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HOW TO RETRIEVE STOLEN BITCOIN_ RECOVER SCAMMED BITCOIN
Beginner’s GuideCryptocurrency

How To Retrieve Stolen Bitcoin: Recover Scammed Bitcoin

by cryptocreed
written by cryptocreed

Since the cryptocurrency market is growing rapidly hackers are also finding their own methods and ways to scam people. Already millions of dollars in Bitcoin and in other cryptocurrencies are either getting hackers, stolen, or diluted by hackers & scammers.

But as we know every problem comes with a solution. If your bitcoin got stolen and you don’t know what to do then you have to stop worrying first of all. No matter how much you cry, you are not going to get it back by crying.

As we all know cryptocurrency transactions are not reversible, hence once you sent BTC to someone by mistake then you can’t hope that you will get it back by just raising a dispute as we can do in Paypal.

Now the question is what to do and how to do it. Here in this article, you will get to know the best and trusted methods to get back your stolen cryptocurrency funds.

Also, beware of fraudsters and scammers. You will find scammers who claim that they can help you to get back your crypto but in the end, they will scam you and you will get nothing.

So what you should do to recover scammed Bitcoin?

Also Read: Best Cryptocurrency Exchange In India

Also Read: List Of Multi-CryptoCurrency Wallets

How To Retrieve Stolen Bitcoin Funds

Hire Recovery Service Provider

The suitable and only best method to get your coin back. For now, there is one 1 recovery service provider that seems trusted and safe, it is a Confirm.

Confirm is the London-based registered company. Even you can trust them with their domain name, confirm.com.

They are also in news for positive reasons many times.

To contact them you have to visit their website first and then fill the form, you have to provide all the details they do ask. Once you submit your request you will get a contact back from the team in case they approve your request.

At this stage, they will tell you about the fees you have to pay. And in the end, you will get your funds back.

Actually, tracking stolen bitcoins is their job and they are good at this.

Confirm teams receives many requests regarding claims and hacks, hence it might take time to respond to you back.

Avoid Scam Recovery Teams

There are many scammers roaming on the internet. Who claims that they will help you to get your BTC back but they don’t.

What they do is just take money from you and runaway.

HooperGroup is the scam website that does claim such deals. Here you can find a BitcoinTalk thread where someone claims that he got scammed by HooperGroup. He got scammed of $50,000.

 

Do not forget to share the “How To Retrieve Stolen Bitcoin” this article so more people can be aware of it.

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KNOW EVERYTHING ABOUT FAKE BITCOIN WALLET BALANCE
Beginner’s GuideCryptocurrency

Know Everything About Fake Bitcoin Wallet Balance

by cryptocreed
written by cryptocreed

Since Bitcoin price is rising and people accepting cryptocurrency more & more the bitcoin scam is also growing fast. There are already many cryptocurrency wallets, exchanges, the platform got hacked by a hacker.

There are some simple hacks to which can be used to prank your friends.

In this post, I will tell you interesting things about the fake bitcoin wallet balance hack.

Remember if someone is claiming that he can provide you such a script or software then stay away from them, these things can create huge problems for you. Just be simple and enjoy prank hacks do not fall in love with real hacks.

Fake Bitcoin Wallet Balance APP

There is an app on Playstore which is fully made for fun. You can use this app to show your friends or known ones that you have millions of dollars in BTC.

The BTC you will get will be fake and you can just use it to show someone but not for real use. Just download the app from the google play store and select the numbers of coins you want to have in your wallet.

You can also remove the numbers of coins from your wallet, just choose the numbers of coins you don’t want to have in your wallet.

There is some other fake bitcoin wallet app too but those are very outdated.

Click here to open the app download link.

Also Read: PXBitcoin Transaction Builder

Also Read: 5 Best Ethereum Classic Mining Pools To Mine ETC

Hire APP Developer

If you do not want to purchase these tools or apps directly from sellers (of course it is not the trusted way) then choose the freelancing platform to hire experienced developers.

They will help you to get your own fake bitcoin wallet balance app so you can ensure that you are not falling into any scam.

 

I never suggest using these tools or software to scam others after all people are doing lots of hard work to earn a small amount of money and you should not take that money in just a second. Just be friendly with others. And keep sharing us.

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FaucetPay Review
Beginner’s GuideCryptocurrencyReviews

FaucetPay Review: Scam or Legit Crypto Microwallet?

by cryptocreed
written by cryptocreed

Since FaucetHub is closed there was no trusted micro wallet in the market but faucet owners don’t have to worry about it.

There are some more micro wallet sites that you as a faucet owner can use like Coinpot and Expressfaucet. I will review them later in our upcoming review posts.

FaucetPay is the brand new Crypto MicroWallet site. Let’s review Faucet Pay now.

What Is FaucetPay?

FaucetPay is a simple and secured MicroWallet site that was launched in the year 2019. It allows faucet sites to accept microtransaction from faucet sites. It allows faucet owners to host and pay payments through BTC, ETH, DOGE, LTC, DASH, DGB, TRX, and TETHER.

They have the same feature as FaucetHub of Anti-Fraud. It means on detection of the fake user or bot claim FaucetPay system will track and refund their balance to the faucet owner.

Related: Click Here To Check Other Microwallet Sites

Faucetpay Features

Faucetpay is one of the advanced Microwallet service providers. They have very extra and secured features which you can use for your faucet.

