Bitcoin Mixer

 

Bitcoin mixers have become a part of the crypto sphere and many different types of bitcoin mixers are used to anonymize the source of different cryptocurrencies in the wallet. I

Initially, bitcoins were created to be anonymous but with the implementation of the KYC rules by the governments, the storage and transmission of your coins can be traced. Many blockchain analysis companies perform this task of tracing the owner of the coins with the development of different modern technological tools.

In order to make them untraceable and to maintain their anonymous nature, bitcoin mixers are used in the crypto market.

What is the purpose of using Bitcoin Mixers?

All the transactions on the blockchain are recorded and visible to the analysts. Analysts companies like Chainalysis can simply trace ,these transactions back to you if you have linked your wallet to your KYC at some point of time.

With the help of Bitcoin mixer, you can mix your coins effectively and eliminate the possibility of the transactions being traced back to you or your IP address. The main motive of using a Bitcoin mixer is to protect the privacy of the user.

 

How does Bitcoin Mixer work?

In the process of Bitcoin mixing, an equal number of bitcoin owned by you are sent back to you in order to make them untraceable.

These coins which come back to you come from other sources instead of your original coins. So if anyone is closely tracking your coins, they won’t be able to trace the destination of your original coins and neither would they be able to trace any of the new coins back to you.

 

Beware of Scams

Not every bitcoin mixer available is reliable and you should be well aware of the frauds and scams. One of the oldest and most trusted bitcoin mixers are bitcoinmix.org. You should be cautious about using the right bitcoin mixers otherwise, you will end up losing all your hard-earned bitcoins.

 

Is Bitcoin Mixing worth the trouble?

The blockchain is like an open ledger and everyone can see who has bitcoins and who does not. You are subjected to thefts and hacks if scammers have your personal information and know that you own quite an amount of bitcoins. Thus, you can use the mixer to cover the trail of your bitcoins. Keeping your privacy is very essential to keep your coins and your identity safe and secure.

All about Margin Trading in Cryptocurrencies

Cryptocurrency trading is a gamble, if done in the right manner with educated decisions, it can be very rewarding but it can also be very risky. One should always be cautious and prudent before putting their hard-earned money in cryptocurrencies.

So, one should be aware of Margin trading in order to make it both rewarding and less risky for you. Here is all about Margin trading, you need to know.

What Does Margin Trading Means?

Margin trading refers to the process of borrowing additional money/cryptocurrency by leveraging the number of cryptocurrencies already owned by the trader to buy additional cryptocurrencies.

Margin trading is a traditional method of trading which is now being used in crypto trading also. Let us understand the concept of Margin trading in crypto trading with an example.

Now, you have to make an investment of $4000 in BTC but you have only $1000 with you. So, now you need an extra $3000 BTC, which you can borrow through a margin of 4:1. Thus, for every $1 you get 3 dollars extra as margin).

After you have invested this money/BTC, you can reap your profit and give back the borrowed amount and enjoy profits of the remaining amount.

But this can be reversed also, for expel you have borrowed money as margin trading and the price of your BTC decrease by 50% then the right of the lender will be protected first and you will have to pay the lender $3000 and now you are left in a negative figure of -$2000.

So, margin lending if done wisely can be highly rewarding and if the gamble does wrong, it can leave you in a huge amount of debt.

Who gives away the money for Margin Trading?

The main question comes that who is giving away this extra money for lending and why? Many different brokers and individuals act as lenders of margin money and provide their own BTS or money for margin trading of cryptocurrencies. The main motive of lending is charging a nominal interest or fee on the money they lend.

When the traders are in loss or his portfolio performs poorly, then the position is closed to save the interest of the lenders and recovery of their principal and interest. It is done automatically by the brokers.

But on the reverse, if the trader is in profit, then the lenders get profits regularly on their money according to the terms and conditions of the trade.

 

Getting Involved in ICO Bounty Campaigns

 

There is a natural scope to earn through investment in ICOs. This is mostly the case when the market is doing well. This may not be everyone’s ideal method though. Some people love the blockchain and cryptocurrency movement but just are not cut out to be traders but still want to find ways to earn and learn through crypto. – One method of doing just that is by getting involved in project bounties.

Getting Started

Sometimes, like anything, getting started may seem tough. Actually, it couldn’t be easier. You can find lists of ICO bounty campaigns on forums or sites such as ICODrops. From here, you can find something you like the look of and head on over to their website to make contact or use the method of application required.

What Can You Provide

When you identify which projects you would like to be a part of, you then need to consider what skills you can bring to the table. What ICOs are most in need of is marketing. This means there will likely be bounties on many micro-tasks such as user registration and sharing of social media content. This is all very easy stuff, right the way up to Whitepaper translation into a variety of languages. Whichever things you commit to doing, just be sure that you have the ability to actually do them. This will enhance your reputation among the community as being a reliable person.

Getting Paid

Bounty campaigns are rewarded through provision of the platforms tokens. In order to receive these rewards, you will require a wallet which is compliant to receiving those tokens. Services such as MyEtherWallet are usually a good option in these cases.

Conclusion

ICO bounty programs are easy to get involved in once you get started and they can lead to a decent secondary income. They will also further your knowledge greatly in the crypto world and provide you with diverse interests through your token earning endeavors.