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What Will Bitcoin Look Like in Twenty Years?

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Bitcoin is the most famous cryptocurrency in the world today. It has gone through various ups and downs, since it appeared. What do the next 20 years hold in store for bitcoin?

Over its life, bitcoin has changed the world views global finance and other activities such as buying for products from Newegg, Overstock, Cheap Air and services like Hosting for websites, Domain Name Registration, VPN etc, playing online slots games kostenlos and many more. It has provided the framework to create other cryptocurrencies. Each instance you get to hear the latest bitcoin news, it appears to stick to a similar pattern.

Initially, you come across reports of the latest innovations or guidelines, which can lead to the collapse of bitcoin. This is mostly utilized to describe a plunge in the price, a drop in bitcoin price USD, etc. It’s followed by a price increase. After that, the news says about the instability and continuance of the debate as for bitcoin’s development.

Understanding Bitcoin

Before we proceed with looking at what to expect for bitcoin in the next 20 years, we need to understand it first by looking at the evolution of bitcoin. It’s had an unstable history with regards to trading ever since it came into existence in 2009. This idea was conceived in 2008 by Satoshi Nakamoto. Then, in 2009, it was released as open-source software. The first instance of a real-world transaction occurred when a bitcoin miner bought 2 pizzas for 10,000 bitcoins.

Since it came out, there has been a lot of action. At first, it cost basically nothing. The initial actual increase in bitcoin price happened in July 2010 when it has moved from about $0.0008 to $0.08 for one coin (that is 1 BTC to USD).

This cryptocurrency is decentralized and utilizes peer-to-peer tech, which allows things such as money issuance of currency plus processing of transactions to be done by the network. Whereas this decentralization leads to non-interference by the government, there won’t be any central organization or authority to guarantee that everything goes smoothly.

This cryptocurrency is digitally created via bitcoin mining, which needs powerful computers to solve complicated algorithms.

What’s Money?

That’s the core of the discussion. Once the public decides that a free market system is a king, will this type of cryptocurrency replace government-regulated currency, thus bringing about a bitcoin revolution? Or on the other hand, will leave the world’s financial system to the public lead to extreme instability, which would make bitcoin a valuable currency? Various people have different viewpoints.

Any significant debate on this issue starts with the meaning of money. Any currency is supposed to possess the quantifiable degrees of:

  • Scarcity
  • Durability
  • Usability
  • Divisibility
  • Recognizability.

Bitcoin seems to possess all these five crucial components of currency. However, if you look at it keenly, it might not fulfill some of these criteria. This is particularly evident with scarcity, although it might not be what you may think.

Convenience of Bitcoin

Some companies and small ventures accept bitcoin as a form of payment for a service or product. You can also use it to play different online games, for instance, Book of Ra. However, in spite of existing for several years, most businesses still want to receive payments in the form of fiat currency.

This is because cryptocurrencies such as bitcoin, are very unstable to possibly utilize, as the chief means of carrying out business transactions. This will not change when the supply and demand for bitcoin increases.

Instability will become worse. Whereas most governments can, at times, do it badly, the fiat currency’s value is stifled by the central bank to establish stability. When it comes to bitcoin, the sole thing ascertaining its value is purchasers plus sellers. Simply stated, not many companies will accept bitcoin now.

That can change the moment this cryptocurrency endures a bad crash, which no one will be prepared to ward off.

Boundless Supply of Bitcoin

Indeed, the number of bitcoins that will ever be mined is limited: around 80% of 21 million bitcoins have been discovered and are presently in circulation. Those, which haven’t been mined yet, will be, at some point, and then that is it.

The finite number of them implies that its future value is going to be dictated by supply and demand. However, there’s an issue with this notion — there’s no restriction on other cryptocurrencies that can be created.

This doesn’t happen with fiat currencies. While governments are entitled to print more cash, for the most part, they have a limit when doing so, because uncontrolled printing of money devalues the currencies and thus leads to inflation.

What’s more, any individual who wishes to possess another nation’s currency must exchange the existing one. Internationally, the amount of money that may be held at a particular time is limited, therefore guaranteeing that the currency is at least valuable.

Unregulated cryptocurrencies don’t have any creation limit. Therefore, their creators can continue to do so, provided that there are people ready to exchange the normal currencies for them. In order for bitcoin to thrive as a genuine worldwide currency, there shouldn’t be other types of cryptocurrency. Others include:

  • Ripple
  • MintChip
  • Litecoin

Conclusion

If bitcoin has its blemishes, why has it lasted for this long? The simple answer to this is that not everyone thinks that this cryptocurrency is blemished. There are ardent followers of it, who’ll, for instance, download the bitcoin wallet and use it for various transactions. Or if there is an individual who wishes to be a bitcoin trader, then this premise will be around for many years to come.

You need to be aware that cryptocurrencies haven’t been really tested yet. Neither were they used in the eyes of the public nor in the event of a crash. On the other hand, a fiat currency such as the USD, has endured these tests. Probably in the coming 20 years, bitcoin might encounter such an exam, and we’ll get to see some intrinsic blemishes. What do you think will happen to this digital currency in the coming 20 years?

Author’s Bio

Thomas Glare is an ICT expert, blogger, and entrepreneur. He has written extensively on economics, information technology, global finance, and technology. Also, he has articles about bitcoin and its emergence as an alternative financial system to the common fiat currencies since 2013. He has tried his hand at bitcoin trading.

Top 10 Domain Registrars That Accept Bitcoin (Ranking Table)

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If you are looking for domain registrars who accept bitcoin or any other cryptocurrency, then you’ve landed on the perfect page.

Many users who regularly buy something online, consider Bitcoin the most secure payment method. Indeed, it is becoming more and more popular and allows making purchases anonymously. In most cases, it is really more secure than traditional bank cards. You may prefer using Bitcoin to pay for products and services online (or even offline), if you do not want to share your bank card data online.

Let’s leave the chit-chat.. 🙂

You are here because you are looking for Domain Registrars that accept bitcoin. Right?

My guess is that you want to start an online project. A Website maybe, a personal blog, an eshop?Well, the first step in any online business is to buy a domain with bitcoin.

You can get a domain name from any of the thousand domain registrars that operate around the world or.. you can buy a domain name using bitcoin.

But, which of them work with cryptocurrencies? Well, in this blog post, we present the Top 10 Domain registrars that accept Bitcoin and alternative coins.

Domain Registrars That Accept Bitcoin – Table of Contents

This article (table and rankings) was last updated in January 2020.

Top 10 Domain Registrars That Accept Bitcoin (Table)

In this table, you will see our top recommendations of domain registrars that accept bitcoin. These companies are reliable domain registrars that accept bitcoin as a payment method.

 

Company

Services

Create Account

1porkbun - domain registrars that accept bitcoin Domain Registration
Shared Hosting
Website Builder
Visit Porkbun
2namecheap accepts bitcoin for domain registration Domain Registration
Hosting
Visit NameCheap
3Namesilo - Domain Registrars That Accept Bitcoin Domain Registration
Hosting
Visit Namesilo
4Top 10 Domain Registrars That Accept Bitcoin (Ranking Table) Domain Registration
Hosting
Website Builder
Visit Hostinger
5hostsailor logo Domain Registration
Hosting
Website Builder
Visit HostSailor
6Hawkhost allows domain registration with bitcoin Website Builder Domain RegistrationVisit HawkHost
7bitdomain - domain registrars that accept cryptocurrencies Domain RegistrationVisit Bitdomain
8gandi domain registrar that accepts bitcoin Domain Registration
Hosting
Visit Gandi
9netcetera domain registrar accepts bitcoin Domain RegistrationVisit Netcetera
10hostwinds register domain bitcoin Domain Registration
Hosting
Visit HostWinds

Buy Domain With Bitcoin?

