Connect with us

Guides

Changelly Review: Should You Buy Cryptocurrencies on Changelly?

Published

on

Changelly Review

Changelly is one of the most popular cryptocurrency exchanges that offer users the opportunity to buy and sell a wide range of digital currencies and tokens. The exchange offers an easy-to-use service that combines user-friendliness, speed, and low fees. In this Changelly review, you will discover the benefits and drawbacks of this popular exchange and learn how to buy cryptocurrencies on Changelly

Introducing Changelly

Changelly ReviewChangelly was launched in 2016 by the people behind MinerGate, a mining multipool service, and now has over one million customers that use its exchange.

When buying cryptocurrencies on the exchange, rates and the time of the transaction are made clear from the beginning. However, the rate given before the transaction being completed by the user is an estimation. This may not be the actual amount in crypto received, depending on the exchange rate at any given point in time (which can rapidly change when it comes to crypto).

Changelly gives users the option of choosing crypto-to-crypto exchanges and also allows users to exchange fiat currency to cryptocurrency by using a VISA, MasterCard credit or debit card. The service can be accessed by anyone anywhere in the world as long as their requirements are met.

How Does Changelly Work?

It is pretty easy to get an account at Changelly, the only thing you need to provide is your email address. Once you sign up, you receive an email confirmation with a password to log in with (make sure you change the password to make it more personal to you as well as more secure).

 

Changelly

 

Next, there are dropdowns for you to select the two currencies you want to exchange. Then, put in the amount of currency you want to exchange from. Changelly will show an estimate of the amount of the new currency to be received. The exchange rate, the amount you will receive, and estimated arrival time is shown as well. Changelly also calculates and displays its 0.5 percent transaction fee leaving no room for confusion as you continue through the process.

 

Changelly

 

Once this is done, enter the wallet address that you want your funds to be sent to. Check that this address is correct! There will be no way to get your cryptocurrency after the exchange is made if you enter an incorrect address. 

Once you click on “Next”, the information entered previously shows up and you are asked to confirm that everything is correct. At this point, it is recommended to re-confirm the details of your wallet and amount. This is the last step to make sure your details are correct.

 

Changelly Review

 

Finally, transfer the funds of the original currency to the wallet that Changelly provides. You can either do this by copying the wallet address listed or scanning the QR code at the bottom of the page. 

You will receive a confirmation email once Changelly has received your funds. Expect to have the purchased cryptocurrency in your wallet within 5 to 30 minutes.

Identity verification is not needed for trade at Changelly, unlike at most other exchanges. The only limitations set are the ones designed for specific regions, and they are all removed after a month of using their services.

Cryptocurrencies Available on the Platform

Changelly has a high number of supported cryptocurrency. It offers over 100 different digital currencies and tokens. The swap transactions are available for all coins though they can be delisted in the future if little interest is shown for the particular altcoin.

Methods of Deposit

Changelly does not hold fiat money in the account balances of its traders. However, you pay for the coins and receive them in your wallet address instantly.

The acceptable fiat payment methods are credit or debit cards expressed in either USD or EUR. Wherever you are in the world, if you hold a valid bank card, you are eligible to purchase any coin from Changelly. The exchange claims that there are no fees on your purchase with the card, apart from the commission. The fees are added in as part of the exchange rate when purchasing coins.

Changelly’s Exchange Rate and Fees

ChangellyThere are two types of costs that one should keep in mind. First is the commission, charged at 0.5 percent of the transaction value and the other is the network fee. The network fee is a commission that a blockchain takes from the amount sent in each currency. If the amount is too low to cover the fees of the network, the transaction will not go through. The network costs are specified for each coin and do change on daily basis, depending on the trade volume.

These are the limitations put on credit-card based transactions:

  1. The UK, Canada and Australia – $200 limit for the first transaction, the next purchase could be made in four days (500$ limit), $3000 after seven days of the first buy. No more than three payments within the first week. No limits in one month at all.
  2. CIS region (Russia/Ukraine/Belarus/Kazakhstan/Armenia/Georgia) – $1000 limit for the first transaction. The next limit increase could be done in 24 hours. The total limit for the first week is $3000 and for the first month is $10000. No limits in one month at all.
  3. EU and other countries – $500 limit for the first transaction, the next purchase could be made in four days with $1000 limit. No more than 6 payments within the first week. No limits in one month at all.

