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Wikicoin Vera Thornpike

In Blockchain We Trust: The Simplest Ways to Invest in Crypto and Blockchain in 2019

Wikicoin
Want to invest in blockchain in 2019? Here are the best cryptocurrencies and shares that every blockchain investor should buy in the upcoming year.
In Blockchain We Trust: The Simplest Ways to Invest in Crypto and Blockchain in 2019
Contents

The demand for cryptocurrencies is still on the rise: the crypto market cap is approximately $354 bln, and the number of people interested in crypto doesn’t seem to go down even in bearish market conditions.

Top-10 cryptocurrencies in December 2018
Top-10 cryptocurrencies as of 07 Dec. 2018

 

However, cryptocurrency is volatile and unpredictable – trading is the game that’s not always worth the candles burnt. The last two years have been a roller coaster for traders, and after the revealing of Ponzi schemes and the recent cryptocurrency nosedive, many of them started reconsidering their blind faith in get-rich-quick opportunities. Investors are seeking more reliable ways to gain profit from blockchain. Surprisingly, there are many simple alternatives. Let’s observe the most promising ways to grow your riches with the help of blockchain in 2019.

Why Blockchain Is a Gold Mine For Investors?

The blockchain is the underlying technology that drives Bitcoin and other coins alike. This is what powers the distributed ledger, digital transactions, and storage of data. That means blockchain will be around even if Bitcoin and all else fails. The technology is being adopted by leading companies, and the number of ICOs promoting it is enormous.

While cryptocurrency is an asset that changes in price unpredictably, ICOs on blockchain promise to increase the investment value by promoting products and services. Besides, blockchain can be adapted in the whole gamut of spheres, including:

  • data storage & cybersecurity;

  • insurance;

  • banking & finance;

  • IoT;

  • media & marketing;

  • healthcare;

  • voting & government;

  • education;

  • logistics & supply chains.

This list can be a mile long. Blockchain applications are endless:

Blockchain can be used anywhere
The most widespread blockchain applications

Since 2014, the interest in blockchain technology caused a meteoric rise of its capitalization: it has grown from $30 mln to $200 mln in 2017. According to estimates, the volume of investments will reach $400 mln in 2019.

Want to jump on the bandwagon? Here are the investment opportunities you shouldn’t miss.

7 Companies to Invest In

In order to invest in the blockchain, you don’t have to buy cryptocurrency and wait for the wonder. It’s better to take a closer look at the stocks and funds that stake on the blockchain and are implementing this technology.

1. Overstock.com

The company started as an online retailer but expanded the sphere of its expertise to merchandising. In recent years, overstock.com started paying particular attention to the blockchain, too. The team behind Overstock has created tZERO – a SEC-regulated trading system that was designed to be a blockchain-based global property registry and might become the means of supplying collateral to lenders.

While the wide audience doesn’t understand what the role of blockchain is in it, the developers are convinced that Overstock will outperform competitors having an outstanding portfolio of companies that implement and exploit blockchain technology.

According to Marc Cohodes, the execution of the above-mentioned plan will make Overstock’s shares cost $200-400 each. At the moment, you can find Overstock in NASDAQ and buy OSTK for $18.6.

Overstock introduced BTC payments
Overstock has enabled blockchain payments recently

2. MasterCard

It’s not surprising that MasterCard is striving to adopt cryptocurrency, too, and the blockchain is the easiest way of performing transactions without limits. In October 2018, it introduced payments driven by blockchain-based technologies, though Bitcoin wasn’t involved. Although the process of crypto introduction is slow, MasterCard is just being cautious: it is waiting to see what will happen next.

MasterCard also plans to obtain the patent allowing it to facilitate instant blockchain payments. Theoretically, it can allow it to emit blockchain-based credit and debit cards.

Meanwhile, you can invest and wait for a couple of years: and MA share is worth $168, but who know how much it will cost after the blockchain tech fully implemented?

3. IBM

If you’re sure that paper money will soon disappear and be replaced by digital analogs, consider investing in International Business Machines. In fact, the company mostly specializes in hardware and software business solutions, but also came up with a few unique products in the 21st century. According to Juniper Research, IBM has the potential to become one of the dominant names in the blockchain business.

Introduction of blockchain will reduce the resolution time from 50+ to 10 days and reduce administrative costs. Besides, IBM will develop blockchain solutions for the efficient tracking of shipments, improvement of food safety and much more.

At the moment, you can buy an IBM share for $150.58.

4. Kodak

The company that produced cameras is still alive – it operates in the sphere of printing and video films. The days of Kodak’s fame and glory are gone, but blockchain may breathe a second life into the company.

It plans to introduce KodakCoin: the cryptocurrency that facilitates payments for photographers’ shots and drives royalty revenue for users. Besides, Kodak’s blockchain will help users to control copyright: they will make sure that no one uses their content without the author’s permission.

Here’s what Kodak CEO Jeff Clarke said:

“For many in the tech industry, ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords, but for photographers who’ve long struggled to assert control over their work and how it’s used, these buzzwords are the keys to solving what felt like an unsolvable problem. Kodak has always sought to democratize photography and make licensing fair to artists. These technologies give the photography community an innovative and easy way to do just that.”

By 2021, the digital photography market can reach the annual turnover of over $100 bln, so Kodak has all chances to restore positions. You can help it by buying KODK for $5.85.

5. Nvidia

What’s the role of Nvidia in blockchain? It is one of the major mining hardware providers. Bitcoin isn’t the only minable digital asset, so graphic cards, and computer chips will stay in demand in the following years. Nvidia will continue playing an important role in the mining industry, so we highly recommend buying NVDA shares ($228.03).

Nvidia GPU chip
Nvidia’s GPUs will be on demand in 2019

 

6. The Reality Shares

Although crypto has been around for a few years, the ETF industry didn’t relate to it anyhow. Finally, things have changed. The Reality Shares Nasdaq NexGen Economy ETF holds the stocks of IBM, Overstock, as well as Cisco (CSCO) and Intel (INTC). Although they’re not cryptocurrency players, all of the companies will reap benefits from blockchain in some way.

The fund wanted to include the word ‘blockchain’ in its name, but the Securities and Exchange Commission asked Reality Shares to remove the word to minimize the craziness around it.

Eric Ervin, CEO of Reality Shares, claims that “blockchain ecosystem potentially presents one of the most profound, long-term investment opportunities many of us have or will ever see in our lifetime.”

BLCN is now worth $22.79. It charges 0.68% in expenses, or $68 annually on a $10,000 investment.

7. Grayscale Bitcoin Investment Trust

The aforementioned potential cryptocurrency stocks focus on blockchain rather the Bitcoin itself, but there’s one fund that works with BTC solely. The Grayscale Bitcoin Investment Trust makes the process close to traditional investing in Bitcoin, but in this case, you don’t buy it directly. Instead, you create a complicated account with a Bitcoin exchange. The trading goes ‘over-the-counter’. The platform mostly functions like an ETF.

Investors can get GBTC with a regular brokerage account. At the moment, it costs $14.87 and represents 0.0919 Bitcoin. Of course, GBTC is as volatile as Bitcoin itself.

Trading with GBTC is a risky venture, though. Although it relies on Bitcoin, it doesn’t track it well. For example, in December 2017, it traded at more than double the worth of the underlying Bitcoin. Such situations can lead to a cryptocurrency decline by a higher percentage than Bitcoin itself.

