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Two Years in Ark - A Brief Retrospective

Two Years in Ark - A Brief Retrospective

https://preview.redd.it/s6uu8g27ul331.jpg?width=800&format=pjpg&auto=webp&s=115d0f1152d66546ee5aa61e1acd23c4c8dfb7b8

It was two years ago, June 11, 2017 at 2:40:26 AM EST, when delegate arkmoon officially registered on the ARK mainnet.
It had been roughly 4 years since I'd even looked at anything crypto-related, considering the fall of Mt. Gox had shaken investors to the core. Back then, crypto was still mostly the Wild West. You could only get Bitcoin through sites like Virwox after losing 20-40% in fees as you transferred from PayPay to Second Life Linden to Bitcoin... or shady sites where you had to use Dwolla or mail someone a money order and pray they didn't rip you off... or try your luck mining some of the new Bitcoin forks (e.g. Vertcoin, etc.) but odds are you weren't going to break even for at least 6 months, and I was too poor to buy and hodl long term.
When I heard "bitcoin" mentioned on a mainstream radio station in May, 2017, I scrambled to dig out old hard drives, CD-R's, laptops. Anything I might have had an old wallet on, but alas, I had sold it all in 2013 at a loss (anything that hadn't been stolen already).
Ethereum. "Hmm, that's new," I thought. And so, down the rabbit hole I fell, trying to decide now what to invest in. Bitcoin, yes, and some Ethereum. Ok, but the blockchains for these took days and weeks to download before I could even use them. There were new exchanges, such as Kraken and Bittrex. The fees were lower, and so I got started.
Then, one night in June, I found ARK. I'm not sure exactly how. Going through the list of coins available, ARK stood out in the fact that you didn't need to download an entire blockchain to start using it. You just downloaded the desktop wallet, and you had coins transferred in 8 seconds. So easy, it was something your grandma could do.
And then I continued to read about it. What it was built on, and how it worked. "Delegated Proof of Stake", definitely more affordable and environmentally friendly than running GPUs and ASICs with thousands of watts for mining POW coins.
"ARK, then."
I registered arkmoon delegate in an effort to solve a problem. Back in June, 2017, Ark delegates had a problem with pool hoppers. Delegates would schedule manual payouts either once per day or once per week. And right before a payout would happen, these pool hoppers would jump in and vote, essentially stealing potential rewards from loyal voters.
My initial delegate proposal was simple. Vote for me; I want to create a system that credits voters at the block-level, so they earn only if are voting for you, and you'll never have to worry about blacklisting pool hoppers again. I got virtually no support, which was frustrating. It got to the point where I simply removed myself from Ark from about June till September since no one had been voting for me. I'd like to take a second here to give a shoutout to delegate jarunik, who offered words of encouragement during this stressful time. Eventually, in October, 2017, a mysterious benefactor with over a million Ark decided to give me a chance by voting for me. Eventually, they slowly backed away while I gained my own voters organically through my dedication and higher share rate. For this chance, I am eternally grateful.
Around this time, the first biz delegate was created from 4chan, fat-fingered his payout and was begging for my solution. biz or the person behind it lasted a week, then was voted out in favor of the much more responsible GoldenPepe and his team biz_classic, who were able to release the first block-level payout script that was eventually adopted by (most) delegates. I say most, because there were several who never adopted it, and suffered as a consequence.
As time went on, we had our fair share of scammers; people who would write decent proposals, and would run off with their forging rewards. Delegates who had zero technical skill who doubled forged on the network. We've had a delegate publish their private passphrase on the blockchain. But all-in-all, things continued forward, and dedicated delegates appeared to mostly where we are today.
Then, we hit the big bull run in December, 2017 and everything was peachy. I had only been a delegate for less than 2 months, and really didn't have anything accumulated, but 2018 looked promising, so I kept working hard on building e-commerce and tax assistance sites to support the Ecosystem. As we all know now, we've been full bear mode for the past two years, but I have stuck with Ark in spite of it all simply due to the dedication I've consistently seen from the core Ark team and its delegates.
The Ark team has been consistently improving the stability and security of the blockchain, even as the price has fallen as low as it's been. Delegates such as alessio are dedicated solely on making sure the blockchain is secure, and delegates such as goose and I have been trying to develop useful tools to help both delegates and potential ARK users alike. We have cams_yellow_jacket producing professional videos, and thegoldenhorde continually impressing the community with their merch and awesome designs. Delegate arkland has amazing raffles. I can honestly say that I am proud to be part of this community.
Now, with the Ark Deployer, we are starting to see new people pop up in the Slack channels, asking how they can start up their own blockchains. The first person to start up their own chain is an accountant by profession, with little server-side experience and was able to get an Ark sidechain running in less than 24 hours. The true Ark Ecosystem is starting to form, and I am hopeful for the future.
I'd like to just take a moment to thank all my voters, and to all of you in the Ark Ecosystem for your continued support. I don't know what the future holds for us, but I am thankful for how far we've come.
submitted by arkmoon-delegate to ArkEcosystem [link] [comments]

