Coinapult Launches LOCKS, Aiming to Eliminate Bitcoin ...
Coinapult Launches LOCKS, Aiming to Eliminate Bitcoin ...
Coinapult Wallet Review - Buy, Sell, send, and receive ...
Coinapult. All about cryptocurrency - BitcoinWiki
[uncensored-r/btc] How the Tether (USDT) distribution system works. Bitcoin/DASH, Coinapult, Cryptocapital, Bitifnex...
The following post by geekmonk is being replicated because some comments within the post(but not the post itself) have been openly removed. The original post can be found(in censored form) at this link: np.reddit.com/ btc/comments/7ljmik The original post's content was as follows:
Full article: https://medium.com/@untetheredbtc/how-the-tether-usdt-distribution-system-works-84a5c673bec0 The article is somehow badly written, so here is a short summary: CryptoCapital - Panamanian Financial services company (launched by HAVELOCKINVESTMENTS) claiming to be a bank and licensed crypto exchange (the author has proof both are false). HAVELOCKINVESTMENTS - Announced partnership between Coinapult and Cryptocapital Coinapult and Cryptocapital are connected through Ira Miller (ex-CEO of Coinapult, also developed Cryptocapital's internal tech) Where Tethers come into play: Coinapult offers a service known as LOCK where you lock the value in usd of your bitcoins in order to hedge against fluctuations. The Author has evidence and is sure that Coinapult, to "protect" the value in usd of the coins (bitcoins & dash) its LOCK feature users deposit, simply converts them into Tethers but claims instead that deposits are insured by CryptoCapital. The author also notes that Coinapult's Bitcoin price feed is taken from Bitfinex which proves they are converting them into tethers (also run by Bitfinex). How/Why Tethers are printed: Coinapult offers its LOCK feature to Mycelium and a DASH wallet. People who deposit bitcoins/dash coins with Mycelium and decide to LOCK the value of their investments in USD trigger the issuance of fresh tether tokens (through Coinapult and Cryptocapital). Beware that these people think they are insured by Cryptocapital but all cryptocapital does to insure them is to convert their coins into "Tethers". This makes particular sense if you think that only a couple of weeks ago a bitfinex employee commented in a Tether thread saying "what if tethers are bought with other cryptos". Coinapult also works with Safello, an exchange with a dozen thousand users, and with DASH wallet(s). Important Note: The Author points out how Coinapult went from being b2c (business-to-consumer) to a b2b entity (business-to-business) since the release of its lock feature. This means that Coinapult only works with businesses. In other words it offers its service to Safello and Mycelium in bulk, it doesn't deal with users individually. Roger Ver: The Author is suspicious that Roger knows about Coinapult & CryptoCapital (Roger is an investor in Coinapult), the Tether mechanism used to "LOCK" bitcoin/dash holdings, and converted his 40k BTC into BCH to get out of the loop. The Author thinks so because Kraken (an exchange where Ver was an early investor) did business in the past with the Cryptocapital and because Ver has a stake in Safello so must be aware of the LOCK feature integration. The Author also mentions Roger's "somewhat confused" reaction when asked about Tethers in his recent AMA. In other words, the Author says Roger knows more than he says and this is one of the reasons he got out of bitcoin. Author's Conclusion: If in a market crash the millionaires using the LOCK feature of Coinapult head over Coinapult to claim the locked value of their investments, they are probably not going to back the initial value (because they have been converted into tethers and not all tethers are backed by usd) but can hope at most to get back the initial coins they deposited. Also this can happen only if the coins have been kept safely in Bitfinex's vaults (bitfinex issues Tethers to Coinapult/Cryptocapital)
Remember holders, use coinapult to "buy" bitcoin during a price dump.
