My journey into crypto
Hello Ladies and Gentleman, today I will like to share my experience and journey into crypto. I first heard about Bitcoin back in 2017 when it was beginning to spread on main media and social media platforms such as CNN and Facebook.
To be honest I didn’t pay too much attention to it since I had so much going on in my personal life and basically had my mind focused on just working hard to pay the bills and put food on the table and save as well.
Early this year the news about Bitcoin was literally everywhere it was hard to resist not paying attention to it since the covid 19 pandemic had made it possible to for me to have some time to really understand what Bitcoin and crypto currency was all about. Also being made redundant due to the pandemic made me realize, working hard alone will not help sustain me if I don’t start working smart. So when I heard investing into Bitcoin was a way out and even better than saving all my hard earned money in the bank that gave me less interest back.
What rang bells in my head was that back in 2017 Bitcoin was $2000 and was now $50,000 . I was like oh my God , if I only had invested and bought 3 Bitcoins then I would have about $150,000 right now.
Also the fact that Bitcoin was created as digital cash system to remove the third party intermediaries that are traditionally required to conduct digital monetary transfers by banks and other financial institutions. Third parties incur significant costs for conducting these services, these costs are then passed on to end users and can restrict transactions below a certain size. In short, banks, card associations (like Visa), and other large incumbents own today’s electronic payments system and impose a lot of fees.
Anyway long story short, I started investing in March and bought my first set of Satoshi’s (Satoshis are the smallest original subunit of Bitcoin) and since then have discovered and also invested into other crypto currency’s such as Etherum, Cardano and Binance coin.
Bitcoin is seen as a first-generation cryptocurrency, and Etherum , Cardano and Binance coin are generally considered a second-generation.
So far so good I can say it’s one of the best decisions I have made so far. I am able to stake and receive passive income on my crypto with good interests on the *****Binance***** exchange platform. Now I am in the position to not miss out when Bitcoin gets to $100,000 or $1 million 😊.
https://accounts.binance.com/en/register?ref=110082483
Thanks for reading Guys .
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What do you think about crypto currency’s?
Kindly please Share your thoughts in the comment section below this post. Thanks 😊
6 Reasons Why You SHOULD INVEST in CRYPTO.
Hi Guys , if you're still not convinced of what opportunities crypto has to offer well get ready because I am about to spell it out for you. Today I am going to share 6 reasons why you should invest in cryptocurrency.
There's no doubt about it crypto is making big waves, you probably been hearing more and more about it on the news or heard people talking about it more but there are those who've been just reading the headlines and discussing it while others are getting busy to work on becoming part of this revolution and grabbing the huge opportunities.
(1) ****It'll be the main currency in the future****
one thing the economic crisis of 2008 showed us is that traditional banking systems are flawed and it's been confirmed in 2020 in the need for viable alternatives and that's exactly what crypto offers a secure decentralized form of banking that takes governments and banks out of the equation and the crazy thing is even banks realize it, just listen to what germany's Deutsche Bank have to say in their imagine 2030 report, they talk about how fragile the traditional money system is, and that by the year 2030, 200 million people will be using digital money and by then traditional money will be already on the way out and it's not just Deutsche Bank, Twitter's Jack Dorsey has said he believes Bitcoin will eventually become the world's single currency. Elon Musk has stated that crypto is a far better way to transfer values. In a piece of paper China state TV has called blockchain the technology that makes crypto possible 10 times more valuable than the Internet.
(2) ****You need to get familiarized with the technology****
it's the biggest technological invention since the Internet, the speed with it you're behind but the good news is you're still in time to start playing catch up just like in the 90s when the Internet was taking off, there were those who resisted adapting to it and there will be those people with the blockchain and crypto revolution but do you really want to be one of them and just like we now rely on the Internet for information and communications it's soon going to be the same for financial transactions using blockchain, so if you're not familiar with using it yet now is the time what are you waiting for.
