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  • Basic Crypto Terms You Should Know

    Basic Crypto Terms You Should Know

    Using crypto might be challenging if you are not familiar with the so-called crypto language. As a matter of fact, some users are even attending crypto seminars to understand what digital cash is all about.

    Now that we have everything on the internet, here is a quick guide about all the crypto terms explained in simple terms.

    Cryptocurrency

    It is described as digital money that operates on blockchain technology. Unlike your traditional currency, it is decentralized or not controlled by the government or any financial institution.

    Altcoins

    It is basically any other digital currency other than Bitcoin. It is also referred to as alternatives to Bitcoin. In fact, there are more than 5,000 cryptocurrencies in the market right now. Some of these altcoins are:

    Blockchain

    It is described as a distributed ledger system consisting of blocks. These blocks contain all of the verified transactions. What’s amazing about it is that aside from being decentralized, it is also immutable. It simply means that entries included in the blockchain cannot be erased or edited easily.

    Address

    Think of it as your home address but replace it with random numbers and letters. Just like your home address, it determines the destination of any crypto payment. This is also used every time you deposit or withdraw your winnings in any casino site.

    Mining

    It is a process wherein miners create and verify cryptocurrency. Mining also involves complex mathematical problems. The best thing about mining is that it is profitable.

    Cryptography

    It is basically the process of encoding and decoding information using complicated codes. It is also a way to secure all means of communication from malicious third-parties or hackers lurking in the dark. There are three types of cryptography, these are:

    Secret Key Cryptography (SKC)

    It is a single key for both encryption and decryption. It is the sender’s and the receiver’s key.

    Public Key Cryptography (PKC)

    This key is mostly used for authentication, non-repudiation, and key exchange. Unlike SKC, there are two keys. One for encryption while the other is for decryption.

    Hash Functions

    This is the type of cryptography that does not use any keys. Once it is transferred, it is not recoverable.

    Fork

    It is a change in currency’s rules or protocol. It can either be a hard fork or a soft fork. Forking also means a split in the blockchain network.

    In the blockchain fork, anyone can propose improvements and change the code.

    Volatility

    It is the movement of crypto’s value in the market. It can also increase and decrease at any time.

    Initial Coin Offering (ICO)

    This represents the organizations that offer digital tokens to the public to raise money. For instance, if you can mine a specific number of blocks, an organization will reward you with tokens.

    Cold Wallet

    It refers to storing your coins away from the web. It can be in a flash drive or an offline Bitcoin wallet.

    Hot Wallet

    It is your crypto wallet that is connected to the internet. It is also encrypted with random numbers and letters to protect your funds from hackers.

    Fiat Currency

    It refers to any currency issued by the government or any banking institution. It can be dollars, pesos, rupees, riyals, and many more.

    Pump and Dump

    It is described as a form of market manipulation by traders who artificially inflate prices and leave the market. This is also the reason why there is a sudden drop in the coin’s value.

    Cryptocurrency Exchange

    This is a platform used to exchange fiat to cryptocurrencies. It is like a forex trading platform but for cryptos.

  • Coinbox.org Adds Cryptocurrency Staking to the Wallet

    Coinbox.org Adds Cryptocurrency Staking to the Wallet

    With Coinbox.org, users can now generate passive income – just by keeping cryptocurrencies in a special wallet. This new feature offered by Coinbox.org is called staking. It can be a great way for hodlers to increase their cryptocurrency assets easily and effortlessly.

    Staking networks use Proof of Stake as their consensus algorithm. To better understand what it’s all about, you need to get hold of this concept.

    Both Proof of Work (PoW) and Proof of Stake (PoS) share the same goal, which is achieving consensus in the blockchain. But the processes that allow reaching this goal in these systems differ from one another.

