Six Things You Must Know Before Investing In Bitcoin

Six Things You Must Know Before Investing In Bitcoin

We here at Digital Currency Markets have a pretty good idea about bitcoin. In fact, we built a whole site around it. So we figured what this site could use is a nice little rundown of what we know that we think you need to know before you start your bitcoin journey.

Top 5 Best Bitcoin Books You Must Read In 2019

Top 5 Best Bitcoin Books You Must Read In 2019

Reading books may feel antiquated when it comes to decentralisation and blockchain—after all, these are digital, post-paper terms which are laying the foundation for a future in which books are delivered exclusively from the cloud, or read primarily in a pre-condensed form. But don’t be fooled: to this day books and other long-form texts are still the best way to gain a nuanced understanding of any given topic. Yes, it’s a bit more of a time investment than Twitter, but as with cryptocurrency whitepapers, the time invested yields dividends in knowledge that, if utilised correctly, can in turn yield good amounts of capital.

Trading Crypto: Centralised Exchanges vs. Decentralised Exchanges

Trading Crypto: Centralised Exchanges vs. Decentralised Exchanges

Most people involved in the cryptocurrency space who aren’t motivated purely by monetary gain will likely find themselves at some point saying something like this: “One thing I really like about cryptocurrency is that it’s decentralised, and that the currency isn’t owned or controlled by a bank or state.”

With all that in mind, this article will teach you to understand the key differences, successes, and failings of both centralised and decentralised crypto exchanges.


Four Wall Street Analysts and Their Big Bitcoin Predictions

Four Wall Street Analysts and Their Big Bitcoin Predictions

Consumers and investors are nervous, especially because of the unprecedented way that politics, economic policies, and company decisions are being executed and, more importantly, communicated.

This turbulent time can be neatly exemplified by the following true story: Elon Musk was recently forced by the United States Federal Exchange Commission (FEC) to resign as chairman of Tesla as a result of what essentially amounted to a bad weed joke he made on the internet to entertain his girlfriend. Oh, and he was also forced to pay a $20 million USD fine. And on top of that Tesla stock dropped double-digit percentage points throughout the affair. Since then, Tesla has rebounded rapidly since announcing profitability for the first time in the company’s history.

This is, roughly, the sort of year the markets have had.


What is Ethereum Gas and How does it Work?

What is Ethereum Gas and How does it Work?

First thing’s first, let’s get this out of the way: Ethereum Gas is not its own cryptocurrency. Sure, there’s Ethereum, Ethereum Classic, and a bunch of other Ether-derived tokens, or tokens running on the Ethereum platform—but Gas isn’t one of those. Gas is something else. Something much more interesting, and it’s essential to understanding the mechanics of Ethereum. 

Sick of the Banks? Buy Bitcoin.

Sick of the Banks? Buy Bitcoin.

In this video, David describes how Australians have an inherent disdain for banks. Is it rational? Should we be grateful that our banks are profitable? 

Regardless, Bitcoin is proving its worth as a viable alternative to cash in the bank.


Five Examples of Why Cryptocurrency is Better for Transferring Money

Five Examples of Why Cryptocurrency is Better for Transferring Money

The core advantage of a cryptocurrency transfer comes from the fact that the legal burden of the trade is placed entirely on the individual at either end, rather than on the transfer and the relevant middlemen. This is because there are no specific middlemen—instead, there is a decentralised network of nodes working to transfer capital in a revolutionary new way.

Let's get specific: what makes crypto transfers so good?


bitcoin volatility

Bitcoin Volatility - 4 Key Reasons Why The Bitcoin Price Moves So Much

Bitcoin volatility hit extreme highs in January 2018, with the price of Bitcoin moving an incredible $US2,299 per day. These extreme movements have led many to ask, 'Why is Bitcoin so volatile?'.

The price of bitcoin goes up, the price of bitcoin goes down, and the same can be said of just any tradeable asset.



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Use Digital Currency – How it works

How our Bitcoin Gift Card works

What is a Bitcoin Gift Card?