You can buy a domain with bitcoin from all the listed the vendors below.

1. Porkbun
porkbun domain registrars that accept bitcoin

Porkbun is an ICANN accredited domain name registrar based on Portland, Oregon. Their main business is domain registration although they do offer shared hosting plans. Although we haven’t tested their hosting services we suggest buying hosting from websites that offer it as their main focus.

PRO’s at a Glance..

  • Free WHOIS Privacy
  • Free SSL Certificates with Auto-Renew
  • Low Prices
  • Friendly User Experience

I do recommend though using them as your main domain registrar. Their website is very user-friendly and they.. look different – in a good way – from their competition. I have personally transferred a couple of domains that were going to expire from Godaddy to them and I got charged significantly less. 

You can easily register a new domain, extend its registration term, and transfer it from another site. The list of available domain extensions is impressive. This means that you will be able to choose a domain that fully meets your needs. For example, they have extensions like .army, .bingo, .blackfriday, .beer and thousand others.

Finally, Porkbun has an impressive 9.7/10 rating on Trustpilot from and raving reviews from clients. You can see how much people love these guys.

porkbun reviews

For any help you might need, there is a 24/7 hours support available through email, by phone, and online chat.

Porkbun is one of the few domain registrars that accept bitcoin, ethereum, bitcoin cash and litecoin.

Visit Porkbun


2. Namecheap

namecheap - Domain Registrars that accept bitcoin
source: HostAdvice

NameCheap provides domain registration services. It is their core business. In addition, you can purchase an inexpensive hosting package. The company has been operating on the market since 2001 and has gained an excellent reputation over this period.

PRO’s at a Glance..

  • Very User-Friendly Interface
  • Free WHOIS Privacy
  • Long Business History (Since 2001)

Since the platform has been offering its domain registration services for 17 years, it has been able to create a very stable infrastructure. They have excellent equipment for trouble-free operation including servers with SSDs, as well as very reliable own data centers.

NameCheap offers a full range of domain name registration services. You can register a new domain, move an existing one from another platform, and select any domain zone to choose from. In addition, if you want to register your own top-level domain, the company will easily help you with this.

Technical support is available 24 hours a day, 7 days a week. You will have the opportunity to contact them by phone, via the online chat, and also via a special form on the official website.

Also, people seem to love them..

namecheap real user reviews

Prices for services are affordable. Regarding the registration of the domain name, the starting price is $0.99 per year (WOW). The price depends on the purchase period, as well as the domain zone.

You can use Bitcoin as payment. NameCheap was the first company on the market that implemented Bitcoin as a payment option.

Visit NameCheap


3. Namesilo

Namesilo - Domain registrars that accept bitcoin
source: Trustpilot

Namesilo – established in 2010 – offers primarily domain registration services as well as hosting services.

PRO’s at a Glance..

  • One of the cheapest Domain Registrars
  • Has over 2.000.000 Domains Registered on their platform
  • Free WHOIS Privacy
  • Free Domain Parking

According to the official Facebook page, the company’s annual revenue exceeds $2 million. For 8 years of its work the provider has registered more than two million domains, and also got ICANN accreditation.

The next distinctive feature was that in 2014 the company began to accept Bitcoin to pay for its services. It became the second after NameCheap. At the time, the Cryptocurrency was not yet so popular.

The company positions itself as the cheapest domain registrar who accepts bitcoin on the market. Most registrars offer large discounts in the first year of use, and starting from the second year the prices increase significantly.

NameSilo also receives the most domain transfers to its platform from other domain registrars. They maintain a public table (can be found on their website here) where they show how many domains they got (and lost) from other domain registrars.

namesilo domain transfers

NameSilo offers cheap rates regardless of the additional conditions. In addition to the low pricing policy, you can use a large number of extra services at no additional cost.

The cost of each domain registration package starts at just $ 1.89 per year.

Visit Namesilo


4. Hostinger

domain registrars that accept bitcoin-hostinger
source: Trustpilot

Hostinger is known primarily as a hosting provider. It offers services at a low price, giving sufficient performance. In addition, you can register a domain name with them and pay with bitcoin at a very low price.

PRO’s at a Glance..

  • Trusted Top Domain Registrar
  • Cheap Domains & Renewals
  • Free WHOIS Privacy
  • Free Domain with Every Hosting Plan

Having received your own address, you can use their integrated site builder. Due to the full range of services and low cost, Hostinger is a very popular company among entrepreneurs.

The service began its work in 2004 when it started providing free hosting services. Today, it is one of the largest providers and domain registrars. According to various sources, about 29 million people use it to host their online projects. The service is available in almost 180 countries in many popular languages.

In addition to fast domain registration and website creation, the company’s services are of excellent quality. The average uptime is 99.9%, and sometimes it reaches 100%. Yes, some competitors provide the better performance, but the cost of their services is much higher than Hostinger’s.

In addition to traditional means of payment, like a bank card or PayPal, you can pay for Hostinger’s services with Bitcoin. This in many cases will help you to keep your anonymity when buying a domain name.

On top of that, if you are not satisfied with the service, you can return your funds within 30 days – although I don’t see this happening.. (considering what their clients say)

hostinger reviews

Another important feature is that they offer 24-hour technical support. In this regard, Hostinger is not ideal, because you can not communicate with them via chat or by phone. The only option is the contact form on their site.

Visit Hostinger


5. HostSailor

host sailor reviews and ratings

HostSailor is a relatively new technology services provider. HostSailor was founded in 2014. Their headquarters is in the Burj Khalifa Tower in Dubai. The company’s short lifespan did not stop them from building a large customer database and to evolve into a hosting provider powerhouse mainly because of their awesome services, low prices, and outstanding support.

PRO’s at a Glance..

  • Raving Reviews on all Review Platforms
  • Low Prices on Domain Registration
  • Great Customer Support

And don’t take my word for it. Check some of these raving reviews from Trustpilot from real people who trusted them by purchasing their services.

HostSailor Reviews
Source: Trustpilot

HostSailor accepts Bitcoin and Litecoin as payments for their services so this is a huge thumbs up for the crypto-community.

Although their core business is hosting they do put a lot of effort into their domain registration service as well and this is why we recommend them. (Check our HostSailor Review)

Visit HostSailor


6. HawkHost

hawkhost - Domain Registrars that accept bitcoin
source: HostAdvice

HawkHost is a Canadian Hosting provider who began offering its services in 2004. For 14 years it has become one of the largest hosting providers and domain registrars in the world.

PRO’s at a Glance..

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  • Reasonable Domain Charges
  • Trusted Merchant to work with

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Their core business is hosting but they offer domain registration to supplement their services. Again, we suggest registering your domains with companies that offer domain registration as their core business.

If you are going to buy hosting from them and you prefer to keep have your domain and hosting in one account, then go for it.

To pay for services, you can use bank cards, as well as buy domain names with Bitcoin and Bitcoin Cash.

HawkHost offers its customers an uptime of 99.9%. If the indicator falls lower, you will be paid a refund. The longer is the downtime, the greater is the compensation. Is this a good deal or what?

Visit HawkHost


7. Bitdomain

bitdomain.biz - Domain Registrars That Accept Bitcoin
source: bitdomain.biz

The uniqueness of Bitdomain is that it is the only which accepts exclusively the cryptocurrencies. Yes, you can see the prices in dollars, euros, rubles and other currencies but you only buy domains with Bitcoin and other altcoins like blackcoin, potcoin, dogecoin, ethereum classic and many other.