Multiple Cryptocurrencies

Currently, they support 8 major cryptocurrencies including Tron, Bitcoin, Ethereum, and Digibyte. More coins are coming soon on the platform.

Instant Crypto Swap

On the faucet pay, you can swap or exchange any cryptocurrency into any other crypto coins. For example, you have DASH then you can convert it into Bitcoin with just one click.

Faucetpay Wallet

Yes, they have a wallet but it is used for faucets and storage but I recommend not to store more than $20 to $50 at a time there.

API For Faucet

If you are a faucet owner then you will love them for sure. You can connect your faucet through API and so you can send payment to users instantly.

Rate Limits

Rate limits are a great feature to protect your faucet from abusers and hacks. You can rate-limit your faucet withdrawals to a certain amount over a time frame.

Games

Do you love to play the game? Then there are some games for you like Dice, Crashes, Limbo, Roulette, Plinko, OfferWall, and PTC.

Withdrawal Method and Fee

First of all, there is no fee for depositing any coin but yes there is a fee for withdrawing coins. The minimum withdrawal fee is 0.00025000 BTC and 0.00750000 ETH for withdrawing Bitcoin & Ethereum and for other coins check below.

Dogecoin 0.00% 1.00000000 DOGE
Bitcoin Cash 0.00% 0.00010000 BCH
Dash 0.00% 0.00005000 DASH
DigiByte 0.00% 0.50000000 DGB
Tron 0.00% 0.50000000 TRX
Tether TRC20 0.00% 0.10000000 USDT
Litecoin 0.00% 0.00005000 LTC
Feyorra 0.00% 100.00000000 FEY

Also Read: Buy and Sell Bitcoin Using Paypal

FaucetPay Referral Program

Check below how much you can earn from each referral activity.

0.50% each time your referral places a bet at MULTIPLY BTC (DICE).

0.30% each time your referral places a bet at MULTIPLY BTC (CRASHES).

0.30% each time your referral places a bet at MULTIPLY BTC (LIMBO).

0.27% each time your referral places a bet at MULTIPLY BTC (ROULETTE).

0.10% each time your referral places a bet at MULTIPLY BTC (PLINKO).

50% revenue share each time your referral exchanges their coins at our EXCHANGE.

25% of the offer reward each time your referral completes the offer at our OFFERWALL.

50% of the PTC reward each time your referral completes an advertisement at our PTC.

Is FaucetPay Is Legit or Scam?

Faucetpay is 100% legit and a trusted micro wallet site till now. I am using them since their launch any never faces any problem with them. if you are new then I recommend using them at least once, you will love to use them. Once you Faucetpay login, it is your own.

Do they have the app? there is no Faucetpay app.

FaucetPay Script and Plugins

Yes, they do have their own Faucet script and WordPress plugin.

If you are planning to use a crypto faucet on your WordPress website then you should try Faucetpay WordPress Plugin.

It is absolutely free to use, click here to access their script and plugin.

What Is Feyorra?

FaucetPay has launched its own utility token called Feyorra (FEY). They will distribute 5% of the supply via our Feyorra faucet. To check if you are eligible, please click HERE. Feyorra wallet is supported within the platform.

Feyorra to USD? no rates are disclosed yet.

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Cryptocurrency

How To Buy A Ethereum: Should I Buy Ethereum In 2021?

by cryptocreed
written by cryptocreed

Ethereum is currently in the second spot, according to coinmarketcap. With a market cap of 3542693 Bitcoin. Most people know only two cryptocurrencies and they are Bitcoin and Ethereum.

I already published many articles on Ethereum like Eth Faucet, mining guide, smart contract, and a few more.

Want to buy an Ethereum? Here you will find a simple guide on how to buy A Ethereum, most definitely this guide is only for beginners so let’s begin.

What Is Ethereum?

You should know at least the basics of Ethereum. Ethereum is a cryptocurrency like Bitcoin. It was proposed by Vitalik Buleterin in 2013 but went live in 2015. It has a block time of 15 to 20 seconds.

The ATH was in Jan 2018 that is $1448.18.

The ATL was in Oct 2015 that is $0.432979.

If someone has purchased 1000 ETH at $0.4329 in 2015 and sold for $1448.18 will get a total of $1,44,8180.00. This is what cryptocurrency is.

But currently, it is trading near $576.

Why To Buy Ethereum?

There are already more than thousands of coins trading and Ethereum is one of them. So why to buy Ethereum only? There are many reasons and there can be many reasons.

First of all, it is one of the trusted coins and holding the second spot for the last many years. Second, it is backed by smart and knowledgeable persons.

Why not to buy Ethereum? If you are a small trader then it is not for you. because the price of Ethereum is not changing frequently.

Should I buy an Ethereum? If you ask me then I will say yes but buying cryptocurrency for trading purposes or for holding contains high risk. Only use to hold when you have enough knowledge.

How To Buy A Ethereum In 2020?

Step 1: Have Ethereum Wallet

Before buying Ethereum you need to have a secure wallet. If you don’t have your own ETH wallet then I suggest checking out the list of erc20 supported wallets.

I always recommend using hardware wallets. Ledger Wallet is one of the best hardware wallets you can use to store your cryptocurrency including Ethereum.

