Bitcoin is for the unbanked – and those who’d like to get unbanked. Transferring bitcoins to bank account is not viable, but buying is. There are several exchanges that allow the feature of buying bitcoin with the bank account. The most renowned ones being:
CoinBase is the world’s biggest Bitcoin broker. In the United States, you can purchase bitcoins with an associated bank account by means of ACH bank transfer. In Europe, you can purchase with your bank account by means of SEPA exchange. Buys made with ACH take 5 days for the coins to be conveyed, while SEPA buys take under two days. CoinBase charges 1.49% fee on all exchanges. Americans may include a Visa or Mastercard as reinforcement to unlock instant payments by means of bank transfer.
Bitstamp is one of the world’s biggest Bitcoin exchanges. It makes it simple for Europeans to buy bulks of bitcoins quickly with SEPA bank exchange. Practically anybody on the planet can utilize their bank account to send a wire exchange to Bitstamp. Fees may apply.
Kraken is the world’s biggest euro-designated Bitcoin exchange based on daily trading volume. It underpins bank transfers from US, European, Canadian, British, and Japanese clients and deposits can be made through SEPA exchange and international bank transfers.
So, these are the top three Bitcoin exchanges which allow their clients to buy bitcoins with the bank account. based on your location, choose one that you are most convenient with.
Tags: best place to buy bitcoins, buy bitcoin with bank account
Being the most popular decentralized cryptocurrency, bitcoin is an online version of cash. This independent, peer to peer version of money is not directly connected to ready money. You can not buy it at ease. You will have to use different online exchange sites to transfer or convert your cryptocurrency to fiat currency.
Pay pal has been the biggest ally for bitcoin for quite some time. It allows you to easily and quickly convert your bitcoin amount to fiat currency- USD or any local currency you wish for.
But not all of these sites are safe and convenient to work at. These cryptocurrencies- bitcoin is decentralized. Means, they can not be traced. The biggest con of this feature is that it can create a lot of fraud and scam during the transfer. The risk is pretty much very high. Buyers can complain that they didn’t receive the bitcoin in the transaction. And the seller will not be able to prove his verdict that the transaction was performed. In result, he will have to refund or reperform the already done transaction. The transaction fee of these is comparatively higher too.
How do I send my bitcoins to pay pal?
Payticoins.com provides a secure, easy and free transaction of these cryptocurrencies. Bitcoin being abstract, they believe in reducing the gap between these currencies and the users- you!
They want to revolutionize the way in these crypto coin exchanges are being done around in lots of companies. So, in order to provide secure yet anonymous transactions, PaytiCoins.com aims to aid this revolution of crypto coins in the world today.
Why PaytiCoins Exchange?
Though there are a number of platforms supporting the transaction today. The choices and compromises lay side by side for you to choose from. But why choose Payticoins? So, here are some of the whys:
A large number of companies and operators is maintained, for you to choose for the exchange.
With exchange time as low as 1 minute to 5 minutes.
Making sure there are low commission rates, varies depending on the company you perform the exchange with.
10% referral value to the clients in their referral link through our referral system.
Paypal to Bitcoin- Step by Step
For the transaction, there are few easy and remarkably effortless steps you will need to follow.
Open the page to PaytiCoins.com from your browser.
It will not require you to make any account requiring any of your personal information. Supporting the protocol behind the digital currencies, we give you the opportunity to carry out exchange by just providing your valid email address. That email will be confirmed for the validity first and a unique wallet will be created in your desired currency. Later, after the transaction, a confirmation on your provided email will be sent.
You will directly jump to the page where it will require you to add the cryptocurrency type and amount.
Send from, choose – cryptocurrency (Bitcoin)
Transfer to – Pay Pal
It will then require you to set the amount you need to convert.
Enter the number of Bitcoins you need to convert in the fiat currency
Then hit- Continue Exchange
This will then show you the Receive Amount in the relevant currency you choose to get transferred to.
The two most important and vital things we will require from you will be your PayPal account address and your email address. These addresses will be verified before the transactions will be performed. And later after the transaction, a verification email will be sent to the address too.
Pay Pal Account
Hit- Become Exchange
The system will then generate you a secured QR code. It will show you the processing and the number of BTC that are being transferred. This will also display the bitcoin address of the user.
