PayPal is one of the most well-known services of online transactions. It makes online, fiat transactions fast and easy while on the other hand, Bitcoin is both a currency and a payment system that operates independently. Due to the speed, security, and convenience of Bitcoin, the demand for the digital currency has increased dramatically.
Although, one question that strikes everyone is whether you can buy Bitcoin with PayPal? Well, yes and here’s how.
VirWox! Buy Bitcoin Through VirWox!
People claim that buying Bitcoins with PayPal is difficult, mostly because bitcoin traders expect this system to be dangerous and risky, with a high chance of having their money stolen, and may refrain from purchasing Bitcoins through PayPal.
There are two methods that allow one to buy Bitcoins with PayPal: VirWox or credit cards.
Step 1: Go to the website of VirWox and register for an account.
VirWox is an exchange of virtual currency, you can buy Bitcoins, Lindens and much more.
Step 2: Click on the deposit button on the sidebar
Step 3: Choose how you want to deposit your funds.
You can use PayPal or credit cards using Skrill payment. Note that you can only deposit limited amounts of money every 24 hours. Your 24 hours limit will be increased as you complete successful transactions.
Step 4: Convert your USD to SLL. Click on “place an order”
Step 5: Decide how many USD you want to convert to SLL and click “Next”.
Step 6: Confirm your order and convert your SLL to Bitcoins.
Just click on the “BTC/SLL” button on the sidebar.
Step 7: Enter the number of bitcoins you want to buy using SLL.
Step 8: You will now be able to withdraw your bitcoins and send them to your wallet. Click the “Withdraw” button.
Step 9: Enter the number of bitcoins you wish to withdraw, then enter your Bitcoin address wallet and click the “Request Withdraw” button.
Note: On your first transaction, there may be a 48-hour delay until your bitcoins are sent to your wallet. Although, after your first, the rest will be instant and can be traced in the blockchain.
Bitcoin is the fastest growing cryptocurrency in the United States and many people seem to be financially attracted towards this currency due to the high returns it offers. However, the majority of the people still don’t have an idea of how to get Bitcoin in united states. Here we are going to tell about the most reliable exchanges that offer Bitcoin.
CoinMama is a bitcoin exchange that empowers buying bitcoins with credit or debit cards. Expenses are around 10% with a limit of about $5,000 every day and $20,000 every month. After verification, bitcoins are transferred to your wallet within a couple of minutes. CoinMama is accessible just in a few US states.
IndaCoin is a Bitcoin exchange empowering the snappiest bitcoin buys in more than 200 countries with a credit/debit card and without registration.
If you are using the card for the first time, you will get a call from IndaCoin with a 4-digit code, which must be entered on your request page. From that point onward, you should enter a 3-digit code, which can be found on your online card statement.
LocalBitcoins is an escrow service which facilitates buying and selling of bitcoins between two persons face to face. The deals through LocalBitcoins must be done at public spots or the places that are safe – security wise – to avoid any unpleasant event.
So, these three are the best exchanges for those asking how to get bitcoins in united states. Choose the one that you are most convenient with.
Each system of payments or transaction needs security. As, we have so many issues like accounts hacking, snatching, robberies etc. Unfortunately, no one has the ability to control it. Everyone needs the transparent and proper way of transactions. And, security expert’s recent study shows that voting machines are also vulnerable to hacking.
Consequently, don’t worry about the weaknesses. A company trying to replace recent proprietary machines with new secure and open-source voting machine. Whereas, the technology behind the voting machine will be blockchain.
The blockchain is a distributed ledger. Instead of the company have the central database, everyone has a charge to set up a new code on the network and have the copy of it. For example. a bank with the database of withdrawals and deposits. And, as a customer, you have to believe that bank has tracked your cash correctly. In addition, now imagine that a number of customers do the same job with your funds to maintain honesty of ledger. This is what bitcoin currency works with complete security of funds.
Now, this technology has the ability to maintain a voting system. Advocate-tested blockchain based election by Liberal Alliance in Denmark and in European pirate party. Now, blockchain technology is going to introduce a secure and an actual voting machine. Who keep the record of the votes by using blockchain technology.
How it works
Now, the question is how this technology will do. Voters will register themselves as they do before. On the day of elections, people have to come and fill out a ballot with three QR codes at its bottom. Codes are;
a unique cryptographic number which is basically a blockchain address.
last one for the election ID
The ‘vote unit’ will be sent to the candidates on the scanning of the votes. candidates will receive a unique address, is also called a wallet. which is how the machine knowing where to send votes.
