Preparing for a crypto future
By Luke Flowers – Cryptocurrency Broker
Throw out a survey asking people whether they trust their government or the financial system, many would say no, they do not trust any of it. This is primarily because the financial systems are run by a handful of individuals. These few people are the only ones profiting from it, while most of us experience the consequences of a damaged system.
Due to this trust many have been crypto buying and decentralized systems could be up and coming. The trust we keep in these systems resides in code, and it is open-sourced and available for all. The first step is to develop faith in the future of cryptocurrency to encourage more people to buy crypto. Once you are done with that stage, the next step is to get rid of the "get rich quick" idea. This way, you will be in an excellent position to reap the benefits out of crypto.
The main problem with fiat currency is that if you are investing in it, it is like putting your hard-earned money on the government that has issued it. You are betting on the faith and creditability of your government. Just imagine what would happen if your government’s credit rating falls? What if your government has borrowed a lot more than they can pay? What if inflation strikes up, all negatively impacting the value of the currency you hold.
The cryptocurrency is built on a decentralized system so that it is effective and secure whilst not under the control of an entity. No government or corporation will actively decrease its value and this volatility makes it crypto attractive to traders who want to buy and sell crypto to generate a profit.
In the end, you should keep in mind that cryptocurrencies are code on a system accessible by anyone. Yes, the decentralized system of digital currencies is of great value and its advantages exceed those of fiat, but you still need to make sure you are buying from a trusted Bitcoin broker.
Head on over to our platform to Buy Bitcoin UK from a trusted source.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards