Category Archives: Blogs

How To Choose the Best Crypto Wallet?

How To Choose the Best Crypto Wallet?

To pick the best crypto wallet, you must see your priorities and needs and check user reviews, supported coins, and the general utility.

Yet, choosing the right crypto wallet can feel overwhelming with so many options. A staggering array of wallets have emerged, each promising top-notch security and convenience for your digital assets.

This blog will guide you through selecting a wallet that aligns with your needs, whether for everyday transactions or long-term investment safety. Let’s dive in to discover your perfect crypto companion.

What is a crypto wallet?

A crypto wallet is a digital tool that securely stores, sends, and receives cryptocurrencies. Two main types of wallets are hot wallets (connected to the internet) and cold wallets (offline).

Choosing the right one for your needs is essential to keep your assets safe. The crypto wallet stores the private keys you need to access your cryptocurrency. Think of it as a digital keychain that keeps your crypto safe and lets you send and receive coins or tokens.

There are two main types: hot wallets and cold wallets. Hot wallets connect to the internet, allowing easy access and transactions. But this also means they have more risk because hackers can attack through the internet connection.

Cold wallets don’t need the internet to work. They hold your private keys offline on hardware devices or paper, which makes them very secure from online threats. However, they could be quicker to use when you want to initiate a transaction.

Using a cold wallet is like keeping cash in a safe; it’s not handy for everyday spending but great for long-term storage. Choosing the right one might be your preference rather than what you see on YouTube or other platforms where influencers might affect decisions.

What Is the Importance of The Right Wallet?

Having the right crypto wallet means keeping your digital money safe. It would help if you had a place that guards against hackers and thieves who want to steal your cryptocurrency. Think of it as a high-tech vault for your Bitcoin, Litecoin, or any other digital currency you might have.

Your investments are worth protecting; choosing a good wallet is the first step.

Crypto wallets do more than store your coins; they also let you send and receive digital currencies. They also work with different blockchains, making managing various types of cryptocurrencies easy.

A top-notch wallet gives you peace of mind because it uses robust security measures like two-factor authentication (2FA) and multi-signature protection to keep cybercriminals out. Let’s show you the best crypto wallet options available in 2024 without further ado.

The Best Crypto Wallets Available on the Market in 2024

Finding the best crypto wallet might be challenging, but we will review the best ones here. Each wallet offers unique features and benefits for cryptocurrency users.

1. PlasBit

PlasBit stands out as one of the best crypto wallets in 2024 (if not the best crypto wallet), offering a gateway to unleash the full potential of top-notch cryptocurrency storage. With its secure enclave and multi-factor authentication, PlasBit ensures robust protection against vulnerabilities and hacking attempts, making it a trustworthy choice for safeguarding your digital assets. You can easily buy Bitcoin with a bank transfer or a card and store many other cryptos.

PlasBit’s user-friendly interface and seamless integration with platforms such as Google Chrome, Mozilla Firefox, and even mobile applications like Apple Pay and Android make managing their crypto holdings effortlessly convenient. It’s also regulated by the Polish government, which has several perks – like your funds, which are stored offline and insured. You can also use a crypto debit card to pay the bills, with negligible fees.

It’s arguably the best option for beginners, as it operates a crypto bank rather than a trading-first company. It is paramount for casual users who want to spend their crypto just as regular money.

2. MetaMask

MetaMask consistently stands out as one of the premier crypto wallets in 2024, distinguished by its extensive array of features that cater to the evolving needs of digital asset management. MetaMask is a pivotal gateway to decentralized finance (DeFi), providing users with the tools to utilize and fully expand their digital holdings’ potential.

This wallet is mainly celebrated for its seamless integration of secure storage solutions and efficient blockchain technology, ensuring users’ safe and streamlined experience.

Frequently featured in the top echelons of crypto wallet rankings, MetaMask wins many hearts with its combination of security and user-friendliness. It effectively simplifies the complexities of cryptocurrency management, making it accessible even to those who are new to the digital currency space. Its intuitive interface facilitates easy navigation and interaction with various blockchain applications and platforms.

3. Trust Wallet

Trust Wallet, with over 30 million monthly active users, is the top choice for serious traders. It’s non-custodial and considered the best mobile crypto wallet for beginners due to its user-friendly interface and broad support for digital assets.

Supporting over 70 blockchains and featuring a built-in Web3 browser, Trust Wallet offers easy access to dApps and blockchain games. Moreover, it supports popular Web3 networks such as Polygon, BNB Chain, and Avalanche.

Users can also participate in one-to-one crypto swaps and earn passive income on their crypto holdings directly through the Trust Wallet platform.

4. Coinbase Wallet

Coinbase Wallet, as of 2024, stands out as a premier choice for individuals looking to manage their cryptocurrencies securely. This wallet offers extensive support for a broad spectrum of cryptocurrencies, making it an ideal choice for those who engage in diverse crypto investments. A vital feature of the Coinbase Wallet is its robust security measures. These measures shield users’ digital assets from prevalent online threats such as malware and hacking exploits.

This level of security is especially vital for those who maintain a significant Bitcoin wallet balance, as it safeguards their investments against unauthorized access and potential cyber threats. Furthermore, the user-friendly interface.

5. Exodus

Exodus Wallet, known for its user-friendly design and round-the-clock human support, is one of the top hot wallets in the market. This versatile wallet offers support for multiple networks and has a built-in swap feature, making it a convenient choice for crypto holders.

Additionally, some comprehensive evaluations have given Exodus favorable star ratings, solidifying its position among leading cryptocurrency wallets.

The Exodus wallet also shines when paired with the Trezor hardware wallet for added security and offline storage of assets. With its intuitive interface and robust features, including 24/7 human support, this wallet stands out as a top choice alongside Trust Wallet and other prominent options.

6. Crypto.com

Crypto.com offers various crypto wallets, including the Crypto.com DeFi Wallet and other popular options like Coinledger and Guarda. Associated with some of the best crypto wallets on the market in 2024, it provides a range of choices to suit different preferences.