Step 2: Choose The Exchange

This is another most important step. Choosing a trusted exchange is required. There are already more than 300 active exchanges, some of them are legit, some are scams, and some are dead.

While selecting the exchange you need to know the following things.

Withdrawal and Deposit Fee: The first thing you need to know is how much does an exchange charges for withdrawing & depositing. Some do charge some BTC and some don’t even take any fee.

Trading Fee: Most exchanges do charge somewhere between 0.1% to 0.2% on each trade. There are some exchanges that don’t even charge a trading fee.

Trading Volume: You need to check if there are buyers and sellers on exchanges or not. You can check the last 24 hours volume to know if trades are happening or not.

I already listed the best and trusted Cryptocurrency Exchanges here.

Method To Buy Ethereum Online

There are many methods and websites to buy ETH and here I am going to mention the best of them.

Buy Ethereum With Paypal

Do you want to know How To Buy Ethereum With Paypal? We know that crypto payments are irreversible but Paypal payments are hence most of the exchanges don’t support Paypal.

What if you send someone BTC and he sends you Paypal money but after a few days he reverses the payment & gets sent PayPal money back? You will be not able to do anything. Yes, you can contact support but it wouldn’t work at all.

Related: Buy And Sell Bitcoin Using PayPal

Where to buy Ethereum with Paypal? Buying ETH through Paypal is possible from platforms like xCoins, xCoins is available in more than 40 countries with more than 300K users. Not only Paypal, but it also allows you to deposit through Card and Check.

LocalCryptos is a P2P cryptocurrency exchange, where you can buy and sell ETH using Paypal and many other different payment methods. It is similar to LocalBitcoins.

But recently in mid-2020 Paypal started allowing its users to purchase four cryptocurrencies within Paypal. Users can buy ETH, BTC, BCH, and LTC on Paypal which will be started soon.

Buy Ethereum With Debit and Credit Card

Nowadays all major exchanges support Credit Card and Debit Card. If you have a Credit Card then you can go to Binance as they are trusted and fast.

Where to buy Ethereum with a debit card or credit? As most of the exchanges do support cards, hence you can use any exchange to purchase crypto.

How to buy Ethereum using a credit card?

  1. Go to the exchange site.
  2. Select ETH as purchase.
  3. Choose payment method as Cards.
  4. Enter the amount in ETH or equals to USD or any local currency.
  5. Click confirm to continue your purchase.

Buy Ethereum Instantly

Buying Ethereum is possible but does buy it instantly is possible? BitPanda and Changelly allow you to purchase Ethereum instantly. The fees on both sites are very affordable.

How To Buy Ethereum Stock?

First of all, Ethereum is not a stock. And hence you can’t purchase any ETH stock but yes now it is possible to purchase cryptocurrency Stock in various companies through FTX exchange.

Register on their website and visit their stock page. I highly suggest using the stock exchange only when you have enough knowledge about it.

How To Buy Ethereum 2.0?

Ethereum 2.0 is not any new token. You can’t buy the ETH 2.0. 2.0 Is a new proposal proposed by the Ethereum team to upgrade Ether.

Buy Ether On Coinbase

Coinbase is California, the USA based Bitcoin & Altcoin exchange. They are trusted but the fees on them are quite high.  It is available in more than 110 countries and accepts almost all local payment methods.

You can buy using USD, GBP, AUD, or EURO. Coinbase is considered the safest way to buy Ethereum in 2020.

How to buy Ethereum on Coinbase?

  1. Click here to open an account
  2. Complete KYC, it will take not more than 24 hours
  3. Add your payment methods
  4. Select ETH and enter the amount you want to purchase
  5. Click on the Buy Ethereum button.

How To Invest In Ethereum?

Ethereum is one of the best coins and the price of it is rising steadily. If you are thinking to invest for the long term then you can invest but if you are planning for instant ROI then I suggest doing some research before investing.

Investing in any cryptocurrency includes risk hence invest on your own risk.

How To Buy Ethereum In India?

In India, there are few cryptocurrency exchanges available like CoinDCX and BitBNS. You can buy ETH using INR from this website. most of this site accepts payment methods like UPI, PayTM, Bank deposit, and credit & debit cards too.

How To Sell Ethereum?

Most probably you have purchased or want to purchase ETH and want to make sure how to sell it, right? All cryptocurrency exchanges which support are open to selling ETH for example you can sell it on Binance, Coinbase, Kucoin, OKEx, or any other exchange sites.

You can sell Ethereum for PayPal too on LocalBitcoins.

Frequently Asked Question

When to buy Ethereum?

Anytime is a good time. It depends on the purpose of buying. No one knows what will be the price of ETH tomorrow or after a few minutes. How to buy ethereum cryptocurrency.

Where to buy an Ethereum at a cheap rate?

If you want to save the trading fee and other fees then go with Binance, because it offers discounts on trade and withdrawal on using BNB token as a means. how to buy Ethereum without fees.

What price to buy Ethereum?

If you are a trader then you have to keep checking the price every time and buy according to it. You can buy it now and sell it after the price goes up or HODL it.

Is it possible to buy ETH for under 18 people?

Technically it is not possible because all exchanges ask for KYC and payment methods like banks and cards are needed KYC for sure.

But yes you can use family members’ credit or debit card to purchase it, but do it under proper guidance only.

How to buy Ethereum tokens?

