cryptocurrency wallet

Poolin global cryptocurrency mining pool

What is Poolin

Poolin is a global cryptocurrency mining pool that allows users to combine their computing resources to mine various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others. It was founded in 2017 by a group of Chinese cryptocurrency enthusiasts and quickly became one of the largest mining pools in the world.

Poolin uses a payment system called Pay Per Share Plus (PPS+), which guarantees miners a stable income even in volatile market conditions. The pool also offers other features such as real-time monitoring of mining activities, mobile apps, and detailed statistics on mining earnings.

In addition to its mining pool services, Poolin also offers a cryptocurrency wallet and exchange platform, making it a comprehensive solution for cryptocurrency mining and trading.

The history of Poolin

Poolin was founded in 2017 by a team of Chinese cryptocurrency enthusiasts led by CEO Zhibiao Pan. The team included developers who had previously worked on the Antpool and BTC.com mining pools.

In just a few months after its launch, Poolin became one of the largest mining pools in the world, attracting a significant share of the global hashrate. By early 2018, Poolin had become the second-largest Bitcoin mining pool in terms of hashrate.

In 2019, Poolin expanded its services to include cryptocurrency wallet and exchange platforms, offering a comprehensive solution for cryptocurrency users. The exchange platform allows users to trade various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others.

In 2020, Poolin announced the launch of its mining subsidiary, Poolin Mining, which offers a range of mining hardware solutions to its users. The same year, Poolin also launched a new mining pool for the Grin cryptocurrency, becoming one of the first pools to support this relatively new cryptocurrency.

Today, Poolin is one of the largest and most respected mining pools in the world, offering a range of services to its users, including mining pool, wallet, exchange, and hardware solutions.

How Poolin works

Poolin operates as a mining pool, where multiple miners combine their computing resources to increase the chances of mining a block and earning rewards. Here is how it works:

1. Joining the pool: To join Poolin, a miner needs to create an account on the platform and configure their mining software to connect to the pool’s server. Poolin supports several mining software, including BFGminer, CGminer, and others.
2. Mining process: Once a miner joins the pool, their computing power is added to the pool’s hashrate. Poolin uses a pay-per-share (PPS) payout system, which means that miners receive a fixed payout for each share they contribute to the pool’s hashrate. This ensures a stable income for miners, regardless of the pool’s luck or market volatility.
3. Earnings and payouts: Poolin calculates earnings in real-time and provides detailed statistics on a miner’s mining activities, including hashrate, shares submitted, and earnings. The platform also supports various payout methods, including Bitcoin, Ethereum, Litecoin, and others.

In addition to its mining pool services, Poolin also offers a range of other services, including cryptocurrency wallet and exchange platforms, mining hardware solutions, and mobile apps. These services allow users to manage their mining activities and cryptocurrency assets more efficiently and conveniently.

Does Poolin charge a fee

Yes, Poolin charges a fee for its mining pool services. The fee varies depending on the cryptocurrency being mined and the payout method chosen by the user. For Bitcoin mining, Poolin charges a 2.5% fee for PPS payouts and a 3% fee for Pay Per Last N Shares (PPLNS) payouts. The fee for Ethereum mining is 1%, while the fee for Litecoin mining is 1.5%.

The fees are used to cover the costs of running the pool, including server maintenance, development, and support. While the fees may seem high, they are in line with industry standards, and Poolin offers a high level of reliability and stability, which can be particularly important in the volatile cryptocurrency market. Additionally, Poolin’s PPS+ payout system ensures that miners receive a stable income, regardless of market conditions or the pool’s luck in mining blocks.

What is The Wirex Token (WXT)

The Wirex Token (WXT) is a cryptocurrency developed by Wirex, a digital payment platform that offers cryptocurrency wallets, exchange services, and debit cards that enable users to convert and spend cryptocurrencies at point-of-sale (POS) terminals worldwide.

WXT is built on the Ethereum blockchain and operates as an ERC-20 token. It is used as a means of exchange within the Wirex platform, allowing users to access premium features, such as higher withdrawal limits and lower fees. Additionally, holding WXT can provide users with access to exclusive discounts and rewards, such as cashback on purchases made with the Wirex Visa card.

