What is Tether (USDT)? And how does it work?

Tether is a stablecoin, a cryptocurrency with a price equivalent to that of fiat currency (USD, in this case). It is pegged to the US dollar and maintains a 1-to-1 ratio with it in value terms. Tether is in fact the most popular stablecoin in the world, and it even acts as a substitute for the dollar on popular exchanges like Bitfinex and Poloniex and ranks 9th among the cryptocurrencies with the largest market capitalization (around USD 6.41 billion). If you are looking how to invest in Tether (USDT), you came to the right place.

Tether was originally created to use the Bitcoin network as its transport protocol, specifically, the Omni layer, to allow traditional “tokenized” currency transactions. Since this original version of Tether uses the Bitcoin blockchain, it inherits the inherent stability and security of the older established blockchain network.

Now there is a newer Tether transport protocol, on the Ethereum blockchain as an ERC20 token. This is why it can be sent to any Ethereum address like any ERC20 token.

Tether’s main objective is to provide liquidity and hedge against volatility in the crypto market. Tokens are pegged to a fiat currency, meaning there should be no loss of value or volatility as with other cryptocurrencies.

How is Tether (USDT) doing in Australia market?

If you want to invest in Tether (USDT) here, in Australia, there are some pairs that you can use to trade this stablecoin. Like the other countries, Australia has a high trading volume in the BTC / USDT market, as this is one of the most coveted pairs in the crypto market. ETH / USDT is also very popular and is constantly fluctuating, providing excellent opportunities to generate profits using a stablecoin.

Furthermore, the Tether market in Australia can also establish a relationship between the value of the USD (whose unit equals 1 USDT token) with the AUD. It has been proven that although the value of tether is stable and goes hand in hand with each US Dollar, some of its decimals can vary, which could also allow taking advantage of these variations by buying and selling the necessary amounts with AUD.

Why should I invest in Tether (USDT)?

Tether is a great way to protect yourself against the volatility of cryptocurrencies in spot markets. For example; Suppose we have bought $500 and Bitcoin price falls to $10,000. With these funds, we can acquire 0.05 BTC and if the price increases to 11,000 USDT, the profits obtained can be withdrawn by buying Tether again (50 USDT in this case, to be exact).

Beyond trading and investing, Tether is a great way to save crypto funds and get them ready to trade internationally at extremely low commission rates and in some cases, free. Remember that BTC transactions require a miner fee, which will cause less money to arrive than you sent or to be deducted before being sent. In the other hand, USDT tokens can be sent to any USDT address faster and way cheaper.

Tether makes it easy to transfer real cash to digital cash. It is also faster to convert into cryptocurrencies than a regular fiat. Tether also allows you to buy cheap cryptocurrencies when the market falls.

Liquidity is a key aspect of anyone with capital. You must be able to move your money to make investments. If you decide to invest in a cryptocurrency whose price turns against your market analysis, this will prevent you from changing those tokens to other currencies because you would be assuming a loss that could turn into a profit. For that reason, buying Tether solves the problem of low liquidity in user accounts in the crypto community.

How to start investing in Tether (USDT) in Australia?

Buying Tether is as easy as buying Bitcoin or another cryptocurrency can be. However, we recommend a local platform like Easy Crypto AU for Australian residents.

To buy at Easy Crypto we must register and meet a series of KYC requirements to verify your account and recognize you as a trusted member. Once you have been verified, you can start buying the tokens available on the platform with AUD through bank wire transfers.

The Easy Crypto wallet not only has space for Bitcoin and Tether, since it also supports the storage of different tokens (EOS, ETH, LTC, BAT …). It should also be noted that you can make swaps within the platform to exchange cryptocurrency cradle with another.

The post Top Reasons to Invest in Tether (USDT) in Australia appeared first on Easy Crypto.

What is Ripple (XRP)? And how does it work?

XRP is a centralized cryptocurrency created by the company Ripple Labs, developed as a solution to allow banks and financial entities of all kinds to use the power of blockchain technology to improve their cross-border transaction systems. Basically it is a project that tries to lead blockchain to improve aspects of the financial system that we still have.

The XRP token is a cryptocurrency that has been operating on Ripple’s open source platform since 2012. The bases of its creation have been very different from other traditional cryptocurrencies, this being a centralized currency. Choosing to invest in Ripple means taking advantage of the pros that come with cryptocurrencies while staying in a financial safe zone, as several banks support this project.

XRP is known as the banks’ cryptocurrency, since the Ripple protocol is intended to be a complement to the current banking system, where it helps international transfers to transform from fiat money, gold and even air miles. The goal behind its design was to make such transactions faster and cheaper. This cryptocurrency — unlike Bitcoin — does not require as many confirmations to process a transaction and its consensus system is its own. It seeks to be used to make cross-border payments almost instantaneously.

