18

What Is Etrade and How Does It Work? Read Our Informative Review!

70

Is Coinbase Legit? Yes, It Is According to My Experience!

8

Is LocalBitcoins a Scam or Legit? This Is What We Found Out!

Are you looking for a reliable bitcoin exchange? Or did some of your friends recommend LocalBitcoins for you? In this review, I am going to describe their service and answer to a question is LocalBitcoins a Scam or Legit.

LocalBitcoins Review

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Name: LocalBitcoins
Website: www.LocalBitcoins.com
Founded: 2012 in Finland
Field: Bitcoin Exchange
Overall Rank: 90 out of 100

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What Is LocalBitcoins

LocalBitcoins.com is a person-to-person bitcoin trading site. It means that in LocalBitcoins people from all around the world can exchange their local currency to bitcoins. Members can post advertisements where they say their exchange rate and payment methods for selling or buying bitcoins. The other members can reply to these advertisements and agree to meet the person to buy bitcoins with cash. Currency can also be exchanged directly with online banking.

On the picture below, you can see offers that other LocalBitcoins have offered. They want to sell bitcoins and by clicking “Buy”, you can go and buy those bitcoins with online banking. (I am living in Austria so it shows me “Buy bitcoins online in Austria. For it shows “Buy bitcoins online in  YOUR_COUNTRY”.)

You can also see people nearby who would like to change bitcoins to cash. (see the picture below)

=> Create Free Account on LocalBitcoins!

Why LocalBitcoins Seems to Be Legit?

First time when I heard about LocalBitcoins was when one of my good friends was working there. He explained me the success of LocalBitcoins and I was quite impressed. In a few years they have hugely grown and each year they seem to grow even more and more.

I heard that there were a very good working spirit and a great work environment. People who worked there had a very good attitude and they concentrated on going forward. If you are interested, they are also currently looking for new employees on their website.

LocalBitcoins is also founded in Finland which is already a good sign. If it would be registered to some not-so-reliable country, it wouldn’t seem so good in my eyes. Their platform is also very clean and they have a support available for questions. Their social media accounts also bring more reliability because founders and employees are showing their faces and identities. It would be hard to believe that LocalBitcoins would be a scam.

LocalBitcoins is also ranked 3 on Top 40+ Sites to Buy Bitcoin on BestBitcoinExchange.io, their trust score is A and rating 9,65 out of 10.

I found some negative reviews about LocalBitcoins. But I wasn’t so surprised this time. When I made a review about #1 and the biggest bitcoin exchange I also found many negative reviews. They seem to be typical for bitcoin sites. It’s the same with online flight booking sites. If you look for reviews about Momondo, Expedia, and other similar sites, you will find tons of negative reviews even though they are quite reliable companies.

Some people seem to have a tendency to complain even if there wouldn’t be a big reason to complain. But, of course, complaints need to be taken with respect and see if some of them are real or not. On one site, LocalBitcoins support employee was answering those complaints and trying to help people.

How to Add Your Account Security?

Having all your bitcoins behind one password is not ultimately safe. What if somebody gets your password, logs into your account and takes your money? That’s why I recommend to add a two-factor authentication to your account.

It works either by downloading a mobile app or by printing a security code on paper. When you are about to log in, they ask for your two-factor authentication code and password, before letting you in. So if somebody gets your password, he can’t get into your account without that other code.

You may be wondering, what happens if you lose your two-factor authentication code. That happened to me with another bitcoin exchange because my phone broke where I had downloaded an app. I was a bit nervous if I will get my money out there or not. So I contacted support. They asked me a few questions that I only would have known. For example, when did I open my account, how many times I have changed bitcoins, where is my passport issued etc. Then they unlocked an account to me.

So it may not be a huge problem if you lose your code but I recommend that don’t lose it. LocalBitcoins has also a section in their F.A.Q. about losing a two-factor authentication code so it seems to have happened to many people already.

Pros & Cons

Pros:

• Ranked #3 in the best bitcoin exchange ranking
• Trust Score A. Ranking 9,65 out of 10
• Good reputation
• Positive things heard from a person who was working there
• Founded in Finland
• Employees show their faces and identity openly
• You can create an account for free

Cons:

• Some negative reviews can be found online
• You need to be careful if you change bitcoins in person

Conclusion – Is LocalBitcoins Legit?

