Cryptomate And Britcoin. Warning Signs!
Home Alt Coins Cryptomate and BritCoin. Warning signs! Looking as I do at alt coins, for new ICOs, good potential, and one of the best indicators transparency and a reliable team, I came across BritCoin on the CryptoMate exchange. Now, Im not saying Britcoin is a bad investment. I wouldnt say that about any coin, because I dont want to be sued. However, I can say that its not something I would invest in myself. The warning signs I got were not subtle. Looking first at ownership and location of the Cryptomate.co.uk domain host, I found it to be in the middle of Australia. This despite the fact that it is a UK domain. Its in Crocodile Dundee country. You might be able to fly there if your private plane can cope with landing on a bumpy dirt track. Secondly, looking at the track record of Britcoin, it does not appear to be picking up in value. If anything, the opposite is true. Penultimately, they are using an unregistered crown image in their logo, which is illegal in the UK. This gives it the appearance of having Royal approval, which it clearly does not have. Finally, it appears that even the owners are not looking at this as a long-term thing. The domain runs out of registration on 26th Jan 18. As a .co.uk domain, it could have been registered for 2 years, but was only registered for one, which would save them about 2.50 All-in-all, these factors give me no confidence in Britcoin. Do they make you feel confident? Here is my disclaimer on the above: Everything has been used under Fair Use for the purposes of criticism and or comment under international copyright law. Dont go investing in something unless you can easily afford to lose your whole investment! Continue reading >>
Nxt News April 2017 (i): The Greater The Difficulty, The Greater The Glory In Surmounting It
Nxt news April 2017 (I): The Greater the Difficulty, the Greater the Glory in Surmounting It Heres some of the latest news about Nxt over this past week: Here below aremore details about each of these topics: Hyperledger , a Linux Foundation project, intends to create an advance cross-industry blockchain technology through a collaborative effort and has been doing so since 2015. Hyperledger has recently set up a special section on its website to let the public know about Hyperledger members that offer a variety of products and services around and based on various business blockchain technologies. The Nxt Foundation is included in this section. Travin Keith , the Marketing Director and a Blockchain Consultant of the Nxt Foundation, is the person in charge of representing the Nxt Foundation at Hyperledger , where numerous well-known players in the finance and tech industries are members of, such as:Cisco, Fujitsu, Hitachi, IBM, Intel, Red Hat, Grupo Deutsche Brse, J.P. Morgan, etc. The Nxt Foundation is a nonprofit organization that promotes the use of Nxt and Ardor blockchain technology. Since 2014, we have been a point-of-contact for businesses and organizations interested in using this technology and have since expanded our operations to further support the broader community. Blockchain Products/Services Offered: Businesses and organizations can consult with us regarding the use of the open source feature-filled Nxt and Ardor blockchain technologies that we support, whether on the public chain or a private one, for various blockchain-based solutions spanning a wide range of industries. Existing blockchain features include Arbitrary Messaging, Polling, Phased Transactions, Asset Creation, and an Asset Exchange, as well as a Plugin system, to name a few. The Nxt Foundat Continue reading >>
How To Buy Bitcoin In The Uk
So, you've heard all about the advantages of this amazing new financial technology called bitcoin, buthow doyougo about buying itin the British Isles? While bitcoin makes sending payments between countries or even continents quick, cheap and easy, traditional banking systems have yet catch up.As a result,users buying bitcoin through a bank accountreportfrustration withcomplexprocedures, delayswhile funds arriveandhigh fees for international transfers. Credit and debit cards will oftenincur charges too, and not all companies will accept them due to the risk of fraudulent chargebacks. As a result,if you're not paying withcash at a bitcoin ATM or from an individual at a meetup, buying bitcoin is bestdone by fast and free domestic bank transfer if you can find a bitcoin business offering that option, that is. The problem is, British banks are reluctant to service bitcoin companies so many exchanges are having to bank elsewhere in the EU. In these cases, you'll have to put up with charges on international transfers like SEPA and often wait 25days for yourfunds to arrive. The British government has made some noises about turning the country into a cryptocurrency-friendly environment . However, as it stands,a UK exchange providing SEPA bank transfers offers few advantages over any exchange in the EU apart from being able to deposit in GBP, perhaps. However, new banking partnership s are being forged that allowbitcoin exchangesadd local depositoptions for UK customers. Bitcoin is notoriously volatilethat is, the value can climb and drop significantly over short timeframes. As a result, bitcoin buyers would do well to keep an eye on the price charts in order to make, hopefully, a timely purchase when the value is low. Indeed, many people earnmoney trading bitcoin, making the mo Continue reading >>
Cryptomate - Frequently Asked Questions