(3) ****You will position yourself better for opportunities in this space****
Sure you can make and receive payments with a crypto account. You can use it to save but there really big opportunities come with investing in crypto, just take a look at Bitcoin, if you invested $100 in it just five years ago by now that $100 would be worth $2500 , and really early with that $100 ten years ago it would be worth 1.9 million. The price of Bitcoin is still set to keep going on up sure with clips here and there and to be fair probably not as dramatically as it did before other cryptocurrencies like Ethereum, Litecoin, Bitcoin cash and Cardan. They also have huge potential to grow and bring great returns to savvy investors but to know which points to invest in you need to get educated and get some experience. Don’t waste anytime, now is the time to get crypto savvy and learn to grab the opportunities because you can be sure there are huge opportunities.
(4) ****It's a solid alternative for saving your money****
We've already talked about crypto as a long term upward trend let's compare that with regular money if you took $100 in cash buried it and waited for 10 years, $100 in cash for ten years the amount you could buy with it a decade later could be a lot less than when you put it in the ground because of inflation and leaving it in a bank account isn't going to be much better, if at all because of the interest rates and bank accounts which vary from zero to extremely low.
*****Disclaimer*****: yes crypto is more volatile than most currencies largely because it's still new and gaining traction like at the start of 2018 when the price of Bitcoin tanked but remember it's more or less recovered since then and its upward trend is likely to continue and went out on any volatility and that's what makes it such a great option for long term saving, something that will beat any interest rates Banks can give you.
(5) ****You're safe from inflation****
So we were just talking about inflation now let's spell it out in full. The problem with traditional money is, it's always going down in value and this isn't by accident governments and central banks do it on purpose especially when there is a financial crisis just like the one in the year 2020, at times like these there's a shortage of money and governments tried to get around it by printing more, in fact 22% of all dollars that exist today were created in 2020 when the Federal Reserve injected $2 trillion into the economy. Making money appear out of thin air might sound pretty neat until you figure out the catch, there might be more money but the amount of goods and services it's chasing stays the same and the value of the money goes down compared with the value of those goods and services and that is what we call inflation, that's why smart people trust gold more than money because when there is an economic crisis new gold doesn't just magically appear out of nowhere and it holds its value and Bitcoin and other cryptos just like gold don't get created as a short term fix to financial problems that means that crypto also holds it value and its inflation proof
(6) ****It's way easier to get into crypto than you thought****
Just in case you thought you needed a PhD in programming crypto I can tell you now you don't. A smart phone with Internet access will do nicely, in fact crypto is way easier to get into than most traditional investments. First because it has got high liquidity that you can buy and sell easily and quickly, second there isn't a high threshold to getting into it, for stocks and bonds usually you need to put a large sum of money in. Just put down as little as 20 bucks with crypto to start with.
Binance is an exchange I use personally to invest into crypto.
Creating an account is easy. Just follow this **link** and register. https://accounts.binance.me/en/register?ref=110082483
Thanks for reading!
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Know The Difference between BTC, BCH and BSV.
Hi Guys, just a quick read. Today I am going to share my knowledge about the difference between BTC, BCH and BSV.
From what I have researched so far, since my journey into cryptocurrency and blockchain this is what I have been able to gather and put together.
Okay lets jump right into it.
In 2017 and 2018, the cryptocurrency world was shocked when the Bitcoin community split into three factions due to scaling and protocol disputes: Bitcoin Core (BTC), Bitcoin Cash (BCH) and Bitcoin SV(BSV).
With three Bitcoin factions in the market today, it is no wonder that newbie investors are getting confused as to which one to invest in. This article will present a comparison of the three and their current status for readers to gain a clear delineation between them and help them decide which one to place their trust in.
**BTC and BCH Today**
While BTC maintains its position today as the cryptocurrency with the highest price and market cap, its block size has remained at 1MB with a maximum capacity of processing only seven transactions per second. Because of this, it has become unprofitable for everyday users to do business with BTC. It also has no utility because it is not possible for developers to build applications on the BTC blockchain.
BCH, with its 32MB block size can process up to 60 transactions per second, which still does not provide enough transactions to act as a global payment system. Businesses also cannot trust the BCH protocol to develop applications on top of its blockchain due to its frequent protocol changes. Moreover, it has become known to create “darknet/terrorist offline cash.” With these controversialfeatures and frequent changes to the protocol, BCH once again forked in the latter part of 2020, which further proves its instability.