    Blocks on PoS blockchain platforms are “forged” rather than mined. Contrary to the way it works in PoW systems, PoS networks blockchains can develop and validate new blocks with no special hardware (for example, ASIC). Thanks to Proof of Stake protocols, any user who is in possession of the minimum required balance (stake) of a specific cryptocurrency can confirm transactions and earn staking rewards. In PoS systems, those “guarding” the coins always own the coins, and the larger the amount of those coins, the bigger are the chances for a node to be selected as another validator.

    However, blockchain developers who created the PoS algorithm quickly understood that the selection by the stake size only would result in centralization, which, obviously, would be highly undesirable. That’s why other selection methods (like coin age-based selection and randomized block selection) have been added.

    Coinbox.org has now introduced staking for ALGO

    ALGO is the official native cryptocurrency of the Algorand blockchain network. Logically, it’s based on the open PoS Algorand blockchain platform. Unlike most other public blockchains, this scalable platform boasts fast transaction processing time while sticking with the decentralization.

    The advantages of Algorand Technology are the following:

    • Validators don’t risk to be slashed (slashing is an event where the validator gives up a defined amount of staked coins which are then redistributed to other stakeholders or burned).
    • It’s impossible for the minority and it makes no sense for the majority to cheat the system because it would devalue their holdings.

    Annual Percentage Yield (APY) is the interest rate that reflects the total amount of interests, in this case, staking rewards, that are predicted to be earned in one year. Currently, it’s 6.12% for  ALGO.

  • Buffett is Seeking for More IPO Investments? The AI-Driven Fintech RoFX May Be The One

    Buffett is Seeking for More IPO Investments? The AI-Driven Fintech RoFX May Be The One

    Volatility in the Forex market brings ample opportunities to speculate and earn profits. However, the risks associated with Forex trading makes it hard to earn consistent profits. Amid the pandemic of Covid-19, clients of RoFX- the robo-advisor for forex trading, received significant benefits from the volatility of the market.

    Due to the credible algorithms and trust of clients, the services of RoFX are listed among the top Forex managed accounts. Additionally, the pre-IPO of RoFX is also explicitly arranged to target the company’s current clients to earn a stature in the market like none. The company is exerting efforts to equip traders with the best possible trading options, so the robo-advisory investing software will be all set for IPO in the first quarter of 2021. The expert, common with the negotiation process, exposed that RoFx is about to go public as the company became Warren Buffet’s acquisition target. Berkshire is in the discussion for purchasing the RoFx majority stake.

    The Ideation Behind RoFX

    A group of developers and Forex traders came together to develop an AI-driven robot to provide top-notch financial advice. Their efforts turned out to be successful in 2009. At first, the developers used their private funds to realize their dream. But over the years, the software earned massive profits, and they considered making it available for public use in 2010. They soon achieved the milestone of getting more than 50,000 active clients worldwide, as per the company’s information. Today, RoFX operates in Miami, USA, and Hong Kong, having headquarters in London, UK. 

    In 2016, the combined research from three universities outlined that “Computerized algorithms trading is becoming the dominant technology in the field on trading for financial markets in the machine age.” Their words came into realization in the following years, and automated trading operations replaced manual order execution and data analysis. It was possible because of AI technology development. It led RoFX to set benchmarks in the market as well. As RoFX operates as a software provider, it isn’t regulated directly by financial authorities. However, its association with top-notch American, Asian, and European brokerage firms is proof of its legitimateness. 

    The Competitve Edge of RoFX 

    The returns that traders get from RoFX are inimitable. You will get a higher share in daily profits and losses; the latter is backed by substantial risk coverage. Apart from this, 24/7 support and the reliable algorithms of the robo-advisory system bring significant outcomes from the investment. 

    Convenient Trading Option

    RoFX manages clients without any discrimination. It offers an effective mechanism and user-friendly interface to provide the best user experience. The algorithms make the trade easier for both cryptocurrency and Forex fanatics. The multi-currency funding enables everyone to trade and take out the profits with daily, weekly, monthly, and total withdrawal features. 