Much to the contrary of Bitcoin and other cryptocurrencies, Ripple does not operate under blockchain technology as such. Instead, it employs DLT (Distributed Ledger) technology alongside its own consensus protocol called the Ripple Protocol Consensus Algorithm (RCPA). This helps them to validate the transactions that are carried out within the RippleNet system. Thus, RippleNet has special servers in charge of validating transactions and XRP tokens.

These servers do not offer a reward like the case of Bitcoin, but rather it is a network managed by independent servers. This type of structure is what makes Ripple highly centralized. And it is that most of the XRP nodes are owned by the same banks that make use of the system and by the company Ripple Labs. Furthermore, it is estimated that more than 60% of their tokens are in the hands of their own developers.

What can I do with Ripple (XRP) in Australia?

Like other cryptocurrencies, Ripple has a ton of uses that will benefit you in one way or another. However, we must first clarify that although the price of Ripple is relatively stable it is NOT a stablecoin. The XRP price does fluctuate and in fact has grown a lot since it was launched on the market. Currently 1 XRP token is worth AUD $0.3, although it is not close to its maximum price (or its minimum price), which means that in the face of any market movement we will be able to buy cheap XRP directly with our AUD and benefit from price variations.

For those who invest in Ripple, buying several items with XRP such as video games, hardware wallets (Trezor and Ledger), purchase VPN services, Internet Hosting and more is very easy. Also, since it is totally legal and Australia has been so adoptive with cryptocurrencies, you will surely find some merchant who is willing to offer you a product/service in exchange for XRP.

It is worth mentioning that you can also use XRP to carry out international transactions at very low commission rates and without the possibility of fraud. Also, an XRP transaction is processed much faster than a Bitcoin transaction (which takes about an hour to be confirmed). This is ideal if you have a business or a company that has to work from other countries or you need to make some kind of significant investment.

Why should I invest in Ripple (XRP)?

Ripple Labs has established alliances with several of the main major banks worldwide. Among them are BBVA, Santander, Axis Bank, Yes Bank, Westpac, Union Credit, NBAD, UBS and Itaú. We can also review the association it has with the Federal Bank of India, which is one of the largest in this Asian country, and also an important financial center. All of these banks have decided to use Ripple’s technology to make cross-border payments where they can relate to the remittance market they manage. This makes Ripple a trustworthy project and gives us an idea of how serious it actually is.

As the use of Ripple is greater in the financial ecosystem, its price in the market will increase significantly, so if someone were to invest in Ripple right now, they would be getting amazing returns within the next months. Since its launch, the coin has been growing in value steadily but perhaps a little slower than other cryptocurrencies, but if the forecasts are met, it may become the second cryptocurrency by market value in very few years. A revaluation potential that will allow those who buy it today to enjoy a great return on their investment.

Ripple does not use blockchain technology in a similar way to the rest of cryptocurrencies, since it uses its own encryption system through its own network, faster and capable of greatly reducing transaction costs. Its system allows real-time payments and users can send and receive money at any time and between people anywhere in the world. A unique technology in the cryptocurrency market that undoubtedly turns Ripple into a payment system with its own personality.

Thanks to all of the above, Ripple is a cryptocurrency that enjoys great stability in the cryptocurrency market. While other digital currencies grow and decline randomly with the ups and downs of the markets, Ripple shows a more stable situation with sustained growth. This provides a guarantee for investors, who will not have much chance of losing a significant amount of their investment if they need to sell their ripples. As you can see there are many reasons that invite investors to buy Ripple before other cryptocurrencies. Its multiple benefits for companies and users and the growth potential that it has thanks to its irruption in the banking business can make this cryptocurrency one of the great protagonists of the coming years in the crypto ecosystem.

How to start investing in Ripple (XRP) in Australia?

The first step to invest in Ripple will be to register for a wallet service where, after obtaining an XRP address, we can receive direct payments. Another option would be to register with an exchange company, although it will totally depend on your level of experience to successfully buy XRP tokens, considering that you have chosen a platform that offers a Spot market and not only perpetual contracts.

If you are starting in the world of cryptocurrencies and want to know how to buy Ripple in Australia, you can opt for a local exchange platform with integrated cryptocurrency wallet, just like Easy Crypto Australia (AU) is. On this platform you can register and verify your data with KYC procedures to be able to buy the available cryptocurrencies (NANO, BAT, BTC, LTC, ETH, EOS, XRP, DASH, OMG, XTZ, DGB, DOGE and many more) through bank wire transfers with your AUD funds, saving you the time to buy BTC in another exchange and then convert them to XRP tokens.

Once you have made the first purchase, your experience level will change and you will have understood the purchase mechanism, so you can then explore the Swap options and other functions that the platform allows.

The post Top Reasons to Invest in Ripple (XRP) in Australia appeared first on Easy Crypto.

Cryptocurrencies move hundreds of millions of dollars monthly and represent one of the markets with the highest profit margin, especially since there is a lot of volatility and prices fluctuate frequently. If we combine this with the decentralization aspect that these digital assets generally impose, we will have a perfect recipe to invite people unrelated to traditional financial institutions to participate.

