12

Is PokerStars a Scam Or Legit? – Avoid Them Like a Plague!

Are you looking for a brutally honest PokerStars Review? Are you sometimes asking yourself, “Is PokerStars a Scam?”

In this article, I am going to reveal the truth about PokerStars and share my own experiences with them.

PokerStars Review

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Name: PokerStars

Type: Online Casino

Short Review: Unless you want to set all your money in risk, I recommend avoiding them like a plague. When I tried to withdraw my money from PokerStars, I needed to send 20 emails to them, spend endless hours trying to reach their support and I still lost money in the process even though I didn’t play a single game. Anyway, I was lucky because some people were never able to withdraw their money from PokerStars.

If you are looking for real and legitimate ways to earn money online, I highly recommend taking a closer look at this money-making opportunity.

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What Is PokerStars?

PokerStars is one of the biggest online casinos in the world. They have been around for years. Big names in the poker industry like Daniel Negreanu get paid for promoting PokerStars. Actually, PokerStars has been aggressive with their marketing while acquiring famous affiliates to promote their company.

First, let me explain the reason why I am writing to you today about the PokerStars. Then I am going to share my own and other people’s experiences with them. Those experiences will explain why you should really avoid them as much as possible.

Why Do I Write About PokerStars?

If you have been a regular reader of my blog YourOnlineRevenue.com, I write about different make money online opportunities that would help my readers to make money online. One way to earn (and also lose) money online is online poker. I haven’t written about this subject much because I don’t want to promote casino businesses.

Before I made lots of money by playing online poker but I wasn’t a Christian back then. When I became Christian, I threw all my poker books in the trash can and stopped playing poker completely.

I didn’t like the whole mentality in the poker industry. A more “intelligent” person takes money from a stupid one and the casino wins always. Many people ruin their lives and end up in troubles because of this industry. In addition, alcohol and half-naked women were also often related to the poker industry.

Anyway, I recently thought that I would try PokerStars after a long while. I quickly realized it wasn’t a good decision. I tried to withdraw my money as fast as possible but it wasn’t so easy. Let me explain how did it go.

Account Locked Immediately – Took 2-3 Weeks to Unlock It!

I deposited $200 to my PokerStars account and wanted to test how it works. However, when I tried to join the table, it just showed the following window:

It simply says the followings things:

1. Your account is locked.
2. Just contact the support.
3. It usually takes a few minutes to open your account.

I contacted the support immediately and asked what this is all about. The process took much more than “minutes” like they promised. It actually took 2 weeks and hours of my time to get it back.

Even though I got my account unlocked in 2 weeks, it took even more time to get my money back. They just kept on holding my money and asking for more and more documents.

=> Tired of Shady Sites Like PokerStars? Use a Guaranteed Way to Make Money Online!

PokerStars Support Was Extremely Slow

It always took around 1 day to get an answer from the PokerStars support team.

In the first email, they asked me to send the following documents:

1. Passport or similar ID.
2. Bank statement or utility bill.
3. Credit card statement showing my card number, full name, address, etc.

I sent them my passport and bank/credit card statement (for me it’s the same document because the card is linked to my bank account). However, they weren’t satisfied with the statement because it didn’t show my credit card number.

My bank doesn’t provide statements that would show the credit card number. This was a problem with PokerStars. They asked me to send more and more documents and screenshots from my bank account and credit card.

I think that I eventually needed to be sent 7-9 documents before they unlocked my account. Sometimes they asked the same document twice. You can imagine that it started to get a bit annoying, especially when you can read hundreds of negative reviews of PokerStars online where customers explain how this website has scammed them.

Take a look at my email box and the discussion with PokerStars:

NOTE: All the messages and emails that I show in the picture above were not enough to get withdraw my money from PokerStars. I still needed to send them numerous emails before succeeding. I would call it bullying.

PokerStars Withdraw – Didn’t Get All My Money Back

When I made a deposit to PokerStars, it was +166€ ($200,84). When I tried to withdraw it after two weeks it showed that I can withdraw all my money it would be only 158€. In the other words, I lost 8€ with their conversions.

7€ is just a little money and that’s not all. I lost hours of my time when trying to get an access to my funds again.

I sent around 15 messages to PokerStars, took numerous screenshots, found many documents, needed to contact my bank and other annoyances in order to get the money back. We can confidently say that it took at least 4-5 hours in total to get all of this done.

If I earn $30/hour, it means that I lost $120-150 when “fighting” with the PokerStars support. If I earn $50/hour normally, I lost $200-250. Not a good experience, huh?

Conclusion: I lost hundreds of dollars because of PokerStars. It feels like they want to bully you until you give up. Many other people had exactly the same experience.

As a result, I will avoid PokerStars like a plague and concentrate on more profitable ways to make money online.

I didn’t play a single hand (fortunately!) on PokerStars and I am glad I didn’t. I don’t want to give them a single euro because of how they treat their clients.

PokerStars Reviews – Almost Nobody Likes Them!

I decided to look what other people are saying about PokerStars and I realized that almost everybody has negative experiences with them. Pretty much the only people that are saying something positive about them are their affiliates who earn money by promoting PokerStars.

Let me list some average ratings that they have received from hundreds of customer reviews:

• 1 out of 10 stars based on 188 reviews on Trustpilot. That’s the worst rating that a company can receive. I have reviewed +400 companies but I haven’t seen any company receiving so bad reviews like PokerStars.
• 2,1 stars out of 5 based on 98 reviews on LegitOrScam-website.

Remember that these are honest and genuine members who have used their services. Of course, I also found tons of reviews that were praising PokerStars but I saw that they were affiliated with the company. PokerStars pays high commissions people for promoting them.

That’s why many poker website owners like to praise them. They know that when somebody joins PokerStars through their links, they earn good money. That’s how people make money online with affiliate marketing.

Can You Make Money with Online Poker?

Yes, good players rip off worse players in online poker. The money moves from bad players who make lots of mistakes to better players and the casino takes their part as well. Sometimes both players lose and the casino is the only one who wins.

I am a skillful poker player and before I was a Christian, I made good money by playing poker. I also know many people personally who have made their living by playing poker online.

That being said, it’s not as glamorous as you might think. Personally, I don’t recommend online poker. Read further why!

First, nowadays the level is much higher in the online poker than, for example, 10 years ago. Even in the small stakes poker tables players are much tighter and careful than before. 10 years ago you could have just followed a simple formula and make money mechanically over the time course. Nowadays it’s not possible because opponents are stronger.

Second, after talking with numerous people who make the living by playing online poker, I have found that in the long run, it’s not so fabulous in the long run. You are just staring the screen and trying to make money from other people. What kind of value are they providing for the society? What kind of life is it to play a card game for the most of your time?

Third, many negative things are related to gambling. Imagine that you successfully rip off your opponent and earn big money (Let’s say $10,000). What if your opponent is in a financial trouble and can’t control his playing? What if is in a great debt and you are making his situation even worse with your actions? You can never know who is sitting on the other side of the screen.

Fourth, with poker, you are not building passive income streams. In my opinion, building passive income streams is usually much better than working for money for the whole life. With passive income, you will get paid even while you are not working. With online poker, the only way to earn money is by playing more.

Fifth, there are much better ways to earn money online.

Conclusion – Is PokerStars Legit Or a Scam?

Personally, I would avoid PokerStars like a plague. I am not a big fan of poker or online casinos in general but my experiences with PokerStars were even worse than I expected. They can freeze your account anytime and keep your funds there forever and always ask you to send new documents.

If you’re lucky, you’ll be able to withdraw your funds but I’ve seen also reviews online where people weren’t able to get their money back once they got started with PokerStars.

If you are interested in better ways to earn money online, I recommend following this step-by-step training or getting started by clicking the picture below.

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What do you think about PokerStars or online casinos in general?

Would you like to learn better ways to make money online than online poker?

Let’s discuss in the comments below! 🙂

(DISCLAIMER: This article only represents my personal opinion of PokerStars. You can use it as information and entertainment. I accept no responsibility or liability for any good-faith inaccuracies on the blog as a whole.)

