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Showing posts with label track bitcoin trading. Show all posts
Showing posts with label track bitcoin trading. Show all posts

Monday, March 19, 2018

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Sometimes we kill the bear!


Sometimes we kill the bear, and sometimes, well, the bear kills us!


Ons is nou in 'n beermark en baie beleggers, veral diegene wat slegs vanaf Januarie 18 in die crypto ingegaan het, sou hul portefeulje aansienlik verminder het. Ek dink dit is kritieke tye en inderwaarheid voordelig vir die digitale markte, aangesien dit help om te onderskei tussen die goeie projekte, die middelmatige en bedrogspulprojekte. Ignoreer die mark en kyk na jou portefeulje oor 6 maande.


Vir diegene wat nie meer kapitaal in crypto wil plaas nie,  sal ek sterk aanbeveel om eerder as om teen 'n verlies te verkoop, die portefeulje oor 'n 6 maande termein te evalueer. As jy 'n aanhanger van blockchain tegnologie en sy vooruitsigte is, bly kalm en wees 'n langtermynbelegger.


Vir diegene wat meer wil belê, sal ek sterk aanbeveel om die aankope te skaal. Kyk na die afgelope maand hoe Bitcoin verskeie ondersteuningsvlakke gebreek het. Die volgende ondersteuning is USD6k en as dit gebreek word, sal ons waarskynlik USD4k sien.

Oor die afgelope paar maande was daar 'n spul beleggers wat ICO's in die mark bekendgestel het en die baie gesogte ICO's is in minder as 'n uur uitverkoop wanneer dit vir die algemene publiek oopgemaak is. Koop nou daardie ICO-munte wat jy op misgeloop het stelselmatig op.

Laaste maar nie die minste nie, as jy vir lang termyn in crypto gaan belê. Hierdie beermark bied 'n goeie tyd om die byl skerp te maak. As jy nou tyd gaan spandeer op crypto, spandeer dit dan op die verbetering van jou programmeringskennis, deur te netwerk en meer interaksie met kripto-mense te hê. Met minder tyd en aandag aan die daaglikse prysskommelinge, reddit kommentaar, telegram etc. kan jou tyd nou bietjie spandeer word op die besteding van meer kwaliteit tyd op jouself en buite die cryptoworld met jou geliefdes. Dit is altyd die moeite werd om in jouself te belê en 'n beermark in kripto gee ons eintlik die nodige rustigheid om dit te doen.


Friday, December 29, 2017

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How to buy Ripple(XRP) in South Africa

buy bitcoin with credit card south africa
One of the problems which most investors of Ripple coin investors face is the problem to buy Ripple coin with bank, debit card and credit card. There is very limited cryptocurrency exchange services platform which allows you to purchase Ripple coin directly by paying money through Credit or Debit card. Mostly, the website required you to purchase Bitcoin first and then convert them into Ripple coin. Due to double transition, you lost some coin because the rate of BTC changed very fast, second, you have to pay double transaction and exchange fee; first, the fee to change USD to BTC and then BTC to XRP. But Changelly has solved this issue.
Changelly Voted Best CryptoCurrency Exchange For 2017 Read Our Review
Changelly is a popular cryptocurrency exchange website which is specially created for the digital currency. Changelly was founded in 2013. In the start, it was not very popular because the digital currencies were not very popular in 2013. But with the popularity of digital currencies and interest of people to invest in digital currencies like Ripple coin and Bitcoin, the Changelly also got equal popularity.
changelly coin buy
Changelly has introduced a new option to the investors which allow them to buy Ripple XRP coin or any other types of the coin which supported by their company simply by paying through Credit or Debit card. This is the main reason which made Changelly one of the most popular cryptocurrency exchange websites. They are offering this option to all type of digital currency.
The process of purchasing Ripple coin with a Credit card through Changelly is not difficult. It takes no more than few seconds to few minutes to get Ripple coin in your Ripple wallet.
changelly coin buy

Requirements to buy Ripple coin with Credit or Debit Card:

There is not much requirement for this purpose. All you need to be a registered user on Changelly website(Which is totally free) and you must have a Ripple wallet address to receive the Ripple coin. The Ripple wallet account can be created on CoinPayment for free. They charge a fee only when you make a transaction.