As could be expected, Australia has been one of the countries with the highest adoption of cryptocurrencies in the world, since we can see from thousands of people participating in the crypto markets using the local currency (AUD) to businesses that accept Bitcoin as a payment method. Furthermore, Australia’s regulatory agencies have taken action on cryptocurrencies that allow their free circulation while preventing them from being used for illegal purposes (taking advantage of their anonymity feature).

That being said, we can understand that cryptocurrencies are legal in Australia and even the largest crypto exchange companies include AUD as a deposit method and even as a trading pair. This crypto ecosystem continues to grow and joining means growth for us too, especially since it works with futuristic technology and comprises a series of advantages that we will explain later.

The reasons why it is important to have cryptocurrency in Australia

Investing in crypto is easy

There has never been as much information about the cryptocurrency world as there is today, making crypto transactions extremely easy to execute. The truth is that saving and receiving/sending crypto transactions is not rocket science, since all you need is to have the funds and a destination address where to send the tokens.

Additionally, many companies have emerged that offer wallet services for a long list of cryptocurrencies. Although it is true that it is only recommended to use these services if you can trust them with your money, we must also consider that there are currently many faultless and reputable companies that you can trust.

High profitability

The volatility of this market is something we all know about. However, while such volatility presents high risk, it is also a great opportunity to quickly increase anyone’s financial capital. This attracts investors who are risk tolerant, as well as financial capital who are willing to risk.

Unlimited and cheap transfers in the market

On the other hand, cryptocurrencies are assets that allow the transfer of funds at home or abroad quickly and with much lower rates than existing services.

It should also be noted that immigrants use cryptocurrencies as a way to support their family members who are still living in countries that are going through disastrous economic situations. Millions of dollars in crypto have entered these countries because of how easy it is to send cryptocurrencies.

Thanks to blockchain technology, which is the basis of cryptocurrencies, the price for sending funds changes dynamically, depending on demand, and is almost always lower than what the client would pay if they used traditional banking channels.

Blockchain generates security

In addition to keeping track of transactions, blockchain technology provides security, decentralization, and transparency.

The answer to all the questions about the best time to invest in cryptocurrencies, if it is safe to invest in them, is in the hands of Blockchain technology. This is because the technology of this system guarantees the security of transactions in a way never thought before.

Similarly, it could be said that blockchain technology is here to stay and that it is one of the great advantages of this market.

In conclusion, the growth of the cryptocurrency market at an exponential rate has led people to believe that the future of finance is here.

Businesses have started accepting cryptocurrency payments in Australia

Due to the high acceptance of cryptocurrencies by Australians, many businesses in Sydney, Melbourne, Brisbane and Perth are offering their products and services in exchange for BTC at a price equivalent to their original value in AUD.

This is very convenient for people who receive income in cryptocurrencies (especially Bitcoin) since they can make their purchases with their tokens without having to make an exchange. Among these businesses, we can find bars, cafes, restaurants, hairdressers, tattoo shops and medical offices.

How to buy cryptocurrency in Australia?

Buying cryptocurrency in Australia is exceptionally easy, as there are multiple BTC ATMs and alternatives on the internet to exchange AUD for BTC. Although there are large crypto exchange companies in Australia offering this service, Australian residents may feel more comfortable buying Bitcoin through a local exchange platform such as Easy Crypto AU. Easy Crypto AU allows you to buy Bitcoin and other cryptocurrencies through bank wire transfers directly with AUD and automatically attributes the tokens to your BTC wallet. At excellent spread rates, you will have a comfortable and simple experience with the Easy Crypto service.

The post Why Should We Have Cryptocurrency in Australia? appeared first on Easy Crypto.

Ethereum is an integrated software platform that works through blockchain technology to create new decentralized applications. The idea behind the creation of Ethereum was to create an improved version of the pioneering cryptocurrency Bitcoin, although the two projects are very different.

When we say Ethereum is a decentralized system, we mean that it is not under the control of any financial or government institution. In other words, it is a 100% autonomous protocol and governance is observed among all the volunteers’ computers around the world, thus eliminating the probability of Ethereum “disappearing”.

While Bitcoin is primarily a P2P payment system intended to carry out transactions that are processed on a blockchain network, Ethereum has expanded the capabilities of its own network, allowing it to exercise coding language functions, manage decentralized operations, and even web browsers.

Now, considering that Ethereum is the platform where these applications work and work as a decentralized internet with stores for different softwares, it is logical that we need a means of payment to acquire these services. To do this, Ether was created.

Ether, like Bitcoin, is a digital asset that does not require the participation of third parties to start negotiations. Although this cryptocurrency also participates (and with a high price) in the market, it also serves to allow developers to make updates and/or changes to their applications within the Ethereum network, just as if it were fuel to work. No matter the reason why you’re buying Ethereum, it is always a good investment and crypto exchange platforms in Australia (and all over the world) know it.

