September 12, 2020

Should You Consider Crypto ETFs?

Klimor Napos
Uncategorized

cryptocurrency-friendly online casino

ETF is also available in cryptocurrency. Basically, the way it works is pretty much the same as with other traditional ETFs. While majority of the ETFs are tracking index or several assets, crypto ETF is tracking one or several digital tokens. Similar to other ETFs, its digital counterpart can be traded like common stocks on the exchange. It will be subject to price changes in the given day as investors are buying and selling.

How does it Work?

To be able to work properly, the organization that’s managing the crypto ETF has to own the underlying assets it is tracking. Simply speaking, the ETF ought to own commensurate stake of the digital tokens. The ownership of the tokens will be represented as shares. ETF investors will then have exposure to upside potential of its underlying assets.

Important Matters not to be Left out

The question now is, where do these ETF stand?

As far as SEC or Securities and Exchange Commission’s concern, it indicated that it isn’t going to approve any crypto ETFs until such time that the market has demonstrated a level of security and stability. Nonetheless, its stand hasn’t stopped various parties from trying to introduce crypto ETFs.

As a matter of fact, the CBOE or Chicago Board Options Exchange which launched Bitcoin futures lobbied the SEC to take time to reconsider its blockage of the digital token funds. Both Tyler and Cameron Winklevoss, founds of Gemini, keep on petitioning the SEC in approving Bitcoin ETF without success.

Coinbase on the other hand is an extremely popular exchange for digital currency. It launched their index fund offering to 4 of the biggest digital currencies but it is not almost the same as to what an ETF is. There are ETFs that also offer small exposure to GBTC but, these aren’t solely focused on crypto.

SEC expressed its openness to the option of crypto funds in the long run and this may keep fueling investor’s optimism if crypto ETFs will thrive in other parts of the planet. Several markets in Asia as well as Europe for example have already introduced crypto ETFs, all brought by the differing regulation levels.

What Benefits can be Obtained from these ETFs?

Some of the successful cryptocurrencies have already experienced huge gains. Though, the industry is being surrounded by doubts and at the same time, plague by volatility. Still, it offers many benefits and among them is the fact that investors who have crypto ETF enjoys extra layer of security to avoid it from being hacked. Also, it can monitor digital tokens simultaneously. If everything is a success, then you can use your ETFs in funding your online casino account like in 918kiss to play and enjoy their games.

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June 23, 2020

3 Easy Steps of Using Bitcoin to Bet in Online Casinos and Sportbooks

Klimor Napos
Uncategorized

There are numerous resources that explain what exactly cryptocurrency is, especially Bitcoin. In fact, if you can be diligent with your research, you’ll learn how big great and big of an asset Bitcoins are in regards to online gaming such as in Casinochap for example. What is strange though is that, with all the resources available about Bitcoin, it seems hard to find something that can walk you through on how to use it to play online.

Using Cryptocurrency to Bet on Casino Games

Worry no more because we got you covered! As a matter of fact, the entire process of using Bitcoin to play in an online gambling site is broken down into three simple steps which are discussed in the following:

Step 1. Create and Open Your Bitcoin Wallet

Bitcoin wallet is almost similar with PayPal. You’ll be using your credit or debit card or bank account to load money to your wallet. Then, you can use the wallet in making deposits or purchases to online gaming site the same thing you’d do with PayPal.

The difference between the two is that with a Bitcoin wallet, you can convert your money into Bitcoins to push through with the transactions.

Step 2. Funding Your Wallet

As soon as you have successfully set up your account, the next thing that you should do is deposit money and buy some Bitcoins. Keep in mind that much like with other currencies, the rate of Bitcoin fluctuates so be sure to check the rate first before finalizing your purchase.

You could choose to deposit into your Bitcoin account either via credit card or debit card. Or, you can just link your bank account directly to your Bitcoin wallet. All of these approaches work the same way so simply select the one that is more comfortable to you. There are Bitcoin wallets that might also let you deposit via PayPal or other payment channels.