    Resilient Risk Management

    RoFX doesn’t leave clients in the middle of anything. The reserve funds are always there to compensate for any negative trading results. The stop-loss reduces risk, and the high-end algorithms provide the best financial advice to traders. AI robot, loss coverage guarantee, and the reserve fund, help RoFX revolutionize risk management in the field of Forex trading. 

    RoFX is for Amateurs As Well As Experts

    Traders of forex market need sufficient knowledge and expertise to earn significant profits. However, this isn’t the case while trading through RoFX. Amateurs and experts can make huge profits without spending hours in front of the computer screen. Artificial intelligence in the field of forex trading is a boon for amateurs. There isn’t any need to have prior experience and analyzing abilities to be successful. Traders don’t need to try various investing strategies as the AI algorithms will devise the best way to do so. This is one of the most compelling reasons to choose a machine learning algorithm because it will automatically synchronize the trading signals with the best suitable strategy. 

    Customer-centric Approach

    Robust risk management, ultimate client support 24 hours a day and 7 days a week make it the best choice. RoFX also ensures that the information collected from the clients will be secure. However, the main reason for expanding customer reach with each passing day is the performance fee. The fees vary with the type of account you are signing up for. But to give you a rough idea about the performance fee, it fluctuates between 5% to 50%. 

    Performance  Facts and Figures

    RoFX has devised strategies to take the traders on the path of success. Feedback from clients, verified statistics from a reliable source, and the platform’s website provide evidence that RoFX is the best choice indeed. 

    • Around 81% of the trades on RoFX convert into whopping profits.
    • The long and short approach of the AI adjusts significant forex pairs to provide the traders with beneficial information. The statistics on the platform’s website clearly depicts how sparse investments can translate into enormous profits. 
    • The performance fee range of 5% to 50% enables traders from different backgrounds to invest in forex trading as it stands at 0.38% of the standard profits and losses that the trader earns. The losses are backed up by the reserve funds to ensure traders don’t have to suffer from the loss. 

    Wrapping Up!

    The perfect combination of the Forex trading robot and the loss-coverage guarantee offered by RoFX is revolutionizing the forex trading. Experts, as well as amateurs, can also reap the benefits of trading. Who doesn’t want to have a stable income to live a hassle-free life in this competitive era? RoFX has come up with the ultimate solution to let you earn massive profits from forex trading. You can actively take part in the bidding process with expert advice from AI-driven robots.

  • Can Bitcoin Gambling be a realistic form of income

    Can Bitcoin Gambling be a realistic form of income

    Gambling has been around for centuries and will always stay a constant part of human nature. It’s full of adrenaline, it’s fun and it actually can bring realistic income. There are tons of examples of people truly gambling for a living, making money every month due to their skill and knowledge. It’s hard to reach this level of expertise as a player, but it’s certainly possible. When it comes to such players, Bitcoin Gambling seems to be the best solution because of certain characteristics that come with the use of the popular virtual currency. Recent events have shown that it might be a good idea to invest, and if you’re an enthusiast of casinos, make it through the BTC gambling. 

    How did Cryptocurrencies become so popular?

    Right from the get-go, at the moment of Bitcoin’s inception, some people realized the potential that this virtual entity possessed within itself, actually, the first ones were probably Bitcoin Gambling websites. As time progressed and BTC started becoming more mainstream, the investment world turned its attention to the emerging cryptocurrency. Around that time the boom of the BTC happened and its price clocked at around $20K, making it an almost overnight sensation. After this famous event, the whole world learned about its capabilities and many realized that was money to be made through the emerging technology.

    Cryptocurrencies during the pandemic?

    While Bitcoin Gambling was getting more popular, the 2020 global pandemic happened and shocked the whole world with its heavy blows to the economy. It didn’t faze crypto casinos though, due to the connection with Bitcoin, which was only thriving in the economically devastating times. While everything else was being devalued, BTC was only getting more expensive, rising from approximately $6K to $11,000. This is where gamblers understood that Bitcoin Gambling can be a definite form of creating real income. 

