There are many virtual currencies today, but few have achieved popularity.
The most popular cryptocurrency today is Bitcoin, which has all the advantages and disadvantages of cryptocurrency.
The reasons for the growing popularity of BitCoin cryptocurrency are:
- The ability to exchange bitcoins for regular money;
- The anonymity, decentralization, and security.
As a result of these reasons, interest in Bitcoin is increasing, and with it, the rate of virtual money and capitalization. Bitcoin is currently the most popular and well-known cryptocurrency, with the largest capitalization of $3.2 billion.
Note that bitcoin is not the only cryptocurrency. In addition to it, there are LightCoin, Pircoin, Neumcoin, and other types of virtual money. Many of them are based on the existing Bitcoin, so they are unlikely to reach its level.
How to use cryptocurrencies?
Cryptocurrency can be stored in your cryptocurrency wallets, it can be used – sold to those who do not have mining capabilities, it can be spent on those services that provide for payment in bitcoins.
Which outlets that accept bitcoins include online shops that sell mining equipment or gaming portals that provide fast earning and fast withdrawals. There are also regular shops and online services that accept bitcoins.
Cryptocurrency protection measures
Bitcoin’s indirect anonymity has misled many users. With a basic knowledge of blockchain technology, any user can track transfer data, find out their current balance and see where funds are stored and how they are withdrawn. This leaves users vulnerable to fraudsters.
For this reason, Bitcoin Mixers, a service designed to “cover the tracks” of transactions, have been developed. One of the most reliable bitcoin mixers is BitMix https://bitmix.biz/en. It is a completely anonymous service for instant bitcoin mixing. The service does not collect or store any personal information and transaction data is completely deleted once the user receives clean coins.
The minimum amount accepted for mixing is 0.05 BTC, the maximum is 1000 BTC. The service charges a fee of 0.4 to 4%, which you can manually set during the mixing process.