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Swipe October 2020 Updates

Swipe October 2020 Updates

https://preview.redd.it/hst7htjbn4x51.jpg?width=1280&format=pjpg&auto=webp&s=4bd1c3374be47429ff1fe60abf46046dd845c493
At Swipe, the team always makes sure to listen to the voices of our users. In October, the team has announced various Swipe Improvement Proposals (SIP), product upgrades and migration, additional coin listings, and partnerships to make your cryptocurrency experience as easy as possible.
Swipe Verified Pages
Swipe’s Instagram, Facebook, and Telegram accounts are now officially verified. Make sure to follow only the official pages of Swipe to get the latest offers, news, product developments, and updates.
Also, please be reminded that Swipe has only two official channels:
T.me/SwipeWallet (verified)
T.me/Swipe (Announcement Channel)
Swipe Discord Channel
The team has officially opened a Discord channel to connect with users who have Discord accounts.
Swipe gave away a total of $1,000 in Swipe Token (SXP) to 10 random winners who joined the Discord channel and followed Swipe’s official Twitter account. The ten winners were announced last October 6 on Swipe’s Discord channel.
Updates on Swipe Cards & Migration
The Swipe Slate card is now upgraded to 8% cashback with $30,000 referral rewards activated immediately, same rebates, and on-chain staking rewards with governance. The monthly spending limit for Swipe Slate is also now upgraded to 50,000 Euros.
Other Swipe cards such as Saffron, Sky, and Steel will be migrated to the Binance card platform. Users of these cards will be able to use it and SXP lockups via their Binance account, including the migration of benefits and rebates.
SXP lock-up card tiers for Binance cards and Swipe cards ordered on Binance.com will be released soon to match up to existing benefits, perks, and rebates. Swipe Slate will remain on the Swipe Wallet platform for SXP Elite users.
This move shows Swipe’s commitment to push the Swipe Issuing platform products to businesses, like Binance, which will help the SXP deflationary ecosystem.
Swipe Improvement Proposals
Last of October, the Swipe team announced on its official channel the voting procedures for the Swipe Improvement Proposals (SIP) on Swipe Governance.
On October 5, Swipe announced the voting procedure for the Swipe Improvement Proposal 1 (SIP-1). Those who staked SXP can vote to upgrade the staking contract to add a reward claim period controlled by SXP holders. On October 8, the team announced that the SIP-1 has now passed with 3,456,709 $SXP staked for YES while 0 SXP for No.
SIP-3 was then made available on Swipe Governance last October 22. Staked $SXP can vote on upgrading the staking contract to add an unstake period for $SXP collateral. This proposed unstake contract upgrade enables a dynamic period in which new stakers have to wait to be able to remove their collateral from the network via a decentralized trustless system. On October 25, SIP-3 has been passed, with 5,283,856 $SXP staked for YES while 119,080 $SXP for NO.
This was followed by the announcement of the voting procedures for the SIP-4. Those who staked $SXP can vote in favor of, as well as against, the increase in the daily staking rewards for on-chain $SXP users securing the Swipe Network. However, SIP-4 had an issue in execution due to inadvertently adding a “space” in the proposal parameter, which throws a smart contract error. This was tested before deploying, and when it was copied, the space was accidentally added in.
The team re-proposes SIP-4 via SIP-5, which is now available on Swipe Governance. This proposal corrects the parameter with SIP-4.
View the details of the Swipe Governance Proposals here: https://app.swipe.org/dashboard
Coin Listings
Swipe has added several coin listings on its platform. Adding to its list of supported cryptocurrencies are Venus Protocol ($XVS), Near Protocol ($NEAR), Kusama ($KSM), Ocean Protocol ($OCEAN), Filecoin ($FIL), and $AAVE. Swipe users can now buy and sell these cryptocurrencies with credit/debit cards, instant exchange, and trading, and spend it using Swipe Visa cards.
Swipe Visa Fund Sources
Swipe Visa Cardholders can now select $BUSD and $USDT funding sources in the “Card” tab on Swipe Wallet mobile application. Use Swipe card and convert fiat in real-time and earn up to 8% cashback and top brand rebates.
Swipe Visa Cards in US
