Coinapult Launches LOCKS, Aiming to Eliminate Bitcoin ...

Just gone on Coinapult, locked and unlocked btc to usd. Bitcoins didn't move in the process

Just gone on Coinapult, locked and unlocked btc to usd. Bitcoins didn't move in the process submitted by knight222 to Bitcoin [link] [comments]

Top 10 Best Cryptocurrency Wallets for 2019 (Re-Post)

Top 10 Best Cryptocurrency Wallets for 2019 (Re-Post)
https://preview.redd.it/g0j3lqvymxi31.png?width=1500&format=png&auto=webp&s=f1024902cc5c9ad6f0417a419d0c1b4e75c2c13f
You've asked for a list to find the Best Cryptocurrency Wallet, We've delivered! Bitcoin prices have been rising throughout 2019, and have now hit over $10,000! Pair that with newer cryptocurrencies such as ether along with an increasing acceptance of blockchain tech plus media and government coverage, cryptocurrency wallets are needed now more than ever. Whether you are looking for the best cryptocurrency wallets, Bitcoin wallet or the best Ethereum wallet, we've got you covered.
These best cryptocurrency wallets, best Bitcoin wallets, and best Ethereum wallets have proven to be crowd-pleasers, and each comes with its own array of pros and cons that are mostly dependent on user preference:

1. Ledger Nano S (Best Ethereum Wallet)

The Ledger Nano S is a cryptocurrency multi-asset hardware wallet that looks like a folding flash drive. It can store Bitcoin, Ethereum, and other Altcoins. The Ledger Nano S connects via a USB cable and requires interaction with the device to confirm transactions. Ledger’s Nano S is also U2F authentication compliant for use with other services and can run multiple apps. The Ledger Nano is safe, relatively inexpensive, malware proof and cannot be hacked. For those reasons, we think it is one of the best cryptocurrency wallets. See #6 for the Nano's beefed up brother, the Ledger Blue!
Ledger Nano S is available in saffron yellow, flamingo pink, jade green, lagoon blue, and black.
According to Ledger, these are in stock and shipping.
Cost: $59
Buy Direct Here > www.LedgerWallet.com

2. Coinbase (Best Bitcoin Wallet)

CB is an established and dedicated cryptocurrency exchange, a Bitcoin, and Ethereum wallet, and is supported in more than 30 countries. They have helped over 10 million users transact more than $20 billion in cryptocurrency exchanges and is the industry leader for cryptocurrency exchange. They have a great user interface that is easy to use.
Free to sign up but they do charge a minimal transaction fee depending on the size of the transaction. Simply sign up, connect your bank account or credit card, then buy your cryptocurrency. You will need to verify your identity by providing 1 or multiple pieces of identity, depending on how much you buy. Once you've purchased your Bitcoin, You can easily transfer it to your “vault” for better protection. It may take several days to receive the first Bitcoins you purchase. Be sure to turn on 2-factor authentication for additional protection to your account, you can download this on any cell phone using Google Authenticator or Authy.
Sign Up Here > www.Coinbase.com

3. Ledger BLUE

The “Rolls Royce of hardware wallets! It is by far the most advanced hardware security gear on the market. Comes with a color large touchscreen, Bluetooth, and a rechargeable battery. Lightweight for easy transportation and storage. Works with multi currencies and extensible with other apps. Ledger offers enterprise-level security. If it wasn't for the high price point, Ledger would get our vote for the top 5 best cryptocurrency wallets.
Shipping: Available for Preorder, According to Ledger this will ship in late September 2017.
Cost: 229.00€ or roughly $270 USD.
Buy Direct Here > www.LedgerWallet.com

4. KeepKey

KeepKey is a simple hardware wallet that secures Bitcoin, Ethereum, Litecoin, Dogecoin dash, and Namecoin. Your assets are protected from hackers and thieves. They claim to be virus and malware proof because it does not have an operating system like your phone or computer. The firmware is 100% open source and works on PC, Mac, Linux, and Android. You can make modifications to their firmware or create your own, then run it. Keep Key has a great digital display and comes in a very appealing anodized aluminum and black polycarbonate case. They offer a 1-year limited warranty.
As of 8/29/2017, These are finally back in stock!
Cost: $99 USD.
Buy Direct Here > www.KeepKey.com

5. TREZOR

TREZOR is an industry-leading hardware multi-cryptocurrency wallet. They were the original hardware wallet and claim to be the most secure. These are quick to setup and easy to use. They offer a Google Chrome extension that communicates with your hardware. TREZOR combines an easy setup with a small, durable token for authenticating and storing cryptocurrency. The token can also act as a security key for the new U2F authentication process.
These are available in black and white colors.
Customers tell us these are shipping 4 days after the order is placed.
Cost: 89. € or roughly $10 USD. They also offer a “Multipack that contains 3 Trezors and gives you a 22€ discount.
Buy Direct Here > www.Trezor.io

6. StrongCoin

StrongCoin one of the best cryptocurrency wallets. They are a hybrid wallet allows you to send and receive Bitcoins just like any other wallet. However, the Bitcoin private key which is required to send money is encrypted in your browser before it reaches their servers. They can never hold your bitcoins ransom because you are able to download your entire account as a PDF. You can purchase bitcoins directly to your StrongCoin wallet so they are never at risk of theft on an exchange. StrongCoin is the longest running Bitcoin wallet. 110,000 users have signed up and it appears to be a very well known and widely used company. Their wallets are free to create but they do charge a small transaction fee depending on the amount of Bitcoin.
Sign Up Here > www.StrongCoin.com

7. Exodus

If this page were titled The Best Designed Cryptocurrency Wallet and not Best Cryptocurrency Wallets, Exodus would be the clear winner. Exodus is the first desktop software wallet to have ShapeShift built into the interface in order to allow for rapid conversion between various altcoins and cryptocurrencies. Beyond having ShapeShift integration, Exodus is a multi-asset wallet and lets you store your private keys in one application with a customizable user interface. You have full control over your encrypted private keys, they have beautiful live charts and you can customize the look and feel of their interface. They offer 24/7 support via their help desk or email which makes communication nice for late night projects. They also offer a Slack channel for communication with other users. Exodus is available for Windows, Mac, and Linux. This software is free to download.

8. Jaxx – Ice Cube

Jaxx established their brand by allowing for cross-platform support with their crypto wallet. They have added integration support for ShapeShift and gives users a multi-currency wallet that they hold the private keys for. Jaxx announced the “Ice Cube” which is a hardware wallet with a camera and cellular chip for broadcasting transactions that never connects to the internet. The Ice Cube is water and fire resistant. This company is small and can also be stored in a safe or safety deposit box for security. Jaxx has a beautiful user interface and visible code, you can tell they have designed this product for the amateur as well as the most experienced Crypto enthusiast.

9. Mycelium

Granted the prestigious “Best Mobile App” award by Blockchain.info in 2014, the wallet provides the ability to send and receive bitcoins whilst benefiting from bank-grade security. Mycelium is an Android-based multi-asset cryptocurrency wallet that has been tested by hundreds of thousands of users. At the time of writing this, they had the most stars on Google Play. They are in the midst of integrating with a variety of third-party service providers to bring new and emerging applications into a realm of usefulness that can only be achieved with native functionality and a high degree of user trust. They currently integrate with Cashila, Glidera, Coinapult, Trezor, and Ledger. Mycelium also has hardware wallets and is working to further the development of decentralized applications (DApps). They are constantly upgrading this software. They are working on a personal finance tool to pay your bills and manage your finances and investments. This is the best Ethereum wallet and the best Bitcoin Wallet.