**Bitcoin SV**
Bitcoin SV, with SV standing for the protocol developers that believe in Satoshi’s Vision, stayed true to their goal of restoring the original Bitcoin design by creator Satoshi Nakamoto, later known as nChain Chief Scientist Dr. Craig S. Wright. In February 2020, Bitcoin SV launched the Genesis Upgrade, which served to bring back the set-in-stone Bitcoin protocol as close as possible to the original. The upgrade also unlocked the Bitcoin blockchain’s potential for unbounded scalability—meaning its block size cap of 2GB will increase rapidly—and created a professional-grade security never before seen in digital currency history. Furthermore, Bitcoin SV implemented Dr. Wright’s vision of Bitcoin being “**honestmoney**,” making all transactions valid within the law.
With a stable protocol and a blockchain that has unlimited block sizes, software developers can now build various applications on top of the BSV blockchain. Real estate, healthcare, social media and online gaming are only a few of the industries who will benefit from having real-time access to global data. In the same way that the Internet has made everything online, Bitcoin SV will also make everything on-chain.
****Is BTC, BCH or BSV a good investment?****
In my opinion all can be profitable investment options, but my personal choice is Bitcoin Cash BCH.
Thanks Guys for reading!
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What Binance Did To Cardano (ADA)That Is Going To Make it hit $25.
Cryptocurrency and Blockchain Technology has always been volatile yet ever evolving. Since its inception Cardano has proven to be a strong contender for a positive future, its founder Charles hoskinson who is also a co-founder of ethereum has steadily been developing cardano and its ecosystem, into something constantly better than it used to be. He has been stead fast in his development and in his confidence in Cardano’s Ada.
Cardona’s last update with its algorithm was the MARY update earlier in 2021 which was an improvement supported by the trading platform **Binance** and the latest one that was caught on the radar update which was recently confirmed on the 13th of August.
https://accounts.binance.me/en/register?ref=110082483
•We're going to be looking at what **Binance** has said in support of cardano updates are and what influence Binance by now has in the world of crypto. https://accounts.binance.me/en/register?ref=110082483
•We're also going to be looking into the much anticipated Alonzo updates that puts Cardano on a bright path for the success of its ada coin, thank you for clicking on my article.
**Binance** is one of the largest coin exchange platforms in the world. Over the years it's made itself known as a highly reputable brand with a wide user base running with the promise of delivering high standards of safety security and reliability. https://accounts.binance.me/en/register?ref=110082483
**Binance** is known for its multi tiered framework that always allows its users high processing throughputs, with the algorithm being able to handle into $1.4million orders per second. With Binance being one of the biggest exchange platforms it's no doubt that having Cardano on the platform allows it to reach more users every day. https://accounts.binance.me/en/register?ref=110082483
Since the launch of cardano in 2017, we've seen this crypto assets steadily climbed the ranks keeping within the top ten cryptocurrencies. **Binance** platform is very comprehensive covering the trade of over 500 coins, almost all the coins on the market which makes it incredibly user friendly and universal to use it is worth mentioning that finance has its own native coin BNB, which has been steadily holding in place at the top ten cryptocurrencies as of today.
The amazing thing about binance is that while they also have their own coin,they don't waver in support of coins that they see potential in, this instance strong and confident supporting Cardano and it's Mary updates that were set for completion in March of 2021 . With Binance itself being a lead player in the crypto world Its support for cardano is sign for Ada’s positive future. These factors make it more assuring for investors trading on the binance platform and for those who keep Cardano’s Ada within that radars. https://accounts.binance.me/en/register?ref=110082483
Earlier I mentioned that the long awaited update for cardano, following the Mary updates was recently confirmed. The Alonzo hardfork is something that investors have been particularly interested in. It is the cardano ecosystem integrates its smart contract functionality.
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**Why is the Alonzo updates important or why are investors anticipating its release, why are some speculating that Cardano will hit $25.**
I mentioned earlier that the Mary upgrade was the second of three major Cardano updates, the final update succeeding this is the Alonzo upgrade which creates a framework and provides additional tools to facilitating smart contract functionality using Plutusw , using plutus for the development of smart contract paves the way for better sustainability and security for future decentralized applications. Cardano’s Shelly era was implemented last year when we saw coin token locking abilities launched with the Allegra hard fork in December 2020.
