How to Buy Bitcoin on Coinbase, Binance and Other Cryptocurrency Exchanges

Curiosity in cryptocurrencies, such as Dogecoin, noticed a resurgence following last week’s GameStop buying craze, pushed by investments from users on the subreddit r/WallStreetBets.

Right here we define the best way to purchase Bitcoin, the world’s first cryptocurrency, which is among the many most generally traded cryptocurrencies immediately.

Listed as BTC on the cryptocurrency market, Bitcoin could be bought utilizing Coinbase, Binance and different cryptocurrency trade platforms famous under.

Claiming to be the “finest place to purchase Bitcoin,” San Francisco-based Coinbase is “trusted by 30+ million clients worldwide,” in response to the Coinbase website.

To begin shopping for Bitcoin, customers might want to open an account by clicking on the “get began” icon on the homepage. This requires coming into your e-mail deal with and selecting a password to arrange your login.

Customers may entry their account on the Coinbase cellular app, which could be downloaded on the Google App Retailer or Apple‘s App Retailer.

The web site advises: “To stop id theft or fraud, you will want a photograph ID to verify it is actually you.”

As soon as an account has been created, you possibly can “begin with as little as $25” and make purchases by clicking on the “Purchase Bitcoin” icon on the Bitcoin web page. Funds could be made by debit card or out of your checking account.

“Coinbase provides our USD Pockets and Hosted Cryptocurrency Pockets Service freed from cost. This implies we are going to retailer your USD and cryptocurrency for free of charge to you,” the web site explains.

Customers also needs to concentrate on charges that will apply with totally different transactions.

The web site notes: “Coinbase Charges could range primarily based in your location, fee methodology, and different circumstances. In some circumstances, we could cost a further payment on transfers to and out of your checking account.

“We are going to at all times notify you of all Coinbase Charges (not together with the margin) and some other service charges that apply to every transaction instantly earlier than you conﬁrm every transaction and within the receipt we concern to you instantly after every transaction has processed,” it provides.

See the Coinbase website for more information on fees.

To purchase Bitcoin on Binance you have to first arrange a consumer account. Click on on the “register” icon, in direction of the highest proper of the homepage, which would require offering your e-mail deal with and choosing a password.

Customers may entry their Binance account utilizing the Binance cellular app by downloading it from the Google Play Retailer or Apple’s App Retailer.

As soon as an account has been arrange, customers should purchase Bitcoin utilizing a number of fee choices, together with credit score or debit card in addition to financial institution switch.

“When you full the acquisition, we are going to deposit your new crypto on to your Binance pockets – a protected and easy strategy to handle your crypto property. You possibly can instantly commerce your bought crypto on the numerous services on the Binance Platform.

“Binance accepts a variety of currencies and makes it simple so that you can purchase crypto utilizing US {Dollars}, Euros, Pound Sterling, and different fiat currencies. You may also use a variety of accepted stablecoins akin to Binance USD (BUSD), Coinbase USD Coin (USDC), PAXOS (PAX), Tether (USDT), and True USD to purchase crypto,” the Binance web site notes.

Customers also needs to concentrate on fees together with buying and selling, deposit and withdrawal charges, amongst others. See the Binance website for more information on fees.

Coinmama caters to these “trying to purchase Bitcoins quick” and “immediately” utilizing a debit or bank card or by financial institution switch, according to the website.

“Since 2013, Coinmama has been trusted by over 2,600,000 customers in 190 international locations worldwide because the quick, simple manner to purchase Bitcoin,” the web site states.

To begin making purchases, customers must arrange an account by clicking the “enroll” icon on the prime proper of the homepage. A affirmation hyperlink will likely be despatched to the e-mail deal with you enter when signing up.

The web site notes: “It’s essential to confirm your account earlier than you should purchase BTC with credit score or debit card. This includes the importing of your passport, nationwide ID or different paperwork. As soon as authorised and cleared, you should purchase Bitcoins for as much as 15,000 USD together with your credit score/debit card.

“If you do not have a bank card, you can too purchase Bitcoin with debit card. Coinmama at present accepts funds through Visa and Mastercard. Please observe that American Specific, Uncover and PayPal are at present not accepted. Whatever the methodology you select, you might want to ensure that the cardboard belongs to you.

