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5 Ways to Earn Free Bitcoin Cash (BCH)

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free bitcoin cash

In this beginner’s guide, you will discover how you can start earning your first free bitcoin cash if you are interested in learning more about this digital currency, its community and the opportunities it offers.

Bitcoin Cash (BCH) is as a result of a Bitcoin fork that took place on August 1, 2017, after an ongoing debate between different factions of the bitcoin community was unable to help the world’s leading digital currency to remain unified. Bitcoin Cash (BCH) was created to address the scalability issues that were being faced by the Bitcoin network by increasing the block size.

Bitcoin Cash Faucet

Bitcoin Cash BCHOne way that most cryptocurrencies use to introduce new people to the world of digital currencies is through a faucet. A cryptocurrency faucet pays its users small amounts of digital currency in exchange for watching ads. The platforms earn through ad revenue and give a share of that back to its users.

Bitcoin cash also has its own faucets. One of the most popular and reliable is Moon Cash. You sign up by setting up a CoinPot wallet and then you simply let the site run to accumulate small amounts of BCH. Moon Cash lets you claim the amount that has built up as often as you want.

xHoneyBadger (XHB)

xHoneyBadger is a platform that lets users make money by viewing content. The platform has its own tokens known as honeybadgers (XHB), which are allocated to users each time they view a piece of content on the website. The platform makes money by selling advertisements with each ad sale being converted to bitcoin cash.

Members can then convert their XHB tokens at the end of each month to BCH. In addition, honeybadgers can be used to buy Amazon gift cards from the website.

Yours.org

Yours is a growing get-paid-to-blog platform based on the Bitcoin Cash protocol. Its mission is to enable individuals to make money (in the form of bitcoin cash) by providing high-quality content. More specifically, Yours lets you earn bitcoin cash by “creating good content, finding good content and commenting on good content”.

The platform earns bitcoin cash by charging for posted content and charging another five percent off payments that include purchases, comments, and tips on content. You can check out the FAQ section on their platform on how to earn bitcoin cash by either creating content, finding content or commenting on the content.

Sell Products on OpenBazaar

OpenBazaar is a decentralised peer-to-peer marketplace that enables users to create an online shop and sell their products for more than 50+ cryptocurrencies, including bitcoin cash, without the need to involve any middlemen.

On OpenBazaar, there are no platform or listing fees and members do not have to provide their bank details. Additionally, users are able to chat with customers live as well as customise their platform. If you have products to sell and you want to earn bitcoin cash in exchange, OpenBazaar is ideal for that.

Sell Products and Services on /r/BCHBazaar

r/BCHBazaar is a Reddit thread that lets people sell goods and service in bitcoin cash and is a good alternative to OpenBaazar. All one needs to do is use a tag when posting such as “[For sale]”, “[Wanted]”, “[Auction]” or any preferred tag that is appropriate and clarifies whatever goods or services one is selling. Remember to also to describe the good or service and add the price in the title.

If you are looking to earn bitcoin cash, consider any of the above-mentioned platforms and start earning. While it is unlikely that any of the above platforms will make you a “bitcoin cash millionaire”, they provide you with the ability to gain exposure to bitcoin cash.

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A Complete Beginner’s Guide to TerraCredit (CREDIT)

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TerraCredit

Ever come across TerraCredit or TerraBit and wondered what they are? In this guide, we explore the TerraCredit ecosystem and provide an in-depth beginner’s guide to one of the fastest-growing crypto projects in Africa.

What is TerraCredit (CREDIT)?

CREDITTerraCredit (CREDIT) is a decentralised cryptocurrency at the heart of a digital payment ecosystem. The developers behind the cryptocurrency built CREDIT as a “viable replacement to cash and a rewarding option” – especially for users in developing markets.

CREDIT is the native currency of the TerraBit platform, a payment platform tailored towards the unbanked.

At the time of writing, the cryptocurrency is in the top 1,000 coins by market cap on CoinGecko. At the time of writing, CREDIT was trading at $0.00614 per coin.

Highlights About CREDIT

  • Name: TerraCredit
  • Ticker/Symbol: CREDIT
  • Max supply: 86,000,000
  • Blockchain: Native
  • Consensus mechanism: Proof of Stake (POS)
  • Established: 2017**

The cryptocurrency is built on a native Proof-of-Stake blockchain, requiring less from network validators, allowing more people to participate in the network. Currently, the Terracredit blockchain has over 12,000 individual network validators. The decentralised nature of validators makes it difficult to perform a 51 % attack on the blockchain.