Dumb question, but how do i actually buy bitcoins?

I'm looking to buy some for purely speculative purposes, whats the best/easiest way to do this?
submitted by NecroSyphilis to Bitcoin [link] [comments]

Fuck Virwox For Buying Bitcoin!

So I had 784 AUD to turn into BTC, which is 1.3 BTC, but by the time Virwox.com was done with the conversions, I came up with 1.06! THAT'S LIKE $182 IN FUCKING FEES!
Fuck Virwox. Don't ever buy Bitcoins from this virtual exchange, ever. Complete rip off.
submitted by Tails_8 to Bitcoin [link] [comments]

How to Buy Bitcoin with PayPal

How to Buy Bitcoin with PayPal
In order to buy Bitcoin, casual investors want to avoid the complicated process of setting up an account with exchanges or going the mining route – two rather detailed and laborious processes. Thankfully PayPal offers a more convenient method to acquire digital currencies.

How to Buy Bitcoins with PayPal through eToro

Pros: Accepts a variety of payment methods, low fees
Cons: Not available in the US
eToro is a platform that allows users to buy bitcoins with PayPal and is considered to be one of the easiest methods to do so. Worthy of note is that eToro does not enable users to withdraw or transfer bitcoins to other users, rather it allows users to sell Bitcoin only for fiat currency. Users do not need a bitcoin wallet to use eToro as they do not store any coins.

How to Buy Bitcoin with PayPal through VirWox

Pros: A reliable method
Cons: High fees
VirWox (Virtual World Exchange) – It is a platform that allows trading of digital currencies such as Lindens, Bitcoins, etc. This exchange has more than 400,000 registered users and is an authorized reseller of Second Life Lindens (SLL).
Here is a step-by-step guide taking you through VirWox:
  • Go to VirWox.com
  • Open an account – login to Virwox, register and fill personal details like username, email address, etc. Skip when asked for “avatar name” and enter all other necessary information and click “register”.
  • Activate an account – a confirmation email is sent to your account with a password. Login to Virwox with these credentials. It is advised to change the password before transferring money.
  • Deposit money through PayPal – to do this, ensure you have an account with PayPal and ‘understand terms of service’ allowed by PayPal for using SLLs to buy bitcoins. Deposit money into Virwox account via PayPal. Now you have a balance in your VirWox account to purchase coins with.
  • Go back to VirWox and buy SLL, and then buy bitcoins with your newly purchased SLL. Click “withdraw” to send your new bitcoins to your wallet. That’s it! Now you own Bitcoin!
VirWox charges fees for each transaction such as exchanging USD for SLL and then exchanging SLL for BTC. The fee structure of VirWox changes constantly so keep an eye on this every time you want to make a transaction. VirWox has been in the market for a long time and is currently the most reliable platform.

How to Buy Bitcoin with PayPal through Local Bitcoins

Pros: Various sellers from all around the world
Cons: High fees, chances of scams
Local Bitcoins is another marketplace where buyers and sellers meet. In this method, users can buy bitcoins with PayPal by finding a suitable seller with an excellent feedback score and large trade volume. Trading with new buyers involves higher risk, so sellers charge buyers high fees – keep that in mind!
  • Enter search parameters – go to Local Bitcoins and select your country and choose the amount to be purchased.
  • Choose a seller – a list of sellers is displayed by Local Bitcoins. Choose a seller who has a good feedback score. Each seller has trade limits which range from a minimum to a maximum amount of bitcoins required to trade.
  • Go to Payment window – buyer’s reputation increases per transaction and sellers prefer to sell bitcoins to buyers with a good reputation to avoid becoming a victim of fraud.
  • Complete the trade – after finding a suitable seller and entering the quantity of purchase, click “Send trade request” and your done!

