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cryptocurrency

Reasons Why You Should Opt For Cryptocurrency

The global economy is certainly moving towards a digital eco-system. From investment to money transfer, the whole system is going paperless. The latest and most promising add-on to the digital payment sector is a cryptocurrency exchange.

A cryptocurrency is a decentralized electronic currency like normal currencies such as USD and Euro with many other benefits. Since it is not issued by a central authority, governments can’t seize it from you.

Over the last couple of years, cryptocurrency has been quickly gaining the public eye. Here are a few good reasons behind it.

  1. Fees

There was a time, not that long ago when cash was king and financial institutions gave generous incentives to people who chose to place their cold hard cash into institutional coffers. At present, bank accounts of all sorts, as well as debit and credit cards, have fees associated with the money transfers. There are debit and credit card fees, ATM fees, checking account fees, overdraft fees, check fees, transfer fees, charge-back fees, foreign transaction fees, minimum balance fees, false decline fees, et cetera.

In comparison, successful cryptocurrency payment gateways charge between 0.5 percent and 1 percent per transaction. In most cases, a cryptocurrency exchange account in the form of a digital wallet is completely free to own. 

  1. Sensitive Data

Banks and credit organizations, as well as retailers and service providers, gain and retain too much of their customers’ personal and financial information. Details contain your name, address, employers, social security number, net worth, assets, investments, account balances, credit score, credit line, and transaction history. Those details also elaborate on everything we do and buy, who we connect with, when, where, etc. including our personal, professional, and financial data sets. 

Cryptocurrency exchange gives an option by limiting the amount of transaction data to mere numbers. A cryptocurrency payment processor acting with the best crypto exchange as a third party will typically want your name (and shipping address for the delivery of physical goods), but the rest of your information will stay private as long as you don’t connect your bank or credit card account and transact solely in BTC.

  1. International Use

Cryptocurrencies are a borderless way of exchange allowing for immediate and cost-effective transactions across the world. All that is needed is an internet-enabled device like a smartphone. That’s all!

Ecommerce

Receiving cryptocurrency online with top crypto exchange has never been easier. Shopify and Etsy merchants can choose to accept BTC, ETH, and other cryptocurrencies. Woocommerce and Easy Digital Downloads vendors can use WordPress plugins like Mycryptocheckout for the function. 

Setting up cryptocurrency payments is super easy and quick and merchant transaction fees are 60-70% lesser compared to regular transaction fees.

  1. No Charge Backs

Unfortunately, there are customers who make a purchase, receive the things they ordered and, perhaps, even use them only to cancel their compensation. They can do this because fiat payments are not immediate.

In cryptocurrencies, once a transaction has occurred, there is no turning back. Funds ‘travel’ from one wallet to another, the transaction is noted and it cannot be reversed. This is not to say that a client cannot return an item and request a refund by talking directly with the vendor. Of course, they can! Chargebacks are intended to prevent fraud and yet they often accomplish the very opposite. 

  1. Mobility

Mobile payments is now the future. Being able to use a smartphone in place of a credit card is super convenient.

Traditional, fiat-based fiscal transactions, particularly too much data in one place. This causes huge security issues.  All presently available mobile fiat payment processors store credit card information which comprises all of our financial information. All that data is online and on our mobile devices wherever we go.

Cryptocurrencies are a more reliable digital cash option and are perfect for mobile payments by default due to their virtual, decentralized nature.

  1. Commercial Use

It has been estimated that 20 million people worldwide own cryptocurrency. Most others have heard of bitcoin and plan on adding it to their portfolio.

Square, a credit card payment processor serving merchants, employers, and mobile payment users, is out-competing Paypal while also growing its profits through BTC sales. Square’s merchant clients have expressed interest in receiving bitcoin. A 2017 Cambridge Centre for Alternative Finance study confirmed that 40% of consumers would be able to make purchases with BTC.