“Please observe that there is a further processing payment added to card funds. After your account is verified and a purchase order is made you’ll obtain your Bitcoin inside a couple of minutes. Coinmama provides industry-leading buy limits,” the web site provides.

Customers needs to be aware of charges that will apply. “Charges incurred on purchase orders rely each in your loyalty degree and methodology of fee,” Coinmama advises.

See the Coinmama website for more information on fees.

Famous to be possibility for these new to the cryptocurrency world, eToro’s mission was “to make buying and selling accessible to anybody, anyplace” when it launched in 2007 and has been serving the U.S. cryptocurrency market since July 2018, according to the website.

Those that need to purchase Bitcoin might want to open an account by clicking on the “enroll” icon discovered within the decrease left a part of the homepage, which requires coming into your e-mail deal with and making a password. Customers may choose to login utilizing their current Facebook or Google accounts as an alternative of making a brand new eToro account.

When you’re logged in, you can begin making purchases by clicking on the “commerce” icon positioned within the prime proper portion of eToro’s Bitcoin web page.

EToro fees no fee charges, so there aren’t any administration, rollover, ticket or extra dealer charges.

“Zero-commission signifies that no dealer payment will likely be charged when opening or closing the place and doesn’t apply to quick or leveraged positions. Different charges could apply,” the web site advises.

See the eToro website for more information on fees.

A number of cryptocurrencies, together with Bitcoin, could be purchased utilizing the Robinhood buying and selling app. To begin making purchases through Robinhood, customers should first open an account by clicking on the “enroll” icon within the prime proper part of the homepage. Customers may entry their account on the Robinhood mobile app.

As soon as your account has been arrange, customers can click on the “Purchase” icon positioned on the proper facet of the Bitcoin web page to make their buy.

Robinhood can be commission-free. “Nevertheless, self-regulatory organizations (SROs) such because the Monetary Business Regulatory Authority (FINRA) cost us a small payment for promote orders. They cost these charges for all promote orders, whatever the brokerage. Robinhood passes these charges to our clients and remits them to the relevant SROs,” the web site advises.

See the Robinhood website for more information on fees.

Source: crypto-bulletin.com

Contents

Calls for Bitcoin Price Rally Grows as $600M Enter Crypto Exchanges
Cryptocurrency Exchange to Offer High-Yield Savings Product
Calls for Bitcoin Price Rally Grows as $600M Enter Crypto Exchanges « Cryptos Rocket
Founder of Crypto Scam Promoted by Actor Steven Seagal Charged — Key Member Arrested in US – Regulation Bitcoin News
Polish crypto exchange employee in induced coma after armed attack

Calls for Bitcoin Price Rally Grows as $600M Enter Crypto Exchanges

Cryptocurrency exchanges experienced a dramatic rise in stablecoin deposits in the previous 24 hours, instilling hopes that traders will use the dollar-pegged tokens to purchase Bitcoin.

The latest gains came as a part of a broader recovery move that saw Bitcoin rebounding from its January low of $28,732. Before that, the cryptocurrency had crashed by almost 30 percent from its record high levels near $42,000.

Analysts now see the rally as a bullish continuation setup, wherein an asset resumes its uptrend after a brief/prolonged period of consolidation. The ones with technical trade expertise note that Bitcoin is forming a Falling Wedge pattern that typically leads to a full-fledged breakout to the upside.

A descending wedge or a triangle, it looks like we could have a pull-back from that resistance line. If not, it would be a rather bullish sign, at least short-term.
(The S/R zone at $34k as well.)$BTC $BTCUSD #bitcoin pic.twitter.com/xIc249IwbX

The upside sentiments serve as the primary reason people have upped their stablecoin deposits across all the cryptocurrency exchanges. Pegged to the US dollar, stablecoins enable traders to buy/sell a crypto asset speedily.

Therefore, many analysts see a higher stablecoin inflow as a sign of a brewing bullish momentum across the cryptocurrency market, including that of Bitcoin.

The recent run-up in stablecoin deposits also coincides with two extremely bullish events in the Bitcoin market.

