MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange, the new owners, London-based SurfTheWeb Ltd, have started to take steps towards expanding operations to a global userbase, as outlined in their Whitepaper and Roadmap.
As part of their plans for expansion, they have developed a new Exchange Utility Token (an E.U.T.) called SurfExUtilityToken (SURF) and have employed the services of LATOKEN to host their initial exchange offering for SURF token. The IEO officially opens on 23rd March 2020.
LATOKEN is one of the world´s largest cryptocurrency exchanges and arguably one of the most successful launchpads for company IEOs and token sales.
As above, the Surf Token IEO officially opens to the public on Monday 23rd March. As a special offer, SurfTheWeb Ltd has arranged with LATOKEN to give a massive 50% discount to LATOKEN users who purchase SURF in the first week of the IEO. The IEO is due to end on 24th April 2020 (or before if all SURF tokens are purchased before the closing date).
As stated on the LATOKEN landing page for the SURF IEO, all funds raised from the upcoming sale will be used directly for expanding operations of the exchange, including hiring and training new support staff globally, obtaining global licenses, improving and expanding the exchange infrastructure, providing market liquidity support services and more.
According to the SurfExUtilityToken Whitepaper, SURF will be integrated into all levels of the exchange, allowing exchange users to pay trade-fees with SURF as well as earn SURF through referral commissions, giveaways, and competitions hosted by the exchange owners in the future.
SurfTheWeb Ltd has also stated that they will be accepting SURF as a form of payment for services on the exchange, such as listing new coins and hosting IEOs for other companies and crypto developers.
Exchange Utility Tokens are not a new idea. In fact, we have seen several exchanges create their own unique exchange tokens in the last few years. Some of these exchange utility tokens have been extremely successful in terms of monetary gains, with some increase in price as much as 40,000% between launching and all-time highs (ATH).
However, for the exchanges themselves, these tokens represent much more than monetary gains, these tokens can help to foster loyalty with the users of the exchange directly, who will opt to stay and trade on an exchange when the token offers them an edge over another exchange where they perhaps not have the ability to get discounted trade fees.
Mercuriex Exchange users who opt to pay their trade-fees with SURF can receive very generous discounts on their trade-fees, on market-orders this will be 50% discounts on trade-fees, but users will also have the ability to gain 0% (Zero percent) trade-fees for limit orders (limit orders are orders placed onto the order books, as buy orders of sell orders), if the user maintains a specified amount of SURF tokens in their Exchange Account.
As outlined in the SURF Whitepaper, the allocation of SURF token is as follows, further details can be found below;
Max Supply; 250,000,000 (100%)
Exchange Reserve; 100,000,000 (40%)
Public Distribution; 75,000,000 (30%)
Exchange Staff Wages; 25,000,000 (10%)
IEO Sales; 50,000,000 (20%)
The Exchange Reserve is an emergency fund. SurfTheWeb Ltd has said there are no plans to access this reserve unless in an emergency situation. In December 2020 they will start to verifiably burn 10 million SURF tokens per month until all 100 million reserve tokens are destroyed, this will effectively reduce the total supply to just 150,000,000 SURF Tokens.
Public Distribution of 75 Million tokens will likely take 3-4 years to be fully distributed to exchange users. The distribution will take the form of sign-up bonuses, referral commissions to users who invite others to trade at the exchange, giveaways, and competitions.
Exchange Staff Wages 25 Million tokens. This fund has been allocated to pay the wages to exchange staff members until such time that the exchange is fungible, after which time this fund will be used as incentives and bonuses to staff members.
IEO Sale of 50 Million tokens. 5 Million Tokens are being sold in Pre-Sale and 45 Million tokens will be sold in the public IEO hosted by LATOKEN starting Monday 23rd March 2020.
As stated on the LATOKEN IEO landing page, the Mercuriex exchange is built from the ground up, meaning there is massive scope and versatility for expansion and growth, this is not a turn-key or white label exchange. The exchange supports high-volume / high-frequency trading and employs a clutter-free simplified user interface.
You can also stay up to date with the latest news by joining the official exchange Telegram channel and checking the Surfex website where there is a News & Updates section, and of course, sign up to the Mercuriex Exchange where you can currently access 0% (Zero percent) trading until the end of March 2020.
Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin have it?
Similar to its anonymity problem– bitcoin is also starting to show that it has a fungibility problem. Which can create a number of issues for users. Fungibility is essentially the ability of something to be traded like for like, as opposed to like for similar. So, if I were to loan you a dollar, then you were to pay me back with another dollar, it wouldn’t be a problem that the original dollar I lent you isn’t the one I’m getting back.
Whereas if I loaned you an apple, and you paid me back with a different apple, the size, quality of fruit, or variety is not ever going to be the exact same as the original apple. Therefore- apples aren’t fungible, but fiat currencies are. In an apple to fiat scenario- bitcoin is an orange.
Why Fungibility is Important in Bitcoin
While bitcoin does have fungibility of value- as in one bitcoin is worth the same as any other bitcoin at the given market price, what they lack is the fungibility of usefulness.
What we mean by this is had any given bitcoin you own, purchase, or traded be flagged as a hacked coin, or is traceable to nefarious actions it may have been used for in the past – you and your account are now linked to that particular bitcoin’s past. This means that not all bitcoins are created equal, and unless you’re using a bitcoin mixer (for tips on this, check out all information about it on Best Bitcoin Tumbler) – your bitcoins are not fungible.
Perhaps the most basic way that bitcoin could solidify fungibility would be to make a protocol change – making it so bitcoins that were used in illegal activity wouldn’t themselves be labeled as illegal. However, that protocol change would be almost impossible to enforce, while at the same time protecting crypto security. So the next best thing is bitcoin mixing to ensure both fungibility and anonymity.
Can Fungibility Be Obtained?
Fungibility plays an important role in the pseudo-anonymity of bitcoin. Because bitcoin is neither inherently anonymous or fungible- users need to find a way to make it so. The reason that both fungibility and anonymity are important to most bitcoin users rarely has anything to do with nefarious activities, but instead becomes a question of safety and asset security.
For any number of reasons, blockchain analyst companies are putting a lot of work, and even more money, towards being able to track the habits and identities of bitcoin users. Bitcoin users are susceptible to big data hacks, scams, and personal violations when anonymity and fungibility are lost. The reality of the world we live in is that big data is a very lucrative asset.
For many users, bitcoin is a go-to asset because it was built to be anonymous, decentralized, and private. Meaning that anyone could invest without that investment becoming public knowledge. Without the use of bitcoin mixers, certain bitcoin users’ identities have been exposed and some of these users were exploited, scammed, and hacked out of their investments. Others have unwittingly bought or traded for illegal coins, which left those users vulnerable to analytics, or the coins were seized and never returned.
The only way to ensure that your investment is not only fungible but also anonymous is to use a bitcoin mixer. Effectively breaking any ties your coins may have to yourself, or to anyone else.
How to Use a Bitcoin Mixer
Bitcoin mixers work by severing the cookie crumb trail of ownership that is available on the blockchain. The way the blockchain works, anytime a transaction with bitcoin is made, the wallet ID is placed into the public ledger along with the ID associated with any coins that were transacted. Using analytics, it’s fairly straightforward to track recurring wallet addresses in conjunction with coins.
When you put coins into a bitcoin mixer, they are then pooled with hundreds of other bitcoins. These coins are then all mixed up – on a fractional level- and distributed back to the original depositors. What this means is that a tiny bit of each coin is taken and mixed about, so there are millions of possible combinations that can be achieved. Obfuscating the origin of each coin.
Anyone using a bitcoin mixer understands that for them to optimally work, they must create a new “clean” wallet for the coins to be deposited into. Once the coins have been redistributed and placed into a clean wallet, it becomes much more difficult for any analytics program to be able to trace those coins back to the user, or who they may have belonged to in the past.