GBTC cannot be recommended for long-term investments: the fund charges 2% of annual fees. But if you’re a confident, agile trader – give it a try.

ETFs vs ICO: What is better?

Both variants can be highly profitable, and the main difference between them is WHAT you invest in. With ICOs, it’s clear: you buy tokens to add to the company’s market cap and fuel the development of their products and services. Startups sell their first tokens with a discount, so there’s a chance to make a profit from your investment when the company takes stable positions on the market. With startups, a thorough research is essential – you should know where your money goes, and how perspective the venture is.

ETFs, such as aforementioned Reality Shares Nasdaq NexGen Economy ETF, are traded on conventional exchanges. This is a more traditional and less risky way to invest, but lower risk means lower profit opportunities and less emphasis on new business. Some companies add the word ‘blockchain’ to the title without actually explaining how it’s leveraged. So you can’t be sure whether you really invest in the blockchain.

ETF vs ICOs: pros and cons
ETFs and Funds – comparison

 

ICO: Spheres to Rely On

Despite the fact that 90% of ICOs don’t even make it to the market, investment in startups is still an option – you just should choose wisely. Blockchain has particularly great potential in the following spheres:

Sphere

Benefits of blockchain

Perspectives and forecasts

Projects to consider

Artificial Intelligence (AI)

- cuts costs;

- boosts speed

- improves security;

- reduces fraud and risks.

With the help of blockchain, AI will automate 25% of human tasks. By 2050, machines can reach the human level of intelligence

  • ROSS;

  • Capito;

  • wise.io

  • clarifai;

  • MetaMind.

Education

- optimizes processes;

- facilitates communication;

- enables e-learning and leverages new research opportunities.

Blockchain will be driving the rewards, record storage, communication processes.

  • Afterschool;

  • BitDegree;

  • Gilgamesh Platform.

Supply Chain/Logistics

- keeps records transparent and forge-proof;

- accelerates the process of data exchange.

Blockchain will optimize management, reduce risks and fraud, and increase trust between parties.

  • Blockerify;

  • Monax;

  • Everledger;

  • Ambrosus;

  • Modum.

Healthcare

- safe storage of records;

- simple access to information;

- private and safe processing of payments;

- more efficient analytics.

Blockchain will be used to keep data from IoT devices. It may serve to store patients’ medical data and research results. Genetic research may also rely on blockchain for secure data storage.

  • BCharity;

  • Medicalchain;

  • SENS;

  • Skychain;

  • Tag World Exchange;

  • TrustedHealth.

Financial technologies

- it provides a decentralized network for sharing data;

- smart contracts ensure compliance with obligations;

- higher cost-efficiency;

-cryptography keeps assets safe and sound.

77% of companies will adopt blockchain for efficient operations. It will be used by eCommerce, online exchanges, banking systems, and other fintech companies.

  • ATRIX;

  • BANKA;

  • Fidelium.

 

The number of companies introducing blockchain is enormous – you just need to find a truly reliable one that will be able to provide a decent project for a wide audience.

All in all, blockchain can be introduced to any sphere, but the statistics say it’s more applicable in fintech:

250 Financial ICOs to consider
250 Financial ICOs to invest in 2019

 

Should I Invest in Cryptocurrency?

If you still want to bet on crypto, there are a few worthy variants to consider. Spoiler: Bitcoin isn't the best coin to bet on.

Ripple

Ripple Labs is snapping on Bitcoin's heels with the ever-growing market cap. Although this currency isn't likely to cost $100, it will definitely grow in price after being introduced in the global banking system. Asian banks are already attempting to leverage Ripple blockchain and make crypto transactions, so this asset's forecast is highly positive. At the moment, you can buy Ripple for as low as $0.29 - so hurry up because another emitted portion of XRP might be available for banks only. If Ripple starts selling XRP to corporate partners only, coin deficiency will cause price explosion - traders will be ready to purchase it for any sum.

NANO 

The Nano blockchain boasts zero transaction fees, 2 second transaction type, and a unique Block Lattice network. It means that every user has their own transaction blockchain – instead of being performed on a single blockchain, transactions are processed in separate networks, which boosts speed. This approach solves the problem of scalability.

At the moment, you can buy XRB for $0.80.

Stellar Lumens

This is another blockchain with 2-second transactions, and the transaction cost is a fraction of a cent. To top it off, Stellar leverages a blockchain development platform that reminds one of Ethereum. However, it’s cheaper and faster than Ethereum which made some companies switch to the Stellar blockchain. For example, IBM and a few banks use XLM to transfer money.

XLM costs $0.12, so hurry up while it’s still cheap.

BAT

Basic Attention Token (BAT) is a cryptocurrency developed by the father of Javascript and co-founder of Mozilla Firefox, Brendan Eich. The coin is supposed to be used by content creators, advertisers and users in a new environment that will be used in the Brave Browser. This browser automatically blocks advertisements, and BAT can be exploited in the following ways:

  • to make donations for favorite content creators via subscription services;

  • to make in-app purchases;

  • to receive BATs after watching ads.

Besides, BAT might be implemented by Firefox and Chrome to compensate advertisers and creators who get affected by AdBlock software and demonetization in YouTube.

Bottom Line

Despite cryptocurrency volatility, there are still many ways to invest in blockchain and get profit. If you don’t want to deal with cryptocurrency, pay attention to futures and ICOs – those are perfect for long-term investments with minimal risks.

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Best Cryptocurrency Mining Software in 2019

Wikicoin
U.Today has managed to come up with the most comprehensive list of the best cryptocurrency mining software
Best Cryptocurrency Mining Software in 2019
Contents

There are dozens of different software clients for cryptocurrency mining, which makes the task of choosing the right one more difficult. In this guide, U.Today will try to determine what kind of software will be the most relevant choice for your mining management needs.

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Beginner-level miners

Multi-miner

If you are only making baby steps in the world of cryptocurrencies, MultiMiner is definitely a top-of-mind option when it comes to choosing the best mining software. There are no confusing command lines that could complicate the life of uninitiated miners. Instead, it has a user-friendly interface that allows anyone to engage in cryptocurrency trading from the get-go (even your grandma).

MultiMiner users can easily choose what kind of coins they would like to mine, switching between different miners (all mining devices are detected automatically). The service will set you back 1 percent of your profits.

Multi-miner

Easy miner

As the name itself suggests, this open-source mining software client is also supposed to make all things easier with the help of its beautiful interface that simply cannot be more straightforward.    

The disappointing news for Linux and MacOS users is that this miner only supports Windows.

NB! Take into account the fact that these programs may cause issues with your antivirus software given they were a rather popular tool with cryptojackers.  

Easy miner

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BitMinter  

We continue reviewing those mining clients that could be suitable for beginners, and BitMinter is our next contender. As you probably know, BitMinter is the name of a huge mining pool that has been operating since 2011. Hence, it makes the set-up process extremely simple given that you have to connect the miner to their own pool. There is a 1 percent commission involved, but it pales in comparison to the 4 percent charged by BTC.com.     

BitMinter
    
BitMinter’s UI does look a bit bulky and confusing, but look on the bright side – the client is supported by various operating systems.  

Minergate

Minergate is yet another mining pool that came up with cryptocurrency mining software. On top of that, it also supports dual mining – the process of mining multiple coins simultaneously (however, one should take into consideration the fact that merged mining is basically dead at this point). Anyway, Minergate is a great miner that supports a slew of altcoins, and it’s even compatible with Ubuntu OS!

