Peer to peer
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
- Email address
- 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 a computerized currency which is produced through mining. Mining is a procedure that includes understanding and solving complex algorithms using a PC. Once that complicated algorithm is decoded, then a single block can deliver around 50 bitcoins.
The time it takes to decode a single block greatly relies on the services of the miner as well as the processing power of CPU. Since the procedure of mining is long and frantic, many people want to purchase Bitcoin on the web.
Trading Bitcoin is most likely the quickest and simplest approach to make money through Bitcoin. The estimated value of the currency varies so much on the daily basis that it has become a primary investment option for traders. The currency is super exciting due to the fact that nobody knows how high or low Bitcoin can go.
Safe Approaches to Trade Bitcoin:
Here we are going to demonstrate the safest approaches to trade bitcoins. Read carefully best Bitcoin trading platform.
There are many ways to make money through Bitcoin trading. Much the same as stock markets, Bitcoin trading includes purchasing coins at low cost and selling them when the cost has gone up. To begin trading, you have to set up an online account with a consistent trading site and then store your assets into that account. When your account has been effectively verified, you will then need to closely observe the trading market for a chance to make a profit through purchasing and selling bitcoins.
Depending on the amount, the Bitcoin exchanges will charge you a specific rate for each transaction. You will also have the option to convert your local money into Bitcoin and vice versa. In any case, you should remember that Bitcoin is highly unstable. If you are not well-informed with the price trends, you may end up losing a considerable amount of cash.
A usual Bitcoin trading procedure includes four easy steps. The steps are:
- Making an exchange account and filling it up with currency. The currency will be later used to make your first Bitcoin purchase.
- Creating multiple accounts with the different exchange as it will help you eliminate the risk of theft in the event your primary account crashes.
- Choosing an exchanging methodology: There are a few different methods to exchange bitcoins such as informal investment, swipe trading or becoming an investor that sits tight and hold on until the market stabilizes. Make sure you go with the option that suits you best.
- Once you have done it all, wait until the market offers the right opportunity to make money.
These are some ways that can help you keep your bitcoins from theft and make secure trades. Good luck with your venture.
Tags: Bitcoin trading sites
Bitcoin rate has been frequently consolidating due to the absence of main market catalysts so far.
Bitcoin Price Main Highlights:
- Bitcoin price has cut lower highs and higher lows, generating a symmetrical three-way relationship on its 1-hour chart.
- Price just rebounded off support and is due for a test or trial of resistance around $2600.
- Technical measures are demonstrating that the resistance is more to be expected to hold rather than breakdown.
Technical Indicators Signals:
The 100 SMA is under the longer-term 200SMA so the route of minimum resistance is to the downside. The 200 SMA is adjacent to the three-way relation (triangle) resistance, providing it strength as a ceiling. If it holds, alternative step to support at the $2500 area possibly will take place.
Bitcoin value has been getting a benefit of dollar weakness just as financial data has been approaching in below expectation. Some degree of profit-taking is initial to kick in top up to the weekend, end of month, and quarter.
The digital-currency is also shrugging off damaging updates from the past in the month when stockholder Mark Cuban warned that bitcoin might be in a bubble and a Goldman Sachs expert also gave a bearish analysis. It should also be distinguished that some of Bitcoin exchanges experienced outages because of trading activity and high levels of traffic.
The mentality of people also tends to affect most of Bitcoin and digital currency arrangements as a huge amount of it is based on demand and speculation. It can involve another durable positive catalyst to produce constant rallies again. By this way, there is still a potential downside for Bitcoin value, specifically since risk-craving has been recurring to the financial markets. Commodities and stocks appear key for a bounce when uncertainties decrease. But, of course, there is also a possibility that geopolitical hazards might shore up another asset as Bitcoin once again in the end half of the year.
Image and Story Credit: www.newsbtc.com
The Blockchain is a public ledger which is used to keep the record of Bitcoin transactions or the transactions made in some other cryptocurrency.
There are three essential technologies used in Blockchain and none of them are new. Instead, it is their arrangement and application methods that are new.
These technologies include:
- Cryptographic keys
- Distributed Network
- Record-keeping and network security.
In this article, we have tried to make clear as to how these technologies cooperate to secure the digital relationships.
Technologies Used in Blockchain – Cryptographic Keys:
Suppose, two individuals need to make an online transaction of bitcoin, each of them holds a public and a private key. Both the keys are in an encrypted form.
The principle motivation behind having a public and private key is to create a digital identity reference. The Identity of a client depends on the blend of two keys.
The blend of these keys is additionally called “digital signature”, which, consequently, gives a strong control of possession.
However, having strong control of possession is not enough to secure digital relationships. While authentication is solved, it must be consolidated with a means of approving transactions and authorization.
In Blockchains, this starts with a distributed network.
The concept of distributed networks can easily be understood with the “falling tree in the forest” example.
If a tree falls in a forest and we have cameras to record the event, we can positively say that the tree fell since we have the visual confirmation. Same can be said in regards to distributed networks.
A substantial piece of bitcoin Blockchain is a huge system of validators – similar to the cameras in above example – where they reach an agreement that they all witnessed the similar event in the meantime. But instead of cameras, they utilize mathematical verification.
To put it plainly, the size of a distributed network is critical for the security of the system.
Distributed networks are one of the primary elements of “Bitcoin Blockchain“. At the time of writing, the system is secured by 3,500,000 TH/s, more than the top 10,000 banks on the planet combined.
The System of Record Keeping and Security:
Lastly, cryptographic keys are consolidated with the system to create a super useful form of digital interactions. The procedure starts with taking sender’s private key, then making a declaration that he is about to make a Bitcoin transaction — and finally appending his private key to the recipient’s public key.
With regards to the earlier example of falling tree, a realist may come up with the question, why there were dozens of PCs with cameras, holding up to record whether or not a tree falls.
Now, translating the same question in blockchain terminology, how do you attract the computing power for the maximum network security.
With blockchains, clients are offered special rewards in return for giving their PC’s processing power to secure the system. Which, ultimately, pulls in an extensive number of clients offering their machines’ computing power. The more the power, the more secure the system.