Wirex also allows users to earn WXT through its referral program, where users receive a reward for each new user they refer to the platform.

Overall, the Wirex Token (WXT) is designed to enhance the user experience and incentivize engagement with the Wirex platform, providing a range of benefits and rewards for its users.

The history of The Wirex Token (WXT)

The Wirex Token (WXT) was launched by the Wirex platform in 2019. The development of the WXT token was part of Wirex’s broader strategy to enhance the user experience and incentivize engagement with its platform.

Prior to the launch of the WXT token, Wirex had already established itself as a leading provider of digital payment services, offering cryptocurrency wallets, exchange services, and debit cards that allow users to convert and spend cryptocurrencies at point-of-sale terminals worldwide.

The WXT token was designed to provide additional benefits and rewards to Wirex users, including discounted fees, cashback rewards, and access to premium features such as higher withdrawal limits. The token was built on the Ethereum blockchain, utilizing the ERC-20 standard for compatibility with other Ethereum-based tokens and wallets.

Wirex launched an initial coin offering (ICO) to raise funds for the development and promotion of the WXT token. The ICO was successful, with over $20 million raised from investors worldwide.

Since its launch, the WXT token has continued to gain popularity, with its value rising significantly in 2021 amid the wider bull run in the cryptocurrency market. Wirex has continued to expand its range of services and features, with the WXT token remaining at the heart of its platform as a means of exchange and incentive for user engagement.

How The Wirex Token (WXT) works

The Wirex Token (WXT) operates as a means of exchange and incentive within the Wirex platform. Here is how it works:

1. Means of exchange: Users can purchase WXT tokens using fiat currency or other cryptocurrencies and then use them to pay for services and products within the Wirex platform. For example, users can use WXT to buy and sell cryptocurrencies, transfer funds, or pay for goods and services using the Wirex Visa card.
2. Rewards and incentives: Wirex offers a range of rewards and incentives to users who hold and use WXT tokens. These rewards include discounted fees, cashback rewards, and access to premium features such as higher withdrawal limits. The more WXT a user holds or spends, the greater the rewards they can receive.
3. Staking: Wirex users can also earn rewards by staking their WXT tokens. Staking involves holding a certain amount of WXT in a wallet for a specified period, during which users can earn interest or other rewards. The longer the staking period and the higher the amount of WXT staked, the greater the rewards that can be earned.
4. Referral program: Wirex users can earn WXT tokens by referring new users to the platform. For each new user referred, the referrer receives a reward in WXT.

Overall, the Wirex Token (WXT) provides a range of benefits and incentives to Wirex users, making it a central part of the Wirex platform and ecosystem.

Can The Wirex Token (WXT) be trusted

Wirex is a legitimate and regulated digital payment platform that has been in operation since 2015. The company is headquartered in London, UK, and has offices in several other countries worldwide. Wirex is regulated by the UK’s Financial Conduct Authority (FCA) and holds an e-money license, which requires the company to comply with strict regulations and safeguards to protect customer funds and data.

The WXT token is built on the Ethereum blockchain, utilizing the ERC-20 standard, which is widely used and trusted in the cryptocurrency industry. The WXT token is also audited by third-party security firms to ensure its security and integrity.

However, like any cryptocurrency or digital asset, the value of the WXT token can be volatile and subject to market fluctuations. Additionally, investing in cryptocurrencies comes with risks, including the risk of losing the entire investment. Therefore, it is important to carefully consider the risks and benefits of investing in WXT or any other cryptocurrency and to conduct thorough research before making any investment decisions.

How to get The Wirex Token (WXT)

Here’s a step-by-step guide on how to get the Wirex Token (WXT):

1. Create a Wirex account: To get the WXT token, you need to first create an account with Wirex. You can sign up on the Wirex website or download the Wirex app on your mobile device.
2. Verify your identity: To comply with regulatory requirements, you will need to verify your identity by providing a valid ID and proof of address.
3. Fund your account: Once your account is verified, you can fund it using a bank transfer, credit or debit card, or other supported payment methods.
4. Purchase WXT tokens: After funding your account, you can purchase WXT tokens by clicking on the “Buy Crypto” button in the Wirex app or website and selecting the WXT token from the list of available cryptocurrencies. You can then enter the amount of WXT you want to purchase and complete the transaction.
5. Store your WXT tokens: After purchasing WXT tokens, you can store them in your Wirex wallet or transfer them to a compatible Ethereum-based wallet.
6. Use your WXT tokens: You can use your WXT tokens to pay for services and products within the Wirex platform, earn rewards and incentives, or trade them on supported cryptocurrency exchanges.