Minergate

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Hashfish

Compared to the aforementioned clients, Hashfish is a relatively new example of Bitcoin mining software (it was introduced by a Blockchain company of the same company in November). However, it does have some aces up its sleeve: no commission, automatic mining and quick withdrawals. Of course, another major advantage of this software is that coins can be mined by individuals who do not have any prior knowledge of technical aspects.   

Hashfish

Miners for advanced users  

BFGMiner

Are you a Linux user? If so, it would definitely make sense to consider installing BFGMiner, which is supported by different operating systems. The client has a text-based UI but it simultaneously offers a wide array of options – from overclocking devices and controlling their temperature to managing mining pools. However, keep in mind that BFGMiner is only compatible with ASIC miners.

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CGMiner

Those who are still stuck with GPUs in 2019 can choose CGMiner, a C-based multi-pool miner that also allows its users to mine with CPU and GPU. Generally speaking, this is the only major distinction between the two clients, and they are considered to be the standard mining tools. Just like with previous clients, CGMiner can be installed on Linux and MacOS. Here are some more suggestions for MacOS users:

  • RPC Miner;

  • DiabloMiner;

  • Poclbm.

CGMiner

Cloud mining with Miner-Server

Cloud mining has become a rather popular trend in the crypto space due to the fact that everyone can dip their toes without having to purchase super-expensive ASIC chips. For cloud mining, you can use the Miner-Server client (the least expensive package starts at $0.14). Alternatively, you can also install Genesis Mining software.     

Flash Player Bitcoin miner

The Flash Player era has been over for a long time, but there is also a working Flash Player Bitcoin Miner. However, the project hasn’t updated since 2013. Also, beware of fake Flash Players installers that will secretly mine Monero.  

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Best mining software for enterprises

So far, we’ve reviewed the examples of cryptocurrency mining software that doesn’t require a license – in most cases, you still have to pay fees but the software itself is free. Here are some of the examples of paid software with the respective pricing:      

  • Hive OS. You are supposed to pay $2/mo per ASIC, but there is also a free trial version. Still, a bunch of fancy features, such as GPU overclocking and a bunch of supported miners definitely justify the price.   

  • Awesome Miner. In order to buy the ultimate edition that allows you to connect more than 100 miners, you have to shell out a whopping $900. Just like Hive OS, Awesome Miner offers a free trial. It is worth mentioning that Awesome Miner is able to handle up to 200,000 ASIC miners, and ordering such licenses will cost mining farms millions of dollars.    
    NB! Awesome Miner doesn’t support Bitcoin payments at the time of writing this article.

  • easyMINE. It is a remote cryptocurrency miner, which can also support over 10,000 devices. This software is designed for big enterprises, but users are supposed to pay 3 EMT (0.03) per ASIC. All devices can be managed from one online dashboard.         

​​​​​​​Best mining software for enterprises

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Desktop mining clients you should avoid  

We’ve mentioned plenty of software clients that, despite some minor drawbacks, still can be considered a good option for mining. Still, there are some programs where minuses outshine pluses, therefore U.Today doesn’t recommend you use the following programs:

  • Honeyminer (apart from slow withdrawals, the software takes a rather high commission);

  • NiceHash (a huge mining platform that is still recovering from the consequences of the 2019 hack, but it’s still a rather popular platform).   

  • BTC miner (the miner is so incredibly bad that some users go as far as threatening the creator of this scam who won’t let users withdraw funds). Now that’s disturbing!   

Of course, you should also beware of cryptojackers given that some cryptocurrency mining software can be installed on your computer without you knowing! Back in August, U.Today reported about cryptojackers stealthily installing malware in a Steam game in order to mine Monero.  

Desktop mining clients you should avoid

Mining crypto on your phone

Yes, despite Google’s crackdown on scammy mining apps, Play Market still has a plethora of options for those who want to try out cryptocurrency mining on their smartphone (for better or worse). For instance, BTC SAFARI, a mining app that allegedly produces up to 400 Satoshis every 15 minutes, is still available for download despite scathing reviews. Other examples of cryptocurrency mining apps include Bitcoin Farm Free and Crypto Miner.

NB! Mining Bitcoin from your phone is extremely unprofitable, so you should beware of fake apps that will dry up your phone’s resources. Although, you can still mine smaller altcoins in the likes of Electroneum.

Mining crypto on your phone

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The bottom line

As you can see, there are plenty of options when it comes to choosing the best cryptocurrency mining hardware. In order to choose the best one, you have to take into account such factors as the coins that you would like to mine, your OS, ease of use, the type of your mining hardware, the scope of your mining installation, etc.

Best Cryptocurrency Mining Software in 2019

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Upcoming ICO List to Watch in 2019

Wikicoin
Which upcoming ICO projects should you watch for? This ICO list is worth your attention, if you want to multiply your riches
Upcoming ICO List to Watch in 2019
Contents

We have already discussed that ICO investment is a risky venture – most companies don’t live up to the hype. However, investors’ success depends on how carefully they choose the projects and their foundations. Which Initial Coin Offerings are the most promising? We have done the homework for you and observed the worthiest up-and-coming crypto projects set to rock the blockchain industry boat in 2019.

Why ICOs are still relevant?

Even though Bitcoin is constantly fluctuating, and many blockchain ventures appear to be scams, the blockchain technology continues evolving no matter what. New projects keep popping up, and, believe it or not, you can still find real gems among a pile of stones. Such newly-created blockchains as EOS, OmiseGo, and Neo prove that a useful technical idea coupled with skillful marketing can help projects conquer the market.

Quick facts about ICOs

ICOs are beneficial for both investors and projects. Startups get essential financial support without paperwork and bureaucracy, while contributors add new assets to their portfolio and get a chance to hedge their risks. To get maximum benefit from their investments, they should analyze:

  • The team behind the project. Ideally, those should be people with years of experience and expertise in different spheres (crypto, PR and marketing, programming, finance, etc), and previous professional achievements.

  • Technological implementation and the blockchain’s salient features. Probably, that’s the most crucial point to consider. The blockchain should address some vexing problems or simplify users’ life. Besides, implementation of tokens should be justified – a project that can exist without cryptocurrency in its ecosystem is doomed to fail.

  • Partners and advisors. Projects that are backed up by authoritative companies and entrepreneurs have bigger chances of making it to the market.

  • The total amount of issued tokens and their cost. The higher the number of coins, the lower their value will be. XRP is a good case in point: this is the world’s second largest cryptocurrency, but its price is about $0.3 due to the enormous supply.

Where to find all this information? In the official sources: the ICO’s social media pages, blogs, the official websites and whitepapers, forums, and other channels. Detailed reviews can also be found on ICO Panic.

If you don’t have time to surf the Net in search of decent ICOs 2019, our list is here to help. For your convenience, ICOs are placed in chronological order.

1. 433 Token

Merging smart contracts and blockchain technology, 433 Token is a soccer-related project that’s aimed at making sports transparent and fair. The team behind 433 Token wants to promote blockchain around the world and improve its acceptance. Besides, they want to bridge the gap between young talent, soccer superstars, and fans. This platform will be available for fans and anyone having interest or relation to soccer (the creators aim to cover a target audience of 3 bln people).

Why do we think 433 Token can be a promising project?

  1. The developers have already managed to establish a partnership with Global Legends Series (GLS), a league of retired soccer Legends and the professional players who won championships.

  2. 433 Token has gathered the support of Mr. Paul Scholes and Mr. Andriy Shevchenko, who will play the roles of advisors and hosts. If the hard cap is reached, 8 more soccer legends will be attracted.