We can safely say that the hype about cryptocurrencies is pretty much over. The claims of Bitcoin revolutionizing the way we pay for things have turned out to be false – in its 12 years of existence, crypto still hasn’t banished fiat money from the financial world.
Volatility as a torment
The reason for this failure is the terrible volatility of cryptocurrencies, especially that of Bitcoin. Just one famous example will suffice to prove our point: in December 2017, Bitcoin’s price skyrocketed from $9,000 all the way to $20,000 and caused a massive uproar on the market. And at the end of the month, it came down to $12,000.
What this means is that whenever you want to get Bitcoins for storing value and then using them in various payments, it’s not going to be the most rational financial decision in the world. At one point, you have a certain value stored on the blockchain, yet in just a couple of minutes, that value can evaporate in thin air.
Volatility as a bliss
Now, this doesn’t necessarily imply the total uselessness of cryptocurrencies. The same volatility that renders cryptos unusable in everyday finances makes them an ideal trading asset. Traders from all over the world buy BTC, ETH, and other altcoins and in just a matter of minutes, they receive serious profits.
And that’s probably it; the only real use-case for cryptocurrencies – at least the one that has proved successful – is in trading. But the system they’re based on, the blockchain has so much potential even in regular finances.
Stablecoins as salvation for blockchain
You see, blockchain as a platform really is a revolutionary invention of the recent decade. The ability to engage in financial or other kinds of relations with other users and remain completely anonymous, as well as have those exchanges protected with strong encryption, is something that not many ledgers can promise. And while cryptocurrencies cannot thrive in the real-world finances, their younger “brethren” can.
Combining the benefits of crypto and cash
The idea of stablecoins is a relatively new concept. It was in 2014 that blockchain developers came up with the idea to create a currency that used all the incredible features of cryptocurrencies while still retaining the benefits of fiat money.
On the one hand, stablecoins are getting one of the most highly-encrypted digital ledgers in the industry. With the help of cryptography, every detail about the transaction is encrypted and is only accessible for the two sides participating in the process. Not only that, but the users are also anonymous and aren’t visible for the third-parties.
These features are actually crucial in many industries. In gambling, for example, the anonymity and the protection of funds is a must-have feature for any credible casino operator. That’s because they are often targets of cyber-attacks. And even if there’s not a hacker conspiracy brewed behind the curtains, the governments are still monitoring their citizens’ transactions and often put them in bad financial situations for engaging in gambling.
When casino users play new casino slots for real money, some governments and commercial banks tend to reduce their credit points and put them in a blacklist. That’s because they think those users will make bad financial decisions and undermine their bank accounts. Yet with blockchain-based payments, there’s no monitoring body to do that.
On the other hand, stablecoins still retain some of the benefits of fiat money. For instance, the above-mentioned volatility is greatly reduced when a stablecoin is tethered to a real currency (or a basket of currencies). This way, the central bank still has the power to stabilize the price on stablecoin and make it more usable for regular expenses.
Some of the popular stablecoin executions
There are quite a few stablecoins that have established themselves on the market. The first and most popular stablecoin is USD Tether. As the name suggests, this stablecoin is mainly tethered to the US dollar. However, the Tether basket also contains euro and Japanese yen. However, USDT also had its fair share of controversies (hacked accounts, hidden funds, etc.) over the previous years.
The next important stablecoins which is still in the works is called Libra. Libra was first announced in June 2019 by the Facebook CEO, Mark Zuckerberg. The stablecoin is mainly held by Facebook, yet it’s still not the only owner; the Libra Association, its main governing body, includes more than 20 large companies and they make all the decisions about the stablecoin.
However, like USDT, Libra has also been in the focus of regulators. But to be fair, it wasn’t so much about the stablecoin itself as it was about Facebook and its abuse of customer privacy.
Stablecoins have better chances than cryptos
All in all, one thing is quite apparent: in the battle for survival, stablecoins may have better chances of becoming a regular means of payment than cryptocurrencies. With its dualistic nature, stablecoins such as USDT allow users to use the advantages of both blockchain and regular money.
Most of us have a small gambler deep inside our souls. We love to feel the thrill of winning, especially when there’s some money involved.
The problem is that it’s very hard to find a reliable platform that won’t disappear suddenly with your money. Here we present 1xBit – the reliable cryptocurrency gaming and gambling platform for everyone, which is also currently offering a bonus package for all newcomers.
In this guide, we’ll talk about how to get this bonus and how to double your crypto money by playing games. But first of all, let’s see what does this platform offer.
The variety of options
1xBit.com was established a long time ago – in 2016. Since then it added many options for all types of players and gamblers around the world. They have sports events, a very wide selection of wagering options, as well as casino games and casual games.
Cryptocurrency is the main and only currency accepted on the platform for betting and playing games. To provide more options and allow more players to enter games, 1xBit supports more than 20 cryptocurrencies, so it won’t be a problem opening an account and start to play without going to some exchange.
Currently, it supports Bitcoin, Ethereum, Litecoin, Ripple, Dash, and such stable coins as USD Coin, TrueUSD, Paxos Standard Token, and Tether. All currencies have their own separate balances. Moreover, there’s no fee for depositing and withdrawing money on 1xBit, and you can use for it more than 60 popular exchanges, including Huobi, Coinmama, and Crex24.
As a betting platform, 1xBit is one of the most advanced on the market, as it provides betting tools for all kinds of users.
Support for all up to date types of sports bets (pre-match and live) for casual and advanced players, betting constructor and betting exchange.
More than 50+ kinds of sport including exotic, like Gaelic football, Darts, Greyhound racing, eSports, virtual sports, etc.
Video-streams or informative graphic simulations for most of the live-events. – Mobile version of the website and mobile apps for Android/iOS.
A platform for slot-games from more than 100+ providers/4000+ slots allowing to play up to 4 games at the same time.
Live dealers casino with all types of games – roulette, blackjack, baccarat and many others.
Their own interface for financial bets.
Their own casino table.
Self-developed casual games – more than 90.
In addition, as we have already mentioned, they provide a bonus for all newcomers who make a deposit. In case you’re wondering how it should be done to receive the bonus, here’s the detailed step-by-step guide.
Getting the welcome bonus
First of all, you have to register on the platform. You can use whatever device you want, a desktop or a mobile phone. Entering your email isn’t obligatory, but if you lose access to your account, restoring it with your email will be ten times easier.
After that, select the cryptocurrency you want to deposit to 1xBit. Also, the company supports a multicurrency account and every time you can choose a new cryptocurrency.
The deposit shouldn’t be lesser than 0.005 BTC worth receiving a bonus. There’s a bonus for each of the first four initial deposits you make.
Make bets or play games in the casino section, and obtain bonus points that can be converted into cryptocurrency or spent in the Promo Code Store. If you already made several deposits but still haven’t played, don’t worry, you’ll still get bonuses for each one.
The bonuses have the following rate:
1st deposit – you get 100% of your deposit in bonuses up to 1 BTC;
2nd deposit – you get 50% of your deposit in bonuses up to 1 BTC;
3rd deposit – you get 100% of your deposit in bonuses up to 2 BTC;
4th deposit – you get 50% of your deposit up to 3 BTC.
You can read more information here. As we told you, that’s a sure way to double your crypto money, because you can get up to 7 BTC as a welcome bonus for making a deposit and playing.
We also have another nice bonus for you, the promo code “ 1xb_13252 ” gives you 125% on your first deposit! So, what are you waiting for? Come and play! So, what are you waiting for? Come and play!
Also, find out the role of the private keys. By reading and learning more about crypto and the work of private keys, you gain knowledge about protecting yourself against risks linked with digital currency.
Another excellent way of gaining experience is through monitoring and trading digital currencies. When you trade, you get a clear picture of what you are dealing with and learn the tricks to make meaningful and secure investments.
Utilize Cloud for Backup
According to DSC, with cloud storage, you don’t need on-site equipment. This means that in the event of natural disaster or theft, your files will be secure even if you lose your devices. Depending on your needs, your service provider can design and install a cloud-based security system across one or multiple locations. That way, you can access your digital coins under one platform conveniently.