Swipe Visa Cards are now available in the United States (excluding New York) with invites already rolled out last October 9.
Virtual Cards will be issued with Apple Pay, Google Pay, and Samsung Pay enabled. Physical cards will be shipped soon. Users can now finish their Social Security Number (SSN) verification to receive the Virtual Card. Physical cards will be linked and will activate your Digital Checking account.
The team also announced its plans to launch and an enhanced cashback program in the region soon. Swipe Visa card US users can earn up to 20% additional cashback (on top of the up to 8% Bitcoin cashback offer) at participating top and local retailers.
SXP Wrapped in BSC
$SXP wrapped on BSC is coming. The team will enable fee-free wraps and launch cross-chain staking when this deploys. This will save users high fees and latency currently faced on Ethereum.
Swipe Slate Staking Rewards
Swipe has distributed the first week and second week of Swipe Slate on-chain staking rewards to Slate cardholders last October 13 and 20. Swipe Slate cards can be ordered with a 30,000 $SXP stake lock up, which includes 8% Cashback in BTC, top brand rebates, and on-chain staking rewards.
Find out all the details: swipe.io/cards
New Executive Appointments
Swipe announced this month its new executive appointments. Henry Niduaza is appointed as the new Chief Technology Officer, Michael Belisario as Chief Information Security Officer, and Caroline Santos as Chief Marketing Officer. The new appointments are another important step in Swipe’s growth strategy.
Chief Executive Officer (CEO) Joselito Lizarondo believes that this new corporate structure affirms Swipe’s commitment to strengthening and growth to best serve its clients at all stages of their cryptocurrency journey.
SXP/INR Trading
Swipe and Wazirx, a trusted Indian Crypto Exchange platform announced on October 20 that Wazirx traders can now buy, sell and trade $SXP in the Indian Rupee (INR) market of Wazirx.
Start trading today: https://wazirx.com/exchange/SXP-INR
SXP on SYRUP Pool
PancakeSwap is planning for SXP farming (100,000 SXP) for SYRUP stakers. It is the fifth Syrup pool project to be announced by PancakeSwap.
The SXP staking campaign will run for 200,000 BSC blocks from block 1582740 to 1782740 (approximately 6.5 days with a block time of 3 seconds), which means that there will be 0.5 SXP given out to SYRUP holders in each block.
BEP20 SXP will also be circulating and transferable on BSC when PancakeSwap starts the SYRUP pool, so users will be able to harvest your SXP tokens and trade on PancakeSwap at any time.
Also, earn $CAKE by being a liquidity provider for $SXP-BNB on Binance Smart Chain with double rewards for approximately seven days followed by 1x on-going. To wrap your $SXP from ERC20 to BEP20, just deposit $SXP into your Binance Account and withdraw via the Binance Smart Chain option. The Swipe Wallet app now supports BEP20 BSC deposits for all supported coins.
Simply use the same address you normally use to deposit ERC20 based supported cryptocurrencies to deposit Binance Smart Chain BEP20 based ones such as $SXP, ETH, etc.
Spend Fiat Using Swipe Visa Cards
On October 23, Swipe announced that Swipe Visa card holders can directly use fiat currency as their funding source. This three-month pilot program lets users spend USD, GBP and EUR while earning up to eight percent cashback in BTC, SXP or BNB.
🇺🇸 🇬🇧 🇪🇺 residents can order now 👉 sw.pe/Cards
$20K Weekly Buy Limit
Swipe Wallet verified app users can now enjoy double the weekly limits at $20,000 per week for Visa and MasterCard credit and debit card purchases that support 3D-Secure (3DS).
SwipeX
SwipeX is now ready and part one of SwipeX will be announced within this week.
SwipeX will build the foundation for what it states will be a drive to crypto finance forward. More details on SwipeX and part one to be announced. $SXP SXP
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Stay up-to-date with all the latest news from Swipe
Website: https://swipe.io
Twitter: https://twitter.com/SwipeWallet
Facebook: https://facebook.com/Swipe
Instagram: https://instagram.com/Swipe
Medium: https://medium.com/Swipe
Telegram: https://t.me/SwipeWallet & https://t.me/Swipe
LinkedIn: https://www.linkedin.com/company/swipewallet
YouTube: https://youtube.com/SwipeWallet
submitted by SwipeWallet to Swipe_io [link] [comments]

Crypto Banking Wars: Can Non-Custodial Crypto Wallets Ever Replace Banks?

