๐ฎ Over 1,000,000 ETH were burned on the Ethereum network
Because of the exponential growth in usage of NFTs and DeFi, the Ethereum network has now managed to break the mind-blowing milestone of 1 million burned coins.
The mechanism itself was introduced in the EIP-1559 update, which was launched back in August.
As of today, the total volume is currently estimated at $ 4.2 billion. But that's just the begging!
๐ DeFi and NFTs have just started to settle down and plant their roots in our modern world. If this is what they've managed to achieve in such a short amount of time, there's no telling how network usage will grow from this point onwards.
#Bitcoinupbit_news #ethereum #defi #nft
Because of the exponential growth in usage of NFTs and DeFi, the Ethereum network has now managed to break the mind-blowing milestone of 1 million burned coins.
The mechanism itself was introduced in the EIP-1559 update, which was launched back in August.
As of today, the total volume is currently estimated at $ 4.2 billion. But that's just the begging!
๐ DeFi and NFTs have just started to settle down and plant their roots in our modern world. If this is what they've managed to achieve in such a short amount of time, there's no telling how network usage will grow from this point onwards.
#Bitcoinupbit_news #ethereum #defi #nft
๐ฉโ๐ซ Anti-money laundering refers to what institutions do to achieve compliance with legal financial requirements and works as a means to mitigate the potential results of prior criminal economic activity.
It works to prevent criminals from disguising illegally obtained funds as legitimate income, simply put, it prevents money laundering.
As such, companies implement a couple of measures to ensure that such illegal acts do not occur under their nose.
๐ก Some examples of that would be KYC or even Customer Due Diligence procedures. The end goal remains the same, making sure that everything is legal and that nothing goes against the system. This is how customer satisfaction is preserved, but also legality is ensured.
#Bitcoinupbit #AML #security #finance
It works to prevent criminals from disguising illegally obtained funds as legitimate income, simply put, it prevents money laundering.
As such, companies implement a couple of measures to ensure that such illegal acts do not occur under their nose.
๐ก Some examples of that would be KYC or even Customer Due Diligence procedures. The end goal remains the same, making sure that everything is legal and that nothing goes against the system. This is how customer satisfaction is preserved, but also legality is ensured.
#Bitcoinupbit #AML #security #finance
What makes BitcoinUpBit so special. All users recommend it, discover innovation now ๐
#Bitcoinupbit #Bitcoinupbit_user
#cryptocurrencyexchange
#Bitcoinupbit #Bitcoinupbit_user
#cryptocurrencyexchange
๐ฅ Two-Factor Authentication adds an additional layer of security to your online accounts. It makes it so that you'd require an extra credential (that is neither your username nor password) to gain account access to your account.
To activate our two-factor authentication you'll have to follow a few simple steps.
๐ Download the application Google Authenticator from the Play Store or the Appstore. Go to the Settings tab and then to Security. Scan the QR code in the downloaded application or enter the number by hand. After addition the tab bitcoinupbit in the application you'll have to enter the authentication code in the field โPlease Enter Keyโ.
Once it's done, congratulationsโ
You'll have switched on the two-factor authentication.
๐ You can now enjoy BitcoinUpBit to its fullest, with guaranteed safety and peace of mind.
#Bitcoinupbit #twofactorauthentication #cryptocurrencyexchange
To activate our two-factor authentication you'll have to follow a few simple steps.
๐ Download the application Google Authenticator from the Play Store or the Appstore. Go to the Settings tab and then to Security. Scan the QR code in the downloaded application or enter the number by hand. After addition the tab bitcoinupbit in the application you'll have to enter the authentication code in the field โPlease Enter Keyโ.
Once it's done, congratulationsโ
You'll have switched on the two-factor authentication.
๐ You can now enjoy BitcoinUpBit to its fullest, with guaranteed safety and peace of mind.
#Bitcoinupbit #twofactorauthentication #cryptocurrencyexchange
๐ด Cryptocurrencies tend to go through a lengthy analysis process to determine whether they are eligible or not to become part of an exchange.
The process is referred to as "Listing" and has several stages of selection before the decision is finally made. Said stages focus mainly on the demand, usefulness, profitability, security, and liquidity of the asset. The initiator can either be the creator of the coin himself, or, in cases where the coin is in high demand among traders, the trading platform.
โ Listing is generally an extremely important factor when it comes to the development or the growth of a cryptocurrency. After their addition to a list, assets become available for sale and purchase. If the coin is listed on larger exchanges, it'll be getting more exposure and thus, higher demand.