0

Is Bittrex Safe? Is Bittrex a Scam? Read This Before Joining!

Is Bittrex safe? Is Bittrex a scam? How to get started on Bittrex? Is Bittrex a good cryptocurrency exchange? If you have been looking for answers to any of these questions, you have come to the right place!

In this Bittrex review, I am going to answer all your questions about Bittrex crypto exchange. I have personally tried around 10 different exchanges so I believe I can help you here. Let’s have a look!

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Bittrex Review: Is Bittrex Safe? – Video Version

I also created a video review of Bittrex to answer your questions even in a more thorough manner. You can take a look at the video by clicking below. I am sure you will find it helpful and valuable.

If you want to see more cryptocurrency videos, don’t forget to subscribe to my YouTube channel and smash up the likes 😉

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Bittrex Exchange Review

Name: Bittrex

Founded: 2014

Type: Cryptocurrency Exchange Platform

Short Review: Bittrex is a trustworthy cryptocurrency exchange. They are 8th biggest crypto exchange by the trading volume and have operated since 2014.

Even though Bittrex has many benefits, I don’t currently use it myself because Binance and Coinbase are better options, in my opinion.

Of course, cryptocurrency trading or investing always involves risks. If you prefer more guaranteed ways to earn money online, I recommend taking a look at this step-by-step training.

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What Is Bittrex?

Bittrex is a cryptocurrency exchange from the U.S. Seattle that has been operating since 2014. During its 4 years of operation, it has become one of the trusted and most used exchanges in the industry.

They provide cryptocurrency trading for around 200 different cryptocurrency pairs.

5 Benefits of Bittrex

Even though Bittrex exchange is not my #1 recommendation it has still many benefits that I point out for you here.

1.Large Availability of Currency Pairs – ~200 Cryptocurrencies

Bittrex enables trading for around 200 different cryptocurrency pairs. When I was looking at their list, there were many coins that I have never even heard of. Have you heard of cryptocurrencies like Gambit, Gridcoin or Blackcoin?

A large availability of cryptocurrencies is certainly a positive thing. With some exchanges, you can trade only a handful coins which brings you challenges if you want to trade something else. Soon you need to create an account to 10 different exchanges in order to get your desired coins.

You will find all major coins and many rare coins on Bittrex. You will even find cryptocurrencies that you have never heard of on Bittrex.

2.Bittrex Has Never Been Hacked – It Is (Relatively) Safe

You probably know that another major exchange from the U.S. called Bitfinex has been hacked twice during their history. Even though they managed those situations well and they are still running strong, they left a little scar to Bitfinex’ reputation.

Bittrex has never been hacked and many people keep it as a trustworthy and a reliable crypto exchange.

3.”Easier to Use Than Other Exchanges.”

I have heard people praising Bittrex because of its ease of use. Their website is intuitive and you will easily find the things that you need to find: Wallets, Markets, Withdrawal, Deposit, etc.

This, of course, depends on the person’s preferences. I feel that almost all exchanges are easy to use once you have used them for a while. Only challenging ones are really like Etherdelta or Forkdelta.

A famous cryptocurrency influencer was comparing Bittrex and Poloniex. He preferred Bittrex for several reasons. It was easier and faster to use. Provided more options for trading and was better in other ways. I don’t recommend Poloniex in any way.

For complete beginners I recommend cryptocurrency exchanges called Coinbase or Changelly.

4.Transparent 0,25% Fee

Every exchange needs to charge fees from their customers for trading. That’s how exchange can run themselves and make money. Some exchanges charge a higher fee (and probably provide more services) while other exchanges charge very low fees.

I would say that Bittrex is “in the middle” when it comes to their fees. They are not the cheapest option but not the most expensive choice either. They charge 0,25% trading fee.

The cheapest option out there is Binance where you can trade with as low as 0,05% fees. That’s also my #1 recommendation for trading altcoins. On the other hand, if you are a “buy and hold” man like I am, 0,2% trading fee doesn’t make a big difference.

There are also many exchanges that have higher exchange fees than Bittrex. One of them is Changelly which is also a great exchange but they charge a 0,50% fee. On the other hand, they are probably the most beginner friendly and easiest to use so it makes sense that a fee is a bit higher.

5.High Liquidity Because of the Big Trading Volume

On the smallest exchanges, you may have a challenge when trading cryptocurrencies. There are not so many people trading that if you want to make the transaction fast, you need to accept a worse price. In the other words, you lose money because there are not enough people trading with you.

On Bittrex you don’t have such problem because it’s one of the biggest crypto exchanges in the world. You can always find tons of buy and sell orders waiting in the order book. That guarantees the high liquidity and ease of exchange.

How to Get Started on Bittrex?

Getting started on Bittrex can be nowadays quite challenging. Sometimes so many new members have been flowing to their exchange that Bittrex has decided to close their exchange with new members.

Recently, my friend got started on Bittrex and the verification took a few weeks. That’s still quite okay because I have heard “horror stories” that some people were waiting for months to get verified and their funds were stuck on Bittrex exchange.

Anyway, in order to start trading on Bittrex, first, you need to create an account. After creating the account you need to get it verified and that may be a frustrating process overall.

Basic, Phone and Enhanced Verifications on Bittrex

There are a few levels of verification on Bittrex. The more you pass them, the higher trading limit you have.

The first phase is called basic verification. In order to get that done, you need to give your personal details like full name, date of birth, address, passport number, etc.

Phone verification means that you give them your mobile phone number, receive a message and verify that you received the message.

You can complete enhanced verification only after the first 2 verifications are done. In this stage, you need to upload a picture of your passport and a selfie that it’s really you. The purpose of the whole verification process is to secure your identity and let them know that you are really you.

However, once you have submitted all your verification documents, you may need to wait for a long time. Sometimes you mightn’t get verified at all. That’s mainly because so many new users have been flowing into Bittrex and they haven’t been able to successfully manage everything.

If you want to get started faster, I recommend going to Changelly, Coinbase or Binance.

Bittrex Support

Now that millions of people worldwide started buying cryptocurrencies in 2017 and 2018, exchanges had big challenges to answer all support request.

One of my best friends was working in one huge cryptocurrency exchange company and he said, “Support requests just don’t end. They are endless and when you answer to one question, a client immediately asks another question.”

Naturally, people have different kinds of examples of Bittrex support. Some people have really enjoyed it while other people say they don’t respond.

Anyway, if you want to get specific answers to your questions, you can first take a look at their FAQ (Frequently Asked Questions) page. If you don’t find an answer, you can contact them by sending an email to support@bittrex.com.

Conclusion – Is Bittrex a Scam Or Legit?

Bittrex certainly is not a scam. It’s a legitimate website and a company that provides cryptocurrency trading that has been operating already for several years.

Personally, I don’t need to use Bittrex because I have, in my opinion, better alternatives (Binance and Coinbase) that I am using.

Probably the main reason why I haven’t started with Bittrex yet is that their queue for new clients has been so long. It has taken weeks for some new members to get started. Sometimes even longer. I tried to start trading on Bitfinex but wasn’t able to do that even after 2 months of waiting and I didn’t want to waste my time with Bittrex as well.

That being said, if you are willing to wait for the verification, you can create an account there and get started after waiting.

=> Tired of Waiting on Bittrex? Use a Better Alternative!

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Have you used Bittrex? Would you recommend it to other people as well? 

What is your favorite cryptocurrency exchange platform?

Let’s discuss in the comments below! 🙂

6

Is Gate.io Legit? Yes, It Is One of The Best Crypto Exchanges!

Are you looking for a comprehensive Gate.io review? Looking for answers to questions like, “Is Gate.io Legit? How to use Gate.io? Is Gate.io safe?”

If your answer to any of these questions was “Yes”, you have come to the right place.

In this Gate.io exchange review I am going to show and explain everything you need to know about their website. I will also share my own experiences of using their services. Are you ready? Let’s get going!