10. Electrum

Electrum was created by Thomas Voegtlin in November 2011, as a result, various developers have contributed to its source code. A software wallet that was designed to give users the freedom to manage their funds and private keys in a secure manner. Electrum allows you to store your private keys offline and integrates with some hardware wallets like TREZOR or Ledger products. Electrum utilizes decentralized servers to ensure minimal to no downtime.

Different Types of Cryptocurrency Wallets:

What is a Cryptocurrency Hardware Wallet?

These cryptocurrency Wallets store your information offline so it cannot be hacked. While it is more expensive than most other wallets, It can be a great investment. A lot of people buy 2-4 hardware wallets to spread the risk of losing one. We recommend storing this in a safety deposit box at your bank or in a very safe and secure place in your home. The downside of these wallets is losing your wallet, be careful! For security, we think these are the best cryptocurrency wallets available.

What is a Cryptocurrency Web Wallet?

These are the easiest wallets to use and the most convenient. Most websites will allow for 2-factor authentication through Google, text message, or Authy. This adds a great layer of protection. We have heard of very few cases where these accounts were hacked individually but we have heard of entire exchanges getting hacked which results in stolen bitcoins. We always keep some of our Bitcoin, Litecoin, Ethereum and other Altcoins in web-based crypto wallets so we can easily day trade and move funds around.

What is a Cryptocurrency Desktop Wallet?

These are great wallets for storing cryptocurrency. You don't have the concern of losing your wallet like a hardware cryptocurrency wallets. You don't have the concern of getting hacked like web-based cryptocurrency wallets. These desktop wallets are generally free or low cost. You are however at risk of losing your wallet if your computer fails or is lost or stolen. If you want to make sure you don't lose these wallets, we suggest printing them on a durable material like foam board printing. These can make for the best bitcoin wallet and also the best Etereum wallet.

What is a Cryptocurrency Mobile Wallet?

Both Apple and Android offer mobile app based cryptocurrency wallets. These are great because you can use them on the go and on the fly. We have read several reports on Reddit about fraudulent apps that steal your bitcoin wallet and all of its contents so please be sure to use a well known Mobile crypto wallet.

Link to original blog post: https://www.disruptordaily.com/top-10-best-cryptocurrency-wallets-for-2017/
submitted by Tokenberry to NewbieZone [link] [comments]

Mycelium Wallet for Android v2.5 and some news

Mycelium Wallet for Android v2.5 is finally out after a long long time in beta. Some major new features in this one!
Ledger and Coinapult are our most exciting features this time. We hope that now that users are able to lock their account value to the value of USD, those who were worried about using Bitcoin due to high volatility (such as merchants in areas without access to BitPay type services) will now be willing to give Bitcoin a try. Who knows, maybe it'll finaly give some competition to MPesa. And Ledger adds a much more affordable option for those who wish to use a more secure dedicated hardware device for storing their Bitcoin savings. Also, don't forget, our European users can already send to SEPA accounts directly from within the walle, too, using Cashila. That feature isn't really obvious, since it only shows up if you register for a Cashila account, but let's you pay your bills or transfer money to friends and family right from your wallet.
We also have some news (in case it was missed earlier). Mycelium managed to raise some funding, and is in the process of hiring developers:
https://coinality.com/jobs/front-end-developer-android/ https://coinality.com/jobs/front-end-developer-ios/
We recently hired a new backend developer, and senior developers for iOS and Android. I have moved from a Community Manager to a Product Manager for the wallet (I'll still be doing community managing though). And we also have some BIG changes planned for our wallet. Much of the wallet will be redesigned from scratch, and the main changes you will see are:
These changes won't come quickly, unfortunately, and we will keep updating our old wallet in the mean time, but we'll keep you updated on our progress.
Direct download to our app here https://mycelium.com/bitcoinwallet
submitted by Rassah to Bitcoin [link] [comments]

Changetip abandons bitcoin starts tipping in dollars, survey shows that 78% of people would not use it because it uses bitcoin.

https://www.reddit.com/changetip/comments/3laybl/changetip_now_supports_usd_some_thoughts_about/
As you may have heard by now, ChangeTip rolled out support for tipping with US Dollars. That’s right, you have a USD Pocket now to tip with. More information on how that works here.
We're very excited to be adding this additional payment channel for our users. It will allow more people to use ChangeTip, and to help spread the adoption of Bitcoin by infiltrating the USD market and building bridges (more on that below).
While this news will be welcomed by the vast majority of our users, we understand that some people may have questions about why we did this. I wanted to take this opportunity to transparently talk about our reasoning, as well as give a glimpse into the ChangeTip’s future plans when it comes to decentralization. Why did ChangeTip add support for USD?
While the whole ChangeTip team wants to shout from the rooftops that Bitcoin is the best payment channel for micropayments, we also listen to our customers.
On that front, our customers told us that they want US Dollars. We had some hunches on this, and then did some customer interviews, and also did a nationwide survey. In this survey, 76% of people would not use ChangeTip because it was bitcoin. Ouch!
Digging into The Why uncovered a pretty big consumer perception problem with Bitcoin. There were three fairly equally weighted reasons:
It's not “real money”.
This is a short term issue that can be handled with more education. As a community, we have a lot of work to do. It's too volatile.
I personally think this has become a lazy way to dismiss bitcoin, and further, it doesn't really apply to micropayments as much, but it’s still what people are thinking.
I don't trust Bitcoin
This is the real challenge. The association with drugs, extortion, etc really hurts adoption. With 3 out of 4 people being unwilling to use ChangeTip because it is using Bitcoin, it was clear that we needed to add USD. The US dollar is probably going to be around for at least a few more years, so we figured we needed to play nice and interoperate. ;)
When these USD users are using ChangeTip, they will be constantly introduced to the benefits of Bitcoin. Want to send a tip to someone who doesn't have a USD bank account? No problem, we will convert that to Bitcoin for you and get your tip to them. Don't like the high banking fees? Use Bitcoin! Don't like waiting 2 days to get your money? Use Bitcoin! We will be sprinkling BTC advertisements all throughout our product.
What plans does ChangeTip have for Decentralization in the future? We've been through some serious challenges to get USD to work. The regulatory and banking system challenges have been...an exercise in patience. We're now very motivated to figure out a way to enable these transfers that don't require the use of the existing banking infrastructure (and all the headaches that come with that). On that front, we've recently renewed our commitment to building a decentralized ChangeTip, where the user controls the funds, and both Bitcoin and USD are supported. There are some huge challenges to doing this. Hats off to Abra, as well as Mycelium / Coinapult, for the paving the way recently. Beyond the challenges that Abra and Mycelium have recently solved, ChangeTip's situation is more challenging for two big reasons.
Micropayments. We are moving small amounts of money, it's not feasible to have a 1/10th of a penny tip or micropayment to a publisher be an on-chain transaction. Payment channels look promising here, with ChangeTip acting as an Oracle, as described here Offline mode. With solutions like Abra and Mycelium, the user always initiates the transaction from the device. Since tipping can be triggered from anywhere (Reddit, YouTube, Twitter, etc.), we need a way to trigger the transaction even when the browsemobile app is not active.
These and other fun challenges await us, but we’re excited for the challenge. We've pulled some heavy hitters together to begin thinking this through (including Richard Kiss, the author of Pycoin, and other soon-to-be-announced high profile Bitcoin experts). Beginning next week we will be actively exploring all possible solutions. The sooner the better! If you have ideas, we'd love to hear them. If you want to help, get in touch. We're infiltrating USD, building bridges back to Bitcoin, and grabbing users that would have previously been unapproachable. As a result, we think this will expose more people to Bitcoin by providing a simple, low-risk atmosphere to start learning about cryptocurrency. What we’ve seen in our community expansion efforts so far is that people “get” bitcoin when they start using it. In order to get more people understanding and loving bitcoin, they have to use it. We feel this is the easiest way to draw people in, and show them in real time the benefits of bitcoin vs. FIAT.
We welcome suggestions, questions, and other feedback. I'll personally be online for 1 hour to answer questions (sorry, I have a conference today!), but several members of the ChangeTip team will be dropping by throughout the day to answer questions.
submitted by henweight to Buttcoin [link] [comments]