ETH tokens are coin in itself. So it depends on each coin where they are trading.

How to buy Ethereum anonymously?

P2P exchanges allow it’s users to do trade anonymously.

Conclusion: I wanted to add Ethereum ATMs to this list but they are not available for most people. Ether is a trusted project so I suggest keeping your eyes on it.
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Cryptocurrency

Bubblext Review – Is Bubblext Scam or a Trusted Broker?

by cryptocreed
written by cryptocreed

It goes without saying that the global pandemic is responsible for the financial downfall of most companies and countries. Even the stock market recently reached record lows in the past few months.

However, despite these record downfalls, I am not surprised to see the financial market bounce back in a considerable way. Cryptocurrencies, for the most part, have fueled this revitalization of the financial market. Even with record lows, the crypto market has been doing very well throughout these past months.  

In fact, many people have turned to the financial market in a time of rising unemployment and lockdowns. And with so many people taking their first steps into the financial market, they will need a broker to help them trade. 

Financial Options Available

Bubblext is a brokerage firm that offers a very robust selection of investment and trading opportunities. You may be wondering why you need a broker in the first place. Simply put, brokers are the bridge that connects you to your trading opportunities. And with their help, you can make smart and educated financial decisions. 

Your key financial decision will be choosing one of the three financial options that Bubblext offers. These three assets include Stocks, forex, and Cryptocurrency. 

Stocks

Let’s start off with the most popular asset every broker offers, stocks. These stocks can offer very promising returns and allow investors to have a stake in a company. Therefore, if you buy enough stock, you can become part-owner of the company. 

While it is certainly a great option in terms of its returns, it is also very volatile. Stock prices can skyrocket and fall within the span of a day, making it very risky. But if the company that you invest in does a good job, you can expect significant returns. 

Forex 

Next, we have Forex trading, which is one of the biggest financial markets in the entire world. You can trade in various currency, and hold onto it as an asset. When your traded currency moves to the position that you hoped, you can convert it into your local currency. 

A major concern that traders have before dealing in Forex is whether the broker is trading legally. Although trading Forex is not illegal, some brokers who trade in Forex do so by not following certain laws. With that being said, Bubblext trades Forex while following necessary laws. 

Cryptocurrency 

Finally, the last asset that Bubblext offers is cryptocurrency. The first thing that you need to understand about Cryptos is that they are not stocks. When buying a certain cryptocurrency you are not buying part ownership of any company. Instead, you will be buying their product. 

Trading cryptocurrency is very similar to trading Forex, where traders can trade in their currency of choice for a profit gain. These currencies work in various online stores, allowing you to use them as they are as well. 

Bubblext offers popular cryptocurrencies such as Ripple, Ethereum, and BitCoin. 

Various Account Types

Bubblext, similar to most brokers, offers traders various accounts to trade through. These accounts come with various perks and tools, allowing traders on each level to reach their fullest potential. So depending on the amount that you deposit, you will have varying tools to work with.  

Bubblext Silver Account 

The silver account is the starting account for traders, with a minimum deposit of $10,000. While this may certainly seem like a lot, it actually contains plenty of features that make up for the increased price. 

It offers a basic training center to help you learn more about trading in general, as well as 24/7 customer support. Customer support can answer any questions that you might have about the service itself. You also receive 1 on 1 basic training along with the trading news and a maximum trading size of 100 lots. 

Bubblext Gold Account

Gold account is the second tier of account types that Bubblext offers users. The gold account requires a minimum deposit of $25,000 and comes with all of the features of the silver account and much more. 

The key difference between the silver and gold accounts is the personal account manager. The gold account’s personal account manager helps with various aspects of your account. Of course, this account caters more to traders that know their way around the market. They have a deep understanding of trading and are very good at trading. 

Moreover, they will also have 400 more lots than the silver account, giving traders 500 lots in total. 

Platinum Account 

The platinum account is the second highest account type available for traders. The platinum account requires a minimum deposit of $50,000 to take advantage of its features. 

It comes equipped with all of the features of the previous account, with a few more to boot. There are no withdrawal fees when you have the platinum account, as well as no swap commission or minimal trading fees. You will also receive a VIP account manager, that will bring a lot more diversity to your account.

Signature Account

This is the highest account type that most traders can have, and requires a minimum deposit of at least $250,000. The signature account offers everything t Bubblext’s disposal. Here you will have a personal session with a market analyst as well as private banking. 

Traders that have a signature account will also have a leverage of 1:300, which puts them at an incredible advantage. They can also receive up to 70% insured contracts, allowing them to reduce their liability. 

Of course, they also have access to all the features found in previous accounts. Therefore, they also have access to trading news, unlimited lots of trading size, a full education center, and a trading algorithm. 

Take the First Step towards Trading At Bubblext

Trading has never been easy, but it will always be very lucrative. Take calculated risks and reap the benefits of your trades and investments. Remember that you will have to take calculated risks in order to make a significant profit. And through a proper broker, you can make smarter and more educated decisions.

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Beginner’s GuideCryptocurrencyReviews

Monero Review: How To Buy, Price, Arbitrage, Wallet

by cryptocreed
written by cryptocreed

When we talk about cryptocurrency, Bitcoin comes in our mind because it is the first, most used, and famous coin. The main concept of cryptocurrencies was decentralization, transparency & privacy. Every coin comes with its own unique feature and uses cases. No doubt Bitcoin is the most used coins but here Monero wins the race in privacy.