Posted this on /bitcoin, but thought it relevant here as well. https://www.youtube.com/watch?v=eT2CmOfXyH0 Seriously, this Coinapult thing is great. Imagine for a moment Bob. The setting December 7th, 2013. The price has dropped from 1000, to 800. Bob has 10 bitcoin, worth 8,000$. Bob wants to keep his bitcoin, but he wants to keep his value more. So he does the prudent thing and sells, hoping to buy back later. Bob's sale puts further downwards pressure on the price, but he has bills to pay. Now, if Bob had had Coinapult, things would have been different. He would have moved his bitcoin in a coinapult account and "locked" in his 8000$ worth of bitcoin. As the price continues to fall over the next year or so, he sees his bitcoin balance rise in his coinapult account. This actually creates upwards pressure on the bitcoin price, as coinapult has to buy more bitcoin to keep Bob's bitcoin address worth 8,000$. Eventually, Bob sees the price is 200, and decides to move his bitcoin into a standard bitcoin address... he is pleased to find he now has 40 bitcoin, whereas before he only had 10. He is well situated for November 2015. Moral of the story, never sell, use coinapult (or something similar if someone else does this) instead. You keep your funds safe, increase your bitcoin balance during a bear run, and create upwards pressure on the price instead of downwards pressure.... Be careful though, this is not without risks. Jumping in and out of a coinapult account on a whim will lose you money just the same as selling and buying back in panic swings. "Fees" are baked into to quoted coinapult price, so if you move your coins into a coinapult account at the bottom of a dump and out of it at the start of a pump, you will lose out. Posted this on /bitcoin, but thought it relevant here as well. https://www.youtube.com/watch?v=eT2CmOfXyH0 Seriously, this Coinapult thing is great. Imagine for a moment Bob. The setting December 7th, 2013. The price has dropped from 1000, to 800. Bob has 10 bitcoin, worth 8,000$. Bob wants to keep his bitcoin, but he wants to keep his value more. So he does the prudent thing and sells, hoping to buy back later. Bob's sale puts further downwards pressure on the price, but he has bills to pay. Now, if Bob had had Coinapult, things would have been different. He would have moved his bitcoin in a coinapult account and "locked" in his 8000$ worth of bitcoin. As the price continues to fall over the next year or so, he sees his bitcoin balance rise in his coinapult account. This actually creates upwards pressure on the bitcoin price, as coinapult has to buy more bitcoin to keep Bob's bitcoin address worth 8,000$. Eventually, Bob sees the price is 200, and decides to move his bitcoin into a standard bitcoin address... he is pleased to find he now has 40 bitcoin, whereas before he only had 10. He is well situated for November 2015. Moral of the story, never sell, use coinapult (or something similar if someone else does this) instead. You keep your funds safe, increase your bitcoin balance during a bear run, and create upwards pressure on the price instead of downwards pressure.... Be careful though, this is not without risks. Jumping in and out of a coinapult account on a whim will lose you money just the same as selling and buying back in panic swings. "Fees" are baked into to quoted coinapult price, so if you move your coins into a coinapult account at the bottom of a dump and out of it at the start of a pump, you will lose out. EDIT: It seems I have misunderstood how coinapult works... They do not fund a coinapult account as the price changes. They only lock in the dollar value and send that dollar value in bitcoin to a different address when you move coins. So it doesn't create upwards pressure on the price during a bear run... However, you do have much more liquid funds in coinapult than if you were to sell on Circle or Coinbase. If you sell on Circle or Coinbase during a dump, and a massive pump starts a day later, you will not have access to those funds to buy back for a couple days.
Bitfinex Must Answer NY AG Allegations It Hid Over $800M In Lost Funds
Cryptocurrency exchange Bitfinex must answer allegations by the state of New York that the Hong Kong-based company hid more than $800 million in losses of client and corporate funds, the New York Court of Appeals ruled Thursday (July 9), according to Bloomberg. Companies connected to Bitfinex have been accused by New York Attorney General Letitia James of the loss of commingled client and corporate funds, Bloomberg reported. The companies have insisted the cash was deposited with Crypto Capital Corp. Investigators at the U.S. Department of Justice alleged Crypto Capital provided shadow banking services to several cryptocurrency exchanges, including Bitfinex, Binance, Cex.io, Coinapult and QuadrigaCX. The Panamanian company was indicted for conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transfer service, Cointelegraph reported. Crypto Capital President Ivan Manuel Molina Lee was arrested last year by Polish authorities on suspicion of laundering $350 million worth of funds from illegal proceeds and having ties to a global drug cartel, Cointelegraph reported. The company later collapsed. In April of 2019, cryptocurrencies saw a double-digit percentage drop in bitcoin. On April 26, the price of bitcoin fell to $5,092, down from levels earlier that week that topped $5,580. The slide came as James accused Bitfinex of covering up missing funds through illegal transactions to the tune of $850 million. Companies tied to Bitfinex also operate the stablecoin Tether, a conduit for trading in much of the cryptocurrency market globally, Bloomberg reported. The appeals court rejected the argument that Tether, with a market capitalization of more than $9 billion, is not a security or commodity and said the court has jurisdiction over its issuer. The justices also rejected the companies’ argument that since they are not based in New York or serve local traders, they shouldn’t be answerable to or have to produce certain documents for New York authorities, Bloomberg reported. The court said New York traders had used Tether, and some of the companies’ staff worked in New York. Originally posted ByPYMNTS Posted on July 9, 2020