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cryptocurrency

How to Buy Ethereum in India

With the cryptocurrency boom that has gripped the world, there has been a precedented growth of multiple cryptocurrencies that battle among each other to gain dominance among the investors. Currently, there are around 5000 different kinds of cryptocurrencies in almost 20,000 different markets for investors to choose from. Since its beginning in 2009, Bitcoin has been the leader in cryptocurrencies and has gained a substantial amount of trust among its investors and traders. But over the course of the last several years, many different cryptocurrencies like EOS, Dash, and Golem have gained a substantial foothold in the exchange markets and are bound to attract a lot of investors over the course of time. The most notable among them is Ethereum and its increasing growth as an underdog in the cryptocurrency race.

  • What is Ethereum?

Ethereum is a global, decentralized platform for money and new sorts of applications. On Ethereum, you can write code that regulates the money, and build applications accessible anywhere in the world. Ethereum (ETH) is both a cryptocurrency and a functional decentralized environment that truly made a revolution in the whole IT industry.

The internal currency of the program is Ether, its abbreviation is ETH. Ether is practiced not only as a unit of account. It also ensures the execution of smart contracts, playing the role of a “fuel” for the network. In terms of support and prevalence, ETH is now at the top of the existing digital currencies on the market.

  • Why Buy Ethereum in India?

Ethereum also has a unique purpose as compared to Bitcoin and similar cryptocurrencies. Although Ethereum can also be regarded as a digital currency, its primary motive is to facilitate and monetize the operations within its platform rather than establishing itself as an alternative currency. Even though Ethereum shouldn’t be regarded as a competition to Bitcoin and similar cryptocurrencies, its popularity among the investors soon pushed Ehtereum right behind Bitcoin in terms of market cap and is competing against all cryptocurrencies as of now. Even though Ethereum might rank second on the cryptocurrency rankings, the Ethereum market cap of $25,483,988,714 USD is much less than that of the Bitcoin market cap of $168,259,882,356 USD but is still way more than the Dash market cap of $650,015,908 USD and Golem market cap of $49,535,134 USD.

  • How to Buy Ethereum in India?

Ethereum can be easily brought from different top crypto exchange platforms that exist over the internet. Since Ether is the second most valued cryptocurrency on the market, it is fairly easy to come across a program that would operate within the jurisdiction of the law of the land. There are many exchange platforms that exist in India that provide investors and traders a medium through which they can acquire Ether. Ether can be bought using fiat currency. As of 30th June 2020, the amount of 1 Ether to INR is at 17,155.54 INR. Exchange platforms give Ether for the stipulated rates with a minor fee for providing their services.

  • How to buy ETH with a credit or debit card

1. Go through the registration process of the exchange;

2. On the landing page, select location and desired payment method;

3. Choose a trader or create an advertisement;

4. Complete the trade and receive ETH in your wallet.

  • Uses of Ethereum in India

Ethereum is usually sought by developers who are intending to create and run applications inside Ethereum. Investors also utilize Ethereum as a means to monetize work inside Ethereum and to codify, secure, and trade nearly everything inside the platform. Ethereum also partnered with Microsoft’s ConsenSys and thus giving Microsoft Azure users with Ethereum blockchain as a service and hence providing them with quick access to a cloud-based blockchain developer environment.

The research is conducted in a variety of methods including through in-depth expert analysis, comparison, and continued monitoring of the exchanges’ offering and services. It is for this reason that Shiftal is perfectly placed to help our traders choose reliable cryptocurrency exchanges to work with.

  • The advantages of buying from us:
  • Simple service to buy ETH
  • Facility to buy Ethreum (ETH) with a credit/debit card or other payment methods;
  • We are round the clock customer assistance;
  • Fast and safe transactions;
  • Escrow Protection.
  • Regulated Exchange.

Our service does not collect any details of our client’s banking transactions. Moreover, we do not even see the details. All fiat transactions are conducted in accordance with strict security norms and traders are protected through the Escrow system.

How to buy Ethereum with Paypal?

Cryptocurrency has evolved as a new form of currency accepted all over the world in the past few years. Currently, there are myriad ways people can purchase cryptocurrencies. The increasing popularity of cryptocurrencies has made people interested in buying Bitcoins, Ethereum, Litcoins, and many more, and identifying a reliable source to buy them is imperative as there are some of the best crypto exchange platforms that allow people to buy digital currencies with an easy payment option. One of the most popular platforms to buy Ethereum is PayPal.