Coinapult now integrated into Mycelium

This month, Crypto Capital, together with our integrated bitcoin counterpart, Coinapult, are very proud to announce the integration with renowned mobile bitcoin wallet, Mycelium.
The integration gives users access to Coinapult’s convenient value-locking service, Locks, which allows any value of bitcoin to be locked to USD. This provides the user with a quick and simple way to use and hold bitcoin without worrying about bitcoin market volatility. The dollar value of the user’s bitcoin is retained over time, no matter what the market does.
Users are able to set up a Coinapult Locks account from directly within the app and from there can simply transfer bitcoin in and out of the account to lock and unlock the desired amount of bitcoin. For example, you could lock $1,000 of bitcoin to USD in October to make sure you have the funds to pay your rent for November. Then when it comes time to pay your rent, you can unlock the $1,000 of bitcoin value in your wallet and pay your rent, even if the price of bitcoin were to fall 50% the day before! You’re locked! You’re safe!
Any bitcoins deposited to the Mycelium-Coinapult wallet are automatically pegged to USD. When you send locked funds out, they are sent as bitcoins and deducted from your current USD balance.
Watch the demo video of how to use a Coinapult USD account with the Mycelium app https://youtu.be/eT2CmOfXyH0
submitted by themattt to Bitcoin [link] [comments]

Mycelium Wallet for Android v2.5 and some news

Mycelium Wallet for Android v2.5 is finally out after a long long time in beta. Some major new features in this one!
Ledger and Coinapult are our most exciting features this time. We hope that now that users are able to lock their account value to the value of USD, those who were worried about using Bitcoin due to high volatility (such as merchants in areas without access to BitPay type services) will now be willing to give Bitcoin a try. Who knows, maybe it'll finaly give some competition to MPesa. And Ledger adds a much more affordable option for those who wish to use a more secure dedicated hardware device for storing their Bitcoin savings. Also, don't forget, our European users can already send to SEPA accounts directly from within the walle, too, using Cashila. That feature isn't really obvious, since it only shows up if you register for a Cashila account, but let's you pay your bills or transfer money to friends and family right from your wallet.
We also have some news (in case it was missed earlier). Mycelium managed to raise some funding, and is in the process of hiring developers:
https://coinality.com/jobs/front-end-developer-android/ https://coinality.com/jobs/front-end-developer-ios/
We recently hired a new backend developer, and senior developers for iOS and Android. I have moved from a Community Manager to a Product Manager for the wallet (I'll still be doing community managing though). And we also have some BIG changes planned for our wallet. Much of the wallet will be redesigned from scratch, and the main changes you will see are:
These changes won't come quickly, unfortunately, and we will keep updating our old wallet in the mean time, but we'll keep you updated on our progress.
submitted by Rassah to bitcoinxt [link] [comments]

Coinapult Locks vs Bitreserve price comparison

Now that Bitreserve is opening up, there is a lot of discussion of their fee structure. I have been using Coinapult's Locks service, which has a simple 2% spread. Bitreserve claims to do USD hedging for 0.45%, which would definitely be an improvement. Upon closer examination, though, this appears to be deceptive marketing.
The services
Coinapult Locks - https://coinapult.com/locks/info
Bitreserve - https://bitreserve.org/
Methodology
  1. Deposit 0.01 BTC into a hedged account.
  2. Withdraw whatever remains of my 0.01 BTC
  3. Calculate the round trip cost
I did the above steps for each of the 3 currencies shared between Coinapult and Bitreserve (USD, EUR, GBP). Coinapult also supports gold and silver, while Bitreserve supports CNY and JPY.
Coinapult results
USD
EUR
GBP
These came in almost exactly as advertised, and I was able to view these rates before completing the transaction. Each time the rate was guaranteed for 15 minutes, giving me time to evaluate the rate before committing to the transaction.
Bitreserve results
USD
EUR
GBP
Wow that was difficult. The "Bitcoin network fee" on deposits doesn't make any sense, as I paid network fees myself. Since it is likely a flat fee, I did the round trip percent calculations with and without this ridiculous and badly named fee. I also was not shown the price I would get before depositing, so I had to figure this out after completing the transaction. They are even worse for withdrawals, where the price was never shown to me, not even after completing the transaction. The only way I was able to determine a withdrawal price is by dividing the fiat deducted from my account by the amount of BTC I received.
Summary
[EDIT: Changed formatting to make numbers more readable.]
[EDIT 2: Proof of fees charged by bitreserve added below, since they have been called into question.]
submitted by irostmyhandle to Bitcoin [link] [comments]

ChangeTip now supports USD! Some thoughts about decentralization. Questions and Feedback welcomed.

