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Have you ever heard of Wirex? Wirex has been making a name in crypto trading. Many traders are very much surprised on the card’s functionality. It is an all-in-one card that you can use for any type of transaction. If you haven’t had your Wirex Bitcoin Debit Card, my review about the Wirex Bitcoin Debit Card just might convince you to get one.
What is Wirex?
Wirex is one of the most popular bitcoin debit cards. Many cryptocurrency traders often use Wirex in their trading and other personal transactions. The card was created and conceptualized by E-Coin. This debit card has been in circulation since 2014. The card comes in a virtual and physical card. The virtual card is under Visa and is a perfect card for online transactions. On the other hand, the physical card is under MasterCard. The MasterCard comes with an EMV feature and PIN code for any transactions in physical stores. Both debit cards are accepted for any Visa and Mastercard transactions.
What benefits can you get from Wirex?
One of the good things about the card is that it can be delivered to more than 130 countries. Apart from that, it also has a mobile app that allows you to check and transfer funds. The mobile app also allows users to exchange fiat money to a digital token or vice versa.
Wirex has tight security and allows the user to use two-factor authentication. This feature reduces the possibility of the user becoming a victim of fraud and scams. The debit card is not a reloadable pre-paid card. The money that you have in your account will automatically reflect on the card. It has its own account number, CVV code and expiration date of the card.
The best benefit that you can get from the card is it’s 0.5% cash-back if you happen to use it in stores. This is actually more like token-back in the form of cryptocurrency.
What are the things that I don’t like from Wirex?
One of the disadvantages of the Wirex card is that it takes a long time before you can get it. Aside from that, the verification process is often slow and takes a long time to complete. Wirex will ask for several documents before you can complete your verification process. It takes up to 10 days before you can actually complete the process.
The actual Visa debit card is only available to users living in the UK. Users from other countries like the US and other European countries will only have access to the pre-paid card version of Wirex.
List of Fees for Wirex Debit Card
Like any other debit cards, the Wirex also has a monthly service charge. This applies to both Visa and MasterCard. In addition, the physical card also has an additional fee of $17 upon issuance. ATM withdrawals are charged $2.50 for domestic withdrawals while international withdrawals are charged $3.50
To summarize, the Wirex Bitcoin Debit Card is available in both Visa and Mastercard with both Virtual and Physical cards. It also has a mobile application. It supports fiat money like USD, EUR, and GBP. Wirex also supports cryptocurrencies like Litecoin (LTC), Bitcoin (BTC), and Ethereum (ETH). However, Wirex does not allow anonymous accounts.
Conclusion
Overall, Wirex is one of the best options for BTC debit cards. If you happen to live in the UK, this card is the perfect one for you. It’s safe and easy to use. The company is also equipped with the best customer services. I like how flexible it is to transfer crypto and fiat money from one account to another with a stringent identity verification measures. If you happen to consider getting a Bitcoin Debit Card, try Wirex. It’s cheaper and safer.
How was your experience with Wirex card? Send us your comments and tell me what you think about it.
What is the Kraken exchange?
Are you interested in cryptocurrencies? If you are, would you like to invest in or trade with these virtual currencies? Then you need to choose a trusted digital currency platform that is secure yet easy to use. Why not consider the Kraken Exchange?
The Kraken Exchange
Kraken is one of the earliest cryptocurrency exchanges that have been introduced in the world of virtual money. This cryptocurrency exchange started in 2011 and continues to be one of the most favored cryptocurrency exchanges to this day.
It is no wonder, then, that many traders would opt for Kraken Exchange. First of all, the Kraken Exchange is known for its well-secured platform. Hackers often pose a threat to virtual currency exchanges but have found it difficult to hack into the Kraken platform. Since its creation, no problems were encountered by both the traders and Kraken exchange itself.
Another reason for its popularity is that it helps new traders who don’t have their own cryptocurrency tokens do a trade. The platform has a special feature that allows new traders to use fiat money. Fiat money is actually the regular currencies in circulation today that includes the US and Canadian dollars, European Pounds and Japanese Yen.
Kraken had been one of the breakthroughs and the current leader in cryptocurrency trading in Europe. The Exchange was able to increase the volume of Euro to Bitcoin exchange. In 2014 alone, the platform was able to score the highest volume in trading Euro to Bitcoin.
It the same year, the platform also introduced a groundbreaking proof-of-reserves audit that was listed on the Bloomberg Terminal. Today, Kraken is now based in San Francisco, California and is ready to take in new and old traders in the US, Japan, Europe, and Canada.
A third reason why many prefer Kraken is because of its dark pool. The dark pool is a private exchange, exclusive only to the premium clients of the platform.
Opening a Kraken account
Registering to Kraken is very simple and easy. First, you have to sign up. The platform will ask for some personal details like your email address, chosen username, and a password.