October, 2011 was when I first heard about Bitcoin. A friend excitedly told me about it, that the price had crashed, that it could be 'mined', and that it could be purchased on exchanges. He didn't own any, but he found it interesting, and so did I. I was instantly interested in acquiring some coins. That the price had 'crashed' meant a buying opportunity, and I further saw it as evidence that the system was somehow free, and had a life of its own. I did not purchase any right away, regretfully, since the coins were about $3 each. I did do some initial research, calculating mining profitability, and looking into the process for buying coins on MtGox. I also read about the thefts and hacks. I found it intuitive these incidents were matters of endpoint-security, and not reflective of a systemic weakness. Yet I would have much to learn if I was to avoid becoming a victim. I continued to casually follow Bitcoin developments, and occasionally checked the price. Eight months later I came across a Timothy B. Lee article in Forbes that detailed the Bitcoin Richlist. It was my catalyst. It was time for a technical deep dive, time to understand what gave people the confidence to entrust millions of dollars of value to the system. Of everything I read that day, it wasn't the proof-of-work that seemed revolutionary, but simply the fact that a lost private key meant the coins would be irrecoverable. That signified Bitcoin put true and total control of money into the hands of users, and for that it was different and worthwhile. I decided to invest. All that was left was working out the mechanics of the transaction. And security. I was determined to not fall victim to a hack. An offline, paper wallet seemed like the easy choice. The price was in the $6 - $7 range. My first purchase went though MoneyGram and Coinapult, with MtGox as my receiving wallet. I put in $150, and got out $130 worth of coins. The price had surged in the few days since I decided to buy, to slightly under $10 per coin. I transferred the coins off of MtGox and onto my paper wallet, and it all felt very real! I wanted to buy more, and settled on CoinFloor to avoid the hefty fees I paid the first time. CoinFloor also allowed for instant fiat funding via a deposit at a bank teller window. Depositing $900 directly into a bank account was not without risk, but CoinFloor came through and the money was credited within 5 minutes. It all went flawlessly, and soon with my 100 coins spread out over a few different paper wallets, I could rest easy, without fear of a hack. Edit - I meant BitFloor, not CoinFloor I occasionally checked the price, tested out Satoshi Dice, and read a little more on the technical underpinnings, but other than that, I mostly forgot about my Bitcoin investment for the next 6 months. Then, in early 2013, I read about a few seed rounds in Bitcoin startups, and I saw pictures of a Bitcoin booth at the CES is Las Vegas. Somehow that booth, with the Bitcoin logo, made it all seem even more legitimate. The price had climbed into the $14 - $15 range, and I wanted more coin. CoinFloor had been hacked and was out of commission. This time I would use the Dwolla to MtGox method of funding. I found myself seriously regretting not having done Gox's verification the previous summer, as the price quickly climbed while I waited. When my verification finally cleared, the price had shot up to $19, and I transferred in several thousand dollars and bought another ~150 coins. Over the next few months I kept buying until the price crossed $100 per coin. In total, I had put in about $10,000 for 340 coins. I worked part-time, with an annual income of about $25,000, so that $10,000 felt substantial. The rise to $266 was exhilarating, as was the following surge to $1242. I mostly held, but sometimes tried to time the market with a small position (always 10% of holdings or less). I sold some coins the first time Bitcoin passed the $400 mark to recoup my initial investment, and I arbitraged when it was profitable. I lost a then-painful amount of fiat on MtGox, but not any coins. I held tight during the long bear market, with absolute confidence that the price would find a non-zero bottom, and it would only be up from there. The ecosystem was growing, the technology was maturing, and investment money was pouring in, and yet the price continued to decline. I would have loved to buy more, but doing so would have been truly irresponsible from a diversification perspective. I have largely stayed away alt-coins, but I did mine-and-dump those I found annoying, and mined and held the one that I found interesting - Ethereum. I reluctantly pushed some BTC into Ethereum early this year, which turned out to be a good move. In total, over the past 5 years, I have returned about 200x on my initial investment, in the current form of about 250 BTC, about 700 ETH and approximately $300k of other liquid assets. The result is almost identical to a pure buy-and-hold from the beginning, but I felt the need to hedge as valuations changed over time. I feel no pressure to sell more coins, though I probably would convert a few in the $20k-$40k range, prices which I have long seen as likely, if not inevitable. I am in my early 30's. Ask Me Anything! Though I might only have time to answer a few…
Now that Bitreserve is opening up, there is a lot of discussion of their fee structure. I have been using Coinapult's Locks service, which has a simple 2% spread. Bitreserve claims to do USD hedging for 0.45%, which would definitely be an improvement. Upon closer examination, though, this appears to be deceptive marketing. The services Coinapult Locks - https://coinapult.com/locks/info Bitreserve - https://bitreserve.org/ Methodology
Deposit 0.01 BTC into a hedged account.
