What Crypto is Best? – Part 3
By Luke Flowers – Cryptocurrency Dealer
With crypto buying dramatically increasing, the focus still tends to be on Bitcoin. We look at the surface of some of the features and purposes of some other digital currencies that have entered the scene:
Litecoin
Litecoin is a cryptocurrency that was developed from the idea of Bitcoin which have a lot of similarities. The developers’ intentions were to create a coin that could be used commercially. Litecoin has been referred to as digital silver by the crypto community with Bitcoin as digital gold. One of the key differences is the amount of coins. Bitcoin can never top 21 million, whereas Litecoin can offer 84 million coins in total supply. The advantages to buying Litecoin is it can have a smaller cost with a speedier transaction confirmation time. It uses an algorithm called Scrypt which is more accessible for users that want to play a role in mining.
Tether
The first and most popular Stablecoin, Tether, mirrors the value of a fiat currency by holding enough reserves to back the supply. With the temperamental markets to buy and sell cryptocurrency, having a Stablecoin could help investors trade with more control. It is currently tied to the US dollar with plans to investigate other fiat currencies in the future. Tether uses a proof of reserves protocol and isn’t mined. If you prefer a Stablecoin you can buy Tether by clicking here.
Cardano
Cardano is offering is the Ada cryptocurrency. It says it’s the first blockchain project to be developed from a scientific philosophy, built by a global team of academics and engineers. It aims to offer scalability utilising layer-based architecture using smart contracts developed with a balance to regulation. Cardano’s vision is to provide a new style of regulated computing to open access for all to a fair financial service. You can buy Cardano at our platform along with other options to buy altcoins.
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