Once you have filled out this part, you will receive a confirmation email to verify your identity. Make sure to open your email once you have filled out the necessary details.
When making a Kraken account, you can choose one of two types of accounts. We have Basic and Advanced accounts. The Basic account requires you to provide your personal information like your name, birthday, contact numbers, and address. The Advance account requires users to upload security details like an ID or their social security number. They also require a two-way authentication and bank details.
Kraken also offers various trading Tiers and features which are exclusive for advanced users. Basic users can upgrade their accounts through the easy verification process of the website. It may take a few days, though, before you can finally move up to the advance tiers.
Depositing funds into your account
After you have made your account, you can now deposit a certain amount of cryptocurrency or fiat money from your bank to your Kraken account. You will also be asked to give your cryptocurrency wallet address or your bank details.
How to trade on Kraken
Trading on Kraken
Once you have the funds in your Kraken Account, you can start trading. Click on the “Trade” tab on your interface and choose “New Order”. You can now trade with different types of cryptocurrency. Just indicate the amount that you’d like to trade, then choose from two different types of orders, Market and Limit. Limit orders are a type of order that allows users to set a particular amount whenever they buy trading tokens. Market orders allow traders to trade at a specific market price at that particular moment.
How much are the fees and charges?
Kraken charges fees for every transaction based on the methods and currency that you are trading, and on your current location. Each country differs in terms of deposit and withdrawal fees as well as trading fees. Countries from EEA can deposit funds for free with a €0.09 charge for every withdrawal. Bitcoin users can also deposit funds for free and charged 0.001 BTC for each withdrawal. You can check out the details in their Fee Schedule on their official website at www.kraken.com.
Good luck and have fun trading at Kraken.
Ethereum is a blockchain platform with smart contract range of capabilities and purpose. Vitalk Buterin invented Ethereum as an underlying platform for developers in 2013 to develop decentralised apps. The platform’s popularity acquired tremendous fame, and so its currency Ether.
The whole process runs on Ether which is the necessary cryptocurrency tokens. Read the article Facts We Need To Know About Ether. Ether has lots of functions including consisting of assistance in the development of dapps and system updates. So, how do you acquire on some Ether?
How To Purchase Ethereum?
Here are the simple steps and guide on how to purchase an Ethereum online.
Get An Ethereum wallet
It’s apparent that you would require an Ethereum wallet to keep your Ether. The wallet is a requirement before you can purchase any Ether. There’s no lack of Ether wallets. You can find several numerous complimentary wallet apps for your phone to download the Ether wallets.
Get an Ethereum wallet
Purchase Ethereum On Cryptocurrency Exchanges
The vast majority of cryptocurrency exchanges will allow you to offer and purchase Ethereum. And even the Bitcoin perfectionists such as Coinbase have warmed to Ether. You’ll find it’s worth looking for the best rates there is.
What’s more, it’s difficult to go wrong with the most outstanding exchanges. Here are some of the transactions that offer Ether:
How To Buy Ether Anonymously
The easiest way to purchasing Ether is online; So, there are ways to buy it anonymously. Several users worry about security and data defence. It’s because some of the online exchange services require you to provide personal information to trade. And for some, it’s not their cup of tea.
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Purchasing Ether From Ethereum ATMs
Bitcoin ATMs turned out to be more and more popular. But, they’re by no means the only crypto-ATMs in the market at present. Ethereum ATMs also end up being more visible in bigger cities. When you’re able to locate the nearest Ethereum ATM, you can scan your wallet’s QR code with the machine’s cam.
Buying Ether With Money
An Ethereum equivalent appears in every Bitcoin platform. The platform gathers interested parties to transact and trade Ether.
Sign Up With An Ether Meetup Group
Are you one of those who feels uncomfortable trading with a stranger on the internet? You’re not alone. The good news is, there are several Ethereum meetup groups. The meetup groups answer fellow Ether lovers with their questions, meet face to face with fellow Ether admirers, talk and discuss over the most recent updates in the neighbourhood, and also trade tokens.
Staying Safe
How to purchase Ethereum and to make a deal are permanent. And there’s no process to recall the loan in case you made an error. So, stay safe and secure your Ether wallet by using two-factor authentication.
Which is the better between ICO vs VC competition? One of the foremost hardships startups experience is raising capital. And to solve this problem, any business can take advantage of ICO or venture capital (VC). But which ICO vs VC goals is better for any startups?
ICO Vs. VCO Competition
So in ICO vs VCO competition, which one is better for a company? There’s the option of the old and familiar venture capital (VP) and the Initial Coin Offering (ICO).