Crypto Banking Wars: Can Non-Custodial Crypto Wallets Ever Replace Banks?
Can they overcome the product limitations of blockchain and deliver the world-class experience that consumers expect?
https://reddit.com/link/i8ewbx/video/ojkc6c9a1lg51/player
This is the second part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
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While crypto allows the world to get rid of banks, a bank will still very much be necessary for this very powerful technology to reach the masses. As we laid out in our previous series, Crypto-Powered, we believe companies that build with blockchain at their core will have the best shot at winning the broader consumer finance market. We hope it will be us at Genesis Block, but we aren’t the only game in town.
So this series explores the entire crypto landscape and tries to answer the question, which crypto company is most likely to become the bank of the future?
In our last episode, we offered an in-depth analysis of big crypto exchanges like Coinbase & Binance. Today we’re analyzing non-custodial crypto wallets. These are products where only the user can touch or move funds. Not even the company or developer who built the application can access, control, or stop funds from being moved. These apps allow users to truly become their own bank.
We’ve talked a little about this before. This group of companies is nowhere near the same level of threat as the biggest crypto exchanges. However, this group really understands DeFi and the magic it can bring. This class of products is heavily engineer-driven and at the bleeding-edge of DeFi innovation. These products are certainly worth discussing. Okay, let’s dive in.

Users & Audience

These non-custodial crypto wallets are especially popular among the most hardcore blockchain nerds and crypto cypherpunks.
“Not your keys, not your coins.”
This meme is endlessly repeated among longtime crypto hodlers. If you’re not in complete control of your crypto (i.e. using non-custodial wallets), then it’s not really your crypto. There has always been a close connection between libertarianism & cryptocurrency. This type of user wants to be in absolute control of their money and become their own bank.
In addition to the experienced crypto geeks, for some people, these products will mean the difference between life and death. Imagine a refugee family that wants to safely protect their years of hard work — their life savings — as they travel across borders. Carrying cash could put their safety or money at risk. A few years ago I spent time in Greece at refugee camps — I know first-hand this is a real use-case.

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Or imagine a family living under an authoritarian regime — afraid that their corrupt or oppressive government will seize their assets (or devalue their savings via hyperinflation). Citizens in these countries cannot risk putting their money in centralized banks or under their mattresses. They must become their own bank.
These are the common use-cases and users for non-custodial wallets.

