In that case, you are just like the vast majority of other e-currency traders. It doesn’t matter if you are a novice, or an experienced old hand. The problem faces us all: how to find the best rates, without spending the whole trading day looking for them?
The good news is that there is a fast and user-friendly service available that solves the whole challenge. Simply visit us at www.BestChange.com We have been tracking movements within the e-currency market ever since 2007. Several million users have benefitted from our up-to-date monitoring to find the best rate for their exchanges during that time.
It is very easy to benefit from BestChange.com. This is what you do:
1. Select the e-currency you wish to exchange in the left-hand column
2. Select the e-currency you wish to exchange into in the right-hand column
3. You will immediately see the available, current exchange rate from top exchangers
4. Choose the best rate for you
The entire process only takes a few seconds. Obviously, this enables you to find the most profitable rate without costing any time at all.
But BestChange.com offers other benefits too. It is important to note that you can find much more information than simply get quotes for currency pairs. You also find helpful articles, and in-depth reviews covering leading online e-currency exchangers. It can be a lot to learn by taking the time to check them out. You can also rest assured that care has been taken to vet all the exchange services we include on our list. This helps reduce your risk, and increases the degree of security you can trade with.
If any further guidance is required, just get in touch. Our team of experts will be happy to answer your questions. With more than 10 years of hands-on experience, we should be able to help.
Furthermore, it goes without saying that you can use BestChange.com in order to attain the latest market data also. The site is intended to be a great way for e-currency traders to keep their finger on the pulse.
But let’s sort out, can bitcoin be really used for money laundering?
I think there is no need to explain what money laundering is about – it is done to give criminal money legal status and to “cover the tracks”.
Cryptocurrency sphere with its decentralization, anonymity and almost instant transactions may seem to have become the favorite place for all kinds of financial fraudsters. But there are a few problems with that.
1. Volatility of most cryptocurrencies Although for traders constant price surges serve as a great opportunity to profit, for people using digital currencies as a medium, a fall by 10-20 per cent can be a very serious risk.
2. Difficulty of converting cryptocurrencies into fiat currencies. More and more often the exchangers and exchange markets follow the principles of KYC, CFT and AML. Cryptocurrencies still have a half-legal status in most countries. If a considerable amount of money is transferred into cryptocurrencies, after all the stages of laundering, these cryptocurrencies will need to be transferred back into cash money. That’s how, ironically, half-legal status of cryptocurrencies protects them from criminal activity.
3. The majority of digital currencies are not at all anonymous. All transactions made in blockchain are reflected in a public ledger, where everybody can track from which account the transaction was made, how much money was transferred, and by which account it was received. No, these accounts are not connected to names and surnames, but these are easily trackable by IP. There is a limited number of currencies the main task of which is totally anonymity of transactions (Monero, Zcash, Verge and others). But the result of this anonymity is, as a rule, longer time of transaction and its higher price, and difficulty of conversion due to lower liquidity.
It cannot be absolutely excluded that bitcoin might be used in illegal deals, as any currency in the world, in cash or in a cashless way. But incredibly much more often it is the cash, in particular, dollars, which is used when financing terrorism of laundering money, but the very thought of banning cash sounds absurd.
Notwithstanding all the novelty that comes with cryptocurrencies, the most anonymous and safe way of transaction is giving money from hand to hand. That is why the majority of illegal deals are done with the use of cash. As before, using cash remains more anonymous and complicated for tracking than most of cryptocurrencies.
And what do you think? Do you believe that cryptocurrency is only good for illegal deals?
Before money people used bartered goods as payment; for example, animal hides and teeth. Livestock was the most valuable commodity. Shells were also used; snail shells were very popular in China. Other goods used for payment were tools, beads, salt, crops, weapons and tobacco.
The first standardized coins were created in what is now western Turkey by King Alyattes around 7th century B.C. They were made of electrum, a naturally occurring amalgam of gold and silver. In Rome, coins were minted near the temple of the goddess Juno Moneta, which gave us the words "mint" and "money". Offa, an Anglo-Saxon king, introduced the first English coin known as the penny around 790 A.D. Because of a copper shortage, China introduced the world’s first paper money in the 9th century - 700 years before Europe did so. In the 1500s the St. Joachimsthal mine in what is now the Czech Republic introduced large silver coins called thaler. The Spanish version of the thaler became the first worldwide currency. The English called it the dollar, and the U.S. dollar was based on it.
Modern Money. The first U.S. government-backed paper bills were introduced during the Civil War. The term "greenback" comes from the intricate designs on these bills, meant to prevent counterfeiting. The largest bill in history was the 1946 Hungarian 100 million Pengo; the name was spelled out on the bills since so many zeroes couldn’t fit on the banknote, but it was only worth $0.25! The $100,000 1934 Gold Certificate was the largest bill ever made in the U.S. It was used for Federal Reserve transactions and not released to the public. The largest coin ever minted was in Australia in 2011 weighs about a ton. A U.S. nickel weighs just 5 grams—roughly as much as a hummingbird. As of 2018, there are 180 different currencies used around the world.
Bitcoin, invented in 2009 by the pseudonymous Satoshi Nakamoto, became the gold standard--so to speak--for virtual currencies. Virtual currencies have no physical coinage. The appeal of virtual currency is it offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies.
Despite many advances, money still has a very real and permanent effect on how we do business today.
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