You can now buy and sell Bitcoin directly in Paypal 🙂
There is another alternative so call getblockcard.com but that getblockcard Ternio tokens hasn’t been doing well at all, a lot of negatives on how a user sends bitcoin value just to find out it shrunk up to 50%, meaning $50 deposit only $25 available to spend, despite their promise of cash back rewards and earning still doesn’t account for the loss when making the deposit, on top of that user being charged $5 a month for the card inactivity. So if you deposit $50 BTC, and only $25 to spend, but if you don’t spend it, your balance will be $0 in 5 months or less if you don’t use your card spend at least $500 a month. That $25 balance you have will not be spendable as $25, it will go down to $20, $10, $1, but not $0 though due Ternio token price fluctuating.
As many in the Cryptocurrencies business know, over the past few days Bitcoin confirmation been super slow and expensive, even so expensive backlog of confirmation occurred and over 100k transactions and counting waiting to be confirmed.
Bitcoin transactions that have have no fees will never get confirmed and eventually will get drop off and reversed back to the sender in a week or 2.
Bitcoin transactions that have low fees will get confirmed but could days up to 4 days or a week.
Bitcoin transactions that have high fees, still will have to wait a very long time to get confirmed, depend on how much the high fees are, if higher than others then may take priority, just higher doesn’t mean your transaction will get confirmed right away.
It doesn’t matter where, online or offline, too many people fall for this scam and loss so much money and time, in addition to embarrassment. I have witness personally and seen it again today at a local ATM.
Army / Military Scam
A popular scam is to create the illusion that the scammer is in the military. Military personnel are generally considered trustworthy and honorable, making them an ideal persona for dating scams. Being deployed overseas is a great excuse to steal money from their victims.
I found this on reddit while doing research on yobit.net exchange scam. Seems so true for virtual currency, if a person want to play around with Bitcoin might want to consider this 8 bullets points 🙂
What is this? auto trading bot for Cryptocurrencies? seems like it, nothing new, but is it better? “Re: YoBit: RoboTrade (Profit in auto-mode)”
On Friday, August 7, 2020, 05:46:33 PM EDT, Yobit Mailer <[email protected]> wrote:
Dear YoBit Users!
RoboTrade – new tool on Yobit!
Create Buy and Sell orders in automated mode and earn PROFIT (1% 5% 10% 20% 30%) even when you sleep!
If this tool becomes popular we’ll charge 10% from orders profit for buying Yo Token.
This person asked: ” [02.08.20 23:10] How do I calculate tax when using Ternio Blockcard?” Got No answer as of now.
KAHZI – CEO, [25.04.20 20:22]
How would a tax professional give me advice on your currency?
Wesley, [25.04.20 20:27]
[In reply to KAHZI – CEO]
It’s no different than exchanging Bitcoin to Ethereum etc. You are exchanging Bitcoin to Tern. You would be responsible for keeping up with your own taxes. No exchanges advise on taxes. Why would Ternio be any different?
Is ternio taxed?
There was a question: I have a question for the future actually, let say I have 3 masternode running and one day I decide to stop masternode, how do I stop it properly so that I can withdraw or exchange all my Bitcore BTX coin?
And the answer: Your coins are always un your wallet. The easiest way to unblock them is change masternode.config file.
Just add a # in front if the masternode’s data you want to stop. Save the file, close the wallet and open It again. That is all
If you sold Cryptocurrencies like Bitcoin Ethereum etc. here’s a website with really good calculator for free to calculate what tax bracket or amount $ you need to set aside for paying tax. https://blog.taxact.com/bitcoin-tax-calculator/