When choosing a crypto wallet, embracing the potential that Crypto.com offers can lead to finding a secure and reliable option, even if you don’t know who invented Bitcoin or other info for tech-savvy users.

7. Electrum

If you’re specifically looking for a desktop Bitcoin wallet, Electrum is the top choice. In 2024, it leads the market with its extensive security features, including customizability and a quick setup process.

Electrum is tailored exclusively for Bitcoin users. It boasts a light client that ensures swift transactions without compromising on security. This highly secure and customizable desktop wallet stands out due to its association with providing a fast and easy setup in addition to its robust security measures.

Electrum’s user interface, while more oriented towards the experienced user, provides all the necessary tools and information for effective Bitcoin management. Its straightforward design facilitates easy navigation and transaction execution, making it a go-to choice for those prioritizing efficiency and security in their Bitcoin transactions.

8. KeepKey

Moving on from Electrum, another top-tier crypto wallet to consider is KeepKey. With support for over 7,200 cryptocurrencies across 348 blockchain networks, KeepKey offers extensive coverage for various digital assets.

This hardware wallet ensures security through PIN protection and additional passphrase support, allowing users to create limitless wallet addresses on a single device. Notably, KeepKey’s immunity to traditional operating systems makes it impervious to viruses, malware, and keyloggers – providing peace of mind for crypto holders seeking robust security measures.

KeepKey stands out with its extensive cryptocurrency support and advanced security features like PIN protection and immunity to common online threats. With such capabilities, it caters well to modern-day crypto holders looking for reliability and comprehensive protection for their digital assets.

How To Choose a Crypto Wallet?

When choosing a crypto wallet, consider factors such as security, user reviews, community size, and the team behind the project. To learn more about how to choose the best crypto wallet for your needs, keep reading!

Security

Encrypt your crypto wallet with multi-factor authentication to enhance security. Regularly update and maintain security features to safeguard against new threats. Consider a hardware or offline storage option for added protection, especially if you hold a significant amount of cryptocurrency.

Incorporating these measures will help keep your crypto assets secure in the volatile industry.

History

Crypto wallets have evolved significantly since the early days of cryptocurrencies. Initially, they were basic software programs designed to store private keys and access digital assets.

As cryptocurrencies became popular, hardware wallets gained traction due to their enhanced security features. The introduction of mobile wallets further revolutionized accessibility, allowing users to manage their crypto holdings on the go.

Additionally, the advent of multi-signature wallets provided an extra layer of protection by requiring multiple private keys to access funds.

User Reviews

User reviews are valuable insights into the practical experiences of using different crypto wallets. They offer diverse perspectives, providing comprehensive views on each wallet option’s usability, security, and features.

Potential users can navigate the complexities of the crypto wallet landscape and make informed decisions based on these real-life experiences.

Reading user reviews can help you gain deeper insights into various crypto wallets, making choosing one that aligns with your specific needs and preferences easier. Now, let’s delve into the best available crypto wallets in 2024.

Community Size

When seeking the best crypto wallet, the community size is an essential factor. A larger community indicates wider usage and trust, providing more support and resources for users. For instance, a more extensive community means more frequent updates and enhanced security measures available for the crypto wallet.

Researching the community size and activity can help make an informed decision about which crypto wallet best suits individual needs. Engaging with the community provides valuable insights into the different strengths and weaknesses of various crypto wallets.

The Team Behind the Project

The team is deeply immersed in the dynamic world of cryptocurrency and is equipped with a comprehensive understanding of crypto wallets and the evolving landscape. Committed to enhancing user experience, they provide valuable insights for choosing the best crypto wallet.

With an unwavering dedication, they navigate the complexities of the market, empowering individuals to make informed decisions on their crypto journey. Harnessing their expertise, they push traditional boundaries and offer innovative solutions while embracing diverse wallet options.

Driven by a commitment to unlock the potential of cryptocurrency for users, this knowledgeable team offers a gateway to informed decision-making through their comprehensive guide on wallet selection.

How Much Does a Cold Wallet Cost?

Cold wallets typically cost between $60 and $200, which depends on the brands and features. For example, Trezor Model One costs $69 for the entry-level model and $219 for the Trezor Model T.



On the other hand, Ledger, the most popular cold wallet brand, provides various models for each customer. The entry-level model – Ledger Nano S Plus, is priced at $79, the top-of-the-line Ledger Stax comes at $279, and the mid-ranger Nano X costs $149.

Hot Wallets vs Cold Wallets – The Differences

Hot and cold wallets have many differences, so picking the best crypto wallet for your needs might be a subject of many topics. Let’s find out below.

Price

Cold wallets generally have a higher price tag due to their advanced security measures and offline storage capability. In contrast, hot wallets are often free or at a minimal cost.

However, it’s essential to note that some hot wallets may charge fees for various transactions and services they offer. For cold wallets, the cost is mainly attributed to the purchase of hardware devices, which contribute to their heightened price point.

Remember to consider the overall value provided by the wallet in terms of security features and ease of use rather than solely focusing on the initial cost.

Customer Support

Hot wallets typically offer more robust customer support, with options such as online chat, email assistance, and comprehensive FAQs available on their websites. This active online presence enables quick responses to queries and issues from users. And they can quickly turn Bitcoin into cash.

On the other hand, cold wallets often need more customer support channels than hot wallets due to their offline nature.

For crypto holders, considering the accessibility of customer support when choosing a wallet is crucial for getting timely assistance in case of any concerns or problems. The availability of responsive customer support options can significantly impact the overall user experience and security of their crypto assets.

Fund safety

When considering fund safety, it’s essential to prioritize security features in a crypto wallet. Look for wallets with robust encryption and multi-factor authentication to safeguard your digital assets from potential hacking attempts.

Cold wallets provide an added layer of protection by keeping your funds offline, making them less susceptible to cyber-attacks than hot wallets. Ensure the wallet you choose has a strong track record of security and a team dedicated to continuously improving safety measures, giving you peace of mind about the integrity of your investments.