What’s more, transaction fees on the Terra blockchain are very low. In contrast, most of the top cryptocurrencies have become very expensive to use due to fees. TerraCredit allows you to transact with fees as low as $0.00000003.

Moreover, CREDIT transactions are fast. They confirm in seconds Quicker transactions are made possible because of the low fees and the availability of several validators.

TerraCredit can be stored on native or third-party wallets. The native CREDIT wallet is available on desktops running Windows, Linux, and Mac OS. You can also download the mobile application for Android. Conversely, if you prefer third-party applications, there are many options like MyCointainer to choose from. 

What is TerraBit?

TerraBitTerraBit is a global payments platform that allows you to store cryptocurrencies and exchange them for fiat on a single app. It is also the native wallet of TerraCredit.

TerraBit supports CREDIT and bitcoin (BTC). It also supports fiat currencies like the naira (NGN), rand (ZAR), and peso (COP). You can deposit these currencies directly on the app to purchase cryptocurrencies.

Besides buying crypto, you can also sell crypto in the app and withdraw it to your bank account. This feature has made it very popular in developing markets like Nigeria, Colombia, and Kenya.

TerraBit also has a merchants interface that makes it possible for you to accept crypto payments. If you are a business owner, you can accept crypto payments in person via the app. It is extra easy doing the same online by just sending your crypto address.

Finally, the app comes with extra features, such as web staking.

Highlights of TerraBit

  • Trade cryptocurrencies on-the-go
  • Support for fiat currencies: NGN, ZAR, COP
  • Merchant interface to accept crypto payments
  • QR payments

Future features coming to TerraBit includes more fiat options for markets like Ghana. Virtual credit cards are also on the roadmap. These cards will make it possible for you to spend your crypto wherever bank cards are accepted.

TeraCredit Features

TerraCredit has several features that have seen an upgrade after the latest hard fork. As mentioned earlier, TerraCredit deploys the most modern blockchain technology. This makes it decentralised, fast, private, and easy to use. Here is a deeper look at the leading features of TerraCredit:

Proof of Stake: TerraCredit runs on a Proof of Stake (POS) consensus algorithm. Compared to other consensus algorithms like Proof of Work, POS is more lightweight and easier to participate in. Easy participation allows more individuals to play a role in confirming transactions. Without a broader pool of validators on a network, it becomes centralised.

The few validators get to control the affairs of the project. Also, bad actors can take advantage of this to attack the blockchain. You can participate in securing the TerraCredit network via staking or masternodes. Securing the network also rewards you through the creation of new coins. 

Decentralised Autonomous Organisation (DAO): The latest TerraCredit hard fork brought a new governance model. Masternodes operate the TerraCredit DAO. Aside from helping secure the network, masternodes contribute to the governance of the project. The DAO gets funds directly from the blockchain, which are allocated to approved proposals. Anyone can submit a proposal that masternodes vote on. Each masternode has one vote. Having a DAO with funds directly from the blockchain ensures the development and marketing of the project.

Swiftx: TerraCredit (CREDIT) enables swift transactions using the masternode infrastructure. Swiftx ensures “near-instantaneous” transactions. This feature aims to put TerraCredit in the same league as major payment processors like Visa and MasterCard. 

Coin mixing: Mixing makes transactions private. Instead of sending transactions directly from your wallet to another, coin mixing takes the coins through several transactions (mixing) before the final destination. This feature gives CREDIT privacy utility.

Ways to Earn CREDIT in 2020

TerraBit

There are two main ways to earn CREDIT in 2020. Both methods allow you to earn passive income since they require only a simple set up at the initial stages.

Web Staking

You can stake CREDIT via the native wallet. All you have to do is load your wallet with CREDIT and turn on staking to get started. It is simpler than mining and lowers the barrier of entry. You can stake 0.000000001 CREDIT and above. Rewards are paid daily into your wallet after you begin web staking.

Masternodes

Masternodes, on the other hand, come with more requirements. You need to hold at least 50,000 CREDIT as collateral for your masternode. After, you have to set up a node with the wallet. You can do this using a hosting service or do it yourself using basic hardware like Raspberry Pi.

Masternode owners receive rewards every block for securing the network and participating in the governance process. 

