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After South Korea banned ICOs (Initial Coin Offerings), things seem to have slowed down; however, the ban hasn’t totally halted the flow of new digital coins on local exchanges. Despite the South Korea ICO ban, startups in the country haven’t closed their doors on the fundraising process and are settling their ICOs overseas and then, listing their digital coins on the exchanges of South Korea. The expansion arises on the heels of a report which suggests that the country, South Korea, is reconsidering its stance on ICOs.

blockchain start ups

Crackdown on Crypto-Markets

In September 2017, South Korea unleashed its crackdown on the cryptocurrency markets and banned ICO listings in the country. This move by South Korea threw a wrench into trading volumes of cryptocurrencies, where the price of Bitcoin is considered to trade at a heavy premium against other markets. Also, a rumour was circulating last month that the investors in South Korea might be scooping up Bitstamp (Luxembourg-based bitcoin exchange), in a contract which has the worth of almost $400 million; however, these reports haven’t been confirmed yet.

With all the other news related to the virtual currency exchanges, it’s been observed from several sources that Bitstamp, as it is one of the oldest exchanges, is in the final stage of being vended to the investors of South Korea for $400 million; however, buyers and the exchange, both are not commenting on it.

 

ICON (ICX)

For now, the surge has started to turn for ICO issuers, as it’s proven through ICON (ICX), which is a new coin developed by DAYLI Financial Group (Seoul-based fintech), though it is issued in Switzerland. The ICON Foundation is listed in Switzerland and works out of Korea. The top two cryptocurrency exchanges of South Korea are; Bithumb and Upbit. Both of these exchanges support ICON for trading. While South Korea followed China and banned ICOs, the issuing firms have discovered a way to avoid the regulations. ICON has been proved as a lucrative investment up to now, as it started trading at $0.11 and rocketed to $2.64 immediately.

 

Park Nok-sun, the NH Investment and Securities cryptocurrency analyst told Reuters that the listing on the trading platforms of South Korea is substantial, since it’s the first-platform-coin of the country that has advanced on code which can support other applications as well. ICON isn’t the only digital currency of South Korea that have evaded the ban. This trend has matured, as almost 12 companies have launched ICOs abroad; however, they’ve also listed their coins on the exchanges of South Korean, including Hyundai subsidiary Hyundai BS&C.

According to Reuters, regulators of South Korea want the blockchain startups of the country to be “transparent” about the international deals but at the same time, it doesn’t intend to be a hurdle in their way. Meanwhile, it would be inexpensive and much easier for South Korea to let the local startups launch their token sales locally again.

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Buy Bitcoin Online- How To Make a Perfect Purchase

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Buy Bitcoin Online

If you have learned about basics of the bitcoin, the next is to buy bitcoin. But the question is how? How can I buy the bitcoin?

I am here to tell you about how you can buy the bitcoins. You can buy bitcoin from exchanges or directly from people via marketplaces. whereas, we will discuss online buying of bitcoin. So, let’s start.

Buy bitcoin with a credit card

Here, we will have the example of 247 exchange. To buy online bitcoin, you have to focus on the procedure. Whereas, exchange policies may vary from site to site. So, let’s start with the first step.

  1. This is a common thing that when you are going to sell or buy something. You need some verifications. Same with buying bitcoin. First, you have to create an order by filling a form name buy cryptocurrency. You need to pay attention to all the section of the form. And, try to avoid to enter the bogus material. Otherwise, your order will be canceled by the site automatically. After completion of the form, you will become a registered user automatically by clicking “make the order”.

Buy Bitcoin Online

  1. After clicking “make the order”, you have to pass some verification test. This test will not use up a lot of your time. Whereas, a test will be held by AML-program depending on your verification and amount ordered. Here, you need to confirm your identity, address, and phone number. In extraordinary cases, you have to submit additional documents. Accordingly, you need to submit your address, your card if issuing bank don’t have a 3D technology. After few minutes of your identification, you will be able to enjoy our services.

 

Buy Bitcoin Online

  1. After getting the approval from a site, you will receive an e-mail. Log into your personal account, check the details of on order page. While you check your order details, verify each detail. Because you enter the wrong account number you’ll lose your money.

 

Buy Bitcoin Online

In addition, if you are not satisfied your amount in order and want to change it. You have to put another order with your desired amount. And just leave a message on your order page. Another thing is, you have to pay from your own credit card.

 

Buy Bitcoin Online

  1. The last and final step is, read the rules and policies of the site and click the “I agree”.

Within few minutes, an amount will be deducted from your account and you will receive your desired bitcoin.

Buy Bitcoin Online

Buy Bitcoin Online

 

Buying large amounts of bitcoin

To buy the large amount of bitcoin you have to follow these simple steps.