Remember, the theft risk is significant when using hot wallets due to their internet connectivity, while cold wallets offer higher security levels for long-term storage. By prioritizing fund safety features such as encryption and offline storage, you can effectively minimize the risk of unauthorized access and protect your cryptocurrency holdings.

Liquidity

When considering a crypto wallet, it’s crucial to factor in the level of liquidity required. Hot wallets offer higher liquidity, providing easy and quick access to funds for frequent transactions.

On the other hand, cold wallets are less liquid, making them more suitable for storing assets rather than facilitating regular spending or trading. Understanding your liquidity needs is essential for selecting the best crypto wallet that aligns with your financial activities and preferences.

Hot wallets provide increased access to funds due to their higher liquidity levels, making them ideal for active traders and those who frequently engage in transactions. Conversely, cold wallets offer lower liquidity, which may be better suited for long-term asset storage and security.

Conclusion

In conclusion, choosing the best crypto wallet involves considering security, user reviews, and the team behind the project. Understanding the differences between hot and cold wallets is crucial for making an informed choice.

Always prioritize safety and accessibility to ensure your digital assets are secure. Now, let’s address some frequently asked questions about crypto wallets.

BC.GAME Honored with the “Best Casino Operator 2023” Award from SiGMA

bcgamesb2c
bcgamesb2c

BC.GAME Honored with the “Best Casino Operator 2023” Award from SiGMA

Malta, November 15, 2023 – BC.GAME, a leading innovator in online gambling, proudly announces its recognition with the prestigious Best Casino Operator 2023 award by SiGMA. This esteemed accolade, presented at the SiGMA Europe 2023 event, marks BC.GAME’s distinguished standing among the world’s top online casinos. The award celebrates BC.GAME’s commitment to excellence in providing engaging and responsible gaming experiences. 

The Best Casino Operator 2023 award by SiGMA is a respected honor within the online gambling industry, recognizing operators that exhibit unparalleled innovation, customer service, and operational excellence. It is bestowed upon a casino that consistently redefines the boundaries of online gaming, setting new standards for the industry. BC.GAME’s triumph in securing this coveted prize underscores its position as a frontrunner in shaping the future of online gaming. 

Steven, the Co-founder of BC.GAME, expressed his gratitude for this achievement, stating, “Receiving the Best Casino Operator 2023 award from SiGMA is a great honor for us. This award is an affirmation of the efforts BC.GAME has made in delivering exceptional services, and it certainly motivates us to enhance our service to players further.” 

BC.GAME’s exceptional standing in the competitive online gambling landscape is attributed to its unwavering commitment to innovation and technological advancement. The platform’s seamless integration of blockchain technology has revolutionized the gaming experience, fostering enhanced security and transparency while upholding the highest industry standards. This relentless pursuit of excellence has propelled BC.GAME to the forefront of the industry. 

About BC.GAME 

BC.GAME stands as an epitome of innovation and excellence in the online gambling domain. Driven by a passion for providing innovative solutions, BC.GAME cultivates a secure, fair, and professional service environment for its players. 

Embracing cutting-edge blockchain technology, BC.GAME ensures the pinnacle of security and fairness for its users, setting a new benchmark for the industry. 

With this prestigious award under its belt, BC.GAME is poised to continue revolutionizing the online gaming landscape, setting new standards for innovation, responsible gaming, and player satisfaction. As BC.GAME embarks on its next chapter of growth, it remains unwavering in its dedication to providing unparalleled gaming experiences for its global community of players.

 

Stay up to date with BC.GAME by following them on Twitter, Telegram, Facebook, and LinkedIn.

How is cryptocurrency changing today’s market?

How is cryptocurrency changing today's market?
How is cryptocurrency changing today's market?

How is cryptocurrency changing today’s market?

 

In recent years, cryptocurrency has been making waves in finance platforms. Bitcoin became its forefront face as it skyrocketed into the mainstream. When cryptocurrencies appeared on the market, many were skeptical about it. No wonder how ideal the innovation crypto offers on the table.

 

Among the questions people asked is about the lack of regulation in the cryptocurrency market. Then there are many speculations about the crypto space being too open. Some viewed them as nothing more than a passing fad or a speculative bubble waiting to burst.

 

But crypto features are simply a digital currency. Crypto uses encryption codes to secure and verify transactions in the financial space. It flows in the decentralised blockchain technology. Where anyone can access it as a public ledger. You can keep track of every transaction all at once in the blockchain.

 

One reason for its traction is that it enables quick and secure transactions. Since it is coded with encryption, it is hard for anyone to tamper and change the details of each transaction. And many appreciate it with today’s fast-paced digital industry where hacking at the same time becomes more advanced.

 

 Basically, the function of crypto in the market is to provide an alternative form of payment. Where there is a currency that flows in digital banking with more security.

 

While some individuals may remain skeptical of the technology, it is evident that cryptocurrencies are here to stay. And it poises itself to play an important role in the market. So, let’s delve more into how it took the finance space by storm.

Decentralisation

One of the key factors driving its success is its decentralisation feature. Unlike traditional currencies that are centralised and controlled by governments, the cryptocurrency market operates without any censorship from these financial institutions.

 

Decentralised network removes any central authority controlling the system. Instead, many users collaborate to keep the system running. It supports where users function with a peer-to-peer review to validate each transaction. And it creates a more engaged space in which people appreciate the sense of belonging in a community.

Security

On the other hand, traditional currencies rely on centralised authorities. They depend on banks to validate transactions. In cryptocurrency vs. stock market, crypto uses cryptographic protocols to maintain security. This makes them secure and resistant to hacking efforts. This is one of the reasons why many people prefer them over traditional currencies.

 

Blockchain can track down transactions seamlessly. And it can reflect it in real time as a reference for any validated transactions in the market. In that way, many can avoid transacting with any fraudulent activities.

Less hassle

The cross-platform features of crypto led the financial market with seamless transactions. Transferring money from other banks and across borders is a time-consuming operation. It even costs high transaction fees and long processing delays. But with cryptocurrencies, you may send and receive payments immediately. And with a fraction of the cost! Since crypto runs independently from financial institutions, the cost from intermediaries does not cost that much.