Products in Market

Let’s do a quick round-up of some of the more popular products already in the market.
Web/Desktop The most popular web wallet is MetaMask. Though it doesn’t have any specific integration with DeFi protocols yet, it has more than a million users (which is a lot in crypto land!). Web wallets that are more deeply integrated with DeFi include InstaDapp, Zerion, DeFi Saver, Zapper, and MyCrypto (disclosure: I’m an investor and a big fan of Taylor). For the mass market, mobile will be a much more important form-factor. I don’t view these web products as much of a threat to Genesis Block.
https://preview.redd.it/gbpi2ijj1lg51.png?width=1050&format=png&auto=webp&s=c039887484bf8a3d3438fb02a384d0b9ef894e1f
Mobile The more serious threats to Genesis Block are the mobile products that (A) are leveraging some of the powerful DeFi protocols and (B) abstracting away a lot of the blockchain/DeFi UX complexity. While none get close to us on (B), the products attempting this are Argent and Dharma. To the extent they can, both are trying to make interacting with blockchain technology as simple as possible.
A few of the bigger exchanges have also entered this mobile non-custodial market. Coinbase has Wallet (via Cipher Browser acquisition). Binance has Trust Wallet (also via acquisition). And speaking of acquisitions, MyCrypto acquired Ambo, which is a solid product and has brought MyCrypto into the mobile space. Others worth mentioning include Rainbow — well-designed and built by a small indy-team with strong DeFi experience (former Balance team). And ZenGo which has a cool feature around keyless security (their CEO is a friend).
There are dozens of other mobile crypto wallets that do very little beyond showing your balances. They are not serious threats.
https://preview.redd.it/6x4lxsdk1lg51.png?width=1009&format=png&auto=webp&s=fab3280491b75fe394aebc8dd69926b6962dcf5d
Hardware Wallets Holding crypto on your own hardware wallet is widely considered to be “best practice” from a security standpoint. The most popular hardware wallets are Ledger, Trezor, and KeepKey (by our friends at ShapeShift). Ledger Nano X is the only product that has Bluetooth — thus, the only one that can connect to a mobile app. While exciting and innovative, these hardware wallets are not yet integrated with any DeFi protocols.
https://preview.redd.it/yotmvtsl1lg51.png?width=1025&format=png&auto=webp&s=c8567b42839d9cec8dbc6c78d2f953b688886026

Strengths

Let’s take a look at some of the strengths with non-custodial products.
  1. Regulatory arbitrage Because these products are “non-custodial”, they are able to avoid the regulatory burdens that centralized, custodial products must deal with (KYC/AML/MTL/etc). This is a strong practical benefit for a bootstrapped startup/buildedeveloper. Though it’s unclear how long this advantage lasts as products reach wider audiences and increased scrutiny.
  2. User Privacy Because of the regulatory arbitrage mentioned above, users do not need to complete onerous KYC requirements. For example, there’s no friction around selfies, government-issued IDs, SSNs, etc. Users can preserve much of their privacy and they don’t need to worry about their sensitive information being hacked, compromised, or leaked.
  3. Absolute control & custody This is really one of the great promises of crypto — users can become their own bank. Users can be in full control of their money. And they don’t need to bury it underground or hide it under a mattress. No dependence, reliance or trust in any third parties. Only the user herself can access and unlock the money.