LocalBitcoins seems to be legit until we receive a proof to the contrary. The only thing that makes it a bit suspicious are some negative reviews but I think that there complaints about any company that has ever been. There are many aspects that make this company seem very reliable. I think that they couldn’t be running so successfully if they wouldn’t be legit.

Even though I have earned good money with bitcoins, my passion for making online is still affiliate marketing. It gives the freedom to make money online while providing valuable information to readers. It also allows making this world a better place one reader at a time. Would you like to learn affiliate marketing too?

=> Take a look at #1 affiliate marketing training online. That’s a good way to earn some equity that you can invest in bitcoins. Affiliate can bring you a monthly (or even daily) cash flow, unlike bitcoins where the only way of earning is capital gains.

LocalBitcoins at a Glance…

Name: LocalBitcoins
Website: www.LocalBitcoins.com
Founded: 2012 in Finland
Field: Bitcoin Exchange
Overall Rank: 90 out of 100

 

Have you used LocalBitcoins or other bitcoin exchanges? Did you find them reliable? Leave a comment below!

18

“What Are the Benefits of Bitcoins?” – Here Are 7 Interesting Benefits!

Last week I explained What are bitcoins and how do you get them. I also explained how I earned easy 1500€ with bitcoins and my friends have earned MUCH more. Today I am going to tell you what are the benefits of bitcoins. I will give you 7 benefits of using and investing in bitcoins.

1.Low Inflation Risk

A value of $1,000 dollars has decreased to $45 in 100 years. Having lots of dollars (or any other currency) in your bank account doesn’t seem to be very wise. Bitcoin doesn’t have a similar risk of inflation because only about 21 million Bitcoins will ever be released. It’s said beforehand how many bitcoins will ever be in the world. Nobody can make more of them.

But think about normal currencies. European Central Bank decides, “Hey, let’s make a few billion euros!” That moment the value of your cash in your pocket goes down fast. By buying bitcoins you diminish the risk of losing your hard-earned money. Some people say that you don’t need to collect money. “Who knows if you are going to live tomorrow?” Well, if you don’t die today you still need to buy some food for tomorrow and probably for your family too. We don’t need to be selfish with money but the wise planning of your money is definitely profitable.

“Poor people say that saving money is safe and investing is risky. Rich people say that saving money is risky and investing is wise.” -Robert Kiyosaki

2.It Is Decentralized -> Purchases Are Not Taxed (depends on the country)

A decentralized currency means that any organization, bank or any institution doesn’t run the currency. It doesn’t have central control. It allows means that all purchases are anonymous and they don’t happen any bank or country. Is it a good thing or not? You can decide yourself but at least it has many benefits. One of them is that your purchases are not taxed in some countries. But this depends on how countries have regulated about bitcoins.

This allows companies to give you discounts if you are paying with bitcoins. When I was buying flight tickets from Air Baltic, I saw that I get around $10 discount if I pay with bitcoins. Air Baltic is not the only company that gives discounts when you are paying with bitcoins.

3.Immediate Transactions

Let’s say that you want to transfer your money to your friend and he has a different bank than you have. Normally, it takes 1-3 business days that the money will be on your friend’s bank account. Most of the time this doesn’t make any problems if you are planning your life ahead but would it be easier if transactions would be immediate?

With bitcoins, you can transfer money in seconds. You don’t need to wait for days that your friend gets the money. This can also help if you are a business owner. Your client’s payment will come to your account faster than before. You can also pay faster to your business partners and so on. Immediate transactions with bitcoins just make the life one step easier.

=> Get $10 of Free Bitcoins! (From the World’s Most Popular Bitcoin Exchange)

4.Global Currency – You Can Use It In Tens of Countries

If you are traveling around the world, many times you need to change the currency. Now in EU we have the same currency in most of the countries so then you don’t need to change euros. I have realized that it makes traveling a bit cheaper and easier. It’s not a big thing to go to a currency exchange and change your currency but it still takes some time. It’s just easier to have some money all the time.

If you are changing currency, the exchange company always takes some fee of a transaction. It would save your money if you wouldn’t need to change it. These currency exchanges wouldn’t exist and those people would focus their energy on something else to make this world a better place.

With bitcoins, you can already pay in tens of different countries. Do you know the actual amount? Leave a comment below.