 

Crypto challenges the market with its innovative features. It supports for the market to heap from traditional finance methods to more digital ones. And crypto, with its security, decentralised market, and seamless transaction, the market is eyeing for it to say longer. For more crypto news, check out the Crypto Club Site

​​Brazilian Footballer David Luiz is Now the Brand Ambassador for BC.GAME

​​Brazilian Footballer David Luiz is Now the Brand Ambassador for BC.GAME
​​Brazilian Footballer David Luiz is Now the Brand Ambassador for BC.GAME

Brazilian Footballer David Luiz is Now the Brand Ambassador for BC.GAME

BC.GAME has announced that David Luiz, a Brazilian professional football player of the Flamengo team, has become its official brand ambassador. As the crypto casino’s brand ambassador, Luiz will consistently collaborate with BC.GAME to help promote the casino platform and engage with its community through social media and live-streaming platforms. 

David Luiz as a Brand Ambassador for BC.GAME

David Luiz’s association with BC.GAME will not only help the crypto casino gain more exposure. As a BC.GAME ambassador and one of Brazil’s most prominent football players, he can connect the Brazilian football community with the crypto casino platform and grow the brand’s player base in Brazil. 

David will primarily engage and connect with the crypto casino community through social media activities. He will also be connecting with many players and fans through Twitch, an interactive streaming platform made for gaming and entertainment. 

David shared, “I’m very very happy to be partnering with BC.GAME and very excited for the collaboration coming soon.” 

BC.GAME’s Opportunity For Growth

Brazil has seen a rise in the number of players participating in online casinos, with many opting to play at crypto casinos for their excellent accessibility and offered security. BC.GAME has also recently included sports betting in its gaming portfolio, which also happens to be one of the most popular forms of gambling games in Brazil. 

The partnership is an excellent opportunity for BC.GAME to penetrate the Brazilian market and reach more audiences as it expands. With BC.GAME’s entry into the Brazilian casino and sports betting scene, Brazilian football fans and sports betting enthusiasts will have more opportunities to participate in virtual sports and casino events. This includes welcoming grander sports betting opportunities for highly-anticipated sports events like the 2022 FIFA World Cup. 

Coco, the emblem of BC.GAME, said, “Brazil has dominated 2022 in regards to tech innovation and regulatory framework for cryptocurrencies and iGaming. BC.GAME has proudly contributed to this since the doors first opened. We are very pleased to be moving into 2023 with this announcement of our partnership with David Luiz. Our combined efforts will help to maintain this trend, with Brazil at the focal point for tech advancements and crypto mass adoption. The world is watching.”

About David Luiz

David Luiz Marinho, also known professionally as David Luiz, is a professional football player from Diadema, Brazil. He is part of the Flamengo Rowing Club, a Brazilian sports club headquartered in Rio de Janeiro. Although Luiz mainly plays as a center-back, he’s also known for taking on other roles, such as a defensive midfielder or full-back. 

In the 2009 – 2010 season, David was named the LPFP Primeira Liga Player of the Year. He was hailed as the FIFA Club World Cup Silver Ball winner in 2012. He has also earned two FA cups (2011 – 2012 and 2017 – 2018) and holds one FIFA Confederations cup title. 

About BC.GAME

BC.GAME is a licensed online crypto casino platform that offers a wide variety of casino games, live casinos, and sports betting events. Besides integrating cryptocurrency and blockchain technology in its platforms, the crypto casino is also one of the first casinos to support lightning networks, Binance Smart Chain, Arbitrum, and other Layer 2 solutions,  further revolutionizing the casino industry and the world of blockchain. 

This year, BC.GAME has received the “Crypto Casino Of The Year” title from the 2022 Sigma Awards. It also formed partnerships with the Argentine Football Association (AFA) and Cloud9

Types of cryptocurrency scams

Types of cryptocurrency scams
Types of cryptocurrency scams

 Types of cryptocurrency scams

Cryptocurrencies are currencies that are available digitally. Cryptocurrencies are widely connected through many computers in a shared network. The government has no involvement in the management of Cryptocurrency transactions. Cryptography is the technique used by cryptocurrencies that helps them to manage cryptocurrency transactions. 

 

Why are people becoming victims of cryptocurrency scams?

People are becoming victims of crypto scams as scammers are utilizing various tactics to cheat cryptocurrency users and steal their digital money. The cryptocurrency scammers are smartly convincing their audience to invest in their so-called fantastic cryptocurrency investment offers. Once they get them to invest through them, The crypto scammers then disappear along with the money they receive from their crypto users. 

 

Reasons why people are still choosing Cryptocurrency trading?

Cryptocurrency users enjoy several below-mentioned benefits of using cryptocurrencies. 

  1.  Banks and other government bodies do not manage cryptocurrency transactions. If a person possesses cryptocurrencies, then they own those cryptos and operate their own transactions. 
  2. Another advantage is that Cryptocurrency transactions take place within a few minutes, but a wired money transfer may occur within twenty-four hours. 
  3. The transaction costs in the case of cryptocurrencies include little to no charges. 
  4. In the case of international crypto transactions, the blockchain network processes the transaction, and it does so within a fraction of a second. With this, we can easily note the point that Crypto transactions happen quickly and that too within seconds. There are no geographical barriers in the case of sending and receiving cryptocurrencies. People can send cryptos from any location and to anybody. 
  5. Cryptocurrency wallets keep the cryptocurrencies safe, and you can manage the cryptos with the help of your phone or a computer.
  6. Cryptocurrencies are advantageous for those who don’t have traditional bank accounts. They can manage crypto transactions from any location, without any hassles.
  7. There is no such requirement where cryptocurrency users need to provide personal information for the execution of cryptocurrency transactions, unlike the requirements laid out by central banks. Instead, the transactions can occur anonymously. 

 

How do cryptocurrencies function?