In this Monero review, we will take a deep dive into the Monero coin.

What Is Monero Coin?

The Monero is formerly known as BitMonero which was first introduced in April 2014 by BitcoinTalk user thankful_for_today, It was the fork of Bytecoin (uses CryptoNote technology). But due to some controversial changes were planned to implement which the community doesn’t like.

You can read all the original posts on the forum. After that core team did fork and implemented community-guided changes.

Most coins do some pre-mine or instamine but Monero coins didn’t mine any coin and did not allocate any coin to the dev.

Features of Monero Coin

Monero is known for its privacy. It is a Secure, Decentralized, and Private. Here are the main features of Monero cryptocurrency.

Privacy

The monero mainly focuses on its privacy. With other normal cryptocurrencies like Bitcoin anyone can track the transaction and can find out the read sender or receiver but this is not the case with the Monero.

Are monero transactions traceable? If we believe in some reports and authorities then yes, they found out the method to track XMR transactions. I will explain to you that later in this article.

Coin using RingCT, which was first introduced in the year 2017 in block no. 1220516. RingCT is the upgraded version of Ring Signature.

Ring signature allows us to hide the transaction and that makes it untraceable. Check the below image to understand how it works.

RingCT monero

Stealth Address makes privacy 100% secure. The stealth address allows the sender and receiver to keep transaction details between them.

Monero wallet lets the user create a new and one-time usable XMR address through which he or she can receive XMR. Hence it is one-time use only and has no footprints it is almost not possible to track any activities done on that.

RingCT and Stealth Address makes possible the part of the hiding profile of the sender and receiver.

Proof Of Work (PoW)

With Bitcoin, it is not profitable to miner BTC using CPU and it is only profitable using GPU which requires a huge amount of expenses, it means only those people can mine BTC who has a huge amount of money in their pocket.

Monero is different, it is based on RandomX that is useful for CPU mining.

Block Size

Another unique thing is Monero doesn’t have a fixed block size. So there will be no maximum block size and each block will be created every 2 minutes.

Is Monero Traceable?

Till mid-2020 it was not traceable, but in mid-2020, CipherTrace introduced Monero or XMR tracing tool for US regulators.

“CipherTrace delivers Monero tracing tools to the U.S. Department of Homeland Security to support investigations of crimes.”

So now can monero be traced? If we follow CipherTrace then yes it is traceable but from the Monero team, they didn’t say anything on this yet. So saying most untraceable cryptocurrency, for now, is Ok till the team does not disclose anything further.

XMR Monero Price

At the time of writing, this article price of monero coin is $112 per XMR coin. If you check XMR price chart, ATH of XMR was $495.84 on 7th Jan 2018 and ATL Monero XMR price was $0.212967 on 14th Jan 2015.

Will Monero Price Rise

According to history and the project team, it is highly possible that the price will rise. The above price prediction tool can help you to understand if the price will rise or not.

Monero Price Prediction

Predicting the price of any cryptocurrency is very tough because many things are there which matters like project, team, market, and others.

It is estimated that the price of XMR in 2025 will be $1200 and it was predicted that the price of Monero coin in 2020 should be $150 to $200 and it is around that.

Monero ROI

If you have invested in XMR in their launch, you should get 4,443.23% now.

Best Monero Wallet

I suggest using hardware wallets for better security. For daily security, you can use a desktop or mobile wallet. Never ever use exchanges to store your coins because they can get hack and you might lose your coin.

Ledger S is the recommended hardware wallet. MyMonero is best for desktop.

How To Buy Monero And Where To Buy Monero?

To buy XMR you need to have access to a cryptocurrency exchange, it is trading on almost all high and known crypto exchanges. But the problem is that there are some exchanges that don’t like to add XMR coin on their exchange because of its privacy.

Currently, it is trading on more than 60 crypto exchanges. You can buy Monero from Binance, OKEx, or HitBTC.

There are many other exchanges where you can purchase XMR but I recommend the above one only because they are highly trusted and safe.

Buying Monero is not hard, you can just create an account on any exchange and purchase it. You can also buy Monero with a Credit Card.

Why is Monero not on Coinbase? Coinbase works with regulators and Monero is such a coin that is not traceable hence they didn’t list it.

Monero Crypto Arbitrage

If you are planning to do arbitrage trading for XMR then I suggest using KoinKnight. They do support more than 30 exchanges.

How Monero Mining Works

To mine Monero you need to have a CPU or your own Monero Mining Rig. Which you can get from Amazon or from any other online seller, or else you can build your own by purchasing its parts.

Which Monero pool to use? You can use either NanoPool, MineXMR, or any other XMR pool. They all are the best and trusted.

How much Monero can I mine per day? It depends on the device you are using GPU can mine more XMR than CPU.

Can Monero be mined with GPU? Yes, it is possible to mine it with GPU plus with CPU.

Monero Team

According to their official website, only two team members revealed their faces and the other five decided to remain anonymous. There is a total of seven main developers and other developers who helped to improve the coin.

Some rumors say that Satoshi Nakamoto is behind the Monero coin, who knows.

 

Frequently Asked Question

Can Monero Scale?

By using RingCT, makes it less scalable than Bitcoin and any other cryptocurrency.