Withdraw whatever remains of my 0.01 BTC
Calculate the round trip cost
I did the above steps for each of the 3 currencies shared between Coinapult and Bitreserve (USD, EUR, GBP). Coinapult also supports gold and silver, while Bitreserve supports CNY and JPY. Coinapult results USD
Lock (deposit) price - 337.09 USD
Unlock (withdraw) price - 343.78 USD
round trip cost - 1.98%
Lock (deposit) price - 266.42 EUR
Unlock (withdraw) price - 271.81 EUR
round trip cost - 2.02%
Lock (deposit) price - 210.26 GBP
Unlock (withdraw) price - 214.51 GBP
round trip cost - 2.02%
These came in almost exactly as advertised, and I was able to view these rates before completing the transaction. Each time the rate was guaranteed for 15 minutes, giving me time to evaluate the rate before committing to the transaction. Bitreserve results USD
deposit price quoted - 341.68 USD
Bitcoin network fee - 0.04 USD
Commission - 0.03 USD
deposit price after Commission - 338.68 USD
deposit price after Commission and Bitcoin network fee - 334.68 USD
withdraw price - 346.75 USD
round trip cost (exclude network fee) - 2.38%
round trip cost (include network fee) - 3.61%
deposit price quoted - 271.26 EUR
Bitcoin network fee - 0.03 EUR
Commission - 0.04 EUR
deposit price after Commission - 267.26 EUR
deposit price after Commission and Bitcoin network fee - 264.26 EUR
withdraw price - 277.31 EUR
round trip cost (exclude network fee) - 3.76%
round trip cost (include network fee) - 4.94%
deposit price quoted - 213.47 GBP
Bitcoin network fee - 0.03 GBP
Commission - 0.04 GBP
deposit price after Commission - 209.47 GBP
deposit price after Commission and Bitcoin network fee - 206.47 GBP
withdraw price - 218.98 GBP
round trip cost (exclude network fee) - 4.54%
round trip cost (include network fee) - 6.06%
Wow that was difficult. The "Bitcoin network fee" on deposits doesn't make any sense, as I paid network fees myself. Since it is likely a flat fee, I did the round trip percent calculations with and without this ridiculous and badly named fee. I also was not shown the price I would get before depositing, so I had to figure this out after completing the transaction. They are even worse for withdrawals, where the price was never shown to me, not even after completing the transaction. The only way I was able to determine a withdrawal price is by dividing the fiat deducted from my account by the amount of BTC I received. Summary
Coinapult has a 2% spread and no hidden fees, as advertised.
Bitreserve is about twice as expensive as Locks.
Bitreserve never showed me prices before the transaction, and in the case of withdrawals never showed any price at all.
While Bitreserve claims to charge a flat 0.45% Commission for USD, they neglect to mention shady "Bitcoin network fees" and their 1.5% to 2.5% spread.
[EDIT: Changed formatting to make numbers more readable.] [EDIT 2: Proof of fees charged by bitreserve added below, since they have been called into question.]
Any service to protect my bitcoins from price fluctuations ?
Small version : I want to know if there is any such service , which keep your bitcoins and returns them at same price you put them in . Long version : For example , at a particular date 5/6/2015 price of bitcoins is 300$(example) and i put my bitcoins in [That service] , then 4 months later the price of bitcoins is 260$ . And i need the money . So [That service] gives me the bitcoins worth 300$ , just at the price i deposited them , of course in the value of ongoing bitcoin . EDIT ( 12-1-2016) :Some very good answers here , and to the ones asking me why do i want to do that instead of just keeping the money in the form of USD . Reason : Suppose i receive a payment( a big one) from someone and i don't want to be taxed for that. So what i do is keep them in such services (of course its risky) and take the money whenever i want it , rather than pay the tax .