#Bitcoinupbit #coins #listing
The process is referred to as "Listing" and has several stages of selection before the decision is finally made. Said stages focus mainly on the demand, usefulness, profitability, security, and liquidity of the asset. The initiator can either be the creator of the coin himself, or, in cases where the coin is in high demand among traders, the trading platform.
โ Listing is generally an extremely important factor when it comes to the development or the growth of a cryptocurrency. After their addition to a list, assets become available for sale and purchase. If the coin is listed on larger exchanges, it'll be getting more exposure and thus, higher demand.
#Bitcoinupbit #coins #listing
๐ Being an exchange, BitcoinUpBit offers cryptocurrencies the opportunity to be listed on it. Of course, entering the exchange is no easy task as it requires specific criteria to be met for it to be eligible.
๐ Each cryptocurrency wishing to enter the exchange must prove its usefulness, value, and liquidity. For a cryptocurrency to be considered, it must have good prior success, with numbers that can speak for themselves, as well as an infrastructure that guarantees its viability.
๐ This is set in place to ensure that there'll be customer demand in the future so that everyone's needs are met.
#Bitcoinupbit #listing #tokens #cryptocurrency
๐ Each cryptocurrency wishing to enter the exchange must prove its usefulness, value, and liquidity. For a cryptocurrency to be considered, it must have good prior success, with numbers that can speak for themselves, as well as an infrastructure that guarantees its viability.
๐ This is set in place to ensure that there'll be customer demand in the future so that everyone's needs are met.
#Bitcoinupbit #listing #tokens #cryptocurrency
๐ฉโ๐ซ It's been years since Bitcoin became the Number 1 cryptocurrency. Wherever you go whoever you might be, you'll have heard of it at least once or twice.
Bitcoin has existed since 2009 and is considered to be the first established cryptocurrency.
โช๏ธIt all started in 2008 when the mystery man, Satoshi Nakamoto, had posted the paper "Bitcoin - A Peer to Peer Electronic Cash System" in a discussion that was about cryptography. The idea was thus presented to the world, and only a year later the Bitcoin software was made available to the public.
๐ท 2010 marked Bitcoin's first price estimation and use to pay for items in real life, pizzas more precisely.
๐ After this point, the rest became pretty much history - literally. Rivals emerged, prices crashed then went up, said rivals were crushed, there was theft and scams but ever since then the security went up a notch, and then in 2017 Bitcoin reached $10,000 and just kept growing.
๐ And this is, roughly, how the most popular cryptocurrency came to be.
#bitcoin
Bitcoin has existed since 2009 and is considered to be the first established cryptocurrency.
โช๏ธIt all started in 2008 when the mystery man, Satoshi Nakamoto, had posted the paper "Bitcoin - A Peer to Peer Electronic Cash System" in a discussion that was about cryptography. The idea was thus presented to the world, and only a year later the Bitcoin software was made available to the public.
๐ท 2010 marked Bitcoin's first price estimation and use to pay for items in real life, pizzas more precisely.
๐ After this point, the rest became pretty much history - literally. Rivals emerged, prices crashed then went up, said rivals were crushed, there was theft and scams but ever since then the security went up a notch, and then in 2017 Bitcoin reached $10,000 and just kept growing.
๐ And this is, roughly, how the most popular cryptocurrency came to be.
#bitcoin
๐ฉ It might be frustrating when you're trying to get your verification code but it just doesn't seem to arrive anytime soon. Worry not! We're here to help.
Typically, if this issue happens it's because the e-mail was redirected to your Spam folder rather than your main Mailbox.
โ As such, the first and most important thing you should do is make sure that your spam folder doesn't have our e-mail in it.
If after verifying your spam folder you still can't find our e-mail then you should contact our support.
๐จโ๐ป Our communication channels are always up and running to make sure that your experience is as enjoyable as possible.
#Bitcoinupbit #verification #email
Typically, if this issue happens it's because the e-mail was redirected to your Spam folder rather than your main Mailbox.
โ As such, the first and most important thing you should do is make sure that your spam folder doesn't have our e-mail in it.
If after verifying your spam folder you still can't find our e-mail then you should contact our support.
๐จโ๐ป Our communication channels are always up and running to make sure that your experience is as enjoyable as possible.
#Bitcoinupbit #verification #email
๐ค Most aren't aware that Blockchain doesn't actually define a "single" thing, as it has many varieties and types to it that are often not mentioned.