Step 3. Using Your Bitcoin Wallet

cryptocurrency-friendly online casino

By the time that you deposited money to your Bitcoin wallet, you are now ready to make deposits to your trusted sportsbook or online casino and start playing. All that has to be done is to navigate through the deposit page of the site and click on their Bitcoin option. They will be providing you with specific instructions on how you can make a deposit and that should be it!

The process should not take more than few minutes as soon as the transaction has been approved.

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June 16, 2020

Using Bitcoins to Place Bets on Sports

Klimor Napos
Uncategorized

Would you like to know the secrets of betting in your favorite sports or perhaps, in online casino such as Mega888 download using Bitcoin? As we carry on this article, we will be focusing on quick guidelines to bet with your cryptocurrency and on how you could withdraw your prize?

As a matter of fact, there are various bookmakers that are accepting Bitcoin and even offer array of betting markets. Truth is, doing a quick Google search provides you with hundreds or even thousands of relevant search results.

Components to Learn for a Positive Betting Experience

Basically, there are couple of vital components that should be learnt in order to understand Bitcoin betting exchange before placing your bets. First and foremost, you’ve got to understand Bitcoin and second, you have to understand what exactly Betting Exchanges are.

Bitcoin Betting Exchanges

To make it simpler, Bitcoin betting exchanges work just like other betting exchanges. Well, this is except for the fact that rather than using real money, you’re using Bitcoins to make bets. But how is it different from the conventional bookmakers?

On betting exchanges, the users or punters are capable of backing both odds that are offered by other users or offer the odds for other users to back. This is otherwise called as “laying odds” and empower te bettor of exchange to act as a bookmaker. It may seem confusing at first but as you get along in sports betting, you’ll get the hang of it.

The primal difference between standard betting exchange to Bitcoin betting exchange is the currency that is used in placing bets.

How an Exchange makes Money through Bitcoin?

For sure, you are puzzled on how the betting exchanges are generating profits. Fact is, this depends on the betting exchange. But in essence, you’ll be paying commissions towards your betting activities. This commission is essential for it helps the betting exchanges to make money and it will differ depending on the exchange that you are on.

Now that you have an idea towards Bitcoin betting exchanges and have Bitcoins to place your bets, now is the high time to search for a reliable and dependable bookmaker and start placing bets. Luckily, there are so many options you can find. Though, you have to be meticulous and vigilant for not all are safe to bet with.

At the end of the day, it will depend on how you do background research on your prospective exchanges.

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June 14, 2020

One Way To Bet On Bitcoins – Trade On Spot Market

Eija Järvinen
Uncategorized

Not many experts recommend placing investment funds such as 401 (k) pension plans with bitcoin. Digital currencies are too easy to change. But there is nothing wrong with setting a small amount of money that you allow to be lost or for illegal betting, such as gambling by carrying a few dollars at the casino.

Bitcoin certainly offers an adrenaline rush. In 2017 the biggest cryptocurrency price jumped from less than US $ 1,000 to almost US $ 20,000, then fell to the lowest level of US $ 6,647.33 over the weekend after the South Korean exchange was hacked. On Monday (11/6) yesterday, bitcoin was traded at the level of US $ 6,768.00.

Investment signals remain mixed: Google’s search activity on bitcoin has dropped 75 percent as prices have jumped from the level of US $ 20,000, but large Wall Street companies are making investments that show they expect a cryptocurrency to remain part of the financial landscape.

There are two ways to bet on bitcoin, the “old-fashioned” way, through special exchange exchanges and buying or selling futures contracts.

Here are a few things to consider:

Trade on the Bitcoin Spot Market

New coins are given to “miners” to solve complex mathematical problems. Then the coins are bought and sold in dollars or other currencies in an account called a wallet, stored in a currency exchange such as Coinbase, Bitstamp or Kraken.

Trading in the spot market is very similar to stock trading, with prices governed by supply and demand, and there is no role played by central banks, such as the Federal Reserve. Because bitcoin has not been accepted by many traders, its value depends on the speculators’ views on what other people will pay in the future. For critics, bitcoin is seen as a bubble. While advocates see a large potential for profit.

