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Showing 20 of 89 results by tiedcoin
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Board Trading Discussion
speedy blockchain?
by
tiedcoin
on 25/10/2020, 15:45:30 UTC
Despite the fact that crypto transfers work almost instantly, all the blockchains have different time to generate blocks and push the transactions in. Besides the specifications of a taken network, transaction speed can be influenced by:

The network being “busy” at the moment
Large transfer volume
Increased fees
Problems with nodes

https://swapzone.io/learn/how-to-exchange-crypto-fast/
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Topic
Board Trading Discussion
Re: exchange currency fast
by
tiedcoin
on 25/10/2020, 15:44:24 UTC
There are several factors influencing the pace:

The type of exchange and order processing times
The choice of cryptocurrency trading pair and the specs of the networks themselves
The settings an individual chooses to send cryptocurrency
Post
Topic
Board Altcoin Discussion
Re: mining crypto
by
tiedcoin
on 25/10/2020, 15:37:54 UTC
A miner will have to use a computer to review enough transactions to produce tokens. A miner has to complete enough verified transactions before that person can mine the coins from the currency. The number of transactions that one must review will vary by setup.
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Topic
Board Trading Discussion
Re: What are the extra transaction transaction fields: Extra ID, Payment ID and Memo
by
tiedcoin
on 24/10/2020, 14:24:45 UTC
absolutely

Most instant exchange services do not have the max exchange limit for the swaps. However, the minimal limit is always there – it can vary from $10 to $50. Good news – there are some services that managed to lower the limit to ~$2.
Post
Topic
Board Altcoin Discussion
Topic OP
Which instant crypto exchange is the safest?
by
tiedcoin
on 23/10/2020, 04:36:17 UTC

A serious question pops up for those of us who have already become cryptocurrency adopters – how to exchange one coin to another rapidly, conveniently, and, most importantly, securely? Cryptocurrency exchange safety is something that gets questioned quite often. When it comes to large custodial platforms, hacks occur, the funds can be managed without the owner’s permission, the service can, after all, just close down and take the user’s funds down with it.

https://swapzone.io/learn/safest-crypto-exchange/
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Topic
Board Altcoin Discussion
Re: When did cryptocurrency first appear in India?
by
tiedcoin
on 23/10/2020, 04:19:32 UTC
Many bitcoin exchanges require you to go through KYC or Know Your Customer practices. The effort entails confirming your identity and providing information to the site about what you are doing. The work allows for some transparency and a sense of security all around. The practice offers a suitable approach to work that fits your needs.
Post
Topic
Board Altcoin Discussion
Topic OP
When did cryptocurrency first appear in India?
by
tiedcoin
on 23/10/2020, 04:18:27 UTC

Cryptocurrency has been available in India in many forms since it was first introduced in 2009. That was the year bitcoin was introduced in the new crypto market. Currency trading has been available throughout India since then, with an exception being from 2018 to 2020 when the Reserve Bank of India banned banks from handling such currencies.

https://swapzone.io/learn/exchange-crypto-india/
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Topic
Board Altcoin Discussion
Topic OP
What is the fastest blockchain?
by
tiedcoin
on 23/10/2020, 03:58:45 UTC
Despite the fact that crypto transfers work almost instantly, all the blockchains have different time to generate blocks and push the transactions in. Besides the specifications of a taken network, transaction speed can be influenced by:

The network being “busy” at the moment
Large transfer volume
Increased fees
Problems with nodes

https://swapzone.io/learn/how-to-exchange-crypto-fast/
Post
Topic
Board Trading Discussion
Topic OP
What is KYC for crypto exchanges?
by
tiedcoin
on 21/10/2020, 06:47:32 UTC
There comes a time in one's life when a decent amount of cryptocurrency gets accumulated. However, what if there’s a need to swap it? Is processing larger crypto transactions more complicated? How does the process go? What service should one use? In this article, we will try to answer all the topical questions and help in making a choice of an exchange to go with.