    How to earn money through BTC Gambling?

    The fact that the value of BTC is almost always rising is one major factor that prompts people to turn towards Bitcoin Gambling. The simple fact is that during the gameplay, your asset keeps on accumulating even by itself. In order to truly be able to make a monthly income from BTC Gambling, you got to become really skillful at it. The second requirement is to find a Bitcoin Gambling website that gives you a fair chance to win, while at the same time providing the best deposit and cashback bonuses, lots of free spins and so forth. This will increase your chances to win tenfold.

  • Ethereum Casinos gaining popularity

    Ethereum Casinos gaining popularity

    The undisputed king of cryptocurrencies when it comes to both investment and gambling industries is Bitcoin but coming in at close second place is always Ethereum. ETH Casinos have been around for quite some time now, and they’re gaining more and more popularity each year. There are reasons behind this rapid rise and they are directly correlated to the advantages of the Ethereum Casinos. These advantages are fairly similar to the ones that BTC brings to the table, although there are some even better attributes that only ETH Casino participants can boast in their everyday gameplays. So, why is Ethereum Gambling gaining so much popularity in recent years and why should you definitely give it a go?

    Ethereum Casino’s Familiar Advantages

    Just like the BTC, ETH gives the players certain benefits that no other form of gambling even remotely can come close to. The first and foremost is of course the amazing speeds of transaction that can only be achieved using cryptocurrencies. Both Deposits and Withdrawals happen unbelievably fast, compared to the classic casinos that take days to finalize transfers, due to intermediation from the banks. ETH Casinos enjoy the higher levels of security due to the decentralized design of cryptocurrencies, which are almost impossible to hack or tamper with. Last but definitely not least is the anonymity of the Ethereum Casino. While playing, all your information stays completely hidden from any third-party interference, making you invisible to unwanted attention. 

    Difference Between BTC and ETH Casinos

    Although fairly similar, ETH Casinos and BTC have slight differences, where Ethereum takes the game to even bigger heights. Both of these cryptocurrencies are lightning-fast, but Ethereum is even faster. It takes half of the time that BTC requires to finalize the transaction. We are talking about the literal minutes, and sometimes even seconds. This is due to the second difference, which is the smart contracts. SC is the revolutionary exclusive of the ETH which serves as a digital contract between the Ethereum Casino and the players for the transactions.

    Where to find the best Ethereum Casinos?

    It’s all about the reputation in the gambling industry and of course the offers that various Ethereum Casinos provide to their players. It’s easy to find certain review websites that pit ETH Casinos against each other and inform you about the in-depth details about the top casinos of the industry. All you have to do is choose the best option for yourself and start playing.

  • The Difference Between Coins and Tokens

    The Difference Between Coins and Tokens

    In simple terms, a coin is a cryptocurrency that has its own blockchain. Coins are usually created for new purposes and they are inspired by innovative ideas.

    In contrast, a token is a cryptocurrency that doesn`t have its own blockchain. Tokens exist on top of a blockchain that has another native coin. For example, MKR is a token on the Ethereum blockchain, which already has a native coin called ETH.

    The most popular blockchain for issuing custom tokens is Ethereum. Most of them are created in compliance with ERC-20, which is a special standard in the Ethereum ecosystem.

    The cryptocurrency space is very risky. Entering this volatile market requires knowledge and education. You have to know about different kinds of cryptocurrencies like coins and tokens. When you have deep knowledge about this space, you can trade or invest in a safer way and risks will be reduced to a great extent.

    You have probably heard about Bitcoin, but there are many different altcoins and projects in the blockchain world. Blockchain is the technology behind bitcoin and many other cryptocurrencies. Generally, all cryptocurrencies that are not Bitcoin are referred to as “altcoins”. Ethereum, XRP, Litecoin, TRON, and EOS are among the top altcoins of the crypto space.