First off, the main types are either Permissionless, Permissioned, or both.
A mix of both these types gives birth to a hybrid blockchain where people have freedom while also there being a single authority to run things.
Then, we got the types of blockchain structures which are:
โช๏ธPublic Blockchains - fully decentralized
โช๏ธPrivate Blockchains - controlled by a single organization
โช๏ธConsortium Blockchains - government by a group
โช๏ธHybrid blockchains - controlled by a single organization, but, with a good amount of decentralization
Now you know that Blockchain is way more intricate than what people make it seem to be. Interesting isn't itโ
#Bitcoinupbit #blockchains
First off, the main types are either Permissionless, Permissioned, or both.
A mix of both these types gives birth to a hybrid blockchain where people have freedom while also there being a single authority to run things.
Then, we got the types of blockchain structures which are:
โช๏ธPublic Blockchains - fully decentralized
โช๏ธPrivate Blockchains - controlled by a single organization
โช๏ธConsortium Blockchains - government by a group
โช๏ธHybrid blockchains - controlled by a single organization, but, with a good amount of decentralization
Now you know that Blockchain is way more intricate than what people make it seem to be. Interesting isn't itโ
#Bitcoinupbit #blockchains
โญ Being one of the largest exchanges out there makes it that we value security as well as user experience above all things.
Our work's main priority is ensuring the security of our clients' personal data.
๐ก For that purpose, we have implemented extra safety measures that guarantee everything will go without a hitch. Namely, two-factor authentication technology to protect your accounts as well as KYC.
๐ As such, you don't have to worry about anything with us. Your security is as important for us as it to you and we're always doing our best to make your experience is the most enjoyable possible.
#Bitcoinupbit #blockchain #cryptocurrency
Our work's main priority is ensuring the security of our clients' personal data.
๐ก For that purpose, we have implemented extra safety measures that guarantee everything will go without a hitch. Namely, two-factor authentication technology to protect your accounts as well as KYC.
๐ As such, you don't have to worry about anything with us. Your security is as important for us as it to you and we're always doing our best to make your experience is the most enjoyable possible.
#Bitcoinupbit #blockchain #cryptocurrency
๐ฐ The crypto market is one of the most volatile out there. Due to its nature, many traders remain unsure of whether their selling/buying decisions are best. But truth be told, you can never fully be sure that said decisions are 100% correct.
When it comes to holding your crypto it depends on many factors and on how you are as a trader.
Are you planning to keep trading in the long termโ
Or perhaps are you just trying to trade on the side every now and thenโ
Do you want to make this your main source of income or simply keep it as an extra means to make moneyโ Depending on every situation the answer will be different.
๐ A basic rule to remember is to keep a close eye on how the market fluctuates and how the coin you wish to trade has been faring previously. For longer-term investments, holding a cryptocurrency for a year or more can potentially bring good gains, but nothing is set in stone as the market still remains quite volatile.
Do not invest with what you can't afford ๐
#Bitcoinupbit #cryptocurrency
When it comes to holding your crypto it depends on many factors and on how you are as a trader.
Are you planning to keep trading in the long termโ
Or perhaps are you just trying to trade on the side every now and thenโ
Do you want to make this your main source of income or simply keep it as an extra means to make moneyโ Depending on every situation the answer will be different.
๐ A basic rule to remember is to keep a close eye on how the market fluctuates and how the coin you wish to trade has been faring previously. For longer-term investments, holding a cryptocurrency for a year or more can potentially bring good gains, but nothing is set in stone as the market still remains quite volatile.
Do not invest with what you can't afford ๐
#Bitcoinupbit #cryptocurrency
๐ After NFTs took over the world and crypto became more prominent by the day, another digital game-changer came into the picture - The Metaverse.
๐ It's a virtual space where people can interact no matter their background.
Its adoption can already be witnessed on various platforms and software. Namely former giant Facebook, which is now known as "Meta". Zuckerberg himself believes that the metaverse is bound to become the future and that Meta will become a platform where people can engage in all sorts of activities virtually, with or without VR headsets.
๐ฐ In addition, crypto will play an important role in the Metaverse. Seeing how this world is fully digital and transactions are set to be in it, then seeking decentralization is inevitable and blockchain gives you just that.