As you may have heard by now, ChangeTip rolled out support for tipping with US Dollars. That’s right, you have a USD Pocket now to tip with. More information on how that works here.
We're very excited to be adding this additional payment channel for our users. It will allow more people to use ChangeTip, and to help spread the adoption of Bitcoin by infiltrating the USD market and building bridges (more on that below).
While this news will be welcomed by the vast majority of our users, we understand that some people may have questions about why we did this. I wanted to take this opportunity to transparently talk about our reasoning, as well as give a glimpse into the ChangeTip’s future plans when it comes to decentralization.
Why did ChangeTip add support for USD?
While the whole ChangeTip team wants to shout from the rooftops that Bitcoin is the best payment channel for micropayments, we also listen to our customers.
On that front, our customers told us that they want US Dollars. We had some hunches on this, and then did some customer interviews, and also did a nationwide survey. In this survey, 76% of people would not use ChangeTip because it was bitcoin. Ouch!
Digging into The Why uncovered a pretty big consumer perception problem with Bitcoin. There were three fairly equally weighted reasons:
With 3 out of 4 people being unwilling to use ChangeTip because it is using Bitcoin, it was clear that we needed to add USD. The US dollar is probably going to be around for at least a few more years, so we figured we needed to play nice and interoperate. ;)
When these USD users are using ChangeTip, they will be constantly introduced to the benefits of Bitcoin. Want to send a tip to someone who doesn't have a USD bank account? No problem, we will convert that to Bitcoin for you and get your tip to them. Don't like the high banking fees? Use Bitcoin! Don't like waiting 2 days to get your money? Use Bitcoin! We will be sprinkling BTC advertisements all throughout our product.
What plans does ChangeTip have for Decentralization in the future?
We've been through some serious challenges to get USD to work. The regulatory and banking system challenges have been...an exercise in patience. We're now very motivated to figure out a way to enable these transfers that don't require the use of the existing banking infrastructure (and all the headaches that come with that).
On that front, we've recently renewed our commitment to building a decentralized ChangeTip, where the user controls the funds, and both Bitcoin and USD are supported. There are some huge challenges to doing this. Hats off to Abra, as well as Mycelium / Coinapult, for the paving the way recently.
Beyond the challenges that Abra and Mycelium have recently solved, ChangeTip's situation is more challenging for two big reasons.
  1. Micropayments. We are moving small amounts of money, it's not feasible to have a 1/10th of a penny tip or micropayment to a publisher be an on-chain transaction. Payment channels look promising here, with ChangeTip acting as an Oracle, as described here
  2. Offline mode. With solutions like Abra and Mycelium, the user always initiates the transaction from the device. Since tipping can be triggered from anywhere (Reddit, YouTube, Twitter, etc.), we need a way to trigger the transaction even when the browsemobile app is not active.
These and other fun challenges await us, but we’re excited for the challenge. We've pulled some heavy hitters together to begin thinking this through (including Richard Kiss, the author of Pycoin, and other soon-to-be-announced high profile Bitcoin experts). Beginning next week we will be actively exploring all possible solutions. The sooner the better! If you have ideas, we'd love to hear them. If you want to help, get in touch.
We're infiltrating USD, building bridges back to Bitcoin, and grabbing users that would have previously been unapproachable. As a result, we think this will expose more people to Bitcoin by providing a simple, low-risk atmosphere to start learning about cryptocurrency. What we’ve seen in our community expansion efforts so far is that people “get” bitcoin when they start using it. In order to get more people understanding and loving bitcoin, they have to use it. We feel this is the easiest way to draw people in, and show them in real time the benefits of bitcoin vs. FIAT.
We welcome suggestions, questions, and other feedback. I'll personally be online for 1 hour to answer questions (sorry, I have a conference today!), but several members of the ChangeTip team will be dropping by throughout the day to answer questions.
submitted by Nick_Changetip to changetip [link] [comments]

Coinapult vs Bitreserve

I’m fairly new to bitcoin but have about 3 years experience with forex trading (MXN/USD mostly) and bitcoin’s volatility looks to me like a great opportunity for smart traders to make some money. So I’ve started looking at the best (= cheapest, fastest, safest) way to trade BTC/USD.
Everything I've read here indicates that Coinapult is cheaper than Bitreserve. It turns out that’s not the case. Coinapult costs 20%+ more than Bitreserve to go from BTC to USD to BTC.
Side-by-side screenshots of roundtrip transactions here.
Coinapult doesn’t charge anything to go from BTC to USD, but they give a worse BTC/USD exchange rate than Bitreserve (they buy low and sell high).
Bitreserve charges a 0.45% commission but they give the mid-market (spot) rate for BTC/USD.
I’m not done with my investigation (there’s a bunch of other ways to trade BTC/USD out there: Bitshares, Bitstamp, Coinbase, OKcoin, etc. I’m even looking at Coinjar (for BTC/AUD)).
I’ll share what I learn as I go.
Coinapult BTC=>USD=>BTC Roundtrip:
BTC=>USD: 0.9999 BTC locked at a rate of 232.69 USD / BTC = USD 232.69673 locked
USD=>BTC: USD 232.69 USD unlocked at a rate of 235.47 USD / BTC = BTC 0.98819383
Total Cost Coinapult: BTC: 0.0118 (1.171%)
Bitreserve BTC=>USD=>BTC Roundtrip:
BTC=>USD: 0.9999 BTC transferred at a rate of 233.61 USD / BTC = USD 232.55 credited (USD 1.06 commission (0.45%)).
USD=>BTC: USD 232.55 transferred to the BTC card at a rate of 233.67 USD/BTC = 0.99070728 BTC (BTC 0.00447834 commission(0.45%)).
Total Cost Bitreserve: BTC: 0.00929 (0.919%)
TL/DR: Coinapult costs 20% more for BTC=>USD=>BTC roundtrip.
submitted by mrbitsy to Bitcoin [link] [comments]

Locks by Coinapult allows wallet users to easily access the value of gold, silver, USD, EUR, and GBP

Hi BitcoinMarkets,
We at Coinapult have been market making bitcoin for years, and are regular readers of your subreddit. Today we are happy to announce that you can take advantage of our price information and liquidity using a new service called Locks. With Locks, you can sign up using only an email, deposit BTC, and then choose to peg the value of your BTC to gold, silver, USD, EUR, or GBP. While we see Locks as being key for new users who may not be comfortable with BTC price volatility, it is also the fastest and most convenient way to protect yourself against downside risk.
Introductory video:
https://www.youtube.com/watch?v=AxriIkGaY60&feature=youtu.be
Learn more here:
https://coinapult.com/locks/info
We'll be monitoring this thread, and will be glad to answer any questions about the service. Note that signup may not be available for another couple of hours, as of this post.
[EDIT] Service is now live!
submitted by Coinapult_btc to BitcoinMarkets [link] [comments]

Coinapult Integrates With Licensed Financial Institution Crypto Capital, Now Open to Business in the U.S.

PANAMA CITY, Panama, 20 May 2015 — Coinapult, a leading Bitcoin broker, market maker, and wallet service provider since 2012, today announced its integration with licensed financial institution, Crypto Capital. The combination of Coinapult’s bitcoin liquidity and Crypto Capital’s bitcoin-friendly banking services creates a seamless solution that enables individuals and businesses to buy, sell, send, and receive bitcoin and fiat.
The alliance allows Coinapult to reopen its services to the United States, a high-priority objective for Coinapult.
With Coinapult’s guaranteed pricing at any volume and Crypto Capital’s ability to immediately receive fiat to private international bank accounts for individuals and businesses, Coinapult and Crypto Capital are now releasing a solution to bridge the gap between the Fiat and Crypto economy.
Coinapult will no longer request know-your-customer (KYC) documentation. This allows anyone to utilize Coinapult’s pricing services and API without restriction. Crypto Capital will be performing KYC for customers who want to deposit or withdraw fiat currencies. Additionally, limits on account volumes have been lifted.
As a result of integration with a licensed financial institution, Coinapult’s feature product, Locks (TM), will now be upgraded to fully functional buy and sell options, with the ability to deposit and withdraw fiat at any time via Crypto Capital. All Coinapult fiat balances will now be held and insured under a separate Crypto Capital bank account. This is the first step in Coinapult’s longer-term plan to move toward a trustless system. The next step for Coinapult is offering client-side multisignature support for all users.
“Coinapult has been looking forward to reopening in the U.S. for quite some time now. We’re excited to work with both former and new users,” said Niccola Pérez, company spokesperson. “Having built a relationship with Crypto Capital for the past year and beta-testing with our current clients, we are confident that our full integration will add significant value to the Bitcoin ecosystem, which has been starved for an effective, seamless banking solution to bridge the gap between cryptocurrencies and fiat.”
Crypto Capital provides a bitcoin-friendly individual or corporate bank account. Users can then instantly transfer funds between their own private accounts and their Coinapult fiat wallets. Coinapult currently supports USD, EUR, and GBP. More currencies are slated for release in the coming weeks. Crypto Capital supports 30 different currencies and can remit funds to over 180 countries. Accounts are insured up to EUR 100,000.
ABOUT COINAPULT // Coinapult, a leading provider of bitcoin wallet and brokerage services, has been building Bitcoin technology since 2011. The company aims to provide a secure and easy-to-use Bitcoin platform for everyone, from the newcomer to the seasoned bitcoin veteran. https://coinapult.com
ABOUT CRYPTO CAPITAL // Crypto Capital is a licensed financial institution headquartered in Panama and focused on building a private fiat banking platform to support the cryptocurrency economy. https://cryptocapital.co
https://medium.com/@Coinapult/coinapult-integrates-with-licensed-financial-institution-crypto-capital-now-open-to-business-in-ace5196bcf79
submitted by Coinapult_btc to Bitcoin [link] [comments]