In addition, cloud storage for cryptocurrencies is decentralized, meaning that when you transact a litecoin or bitcoin, the entire network run by the blockchain knows. Decentralized cloud storage guarantees enhanced security and privacy of crypto. You don’t have to worry about cyberattacks because your files are divided and spread across different nodes or computers.
Don’t Overlook Two-Factor Authentication
If you are using cryptocurrency exchanges, it is vital to take the necessary measures to secure accounts and digital currencies. Because of their digital nature, cryptocurrencies, bitcoins, ethereum, and litecoin attract cybercriminals. Your best option is two-factor authentication.
After completing the process, you’ll be required to enter your username, password, and a one-time password sent via text message on your smartphone for verification. That way, hackers cannot gain easy access to your account unless they have your cell phone.
Since digital coins are non-entities that only exist on the Internet, there is no fraud protection or recovery system for stolen assets. It is up to you to secure your currencies. A general rule is to have backups in different formats and use strong passwords. Use cloud storage, exchanges like Coinbase and private keys or hard wallets such as Trezor and Ledger Nano S to store your crypto.
Bitcoin of America is a U.S. based digital currency exchange platform headquartered in Chicago, IL. Bitcoin of America offers a fast and easy way to get involved in the cryptocurrency community. Registering with Bitcoin of America takes less than one minute. Once your account is created customers can begin trading. They are one of the top Bitcoin ATM operators in the country. They off over 200 ATM locations around the United States. They even have Bitcoin tablet locations, which are part of their new program!
What Do They Offer Their Customers?
When you choose Bitcoin of America there are a variety of ways to buy and sell Bitcoin. This includes wire transfer, Bitcoin ATMs, Bitcoin tablets and store payment locations. All of their Bitcoin locations are conveniently located. This means that they are in places that you already shop. If you are filling up a tank of gas or running an errand, there is a chance that you will find one of their locations. Some of their locations are even open 24/7!
Their website features all of their Bitcoin locations. Their users can choose from a variety of guides. For example, they have many explanations on how to buy bitcoin. These have been created in order to help ease their customers’ experience. They also offer guides on the other end. For example, how to sell Bitcoin is another guide that you can read more on.
Why Does Bitcoin of America Stand Out from Competitors?
Bitcoin can be very confusing to those who don’t know much about it. At Bitcoin of America, they make sure to provide their customers with guides and explanations to create an easy experience. One of their top priorities is providing a fast and safe platform for its users. They also offer top-notch customer service to help their customers in need.
They recently launched a pilot program using small point-of-sale tablets to provide accessibility to cryptocurrency all over the globe. It is only available in the USA today, but hopefully, there will be future expansion. Their tablet program was created in order to offer an alternative, face-to-face, purchasing experience. These tablets may help close the wide gap of users who do not know how to interact with cryptocurrency.
While Bitcoin of America does have several Bitcoin of America ATM locations, they wanted to create a system where customers can go in and ask questions. They have realized that many customers who are visiting their Bitcoin ATM locations have no idea what they are doing. This has left many to leave without purchasing due to frustration or lack of knowledge.
Bitcoin of America is just one of the many companies out there trying to make a difference in the cryptocurrency community. It is important that cryptocurrency exchanges offer their customers’ customer service and extended knowledge on some of these complex topics!
If you are looking to buy hosting with bitcoin then you’ve come to the right place. In this article, we recommend the top 10 Best bitcoin hosting companies that allow you to buy hosting with bitcoin or with any other cryptocurrency. We also list (in a table) all the hosting companies that accept bitcoin (or crypto in general) for your own reference.
In this table, you will see our top recommendations to buy hosting with Bitcoin. These companies are the most reliable hosting companies who accept bitcoin or other cryptocurrencies as a payment method.
We recommend searching through all hosting plans of each hosting provider we propose, before deciding what’s most suitable for you. One thing’s for sure though.. All web hosting providers below, accept Bitcoin and Cryptocurrencies!
Bitcoin has become the most important buzzword in the digital universe in the last few years. The price of this virtual currency is now at around $6,352.93, (as of writing this post) which makes it (again) a ”desired” digital currency and an online payment method.
The network of cryptocurrency users is expanding, and so more services and shops are starting to accept cryptocurrencies. This means that you can pay for a wide variety of products or services like VPN Services, furniture, electronics, holiday, online-newspapers or even on essay writing services.
Of course, web hosting companies were among first to embrace digital currencies as a means of payment and a large number of them already offer the option to buy hosting with bitcoin or with any other cryptocurrency.
Free Domain With all Hosting Plans (except on Single and Premium Shared Hosting)
Free SSL Certificate with all plans (except Single Shared Hosting Plan)
Hosting Price is locked for all the lifetime of the client
Hostinger is the best option to buy hosting with Bitcoin. This hosting provider has a simple and intuitive user interface, while update settings run extremely quickly.
Besides that, Hostinger provides clients with highly responsive customer service, so you don’t have to wait more than a couple of minutes to talk to their agents. We suggest to Buy Hosting with Bitcoin from them.
Hostinger ensures free website migration, so you can easily switch to the new platform. Hostinger is so reliable that you can put all the focus into website development, while they take care of the server uptime and monitoring.
People are going crazy with Hostinger. Proof, their raving reviews all over the internet. Here are some that grabbed our attention.
You can pick one of several web hosting bitcoin products, from small websites to large scale projects. But if you are not sure about its potential, you can try Hostinger with a 30-day money-back guarantee. The platform is absurdly cheap as you can get bitcoin website hosting and domain namesstarting from $2.
Single shared hosting: It is basic but very cheap web hosting for one smaller project. For $2.15 a month, you get the package for one website and up to 10 GB of disk space. There is also a 100 GB bandwidth along with an easy website builder and powerful control panel.
Premium shared hosting: This is an almost unlimited web hosting plan for several medium and growing sites. It gives you an unlimited number of websites, as well as disk space and bandwidth. You also get a user-friendly access manager, two-time WordPress-optimized speed, and a free domain name with the annual plan. And the price is incredible: $3.49 per month.
Business shared hosting: Business shared hosting is Hostinger’s best solution for unlimited web hosting plans for multiple stable sites and businesses. It includes all features from single and premium packages, but it also adds more options such as daily backups or live support. The price of this plan starts at $7.95 a month.
Latest Server Technology from Dell. Guarantees 100% up-time (while others 99%)
NameCheap is one of the most popular Bitcoin-driven hosting platforms because all of its products, from single-page websites to dedicated servers, come with powerful tools and rock-solid security.
The company uses only the latest, fastest web servers available from Dell, HP and Super-micro. Each one of their servers has at least two processors, 16GB of RAM, and four hard drives with RAID protection.
Although NameCheap does not have the best ratings out there, we trust them and we also suggest to buy hosting with bitcoin from them.
Besides that, NameCheap owns the network infrastructure that delivers 99.9% uptime for every calendar month, excluding scheduled maintenance. They also use redundant bandwidth providers, routers, and switches to provide full redundancy at all levels within the network.
NameCheap utilizes the latest hardware and software firewalls to protect their infrastructure. At the same time, they constantly scan, probe, and test defense systems to ensure hosting security. And in case you experience any issues managing a website through this platform, you can contact their customer service any time you want.
Shared Hosting Stellar: Stellar shared hosting is available at €2.46 a month. It’s a convenient option if you want to build a personal website using a safe platform with the 100% uptime guarantee.
Shared Hosting Stellar Plus: In case you demand a more sophisticated hosting, you can choose the Stellar Plus version. This solution is great for more demanding websites with unmetered disk space and bandwidth. The price of this package is €4.17 per month.
Shared Hosting Stellar Business: As a large-scale business, you might consider buying a Stellar Business plan. This option is ideal for e-commerce with fewer users per server. The plan starts at €7.58 a month.