    What is a coin?

    A coin is a cryptocurrency that has an independent blockchain. Coins usually have a wide network and these networks are designed for special goals. ETH is an example of a coin. Ethereum is a smart contract platform that allows users to create a wide variety of blockchain-powered applications. Coins are often inspired by past technologies or other cryptocurrencies and combine them into a new network with unique capability. XRP, Litecoin, Dash, and Cardano are examples of coins.

    What is a token?

    Tokens are designed on top of existing blockchains like the Bitcoin blockchain or the Ethereum blockchain. A token can be created by anyone. All you need is a little bit of cryptocurrency, an existing blockchain, and some coding knowledge.

    Tokens are normally designed for use in very specific applications. Bancor, PowerLedger, and Basic Attention Token are some examples of tokens.

    Final thoughts

    At the moment, most blockchain-based projects are using Ethereum to create their tokens. There are many ERC-20 tokens in the blockchain space these days. Creating an ERC-20 token has a lot of advantages for the project compared to other options. ERC-20 tokens can easily be integrated with other Ethereum-based apps, giving the tokens more potential to achieve high liquidity and utility. A cryptocurrency exchange is required for converting coins between each other, but tokens can often be swapped directly on the blockchain. Understanding the difference between coins is one of the key steps when you are getting started with the complex world of cryptocurrency and blockchain technology.

  • Binance trading report for September 2020

    Binance trading report for September 2020

    The cryptocurrency market was rising in previous months, but September was different and bitcoin declined by 7.5% during the month. Bitcoin is still the king of the cryptocurrency market and practically all altcoin movements are under influenced by the Bitcoin price action. Therefore, it’s no surprise that the crypto market as a whole was bloody in September.

    At the same time, there was a pullback in the equity and gold markets. This pullback in traditional markets influenced bitcoin and it declined to a low of $9,800 dollars. The greenback was an exception in this space and it recovered from its previous decline. There were a lot of reasons for this recovery, including the impending elections, the resurgence of the pandemic, and so on.

    Bitcoin futures experienced a sharp fall on Binance. Most of the trading activity was done for protection and risk management during this period. DeFi certainly wasn’t spared in this environment and most decentralized finance platforms experienced huge corrections. For instance, Sushiswap lost around 70% of its value in September.

    Trade Bitcoin on Binance

    A large sell-off occurred and it created a buying opportunity for long-term investors. When “weak hands” are not delighted with the situation, the pullback will be a great chance for smart long-term investors.

    Opportunities in the heart of this correction

    Despite the bloody market, there were huge opportunities for traders during this month. For example, UNI increased by over 1,000% on its first day on Binance. The exchange listed UNI on both its spot and futures markets and it turned out to be a smart move from Binance. At the moment, Binance is the leading exchange for futures, and some famous tokens like UNI and LINK are available in this exchange.

    Binance’s ability to provide an extensive set of products has surged the market share of this popular exchange. In all market conditions, traders have can find opportunities on Binance, thanks to the exchange’s extensive diversification of its trading products.

    Low volatility and high trading activity

    Binance Futures experienced more than $176 billion in volume during September. Despite the downward trend of volume in September, daily volume on Binance Futures was above $5.7 billion on average. Open interest displayed a similar trend – it fell at first and then recovered gently.

    Open Binance Futures Account

    Altcoins` dominance regarding open interest

    Bitcoin’s open interest decreased from 53% to 42% in September. The volatility of BTC also declined to a new low this month. As such, we experienced open interest progress for Altcoins. This situation may mean that traders are hunting Altcoins at cheap prices. Most of the Altcoins were undervalued in this situation and it was a good chance to acquire some of them.

    A positive trend for bitcoin

    It seems that many traders and investors aren’t disturbed by the recent sharp fall and they think corrections are natural in markets. A rally won`t continue in a sharp line and corrections should happen in this space. Overvalued prices are adjusted during healthy corrections and it means some great buying opportunities for professional traders and investors.