PRO’s at a Glance..

[su_note note_color=”#DAF7A6″][su_list icon=”icon: plus-circle” icon_color=”#179424″]

  • Ideal for people who want to remain anonymous
  • Cheap Domain Registration

[/su_list][/su_note]

Thanks to the CoinPayments platform, you can use almost any alternative currency.

It is noteworthy that on the official website all prices are quoted in Bitcoins. If this is uncomfortable for you, choose one of the popular traditional currencies from the list.

This service is an ideal choice for anyone who wants to remain anonymous and confidential when buying a domain and making transactions. This allows you not to specify too much personal data.

Another advantage of the service is that you do not receive advertising messages. Since you do not specify an email address, this allows you to protect your domain from fraudulent activities. Often this allows you to bypass the government restrictions.

Besides the domain registration, Bitdomain provides web hosting services and email hosting. In addition to registering a new address, you can easily transfer the domain from another platform, as well as extend its validity.

The prices are quite democratic. The minimum price for domain registration is BTC 0.0009. There is an opportunity to buy a domain for a period of 1, 2, 3, 5 and 10 years. The longer the subscription period, the cheaper is the price for each year.

Visit Bitdomain


8. Gandi

gandi.net domain registrars that accept bitcoin

A French company that provides hosting and domain registration services. Gandi works with a large number of small and large enterprises. Gandi was one of the first companies in the European market, starting its work in 1999.  Also, the company was one of the first to receive ICANN approval.

PRO’s at a Glance..

[su_note note_color=”#DAF7A6″][su_list icon=”icon: plus-circle” icon_color=”#179424″]

  • Free SSL Certificate for 1 Year with every domain registration
  • They have over 700+ domain extensions available for registration
  • An Outstanding Customer Support

[/su_list][/su_note]

One of the main Gandi advantages is their no-bullshit (that’s their trademark btw) 100% human support. The support team consists of hundreds of people so that any question could be solved in a few minutes. Support is available via e-mail or through a form on the site, as well as by telephone.

Gandi allows you to register a domain name in other languages than the Latin alphabet.

Except for the traditional bank card and PayPal, you can buy domains from them using Bitcoin.

Visit Gandi

9. Netcetera

netcetera logo with review from trustpilot

Netcetera is a company registered in the United Kingdom. It was founded in 1996. For more than 20 years, the company has been able to become one of the leaders not only in Britain but throughout Europe. Their Data centers are located on the Isle of Man and provide uninterrupted work with 100% uptime.

PRO’s at a Glance..

[su_note note_color=”#DAF7A6″][su_list icon=”icon: plus-circle” icon_color=”#179424″]

  • Trusted Top Domain Registrar
  • Raving Reviews
  • Cheap .co.uk Domains
  • Free Domain Parking

[/su_list][/su_note]

The company provides a full range of services for creating a website. Of course, you can register, renew or transfer domain names.

As for payment methods, you can use a bank card, PayPal, bank transfer, and Bitcoin.

Visit Netcetera


10. HostWinds

hostwinds logo - domain registrars that accept bitcoin

An excellent hosting provider and domain registrar offering services to any company. It has been operating on the market since 2010. During this time, it has proved itself as a reliable partner.

PRO’s at a Glance..

[su_note note_color=”#DAF7A6″][su_list icon=”icon: plus-circle” icon_color=”#179424″]

  • Trusted Business

[/su_list][/su_note]

HostWinds gives a wide range of services from hosting and dedicated servers to domain registration and management. With it, you can both purchase a new domain, and extend or transfer existing ones.

All data is stored in a very reliable data center with constant power and reliable Internet connection. Also, you can rely on quick and friendly technical support.

Among the various available payment methods, HostWinds accepts Bitcoin. You can use it to purchase any of their services.

Customer support is available around the clock, 24/7. You can contact them by email, via online chat or by phone. In general, support responds promptly, usually, in a few minutes.

Their main service though is hosting. Not Domain Registration. If you are going to buy a domain name using bitcoin, we suggest using other domain registrars from this list.

Visit HostWinds


There are many more domain registrars that accept Bitcoin and other cryptocurrencies on the world wide web. However, not all of them provide high-quality services and – honestly – we can’t list them all in this section.

Nevertheless, we are sure you’ll find a domain registrar to start your new project. By the way, if you know other Domain Registrars That Accept Bitcoin feel free to add them via the comments section below and we will evaluate them. Maybe we will add them to the list.


Other Domain Registrars That Accept Bitcoin

Below is a list of other domain registrars that accept bitcoin (or cryptocurrencies in general). These companies may not fall in our Top 10 list, but we are adding them to make this article more complete.

Note that from time to time, some companies from our top 10 list of domain registrars that accept bitcoin my “fall” to this section – if we decide that they do not deserve to appear on our Top 10 list.

  1. iDotz.net – Idotz offers cheap domain names like .com, .la (Los Angeles), .rock, emoji domains and other creative domain extensions. It accepts Bitcoin.
  2. Cinfu.com – A hosting and domain registration company based in Seychelles. Their website looks pretty old and it doe’s not “inspire” trust. It has an average review score (2.8/5) from bitrust.org. It accepts Bitcoin, Litecoin, Ethereum, Dogecoin, Namecoin, Monero, and Dash.
  3. Domains4Bitcoins.com – A hosting domain registration company that clearly accepts bitcoin as payment. It has an average review score (2.5/5) from bitrust.org
  4. EasyDNS.com – They offer Hosting and Domain Services. They accept Litecoin (for sure), and they claim that they know who is Satoshi Nakamoto. They have an average rating (6.4/10) from hosting.review.
  5. Qhoster.comQhoster is primarily a hosting company but you can use register a domain with them as well. Both Services can be obtained by paying with bitcoin. Qhoster is been online for fifteen years. They have been offering their services since 2004. Qhoster is not on our list with the top 10 domain registrars that accept bitcoin because they have really bad reviews on Trustpilot (1.5/10 rating).
  6. WPHostsell.comWPHostsell is a domain registrar based in Bangladesh. They claim (Yes, ”claim”) that they accept bitcoin. Their website looks kinda spammy. It redirects you to other websites. I wouldn’t recommend them at this point.
  7. njalla.com – Njalla is a Swedish Domain Registration company that dubs itself as a ”privacy-aware domain service”. They accept many of the popular cryptocurrencies such as bitcoin, litecoin, monero, zcash, dash and bitcoin cash. The funny thing is that, on their website, they say that when you buy a domain name from them, they own it for you… I know, why should I buy a domain name and someone else owns it. For privacy? I’d rather find another method to help my privacy issues.

I hope you enjoyed our list with the Top 10 Domain Registrars That Accept Bitcoin. If you did, share it with the crypto-community. Also, if you know any other Domain Registrars That Accept Bitcoin and are not listed here, drop us a line via the comments section below and we will review it.

BlockFi Review: Is BlockFi Lending Safe

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Welcome to our BlockFi Review. You can now access the value of your crypto assets without cashing them in. If you want to learn what is Blockfi and how to get a crypto loan then read on.

With so much volatility in the crypto market, you may be hesitant to sell your coins — even if you could use the money. After all, you’d lose out on huge earnings if their value shoots up after offloading your accounts. And it can be expensive to get back into the game.

BlockFi offers a solution: Personal loans backed by bitcoin, Ether or Litecoin. But like anything involving crypto, it’s not without risk.

