CoinMx Review – Buy Bitcoins with a Credit Card or Cash!

July 2015 update: Coin.MX has suspended its business due to charges brought against the owners. CoinMX is one of the leading Bitcoin exchanges allowing you to purchase Bitcoins with a credit card today. I’ve heard a lot about it and decided to finally try it for myself. This review will describe my personal experience with the exchange as well as different opinions of other CoinMX customers I’ve managed to gather from the web. CoinMX is an american based Bitcoin exchange based in Dallas Texas. It was established in early 2013 and has been accepting customers worldwide since. The first thing I’ve noticed is that other than a physical location there are no individuals shown on the website who actually run the site. This always sets off an alarm for me as many of the scams I’ve encountered have this characteristic. However I’m not going to eliminate an exchange based on that alone. Verification is a bitch, but things go smoothly after.. Once you create an account on CoinMX you’ll need to verify your identity. Unlike other exchanges CoinMX asks you to shoot a video of yourself holding a government issued ID (e.g. passport). This was a pretty awkward moment in my life as I’ve never been requested to shoot a video for verification but I complied. It took about 2 days to get verified but I believe that if you email them right after submitting the video you can get it done in less than 12 hours. Once I got verified things went pretty smooth. Deposits were timely and withdrawals of Bitcoins were instant. I remind you NEVER to leave Bitcoins lying...

EXMO : Secure Trading Operations with Cryptocurrency

Here at Digital Bitcoin we recently partnered up with bitcoin exchange Exmo. As usual, we will offer up a quick review of the company’s services. And introduce you to some of the highlights of Exmo offerings. EXMO Overview Founded in 2013. EXMO is 2 years old and has grown to become a well-respected organization in the bitcoin exchange. The things that sets this company aside from other exchanges in the space is the scale of its team. The company’s programmers and developers are from Spain, Russia, India and Thailand. while its financial advisers are from England, USA, Lithuania and Singapore. A quick look at the company’s website reveals a team of 20 full-time staff. Something rarely seen in the bitcoin startup space. Exmo is headquartered in Barcelona, Spain. But it’s well qualified team is available 24/7 to maintain the fluidity of the companies offerings. EXMO Platform Exmo offers an intuitive, easy-to-use platform. Through which clients can interact into two primary modes. A secure wallet which includes exchange and 3 factor security. And soon you will also be able to make purchases. Deposits and withdrawals are available through a wide range of methods. Including, Okay Pay, MasterCard, Visa and now with PayPal . The second part is trade, where clients can trade a range of crypto currencies. To take advantage of intraday volatility in the space. EXMO platform is intuitive. Offers charts and real-time quotes into current buy and sell orders. As well as a live chat facility with other members of the Exmo community. What sets the company apart? As listed on the website, Exmo has a range of advantages that sets it apart from the competition. First, deposits and...

Cryptothrift : Bitcoin and Litecoin Marketplace and Auction Site

Cryptothrift offer Bitcoin and Litecoin marketplace and auction site with automated secured escrow service offering buyer and seller protection for up to 30 days. CryptoThrift is an Australian registered Bitcoin and Litecoin marketplace and auction site. They are currently the number one  marketplace and auction site accepting Bitcoin in the world. They offer a safe and secure platform for sellers to list their items for sale FREE of charge and for buyers to bid and buy those items while taking advantage of our 30 days buyer protection and in-house automated escrow service. CryptoThrift.com is owned and operated by two Sydney based developers who run the site whilst holding down other full-time jobs and raising kids!  As such they rely heavily on our great community of users to help us out as much as they can, moderating the site and reporting users. They’re always looking for more help, so if you are interested in becoming a moderator, please let us know.  Despite our small team, they pride themselves on providing great customer support. Thanks to the help and support of the community CryptoThrift has achieved steady growth since its launch in September 2013.  In February 2015 we reached a milestone of 25,000 users and are regularly topping their record sales figures.  Not bad for a business that has never received investment funding! CryptoThrift is still a young project, with many more features planned over the coming years. My intention is to release a new set of updates and features every quarter,  and when they do they will email their users to keep you all informed. CryptoThrift There are few point which they’d like to shed some light on...

BTC Robot – is it a scam ? Real results from Bitcointalk Users…

BTC Robot Review Summary Pros: BTC Robot Easy to setup, lots of tutorials, support available. Cons: BTC Robot Doesn’t seem to act as described at all. Didn’t manage to get it to work on the Silver Plan. Conclusion: No, BTC Robot is not a scam, but I believe that it’s not as accurate as described on the BTC Robot sales page. Personally, I didn’t manage to make a profit out of it but I’ve used it for 2 weeks only. The good thing is that the 60 day money back guarantee makes it a no brainier for someone who wants to try it out any way and decide for himself. For more information about BTC Robot. Full BTC Robot Review Let me start right off the bat here by saying this is not another “look how great my profits are with BTC Robot”. This review aims to bring real live research to conclude once and for all if purchasing BTC Robot is worth your money or not. I’ve been into Bitcoin for almost a year now and just recently got my hand on BTC Robot and this was only after some INTENSIVE market research. My guess is that if you’re on this page you probably are looking into researching it as well, so hopefully I can save you some time. This review is not based on my personal experience only Instead of just trading with BTC Robot and then giving you my personal opinion alone I integrated into this review as many online BTC robot reviews I could find online. I picked out the best ones (usually from Bitcointalk.org) and the worst ones (usually for people...

Litecoin Trading Volume Is on the Verge of Overtaking Bitcoin

The 24-hour Litecoin trading volume is edging close to overtaking that of Bitcoin, as traders and developers investigate alternatives to BTC’s backlog, while fears of a pump and dump rise. Following a 24-hour jump of 21.21%, Litecoin sits at only US$800,000 of trading volume away from overtaking Bitcoin as the most traded digital currency in July 9 trading. The volume has quadrupled in the last week to its current US$40M figure. On July 2, 24-hour trading volumes stood below US$10M. Speaking to CoinTelegraph, Litecoin founder Charlie Lee detailed some of the technical differences that may now be enticing distributed ledger-dependent companies to switch over to a more agile digital currency. Lee described in a previous interview how he tackled the issue of spam transactions for Litecoin, explaining: “The fix implemented in Litecoin is just to charge the sender a fee for each tiny output he creates. For example, in this specific attack, the sender is charged one fee for sending to 34 tiny outputs of 0.00001 BTC. With the fix, that fee would be 34 times as much. So it would cost the attacker a lot more to perform the spam attack. The concept is fairly simple: the sender should pay for each tiny output he/she creates.” You can read CoinTelegraph’s full interview with Charlie Lee, with further insight into the rise of Litecoin, here. One theory behind the spike in the volume of Litecoin trading is that companies dependent on Bitcoin as a distributed ledger are hedging against the current mining backlog affecting the digital currency, and are switching, or trialing, alternatives. Courtesy of cryptsy.com Users on /r/litecoin...