Let us understand how Cryptocurrencies function with the help of these below-mentioned pointers;

  1. Digital currencies are sent from one crypto user to another with the usage of a virtual or crypto wallet.
  2. For using the wallet, every user needs a private key. Without the private key, the cryptocurrency user cannot access their crypto wallet. 
  3. The crypto transactions are recorded in the public ledger. It is because of blockchain technology that counterfeiting cryptocurrencies seem impossible. 
  4. The data relating to cryptocurrency transactions are shared globally for verification purposes.
  5. In Cryptocurrency trading, when a public ledger records the transactions, the details related to the transactions won’t be revealed and therefore the Crypto trader will remain anonymous. 
  6. When you purchase a cryptocurrency, you also own a private key. With this private key, the transactions automatically get authorized on the blockchain network so that spending funds can be convenient and more manageable. 

 

Categories of crypto scams:

Below are the various categories of crypto scams. 

Blackmailing or extortion cryptocurrency fraud:

In blackmail fraud, the crypto scammer contacts the victim through email or call and mentions that there is some sensitive information about the victim, such as photos, videos, etc. The scammer blackmails that if the victim wants the data to be safe then they have to pay some money in the form of cryptocurrencies. If the victim does not make a payment in cryptocurrency, then the information will be released. The victim sends their cryptocurrency to the scammer. After receiving the crypto, the scammer just vanishes. 

 

For example, A gets an email from a person telling him that this person has his sensitive videos. Then this scammer starts to blackmail A and asks for a cryptocurrency payment; otherwise, they give an ultimatum that his videos will be released. A sends his Cryptos to the person because of his concern about the release of his videos. However, after some time, A realizes that he has lost his crypto and that person was a fraudster. 

 

Cryptocurrency investment fraud:

In cryptocurrency investment fraud, the fraudsters pretend to be the investment managers, managing cryptocurrency investments for their users. They contact potential traders about a so-called cryptocurrency investment opportunity and then promise that they will get a massive return on their investment. In reality, no such cryptocurrency investment opportunity exists, and it is a strategy used by scammers to trick crypto users into investing through them. 

 

Phishing fraud:

In this type of scam, you may get an email from someone asking you to click on a link. The link then leads you to a phony cryptocurrency website that requests you to provide your cryptocurrency login credentials. As soon as you enter the login credentials to your cryptocurrency account, it is accessed by fraudsters, and they steal your cryptos. 

 

Social media crypto scams:

Cryptocurrency users come across plenty of crypto investment offers on social media, some of which may seem too good to be true. In those offers, they may ask the crypto users to invest their money to get more investment returns. It may sound awesome, but in reality, those crypto investment offers are fake. 

 

Fake apps:

In this scam, Scammers create several fake cryptocurrency apps to get people to download them and get hold of their data. However, these fake cryptocurrency apps may look attractive, making people download, use, and directly send their money to these scammers.

 

What are some indications of a cryptocurrency scam?

Plenty of crypto scam indications are helpful to crypto users in protecting themselves from crypto scams. 

  • It is essential to avoid any crypto investment offer that sounds too convincing or tempting.
  • Don’t respond to the calls regarding crypto-investment offers that guarantee you more returns. 
  • Please do not respond to threatening emails asking you to send cryptocurrencies to keep your so-called personal information safe. 
  • Never respond to social media posts or advertisements that specify cryptocurrency investments. It is a possibility that they are fake.
  • It is not a genuine offer if you come across a celebrity promoting crypto investment offers. Please bear in mind that celebrities do not encourage cryptocurrency investment offers. 

Conclusion:

People who invest money in cryptocurrencies must know the warning signs of crypto scams to protect their cryptos. In addition, it is also a good idea to know about crypto scams. 

 

Join Coco’s Carnival Now and Win Up To $2,100,000 or a TESLA

Carnival bcc
Carnival bcc

Join Coco’s Carnival Now and Win Up To $2,100,000 or a TESLA

The World Cup fever starts to hype up in Qatar. As one of the sporting industry’s most anticipated major football leagues, fans are excited about the intense competition among the participating teams. This year, the World Cup will have 64 intense matches in different cities in Qatar, the first country in the Middle East to host such an event. 

The World Cup becomes more intense with the addition of BC.GAME. The Argentine Football Association recognizes the crypto casino platform as its crypto casino sponsor. BC.GAME is set to support the Argentine national team in its upcoming games. Due to this, the crypto-gambling platform will be able to reach wider audiences all over the world — the partnership between BC.GAME and AFA will provide football punters with an exciting experience of the 2022 Fifa World Cup.BC.GAME is offering promotions to its players throughout this year’s World Cup. Here are the promotions where BC.GAME offers players a chance to win up to $2,100,000 or a Tesla. Coco’s Carnival is a separate page created by BC.GAME for World Cup fans and sports bettors.

worldcup-bcc1

World Cup All-Winner Predictions

BC.GAME offers a $100,000 prize pool for those who submit their World Cup predictions before November 26, 2022. Sports bettors are to place their predictions on the winners of each group. From the winners of the knockout rounds, players will predict who will be this year’s world champion. 

Players with VIP 4 and above are eligible to join this promotion. They are welcome to participate for free and must submit their predictions by November 26, 2022, at 00:00 UTC. The prediction platform will automatically close on the specified deadline. Any submissions made beyond the deadline will be considered ineligible. 

To win a share of the prize pool, the predictions made by a player must be accurate. If more than one player makes the same prediction, the prize pool will be divided equally. Only one player per household is allowed to join the game. As part of BC.GAME’s policy, multiple claims or players with combo bets will be disqualified from the promotion. 

Upcoming World Cup Promotions from BC.GAME

BC.GAME will release the details of the other two promotions soon, offering a $2,100,000 prize pool and a Tesla. Players can access the game details for $2,100,000 from November 20, 2022, until December 19, 2022. Players interested in joining Coco’s Tesla Giveaway may access the promotion’s details from November 20, 2022, until December 10, 2022. 

coco tesla giveaway

AFA and BC.GAME Partnership

The global partnership agreement of these big names will open a way for crypto-casino gamers and football fans to enjoy both the benefits of cryptocurrency and the excitement of football matches. Both brands are committed to providing revenues on both ends. 