Following this we Cardano take its next big step with this successful very hard fork in March 2021, which took the Cardano Ledger from a single asset blockchain to a multi asset one. These moves done by cardano were instrumental in bringing the crypto asset ecosystem closer to the Google era.
Right now Cardano users are able to utilize that custom tokens with the freedom of creating and transferring them however they wish. This has been a game changer for cardano, as it can handle multiple fungible and non fungible tokens, it can also now create multi asset networks and its own thanks to the late Mary updates.
One of the most interesting things about Cardano is how the hard forks and entire development road map have been completely designed from start to finish. Investors have been watching Cardano unfold and unveil its milestone updates over the past few years. And are now eagerly watching the long awaited and up coming Alonzo update, which introduces the smart contract functionality that is a part of the Google era.
We can safely argue that the Alonzo upgrade will also take this crypto asset a few steps forward and its development and growth . Every single day is a step closer to Cardano’s Alonso hard fork, which means that cardano is getting closer to its much anticipated Google era.
Soon developers will have the ability to test out decentralized applications within a testnet.
Smart contract functionality is quite fundamental in the development and growth of Cardano ,this is because once these are implemented within the system projects and developers will then be able to utilize blockchain levels they haven't been able to before.
The upgrades will then provide more services to users ,which means that everyone is likely to benefit from the wider range of possibilities and opportunities.
Cardano’s smart contracts are designed to increase convenience to users , developers , companies and businesses all while maintaining a high standard of security and quality. Cardano’s Alonso upgrade will make available a whole variety of solutions and applications from Defi apps, NFT services, crowdfunding , decentralized exchanges ,blockchain based remittances and more .
Vechain Technology is transforming the supply chain sector.
Vechain technology was developed mostly to address insecurities faced by many business and enterprise owners, more specifically in a transaction process.
It is divided into three sections. These are real-time supply chain tech, cryptocurrency, and the Vechain platform. The developers of Vechain have also used distributed ledger technology (DLT) to improve the product life cycle management and supply chain protocols. Vechain provides businesses with the opportunity to track a large amount of data and can be bought using trading pairs.
One feature that differentiates Vechain from other technologies is the fact that, it has the ability to blend centralisation with decentralisation. This provides users with high speed transfers, transparent information flows, and efficient collaboration.
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****The advantages of using Vechain over other crypto technologies****
Adding to the combination of centralisation with decentralisation, Vechain has several other desirable advantages that help the supply chain industry. One such advantage is Radio Frequency Identification.
With the adoption of Radio Frequency Identification sensors and tags, Vechain is able to track essential data while it’s being transferred. Factors such as temperature, location, and shipment movements are broadcast across the Vechain blockchain. This means that shipments of supplies are less likely to go missing.
Another advantage that helps Vechain make a massive impact on the supply chain sector is its use of the Internet of Things and DLT technologies. The first to adopt both technologies, Vechain uses IoT to comprise all of the smart device networks used globally. The Internet of Things, as well as DLT, also allows for the movement of a large chunk of data from one user to another.
Vechain also uses the dual token strategy. While not an advantage as such, this strategy works by turning tokens into digital cash when Vechain is purchased. This cash can then be spent on the Vechain platform itself or for paying for network services. However, it is essential for users to have a number or the Vechain token to fully be able to track their supply chain operations successfully.
In my opinion Vechain is a good cryptocurrency project to invest long term.
You can buy, trade or stake Vechain on **Binance** . https://accounts.binance.me/en/register?ref=110082483
Huge Etherum pump killed the resistance , ETH to the moon 🚀 , this bull run 📈
Make money on Binance with P2P trading. 💰💰
Binance P2P trading is a haven for many who want to make money online from their home with a smartphone or computer.
Only in 2020, it processed $7 billion worth of transactions made through 3.8 million orders!
Now, if that doesn’t sound like a big deal, you tell me what does.
P2P Trading is a kind of trading where crypto buyers and sellers meet and perform transactions without the help of a third party.
Hence, the name Peer-to-Peer or P2P for short.
Think of it as when you follow up a merchant’s advert on Twitter or Facebook to make a purchase.
You don’t need anyone to help you talk to the merchant.
Once he receives his payment, the item will be delivered to you, or vice versa, depending on your agreement.