  1. Find a bitcoin exchange, a majority use Spectro coin or Kraken.
  2. Make payments in U.S dollars or Euro to buy bitcoin. After register, yourself to the exchange.
  3. When you get bitcoin, transfer it to your wallet.
  4. Finally, get bitcoin debit card for easy spending.

That’s all. You buy your bitcoin easily.

What makes for the best bitcoin  

When you are finding the best bitcoin, you need to consider some factors. Which may vary from person to person. In addition, these factors directly create an impact on buying and selling of the bitcoin.  Some of the factors are given below;

Exchange rate

While comparing bitcoin exchange’s price with bitcoin price index you’ll get best exchange rate.

Payment method

You need an exchange who accept your bitcoin payment method. Whereas, different exchanges offer their services at different rates. For example, exchanges often charge a fee of 3-10%.

Speed

You want to buy bitcoin. Unfortunately, it is not a simple and easy challenge. And especially, when you are going to buy bitcoin in large amount. you need to research all the exchanges and figure out the verification level and delivery speed. Otherwise, you’ll get coin after a week, which you need right now.  

Amount

Coinbase can sell $1000 bitcoin on daily basis to its regular users. Whereas, for fully verified users can buy up to $50,000 daily. limits. Which is vary from exchange to exchange. In addition, each exchange offers FAQ to guide about the verification levels.

Privacy  

Buying bitcoin in replacement of the cash is the most convenient and safe way to buy bitcoin. Doesn’t matter this buying will be through the p2p exchange like local bitcoins or at bitcoin ATM. But exchanges also accept the credit or bank transfer.

Above all discussion is about how to buy Bitcoin online. So, be aware of scams, and buy bitcoin freely and safely.   

 Good luck!

 

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Why Bitcoin Rose More than $1000 in the Last Two Months

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Summary

Bitcoin has become the world’s most popular digital currency, which had driven its value to incredible new heights. Here we have outlined a few reasons as to what lead the cryptocurrency to these altitudes.

Despicable Performance:

2017 has turned out to be quite a year for Bitcoin. The network recently went through a fork situation and came back with a bang. Bitcoin discussions seem to have taken over every town now, with everyone from Economist to Forbes covering it on a daily basis. Can we just remember that the year isn’t even over yet and Bitcoin has already made so many major stories!

Generally, Bitcoin is gradually climbing up and there have been predictions for even higher marks in the future. Ever wonder how something that was initially linked to the darknet could possibly change the future of transactions and payment systems?

Bitcoin has been in the industry for around 10 years, and just like everything else it started from the bottom and gradually rose to popularity. Starting off with a gradual increase from 2012 all the way through 2016, following a much more dramatic gush that is still continuing right now. What seems to play a role all these years, is longevity.

An overview of bitcoin’s price trend was shown in a tweet made by a cryptocurrency researcher known as “Jack Sparrow”.

Bitcoin was created in 2009 and it took around 7 years for it to reach a $2000 mark. Although, that same increase from $2000 to $4000 took just a little over 3 months.

Related:

Bitcoin hitting $3260 two weeks after split

Bitcoin Sky-rockets above $4000 

Growing Confidence:

The reason behind these high notes is the bitcoin investment trusts of various major institutions. Firms like Goldman Sachs, Fidelity Investments, and J.P. Morgan are now doing business with digital currencies. Countries like Japan, China, and Australia have legalized the use of the cryptocurrencies in their economy as well and that has been known to drive the digital currency to great new heights.

Due to the support shown by large organizations, smaller businesses along with individual financial investors have gained confidence in the cryptocurrency.

Moreover, the growing popularity of bitcoin has led to several institutions in the financial, as well as educational sectors to utilize the blockchain network for their own benefits. This, in turn, has given the cryptocurrency a boost as well.

We are not sure yet if we’re floating towards a future that is completely digitalized but, we do know that Bitcoin has several hurdles to overcome before it can completely alter our community. Nonetheless, these digital currencies are definitely on the rise.

 

Story Credits: futurism.com

Image Credits: bitnovosti.com

 

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What Are Some Top-Notch Bitcoin Debit Cards?

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Some Top-Notch Bitcoin Debit Cards

Bitcoin debit card is a handy way to bridge the gap between the world of bitcoin and traditional financing. The users can buy bitcoin with debit card or load it with bitcoins; which they can later spend at places/stores that accept credit card.

A downside of bitcoin debit card is that the users can’t spend bitcoins directly. However, it does allow them to store balance in bitcoin.

For those asking what are some top-notch Bitcoin cards and how to make Bitcoin transactions through a debit card, this post is the perfect place to be at. Here we have discussed some top-notch debit cards that you can use to make bitcoin transactions. So, let’s get started with knowing how bitcoin debit cards work.