Frequently asked questions about Cryptomate Cryptomate is an easy to use platform that allows British users to purchase cryptocurrency via instant bank transfer. The service was launched to help bridge the gap between GBP and cryptocurrency exchange within the UK and to make the most popular digital currencies available to almost anyone with online banking. We currently only accept UK online bank transfers. We chose this method of payment as it is completely secure, instant and simple to use. Thanks to Faster Payments, our bank transfers are near instant - meaning you can purchase in real-time. All fees are incorporated into the price. You will receive exactly the amount you see on the order form. We sell at a variable percentage above market rate to cover our operating costs and to allow our vendors to make a profit. The trade-off for this is ease of use and the speed of the service - we're not the cheapest, but we try to be the best! How long does it take for my coins to arrive? We always aim for your coins to be in your wallet within two hours of you placing your order, but it could be as little as 15 minutes. As all our transactions are processed manually by our trusted vendors for security purposes, this only holds true during operating hours; you can see when our service is online at the top of the page. My cryptocurrency has not arrived, what should I do? If you coins have not arrived within 2 hours you should contact customer support using the email address [email protected] and include the order reference code in your email. No, you can only buy from Cryptomate. To sell you'll need to use another service. Your wallet address (or public key) is generated by your wallet. You can either download a wallet or use one from an exchange. A wallet is used to sto Continue reading >>
How To Buy A Bitcoin If You Live In The Uk
How To Buy A Bitcoin If You Live In The UK It has not always been easy to purchase Bitcoins if you live in the UK, thanks to the strict rules and regulations surrounding the trading of cryptocurrency; but, the good news is that it has become easier than it once was. You have probably read about the advantages of trading Bitcoin, namely they speed at which you can send payments between countries and continents; however, in the UK, one of the main problems that we face is that traditional banking systems have not always caught up to this, which in turn, makes them very reluctant to service the Bitcoin companies. Like we said, it has got easier, as several UK exchanges have been launched in the past few years, which has allowed Brits to purchase Bitcoins, without having to send their money to a European bank, which is how many got around it before. The main problem we face in the UK when it comes to purchasing Bitcoins is the British banks. They are so reluctant to service Bitcoin companies, which means that many companies are having to bank elsewhere in the UK; like we briefly mentioned above. Because of this, the buyer will often face lengthy delays in receiving their Bitcoins, not to mention the higher fees that they face for the international transfers. Often, you will have to wait between two to five days for your funds to arrive, which is not the speedy payments that you have heard about at all. The good news is though that the British government is slowly working to make the UK a cryptocurrency friendly environment. That said, many are debating whether a UK exchange that provides SEPA bank transfer actually offers many advantages, other than the fact that you can deposit in GBP. Regardless of this though, many new banking partnerships are being formed slowly, that Continue reading >>
Guide For Buying And Storing Ripple (xrp)
Guide for buying and storing Ripple (XRP) So I have bought some XRP (Ripple) through Bitstamp. I still have a USD balance in my Bitstamp, as I am holding on to see if XRP drops in price so I can buy some more. Having read all the good advice above, regarding storing coins in a wallet, I decided to look at the various wallets on offer on a website called CryptoCompare . (there are many wallet choices). I notice there are many factors (Security, Anonymity, Easy of Use, Extra services etc.). You've recommended GateHub, but there seems to be a lot of negativity towards them? What is it in them that you see that is good? XRP appear to only have two possible wallets Gatehub and Ledger Wallet? Is having a hardware wallet better than a Windows based wallet? Why are there very few wallets available for XRP? Can XRP be converted to BTC via Bitstamp and then transferred into one of the many good BTC supported wallets? Are there costs involved converting XRP to BTC to a wallet? Having bought some XRP already, how do I now store them into a wallet? (I am slightly confused with this point), would I have to sell my XRP and transfer those USD I have in my account to a wallet and how can that be done in Bitstamp? I only see a wallet option in the Android app. You've recommended GateHub, but there seems to be a lot of negativity towards them? What is it in them that you see that is good? XRP appear to only have two possible wallets Gatehub and Ledger Wallet? Is having a hardware wallet better than a Windows based wallet? Why are there very few wallets available for XRP? Can XRP be converted to BTC via Bitstamp and then transferred into one of the many good BTC supported wallets? Are there costs involved converting XRP to BTC to a wallet? Having bought some XRP already, how do I now stor Continue reading >>
About Cryptomate Exchange | How To Create A Cryptomate Account?