Weaknesses

Now let’s examine some of the weaknesses.
  1. Knowledge & Education Most non-custodial products do not abstract away any of the blockchain complexity. In fact, they often expose more of it because the most loyal users are crypto geeks. Imagine how an average, non-crypto user feels when she starts seeing words like seed phrases, public & private keys, gas limits, transaction fees, blockchain explorers, hex addresses, and confirmation times. There is a lot for a user to learn and become educated on. That’s friction. The learning curve is very high and will always be a major blocker for adoption. We’ve talked about this in our Spreading Crypto series — to reach the masses, the crypto stuff needs to be in the background.
  2. User Experience It is currently impossible to create a smooth and performant user experience in non-custodial wallets or decentralized applications. Any interaction that requires a blockchain transaction will feel sluggish and slow. We built a messaging app on Ethereum and presented it at DevCon3 in Cancun. The technical constraints of blockchain technology were crushing to the user experience. We simply couldn’t create the real-time, modern messaging experience that users have come to expect from similar apps like Slack or WhatsApp. Until blockchains are closer in speed to web servers (which will be difficult given their decentralized nature), dApps will never be able to create the smooth user experience that the masses expect.
  3. Product Limitations Most non-custodial wallets today are based on Ethereum smart contracts. That means they are severely limited with the assets that they can support (only erc-20 tokens). Unless through synthetic assets (similar to Abra), these wallets cannot support massively popular assets like Bitcoin, XRP, Cardano, Litecoin, EOS, Tezos, Stellar, Cosmos, or countless others. There are exciting projects like tBTC trying to bring Bitcoin to Ethereum — but these experiments are still very, very early. Ethereum-based smart contract wallets are missing a huge part of the crypto-asset universe.
  4. Technical Complexity While developers are able to avoid a lot of regulatory complexity (see Strengths above), they are replacing it with increased technical complexity. Most non-custodial wallets are entirely dependent on smart contract technology which is still very experimental and early in development (see Insurance section of this DeFi use-cases post). Major bugs and major hacks do happen. Even recently, it was discovered that Argent had a “high severity vulnerability.” Fortunately, Argent fixed it and their users didn’t lose funds. The tools, frameworks, and best practices around smart contract technology are all still being established. Things can still easily go wrong, and they do.
  5. Loss of Funds Risk Beyond the technical risks mentioned above, with non-custodial wallets, it’s very easy for users to make mistakes. There is no “Forgot Password.” There is no customer support agent you can ping. There is no company behind it that can make you whole if you make a mistake and lose your money. You are on your own, just as CZ suggests. One wrong move and your money is all gone. If you lose your private key, there is no way to recover your funds. There are some new developments around social recovery, but that’s all still very experimental. This just isn’t the type of customer support experience people are used to. And it’s not a risk that most are willing to take.
  6. Integration with Fiat & Traditional Finance In today’s world, it’s still very hard to use crypto for daily spending (see Payments in our DeFi use-cases post). Hopefully, that will all change someday. In the meantime, if any of these non-custodial products hope to win in the broader consumer finance market, they will undoubtedly need to integrate with the legacy financial world — they need onramps (fiat-to-crypto deposit methods) and offramps (crypto-to-fiat withdraw/spend methods). As much as crypto-fanatics hate hearing it, you can’t expect people to jump headfirst into the new world unless there is a smooth transition, unless there are bridge technologies that help them arrive. This is why these fiat integrations are so important. Examples might be allowing ACH/Wire deposits (eg. via Plaid) or launching a debit card program for spend/withdraw. These fiat integrations are essential if the aim is to become the bank of the future. Doing any of this compliantly will require strong KYC/AML. So to achieve this use-case — integrating with traditional finance —all of the Strengths we mentioned above are nullified. There are no longer regulatory benefits. There are no longer privacy benefits (users need to upload KYC documents, etc). And users are no longer in complete control of their money.

Wrap Up

One of the great powers of crypto is that we no longer depend on banks. Anyone can store their wealth and have absolute control of their money. That’s made possible with these non-custodial wallets. It’s a wonderful thing.
I believe that the most knowledgeable and experienced crypto people (including myself) will always be active users of these applications. And as mentioned in this post, there will certainly be circumstances where these apps will be essential & even life-saving.
However, I do not believe this category of product is a major threat to Genesis Block to becoming the bank of the future.
They won’t win in the broader consumer finance market — mostly because I don’t believe that’s their target audience. These applications simply cannot produce the type of product experience that the masses require, want, or expect. The Weaknesses I’ve outlined above are just too overwhelming. The friction for mass-market consumers is just too much.

https://preview.redd.it/lp8dzxeh1lg51.png?width=800&format=png&auto=webp&s=03acdce545cd032f7e82b6665b001d7a06839557
The winning bank will be focused on solving real user problems and meeting user needs. Not slowed down by rigid idealism like censorship-resistance and absolute decentralization, as it is with most non-custodial wallets. The winning bank will be a world-class product that’s smooth, performant, and accessible. Not sluggish and slow, as it is with most non-custodial wallets. The winning bank will be one where blockchain & crypto is mostly invisible to end-users. Not front-and-center as it is with non-custodial wallets. The winning bank will be one managed and run by professionals who know exactly what they’re doing. Not DIY (Do It Yourself), as it is with non-custodial wallets.
So are these non-custodial wallets a threat to Genesis Block in winning the broader consumer finance market, and becoming the bank of the future?
No. They are designed for a very different audience.
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Other Ways to Consume Today's Episode:
Follow our social channels: https://genesisblock.com/follow/
Download the app. We're a digital bank that's powered by crypto: https://genesisblock.com/download
submitted by mickhagen to genesisblockhq [link] [comments]