It will require you not to shut down the window until the status prevails as ‘Awaiting Payment’ and is not identified. It will require a couple of minutes until you receive the stated amount in your transfer.
You can always counter check the transaction by scrutinizing your Bitcoin account and verifying email sent to your address of the transaction. The bitcoins sent will be shown in the ‘minus’ with the same amount you chose.
Now you can simply enjoy your transacted amount in your Pay Pal Account with no reservations.
Bitcoin is cryptocurrency that came into circulation just a few years ago. Some critics call Bitcoin unsafe to trade form of currency due to the facts that it has no authentic value, can be used to make illegal transactions and there is no regulatory authority to keep it under control.
Despite above-mentioned concerns, the interest in bitcoin from different corporations keeps growing each day. Let’s take a look at some of the good reason as to why using Bitcoin value is a good idea.
GOOD REASONS TO USE BITCOIN:
How to use Bitcoin?
Payments Are Quick:
The transactions made through banks or wire transfer are often slow and take several days to complete. On the other hand, Bitcoin transactions are instantaneous and take seconds to a few minutes to complete.
Usually, Bitcoin transactions are categorized into two types: zero confirmation and the transaction in which the merchant needs approval.
Zero confirmation transactions complete within a few seconds. However, the transaction with merchant’s approval may take up to 10-15 minutes to complete; which is still pretty quick compared to traditional transactions.
When it comes to making quick transactions, one might say “credit/debit card transactions are also quick, so why use Bitcoin?”
The answer is that to buy bitcoins with credit/debit card charge a certain fee for using this service. On the other hand, Bitcoin transactions are quick and charges involved are extremely low.
No Chargeback Frauds:
With bitcoins, the sender cannot reclaim the coins without the consent of recipient which ultimately eliminates the chargeback fraud – a fraud which is pretty common for credit/debit card users.
What happens in this fraud is that people purchase an item and if it turns out to be defective, they get in touch with credit card agency and ask for a chargeback, which effectively reverses the transaction.
Personal Details Safety:
Credit card numbers are always at the risk of getting stolen during an online transaction. On the other hand, Bitcoin transitions are theft-proof. All that is needed to complete a transaction is to match Bitcoin key with your private key and you are good to go.
Bitcoin Is Not Inflationary:
Whenever the economy is sputtering, the government prints new currency and injects it into the economy to strengthen it. The approach results in inflation. However, such is not the case with Bitcoin. The currency is finite and designed to reach no more than 21 million coins before the year 2140.
This means the more people use this currency, the more it appreciates in value.
These are some major reasons as to why you should use bitcoins value 2017 instead of credit/debit card to trade. Some more reasons to justify the bitcoin usage are:
All transactions are stored in a ledger called “Blockchain”. The ledger can be accessed by anyone, keeping the transactions transparent.
Micropayment like 22 cents are free
Numerous major corporations like Reddit, Pizza Chains, Bank of England and Fed, WordPress, etc. are now accepting bitcoin payments.
In conclusion, bitcoin is extremely secure compared to traditional currency. The use of Bitcoin is increasing each day and it’s pretty safe to say that future belongs to Bitcoin – the most popular digital currency out there.
Bitcoin is a relatively new digital currency which is used in making online transactions between two individuals. The currency is considered to be the most efficient and safest form of online payments. (Learn how to pay with Bitcoin online)
Bitcoin can be used as a method of payment on several platforms but is most popular on the gambling websites.
Bitcoin functions not only in the form of payments but you can also make earnings through Bitcoin donations if you run a website/blog.
Nonetheless, when it comes Bitcoin donations, the most frequently asked question is: “How to accept Bitcoin donations” because accepting Bitcoin website donations is becoming more troublesome as the number of individuals shifting to online payment methods keeps on growing each day.
How to Accept Bitcoin Donations?
You can accept Bitcoin donations in the form of your local currency, such as USD, Euro, etc. The donations are similar to those of fiat currency. The only difference is that Bitcoin only exists virtually, while the traditional currency can be directly sent to your bank account or handed to you in person.
Currently, there are only 12 million bitcoins in circulation, most of which are held by the businessmen.
