Sentences with phrase «altcoins using»

The platform allows customers to buy and sell Bitcoin and Altcoins using any of the multiple available payments / withdrawal methods, based on their convenience.

AltQuick, a BitQuick offshoot, has announced that it will begin offering users the option to purchase altcoins using fiat through local banks and credit unions.

Similar in size to a car key, this hardware wallet allows users to store various cryptocurrencies like bitcoin and other altcoins using a private key which is stored internally.

You can buy bitcoins or altcoins using Fiat currencies or sell the same in return for Fiat currencies (USD, Pound, Euro, etc).

You can easily integrate Bitcoin payments to your own wordpress plugin using our official wordpress plugin bitcoin gateway (for example, if you have «membership plugin» - you can offer premium membership for bitcoins / altcoins using our wordpress bitcoin gateway).

You can deposit over 50 altcoins using Wirex's Shapeshift integration, then convert them into fiat or bitcoin.

Most popular altcoins use the same fundamental building blocks as bitcoin.

To understand why, first consider the case of a more traditional altcoin, in our example running SHA256 for simplicity (if the altcoin uses a custom algorithm, then Litecoin miners can pull off the attack instead).

When an altcoin uses the same Proof of Work (PoW) as bitcoin, miners are inclined to switch between it and bitcoin depending on profitability.

While several Altcoins use a similar technology as Bitcoin by implementing SHA - 256 algorithm, ADA, the official cryptocurrency of Cardano offers a different technology and trading approach.

While Proof of Work SHA2 runs bitcoin, different altcoins use scrypt or other solutions to solve this problem.

Not exact matches

The blockchain concept has now been replicated and is being used to power hundreds of different altcoins that can all be bought and sold on digital exchanges.

one token for another — for example, using Ethereum to purchase an altcoin — creates a taxable event.

Currently, a host of exchanger resources offering direct transfers to bank cards and electronic wallets for Bitcoin and altcoins are in operation, but tax obligations for residents who use them remain at best open to interpretation.

Since 2009, when Bitcoin became the first decentralized digital currency and numerous altcoins started to emerge, the market cap term has also come into common use to describe the total dollar market value and available supply of the total amount of digital currency in circulation.

Mining is the term used for running a series of calculations on a computer to verify the transactions that take place in the Bitcoin or altcoin network.

These are the differences that make altcoin mining far more favorable on a GPU, as for others they use CPU processing.

Interestingly, Lee explained how it was a pragmatic decision for Litecoin to use a different algorithm to Bitcoin, as he had seen the significant problems other altcoins had faced when their miners were required to compete with Bitcoin's miners.

For example, on most exchanges, you either have the option to use fiat (e.g. USD) or bitcoin to buy or trade altcoins.

«The goals of the Uquid altcoin cards are to help altcoin users turn their coins into cash and use services instantly.

Mintcoin is an altcoin that claims to use less power.

Currently at BetKing, we support up to 19 different altcoins, tokens and cryptocurrencies in order to provide our players with more choice than the traditional BTC tokens used on numerous other sites.

ARM can be also used as a storage value, as its price represents a fraction of crude oil, while it can be also exchanged for any other major cryptocurrency like Ethereum (ETH), from where it could be transacted in any altcoin.

Altcoins are built using Bitcoin's original, open - source protocol with certain modifications to its underlying code.

People stopped using them to try to buy stuff, hoarded them for speculative gains instead, and then grumbled when exchanges were hacked, their windfalls stolen or frozen and many of the altcoin offerings turned out to be blatant frauds.

Other cryptocurrencies — called «Altcoins» — have just been penny bonds on untrustworthy online - markets, mostly used to keep miner's GPUs working, siphon the cost and dump the coins.

Buyers can then use this BTC or ETH to put money into Altcoin utilizing one of many buying and selling exchanges we posted beforehand.

Using ShapeShift you can deposit and convert your altcoins into bitcoin or any of the 50 + fiat currencies supported in the Abra wallet.

Users are able to transact using all major Altcoins because of its partnership with ShapeShift.

A successful, albeit riskier strategy employed by various traders, include using bitcoin (BTC) as the primary trading cryptocurrency when trading altcoins.

Exchange: A cryptocurrency exchange is an online platform or digital marketplace where traders can buy and sell cryptocurrencies using different forms of fiat currency or other altcoins.

The paper details the data used for the study, identifies the suspicious trading activity and notes that these sorts of manipulative practices may still be possible today, especially in the altcoin markets.

Corion Coin is the first and only altcoin with consistent profit and stable price that's meant for day to day use as a global digital currency.

At the time of writing (February 2018), there are more than 1,500 altcoins available for use.

At that point, these miners will have two choices: either use their rigs to mine other altcoins like ZCash, or try to sell them online.

If we restrict Ethereum to only externally owned accounts and allow only transactions between them, we arrive at an «altcoin» system that is less powerful than bitcoin itself and can only be used to transfer ether.

Litecoin creator Charlie Lee says the major difference between bitcoin and altcoins is that the former will be used as a store of value, whereas the latter will be used for purchases.

Altcoins are predominantly used for speculation and their trading volume counts towards bitcoin volume stats because BTC is the dominant currency pairing.

This hard fork is not supported by the vast majority of the Bitcoin community and using any of the above services, and others on this list, could result in your Bitcoin being lost and replaced by an altcoin.

«Altcoin» is a term used to describe any of Bitcoin's contemporaries, and is evidence of Bitcoin's influence over the market.

Gizmodo points out that bitcoins are used as a way to buy into other cryptocurrencies, sometimes called altcoins.

Use your credit card, Bitcoin, Ethereum, Litecoin and 15 + other altcoins to fund your account and get started.

Even though bitcoin cash right now is being traded at ~ $ 600, it will take a while before you can use the fork for other purposes except trading with other altcoins or converting it back into cash.

To invest in newer altcoins, there is a larger variety of exchanges that operate using bitcoin as a financial medium exclusively.

Traders must use blockchain infrastructure like wallets to send bitcoin to the exchange, and then they can use it to buy altcoins denominated in BTC, like Stellar Lumens (XLM), Request Network (REQ), Cardano (ADA), and countless others.

A large portion of ATMs started support of altcoins, and this trend will potentially continue further, while Bitcoin has congested network and too high fees (although during June the average bitcoin transaction fee fell from ~ $ 5 to ~ $ 3, it is still at high level for many use - cases).

«As Bitcoin and altcoins are becoming more mainstream, being constantly in the spotlight, we are seeing regulators becoming more active to crack down on illegal uses.»

«I think that a larger number of functional «altcoins» including Ethereum can be implemented in Bitcoins main chain using sidechain technology.

Bitstamp is a reliable and easy to use exchange to buy / sell Bitcoin and other popular Altcoins with major fiat currencies.

Once you've got your hands on some Ethereum, you can trade it for a wide variety of different altcoins provided the exchange you're using on offers that specific ETH - pairing.