Which Is the Best Bitcoin services available? Is it still worth to invest?

Wondering Which Is the Best Bitcoin services available? And if it is still worth to invest in Bitcoins or not? If your answer is yes, then I am here to help you out. Bitcoin is the first and the largest cryptocurrency available out there.
And in recent times, there are a lot of people who have started knowing about BItcoins and other cryptocurrencies. And in case if you too one of such a person who wishes to invest in Bitcoins. But not sure which bitcoin service or Bitcoin exchange to use. Then I am here to help you out.

So let’s just head into the topic without wasting much of the time:

Which Is the Best Bitcoin services available? Is it still worth to invest?

Binance:

First of all, I have the Binance. And there are no second thoughts that Binance is the best Bitcoin exchange available out there. Even, this one is the world’s biggest bitcoin exchanges that you can use. The platform keeps growing. As well as it had played an important role in creating the biggest crypto ecosystem.
Getting started with Binance is also pretty easy. And the best part is that it does not only allow you to trade in ether future. But you can also buy and sell other cryptocurrencies too. Moreover, it is a centralized network, and it has taken a unique way to expand its business. Plus, if you are a daily user of the platform, it will offer you decent discounts.

Coinbase:

For my second pick, I have the Coinbase. And this one is one of the most popular cryptocurrency exchanges available out there. The platform is based in the USA. And the only drawback it has is that it is only operational in selected countries only.
But the good part is that buying and selling bitcoins using the platform is super easy. Thanks to the simplest user interface that this website has. You can use the website through a web app, or you can use mobile apps for Android and iOS.
The platform also operates in many countries. And getting started with the platform is a super easy task. So you can easily buy and sell bitcoins. However, you should keep the fact in mind that this website is only good when it comes to buying and selling bitcoins. For trading, it is not really a great option.

Bittrex:

You can also check Bittrex. It is one of the best alternatives to the Binance. And the best part is that it comes with a clean design and has easy usability. This one is also a USA based exchange. As a result, you will have your privacy secured. As the website is well regulated and falls under the current US rules only.
Along with that, you will be able to trade in more than 190 cryptocurrencies. Also, the best part is that it handles the largest BTC trading volume out of all the exchanges. Getting started with this platform is also a supper easy task. Simply register an account and get done with KYC and phone verification. And you are all set to trade.

 

Coinmama:

In the end, I have the Coinmama. And it is also one of the best bitcoin services available out there. Also, the good part is that Coinmama is available in many countries. Plus, the platform makes it super easy for anyone to buy, not just Bitcoins, but other coins like Litecoins, Etherum, Ripple, and other currencies.
Plus, you can make a purchase using all the standard payment options like credit, debit cards, WIRE transfer, and so on. Plus, they have a charge of 6% on each of your purchases.
And in case if you belong to Europe, then you can purchase cryptocurrency with SEPA transfer for a lower fee. As well as the website is pretty easy to use, and getting started with it is not that hard.

Is Bitcoin still worth to invest?

Talking about if Bitcoin still worth to invest or not, my answer would be yes, it is still profitable. We are at the starting age of Bitcoins. Bitcoin has a long way to go, to be honest. This is the time when people have started to know about bitcoins and other cryptocurrencies at a larger level.
Hence, it has a huge potential to grow in the future. Even if you look at the price graph of bitcoins, you will find that the price is only going up. And in the future, we will get to see the same. Of course, there will be certain downs. But in the long term, it would be profitable, and there is no doubt about it.
So that was the answer to your Which Is the Best Bitcoin services available? Is it still worth to invest. And I hope this has cleared all your doubts.…

Can Cryptocurrency be Traced?

First Words:
Cryptocurrencies are considered as the future of digital currency. It basically changes the traditional financial transactions into digital. There are a number of reports about the cryptocurrency is being used for funding illegal activities. In this article, we will discuss the possibility of cryptocurrency being traced.

Cryptocurrency Tracing:
There are several reports on the Bitcoin blockchain about the illegal activities in between the year of 2013 and 2016. These reports are obtained by the studies which are conducted by various blockchain analysis firms. The various kinds of illegal activities include malware and ransomware attackers, dark web black market and Ponzi schemes. Cryptocurrencies can be traced, as the studies conducted that more than 95% of the cryptocurrencies came from several dark web black markets.
These black markets include AlphaBay, Silk Road, Agora and Silk Road 2.0. In order to trace cryptocurrencies, we need to closely examine the blockchain activity. This will help us to find out the exact account which is being used for laundering cryptocurrencies, this particular process is known as clustering. There are various firms working on tracing cryptocurrencies and providing a software solution. They basically record all the information regarding the transactions to the blockchain which will initially disclose the addresses.
Even law enforcement is also using various tools and organizations, in order to trace criminal activities happening on blockchain networks. Recently a hacking attempt was done in the year of 2018 which was $60 million taken from a company named Zaif Exchange. As a result, more than 6,000 Bitcoins were stolen from the account. Using the analysis tool, the engineering team has traced that around 30% of the Bitcoin was in a particular address which is the account of the hacker.
24% were sent to a particular exchange for the withdrawal of the money. And the rest of 46% was divided into several small amounts and transferred to different addresses. It is much important to determine the exact time of the unauthorized access to your account, which will be much easier to trace the illegal activities. There is also crypto crime happening in the offline world, where the victims are forced to deliver the account details of their cryptocurrencies.
Recently the collaboration with law enforcement and blockchain analytics firm, they have introduced QR code for each crypto wallet. This helps to trace the transactions which could arouse suspicion. It is much advised to gain complete knowledge regarding cryptocurrencies before investing and using transaction procedures.
Even after the complete surveillance of cybersecurity, there is still a number of illegal activities being increased related to cryptocurrency transactions. Even after the complete tracing of cryptocurrency theft, not many actions can be taken against them in the real world.

Last Words:
Investors are always concerned about cryptocurrencies being stolen, or account being hacked. We have collected complete information regarding the tracing procedure of cryptocurrencies from different sources and posted them in this article for you. Share this useful article with others so that they get to know about the safety procedures being taken in order to trace stolen cryptocurrencies.…