Exchanging cryptocurrency without limit
Cryptocurrency exchanges often impose minimum and maximum swap limits for their orders. The minimum exchange limit is there to ensure the coverage of required network fees and punching the crypto transaction through. Since transaction fees may vary, the minimum exchange limit can differ, too. The maximum limit, on the other hand, is there to prevent the possibility of money laundering and other illegal activities. Minimum amounts are here to stay – cryptocurrency users cannot do much to the fact that the network fees need to be paid. Some of the instant crypto exchange services manage to lower the minimum to as little as ~2 USD, which is a great feature to promote crypto adoption and ease of swapping in between the coins. You can check some of the offers available for currency of your choice on Swapzone.

Exchanging large amounts of Bitcoin or other crypto often comes connected with the notion of KYC. KYC, or Know Your Customer procedure, is a standard protocol conducted by trading platforms and exchanges. Usually, the services require IDs, pictures or Proofs of Funds to proceed with the exchange. As larger crypto amounts can potentially be acquired in an unlawful way, the service providers have their own limits of when exactly the checks need to be performed and what personal information there is a need to ask.

Swapzone has the notification on KYC frequency for the platforms we work with along with the tips of passing KYC/AML without hassle. Besides, you can always contact the provider’s customer support for more details on passing the check.

https://swapzone.io/learn/how-to-exchange-large-amounts/
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Topic
Board Bitcoin Discussion
Re: The Uncomfortable Truth
by
tiedcoin
on 25/08/2019, 03:20:20 UTC
An investment in crypto and especially Bitcoin is treated as an investment and store of value more than being used in daily transactions.
It is true that Bitcoin and crypto currencies have not caught as much wind with the global audience but that does not make it a weak asset. The adoption rate for crypto currencies has not reached its peak yet so the government hired new agencies make impractical claims in order to serve the governments purpose.
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Topic
Board Bitcoin Discussion
Re: Why are big leaders now opposing cryptocurrencies suddenly?
by
tiedcoin
on 25/08/2019, 03:19:42 UTC
Leaders like Trump think they can control the flow and volatility of Crypto currencies just be sending out one tweet. In a way they are scared about how this new form of digital money is giving power back into the hands of the general public.
The mere existence of crypto currencies is a threat to governments and banks because they have a feeling they will lose control over the population and how and where they spend their money. Banks regulate our funds according to their needs and with the emergence of crypto currencies, controlling the spending power of the public has become an issue for banks.
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Topic
Board Bitcoin Discussion
Re: The difference between Bitcoin and Facebook's Libra
by
tiedcoin
on 25/08/2019, 02:17:26 UTC
There are major differences between Bitcoin and Facebook’s introduction Libra. Bitcoin is a highly volatile asset and fluctuations in its price are frequent. Libra on the other hand, is more of a stablecoin that is backed by actual currencies (USD, EUR) and commodities (Gold, silver).
Libra aims at becoming a more main-stream crypto currency and decreasing the factor of risk from crypto trading. It seems that in the future, Bitcoin will become a more investment asset like real-estate or gold.
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Topic
Board Bitcoin Discussion
Re: Is this how we regulate Bitcoin?
by
tiedcoin
on 25/08/2019, 02:09:54 UTC
Bitcoin cannot be controlled or regulated by any force as of now and that is why banks and many governments don’t want to legalise the Crypto currency.
Although, for Bitcoin to grow and become mainstream, it will require some kind of regulation. That being said, it seems highly unlikely for that to happen in the near future.
Post
Topic
Board Bitcoin Discussion
Re: Why hasn't any altcoin replaced bitcoin?
by
tiedcoin
on 25/08/2019, 02:02:54 UTC
Bitcoin was the first of its kind to come into the mainframe of cryptocurrencies. Altcoins were created and introduced to the world later.
Bitcoin holds almost 70% of the market cap, leaving only a small margin for Altcoins and other Cryptocurrencies. The various kinds of Altcoins circulating in the market are creating unwanted competition for themselves.
New Altcoins are introduced very frequently in the market, and many even die a natural death. Whereas, Bitcoin has stood the test of time.