The goal of this company is to deliver quality offshore web hosting with full data security and privacy. This implies that the cost of the hosting covers protection of your civil rights as well as anonymity. For a new company in the web hosting industry, they offer high-quality services.
Abelohost provides a wide array of offshore shared hosting, dedicated server, and VPS packages. The factor that attracts users is the affordability of the range of services.
Likewise, utilizing their arrangements to scale with your organization doesn’t hurt, so if you are planning something long-term, AbeloHost might be your best bet. Their basic plan includes a decent 10GB of SSD-hosted webspace, a dedicated IP, and 50GB of bandwidth. It also features DDoS protection, a one-click installer, and every standard web hosting attributes like scripting language support, MySQL database, and FTP access. Every hosting package they offer includes a cPanel installation to allow easy adjustment of the hosting settings by users.
The company’s data centers are located in theNetherlands, which means they operate under Dutch law. So, users who reside in countries where there are free speech restrictions do not have to worry about data exposure, Abelohost will do their best to ensure full privacy.
The VPS and offshore shared hosting plans are not the cheapest, but they are affordable. Since the hosting plan offers some level of anonymity, we believe it is worth it. They offer a wide range of payment plans with include bitcoins; however, there is no money-back guarantee attached to the bitcoin option.
Offshore Shared: Price plan for this category ranges between $6 and $29. All the plans offer dedicated IP, SSL certificate, and one-click application installation.
Offshore VPS: The price for this service ranges between $9 to $59. The plan comes in two categories; SSD VPS’s and Storage VPS’s. All the plans offer unmetered traffic.
Shinjiru is a Malaysian based offshore hosting provider that offers a vast range of VPS and dedicated server hosting solutions for individuals and companies that are security conscious. The company was launched in 2000 with its headquarters in Kuala Lumpur, and they currently have a client base of over 40,000 customers.
With Shinjiru, clients are sure of peace of mind, data security, and total anonymity always. Also, the offer domain registration services, so you are assured of identity protection if you register a domain with them. For new clients with existing websites, the company takes care of the migration process at no extra cost, and you are offered the option of making anonymous payments. Shinjiru also offers a secure email hosting service. The company guarantees a 99.99% uptime. Shinjiru’s data centers cut across Europe and Southeast Asia, and they offer a faster loading time than most providers.
The various plans they offer are quite pocket-friendly. Their offshore shared hosting services are one of the cheapest in the industry. They are created for startups and personal websites that desire the utmost privacy. Coupled with the affordable, they also offer generous resource allocations; their lowest plan offers 100GB storage and unmetered bandwidth.
While signing up with this service, they do not ask for any form of documentation of identity verification. This ensures that your anonymity is not tampered with. They offer a vast array of payment options, which include Bitcoin payment. Shinjiru also ensures that they give world-class support to their clients. They claim to offer 24/7/365 customer service. Users who have contacted them at odds mentioned that they got a prompt response. So, this validates their claim.
Shared Hosting: The price for this service is between $3.95 and $8.95. Subscribers get standard security coupled with anonymous hosting and a 99.99% uptime guarantee.
VPS Hosting: Price plan ranges from $11.90 to $31.90. It is still a newly launched package, and the load time has a lightning-fast speed.
Dedicated Server Hosting: The price goes between $79 to $550. The INTEL servers ensure you enjoy ultimate speed, power, and control.
HawkHost is a Canadian-based hosting company founded in 2004. With over a decade of experience, they have been rendering offshore hosting services in the ever-evolving industry. The company has grown rapidly since its inception and has become one of the largest providers in the market.
HawkHost has data centers located across the globe. The locations include Los Angeles, Amsterdam, Singapore, Toronto, Hong Kong, Washington DC, and Dallas. This hosting provider assures you of satisfying services. They offer a variety of hosting services like reseller, shared, VPS, semi-dedicated hosting, and domain registration. The majority of providers who try to offer this type of service end up rendering poor quality services, but HawkHost is different.
Their services are unique in the sense that they utilize the LiteSpeed Web Server. This version replaces Apache, which is the most popular web server software in the world. LiteSpeed is 50% faster when processing PHP requests and nine times faster while dealing with static content. The software allows you to manage your site better and handle traffic easily. To show further commitment to the clients, all hosting plans come with a whopping 32GB RAM and enterprise-grade SSDs powered by 12-core central processing units.
HawkHost supports payments on a monthly, annual, or biennial basis. However, the biennial plans are the most cost-effective. Customers of HawkHost enjoy a 30-day money-back guarantee. This means you can ask for a refund if you feel unsatisfied within 30 days of using their services. HawkHost permits different payment methods, which include Bitcoins.
Shared Hosting: You pay between $2.99 to $7.99 to access this service. This plan offers unlimited bandwidth, unlimited domains, unmetered databases, and free SSL certificates.
VPS Hosting: Price goes between $5 to $80, depending on the plan you choose. All plans offer full root access.
Semi-dedicated Hosting: The price ranges from $15.99 to $39.99. You get unlimited bandwidth, free Memcached server, unlimited SSL certificates, etc. when you pick up any plan within this category.
HostSailor is a highly reliable hosting provider that offers high speed and quality hosting services since 2018. Although relatively new, their client base is growing very fast due to their low prices and robust hardware.
The company provides its clients with flawless experiences ever since. HostSailor promises a 100% satisfaction guarantee because they always try to “go the extra mile and stand apart in a sea of competitors.”
A set of features is included in all pricing plans. The company offers instant setup, free website transfers, newest cPanel, unlimited number of sub-domains, email and FTP accounts, and free dedicated IP address. They give you a 60-day money-back guarantee in case you don’t like their products.
At the same time, you won’t have a problem with uptime because Hostsailor makes sure that your website stays fully operational around the clock. When Bitcoin earned the number one position among cryptocurrencies, HostSailor did not hesitate to accept it as the official payment method and allow users to pay hosting with bitcoin and become one of the first bitcoin web hosting companies.
Hostsailor created a variety of different solutions, so it’s easy to find the option that suits your demands.
SSD Shared hosting: This is the cheapest option of shared hosting and it costs from only $0.99 up to $9.45 per month. All Hostsailor’s SSD Shared Hosting plans comes with SSD Disks (faster), Litespeed Web Servers and free SSL certificates.
VPS web hosting: You can buy VPS Hosting with bitcoin from HostSailor. If your website starts to receive more traffic then it is time to jump to Hostsailor’s VPN Hosting Plans. It’s a solution with enterprise-level features for customers who demand more. The monthly price for VPN hosting ranges from $1.99 to $56.99. There are over 10 different VPN plans to choose from. Note that comparing the benefits you get with what you pay, this is the most value for money VPN plans we’ve found until now.
Dedicated Servers: HostSailor’s dedicated servers start at $68 per month. It is a great choice if your project is going to attract huge amounts of traffic. It is also the most expensive option since you are renting a server all by yourself.
Webhostingpad operates 8 Data Centres worldwide (and growing). It is offering its hosting services since 2000 and they are headquartered in Kuala Lambur, Malaysia. The hosting company accepts Bitcoin as on of their payment methods to their hosting services.
Webhostingpad is perhaps the only offshore web hosting provider that is ISO9001:2008 accredited (learn more about the importance of this accreditation here).
Webhostingpad’s focus is on providing the best protection services to all their offshore customers giving top priority to identity, server and network protection – according to their official website. Accepting Bitcoin and Ethereum for its services shows their commitment to their cause.
Thanks to the quality hardware, Webhostingpad guarantees a 99.9% uptime. They provide users with 24/7 premium customer service, while all design tools are intuitive and easy to use. Webhostingpad also conducts frequent backups, allows free site migrations, and ensures full compatibility with multiple platforms.
Web Hosting Pad Reviews
Shared hosting: Webhostingpad’s Shared Hosting Plans start from $1.99/month to $4.99/month and you can choose to host your website on one of their 8 hosting data centers (Malaysia, Bulgaria, Holland, Hong Kong, Lithuania, Luxembourg, Russia or Singapore. All their Shared plans include 24/7 support, Litespeed Servers, and Cpanel access.