The reasons why Ethereum is a good investment

Ethereum is one of the most popular cryptocurrencies in the market today. That’s because it has the potential to compete Bitcoin and many benefits to offer. Here are those benefits and reasons that make Ethereum is a good investment:

1. Fast evolution

Ethereum is a cryptocurrency that saw its origins in 2014, and since then it has gone through a slow but progressive increase in its prices and trading volume. The digital currency is just barely 6 years old and has better growth indicators than Bitcoin has had in its first years of history.

Ether has shown very favorable prospects particularly this year, going from trading at $8 to registering values ​​today above $1,417 per unit.

Experts in the area of ​​cryptocurrencies assure that Ethereum is barely seeing its beginnings and that its performance may be much more promising in the years to come.

2. Accessible price

Surely those interested in entering the ecosystem of digital currencies the first alternative that comes to mind is to invest in Bitcoin, although it is possible that many think twice when they see the value that digital currency currently registers per unit, which currently exceeds USD 9,300.

For its part, Ethereum is a much cheaper currency that also enjoys good standing and reputation. ETH is currently trading on the cryptocurrency market at $245 per unit, making acquiring ETH tokens easier in terms of investment than thinking about buying Bitcoin tokens. Crypto exchange companies in Australia currently have a 342 AUD price on ETH.

If we consider this point in light of the aforementioned, it could be a smart purchase to invest in Ethereum right now, since it has already registered prices very close to $400 per unit and its value is expected to increase in the short term.

3. Faster and cheaper transactions

One of the problems afflicting Bitcoin users right now is the existing collapse within the network, which results in the owners of assets in the digital currency being forced to pay higher commission margins than usual so that the respective transfer arrives as soon as possible to its recipient.

With Ethereum, this does not happen. Despite the fact that the volume of operations and the number of users making transactions is much higher than that of Bitcoin (especially due to the incorporation of ICOs), the digital currency network promoted by Vitalik Buterin manages transfer costs equivalent to some few cents, and the same is confirmed by the Blockchain in less than approximately 30 seconds.

4. Easier to mine

Knowing that Ethereum is a worthy investment, a lot of people stopped buying it and actually mine it. Unlike Bitcoin, to carry out mining activities with Ethereum it is not necessary to have a mining CPU specially designed for that purpose, since they are not compatible with the digital currency network. Just as you can buy ETH in Australia, you can mine ETH tokens too.

Instead, users interested in mining assets should only invest in video cards destined for this purpose and install them on the corresponding computer. While mining activities require some important technical knowledge, Ethereum reduces the burden on stakeholders by minimizing the initial investment margin, since the hardware required to mine the digital currency created by Buterin may be cheaper than those traditionally used for mining Bitcoin.

5. Programmed and optimal evolution

Ethereum’s team of programmers has a series of documents in which they inform users about the most important updates to be made to the digital currency infrastructure, in order to improve the operation of the network and gradually convert it into a platform that best suits the needs of its users.

This represents an important point in comparison to the situation that Bitcoin was presenting, since to make important modifications to its operational components, the approval of at least 85% of the ecosystem mining participants was required, since they would have to carry carry out the installation of the respective changes in your mining devices so that the network can assume the respective change.

Although miners have the opportunity to decide which version they prefer, the advancement of the network is mainly led by the main programmers, who, to cite an example, launched Metropolis (a proposal to improve aspects of the network as the issue of scalability) a couple of years ago, while Bitcoin carried out the installation of SegWit after almost more than two years of heated debates regarding the future of the currency digital.

6. Growing commercial adoption

In recent years, the number of exchange services and companies that have seen Ethereum as a good economic opportunity has grown, as they have sought to incorporate into the digital currency.

What are Smart Contracts? And why they are so important?

Smart contracts are a set of instructions that execute agreements specified by two or more parties, causing a certain action or protocol to be carried out after these conditions are met. That is, when a pre-programmed condition occurs, the smart contract automatically executes the corresponding clause.

These smart contracts “live” in an atmosphere not controlled by any of the parties involved in the contract, in a decentralized system.

Basically, the conditions are programmed, signed by both parties involved and placed on a blockchain so that it cannot be modified. Blockchains, as we know, are shared networks and governed by the consensus of all participants, therefore, it cannot be modified or falsified.

The main objective of these contracts is to implement a higher security status than the traditional contract, reduce costs and reduce the time associated with this type of interaction.

Is now the best time to buy Ethereum?

Considering the current price of Ether, we are facing one of the best times in history to buy as many tokens as we can. If we analyze a chart of ETH / USD in monthly timeframe, we will realize that the price has already fallen everything that had to fall from its maximum price since it was launched to the market and has started a new uptrend that, although it will take time to taking Ethereum to much higher levels could return us up to 100% of our investment in the medium term.