 5.Diversify Your Money – Lower Your Risk

Have you ever thought what happens if you have money on your bank account and then the bank collapses and makes a bankruptcy. It’s not happening every day but sometimes during economic depressions, these things have happened.

In some countries, the state has insured your money to a certain extent but that’s not the case in all countries. And if you have lots of money on a bank account, then the state will not probably pay the whole sum. Think what would happen to a state’s economy if some main banks would make a bankruptcy. The state would need to pay all clients money and the whole economy would go down very fast.

If you own bitcoins, then you are diversifying your money. If you have money in 10 places, it’s not so big problem if you lose one of those. But if you have all eggs in one basket, you are taking a huge risk.

6.No Monthly Fees Like in Bank Accounts

In most of the banks, you need to pay fees for keeping your money in their bank and for using their service. It may be low like 3€/month but in some banks, it’s more. If you are under 26 years old, you may get a bank account without any fees but most of the people are over 26.

With bitcoins, you are not paying any monthly fees for any party. Your money is on your bitcoin wallet for free. You only pay for transactions you make and transactions fees are usually very low.

7.Huge Income Potential

What if you had bought bitcoins for $1,000 in 2009? Now you would be a millionaire. Now we are living 2017 and maybe after 8 years a guy comes to ask you again, “What if you had bought bitcoins for $1,000 in 2017?” What if you would be a millionaire again and you missed the chance again. Bitcoins really seem a great way to earn passive income.

Nobody knows exactly how bitcoin’s value is going to develop but because of its benefits, I believe that it will more likely go up a lot. I invested only 500-600€ in Bitcoins and now I have already made +1,500€ which make the total value of my bitcoins +2,000€. It’s still not a big sum and I am thinking about buying them more in the future. What if same happens to bitcoin’s value that has happened before and it goes 100x. Then my 2,000€ will be 200,000€. Wouldn’t be bad for me? 😉

There are people who have made tens of thousands or even millions in a few months with bitcoins. I recommend that don’t risk all your equity with bitcoins but maybe you could make some profit too.

 

+ Bonus Benefit for You: Get $10 of Bitcoins for Free!

One of the largest bitcoin companies in the world offers a $10 bonus for you if you buy bitcoins for $100 through my link. You and I will both earn $10 of free bitcoin so you are supporting my blog too by investing in bitcoins.

It will be probably the easiest $10 that you have ever earned. If you are wondering is Coinbase legit, I can tell you that it has already served more than 5,200,000 customers, the company is working in 32 different countries and there have been already +$5 billion dollars exchanged. Quite impressive, huh?

If you don’t believe that the value of bitcoin will go up in the future, you can just take your $10 bonus and sell bitcoins right away. Then you won $10 anyway and had 0 risks. But if you believe that bitcoin could go up in value in the future, then you can leave bitcoins to your wallet and see how value will change in the future.

 

Do you already have bitcoins? How much profit have you already made? Leave a comment below!

12

Nordnet Bank Review – Great Service with Low Cost!

Today we are I am going to give you my personal review on my #1 recommendation for a brokerage firm.

If you want low costs, fast and reliable service and easy platform, then you may want to hear more about Nordnet Bank. I will also bust some myths about investing.

What is Nordnet Bank?

Nordnet Bank AB is a Nordic online bank and stock broker that provides service in Finland, Sweden, Norway and Denmark. The company is founded in Sweden in 1996 and today it’s biggest brokerage firm in Nordic countries. Nowadays they have more than 500,000 clients.

Is Investing Risky? That’s What I Thought Before.

“Poor people think that saving money is wise and investing is risky. But rich people think that investing is wise and saving is risky.” -Robert Kiyosaki

I thought before that investing is risky, it’s only for greedy people and that I shouldn’t be doing that. Then I talked with one of my good friends, read several books, blog articles and teaching videos about investing. I realized that my beliefs were false.

Investing is actually a good way to maintain your money and earn more. It’s not rocket-science but simple things that anyone can learn. Of course, there are many strategies for stock market investing but anyone can be profitable by buying and holding a well-diversified portfolio. If you don’t have a lot of  capital, you can buy funds for 15€/month which will give you a diversified portfolio right away.