VPS hosting: You can buy VPS with bitcoin from Webhostingpad. Webhostingpad’s VPS Hosting Plans start from $29.95/month to $99.95/month and again, you can choose to host your website on one of their 8 hosting data centers (Malaysia, Bulgaria, Holland, Hong Kong, Lithuania, Luxembourg, Russia or Singapore. All their VPS Hosting plans include 24/7 support, 1Gbps DDoS Protection and Daily Backups.
Softaculous auto-installer and Weebly website builder
Support for Ruby on Rails, Python, and more
Temok was launched in 2014 but has quickly gained the trust of over 8,000 customers around the globe with its amazing array of services. With their headquarters in the United Arab Emirates, they also have offices in the U.K. and the U.S. Their data centers are located in Luxembourg, Netherlands, United States, and Sweden. Temok’s hosting plans come with incredible features and well-designed to handle any website you create.
They are generous with resource allocation; there are standard features that come with all the plans. These features include unlimited bandwidth, unlimited subdomain, unlimited domains, 99.9% uptime guarantee, Softaculous auto-installer, and free Weebly SiteBuilder.
Whether you are on the Starter or First-Class plan, you also get other value-added features, and this puts them ahead of other hosting providers. The value-added features include:
Supports CGI, PHP5, Ruby on Rails, and Python
Support for Curl, GD Library, CPAN, ImageMagick
Unlimited MySQL databases with phpMyAdmin access
SSH access and Cron job scheduling
If you wish to have a website with an SSL certificate, they also offer that for free. You can also for the more advanced ones if you wish to. Basically, they offer two types of shared hosting plans, Windows and Linux hosting.
During the sign-up process, you are free to choose between using Netherlands or U.S. as your hosting datacenter. To get the best value from your subscription, you could prepay for three years of service. Averagely, you will get to save over 50%. Temok boasts of active and excellent customer support. Also, you are offered a 14-day money-back guarantee for all plans.
Temok User Reviews
Shared Hosting: The price for this category is between $2.99 and $7.99. Also, you enjoy an unlimited number of sites and unmetered bandwidth here.
VPS Hosting: VPS plans range between $22.95 to $64.95. Various plans in this category have different features and benefits.
While conducting our research, one thing stood out about this company, and that is their customer support. As we all know, one thing that could shape or wreck a business particular website hosting companies is customer service. There are a lot of companies in the market with affordable hosting plans, but find one with good customer support could be very tasking. This company goes the extra mile to ensure that customers always get what they need. The average response time is 12 minutes, and the live chat option is instantly accessible.
Additionally, the company has hardware service technicians on standby so as to solve any hardware related problems immediately. Existing websites can easily transfer their data to the hosting platform for free and evert customer gets to benefit from the free remote backup done on a weekly basis.
Another thing that impressed us is the scalability of the hosting plans. Every service was designed with growth in mind. With the continuous evolution in the web hosting industry, they strive to ensure that every client assesses the webspace and the best tools required for the website creation and maintenance of a personal or business portfolio.
If a customer’s website reaches the limit to what it can handle, the company offers dedicated server hosting or VPS hosting to keep up with the demands of the site. Hosting service’s scalability is created to meet any need a customer has. Different payment methods are accepted by the company, and that includes bitcoin payment.
Shared Hosting:Ultra Web Hosting offers three shared web hosting plans from which clients can make a pick. All three basic plans feature unlimited bandwidth and disk space. However, customers can only run one website on the first level plan, Ultra 1x. You can upgrade whenever you wish to equip yourself with extra features and tools like dedicated IPs, email accounts, and CPU performance.
WordPress Hosting: WordPress Hosting offered by UltraWebHosting is like a managed shared hosting plan with increased resources. In this category of hosting they offer only one hosting plan at around $13/month.
VPS Hosting: Ultra Web Hosting Offers only one Managed VPS servers plan at $50/month without offering an impressive amount of resource – like other hosting providers are stating in their sales pages.
Dedicated Hosting: Ultrawebhosting offers two dedicated hosting plans for its clients that offer a decent amount of resources and are priced well. ve
GlowHost has 18 data centers around the world. This way, they can deliver high speeds to websites from all around the world. GlowHost also pride themselves of their 100% Wind-Powered Green Hosting Services they provide.
Since the foundation of their organization in 2002, GlowHost has been putting forth high caliber and secure website hosting services for its clients around the world.
GlowHost is one of the best hosting companies out there (who accept bitcoin as well). People are super excited about their uptime, features and support. Check these GlowHost reviews from popular reviews website Sitejabber.
GlowHost provides clients with a vanilla Apache Tomcat installation, ensuring that Java development on your desktop can safely be deployed to the cloud hosting platform. On the other side, its next-gen PHP hosting (LAMP) is combined with the power and convenience of Cloud servers to provide complete control, easy management, and redundancy.
Both services are cryptocurrency-friendly, so you can buy hosting with Bitcoin. Here are the Java pricing plans:
Shared Hosting: GlowHost’s shared hosting plans start from $4.95/month up to $17.95/month. All Shared Hosting plans comes with Daily Backups and Free SSL certificates and Advanced DDOS Protection. [su_spacer]
VPS Hosting: You can buy VPS with bitcoin. They’re VPS Hosting Plans span into 3 different Levels. Entry-level for the VPS Hosting is $13.49/month and goes up to $54.99/month. [su_spacer]
Dedicated Hosting: They’re Dedicated Hosting Plans start from $129.00/month and goes up to $299.00/month.
Bitcoin Offshore Hosting – What is offshore hosting
The actual definition of offshore hosting accepted is that it is the process of hosting your data in a different country other than your own. However, offshore hosting is not limited to the definition above. Below are more characteristics of offshore hosting
Offshore hosting providers value data privacy of their customers immensely, and the laws of the country in which it is located reflect this value as well. It doesn’t license both corrupt or non-corrupt entities from retrieving data to serve their benefits at the cost of clients’ privacy in any form. Adult contents, copyrighted contents, etc. can be hosted using offshore hosting. This is because it is hard to shut down legally and track.
Offshore hosting providers have a more flexible content policy, which does not violate the laws of a democratic, first-world country. It helps people to promote or host content that may be illegitimate, banned, or prohibited in their countries.
For example, it allows sharing sensitive and relevant information in a country where freedom of the press is not permitted, or the expression of one’s political views in a country where freedom of speech is not tolerated. In India and other Asian Countries, Poker and casino are banned. To host these websites/content to an Asian customer, there is no other option than using offshore hosting.
5 Best Bitcoin Offshore Hosting Providers
Shinjiru is one of your safest choices when it comes to offshore hosting. The company’s headquarters are located in Malaysia and they are in business since 2008. They operate 8 data centers around the world.
Abelohost is another hosting company that accepts bitcoin and focuses on providing only offshore hosting services. The company’s servers are located in Amsterdam which is a big thing in terms of privacy. Under Dutch law, all data are safe and can’t be taken by force by government authorities.
PalexWeb is probably one of the most DMCA provocative offshore hosting providers. Why you may ask? Well, because they openly say it on their homepage. More specifically they say ”DMCA Ignored Offshore VPS Located Amsterdam and Moscow”.
The company was founded in 2015 and its headquarters are located in the Netherlands – so they fall under the Dutch Laws of Data privacy. Their hosting services include Shared Offshore Hosting, VPS Offshore Hosting & Dedicated Offshore Hosting. Check hosting plans here.
TheOnionHost is another DMCA ignored, bitcoin-accepting, offshore hosting provider that offers Shared offshore hosting, VPS offshore hosting and dedicated offshore hosting services.
Anonymous Web Hosting – What is Anonymous Hosting?
Anonymous hosting could mean different things to different users; therefore, its definition is limitless. Anonymous hosting also offers Offshore Hosting of a website or content, but you can find such services within your location.
