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 161K. Loading ... Bitcoin Technical Analysis & Bitcoin News Today: Binance will launch Bitcoin leverage trading. This mean that Binance will compete with BitMEX and Bybit. Also, I'll use technical analysis on the ... The US is trying to block investors from managing their own finances and investments. Using the Binance DEX can't be stopped by the US and its extremely easy to use and safe. Nord VPN: https ... This video is a brief introduction on options trading in #Binance #JEX Exchange Binance JEX belongs to Binance.com. Here in Binance JEX, you can trade #Bitcoin Futures, Bitcoin Options, Ethereum ...

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