This evening I was contacted by someone politely recommending that I take more interest in Litecoin, specifically for my company, Coinapult. I felt it'd be good to share my response to him with the community, because I think this continues to be a hot topic of discussion. Hello [redacted], Thanks for reaching out. Now, hopefully I don't come across as rude or elitist, but I need to be honest. Litecoin is not interesting to me. It offers no significant benefit over Bitcoin whatsoever. It has a little value purely as a backup blockchain in case some critical flaw destroys Bitcoin's blockchain (assuming the same flaw doesn't affect LTC). Other then that, why should anyone care about it? Don't tell me it has "faster confirmation times"... zero-conf Bitcoin transactions work for just about everything, and for those times when security is important, waiting for the 2.5 min LTC block is only 1/4th as secure, so the "advantage" is trivial. Does that justify a $350 million market cap? Consider me skeptical. Understand that there is huge advantage - a massive technological and societal utility - in the current world moving toward Bitcoin. There is no advantage in a Bitcoin world moving toward Litecoin. I know Litecoin fans like to say it's silver to Bitcoin's gold, and while it's a cute comparison, it doesn't really mean anything. Bitcoin's divisibility eliminates the need for a less valuable unit to partner with. In other words, the mBTC is the silver to BTC's gold. Here's my suspicion... the only reason you are suggesting to me that Coinapult (or any business) should accept Litecoin is that there's a chance the announcement of the acceptance will drive the LTC price higher. There's no significant added utility for the company, for me, or for you, beyond that speculative interest. Litecoin, and the other alts, are 99.9999% speculation. To be sure, much of Bitcoin's price is also due to speculation about future value, but at least this is based on a reasonable assessment of the potential of the system vs. its competition (fiat currency and the global banking network). Speculating on altcoins, in general, is pure greater fool theory in action, because there is no significant fundamental utility, no "improvement delta" over Bitcoin itself. People are going to get burned with them, and it's unfortunate because Bitcoin is seeing returns of 10,000% per year and apparently that's just not enough for some people =) Altcoins are the penny stocks of the Bitcoin world, and perhaps their greatest virtue is that they distract the most superficial speculators away from Bitcoin itself. Should they exist? Yes. I'm glad people experiment in every way with this technology. But don't let speculative experiments at the margin distract from the most mind-blowingly awesome monetary system mankind has ever seen - Bitcoin proper. Cheers, -Erik
Locks by Coinapult allows wallet users to easily access the value of gold, silver, USD, EUR, and GBP
Hi BitcoinMarkets, We at Coinapult have been market making bitcoin for years, and are regular readers of your subreddit. Today we are happy to announce that you can take advantage of our price information and liquidity using a new service called Locks. With Locks, you can sign up using only an email, deposit BTC, and then choose to peg the value of your BTC to gold, silver, USD, EUR, or GBP. While we see Locks as being key for new users who may not be comfortable with BTC price volatility, it is also the fastest and most convenient way to protect yourself against downside risk. Introductory video: https://www.youtube.com/watch?v=AxriIkGaY60&feature=youtu.be Learn more here: https://coinapult.com/locks/info We'll be monitoring this thread, and will be glad to answer any questions about the service. Note that signup may not be available for another couple of hours, as of this post. [EDIT] Service is now live!
The Creeps of Creeptocurrency - a public information guide (updated)
The Faces of Bitcoin - An Information Guide for the Public Reddit CEO Yishan Wong once said: ‘"Without being too inflammatory, the user base for bitcoin is basically crazy libertarians who are increasingly poorly informed about currency systems and macroeconomics.’ So let’s list the buttiness of the public faces of Bitcoin for all the people new to crypto. The public should know who and what they are dealing with. Please expand the list and distribute widely Part One Satoshi Nakamoto - the economically illiterate founder of Bitcoin. Having cobbled together various older ideas (he did NOT invent blockchain) he acted like he had created something new and foolishly released it to the public in a beta state that could not be easily retracted or upgraded. He was so embarrassed by his creation that he didn’t want to reveal his identity. The price of decentralisation is nobody gives a shit about your leadership and you can’t be a real project manager. Whenever he was losing control of Bitcoin he would freak out and ask developers to stop trying to innovate or tamper with his project. Eventually he was so frustrated by decentralisation that he abandoned his project. Erik Voorhees - is co-founder of the bitcoin company Coinapult, worked as Director of Marketing at BitInstant, and was founder and partial owner of the bitcoin gambling website Satoshi Dice. He was fined by the U.S. Securities and Exchange Commission for an unregistered stock offering related to SatoshiDice. Charlie Shrem - co-founded the now-defunct startup company BitInstant, and is a founding member of the Bitcoin Foundation, formerly serving as vice chairman. In 2017, he joined Jaxx as its director of business and community development. In December 2014 he was sentenced to two years in prison for aiding and abetting the operation of an unlicensed money-transmitting business related to the Silk Road marketplace. He was released from prison around June 2016. Giancarlo Devasini - was previously fined for running a software counterfeiting business selling pirate Microsoft warez before becoming chief bean counter and Tether manager at Bitfinex. The most recent article in the Italian media can be found below. It covers Tether and the exchange’s ‘banking’ issues: http://ilsole24ore.com/solemobile/main/art/notizie/2017-12-18/paradisi-fiscali-attacchi-hacker-e-blocchi-storia-bitfinex-regina-bitcoin-212359.shtml Max Keiser - is an American broadcaster and film maker. Though he is not a financial expert he hosts Keiser Report, a financial program broadcast on Russian twisted alternative facts state media channel RT that features heterodox economics theories. Keiser is the creator, co-founder, and former CEO of HSX Holdings/Hollywood Stock Exchange. This technology allows traders to exchange virtual securities, such as "MovieStocks" and "StarBonds", with convertible virtual currency, the "Hollywood Dollar". It exists in its own parallel reality separate from Hollywood’s own creative accounting practices.