These services are on the rise for one very simple yet inevitable reason; the world is becoming more liberal and diverse, and so is the internet. Users are looking for newer, more secure ways to upload and share just about every kind of data on the Internet with the least bit of resistance possible.
And Liberalism isn’t something any government has ever been fond of, and that’s why users have started shifting more and more towards anonymous hosting companies so that their native country-laws wouldn’t apply to their sites. They can upload the kind and type of content they wish to.
There are no rules an anonymous hosting company confirms to. Each has its own choices and needs, some do not care about DMCA laws and let you upload copyrighted material but maybe skeptical towards Porn content, or vice-versa in other cases. Others may allow everything except religious content.
Some of the features that people look for when choosing anonymous hosting services include Country the company’s servers are based out of, Payment forms accepted (bitcoin and other cryptocurrencies), Types of content not allowed (the lesser the number of restricted contents, the better), Price, Anonymity, and Speed.
5 Best Bitcoin Anonymous Hosting Providers
Anonymously is an anonymous offshore web hosting provider with a decade of experience. It seemingly takes privacy and anonymity so seriously that it doesn’t even share information about its infrastructure or its physical location. However, it states that its servers are in the Netherlands. To further assure your anonymity, all you need is a valid e-mail, and you can only pay by cryptocurrency such as Bitcoin.
Anonymously offers several subscriptions for some web hosting solutions such as shared hosting, VPS, and dedicated server hosting.
Anonymously is an ignored Digital Millennium Copyright Act (DMCA) anonymous offshore web hosting provider, which should please the target audience. However, it has a long list of prohibited activities reserving the right to terminate or suspend accounts without notice in cases of violation.
VSYS is an anonymous offshore web hosting provider with ten years of experience. It has its servers based out of Ukraine. VSYS offers several subscriptions for some web hosting solutions, such as shared hosting, VPS server hosting, and dedicated server hosting. It also provides DDoS attack protection using enterprise-grade inline filters, and it is an ignored Digital Millennium Copyright Act (DMCA) anonymous offshore web hosting provider. It offers bitcoin payment for all its services, further increasing your anonymity.
It also offers 99.9% guaranteed network uptime, 24/7 tech team support, competitive prices, and lots of network capacity with 200+ Gbps of IP traffic.
Impreza Host is an anonymous offshore web hosting provider is tagged as a specialist in hidden network hosting. It has data centers in Dallas, Romania, Provo, Iceland, and Finland. The many subscriptions on offer include KVM-VPS server hosting, dedicated server hosting, word press hosting, cloud hosting, reseller hosting, domain registration, and SSL certification.
Some of the features of its services include 99.9% network uptime, full root technology, e-mail solutions, high speed, and competitive prices. They also guarantee a team of experts to answer all your operational needs 24/7. Ensures the anonymity of their users is a top priority, which reflects in their payment gateways. You can pay using bitcoin, Ethereum, and Litecoin.
Vindo Hosting is another one of the anonymous web hosting companies with data centers in the Netherlands. They allow all types of content, except violence, hacking, child pornography, phishing, selling pirated software, and viruses.
It provides Shared and VPS servers, but not dedicated. Domain registration is available. Registration or purchase requires just an E-mail address and no other personal details which keep things highly private. All the hosting packages include free everyday backups, unlimited domains, unlimited FTP accounts, unlimited E-mail accounts, etc.
As for payment methods, they accept traditional forms of payment and Bitcoin. The uptime is claimed to be 99.99%. The support can only be reached via e-mail or a support ticket.
Anonymous Speech is an anonymous web hosting company based in Malaysia. It also has data centers in Russia, Luxembourg, and the Netherlands.
It also has a “not allowed” list, which contains Spam, Child Pornography, Organized crime, and Copyrighted content.
It provides for Shared hosting (both Linux and Windows), VPS as well as Dedicated servers.
All of the plans have six offshore jurisdictions, DDoS protection, and free anonymous E-mail, although privacy features such as private hidden IP and DNS, etc. are only available in the most expensive plans.
As far as anonymity is concerned, no personal information is required when signing up. Only Bitcoin as a cryptocurrency is accepted along with traditional methods such as cash, wire transfer, credit cards, and PayPal. So, as long as you use Bitcoins, it’s pretty anonymous.
Top 5 Features to Look for When Buying a New Hosting Plan
BONUS: What is LiteSpeed Web Server?
LiteSpeed Web Server is up to 9 times faster than Apache Web Server, processes PHP 50% faster, and is 3 times faster at processing SSL than Apache Web Server. LiteSpeed Web Server fully supports .htaccess, mod_rewrite, and everything else that Apache is well known for – if your site works on an Apache host it will work even better and faster on a LiteSpeed based server!
The 5 Types of Hosting: Learn About Them Before Starting a Site!
Ok, so you are going to buy hosting with bitcoin from one of the reputable hosting companies mentioned above. If so, you’ve got to know what to buy. It’s necessary to understand the different hosting packages. Plus, you must pick what works for your needs.
We’ll help you with that. We’ll discuss the 5 types of hosting. Read the list, and select what works best!
1. Shared Hosting
The most basic of packages. Here, your website is stored on the same server as many others. Depending on the hosting service, there may be 100s or 1000s on the same server. Now, this means that the server’s RAM is split across those sites. This may lead to slower loading, lag issues, and occasional downtime.
This package is mostly used by startups. Its low costs allow for quick “trial and error” projects that come with low risk. We recommend this package to low content sites. After all, it is cheap (costing only a few dollars/month)!
Now, If you need more resources from your shared hosting plan, you can always upgrade to a higher shared hosting plan, by just contacting support.
2. VPS Hosting
Short for “virtual private server,” they’re hybrids between “shared” and “dedicated” servers.
VPS networks operate in shared hosting environments. But, they provide services similar to dedicated servers. That is, they provide privileges and additional control to certain owners – without the price tags of dedicated servers.
You see, bitcoin VPS hosting isn’t too expensive. You may have to pay an extra $10 to $15 per month. Compare that to dedicated hosting – which costs anywhere from $75 to $200 per month.
In a sense, Bitcoin VPS hosting is a “premium shared hosting.” You gain an edge while keeping costs low!
Now, while this type of hosting provides additional control, it still lacks the quality of dedicated servers. Thus, a website is still affected by others in its server. So it’s prone to problems from traffic spikes, lags, etc.
This hosting package works best for advanced website owners lacking programming expertise. That is, it’s for long-time content creators (with years of experience), who need an upgrade beyond normal hosting measures.
You can use this for better security measures – as the performance upgrades aren’t too lucrative. You can buy vps with bitcoin from all the above hosting providers.
3. Cloud Hosting
It’s a new trend in the hosting world. Cloud hosting is a form of “network hosting.” It involves many computers working together, pooling resources to run a site.
This allows them to run multiple applications that would otherwise require massive processing power.
This form of hosting isn’t common. It’s mainly used by websites that are “extremely sensitive” to downtime. They include exclusively online shops, trendy news websites, and premium membership networks.
Partially Solves Downtime.
Cloud hosting shares resources from multiple computers. In effect, if one computer collapses, the website can still remain active.
And while this might hurt the site’s loading speed and traffic capabilities – it still allows it to stay online.
4. WordPress Hosting
This is a type of shared managed hosting. WordPress is a content management system. Technically, it’s supposed to be installed after renting a hosting service. Yet, WordPress does provide hosting services. This includes hardware management, dealing with operating systems, and software setup.
Let’s assume you’re already signed up with a bitcoin hosting service. This may be Namecheap, Hostinger, or other popular networks.
With WordPress, you gain the option of accessing their dashboard from your WP panel. This ensures you don’t need to open multiple tabs to manage your website!
This is a convenient option for private content publishers. After all, WordPress is geared towards simplicity. So it works well for the “everyday inexperienced” website owner!
5. Dedicated Hosting
The opposite of shared hosting. Here, owners gain maximum control over the servers that store their site. That is, the server is rented exclusively by the site owner. This means root and admin access – allowing for better operational capacities and security.
