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by BenFormer
Wed Aug 14, 2019 4:29 pm
Forum: Media
Topic: Can bitcoin help rebuild Venezuela?
Replies: 5
Views: 4708

Re: Can bitcoin help rebuild Venezuela?

Many Venezuelans need to renew or replace identification documents, such as birth certificates and passports, or would benefit from having consular cards. Blockchain-based ID applications can help Venezuelans renew, or replace, their original documents and verify the identity of their children and r...
by BenFormer
Wed Aug 14, 2019 4:25 pm
Forum: Mining
Topic: Why is it the great choice to invest bitcoin cloud mining in bear market?
Replies: 3
Views: 1035

Re: Why is it the great choice to invest bitcoin cloud mining in bear market?

Naturally, we are big believers in crypto and blockchains. But our bullish sentiments don’t mean that long-term success is a given. If the last couple of years have taught us anything, it’s that cryptocurrency prices are extremely volatile. And when prices go down, it drastically affects mining’s pr...
by BenFormer
Mon Aug 12, 2019 12:54 pm
Forum: Wallets
Topic: Can't decide on where to keep my crypto
Replies: 16
Views: 3247

Re: Can't decide on where to keep my crypto

Do not use any of these wallets: 1) Online web wallets, like blockchain.info, Coinbase, etc. In generally, all wallets which keep the private key on their servers. 2) Any hot wallets. Any app on computer or phone which is used with Internet connection. It can be used with small amounts to make payme...
by BenFormer
Mon Aug 12, 2019 12:38 pm
Forum: Monero
Topic: Is mining Monero worth it?
Replies: 8
Views: 4630

Re: Is mining Monero worth it?

Mining Monero isn't a troublesome task as and when put next to Bitcoin and Ethereum. Monero works on the CryptoNight Proof-of-Work algorithmic rule that allows the user to mine with their GPU and central processor, rather than building up a complex system that costs a lot. If you wanna start mining ...
by BenFormer
Fri Aug 09, 2019 9:26 am
Forum: Legal
Topic: How do bitcoin-selling sites deal with taxes?
Replies: 3
Views: 1923

Re: How do bitcoin-selling sites deal with taxes?

I have read that the trade of 'bitcoins' is not subject to VAT, because these services fall under the exemption to transactions which are " by there nature, financial services, even though they do not necessarily have to be carried out by banks or financial institutions".
by BenFormer
Fri Aug 09, 2019 9:20 am
Forum: Legal
Topic: BTC and betting
Replies: 17
Views: 4918

Re: BTC and betting

The majority of major online betting sites have already integrated Bitcoin as an accepted method of making deposits and withdrawals. In fact, many of the leading internet betting brands have made Bitcoin a big part of their business model by offering players incentives to use this currency. Best Bit...
by BenFormer
Wed Aug 07, 2019 9:25 am
Forum: Wallets
Topic: Does anyone here use FreeWallet?
Replies: 11
Views: 2522

Re: Does anyone here use FreeWallet?

I got used to this BTC wallet pretty fast, usually it takes much time for me to get around applications that store crypto. You have all the actions possible right in the main screen and all the transactions are processed fast.
by BenFormer
Wed Aug 07, 2019 9:22 am
Forum: Wallets
Topic: Bitcoin Gold Hardware wallet?
Replies: 7
Views: 2278

Re: Bitcoin Gold Hardware wallet?

Try Trezor. It is easy to set up and user friendly. There are no usernames or passwords necessary because the device acts as your credentials. It also utilizes 2-factor authentication and allows you to add a passphrase for extra security.
by BenFormer
Mon Aug 05, 2019 12:51 pm
Forum: Telegram Groups & Pumps sub-forum
Topic: Easy way to farm bitcoin
Replies: 0
Views: 302

Re: Easy way to farm bitcoin

How long does it take to mine 1 Bitcoin?
by BenFormer
Mon Aug 05, 2019 12:48 pm
Forum: Bitcoin Discussion
Topic: What is the best app for Bitcoin trading?
Replies: 8
Views: 2098

Re: What is the best app for Bitcoin trading?