Bitcoin for Kids - A HowTo via CashApp

Non-KYC options are listed below, but assuming you have a willing parent or guardian, here's an example of how that would work for a minor in the US via CashApp. Ensure your upfront with the parent or guardian as to what your doing.
  1. Get a summer job with some source of direct deposit income.
  2. Ask your legal guardian to help you open a "Youth Spending" checking account also called UTMA.
  3. Ask for a debit card attached to the account.
  4. Have your summer job paychecks direct deposited to the account.
  5. Download the CashApp and link it to your phone number AND email.
  6. Link the CashApp to your Youth Spending Debit card and checking account.
  7. Attempt to transfer $25 from your debit card into your CashApp, assuming you have the money.
  8. Ask your guardian to fill in their SSN when prompted.
  9. Attempt to buy $20 in stock, ask your guardian to answer the questions.
  10. Go to the Bitcoin section and click to enable bitcoin deposit and withdraw.
  11. Ask your guardian to scan their license and take a selfie.
You can also apply for a CashCard which you can add to Google Pay, Android Pay, Garmin Pay, or whatever. Once all the verification are done (a day or two) you will be able to buy and sell US stocks and bitcoin in the app for a 2% fee. For all of these steps, questions about identity, name and address should all be answered as the guardian, not the minor. So the account name is in the name "Adult Smith" not "Minor Smith". Same with SSN and ID checks. You can choose to put your name on the face of the CashCard and Debit Card since this carries no legal weight. The accounts are all still legally in your parent's or guardian's name.
For even lower fees you could ask your parents or guardians to KYC through Binance, Kraken, Gemini or Coinbase to link your checking account to a real exchange.
For those with guardians or parents that would not agree to KYC for you, here are some non-KYC options, though the fees are much (much) higher than 2%.
Please remember that bitcon is easy to steal. Since minor's have limited standing in US courts, most exchanges don't want to deal with them. If you proceed there is a 100% chance that someone will try to scam you. Make sure you catch every scammer you encounter, or you will go broke fast.
Source: Bitcoin for Kids
submitted by brianddk to Bitcoin [link] [comments]

With the rise of Cardano in the top 10 and the inevitable influx of new people who will be interested. I've written a brief step by step on how to acquire Cardano quickly.

I'm seeing a lot of new people ask how they can get in on Cardano’s ADA and there's a lot of frustration around the processes of going through uploading personal documents and SSN. And with the influx of people that will be coming as ADA makes it higher into the top 10 cryptos, it's ideal to have a brief post to explain how to get it.
So here it is. A fast guide to get your Bitcoin/Ethereum exchanged for ADA and other currencies.
1. Sign up to Binance.com It will be free and you won't need to verify documents/Upload ID to buy, sell, deposit or withdraw. Binance lets you withdraw up to 2BTC per day without needing your ID.
2. Go to Funds tab and click Deposits/Withdrawals.
3. Click deposit beside the coin you wish to deposit into your BInance wallet. If you can't find it, there's a search bar. Click deposit and copy the address for the BTC or ETH (whichever you're planning to trade for ADA (Cardano))
4. Send your BTC or ETH to that address from your Coinbase (or Bitstamp or whatever you used to buy Bitcoin/Ethereum) NOTE: PLEASE MAKE SURE THE ADDRESS IS CORRECT, ANY MISTAKES IN ADDRESSES WILL RESULT IN YOU LOSING COINS. DOUBLE CHECK ADDRESS ALWAYS.
5. Wait for your BTC, ETH or LTC to be deposited to your Binance wallet. It has to go through over 30 confirmations for it to arrive into the wallet on Binance. (If you're transfer says PENDING just be patient.)
6. Once it arrives to Binance go under the exchange tab (Basic option for beginners). Search for ADA under the ETH or BTC tab depending on what you have deposited. Click on it. And go to the buy section and type the amount you want to buy. If you want to spend all your BTC/ETH for the ADA just press the 100% option to spend everything in exchange for Cardano (ADA).
7. Congratulations you now you have your Cardano (ADA) and know how to navigate Binance exchange :) You may keep it in your Binance Exchange wallet or send it to any other ADA supporting wallet you choose.
Note 2: I've included my Binance reference code for you if you don't have one, it's REFERENCE CODE: 11299962 Of course you don't have to use my referral but if you do, I'd appreciate it :)
submitted by tellyourmom to cardano [link] [comments]

Step by step guide for newbies to buying VERGE (XVG) and other altcoin currencies without the hassle of going through ID verification.