P2P trading is slightly different though.
The P2P platform provides some sort of protection so that both the buyers’ and sellers’ needs are met.
What happens is that the platform holds onto the seller’s crypto until he confirms that he has received payment from the buyer.
Once payment is confirmed, the crypto is then released to the buyer.
This is referred to as the Escrow System.
P2P trading enables everyone everywhere to trade crypto directly with each other, and on their own terms.
Compared to the traditional way of buying and selling crypto using an exchange, P2P trading is faster since you don’t have to monitor charts or other market aggregators.
And if you’re using Binance P2P, you can be sure of secured transactions too.
The Binance P2P platform employs the escrow system to facilitate safe transactions among users.
It supports the trading of six cryptocurrencies (BTC, ETH, BNB, BUSD, DAI, and USDT), using 60+ local currencies through over 300 payment methods.
Users can buy and or sell cryptos, browse crypto ads, or post ads of their own.
However, they must create an account with Binance and complete an Identity Verification process before they can use the platform.
Also, P2P merchants are screened to prove that they run a legal business.
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Additionally, users are expected to maximize the chat window available on the platform to clarify the terms of their trade.
Binance adopts these measures to prevent events of theft or scam.
Creating an account is easy. Just follow this link and register with your email address or mobile number. https://accounts.binance.me/en/register?ref=110082483
For the verification process, you will need a passport, ID card, or driver’s license.
Additionally, you’ll be required to upload a selfie and complete face verification.
After verifying your account, you can proceed to explore Binance P2P.
Now, you can either opt to sell or buy crypto using the website app or the mobile app.
*Let’s see the steps for each one…*
a. How to Buy Crypto Through Binance P2P on the Website
i. Log into your Binance account or create one using this link https://accounts.binance.me/en/register?ref=110082483
ii. Next you click on ‘Buy Crypto’ in the top menu and select ‘P2P’
iii. Choose the currency you want to buy. Then filter the price and payment method
iv. Now, select an ad and click ‘Buy’. Enter the amount of crypto or fiat that you need and hit ‘Buy’.
v. Confirm the details of the transaction and make payment via the chosen method.
vi. After that, click on ‘Transferred, Next’ and then ‘Confirm’.
vii. You’ll be notified when the Seller releases the crypto. If you prefer, you can select ‘Transfer to Spot Wallet’ to move the crypto to your wallet.
b. How to Buy Crypto Through Binance P2P on the App
i. Open the app and select ‘P2P Trading’ from the homepage
ii. Next you click on ‘Buy’. Select the crypto you need and choose an ad.
*You can also click on the funnel to filter the price, payment methods, or merchant ads.
iii. Enter the amount you need, confirm payment methods, and hit ‘Buy’
iv. Go ahead and make the payment then select ‘Transfer the fund’.
v. Tap the chosen payment method you used and click ‘Transferred, Next’
vi. The crypto will be sent to your P2P wallet once the sender receives your payment.
vii. If you prefer, you can go to ‘Wallets’ and move the crypto to your spot wallet.
c. How to Sell Crypto Through Binance P2P on the Website
i. Log into your Binance account.
ii. Select ‘P2P Trading’ from the ‘Buy Crypto’ menu
**The crypto you wish to sell should be in your P2P wallet. You can transfer it from your Spot wallet by selecting ‘Wallet’ from the top menu, then ‘Overview’ and ‘Transfer’*
iii. Opt to sell and select a currency. Then filter the price and payment method.
iv. Next, select an ad and click ‘Sell’. Enter the amount you need and hit ‘Sell’
v. Now wait for your payment. Upon receipt, select ‘Confirm release’ and then ‘confirm’.
vi. Once the buyer receives the crypto, you’ll be notified of a completed order.
d. How to Sell Crypto Through Binance P2P on the App
i. Open the app and select ‘P2P’ from the ‘Wallets’ tab
ii. Then transfer the crypto that you wish to sell to your P2P wallet
iii. Next, select ‘P2P Trading’ to continue.
iv. Opt to sell. Select a coin, pick an ad and click on ‘Sell’
v. Enter the amount you want to sell, select a payment method, then ‘Sell’
vi. Once you receive the payment from the buyer, click on ‘Payment received’ and then ‘Confirm’
vii. You’ll be notified of a completed order.