BlockFi Review – Table of Contents

  • Product Name: BlockFi Loan
  • Interest Rate: Fixed
  • Maximum Loan Term: 1 year
  • Requirements: Have $6,000+ in cryptocurrency, have no recent bankruptcies and live in an eligible state

What makes BlockFi Lending unique?

New York-based BlockFi is a pioneer of crypto-backed lending. Its cryptocurrency loans are available to all credit types, and other factors like your income and monthly debt obligations don’t come into play when you apply. Instead, it more heavily considers the value of your crypto assets.

Because cryptocurrency is so volatile, the loan works differently from other types of secured financing. For one, the maximum loan-to-value ratio (LTV) is much lower. And if the value of your cryptocurrency drops by 50% at any point after you take out your loan, you must either post more collateral or pay off your loan within 72 hours.

BlockFi Review
BlockFi’s Homepage

What is a BlockFi cryptocurrency loan?

A BlockFi cryptocurrency loan is a type of asset-backed financing for people who own at least $6,000 in Bitcoin, Ether or Litecoin and want to access its dollar value. Loan amounts start at $2,000 and go as high as $10,000,000, though borrowers must stay below an LTV of 35%. Rates typically run from 10% to 13% APR.

How it Blockfi Lending Works

You’re required to make payments on interest for 1 year. After the year is up, you can either choose to refinance the loan at the same rates or pay off the principal in one lump sum. Refinancing works a lot like renewing or rolling over a loan — and it can be expensive.

Interest-only repayments might sound affordable, but you’ll end up paying more in the long run. That’s because your loan balance never decreases while you’re paying off your loan, and your interest payments are based on your balance. However, there’s no prepayment penalty, so you can technically repay the principal and interest at any time.

BlockFi Pros and Cons

PROS

  • Large loan amounts. You can borrow up to $10,000,000 as long as you have the bitcoin, Ether or Litecoin to back it.
  • No taxes on cryptocurrency. The IRS treats cryptocurrency as an investment, which means you pay income taxes on it when you cash out. BlockFi’s cryptocurrency loan helps you avoid these taxes.
  • All credit types welcome. In fact, BlockFi doesn’t look at your credit score when you apply.
  • No income requirements. You don’t need a steady full-time job to get a BlockFi loan.
  • Flexible repayments. BlockFi’s interest-only repayments are ideal if your money is tied up in other projects that you expect to cash in on within a year.

CONS

  • It can be risky. The value of cryptocurrencies can drop at a moment’s notice. Unless you back up your loan with other assets or can afford to pay it off at any time, you’ll default if bitcoin has a bad day.
  • Interest-only payments are standard. It’s more expensive than principal-and-interest repayments, which you must go out of your way to make.
  • There’s an option to renew. You can put off your full repayment by renewing, but it’s an easy way to rack up the cost of your loan — especially if you’re not making payments on your loan principal.
  • Low LTV ratio. You can borrow a maximum of 35% of your cryptocurrency’s value.
  • Not available in all states. BlockFi isn’t available in Nevada, South Dakota, Vermont or Hawaii as of October 2018.

What do borrowers say about BlockFi?

Nothing yet as of today. This isn’t a surprise, given that BlockFi is a startup offering a niche product. It doesn’t have a page on the Better Business Bureau website. And while it has a page on Trustpilot, it has only one customer review only.

Right now, BlockFi is a rapidly expanding company. If you’re interested in a lender that’s tried and true, you might want to look elsewhere.

Am I eligible?

To be eligible for a cryptocurrency loan through BlockFi, you must:

  • Have at least $6,000 in cryptocurrency. BlockFi can work with bitcoin, Ether or Litecoin.
  • Have no recent bankruptcies. You could have trouble qualifying if you’ve had a bankruptcy in the past seven years.
  • Live in an eligible state. Currently, BlockFi doesn’t offer loans to residents of Hawaii, Vermont, Nevada or South Dakota.

How do I apply?

Complete the application online in just a few minutes:

  1. Go to the BlockFi website and click Apply Now.
  2. Enter your name and contact information. Then click Continue.
  3. BlockFi texts a verification code to your phone. Enter the code to activate your account.
  4. Select the type of cryptocurrency you’d like to work with: bitcoin, Ether or Litecoin.
  5. Enter a loan amount of up to 35% of the current value of your cryptocurrency.
  6. Select the source of the cryptocurrency you plan on using as collateral and how you plan to use the funds. Click Last Step.
  7. Enter your birthday and Social Security number to confirm your identity. Then click Submit.

BlockFi gets back to you with a decision within 24 hours. It might ask for more information, including your wallet public key or bank details. If you’re approved, you review your offer and sign your loan agreement.

Before you get your funds, BlockFi requires you to send your crypto assets to a secure storage wallet run by the third-party company Gemini. After your money is safely in the third-party wallet, BlockFi transfers your loan funds to your bank account. You can get your money as fast as the same day you’re approved.

I got a loan from BlockFi. Now what?

While you’re only required to repay interest on your loan for the next 1 year, that doesn’t mean you should. To avoid extra interest and a large one-time repayment at the end of your term, try to make regular repayments on your loan principal. Figure out how much you’d pay each month on a traditional personal loan with our monthly repayment calculator.

If after a year’s time you can’t afford the full principal repayment, you have the option of refinancing at your previous loan’s rates and terms. While this gives you more time to pay off your loan, it also significantly increases its cost.

Carefully watch the value of your cryptocurrency. If it decreases by 50% or more from its value when you first took out the loan, BlockFi requires you to secure your loan with additional collateral or fully repay what you owe within 72 hours.

Reach out to customer service if you think you might have trouble making repayments.

Bottom line

BlockFi offers a unique way to access the value of your cryptocurrency without having to cash it in or pay income tax. Its rates are competitive, and repayment options flexible. But you could be forced to repay your loan within three days if the value of your coin crashes. It’s also a new company, leaving you with few customer experiences to weigh into your decision.

We hope you enjoyed our BlockFi review. If you tried BlockFi Lending let us know your thoughts in the comments section below.

Source

Best Safe Bitcoin Casinos You Should Know About

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Looking for the Best Safe Bitcoin Casinos? Well, continue reading as you are about to find out our TOP 6 Sagest Bitcoin Casinos.

As it is with any business, many casinos have sought to provide their clients with remarkable customer experience, and it includes flexible and efficient payment methods. Conventional payment methods have been fairly efficient in facilitating transactions between casinos and players. However, Bitcoin has brought a whole new array of benefits that traditional payment methods couldn’t offer.

In this regard, a number of established casinos have embraced the new payment system, serving their customers with extra flexibility. Here are some of the most popular casinos that accept Bitcoin payments:

Best Safe Bitcoin Casinos – Table of Contents

The Bitcoin payment system has revolutionized the online betting space, as players are now able to send payments from anywhere around the world safely and securely. Besides, this payment method has facilitated the elimination of intermediaries, therefore, minimizing the transaction cost for both casinos and customers. Let’s have a look at the six reliable casinos that accept Bitcoin in detail.

Lucky Club Casino

Best Safe Bitcoin Casinos - Lucky Club Casino
Lucky Club Casino

One of the casinos that accept Bitcoin, Lucky Club Casino has been around for over a decade since its launch in 2008. It has dependable and prompt payment processing that proved to be a key element to the success of a casino.

Noteworthy, Lucky Club Casino has trusted management and bountiful jackpot offers. While the casino has an array of latest slot machines, it is somewhat behind when it comes to non-slot games, although it only has a numbered selection of such games.

Lucky Club Casino offers Bitcoin payment as one of the options. It allows the casino to serve individuals who would have a preference for not using conventional payment methods.

