Category Archives: Crypto Products
Author: George Basiladze
George is a finance guy with an in-depth knowledge of financial systems. Together with Dmitry they designed the concept of Cryptopay in May 2013 and started developing the system.
Using Bitcoin as a cash backup when travelling
Bitcoin is an incredibly flexible digital asset which isn’t restricted by location; except for a few areas which have outright bans or limits on using the cryptocurrency, Bitcoin is accessible pretty much anywhere you can access the internet. For this reason it can function as a very safe and secure backup to fiat cash when travelling. Tourists can often be hit with large fees for transactions outside their local banking zone at the best of times; this can be alleviated through the use of Bitcoin. Even the most careful of us will occasionally lose a card or wallet whilst abroad, such an event can be a disaster and ruin your travels. Using Bitcoin as a cash reserve has the potential to alleviate the headaches associated with having backup funds available whilst travelling. Admittedly, the infrastructure to make Bitcoin an entirely reliable cash backup on its own is yet to be established in some areas but the potential is definitely there. More traditional means of backup such as travellers cheque have associated costs, as such Bitcoin can be a great option for travel, both for tourists and business travellers. There are a number of ways to access your bitcoins, regardless of where you are in the world.
The number of Bitcoin ATMs internationally is growing continuously, thanks to the ongoing hard work of a handful of companies which manufacture and manage the systems. They can provide users with incredibly easy access to exchange services, allowing them to redeem their bitcoins in exchange for the local currency. There are a number of sites which provide comprehensive maps of all known active ATMs.
There is a rapidly growing list of Bitcoin friendly retailers who will accept payment for goods and services in the cryptocurrency. Be sure to do some research to find out where you can spend bitcoins where you’re visiting!
Trade bitcoin for fiat with Local Bitcoin or similar services
Local Bitcoin connects buyers and sellers of bitcoin. This website – amongst others – provides a fantastic interface for peer-to-peer trading of Bitcoin; this can provide a very straightforward way to get your hands on emergency cash using your Bitcoin.
Bitcoin Debit Cards
Bitcoin debit card solutions are becoming very powerful; they could provide a perfect way to access emergency cash abroad, provided you can find an ATM which will accept the card. Luckily most card providers work with many of the big payment providing services (VISA, Mastercard etc).
Make sure you plan ahead; buy some bitcoins plenty of time before your holiday and make sure they’re in a wallet you can access easily. If you need to access emergency funds whilst you’re abroad at any time, simply find an internet cafe or wifi hotspot and exchange Bitcoin for local currency! As extra services become more available such as Bitcoin debit cards, using Bitcoin as a backup will become even more straightforward. Currently available crypto-debit cards come as either prepaid cards or cards which automatically load themselves with fiat money, by directly exchanging bitcoins from your wallet.
Author: George is experienced professional with PE/VC and corporate finance background. Currently, has founded Bitcoin Wallet startup Cryptopay.me.
Successful Businesses Using Bitcoin
The last year has been an interesting time in the world of Bitcoin; less mainstream news appearances but a quiet perseverance within the existing community have led to significant background developments. There has also been noticeable interest from existing financial powers in blockchain technology, with some claiming that the technology could be used by central banks. More and more businesses of all shapes and sizes are now using Bitcoin in some form, so who are the success stories?
A major step towards more widespread Bitcoin usage will continue to be the services provided by companies which handle Bitcoin transactions for businesses and ensure currency can be exchanged near instantly. These Bitcoin intermediaries deal with all the cryptocurrency related confusion for businesses, allowing them the access to the Bitcoin network when a customer requests it but without needing keep a store of the volatile currency themselves. The risk is offset to the intermediary who provides the service, which is not necessarily the best for the overall network but will make accepting Bitcoin a significantly more realistic prospect for a great deal more businesses which is good news. Lots of businesses already accept Bitcoin, so what can you get with your bitcoins?
Feeling hungry?! UK bitcoin users can order food from local takeaway restaurants around the country and pay using Bitcoin.
An interesting cryptocurrency enterprise is shape shift which allows users to easily exchange digital currencies such as Bitcoin and a huge amount of altcoins. It is a relatively simple service, but fills an important gap in the cryptocurrency market.
Secondhand technology store CEX is one of the largest high street chains in the UK to accept payments in bitcoins. Whilst CEX are unlikely to hold onto the Bitcoins they receive for any extended period, it is businesses such as this accepting Bitcoin that is likely to help aid more significant uptake.
As one of leading developers and manufacturers of Bitcoin mining hardware, Bitmain are a hugely successful business entirely reliant on Bitcoin. Their complex ASIC-based hardware is incredibly high tech and its only function is to work on the algorithm for Bitcoin mining. With most hardware units costing in the region of 4 BTC or $1000, this is clearly a serious crypto-business.
The fact that Dell now accept Bitcoin payment is a great example of the level of acceptance and respect the currency is gaining across the world. You can now purchase a Dell PC online using Bitcoin. If more businesses accept Bitcoin, even without doing regular transactions in the currency, it can only be positive for the wider Bitcoin network.
Interested in magic tricks? Discount magic will let you buy top quality magic tricks, props and gimmicks at affordable prices and you can use Bitcoin for payment
After the initial excitement that Bitcoin generated when prices skyrocketed, many were skeptical of lower prices and the ongoing degree of volatility which have become the norm. This appears to have led to less direct investment in the currency and a great deal more interest in the related enterprises as well as significant interest in the blockchain technology which handles the Bitcoin network. It is still an exceptionally exciting time to be involved with Bitcoin and this looks set to continue into the future, provided regulators don’t cause too many issues. Bitcoin crowd funding and venture capital are one of the most notable more recent developments, providing a platform for the funding of future Bitcoin enterprise. Bitcoin capital has the potentially to revolutionize the funding of modern forward-thinking enterprise globally.