Cryptomate is a unique platform where vendors connect with buyers for buying and selling of cryptocurrency. William Thomas founded this company in 2014. He believes that a decentralized system with thepeer-to-peer transfer is the future of currency. Cryptomate is a platform for crypto exchange where its bridging the gap between GBP and Crypto exchanges present in theUK. The platform is limited to users with British bank accounts and sign up is not necessary to place an order. Cryptomate allows the exchange of many cryptocurrencies such as Bitcoin , Litecoin , Ripple , and Ethereum etc. If a user places an order for any of the currencies, it is usually delivered within an hour. Verification of a user plays a major role though. This has now been increased to 200 and is per order. If theuser wants to buy more crypto then he needs to submit ID proof. For a verified user, the crypto purchase is allowed up to 1000 pounds/order and verified users can create OTC orders for purchases above 2,500 also. The mode of payment for thepurchase of cryptocurrency is possible only through online banking transfer. For user convenience, cryptomate shows an online sign on its website thus making the transactions easier. Cryptomate works on the concept of Peer-to-peer trusted vendor system (P2P) i.e. it connects vendors and buyers on a single platform. For security, it uses 256 bit SSL for point-to-point encrypted communication. The information of all cryptomate users is present in a secure database. Thus, Cryptomate is fast, easy and secure. Vendors can apply by emailing its support staff. Cryptomate has all major currencies listed on its platform but not all. Thus, if a user cannot find the preferred currency on the list, a suggestion can be posted to their support team. There is also an o Continue reading >>
New British Exchange Cryptomate Opens
Bitcoiners in the United Kingdom have now a new exchange where they can easily buy and sell Bitcoin. CryptoMate is a new exchange platform that provides a fast, secure and easy way to deal with bitcoin in England. CryptoMate is using traditional bank accounts within the UK. However, the exchange is planning to have a big update in the works that will allow them to work with several other foreigner financial institutions to be able to accept customers from all around the world. The exchange works much like any other exchange and customers who have not verified their identity are limited to a total of 250 in purchases. Once this amount is reached, customers will be required to prove their identity before they can make further orders. This can be a clear picture or scan of a personal driver license or passport. The bank account that customers provide must correspond to the name provided on their identification or their account can be frozen or even closed. Customers who have their identity verified are given a 1,000 daily purchase limit. The exchange has implemented all this compliance features just to follow with AML & KYC regulations within the UK, as an attempt to protect against any kind of identity theft or fraud by having full right to report to the appropriate authorities. CryptoMate aims to deliver a fast and reliable service for British customers. The startup delivers the customers funds within one hour of the order being placed and payment being confirmed. Thanks to Faster Payments, customers will be able to buy or sell Bitcoin in no time using just an online banking account to make the purchase. CryptoMate does not store any payment or customer personal information on its servers. Customers make their payments through their online banking service, not through a Continue reading >>
Ultimate Bitcoin Guide: How To Setup A Wallet, Buy, And Use Bitcoin In The Uk
Ultimate Bitcoin Guide: How to Setup a Wallet, Buy, and Use Bitcoin in the UK Recent technology has given us lots of new ways to pay for stuff, with contactless cards and the likes of Apple Pay making parting with our hard earned cash easier than ever. But ultimately, these systems all still rely on the age-old system of the pound sterling, as backed by the Bank of England. There is, however, another new financial technology that could revolutionise the way we spend: Bitcoin, which instead of relying on the Bank of England, is a cryptocurrency based on complex maths. Related: Where Can I Use Apple Pay in the UK? Unlike normal currencies, Bitcoin doesnt have a central bank or the backing of a government. Instead, it is regulated by complex algorithms, with new coins being mined when computers solve complex equations. All of this number crunching is tracked by the blockchain, a public ledger of all transactions which is distributed, meaning there is no central point in the network that can be shut down. It is perhaps analogous to file-sharing protocol BitTorrent. You can obtain Bitcoins by mining them yourself or buying them from an exchange. But for that to happen, youll first need a wallet. There are different ways to get a wallet. You can simply store Bitcoins on your hard disk, in wallet software running locally or you can use an online service and have your coins stored in the cloud. Both have advantages and disadvantages. For example, if your coins are stored locally, if something physically happens to your computer (such as your hard disk getting destroyed) you lose your cash. Conversely, if your coins are stored online with an Exchange, they are more likely to be an attractive target to hackers. Famously last year, Mt Gox, which was one of the largest Bitcoin exc Continue reading >>