Casino Brango

Brango Casino Homepage
Brango Casino Homepage

Casino Brango, a new entrant of the market launched in 2017, is a reputable online casino that can be accessed on both mobile devices and PCs. The casino has a sizable collection of both slot and non-slot games and also offers generous progressive jackpots.

Casino Brango supports instant Bitcoin transactions for both American and non-American citizens. However, when it comes to payments, it is worth noting that this casino has weekly withdrawal caps.

Nonetheless, Casino Brango has quickly gained a good reputation based on the excellent customer service it offers. The support service is reliable, as the staff can be reached via phone round the clock.

Intertops Casino

Intertops Casino Homepage
Intertops Casino Homepage

Established in 1998, Intertops Casino is one of the oldest online casinos around. It is a reputable service that has a wide selection of progressive jackpots and games. One unique factor of this casino is that it performs and publishes payout audits periodically.

Customers can deposit and receive payouts in the form of Bitcoin, as the casino offers a cryptocurrency payment method option. Additionally, it has a reliable customer support system, and players can engage with support staff via phone or live chat on the website.

Ignition Casino

Ignition Casino Homepage - Best Safe Bitcoin Casinos
Ignition Casino Homepage

Despite being a relatively new representative on the American gambling stage, Ignition Casino has grown to win the trust of many online gambling enthusiasts. It was launched in 2016 and has progressively made a name for itself on this market.

This casino has a modern look and an efficient platform, thanks to the functional and well-made website design. According to OnlineCasinoGems, Ignition Casino is tailored to foster a convenient customer experience, as it not only has cool visual cues but is also fast and easy to navigate.

In a bid to offer customers extra flexibility when it comes to payments, Ignition Casino accepts Bitcoin. It makes it possible for casino enthusiasts to play their favorite games by breaking the geographical barrier.

Also, the casino’s licensing by the Kahnawake Gaming Commission is a factor that has contributed to its ever-enlarging customer base, as gamers have gotten to trust the platform. Additionally, Ignition Casino offers a wide array of games, and their game developers are constantly working on improving the site and ensuring there’s something for everyone. Some of the games offered as for now include Baccarat, Slots, Roulette, Bingo Blackjack, Keno, among others.  

Casino Extreme

Casino Extreme Homepage
Casino Extreme Homepage

This casino has been around for quite some time and was launched back in 2000. Casino Extreme is one of the services that has flowed with changes in technology over the years, always seeking to improve services and customer experience.

The site can be characterized by a cool-looking interface that is easy to navigate. The visual elements give visitors an easy time locating various items and commands of their interest. Worth mentioning, the website is commendably fast and is compatible with both mobile and desktop platforms.

When it comes to payment convenience, Casino Extreme accepts Bitcoin, therefore, serving its customers with extra flexibility on payment needs. According to Forbes, digital currencies allowed a great step forward to quick and convenient payment operations.

A player can deposit and withdraw Bitcoin from their casino account instantly. Besides offering a variety of games, Casino Extreme also has responsive customer support that is available round the clock.

Casino Max

Casino Max - Bitcoin Casino - Homepage
Casino Max – Bitcoin Casino – Homepage

Casino Max is a new player in the online casino space, but the one that has been able to quickly learn the rules of the game and carve a niche for itself on the market. Its website boasts of having an experienced management team that comes as the fueling factor for its success.

Casino Max accepts Bitcoin for both deposits and withdrawals and offers fast payouts for its American customer base. One of the reasons for its popularity among gambling enthusiasts is the selection of modern RTG slot machines and bounty jackpots.

The site and game developers have done an impressive job on the interface design of the site. According to Forbes, a great UI/UX design is the best way to offer visitors a comfortable and remarkable experience on the website.

The Convenience of Bitcoin Payment

Bitcoin as a payment form has brought convenience in the gambling space both for casinos and players. Individuals are nowadays able to make deposits and withdrawals from anywhere around the world.

I hope you enjoyed our Best Safe Bitcoin Casinos List. Do you have a Safe Bitcoin Casino that it is not on this list? Share your thoughts in the comments section below.

Why Are Crypto Entrepreneurs Investing In The CBD Industry

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The short answer is that there are numerous similarities between the two industries. It is true when you consider the speed with which the CBD market is sweeping the nation, it conjures up memories of the same sort of activity when cryptocurrencies became the newest trend out there. However, the crossover between CBD and crypto will most certainly benefit both industries and this is a look at why that is.

Some of the Similarities

There was a time when Bitcoin and all cryptocurrencies were viewed as a payment format that had underworld ties. It was the type of currency that had connections to drug dealers, computer hackers, and various other undesirables. However, cryptocurrency trading – and the profits being made from it by businessmen of all walks of life – changed that. It wasn’t soon after that Bitcoin became accepted as a legitimate form of digital currency.

The CBD market has been experiencing much of the same response. A great deal of misunderstanding and confusion has caused CBD to be considered a treatment that could rid you of all kinds of pain but would also get you high. In reality, CBD comes from the hemp plant and not the marijuana plant. THC is the main component of marijuana and that has the psychoactive properties that are not present in CBD, they are two different things.

However, the many health benefits that are being connected to CBD and the various formats it is becoming available in, have launched the product’s growth. Add to this the relaxed laws regulating it – thirty-three states in the US have permitted recreational or medicinal marijuana use – and you have the makings of a trend that will continue to snowball well into the future. But this is far more than a trend, CBD is an alternative treatment for most.

Big Names Get Involved

The two industries have big names involved that have helped to shape both markets. In crypto, Facebook’s Mark Zuckerberg and his launch of Libra shifted a great deal of attention to digital currency. TRON’s Justin Sun, podcaster Peter McCormack, Bitcoin SV’s Craig Wright, Coinbase’s Brian Armstrong, and Binance CEO Changpeng Zhao all have impacted the crypto universe in a very positive way that has brought cryptocurrencies legitimacy.

As for the cannabis industry, there has also been plenty of A-Listers involved in the development, production, and promotion of cannabis products. They include such individuals as country music’s Willie Nelson, rappers Wiz Khalifa and Master P, hip-hopper Snoop Dogg, and comedian Tommy Chong. Retired professional athletes including NBA star Cliff Robinson and NFL player Ricky Williams and stars Whoopi Goldberg and Montel Williams.

The Research Hurdle

You could say that uncertainty has been another of the similarities linking crypto and the cannabis markets. As for crypto, the main hurdle related to this is wide-spread acceptance. However, there are more places where payment options include Bitcoin. As for CBD, the uncertainty revolves around a lack of scientific evidence backing the many claims of health benefits. As time passes, more studies will be conducted verifying these claims.

Various Levels of Quality

Although there are hundreds of different cryptocurrencies in existence, they all have different values. A comparison of that in the cannabis industry is that many different types of cannabis products are available in the marketplace. The quality of these products is determined by several factors ranging from how the CBD oil was extracted, where the cannabis plants were grown, how the CBD vape cartridge was manufactured, and what concentration of CBD was in the hemp plant in the first place.

The Crypto/Cannabis Combo

Probably to most telling of the links between the crypto world and the cannabis industry is the cryptocurrencies that are circulating and are cannabis-focused. They include the following:

PotCoin (POT)

This was the first cannabis cryptocurrency which first came to light in 2014. You can even visit a PotCoin ATM in Colorado, where a number of the machines exist. PotCoin has had increasing growth spurts – usually initiated by high-visibility promotion such as pro-basketball player Dennis Rodman wearing a PotCoin.com t-shirt at the US-Korea summit.