Security

Changelly has two-factor authentication and funds are never stored on the site because all cryptocurrencies are processed to the respective wallets directly. Additionally, there is no confirmation via email to deal with the site and all transactions are anonymous.

Conclusion

Changelly’s features make it very easy to use, even for first-time cryptocurrency buyers. The platform takes you through the process step by step and you make your first purchase within minutes of signing up.

Moreover, the fact that Changelly supports so many digital currencies and tokens and does not require you to verify your identity when you trade, has made it a popular digital asset exchange. 

If you want to buy or sell digital currencies and tokens on Changelly, sign up to the platform here!

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this article.*

Guides

Top 5 Best Bitcoin Apps That Enable You To Earn Cryptocurrency

Published

on

Best Bitcoin Apps

One of the main reason why people are getting into cryptocurrencies is to make money. A great way to earn your first cryptocurrency is through smartphone apps that reward you in bitcoin. In this guide, you will find the top five best bitcoin apps that enable you to earn cryptocurrency.

Earn.com

Earn.comEarn.com is a bitcoin-based social network that enables users to earn bitcoin by competing tasks and responding to emails. 

On the app, you can earn small amounts of bitcoin by joining lists of people with similar skills. All you need to do is apply to one of the lists and, when accepted, complete list-specific tasks in exchange for small payments in bitcoin.

Moreover, you are able to set your email contact rates, ranging from one to 100 dollars per email. You can even set up an auto-response system with your Gmail, directing emailers to instead send their message via Earn. This way you can prevent your inbox from being filled with spam as senders will need to pay you to be able to email you. This bitcoin app is available on Android and iOS.

Bituro

BituroThe Bituro app that lets you earn cryptocurrency by completing small tasks like taking surveys, watching videos and completing offers. You can get paid in both bitcoin (BTC) and ether (ETH) and cash out with as little as one US dollar. 

Signing up is simple – you can do it using Twitter, Facebook or Google – and you get 100 points for signing up. If you have a referral code and use it you gain an extra 50 points when signing up.

The surveys can pay from a couple of hundred points to a few thousand points. (Each point equals a cent). You can also download apps, sign up to various trial accounts and watch videos to earn crypto. The app is available for Android and iOS. 

BitForTip

BitForTipBitfortip is a mobile application and online platform that pays you in bitcoin for being helpful. On this app, anyone can ask for anything, and the answer provider gets tipped in bitcoin in exchange for their answer.

For example, if I want to know where to get a golden retriever in Kenya, I could give a bitcoin tip to whoever provides me with an answer. The platform is available in eleven languages, providing a low-entry barrier for many people globally and an easy way to earn your first bitcoin. 

Storm Play

Storm PlayStorm Play also gives out small tasks to complete for you to earn. Once the task is completed to a certain point you are rewarded in bolts. Once you have enough bolts you can trade them for bitcoin, ether or Storm tokens.

There are three ways how you can earn cryptocurrency on Storm Play. The first way is by trying out games or products and the second is by shopping for products and services. Finally, you can earn through performing micro-tasks like QA testing and completing P2P freelancing tasks. The app is currently only available for Android.

Alien Run

AlienRunBitcoin Alien is one of the most popular games with the cryptocurrency community as it combines fun gameplay with the ability to earn small amounts of bitcoin for completing levels. You will, however, need to watch a number of ads everytime you do something. 

The gameplay is very basic, you control a character called Daniel D’Alien, and must run as far as possible advancing through levels. Every ten levels, you can claim a bitcoin reward or continue running for a higher amount. There are new missions daily and levels go into hundreds. This bitcoin app is available for both Android and iOS

With a little bit of free time and a smartphone, you can install any of the apps mentioned here and start to earn bitcoin with little to no effort. None of these apps will turn you into a bitcoin millionaire but they are a fun and easy way to earn your first cryptocurrency.

Continue Reading

Guides

A Guide to the Best Cryptocurrency Tipping Bots for 2018/19

Published

on

Cryptocurrency Tipping Bots

Cryptocurrency tipping bots enable users on social media platforms – such as Twitter, and Reddit – to send micro-transactions or “tips” to other users to reward them for their content contributions.

In this guide, you will discover the most popular ones and find out how to use them to send and receive tips in cryptocurrency.