Remember to always be cautious when purchasing and storing cryptocurrencies. Ensure that you use strong passwords, enable two-factor authentication, and store your private keys and recovery phrases in a safe place.

Wirex cryptocurrency wallet and payment card provider

What is Wirex

Wirex is a cryptocurrency wallet and payment card provider that allows users to buy, hold, and spend a variety of digital and traditional currencies using a single platform.

Wirex was founded in 2014 by Dmitry Lazarichev and Pavel Matveev. The two founders had a background in the finance industry and had previously worked together on several financial technology projects. They founded Wirex with the goal of creating a platform that would make it easier for people to buy, hold, and spend cryptocurrencies.

In 2016, the company rebranded as Wirex and expanded its services to include support for other cryptocurrencies, such as Litecoin and Ripple.

Over the years, Wirex has continued to expand its offerings and has grown its user base significantly. In 2018, the company raised $3 million in a crowdfunding campaign and in 2019, it secured a license from the UK Financial Conduct Authority (FCA) which allowed it to expand its services to customers in over 130 countries.

How Wirex works

Wirex is a platform that allows users to buy, hold, and spend a variety of cryptocurrencies and traditional currencies using a single account. Here is a simplified overview of how Wirex works:

1. Account setup: To use Wirex, users must first sign up for an account on the platform. This process typically involves providing basic personal information and verifying the user’s identity.
2. Funding the account: Once the account is set up, users can fund it .
3. Currency exchange: The exchange uses an algorithm to calculate the exchange rate between currencies, which is based on current market conditions and other factors.
4. Wallet management: Users can store their funds in a multi-currency wallet provided by Wirex.
5. Security: Wirex takes security seriously and employs various measures to protect users’ funds and personal information.

Does Wirex charge a fee

Yes, Wirex charges fees for some of its services. Here is an overview of the main fees charged by Wirex:

1. Account management fee: There is no monthly management fee.
2. Currency exchange fee: Wirex charges a fee for exchanging between different cryptocurrencies and fiat currencies.
3. Card fees: There is a one-time fee for ordering the card, which varies depending on the user’s location. There may also be fees for using the card at certain ATMs or merchants.
4. Transfer fees: Wirex charges fees for transferring funds between Wirex accounts or sending funds to external accounts.
5. Other fees: Wirex may charge other fees for certain services or features, such as for expedited processing or for replacing a lost or stolen card.

It’s important to note that Wirex provides a detailed breakdown of its fees on its website, so users can easily see how much they will be charged for each service. Additionally, some fees may be waived or reduced for certain users, such as premium account holders or users who hold a certain amount of Wirex’s native cryptocurrency, WXT.

Can Wirex be trusted

Platform provides users with detailed information about its fees and other policies, so users can make informed decisions about using the platform.

That being said, like any financial service provider, Wirex is not immune to security risks or other issues.

Overall, Wirex appears to be a reputable and trustworthy platform that provides users with a convenient way to manage their cryptocurrencies and traditional currencies. As with any financial service provider, users should do their own research and exercise caution before using the platform.

How to use virtual crypto card

Virtual crypto card

A virtual cryptocurrency is a digital payment card that allows you to spend your cryptocurrency balance from traders who accept credit cards or traditional debit cards.

When you use a virtual cryptocurrency card to buy, the card supplier will convert the cryptocurrency that you have in your wallet into the local money of the seller you buy, and then the seller receives a local money.

They also provide a certain level of anonymous, because the seller only sees a payment made by a virtual card, and not an actual cryptocurrency wallet used for payment.

However, it’s important to note that virtual crypto cards may come with fees, and the conversion rate used by the card provider may not always be the most favorable one. Additionally, not all merchants accept virtual crypto cards, so it’s important to check before attempting to use one for a purchase.