HempCoin (THC)

This cryptocurrency was born in 2014 to facilitate the purchase of farming supplies in bulk. It has expanded to include the entire agriculture industry which spans from tobacco to cannabis and hemp.

ParagonSpace (PRG)

This cryptocurrency is a bit of a variation on a theme. Instead of being used to purchase cannabis products, it is intended to be used to assist cannabis businesses to grow. 

Tokes (TKS)

The goal of this particular cryptocurrency is to shift the entire cannabis supply chain and transactions with customers away from cash. 

DopeCoin (DOPE)

Started in 2014, this digital coin was revamped in early 2017 as DopeCoinGold. The objective with this cryptocurrency is to give people a way to make their cannabis purchases – legal or otherwise – without transaction fees.

CannabisCoin (CANN), GanjaCoin (MRJA), Growers International (GRWI), KushCoin (KUSH), GreenMed (GRMD), CannaCoin (CCN), Sativacoin (STV), Cannation (CNNC), and Bongger (BGR) are a few more of the cannabis-based cryptocurrencies that are currently being traded on the crypto market. Although not all of them will stand the test of time, the number of new cannabis digital coins that are being launched should be a sign of the times to come.

Conclusion

The next few years are going to be crucial for both the crypto and CBD industries. From the current status of both, the atmosphere looks good for both to experience continued growth and success. With the ongoing push to seek and use alternative treatments for many common health issues such as pain, anxiety, and stress, the CBD oil market will take hold very soon. Add to this the desire to move away from cash to a cashless society, with the increased security that blockchain provides, cryptocurrencies are not going to disappear anytime soon. So it is obvious to see that both of these industries will continue to form a strong and healthy connection from this day forward.

How The Bitcoin Industry Is Shaping The CBD Industry

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It may sound as if these two industries are from two different ends of the spectrum, but in reality, they are very similar. Regulations controlling the cannabis industry are relaxing and opening the doors to various entrepreneurial opportunities. Considering that cannabis products are becoming more mainstream and have several scientific studies verifying the many benefits of CBD, it should be no surprise that the worlds of cannabis and cryptocurrency are going to connect.

The Attraction

The same kind of people who are attracted to the CBD market are also the same type of individuals who are attracted to the cryptocurrency market. Both markets still have a great deal of confusion and hysteria connected to them. For CBD, the confusion comes from the misunderstanding that the cannabis family of plants includes marijuana and hemp plants. One can get you high and the other can’t and CBD is sort of a decaffeinated version of THC. THC comes from marijuana and contains the psychoactive properties that produce a high. CBD comes from the hemp plant and does not have psychoactive properties. 

The hysteria surrounding the cannabis market comes from the many health benefits that have been associated with the ingestion of CBD. There’s also considerable hype regarding the many different forms that CBD is available to the average consumer. From CBD oil and gummies to topical creams and gels and vaping cartridges, CBD can be delivered into the system fast or over a period of time. 

As for the cryptocurrency market, the confusion comes from the fact that there are now so many different digital currencies out there. Much like the word ‘Kleenex’ becoming the generic term to describe various brands of facial tissue, the best known of the cryptocurrencies – Bitcoin – has become the term used when references any form of cryptocurrency.

Looking at the hysteria that sometimes grips cryptocurrency, there is a lot of activity happening daily on the crypto trading market. Mining cryptocurrency has become an industry of its own as society slowly gets used to the idea that one day – maybe in the very near future – there will no longer be a need for cash. Instead, all our retail purchases, bill paying and entertainment needs will be paid with Bitcoins or some other cryptocurrency. Just like your credit or debit card, your cryptocurrency digital wallet will hold all your assets.

The Market Growth Factor

There is no denying that both the CBD and cryptocurrency markets are on growth curves. In the past couple of years, there has been substantial growth which has brought significant attention to each industry. The CBD market is expected to go through the rapid growth that Bitcoin experienced before cannabis became more mainstream. The numbers are astronomical but show a great deal of promise and faith regarding the direction of cannabis and the way the market may be shaped in the future.

Predictions put the CBD oil market at a value of $22-billion as the year 2020 continues. It is not only outpacing all other cannabis markets, but it is also being driven primarily by the legalization of the product. Currently, in the United States, there are a total of thirty-three states that have legalized it for either recreational or medicinal use. As a result, consumers are finding access to CBD oil products increasing as pharmacies, privately-owned dispensaries, and other retail outlets are surfacing all over the place.

With the removal of CBD and other low-THC cannabis products from the federal Controlled Substances Act – thanks to the 2018 Farm Bill – these products are not only easier to locate but they have been discovered by many more consumers. Their discoveries are being fueled by the amount of information floating around the internet and through mainstream media that have pointed to the many different health and wellness benefits that are part of CBD.

How CBD Compliments Crypto

The relationship between CBD and crypto is best explained by examining the complicated connection between the crypto world and wellness. Health startups are exploding and that comes from entrepreneurs seeking new ways to increase the efficiency of the worldwide healthcare system through technology. Silicon Valley is the center of both the crypto and technology universes.

However, the culture of Silicon Valley is a tough one to live in. Stress, unrealistic workloads, and burnout are commonplace.

This may be why crypto entrepreneurs are becoming attracted to CBD – to assist with the treatment of stress, anxiety and other symptoms that come from too much work and not enough play. Add to this the increasing amount of distrust aimed at the pharmaceutical industry due to the opioid crisis and plant-based treatments such as CBD oil products become a logical fit. Plus, because CBD-as-a-treatment is the equivalent to crypto and tech startup successes in the vein of seeking solutions that are anything more than traditional and you start to get the idea.

The Similarities Between Cryptocurrencies and CBD

Both industries have had explosive growth. Both are becoming mainstream players in their respective worlds. Both are still struggling with regulators for mass appeal. However, some barriers are either coming down or are not as difficult to navigate as they once were. Ultimately, the benefits of both the business and consumer markets make crypto and CBD natural options that are going to continue to evolve until they are considered the norm as opposed to being the exception.

Conclusion

We are in a very different world these days. The way we treat certain health concerns has been changing over the past few decades to where supplementation is not an unusual remedy. This has paved the way to assist the cannabis market to gain access to the mainstream. How we pay bills and buy things changed decades ago with debit cards, credit cards, and online banking. This opened the doors for digital monies such as Bitcoin. Cryptocurrencies are increasing in numbers as well as value and have changed the way we spend. It has also helped tremendously in shaping the CBD industry to what it is now and what it can soon become.

Trezor One Wallet Review

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This is our Trezor One Wallet Review. The Trezor One hardware wallet recently earned a 23 percent price drop, so we thought we’d take a look at one and see what a mere €69 buys you.

Trezor One Wallet Review – Table of Contents

Low Pricing

The Trezor One hardware wallet has been around since 2013, helping crypto hodlers protect their assets in a safe, offline environment. On September 21st, SatoshiLabs announced the original bitcoin hardware wallet would be discounted by 23 percent.

As part of a celebration of their five-year anniversary and as a way to market the trailblazing wallet to newcomers to cryptocurrency, Trezor One’s price drop marks a new era for the company; now offering a premium model, the recently released Trezor T, and the Trezor One. Let’s look at the Trezor One.

Build for Security

The Trezor One hardware wallet was built with security in mind. Keep your private keys in an offline environment, and your coins can’t get stolen. The Prague-based SatoshiLabs’ original wallet has both CE and RoHS-certified safety certifications, and a 120MHz embedded ARM Cortex M3 processor inside.

Trezor One Wallet Review
Trezor One Hardware Wallet is built with security in mind.