SpectroCoin Visa Debit Card:

A prepaid Bitcoin debit card. SpectroCoin can be used at any ATM across the world. The card is funded instantly so the users don’t have to worry about exchanging bitcoins in advance.

Some highlights of SpectorCoin are:

  • All the franchises that accept Visa/Master card as a form of payment also accept SpectroCoin. This includes physical shops, ATMs, PayPal, online sites, etc.
  • Available in both virtual and physical form. Virtual cards take only a few seconds to create and can be used to spend bitcoins anywhere around the globe. On the other hand, physical ones take up to 1-4 weeks. These cards can also be used to pay with bitcoins throughout the world.
  • SpectroCoin cards can be instantly loaded from SpectroCoin wallets.

Xapo Debit Card:

Xapo was one of the first debit cards introduced to the market. However, it has yet to make an appearance in the US markets and is currently available only in European countries.

The card takes up to 1-4 weeks to be delivered with the initial cost of $20 and an annual fee of $12.

Coinbase / Shift Card:

Shift is the first bitcoin debit card available to the residents of the US. Using shift card costs no money. However, the purchase price of Shift card is $10.

BitPay Visa Debit Card:

The only Bitcoin debit card that is available in all 50 US states. BitPay costs $9.95 to purchase and takes around 10 days to arrive.

BitPay can be used in person, online and ATMs that accept Visa card.

Cryptopay Debit Card:

The most established bitcoin debit card with 23000 cards already issued. The card is pretty simple to use and allows users to spend bitcoins anywhere around the globe.

The card can be purchased both online and offline and is issued in two forms – virtual and physical.

One of the paramount benefits of Cryptopay is that it doesn’t require the users to provide personal information – giving them complete anonymity to make transactions. Bitcoin users dig this!

Costs range between £15.00, €15.00, $15.00 and £2.50, €2.50, $2.50 depending on user’s location.

Conclusion:

These are some most reliable and widely used bitcoin debit cards to make bitcoin transaction(s). All the cards are pretty easy to purchase, cost extremely low and make bitcoin transactions easier than ever. You can also find more information on their official websites.

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Bitcoin Advantages – How Bitcoin Can Benefit New Users?

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Bitcoin Advantages

The majority of people is not familiar with the concept of Bitcoin. They think of it as an online scam tool that criminals use to steal money; which is not true. It is a peer to peer, a digital currency which is independent of any sort of third-party influence.

There are several advantages of using Bitcoin and those with the experience of Bitcoin transactions are fully aware of how to capitalize on this cryptocurrency. However, if you are new to the concept, you will need to go in depth and know how it can benefit you.

Benefits of Bitcoin:

Bitcoin Advantages for New Users – Easy to Open a Bitcoin Wallet Address:

Opening a Bitcoin Wallet Address, also known as “wallet”, is pretty straight forward. No credit check ID, citizenship papers, age requirements or passport are needed to open the account. Since there are no age restrictions, anyone can open a Bitcoin account, even if it means a 10-year old kid.

Want to learn more about Bitcoin wallet? Read our post on how to make a Bitcoin wallet.

No Need for Bank Approval to Launch Your Business Idea:

Starting new business is a difficult financial task as you will be required to have a bank loan or credit check. But with Bitcoin, launching a new business is not a problem anymore.

All you need is a QR code. Once you have it, post it on a social media platform and get support for your next business idea.

The idea may include offering services, a product or something valuable in exchange for Bitcoin.

Quick Access to The Rest of Digital Currencies/Altcoins:

Digital currency is a vast world and Bitcoin is just a small part of it. The other part is altcoins in which hundreds of millions are invested each year. To access the Altcoin market, you will need to have Bitcoin as it is to digital currency what US dollar is to traditional currency worldwide.

Before you move ahead, don’t forget to read what are some alternative currencies to Bitcoin.

Bitcoin IPOs:

Bitcoin IPOs are becoming a new financing option in the world of Bitcoin. The users can offer bonds, stock, and IPOs and buy/sell shares of their companies without the need of any established stock exchange.

The Cryptocurrency Has Numerous Advantages as Compared to Traditional Currency:

Bitcoin can do many things that dollar can’t. For example, it offers family wallets with pre-set spending limit which allows your kids to shop only at certain stores and at certain times. Moreover, it gives the owners the option to program digital currency for different parameters which are not possible in fiat currency.

Bitcoins Are Independent:

If you don’t like being watched or controlled by your government or third party, then trading in Bitcoin is the best option for you.

Bitcoin is more like a technology.  A technology with code and encryption keys. The technology is not controlled by any government or central bank. The only person who controls Bitcoin is the one who owns it.

Conclusion:

These are some advantages of Bitcoin for new users. The currency is relatively new and still, needs plenty of improvement. However, with the kind of structure it has and the rapidly growing usage, the currency is going to make a great impact on future markets.

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