The ROI that Bitcoin has offered over the years to investors is much higher than any Altcoin has ever yielded. These are the many reasons why Altcoins have not surpassed Bitcoin yet.
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Topic
Board Bitcoin Discussion
Re: Are banks scared of crypto
by
tiedcoin
on 25/08/2019, 02:01:42 UTC
Looking at the present situations of things, it is a possibility for CryptoCurrencies to surpass other financial institutions, but it does not seem to happen anytime soon.
Banks have their roots dug up deep into our social system, and Cryptos still have to catch the wind with the people in order to become the mainstream.
Also, many financial institutions are now adopting the blockchain technology in the financial sector. So it is hard to say if they are scared of Cryptos, but we can surely say that banks are preparing for the imminent threat that CryptoCurrency is.
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Topic
Board Bitcoin Discussion
Re: Why is Bitcoin market dominance rising fast?
by
tiedcoin
on 21/08/2019, 06:19:25 UTC
Bitcoin has grown more than 990% since January 2019. The crypto is following a bullish market and is anticipated to hit $20,000 by the end of 2019 or the beginning of 2020.
It is only natural for some Altcoins to die off because of the number of them that are present on the market right now. Bitcoin has always dominated the market flow, and it currently holds almost 70% of the market cap.
Being the biggest blockchain and the biggest mover of money in the crypto world, Bitcoin seems to maintain its position for the future to come.
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Topic
Board Bitcoin Discussion
Re: Croatian post office now offer crypto exchange
by
tiedcoin
on 21/08/2019, 06:08:38 UTC
This is a huge step towards the adoption and use of Cryptocurrencies. Although this might sound new, the Austria post started service last year by offering fiat money in exchange for Cryptocurrencies.
Croatia has been known to accept cryptocurrencies since May of 2019. Although this step taken by Croatia might sound unique to some, the country has been quite open and adopting with cryptocurrencies.
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Topic
Board Speculation
Re: Is Now the Perfect Time to Buy Bitcoin?
by
tiedcoin
on 21/08/2019, 06:06:08 UTC
Seeing the current trend of Bitcoin now seems to be the right time to invest in Bitcoin. Bitcoin is currently on the verge of obtaining 70% of the market cap and is following the trend of 2017.
Experts are surmising that Bitcoin will go out to $20,000 by the end of 2019 or by the beginning of 2020. Regardless, it is always the right time to invest in Bitcoin because of the huge ROI it delivers.
Entering and exiting the market at the right time is the key to making great profits with Bitcoin.
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Topic
Board Bitcoin Discussion
Re: Bitcoin entering colleges and universities| DISCUSSION |
by
tiedcoin
on 21/08/2019, 06:02:51 UTC
Seeing that well-reputed schools like MIT have a Bitcoin club and is offering $500k worth of it only makes it clear about the future of BTC. The well-educated folk has probably realized the potential of the Crypto market and decided to gain more knowledge of it.
It is better to have knowledge of something and not need it than to need knowledge of something and not have it. The use of Bitcoin is increasing day by day and is becoming more accessible to the common man.
In the coming time, Bitcoin will be accepted as legal tender, and everyday tasks will be undertaken with the help of the cryptocurrency. It is refreshing to know that well-renowned institutions are accepting the rise of Bitcoin, unlike banks and governments that do not want it to become main-stream.
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Topic
Board Bitcoin Discussion
Re: What do you think about Bitcoin and the games industry?
by
tiedcoin
on 21/08/2019, 05:17:00 UTC
It is of no surprise that even in 2019 the gaming industry has not found its touch with Bitcoin or Crypto Currencies in general. There are many reasons for them not indulging into the crypto market though.
The crypto currency market is highly volatile. The prices fall and rise too often and that is dangerous for any business accepting them as a mode of payment.
Steam tried to give the crypto game a try but it badly failed because the transaction fees for Bitcoin rose from $0.20 to $20 in just a week.
Although all these factors hinder the gaming industry from including crypto into their systems, I am pretty sure something is being worked on to overcome this problem. After all, the world is now adopting the inevitable phenomenon that is Bitcoin and Crypto.