The Bottom Line

TerraCredit continues to grow beyond the TerraBit platform. CREDIT has been added to several exchanges, payment processors, and wallets recently, while its web staking functionality offers users a way to generate investment income on their CREDIT holdings. 

To learn more about TerraCredit, check out the project’s website.

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Chipper Cash: How to Seamlessly Send and Receive Money Across Africa

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Chipper Cash

Are you looking for a quick and easy way of sending and receiving money in Africa? In this guide, we will explore how Chipper Cash can enable you to transact comfortably right on your mobile phone.

What is Chipper Cash?

Chipper CashChipper Cash is a money transfer platform that enables seamless cross-border transactions. The payment service aims to democratise financial services for Africa’s unbanked by allowing them to transact through their smartphones.

According to Chipper Cash, the app is the first of its kind to provide instant cross-border mobile money transfers on the continent.

The app allows you to connect one or more mobile wallets, and transfer money to a number of locations. Moreover, all in-country transfers are free, which makes it an inexpensive option for P2P payments. The app is available for Android and iOS devices.

How Does Chipper Cash Work?

To access Chipper Cash, you have to download the app onto your smartphone. You can download the app on the Google Playstore for Android users or from the Apple store if you are on iOS. You will have to register an account before you start transacting on the platform. The platform allows you to register using your email address or phone number.

The verification process is fairly easy. You input personal details including your bio, address, and select the default currency for your account. Interestingly, the app can sync with your device and automatically select your current location as your address, saving you precious seconds inputting the same manually. Finally, registration is complete once you set a four-digit PIN and log into the platform.

Chipper Cash has a simple UI that consists of three main windows; the activity section, the referral section, and the user profile page.

To send money you have to ensure the recipient is a verified user on Chipper. If possible, request their Chipper Cash tag to confirm before sending money. Alternatively, you can scan the QR code of the recipient, if nearby, and send him or her the funds instantly.

How to Send and Receive Money

Chipper Cash AppYou can load money from your mobile money account onto your Chipper wallet using the ‘Add Cash‘ functionality at the top of the page. When transferring money from your phone you will receive a request for approval on your phone. Once you approve the prompt the money will be credited in your Chipper wallet. The reverse will happen when you need to transfer money from your Chipper wallet to your mobile money account. To do this, simply tap, the ‘Cash out‘ option in your profile, and a similar process will be initiated.

You can request money from anyone on Chipper by utilising the ‘Request’ tab on the bottom of the landing page. This is no doubt a good feature when following up on payments or seeking refunds for erroneous transactions. The platform does not charge any fees, even for cross-border transfers. Moreover, Chipper Cash has no minimum balance for sending money and is thus suitable for micro-payments.

According to the platform, there are plans to roll out a Chipper Cash ‘escrow’ service. Currently, to cancel out a transaction sent to the wrong address you have to request the recipient to reverse the same. However, the recipient has to approve such a request. To avoid such a scenario you are advised to check that you have the correct address before you send money.

While there are no limits to how much you can send per transaction, there are limits to how much you can ‘Cash In’ and ‘Cash Out’ on the platform. Furthermore, you can send money to a recipient who is not on the platform. They will receive a text message notifying them of the payment. However, they will still have to download the app to access their funds.

Other Chipper Cash features include:

  • You can link multiple mobile money accounts
  • Generous referral program

Pros and Cons of Using Chipper Cash

Pros

  • Simple UI
  • Free cross-border transactions
  • No minimum balance
  • Discounted airtime purchase
  • Interoperable – you can connect multiple mobile money accounts
  • Dedicated customer support team

Cons

  • Lengthy verification process
  • Lack of an ‘escrow’ functionality

The Chipper Cash app is currently available in seven African countries including Ghana, Uganda, Kenya, Tanzania, Rwanda, Nigeria, and South Africa. Moreover, the platform is backed by several prominent VC’s and organisations with future plans to expand into new markets.

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How to Trade Bitcoin Safely and Securely

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Trade Bitcoin

The unfortunate reality is that scammers continue to plague the digital asset markets. Therefore, it is important to learn how you can protect yourself when trading or investing in crypto. To help you achieve this goal, this guide you will explain how to trade bitcoin safely and securely.