Designed for Simplicity

Its most prominent feature is its simplicity of use. With a display large enough to hold six lines of text–enough to include all the information you’d need to verify a transaction–it is operated by two buttons.

More than 1000 coins supported

The Trezor One hardware wallet supports more than 1000 coins, notably bitcoin, litecoin, Ethereum, Dash, Zcash, NEM, and all ERC20 tokens. It also supports bitcoin cash, a technical challenge for the company in itself. Unlike Ledger Hardware Wallet, Trezor can accommodate as many coins as you want at the same time, without the need to remove and re-add apps.

Frustration-Free Packaging

This may sound uncommon for a hardware wallet review, but what I found most impressive about the Trezor One was the way it was delivered. Amazon created “frustration-free packaging” to reduce packaging and make getting items out of packaging easy. Possibly in response to the infamous Curb Your Enthusiasm debacle Larry David strolled us through.

SatoshiLabs does not believe in frustration-free packaging. In fact, they appear more committed to frustration-guaranteed packaging. The cardboard box the Trezor One comes in is wrapped in plastic. It is then hologram sealed at two ends. And each of the four edges of the box is glued together. There is no getting inside that thing without tearing it apart, Larry David style.

In what might seem a juvenile observation, nothing tells me that what I just bought has not tampered with more than the fact that it is probably easier to cross the DMZ and not get shot than it is to wrangle the Trezor One out of its receptacle.

Features Review

  • Design elegance – 91%
  • Ease of use – 97%
  • Price – 99%
  • Security – 95%
  • Recommendability – 97%

How about you? Are you a Trezor One hardware wallet fan? No problem if not. But, if you enjoyed our Trezor One Wallet Review consider sharing it with the crypto-community. It is like thank you for us.

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Edge Crypto Wallet Review: Over 30 cryptos supported

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Welcome to our Edge Crypto Wallet Review. We put the Edge Mobile Wallet to the test and we are presenting you with what you need to know to make an informed decision – on whether to create an account or not. So, read on.

Edge Crypto Wallet Review

The Edge wallet is relatively feature-rich, especially for a wallet focusing on ease of use. Its foremost feature is its simple username and password login setup. This includes a 2FA and security question recovery setup, as well as seed words for individual wallets.

While a little different from most wallets, this setup is much more intuitive and accessible to regular users and is more familiar to users of banking apps and other current services. In a way, this achieves one of the biggest successes possible at this stage in cryptocurrency: good experience while giving the user full control over their funds at all times.

Supported Coins

In addition to Dash, the wallet supports the most prominent cryptocurrencies: Bitcoin (Segwit and normal), Bitcoin Cash, Ethereum, and Litecoin, as well as the Wings and Augur tokens. ShapeShift is supported in the app, meaning users can easily switch currencies for each other.

The wallet also supports displaying amounts in smaller denominations such as mDash, as well as categories and notes for individual transactions in order to keep streamlined bookkeeping. Unfortunately, the app doesn’t include InstantSend functionality, meaning the standard Dash wallets are more useful to those who don’t care as much about other coin support.

Supported Coins by Edge Wallet - Edge Wallet Review
Supported Coins by Edge Wallet – Edge Wallet Review

User Interface

  • Usability The usability of the wallet is very straightforward. All currently-used wallets are present on the main screen (with the option to add or remove depending on user preference), with individual balances displayed, as well as a wallet-wide balance. Access to individual wallets, sending, receiving, exchanging for other currencies is all within easy reach. All functions, including settings, are very intuitive, and all except more advanced services are protected by an easy four-digit pin. One of the least confusing wallets out there.
  • Design The wallet’s design is very clean and streamlined. It will look very familiar to old AirBitz users, with a couple of minor color scheme changes. Overall, the visual aspect of Edge is solid, however, there is some room for improvement. In many cases such as the wallets/request/send/exchange buttons on the bottom, and particularly for fees and notes written about transactions, the grey, small, thin font against a white background makes many important parts of the wallet very difficult to read, especially for those with less-than-ideal eyesight or in poor lighting will find it difficult to use the wallet. Larger, bolder, and more contrasting fonts would significantly improve user experience.

Security

As noted in the name, Edge Secure places an emphasis on security. It’s open-source and claims to vet by experts such as the Bitcoin Privacy Project. All private keys are stored locally, meaning only the end-user has access to the funds. The entire wallet is pin-protected, preventing balances from being easily viewed by another party, with password protection for editing sensitive account info.

Notably, all user account information is encrypted so that Edge itself has no knowledge or access to the information. Naturally, this poses a risk of loss of funds due to user error, however, Edge gives the user every opportunity to properly back up the wallet.

Support

So far, support for Edge seems solid. I haven’t had an issue to resolve yet so I haven’t been able to test the main support system. Instead, I asked a simple question via Twitter to the main account, tagging the community manager as well. Within 10 minutes I had a response:

This is usually a good metric for how well the rest of the support system works. Judging on the response time, I’m confident in being able to get a fast response.

Summary

  • Pros: Intuitive, multi-coin, easy and secure username/password setup.
  • Cons: Readability issues in some areas of the wallet, no InstantSend.

Our Edge Crypto Wallet Review has come to an end. We hope you enjoyed and be read to take an informed decision on whether creating an account or not. Feel free to share this Edge Wallet Review with your friends. It’s like saying thanks to the authors.

Math-Based Approaches To Win Slot Games

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If the 17th Century was the era of Blackjack, and 19th Century was the undisputed reign of Roulette then the 20th and 21st Centuries simply have to be part of the slot domination era, because there are hundreds of thousands, perhaps even millions, of gamblers now trying their luck on slots every single week.

And anyhow, is there really any surprise there? Especially when you consider the supreme quality of some of the games on the market these days, and, indeed, the fact that people can spin the reels from the comfort of their own home, and even on their smartphones on their morning commutes. Put simply, slots are everywhere in 2019, pretty good news for us avid gamblers, is it not? 

Well, it is the good news, of course, however, it can quickly turn into bad news when you start to inevitably lose some money. It cannot all be plain sailing in the slots universe, and as many experienced gamblers will tell you, there is always the possibility that you lose big, just as you might end up winning big – be careful.

It is this fact that has led to many people wondering what is the best way to ensure you are always winning at slots, and whilst there is no definitive answer to this question, there are certain things you can do to improve your chances.

At the end of the day, it is all about simple probability, so with this in mind, it makes sense to look at some math-based approaches to winning slot games. This is what this article will seek to lay out, as well as giving a brief overview of the importance of mathematics in gambling. Read ahead to find out more.

Math In Gambling 

Since even before the most rudimentary origins of gambling the basic principles of mathematics have always been a vital part of the practice. In fact, without mathematics gambling wouldn’t really exist, as in some way it is always about odds and probability, whatever game you are playing.

Ancient historians have discovered several bone remnants that look like early versions of gambling games such as craps, and they are all in agreement that constitutes evidence that gambling was around since way before the birth of Christ, for instance. 

And in order to gamble, you need to have a basic idea of some simple mathematical concepts such as addition, proving that these early games might have actually been incredibly beneficial for the brains of our early human cousins.

Regardless, one thing we can take from all of this is that gambling and mathematics have been wedded together from the very start, something that means a mathematical approach to these games can only go well. 

Mathematical Origins Of Slots 

Although Charles D. Fey, the inventor of the world’s first genuine slot machine, was more of a mechanical engineer, he still had to have a keep grasp of basic maths, otherwise, his machine wouldn’t have given out results that were nearly random enough.