Let’s not forget that Ether was trading at $ 440 for a long time and it’s a solid range for the cryptocurrency, so it’s likely to hit that price again soon. The charts define Ethereum as a great investment opportunity.

Also, remember that there are many cryptocurrencies that have different functionalities and since they belong to the Ethereum blockchain, they can only be acquired by ETH tokens. In short, we are facing the best time to buy Ethereum if we ignore the first year of its launch and its ICO (Initial Coin Offering), obviously.

Is it safe to buy Ethereum in Australia?

It is 100% safe to buy Ethereum from Australia as long as you are registered on the correct platform to do so. It should be noted that although the cryptocurrency boom gave rise to many large exchange companies that carry out very useful procedures, a new class of scammers also appeared, which we must avoid at all costs if we are interested in protecting our money.

However, Australian residents will be able to buy ETH tokens from the local Easy Crypto AU exchange platform, where you can register and verify your account through a KYC process, thus establishing a relationship of trust between the user and the exchange to carry out the desired negotiations.

Easy Crypto has affordable spreads and a very simple process to buy cryptocurrencies (ETH, in this case) with AUD, so it is not necessary to acquire other cryptocurrencies first to make the purchase, although there are also other payment methods in crypto. If you have doubts, the Easy Crypto customer service team will accompany you throughout the process so that you have the best experience buying cryptocurrencies.

The post Is Ethereum A Good Investment? Is It Worth Buying? appeared first on Easy Crypto.

As technology advances, the choice to buy a house with Bitcoin here, in Australia, is possible. It’s already been done in other countries, like Spain, Argentine, and Portugal. Bitcoin (and other cryptocurrencies) can be used to buy many kinds of things. And a house is not an exception.

Although Bitcoin was born as an alternative to an economic system that simply cannot avoid falling into crisis, it has been used as a payment method in different spaces since its first appearance. In its main stage, it was mostly marketed on the deep web for its decentralization and anonymity characteristics, until it was eventually accepted and promoted worldwide.

Currently, retail and institutional investors market products and services with Bitcoin and/or other cryptocurrencies, which has led to the growth of this digital asset. We can use Bitcoin to pay for online purchases, air tickets, health services, cars and of course, houses. To help you with some guidance, here, you can find the list of recommended businesses that accept Bitcoin as a payment method in Australia on our Learn-page.

The advantages of buying things with Bitcoin

The main advantage of purchasing products and services with Bitcoin is that we will get discounts frequently, not to mention that on many occasions we will end up paying fewer thanks to the price of BTC in the market. If we have 10 BTC and each Bitcoin is worth AUD 10,000, we have the token equivalent of AUD 100,000, so if the market drives the price towards AUD 12,000, we would be earning AUD 2,000 per token, leaving us with AUD 20,000 of profit.

However, it is irresponsible to say that we will only experience bullish changes in the price of Bitcoin. The cryptocurrency market is relatively new, which is why it is still volatile and prices fluctuate every day. This can be a problem if we need liquidity in our capital and the BTC price falls since we would be losing its value in fiat currency and we would be spending more tokens than before.

For this reason, it is recommended to have a percentage of the capital in BTC and another in fiat currency (or stablecoins) to protect yourself against these sudden market movements.

Another positive aspect of buying things with Bitcoin is how fast and easy it is, especially if they are items that we buy on the internet. Payments are made only with a multi-signature address that will provide us with the part that receives the money and will have the funds available in your account in approximately 40 minutes, without the possibility of the transaction being returned or reported (as frequently happens in banking institutions.

How to buy a house with Bitcoin in Australia

Logically, the first step to buy a house in Australia with Bitcoin is by acquiring the equivalent in BTC tokens at the real price of the property in AUD. Unless you already have a business with a strong Bitcoin income that you have been saving. Although no property sales have been reported in BTC, this does not mean that an owner cannot decide the payment method for a property that he is selling, which would make the negotiation a little more personal and the terms between both parties (Bitcoin price, BTC address, etc.).

The formalities procedure to define property title and other legal specifications would be carried out in the same way as if it were a traditional property sale. Considering that there are still some limitations regarding Bitcoin’s immense reach, this process should be carried out thoroughly and with the agreement of both parties.

As has been done in countries such as Spain, Argentina and Portugal (countries where the purchase of properties with Bitcoin has become popular), the terms are a reason for negotiation between the buyer and the seller, although the transactions cannot be falsified or cancelled once processed.

How to get started with Bitcoin, before buying a house

The fastest and easiest way to acquire Bitcoin if you do not have experience with large exchange companies and/or do not have someone you know who is willing to trade their tokens is through a local exchange platform.

For Australian residents, Easy Crypto is the best option, since it allows you to acquire/buy Bitcoin or other cryptocurrencies in Australia such as Ethereum, Bitcoin Cash, Cardano, Litecoin, Chainlink and more through a bank wire transfer with AUD. Basically, you are acquiring the cryptocurrencies of your choice as if you were paying for any other online product.