However, note that such servers are expensive. So we only recommend them to sites that post mass content, while receiving much traffic, such as news sites, extremely popular blogs, sites that emphasize video content – and highly visited wikis.
Also, note that this option is expensive. Dedicated hosting can cost up to $200/month. For many individuals, this can nullify the cost advantages of starting an online business!
As a digital currency, Bitcoin offers users a series of advantages. Let us outline below 7 reasons why you should prefer bitcoin or any other crypto for purchasing hosting services.
Not subject to centralization – Cryptocurrency is not subject to any kind of centralized national or international authority. This means you can complete transactions securely and anonymously.
No Technical Procedures – Bitcoin transactions don’t involve technical procedures such as invoices or credit cards, so the whole procedure is much simpler and faster. Another reason to buy hosting with Bitcoin is obvious – organizations or individuals who make the majority of income in digital currencies want to pay for this service in the same way.
All bitcoin transactions have color-blind anonymity – Extracting your personal information and finances have ultimately become easier with a credit card. With credit cards, you are sold on the idea of convenience, but you pay a greater price by giving way your fundamental right to privacy. Credit cards transmit tokens, which are secret keys to accounts. Its transmission exposes accounts to risks. Bitcoin transmits no keys but signed messages, which are all the authorization required. This means that purchases with bitcoins are harder to track and even shut down.
Your privacy is guaranteed 100% – Transactions made are not accessible and hence, not subject to scrutiny and review by the government of the origin of payment transactions. Your banks cannot also pry into your private life. Most importantly, transaction information cannot be sold to the highest bidder or get hacked because of the weak security provided by the hosting merchant.
It is Decentralized and Trustless –There will be no need for a middle man to verify payments between the transaction parties. If the transactions involve sending money across borders, the middlemen increase with fiat money. Payment processors charge merchants 3% or higher for every credit card transaction, and that cost is passed down to the consumer.
Avoid costly currency conversions – When you make a payment in your national currency on the internet, your local fiat currency would be converted into the local currency of the merchant.
Bypass legal transaction criteria – You can bypass certain transaction legal criteria. For example, did you know that in some countries you can’t use Visa or Mastercard to transact? Well, with bitcoin you don’t have these issues.
How to Get Your Bitcoins
Mining Bitcoins requires some heavy machinery with incredible computational power, so it’s much more reasonable to presume that you would like to buy them. New methods are emerging as the industry is evolving, but here are the purchasing methods currently available:
Directly via Exchanges: You can buy Bitcoins directly through exchanges. Trustworthy networks often require a thorough verification process and take higher fees.
Peer-to-Peer: Escrow services such as LocalBitcoins allow you to buy digital currencies directly from a peer.
Cash Buy: You can pay Bitcoins with cash, but this is the riskiest purchasing method.
Bitcoin ATM: Globally, there are more than 2.6 thousand Bitcoin ATMs.
Exchange other Cryptocurrencies: If you already own other cryptocurrencies, you can exchange them for Bitcoins and save a lot on transaction fees.
As a brand new technology, cryptocurrencies used to raise people’s eyebrows and make them suspicious about the potential of digital money. However, Bitcoin quickly proved financial reliability and became a legit payment method in some fields of work.
Bitcoin Hosting – Conclusion
In this post, we showed you how the main cryptocurrency works and made a list of top 5 companies to buy hosting with Bitcoin. Feel free to check them out and let us know in comments if you need additional explanations about any of these providers – we will be glad to answer you!
Also, writing up this bitcoin hosting guide took a lot of effort and time. If you enjoyed reading it, please share it with the rest of the crypto community. I’m sure they will appreciate it.
Laura Buckler, who excels at her job as a freelance worker and contributor takes credit for lots of articles full of reliable information. To add up, her past is introduced to more work on the internet as a social media marketer. Take a peek of her life on Twitter.
Coinbase, the largest cryptocurrency exchange in the United States, recently acquired Principal Membership status from Visa, giving it the power to issue crypto-fiat debit cards without needing to rely on third-party institutions like WaveCrest and WageCan.
This development is a landmark for this niche of the crypto industry. It marks a breakthrough for DeFi and may well pave the way for broader adoption of cryptocurrencies by the world.
But is the world ready for crypto-fiat debit cards? Will the public embrace them and use them for everyday purchases? And more importantly, will world authorities allow crypto-fiat cards to thrive?
Why The World Needs Crypto-Fiat Debit Cards
It is obvious that the world’s current financial landscape is quite developed and advanced. Banking institutions have leveraged technological innovations like the internet to provide solutions that make it easier to send and receive money. A few centuries ago, you had to haul chunks of gold to rendezvous points to complete a business transaction. The same thing can be done nowadays with a swipe on an iPhone.
However, a large population of the world doesn’t have access to these fintech solutions. Out of the 7.7 billion people currently living on the face of the earth, 1.7 billion adults are unbanked (that’s 22%). These people can’t apply for financial instruments like credit and debit cards because of their skin color, country of origin, social class, financial status, and location. The current financial landscape imposes restrictions on who can have access to these instruments.
Then Bitcoin arrived in 2009 with blockchain technology and after a few years of skepticism and criticism, started shaking things up. Cryptocurrencies are open and borderless and are pretty much available to anyone who cares to have them. Thanks to cryptos, the unbanked can now make financial transactions without the permission of financial authorities.
Crypto-fiat debit cards help improve this experience. They make it possible for you to withdraw money from an ATM, pay for groceries and buy stuff online without having a traditional bank account. When you make a transaction, merchants get paid in their own currency while you are charged in crypto from your prepaid balance.
Developed communities also stand to benefit from crypto-fiat debit cards. For one, spending cryptocurrencies will be easier and faster because users won’t need to log into any account to make a transaction; all necessary crypto-fiat conversions are done in the background. To pay for groceries, you just swipe the card and you’re good to go.
However, crypto-fiat cards are yet to kick off in spite of the valuable services they provide. That’s why Coinbase’s landmark achievement with Visa plays a very important role in the future of this niche of the crypto industry.
Why Crypto-Fiat Debit Cards Aren’t Ubiquitous
There are several crypto-fiat debit cards in operation presently but the saturation level is not commensurate with the interest level cryptocurrencies have attained among the public. The number of firms that issue crypto-fiat debit cards has reduced significantly and there’s nothing to suggest that things will pick up in the near future.
Most firms issuing crypto-fiat debit cards stopped operating mainly because they, or the third party that helped them in issuing the cards was banned by financial authorities. In 2018, Visa banned WaveCrest, the company providing most crypto-fiat cards and card issuers like CryptoPay, Bitwala, TenX, and Wirex either suspended their services or reduced support to specific countries.
Card charges also discouraged people from opting for a crypto-fiat debit card. There’s no point paying up to $10 as a monthly card maintenance fee if your intention is to HODL. Some companies even charge as high as $250 to get a card.
Crypto price volatility didn’t help matters. The value of a T-shirt can rise from 0.1 ETH to as much as 0.15 ETH while you’re still at the store. No one wants to lose money. People will lose interest in crypto-fiat debit cards if cryptos fluctuate wildly all the time.
A Way Forward
In the current landscape, most crypto-fiat debit cards draw from an unstable deposit of cryptocurrencies and are provided by exchanges and other profit-oriented institutions. That’s why these cards have numerous charges attached to them. There will be less charges and more users if these cards are issued by crypto projects instead.
For instance, consider Sudan Gold Coin (SGC), a cryptocurrency project that lets you key into the gold market in Sudan. This project issues crypto-fiat debit cards that draw from a balance of Sudan Gold Coins, the native token of the ecosystem which is valued in gold – a stable, physical commodity.
SGC’s crypto-fiat cards won’t have charges as high as other crypto-fiat debit cards because the project’s main goal isn’t about making money. SGC’s concern is leveraging the power of blockchain technology to deliver a decentralized trading platform for gold and other precious metals.