First, payment processing giant Visa has revealed its plans to assist banks in setting up bitcoin-enabled trading services. The move expects to further push the cryptocurrency market into the mainstream, including half the world’s population that uses Visa-enabled credit and debit cards.

Second, Guggenheim Partners’ chief investment officer Scott Minerd predicted that the Bitcoin price could hit a $600,000 valuation. Speaking to CNN, the asset manager stated that the cryptocurrency would eventually steal a portion of gold’s market cap to reach higher valuations. Traders perceive both as hedging assets against inflation.

Bitcoin was trading at $36,710 at the time of this press.

This post was originally published on www.newsbtc.com

Source: www.cryptoalphanews.com

Author: cm_team

Cryptocurrency Exchange to Offer High-Yield Savings Product

The cryptocurrency exchange Gemini, founded by Tyler and Cameron Winklevoss, plans to launch a savings product that will pay out interest on crypto holdings.

The product will be called Gemini Earn, and there will be no minimum balance required to get started, and no fees to add or remove holdings from an account. It will only be offered to U.S. customers, and will be available in all 50 states.

The annual percentage yield (APY) will vary by the type of cryptocurrency in the account. For instance, the APY on a cryptocurrency called Filecoin will be 7.4%, but only 3.05% on bitcoin. Still, compared to the average national savings-account rate of 0.05%, it’s a huge step up.

Gemini told CNBC that it’s able to offer such attractive rates by lending out crypto to institutional borrowers, which pay interest on the loans.

Image source: Getty Images.

“There is a reason why Wall Street and traditional banking has been around as long as it has,” Gemini’s chief operating officer, Noah Perlman, told CNBC. “It provides lots of safeguards, and we think that we can get the best of both worlds and offer that to our customers.”

Gemini is not the only exchange offering a high-yielding savings product. The crypto lender BlockFi also offers an APY as high as 8.6%, but BlockFi’s interest-paying account is currently not available in New York due to state regulations.

Gemini has been launching other banking products. Recently, it acquired the company Blockrize and launched a credit card that offers 3% rewards in the form of bitcoin and other cryptocurrencies.

What cryptocurrency will become the main one in a year?

BitcoinEthereum

Source: cryptoliveinsider.com

Calls for Bitcoin Price Rally Grows as $600M Enter Crypto Exchanges « Cryptos Rocket

Cryptocurrency exchanges experienced a dramatic rise in stablecoin deposits in the previous 24 hours, instilling hopes that traders will use the dollar-pegged tokens to purchase Bitcoin.

Data fetched by blockchain analytics platform, CryptoQuant, showed exchanges’ stablecoins reserves hitting a record high of 5.47 billion after adding $600 million in a day. The spike apprehensively coincided with a modest upside move in the Bitcoin market, wherein the BTC/USD exchange rate rose by almost 3 percent to hit an intraday high of $36,888.

Crypto exchanges are now holding around $5.47 billion worth of stablecoins. Source: CryptoQuant

— CryptoHamster (@CryptoHamsterIO) January 29, 2021

Therefore, many analysts see a higher stablecoin inflow as a sign of a brewing bullish momentum across the cryptocurrency market, including that of Bitcoin.

The recent run-up in stablecoin deposits also coincides with two extremely bullish events in the Bitcoin market.

Bitcoin rises towards $37,000 on improving fundamentals. Source: BTCUSD on TradingView.com

“We did a lot of fundamental research, and if you consider the supply of Bitcoin relative, let’s say, to the supply of gold in the world, and what the total value is, if Bitcoin were to go to this kind of numbers, you’d be talking about $400,000 to $600,000 per Bitcoin,” — said Mr. Minerd.

Bitcoin was trading at $36,710 at the time of this press.

Source: cryptosrocket.com

Founder of Crypto Scam Promoted by Actor Steven Seagal Charged — Key Member Arrested in US – Regulation Bitcoin News

Three people have been charged in the U.S. over two cryptocurrency scams, one of which was promoted by famous Hollywood actor Steven Seagal. The main promoter of the schemes has already been arrested and is facing criminal charges. Seagal previously settled the charges against him relating to the scheme.