The commission rates are decent and the platform accompanies you throughout the entire purchase process to ensure that your experience is satisfactory. After completing your order, your BTC tokens will be credited to your crypto wallet so that you have them as you wish. It should be noted that for bank transactions the minimum order is AUD 50 and the limit AUD 100,000.

Take a look at Easy Crypto Australia and familiarize yourself with the different options that we have on the platform. Our customer support team will be attentive to answer any questions or walk you through the negotiation process.

How about that? Are you feeling interested in joining Bitcoin revolution? Let’s get started with Easy Crypto today, and buy your house with Bitcoin.

The post Can I Buy A House With Bitcoin in Australia? appeared first on Easy Crypto.

A lot of people have started to use Bitcoin in Australia, and that’s great news. After all, it’s only a matter of time that businesses, companies, and us, the people, must adapt to a better system and technology. Bitcoin, as one of the cryptocurrencies in the world, is helping us with that. Some people buy Bitcoin as a promising investment, some again buy it for updating their payment method.

The problem is, like any new technology in the world before cryptocurrency, there’s still confusion around Bitcoin’s legality, its regulation, and surely, its security. Now to settle those questions, we’ll discuss the answer one by one.

How is Bitcoin regulated in Australia?

Cryptocurrencies have emerged as an alternative way to the traditional financial system, especially after the crisis it had during 2008 when a real estate bubble burst and bankrupt many people, an event that today we know as “The Great Recession“. Although the concept of a decentralized payment network without international borders sounds perfect for the common investor, it is a bit intimidating for the current economic apparatus and fiat currencies.

Blockchain and cryptocurrencies are widely accepted in Australia and unlike the United States government, they have taken a friendlier approach towards them. In fact, there are already a lot of businesses in Australia that accept Bitcoin as a payment method today. While participation in the crypto community is encouraged and developing, the government needs to keep a check to prevent tampering with these digital assets for money laundering, terrorism, or any form of reward for illicit activities.

However, in 2017 the Australian Government declared Bitcoin and other cryptocurrencies legal and recognizes them as property. So cryptocurrency will be taxed now in Australia and citizens will have to report them to Capital Gains Tax (CGT). This means that Australians will be able to freely exchange/buy cryptocurrencies, as long as they report to the tax office.

How is cryptocurrency exchange regulated in Australia?

Logically, exchange companies must follow transparency protocols in order to maintain Bitcoin operations in Australia. The last regulatory measures for cryptocurrency exchange were established in 2018 when AUSTRAC (Australian Transaction Reports and Analysis Center) requested that all exchange platforms operating in Australian territory be registered in its database, to verify users through Know Your Customer procedures ( KYC), maintain a history of the financial activities carried out and comply with the AML / CFT parameters.

Although there are complaints from some sectors of the crypto community, it is necessary to recognize that if anything has changed in regulatory measures in Australia, it is that they are now more flexible (at least since cryptocurrencies had been subject to double taxation), for what we can expect a future with even better laws for cryptocurrency exchange.

How to buy and sell Bitcoin in Australia safely?

Users will be able to buy Bitcoin safely regardless of where it comes from as long as they use a reliable crypto exchange in Australia. There are many exchange platforms to buy BTC tokens, although it is also true that many fraudulent initiatives try to take money from beginning users through scam operations. For this reason, we must first study the company to which we are going to entrust our money.

Making sure that you are using a legitimate platform is not difficult at all, since there are many companies that really provide this service and more. Another detail that should be mentioned is that not all of these sites support any type of fiat currency, which can hinder the purchase process with currencies like AUD. Same goes for selling Bitcoin in Australia.

In this case, the best option to buy Bitcoin in Australia would be to use a local exchange platform with good user policies and low rates, such as Easy Crypto Australia (AU), where you can acquire BTC tokens through direct purchase with AUD (or other cryptocurrencies) and save them in its wallet section. You can pay with bank transfers or the instant payment methods provided by the platform. Orders are processed in less than 2 minutes and the tokens will be credited to your account.

Upon receiving your BTC you can use them to take advantage of price variations, hold them (save them as a long-term investment) or trade if you have that type of experience.

Will Bitcoin ever be classified as illegal?

As the years go by cryptocurrencies such as Bitcoin gain even more prominence as a financial solution for people who know how to put it to better use. When Bitcoin first appeared it had something of a “taboo” around it for its anonymity and decentralization features, which allowed many users to use it for illegal purposes. An example of this is trading with Bitcoin that was established on the Silk Road, a deep web black market, where BTC first boomed.

However, the authorities caught wind of this and began taking steps to prevent users from engaging in these activities using cryptocurrency technology. Eventually, Bitcoin would be incorporated into society as more than just a currency to purchase things anonymously.

Currently, there are multiple businesses that accept Bitcoin in Australia and it can be used to buy air tickets, electronic, cars, tickets to events, clothing, doctor’s consultations and basically anything else that you can buy with fiat currency. This speaks to a giant margin of adoption around this digital asset.