As for me, CEX.IO is reliable and professional. I haven’t looked at other brokers’ fees and spreads, but my attempt to actively trade cryptos with CEX proved to be so convenient, I started embracing their platform.
by BenFormer
Thu Aug 01, 2019 3:22 pm
Forum: Legal
Topic: Is bitcoin safe and legal ?
Replies: 25
Views: 9723

Re: Is bitcoin safe and legal ?

Bitcoins may be considered money, but not legal currency.
Bitcoin itself is secure, but bitcoins are only as secure as the wallet storing them.
by BenFormer
Thu Aug 01, 2019 3:18 pm
Forum: Legal
Topic: real creator of Bitcoin
Replies: 24
Views: 13445

Re: real creator of Bitcoin

The inventor of Bitcoin remains a mystery. No one knows for sure.
by BenFormer
Wed Jul 31, 2019 10:10 am
Forum: Legal
Topic: Taxes on Bitcoin
Replies: 3
Views: 3838

Re: Taxes on Bitcoin

The article is very nice, thank you for sharing it! I'm not fully through yet (it is quite long) but it seems well researched and detailed.
by BenFormer
Wed Jul 31, 2019 10:04 am
Forum: Wallets
Topic: Two problems with the bitcoin.com wallet
Replies: 7
Views: 2428

Re: Two problems with the bitcoin.com wallet

I think Coinbase is a great alternative to bitcoin.com wallet. It is the #1 recommended bitcoin wallet, offering the most complete bitcoin services on both web and mobile. Coinbase Bitcoin Wallet is one of the easiest ways to buy, sell and hold cryptocurrencies.
by BenFormer
Thu Jul 25, 2019 4:00 pm
Forum: Mining support
Topic: Cloud Minning
Replies: 2
Views: 1182

Re: Cloud Minning

There is a bunch of flaws of cloud mining though.. The risk of fraud , lower payouts, plus you don't have the control over your mining equipment.
by BenFormer
Thu Jul 25, 2019 3:54 pm
Forum: Wallets
Topic: What is the Best Bitcoin Wallet?
Replies: 24
Views: 3646

Re: What is the Best Bitcoin Wallet?

Use Trezor, a hardware Bitcoin wallet which also acts like a USB device, which works on “Zero Trust Approach”, which lessens the third-party compromise. It is one of the best Bitcoin hardware wallets.
by BenFormer
Wed Jul 24, 2019 10:04 am
Forum: Wallets
Topic: Buying bitcoin.
Replies: 14
Views: 3040

Re: Buying bitcoin.

If it’s a credit/debit card it’s instant, if you have a linked bank account it takes about 5-6 days before you can move your coins off of coinbase.
by BenFormer
Wed Jul 24, 2019 10:00 am
Forum: Wallets
Topic: Is it possible to generate bitcoin
Replies: 3
Views: 1234

Re: Is it possible to generate bitcoin

Mining allows you to generate Bitcoins without the need to actually buy them. If thats what you mean.
by BenFormer
Mon Jul 22, 2019 3:12 pm
Forum: Mining
Topic: Free BTC Mining on your PHONE | Quick and easy | Set and Forget!
Replies: 1
Views: 390

Re: Free BTC Mining on your PHONE | Quick and easy | Set and Forget!