Also, there are plenty of efficient tools that convert traditional payments into Bitcoin. For this, all you require is a Bitcoin extension.
What Are the Methods in Which You Can Accept Bitcoin?
Normally, there are three ways to accept Bitcoin donations. The methods are discussed below briefly.
You can make/accept variable amounts of donations using an image link. The link supports a specific donation and a Bitcoin blog link. Then you will need to place a Bitcoin QR code on your website which will allow users to make donations using their smartphones. To ensure a Bitcoin donation, you must maintain a secure environment.
An alternate option to accept Bitcoin donations on your site is a donation counter. The counter helps your visitors how many donations you have received so far as part of the campaign. The counter can also be used to indicate a time frame and a standard amount of the donations a user might wish to place.
Another way to accept Bitcoin donations is to add payment buttons on your site. A visitor who clicks on the payment button is taken to an interface which can be controlled until the bitcoin payment is received.
Bitcoin donations must take place under a safe environment, so make sure your site is safe while trying to make a Bitcoin transaction. The standard website security requires you to have complete control over all the transactions made through the website.
Bitcoin addresses are vulnerable to security threats. Lack of security could result in a donation being directed to an unwanted party.
Dave Carlson, who owns America’s largest bitcoin mining operation could be mining as much as $8 million worth of bitcoin every month. However, Dave dismisses this figure as ‘exaggeration’ and ‘fake news’ created by media.
With the mainstream media proceeding to paint bitcoin mining operation as modern age gold rush, Carlson’s story has been of particular interest, regardless of whether it hasn’t generally been put in the correct context.
To be fair, though, evaluations of his potential earnings don’t appear to be far-fetched when you consider he went from driving a $300 Honda to directing the largest bitcoin mining operation in America in simply under a year, and that bitcoin mining is still broadly misunderstood.
All things considered, when the facts are examined, his business is no less impressive.
Tags: Bitcoin videos, bitcoin mining
To get to the truth of his story, CoinDesk addressed Carlson about the increased attention his Washington-based bitcoin mining operation (he refused to disclose the location) is getting, how he assembled the organization and how it earned $8m a month when bitcoin costs were close to their peak.
“I used to spend long hours configuring servers, assembling rigs, and connecting cables. I now have a technical team that covers assembly, deployment, facilities, optimization, and management. I invest the greater part of my energy dealing with the bigger issues the organization faces in regards to future development and operations.” said Carlson to sum up his business growth.
On 22nd March, a cyber-attack was discovered in the US city of Atlanta. In the attack, hackers shut down the main computer systems and demanded $51,000 in Bitcoin for re-enabling the affected systems. It was noted that this disruption was affecting systems through which some consumers used to pay bills and access information related to court. Computer hacking isn’t something new to hackers as cryptocurrency related hack has been attempted by them many times before.
According to some reports, the officials of the city are working with the US Department of Homeland Security FBI, and Microsoft to discover the extent of this violation and to find ways to resolve it. City officials invigorated citizens on 23rd March, in order to check their personal accounts and information, if any of them think that their personal information could be conceded in the hack.
Public Announcement of The Attack
The attack was announced by the mayor of Atlanta, Keisha Lance Bottoms, in a press conference on 22nd March. The members of the press were told by her that the officials still don’t have any idea about the extent of the attack or if bank accounts or personal data of anyone will be compromised as she stated:
“All of us are subject to this attack.”
Is there anything done to resolve the situation?
However, the situation still needs to be resolved. The price of Bitcoin is trading at $8,469 at this very moment, which shows that the demanded ransom is going to cost the city around 6 bitcoins as this is not the very first attempt of hackers to hold municipal computer systems as a hostage in exchange for the cryptocurrencies.
Former Attacks Linked to Bitcoin
Back in November 2017, Sacramento Regional Transit system was attacked by a hacker for a ransom of 1 bitcoin demand, and bitcoin had the worth of $8,000 at that time. Another malicious example of ransom for Bitcoin is from December 2017, when a parcel bomber in Germany demanded a €10 million ransom to be paid in the form of Bitcoin as he sent this in a message to a Potsdam Christmas market. However, the package failed to explode and had a QR-code for depositing bitcoins, as well as explosive material that was derived from nails and fireworks.