How to get crypto virtual card

To get a virtual crypto card, you typically need to follow these steps:

1. Choose a cryptocurrency wallet provider that offers virtual crypto cards. Some popular providers include Coinbase, Bitpay, and Crypto.com.
2. Create an account with the wallet provider and complete any necessary verification steps, such as providing your name, email address, and proof of identity.
3. Once your account is set up, link your cryptocurrency wallet to the virtual crypto card. Depending on the provider, you may need to transfer funds from your wallet to the card or simply enable the card to access your wallet balance.
4. Once the card is linked to your wallet, you can start using it to make purchases at merchants that accept credit or debit cards.
5. The provider will automatically convert the cryptocurrency you have in your wallet into the local currency of the merchant you are buying from.

It’s important to note that fees may apply when using virtual crypto cards, and the conversion rate used by the provider may not always be the most favorable one. Additionally, not all merchants accept virtual crypto cards, so it’s important to check before attempting to use one for a purchase.

How to use virtual crypto card step-by-step guide

Here is a step-by-step guide on how to use a virtual crypto card:

1. Choose a merchant that accepts credit or debit cards for payment.
2. Enter the required payment information, including the card number, expiration date, and CVV code.
3. Make sure the payment amount is in the local currency of the merchant.
4. Submit the payment.
5. The virtual crypto card provider will convert the cryptocurrency you have in your wallet into the local currency of the merchant.
6. The merchant will receive the payment in their local currency, just as if you had paid with a traditional credit or debit card.
7. Your balance will be updated to reflect the amount spent.

It’s important to note that fees may apply when using virtual crypto cards, and the conversion rate used by the provider may not always be the most favorable one. Additionally, not all merchants accept virtual crypto cards, so it’s important to check before attempting to use one for a purchase.

Crypto to virtual credit card

Converting your cryptocurrency to a virtual credit card is typically done through a cryptocurrency wallet provider that offers virtual crypto cards. 

How to convert your cryptocurrency to a virtual credit card:

1. Choose a cryptocurrency wallet provider that offers virtual crypto cards.
2. Create an account with the wallet provider and complete any necessary verification steps, such as providing your name, email address, and proof of identity.
3. Once your account is set up, link your cryptocurrency wallet to the virtual crypto card.
4. Transfer the desired amount of cryptocurrency from your wallet to the virtual crypto card. Depending on the provider, you may need to enable the card to access your wallet balance or simply transfer the funds directly to the card.
5. Once the cryptocurrency is transferred to the virtual crypto card, you can use it just like a traditional credit/debit card to make purchases at merchants that accept credit or debit cards.

The merchant will receive the payment in their local currency, just as if you had paid with a traditional credit or debit card.

Bitbuy cryptocurrency exchange based in Canada

What is Bitbuy

Bitbuy is a cryptocurrency exchange platform based in Canada that allows users to buy, sell and trade various cryptocurrencies.

Bitbuy is a cryptocurrency exchange platform that was founded in 2013 by Adam Goldman and Stuart Hoegner in Canada. Initially, the platform was focused on Bitcoin trading.

In 2016, Bitbuy launched its proprietary trading engine, which allowed for faster and more efficient trades. The same year, Bitbuy partnered with Vogogo, a payment processing company, to enhance its payment options and streamline its payment processes.

In 2018, Bitbuy was acquired by First Ledger Corporation, a blockchain investment firm. The acquisition allowed Bitbuy to enhance its platform’s security and expand its offerings to include more cryptocurrencies.

In 2019, Bitbuy launched its own mobile app, which allows users to trade cryptocurrencies on-the-go. The platform also implemented two-factor authentication and cold storage of funds to increase security and protect users’ assets.

Today, Bitbuy is one of the most popular crypto exchanges in Canada.

Bitbuy operates as a centralized cryptocurrency exchange, meaning that all trades are processed through the platform’s servers. 