Mycelium Wallet for Android v2.5 and some news

Mycelium Wallet for Android v2.5 is finally out after a long long time in beta. Some major new features in this one!
Ledger and Coinapult are our most exciting features this time. We hope that now that users are able to lock their account value to the value of USD, those who were worried about using Bitcoin due to high volatility (such as merchants in areas without access to BitPay type services) will now be willing to give Bitcoin a try. Who knows, maybe it'll finaly give some competition to MPesa. And Ledger adds a much more affordable option for those who wish to use a more secure dedicated hardware device for storing their Bitcoin savings. Also, don't forget, our European users can already send to SEPA accounts directly from within the walle, too, using Cashila. That feature isn't really obvious, since it only shows up if you register for a Cashila account, but let's you pay your bills or transfer money to friends and family right from your wallet.
We also have some news (in case it was missed earlier). Mycelium managed to raise some funding, and is in the process of hiring developers:
https://coinality.com/jobs/front-end-developer-android/ https://coinality.com/jobs/front-end-developer-ios/
We recently hired a new backend developer, and senior developers for iOS and Android. I have moved from a Community Manager to a Product Manager for the wallet (I'll still be doing community managing though). And we also have some BIG changes planned for our wallet. Much of the wallet will be redesigned from scratch, and the main changes you will see are:
These changes won't come quickly, unfortunately, and we will keep updating our old wallet in the mean time, but we'll keep you updated on our progress.
submitted by Rassah to bitcoin_uncensored [link] [comments]

[FAQ] Did I lose my coins?

In Bitcoin, most people that use Bitcoin wallets instead of trusting their coins to some third party lose them not to hackers or bugs but to accidents and lack of backups.
submitted by giszmo to mycelium [link] [comments]

Full blocks will force users onto centralised exchanges. Harming the overall ecosystem.

I am not a trader. I use mycelium with a coinapult usd lock account linked to hedge volatility. As the price falls I hold in usd, as the price rises I hold in btc. That is the extent of my trading.
To move between these accounts it requires an on-chain transaction to take place. If that doesnt happen I loose money. Full blocks are preventing average users who wish to use decentralised wallets from hedging.
This will push more and more users onto centralised services which cannot be a good thing for the ecosystem.
The whole idea of bitcoin is decentralisation, however full blocks are forcing more and more users onto centralised services just for the abilty to hedge volatility, or use bitcoin at all.
Finally this ecosystem supports decentralised hedging but now full blocks are taking that feature away.
How is this a good thing?
Having full blocks also hinders the development of all other decentralised innovations including openbazar etc.
Allowing full blocks is the same as saying "centralize all the things".
submitted by slvbtc to btc [link] [comments]

[uncensored-r/btc] How the Tether (USDT) distribution system works. Bitcoin/DASH, Coinapult, Cryptocapital, Bitifnex...

The following post by geekmonk is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ btc/comments/7ljmik
The original post's content was as follows:
Full article: https://medium.com/@untetheredbtc/how-the-tether-usdt-distribution-system-works-84a5c673bec0
The article is somehow badly written, so here is a short summary:
CryptoCapital - Panamanian Financial services company (launched by HAVELOCKINVESTMENTS) claiming to be a bank and licensed crypto exchange (the author has proof both are false).
HAVELOCKINVESTMENTS - Announced partnership between Coinapult and Cryptocapital
Coinapult and Cryptocapital are connected through Ira Miller (ex-CEO of Coinapult, also developed Cryptocapital's internal tech)
Where Tethers come into play: Coinapult offers a service known as LOCK where you lock the value in usd of your bitcoins in order to hedge against fluctuations. The Author has evidence and is sure that Coinapult, to "protect" the value in usd of the coins (bitcoins & dash) its LOCK feature users deposit, simply converts them into Tethers but claims instead that deposits are insured by CryptoCapital. The author also notes that Coinapult's Bitcoin price feed is taken from Bitfinex which proves they are converting them into tethers (also run by Bitfinex).
How/Why Tethers are printed: Coinapult offers its LOCK feature to Mycelium and a DASH wallet. People who deposit bitcoins/dash coins with Mycelium and decide to LOCK the value of their investments in USD trigger the issuance of fresh tether tokens (through Coinapult and Cryptocapital). Beware that these people think they are insured by Cryptocapital but all cryptocapital does to insure them is to convert their coins into "Tethers". This makes particular sense if you think that only a couple of weeks ago a bitfinex employee commented in a Tether thread saying "what if tethers are bought with other cryptos".
Coinapult also works with Safello, an exchange with a dozen thousand users, and with DASH wallet(s).
Important Note: The Author points out how Coinapult went from being b2c (business-to-consumer) to a b2b entity (business-to-business) since the release of its lock feature. This means that Coinapult only works with businesses. In other words it offers its service to Safello and Mycelium in bulk, it doesn't deal with users individually.
Roger Ver: The Author is suspicious that Roger knows about Coinapult & CryptoCapital (Roger is an investor in Coinapult), the Tether mechanism used to "LOCK" bitcoin/dash holdings, and converted his 40k BTC into BCH to get out of the loop. The Author thinks so because Kraken (an exchange where Ver was an early investor) did business in the past with the Cryptocapital and because Ver has a stake in Safello so must be aware of the LOCK feature integration. The Author also mentions Roger's "somewhat confused" reaction when asked about Tethers in his recent AMA. In other words, the Author says Roger knows more than he says and this is one of the reasons he got out of bitcoin.
Author's Conclusion: If in a market crash the millionaires using the LOCK feature of Coinapult head over Coinapult to claim the locked value of their investments, they are probably not going to back the initial value (because they have been converted into tethers and not all tethers are backed by usd) but can hope at most to get back the initial coins they deposited. Also this can happen only if the coins have been kept safely in Bitfinex's vaults (bitfinex issues Tethers to Coinapult/Cryptocapital)
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

is coinapult locks no longer available?