The U.S. Securities and Exchange Commission (SEC) charged three people on Monday with defrauding retail investors “through two fraudulent and unregistered digital asset securities offerings” that occurred between approximately December 2017 and May 2018. The three are Kristijan Krstic, John DeMarr, and Robin Enos. DeMarr has been arrested and is facing criminal charges by the U.S. Department of Justice (DOJ).

Krstic (also known as Felix Logan), a Serbian-Australian national who was domiciled in the Philippines during the relevant period, is the founder of the two schemes, the SEC detailed. DeMarr of Santa Ana, California, was the schemes’ primary U.S.-based promoter. Robin Enos, a resident of San Pablo, drafted the schemes’ fraudulent documents to distribute to the public.

The two schemes are Start Options and Bitcoiin2gen. “By the time their schemes collapsed, they had fraudulently raised, directly or through affiliates and promoters, at least $11.4 million from more than 460 investors in Start Options and Bitcoiin2gen, none of which has been returned to investors,” the SEC wrote.

Krstic and DeMarr falsely claimed that Start Options was “the largest bitcoin exchange in euro volume and liquidity” and “consistently rated the best and most secure bitcoin exchange by independent news media.” They also promoted Bitcoiin2gen’s unregistered security offering of B2G tokens in January 2018.

The B2G token offering was also promoted by famous Hollywood actor Steven Seagal. In February 2020, the SEC charged Seagal with “unlawfully touting” B2G tokens, alleging that the actor failed to disclose that he was promised $250,000 in cash and $750,000 worth of B2G tokens in exchange for his promotions. Seagal subsequently settled the charges with the SEC.

The SEC alleges that Enos knowingly drafted fraudulent promotional materials containing numerous false statements, including that the B2G tokens would be tradeable on a proprietary cryptocurrency trading platform in early April 2018. In reality, “Bitcoiin2gen was a sham, and Krstic and DeMarr allegedly misappropriated millions of dollars of investor funds for their own personal benefit,” according to the SEC. In its Monday complaint, the SEC also stated that the “defendants misleadingly tout celebrity Steven Seagal as an investor” of the B2G tokens.

What do you think about this crypto scam? Let us know in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Source: news.bitcoin.com

Author: Regulation

by
Kevin Helms

Polish crypto exchange employee in induced coma after armed attack

On Jan. 22, an attacker shot two employees at a cryptocurrency and gold exchange in the Polish city of Olsztyn, escaping with over $120,000 in gold.

Polish police have detained a suspect in an armed attack on FlyingAtom, a cryptocurrency and gold exchange in the city of Olsztyn in northeastern Poland. The incident, which occurred around 7 p.m. local time on Jan. 22, resulted in the injuries of two employees — one of whose situation was severe enough to necessitate an induced coma.

According to local media reports from Jan. 23, the masked attacker escaped with gold worth 450,000 zloty (roughly $120,000), fleeing the exchange’s office on the fourth floor of a skyscraper in the city center. Following the incident, police secured the area and scoured surveillance footage, cordoning off multiple roads in the city and searching passing cars. Roads were re-opened by the following morning.

On Jan. 23, FlyingAtom publicized an announcement offering a prize of 100,000 zloty for any information that could help to identify the perpetrator.

A local crypto outlet reported on Jan. 24 that a suspect was subsequently detained in connection with the investigation. The outlet cited the press spokesman of the Municipal Police Headquarters in Olsztyn, Andrzej Jurkun, with a comment on the evening of Jan. 23 that “in Bydgoszcz [the police] detained a man who may be related to the attack. We do not provide more information, activities are underway. “

On Jan. 25, FlyingAtom published a Facebook post thanking the police for their successful capture of the suspect, as well as medical authorities for their ongoing care of the injured victims, appearing to confirm the earlier report of the suspect’s detention. Since the attack, the exchange’s office has been closed and will likely resume operations in early March, according to a post from Feb. 1.

While many criminal incidents related to cryptocurrency are perpetrated online, there is nonetheless a persistent risk of physical robbery in the industry. In late January, an armed gang posing as cryptocurrency buyers stole about 3.5 million Hong Kong dollars ($450,000) from a woman in Hong Kong. While she was luckily unscathed during the incident, other victims of cryptocurrency-related attacks have suffered kidnap and torture, or been forced to escape in highly dangerous circumstances.

Source: crypt0maniak.com