How to Buy Bitcoin Using PayPal through Wirex

Pros: Normal fees
Cons: Withdrawing funds takes more than a week
Wirex is a leading company that provides virtual and physical bitcoin debit cards (which is just like a normal debit card). Users can use Wirex’s card to buy bitcoins with PayPal.
  • Request for a new physical/ virtual debit card from Wirex – login to Wirex and click on “request new card” and choose the card type. Users can use both physical and virtual cards to buy bitcoins via PayPal.
  • Link debit card details to PayPal account:
    • In PayPal account, go to “wallet”, select “add a card” to add your virtual bitcoin card. A minimum of $3 is required in PayPal account to verify this card.
    • A 4-digit code is generated, which is the verification pin for Wirex cards on PayPal.
    • Go to “wallet” and click “Withdraw funds” and choose “withdraw funds to your card” option.
    • Withdrawal would take up to 7 days to appear in Wirex account.
    • Buy bitcoins with Wirex debit card.

How to Buy Bitcoins Using PayPal through Paxful

Pros: Wide range of sellers from all over the world
Cons: Chances of scam, high exchange rate
Paxful is the latest version of Local Bitcoins. It is a decentralized peer to peer marketplace and allows users to buy bitcoins with Skype credits, Amazon gift cards, etc. In Paxful, a seller sends bitcoins, buyer purchases and sends dollars to escrow. Once the trading is completed, funds are released to each party.
The process to buy bitcoins through Paxful is:
  • Create an account
  • To buy, select payment method by entering the desired amount
  • To sell bitcoins, select “seller manually” or allow Paxful to decide who the best seller is.

Final Thoughts…

Cryptocurrencies are tentative, complex and involve high risks as they are highly volatile. Before buying bitcoins through PayPal, ensure that the terms and conditions of PayPal and bitcoins are well – understood to make your transactions secure.
Source: CryptoCurrencyNews
https://preview.redd.it/3ripk7pccui11.png?width=983&format=png&auto=webp&s=027e30696faa3bb18ad0d012cea1d88cda09dc67
submitted by Lumi_wallet to LumiWallet [link] [comments]

How can I buy bitcoin with a Visa Gift Card?

I've been searching around, and I've seen this question asked a lot. But it always gets a bunch of different and conflicting answers, and the OP never seems to update with his eventual solution. I'm sorry if you guys are tired of hearing this.
I have a few hundred dollars in Visa Gift Cards, and I'd like to use it to purchase bitcoin. This will be my first purchase so it's all very confusing. The gift cards have the word "Debit" on them, if that means anything.
I've found that you can use gift cards to buy Linden dollars from VirWox and then exchange them for bitcoin. But it seems that this could take up to 48 hours for some reason. Is this the case? If so, I'd prefer a more speedy method if one exists. Also, VirWox seems to have a really low max amount (like $90 iirc) that you can buy at once. Is it possible to make multiple purchases at the max amount in a short time?
There are some people on LocalBitcoins who accept Visa Gift Cards, but they're charging like 150% the going rate for bitcoin, and I'm worried about being scammed. How can I know if users on LocalBitcoins are legit?
Some people claim to have had success with Circle, others claim no success. It seems to be pretty hit-or-miss. So what's the deal with Circle?
I've seen bitquick.co mentioned. All of the listings on their site say "Bank of America," "Any local credit union," "US Bank," etc. Is it possible to buy bitcoin with my gift card on bitquick.co, and how do I go about it/which listings can I use?
Purse.io has been suggested. I don't know much about it. How does it work?
I'd appreciate any advice on using these sites or any others you guys know of. I'd love it if I could find a way to purchase my coin in less then 24hrs, but if I must use VirWox and suffer a long wait, I guess it is what it is.
Thanks everyone!
submitted by randoguy4 to Bitcoin [link] [comments]