The partnership will focus not only on the World Cup but also on the upcoming leagues in which AFA is participating. AFA and BC.GAME are seeking engagements with Argentine team members and crypto casino players.

According to AFA, their partnership with the winner of the 2022 Crypto Casino of The Year award is an opportunity for fans and players to embrace the emerging technology of the blockchain industry. With the help of BC.GAME, AFA will be able to create digital products as their other source of income. 

About BC.GAME

BC.GAME is a crypto gambling platform that offers various online casino games, live casinos, and sports betting opportunities. The platform has been around for 5 years and holds a Curacao license for operation. With its integration of cryptocurrency and blockchain technology, players will have access to the benefits provided by both technologies. 

The crypto-gambling platform is not only accessible on a computer. Players who wish to bet can also access it through their smartphone’s mobile browser since the site’s interface is compatible with mobile phones. 

Now that the website has been redesigned, it offers more features that should be enjoyed by all its players. Sports betting is now included in its gaming portfolio. People who wish to bet on major leagues, especially the upcoming World Cup, are offered different promotions and bonuses. The platform is also open to receiving fiat currencies aside from the cryptocurrencies it currently supports.

Custodial vs Non-custodial wallets

Custodial vs Non-custodial wallets blog
Custodial vs Non-custodial wallets blog

Custodial vs Non-custodial wallets

Posted on January 13 2021 – By Yada Wallets Team

Last updated on 10 December 2021

When it comes to storing your cryptocurrencies we often hear the terms Custodial and Non-custodial. In this blog, I will explain to you what both mean in simple terms and have a look at why people choose a custodial or a non-custodial wallet.

Custodial Wallets

To understand what a custodial wallet is we first must understand how a cryptocurrency is stored, or rather how to access them. To access someone’s funds on a blockchain network, like for example Bitcoin there is only one way, and that is by being in possession of the private key. The private key is like a big password that shows the network that you are the owner of the funds allocated to the public key that can be generated from that private key.

More simply put, having access to the private key means having access to the funds. When a wallet is classified as a custodial wallet this means that they store and protect the private key for you in a similar way that a bank holds on to your money when you store it with them.

Non-Custodial wallets

A Non-Custodial wallet is basically the opposite of a custodial wallet, meaning that whereas with a custodial wallet the company behind that wallet has access to your funds, with a Non-Custodial wallet only you have access to the private key and thus the funds. A Non-Custodial wallet is comparable to having cash paper money in your wallet and/or safe.

Custodial Pros and cons

Although custodial wallets are not very popular in crypto culture, they do serve a purpose and can be very useful, especially for newcomers. Here are some of the Pros and cons of using a custodial wallet.

Pros

Crypto bank
  • Because Custodial wallets are in possession of the private keys and thus your funds it leaves you with some ease as you do not have to worry about keeping them safe yourself. Similar to keeping your money with the bank so you are not being bothered to protect it.
Cheap(er) transactions.
  • You usually have to pay a fee when making a transaction on a blockchain network. However, the easy thing with custodial wallets is that you can usually send funds to someone else how is with the same custodial without paying a fee as the transaction is not recorded and stored on the blockchain.
User interface
  • As you do not have to directly store and safeguard the keys yourself. the custodial can make the interface much more user-friendly and less technical. This can be practical for beginners that do not understand how the whole ecosystem works.

Cons

No direct ownership
  • Meaning that if a custodial got hacked or goes bankrupt, your fund probably goes down with the custodial. Depending on the insurance the custodial has and if it can still continue to operate.
Identification
  • As with a bank, you will have to go through a KYC process to identify yourself. This is demanded by law in most countries and gives you less privacy.
Restriction
  • Because of the fact that the custodian controls your fund and knows exactly who you are. Governments and/or the custodial can cease your funds or refuse service to you for whatever reason they find legit. In countries where there is a lot of inflation, this happens a lot as the governments of these countries usually do not what you to abandon their hyper-inflated currency.

 

Non-Custodial Pros and cons

Pros

100% Ownership
  • You are the only one who has access to the fund with a Non-custodial wallet. Making you 100% in control of the funds giving you the freedom to spend whenever, wherever you want.
Anonymity
  • Because of the nature of blockchain systems, you do not have to identify yourself. Giving you the possibility to stay anonymous if you want to.
No downtime
  • Because a non-custodial wallet does not need to be connected to any central server but only to the blockchain network of choice, it is online 24/7. Whereas with a custodial wallet it could be possible that the wallet is offline for software updates or any other reason.

Cons

Responsibility
  • With a non-custodial wallet, you are 100% responsible for the safekeeping of the keys, where you send the funds, and more. This is usually a good thing. But if you do not know what you are doing, and you are making a mistake or lose the private key (or backup) this can cause a permanent loss of funds.
Technical user interface
  • Controlling your own keys also comes with the technicalities of them, giving you usually less of a user-friendly interface and requires a bit more technical knowledge of the blockchain system.
Onchain fees
  • Controlling your own keys also comes with technicalities. Giving you usually less of a user-friendly interface and requires a bit more technical knowledge of the blockchain system.

Conclusion

Whether a custodial or a non-custodial wallet is better for you really depends on your experience with blockchain wallets. The amount of responsibility, and the control you want to have.

If you are new to blockchain wallets. We would recommend you start with a small amount (that you could lose) and test out some wallets that you deem fit for you.

When you’re using a custodial always make sure that you can trust the party that hosts the wallet. Just like you would do with a bank.

We hope that our Custodial vs Non-custodial blog helped you get a better understanding of the crypto space. If you have any Questions regarding Blockchain or Bitcoin? Feel free to ask them on our Facebook or Telegram group. We are happy to help whenever we can!


If you are ready to start using crypto now, you can easily find the best crypto wallet on our website. Here you can filter for the different types of wallets (Mobile, Computer & Hardware) and read the opinions of others. Take a look at our wallet finder functions today!