i've recently come into a decent amount of bitcoin as a result of some fortunate sports betting, but it's a tough time for a BTC newbie to know what to do about timing the conversion from USD to BTC and so forth.
in a prior post, someone recommended the LOCKS system by Coinapult, which sounded pretty awesome. But... after transferring some BTC there, it appears that feature has been replaced by buying/selling BTC with cryptocapital. To my understanding, that is no different than using something like Circle, right? (Well, i guess a difference might be that you don't have to convert your entire balance to USD or BTC, which has merit if you want to use a method similar to dollar-cost-averaging to try to lessen the risk from volatility).
Is my understanding correct? Why would one still use Coinapult over something like Circle or Coinbase? Does anybody have experience using Coinapult with cryptocapital?
submitted by thesocalnetwork to Bitcoin [link] [comments]

Okcoin.com vs Bitstamp

Here’s the next step in my journey to finding the best way to trade BTC/USD: analysis of Okcoin.com (one of the exchanges with the most action) vs. Bitstamp (a recently-hacked but widely used exchange).
Once more I’m scoring based on three factors: Cost, Speed, and Safety. After analyzing BTS and OKC, I think I’ll add a fourth: Functionality.
Cost:
(I conducted a similar round trip to the one on my last comparison Bitreserve vs. Coinapult. Bitreserve won that round by a mile.)
I set a 0.1BTC market sell order on both exchanges. Then I sold the resulting dollars with another market order. You can check out the screenshots here
OKcoin BTC=>USD=>BTC Roundtrip: I had some crazy remaining balance issues with OKC because they don’t make it easy to trade exact amounts, and I still have some $0.1041 in USD in my OKC wallet, I’ll have to manually account for this (more on this on this later).
BTC=>USD: 0.1 BTC transferred at a rate of 291.09 USD / BTC = USD 29.109 credited (USD 0.0584 commission). USD=> BTC: USD 29.109 transferred to BTC at a rate of 291.14 USD/BTC = 0.0997BTC (BTC 0.0002 commission). Total Cost OKC: BTC: 0.0003 (0.3%)
Bitstamp BTC=>USD=>BTC Roundtrip: BTC=>USD: 0.1 BTC transferred at a rate of 289.70 USD / BTC = USD 28.97 credited (USD 0.08 commission). USD=> BTC: USD 28.97 transferred to BTC at a rate of 291.97 USD/BTC = 0.099355 BTC (USD 0.08 commission). Total Cost BTS: BTC: 0.00075 (0.75%)
OKC is half the cost of BTS and by far the cheapest exchange I’ve used. But I’ve got some real questions about how they operate within China’s legal system (more on that later too, under “Security,” because the cost savings don’t add up to much if the PRC government shuts down OKC and confiscates all their client funds).
Speed:
Because I only used market orders my BTC and USD sales were executed very fast on both exchanges. But if it were any other type of order or aven a larger order, the size of the market in the exchange would impact the speed and cost of the trade. One way to calculate the market size of an exchange is by its volume or the amount of BTC traded daily. According to exchange war OKC has a volume of about 28,000 + BTC daily while BTS has a mere 7,000 so Okcoin.com is probably a bit faster. But are those numbers accurate?
Functionality:
OKC has some cool features like, trail orders,trigger orders, TWAPs, and iceberg orders, and futures. BTS sticks to the more basic exchange functions like market order, stop order, and limit order, which is not bad if you’re a novice trader and want to keep it simple.
A thing I dislike about OKC is that whenever you place an order to buy or sell BTC you sort of have to take out a calculator to subtract the exchanges fee from your order. Because of this I have a remaining balance on my OKC account. It’s pretty annoying and feels like i'm being cheated out of my money. An exchange that deals with this pretty well is again Bitreserve, whenever you don’t have sufficient balance on a card to place an order the service will automatically help you re-adjust the amount.
Security:
So there’s still the last SAFETY factor, because price and speed don’t matter if the exchange gets hacked and all your BTC and Fiat gets stolen. Another aspect we have to talk about is how exchanges keep your fiat whenever you sell your bitcoin.
In case you don’t know, the way Bitcoins get stolen is pretty basic, hackers either hack your account or they hack into the exchanges hot wallet and just empty it (this happened at BTS recently).
OKC has a huge share of the bitcoin exchange market and I assume top players have gone through a thorough inspection of their security protocol.
What they basically do is: Cold store the bitcoin in addresses that have never touched the internet. Take strict measures about how the people in charge of cold storing the bitcoin and safe keeping those cold wallets on banks do their job.
Since their reportedly $5mm attack on their hot wallet BTS has implemented new security measures. They now use multi-sig (multi signature) technology provided by Bitgo. Bitgo’s 2-of-3 signature address provides BTS users a pretty safe wallet to keep their bitcoin. Although the exact details of Bitgo's and Bitstamp's integration are undisclosed (for obvious reasons) all you need to know is that withdrawing funds from the 2-of-3 address requires at least 2 of the 3 keys to sign. Find out more here.
Another risk is what the exchange does with the fiat in your account when you sell bitcoin. This part is pretty straight forward, the exchange has to have a bank where they keep the fiat people buy and from which they receive credit card payments from clients and reflect the balance on their accounts. BTS keeps their dollars at these two Slovenian banks: Raiffeisen Banka d.d. and Gorenjska Banka d.d. The bank (or banks) OKC uses to receive deposits is Barclays Bank Mozambique SA. FYI the reason their bank is off shore is because Chinese banks are not allowed to deal with any currencies except Yuan and they can’t have direct contact with bitcoin exchanges.
This talk by Zhang Weiwu, a top Chinese bitcoin columnist (whose predictions for the future of bitcoin have been spot on) helped me understand China's bitcoin panorama. The big take-away of Zhang’s talk for me is that the Chinese bitcoin industry is UNCERTAIN: either the government shuts it down because its growing uncontrollably fast or they adapt to it because they want to catch up on the rest of the world. Either way, OKC is playing a dangerous game of navigating around PRC bank regulations.
Wrapping up, OKC came on top of BTS on the price and speed comparison. As for functionality, it really depends on what you’re looking for. If you’re a serious trader I would recommend you take your biz over to OKC. If you just want to dabble or get started you should start on BTS. As far as the safety factor goes, BTS wins that one until there’s more clarity from the PRC bigshots.
So...
Cost--Ok Coin wins. Functionality-- Ok Coin wins. Speed-- a tie. Security-- Bitstamp wins since their ecosystem is a lot more friendly towards bitcoin, even with the recent hack and have no proof of solvency.
Following a Uefaesque point awarding system: − 2 points awarded for a win − 1 point awarded for a draw − 0 points awarded for a defeat
OKcoin wins 5 points to 3!
At the end I’d like to leave it to your better judgment to decide, you have all the facts to make an objective decision on which of these exchanges to use. As far as I’m concerned there is still room for exchanges to innovate and make strides to making the virtual currency world safer. An example of this would be Bitreserve’s real-time transparency. I’d like to see Bitstamp and OkCoin provide real-time proof of solvency and liquidity like Bitreserve does.
Till the next time,
mr.bitsy
submitted by mrbitsy to BitcoinMarkets [link] [comments]