Venture Capital or VP is raising money coming from a group of venture capitalists who will take the risk of investing their money in exchange for the company equity. The Initial Coin Offering or ICO otherwise is raising money worldwide from any person who has the internet connection and enough money to purchase a token.
With the introduction of blockchain and cryptocurrencies innovation, ICO also had been present for a couple of years. The equity capital combines raising funds from several investors and has also been visible for around several years.
The basics of ICO is that it grants startups to fund themselves without any equity obligation. So ICO could be the game changer. Picture this, why should one share a per cent of the company if, at present, it’s potential to raise money without it? But, don’t rush into things because VC still has a couple of aces with it.
But why do startup entrepreneurs consider ICO as the perfect one? Reports say that there were 5.3 billion allocations be entrepreneurs who developed hundreds of ICOs launched in 2017.
Who can invest in ICOs?
Who Can Invest In ICOs And VCs?
One of the advantages in ICO is that nearly everyone can be an ICO financier as long as they have the internet connection and can access major cryptocurrencies like the Bitcoin (BTC) and Ethereum (ETH). In ICOs, the geographical place is never a barrier.
Furthermore, in ICO, you don’t even need a working item to attract investors as long as your concept is engaging. Another advantage of ICO is that the investment is open to both experts, knowledgeable and the unskilled or inexperienced investors.
Compared to venture capital investors who are often experiencing businesspeople, in ICO you can be an investor even when you have no business experiences. In VC, there should be a concrete and logistic plan and approach to everything.
You would require to have a superb idea, a clear demo, a prominent content on your documents, the best and well-prepared pitch, and a specific roadmap in VC. You should be an expert on your tone, so you have concrete answers to provide from potential capitalists. But the best about VC is that these investors will stick with your business for a long time and they’re not after fast money.
Where To Find ICO vs VC Audience?
First, let’s explain the difference of the ICO to the business consumer sales and VC to business to business sales. Also, it is crucial to note the pros and cons of venture capital vs ICO funding.
VC investors eagerly prefer local-based industries. Why? It lessens their need to study and understand several markets when it comes to competitors and guidelines.
But these kinds of funding commits to countless meetings and finalizing of several documents. Also, the geographical setting is also an essential factor to consider.
VC investors are seasoned businessmen. So, they have a lot to demand from your business and a lot to propose as well. When you don’t have the velvety pitch, an impressive demo, a hard-boiled but remarkable document, and realistically detailed roadmap, then forget VC because these investors will not buy it.
The best about the VC audiences are they’re more dependable and reliable. These investors will support your business for the long run and don’t expect a quick return on their capital. But these VC businesses at present are now also sighting on to the crypto sector to also take advantage of its benefits.
With ICO vs VC investors, the ICO is for everyone and from everywhere. Your business can have the potential to acquire a lot of money even from people living on another continent. You also don’t need to have a working product nor a track record of your business experience. As long as your idea has enough buzz, you will get the funds!
Take an important note that the nature of ICO is the “quick buy-sell process.” So, compared to the VC investors, the ICO investors will only stop by to sell the tokens for a quick profit. By the time they see you undertaking some issues, they will drop your venture without sentimentality.
What do investors look at?
What Do These Investors Look At?
These investors are enthusiastic that the ICO tokens will get high on with time granting them to generate revenues when they offer them later. ICO investors search for a strong idea that they assume will be attractive as soon as the project launched.
However, VC offers startups with several essential things on top of financing. VC financiers provide the startups with company guidelines, scalability, and consulting aside from funding. It’s because VC capitalists are the experts on these aspects. More on, these capitalists offer more business connections which are beneficial for raising the adoption of a brand-new company by the already recognized firms.
But How Do We Persuade Investors?
As an entrepreneur, it’s your foremost duty to raise capital whether through ICO or equity capital. But how to convince financiers? It’s to win the trust of the investors.
Having a stable and robust concept is enough to convince the investors to put funds in your projects. How to shorten the quantity of time you will need in looking for investors lies in how attractive your idea and plan are to the potential capitalists.
Where Can ICOs Launch?
ICOs are available across the globe as long as there’s an internet connection. The ICOs capitalists also don’t care about the geographical setting of the business using the ICO. They will only think about whether the value of their tokens will increase or not. ICOs develop the possibility of organizing together both project leaders and financiers.
Conclusion
ICO vs VC competition has several pros and cons. ICOs outpaced VCs in regards to the amounts collected by startups. ICOs interrupted the traditional investment processes and provided an even effective method of raising capital, yet, it’s still early to jump into conclusion on the fate of VCs. In summary here are the pros and cons of venture capital vs ICO funding according to Cointelegraph:
VC
• Investors Loyalty
• Business guidelines and knowledge support
• Building valuable connections
• PR credit
ICO
• Freedom, no equity required
• No working product needed
• No geographic limitations
• Rapidity – no bureaucracy