In fact, slots just wouldn’t work without a focus on maths during their creation, or at least, they wouldn’t work to the required level to make them as popular as they are now. 

The emergence of video and online slots has made mathematics even more important to the industry because instead of using a purely mechanical framework, these things rely more than ever on complex computer software.

For instance, every single modern slot these days will have an RNG (Random Number Generator, something that ensures that the reels are always landing in random places. You just cannot get away from mathematics!

Know Your Odds 

By now it must be pretty evident that mathematics are incredibly important in the creation of slots machines, however, it is also incredibly important for us gamblers as well. One of the most basic things in the whole gambling industry is the presence of odds, and it is critical that you have a fundamental understanding of what this is as well, otherwise you could quickly get lost in a losing streak. 

Essentially, the odds of any gambling game, or bet for that matter, are designed to show you what the probability of a win is. More often than not the better the odds, the smaller the prize, hence giving people a reward for taking a risk. It is very important to keep this in mind whenever you gamble and to seek to find the odds for your chosen game as much as possible too. 

The Importance Of RTP 

Following our last point, RTP is something that all slot gamblers should certainly be aware of. It stands for Return To Player and is much like a more in-depth set of odds when playing on the slots. RTP is given as a percentage that indicates the average amount a player can expect to win back from his overall wager and is, therefore, a very useful piece of knowledge when choosing which slot game to try your luck on. 

We would suggest aiming for anything over 96%, whilst keeping away from any games that offer an RTP of below 94%. However, with that being said you must also remember that progressive jackpot slots (ones in which the overall jackpot is often jaw-droppingly big) will have a horrendous RTP, but this is offset by the chance to truly win big. 

Counting The Average Number Of Spins Before A Win 

One tactic that many online slot professionals have utilized over the years is completely based on mathematics. It works like this; for the first few spins of your chosen slot, you will have to count the number of spins between each win. After doing this several times you will have the necessary knowledge to work out an average number of spins between each win, and you can now use this to place your bets accordingly. 

Think about it: if you know that you are most likely to win on the 6th spin between each win you can place the most money on that spin. Easy!

StellarX Decentralized Exchange Review

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This week, Stellar launched its long-awaited StellarXdecentralized exchange. We gave StellarX a ride earlier this week, and we present our official StellarX Decentralized Exchange Review.

Stellarx offers trading of a range of assets including cryptocurrencies from multiple blockchains, using stellar lumens (XLM) as the base currency. The exchange differs significantly from existing decentralized offerings, which are limited to tokens pertaining to a single blockchain – usually Ethereum.

With Stellarx, however, users can trade BCH, BTC, USD, ETH and much more, but there’s a catch: non-native assets are represented as ‘tethers’.

StellarX Decentralized Exchange Review

Does Stellar’s New DEX Have the X Factor?

Stellarx Decentralized Exchange Review

On the face of it, Stellar is an odd cryptocurrency project to be championing decentralization. Founded by Jed McCaleb as a fork of his former project, Ripple, Stellar is in many respects as centralized as the coin its codebase derives from. Are We Decentralized Yet? scores Stellar’s XLM cryptocurrency low on various decentralization metrics, noting that the top 100 accounts hold 95% of the total supply, there is just one client codebase controlling nodes, and a mere 111 public nodes are operational. By any reckoning, that makes XLM a heavily centralized cryptocurrency, and yet in Stellarx, we have a candidate for one of the most innovative and user-friendly decentralized exchanges seen yet.

To all intents and purposes, Stellarx operates as a true DEX should: users retain sole custody of their funds, trades are executed against other users, and Stellarx has no access to funds.

Throw in the ability to trade non-native crypto assets such as BTC and BCH, plus the option of making fiat currency deposits, and Stellarx starts to sound more like a centralized exchange than a bare-bones DEX on a par with IDEX or Forkdelta.

There are some caveats that come with trading non-native Stellar assets, which we’ll get to shortly, but straight off the bat, Stellarx is more feature-rich than any of its counterparts.

Stellarx Decentralized Exchange interface screenshot

Trade Anything, Anywhere

“Any asset that is created on the Stellar network may theoretically be displayed, no matter whether it would be considered a currency, commodity, security, utility token, or other type of asset under your local applicable laws and regulations,” notes Stellarx in its Ts & Cs. “You are responsible for determining the legality of your transactions.” With each trade, the counterparty sends tokens directly to your Stellar wallet and vice-versa, ensuring that there is no custodial risk incurred. They explain:

On Stellarx, you can go US Dollars to Bitcoin to Chinese Yuan to Mobius from a single wallet. That’s not possible anywhere else.

StellarX Review – How To Sign Up

Upon visiting Stellarx for the first time, you’ll be prompted to sign up by submitting an email address and password. That’s the only verification you need to trade on the platform, which is pretty cool, as is the built-in password strength calculator:

A Review of the New Stellarx Decentralized Exchange

You’ll then be prompted to create a private key for the Stellar wallet that will be tied to your trading account and to make a note of the recovery phrase. At this stage, Stellarx bears many similarities to the Waves decentralized exchange. The trading interface you’ll next be shown, however, accompanied by a platform walk-through, is far slicker than anything that any rival DEX has produced to date.

A Review of the New Stellarx Decentralized Exchange

The first question that users navigating their way around Stellarx may have is how the exchange of cross-chain assets is made possible. This has hitherto been a tough nut to crack, with atomic swaps seen as the likeliest solution to what is a complex problem to solve in a trustless setting.

Stellar’s solution is surprisingly simple: the majority of the assets it offers are ‘tethers’ i.e tokenized representations. They explain: “They’re tied to either fiat like USD or to cryptocurrency from other chains, like Bitcoin and Ethereum. You can trade tethers like any other token, but you can also exchange them for the asset they’re tied to.”

So when you buy bitcoin cash or ethereum on Stellarx, what you’re really buying is a Stellar-issued token that represents that crypto. (The Waves DEX does something similar with ethereum, which is tradable on Waves despite operating on a different blockchain). On Stellarx, tokens are listed as either “fiat tethers”, “crypto tethers” or “native tokens”, the latter being native to the Stellar blockchain.

A Review of the New Stellarx Decentralized Exchange
The Stellarx bitcoin cash marketplace

Zero Fees and Human-Readable Addresses

In addition to boasting zero trading fees, Stellarx offers human-readable wallet addresses that comprise the email address you signed up with followed by “*stellarx.com”. Users who’ve no desire to publicly disclose their email address can use a non-identifiable public key instead.

Assets listed on Stellarx can be filtered by volume, price, name, issuer, and other variables. Before you can begin trading you’ll naturally need to deposit funds into your account. In addition to XLM, Stellarx accepts USD, implemented with the aid of Anchorusd.com. While KYC is required to use Anchor’s service, it’s nevertheless novel to see a DEX offer fiat deposits.

For users who don’t hold XLM, Changelly will provide crypto exchange
For users who don’t hold XLM, Changelly will provide crypto exchange

When it comes to withdrawing funds, there are two options: select another Stellar address or choose an off-chain account. If you’re holding ‘tethered’ funds such as BTC or BCH, you’ll need to visit the website of the issuer who offered the asset.

In the case of BTC, for example, that means visiting Naobtc and converting your Stellar BTC for real BTC, or with BCH it necessitates swapping tokens at Apay

Stellarx will soon support off-chain withdrawals in-app, making this process less convoluted. There’s still plenty of work to be done on improving the platform, adding more assets, and onboarding enough users to build sufficient liquidity. On early evidence, though, Stellarx has a lot going for it, forming a welcome addition to the decentralized exchange ecosystem.

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