If we analyze the level of progress and acceptance that we have seen in Bitcoin for 10 years (considering that the rate of adoption increases every year), we can deduce that in the near future we will be able to use this cryptocurrency for many other purposes and see it become a refuge to protect the capital of millions of people, as it has already been doing.

Knowing Bitcoin is legal in Australia, is it worth the investment?

If the world’s first countries have already classified Bitcoin as “legal”, it is difficult to imagine that they will reverse the decision and make it illegal, especially once it has been integrated into our economic system and BTC transactions are as common as fiat.

Another important aspect of saving BTC tokens in the long term is the potential gains that you can get without doing anything. This cryptocurrency was created with deflationary technology, which means that instead of losing its value over time, it will increase.

The Bitcoin network undergoes a process called “Halving”, where the mining reward is halved every 4 years. This makes the demand for BTC higher and the supply lower, periodically increasing the price of that currency. The highest peak of the Bitcoin price took place in December 2017, in a bull run that exceeded $ 20,000 USD.

If we think about the fact that we have just experienced another halving and there are many more to come, it is worth taking advantage of that Bitcoin is totally legal and saving some tokens, even if it is little by little.

Now that you finally know and sure about the legality of Bitcoin in Australia, how do you feel about trying it? Do not hesitate to Easy Crypto team if you want to buy Bitcoin in Australia legally.

We are always ready to help.

The post Is Bitcoin Legal in Australia? | Cryptocurrency Regulations appeared first on Easy Crypto.

UNUS SED LEO was just added to BitFinex on May 20, 2019. It was founded as part of iFinex, to extend the capabilities of its platform and services. The technology is based on the Ethereum network, which means UNUS SED LEO is also an example of ERC20 tokens. And like many other cryptocurrencies, it has a goal to become a digital form of value too.

According to Coin Market Cap, UNUS SED LEO has a current supply of 999,498,892. Its last known price is at $1.24 USD and is up 4.31% over the day this article was being written. It is thriving pretty well in the market, and there’s no reason not to try it.

But first, here’s everything you need to know about UNUS SED LEO.

Now that you finally know everything about UNUS SED LEO, how do you feel about trying it? Do not hesitate to contact Easy Crypto team if you want to buy UNUS SED LEO in Australia.

We are always ready to help.

The post What Is UNUS SED LEO: Where & How to Buy LEO in Australia appeared first on Easy Crypto.

To buy Tron (TRX) in Australia is a promising investment. It is a blockchain that aims to be a platform for creative people, such as artists, writers, illustrators, film-makers, and musicians to release their work without having to go through Amazon, YouTube, Apple, or Facebook anymore. This new cryptocurrency was created to challenge the world’s leading platform for global entertainment.

Similar to any other new technologies around the world, a lot of people still find Tron coin is confusing. Yet, its development since 2017 is thriving well between the other cryptocurrencies. It has the potential to challenge the number of people who buy Ethereum or other cryptocurrencies in Australia

How so?

Here’s everything you need to know about Tron (TRX) in Australia.

Now that you finally know everything about Tron, how do you feel about trying it? Do not hesitate to contact Easy Crypto team if you want to buy Tron in Australia.

We are always ready to help.

The post What Is Tron: Where and How to Buy Tron in Australia appeared first on Easy Crypto.

Monero is starting to get popular in Australia. It is a quite unique altcoin and slightly different from other cryptocurrencies, notably when compared to the characteristics of Bitcoin.

Launched in April 2014, Monero now is being considered as one of the best cryptocurrencies in the world today. This could have happened due to its anonymity characteristics and its modern technology. It allows you to send any amount of this cryptocurrency without being visible to any other user.

How is that possible? And is it a good thing? Let’s answer your questions and delve deeper into the crypto called Monero.

Now that you finally know everything about Monero, how do you feel about trying to invest in it? Do not hesitate to contact Easy Crypto team if you want to buy Monero in Australia.

We are always ready to help.

The post What Is Monero: Where and How to Buy Monero in Australia appeared first on Easy Crypto.

This article will outline the following for you:

1. Buy Cardano in Australia quickly with Easy Crypto

2. What is Cardano (ADA)?

3. What is the best wallet for ADA?

4. Other considerations when buying Cardano in Australia

5. Cardano ADA – Frequently Asked Questions

1. How to buy Cardano in Australia with Easy Crypto

Follow these simple steps to see how simple it is to buy Cardano in Australia with Easy Crypto.

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Now just log in like you would with your normal online banking, and you can instantly buy ADA!

2. What is Cardano?

If you buy Cardano in Australia you will be joining an enthusiastic group, as ADA is popular amongst the Australian Cryptocurrency Community. 

The ADA cryptocurrency is described as digital cash, with a strong focus on speed and being future proof.  What sets Cardano apart is its vision to be ‘more’ than a digital currency with the ability to create digital platforms that run financial apps for use by individuals, business and Government.