This month, Crypto Capital, together with our integrated bitcoin counterpart, Coinapult, are very proud to announce the integration with renowned mobile bitcoin wallet, Mycelium. The integration gives users access to Coinapult’s convenient value-locking service, Locks, which allows any value of bitcoin to be locked to USD. This provides the user with a quick and simple way to use and hold bitcoin without worrying about bitcoin market volatility. The dollar value of the user’s bitcoin is retained over time, no matter what the market does. Users are able to set up a Coinapult Locks account from directly within the app and from there can simply transfer bitcoin in and out of the account to lock and unlock the desired amount of bitcoin. For example, you could lock $1,000 of bitcoin to USD in October to make sure you have the funds to pay your rent for November. Then when it comes time to pay your rent, you can unlock the $1,000 of bitcoin value in your wallet and pay your rent, even if the price of bitcoin were to fall 50% the day before! You’re locked! You’re safe! Any bitcoins deposited to the Mycelium-Coinapult wallet are automatically pegged to USD. When you send locked funds out, they are sent as bitcoins and deducted from your current USD balance. Watch the demo video of how to use a Coinapult USD account with the Mycelium app https://youtu.be/eT2CmOfXyH0
Top 10 Best Cryptocurrency Wallets for 2019 (Re-Post)
https://preview.redd.it/g0j3lqvymxi31.png?width=1500&format=png&auto=webp&s=f1024902cc5c9ad6f0417a419d0c1b4e75c2c13f You've asked for a list to find the Best Cryptocurrency Wallet, We've delivered! Bitcoin prices have been rising throughout 2019, and have now hit over $10,000! Pair that with newer cryptocurrencies such as ether along with an increasing acceptance of blockchain tech plus media and government coverage, cryptocurrency wallets are needed now more than ever. Whether you are looking for the best cryptocurrency wallets, Bitcoin wallet or the best Ethereum wallet, we've got you covered. These best cryptocurrency wallets, best Bitcoin wallets, and best Ethereum wallets have proven to be crowd-pleasers, and each comes with its own array of pros and cons that are mostly dependent on user preference:
1. Ledger Nano S (Best Ethereum Wallet)
The Ledger Nano S is a cryptocurrency multi-asset hardware wallet that looks like a folding flash drive. It can store Bitcoin, Ethereum, and other Altcoins. The Ledger Nano S connects via a USB cable and requires interaction with the device to confirm transactions. Ledger’s Nano S is also U2F authentication compliant for use with other services and can run multiple apps. The Ledger Nano is safe, relatively inexpensive, malware proof and cannot be hacked. For those reasons, we think it is one of the best cryptocurrency wallets. See #6 for the Nano's beefed up brother, the Ledger Blue! Ledger Nano S is available in saffron yellow, flamingo pink, jade green, lagoon blue, and black. According to Ledger, these are in stock and shipping. Cost: $59 Buy Direct Here > www.LedgerWallet.com
2. Coinbase (Best Bitcoin Wallet)
CB is an established and dedicated cryptocurrency exchange, a Bitcoin, and Ethereum wallet, and is supported in more than 30 countries. They have helped over 10 million users transact more than $20 billion in cryptocurrency exchanges and is the industry leader for cryptocurrency exchange. They have a great user interface that is easy to use. Free to sign up but they do charge a minimal transaction fee depending on the size of the transaction. Simply sign up, connect your bank account or credit card, then buy your cryptocurrency. You will need to verify your identity by providing 1 or multiple pieces of identity, depending on how much you buy. Once you've purchased your Bitcoin, You can easily transfer it to your “vault” for better protection. It may take several days to receive the first Bitcoins you purchase. Be sure to turn on 2-factor authentication for additional protection to your account, you can download this on any cell phone using Google Authenticator or Authy. Sign Up Here >www.Coinbase.com
3. Ledger BLUE
The “Rolls Royce of hardware wallets! It is by far the most advanced hardware security gear on the market. Comes with a color large touchscreen, Bluetooth, and a rechargeable battery. Lightweight for easy transportation and storage. Works with multi currencies and extensible with other apps. Ledger offers enterprise-level security. If it wasn't for the high price point, Ledger would get our vote for the top 5 best cryptocurrency wallets. Shipping: Available for Preorder, According to Ledger this will ship in late September 2017. Cost: 229.00€ or roughly $270 USD. Buy Direct Here >www.LedgerWallet.com
KeepKey is a simple hardware wallet that secures Bitcoin, Ethereum, Litecoin, Dogecoin dash, and Namecoin. Your assets are protected from hackers and thieves. They claim to be virus and malware proof because it does not have an operating system like your phone or computer. The firmware is 100% open source and works on PC, Mac, Linux, and Android. You can make modifications to their firmware or create your own, then run it. Keep Key has a great digital display and comes in a very appealing anodized aluminum and black polycarbonate case. They offer a 1-year limited warranty. As of 8/29/2017, These are finally back in stock! Cost: $99 USD. Buy Direct Here >www.KeepKey.com
TREZOR is an industry-leading hardware multi-cryptocurrency wallet. They were the original hardware wallet and claim to be the most secure. These are quick to setup and easy to use. They offer a Google Chrome extension that communicates with your hardware. TREZOR combines an easy setup with a small, durable token for authenticating and storing cryptocurrency. The token can also act as a security key for the new U2F authentication process. These are available in black and white colors. Customers tell us these are shipping 4 days after the order is placed. Cost: 89. € or roughly $10 USD. They also offer a “Multipack that contains 3 Trezors and gives you a 22€ discount. Buy Direct Here > www.Trezor.io
StrongCoin one of the best cryptocurrency wallets. They are a hybrid wallet allows you to send and receive Bitcoins just like any other wallet. However, the Bitcoin private key which is required to send money is encrypted in your browser before it reaches their servers. They can never hold your bitcoins ransom because you are able to download your entire account as a PDF. You can purchase bitcoins directly to your StrongCoin wallet so they are never at risk of theft on an exchange. StrongCoin is the longest running Bitcoin wallet. 110,000 users have signed up and it appears to be a very well known and widely used company. Their wallets are free to create but they do charge a small transaction fee depending on the amount of Bitcoin. Sign Up Here >www.StrongCoin.com
If this page were titled The Best Designed Cryptocurrency Wallet and not Best Cryptocurrency Wallets, Exodus would be the clear winner. Exodus is the first desktop software wallet to have ShapeShift built into the interface in order to allow for rapid conversion between various altcoins and cryptocurrencies. Beyond having ShapeShift integration, Exodus is a multi-asset wallet and lets you store your private keys in one application with a customizable user interface. You have full control over your encrypted private keys, they have beautiful live charts and you can customize the look and feel of their interface. They offer 24/7 support via their help desk or email which makes communication nice for late night projects. They also offer a Slack channel for communication with other users. Exodus is available for Windows, Mac, and Linux. This software is free to download.
8. Jaxx – Ice Cube
Jaxx established their brand by allowing for cross-platform support with their crypto wallet. They have added integration support for ShapeShift and gives users a multi-currency wallet that they hold the private keys for. Jaxx announced the “Ice Cube” which is a hardware wallet with a camera and cellular chip for broadcasting transactions that never connects to the internet. The Ice Cube is water and fire resistant. This company is small and can also be stored in a safe or safety deposit box for security. Jaxx has a beautiful user interface and visible code, you can tell they have designed this product for the amateur as well as the most experienced Crypto enthusiast.
Granted the prestigious “Best Mobile App” award by Blockchain.info in 2014, the wallet provides the ability to send and receive bitcoins whilst benefiting from bank-grade security. Mycelium is an Android-based multi-asset cryptocurrency wallet that has been tested by hundreds of thousands of users. At the time of writing this, they had the most stars on Google Play. They are in the midst of integrating with a variety of third-party service providers to bring new and emerging applications into a realm of usefulness that can only be achieved with native functionality and a high degree of user trust. They currently integrate with Cashila, Glidera, Coinapult, Trezor, and Ledger. Mycelium also has hardware wallets and is working to further the development of decentralized applications (DApps). They are constantly upgrading this software. They are working on a personal finance tool to pay your bills and manage your finances and investments. This is the best Ethereum wallet and the best Bitcoin Wallet.