Monero.how - Monero Tutorials, Statistics, Charts And Resources
Send feedback, corrections or suggestions to hello Donations for running costs appreciated at 49gaVm1UjcxPjntMKLYdFxiUixBCkdGzLiFTE8opG243ZgKmZE1x7zoYjTTWu4A9t3SkkXrvjhuutY8jpdVtWVTrTS5LUwh Thanks to Monero developers and community members that answered questions that contributed to the content in this site: jollymort, hyc, moneromoo, smooth, jwinterm, debruyne, fluffypony, pero, needmoney90, ferretinjapan, idunk, saddam, wolf0, daveyjones, snipa, gingeropolous, markos, othe, m5m400, luigi1111, kenshi84 Disclaimer: This site contains opinion for informational purposes only and does not consitute investment advice. Information may contain errors and omissions. Use solely at your own risk. Services listed here are run by third parties and are not vetted by this site. The authors of this site and/or the authors of articles linked to from this site may have financial investments that may bias their opinions, including ownership of Monero currency. Always do your own research, form your own opinions, and never take risks with money or trust third parties without verifying their credibility. Remember to take your computer security seriously and never use a computer or phone that is at risk of infection by untrusted software that may contain malware or viruses. Copyright 2017. Continue reading >>
Newsflash! How To Receive Ripple
The symbol for Ripple is XRP, just like the symbol for Bitcoin is BTC. To receive XRP to an address, whether a wallet (in most cases) or to an exchange, there is a protocol that must be followed. For example, say youve bought XRP from someone or from some place, and you want to send it to your compatible online wallet. Ripple has, unlike most other cryptocurrencies, a destination tag that needs to be used when you want the Ripple to show up in the account where you are sending it. Your destination tag is like your name and address. It identifies you as the one to whom the incoming Ripple belongs. This is a current situation, because Ripple is fairly new, and most exchanges have a single destination address for Ripple, and the destination tag is the thing that identifies you as the recipient. If you send it to your individual cryptowallet, the destination tag might not matter. But it might. Without that tag, it might float around in cyberspace forever. I dont know, because my Ripple, for my own reasons, is in a fairly secure online wallet. The Trezor hardware wallet may eventually accept Ripple, and the Ledger already does so. So if you ignore the destination tag, you are simply sending your Ripple to an exchange account or platform, where it will top-up their own Ripple. They have no way of knowing where or who that Ripple came from, in the same way that if you have publicised your Bitcoin receiving address, say on your website, and you suddenly notice more bitcoin appearing in your BTC wallet, you dont know who sent that donation. For example, one of my BTC receiving addresses is Occasionally I receive donations of Bitcoin or other cryptocurrencies from people grateful for some information I have provided that has either saved them from wasting money, or actually allo Continue reading >>
Where Is My Coin Wallet Address?
I use Independent reserve. Price is usually lower than Coinspot, and the fees are significantly lower. I buy on Independent reserve, send into a big exchange like Binance, play around in there for a bit, and then sell on Coinspot because the price is higher. The higher fees are usually covered by the higher price. What happens for coins you don't have a wallet for when the transactions are malformed? My coins for stellar were sent to no address yet it is marked as completed. I assume this is because it comes out of a shared wallet? there is no TXID so this should have failed! Why have the coins been taken out of my account! Can someone please check my case I raised on this! It is your responsibility to ensure that the address you're sending to is correct. It's impossible to send to no address, so you must've put something in the 'to' box. If you put anything in there and hit send, it's likely your coins are gone. Crypto is decentralised, and there's no bank that can reverse the transaction for you. If it went through, it's gone. Sorry bud. I'm not a representative or employee of Coinspot, so my word isn't gospel, but this has happened a fair bit in the past. Call Coinspot and get them to confirm that the transaction has in fact been placed. . This isn't a Coinspot issue, this is a bitcoin issue. Currently, due to the amount of demand and the mining setup (because segwit 2x didn't go ahead), the bitcoin transfer rate is incredibly slow. If you want to transfer bitcoins from one exchange to another, I'd avoid doing a transfer, and would instead use www.shapeshift.io to transfer your bitcoin into another coin, then send, then transfer back into bitcoin. This is going to be the most difficult thing for bitcoin to overcome as litecoin is exactly the same except infinitely f Continue reading >>
Ark Ark Exchanges Ark Wallets Ark Cryptocurrency - Top10money.com