  3. The soccer industry is larger than you think: today, there are over 300,000 football clubs around the world with 240 mln active players. It is a great stomping ground for blockchain developers – if the technology is correctly integrated, both developers and investors can enjoy enormous revenue.

433 Token will bring fans closer to their idols and improve soccer as both industry and sports activity. Implemented in this sphere, blockchain will open many innovative applications for users.

You can still jump on the bandwagon – its ICO will last till January 10, 2019. One 433 token is worth $0.09, and no harsh investment limits apply.

Paul Scholes on stage with Jason Sze (433 Token CEO)

2. Lynked.World

Lynked.World is a blockchain based ecosystem that allows businesses to create customized applications and forms to provide different services to customers. It will ensure the integrity and authenticity of personal data, documents, and digital identities, being suitable for both individual and corporate users. With the help of this blockchain solution, users will preserve their personal data and get instant access to it using their laptops, Android and iOS devices.

The team has already partnered up with:

  • Coal India Limited.

  • State Government Municipalities.

  • Metal Scrap Trade Corporation Limited (MTSC).

  • West Bengal Forest Development Corporation Limited (WBFDCL).

The project has a lot of applications. For instance, it can be used to generate configurable forms and QR codes, generate a blockchain-based multifunctional digital access card, establish verifiable communication channels, secure transactions, and implement blockchain-based attendance registration.

Spheres where Lynked.World will be used

Lynked.World’s salient features are the possibility to have a digital identity with a digital wallet, configurable forms, data sharing with QR codes, background verification, a professional platform with a job portal, and so much more. Since it’s an open ecosystem, developers will be able to use the API for their own business scenario.

Aside from that, company’s strength lies in the potential to disrupt the market and reach the market cap of $100 bln, if the platform gets widely adopted. The team wants to establish partnerships with both private and public sectors.

So, why buy LYNK tokens? First, LYNK will be the only means of payment on the platform – organizations and individual users will need coins to perform operations and get access to premium services. Secondly, the number of coins is limited, so their value will continue growing with the number of users.

The ICO will be open till January 2019, and one LYNK token costs $0.35.

3. Vertex ICO

The Vertex team has decided to establish the first market that combines venture capital experience, trading, and tokenization. Vertex is set to establish an ecosystem that will make ICO investments more profitable. This is the first aftermarket for ICOs that gives potential investors insight into the projects and attracts capital though ICO vetting mechanisms. The tokens will be offered before they’re added to exchanges but after the ICOs are over.

That means you can evaluate the ICO’s potential according to the results of the crowdfunding campaign. If the hard cap has been reached, and a project raised a lot of hype, you can put hopes in it and invest until the token soars in price.

According to statistics, Vertex already has 47,700+ followers in Telegram and 19,000+ followers on Twitter. The team has managed to attract a lot of investors, and you can be the next one: the ICO will finish on 25 January 2019. 1 VTEX is worth $0.31, so hurry up before it hits the $1 threshold. The minimum investment cap is $50.

4. Gigzi

Gigzi is a financial project that was created to address the three main challenges of cryptocurrencies: high volatility, the vulnerability of users’ accounts, and diminishing of wealth.

Gigzi introduces the reliable standard of measure: it enables commerce in tokenized precious metals. Relying on the relative consistency of precious metals, it will protect users against cryptocurrency fluctuations. Backing up crypto-assets with precious metals, users will enjoy the stability of their wealth. All investments will be protected by law. The project is comprised of 4 crypto-assets that will stay unique and yet complimentary functioning on a decentralized P2P network and supported by three basic applications: a Wallet, a Treasury, and an Exchange. Combined together, they will empower users to manage wealth.

Gigzi utilizes a lot of useful technologies, including optical recognition for account access. Using biometric technology, Gigzi will enable users to protect their private keys and use the iris configuration instead.

Gigzi interface

5. SaTT

SaTT is a French blockchain project that leverages a special smart contract for advertisers and publishers. Advertisements and transactions are controlled by modules of autonomous beings secured by the Ethereum blockchain. If there’s an Oracle or module failure, the integrity of advertisements will be preserved. The transaction cost will be divided between encryption and Oracle modules accordingly. The competition between Oracle modules will ensure a decent level of service and competitive rates. With the help of SaTT ERC-20 tokens, payments will be made as soon as certain criteria are met. No fees apply.

SaTT will provide advertisers with different features:

  • creation of ads (ad builder will be included);

  • a display to make an ad directory;

  • statistics for validating transactions.

Besides, the team plans to introduce a PayBySaTT function for third-party developers to pay for products with SaTT.

The ICO will finish on March 31, 2019, and 1 SaTT costs $0.42. ETH, BTC, USD, and EUR are accepted, but KYC procedure is required for contributors.

6. Proof of Toss

This blockchain project is designed to set new standards of the betting industry. This P2P solution will serve as a decentralized platform for any type of event: the wager will function thanks to smart contracts created to protect players from unfair game.

Why you should bet on this ICO?

  1. The project is backed up by an international team of experts with relevant industry and development experience.

  2. The team is large enough to execute and rule a serious international business. All team members are professionals who possess both knowledge and experience.

  3. The product itself has a big chance of becoming a highly demanded solution for betting.

  4. Since betting is an industry that’s growing at a fast rate, participants can benefit from the increased trust and fund liquidity in the transaction system. Proof of Toss will stand out from the crowd of gambling websites and similar betting platforms.

  5. The crowdfunding goals are realistic, so the team is likely to have enough resources for implementation. During the presale phase, the token will be locked in, which will limit its dump when it hits the first exchanges.

  6. The project has a lot of open content on GitHub, so investors and partners can track the development and contribute. Open-source projects often appear to be more successful than private ones.

Aside from that, Proof of Toss has a lot of positive reviews and rating from other analysts.

The main sale starts on January 11, 2019, and will last till April 11, 2019, with 1 TOSS = 0.00004 ETH.

7. BitCanna

Blockchain solutions can be implemented in any sphere, and now this technology is available in the cannabis industry! BitCanna project provides a decentralized payment network for legal cannabis retail. Starting from 2019, its proprietary token will be used to pay instantly at hundreds of online stores.

Why is that relevant? The global cannabis industry is subject to numerous bans and restrictions, even though some governments legalize it for medical and recreational purposes. Since it’s a ‘shady’ business, payment providers don’t process such payments, even if it’s 100% legal. That makes cash transactions the only way out – and that’s inefficient and inconvenient. BitCanna provides a decentralized payment system to make the process transparent and fair. BCNA token will be used in both online and brick-and-mortar stores.

Later on, the BitCanna team plans to turn it into a supply chain solution to boost product safety and provide customers with more detailed information about the product origin. In addition, it will feature trust and review options. This initiative has already attracted potential partners from the European cannabis industry.

Key advantages of BitCanna project

At the moment, the network works with the most prominent seed banks and cannabis dispensary firms in Europe, serving more than 10.000.000 visitors every month. That’s why BitCanna has enough potential to overcome regulatory restrictions and become the leader in its sphere. Incentives and fast, convenient payments will contribute to the fast adoption of BCNA.

Its main ICO sale will finish in June 2019, and one BCNA is now worth $0.12.

Bottom Line

The number of ICOs appearing on the market is enormous, but it’s still possible to distinguish a few worthy projects. Bet on the technology coupled with a promising team and partners, and, most likely you will enjoy a 100%, 500%, or even 1000% ROI on your investment.