BC GAME Invests 700 ETH in NFTs for a Better Metaverse

BC.GAME Invests 700 ETH in NFTs for a Better Metaverse
BC.GAME Invests 700 ETH in NFTs for a Better Metaverse

BC.GAME Invests 700 ETH in NFTs for a Better Metaverse

BC.GAME has invested 700 ETH in multiple NFTs with the ultimate goal of boosting the metaverse and iGaming sector. The ETH amount has been spread into 5 BAYC, 3 CryptoPunks, 1 Clonex, 2 Azuki, and 3 latest Art Gobblers.

The cost of 700 ETH is believed to help the crypto industry provide a better metaverse ecosystem for its users.

In the context of boosting the metaverse ecosystem, BC.GAME developed a new crypto iGaming platform that supports multiple chains and web3 ecosystems. And with this occasion, it will organize an NFT giveaway with significant prizes.

BC.GAME improvements

The Crypto Casino of the Year, BC.GAME, has decided to support the metaverse in providing a new and better user experience. This initiative is just one of the numerous actions taken by BC.GAME to ensure that all of its players enjoy the best service and features available in the crypto market.

BC.GAME invested in 5 BAYC, 3 Crypto Punks, 1 Clonex, 2 Azuki, and 3 latest Art Gobblers at a total cost of 700 ETH. Also, it bought a complex collection of NFTs that is currently available. The BC.GAME NFT collection is ready on Open Sea, the largest NFT marketplace, where users can buy and sell NFTs using smart contracts.

In addition to supporting the evolution of the metaverse concept, and the NFT investment, BC.GAME created a crypto iGaming platform that supports multiple chains and web3 ecosystems. The multiple chains offer efficiency for buying, operating, and researching and eliminate the middleman. Also, the web3 ecosystems have numerous advantages, like control over data ownership, interaction freedom, and better security.

BC.GAME NFT Giveaway

BC.GAME constantly provides improved features and organizes giveaways. Recently, it announced that it launched a new NFT giveaway.

 

The NFT giveaway rewards are the following:

  • Mystery Box(2.5 ETH worth NFT) for 1 winner(s)
  • Meka #3895 for 1 winner(s)
  • Meka #5369 for 1 winner(s)

More about BC.GAME

BC.GAME is a community-based cryptocurrency casino that revolutionizes the casino industry and the blockchain world by being one of the first casinos to support the Lightning Network. Since its launch in 2017, the platform has provided players with the best online casino experience.

BC.GAME is the Crypto Casino of the Year 2022, thanks to its numerous prestigious awards from the industry. The platform now accepts fiat payments in addition to many popular cryptocurrencies. Also, BC.GAME provides industry-leading igaming solutions within the web3 community, and supports NFTs as an asset for gambling, recharging, withdrawals, exchanging, and other services.

Since the recent incorporation of sports betting, users now have access to over 8,000 games, including sports, slots, live table games, and even the well-known Bitcoin (BTC) crash game.

In addition to the new features of the platform, those who are not yet familiar with the BC.GAME platform should know that it offers numerous benefits for new users. On BC.GAME platform, users can sign-up on the website and get up to 1 BTC. Also, they can instantly redeem a 300% deposit bonus after registering. These are just a few of the many benefits offered to players.

Contact

More information is available on the official BC.GAME website and their socials, Twitter and Telegram.

 

Do all cryptocurrencies have intrinsic value?

Do all cryptocurrencies have intrinsic value
Do all cryptocurrencies have intrinsic value

Do all cryptocurrencies have intrinsic value?

With the thousands of crypto tokens and coins that exist today, many wonder if any of them even have intrinsic value. Mostly because some big names in the financial world have said that they don’t. 

Although not every cryptocurrency is valued the same, some really do have intrinsic value. Making their price rises more than just hot air. However, most cryptocurrencies derive their value from a different aspect than your traditional assets would. Mostly because each crypto is different. Which brings many other aspects to their valuation. Because coins like Bitcoin will have a different use case than the $Chain token or a Catgirl coin

What is intrinsic value?

Intrinsic value is a thing that highly depends on who you ask and what intrinsic value would stand for exactly. Because there exists no universal way to measure or define the intrinsic value of something. But if we define it by the dictionary definition of intrinsic value. We can say that the intrinsic value of something is defined by the value that something has by itself. 

One example of this could be gold where its intrinsic value comes from scarcity. Or with oil that could be used for energy production. These are features that these things have by themselves. Without anything else boosting the value from outside. 

When it comes to crypto it might sometimes look like they do not have intrinsic value for people that do not understand their use cases. Especially as there are many different cryptos that for a newcomer might all look the same. This is however not the case as many of these crypto projects have their own use cases that give them value. But that is not the case for all projects. As some coins/tokens will be created just to be created. And do not come with any use case or future improvements. These projects could be seen as worthless. But the line for this can be a bit blurry when it comes to meme coins. More on this later.

Where does Bitcoin get its value from?

Cryptocurrencies like Bitcoin have been spoken out against by large names in finance like Warren Buffet and Charlie Mongers as a product without any intrinsic value. However the comments from these two successful entrepreneurs. It is clear to most that understand Bitcoin that these two gentlemen do not understand Bitcoin’s use cases. 

Bitcoin has several use cases by itself and because of its upgradability, it could even gain more in the future. However, we can not see that future yet. So let’s just focus on the things that make it already one of the most valuable assets in the world. 

3 reasons bitcoin has intrinsic value

3 Reasons Bitcoin has intrinsic value

Digital scarcity

Just like gold Bitcoin has a finite amount of it making it resistant to inflation. Even though that is not completely fair as gold does inflate over time as we find more gold on our own planet or on others. Bitcoin however will only ever have 21 million Bitcoins. Which makes it the ultimate scarcity asset. This is one of the most important aspects that give intrinsic value to Bitcoin. Especially in a time when almost all countries experience higher than usual inflation rates.