    In the 2017 market, there were plenty of corrections, but the rally continued and Bitcoin ultimately reached its all-time high. Defi gradually recovered after the large sell-off and at the moment, Uniswap has the most locked value in this space. Maker, Aave, and Curve Finance are respectively in other places.

    Despite the recent downturn, many investors are optimistic about the future of crypto assets. According to fundamentals, this market can grow more and macroeconomic trends can represent a good future for bitcoin. The US dollar is an important factor in this space and its weakness can be good for bitcoin. When there is persistent selling of the dollar, another alternative like Bitcoin will be considered more broadly.

    Final thoughts

    Diversification is important in the crypto space and we see that a successful exchange like Binance offers a wide variety of products. This variety can help traders to have access to opportunities all the time. Bitcoin’s long-term prospect is bullish and corrections are necessary and vital. These corrections will provide amazing buying opportunities for intelligent traders. The DeFi sector is a revolution in the crypto space and we have experienced a huge sell-off in this sector. Maybe this represents a good chance to buy some DeFi tokens in this recovering market, but nothing is sure and the crypto space is full of risks. Everyone should consider these risks carefully and do their research.

  • Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

    Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

    TEL AVIV, Israel, 13th October, 2020, // ChainWire //

    MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

    While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

    However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

    As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also offers reports of the press release distribution. 

    Chainwire offers a flexible choice of packages to suit all types of stories and budgets, guaranteed coverage by a minimum of 10 publications for the most basic package. The standard offers more coverage and support, while the soon-to-be-launched premium package will include translations to additional languages and syndication to 300+ business tech and finance websites. 

    Chainwire is also welcoming publications wishing to join the service. Site owners can leverage the opportunity to produce up to date, relevant news for their audiences while maximizing the opportunity for passive income.

    Chainwire will be powered by MarketAcross, which brings its extensive network of media and PR connections developed over six years operating in the blockchain and cryptocurrency marketing space. 

    For registration and more information about Chainwire please visit: www.chainwire.org

    About MarketAcross

    MarketAcross is the world’s leading blockchain PR and marketing firm. The company has helped over 150 clients, including industry leaders such as Binance, TRON, Huobi and Polkadot, to build their brand among cryptocurrency and blockchain audiences. MarketAcross works with journalists from top tier publications, influential bloggers, webmasters, and editors of small blogs to create compelling content that provides guaranteed results. 

    For more information about MarketAcross please visit: www.marketacross.com 

    Contacts
    • Nadav Dakner
    • ChainWire
    • support@chainwire.org
  • Bitcoinmix.org – A Powerful Bitcoin Tumbler To Remain Anonymous

    Bitcoinmix.org – A Powerful Bitcoin Tumbler To Remain Anonymous

    In a world where your personal data continues to be tracked, it remains essential for everybody to keep their own financial data hidden from prying eyes.

    Blockchain was slated to free everybody from the traditional financial world, providing a vehicle where your money remained your own and would not have to be trusted to any third party.

    While this might be true, there is still one crucial piece of information that everybody still overlooks – the fact that Bitcoin blockchain is entirely public. Many Bitcoin users believed that their Bitcoin transactions were both completely safe and private in the early days.

    This might have remained true for quite some time. However, when the need for KYC/AML procedures appeared on centralized exchanges, it all changed. As soon as users started to link their Bitcoin addresses to the exchanges’ BTC addresses, their anonymity was thrown right out of the window.

    Alongside scalability, the lack of privacy is one of the essential issues faced by the Bitcoin blockchain.

    A ton of privacy-focused blockchains have been created because of this, including the likes of Zcash, Dash, and Verge. However, the biggest of them all is Monero – a cryptocurrency that hides both transaction values and transaction addresses.