Trading DOGE: Your full guide to trading Dogecoin for profit

NOTE: YES! This guide is long, but when you get started it's fast and easy.
Hi everyone,
my previous post about PTC's got so much hate. So I decided to make a full guide on how I made $120 last month. If the same interest and numbers remain you'll be making $100/month for two months, and $500/month for another month. On your third month, you'll be able to make over $750 if the market remains. These last couple of days I've just bought low sold high to people. The steps are really simple and anyone can do it, I'll show you all the steps in detail for maximum profits.
Disclaimer: I am not responsible for your money or actions. Any accusations to me (Rynsi) will not be accepted, use it on your own risk!
1. Introduction
2. Get started with Dogecoin
2.1 Install your wallet
3. Choose trading sources
3.1 USD/BTC
3.2 BTC/DOGE
4. Where to sell Dogecoin?
5. Good advise
6. Summary
7. Proof of Screenshots for the naysayers
8. Links
1. Introduction
I started trading Dogecoin (I'll talk about this coin soon) 5th of February, and saw a great potential in making money with it. With this guide, you'll make 15%-30% of your money back with each trade because the current market is limited, therfor YOU can provite this service that many people request. I started with $72 and now have $220, which makes my ROI 205.5%. I will show you how it's made step by step before it blows up and become viral!
2. Get started with Dogecoin
You can use it to buy goods and services, or trade it for other currencies (both other cryptocurrencies or traditional currency like US dollars). By far the most popular use the Dogecoin however is for "tipping" fellow internet-goers who are creating or sharing great content. Think of it as a more meaningful "like" or upvote, with real value that can be used all across the internet.
2.1 Install your wallet
To start using Dogecoin, you'll need a wallet. A wallet is just like your online bank account, only your entire account is stored securely on your local computer or in the cloud. From your wallet you can send and receive Dogecoin, manage your address book and review a history of your transactions.
Desktop wallets can be downloaded and run from your computer's desktop. Desktop wallets are more secure as they don't rely on a third-party server in the cloud:
Windows (click to download)
OS X (click to download)
Source code(if you're using Linux, you'll need to compile the wallet yourself)
For Windows and OS X users, simply extract the .zip file to a secure location on your computer, then double click on "dogecoin-qt" to run. For information on how to use your desktop wallet, check out this great site.
3. Choose trading sources
You know now how to get a Dogecoin wallet, but you will need to get an online wallet to save USD on, one exchange site to trade USD to BTC and one to trade BTC to DOGE. It might sound a lot to do in the startup phase, but it's really easy once you get going!
3.1 USD/BTC Exchange
There are a lot of options when it comes to buying BTC, but for now VirWox is the only one that accepts PayPal and VISA purchases. You can choose many different kinds of sites that accept USD/BTC trades, that is another story that is another story to be told. VirWox has a limit of depositing $780 per month, but after 60 days you can deposit $2800 per month, so trading as much as possible will be the best thing to do if you want money.
USD Storage: PayPal
USD/BTC Exchange: VirWox (ref / non-ref)
To deposit dollars with (VERIFIED) PayPal to VirWox, you need to be a verified user. This is to prevent frautend actions such as chargebacks and instant payments. The deposit will be instantly made after you complete the order and you can start trade. To trade, you first have to buy SLL with the USD on your account [!!!WARNING!!!] USE LIMIT ORDER and NOT market order.
Now do the same, but with the SLL/BTC exchange. I repeat, do NOT use the market order. Use LIMIT ORDER to get as much BTC as possible.
You have now successfully completed a USD/BTC exchange!
3.2 BTC/DOGE Exchange
This step is almost similar to the previous Exchange, but this step is only with Crypto-currency (read Bitcoin and Dogecoin).
BTC/USD Exchange: Cryptsy (ref / non-ref)
To exchange to BTC, you need to withdraw your BTC from VirWox to Cryptsy. This is made in the Cryptsy balance page, where you can generate a BTC deposit adress. Unfortunately, you have to wait 48 hours the first time for VirWox to accept your deposit manually due to security reasons, all the other transactions in this guide will be almost instant.
Now when you have BTC on your Cryptsy account, you have to do the same as you did with USD/SLL and SLL/BTC, really easy! When you have traded to DOGE, your downloaded Desktop Wallet comes in handy. Deposit the DOGE from Cryptsy to your Desktop Wallet and you're ready to go to the next step!
4. Where to sell Dogecoin?
This is a great surprise I have waited to tell you, you use REDDIT to sell Dogecoin! It's really easy to do. Go to /dogemarket/new and see what the current prices are. You can sell for the same price as others, undercut for faster sales or overcut for slower sales (but bigger profits!). You structure the post by [SERVICE] AMOUNT RATE PAYMENT TYPE (SPECIAL OFFER). Here is an example, my last post where I sold Dogecoin. If you follow my conversation in that post you will see how typical trades are being made.
When you have traded the Doge you can make a post on the /dogemarket verification thread where you achieve levels that will be shown for other users through your flare. Notice the orage flares, those indicate level of trades, age and amount you have traded. These are good for noticing legit and fake users, but always be of scammers!
5. Good advise
A. Only accept GIFT (friends and family option) from (VERIFIED) PayPal, DO NOT accept eChecks or transactions that has to be accepted first. eChecks and Instant payments can be chargebacked and gifts will prevent this from being possible.
B. If you have reached VirWox deposit limit, wait a while to see how the BTC/DOGE market is going. You might make some extra 1000's of DOGE if you wait a while.
C. Always be nice and kind to the DOGE community, they are really friendly, patient and polite, be so too!
D. Try to be fast in your transactions on /dogemarket, good service equals good reviews.
E. PEOPLE WILL TRY TO SCAM YOU! Always check for names including "shibe" or "doge" and new accounts.
F. Have fun! If you have fun trading and communicating with other people on Reddit, you will enjoy yourself and have a better time making money.
6. Summary: A step by step guide to make $100+/month
(and $500+/month after 60 days if market remains)
Download your dogecoin wallet.
Sign up to PayPal, VirWox and Cryptsy.
Add money to your (VERIFIED) PayPal account.
Deposit the money to VirWox.
Exchange money to SLL.
Exchange SLL to BTC.
Withdraw BTC to Cryptsy.
Exchange BTC to DOGE.
Withdraw DOGE to Desktop Wallet.
Make a post on /dogemarket.
Recieve PayPal money from buyer.
Send Dogecoin to buyer.
7. Proof of Screenshots for the naysayers
PayPal Proof
VirWox Proof
Cryptsy Proof
Desktop Wallet Proof
As if you haven't seen the whole iceberg, here is my reddit verification post
8. Links
Dogecoin Promotional video(a must watch)
Dogecoin Subreddit
Dogecoin Official website
Bitcoin Subreddit