The future sure does look bright for the digital world. How long until the metaverse takes us all inโ
๐ Only time will tell.
#blockchains #cryptocurrency #metaverse
๐ It's a virtual space where people can interact no matter their background.
Its adoption can already be witnessed on various platforms and software. Namely former giant Facebook, which is now known as "Meta". Zuckerberg himself believes that the metaverse is bound to become the future and that Meta will become a platform where people can engage in all sorts of activities virtually, with or without VR headsets.
๐ฐ In addition, crypto will play an important role in the Metaverse. Seeing how this world is fully digital and transactions are set to be in it, then seeking decentralization is inevitable and blockchain gives you just that.
The future sure does look bright for the digital world. How long until the metaverse takes us all inโ
๐ Only time will tell.
#blockchains #cryptocurrency #metaverse
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๐ฅ There might come a frustrating time in which you have inadvertently lost your two-factor authentication key. If that were to ever happen, don't stress out, there's an easy way to get it back.
๐ก Since we value security above all things, it's important that even this ""restoration"" process be thorough.
โก๏ธ You'll need to provide us with you KYC data, account login, as well as the data of your latest currency deposits and withdrawals.
๐ Once the verification is done and your identity has been confirmed, you'll once again have access.
We're always happy to help. Get in touch with us if you ever need somethingโ
#Bitcoinupbit #twofactorauthentication #key
๐ก Since we value security above all things, it's important that even this ""restoration"" process be thorough.
โก๏ธ You'll need to provide us with you KYC data, account login, as well as the data of your latest currency deposits and withdrawals.
๐ Once the verification is done and your identity has been confirmed, you'll once again have access.
We're always happy to help. Get in touch with us if you ever need somethingโ
#Bitcoinupbit #twofactorauthentication #key
๐ There's a lot of things that make BitcoinUpBit stand out compared to its counterparts. To add to our users' comfort and unique experience, we now have a global crypto marketplace.
๐ค You'll now be able to purchase products from around the world with only a single click. You'll also have unrestricted access to products from worldwide markets such as Amazon, eBay, and be able to purchase their items using USDT.
The currently available categories are :
โช๏ธ Cell Phones & Smart Watches, Electronics
โช๏ธ Computers & Tablets
โช๏ธ Cameras & Photo
โช๏ธ TV & Audio
๐ Make your purchases easier and quicker all the while enjoying trading at its finest, all in one place: https://store.bitcoinupbit.com/
#Bitcoinupbit #Bitcoinupbit_news #marketplace
๐ค You'll now be able to purchase products from around the world with only a single click. You'll also have unrestricted access to products from worldwide markets such as Amazon, eBay, and be able to purchase their items using USDT.
The currently available categories are :
โช๏ธ Cell Phones & Smart Watches, Electronics
โช๏ธ Computers & Tablets
โช๏ธ Cameras & Photo
โช๏ธ TV & Audio
๐ Make your purchases easier and quicker all the while enjoying trading at its finest, all in one place: https://store.bitcoinupbit.com/
#Bitcoinupbit #Bitcoinupbit_news #marketplace
๐ญ In the recent couple of years, the number of female cryptocurrency users has grown significantly. In today's post, we will talk a bit more about some of the most influential women who have contributed to the development of the industry.
โ
Scroll to find out more โก๏ธ
#Bitcoinupbit #cryptocurrency #blockchains
โ
Scroll to find out more โก๏ธ
#Bitcoinupbit #cryptocurrency #blockchains
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๐ Non-fungible tokens (or NFTs for short) are collectibles that you can own digitally. Each NFT is special and irreplaceable, it has no other copy and you're its sole owner.
๐ค Because NFTs are stored in Blockchain, it establishes the fact that you're the only person that owns that specific asset. With this, you can have digital items all for yourself without having to worry about them being lost or stolen, seeing that your proof of ownership is a given.
๐ฐ What's more is that since every NFT has a set value, you can also sell them and immensely profit from them!
๐ This is a quick and efficient way to earn while also having loads of interactivity and fun! You can show off your tokens and even make collections out of them, the choice is entirely yours.
#nft #nftart #blockchain
๐ค Because NFTs are stored in Blockchain, it establishes the fact that you're the only person that owns that specific asset. With this, you can have digital items all for yourself without having to worry about them being lost or stolen, seeing that your proof of ownership is a given.
๐ฐ What's more is that since every NFT has a set value, you can also sell them and immensely profit from them!
๐ This is a quick and efficient way to earn while also having loads of interactivity and fun! You can show off your tokens and even make collections out of them, the choice is entirely yours.
#nft #nftart #blockchain