Gate.io Exchange Review

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Name: Gate.io

Website: www.Gate.io.com

Founded: 2017

Type: Cryptocurrency Exchange Platform

Short Review: Gate is a reliable cryptocurrency exchange with a large variety of different coins. They have around 250 different crypto pairs (and growing!) that you can trade with very low fees. I have had solely positive experiences of Gate.io and I can recommend it to other people as well.

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Gate.io Review – Video Version

Before you go through my comprehensive Gate.io text review, I want to offer you an opportunity to take a look at my video review of Gate.io.

In the video, I weigh the pros and cons of Gate.io and I walk you through how you can easily exchange cryptocurrencies on their website. I am sure that you will find the video helpful and valuable.

(If you want to receive more cryptocurrency-related videos and want to learn how to make more money with cryptocurrencies, don’t forget to subscribe to my YouTube channel as well.)

What Is Gate.io?

Gate.io is a fast-growing cryptocurrency exchange that’s available both in English and in Chinese. They enable cryptocurrency trading for more than 250 currency pairs at the moment which means that they have one of the biggest variety of options in the industry.

I have personally had solely positive experiences with Gate.io so I can warmly recommend it to you as well. First, let me show you a few benefits of using Gate.io.

3 Benefits of Gate.io – Cheap, Safe And Fast

The picture below illustrates 3 important benefits:
1.Low withdraw and exchange fees
2.Safe
3.Fast transactions

Gate.io enables withdrawals even without any fee. That’s very unique because on some exchanges I have sometimes paid eve €15 ($20) for a single withdrawal. The fact Gate.io provides withdrawals for much cheaper price means that you can save lots of money over the time course.

Safety is, of course a huge factor and therefore Gate.io holds their funds in a cold storage. That’s the safest way to store cryptocurrencies and it’s basically impossible for hackers to reach them.

Gate.io also provides low exchange fees which is a good thing for your money. You’ll pay only 0,2% fees on Gate.io. For example, extremely popular exchanges like Changelly and Coinbase charge a bit higher fee. If you are looking for an exchange with the lowest fees, your choice would be probably Binance because there you can exchange with as low as 0,05% fee.

Anyway, Gate.io has one of the lowest fees in the cryptocurrency industry. In addition, you can get 10% discount for all of your fees through my special link below.

=> Get 10% Discount from All of Your Fees on Gate.io Through This Link!

How to Use Gate.io? – Gate.io Tutorial

Using Gate.io is easy as 1-2-3. When I used their exchange for the first time I didn’t read any tutorial but I was still able to exchange and transfer funds conveniently. Anyway, I want to provide you a short tutorial here on how you can use their exchange as well.

1.Sign Up to Gate.io

You can sign up here and you’ll land on the following page:

If you don’t yet have an account on Gate.io, you fill out the form on the left-side and click, “Create account.” They send you an email verification. Click the verification link in the email and you’re ready to go.

2.Deposit Money to Your Gate.io Wallets

At the moment, Gate.io doesn’t accept deposits with fiat currencies (euro, pound, dollar, etc.) but you can easily deposit money by using any cryptocurrency (BTC, ETH, USDT, etc.).

1. You go to “Wallets” on Gate.io.
2. Choose what currency you want to deposit.
3. Click, “Deposit” next to your chosen currency.
4. Take the address to deposit money from your other wallet.

Usually your deposit happens in a short while so you don’t need to wait for it for a long time. Transferring cryptocurrencies, in general, is way more convenient than making bank transfers, for example.

You can transfer money to Gate.io for almost free and it takes just a short while. If you want to make bank transfers elsewhere, they may cost tens of dollars and take 3-5 bank days. Cryptocurrencies 1 – Government Banks 0.

3.Choose What Cryptocurrencies You Want to Trade

When you have made your deposit to Gate.io, you can start trading your desired cryptocurrency. As you can see in the picture below, there are a huge numbers of different crypto pairs that you can trade. Actually, Gate.io provides one of the largest variety of exchange pairs in the whole industry.

4.Make a Trade

In this example, we want to sell Dragonchain (DRGN) into Ethereum. I have chosen that currency pair and the following window has opened to me.

I set the amount how many DRGN I will sell and the exchange automatically shows me how many ETH I will receive with the current market price. In this case, I will be selling DRGN tokens and I will receive 1,616 ETH. Then I just click, “Sell (DRGN -> ETH)” button.

The order goes automatically to the exchange’s order book. In a short moment I will receive my ETH and my DRGN is sold. Voilá!

Overall, the process is simple and I know that anybody is able to do it. If you have any questions, you can always ask me a question below this article or contact Gate.io support.

My First Experience of Using Gate.io – Easy as 1-2-3

I used Gate.io for the first time because I wanted to sell some of my Lympo (LYM) tokens that I had bought on their ICO. LYM wasn’t listed on exchanges like Binance or Kucoin where I already had an account so I needed to get started on Gate.io.

I created an account on Gate.io and searched for my LYM address to send my tokens over there. It was quite easy for me to send the tokens to Gate because the process worked exactly in a similar way like in other exchanges.

I saw that Gate enables exchanging LYM into BTC or ETH. I decided to exchange my tokens into BTC because the rate was better than with ETH. The exchange was fast and happened in just a minute or so.

Then I wanted to send my BTC from Gate.io to my another wallet. In general, it’s not recommended to hold all your cryptocurrencies in any exchange because they may be hacked or something may happen to the exchange.

I went to my BTC address on Gate.io. Clicked, “Withdrawal”. Set up 2-factor authentication. Gave my BTC address for withdrawal and voilá!

During the whole process I didn’t even need to check out any tutorial because Gate.io website was very intuitive and straightforward.

Gate.io Support

There are many ways to get support on Gate.io.

First option is to take a look at their FAQ (Frequently Asked Questions) page. There you’ll find an answer to 90% of your questions. If you need further help, you can also easily contact the staff in many ways.

You can leave them a support ticket in English or in Chinese and they’ll come up with an answer after some time. Other options to contact the support are through their Twitter page or Telegram chat.

Conclusion – Is Gate.io Legit? Do I Recommend It?

Yes, Gate.io is a legitimate website and company. Based on my information, it’s one of the fastest-growing cryptocurrency exchanges in the world. I can also personally recommend Gate.io because I only have a positive experience with their services.

Currently, I don’t hold my funds on Gate.io because I prefer holding my money on private wallet when I hold my own private keys. I keep some money on exchanges because private wallets have also their own risks (like losing your paper where you wrote the key, etc.)

One of the biggest benefits of Gate.io is their low fees. You need to pay only 0,2% fee for exchanging on their platform and 0% withdrawal fee. Usually, cryptocurrency exchanges charge much higher fees. Still there is Binance that takes even lower fees than Gate.io. I recommend also their exchange.

I have used around 10 different cryptocurrency exchanges and my experience with Gate.io was one of the best.

=> Try Gate.io Yourself And Get My Special Discount!

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Have you used Gate.io?

What is your favorite cryptocurrency exchange platform?

Let’s discuss in the comments below! 🙂

0

Is Coinmama a Scam Or Legit? – Read the Brutal Truth!

If you are looking for an answer to the question, “Is Coinmama a Scam Or Legit?” you have come to the right place. In this Coinmama review, I will tell you everything you need to know about this company. In addition, I will show how their website works that even complete beginners can use it.

Coinmama Review

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Name: Coinmama

Website: www.Coinmama.com

Founded: 2013

Type: Cryptocurrency Exchange

Short Review: Coinmama is a trusted cryptocurrency exchange where you can buy Bitcoin and Ethereum easily using your credit card. It’s an easy and a beginner-friendly platform.

However, their fees are a bit high why I would rather recommend using Coinbase or Changelly. Their fees are lower and they enable credit card payments as well. If a little difference in fees is not an issue for you, Coinmama is also a great platform for buying cryptocurrencies.

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Is Coinmama Legit? – Coinmama Exchange Video Review

Before you run into the article, I want to give you an opportunity to have a look at my video review of Coinmama. You’ll find it extremely helpful and informative.