Where you can see the candidate’s address. Accordingly, you can have the complete check that how many votes each candidate has, using the blockchain explorer that pull up the information about each ledger.
A team of blockchain technologies shows a machine look like fax machine connected to screen. While the machine disconnects from the internet to keep nasty factors from operating the votes before it connects to the internet they coming in and burn the ballots to the DVD.
Here, the point arises is, how to configure the blockchain. There are more possibilities to use the same blockchain bitcoin. Whereas, blockchain technologies crop. Introduce new VoteUnit, who works in the same way. In addition, with one change that is no transaction fees for each transfer.
Security o the machines
Senior computer scientist Jeremy Epstein explains,” Blockchainoter will never be able to know”. Young admitted it but his team uses several safeguards.
In addition, young says, “The open source code combined with the paper, DVD, and blockchain audit trails may not completely eliminate fraud in the voting process, but it will be a step in the right direction. Especially compared to the 10-15-year-old, buggy electronic voting machines we use today”.
Steve Borelli software developer pointed that current voting machines manufacture by banking and security company Diebold has a large number of issues. Without any external inspection. Borelli explains Anyone who knows Python can look at every nook and cranny of the code.”
The broken parts of the machine can easily replace because parts are easily available. Whereas, when machines have been discontinued some parts are difficult to replace. Developers add the term Paper trail to the machines. Hacking may go hidden if there will not be the paper trail for voters. In addition, because of paper trail voters can be up to date with elections process and its difficulties. If DVD’s data and blockchains will not match then the paper ballots can be used for verification.
Borelli explains, “if you enter a vote into an electronic touch screen first, and then it spits out a result, then it’s vulnerable to manipulation before it reaches the physical paper form.’’
Blockchain technologies crop. believes that this machine would provide secure and transparent way of voting. Borelli says we are going to embarrass Diebold.
The rise of Bitcoin continues as It rose to an all-time high on Monday. The current value of bitcoin is around $8,000. It comes after CME’s declaration that it will soon launch Bitcoin trading, and Square uncovering it will pilot Bitcoin deals by means of its Square Cash application. It’s for these reasons that one research firm trusts that Bitcoin’s prosperity has just barely begun.
Ronnie Moas, the author of Standpoint Research, wrote in an answer to customers: ‘There have been numerous positive improvements amid the last five months and a couple of obstacles that were in Bitcoin’s direction have been thumbed down.
An argument can be made that the uplifting news is still not completely reflected in the current value.’ They trust the cost for Bitcoin is set to surge to $14,000. Bitcoin was launched in 2009 by a puzzling software engineer referred to as Satoshi Nakamoto, which is believed to be a pseudonym, who has never given an interview. Bitcoin caught the mainstream financial attention after its value expanded by up to 1,000 percent since the beginning of this year.
At the start of the year, Bitcoin was just trading around $800 per BTC, but the current value of bitcoin has gone past $8000, which is clearly the indication that there’s no stopping this currency.
Ethereum is one of the leading cryptocurrencies in the digital world. In fact, it’s the second most popular cryptocurrency after Bitcoin. The technology used to develop Ethereum algorithms is same as Bitcoin, and this is the main reason why these two function in a pretty much similar way.
Now, the question that comes to the mind is: if both Bitcoin and Ethereum are similar in nature, what makes the purchase of Ethereum more sensible over the purchase of Bitcoin and other cryptocurrencies?
In this article, we have discussed 1o reasons why buying Ethereum over makes more sense. Let’s give them a read!
Reasons to Invest/Purchase Ethereum Over Bitcoin In 2017:
The Bitcoin network has recently gained the reputation of being slow. According to the news coming out of Bitcoin community, this is due to the increased volume of transactions on the network. The slow confirmation time has left the Bitcoiners extremely annoyed and agitated. On the other hand, Ethereum offers transactions that are much faster. For an insight, the average Ethereum transaction time is 12 seconds in comparison to 10 minutes of a Bitcoin transaction.
‘Smart Contracts’ is a unique feature of buy Ethereum. It is basically an exchange mechanism which holds the precise records and assists two untrusted parties to make a direct exchange. These Smart Contracts reside in Blockchain and are autonomous to third party influence.
Ethereum Is Open Source:
Ethereum algorithms are open source, which means any programmer/developer can access the code without having to go through permissions regarding the improvement of the code. The biggest advantage of Ethereum’s being an open source is that it allows the collaboration of projects between different sectors of industry that are based on Ethereum. As a result, the projects become seamless and more Integrative with each other.