A Brief History of Cryptocurrency Tipping Bots

In the early days of bitcoin, before altcoins gained popularity, it was the favoured option for micro-tipping within crypto communities. The very first cryptocurrency tip bot ever to facilitate bitcoin micropayments between users on Reddit was BitcoinTip in July 2012. BitcoinTip stopped functioning in April 2014 after helping Reddit users migrate to a new tipping service known as Changetip.

ChangeTipChangeTip, founded in 2014, was by far the most widely used bitcoin tipping bot. The bot processed about 350,000 bitcoin tips, serving over 100,000 users, by 2016 when the company announced that it would be shutting down its operations after its developer team was acquired by Airbnb.

To fill the void left behind by ChangeTip, several tipping bots have emerged to offer cryptocurrency users to ability to tip fellow users using an array of different digital currencies.

How Cryptocurrency Tipping Bots Work

Tipping bots effectively all work the same way with only minor differences in commands for each bot.

Step one is to create an account and then fund your tipping wallet with the bot’s native digital currency. Step two is to learn to commands to use the bot. The command line will look something like /u/tippingbotsname or @tippingbotsname @username, depending on the social media platform you are using.

Finally, step three is to start tipping, for example, by typing @botname @recipientname 0.001 BTC on Twitter.

The recipient can then collect their cryptocurrency tip by creating an account with the tipping bot and then transfer the received digital currency from that account into their personal wallet.

The Most Popular Cryptocurrency Tipping Bots

In this list, you will find the most popular and actively used cryptocurrency tipping bots. Enjoy!

Tippr Bot (Bitcoin Cash)

The popular bitcoin cash tipping bot, Tippr bot, allows anyone to send microtransactions using BCH. The BCH Tippr bot is available on both Reddit and Twitter, where it has seen substantial traction. Since Tippr was launched, the bot has seen over $100,000 worth of bitcoin cash transactions. Statistics detail that Reddit users have sent 34,227 BCH tips to over 15,000 unique users.

TipJar Bot (Ether)

TipJar is a free, Ethereum-powered service that allows Redditors to easily send micropayments (in the form of ETH) to other Redditors just by leaving a comment. The tip bot also accepts a range of ERC20 tokens for its micropayments service.

SoDogeTip (Dogecoin)

SoDogeTip was created to replace the dogetipbot, a popular dogecoin tipping bot that went bankrupt in 2017 after the owner spent all the coins after he himself ran out of money.

The difference between the two bots is that SoDogeTip is on-chain, whereas dogetipbot was off-chain. In fact, it is Reddit’s only on-chain tipping bot. Like for every tipping bot, the new bot’s users should not hold more coins in this service than they are willing to lose. However, the fact that SoDogeTip is more transparent than its predecessor is a good sign for fans of Dogecoin.

NanoTipBot (Nano)

The NanoTipBot is tied to the payment-centric Nano (NANO) cryptocurrency and processes its high-speed micro-payments in roughly two seconds. The process they follow is simple, you just have to type: @NanoTipBot tip ‘amount’ @Receiving username. The NANO community received this very well and are also excited about the project’s new roadmap.

Stellar Tip Bot (Stellar)

The Stellar Tip Bot belongs to the Stellar Community and works on Reddit and Twitter. It was created to “thank people for help, be friendly, buy someone coffee and spread [the] word about the Stellar Network,” and supports the digital currency, stellar lumens (XLM).

Reddcoin TipBot (Reddcoin)

The ReddcoinTipBot came out in 2014 to support the Reddcoin, the “social currency of the digital age.” The bot’s features include; working in every subreddit, tip any Redditor, he/she doesn’t have to register first, and it is a free service. The Reddcoin TipBot currently works on Twitter, Twitch.tv, and, of course, on Reddit.

Cointippy (Bitcoin & Several Altcoins)

Finally, there is CoinTippy, which allows you to you reward content creators on Reddit, Twitter, Telegram and Twitch with cryptocurrencies. It supports the following cryptocurrencies: bitcoin, bitcoin cash, ether, and zcash. The service is free with zero restrictions, meaning one can send tips to anyone in the world at no cost.