When Is Monero Fork?

The fork was planned for October (according to the community) but later it was canceled.

Will monero replace bitcoin?

No, it can’t replace BTC. Both coins are different. You can’t purchase things using XMR but you can do that with BTC. So Monero can’t overtake bitcoin.

How I can get free monero

There are some faucets through which you can get free XMR, one of the known faucets is earncrypto.

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Cryptocurrency Payment Gateway
AltCoinBeginner’s GuideBitcoinCryptocurrencyGeneral Info

Top 5 Cryptocurrency Payment Gateway – 2021

by cryptocreed
written by cryptocreed

You might want to add a bitcoin payment gateway in your websites or projects. There are many cryptocurrency payment gateways on internet but only few of them provide free and secure service. 

In this post, you will find 7 best cryptocurrency payment gateways. Some gateways come with plugin and some don’t.

Plugins are easy to use as you don’t need any coding knowledge but the one which doesn’t provide plugin you need to do coding work to integrate API.

 

1. CoinPayments

CoinPayments was launched in 2013 and it is the most known cryptocurrency wallet plus payment gateway. Currently accepting more than 1740 cryptocurrencies including Bitcoin, Litecoin, Ethereum, and their own coin. It is one of the best cryptocurrency payment gateways

CoinPayments has ready-made plugins for aMember Pro, Arastta, Drupal, Magento, OpenCart, Shopify, WooCommerce, and many more. merchants can get Plugins, Donation Button, Simple & Advance Button, API, Invoice Builder, POS Interface, and Shopping Cart Button. The merchant fee is 0.5%.

Coinpayments provides a simple guide to install Payment Gateways.

2. CoinBase

CoinBase is one of the biggest online cryptocurrency exchanges and payment gateway as well. The headquarter is located in the United States. It is not only the best cryptocurrency exchange it is also one of the finest Cryptocurrency Payment Gateway.

Coinbase doesn’t charge any fee but in order to withdraw funds, users have to pay network fees. Must check here if your country is supported by CoinBase or not.

There are various methods to use coinbase payment gateway. Shopify, Drupal, Web buttons, API, and email invoice. Check out coinbase gateway integration guide here.

3. CoinGate

CoinGate allows merchants to receive payments through mobile through PoS. The CoinGate allows merchants to accept more than 40 cryptocurrencies.

The fee is 1% on all types of transactions.

Accept Bitcoin & Altcoins on WooCommerce, Magento, PrestaShop, WHMCS, and more. It connects shapeshift with merchants to customers. You can view a demo of coingate payment gateway here.

4. BitPay

BitPay was founded in 2011 and BitPay processes 200K transactions every month. Using BitPay merchants can accept Bitcoin plus 8 fiat currency. Users can get a BitPay VISA card for US applicants only.

Different integrations can be used by merchants. WooCommerce, Magento, Easy Digital Downloads, Zen Cart, Shopify are supported. Merchants can receive payment via email.

5. GoUrl

GoURL is an open-source project. It is located in the Commonwealth of Dominica. GoURL charges are different from free to 3.5%. GoURL supports Bitcoin, BitcoinCash, BitcoinSV, Litecoin, Dash, Dogecoin, Reddcoin, Potcoin, Feathercoin, Vertcoin, Peercoin, MonetaryUnit coins.

It offers free customer support. The positive side of GoURL is it doesn’t allow merchants to transfer funds to the bank account. GoURL plugin is available on WordPress.

Some Other Cryptocurrency Payment Gateway

This is some newly launched or less known bitcoin payment gateway. You can use them at your own risk.

SpectroCoin

Spectrocoin is Lithuania based Bitcoin payment gateway. Not much information on fees but it is said that they have a 1% fee on all transactions. Payment plugins for VirtueMart, Drupal, OpenCart, ZenCart, Magento, Prestashop, as well as several other shopping sites.

All withdrawals and deposit fees can view on their fee page. They have different options for all countries go on this page and select your country name you will find fees and all other details. SpectroCoin support system is available as Live Chat on site.

B2Binpay

B2BinPay allows any business to securely and cost-effectively Send, Receive, Store, Convert, and Accept Cryptocurrency Payments Online.

The processing fee is 0.50%. It allows you to Download reports, real-time balance, and transaction history.

Their plugins are available on  Woocommerce, Magento, and PrestaShop. They do support more than 20 coins and tokens including Bitcoin and Ethereum.

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Cryptocurrency

Top Issues Preventing Major Blockchain Adoption

by cryptocreed
written by cryptocreed

What is the regulatory framework of cryptocurrency in different countries? Blockchain is one of the greatest buzzwords both in the finance sector as well as technology in this dynamic world.

From storing its data in a tamper-proof way to being an asset to a wide range of businesses beyond finance and tech, there is no doubt that this revolutionary change would greatly impact the world. However, there are several hurdles that tend to hinder the growth of blockchain. Slow transaction speeds, lack of conventional standardization, and anonymity, which threatens data privacy, are some of the key issues. The following hurdles have to be overcome to realize the full adoption of this technology.
 