PayPal connects directly to your bank account; it doesn’t need to be funded and is easy to use service. It has been able to provide users with an alternative payment solution and plays the role of intermediary during a transaction by withdrawing the necessary money directly from your bank account. PayPal is an online payment service that is highly appreciated by users as it offers them great protection. In fact, during a transaction through PayPal, all you have to do is enter your email and password, you don’t have to provide your bank details. Therefore it is a fast and secure means of payment. Along with that, PayPal is a smart alternative to some banks that do not hesitate to charge large transaction fees.

It is a lot easier to buy ethereum with PayPal using a broker or platform. Buying ETH with PayPal using a broker can help you to easily deposit into an account and then use their platforms to quickly buy the asset.

Is PayPal a commonly accepted payment method for ETH?

The options for buying Ethereum with PayPal are limited, however, that’s not to say that they don’t exist. Fortunately for many investors and traders, there is an ample number of ways to purchase Ethereum with the world’s largest E-Payments platform.

Is buying Ethereum with PayPal the best method?

Buying ETH from a reliable source using your PayPal account can be a little challenging and a bit tricky but times have changed. The old protracted way to buy ETH with PayPal looked something like this:  You had to put your PayPal balance onto a credit card, buy Bitcoin on an exchange, then look for another exchange to buy Ethereum online with Bitcoin. However, now paying deposits using PayPal on sites like eToro, 24Option and Coinbase are as easy, just as you would make a purchase for other online products.

Here’s a quick and an easy guide to buy your first Ethereum with PayPal

By now you must have understood the process to buy ETH with PayPal and know what your options are, now you need to know how to use them to buy Ethereum with PayPal. If you are still confused about how do you buy Ethereum, understand the process we have outlined in the given steps:

Your safest bet is to use PayPal to buy Ethereum via other trading platforms like eToro, 24Option, and Coinbase.

What do I need before getting started?

You’ll need to provide some information to sign up to any brokerage platform. Buying or selling ether is completely anonymous, but in order to verify your account and to combat fraud you need to provide some information. Here’s what you need to prepare to get started:

Method of payment

To buy ethereum with a PayPal you’ll need to have your account details to hand and you should ensure there are no restrictions on payments of that type through your chosen service.

Proof of identity

You must have a valid identity proof, as you’ll almost always be asked to provide a valid ID to prove your identity when signing up to a platform. A passport or driving license is amongst the most commonly required and you’ll often be asked to supply a selfie of you after providing the required documents to it to verify it’s yours.

Proof of address

Along with your identity proof and your picture you’ll be asked to provide proof of your address, generally in the form of a utility bill or a bank statement. If by any chance you don’t have access to any of these documents, others are sometimes accepted. This will, however, depend on the platform you are signing up. So be sure to check you have the right forms of ID proofs before signing up for a particular service.

Exchange or broker platform

After all the above steps, you need to decide the platform you want to use to buy Ethereum with PayPal. You can consider any platform you want to get out of your investment and make sure that the platform or provider accepts PayPal payments.

Buy Ethereum with PayPal: the steps

Sign up on the platform and buy ETH. Let’s get started.

Visit the site and sign up for a free account. Select a platform from and select the option to register an account.

Create a password. It’s really very important to have a solid password, especially on a crypto exchange, as your account will be used to store your ethers. So you should ensure to include a mixture of letters and numbers and make your password memorable.

Activate account. In the majority of the platforms, the next step is to check your email for an account verification message, this message will include a link to activate your account.

Fund account or make payment. To buy ETH with PayPal (many of them don’t), you’ll simply have to select the option to pay with PayPal on the platform you are using. This will redirect you to a page that will enable you to pay from your PayPal into the account you’ve created on the platform. Make sure your PayPal account is active, funded, and has no restrictions.

Buy ether. If you’ve made a payment, congratulations! You’ve bought your ether with PayPal.

Pros of buying Ethereum with PayPal

  • PayPal is quick which makes it easy to buy ethereum
  • PayPal usually has low transaction fees for purchases
  • Your transactions are guaranteed to be secure on Paypal
  • Once you’ve bought ethereum with PayPal, you can shop anonymously with your ether
Categories
cryptocurrency

How to Buy Bitcoin in India?