No Third Party Involvement:
Using Ethereum allows you to avoid dealing with third parties such as banks, lawyers, etc. The transactions do not depend on any intermediaries. The only thing they are dependent on is the Ethereum network.
Compared to Traditional Banking, The Security Is Much Higher:
Our traditional banking system creates transactions on a monthly basis. The code of these transactions is stored in a bank’s computer and there are validations and approvals by the central authority. On the other hand, the code for Ethereum transactions is stored on participating computers. These computers forward this code to the network’s nodes – making the transaction environment secure.
Ethereum Virtual Machine:
If you remember, we discussed ‘Smart Contracts’ in the earlier part of the article. The Smart Contracts needs a specialized environment to function: Ethereum Virtual Machine is that environment! The EVM gives all the projects running on Ethereum network a common base and provides them with a standard set of instructions. Some of the major programming implementations of EVM are Ruby, Java, C++, Python, and Haskell.
No Transaction Fees!
Due to the availability of EVM for Ether transactions, all the account objects reside in a common execution environment. The communication between these accounts takes place via transactions. The code gathered from these accounts helps confirm/ignore a transaction. If the code is correct, the transaction will be confirmed. Else, it will be ignored. Since all of this is the responsibility of network, no transaction fees are needed.
Ethereum Is Highly Stable:
One of the biggest advantages of Ethereum is that it is highly stable, has organic growth, and does not have massive spikes in price fluctuations. Besides, Ether provides the common folk with a low-cost alternative to other cryptos. Moreover, despite having encountered a number of cyber-attacks, the Ethereum blockchain still remains in huge demand to the customers. All thanks to the high stability!
The Transactions Are Immune to Frauds:
Ethereum transactions are fraud less. The decentralized nature of Ethereum allows no tempering or data loss while using the network. Moreover, the network does not allow anyone – even a programmer or data miner – to destroy the record of a transaction that has already happened.
Transactions are Permissionless:
Ethereum transactions are permissionless as there is no central node in the network. Everyone can make a transaction on the network. All they have to do is install the software and they are good to go.
These are the top 10 advantages of Ethereum. In conclusion, the currency offers some unique advantages and, is perfectly safe to use, or to make an investment. If you are looking to start a crypto venture, Ethereum is the best option to take off. Good luck!
Tags: why buy ethereum, bitcoin vs other cryptocurrencies
We have all been hearing about the coin-split for a while now, so there are possible chances that it could happen any moment. While most miners are choosing to side with Bitcoin Unlimited and mine blocks larger than 1MB, some are sticking with the current Bitcoin asset aka, Bitcoin Tokens. This could lead to the network being split into two, aka “hard fork”.
Before the Split
First of all, be aware that this is a high-risk zone. Do not be holding onto more value in bitcoins than you are willing to lose. If you are planning on holding onto your bitcoins, then keep your private keys secure and under your control. Try investing in a hardware wallet, like TREZOR, Ledger Nano S etc. These will keep your private keys secure and provide you a backup PIN in case you ever tend to lose them.
BE SURE TO MAKE A BACKUP OF YOUR PIN.
You must not skip this step while installing any wallet.
We are not sure of when the fork would take place, but indications are that it could take place at any time and things could get messy from a scale of a few hours to maybe even days.
As such, our advice is that you don’t make any bitcoin transactions during that time period, at least not until we’re sure of what the post-fork situation looks like.
During the Split
There is no set date given as to when the “split” could take place, which means that a fork could happen at any time. However, if BU does fork, things would get complicated for a while. For eg, post-fork, transactions will look the same on either side. If a transaction is picked up by one end, there are chances that it’d be picked up on the opposite as well and may be valid for both chains. This is called a “replay attack” and unfortunately, BU does not include “replay protection.” Ultimately, spending coins on one end could lead to the same amount being spent on the other.
What you should do is, avoid sending any transactions until the post-fork situation is clear to everyone and you are sure that Bitcoin Unlimited is a winner.
After the Split
In the future, if both coins survive and you still have control of your private keys, you will have coins on both sides of the fork. But, it will be tricky to spend coins on one chain without unintentionally spending the same amount on the other end.
A solution for this would be to mine new bitcoin value after the split. If the coins are not present on either end, then no one can spend them.
Some exchanges might even set up coin-splitting services that will credit your account with BTC and BTU. Perhaps you might have to upgrade your wallet.
Also, if neither of these survives, your private keys will probably become worthless.
No one clearly knows what the post-fork scenario would appear to be, so as of now, we simply wait and see.