1.) Criminal connection
The anonymity feature of blockchain is not only an attraction to experts but criminals as well. No one can know your true identity since the nature of the network is decentralized. This decentralization is one of the primary targets of the black market, as well as the dark web. It’s natural for people to stay away from any criminal association, and those who know that they would make a fortune out of it would rather utilize this anonymity to run their illicit business dealings. Criminals now use bitcoin and other altcoins to buy illegal items and ask for crypto coins as an exchange for illicit dealings. The only way to bring this to an end would be to look for better blockchain implementation.

 

Also Read: Xch4nge P2P Crypto Exchange 

Also Read: 9 Best Bitcoin and Cryptocurrency Exchange In India


 
2.) Energy consumption
One of the greatest challenges of bitcoin is its colossal consumption of electricity triggered by its carbon footprint. For each transaction made on the blockchain, the miners have to validate their transaction and update the ledger: this tedious process is called proof of work. During this mining period, electricity is one of the pillars, and a whopping 90% of this cost is incurred by electricity. One of the contributors to this high cost of electricity is the use of a GPU rather than a central processing unit. The instruction rate given to the computer by the GPU is transferred at a very slow rate, hence the high cost of electricity. This major drawback is pushing away experts who prefer using this technology.
 
3.) Legal uncertainties

It is a shame that regulations have not kept the pace that this blockchain technology is moving with. Any regulation that would appreciate and protect blockchain applications would be a big break in this adoption. This body would also need to deal with the problem of smart contracts,
which differ substantially from the traditional legal contractors since they are autonomous, and execute independently. The legal recognition of blockchain, on the other hand, is a great challenge. There is no central location that would rule on such matters, and the complexities of international laws have hampered the jurisdiction of this technology. Even if the legislation is brought on board, there could arise challenges that would affect the court’s ruling, and worse still, there could be a possibility of pulling down data stored on the blockchain. Such regulatory uncertainties tend to discourage blockchain users.
 
4.) Little awareness
Many finance experts have very little knowledge of the operability of blockchain, and many consumers have fears of the unknown and non-tradition transactions. The success of any financial institution largely depends on numbers, and this particular factor is crippling blockchain. A huge mass of individuals and firms willing to steer blockchain to the next level is vital in making this a viable financial solution.
 
5.) Privacy concerns
Privacy is a whole new thing in the blockchain. The two don’t go well with each other since the public ledger fuels the system, and so privacy is not a primary concern. This whole idea of privacy and whether or not companies can function well without it is becoming a paradox. Well, an organization that has no well-defined boundaries is highly unlikely to thrive in the business. Most clients would not entrust such firms with their data since sensitive information could be exposed. If all the client records are stored in a public ledger, there would be no privacy. Federated blockchain should be used to enhance privacy to ensure there is limited data access on the blockchain.
 
6.) Insufficient standards and best practices
Uniform and conventionally agreed-upon standards are crucial for the operability of global revolutionary technology. Blockchain is still evolving, and this means that there is a lack of uniform standards meant to define an ideal adoption. Conforming technological elements and areas such as asset ownership and transfer are needed for blockchain. Also, there are limited production environments though there has been reported a rise in numbers. To solve this drawback, there is a need for the integration of blockchain with legacy and existing systems.


7.) Scalability
Each additional transaction piles up an extra block to the chain of transactions. Each block subsequently increases with data since it also stores the information about the blocks that came before it. When more people join the network, the transaction histories of individual coins grow, and the susceptibility of collapse is extremely high. One other challenge faced by blockchain scalability is the low speeds for volume in bitcoin transactions. A few POS protocols which are faster than visa and PayPal would be a solution to this problem. This would create lightning
speed networks that could be powered by new technologies, which would upscale the speed of blockchain and its usability
 
8.) Flaws in technological design
Blockchain technology is still in its growth stage and has several perks, as well as several cons. It lacks in many ways technologically, which is often associated with coding flaws or loopholes. Even though bitcoin was the pioneer in this, it had an inefficient design, which ethereum tried to cover up, but it was still not enough. For instance, Ethereum’s decentralized application allows developers to implement dApps based on their system. This design has been incorporated in Ethereum to the latter. However, most of them have false coding and loopholes that could be utilized by unscrupulous hackers to access the system. Such flaws are a great compromise and liability to blockchain in terms of security.

Griffex is a marketplace for smart sale and purchase of cryptocurrencies, a flexible trading platform presenting an opportunity for seasoned investors, retail traders, and cryptocurrency enthusiasts at managing a multi-currency investment portfolio. Griffex adores the flexibility of trading with multiple cryptocurrencies, the sensational charm in new-age commerce and financing that has attracted millions towards this revolutionary mannerism of investing. 

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litecoin mining
CryptocurrencyLitecoinMining

How To Mine Litecoin – Simple Litecoin Mining Guide

by cryptocreed
written by cryptocreed

Litecoin ranks 4th on CoinMarketCap, it was launched on 7th Oct 2011 by Charlie Lee, an ex-Google employee. Litecoin is the fork of Bitcoin. The main feature of Litecoin is it has a lower block generation time of 2.5 minutes and different hashing algorithm. Litecoins all-time high rate was 375$ on 17th Dec 2017. The current rate of Litecoin is 100$ (while writing). Let’s learn more on Litecoin Mining

Litecoin is the lite version of Bitcoin ~ ANN Thread

It is profitable to mine any coin when it launched first but after a few months and difficulty, it is not profitable. Like Bitcoin, nowadays bitcoin mining is not profitable. The same case is with Litecoin, you can mine Litecoin but you need high-quality equipment to mine Litecoin in profitable ways.