The biggest issue stopping crypto-fiat cards from going mainstream is crypto price volatility but there’s little anyone can do to remedy that. This problem will ultimately solve itself. Crypto prices have actually been less volatile over the last couple of years.
Blue Hill Mining, a mineral resource mining project, has introduced two initiatives that will ensure that it’s BHF-Token steadily increases in valuation through the next years.
Blue Hill Mining, a mining exploration project, plans to initiate a buyback that will precede the reabsorption of equity, once the underlying value of the BHF-Token reaches $30. And for this to come to fruition, Blue Hill Mining Project has implemented two value-adding initiatives tied to its BHF-Token, which will increase the “percentage of co-ownership of BHF-Token holders” and ultimately the value of the security token.
While explaining these developments, Blue Hill Foundation revealed that the first step for reaching its target requires the implementation of a profit-making endeavor, looking to buy mining exploration licenses from distressed mining firms and sell them for a profit or explore them. Blue Hill Foundation calls this model the “Liquidity System”. The second solution, as explained in the document made available, is the Burning Program – a commercial and financial mechanism used to buy and increase the price of the BHF-Tokens by burning them (acquiring) and keeping less in the market.
What is the “Liquidity System”?
Their “Liquidity System” is an internal way to generate money outside of the secondary market in order to achieve the project’s financial goals. The way that their Liquidity System makes money is by taking advantage of a unique opportunity of buy mining exploration licenses from struggling owners that want to make a quick sale, as they do not have the financial means and knowledge to operate these mines (distressed mines).
Before buying any mining exploration project, each license goes through an enhanced due diligence process, regarding the current and legal status of the license, the demand of the minerals in question, the geological exploration works performed, the financial status, as well as any supporting credible reports from the national, acquires such as the reliable USSR reports. The final step in this purchasing process is to make pre-geological scanning in order to discover the presence of mineral resources such as gold, copper, nickel, cobalt and any other precious metals within the mining exploration license.
Once the Geological-Scanning shows successful results, the purchase will take place that is managed by Swiss Asian Resources. These mining exploration licenses will then be sold for a profit which in summary is called the “Liquidity System”.
The profits generated by their “Liquidity System” will be used in order to help achieve Blue Hill Mining’s financial hard-cap goal. Once the Blue Hill Mining Hard-Cap has been reached their “Liquidly System” will continue to contribute towards the burning program as well as to buy more distressed mining exploration licenses to continue to keep feeding their “Liquidity System” that increase the underlying value of the BHF- Tokens.
What is the “Burning Program”?
It is a mechanism within the Blue Hill Mining token model. The “Burning Program” will buy BHF-Tokens from the market (from the exchanges once the token is listed).
These purchased tokens will then be burnt in order to decrease the number of tokens in circulation. This means that the co-ownership of the mines from the burnt token(s) will be shared amongst the rest of the existing BHF-Tokens; which increases the percentage of co-ownership of the remaining BHF-Tokens and thus increases the underlying value of each BHF-Token (fewer tokens for the same assets).
The “Burning Program” will be supported by the profits generated from:
– Liquidity System
– The sale of minerals such as gold, copper, nickel and cobalt to the market
– The future trading platform
A minimum of 20% of the profits generated from the above will be contributed towards the “Burning Program” and the balance will be used to buy more mining exploration licenses.
What are the objectives of “Liquidity System” and “Burning Program”?
The ultimate goal and final stage of the life of the BHF-Token is the buyback plan, which is when the underlying value of the BHF-Token reaches its target value of US$30 per token.
This can be achieved by the combination of their “Liquidity System” and “Burning Program” as they both complement each other, as their “Liquidity System” will continue to buy more and more mining exploration licenses that will continually increase the underlying value of the BHF-Token with time and the “Burning Program” will continue to burn BHF-Tokens, meaning that there will be less and fewer tokens with time until eventually, the underlying value per token reaches US$30.
By combining both the “Liquidity System” and “Burn Program”, it is only a matter of time until the buyback plan reaches its ultimate goal for the token holders.
When talking about the top cryptocurrencies based on price, market cap, and adoption, you’ll almost surely hear about Litecoin at some point. Litecoin, started as a hard fork off of the bitcoin core back in 2011, with creator Charlie Lee firmly planted behind the wheel of this race car.
With a faster block generation and a drive to continue to innovate, Litecoin is a spectacular choice for new investors who want to get in on the cryptocurrency trading floor. Many platforms that focus on novice traders, like Bitvavo, happily extend their services to Litecoin holders and can help guide them when it comes to trading in these highly dynamic and well-known altcoins.
Litecoin and Bitcoin
Litecoin is almost identical to bitcoin in a number of ways. It’s a decentralized, peer-to-peer cryptocurrency that creates a borderless, international value trading system. The open-source software system still uses a proof-of-work algorithm to mine its blocks, but how Litecoin goes about mining is one of the main differences between it and its predecessor, bitcoin.
Litecoin is super fast, with a block generation rate of about 2.5 minutes. Which leaves bitcoin’s 10-minute generation rate in the dust. A faster block generation means quicker thruput and faster transactions. Litecoin achieves this wildly quick generation by using Scrypt algorithms in their proof-of-work (PoW) system, where bitcoin still relies on the original SHA-256 algorithm.
Scripts originally used GPUs to mine their blocks as GPUs had way more processing power than CPUs. In 2014, ASIC hardware– hardware designed specifically for mining PoW cryptocurrencies in SHA-256, were developed and widely released, making bitcoin mining less accessible to everyday users. Scrypt, on the other hand, is designed to be less susceptible to these types of hardware, leaving GPUs and CPUs still able to do the work. Keeping Litecoin mining more widely available to users of all kinds.
Furthermore, Litecoin has a coin limit of 84 million, where bitcoin is seen to have only 21 million. This is important for investors as with a larger limit, it can take the market that much longer to become saturated, meaning that more traders have time to get in on Litecoin at basement pricing before it becomes prohibitively scarce.
Litecoin Halving and Value
Litecoin gains it’s value in the same way that bitcoin does, through a principle known as “artificial scarcity.” Artificial scarcity means that a finite amount of Litecoin exists, and will ever exist. No one can ever produce more Litecoin. So unlike fiat currencies, that can manipulate price based on inflation or quantitative easing, Litecoin can never be changed in this way.
Litecoin also undergoes a “halving” just like bitcoin. In order to add Litecoin transactions to the blockchain, computers connected to the global network must “mine” blocks, or verify transactions from solving complicated mathematical equations. Once a block is mined, the computers that helped to verify that block (called miners) are then awarded a predetermined amount of Litecoin. This amount decreases by half every 840,000 blocks that are added.
The idea behind halving is to keep the coins scarce for as long as possible, which will- in theory- help them to retain good value. However, it’s been shown that because of halving, the incentive to mine Litecoin is reduced, as miners aren’t receiving the same amount of rewards. Which with the last Litecoin halving, saw hash rates decline by almost 33%.
Despite this significant drop in mining, Litecoin is still pressing forward with continued energy and innovation.
As of 2019, Litecoin founder, Charlie Lee announced the integration of MimbleWimble (MW) into the Litecoin protocol. Perhaps the most exciting boon that MW can offer Litecoin users that opt-in is that it will obscure transaction values and mix them among other network participants. This makes it extremely difficult for third-party entities to be able to track and log user activity based on blockchain analytics. A hot button issue that has been plaguing bitcoin users for some time.
MW allows users to make confidential transactions and engage in non-interactive coin joins. Keeping crypto more closely aligned with its initial principles regarding fungibility.
Another hopeful throwback to the roots of cryptocurrency ethics is the rising support for atomic swaps. Atomic swaps are peer-to-peer trustless exchanges of coins from different blockchains. This means that without the use of a third-party intermediary, users could effectively swap Litecoin for Bitcoin. Which is big news for many crypto-enthusiasts who say that third party enterprises have gained a far too deep foothold in the crypto sphere.
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