Bitcoin Official website

This is my first guide: making over $100/month with a $72 investment. When your VirWox account is 60 days you'll make $500/month and when your VirWox account is 90 days you'll make $750/month (if market remains as it is).
I think it's a big effort by me trying to teach you how to make money, so I would really appreciate you using the referral links. If you find any errors in my guide, please don't hesitate to tell. I will be answering any questions regarding my guide as good as possible doesn't matter if you comment or PM.
I'm accepting any donations,
DHKzSsCVpv5QuJvHxWKENH9SKC3S58raBx
Thanks.
TL;DR Wanna be rich? read.
Edit: Formatting
submitted by Rynsi to beermoney [link] [comments]

PayPal --> Bitcoin (best exchange rates)

What are the cheapest options to withdraw money from PayPal account without transferring them to local bank? I was thinking Bitcoin because exchanging PayPal into other ewallets adds up to about 20% in fees upon cash withdrawal.
VirWox has decent rates (adds up to about 12%), but for some reason they decided that my account is high risk (whatever that means, I'm still waiting on them to get back to me) and refunded my first payment. Exchange rates at localbitcoins.com and paxful are terrible so I won't use them.
P.S. I'm not stealing money from somebody else's account. I just need to be able to send my PayPal funds into another jurisdiction where I can transfer them even to a bank account if necessary.
Edit: I'm also thinking PayPal E-wallet Bitcoin might be an alright option, but my head is about to explode from various exchange rates and fees that each system has.
submitted by sdiohdvs to Bitcoin [link] [comments]