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What Does a Bitcoin Look Like? A Detailed Insight into the Technology and Currency

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Wonder if Bitcoin exists in some physical form? If so, then what does Bitcoin look like? Let’s debug the myths and reveal the truth about BTC’s appearance
What Does a Bitcoin Look Like? A Detailed Insight into the Technology and Currency
Contents

Bitcoin has turned into a buzzword since the interest in cryptocurrencies exploded in 2017. We have heard of it so often, but a picture is worth a thousand words. Wait, you can’t remember how Bitcoin looks? Wonder if it has any physical form at all? Let’s find out what exactly Bitcoin is, and whether it has any relation to fiat paper money.

So, what is Bitcoin?

This is the first electronic cash that appeared in 2008. Bitcoin was invented by the mysterious Satoshi Nakamoto – a person, or a group of people, who addressed the fundamental problems of the modern financial systems. The key ideas behind Bitcoin and cryptocurrency in general are:

  1. Put users/sellers in charge of financial operations and own money.

  2. Eliminate middlemen from transactions (banks, government).

  3. Reduce fees.

  4. Make transactions transparent, which would prevent corruption and cut expenses.

  5. Create money that would be totally independent of any government or authority. Users are free to use BTC as they want – there are no restrictions.

  6. Secure assets as strongly as possible. Blockchain makes for safe storage – Bitcoins stored in the wallet cannot be stolen thanks to cryptography.

They have managed to create a decentralized system that puts the asset owner in charge of his money. Within a short time, Bitcoin has managed to become a highly popular means of storage, payment, and investment. Now, it’s being widely integrated into real life in different spheres. Bitcoin payments are adopted by eCommerce stores, hospitals, food & catering, and many other organizations. Such giants as Microsoft, Dell, PayPal, and Google promote it, too. Bitcoin has an application programming interface (API), price index, and exchange rate.

How does it work?

The process of transactions is a bit complicated; it differs from what we’ve gotten used to.

As a new Bitcoin user, you need to generate your first Bitcoin address and create more whenever you need to. The address can be disclosed to friends so that they can transfer money to your account, and vice versa.

All finished transactions are included in the blockchain on which the whole network relies. It allows Bitcoin wallets to calculate their spendable balance for the new transactions to be verified to make sure they’re really owned by the spender. The integrity of blockchain is ensured with the help of cryptography.

Here’s how Bitcoin transactions work
How Bitcoin transactions work: the scheme for dummies

A transaction is a transfer of value between BTC wallets. Every Bitcoin wallet has a private key (it’s also called a ‘seed’) that is used to sign transactions and provide the mathematical proof of their origin. The signature also protects the transaction from being altered by anyone. The transactions in the Bitcoin network are usually confirmed within 10-20 minutes, and this process is called ‘mining’.

Mining is a consensus system that’s used to confirm the transactions by including them in the blockchain. The blocks are stored in chronological order to protect the neutrality of the network and let different computers agree on the state of the system. For transactions to be confirmed, they should be packed in a block that complies with cryptographic rules and is verified by the network. Thanks to these rules, blocks cannot be modified because otherwise, all subsequent blocks would be invalid.

Besides, mining adds the element of lottery, which prevents any individual from simply adding new blocks. No person or group can control what’s included in the blockchain, or replace its parts. Therefore, all transactions are irreversible.

So, what does Bitcoin look like?

Unlike fiat currency, which is emitted in the form of paper money and metal coins, Bitcoin is a completely digital asset, which means it looks like numerous lines of codes. The codes contain multiple conditional statements. It also means that:

  • A Bitcoin wallet is an alphanumeric string.

  • A BTC transaction is an encrypted function of different parameters.

Sound too complicated? View Bitcoin as a computer file that can be stored in a ‘digital wallet’ app on your PC or smartphone. People can send Bitcoins (or parts of it) to your digital wallet, and you can send this digital money, too. Every transaction is recorded in the public registry, called ‘blockchain’.

Bitcoin

When you have a $100 paper note in your hand, you realize its value; when you transfer it to your MasterCard, you understand that you possess the same money but converted into the digital state. It’s just a number of codes on your plastic card and a banking account. The same goes for Bitcoin, but you cannot cash it out directly (it can only be transferred in fiat).

Just for fun, one Internet user has modeled a paper Bitcoin. This is what it might look like:

What would a Bitcoin paper note look like? Here’s one version created by an Internet user
Theoretically, a Bitcoin note might look like this

 

Does the gold coin have value?

If you’re into cryptocurrency and Bitcoin, most likely you have often seen the golden Bitcoin:

Beware of fraud: these coins are nothing but a souvenir!
The popular golden Bitcoin souvenir coin

“Told you! Physical Bitcoins exist!” – you might exclaim and be wrong.

Sorry to disappoint you, but it’s just another trick of souvenir sellers to make money on hype. Such an object is just a Bitcoin symbol that you can buy online for some $1-2. These coins are made of plastic or metal and are not connected to the Bitcoin company in any way. Bitcoin coin has no other value except for purely aesthetic.

It has also nothing to do with Bitcoin Cash, Bitcoin Gold, and other forks.

How to cash out Bitcoin?

Now that you know that there’s no physical equivalent of Bitcoin, you may wonder how to cash it out. The answer is simple: transfer it to fiat currency. There are several ways to get money converted from Bitcoins:

  1. Cryptocurrency exchange websites allow you to exchange regular money for Bitcoins, and vice versa. Such websites include Coinbase and Coinsquare (US & Canada), BitBargain and Bittylicious (UK).

  2. Bitcoin ATMs also allow exchanging BTC for cash. They are not so widely spread, though: you can find them in large cities only.

  3. LocalBitcoins and other similar services allow finding a seller who will buy your BTC for cash. Beware of scams and frauds!

Please note that there’s a bunch of Bitcoin projects that appear to be scams, especially investment websites and exchanges. Read customer reviews on the Bitcoin forum to make sure that website’s reputation isn’t tarnished.

Can I make purchases using Bitcoin?

Absolutely, yes! There’s an ever-growing number of shops and companies accepting Bitcoin payments. So if you don’t want to spend time and efforts on cashing out, transform your digital currency into real objects – use it for making purchases.

The list of companies accepting Bitcoin is enormous!

Restaurants

Internet services

Entertainment

Online stores

Travelling

KFC Canada

Wikipedia

Naughty America

Jeffersons Store

Virgin Galactic

Subway

Overstock.com

Badoo

Alza

A Class Limousine

PizzaForCoins.com

Microsoft

Bloomberg.com

Etsy Vendors

Yacht-base.com

Whole Foods

The Pirate Bay

EZTV

Gap

Webjet

Bitcoincoffee.com

Seoclerks.com

   

One Shot Hotels

Some projects allow users to have a plastic card that can be used as a regular bank card in any store; cryptocurrency is automatically converted into the local regular currency.

Bottom Line

Whether you like it or not, Bitcoin does not look like usual paper and metal money – it does not exist in a physical form. However, it is gradually becoming a normal means of payment and has store value. Not only the cryptocurrency community admits the potential of virtual currency – banks and corporations are eager to implement Bitcoin payments because it allows for fast transactions with minimal fees.

Some five years ago, we couldn’t even imagine that a piece of code might have so much value and power. Bitcoin is a revolutionary digital currency that completely changes the concept of transactions and is set to rock the boat of the conventional world economy.  

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What Is a Security Token Offering: Are STOs the New ICOs?