What Is Coinmama?

Coinmama is one of the oldest and most trusted cryptocurrency exchanges in the world. They have been operating since 2013 and have served more than one million customers from almost 200 different countries.

One of the greatest benefits of Coinmama is that you can buy cryptocurrencies easily with your credit card. Many huge exchanges like Binance or Kucoin don’t support that feature so Coinmama stands out as a better option in that sense.

6 Benefits of Coinmama Crypto Exchange

One of the most important factors when choosing a cryptocurrency exchange must be a question, “Is Coinmama reliable?” You should never use a crypto exchange that you are not sure of. Coinmama is a reliable and legitimate exchange so that’s a good choice.

A picture below shows many benefits of Coinmama:

1.You can easily buy with credit card. Many other crypto exchanges don’t support this feature.

2.Coinmama is safe and secure. More than 1 million users have used them during 5 years.

3.Fast-track verification. They verify your documents in one hour to increase your buying limit.

4.You can buy Bitcoin and Ethereum using euros, dollars, pounds or any other currencies you wish to use.

5.Global coverage. Coinmama works in 188 countries.

6.Coinmama support answers your questions.

How Does Coinmama Work?

Coinmama offers one of the easiest ways to buy cryptocurrencies. That’s why it’s one of the most popular ways for beginners to get started in the cryptocurrency world. The picture below illustrates the process:

1. First, you register to Coinmama. Takes only 10 seconds.
2. Then you submit your details. 
3. Buy cryptocurrency using your credit card or another payment method.

Coinmama Tutorial – How to Use Coinmama?

1.First, you go to Coinmama homepage.

2.Insert your email address and click “Buy coins”.

(3.Click “Create an account”) If you are a new user on Coinmama.

4.Get your account verified.

In order to secure your identity and security, Coinmama requires that you fill out the personal details before you start trading on Coinmama. The verification is fast and effortless.

5.Choose do you want to buy Bitcoin or Ethereum.

6.Define how much do you want to buy.

7.Make a payment, for example, with your credit card.

8.CONGRATULATIONS! You have now bought Bitcoin or Ethereum on Coinmama.

As you see above, the process of buying Bitcoin or Ethereum on Coinmama is very straightforward. You just need to follow the steps that they provide.

Coinmama Support

Coinmama provides an email support and they promise to come back to you with an answer within 24 hours. They also have an extensive FAQ (Frequently Asked Questions) section on their website. That section will answer to most of your questions but if you need further help you can always contact them by email.

Coinmama Exchange Fees

The only real drawback with Coinmama are their fees. It’s very easy and convenient to buy Bitcoin or Ethereum on their platform but you need to pay them for that convenience. Typical fees are 6-7% per transaction. That’s not huge if you compare to the price volatility of cryptocurrencies but compared to cheaper exchanges those are quite huge.

I have most of the time used Coinbase for buying cryptocurrencies with fiat (euro, dollar, pound) because their platform is also convenient and they have smaller fees.

What Cryptocurrencies Can I Buy on Coinmama?

At the moment, you can buy only Bitcoin and Ethereum on Coinmama. If you want to buy Bitcoin Cash or Litecoin, my #1 recommendation is Coinbase because they give you also a $10 sign up bonus as a new member.

If you want to buy smaller cryptocurrencies my highest recommendations are Binance and Kucoin. I have used them for buying and trading numerous cryptocurrencies.

Their interface is simple and easy-to-use. In addition, Binance is probably the biggest crypto exchange in the world. Both of them have a reputation as a reliable exchange.

Would I Use Coinmama?

A short answer is yes. Coinmama is a reliable crypto exchange and numerous other people are using it as well.

That being said, I personally prefer using exchanges that charge smaller fees. Therefore, I don’t personally use Coinmama as there are are better alternatives out there.

Coinmama Alternatives

If you are a complete beginner and want to buy cryptocurrencies easily, my recommendations are Coinbase or Changelly. If you are looking for my #1 recommendation for trading cryptocurrencies, take a closer look at Binance.

• Coinbase

Coinbase is probably the most well-known cryptocurrency exchange in the world. They provide a $10 sign up bonus for everyone who joins their exchange for the first time. Their platform is very simple and beginner-friendly. It’s also good for more experienced cryptocurrency investors. It’s not a coincidence that they have served already more than 10,000,000 customers worldwide.

• Changelly

If you want to buy cryptocurrencies easily with your credit card, Changelly is one of the best choices for that. They have also served more than 1,8 million customers and have established the reputation as a highly trusted

• Binance

Binance has grown fast into the biggest cryptocurrency exchange by the trading volume. They provide trading for numerous different cryptocurrencies including some rare ones. Binance has one of the smallest fees in the industry because you can trade on their platform with even as low as 0,05% fee. The only significant drawback with Binance is that you can’t use fiat currencies (euro, dollar, pound) on their platform.

Therefore, my recommendation is that you use Changelly, Coinbase or Coinmama to buy Bitcoin and Ethereum. Then transfer it to Binance where you can buy and trade smaller cryptocurrencies if you want. After you have done with the trading, I recommend transferring your funds into a hardware wallet like Trezor.

Conclusion – Is Coinmama a Scam Legit?

Coinmama is certainly a legitimate cryptocurrency exchange. They have been operating more than five years and served more than 1 million customers all over the world in ~200 countries. In my opinion, Coinmama is most suitable for beginners who want to get started and buy Bitcoin or Ethereum easily with a credit card.

The only drawback is that their fees are a bit higher than on some other exchanges. If you want to buy cryptocurrencies with your credit card/bank account I rather recommend using Changelly or Coinbase. For cryptocurrency trading my #1 recommendation is Binance.

On the other hand, if you just want to buy some Bitcoin or Ethereum fast and you don’t mind paying 1-2% extra fees you can just use Coinmama. Their website works well and the support will answer your questions if necessary.

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Have you used Coinmama for buying Bitcoin or Ethereum?

What other cryptocurrency exchanges lihave you used?

Which crypto exchange is your favorite?

Let’s discuss in the comments below! 🙂

4

Changelly Exchange Review: Is Changelly a Scam Or Legit?

Are you looking for a comprehensive Changelly exchange review? If that’s the case, you have landed to exactly right place. In this article, I will tell you everything you need to know about Changelly.

If you have any further questions about Changelly or cryptocurrencies in general, just leave them below and I will be more than happy to help you out personally.

Changelly Exchange Review

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Name: Changelly

Website: www.Changelly.com

Founded: 2015

Type: Cryptocurrency Exchange

Short Review: Changelly is one of the easiest and the most popular ways to buy cryptocurrencies. In my opinion, their platform is the most user-friendly in the whole industry. The fees are also lower than on Coinbase or on many other major exchanges.

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Changelly Tutorial And Video Review

Before you read the whole article, I want to provide you an opportunity take a look at my video tutorial/review of Changelly. I bet you’ll find it helpful and valuable.

What Is Changelly?

Changelly company was founded back in 2013 by the owners of the famous Minergate cryptocurrency mining team. They launched the exchange to the form as it is today in 2015.

Since then Changelly has grown into one of the most popular ways to buy cryptocurrencies. Their interface is easy-to-use and beginner-friendly which has probably been one of the most important reasons for their fast growth. Let me first show a few other benefits of using Changelly and then I’ll show how you can buy cryptocurrencies on their platform.

3 Benefits of Changelly Crypto Exchange

 

1.Buy Cryptocurrencies with Your Credit Card

On Changelly you can buy around 60 different cryptocurrencies using your credit card.

Many major cryptocurrency exchanges enable trades only using other coins. In the other words, you first needed to buy on other exchange, then transfer funds to a new exchange and buy your desired coin there. That can be a time-consuming process.

You will save lots of time if you buy your desired cryptocurrencies directly on Changelly. I know that some people invest a certain portion of their every paycheck to cryptocurrencies. One of the easiest ways to do that is to buy cryptocurrencies on Changelly.

2.Large Availability of Cryptocurrencies (+60 Different Ones!)