Is it worth buying Ark as an investment opportunity? The one most important aspect of using any particular digital and crypto currency such as Ark is that the value of them are always going to fluctuate and as such they could increase in value at any time but conversely they could also decrease in value too. Whilst many people do tend to buy digital currencies such as Ark as a long or short term investment, please do ensure that you are fully aware of the risks of trading any digital currency as the value of them are never guaranteed to rise over any given time period which is important to know and fully understand. Does the value of Ark increase over the weekend? Whilst it may be true to say that a lot of people do tend to buy and sell Ark over the weekend that doesnt necessarily mean that the price you will have to pay for it is going to increase in value on a Saturday or Sunday. In fact, it is always going to be down to a range of unique factors that will ultimately determine whether Ark is going to rise in value or is going to decrease in value at any one time or another, so there will be no real way of knowing when its value will rise of fall in advance of it doing so. Can I buy and sell Ark on a mobile phone? You are going to be able to buy and sell Ark in one of two different ways, and one of those ways will be by using any type of mobile device, all exchanges have been designed in such a way that they are fully compatible with most touch screen types of mobile phones and cell phones. Keep in mind that you are never going to have to make any compromises what so ever is you do prefer using a digital exchange on your mobile device when compared to using ones on your computer, so if you do wish to do so you are more than welcome and able to do so. Will I be able to Continue reading >>
Cryptomate Review - Is Cryptomate.co.uk Scam Or Good Cryptocurrency Exchange?
Cryptomate is registered in the UK, but does not fall under any specific financial regulation, unlike Crypto Facilities . That being said the latter offers derivatives trading, while Cryptomate is more of service, than a trading facility. The company is basically a peer-to-peer network, connecting buyers and sellers of cryptocurrencies, although not everybody can sell at the website. In order to become a vendor one must contact the website and probably meet some volume requirements. The most unique feature at Cryptomate is that only UK bank transfers are accepted as a payment method. This exchange is one of the few which doesnt offer a wallet, although they provide useful links for beginners, who can read-up on the topic. When making an order at Cryptomate, you have to provide your own external address, to which the coins will be sent. Unlike a lot of other companies in the space, Cryptomate has to follow the working hours of UK banks. This is simply due to the fact, each transfer comes has is connected with the Faster Payments Service (FPS). For those of you who are not familiar with it, this is a system connecting British banks, allowing them to make cheaper and faster payments between one another (much like the SEPA system in the EU). Cryptomate claims around a transaction processing time of aroun 15 minutes. While this is absurd from a trading perspective, it is actually quite fast, when compared to similar services, like CoinTree in Australia. There havent been any reports on hacks at Cryptomate. The fact the company only connects buyers with vendors and does not store any cryptocurrencies has something to do with this there are very few things which can be hacked. When it comes to the user reviews, Cryptomate is generally praised. The few complaints we managed to Continue reading >>
The Future Of Crypto Exchanges And The Race To Become As Decentralized As Possible
The Future of Crypto Exchanges and the Race to Become as Decentralized as Possible Cointelegraph spoke to William Thomas, the founder of the UKs recently launched CryptoMate exchange, who explained why decentralized, peer-to-peer (P2P) exchanges could be the future Cointelegraph spoke to William Thomas, the founder of the UKs recently launched CryptoMate exchange, who explained why decentralized, peer-to-peer (P2P) exchanges could be the future. CryptoMate is a recently launched cryptocurrency exchange that sells coins directly to customers via instant bank transfer within the UK.Moving forward, however, the company believes that switching to a peer-to-peer model will allow them to offer a much faster and pleasant buying experience to customers. Due to banks taking an unfriendly approach to doing business with crypto companies in the UK, CryptoMate believes that switching to a P2P system will allow it to have a bit more control over their future and ensure that it does not have a single point of failure, as is currently the case with many exchanges. Using our network of trusted bitcoin and altcoin vendors and having them compete to fulfill customer orders, we allow for smoother and most importantly faster transactions, said CryptoMate founder William Thomas to Cointelegraph. Customers in the UK with access to online banking can have their coins in their wallets in just a few minutes. The company will not hold any fiat or private keys to crypto coins on its servers, as customers will be able to buy directly from its vendors instead of from CryptoMate the company. Unless the banks change their approach soon, British [bitcoin] buyers and sellers will move towards peer-to-peer platforms. Cointelegraph: With so many crypto startups and exchanges, in particular, why did you Continue reading >>