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Security tokens, a new strain of cryptographic tokens, have been an emerging trend in the industry. Will security token offerings (STOs) eventually outduel ICOs?
What Is a Security Token Offering: Are STOs the New ICOs?
Contents

2017 was the year of ICOs — investors would blindly throw money at each new project without even doing basic research. As soon as the great ICO bubble popped (with 70 percent of all coin offerings not even exceeding their initial valuation) the so-called security token offerings (STOs) have become the next big thing in the crypto space. In this article, U.Today will determine whether STOs have a serious shot at replacing ICOs.

Understanding security tokens

Before grasping the idea behind security tokens, beginner-level investors should clearly understand what a ‘security’ is. It is a basic financial term that denotes a certain financial instrument that holds some monetary value (stocks, bonds, etc.).

What is a security token then? A security token is a share that happens to reside on a distributed ledger. All the information pertaining to one’s individual investment is stored on a distributed ledger instead of a single PDF paper.

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Companies can consider raising funds with the help of STOs if their annual revenue exceeds $10 mln, or they have a highly scalable business model. They can also opt for an STO if they are supposed to have transferable shares of an asset.  

The main difference between security tokens and utility tokens is that the latter typically function as an investment (the value of security tokens is determined by external assets). Meanwhile, utility tokens are not supposed to be an investment – they simply give access to a certain product. Case in point: Basic Attention Token (BAT), the 29th biggest currency by market capitalization, underpins the Brave browser ecosystem – users are able to earn the BAT token by watching content or performing other contributions to the network.

Security  token

ICOs vs. STOs: The uncomfortable truth

In such a short span of time, more than 4,000 ICOs have managed to raise a whopping $12 bln. Everyone with ETH was able to participate in the funding of new startups. Prior to that, this market was only opened to venture capital firms since they are able to afford the risk.  

However, the uncomfortable truth is that the majority of these ICOs didn’t have anything to offer their FOMO-driven investors (apart from their white papers). Now, we are in the post-euphoria stage when ICOs are slowing down, and ‘private’ coin offerings became a popular trend (when tokens are sold to accredited investors).

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While the cryptocurrency industry is still going through its ‘growing pains’ stage in terms of regulations, STOs arise as a more legitimate option since they are not more venturesome than the ICO space that is plagued with pump-and-dump schemes and other kinds of speculations. It is mandatory for STOs to be approved by the Securities Exchange Commission (SEC), which basically makes them fraud-proof.

(thetokenist.io)

The regulatory framework of security token offerings

China, with its infamous crackdown on cryptocurrency trading, remains vigilant of STOs with Huo Xuewen, Beijing’s Municipal Bureau of Finance chief, recently defining STOs as illegal. Last year, the country also banned ICOs.  

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However, in the US, the regulatory framework for security tokens is rather straightforward. The first thing that any issuer is supposed to do is to pass the Howey Test in order to determine whether you are dealing with a security or utility token (the Howey Test examines investments, profit expectations, work efforts of other individuals, etc.).

After that, there are two options: register with the SEC or apply for an exemption (listed below). Going for full registration with the SEC is not an easy feat since one will have to overcome a slew of financial and legal hindrances. Not surprisingly, the overwhelming majority of companies prefer the second variant.      

SEC Exemption Type

Explanation

Reg D

The exemption rule that allows a certain company to cut the costs that are attributed to hosting your own private offering. Those that meet certain rules that are specified in the Red D section are not supposed to be registered with the SEC in order to offer securities.    

Reg A+

Under these regulations, securities that were approved by the SEC can be sold to retail non-accredited investors. Long story short, it allows an average Joe to invest in private companies.

Reg S

This particular exemption type pertains to the transactions that are conducted outside of the US. Subsequently, security tokens (as well as bonds and stocks) can be sold to non-US investors that meet the Regulation S requirements.       

Reg CF

This is by far the simplest option for a token issuer but the amount of capital is strictly limited to $1.07 mln. For comparison, Reg D and Reg A+ allow raising a significantly bigger amount of capital.

Picture 3Picture 4

NB! Failing to comply with the federal securities laws will result in a potential derailment of the project. Eligibility for exemption still means that any given STO is subjected to federal regulations.  

Outside the realm of traditional IPOs

  1. Programming securities. With security tokens, you are able to include additional features in already existing securities since programming code gives much more flexibility.

  2. Fractional ownership. Some markets remain available only for high net worth individuals. For instance, U.Today recently covered Miami Art Week 2018, where tokenization became one of the focal points of the discussion. Not everyone is able to shell out $100 mln for a Picasso but dividing one picture into numerous different pieces (‘tokens’) would make it easier for different kinds of investors to dive into this multi-billion dollar market.

  3. No need for an IPO. Launching your own initial public offering (IPO) will cost you top-dollar. However, the gargantuan cost of hosting your own IPO can be practically reduced to null by hosting your own IPO.

  4. More liquidity in the market. Unlike traditional stock exchanges that have specific trading hours, you are able to trade security tokens 24/7. Apart from creating a more global market (there are no restrictions pertaining to the time zone), it also brings more liquidity to the market given that there are many buyers and sellers of different ranks. It doesn’t matter if you are an 18-year-old newbie who has just $100 worth of BTC – you don’t have to be an accredited investor in order to participate in this market.   

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The growing security token ecosystem

While security tokens are gradually entering the mainstream, a great ecosystem is being built by a few companies that are willing to capitalize on the buzz around ‘the new ICOs.’ Crowdfunding behemoth Indiegogo has also embraced security tokens by tokenizing the luxurious St. Regis Aspen Resort in Colorado. The company’s co-founder, Slava Rubin, predicts that we will see more security tokens in the future, gradually disrupting a crowd-financed world. Despite the fact that major exchanges are yet to list security tokens, major players like Coinbase are already pouring big money in the STO space.

Mainstream cryptocurrency exchanges are not suitable for trading STOs given that they can’t perform proper due diligence. There are fully regulated alternative trading systems (ATS) that create a market for security tokens. Apart from issuing a security token, ATS is useful for picking a KYC/ALM provider and tackling legal hurdles with the SEC.       

Polymath, which is also dubbed ‘the Ethereum of security tokens’, is a platform that is designed to make it easier for companies to issue security tokens (everything from stocks to real estate can be tokenized). The Polymath ecosystem unites issuers, developers, investors, and legal experts. The platform functions on the Ethereum Blockchain, giving its users an ability to issue ST-20 tokens.

Poly 

POLY, with its native ERC-20 token, is used as an economic unit for conducting all operations. It can be bought on all major exchanges, including Binance, Huobi, and KUCoin.      

How to register an STO with Polymath?
Here’s a quick guide on how to register a security offering with the help of the Polymath platform.   

Step 1.  Go to the main page and click the corresponding button to issue your ICO (considering that you’ve already connected your wallet to an email wallet).     

Step 1.

Step 2. Once you’ve done that, you have to choose your token name along with token symbol, entering them in the given fields.

   Step 2.

Step 3. After completing the reservation of your token, you are required to choose your payment provider (they won’t be notified since the token is running on testnet).  

   Step 2.

Step 4. You are required to get your offering details (the timing, the coin (POLY or ETH), and the rate).

Step 4.

Step 5. During the last stage of your registration process, you are required to fill out all a CSV file with all the necessary information pertaining to your whitelisted investors.

Step 5.