I have used and reviewed numerous cryptocurrency exchanges. Some of them support Bitcoin and Ethereum purchases with a credit card like Changelly.

However, I don’t know any other crypto exchange that would support purchases for 60 alt coins using a credit card. Therefore, Changelly is very unique.

3.Changelly Is Cheaper Than Many Competitors

Changelly exchange fees are only 0,5% which is much lower than in a major exchange called Coinbase. Some other cryptocurrency exchanges that enable purchases with credit cards charge up to 7-8% fee. Compared to that 0,5% fee on Changelly is very small.

On the other hand, if you are looking for the cheapest option for trading cryptocurrencies, Binance is a cheaper option. They charge only 0,05% – 0,1% if you pay the fees using their BNB token. You just need to keep in mind that Binance doesn’t support fiat currencies so you already need to own some cryptocurrencies to use them.

Note: If you buy cryptocurrencies on Changelly using your credit card, the fees are higher than 0,5%

Let me point out a few other features of Changelly with bullet points:

• You can exchange Bitcoin to any other supported cryptocurrency
• Changelly fee is only 0.5% per transaction
• Supports USD Tether (USDT).
• You can track your past exchanges by using a user account
• Fast purchases (usually takes only a few minutes even though they say 10-30 min)

=> Do You Like the Benefits of Changelly? Try It Out Yourself!

How Does Changelly Work?

Using Changelly is simple and straightforward. Let me explain you the process step-by-step.

1. Choose what cryptocurrencies you want to change (For example Bitcoin, Ethereum, Litecoin or 60 others).
2. Verify the transaction fees.
3. Enter the receiving wallet address.
4. Confirm the payment.
5. Pay in your chosen currency (Euro, dollar, Bitcoin, Ethereum or any other currency you want).

Usually, the transaction on Changelly happens in a few minutes which makes it very convenient. That’s certainly a benefit for Changelly. On some exchanges, you need to wait for hours which may be frustrating.

In the next chapter, I show you the process with pictures.

How to Use Changelly?

In this example, we want to buy Monero (XMR) for $100.

2.Create an account.

In this example, we decided to pay with USD so the payment will be done with a credit card.

If you would have chosen, the exchanging from one cryptocurrency to another, it would give you a wallet address where you can transfer funds to get your own. Let’s say, for example, that you would exchange BTC to Monero. Then it would give you a BTC address where you can transfer the funds.

After the transfer is completed you will receive your desired cryptocurrency.

Changelly Customer Support

Changelly customer support is serving customers 24/7. Take a look at their Facebook page below:

If you need help with Changelly, there are a few options. The first thing to do is to check out their FAQ (Frequently Asked Questions) page. I bet that you’ll find an answer there to 90% of your questions.

If you need support personally from Changelly for any reason, you can contact them on Facebook or by email to their address support@changelly.com.

I noticed that they have answered Facebook messages usually within a few hours. In addition, they were answering some general questions on their public discussion.

Changelly Reviews – Public Opinion

It’s always good to take a look at what other people are saying before you start using a new crypto exchange. In this case, I have done the research for you and found out what is a public opinion of Changelly.

In general, most cryptocurrency thought leaders recommend Changelly.

Changelly has a reputation as a reliable and easy-to-use crypto exchange. It’s receiving positive reviews from cryptocurrency thought leaders over and over again.

I also had a look at regular customer reviews. Like you may assume, there were positive and negative ones. I have reviewed around 10 different cryptocurrency exchanges and I have noticed that people like to leave negative reviews easily. Even though the problem would have been solved afterward and the customer would be happy, a negative review may stay on the Internet.

Overall, customers have been satisfied with Changelly. But because of the huge rush to the cryptocurrency market, their exchange has also received so many new clients that they couldn’t make everyone happy.

a positive thing that I found out is that Changelly is responding all reviews personally. It seems that they are doing their best to make customers satisfied. Here’s an example of what people are saying about Changelly.

Conclusion – Is Changelly Legit Or a Scam?

Changelly certainly isn’t a scam. They have been operating for several years and have established the reputation as one of the best cryptocurrency exchanges in the world.

In my opinion, Changelly is especially great for beginners and people who don’t have any technical knowledge because it’s so easy-to-use. You just follow the steps on the screen and you can’t really make a mistake.

There are exchanges that are highly advanced like EtherDelta but Changelly is on the different side of the scale. Anybody can use it easily and it’s made very user-friendly on purpose.

=> Try Changelly Yourself Today!

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Which cryptocurrencies have you bought on Changelly?

Have you also used other cryptocurrency exchanges? Which ones?

Let’s discuss in the comments below! 🙂

7

Wealthy Affiliate Compensation Plan: Can You Make $11,234/Month?

Are you looking for an article that explains you the Wealthy Affiliate compensation plan? Are you interested in making money with Wealthy Affiliate? Then you have come to the right place!

I have been a member of member of the Wealthy Affiliate community already since 2015.

How Does Wealthy Affiliate Compensation Plan Work? – My Video Explanation

Some time ago I created a YouTube video where I explain the Wealthy Affiliate compensation plan in detail. I believe you will find it helpful so I wanted to offer you a chance to watch it here.

Did you enjoy the video? Would you like to earn money also with Wealthy Affiliate? Get started today for free!

Wealthy Affiliate Referral Program Explained – 

Members of Wealthy Affiliate can earn money by inviting other people to WA. It’s a typical referral/affiliate program where you earn money by recommending a product.

Wealthy Affiliate is not a multi-level/network marketing system because your purpose is not to build downlines. You don’t build a “team” or anything similar. You simply recommend Wealthy Affiliate to people who might find it valuable.

It works in a same way like any other affiliate program: You earn commissions for each sale. However, WA referral program has a few benefits compared to many other affiliate programs.

One of the best things about Wealthy Affiliate referral program is that you will earn recurring income. It means that you’ll earn monthly or a yearly commission from all of your premium referrals. It also means that the earnings will add up pretty quickly.

10 yearly referrals make you already $1,750 commissions. 100 yearly referrals make you $17,500 in commissions. And you’ll earn that income as long as those referrals stay as members whether you would be working or not. In the other words, you’ll be earning lots of passive income.

How Does Wealthy Affiliate Pay You? – Numbers

As a premium member you earn in the following way:

• $1 for every referral that fills out their Wealthy Affiliate profile (Adds a profile picture and a description)
• Domain name purchases $1 each (recurring yearly)
• First month membership $19 => $8 commission
• Monthly membership $49 => $23,50 commission recurring monthly
• Yearly membership $359 => $175 commission recurring yearly

If you have a free membership on Wealthy Affiliate, you earn half of those amounts as an affiliate. Therefore, I certainly recommend to premium. In addition, if you recommend or promote Wealthy Affiliate to others, it feels natural that you are also using it yourself.

To clarify the numbers let me also show you the following picture:

Commissions don’t sound much at first but I have noticed that they can add up quite quickly. Let me just show you two examples from two of my friends who have been promoting Wealthy Affiliate already for a few years:

Vitaly (one of my mentors) earned about $60,000 in a year just by promoting WA. He made $11,234.50 in November 2017 alone.You can read more about Kyle and Vitaly on my Wealthy Affiliate roundup post where I interviewed 17 members related to the question, “Is Wealthy Affiliate worth it?” They also shared tips for beginners who are interested in earning money online.

That kind of earnings are possible for anyone. If you have the Internet connection and willingness to work hard, you can earn even much more than Vitaly.

=> Want to Earn $11,234.50 in a Month Like Vitaly? Start on Wealthy Affiliate Today!

Of course, I want to remind that such earnigns like $11,234 in a month require tons of hard work. Vitaly has worked for years to achieve such results. That being said, it’s certainly possible for you as well.

Wealthy Affiliate Income Examples

On the Wealthy Affiliate, you can access a simple calculator that will show you the earnings with their affiliate program. I showed how it works in my video above but if you didn’t watch it fully, let me show a few examples here.

