How to Cash Out Bitcoin

Demand creates supply and more and more crypto coin owners need to exchange digital assets for real money as Bitcoin and altcoins are difficult to use for settlement transactions. Today, without any special difficulties, the crypto coin can be withdrawn to any electronic wallet or bank account, or you can get cash. The main thing is not to rush when choosing a method of cashing out, since haste and inattention can quickly lead to a fraudulent service, for example, to a phishing pseudo-exchange.

Different Methods How To Turn Bitcoin Into Cash

Today there are four options for how to turn Bitcoin into cash:

• Currency exchange services
• Exchanges
• WebMoney…

It happened — a decentralized computing platform Ethereum has effectively rolled out the Beacon Chain. It’s Phase 0 toward the whole ETH 2.0 implementation. The proof of stake Ethereum date was supposed to be December 1st, and the dream of many came true with participants presently staking more than $400 million. What does it mean for the investors and the whole crypto industry? Let’s find out.

Ethereum 2.0 Launch Date

The Ethereum proof of stake date was initially scheduled for January 3rd. Then, in a renewed ETH 2.0 plan, it was rescheduled to December 1st. The Beacon Chain launch means the transition from proof-of-work (PoW) to Proof-of-Stake (PoS) models. …

Discover the best cryptocurrency groups on Telegram for updated information and details on how to trade. Grow from a newbie to an expert in crypto trades and learn how to use signals to your advantage.

Here’s a short refresher on cryptocurrency. It is a decentralized form of currency (not controlled by any government or bank), which is digital. Cryptocurrency is based on a technology called Blockchain, which is extremely difficult to alter. For many years, the Telegram instant messaging application has been a go-to platform for cryptocurrency traders. First of all, it is a simple way to get connected to the community. …

Check the main advantages and disadvantages of the ALGO coin. Also, we collect price predictions from crypto experts for Algorand in 2020–2025.

Algorand (ALGO) history and basics

Choosing a profitable cryptocurrency for investment is the key to the financial success of any crypto enthusiast. By the way, most of them prefer to work only with Bitcoin and the most popular altcoins. At the same time, on the rest of the coins, due to their high volatility you can make a fortune.

One of the main problems with legacy blockchains like Bitcoin or Ethereum lies in performance and scalability issues. Slow transactions hinder the widespread use of cryptocurrencies. …

Electroneum, like other cryptocurrencies, is a digital coin which is using blockchain technology. The network was created for the purpose of making instant payments between users and sellers of goods and services. The mobile platform is under development but it has a wide range of features. The main purpose of ETN cryptocurrency functioning lies in the simplicity of use and availability for a wide range of users. The project development is focused on the use of smartphones and mobile applications, in the frame of which everyone can mine digital coins and invest them at his own discretion. …

Dogecoin with its native token DOGE is a distributed platform designed to ease the entry threshold for working with virtual currencies. The project was developed out of a joke made by its software developers — the title and identity of the token rest on the famous meme about a Great Dane giant breed.

What is Dogecoin?

Dogecoin was originally launched in 2013 by the American investor Billу Markus and the Australian developer Jасkson Palmer as the hard fork of Litecoin. As a result, the “Doge image” became a distinctive characteristic of this digital coin, but also the reason to consider it a bit frivolous and childish. The founders wanted the DOGE coin to be an entertaining and fun altcoin that would have greater approval beyond the Bitcoin society. DOGE was originally used on Twitter or Reddit to tip those people who distributed high-quality content. Over time, Dogecoin has proven to be an anonymous, decentralized, and secure payment solution for purchases, transfers, and other financial operations. What is more, Dogecoin is probably the first altcoin introduced in the crypto market almost seven years ago. The developers wanted to create a currency that will become popular among ordinary users because of its affordability and transparency. Despite its close connection to LTC and Bitcoin, this altcoin has some important differences. For example, its average block generation time is 2.5 times faster than that of LTC. …

At the time of writing, Bitcoin rate hovers around $18,000 per coin, let’s recall the main growth drivers and figure out whether it is worth diversifying risks now or taking a HODL-position.

Reasons for Bitcoin growth

Paypal allows the buying and selling of cryptocurrencies

The largest international payment system added cryptocurrency support for authenticated US citizens to its arsenal, later in 2021 users from other countries will be able to buy and sell cryptocurrency. At the beginning, the payment system will allow people to buy and sell Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC), as well as store them in the integrated wallet.

In addition, in 2021, the users of the app will be able to pay with digital assets in 26 million retail outlets, the payment system said. Stores will not accept cryptocurrency directly but after conversion to dollars. …

The fork on the cryptomarket is a split of blockchain network that sometimes results in the birth of new cryptocurrency. Hard fork and soft fork have to solve technical issues or introduce new features.

So, what a Hard Fork is?

First of all, we need to explain the “fork” word for those not closely related to the world of cryptocurrencies.

Each blockchain-based cryptocurrency uses a specific protocol, which defines the fundamental functionality — rules of mining, connection, and transaction processes. Each user of the cryptocurrency network must comply with the protocol to participate in these activities.

As you might suppose, any set of rules requires regular updates. No rule is perfect from the very beginning, and reality has a way of exposing the imperfections in a rather quick fashion. If it weren’t so, we would not face the regular OS updates or video game patches. There are many possible reasons for a protocol adjustment (and we shall talk more on that topic a bit later), but the moment of protocol update is always called a fork. …