Polymath is considered to be the leader in the STO market, but there are also some alternatives:

  • Harbor;

  • Securitize;

  • Securrency;

  • tZero;

  • Bancor.  

The bottom line

Looking at the present-day situation, the market share of security tokens remains minuscule compared to traditional STOs. Moreover, the whole idea of a security token may sound confusing to an uninitiated investor who asks questions like, ‘How do security tokens work?’ and so on. Some aren’t even able to differentiate them from initial coin offerings.  

Generally speaking, STOs represent a hybrid of traditional stocks for institutional investors and cryptocurrencies, satisfying the needs of both camps. There is every reason to believe that STOs could eventually become huge, potentially disrupting the current equity market in a similar way to Bitcoin threatening fiat currencies.

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Still, there is a possibility that we won’t see any competition at all. Security tokens could be utilized as a fundraising tool while utilize tokens could be useful for interacting with the dApp. Hence, there a possibility that we will see a strong coalition in the form of one ‘security-utility’ token. A dual token could fix the pain points of the cryptocurrency industry.

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How does Bitcoin make money?

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How to earn money with the help of Bitcoin and grow your cryptocurrency riches? Here are all possible options
How does Bitcoin make money?
Contents

In 1999, Professor Milton Friedman, a Nobel Prize winner in economics said:

“I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed is a reliable e-cash.”

Nine years after that, Bitcoin was created.

Upon its appearance on the horizon, Bitcoin has turned the tables in favor of digital investment. Only a lazy trader didn’t try to make riches with crypto. Indeed, there’s a myriad of ways Bitcoin can generate income for you – both humble or grandiose. So, how exactly does Bitcoin make money? We will observe the most common ways of earning the asset.

What is Bitcoin?

Bitcoin is the first decentralized currency in the world – it means that there’s no central authority controlling it (for instance, a bank or a government). The idea behind Bitcoin was explosive: it was the first financial asset that couldn’t be harnessed by any organization or person. Besides, the Bitcoin blockchain, the fundamental technology underlying it, ensures transparency of transactions – operations are impossible to manipulate. That makes data fraud simply impossible.

Thanks to the blockchain, every transaction can be verified without a central bank involved: it is processed with the help of computing power donated by the users. They help to process transactions and generate blocks that form the ‘blockchain’ and get rewarded for that in BTC token.

How does Bitcoin work?

Where did it come from? The cryptocurrency’s father is the mysterious Satoshi Nakamoto – up to date, no one knows who this person, or group of persons, really is. Anyway, Bitcoin and cryptocurrency itself have become a revolutionary way of making investments and performing transactions – digital money has the potential to change the global economic landscape seriously and irreversibly.

Here’s what Peter Diamandis, Founder, and Chairman of the X Prize Foundation, stated about Bitcoin:

“At its core, Bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.”

Why does Bitcoin have value?

Okay, if Bitcoin is a digital currency that has appeared out of nowhere, how come it has any value? Many ponder this very question. The lynchpin of Bitcoin’s success is the blockchain technology and the possibilities it provides us with. Here are a few points to consider:

  1. Bitcoin can be used as both medium of exchange, and a store of value (the second depends on the first).

  2. The Bitcoin supply is limited: it’s restricted by 21 million, and not all coins are emitted yet. As we know, deficiency adds to the price. So when all Bitcoins get mined, its value will only grow.

  3. Even though volatile, Bitcoin contains legitimacy, investors, and wide adoption – the more people get involved, the more Bitcoin’s hype drives its price.

  4. It should also be mentioned that Bitcoin’s current value is impacted by speculative interest. Although some believe it’s a bubble, price ups and downs don’t discourage traders.

  5. Bitcoin will never use fractional reserve banking – that means that Bitcoin money is backed by Bitcoin money only.

All in all, it’s us, people, making a fuss around Bitcoin and raising its price. In 2017, the crypto community has driven hype through the roof – that’s why prices edged lower.

“As the value goes up, heads start to swivel and skeptics begin to soften. Starting a new currency is easy, anyone can do it. The trick is getting people to accept it because it is their use that gives the “money” value.” – Adam B. Levine

Now that the stage is set, let’s figure out how you can reap financial benefits from Bitcoin yourself.

1000 and 1 model of making money with Bitcoin cryptocurrency

Digital currency is a stomping ground awashed with opportunities and people seeking them. We will discuss the most widespread ways of generating Bitcoin profit or earning fiat with the help of crypto assets.

1. Crypto trading

One of the fastest, simplest, and riskiest ways to make BTC is trading on an exchange. In other words, you buy Bitcoin when its price is low, and sell it when the price rises. This works the same way as with fiat currencies.

However, if you do it by relying on luck or guesswork, your efforts are doomed from the start. Professional traders dedicate a lot of time to learning how to avoid risks and predict the pricing trends. Truly successful investors know that they might lose money in the short term but win in the long term as they invest into their experience and education.

So be sure that you keep improving your trading skills – don’t just buy money blindly believing in ‘signals’ and predictions.

2. Investment in ICOs

This is a lengthy and relatively risky way that won’t necessarily make you rich. We all know that cryptocurrency taps into untouched markets; the number of projects driven by blockchain is enormous. Some focus on healthcare and genetics, while other leverage crypto payments to pay for lawyers’ and financial consultants’ services.

Every project develops its own token and launches an ICO – a crowdfunding campaign for early contributors to donate fiat/BTC/ETH and other currencies to invest into development of the project. Using their money, contributors buy the proprietary tokens. If the project becomes successful and makes it way to the crypto exchange market, you can sell those tokens for Bitcoin. Besides, the value of the coins can increase exponentially.

Unfortunately, the practice shows that 90% of projects don’t make it to the exchange market even after successful ICOs. Therefore, monitor your potential investment opportunities closely. Look at the following aspects:

  1. The team behind the project: their experience, previous projects.

  2. Advisors and sponsors.

  3. The idea and its technical implementation. It should be something outstanding and useful for the community.

  4. Roadmap and plans for the nearest and long-term future.

Do your homework before buying some new coins. Otherwise, your money will disappear with the company.

3. Lend your Bitcoins for interest

If you already have a few extra Bitcoins to spare, grow your wealth through Bitcoin lending platforms. These websites connect crypto owners and lenders for an interest rate. However, this is a risky venture: although borrowing seems to be a sure-fire way of earning money, there is a danger that you won’t get your coins back.  Since there’s no collateral that makes the borrower liable for the loan, sometimes lenders are left with nothing in the result.

4. Organize a Signature campaign on Bitcoin Talk

BitcoinTalk is a website that unites content creators and their potential readers. You can use your account signature to advertise campaigns and get paid for the content you create. The list of signatures is present on the website. 

Seems easy-breezy? Don't rush into making conclusions. To start earning money, you should become a full member of the website (because those who are not get paid less, if not paid at all). Full members are those who have at least 120 articles posted. Besides, there's a large number of limitations on a post, such as length, original content, and so on. There's also a minimal weekly post number limitation, that's why such method of earning isn't the simplest one. An average full member of BitcoinTalk gets about $5 per hour depending on how much is written and the membership level. 

BitcoinTalk membership types

5. Be a cryptocurrency writer

You've got journalistic talent? Love writing? Then why not try creating posts, interviews, and analytic articles dedicated to Bitcoin and crypto? Find a company to work for – there’s a myriad of offers on Upwork and platforms alike, and some of them can reward you with Bitcoins instead of the usual fiat currency. Forums are nothing to sneeze at, too: find specialized Bitcoin forums and offer your services.