Your earnings will depend on 3 factors:

1. The number of referrals per day.
2. Upgrade rate from free membership to premium.
3. Average membership.

In the example above, I have put that you make 7 referrals per day. 10% (1 out of 10) becomes a premium member and they stay 5 months on average as a premium.

 

Wealthy Affiliate Payment Methods

Wealthy Affiliate pays you easily via PayPal. You get the payment at the beginning of each month, usually in the first or the second day of the month. Let me show you an example from my own email:

Most of the affiliate programs that I use also make their payments through PayPal. In my opinion, it’s the most practical way.

Wealthy Affiliate: Affiliate Bootcamp Step-By-Step Training

As you may already know, Wealthy Affiliate has step-by-step trainings on how you can make money online. They have 2 main courses that are called Affiliate Bootcamp and Online Entrepreneur certification (Read more details on my comprehensive WA review here).

In the Affiliate Bootcamp training you will learn how you can make a full-time income just by promoting Wealthy Affiliate. There are 7 levels in the Affiliate Bootcamp:

• Phase 1: Getting Your Business Rolling
• Phase 2: Content, Keywords and Conversions
• Phase 3: Giving Your Site Social Value
• Phase 4: Get visual. Get aesthetic. Get a brand through media
• Phase 5: Knowing Your Audiences & Catapulting Your Income
• Phase 6: Bing, Yahoo & The Power of PPC
• Phase 7: How to Scale Successful PPC Campaigns
• + Each phase consists of 10 comprehensive lessons.

In the other words, Wealthy Affiliate Bootcamp is a very comprehensive online business training. You will learn the skills that you can use for promoting any other product online as well.

At the end of each lesson, you have tasks that you can finish yourself before moving forward. In my opinion, that’s the best kind of studying because you will learn and do at the same time.

After each lesson, there is also a comment section where you can ask help from Kyle (the founder of Wealthy Affiliate) and other WA members. Of course, you can always send me a personal message as well and I’ll be happy to help you out.

Conclusion – Is Wealthy Affiliate Worth It?

Based on my own and other people’s experiences Wealthy Affiliate is certainly worth it. You can make a full-time income by promoting Wealthy Affiliate but, of course, there are numerous WA members who make money by doing something else.

Wealthy Affiliate membership is so cheap that it’s worth having even though you wouldn’t even be their affiliate. They provide wonderful training, resources, keyword tool, networking with successful online entrepreneurs and many more things that will help you to succeed online.

I provide 1-on-1 support for anyone who joins Wealthy Affiliate through my website. I answer to your questions and provide help hand-by-hand so you can become successful online as well. Click the picture below to get started:

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Are you already a member of Wealthy Affiliate?

Would you like to earn money with affiliate marketing? 

Let’s discuss in the comments below! 🙂

If you have any questions, just leave a comment below and I will be more than happy to help you out.

0

StopTheFakes ICO Review: A Project With a Wonderful Purpose!

If you have been looking for a comprehensive StopTheFakes ICO Review, you have come to the right place!

In this article, I will explain everything you need to know on their ICO. I will also analyze whether or not this would be a good investment opportunity for you and me. If you have any questions/thoughts/comments, feel free to let me know below and I will be more than happy to answer you personally.

StopTheFakes ICO Review

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Name: StopTheFakes (STF)

Website: www.StopTheFakes.io

Type: Cryptocurrency Token.

Short Review: StopTheFakes has a unique idea on how to stop the counterfeits. This project is certainly trying to make the world a better place and I want to support that. STF also has a strong team and I believe they are going to deliver great results. I am going to invest in the StopTheFakes ICO myself also because they provide bonuses for early investors.

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Is StopTheFakes Worth Investing? – My Video Review

What Is StopTheFakes?

StopTheFakes is a decentralized service to securing your intellectual property. It will find counterfeits and infringement and stop them effectively. At the moment, numerous industries are suffering from counterfeits and entrepreneurs/producers are losing billions of dollars.

Let me just name a few industries that would benefit from StopTheFakes that fights against counterfeits:

• Movies
• Music
• Clothing
• Cosmetics

Have you ever confronted fake or counterfeit products?

Counterfeits may seem innocent because they are usually cheaper than original products but they set a significant challenge for these industries. Entrepreneurs and companies are using millions of dollars for marketing their own brand. Then if somebody steals their brand, the company loses tons of money.

Some companies may even stop their operations because of the counterfeit. Therefore, StopTheFakes comes to solve a real need. Other great and extremely interesting ICOs that I have recently been following are LanceChain, Friendz and Bankera.

How Does StopTheFakes Work?

StopTheFakes works as an application that works with a mobile device and also with PC.

The application will works in the following way (I simplified the process so you will understand it more easily by reading my article):

1. A company requests for investigation through StopTheFakes application.
2. App users take pictures and send details for counterfeits.
3. The company pays rewards for users who helped them.
4. The company can take action against the counterfeits.

You can already try on their website right away how the StopTheFakes application works.

Users of the StopTheFakes application will earn a pre-determined amount of STF tokens for submitting tasks. After reviewing more than 400 make money online opportunities, I have realized that millions of people worldwide are willing to accomplish this kind of tasks to earn little money.

StopTheFakes ICO and Token Usage

StopTheFakes finished their pre-ICO successfully in January/February of 2018 and the ICO will be held in March. You can see the details in the picture below:

Early investors will still have a chance for 5-15% token bonuses. They may not sound like huge but let’s consider twice. Let’s say that you invest $2,000 in this ICO. 10% bonus would immediately make you $200 “free money”.

Many people don’t earn $200 even in a day or some people don’t earn it in a week and now they can get such bonuses just by investing early.

STF is a utility token. As I explained above, tokens will be used as a payment form in the platform.

One interesting to notice is that the hard cap of the StopTheFakes ICO is only $8,5 million. It means that there’s a great potential for growth when the token hits the exchanges.

=> You Can Participate StopTheFakes ICO Here! (And Claim Your Bonus Up to 15%!)

StopTheFakes Roadmap

StopTheFakes has an ambitious and a great roadmap on their website. Every single month new developments and steps to forward will come. It seems much better than many other cryptocurrency projects that have been pretty stagnant because of a “lazy” team.

Here are the coming steps of the project:

StopTheFakes Team 

At the moment (March 2018), there are 21 members in the team (12 members + 9 advisors). Most of the team members are from Russia and Czech Republic but they have also advisors from Spain and the United States.

In my opinion, they have enough breadth for delivering the product and results that they are promising.

StopTheFakes Reviews: 4,4 Stars Out of 5 on Average

It’s always good to take a look at what other people are saying about specific cryptocurrency projects before you put lots of money in. That will save you lots of money. And not only save but it’ll also help you to earn more money when you know the trends.

Many people would have saved last year thousands of dollars just by checking out my review of BitConnect where I warned people from falling into that scam.

Now let me show some numbers of the StopTheFakes reviews that I have found:

• ICOBench: 4,4 stars out of 5 based on 49 reviews.
• ICOTokennews: 4,4 stars out of 5 based on 28 votes.
• ICOHolder: 4,24 stars out of 5 on average.

The numbers look quite great, huh?

That’s a positive thing of course. I rather want to see this kind of numbers than 2-3 stars out of 5. There are also way too many scams in the ICO world but gladly StopTheFakes is not one of them.

On the other hand, when you are reading the reviews, you always need to take them with a little bit of a grain of salt. Many people who give those reviews have often invested in the specific cryptocurrency themselves. Of course, they give positive reviews because they want that the price will go up.

The other thing that you need to keep in mind that some reviews may be sponsored or the creators earn money from their affiliate links. For example, ICOBench earns money from anyone who visits their sites and participates any ICO through their link. So, they certainly have a financial incentive to promote all ICOs.

That being said, StopTheFakes reviews are better than other ones on average and people really believe in this project.

Conclusion – Is StopTheFakes a Good Investment?

I am going to participate in the StopTheFakes ICO. I hope that I would have found this project earlier so I could have invested during their pre-ICO stage. However, even though I missed that change I can still participate in their real ICO and get bonuses up to 15%.