Mycelium Wallet for Android v2.5 and some news

Mycelium Wallet for Android v2.5 is finally out after a long long time in beta. Some major new features in this one!
Ledger and Coinapult are our most exciting features this time. We hope that now that users are able to lock their account value to the value of USD, those who were worried about using Bitcoin due to high volatility (such as merchants in areas without access to BitPay type services) will now be willing to give Bitcoin a try. Who knows, maybe it'll finaly give some competition to MPesa. And Ledger adds a much more affordable option for those who wish to use a more secure dedicated hardware device for storing their Bitcoin savings. Also, don't forget, our European users can already send to SEPA accounts directly from within the walle, too, using Cashila. That feature isn't really obvious, since it only shows up if you register for a Cashila account, but let's you pay your bills or transfer money to friends and family right from your wallet.
We also have some news (in case it was missed earlier). Mycelium managed to raise some funding, and is in the process of hiring developers:
https://coinality.com/jobs/front-end-developer-android/ https://coinality.com/jobs/front-end-developer-ios/
We recently hired a new backend developer, and senior developers for iOS and Android. I have moved from a Community Manager to a Product Manager for the wallet (I'll still be doing community managing though). And we also have some BIG changes planned for our wallet. Much of the wallet will be redesigned from scratch, and the main changes you will see are:
These changes won't come quickly, unfortunately, and we will keep updating our old wallet in the mean time, but we'll keep you updated on our progress.
submitted by Rassah to btc [link] [comments]

Okcoin vs.Bitstamp

Here’s the next step in my journey to finding the best way to trade BTC/USD: analysis of Okcoin.com (one of the exchanges with the most action) vs. Bitstamp (a recently-hacked but widely used exchange).
Once more I’m scoring based on three factors: Cost, Speed, and Safety. After analyzing BTS and OKC, I think I’ll add a fourth: Functionality.
Cost:
(I conducted a similar round trip to the one on my last comparison Bitreserve vs. Coinapult. Bitreserve won that round by a mile.)
I set a 0.1BTC market sell order on both exchanges. Then I sold the resulting dollars with another market order. You can check out the screenshots here
OKcoin BTC=>USD=>BTC Roundtrip: I had some crazy remaining balance issues with OKC because they don’t make it easy to trade exact amounts, and I still have some $0.1041 in USD in my OKC wallet, I’ll have to manually account for this (more on this on this later).
BTC=>USD: 0.1 BTC transferred at a rate of 291.09 USD / BTC = USD 29.109 credited (USD 0.0584 commission). USD=> BTC: USD 29.109 transferred to BTC at a rate of 291.14 USD/BTC = 0.0997BTC (BTC 0.0002 commission). Total Cost OKC: BTC: 0.0003 (0.3%)
Bitstamp BTC=>USD=>BTC Roundtrip: BTC=>USD: 0.1 BTC transferred at a rate of 289.70 USD / BTC = USD 28.97 credited (USD 0.08 commission). USD=> BTC: USD 28.97 transferred to BTC at a rate of 291.97 USD/BTC = 0.099355 BTC (USD 0.08 commission). Total Cost BTS: BTC: 0.00075 (0.75%)
OKC is half the cost of BTS and by far the cheapest exchange I’ve used. But I’ve got some real questions about how they operate within China’s legal system (more on that later too, under “Security,” because the cost savings don’t add up to much if the PRC government shuts down OKC and confiscates all their client funds).
Speed:
Because I only used market orders my BTC and USD sales were executed very fast on both exchanges. But if it were any other type of order or aven a larger order, the size of the market in the exchange would impact the speed and cost of the trade. One way to calculate the market size of an exchange is by its volume or the amount of BTC traded daily. According to exchange war OKC has a volume of about 28,000 + BTC daily while BTS has a mere 7,000 so Okcoin.com is probably a bit faster. But are those numbers accurate?
Functionality:
OKC has some cool features like, trail orders,trigger orders, TWAPs, and iceberg orders, and futures. BTS sticks to the more basic exchange functions like market order, stop order, and limit order, which is not bad if you’re a novice trader and want to keep it simple.
A thing I dislike about OKC is that whenever you place an order to buy or sell BTC you sort of have to take out a calculator to subtract the exchanges fee from your order. Because of this I have a remaining balance on my OKC account. It’s pretty annoying and feels like i'm being cheated out of my money. An exchange that deals with this pretty well is again Bitreserve, whenever you don’t have sufficient balance on a card to place an order the service will automatically help you re-adjust the amount.
Security:
So there’s still the last SAFETY factor, because price and speed don’t matter if the exchange gets hacked and all your BTC and Fiat gets stolen. Another aspect we have to talk about is how exchanges keep your fiat whenever you sell your bitcoin.
In case you don’t know, the way Bitcoins get stolen is pretty basic, hackers either hack your account or they hack into the exchanges hot wallet and just empty it (this happened at BTS recently).
OKC has a huge share of the bitcoin exchange market and I assume top players have gone through a thorough inspection of their security protocol.
What they basically do is: Cold store the bitcoin in addresses that have never touched the internet. Take strict measures about how the people in charge of cold storing the bitcoin and safe keeping those cold wallets on banks do their job.
Since their reportedly $5mm attack on their hot wallet BTS has implemented new security measures. They now use multi-sig (multi signature) technology provided by Bitgo. Bitgo’s 2-of-3 signature address provides BTS users a pretty safe wallet to keep their bitcoin. Although the exact details of Bitgo's and Bitstamp's integration are undisclosed (for obvious reasons) all you need to know is that withdrawing funds from the 2-of-3 address requires at least 2 of the 3 keys to sign. Find out more here.
Another risk is what the exchange does with the fiat in your account when you sell bitcoin. This part is pretty straight forward, the exchange has to have a bank where they keep the fiat people buy and from which they receive credit card payments from clients and reflect the balance on their accounts. BTS keeps their dollars at these two Slovenian banks: Raiffeisen Banka d.d. and Gorenjska Banka d.d. The bank (or banks) OKC uses to receive deposits is Barclays Bank Mozambique SA. FYI the reason their bank is off shore is because Chinese banks are not allowed to deal with any currencies except Yuan and they can’t have direct contact with bitcoin exchanges.
This talk by Zhang Weiwu, a top Chinese bitcoin columnist (whose predictions for the future of bitcoin have been spot on) helped me understand China's bitcoin panorama. The big take-away of Zhang’s talk for me is that the Chinese bitcoin industry is UNCERTAIN: either the government shuts it down because its growing uncontrollably fast or they adapt to it because they want to catch up on the rest of the world. Either way, OKC is playing a dangerous game of navigating around PRC bank regulations.
Wrapping up, OKC came on top of BTS on the price and speed comparison. As for functionality, it really depends on what you’re looking for. If you’re a serious trader I would recommend you take your biz over to OKC. If you just want to dabble or get started you should start on BTS. As far as the safety factor goes, BTS wins that one until there’s more clarity from the PRC bigshots.
So...
Cost--Ok Coin wins. Functionality-- Ok Coin wins. Speed-- a tie. Security-- Bitstamp wins since their ecosystem is a lot more friendly towards bitcoin, even with the recent hack and have no proof of solvency.
Following a Uefaesque point awarding system: − 2 points awarded for a win − 1 point awarded for a draw − 0 points awarded for a defeat
OKcoin wins 5 points to 3!
At the end I’d like to leave it to your better judgment to decide, you have all the facts to make an objective decision on which of these exchanges to use. As far as I’m concerned there is still room for exchanges to innovate and make strides to making the virtual currency world safer. An example of this would be Bitreserve’s real-time transparency. I’d like to see Bitstamp and OkCoin provide real-time proof of solvency and liquidity like Bitreserve does.
Till the next time,
mr.bitsy
Edit: The paragraph on Bitgo multi-sig might have been unclear. Edit: Specified that I used okcoin.com. Edit: Found a bank Okcoin uses. Edit: Reasons for my conclusion.
submitted by mrbitsy to Bitcoin [link] [comments]

Merchants can already use bitcoin without volatility through services like Bitpay & Coinbase. Services need to launch that solve volatility for the consumer. If we can separate volatility from the transaction network, it will be usable to more people.