Alternatively, you can write for ICOs and crypto-related startups for Bitcoins. Note that regular work is different from participation in bounty programs – in the second case, you will be rewarded by other tokens.

6. Sell a product or service

If you aren’t into copywriting, perhaps there’s another service you can offer. The above-mentioned BitcoinTalk features a wide range of services you can render in exchange for Bitcoin:

  • development of websites;

  • online marketing;

  • escrow agents for BTC transactions;

  • and so much more.

P.S.: Since Bitcoin allows for anonymous transactions, digital payments have become widely adopted by eCommerce stores. But, on the flip side, anonymous Bitcoin payments started being accepted as a payment for drugs, weapons, and other illicit goods – the operations are done on the so-called ‘darknet’ – the Internet where users’ activity cannot be so easily tracked. We do NOT recommend selling illegal stuff and services via the darknet for at least two reasons: it’s risky and unethical.

7. Alternative: Introduce Bitcoin payments in your business

If you have a well-established business but want to invest in Bitcoins, why not try introducing Bitcoin payments for users? Some eCommerce stores and websites have already added such options, so stay ahead of tech curve and reinforce the exclusivity of your business, too.

It doesn’t matter what you specialize in: food delivery (remember the Papa John’s pizzas bought for 10,000 Bitcoins eight years ago?), clothes, consulting services, or real estate – potential Bitcoin users are everywhere, so don’t miss out on the opportunity to attract them.

8. Paid-to-Click websites

As you may guess, these websites pay users BTC for visiting some websites or viewing advertisements. There’s a myriad of PTC websites, and Ads4BTC is probably the most popular one. You may choose between 5, 10, or 20 second videos and be rewarded for watching them. However, if you calculate your revenue, even if you watch 20 second ads on Ads4BTC all day long, you will make less than $10 a day, so it’s not a profitable option and is not worth your time, and, probably, even the electricity costs.

9. Owning a faucet

While working for faucets is a pointless venture (you can spend an hour clicking on different ads and earn some 5-40 cents), having your own faucet is a different story. You can build your own cryptocurrency faucet without supernatural efforts and start earning money soon. Such a website can earn you Bitcoins worth $1,000 and more. However, you will need to maintain the website, protect it against attacks and malware, and manage users. It requires a lot of time and effort, not to mention technical knowledge and initial capital.

FaucetHub interface

10. Micro Jobs

This option is similar to PTC websites, but in this case, you can complete small tasks for a few satoshis. Such websites as Coinworker offer a large variety of such tasks: they can start from simply testing a plugin to check whether it works correctly, or retweeting a post. It’s little money, but there is potential to earn more than faucets and PTCs can offer.

Coinworker interface

11. Promotion of Bitcoin affiliate programs

This method is often overlooked, which is a mistake, as affiliate Bitcoin programs are a great chance to create your riches. Affiliates pay users some certain commission for attracting paying customers to their service. 

A lot of Bitcoin exchanges, startups and companies have affiliate programs. You can enroll and get a personal link for people to click and get involved. 

There are many ways you can share your affiliate link:

  • make posts on Facebook;

  • leave it in the comments on forums;

  • run your own campaigns;

  • create your website where you will share links.

Being a successful affiliate marketer is a hard task: you need to have some experience and knowledge of how marketing works.

12. Playing in a Bitcoin casino

Gambling has always been a risky way of earning, and it’s not an exception when it comes to Bitcoin. But in this case, blockchain will be the warranty of a fair game.

Find reliable Bitcoin gambling websites. As a rule, such casinos give players the opportunity to check the results and make sure they were random. Decent Bitcoin casinos have enough "house edge" and are ready to show players that they don't manipulate the results.

Although it's the simplest way of making money, everything depends on your luck which, as you know, is an unstable thing.

13. Mining is the matter of the past

If several years ago ‘mine and hodl’ was the easiest and sure-fire strategy of becoming a millionaire (you could mine coins even with your smartphone), today the situation has changed completely. The difficulty of mathematical calculations required for mining continues growing with the time and number of miners involved. The truth is that now Bitcoin mining requires such sophisticated mathematical computations that usual crypto miners stand no chance – home mining rigs cannot do it. There’s a 99% chance that your hardware investments won’t be covered, even if you join a mining rig.

So if you have a few GPUs and ASICs at your disposal, it’s better to switch to another cryptocurrency.

How_does_bitcoin_make_money

14. Grow your Bitcoins through HYIPs and coin doublers

This is a highly risky way of earning. What is a High Yield Investment Program? Those are the sites that promise to double your coins in a few days or give you some very high-interest rates. What they really do is take money from new subscribers and pay off the old ones. Due to the growing buzz, a website starts off seeming legit. Besides, HYIPs always have referral programs – users are rewarded for attracting their friends.

The truth is that HYIPs deploy typical Ponzi schemes. They exist for some 3-4 months before suddenly going offline with the users’ money disappearing. No more payments are made, and people understand they have been scammed. At the moment, there’s no such website that would be called reliable – 100% of them appear to be only a cover for criminals to steal coins. If you still want to hop on the investment train and give it a try, read reviews and use Bitcoin scam test tools to check out websites.

15. Claiming Bitcoin forks and airdrops

Since 2017, Bitcoin started forming ‘forks’, or other coins. In layman’s terms, a fork is a ‘coin clone’ that emerges from the existing cryptocurrency. Every person who used to have Bitcoin before the form can also claim a new coin. The first successful Bitcoin’s fork was Bitcoin Cash, but soon Bitcoin Diamond, Bitcoin Gold, and other forks were introduced.

The process of claiming forked coins is pretty common, but you need to have some basic understanding of how Bitcoin works. Without technical knowledge, this method isn’t likely to work. Alternatively, you can work with companies that claim coins for you and take some certain commission. However, there’s a threat that they can just take your money and disappear. As soon as you claimed a forkcoin, you can sell it in exchange for Bitcoin.

All in all, airdrops and forks can bring you the highest value in a short term but are too risky. We would recommend using these methods only after learning the nooks and crannies of the claiming process.

BTC earning – methods’ risk and profitability

Tips for getting the biggest bang for your buck

Mind these aspects before you start your investment experience and try to get Bitcoins:

  1. Do your homework. Be prepared to make any purchases and trading steps. Find information about the project/ICO/website, read online reviews and join groups to ask questions.

  2. Focus on security. Like physical cash, Bitcoin should be thoroughly protected. That means you should keep your wallet backed up, use anti-virus solutions and 2-step authorization. Ideally, you should have an official wallet of the cryptocurrency you’re going to earn.

  3. Keep tabs on fluctuations. Since Bitcoin and cryptocurrencies are still at their infancy, investing money doesn’t guarantee you success because the price is ever-fluctuating. While crypto is at the early stage of its development, it’s volatile. Therefore, you should be prepared for more of a gambling than investment.  

  4. Bet on the fundamentals. At the end of the day, the winners will be the cryptocurrencies that have the most superb underlying technologies. So even if you don’t buy Bitcoin directly, choose the altcoins that are likely to get to the top. Look at the fundamentals, ideas, and technological implementation of blockchains.

Bottom Line

Bitcoin and cryptocurrencies are being introduced in different spheres of our life, steadily replacing fiat currencies and traditional investment ways – this is a spiral of development with no way to reverse the trend. While digital money creates a new era for the global economy, you should keep up with the time. Find suitable ways of earning Bitcoins, and you will enjoy financial stability in the long term.

Wikicoin
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