Category Archives: online trading

What is bitcoin?

What is Bitcoin?

Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.

Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.

Bitcoin as a form of payment for products and services has seen growth,and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors. The European Banking Authority has warned that bitcoin lacks consumer protections. Unlike credit cards, any fees are paid by the purchaser not the vendor. Bitcoins can be stolen and chargebacks are impossible. Commercial use of bitcoin is currently small compared to its use by speculators, which has fueled price volatility.

Bitcoin has been a subject of scrutiny amid concerns that it can be used for illegal activities. In October 2013 the US FBI shut down the Silk Road online black market and seized 144,000 bitcoins worth US$28.5 million at the time. The US is considered bitcoin-friendly compared to other governments. In China, buying bitcoins with yuan is subject to restrictions, and bitcoin exchanges are not allowed to hold bank accounts.

Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency.

Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency. Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.

Bitcoin as a form of payment for products and services has seen growth,and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors. The European Banking Authority has warned that bitcoin lacks consumer protections.

Unlike credit cards, any fees are paid by the purchaser not the vendor. Bitcoins can be stolen and chargebacks are impossible. Commercial use of bitcoin is currently small compared to its use by speculators, which has fueled price volatility. Bitcoin has been a subject of scrutiny amid concerns that it can be used for illegal activities. In October 2013 the US FBI shut down the Silk Road online black market and seized 144,000 bitcoins worth US$28.5 million at the time. The US is considered bitcoin-friendly compared to other governments. In China, buying bitcoins with yuan is subject to restrictions, and bitcoin exchanges are not allowed to hold bank accounts.

Bitcoin explained

In case you are new to Bitcoin, you would find this article very interesting, as it explains exactly what a Bitcoin is, how are they obtained and finally, how you could earn yourself some free Bitcoins instantly.
Bitcoin is a decentralized virtual crypto currency that enables instant payments to anyone, anywhere in the world. It uses peer-to-peer technology to operate with no central authority; transaction management and money issuance are carried out collectively by the network. Fascinating, isn’t it!

They are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. This activity is called mining and is rewarded by transaction fees and newly created Bitcoins.

If the above video was entertaining and enlightening, you may also want to explore the other tasks that are undertaken with the involvement of Bitcoins here.

What sets this form of digital currency apart?
Bitcoins are sent easily through the Internet, without needing to trust any third party.
The transactions are irreversible by design, fast and cost very little.
In most countries, they are as good as physical currencies as well.
The supply of bitcoins is regulated by software and the agreement of users of the system and cannot be manipulated by any government, bank, organization or individual. The limited inflation of the Bitcoin system’s money supply is distributed evenly (by CPU power) to miners who help secure the network.

Bitcoin Wallet Address – The answer to “What’s’ next”.
Bitcoin wallet is the equivalent of a physical wallet for transactions with Bitcoin. They provide the following functionality:

Storage of Bitcoin addresses and corresponding closed/open keys on users computer in wallet.dat file.
Conduction transactions of obtaining and transferring Bitcoins (BTC), also without connection to internet.
Providing information about the balance in BTC at all available addresses, prior transactions, spare keys.

 

 

UK Instant Loans

Instant Loan facilitates people to meet their cash requirement on urgent basis. In the UK, instant loans are short-term loans that gratify urgent cash needs like medical emergencies or utility bills. The repayment terms and interest rates on instant loans depend on the amount you desire to take as a loan.

As a matter of fact, a loan for many purposes can be acquired instantly depending on the borrower’s financial situation. These loans range from instant cash to instant car and homeowner loans. Since many offer online application process and approval, results of such applications can be seen within a matter of minutes. Online application and approval makes it even more convenient to get an instant loan as one can apply for and get an instant loan from the comfort of his home. The prospective borrower is usually under no obligation and the lenders promise confidentiality.

We are clear by now that these loans provide a means for obtaining cash immediately for a number of reasons ranging from medical emergencies to car purchases.

Common Names Of Instant Loan

Different lenders have given different names to instant loans. Some of the terms are:
short-term cash loans
cash advances
fast payday loans.
Range

The amount of cash a borrower can borrow with an instant loan range from £40 to £1000. You can be lucky enough to obtain a loan as high as £1500 if the lender agrees to it. The annual percentage rate (APR) ranges from 5.9 percent variable to 17 percent. Some lenders may lend up to 25,000 pounds but may demand collateral or security.

Instant Loan Terms

As the loan terms are short, instant loan is presented at high interest rate. The lender will strive to cover the lending cost by lending the loan at a high rate of interest in order to reduce the risk involved.
Loan terms of an instant loan generally differ from 14 to 18 days. Lenders may expand the loan term determined by the borrower’s demand. Instant loans are presented without a credit check so you do not need to worry even if you have a bad credit score.

UK Instant Loans Repayment Method

The repayment procedure of the instant loan is trouble-free. The instant loan provider will unswervingly take out the money from borrower’s bank account. Few lenders make it mandatory for borrowers to put a post-dated cheque of the repayment amount. Also, some lenders may charge an early repayment fee making it necessary for the borrower to be fully familiar with the terms and conditions of the loan.

Keep in mind; aim to pay back the loan as soon as possible, before you get into an additional debt trap.

Basics of Forex Trading

 

Everyone has the same question in their minds with regard to Forex trading: What is Forex trading exactly?

Forex trading in its simplest form is currency being bought and sold. But it is not as elementary as it appears to be. The Forex market is very fluid and it has a large volume of trade. Thousands of different currencies are being traded daily in the Forex markets and the values of these currencies keep on changing.

Forex trading is a very concentric area of dealing and getting proper education of the Forex Market is also very necessary. If you have to be successful in the Forex market then you must be aware of its inner workings after all.

Because of the intricacy, Forex Trading cannot be your distinctive overnight success procedure. Forex trading is exclusive bec