I'm seeing a lot of new people ask how they can get in on Verge and there's a lot of frustration around the processes of going through uploading personal documents and SSN.
So here it is. A fast guide to get you to swap your Bitcoin/Ethereum swapped for Verge and other currencies. I have posted this in other subs previously and it helped people, and with the influx of people coming as Verge gets more popular I think this will help;
1. Sign up to Binance.com It will be free and you won't need to verify documents/Upload ID to buy, sell, deposit or withdraw. Binance lets you withdraw up to 2BTC per day without needing your ID.
2. Go to Funds tab and click Deposits/Withdrawals.
3. Click deposit beside the coin you wish to deposit into your BInance wallet. If you can't find it, there's a search bar. Click deposit and copy the address for the BTC or ETH (whichever you're planning to trade for XVG)
4. Send your BTC or ETH to that address from your Coinbase (or Bitstamp or whatever you used to buy Bitcoin/Ethereum) NOTE: PLEASE MAKE SURE THE ADDRESS IS CORRECT, ANY MISTAKES IN ADDRESSES WILL RESULT IN YOU LOSING COINS. DOUBLE CHECK ADDRESS ALWAYS.
5. Wait for your BTC, ETH or LTC to be deposited to your Binance wallet. It has to go through over 30 confirmations for it to arrive into the wallet on Binance. (If you're transfer says PENDING just be patient.)
6. Once it arrives to Binance go under the exchange tab (Basic option for beginners). Search for XVG under the ETH or BTC tab depending on what you have deposited. Click on it. And go to the buy section and type the amount you want to buy. If you want to spend all your BTC/ETH for the XVP just press the 100% option to spend everything in exchange for VERGE XVG.
7. Congratulations you now you have your Verge XVG and know how to navigate Binance exchange :) You may keep it in your Binance Exchange wallet or send it to any other XVG wallet you choose. Note 2: I've included my Binance reference code for you if you don't have one, it's REFERENCE CODE: 11299962 Of course you don't have to use my referral but if you do, I'd appreciate it :)
submitted by tellyourmom to vergecurrency [link] [comments]

Step by step guide for newbies to buying TRON (TRX) and other altcoin currencies without the hassle of going through ID verification.

I'm seeing a lot of new people ask how they can get in on TRON and there's a lot of frustration around the processes of going through uploading personal documents and SSN. And with the influx of people that will be coming as TRON makes it to the top 15, it's ideal to have a brief post to explain how to get it.
So here it is. A fast guide to get you to swap your Bitcoin/Ethereum swapped for TRX and other currencies.
1. Sign up to Binance.com It will be free and you won't need to verify documents/Upload ID to buy, sell, deposit or withdraw. Binance lets you withdraw up to 2BTC per day without needing your ID.
2. Go to Funds tab and click Deposits/Withdrawals.
3. Click deposit beside the coin you wish to deposit into your BInance wallet. If you can't find it, there's a search bar. Click deposit and copy the address for the BTC or ETH (whichever you're planning to trade for TRX)
4. Send your BTC or ETH to that address from your Coinbase (or Bitstamp or whatever you used to buy Bitcoin/Ethereum) NOTE: PLEASE MAKE SURE THE ADDRESS IS CORRECT, ANY MISTAKES IN ADDRESSES WILL RESULT IN YOU LOSING COINS. DOUBLE CHECK ADDRESS ALWAYS.
5. Wait for your BTC, ETH or LTC to be deposited to your Binance wallet. It has to go through over 30 confirmations for it to arrive into the wallet on Binance. (If you're transfer says PENDING just be patient.)
6. Once it arrives to Binance go under the exchange tab (Basic option for beginners). Search for TRX under the ETH or BTC tab depending on what you have deposited. Click on it. And go to the buy section and type the amount you want to buy. If you want to spend all your BTC/ETH for the TRX just press the 100% option to spend everything in exchange for TRON TRX.
7. Congratulations you now you have your TRON (TRX) and know how to navigate Binance exchange :) You may keep it in your Binance Exchange wallet or send it to any other TRON wallet you choose.
Note 2: I've included my Binance reference code for you if you don't have one, it's REFERENCE CODE: 11299962 Of course you don't have to use my referral but if you do, I'd appreciate it :)
submitted by tellyourmom to Tronix [link] [comments]

