The easiest way to buy cryptocurrencies is to exchange it for another, but in case you don’t have any you can buy it with a credit card. In this post we will tell you how you can buy a Token with US dollars.
In general, Bitcoins are always bought, and then you exchange it for the cryptocurrency of your choice, although there is an Exchange that allows you to buy any Token directly: Changelly .
For example, you can buy Ripple, Nem, Ethereum or the Token of your choice directly with US dollars.
You just have to choose in Pay With US Dollar, and in You Get the cryptocurrency you want to buy, as simple as that .
To keep in mind …
- Being one of the few Exchanges that accept credit cards to buy cryptocurrencies, it may not work at times. On some occasions we have tried several times to be able to buy.
- It is important to review the commission they charge you, since in some cases it is high for cards, although they always inform you beforehand, and if you agree, you proceed with the purchase.
- The minimum purchase amount with a credit card is US$15.
- CriptoTendencia.com has no commercial relationship with Changelly, and the purchase / sale of cryptocurrencies is under the responsibility of each one.
Has the cryptocurrency bubble burst?
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On June 12, Bitcoin touched $3,000 for the first time in its history, three days later it is trading at $2,300.
To be more clear, on Monday the market capitalization of Bitcoin was $49 billion, right now it is below $38 billion. More than US$10,000 million were erased at a stroke of the pen in 72 hours.
The objective of this post is to answer… Did the cryptocurrency bubble burst?
It is worth clarifying that the main cryptocurrencies have suffered large-scale crashes, such as the case of Ethereum, which on June 12 recorded its historical maximum at US$414, currently trading at around US$320.
You don’t have to be a market guru, but rather look at the TOP 10 Tokens to realize that large investors have withdrawn money from the «Blue Chips». The big question is… Why?
After the strong rises of the last few weeks, they have made a profit taking, something that always happens in all the markets of the world, and cryptocurrencies are not going to be the exception.
Cryptocurrencies are here to stay, this does not mean that there is a place for all those that are traded, but for many.
My advice remains the same… To buy cryptocurrencies you don’t need to look so much at the price (if you think long-term), but rather that your project based on the Blockchain is solid and sustainable in the future.
The Token market is very new, and we will surely see strong volatility for a long time, until the cryptocurrencies manage to find a balance point.
To finish, I answer the question of the post… No bubble burst, it is just a normal correction in the Tokens.
At the time of writing this report, this is the Top Ten.
What is BitShares?
BitShares is a decentralized platform that offers a wide variety of financial services, including Exchange and Blockchain-based banking.
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BitShares is a decentralized platform that offers a wide variety of financial services, including Exchange and Blockchain-based banking.
The Bitshares platform is maintained by the BitShares Community : an open consortium of individuals and organizations committed to providing universal access to the power of smart contracts.
Working together, this community has designed and developed the BitShares platform to include numerous features, which are not available in any other project within the smart contract industry.
A SmartCoin is a cryptocurrency whose value is linked to that of another asset such as the dollar or gold. SmartCoins always have 100% of their value backed by the BitShares base currency (BTS), to which they can be converted at any time at the asset’s exchange rate, set by a trusted price feed.
BitShares offers a high-performance decentralized marketplace, with all the features expected of a trading platform. It can handle the trading volume of the NASDAQ, and place orders the second they are issued.
BitShares 2.0 is designed from the ground up to process more transactions every second than VISA and MasterCard combined . With Delegated Proof of Stake, the Bitshares network can confirm transactions in an average of just 1 second, limited only by the speed of light.
For more information about how to buy cryptocurrencies, especially Bitshares you can visit its official site .
BitShares is currently trading at $0.34, ranking #9 in market capitalization.
What is Dash?
The Dash cryptocurrency is the first fully decentralized digital money system, which is increasingly accepted by businesses on the Internet.
Dash allows you to make instant and private payments online, as well as in physical stores. Being a «Blue Chip», you can get Dash in most Exchanges.
Dash’s technology is based on a two-tier P2P (Peer-to-Peer) network design. This technology rewards users who run a special type of node called a Masternode, and maintain it 24/7 with dedicated hardware.
