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If you’re looking for a new luxury apartment, you might be surprised to know that now you can actually purchase one with bitcoins.

Recently, Dubai had announced an apartment project where Bitcoin owners can purchase these chic apartments.

Well, Turkey isn’t far behind as the owner of the MiaVita Beytepe project in Ankara, Turkey just announced that their very own luxury apartments are available for purchase using the digital currency.

Erdal Daldaban, the project manager firm owner, had enthusiastically said:

“We decided to make sales via Bitcoin, which has recently attracted the attention of Turkish investors with its recent value route, considering that we could also attract the attention of our customers who appreciate their investments like this.”

Why Bitcoin?

Daldaban says this is the reasonable next step:

“Bitcoin and digital money has become an element that can no longer be ignored by the global economy.”

This is mainly because of its current value in the market and the increase in its adoption around the world.

During last week, a home in Austin, Texas was bought using bitcoin news and a house in London was put up for sale on a minimum price of 500 bitcoins.

 

News Credits: steemit.com

Image Credits: fox40

Tags: Bitcoin Turkey, Bitcoin trading

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Why Should You Use Bitcoin – Reasons to Use Bitcoin In 2017

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Reasons to Use Bitcoin

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.

Inexpensive:

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.

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How to Buy Bitcoin in The UK

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This article will explain the six easy methods to buy Bitcoin in the UK. It depends on whether you choose to buy Bitcoin using cash, card or bank transfer. You will have different options available to you.

Here are some ways to buy Bitcoin in the UK.

how to buy bitcoin

Method 1 – Buy Bitcoin with Credit Card in the UK:

Some steps to buy Bitcoin with credit card in the UK are:

  • Pick a Website: Some of the best sites to buy Bitcoin with credit card in the UK include Bittylicious, CoinCorner, and Circle. This is the not much secure way and because of less security currently, it attracts the lowest limits, highest fee, and most strict verification. The process mostly includes some steps which are chosen service and follow their on-site instructions. The Circle may change this trend but they are newcomers and don’t officially support UK cards.
  • Enter the Amount You Want to Convert: The limits of transactions may be low at the start but they may increase after the first successful transaction or after finishing their verification procedures.
  • Enter the Bitcoin Wallet Address for whom You want to make payment to.
  • Make the Card Payment
  • Depending on restrictions to each site, after some time and verification, you’ll receive your Bitcoin.

Method 2 – Buy Bitcoin Using a Buying Service:

Some steps to buy Bitcoin using a buying service are:

  • Pick a service: The purpose of buying services is to make it easy to buy a small amount of Bitcoin. Best options in the UK include Bittylicious, SpeedyBitcoin, QuickBitcoin, CoinCorner, and CoinDuit. Some of them accept cards and some accept cash payments.
  • Enter the amount You want to exchange.
  • Enter the Bitcoin Wallet Address for whom You want to make payment to.
  • You will pay them usually by Bank Transfer, and you must have the transaction reference which they provide you with.
  • Within 15 minutes after the payment, you’ll receive your Bitcoin.

Method 3 – Buy Bitcoin Using an Exchange:

  • Go to a Bitcoin Exchange as CoinCorner and CoinFloor and create an account. CoinCorner and CoinFloor allow you to pay directly in Pounds. You may also choose Bitstamp and Kraken but these Exchanges will involve a conversion of Pounds to Euros and also a SEPA transfer. Generally, this conversion results in an additional fee. This is the best option if you buy Bitcoin regularly or in bigger quantities, as the Exchange rates are generally most competitive. If you just starting you must prefer to use a different option.
  • Transfer in money by SEPA or Bank Transfer.
  • Wait for your money to clear about 1 to 4 working days. This differs between Exchanges.
  • Transfer your money for bitcoins.
  • Transfer your Coins from Exchange to you Bitcoin Wallet.

Method 4 – Buy Bitcoin with ATM:

  • Check if there is a Bitcoin ATM nearby.
  • Make sure before going to the ATM that you’ve some Pounds Sterling notes because these machines don’t accept credit/debit cards.
  • Go to the ATM. You may also have to bring Proof of ID because some ATM machines require this.
  • Follow the on-screen instructions.

Method 5 – Buy Bitcoin from a Friend Who Owns Bitcoin:

  • Find a friend who already owns Bitcoin.
  • Check the exchange rate.
  • Decide a number of Pounds which you want to exchange.
  • Pay them your Pounds.
  • Provide them your Bitcoin Wallet address so your friends can pay you in Bitcoin.

Method 6 – Buy Bitcoin Using a Trader:

  • Find a Bitcoin Trader as Mycelium, BitBargain, and LocalBitcoins.
  • Choose a Trader with a respectable reputation score.
  • Send a message to Trader and ask further details about how to pay. For pay through cash agree the meeting place and time.
  • When the seller gets the payments, the seller issues the Bitcoin amount to Bitcoin Wallet address you provided.

 

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Japan removed Tax on Bitcoin, Rise Expected in Trading:

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The tax reforming bill of Japan has officially removed consumption tax on the sale of Bitcoin.  Bitcoin trading events expected to increase in JAPAN after the activation of the bill. In a report entitled “Inbound Tax Alert, 2017 Tax Reform Proposals”.

Deloitte earlier has revealed that digital currencies, as well as Bitcoin, set to release from the eight percent consumption tax in Japan.