With VeChain rising in the top 50 a lot of new people will be visiting the sub. I have a written a brief step by step for newbies on how to exchange their BTC and ETH for VeChain (VEN) to answer their questions. (Reposted without reflink)

Posting this again as it was deleted before :)
So as we’re going to be seeing a lot of people asking how they can buy VeChain (VEN) and there's going to be a lot of frustration around the processes of going through uploading personal documents and SSN. So here it is. A fast guide to get your Bitcoin/Ethereum exchanged for VeChain and other cryptocurrencies.
1. Sign up to Binance.com Binance will be free to sign up with and you won't need to verify documents/Upload ID to buy, sell, deposit or withdraw. Binance also lets you withdraw up to 2BTC per day without needing your ID. If you want a referral code for when you sign up, you can use mine, it's 11299962.
2. Go to Funds tab and click Deposits/Withdrawals.
3. Click deposit beside the coin you wish to deposit into your BInance wallet. If you can't find it, there's a search bar. Click deposit and copy the address for the BTC or ETH (whichever you're planning to trade for VEN (VeChain)
4. Send your BTC or ETH to that address from your Coinbase (or Bitstamp or whatever you used to buy Bitcoin/Ethereum) NOTE: PLEASE MAKE SURE THE ADDRESS IS CORRECT, ANY MISTAKES IN ADDRESSES WILL RESULT IN YOU LOSING COINS. DOUBLE CHECK ADDRESS ALWAYS.
5. Wait for your BTC, ETH or LTC to be deposited to your Binance wallet. It has to go through over 30 confirmations for it to arrive into the wallet on Binance. (If you're transfer says PENDING just be patient.)
6. Once it arrives to Binance go under the exchange tab (Basic option for beginners). Search for VEN under the ETH or BTC tab depending on what you have deposited. Click on it. And go to the buy section and type the amount you want to buy. If you want to spend all your BTC/ETH for the ADA just press the 100% option to spend everything in exchange for VeChain (VEN).
7. Congratulations you now you have your VeChain (VEN) and know how to navigate Binance exchange :) You may keep it in your Binance Exchange wallet or send it to any other VEN supporting wallet you choose.
Note 2: I've included my Binance reference code for you if you don't have one, it's REFERENCE CODE: 11299962
submitted by tellyourmom to Vechain [link] [comments]

If I'm not a US Citizen nor US permanent resident, do I have to pay capital gains taxes?

I'm not a US Citizen and I'm not a US permanent resident either. But I live in the US.
Scenario #1: If I buy and sell Bitcoin on a US based exchange (like Bittrex), do I have pay capital gain taxes?
Scenario #2: If I buy and sell Bitcoin on a non US exchange (like Binance, HitBTC or Yobit) do I have pay capital gain taxes?
If possible, please tell me which taxes I would have to pay. For example, income taxes?
I'm living in the US but I'm not here legally. My parents brought me here when I was younger. I'm 19 now. I went to school and graduated but I'm not a legal permanent resident nor US citizen. I don't have a SSN or even a driver's license because I can't get one (unless I move to one of those states that allows you to get driver's licenses without a SSN or permanent resident card like CA). The only document I have is my non-US Passport (this is what I used to get my Bittrex and Gemini accounts verified). I entered this country with my parents legally but they overstayed their tourist visas (I did too because I had no choice)
Thanks!
submitted by MikeGMS to btc [link] [comments]

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Binance How to buy Bitcoin 2020 - YouTube

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