The global high-speed payments network

Have you ever tried to send some Euros from Germany to someone in Taiwan? You probably have not. However, if you have ever had to send a financial transaction between countries or even from one currency to another. You will have noticed that it takes super long and you will pay extremely high fees for doing so. 

With Bitcoin, you will pay a fee much lower than with any of the traditional financial payment rails. Plus your transaction will be confirmed within 10 minutes instead of a few days. And that would be on the main Bitcoin chain. If you do it on a Bitcoin sidechain like the lightning network, the transaction would cost less than a cent and take not even a second to be confirmed. 

Financial programmability layer

Next to the first two mentioned things. Bitcoin is fully digital, programable, and upgradable. Making it possible to run other financial infrastructures on it. This way Bitcoin functions as a value and security layer for other protocols that would like to make use of Bitcoin’s security and permissionless network.

All of these things made Bitcoin so popular over the last few years. And add give Bitcoin its intrinsic value. With more use cases and innovations to be likely developed on top of its network in the future.

Why Meme coins hold value

Meme coins do not really give any value to their users like Bitcoin. They usually exist on another blockchain and have an inflationary model. So why would they even hold value? Well, it’s complicated. Really they should not hold any value. However, the communities around these meme coins bring a unique form of value to these coins. Which is a community value. Most meme coins fully rely on this. 

This means that holding coins will make people more included in that meme coins community and thus spur the holding of the token. As this is still a new principle, no one can really 100% say how this will end up in the long run. But so far many meme coins have come to market with a strong community that gives a form of social value to them.

Is crypto backed by anything?

In most cases no. Most cryptos are not backed by any physical asset. But this does not mean they do not hold any value. Cryptocurrencies derive their value not from physical world backing but rather from the use cases they provide for their users. These can be things such as payment rails, computational networks, file storage, and many more things. 

Not all cryptos are created equally though. With many tokens like USDT and USDC that are being backed 1 to 1 with the US Dollar. These tokens we call stable coins as they should hold a price-stable to the fiat currency they’re linked to. These stable coins exist for almost all fiat currencies like the Euro and Dollar. But also for certain precious metals like gold and silver. And in some cases can also represent other assets like stocks or houses. 

Most cryptos do not derive their uses case from these sorts of things, however. But rather the ones that we mentioned before plus some extra use cases that are token specific, like governance power, or profit-sharing. 

Why do people think crypto has no intrinsic value?

As we said there are a lot of big names in finance that claim that crypto has no intrinsic value. But why do these people say this, especially as these people should very well understand the financial model behind them? 

Well, the answer as usual is not that simple. But what we have noticed ourselves is that it comes usually from 2 main things. The first one is simply a lot of the people that spoke out against it simply did not understand its financial model because of its technical aspect. This is sadly often the use case with older people that are not that used to the use cases of the technology. The investor type that does not use a smartphone will probably also have a hard time understanding why cryptocurrency could be useful when they do not even understand a simple smartphone. 

The other reason we believe that some of these people speak out against it is because of their professional position. These people are often central bankers or large managers of fiat currency. These people would of course be against it as it is against their own interests and careers. Just like a butcher would not tell you to buy veggie burgers. And a Mark Zuckerberg won’t recommend you to start using Snapchat.

Final word

We hope this blog thought you a bit about why cryptocurrencies hold intrinsic value and why some do. And why some people think they do or do not think they should be worth anything. If you have any other crypto-related questions for us that you would like to have answered in a blog. Then feel free to contact and follow us on our socials.

BC GAME Launches its Redesigned Website with New Features

bc game announcement
bc game announcement

BC.GAME Launches its Redesigned Website with New Features

BC.GAME announced the official launch of its new website, integrating better features and advantages for its users.

Named the Crypto Casino of the Year, BC.GAME is one of the most popular crypto casino platforms. Now, in order to provide a better experience for users, it will launch a redesigned website, giving its players the best experience and satisfaction worldwide.

In addition to the release, BC.GAME signed two new partnerships with AFA and Cloud9.

The Redesigned Website of BC.GAME

BC.GAME’s new website will have a new UI layout, with a cleaner and slicker aspect compared to the old version.

At the same time, the new website will allow players to select different languages for the interface, translating the descriptions for a better understanding. The new languages available on the website will be Portuguese, Indonesian, Russian, Vietnamese, Korean, and Spanish.

Furthermore, BC.GAME recently signed new partnerships with two of the most recognized names in football and eSports — AFA and Cloud9. These will be displayed on a special page dedicated to sponsors. This particular section is designed so the community can stay updated about the latest events involving the casino’s partners.

New Features for BC.GAME’s Users

One of the most critical aspects of the new BC.GAME website will be its updated security. With new security characteristics such as a new Official Staff Verification page and an updated KYC feedback feature, players can now enjoy a better and more secure casino experience.

Moreover, users will now access helpful content thanks to the new design, including game recommendations specific to each user, information about the game developers, and game descriptions.

New interactions were also added to the website, with users being able to rate, like, comment, share, and offer feedback on the games they play.

Chris, Chief Operating Officer at BC.GAME shares his thoughts about the new updates on the BC Game website: “The iGaming industry moves fast. Keeping up with it is no small feat. As industry trailblazers, we pride ourselves on doing more than just staying ahead of the curve. Our goal is to create the curve. The only way to accomplish this is by keeping the communication channels with our community open. On behalf of the BC.GAME team, I would like to thank our loyal community for all the feedback and suggestions they gave by presenting this latest upgrade.”

About BC.GAME

BC.GAME is a community-based crypto casino that aims to provide its users with a distinctive and high-quality experience. Launched in 2017, BC.GAME is among the first casinos to support Lightning Network, revolutionizing the casino industry and the blockchain space.

Users now have access to more than 10,000 games, including sports, slots, live table games, and even the well-known Bitcoin (BTC) crash game, thanks to the recent addition of sports betting. BC.GAME was named the Crypto Casino of the Year 2022, thanks to its numerous awards from the industry. The platform now accepts fiat payments in addition to several popular cryptocurrencies.

Contact

More information about the launch and other services provided by BC.GAME is available on the official BC.GAME website.