How to Trade Bitcoin

legitimate bitcoin doublerYou can trade bitcoin on exchanges and peer-to-peer (P2P) marketplaces by buying and selling directly from and to other traders. On the other hand, you can place a buy or sell offer, which will appear in a public listing on the exchange. By doing this, you become a market maker.

Market making is the process of providing liquidity to buyers and sellers on an exchange by placing offers and limit orders. Market makers earn money from the difference at which they sell or buy cryptocurrencies.

For example, you can place sell and buy bitcoin offers on Paxful after creating an account and completing the verification process. When you create an offer, you will set the trade limits and the trade margin. The trade limit means that other traders can only buy from you a minimum of ten US dollars and a maximum of 50 US dollars worth of BTC for example.

Use a Trusted Platform to Trade Bitcoin Safely and Securely

Young AfricansThe first step towards trading bitcoin safely and securely is choosing the right platform. A suitable crypto exchange or marketplace should have customer support, it should be transparent, and compliant. Therefore, find out what people are saying about a particular platform, and if it is mostly positive feedback, you can trade on it.

Furthermore, a good platform should comply with any relevant regulations and it should clearly outline terms of service and its privacy, dispute, KYC, and AML policies. Moreover, a good platform is transparent enough to reveal its fees, whether it stores your crypto or not, and what it is responsible for.

For instance, Paxful clearly states in its terms of service that it “does not act as a payment processor.” That means that the liability for the entire payment process lies between the buyer and the seller. Additionally, Paxful explains that it does not custody the digital currencies of its users.

Learn the Rules

Before you begin to trade bitcoin, understand the rules of that platform. Learn how the platform works and what you should do in case a problem arises while trading. Moreover, find out what you can and cannot do. The last thing you want is to get blocked from a good platform for breaking the rules.

Besides the policies and terms of service, you can learn a lot from the FAQ section and the blog. Therefore, make sure that you read through them before you begin trading.

Trade Bitcoin with Verified Traders

Another precaution that you should take is trading with verified users only. Most crypto exchanges and marketplaces require their users to verify their identity through a KYC process. This could entail ID, phone, home address, and email verification. Once users submit these details, the platform will determine their authenticity, then either approve or disapprove their applications.

Therefore, ensure that you trade with traders that have fully completed the verification process because it means the platform has approved their authenticity.

Paxful has several verification levels that give users certain trading rights. For example, if you only verify your email address and phone number, you can only carry out trades of up to $1,000 per trade. If you verify your ID, however, the limit per trade increases to $10,000.

Choose Traders with a High Positive Feedback Score

You are most likely to have a smooth trade when transacting with a user that has a high positive feedback score. Also, read the feedback that other traders have written before starting a trade.

A platform like Paxful allows both buyers and sellers to leave feedback after carrying out a trade. As a result, always trade on a platform where you can view the feedback left by other traders.

Use Escrow

Another safety precaution you can take is to trade bitcoin on a platform that offers escrow. The escrow feature protects the buyer by locking the bitcoin as they make the payment.

The Paxful escrow, for instance, locks bitcoin once a user initiates a trade. Paxful keeps the bitcoin locked until the conditions of the transaction are met. If you complete the payment process and the seller fails to release the bitcoin from escrow, you should report the issue immediately to the Paxful customer support.

Do Not Trade Outside the Platform

Never agree to trade outside a platform because the risk of getting scammed will increase. Therefore, if someone asks you to trade outside an exchange or P2P platform, politely decline.

They could offer seemingly logical reasons for their proposal or offer a better deal. However, if the deal is too good to be true, think twice. Users that make such proposals probably do not have the best intentions anyway.

Cancel a Trade if Something Does Not Seem Right

If the above scenario takes place, you should cancel the trade immediately. Also, if the trader is making other proposals instead of carrying out the transaction as expected, cancel the trade instantly. If possible, report the user to save other traders from getting duped or leave negative feedback.

Note, however, that it is not always easy to tell that something is wrong. For that reason, be alert when trading bitcoin and never be desperate.

Ensure That the Trader’s Names Match

When making a trade, ask for the user’s ID and confirm that the ID name is similar to the bank account name or the online wallet account name.

The process of naming matching will let you know whether you are sending payment to the seller or to someone else. So, if the ID name does not match the PayPal account name, you should cancel the trade .

Trading bitcoin should not scare you. As long as you observe the tips above and refrain from desiring quick and huge returns, you will remain safe.

Aside from trading bitcoin, you can earn digital currency in these other four ways.

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