Due to the nature of Bitcoin, it is exceptionally to even estimate the total number of individual users on the network. Over 25 million unique addresses have been used, but this almost impossible to pin point to users. Only 2.5 million addresses are estimated to contain any Bitcoin at all, but there is no lack of willing and more importantly potential users. It is the visibility of Bitcoin that will help the currency moving forward; more businesses both online and offline need to get involved with Bitcoin and allow their customers to use this exciting alternative to bank controlled finance.
If you are new to the world of online gambling then it is quite natural that you are not aware of cryptocurrency. The concept of cryptocurrency is not at all difficult; to put it in simple words, it can be described as digital currency. The help of this currency type is guaranteed to be really amazing as it changed the way we handle money, and at the same time use it for purchase on the web with conversion options to get you real cash (and vice versa).
So, if you are familiar with the names of BitCoin, Litecoin, DarkGold, GrimpCoin or DogeCoin then now you know that they are decentralized and used for online transactions which take place between two or more individuals. At website, Crypto-Games, you will get the chance to play with the help of these mentioned cryptocurrency.
But this is not the only reason, which makes the site this popular and a favourite of many of their players. There also many other advantages which one can get from this site and these all together helped it to reach where they are now.
Reason to choose to play games with Crypto-Games
They have for you exciting games before we discuss what types of games they have in stored for you, first let’s talk about why you should choose to play with them.
- No need for downloading – Aren’t you tired of the space of your laptop or PC’s memory which your downloaded games take up. Well the time has come to say bye to all the problems related to downloadable games as at Crypto-Games there is no need to download any games which they have for you. All you have to do is visit website and have fun while you play online. This welcomed gaming experience is very much beneficial for all gamers without a doubt.
- No need for registering – Another reason why they have gained such popularity will have to be the fact that there is no need to register with them if you want to play on the website. But this won’t mean that you will not have any sort of ID which proves that you are a part of the website. They make sure that each player gets an ID which will be unique. So, enjoy the benefits of having a private account but without having to register.
- No need to worry about withdrawing – Not feeling comfortable? Withdraw any time you like without having to worry about money as they do not charge any fees for withdrawing. They want you to have the best gaming experience and thus they have made every advantage available for all their players.
The Referral Program
Do you know about their referral program? If you are looking for a great referral program then they have the best one for you. With them you are bound to get the advantage of our referral program which is 25%.
Yes! Receive 25% of the house edge of each bet by everyone your will refer the website too. This is a great way to earn as with them it does not matter if your referred players win or lose as you will still earn no matter what the outcome of their bet will be.
Types of Games found here
In Crypto-Games there are two games available for you. And for both of these games, there is the option of fast deposits which is again done just to make sure that the players have a great gaming experience with them. The two games which one will see and get to play in their browser are Dice game and Slot Machine.
- Dice Game – The first game which they will present to you will be their Dice games. You can play this game with popular cryptocurrencies like LiteCoin, GripCoin, DogeCoin, BitCoin, DarkGold and many others like this. The game is provable fair and so you have nothing to worry about and with the option of Autobeting, a player is bound to have more fun. Here it is important to mention that the house edge is only 1%.
- Slot Machine Game – The second game which they have for you is the slot machine game. Again like the dice game, you can play this game with any one of the popular crypocurrencies. They do have a fixed minimum bet amount as well as a maximum bet amount. In case of minimum you only have to bet 50 Credits (0.00005 BitCoin, 0.005 Litecoin, 50 DogeCoin) and the maximum bet amount on the other hand is 5000 Credits (0,005 BitCoin, 0.5 LiteCoin, 5000 DogeCoin). Again, it is important to mention that for this game the house edge is 2% only.
Security Features of website
They are here to make sure that their players and enjoying themselves and for that they are making sure that everything they do are done correctly and thus they made sure that they have one of the best security measures taken to ensure that each of their players feels safe while playing with them.
So, they have taken some steps and the first thing which is to talk about will be the fact that all data is sent over Secure Socket Layer encrypted tunnels. If you do not know what Secure Socket Layer or SSL means, it is basically a standard security technology. The SSL is used for establishing a link, an encrypted link to be exact which is between a browser and a web server. And this very link ensures that all passed data remains private.
But this is not all, as besides this they have also taken another security measures which is also very important. Besides hot, online wallets they use offline wallets which store excess funds. They went the extra miles just to ensure that all their players are happy and they enjoy to the fullest with the website, Crypto-Games.
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Thanks and Regards,
It has been a wonderful time with you during our first few months, we honestly couldn’t be happier. Now with Thanksgiving barely past, exams in the near future, and Christmas looming large, we’d like to power on through 2014 with our final coupon campaign for this year:
Use coupon code AWESOMECUSTOMERS to get 10% off on any purchase, and all orders paid with bitcoins now get another 20% off, resulting in discounts of up to 30% until 25th December!
If you’re interesting in going the Bitcoin-way but don’t know where to start, be not afraid: we’ve put together a nice little guide about how to buy bitcoins almost anywhere in the world where we talk about some of the most popular marketplaces.
We wish you success, productivity, and luck during the last weeks of 2014, and we hope you have the greatest of times while you watch your cats play in the snow ;D
In the name of the freest of all markets,