How to buy Bitcoins on Virwox and the real cost of going through Virwox

It seems like a lot of people are buying bitcoins through Virwox only to found out that they paid a hefty premium and that they have loose change in their Virwox account that they cannot redeem.. There are a few simple steps to avoid/minimize that issue.
Step One: the fee to deposit cash onto your account I use Paypal and they charge you €0.35 + 3.4% in fees. In order not have any loose change since converting into SLL can only be done with Units of Cash (no decimal points) you need to work out the net deposit amount For example: if you want €100 then you need to deposit €103.89
Step Two: Buy SLL with Euros Next go to the EUSLL exchange and pick market order (it rarely is better to put a limit order since the fees for a limit order are greater than the extra you might earn from going in the order book with a higher limit, it’s possible but chances are since this a rather illiquid you’ll never be executed). Limit order fees: 3.90% Market Order fees: 50SLL + 2.9% At the current rate 1EUR = 269.7SLL, 100 euros will get you 26140 SLL (and you paid 832 SLL in fees or about 3 euros) If you put a limit order hoping to get a better rate, the best offer rate is 273.9, so going just in front of that at 273.8 will get you 26314 SLL or 174 more SLL but the fees are 1068 and the chances of being executed are very small. To give you some perspective you start getting less SLL with a limit order at a rate of 271.9… because you pay more fees (I always go with the market order).
Step Three: Buy BTC with SLL The exact same fees apply (2.9% +50 SLL) so again you want to go with the market order. At the current BTC/SLL rate of 59100 SLL for 1 BTC, with 26140 I can buy 0.4286BTC of which you paid 808 SLL or about 3 euros in commission.. At the very end to withdraw your BTC into your wallet you’ll pay an additional 0.005 btc leaving you with exactly 0.4236 BTC.
Conclusion: The current market rate for BTC/EUR is 210.48 on kraken, at that rate your 103.39 euros would have gotten you 0.4935 BTC or 0.0649 more than with virwox… all in all the total commission for that trade is about 15.41% or about 16 Euros. On average the total commission is between 13 – 20 % it all depends on how liquid the different currencies are… it’s as if you bought 1 BTC at an exchange rate of 242.37 EUBTC which is a pretty large spread but given the convenience for small amounts and the speed (for 2 timers the btc withdrawal is instant) and the anonymity this is one of the easiest ways to get btc fast and securely. Any comments are welcome or any other website or cheaper alternative are more than welcome. Note though that you do not need to give any kind of identification on virwox.. although your paypal/credit cards details will reveal who you are.
submitted by garchmodel to Bitcoin [link] [comments]

Trading DOGE: Your full guide to trading Dogecoin for profit!

NOTE: YES! This guide is long, but when you get started it's fast and easy.
Hi everyone,
my previous post about PTC's got so much hate. So I decided to make a full guide on how I made $120 last month. If the same interest and numbers remain you'll be making $100/month for two months, and $500/month for another month. On your third month, you'll be able to make over $750 if the market remains. These last couple of days I've just bought low sold high to people. The steps are really simple and anyone above 18 can do it, I'll show you all the steps in detail for maximum profits.
Disclaimer: I am not responsible for your money or actions. Any accusations to me (Rynsi) will not be accepted, use it on your own risk!
1. Introduction
2. Get started with Dogecoin
2.1 Install your wallet
3. Choose trading sources
3.1 USD/BTC
3.2 BTC/DOGE
4. Where to sell Dogecoin?
5. Advice
6. Summary: A step by step guide to make $100+/month
7. Proof of Screenshots for the naysayers
8. Links
1. Introduction
I started trading Dogecoin (I'll talk about this coin soon) 5th of February, and saw a great potential in making money with it. With this guide, you'll make 15%-30% of your money back with each trade because the current market is limited, therfor YOU can provite this service that many people request. I started with $72 and now have $220, which makes my ROI 205.5%. I will show you how it's made step by step before it blows up and become viral!
2. Get started with Dogecoin
You can use it to buy goods and services, or trade it for other currencies (both other cryptocurrencies or traditional currency like US dollars). By far the most popular use the Dogecoin however is for "tipping" fellow internet-goers who are creating or sharing great content. Think of it as a more meaningful "like" or upvote, with real value that can be used all across the internet.
2.1 Install your wallet
To start using Dogecoin, you'll need a wallet. A wallet is just like your online bank account, only your entire account is stored securely on your local computer or in the cloud. From your wallet you can send and receive Dogecoin, manage your address book and review a history of your transactions.
[Here are many good links that let you pick the right Dogecoin Wallet of your needs.

](http://dogecoin.com/get-started)

