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Bitcoin FAQs

There is a little bit of controversy surrounding this particular question. Officially, Satoshi Nakamoto is the person responsible for designing Bitcoin and its reference implementation. However, the issue is that Mr. Nakamoto was somewhat secretive about his identity. He has claimed before that he was a man living in Japan who was born on April 5th, 1975.
As mentioned earlier, the Bitcoin currency system is not controlled by any single entity. The system is decentralized and thus no government has any authority over it. True control over bitcoin is with the people and businesses that invest into it, mine it, or use it for purchases.
From an end user side, using bitcoin is extremely simple. It can be based on software on your computer or an application on your mobile device. You use the software to send or receive BTC to and from your wallet. This wallet has a unique encrypted set of numbers and letters which is linked only to your software and no one else’s. Users can send money to your wallet and you can send money to other wallets on the Bitcoin network. When using a mobile device, you will often see the use of QR codes which make the process of paying BTC to another user a lot simpler. All you have to do is scan the QR code and verify the amount of BTC you wish to transfer.
There are four ways to get Bitcoins. *The first one is pretty simple and self-explanatory: you offer goods or services in exchange for bitcoins. No strings attached, just determine the price of your service or goods in BTC and make the exchange. The buyer will send the appropriate amount of BTC to your wallet and upon receiving it you will provide the requested service or goods.
*The second way to get BTC would be to make a purchase through Bitcoin exchange. Generally, there are plenty of different exchange sites available where you can look for buyers and sellers of BTC. You will also need to use your Bank Account, which will be linked to the exchange website to make BTC purchases. Although there are a few exchanges that let you buy BTC with other methods of payment, such as PayPal, usually there are additional fees involved when using these alternative payment formats.
*The third option is a bit less private and anonymous, and more hand to hand. You can find a person near you who is offering to sell BTC and pay them in cash for the transaction. This option is usually deemed as more risqué since hand to hand transfer of money is involved, thus we suggest avoiding this method of acquiring BTC as much as possible.
*The last way, and to some the most appealing way, to get Bitcoins is through “mining.” Bitcoin mining is a process through which transactions on the Bitcoin network are validated and stored on the blockchain, the ledger which keeps track of all Bitcoin transactions. Essentially, it is a term used to describe the confirmations and processing of Bitcoin payments. There is specific hardware which has been developed and designed to make the calculations to verify transactions more optimal and efficient than if it was done by a standard computer. Every time a block chain is solved a reward of Bitcoins is given to the solving machine. As of June 2017, the reward for solving one blockchain is 12.5 BTC. This number is halved roughly every 4 years. This ensures that there isn’t a constant infinite flow of Bitcoins into the Bitcoin network. In fact, the open source code which was created by Satoshi Nakamoto dictates that there will be no more than 21 million bitcoins generated throughout the lifespan of Bitcoin.
Often, completing a Bitcoin transaction is easier than making a purchase with a debit card or a credit card. All you need is your wallet address and you can make payments or request Bitcoins through your PC software, mobile application, or web wallet. You can even create custom QR codes which, when scanned, will automatically put in the amount of BTC you are charging and your address so that all the sender has to do is confirm the information and click send. There is even an option to use Near-Field Communication (NFC), which most smartphones are equipped with today, to simply press your phone back to back with the seller’s or buyer’s phone and complete the transaction.
There are a few reasons why you might want to decide to use Bitcoin over traditional currencies. One of the most sought after reason is the ability to use Bitcoin anywhere, anytime, and in any amount. When you are working with Bitcoin, there are no borders, no bank holidays, no bureaucracy; all aspects of Bitcoin are controlled by the users.
Much lower fees is another reason why so many people are starting to choose Bitcoin as a form of currency. When receiving Bitcoins you do not pay any fees, and when sending Bitcoins from your wallet, often you will be given an option to choose how high your fees are depending on how fast you want the transaction to be verified and completed. The best parts isn’t the low fees, it is the fact that all transactions, no matter how many Bitcoins you are sending, will cost the same amount in fees. You can send 200,000 BTC or only 2 BTC and the fee for the transaction will be the same.


Account FAQs

We invest and manage portfolios of an increasing number of third party clients in various investment instruments across the blockchain and crypto currency markets.
We advise you consider your financial goals and how much you’re willing to put aside to achieve it.
The minimum investment amount is $100.00 for our generic plan and $5,000.00 for our standard portfolios
Different investment plans attract different penalties upon early withdrawal. Where applicable, the penalty will most often be on the amount withdrawn not the whole amount of funds under management.
We have different fees for different investment plans but our fees vary between 1.25% and 1.75% per annum.
Theres no VAT or withholding tax charge on our investments
Depending on the type of investment plan, the current value would be the current rate the investment is performing.
Given our track record, experience and expertise, we ensure that our customers’ investments are invested with the utmost care, noting the type of investment the client is willing to invest in.
No, we do not offer guaranteed rates of return on any of our plans. However, we are often able to give indicative expected rates of return on some of our plans.
Depending on the investment plan, interest is accrued on a daily basis on the balance even after the withdrawal is made.

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