What Crypto Is Best? Part 1.
By Luke Flowers – Cryptocurrency Dealer
Buying Bitcoin and Ethereum tends to headline when it comes to investing in cryptocurrencies, with approximately 1,500 crypto-assets in circulation, each has a different design and functionality. Currencies that have come after Bitcoin are collectively named altcoins and attempt to be a modified or improved version. If you are looking to buy altcoins and want more from a digital currency, BC Bitcoin offer an extensive range for a coin that suits you.
Bitcoin
An innovative payment network and a new kind of money, it is the original and most widely used. For individuals it is one of the easiest ways to transact at a low cost. For businesses it’s a secure and inexpensive way to deal with payments with the ability to choose your own fees. Payments are irreversible, and the cost of fraud isn’t pushed to the merchant. Sending Bitcoin across borders is easy with no need for a bank and no international fees or limits. It is the largest cryptocurrency by market value and still popular in crypto buying.
XRP
Ripple’s XRP is a solution for banks and payment providers to modernise global payments. For international money transfers the infrastructure is dated and flawed. Ripple connects banks, payment providers and digital asset exchanges to provide one frictionless experience to send money globally in real time. It is unique as it doesn’t require mining like other altcoins which reduces the computing power. They plan to distribute XRP through business development deals and selling XRP to institutional buyers. It is the most tempting digital currency among the traditional financial sector.
Ethereum
Ethereum is an open-source, public, decentralised platform featuring smart contract capabilities. Its apps run on a custom-built blockchain programmed without any possibility of downtime, censorship, fraud or third-party interference. It enables developers to create a market, store registries of debts or promise, move funds according to instructions and much more without a middle man or counterparty risk. While Bitcoin is pitched at a digital currency, Ethereum is more focused on programmable money with smart contract applications. If a smart contract suits your business’ needs you can buy Ethereum with us here.
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