Step by step guide to buying Ripple XRP Coin on Changelly with Credit Card:

Follow these steps to buy XRP by paying through Debit card or Credit card,in Bitcoin or EFT:
Step 1: Register on the website:

changelly singup
Registration on Changelly is totally free for all investors. The website will charge a fee only on transactions. There is no fee to create and maintain an account on Changelly. To register on Changelly, you need to click on Sing up button which can be found on the top of the website, on the right-hand side. For registration purpose, you need to have a valid email ID where the website will send you your username, password, and other details.
Step 2: Select the currency:
changelly ripple
Once you register on the website and follow the guide by creating your profile, the next step is to buy Ripple coin with Credit/Debit Card. For this purpose, you need to visit the home page of Changelly. From there you need to select the currency you want to purchase e.g. Ripple Coin (XRP) and enter the amount in USD in other bar. Once you done with this, click on exchange button. If you are already login to the website, it will take you the payment process page; otherwise, it will ask you to log in on Changelly first.
Step 3: Confirm your order:
On this page, you need to confirm your order by checking the amount in USD and XRP. You will get other information on this page including estimated time of arrival of XRP in your Ripple wallet. Click next if you agree with this.
Step 4: Enter the Ripple wallet address:
changelly address
You need to create a Ripple wallet (some wallets give you Destination Tag to complete the transfer safe), where you would like to receive your Ripple coin. You can use CoinPayments network for this purpose because it is free and charge a very low fee on every transaction. (For long term investment i high recommend Ledger Nano S wallet,For more information about Best Ripple XRP . Once you enter the address of your wallet and destination tag, you need to click on Next button to proceed.
Step 5: Confirm the information:
changelly xrp confirm
Changelly will ask for the confirmation before making the process. Look on the detail, if everything looks fine, click on the button called “Confirm and Make Payment”.
Step 6: Enter the Credit card details:
changelly visa
In the previous step, your transaction has been created to buy Ripple coin with your Credit or Debit card. Simply, click on Pay With Visa/Master Card button and enter your card details with valid thru and CVC details. Click on Pay button which will also show you the amount which you have to pay.
Step 7: Confirm your payment by SMS:
changelly phone
For this confirmation, you need to enter your phone number. You will receive a 4 digit code on your mobile for this purpose. If you do not receive the call, you can use the alternative way for the verification purpose. For this purpose, you must have a camera on your computer or mobile through which you are buying the Ripple coin. You will need to record a video by holding your passport with the picture in your hand. You will receive the code within 15 minutes if you choose the second option on your computer screen.
changelly coin buy
Step 8: Receive your Ripple coin:
Once you entered the four digit code, your transaction will be processed. It may take from 5-30 minutes to receive Ripple coin in your Ripple wallet.
The time of receiving Ripple coin in your Wallet also depends on the wallet website. If you choose Coinpayments as your Ripple coin, the process time will be very fast. Also, keep in mind that the first transaction on any website takes time because on the first transaction the company verifies the identity of the person to minimize the chances of fraud.
Different websites have different policies when it’s come to purchase Ripple XRP coin due to which the process could be time taking but Changelly does not have any complex process of purchasing Ripple coin with Debit or Credit Card, so as compared to other cryptocurrency websites, the process on Changelly is relatively fast.

Monday, December 18, 2017

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South Africa Wants to Track and Tax Bitcoin Trading

It’s said that nothing in this world is certain, except death and taxes. And at least for the latter we can be sure that the powers-that-be are not going to let this change without a fight. The latest country now known to be looking at taxing bitcoin trading is South Africa.


South Africa Wants to Track and Tax Bitcoin Trading Bitcoin use has been rapidly growing in South Africa, mostly for trading, becoming so popular people can even pay their driving tickets with the cryptocurrency. This has prompted the South African Revenue Service (Sars) to explore ways to ensure it gets its cut from all the action. The agency is reportedly in talks with leading international technology companies to find an efficient method to track cryptocurrency trading in the country for taxing proposes.




Dr Randall Carolissen, Sars group executive for research, said: “As you can imagine it is very difficult – the blockchain technology. Without revealing too much – we are talking to some of the top technology companies in the world that are doing similar work for Canada and the UK and we are hoping to get that technology.”

He added that the agency is also solidifying its connection with the South African Reserve Bank (SARB), the country’s central bank, to see how they can better match cross-border outflows and inflows of money to try and make sure people have less “room to hide things.”

International Cooperation

South Africa Wants to Track and Tax Bitcoin Trading. Dr Carolissen explained that “At the moment, we are treating cryptocurrency in the same way as capital realisation – so in other words, it is like a Krugerrand. If you buy it at a particular point and you then sell it, you will be faced with a capital appreciation and then we will treat it as Capital Gains Tax.”

The South African tax man revealed that Sars is working with similar agencies from different countries on implementing new policies for tackling the issue via the Organization for Economic Cooperation and Development’s (OECD). This collaboration is said to provide them with detailed recommendations for handling cryptocurrencies.

“We were part of the OECD working groups and that has certainly been incorporated into our policy environment. So we are on top of it. In fact, South Africa is cited as one of the leading implementers of this cryptocurrency environment,” Carolissen said.

The international interest is not surprising considering we have only recently seen the U.S. IRS, South Korea’s National Tax Service and the Income Tax Department of India involve themselves with bitcoin. It is not clear what each regulator can do to track trading involving at least one party from their country, other than force local exchanges to report all transactions and compel citizens to reveal all their trades.

Are tax authorities around the world going to be able to track bitcoin trading soon? Share your thoughts in the comments section below!

source: bitcoin.com
Avi Mizrahi: Economist and entrepreneur who has been covering Bitcoin as a journalist since 2013.

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