The network requires that those who maintain the Masternodes must provide cryptographic proof that they own 1,000.00 Dash per Masternode. This secures the network against “twin” type attacks, making these types of attacks very expensive.
This means that new types of decentralized services such as instant transactions and anonymity can be offered, without the threat of low-cost network attacks.
Any major Dash project is approved and funded by a public decentralized system, which autonomously funds projects based on votes from the Masternode network.
Thanks to the incentives, the Dash network has grown to 4,100 Masternodes, which means that Dash is the only currency that can compete with Bitcoin in transaction processing power, and future scalability.
For more information about how to buy cryptocurrencies, especially Dash you can visit its official site .
Dash is currently trading around US$180, ranking number 7 in market capitalization.
What is Monero?
Monero was born in April 2014 as a fork of Bytecoin, the first cryptocurrency to use the CryptoNote protocol instead of the one used for Bitcoin. Did you like the content? share it
Monero was born in April 2014 as a fork of Bytecoin , the first cryptocurrency to use the CryptoNote protocol instead of the one used for Bitcoin.
In principle, Monero (XMR) was born with the name of BitMonero, a union between ‘bit’ of Bitcoin and, literally, «coin» in the Esperanto language.
The main reason for its success is that it provides absolute anonymity when making transfers.
Monero is the most anonymous cryptocurrency in the world, since although everything is registered in a Blockchain, the real amount of the shipment cannot be known.
Monero is associated with the dark side of the web, as it is accepted on sites to buy weapons, drugs, and other illegal things. Despite his bad press, his share price is constantly growing.
the privacy provided by Monero is not only used to finance criminal activities. In fact, there is a completely legal use case: that the owner of moneros does not want it to be known how much money he has.
Monero is one of the few cryptocurrencies not built on Bitcoin technology. Specifically, it was built on the CryptoNote protocol, an encryption system that ensures that transactions are not signed by a single person, but by several at the same time.
Scalability is another difference that is focused on, since the size of the block has no predisposed limits. This is calculated automatically after a trial period, and there will always be enough reward for miners, with a subsequent inflation of 1% after their first issuance curve.
Also, a larger block size than Bitcoin means it can handle a larger number of transactions per second.
Monero is a very liquid cryptocurrency that can be found on most exchanges .
At the moment there are about 15 million Tokens circulating, and there is no maximum amount that can be issued. It trades around US$51, ranking 11th in market capitalization.
The Fantastic 4: Bitcoin, Ethereum, Ripple and Litecoin
At the time of writing this post, all cryptocurrencies have a market capitalization of over US$112 billion, a huge figure for such a new market.
The Fantastic 4 : Bitcoin, Ethereum, Ripple, and Litecoin account for 80% of the cryptocurrency capitalization, at $90 billion.
We are going to analyze the situation of the most valued Tokens in the world…
1-Bitcoin
The star cryptocurrency has returned to its upward trend in the last few hours, currently trading around US$2,600.
Bitcoin has two challenges ahead . First, to clarify the rumors about its possible separation in 2, which would cause a sharp drop in its price. Second, maintain stability in its price.
At the moment the support for Bitcoin is located at $2,000, and the great resistance to beat at 3,000.
2- Ethereum
In recent days Ethereum has gained more strength, seriously threatening to dethrone Bitcoin as the currency with the largest market capitalization.
Ethereum is undoubtedly one of the most promising Tokens, thanks to the possibility of executing smart contracts.
Ethereum’s short-term challenge is to break the $400 barrier, a value it reached in mid-June.
3- Ripple
Ripple, known as the banking cryptocurrency , is the most stable of the “Fantastic 4”, trading around US$0.30.
Every day it gives unbeatable short-term trading opportunities, since its range of movement is usually wide (0.25 to 0.32).
Ripple is a currency that can be taken off strongly if new banks, apart from Santander UK, which is already investing, join this initiative.
4- Litecoin
Litecoin has doubled in value so far in June , with strong trading volumes. Now it is trading at just over US$45, reaching US$53 at the beginning of the week.
Litecoin’s challenge will be to consolidate above 50 dollars, a task that will not be easy to achieve in the short term, although in the world of Tokens everything is possible.