A Bitcoin Gift Card is the perfect way for the newcomer to get their first Bitcoin. It comes with a paper wallet and simple instructions to set up a software wallet so that you can transact with Bitcoin over the internet. Bitcoin Gift Cards are available in AU$25, $50, $100 and $500 denominations.

Who should buy a Bitcoin Gift Card?

Anyone new to Bitcoin will find no easier way to get their first Bitcoin.

They can be gifted by an existing cryptocurrency enthusiast, or bought by anyone wanting to get involved for the first time themselves.

How can I pay for my Bitcoin Gift Card?

You can pay with either cryptocurrency through our coinpayments.net payment gateway, or you can use Australian Dollars through our POLI Pay facility.

Can I use a Bitcoin Gift Card to top up an existing software wallet?

Yes. When you receive your additional Bitcoin Gift Card, you can simply import the "Secret" wallet identifier from your Bitcoin Gift Card into your existing software wallet. This will move your Bitcoin from your Bitcoin Gift Card into your existing software wallet. 

What does my Bitcoin Gift Card include?

Your Bitcoin Deposit, wallet and key generation and network transfer.

How long does it take to receive my Bitcoin Gift Card?

Going through to checkout takes about 2 minutes. You won't find an easier process anywhere. Once you've placed your order, it can take between 10 and 60 minutes to receive your Bitcoin Gift Card depending on the speed of the Bitcoin network at time of purchase.

How our Flexi eGift Cards work

We have partnered with GiftPay, an aggregator of online deliverable eGift Cards in Australia.

Through our agreement with GiftPay, you are able to purchase a Flexi eGift Card from us, redeemable at a broad range of retailers in Australia.

Watch the Video to see how it works

What is a Flexi eGift Card?

A Flexi eGift Card is an electronic gift card that lets you choose where you'd like to shop! In the past if you were given a gift card for a particular shop but didn't want to buy anything from that shop, you were stuck. But now with a Flexi eGift Card, you get to choose at which shop you spend your gift. 

What's more, you may be able to split your Flexi eGift Card and spend it at different shops! For example, if you have a $30 Flexi eGift Card, you could choose to split it up into a $20 Myer eGift Card and a $10 iTunes eGift Card. 

Where can I spend it?

You can spend your eGift Card at a broad range of Australian retailers. For a full list of our retailers, click here. (page showing full list of retailer logos)

How do I redeem it?

Your Flexi eGift Card will be emailed to you. Click the link in the email to open your Flexi eGift Card.

Then convert your Flexi eGift Card into any combination of gift cards or vouchers up to the total available balance. How you redeem your chosen gift card depends on the card or voucher chosen.

Pay a BPay Bill

What Bills can I pay?

You can pay any bill that has the BPAY logo and Biller Code including credit cards.

Are there any payment limits?

Yes. You can pay a maximum of $1000 per transaction based on regulatory limits. You can however break up a bill into multiple $1000 tranches and enter the same biller and customer reference code.

How does the transaction work?

When you enter the amount you wish to pay, the BPAY biller code and your bill’s customer reference number, you will click through to our checkout.

At checkout, you will be asked to leave your details, which enables us to satisfy our legal requirements under the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017. This sounds ominous, but takes about 2 minutes.

When you proceed to payment, you will be shown the digital currency amount payable and the wallet address to send your digital currency to.

Once you have sent your digital currency to our payment gateway wallet, you will receive an email notifying you that your payment has been received. We then convert your digital currency to AUD and pay your BPAY bill on your behalf.

Are there any fees?

Yes. At checkout you will notice our 3% fee added to your bill amount. This is to help us manage the currency risk of a volatile digital currency market when converting to AUD for us to pay your bill. We use a third party payment gateway to enable the digital currency transaction. Our considerations when choosing a gateway was security, pricing (spread) and speed. You’ll note when at checkout (before proceeding to payment) that the price you receive on your digital currency is very competitive. Other digital currency BPAY facilitators charge up to 6% per transaction on the currency alone, which in our view is akin to highway robbery.

 

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