Here is how Bitbuy works:

1. Create an account on the platform and complete the required verification process.
2. Fund account by depositing fiat currency (e.g., Canadian dollars) or cryptocurrency.
3. Once the account is funded, users can begin trading cryptocurrencies. Users can access advanced trading tools and charts to help make informed trading decisions.
4. Users can withdraw their funds in fiat currency or cryptocurrency.
5. Platform employs several measures to protect user funds, including two-factor authentication, cold storage of funds, and regular security audits.

In terms of the algorithm, Bitbuy uses a proprietary trading engine that matches buy and sell orders on the platform. The trading engine uses an order book to match orders and execute trades based on predetermined parameters, such as price and quantity. The algorithm is designed to ensure fast and efficient trades while minimizing price slippage and other trading risks.

Remember: Bitbuy charges fees for trades and other services on the platform.

It’s important to note that fees can change over time, so users should check the Bitbuy website for the most up-to-date fee information.

Can Bitbuy be trusted

Let’s see:

• Platform is regulated by the Financial Transactions and Reports Analysis Centre of Canada, which ensures compliance with anti-money laundering and counter-terrorism financing regulations.
• Platform takes security seriously and has implemented several measures to protect user funds, including two-factor authentication, cold storage of funds, and regular security audits. Bitbuy also provides insurance coverage for its users’ funds in case of theft or other security breaches.
• Exhcange has been operating since 2013 and has established a reputation as one of the most reliable and trustworthy cryptocurrency exchanges in Canada. The platform has a strong track record of providing excellent customer support and transparent pricing and fee structures.
• Platform has partnered with several reputable companies in the cryptocurrency industry, such as Vogogo and Knox Custody, to enhance its platform’s security and expand its offerings.

While no cryptocurrency exchange is completely immune to risks, Bitbuy’s regulatory compliance, security measures, and reputation suggest that it is a trustworthy platform for buying, selling, and trading cryptocurrencies. As with any financial decision, users should carefully consider their own circumstances and risks before using any cryptocurrency exchange.

Is Bitbuy a wallet

While Bitbuy provides users with a cryptocurrency wallet to store their digital assets, it is primarily a cryptocurrency exchange rather than a wallet provider.

Here’s how it works:

• When users deposit cryptocurrency onto the platform, the funds are stored in a wallet address managed by Bitbuy. This wallet is technically a custodial wallet, meaning that Bitbuy controls the private keys to the wallet and is responsible for safeguarding users’ funds.
• However, Bitbuy does offer users the ability to withdraw their cryptocurrency to an external wallet address that they control. This allows users to maintain control over their private keys and ensure that they have complete ownership and control over their cryptocurrency.
• While Bitbuy’s wallet is secure and user-friendly, it’s important to note that storing large amounts of cryptocurrency on any exchange or custodial wallet carries some level of risk. If a platform experiences a security breach or other issue, users’ funds could be at risk. As such, it’s generally recommended that users store their cryptocurrency in a personal wallet that they control, rather than relying solely on an exchange or custodial wallet.

Which countries support Bitbuy

Bitbuy is a cryptocurrency exchange based in Canada, and it primarily serves users in Canada. However, users from other countries may also be able to use Bitbuy, depending on their residency and other factors.

Here’s an overview of the countries that Bitbuy supports:

• Canada: Bitbuy is a Canadian cryptocurrency exchange and primarily serves users in Canada. Canadian users can use Bitbuy to buy, sell, and trade crypto.
• United States: Bitbuy also supports users in the United States, although the platform’s services may be more limited for U.S. users due to regulatory restrictions. U.S. users can use Bitbuy to buy and sell Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.
• Other countries: Bitbuy’s services may be available to users in other countries.

It’s important to note that cryptocurrency regulations and restrictions vary by country, and users should carefully review their own country’s regulations and laws.

How to use Binance

What is Binance

Binance is a cryptocurrency exchange platform that was founded in 2017 by Changpeng Zhao. It is currently one of the largest cryptocurrency exchanges in the world by trading volume.

In addition to its trading services, Binance also offers a variety of other features and services, including a cryptocurrency wallet, a decentralized exchange (Binance DEX), staking and lending, and a wide range of educational resources. Binance is known for its user-friendly interface, low trading fees, and its innovative approach to the cryptocurrency industry.