    When you send transactions on Monero, nobody can tell who sent the transaction, where it went, or how much was sent. These three properties of a transaction are all publicly viewable on the Bitcoin blockchain.

    The only way to achieve a decent level of privacy while using Bitcoin is through a Bitcoin mixing service – and Bitcoinmix.org might be one of the best candidates to choose from!

    What is Bitcoinmix.org?

    Bitcoinmix.org  is a Bitcoin Mixing service (also known as a tumbling service) designed to help users achieve a certain anonymity level while conducting transactions on the Bitcoin blockchain.

    Put simply, the tumbler is used to mix people’s Bitcoins to obscure their origin. After the mixing, users receive BTC that cannot be linked back to them.

    To mix on Bitcoinmix.org, a user simply has to enter the Bitcoin address where they would like to receive their fresh BTC – that’s it! No email, no I.D, no sign-ups! It is crucial that the receiving BTC address remains completely clean and never touched before to stay as anonymous as possible.

    After entering the address to receive BTC, they will be instructed to send the BTC they would like to mix to a specific address. Once the BTC has been sent to the mixer, the service will mix the coins and then send BTC to the receiving address minus the fees.

    Bitcoinmix.org has a minimum requirement of 0.02 BTC to mix. On top of this, it charges a randomized fee between 2-5% for each transaction, and it is completely automated without the need for any outside human interaction.

    The following video quickly describes what the service does:

    https://youtu.be/CkvDJcZcl-U

    Why Would I Ever Need To Mix My Coins?

    The main reason you would want to mix your coins is to remain anonymous and prevent anybody from tracking what you are doing with your cryptocurrency.

    For example, let us say that you are paying your employees. If you would just send a direct transaction from your wallet to theirs, they would quickly see how much funds you have in that wallet. On top of this, they could even do some forensic investigation of their own to see other wallets you might have owned in the past.

    For example, let us say that you are paying your employees. If you would just send a direct transaction from your wallet to theirs, they would quickly see how much funds you have in that wallet. On top of this, they could even do some forensic investigation of their own to see other wallets you might have owned in the past.

    This is not a great position for any employer as it would make any conversation of a salary increases a little tricky when they know you have a substantial amount of cryptocurrency.

    Instead, you could easily just send your payment through the Bitcoinmix.org service, and your employees would never have any idea about how much BTC is sitting in your wallet.

    Another reason as to why people use Bitcoin mixing services is to stay ahead of regulation. For years, governments around the world have been banning and regulating cryptocurrencies each year. If a government decides to ban all cryptocurrencies in your jurisdiction completely – the blockchain trail would quickly tell them how much cryptocurrency you own, and you would be liable to account for this.

    To combat this, you could easily stay ahead of the curve by mixing assets that you intend to hold for the long term, and any regulator would be none the wiser about what has been mixed.

    The last thing we have to mention is Bitcoin fungibility. Bitcoin mixing services such as Bitcoinmix.org play a massive role in keeping Bitcoin fungible. Fungibility refers to the concept that 1 BTC is equal to any other 1 BTC on the planet. If I send you 1 BTC, and you send me 1 BTC back – their worth and utility should be completely identical, right?

    Well, this is true in most cases, but you can never be sure about the origin of any BTC you receive – there is a chance that the BTC you received has been blacklisted and will not be accepted by cryptocurrency service providers. Bitcoin mixers help address the fungibility issues that can sometimes affect unsuspecting users due to the Bitcoin blockchain’s fully transparent design.

    The pros of Bitcoinmix.org:

    • Quickly tumble BTC without providing any personal information
    • Randomized 2-5% fee for using the service
    • Emails used on the contact form are deleted 24 hours after opening
    • The mixer is totally automated
    • Easy to use
    • No sign ups required
    • It can also mix Ethereum and Litecoin

    The cons of Bitcoinmix.org:

    • Minimum of 0.02 BTC required to mix
    • Have to trust the service