Deloitte’s report says:

The supply of digital currency will release from Japanese Consumption Tax (“JCT”). At this time, digital currencies like Bitcoin don’t fall under the category of released sales, and as result, the sale of digital currencies in Japan have judged as taxable for JCT purposes. Resulting the performance of the amended Fund Payment Law in May 2016, that a defined “digital currency” as a means of payment, the sale of digital currency as well-defined under the new Fund Payment Law will release from JCT.

Bitcoin Market of Japan:

On 27th of March, the National diet of Japanese officially accepted the tax reform proposal 2017 shared by Deloitte. It passes the Bitcoin consumption tax along with other bills recorded on the proposed reforms. The bill, that came into activation on 1st July. It expected to considerably increase Bitcoin and other digital currencies trading events within the Japanese digital exchange market.

On 1st April, the government of Japan officially approved Bitcoin as a legal currency and payment method. Since that day, the government of Japan has been focusing on establishing and creating a more effective ecosystem for Bitcoin traders, users, and Businesses.

The Bitcoin exchange market of Japan is already well equipped and well-regulated. It has an efficient Anti-Money Laundering (AML) and Knows Your Customer(KYC). AML systems are especially strict in Japan.

The increase in Bitcoin Price:

Although, it may be fully coincidental, meanwhile the start of Bitcoin tax elimination bill in Japan on 1st July, the price of Bitcoin increased from about $2450 to $2570. It is not a complete assessment to the Bitcoin’s upward momentum to the market of Japan. It accounts only for 16.2 of the Global Bitcoin exchange market.

However, a good sign for trading Bitcoin in Japan could have established a constructive example across Asia. It controls utmost 65% of the global Bitcoin exchange market share and it also affected Bitcoin price.

Soon, hundreds of thousands of cafes, restaurants, stores could start to accept Bitcoin as AirRegi. AirRegi is the largest point of sale machine operator in Japan and it is looking to enhance Bitcoin by the fall of 2017.

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Different ways to buy bitcoin

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Buying bitcoin is simple. As simple as signing up for a mobile app. The first step to buying bitcoin is signing up for a bitcoin wallet on sites like blochchain.info by filling up a form with essential details. once you have the wallet, there are different ways through which you can fill it up with bitcoins. Here we are going to fill you in on the 4 most common ways to buying bitcoin.

Buying Locally:

Follow these simple steps to buy bitcoin locally:

  • Find a seller in your area who sell bitcoin for cash
  • Select the desired amount of coins
  • Place the order and receive seller’s account number
  • Deposit your cash in seller’s account
  • Upload the receipt as a proof of trade
  • Receive bitcoins in your wallet

Buy Bitcoin Online:

The best way to buy bitcoin instantly is to buy bitcoin with credit card or debit card. SpectroCoin is one of the reliable coins that accept credit / debit card payments for bitcoins.

But there’s a catch. SpectroCoin only offers $50 worth of bitcoins to its new customers. However, as they grow into reliable customers, the limit is stretched out to $200 and then $500 by the following few days.

Buying With PayPal:

Although PayPal doesn’t facilitate the direct Bitcoin purchase, there is a way around for those looking to buy bitcoin with PayPal:

  • Visit Virvox
  • Deposit money with PayPal to your account
  • Buy SLL on the exchange
  • Buy bitcoins with your SLL
  • Withdraw your bitcoins

These are few of the quickest ways to buy bitcoins. Good luck with your purchase.

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Is Crypto Ad Ban Going To Be A Blessing In Disguise?

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According to the most hot and circulated ICO news 2018 is going to be a year of ban for crypto ads. Internet’s largest platforms have already started to ban all sorts of crypto advertisements.

Even the giants of internet like Facebook and Twitter announced crypto ad ban last January. Reddit took the same decision way back in 2016. Google is being expected to do the same in the near future. It is quite obvious that almost all those websites which are short sure for traffic generation purposes would follow the same protocol in case of crypto industry. No doubt all that scenario was full of hurdles for the crypto industry. Even in terms of cryptocurrency startup it was a big barrier extremely difficult to be crossed. But the crypto researchers and markets entrepreneurs are not looking at it in the same way. They do believe that all that way full of hurdles might prove to be a road of success in the near future. Let us see why they are so much optimistic about it.

crypto ads

How Can This Ban Turn Into a Blessing?

Well for the time being it might be a bad luck for the crypto advertisement but according to various web platforms that are directly related to the crypto industry are quiet optimistic about it. For instance, a website which for the time being does not want to disclose its name due to several reasons, has exclaimed that it will offer its complete platform for the advertisement purposes of crypto. In other words it will lend a hand to make it possible for the crypto startups reach potential investment opportunities. Same idea has been presented by some other giants of the Silicon Valley. No doubt this act will turn that ban into a total blessing, however many things and options must be considered and availed respectively, before the proper implementation of that marketing strategy.

Main Reason Behind the Ban

According to a statement issued by social media giant Facebook the reason for such a drastic ban on crypto related advertisement was only because of the scams associated with the initial coin offerings that come under the definition of misleading or deceptive promotional practices. Especially those tokens which are offered at low prices on these advertisement platforms have proved to be the main target of scammers. Even the Securities and Exchange Commission has declared these tokens unlawful which according to it are securities and must be listed with the agency.

 

On the other hand, entrepreneurs and crypto analysts are agreed upon the fact that by banning such advertisements, Google, Twitter and even Facebook are going to lose a great earning opportunity.

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