Buy and hold a reliable fund for 15€/month and you are already a profitable investor. It won’t make you rich but the more money you have, the more you will earn. Take all the ups and downs and in the long run, you will be profitable. That’s what 200-300 years of history have taught us. Stock index goes always eventually up, up and up. Check the image below!

The picture above illustrates you how much index goes up all the time. It has some downs during the years but over the time course, the trend is always up. That’s the reason why rich people think investing is wise! 😉

Why Nordnet?

There are many brokerage firms and banks out there where you could buy stocks, bonds, mutual funds and other investing products. When I was looking for a right one I was most interested in the companies that have low fees.

I saw that some banks take fees even for keeping your stocks. Some had lower prices when trading stocks and some had higher. Then I found Nordnet.

Their buying/selling fees are low, they don’t have any fees for maintaining the stocks and in addition, they have some funds with 0% administrative fees. Normally funds have 1,5-3% administrative fees which eventually take a big part of your profits but a fund with 0% fees is amazing.

Why have they that kind of fund?

Superfunds in Nordnet

Nordnet’s so-called “SuperFunds” take 0€ administrative fees. You read right. 0€. 0%. Zero!

They are not earning anything with that fund but the idea behind it is to get more clients. They believe that people will eventually their other service which will bring money in. With those funds, they are actually losing some money but they have calculated that it’s profitable for them because many clients buy their other products.

For example, I bought only shares of Superfunds in the beginning but after a while ended up buying other stocks which benefit Nordnet because they earn some administrative fees.

There are 4 Superfunds:

• Finland’s Superfund
• Norway’s Superfund
• Sweden’s Superfund
• Denmark’s Superfund

All funds make up a well-diversified portfolio. For example, Finland’s Superfund consists of the biggest companies from Finland: Sampo, Kone, Nokia, UPM-Kymmene etc. Superfunds are literally GREAT!

Prices in Nordnet

As I mentioned before, they don’t take any monthly fees for maintaining your money.

Trading fees depend on how much you have been trading in the last month. The lowest level is 0,06%/Min.3€ and the highest level is 0,20%/Min.9€. It means that in the lowest level you have to pay at least 3 euros per trade or 0,06% per trade.

As you can see, the more you trade, the lower price you will have. Even though you wouldn’t trade a lot of fees are not very high. With 0 trades/month, your trading fee is 0,20%/Min.9€. I don’t trade stocks almost at all because I use “buy and hold” -strategy and I am satisfied with Nordnet’s prices.

Prices are a little different depending on which country you are buying and selling stocks but you will find all their prices on their website.

Nordnet’s Investing Training

Nordnet provides many kinds of training that teaches you some principles about investing to the stock market. They have blogs, podcasts, expert articles, and webinars.

I have used all of their content and it has been mostly very informative. Some expert articles can give good insights even for very experienced investors. But be aware that all their thoughts are just opinions and you must never 100% rely on someone’s opinion. You make investment choices. You take the responsibility.

Their webinars teach for example following subjects

• How compound interest works
• What do different numbers (e.g. P/e) mean
• How much tax you must pay
• How to get started
• and much more.

My Final Opinion on Nordnet

If you live in Nordic countries and you are interested in investing, I can recommend Nordnet for you based on my own experiences. I have never had any problems with their website, customer service or with anything.

Let the money work for you. Create an account to Nordnet!

Investing seems to be a wise way to maintain money against inflation and to earn more without much effort. The more you learn, the more you earn. That’s usually how it goes with investing. But if you want to invest, you need some money to get started. You can’t start investing with 0€.

If you are interested in making money online, I would recommend heading to Wealthy Affiliate. They have a comprehensive training that teaches step by step how to build your very own online business from the scratch. It really seems to work. Read these 5 examples of people who started earning +$10,000/month with their skills learned from Wealthy Affiliate.

My dream is to be able to earn money online. Then I could invest the money in the stock market or to real estate and live anywhere in the world, for example, in Asia. Interested in the opportunity? Start free training!

What Kind of Reviews Do You Want?

This is our first review about a brokerage firm on YourOnlineRevenue.com. We have now made reviews on:

• “Make money online” training products
• Domain hosting programs
• Mobile apps to make money online
• Brokerage firm

You can find all our reviews here. Here is the review of our #1 rated product (98/100).

Let us know what kind of reviews you would like to have more in the future.

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