**Note:** if anything should go wrong as you trade, don’t fail to hit that ‘Appeal’ to get help from the support team.
We’re almost done with the steps. Keep reading to see how you can post an ad.
e. How to Post Trade Ads on Binance P2P Through the Website
i. Go to the P2P Trading page.
ii. Click on the ‘More’ tab and select ‘Post Ad’
iii. Select your ad type (buy or sell), crypto asset, fiat, and click on ‘Next’
iv. Set the ad type to floating or fixed, enter your price, trade, and time limits. Then hit ‘Next’
v. Select the payment methods and define the following:
**Remarks:** serves as a reference for users before they place the order.
**Auto reply:** the message that the counterparty will see after they place an order.
**Conditions:** determines users that can place an order.
Click on ‘Post’.
vi. You’ll be required to complete a 2FA verification after which your ad will be published.
vii. Click on ‘My Ads’ to view it. You can also edit your ad from this tab.
f. How to Post Trade Ads on Binance P2P Through the App.
i. Tap on P2P trading and click on the 3 dots to switch to advert mode
ii. Click on ‘Ads’ at the base of the page and select ‘Post Ad’.
iii. Enter a nickname and click on ‘Post Ads’ again.
iv. Tap ‘Ok’ then select your ad type (buy or sell), crypto, fiat, price type (floating or fixed), set your price, and click ‘Next’.
v. Now, set the total trading amount, order and time limits, and payment methods for your ad. Then click ‘Next’.
vi. Like before, add your remarks, auto-reply, and counterparty conditions.
vii. Next, Pass the 2FA test and your ad will be published.
viii. After your ad has been published, you can tap on the Share button to send it directly to other users.
***Note:*** *Floating price ad fluctuates with the market and is refreshed every minute while Fixed price Ads do not move with the market price of the crypto.*
Moving on, let’s see the tips that can earn you a share of those billions mentioned earlier.
*Tag along!*
5 Tips To Make Money Trading Bitcoin On Binance P2P
If you’re looking to make reasonable profits selling Bitcoin on Binance P2P then you will find the following tips helpful:
1. Set Realistic Prices
One good way to make money trading Bitcoin on this platform is to set prices that customers can comfortably buy at.
Buyers will rather patronize a seller offering Bitcoin at a fair price than the one having outrageous prices.
So, you want to stay up to date with market rates for crypto to offer a convenient price.
2. Complete Transactions
Between a user having 95.75% completion and 100.00% completion, who would you opt to trade with?
I’m pretty sure you’ll go for the latter. Completing all your transactions will help you win the trust of other users.
On the other hand, when you always cancel transactions before completion, you face the risk of losing the customers you already have.
In addition to the total number of trades you’ve completed, your percentage completion is another element that increases your trader-accolades.
Moreover, take your listings offline if you will not be available to trade for a long time.
Otherwise, buyers will lose interest in your offers over time because of delayed responses.
3. Always Monitor Your Ads
You still want to make money trading Bitcoin on Binance P2P, right?
Then you must give it the time it requires.
Monitor your trade ads consistently to know when you have a new request.
Failing to watch your trades could make you lose an opportunity to sell and make money.
Furthermore, be prompt in responding to requests.
That way, you convince buyers to make you their go-to seller for Bitcoin.
Another trick is to check newly posted ads to be sure that your offers are still obtainable.
4. Add More Payment Options
Accepting more payment options will help you attract more buyers.
For example, accepting only bank transfers will bring you buyers who wish to use that payment option.
But when you add Alipay and WeChat, you will also attract customers who prefer those options.
And the more customers you sell Bitcoin to using different payment methods, the more money you make.
BTW, why do you want to have only one payment method when Binance permits you to add up to 20?
5. Make Your Terms Super Clear
Last but not the least, you should set clear terms for your trade if you want to make money trading Bitcoin on Binance P2P.
Make sure your prospects can know your limits, trading window, and payment method at a glance.
It also helps when you communicate clearly with them while chatting on the platform.
Some traders feel reluctant to chat with their prospects. Don’t be like that.
Use as many simple words as possible to make your terms clear to your buyer.
**Bonus Tip**
Here’s an additional tip that you can run with.