The hard cap is so small compared to a moderately high demand that I believe that the price will significantly rise when STF hits the exchanges. A great thing is also that the team doesn’t raise more funds than they really need. In my opinion, it’s a positive sign from the team.

=> Visit the StopTheFakes Website Here!

Like as always, I want to remind that investing in StopTheFakes and any other cryptocurrency involves risks. You may make lots of money within a short period of time but that’s not guaranteed. I have seen many people who have also lost money with cryptocurrencies.

That’s why I always recommend you to be careful and not investing money that you would need in your everyday life. If you prefer more secure and guaranteed ways to make money online, I advise having a look at my #1 recommendation.

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What do you think about StopTheFakes?

Will it be a game-changer?

Are you going to invest in their ICO?

Let’s discuss in the comments below! 🙂

(Disclaimer: The above references an opinion and is for information purposes only.  It is not intended to be investment advice.)

0

LanceChain ICO Review: 7 Facts to Consider Before Buying!

If you are looking for a comprehensive LanceChain ICO review, you have come to the right place.

In this article, I am going to explain you the most important facts about the LanceChain project. This is not a sponsored review and I have just gathered the information because of my own interest towards the project.

LanceChain ICO Review

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Name: LanceChain (LANC)

Website: www.LanceChain.com

Launched: 2018

Type: Cryptocurrency Token. Freelance Work Platform.

Short Review: LanceChain is a freelance platform with 0% commissions. It takes advantage of the blockchain and the smart contract technology. Token holders will be able to use tokens on the platform (or sell them further with profits). I have participated in the LanceChain ICO for several reasons that I will explain in this review.

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Is LanceChain a Good Investment? – My Video Review!

Before you go through my detailed and a comprehensive LanceChain ICO review, I want to give you an opportunity to take a look at my LanceChain video review on my YouTube channel.

What Is LanceChain?

LanceChain is building a freelance platform for project owners and freelancers with a 0% commission fee. This is one of the first blockchain-powered freelance platforms in the human history. If/when the project succeeds, the early investors will make huge profits here.

In this article, I am going through 7 points about this ICO:

1. LancheChain Industry/Market
2. The Idea of LanceChain
3. LanceChain ICO Details And Bonuses
4. LanceChain (LANC) Token Allocation
5. Team Analysis
6. Community
7. Product
   

   LanceChain project explained in their own words in this picture.

1.LanceChain Enters a Fast-Growing Market

If you have been following the freelance market recently, you have probably noticed it has been growing extremely fast. Services like Fiverr, HireWriters, Upwork and hundreds of other services have been growing their popularity year by year. More and more people are working remotely as freelancers.

The “digital nomad” movement has also been rising partly because of the rise of the freelancing and remote working. Thousands of people are traveling all over the world because they are able to make their living online. Project owners love to hire freelancers online for several reasons:

1. No need to arrange an office for a freelancer.
2. It’s easy to access talents from all different fields.
3. You can also hire freelancers from other countries (and take advantage of salary differences by hiring freelancers from cheaper countries).

I am always looking for growing industries to invest because it doesn’t really make sense to go for the ones that would be slowly dying. Therefore, LanceChain is great because freelancing is becoming all the time more and more popular.

Here are some statistics of the freelancer industry (taken from the LanceChain whitepaper):

• Annual “Freelancer in America” has predicted that by 2027 the majority of the US workforce will be freelancers.
• ~50% of the millennials are already freelancing today!
• In 2017 in the US the freelance market was worth more than $1,4 trillion. The growth from 2016 was whopping 40%!
• The total number of remote workers and freelancers is growing every minute.

2.LanceChain Takes 0% Commissions

Currently one of the biggest freelance providers are Upwork and Fiverr. However, both of them charge big fees for being a middleman between a project owner and a freelancer.

Upwork takes 20% commissions. which is a pretty big amount in the long run. Take a look at the following example that LanceChain explains on their website.

Let me also show you the illustration of how the LanceChain platform will work:

3.LanceChain ICO Provides Bonuses for Early Investors

If you have invested in other ICOs, you probably know that companies tend to provide bonuses and more tokens for early investors. This is wonderful for early investors because they earn “free money” and it’s also good for a company because they can show that many people have already contributed.

In the other words, it’s a win-win situation.

The following picture explains the bonuses that LanceChain ICO provides for early investors:

Those who invest during the kick-off week get a 42% bonus, in the pre-sale you can get a 36% bonus and during the first ICO round 18% bonus. In the Round 2 of ICO, there isn’t a bonus anymore.

Let’s say, for example, that you invest in LanceChain ICO during the round 1 and you get an 18% bonus. You invest for $1,000 and get $1,180 worth tokens. Then after a while, LanceChain hits exchanges with the same price that they were selling at the ICOs and you immediately have an 18% profit.

Normally earning 18% profit takes 2 years in the stock market on average. That explains how great ICO bonuses can be. ICOs don’t only provide great bonuses for early investors but can also provide huge capital gains. There are several cryptocurrencies that have made even 1,000x gains since their ICO.

Even though I don’t believe that the LanceChain would immediately make 1,000x gains, I believe it’ll still rise significantly from the initial price if the team just keeps on working diligently.

4.LanceChain Token Allocation

The following chart will explain the LanceChain token allocation.

As you can see in the cart, 40% of the collected funds (the biggest part) goes to the software development. 50% of the tokens are sold during the ICO for the public.

Only 10% is distributed to the founders, team members, and early contributors. In addition, they don’t get the tokens immediately. The team will get the tokens with a two years schedule. This means that the team is highly incentivized to raise the value of the LANC token.

5.LanceChain Team 

Based on the LanceChain website, their team consists of 13 people who have a strong experience in the freelancing industry and a vast technical knowledge.

Most of the team members seem to be from Bulgaria. Based on my knowledge the freelancing industry is booming in Bulgaria and in the other countries of Eastern Europe (Ukraine, Romania, etc.).

Therefore, the location of this team is great when we are talking about the freelance industry.

13 persons in a team is already a good number and I believe it will keep on growing when the project moves forward.

6.LanceChain Community Is Growing Fast

LanceChain has already created a big community around the project. They have mostly put effort on building the Facebook page where they have at the moment around 28k followers when I’m writing this review.

The company also regularly updates the information for their email list, Telegram channel, and Twitter page. I have joined their Telegram discussion that has at the moment, 2,430 members. As you can see in the picture below, many new members are coming to the group.

When I joined a group a few days ago, there were only ~2k members and now it has grown almost 20% within a very short period of time. The awareness of LanceChain is clearly growing.

7.LanceChain Platform Will Be Launched in Q4

Even though LanceChain provides a great idea and their quality of work has been great so far, they haven’t built a platform yet. In the picture below, you can have a look at their roadmap:

LanceChain ICO is held in March 2018. The token is planned to list on exchanges in June. The LanceChain platform will happen within the fourth quarter of 2018.

The mobile app will be launched at the beginning of 2019. After that, 8the development will continue even further.

Q4 2018 will be certainly interesting for LanceChain token holders because the platform is launched. Usually, cryptocurrencies experience significant price changes when the product is finally launched.

Conclusion – Is LanceChain a Good Investment?

I have invested in the LanceChain ICO because I believe it will provide good profits for early investors. I also received the bonus because I was investing early which is another great thing.

I have worked as a freelancer and I have hired freelancers. The industry is booming fast and I see that there is a great need for services like LanceChain. Their interesting model of 0% commission fees with a subscription-based membership feels great.

There is a great and growing need for platforms like LanceChain.

Personally, I have invested some money in the LanceChain ICO and I will follow this project with a great excitement. I believe it has a great possibility to provide big returns for early investors. In addition, I am always hiring freelancers so I would like to try their platform when it’ll be launched.

That being said, I always want to remind that investing in cryptocurrencies involves risks and you can also lose money. If you prefer guaranteed ways to make money online, I recommend taking a look at my #1 recommendation.

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What do you think about LanceChain?

Is it worth buying or not?

How Much will the value be in the future?