Electrum was created by Thomas Voegtlin in November 2011, as a result, various developers have contributed to its source code. A software wallet that was designed to give users the freedom to manage their funds and private keys in a secure manner. Electrum allows you to store your private keys offline and integrates with some hardware wallets like TREZOR or Ledger products. Electrum utilizes decentralized servers to ensure minimal to no downtime.
Different Types of Cryptocurrency Wallets:
What is a Cryptocurrency Hardware Wallet?
These cryptocurrency Wallets store your information offline so it cannot be hacked. While it is more expensive than most other wallets, It can be a great investment. A lot of people buy 2-4 hardware wallets to spread the risk of losing one. We recommend storing this in a safety deposit box at your bank or in a very safe and secure place in your home. The downside of these wallets is losing your wallet, be careful! For security, we think these are the best cryptocurrency wallets available.
What is a Cryptocurrency Web Wallet?
These are the easiest wallets to use and the most convenient. Most websites will allow for 2-factor authentication through Google, text message, or Authy. This adds a great layer of protection. We have heard of very few cases where these accounts were hacked individually but we have heard of entire exchanges getting hacked which results in stolen bitcoins. We always keep some of our Bitcoin, Litecoin, Ethereum and other Altcoins in web-based crypto wallets so we can easily day trade and move funds around.
What is a Cryptocurrency Desktop Wallet?
These are great wallets for storing cryptocurrency. You don't have the concern of losing your wallet like a hardware cryptocurrency wallets. You don't have the concern of getting hacked like web-based cryptocurrency wallets. These desktop wallets are generally free or low cost. You are however at risk of losing your wallet if your computer fails or is lost or stolen. If you want to make sure you don't lose these wallets, we suggest printing them on a durable material like foam board printing. These can make for the best bitcoin wallet and also the best Etereum wallet.
What is a Cryptocurrency Mobile Wallet?
Both Apple and Android offer mobile app based cryptocurrency wallets. These are great because you can use them on the go and on the fly. We have read several reports on Reddit about fraudulent apps that steal your bitcoin wallet and all of its contents so please be sure to use a well known Mobile crypto wallet. Link to original blog post: https://www.disruptordaily.com/top-10-best-cryptocurrency-wallets-for-2017/
Coinapult is a cryptocurrency wallet which was designed with Bitcoin newcomers in mind. It allows sending bitcoins via email and SMS, and a handy tool called Locks helps protecting your balance from Bitcoin price swings. Country: Panama Headquarter: Panama City Type: Wallet Round: Seed Cost: $0.78 million Date: 30-Sep-2014 Investors: Bitcoin Opportunity Corp, Roger Ver, FirstMark Capital, Erik ... Coinapult is Bitcoin wallet known for its “Locks” feature that allows users to peg the value of bitcoins to other assets, like dollars, gold, or silver. History. Coinapult was founded by Erik Voorhees and Ira Miller in 2012. The company was the first to allow Bitcoin wallet functions through email and SMS. Locks Coinapult Price Ticker. USD EUR GBP XAU XAG Transaction Class Transaction Size Bid Ask; Small: 0 - 50 BTC: Medium: 50 - 250 BTC: Large: 250 - 1000 BTC: Coinapult Price Calculator ~ 0 BTC. BTC. Reference currency Rate: 1 BTC = x EUR. Use a reference currency Go to Pricing page to learn how we calculate our prices. Bitcoin-Friendly Banking. Deposit and withdraw fiat currencies from your private ... Coinapult charges no fees for using the locking service, and does not sell bitcoin to consumers. At the point a user locks in a value or unlocks the value of their BTC, Miller explained, Coinapult ... Coinapult shall provide two main services: (1) Bitcoin wallet services and (2) the advanced wallet service in accordance with the terms set forth below. WALLET Regular Wallet. Coinapult will allow you to create a Bitcoin wallet within its system solely by accessing its website and clicking in the link referencing the creation of a wallet. This ...
Bitcoin friends Jeffrey Tucker and Gabe Sukenik on price stability and innovation
Coinapult has a new service that helps stabilize the price of Bitcoin for consumer use. It's called Locks. Here's how it works and why it is needed. BTC, ETH, LTC voodoo test charts! Price targets & pivots - NO MIC! OPTICALARTdotCOM 251 watching. Live now; Bitcoin: How Cryptocurrencies Work - Duration: 9:25. SciShow Recommended for you. 9:25 ... After you open your Coinapult Wallet, Locks will be available to use to protect your bitcoin value from bitcoins notorious price changes. Coinapult have been pioneering Bitcoin technology since 2011 and are proud to present you with robust payment tools like our simple web Wallet, Bitcoin by em... This video is unavailable. Watch Queue Queue. Watch Queue Queue