Bitcoin is, of course, the first cryptocurrency to come into existence. Invented on 31st October 2008, it was based on the white paper submitted by Satoshi Nakamoto. While there was only one cryptocurrency in 2008, now there are more than 5,000 out there. In a little over a decade, think about the giant leap that cryptocurrencies have taken. While you are reading this post, there’s probably another cryptocurrency getting deployed somewhere. People have already begun investing lump-sum amounts in cryptocurrencies with amazing returns. As the de facto face of the crypto market, Bitcoin is a worthy investment for the foreseeable future. If you’re wondering how you can buy bitcoin in India, let’s have a look at how you can get started:

  • How to Buy Bitcoins in India

There are numerous ways to buy bitcoin in India. They can be bought on exchanges and there are several marketplaces that facilitate transactions directly between people. The method of buying bitcoin varies depending on your preferences, available options, and capital. But you can use a variety of methods such as – online transactions, cash or even bank transfers – more on that, below.

The preliminary step when buying cryptocurrencies is to get hold of a digital wallet to store your bitcoin and it is mandatory for buying one. After that, you can use any of the above-mentioned methods to buy bitcoin. There is no restriction on the type of online wallet you use. The various types can be:

  • From any exchange platform
  • A desktop wallet
  • A mobile wallet (Decentralized)
  • It can even be an offline one like a hardware device

It’s highly recommended you use a personal wallet – either a desktop/mobile one or even a hardware device, for maximum security and safety.

Here are some essential tips on keeping a digital wallet:

The first and foremost aspect is securing the keys or passwords of your wallet. You can’t lose the key, as it can never be recovered. Losing the key, therefore, means losing access to all your holdings in the Bitcoin wallet.

The second aspect is to invest according to your budget, as the prices of Bitcoin fluctuate just like stocks. At times you might make a huge profit out of them while during the other times the loss may overshadow your profit. Hence, invest wisely.

  • How Many Ways Can You Buy Bitcoins?

One of the Best ways to buy bitcoin in India is by register on an online cryptocurrency exchange. There are several crypto exchanges available today that are secure and boast of healthy liquidity to allow quick and easy trades. All you need to do is a bit of research on some of the cryptocurrency exchanges ideal for you in order to clearly get the bigger picture. Some exchanges are prone to security lapses and can be unreliable, so you need to be careful. Similarly, you should also research your Bitcoin wallets before getting hold of any of them. Some of the globally renowned Bitcoin exchange includes Shiftal. They offer:

  • P2P marketplace functionality – where you directly engage with a suitable trader for each transaction and trade your BTC or ETH with wide range of payment methods.

After the introduction of KYC (Know your client) and AML (Anti Money Laundering) norms, most exchanges require your information in order to validate your identity. The information includes your ID proof, photo, bank account details, proof of address, and so on. Shiftal provides easy KYC onboarding through YOTI.

The mode of the transaction can be varied, as you can Buy bitcoin with card also. There is a tiny transaction fee for each and every transaction you make and that includes the cost for using the bitcoin network as you transfer your holdings from the exchange to your wallet. Some even Buy bitcoin with paypal as well. The transaction might take some time – from a few minutes to hours – it is entirely dependent on the network traffic that is a part of the transaction.

As soon as your transaction is complete, you will have Bitcoins in your exchange wallet. You can then transfer the funds to your wallet off the exchange.

  • How much return can you get if you invest in Bitcoins?

The decentralized virtual currency that took the world by storm has witnessed a 300 percent rise in value in just one year. Its value hit an all-time high when Japan passed a law to accept bitcoin as a legal payment system. Despite RBI’s reluctance to recognize the cryptocurrency, the interest in Bitcoins in India has not waned. Value of Bitcoins may not come down as there are a limited number of Bitcoins and every day more and more people are showing interest in investing in the cryptocurrency.

The leading peer-to-peer bitcoin marketplace is now in India. Shiftal is the best option if you want to convert your INR to BTC. With escrow-backed payments and over 70 payment methods available, buying bitcoin has never been more safe and easy. Your peace of mind is our top priority, that’s why your bitcoin wallet comes loaded with robust security features and two-factor authentication for additional safety. With stringent verification measures and a transparent process, Shiftal is one of the safest trading environments in the world.

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