If there are more cryptocurrency tipping bots out there that you believe should make this list, please tell us on Twitter

Continue Reading

Guides

Top 5 Freelancer Jobs Platforms That Enable You to Get Paid in Bitcoin

Published

on

get paid in bitcoin

Blockchain startups across the world are in need of developers, marketers, social media managers, graphic designers, content creators, customer service reps, and more. Fortunately, for freelancers, this opens up a wave of opportunities to find remote employment and get paid in bitcoin.

In this guide, you will discover the five best online freelancer jobs platforms that enable you to find employment in exchange for payments in cryptocurrency.

The Top 5 Bitcoin Jobs Platforms for Freelancers

Today, freelancers are able to work from anywhere around the globe and get paid in bitcoin regardless of where they are based thanks to online jobs platforms that process payments in cryptocurrency. The best of these platforms, you can find listed here:

  1. XBTFreelancer

XBTFreelancerXBTFreelancer is a popular online job board that allows employers to post the projects they have while allowing those looking for opportunities to bid on them for free, contact employers and start working on secured projects. Although the amounts are stated in US dollars, employers will pay for their projects in bitcoin.

The platform has different job categories of jobs writing, web design and development, translation, social media moderation, among others. XBTFreelancer encourages its users to utilise its escrow service feature to protect freelancers from getting scammed. Having been around for several years now, the platform has become the go-to platform for several top blockchain employers such as Coinbase and Shapeshift.

  1. CryptoGrind

cryptogrindCryptoGrind is another great platform where freelancers can find jobs and get paid in bitcoin. Freelancers have the opportunity to browse through different job sections that are available using keyword tags or basic words.

Freelancers are able to set up their profile, include basic information, their resume as well as the type of service that they can render. The best part about the platform – compared to some of its competitors – is that freelancers have the ability to set their own price for the service that they offer.

Additionally, by leveraging the escrow service feature, CryptoGrind is able to hold onto the agreed amount until the service being offered has been fully rendered.

  1. Coinality

coinalityCoinality is one of the most prominent bitcoin job board platforms in the market today. Coinality owes its popularity to the fact that it has a good number of employers on the platform that are in search of different freelancers, ranging from content writers and programmers to web developers and graphic designer, among others.

An outstanding feature of Coinality is that most of the jobs posted on the platform are usually for long-term employment.

  1. BitGigs

BitGigsCalling itself “A KickAss Bitcoin Job Board”, BitGigs is another freelance job platform that allows users to market their skills by offering services such as content writing, SEO, graphic design, programming, advertising, music/audio, etc.

Users need to sign up, create a profile and then place their first gig for the services they are offering. Once customers are found and services are rendered, freelancers receive payments in bitcoin (BTC) to complete the transaction.

  1. r/Jobs4Bitcoins

r/Jobs4BitcoinFinally, there is r/Jobs4Bitcoins. While this popular subreddit may not be your typical job board, it still provides freelancers with potential clients and the option to receive payments in bitcoin.

Applying for a job on r/Jobs4Bitcoins is easy as all you need to do is send a chat message to prospective employers. Also, it has a notification function that alerts Reddit users whenever a new job has been posted, which is handy for those who do not check the platform regularly.

Why It is Good for African Freelancers to Get Paid in Bitcoin

Africa Fintech SummitThere is massive demand for freelancers who have experience with blockchain technology and digital currencies. This creates an opportunity for Africans who are struggling to find work locally or who prefer to work remotely on a freelance basis.

Considering that most African countries are troubled with high rates of unemployment and it is estimated that by 2035 the continent will have more than 750 million people entering the job market, the gig economy can help the youth find means of fending for themselves.

Moreover, there are ample benefits of getting paid in bitcoin. Unlike banks that delay payments by a few days and have high transfer fees, bitcoin payments are fast, secure and incur much lower transaction fees. In addition, with bitcoin, all you will need is a bitcoin wallet, which requires no lengthy setup process – as opposed to opening a bank account – and you will not have to deal with account closures as has been the case with PayPal for African freelancers in the past. Finally, by receiving payments in bitcoin, freelancers are also immune to volatile or weakening local currencies.

If you want to learn more about cryptocurrencies and the blockchain, you should consider attending a blockchain conference or event near you. Moreover, if you want to dive into the world of blockchain development as a profession, we have compiled a complete list of blockchain jobs platforms for you.

Continue Reading

Popular Posts