Binance P2P has a comment feature that allows users to rate their trading experience and review their trade partners at the end of a P2P order.
So, encourage your buyers to give you a positive review.
This will attract more buyers and eventually more money.
*Wondering whether P2P trading is safe for you?*
Read the next section to see the risks associated with this type of trading.
**What Risks Are Associated With P2P Trading?**
Like other types of trading, P2P is not without risks of losing funds to scammers.
***Some red flags that you should watch out for are:***
**a.** When a user’s payment account details do not correspond to his identity.
He may deny receiving your money and refuse to release the crypto that you paid for.
**b.** If the buyer does not cooperate when you request a screenshot of the transfer he will make to your account**.**
Such a person probably intends to call his bank to reverse the transaction after receiving your crypto.
Thereby, leaving you without funds.
**c.** When the counterparty tries to take the transaction outside the Binance P2P platform.
For example, he may offer a discount for you to send the payment via a different payment gateway.
Don’t fall for it. I repeat, don’t fall for it!
**d.** When cryptocurrency listings and ads have ridiculously low prices.
Dear trader, if it sounds too good to be true, it probably is.
Don’t be swayed by low prices or high offers, do well to check the merchant’s records before accepting his offer.
**e.** Beware of fake credit alerts.
This is most common when the payment method is a digital currency like Neteller.
Usually, the credit alert is sent via email.
A scammer can send you a fake email to make you believe that he has made a payment so that you’ll release your crypto.
Always check the address of the email to confirm that it is from the right source.
Another option is to check your transaction history to see if there is an update of the transfer.
Also, when you are using a bank transfer, a scammer may send a fake credit alert.
Don’t depend on the evidence provided by the buyer alone; check your account balance to be sure that you have received the payment before releasing your crypto.
Gratefully, Binance put up security measures as we saw earlier to enable you to trade safely.
Moreover, you can always contact the Support team if you encounter any issues.
Let’s answer some frequently answered questions and then we can call this article a wrap.
FAQs
**What fees are charged on Binance P2P?**
Presently (5/07/21), Takers (buyers & sellers) pay zero fees but Makers (those that post ads) pay 0-0.35% fees depending on fiat markets and trading pairs.
**How do I become a verified merchant on Binance P2P?**
First, you have to apply to become a merchant.
Then you provide the required materials for your verification including Proof of:
– Identity like a passport or national ID
– Residence like utility bills
– Transaction history e.g. screenshots of successful P2P trades from other platforms
Conclusion
P2P trading is profitable especially when you use a secured platform like Binance P2P.
There is no telling how much money you’ll make from trading Bitcoin on this platform.
So, waste no further second, start here. https://accounts.binance.me/en/register?ref=110082483
And that’s all I have for you in this review. I hope you enjoyed the read. 😎🚀👍🏻
**Please don't forget to Subscribe and Like if you enjoyed this article!**
BCH’s Benefits for Businesses.
Bitcoin Cash BCH really came into existence to process a high number of transactions per second and keep the transaction costs low.
Bitcoin cash is a great way for merchants to accept crypto payments on their eCommerce store and offer a majority of benefits to both you as a merchant and your customers.
With transactions that take a few seconds to process to minuscule transaction fees, Bitcoin cash makes it a great choice for anyone looking to enjoy the benefits of blockchain and cryptocurrency.
Let’s have a look at some of the benefits you can enjoy by accepting BCH as a mode of payment.
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Low Transaction Fee
The biggest benefit of Bitcoin Cash for your business is the low transaction fee it offers. At the moment, Bitcoin cash transactions cost $0.012 which is about a cent, a minuscule amount compared to traditional card payments which take about 3% in transaction fees.
Bitcoin Cash transactions typically take a few seconds to confirm making them a much ideal choice of payment when compared to its counterpart Bitcoin.
Due to the higher block size, Bitcoin cash can accommodate much more transactions per block than Bitcoin .
While Bitcoin’s block size remains at 1MB, Bitcoin cash BCH was created with an 8MB block size which in 2018 was increased to 32MB to accommodate a higher number of transactions.
This is why Bitcoin cash is able to transaction much quicker and at a much cheaper price compared to Bitcoin btc.