It is said that miners can’t make money using CPU’s or GPU’s but using ASIC’s is profitable. Let’s check out how we can mine Litecoin and in profitable ways. Lee says If Bitcoin is Gold then Litecoin is Silver.

Things that you need to have before start Litecoin Mining are Litecoin wallet, Mining Pool, Cloud mining sites(for cloud mining) & Hardware (for GPU mining), Mining Software, Exchange sites.

Litecoin mining book tutorial

Litecoin mining tutorial by Jeff

Litecoin Wallets

The first step in starting mining is having a Litecoin wallet. Without wallets, you can’t start mining because you need to store your LTC somewhere. Click here to get your own Litecoin Wallet. We recommend using Hardware wallets.

Methods To Mine Litecoin (Cloud & ASIC Mining)

Cloud Mining is low-cost mining but having more risk than ASIC mining. Cloud mining means you are using someone’s hardware. For example, there is a company that has a mining farm and they allow the public to purchase hash/part of the output. The following are some trusted cloud mining sites.

Genesis-Mining: Genesis mining is one of the oldest bitcoin cloud mining companies or sites. The company is based in Hong Kong but the founders are from Germany. 7 coins are available to mine are Bitcoin, LTC, Dash, ETH, Zcash, XMR, and Monero classic. Companies HQ is located in Hong-Kong. The problem with genesis mining is their customer support is very slow.

Use promo code: KeRypm to get 3% off!

Eobot: The site is active since 2013 from LA. EoBot supports more than 10 coins including Ethereum. Outputs are updated every 60 seconds. The fees on EoBot is high and complex to understand, check fees page of Eobot to understand.

ASIC Mining stands for Application-Specific Integrated Circuit. ASICs are more powerful than CPU & GPU. ASIC is made to mine specifically any one coin which makes it more powerful. You can mine using GPUs but it’s not profitable in any sense. Below are some best ASIC Miners.

AntMiner L3+: It is the “World’s Most Powerful and Efficient Litecoin Miner”. Antminer L3+ is scrypt algorithm based it means users can mine any coin supported on scrypt algorithm. Currently, there are more than 100 coins based on Scrypt Algorithm including Litecoin and DogeCoin.

AntMiner L3+ can be purchased from the BitMain shop but you can search on eBay and amazon too but make sure to check buyers’ profile first before purchasing.

Always purchase Mining Equipment from the original manufacturer.

Litecoin Mining Pool

There are two ways to mine Solo and Pool. In solo, you have to mine alone and it may take months or years to mine one Litecoin for solo miners. In a pool, where all miners come and mine as a team. Check some best Litecoin Mining Pools below.

  1. LiteCoinPool: One of the best and oldest mining pool, started in 2011. The payment system on LiteCoinPool is PPS (Pay-Per-Share). There are a number of features that make this pool different from others you can read features on their homepage.
  2. ProHashing: Started in 2013 with supporting not only LiteCoins. Users can get the reward in any coins they want for more details visit here. ProHashing is using the PPS method.

Click here to find out more litecoin mining pools.

Litecoin Mining Software

Mostly ASIC miners come with pre-installed software. Users just need to plug in and start mining. Click here to check out all litecoin mining software.

All statistics related to Litecoin can be viewed here.

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AltCoinCryptocurrencyMining

10 Best & Top Ethereum Mining Hardware ASIC (GPU) [2021]

by cryptocreed
written by cryptocreed

Ethereum is the second-largest market cap cryptocurrency for now. It has a more than 21 billion market cap at the rate of 208$.  Mining  Ethereum is not easy for a starter, who is looking to earn ETH at a cheap rate. You can earn/mine Ethereum in profitability only if you choose the right hardware.

Different hardware has different features so choosing the best hardware is not always an easy task. That’s why we here listed the best Ethereum hardware for you.

Here is the list of Ethereum mining best GPU and best GPU for Ethereum mining.

How Important Is Ethereum Mining Hardware Are?

Choosing the best ethereum mining rig or hardware is a very important part of the mining journey. Because your ROI depends on it. If you choose a bad one then it doesn’t matter how low you mine.

How Much Does It Cost?

In market there are different types of GPU’s are available. You can choose any of them according to your budget and need. But I will suggest going with Radeon R9 HD 7990 because it is budget-friendly and profitable too.

You can also go with high-cost GPUs if you have a big budget. You should know that, mostly, costly rig’s gives more ROI.  Maybe the Ethereum mining hardware price is different from one shop to another.

Where I can Get Ethereum Mining Hardware?

Most of this hardware is available on Amazon and eBay. But I suggest purchasing from Amazon or you can set the first prioritize to Amazon as most of the hardware available there are legit and safe to use.

Also Read: Basic Ethereum Mining Guide

Also Read: Know How To Build Own ETH Mining Rig

Ethereum Mining Hardware Comparison

Below are the list and comparison of the best Ethereum mining hardware. You can compare them and choose the best out of them.

Best Ethereum GPU List

Ethereum Mining Hardware Calculator

Mining Ethereum or any other cryptocurrency depends on various factors which include electricity rate too. Before buying any hardware you should check their profitability by comparing them on the CryptoCompare mining calculator. Most of the miners are using Nvidia and AMD hardware because of their good quality.

 

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