The history of Binance

Binance was founded in 2017 by Changpeng Zhao, also known as CZ. Prior to founding Binance, CZ worked for a number of companies in the financial and cryptocurrency industries, including OKCoin and Blockchain.info.

Binance launched its initial coin offering (ICO) in July 2017, raising $15 million in just 10 days.

In its first year of operation, Binance achieved remarkable growth. Binance has continued to grow rapidly, expanding its services to include a cryptocurrency wallet, staking and lending, margin trading, futures trading, and a variety of other features. In 2019, Binance also launched its own blockchain, the Binance Chain, which allows developers to build decentralized applications (dApps) on top of the Binance ecosystem.

Today, Binance is one of the most well-known and widely used cryptocurrency exchanges in the world, with millions of users in over 100 countries. Despite facing some regulatory challenges in certain jurisdictions, Binance has continued to innovate and expand its services, cementing its position as a leader in the cryptocurrency industry.

How Binance works

Binance is a centralized cryptocurrency exchange that operates using a proprietary algorithm to match buyers and sellers of cryptocurrencies. When a user places an order to buy or sell a cryptocurrency on Binance, the platform’s algorithm matches that order with the best available counterpart, taking into account factors such as price, order size, and trading volume.

The Binance trading engine is designed to handle a high volume of trades in real-time, with the ability to process up to 1.4 million orders per second. This high level of scalability has allowed Binance to become one of the largest and most liquid cryptocurrency exchanges in the world.

Binance also offers a range of other features and services that allow users to engage with the cryptocurrency market in different ways. For example, users can trade cryptocurrencies using margin (borrowing funds to increase their buying power), participate in staking and lending programs to earn interest on their holdings, or use the Binance Launchpad platform to invest in new cryptocurrency projects.

Overall, the Binance algorithm is designed to provide users with a fast, reliable, and secure way to buy, sell, and trade cryptocurrencies, while also offering a range of other features and services that make it a versatile platform for engaging with the cryptocurrency market.

Does Binance charge a fee

Yes, Binance charges fees for using its services. The fees charged by Binance vary depending on the type of transaction and the trading volume of the user.

For spot trading (buying and selling cryptocurrencies), Binance charges a flat fee of 0.1% per trade. However, users can reduce their trading fees by holding Binance Coin (BNB) and using it to pay for fees, which provides a discount of up to 25%.

It’s important to note that fees are subject to change, and users should always check the latest fee schedule on the Binance website to ensure they have the most up-to-date information. Overall, while Binance charges fees for its services, many users find the fees to be competitive and reasonable compared to other cryptocurrency exchanges.

How to use Binance

Here is a step-by-step guide on how to use Binance:

1. Create an account: Go to the Binance website (www.binance.com) and click on “Register” to create a new account. Follow the instructions to provide your email address and create a strong password.
2. Complete KYC verification: To use all of Binance’s services, you will need to complete a Know-Your-Customer (KYC) verification process.
3. Fund your account: To deposit cryptocurrencies, go to the “Deposit” page and select the cryptocurrency you want to deposit.
4. Navigate the platform: Once your account is funded, you can navigate the Binance platform to explore its various services. The main dashboard displays the current market prices of different cryptocurrencies, and you can use the navigation menu to access the various trading features.
5. Buy and sell cryptocurrencies: To buy or sell cryptocurrencies on Binance, go to the “Trade” page and select the cryptocurrency pair you want to trade. Enter the amount you want to buy or sell, and review the order details. If you’re happy with the trade, click “Buy” or “Sell” to execute the order.
6. Use other Binance services: Binance also offers a range of other services, such as margin trading, staking and lending, and futures trading. To use these services, navigate to the appropriate section of the platform and follow the instructions.
7. Withdraw your funds: When you’re ready to withdraw your funds, go to the “Withdraw” page and select the cryptocurrency you want to withdraw. Enter the withdrawal address and the amount you want to withdraw, and review the transaction details. Once you’re happy with the details, click “Submit” to initiate the withdrawal.

It’s important to note that the above steps are a general guide, and the specific details of using Binance may vary depending on your location and the specific services you’re using. Be sure to read the Binance documentation and follow best practices for managing your cryptocurrency investments.