No Chargebacks
Bitcoin Cash transactions like any other cryptocurrency happen over the blockchain which means that the transactions are irreversible, so, you do not have to worry about payments going back to the customers.
If a payment reversible is needed a new transaction must be sent by you to your customer.
Security
Blockchain is by far one of the most secure forms of money transfer. Using cryptography, decentralization, and shared consensus it is near impossible to manipulate or alter the transaction data.
Traditional payment methods including credit cards have been prone to cyber theft and fraud causing customers as well merchants to lose large sums of money.
Additionally, fiat payments require users to divulge their personal information in order to use its services, which adds another layer of potential risk that users face. In an instance of a data breach, cybercriminals can access the sensitive personal information of the users.
With cryptocurrency, such risks are largely mitigated, as transactions are anonymous and private. If *good* proper measures are taken, crypto can be a fairly secure way to perform everyday transactions.
Future Ready
Cryptocurrency and blockchain are the next evolution of money and payments.
Millions of customers are opening up to cryptocurrency as using it as a mode of payment. By accepting BCH you as a merchant are opening up to a much wider customer base.
Cryptocurrencies are seeing widespread adoption from companies, governments, and people alike and developments are happening at an exponential pace in this field.
Despite being merely a decade old, cryptocurrency and blockchain have seen widespread mainstream adoption.
Conclusion
Bitcoin cash does offer its users a lot of benefits the biggest ones being its *low transaction fee* and *near-instant payments,* making it an ideal choice for everyday payments.
With a growing customer base, BCH can be a good choice for merchants to add as a payment currency reaching a wider audience, which is not restricted by borders thanks to the borderless transactions that BCH offers.
If you are looking to buy Bitcoin cash BCH download it at **www.Bitcoin.com** , you do not require KYC.
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Bitcoin, Etherum, Ada, Vchain and BCH to the moon 👌🏾🚀🚀🚀🚀🚀🚀🚀
What is Cardano?
Cardano's "ADA" tokens are named after Augusta "Ada" King, a 19th-century British countess known for her work on a theoretical computation engine. She is widely regarded as the first computer programmer.
The token launched under the supervision of Charles Hoskinson, the co-founder of etherum**.**Hoskinson parted ways from his fellow co-founder Vitalik Buterin after the latter wanted ethereum to remain a non-profit project. Hoskinson, however, wanted to accept venture projects to advance ethereum. Thus, Cardano was born and remains under development by the for-profit Cardano Foundation.
Cardano is the first cryptocurrency based on a proof-of-stake network instead of proof-of-work . In PoW networks such as Bitcoin, miners are responsible for validating transactions on the public blockchain ledger by solving complex algorithmic puzzles via graphics processing units. However, the mining difficulty increases exponentially over time, so miners need to purchase more advanced GPUs as time progresses, consuming more electricity.
Anyone who had multicore central processing units (CPUs) could mine Bitcoin at about 50 per block in the early days, which should be worth about $2 million this present day. Now, however, you would need a processor that is 2.2 billion times more powerful to keep up with the mining difficulty. All of this has severe environmental implications. One Bitcoin transaction currently uses as much power as about 1.2 million Visa transactions. By the end of the century, Bitcoin's energy consumption could surpass worldwide power production.
This isn't supposed to be an issue with Cardano's PoS system. In this setup, those who own the token, known as stakeholders, validate transactions instead of miners. Large stakeholders can earn an "interest" of 6.59% per year by running a stake pool. Those with smaller stakes can also delegate their Cardano tokens to a stake pool, earning roughly the same gross return before a commission of 3.91%. But keep in mind that there are 32.9 billion Cardano tokens in circulation out of a total of 45 billion. So the inflation-adjusted return is lower less than 2%.
Investors can both earn passive income from staking and capital gains from price appreciation. At the same time, the network probably uses as much power as a town of a few thousand people compared to Bitcoin, which eats up the equivalent of the entire power supply of Chile.
The token is becoming steadily more innovative. Last year, the Cardano Foundation launched sharding for the tokens, which allows the partitioning of the network into local nodes (stakeholders). This enables faster processing times of 1,000 transactions per second per node. By the end of the year, Hoskinson plans to integrate smart contract functionality, allowing Cardano to match the utility of Ethereum.
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