Let’s discuss in the comments below! 🙂

(Disclaimer: The above references an opinion and is for information purposes only.  It is not intended to be investment advice.)

2

Is IOStoken a Good Investment? What You MUST Know!

What is IOStoken? Is IOStoken a Good Investment? How Much Should I Invest in IOStoken?

If you have any question about IOStoken, you have come to the right place. In this article, I will discuss all facts about IOStoken. I am sure you’ll find this article helpful and valuable. Enjoy!

IOStoken Review

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Name: IOStoken

Launched: 2018

Type: Cryptocurrency

Short Review: IOS stands for Internet of Services. The Internet of Things (IoT) refers to a sizeable digital market made of physical appliances that have been connected to digital values like apps, data or contracts in an accessible form. The IOStoken is a blockchain with a target of enhancing scalability and high transaction throughput in a bid to improve the blockchain. IOStoken is promoting the Internet of Services, which is the future of IoT.

IOStoken provided huge returns for the early investors but some people have also lost tens of thousands of dollars with this cryptocurrency. Therefore, we advise you to be careful and only invest money that you are comfortable to lose.

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What is IOStoken?

IOS will be capable of supporting about 100,000 transactions for every second, which might make it overtake Ethereum and Bitcoin which are the leading implementations of the blockchain technology. The goal of IOStoken is to promote the Internet of Things market to make business and economy a lot easier by promoting secure and straightforward orders, transactions, data exchange, processing and so on.

How Does IOStoken Work? / Benefits of IOStoken

The goal of IOStoken is to build a digital ecosystem based on the internet of services. The Ethereum blockchain will host the ecosystem in some decentralized platform developed for the purpose of trading digital goods and services. This way, people will be in a position to use IOStoken (IOST) for the purchase of services that they need. The purchasing will be done based on smart contracts that run on Ethereum blockchain.

By use of a particular amount of tokens that fit the price, the buyers in the community will be able to gain access to certain services within the time specified in the contract. The IOS platform will provide the users with a decentralized way of exchanging digital goods and online services, and allow developers to deploy large-scale dApps (Decentralized Applications) capable of supporting a high number of users.

The IOStoken project makes use of Efficient Distributed Sharding technology in order to improve the scalability of the network. It dynamically partitions the IOS network into subspaces via a stochastic and unbiased process. Such a business model allows for a high transaction throughput. In IOStoken, the consensus mechanism is based on Proof-of-Believability approach which does not need mining.

The believability of the network nodes of computed depending on their contributions as well as their previous behavior. When this aspect is combined with algorithmic randomness, the network participants shouldn’t have any issues whatsoever. The platform also features a transform feedback system, which will provide users with a way to rate the completed services.

Bitcoin relies on proof of work (PoW) algorithm for verification of transactions. This algorithm involves consumption of high amounts of electricity. Blockchains such as Ethereum are working on developing and implementing the proof of stake consensus algorithm that is faster and involves less consumption of electricity.

However, the proof of Believability consensus algorithm used in IOStoken takes this further in a bid to create a more intelligent blockchain. IOStoken can be seen to be an enterprise blockchain. It is geared towards supporting service-oriented goods and services that have a large customer base.

Risks of IOSToken

Despite the many advantages associated with IOStoken, it also has a number of challenges. IOStoken is a new project whose mainnet may go live in 2019. This has made it record a low liquidity outside the Chinese exchanges. However, this is expected to change once the mainnet goes live.

It is early to tell how liquid the token will be. Currently, there is no clear roadmap for the project, which makes us get worried. However, the benefits associated with the project outweigh the challenges. It has attracted investment interest from entities such as equoia, Nirvana Capital, and DFund.

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IOStoken Team

Other than the three co-founders of IOStoken, the project has 12 employees and 4 advisors. The project was co-founded by the following three members:

• Terrance Wang
• Jimmy Zhong
• Ray Xiao

Most of the team members have advanced degrees from world-leading universities such as University of Wisconsin, Princeton, John Hopkins University, the University of California-Berkley, Harvard, and Cornell.

The IOStoken team comprises members who are well-educated, competent and capable of executing a technically complex project roadmap. The IOStoken project has also attracted partners, mostly from the crypto-oriented companies. So far, IOStoken has partnered with sixteen companies including the following:

• ZhenFund
• Sequoia
• Matrix
• BANYAN CAPITAL
• Metropolis VC
• INBlockchain
• Fibig Capital
• Nirvana Capital
• Danhua Capital
• DFund etc.

The IOS foundation is also looking for partnership in the area of IoT, sharing economy and smart devices. These connections will expand the IOS node ecosystem and this blockchain will keep on proliferating.

IOStoken Community

The IOStoken has established a strong community of cryptocurrency lovers. It is very active on Twitter and Telegram. However, IOStoken has a very small community on Reddit when you compare it to the other cryptocurrencies.

You can find IOStoken on the following social media platforms on which you can engage them:

• Telegram – They have 40K+ members on Telegram
• Medium
• Twitter – Its Twitter page has 221K+ followers.

Is IOStoken Worth Buying?

No information had been released about IOStoken prior to its launch. The reason is that pre-sale of the token was made private and only the elite were given chance to purchase it. Despite this, investors from China, United States, and South Korea were not allowed to purchase it. The sale of the coin was made public on 16^th January 2018, during which the coin was worth $0.02.

Within 8 days, the coin had shown a steady bullish trend which is an indication of the potential of the coin. The coin’s price rose to $0.096104 USD on January 25th, representing a price increase of 380% increase in one week. However, the price of the coin has gone down by a small percentage.

The question is, “Is the Coin Worth Buying?” I think Yes. Every investor is keen when investing his or her money in a business that is expected to bring profits. I think IOST is a coin that can bring you profits. After observing the current trend of the coin, it is very clear that the coin has much potential.

The coin recorded a 380% increase in price at a time when the prices of other coins were going down. In fact, IOST is the only coin that showed a bullish trend in January 2018, with the other cryptocurrencies showing a bearish trend after the hike in prices in December 2017. Considering that the coin has gained value during such a hard time, its value will increase further in 2018.

IOST Price Prediction for 2018

There is a total supply of 21 billion IOST with a market cap of $788,952,426. The Internet of Things technology is also gaining popularity on a daily basis. The price of IOST is not expected to fall in the short-term.

IOST has a value of 0.0332 USD per token at 2018-03-04. If you afford to buy IOST for 100 dollars today, you will get 3010.876 IOST. Based on my forecast, a long-term increase in the value of IOST is expected, may be up to 0.817 US Dollars by 2023-02-25.

For a 5-year investment, its revenue will be around +2358.7%. Your $100 investment may become $2458.7 in 2022.

Is this realistic prediction? Yes. Is this guaranteed? Not at all!

Anything can happen in the cryptocurrency market and I always recommend that you learn the essential skills before putting any money into cryptocurrencies.

Conclusion – Is IOStoken a Good Investment?

I think So! The idea behind IOStoken is very great. The IOStoken is geared towards enhancing the internet of services, which marks the future of IoT. The IOStoken will benefit from the increasing popularity of IoT, and the value of its coin will increase. Although the price of IOST may decrease soon after the recent hike, it will gain momentum and go up again.

IOStoken has also introduced a new consensus algorithm, that is, proof of believability. Most cryptocurrencies rely on the proof of work consensus algorithm in which the network participants must go through mining, during which a lot of electricity is consumed. A high computing power is also needed for mining.

With the proof of believability, no mining is needed and the consumption of electricity will be reduced greatly. This is what cryptocurrency lovers have been waiting for, hence IOStoken is attracting a greater interest from all corners of the world. Don’t forget the great team behind the IOStoken project.

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What Do You Think About the Future of IOStoken?

Will its Price Go Up or Down?

Will you Invest in IOStoken?

I Will Be Happy To Hear Your Genuine Opinion About This Cryptocurrency!

Let’s discuss in the comments below! 🙂

(Disclaimer: The above references an opinion and is for information purposes only.  It is not intended to be investment advice.)