Bitcoin is three things:
Early on, transaction companies like bitpay & coinbase show that it's possible for merchants to selectively use the parts of bitcoin that interest them most. While some choose to hold a percentage of their bitcoin sales in bitcoin; most choose to simply use bitcoin as an upgraded and cheaper paypal.
Because these services have made it possible to selectively use parts of bitcoin you want to use, merchants have had an easy time adopting bitcoin as a transaction network.
I think we need the same tools for consumers.
I love bitcoin and currently use it for getting discounts at various locations and websites (I only spend BTC when there is a discount over USD -- which is often). My friends and family find this very cool and want me to teach them how to get similar discounts by using bitcoin.
Yet there is a catch.
It takes awhile for them to purchase bitcoin because of coinbase's delays thus when they buy $50 worth of coin to make a few purchases; it may not be enough when they actually make the purchase later on. Some friends have bought more than they needed to prevent this and either gained money or lost money -- an experience that wards off others. Thus the savings are hard to predict beforehand making the whole experience not worth doing (since they were doing this to save money).
They are still interested in using bitcoin to send money quickly and use the new services, apps, and discounts that come out every day -- yet they want a more stable platform to "play" and experiment from.
Coinapult's LOCKS and the BitReserve are a great start to what I think needs to happen next in bitcoin. If we want more consumer adoption to happen, we need more platforms for people to test the waters the same way we provide for merchants.
Let's keep dissecting bitcoin into different parts so people can voluntarily choose which parts they want to use.
submitted by ForestOfGrins to Bitcoin [link] [comments]

Bitwage -> Bitreserve -> Gateways: Bitcoin is ready for the (savvy) Unbanked

I was playing around with Bitreserve & Coinapult today and was blown away by what's already offered. These services are just in their infancy and already can be integrated with the existing bitcoin infrastructure.
Let's say you are a low-income worker without a bank account
Why don't you have a bank account?
Yet by not having access to a bank, you must compensate by:
Let's say you have a smartphone and are savvy enough to piece together existing bitcoin services
  1. Get your wage switched from checks to bitcoin via bitwage
  2. Forward bitcoin payments to your USD wallets on Coinapult/Bitreserve.
  3. Send money to people via email or standard bitcoin payments
  4. Use bitcoin gateway solutions to spend your bitUSD in the real world (ex: Rent gateways, Gift Cards, Bitcoin ATMs, Bitcoin debit cards, online shopping, etc.)
This is by no means a cakewalk
Yet for a savvy individual with access to the internet (yet no bank account), there now exists a legitimate way to use bitcoin. Bitcoin is becoming less of a privilege for those with excess money to experiment and more utilitarian for the people who need it most.
Plus, with this modular model, there is so much room for competitive services to solve problems. And in this ecosystem, the problem solvers affect the world (not just those with bank accounts).
submitted by ForestOfGrins to Bitcoin [link] [comments]

Traders are the most at risk.

Today bitcoins biggest use case is speculation, making trading a huge part of its usage.
If traders cannot trade in and out of btc because of full blocks it renders that usecase moot leading to a huge number of users giving up trading. Causing a potentially huge drop in demand and therefore in price, damaging reputation etc etc.
I use mycelium android, I have a coinapult usd account linked, As the price falls I hold in usd as the price rises I hold in btc.. Thats the extent of my trading. But for that to work i need to be sure that my transaction from mycelium to coinapult goes through otherwise I loose money!
Full blocks prevent the average person from hedging against bitcoins volatility. Finally average people have the ability to hold btc and hedge reducing their volatility exposure, and full blocks are taking that feature away.
Full blocks will effect bitcoins largest use and drive that market away effectively reducing adoption in a massive way.
For me full blocks mean reduced trading, reduced adoption and a falling price as a consequence..
Long term the price cannot grow while velocity is limited!
submitted by slvbtc to Bitcoin [link] [comments]

Join #TeamHal & #Give100% w/#Bitcoin to the Hal Finney Bitcoin Fund for ALS Research BitcoinShow - YouTube Bitcoin Text Message Patent Issued [Bitcoin News Today] Mycelium interviewed by Bitcoin Kid Coinapult Locks Electrum plugin demo

Coinapult shall provide two main services: (1) Bitcoin wallet services and (2) the advanced wallet service in accordance with the terms set forth below. WALLET Regular Wallet. Coinapult will allow you to create a Bitcoin wallet within its system solely by accessing its website and clicking in the link referencing the creation of a wallet. This ... About Coinapult Wallet. The Coinapult Wallet team has been building Bitcoin technology since 2011, providing a secure and easy way to use the Bitcoin platform for everyone – from the newcomer to the seasoned bitcoin veteran.. In 2015, Coinapult integrated with licensed financial institution, Crypto Capital, in order to bring seamless, bitcoin-friendly banking to the users and business partners. Coinapult charges no fees for using the locking service, and does not sell bitcoin to consumers. At the point a user locks in a value or unlocks the value of their BTC, Miller explained, Coinapult ... About Coinapult Panama-based Coinapult makes Bitcoin easier to access for both consumers and businesses. Coinapult was the first service for sending bitcoin via SMS and email, and has been one of the longest-operating Bitcoin sites. With its new easy-to-use wallet and Locks™ technology, the company continues to pioneer unique tools that expand the functionality of Bitcoin for the benefit of ... Coinapult is a bitcoin wallet which has been established since 2012 giving it a long-standing career in the cryptocurrency industry. They offer a number of different services including brokering, market making, and applying bitcoin to business as well as the wallet service. The wallet supports both Bitcoin and Dash and through a partnership with Crypto Capital, they have support for exchanging ...

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Join #TeamHal & #Give100% w/#Bitcoin to the Hal Finney Bitcoin Fund for ALS Research

Skip navigation Sign in. Search Mycelium interviewed during May 17-19, 2013 Bitcoin conference in San Jose, CA. Learn more about Mycelium at: mycelium.com The Bitcoin Kid has just become the youngest author ever to publish a ... Profit when the bitcoin price drops: http://www.jameswinsoar.com/short-bitcoin/ INTUIT (Mountain View, CA) have just been awarded a patent for sending bitcoi... In his memory and in support for finding a cure, Jason King of Sean’s Outpost, Erik Voorhees, Co-Founder of Coinapult, Roger Ver, BitPay, and the Bitcoin Foundation have collaborated to provide ... Coinapult USD-Lock Account with Mycelium - Duration: 0:57. Coinapult 25,849 views. 0:57. How to store crypto - Hardware wallet, Paper wallet, ...

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