Most of the more than 100 bitcoin exchanges are only a few years old, and some have fallen victim to fraud, theft, hacking and growing illness, such as trading stops.

Investors are very careful to buy bitcoin on the exchange and then store the bitcoin code from the site or even on a piece of paper – that is what bitcoin initial users, Winklevoss, will do so far to cut their code into pieces and store it in a vault use a system that only they understand to return the actual bitcoin code.

Bitcoin itself is full of risks, even if the trading and storage system is safe.

Unfortunately, bitcoin exchange doesn’t work as efficiently as a stock exchange, said Param Vir Singh, professor of business technology for the Tepper School of Business at Carnegie Mellon University.

“The price of Bitcoin is changing; slow transaction speed; bitcoin trading platforms are illiquid, “he said, noting that, unlike the stock exchange, bitcoin exchanges are generally not well regulated by the government.

Nasdaq has expressed its interest in offering cryptocurrency trading, while the NYSE has expressed its interest in bitcoin ETF trading. NYSE’s parent company, ICE, moves to swap bitcoin and already offers cryptocurrency data feeds.

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May 3, 2020

Does Investing and Owning Crypto still a Good Investment Vehicle?

Klimor Napos
Uncategorized

Bitcoin and several other digital currencies or more popularly known as cryptocurrency (crypto) are harnessing so much controversy in financial world. Its value is based on blockchain technology or set of complex and sophisticated codes that could be shared among several computers. But here’s the catch, every block remains completely anonymous and free from government issuer. This as a result made crypto a lot more appealing both for legit and illegal applications like supply chain transactions between vendors and company and money laundering respectively. Even in some online casinos, they are accepting Bitcoins as an exchange of transaction. If you are playing in Bola Tangkas, try to check if such option is available.

It’s the Risk and Reward of Crypto

Now, trying to veer from its expected purpose, digital currencies have been used as a vehicle for having serious speculation among investors and traders. Currently, Bitcoin’s value shoots to over 20,000 dollars in 2017 before it falls back drastically. Massive swings in price daily are causing fortunes to be lost and won among traders and investors. After all, this is a normal scenario when trading in such. While there are many financial professionals who see big potential in it, others do feel that it is representing highly inflated assets.

What does Experts have to Say?

So anonymously, what do these financial experts really say about Bitcoin and other cryptocurrencies in the market these days?

At the moment, bitcoin is decentralized and virtual currency that is used for trading services and goods. Being decentralized, it isn’t backed by any company, organization or body of government. Truly, Bitcoin is a global unregulated currency that isn’t taxed at any form. There have been multiple attempts made in harnessing virtual currency but similar to government attempts in regulating the internet, all attempts have failed.

Sooner or later, Bitcoins and other cryptocurrencies would likely be regulated in order to have lasting power. The only question remains is, how and who. Right now, Senate Homeland Security as well as the Government Affairs Committee is doing investigation about Bitcoins and several other digital currencies in the market.

FinCEN had already issued guidance in relation to virtual currencies as well as its exchanges and administrators that are subjecting these companies to same regulatory responsibilities as with other financial institutions. Believe it or not, NY Department of Financial Services have sent several subpoenas to businesses that are in association with Bitcoin to provide info about their policies and to avoid money laundering and to ensure consumer protections.

Another financial expert mentioned that Bitcoin is an interesting concept but there’s a flaw in regulating currency supply. Since bitcoin supply does not increase in growth proportion or use of it, it creates a deflationary effect. Thus, it generates incentives for those who are hoarding bitcoins than spending them.

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April 6, 2020

The Buzz about Cryptocurrencies Today

Klimor Napos
Uncategorized

Digital currencies or cryptocurrency is based on blockchain technology. It was believed to have great potential in disrupting real-world currencies and a lot more. Basically, blockchain technology is the backbone of virtually all cryptocurrencies you see in the market today. The reason why it is capable of disrupting multiple financial services is due to the fact that it has innate complex financial transactions and can reduce costs too –  all this while it can augment transparency.