I dont get it... Mobile Mining and Cloud Mining are the same things?
by BenFormer
Mon Jul 22, 2019 3:09 pm
Forum: Altcoins / Alternative Cryptocurrencies
Topic: Mobile Mining
Replies: 1
Views: 193

Re: Mobile Mining

What is the value of Pi?
by BenFormer
Fri Jul 19, 2019 2:40 pm
Forum: Mining hardware
Topic: How to choose mining hardware
Replies: 1
Views: 1023

How to choose mining hardware

Hobby Bitcoin mining can still be fun and even profitable if you have cheap electricity and get the best and most efficient Bitcoin mining hardware. How do you choose mining hardware? Any advice is welcome. THanks.
by BenFormer
Fri Jul 19, 2019 2:28 pm
Forum: Mining
Topic: How to earn bitcoin
Replies: 4
Views: 892

Re: How to earn bitcoin

Thanks for the interesting post. I know another way of earning free BTC. I have been participating in beta-testing of new ecosystem Utopia. They pay additional rewards in BTC for promotion
by BenFormer
Thu Jul 18, 2019 1:41 pm
Forum: Wallets
Topic: mobile and desktop wallet
Replies: 13
Views: 3910

Re: mobile and desktop wallet

I prefer Electrum. It can be used as a multi-signature wallet. This increases its security a lot. Plus, password protection makes it harder for hackers to get into my wallet.
by BenFormer
Thu Jul 18, 2019 1:23 pm
Forum: Exchanges
Topic: Why is cryptocurrency more popular than traditional markets?
Replies: 3
Views: 449

Re: Why is cryptocurrency more popular than traditional markets?

In my opinion, digital marketing is more popular than the traditional one, because it provides you too much flexibility to promote your business. It is much easier to reach your target customer on the internet. Plus, the traditional advertisement is much costly.
by BenFormer
Tue Jul 16, 2019 1:54 pm
Forum: Wallets
Topic: How secure is your wallet?
Replies: 8
Views: 2797

Re: How secure is your wallet?

I used MyMonero for several months. None of my info was stored on their server. Its very fast and easy to use.
by BenFormer
Mon Jul 15, 2019 1:17 pm
Forum: Wallets
Topic: Can't decide on where to keep my crypto
Replies: 16
Views: 3247

Re: Can't decide on where to keep my crypto

People tend to keep most of their digital coins in cold wallets because hackers cannot steal digital assets that are not connected to the internet. While the security of hot wallets are vulnerable to theft because they are constantly connected to the internet. A hardware wallet is the safest way to ...
by BenFormer
Mon Jul 15, 2019 1:15 pm
Forum: Wallets
Topic: This wallet gives bonus after registration
Replies: 1
Views: 1027

Re: This wallet gives bonus after registration

Sounds interesting. What exactly am I supposed to do in order to earn free BTC? Have you by any chance heard about secure, decentralized ecosystem Utopia? They give bonuses in BTC too. The main feature of this system is that it does not involve a central server. That means there is no single point o...
by BenFormer
Thu Jul 11, 2019 11:15 am
Forum: Wallets
Topic: Is Electrum good for long time storage?
Replies: 2
Views: 1073

Re: Is Electrum good for long time storage?

It is a widely used platform, very fast and easy to set up. Plus Electrum has integration with hardware wallets for added security. Still, there are some drawbacks - not ideal for beginners and supports BTC only. I personally use their wallet for storing small amounts of Bitcoin. But it’s not the be...
by BenFormer
Thu Jul 11, 2019 11:02 am
Forum: Wallets
Topic: Best Wallet?
Replies: 31
Views: 4328

Re: Best Wallet?

I am a Trezor user. It is the best option for me, hardly see any drawbacks.
High level of security, many different kinds of cryptocurrencies support, ability to work offline.
by BenFormer
Wed Jun 26, 2019 2:34 pm
Forum: Bitcoin Discussion
Topic: Next Bitcoin Bull Run Will Be First Cycle Supported By Established Financial Firms
Replies: 4
Views: 415

Re: Next Bitcoin Bull Run Will Be First Cycle Supported By Established Financial Firms

I think that latest brutal market downturn actually happened because large investment banks were pulling their money out of this market. I have also read in the news that now these banks are preparing for issuance of their own crypto currency. Cant confirm if this is true, but it sounds realistic I...

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