Through the use of a flexible, layered system, the Cardano ecosystem allows for smart contracts to be implemented.  These smart contracts are digital legal agreements that can be integrated with the ADA cryptocurrency for settlement.  Cardano also has the ability to run decentralised applications (Dapps), similar to Ethereum.

ADA is not only popular in Australia.  Due to the companies management having a solid track record, the speed of the crypto, its ambitious future plans and high volume; it is usually amongst the top 10 cryptocurrencies in terms of volume world wide.

Cardano advantages include: 

• Fast transactions (over 250 tx per second)
• Cheap transactions (around 0.15 ADA to send or 2 Australian Cents)

Cardano disadvantages include:

• Competing in a similar space to other established cryptocurrencies

3. Which Wallet should I use to store my Cardano? 

There are a multitude of wallet options for Cardano in Australia. These include desktop wallets, mobile wallets and hardware wallets. Further info: Guide to Cryptocurrency Wallets in Australia

Desktop Wallets 

Daedalus Wallet

The Daedalus wallet is the official ADA wallet from Cardano.  This is a full node wallet, meaning it is highly secure and is backed by the team that has developed ADA.  Daedalus includes an app store with external community applications and support for a multitude of other cryptocurrencies.

Exodus 

One of the more popular ways to store ADA is to use the multi-currency desktop (and mobile) application: Exodus.  Exodus harbours the ability to hold ADA as well as most popular cryptocurrency and crypto assets found on coinmarketcap.com.

Exodus is easy to learn and has features for both newcomers and veterans alike.

Exodus includes the following features:

• A portfolio tracker
• Around the clock user support
• A sync-able mobile wallet if required
• Advanced security options including the ability to integrate with a hardware wallet

Exodus is available on Desktop, iOS and Android phones and devices.

Mobile Wallets 

Guarda Wallet

The Guarda Wallet is available on Android devices only at this stagee. When buying Cardano in Australia, it is easy to send it to Guarda wallet, which will allow you control and access to ADA crypto anywhere in Australia. Guarda also has a Desktop option.

Guarda supports ADA as well as 45+ other cryptocurrencies. It offers a user-friendly experience, custodial free (meaning you are in full control of your assets), with secure, localised private key creation.  For advanced users, or the security conscious, Guarda can be integrated with the hardware wallet: ledger nano s.

Hardware Wallet

Modern Australia is a high target for international scammers, therefore using a hardware wallet is highly recommended if purchasing significant (however you personally assess that) amounts of crypto.

As you are probably aware of by now, when purchasing any crypto, such as ADA, the onus is completely on you to securely store it.  Security needs to be your highest consideration, and by using a Hardware wallet, you are significantly increasing your security level.  This is due to the face that a hardware wallet keeps your private keys (the key needed to spend your crypto) offline.

Australian’s mainly opt for two devices, the Ledger Nano or Trezor Wallet (pictured).

At first you may not need a hardware wallet when dabbling with smaller amounts of crypto.  However, when you begin to invest in larger amounts, for your peace of mind, you should consider storing your ADA with a hardware wallet.

There are numerous options for Australian’s, including the popular Trezor Model T and Ledger Nano S or Nano X.  For beginners, the Trezor is a great choice, with its touch screen, good user interface and robust design.  Both wallets support multiple currencies and are a good choice to get your keys offline.  Other options include a keepkey, or even using a paper wallet.

4. Other considerations when you buy ADA in Australia 

Tax 

When buying Cardano in Australia, we recommend you are across any potential tax obligations that may be applicable for your investment.  There are specialised accountants, with a background in Cryptocurrency taxation law that are the best port of call if you require advice (Darcy Financial). 

Head over to the ATO’s official page here, to learn more about digital assets and how they are taxed as this may affect the way you invest. In general, digital currency investment can incur Capital Gains Tax (CGT).  So if you make a profit, you will have to pay CGT.  However, depending on the time period you hold your investment, you may be eligible for a discount.  On the contrary, you can also claim losses if the market turns against you

5. Cardano FAQ’s

Q. What date was ADA created?

A. Cardano was created and launched in 2015.

Q. How much is the ADA total supply?

A. Ada has a maximum supply of 45 billion Coins.

Q. What is the main difference between Cardano (ADA) and Ethereum (ETH)?

A. Cardano and Ethereum are similar in a lot of aspects.  However, ADA differs in that it has a focus on security, in built regulation, as well as being faster than ETH.  Ethereum has a lot of development in the works around speed and its change in proof of work.  Currently Ethereum is the most popular smart contract platform by far.  It will be interesting to see how this plays out.

Q. Did Cardano have an ICO?

A. Yes, Cardano raised $62 million USD.

Interested in comparing to ETH in Australia?  Our Ethereum guide is located here.

The post Buy Cardano (ADA) in Australia – A how to guide appeared first on Easy Crypto.