Broad Applications of Cryptocurrency

Implications of the said technology are far-reaching. This isn’t just felt in financial services but also, in several other facets like:

  • Government
  • Healthcare
  • Law
  • Education and;
  • Technology

Whether you believe it or not, there are even some online casinos that are allowing the use of cryptocurrencies as form of deposits to their account. If you are playing in one already such as in judi online terpercaya, might as well want to check out their policies and if they are accepting such.

Benefits and Risks

As per experts, one of the notable benefits provided by digital currency is that, it is impossible for it to be counterfeited and all transactions can’t be reversed arbitrarily by sender. This is comparison to credit card chargeback. Furthermore, cryptocurrency transactions can offer anonymity to its sender, receiver and owner.

Credit cards on the other hand are operating on pull basis in which the store is identifying the transaction and then, pulls the amount of sale from the card. Meanwhile, cryptocurrency follows a “push” model transaction where it is prompting the holder to exactly send what they wanted to the seller without requesting additional information.

Yet another benefit of cryptocurrency is it isn’t bound by the exchange rates, transaction charges or even interest rates. Not only that, transactions involving digital currencies are taking place at same speed no matter where the receiver and sender are located.

It comes with Fair Share of Risks

Cryptocurrency is seen by many as another investment vehicle. And much like any other form of investment, there are risks that come along with it. Recommended by experts that prior to investing in cryptocurrency, risks like regulatory intervention and price volatility should be taken into consideration.

Price volatility will be an ever-growing issue in digital currency. After all, it is representing a new breed of currency. For this reason, investors ought to expect volatility and at the same time, price swings as the market is starting to develop. While cryptocurrencies have seen massive growth, they remain to be a small part of global finance hemisphere. Both policymakers and regulators keep monitoring digital currencies in determining potential impact to broader systematic or financial stability risks.

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March 10, 2020

What To Look For In Online Casino And Cryptocurrency Sites

Gambling in online gambling sites, such as BandarQQ Online, is one well-liked pastimes that many people all over the globe really enjoy. With a great number of casinos operating online, you will surely get to have the opportunity to play various casino games for actual money providing access to entertaining games from the best developers. Through an actual money account, you could place bets and win (or lose) similar to how you would in a physical land-based casino.

When deciding on a website to play casino games with real money, you will have to consider the banking options that are supported by the site. Although a lot of online casino support credit and/or debit cards, prepaid cards, e-wallets as well as bank transfers, many casino sites started accepting digital currencies or cryptocurrencies, hence many have also begun making use of cryptocurrency. With this preference, you could safely gamble while staying absolutely anonymous. With cryptocurrencies, players are also provided with more security since no personal information or any of a player’s financial detail is given to the online casino site.

Online Casino and Cryptocurrency Sites – What You Should Consider

When finding for a casino site that supports cryptocurrencies, there are a few things to bear in mind to make certain you are engaging in a legitimate, safe and trusted casino site. The online casino you chose has to be licensed as well as regulated. Additionally, it also should provide a Privacy Policy that would protect every sensitive data and information.

A range of digital currencies are supported by cryptocurrency sites, hence be certain that your chosen site carries the kind of crypto you usually use. Moreover, ensure provided bonuses as well as promotions could be redeemed when deposits are made utilizing this route for payment.

Similar to looking for an online casino, it is imperative to make time to gain knowledge of the software being utilized as this plays a part in selecting games and options for payout. It is always a wise move to choose a website that makes use of reliable and trusted software.

Security measures that are undertaken by the casino site are crucial as well. You would want to ensure that every transaction that you make is carried out with the use of an encryption software. Furthermore, make certain that the online casino site keeps your sensitive information on a server that is very secure. Also, look into their customer support ensuring that support is easily accessed and immediately provided and available anytime.

Bottom Line

Prior to gambling online making use of any cryptocurrency, it is essential to do some appropriate research and found a casino site offers players full protection and security. When gambling online, there are risks always attached to it, however with digital currencies, once could anonymously gamble and have great winning chances. Along with quick transactions, zero to low charges, as well as big paying bonuses, crypto-supported casinos will provide an excellent playing experience, entertainment and great opportunities for cash payouts.

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