3. Choose trading sources
You know now how to get a Dogecoin wallet, but you will need to get an online wallet to save USD on, one exchange site to trade USD to BTC and one to trade BTC to DOGE. It might sound a lot to do in the startup phase, but it's really easy once you get going!
USD Storage: PayPal
USD/BTC Exchange: VirWox
3.1 USD/BTC Exchange
There are a lot of options when it comes to buying BTC, but for now VirWox is the only one that accepts PayPal and VISA purchases. You can choose many different kinds of sites that accept USD/BTC trades, that is another story to be told. VirWox has a limit of depositing $780 per month, but after 60 days you can deposit $2800 per month, so trading as much as possible will be the best thing to do if you want money.
To deposit dollars with (VERIFIED) PayPal to VirWox, you need to be a verified user on PayPal (check their site for more information). This is to prevent frautend actions such as chargebacks and instant payments. The deposit will be instantly made after you complete the order and you can start trade. To trade, you first have to buy SLL (VirWox own currency) with the USD ypu deåpsoted on your account [!!!WARNING!!!] USE LIMIT ORDER and NOT market order.
Now do the same, but with the SLL/BTC exchange. I repeat, do NOT use the market order. Use LIMIT ORDER to get as much BTC as possible.
You have now successfully completed a USD/BTC exchange!
3.2 BTC/DOGE Exchange
This step is almost similar to the previous Exchange, but this step is only with Crypto-currency (read Bitcoin and Dogecoin).
BTC/USD Exchange: Cryptsy
To exchange to BTC, you need to withdraw your BTC from VirWox to Cryptsy. This is made in the Cryptsy balance page, where you can generate a BTC deposit adress. Unfortunately, you have to wait 48 hours the first time for VirWox to accept your withdrawal request manually due to security reasons, all the other transactions in this guide will be almost instant.
Now when you have BTC on your Cryptsy account, you have to do the same as you did with USD/SLL and SLL/BTC, really easy! When you have traded to DOGE, your downloaded Desktop Wallet comes in handy. Deposit the DOGE from Cryptsy to your active Wallet and you're ready to go to the next step!
4. Where to sell Dogecoin?
This is a great surprise I have waited to tell you, you use REDDIT to sell Dogecoin! It's really easy to do. Go to /dogemarket/new and see what the current prices are. You can sell for the same price as others, undercut for faster sales or overcut for slower sales (but bigger profits!). You structure the post by [SERVICE] AMOUNT RATE PAYMENT TYPE (SPECIAL OFFER). Here is an example, my last post where I sold Dogecoin. If you follow my conversation in that post you will see how typical trades are being made.
When you have traded the Doge with another user you can make a post on the /dogemarket verification thread where you achieve levels that will be shown for other users through your flare. Notice the orage flares on the /dogemarket subreddit, those indicate level of trades, age and amount you have traded. These are good for noticing legit and fake users, but always beware of scammers!
5. Advice
A. Only accept GIFT (friends and family option) from (VERIFIED) PayPal, DO NOT accept eChecks or transactions that has to be accepted first. eChecks and Instant payments can be chargebacked and gifts will prevent this from being possible.
B. If you have reached VirWox deposit limit, wait a while to see how the BTC/DOGE and USD/DOGE market is going. You might make some extra Dollars if you wait a while.
C. Always be nice and kind to eachother, we are really friendly, patient and polite!
D. Try to be fast and reliable in your transactions on /dogemarket, good service equals good reviews.
E. PEOPLE WILL TRY TO SCAM YOU! Always check for names including "shibe" or "doge", impersonators and new (0 day old) accounts.
F. Have fun! If you have fun trading and communicating with other people on Reddit, you will enjoy yourself and have a better time making money.
6. Summary: A step by step guide to make $100+/month
(and $500+/month when VirWox account is 60 days old, and $750+/month when your VirWox account is 90 days old, if market remains of course)
Download your dogecoin wallet.
Sign up to PayPal, VirWox and Cryptsy.
Add money to your (VERIFIED) PayPal account.
Deposit the money to VirWox.
Exchange money to SLL.
Exchange SLL to BTC.
Withdraw BTC to Cryptsy.
Exchange BTC to DOGE.
Withdraw DOGE to Desktop Wallet.
Make a post on /dogemarket.
Recieve PayPal money from buyer.
Send Dogecoin to buyer.
7. Proof of Screenshots for the naysayers
PayPal Proof
VirWox Proof
Cryptsy Proof
Desktop Wallet Proof
As if you haven't seen the whole iceberg, here is my reddit verification post
8. Links
Dogecoin Promotional video(a must watch)
Dogecoin Subreddit
Dogecoin Official website
Bitcoin Subreddit

Bitcoin Official website

This is my first guide: making over $100/month with a $72 investment. When your VirWox account is 60 days you'll make $500/month and when your VirWox account is 90 days you'll make $750/month (if market remains as it is).
I think it's a big effort by me trying to teach you how to make money, so I would really appreciate admiration in the comments. If you find any errors in my guide, please don't hesitate to tell. I will be answering any questions regarding my guide as good as possible doesn't matter if you comment or PM.
Thanks.
TL;DR (18+) Go to point 6 and use the search function if you want to make money
Edit: Formatting
submitted by Rynsi to dogecoin [link] [comments]

Bitcoins in Australia

Wrote this with Australians in mind, but I suppose some of it applies widely enough. Been looking into buying Bitcoins in Australia. Harder than it should be, and have no idea why. Only seems to be two viable options for us.
CoinJar seems to be a pretty nice site for Australia, but requires an NAB account or to go into the branch. It only takes a 2% commission but also has an inflated price by about 3% to buy coins. So 5% ish all said and done. This seems to be the best rate for Australians. I haven't tried it yet, but it looks legit.
VirWox is nice and easy to do and can be done all online. Can buy SLL with PayPal and trade these to BTC. Took me 2 minutes to make an account and do trade. But they take a 3.5% commission straight off the bat for deposits. (PayPal also traded AUD to USD 3% under market rate) Deposited $50 USD via PayPal (57.40AUD), bought SLL, traded for BTC. Ended with 0.061BTC = $46.78AUD - all said and done about 20% commission. VirWox also limits deposits to about $120AUD/day http://postimg.org/image/x3v3bpm8p/
There are some other exchanges that you can do an international wire transfer for, which is both time consuming and costly.
Localbitcoins is available as well, but with prices starting at 8% above market price. (Except for 1 I saw below market rate, but I suspect they'd change their rates once you requested to buy.) These usually require a bank cash deposit anyway for first timers, so coinjar would be preferrable. MtGox price is a bad indicator at the moment, I used BitStamp - Current price, USD, $694.06
Hope this is helpful, if anyone has any other sites they'd recommend in Australia, let me know.
tl;dr Coinjar is good for australians to buy bitcoins, Virwox is easier but expensive.
submitted by eldore44 to BitcoinBeginners [link] [comments]

For the first half of 2020, the Bitcoin exchange rate grew by 27%, overtaking gold and platinum VirWOX Calculator How To Buy Bitcoin With PayPal Without Verification Or ID Using VirWox How To Buy Bitcoin With PayPal Using VirWox 2018 Buy Bitcoin easly in 1 min with paypal

Since venturing into bitcoin in 2011, VirWox has become a popular method for buying bitcoin through PayPal. Technically, the platform only supports the exchange of bitcoin for Linden Dollars, which is the virtual currency used in the online virtual world >Second Life. You can get around this by first purchasing Linden Dollars and then using VirWoX operated for more than 12 years, first as a place to buy and sell Linden Dollars for Second Life, and since April 2011 our users also traded Bitcoin. That made VirWoX the world's oldest Bitcoin exchange after MtGox closed in 2014. We wish to thank our more than a million customers for their loyalty in all these years. VirWox is a time-tested virtual currency exchange with a key point of difference: you can buy bitcoin through PayPal. Founded in 2007, the Virtual World Currency (VirWox) is one of the world’s oldest online currency exchanges. It takes the Bitcoin network about 1-2 hours to process the payment. You will receive an email when the bitcoins arrive in your VirWoX account. Selling Bitcoins with VirWox. Follow the steps below: Go to Exchange → BTC/SLL on the left side menu; Navigate to the Exchange BTC to SLL section Exchange BTC to SLL (Click the image to enlarge) Felix Kster November 10, 2017 1597 no comments VirWox (stands for Virtual World exchange) attracts a lot of attention currently because it is one of the main ways peoplebuy Bitcoin with PayPal. Many people claim that VirWox is legit while others say its a scam. I have been buying and selling through them for almost 4

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For the first half of 2020, the Bitcoin exchange rate grew by 27%, overtaking gold and platinum

The technical analysis in this video/live stream has NO proven rate of accuracy and past performance does NOT indicate future results. Do NOT trade or invest based upon the analysis presented in ... As far as I know this is the cheapest direct and commercial way to exchange USD for Bitcoin. This works for US citizens, ID required. BUY BTC, BCH, LTC, ETH, or XRP UPAYcard This video shows you an option to buy purchasing bitcoin without verifications, using driver's license, or identification to purchase bitcoin with Virwox. VirWox also gives PayPal users and option ... Buy Bitcoins With Debit & Credit Cards Instantly Without Verifications ! ... How To Buy Bitcoin With PayPal Without Verification Or ID Using VirWox - Duration: 11:41. DeWayne Sconiers 43,873 views. VirWOX calculator is a small application built based on C# language. In virWOX.com no one can calculate BTC/USD rate directy, this application can calculate BTC/USD rate directly, when you enter ...

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