An easy and convenient way to choose an exchanger without wasting your nerves – it’s BestChange monitoring

[BestChange]

Hello there, all forum users!

Whether you are an experienced e-currency trader, or a newcomer to this exciting form of investing, there is one important principle that you must always keep in mind: there’s no use making trades unless you have found the best possible exchange rate.

If you exchange your e-currencies at rates that are inferior, you are quite simply giving money away. All successful operators in this market understand the value of always finding – and taking advantage of – the best available rates.
But then the problem obviously becomes how to find the best rates without spending all your time looking for them? The internet is full of e-currency exchange services. How are you supposed to check them all in order to find the best terms for your trade?

Fortunately, help is at hand. Here at www.BestChange.com we save you time and money by bringing you the best available rates for e-currency trading in no time at all! We have been operating in this market since 2007, providing millions of users with valuable assistance.

How can our service offering here at BestChange.com help you in particular?

• We show you the best exchange service with the best rates for your desired trade in just a few minutes.
• BestChange.com also keeps you updated with all the most important movements in the marketplace. We always have up-to-date exchange rates for e-currency pairs.
• We give you the most favorable trades, with the most dependable exchange services. But that’s not all. We also provide you with a wealth of additional information. This includes thorough reviews about exchange services.
• We will always be able to offer informed guidance. Over the course of many years, we have amassed a lot of expertise about e-currency exchanges. Just ask us – we will do what we can to help.

Through us, you gain access to all the different e-currency exchange pairs it is possible to trade in. You just click on the e-currency you would like to change from in the left column, then pick the e-currency you’d like to exchange into on the right column. You’ll immediately get up-to-date quotes in terms of conversation rates. Then simply pick the best one.

BestChange.com is your time and money saving device. But it is more too. It is your best way to find a dependable and safe exchange service too. By selecting your e-currency exchange service through us, you make sure to minimize risk. Only safe and fully vetted companies are added to our lists.

 

[BestChange]

All of us heard many times that cryptocurrencies are only good for trading in the darknet and for laundering money. We sometimes even get requests from journalists to give comments on such questions about illegal deals with cryptocurrencies.

But let’s sort out, can bitcoin be really used for money laundering?

I think there is no need to explain what money laundering is about – it is done to give criminal money legal status and to “cover the tracks”.

Cryptocurrency sphere with its decentralization, anonymity and almost instant transactions may seem to have become the favorite place for all kinds of financial fraudsters. But there are a few problems with that.

1. Volatility of most cryptocurrencies Although for traders constant price surges serve as a great opportunity to profit, for people using digital currencies as a medium, a fall by 10-20 per cent can be a very serious risk.

2. Difficulty of converting cryptocurrencies into fiat currencies. More and more often the exchangers and exchange markets follow the principles of KYC, CFT and AML. Cryptocurrencies still have a half-legal status in most countries. If a considerable amount of money is transferred into cryptocurrencies, after all the stages of laundering, these cryptocurrencies will need to be transferred back into cash money. That’s how, ironically, half-legal status of cryptocurrencies protects them from criminal activity.

3. The majority of digital currencies are not at all anonymous. All transactions made in blockchain are reflected in a public ledger, where everybody can track from which account the transaction was made, how much money was transferred, and by which account it was received. No, these accounts are not connected to names and surnames, but these are easily trackable by IP. There is a limited number of currencies the main task of which is totally anonymity of transactions (Monero, Zcash, Verge and others). But the result of this anonymity is, as a rule, longer time of transaction and its higher price, and difficulty of conversion due to lower liquidity.

It cannot be absolutely excluded that bitcoin might be used in illegal deals, as any currency in the world, in cash or in a cashless way. But incredibly much more often it is the cash, in particular, dollars, which is used when financing terrorism of laundering money, but the very thought of banning cash sounds absurd.

Notwithstanding all the novelty that comes with cryptocurrencies, the most anonymous and safe way of transaction is giving money from hand to hand. That is why the majority of illegal deals are done with the use of cash. As before, using cash remains more anonymous and complicated for tracking than most of cryptocurrencies.

And what do you think? Do you believe that cryptocurrency is only good for illegal deals?

 

[BestChange]

What did people use for trading before money was invented? Find out how the first coins were created, why paper money was first introduced and all the discoveries and social changes that led to our current monetary system.

Before money people used bartered goods as payment; for example, animal hides and teeth. Livestock was the most valuable commodity. Shells were also used; snail shells were very popular in China. Other goods used for payment were tools, beads, salt, crops, weapons and tobacco.

The first standardized coins were created in what is now western Turkey by King Alyattes around 7th century B.C. They were made of electrum, a naturally occurring amalgam of gold and silver. In Rome, coins were minted near the temple of the goddess Juno Moneta, which gave us the words "mint" and "money". Offa, an Anglo-Saxon king, introduced the first English coin known as the penny around 790 A.D. Because of a copper shortage, China introduced the world’s first paper money in the 9th century - 700 years before Europe did so. In the 1500s the St. Joachimsthal mine in what is now the Czech Republic introduced large silver coins called thaler. The Spanish version of the thaler became the first worldwide currency. The English called it the dollar, and the U.S. dollar was based on it.

Modern Money. The first U.S. government-backed paper bills were introduced during the Civil War. The term "greenback" comes from the intricate designs on these bills, meant to prevent counterfeiting. The largest bill in history was the 1946 Hungarian 100 million Pengo; the name was spelled out on the bills since so many zeroes couldn’t fit on the banknote, but it was only worth $0.25! The $100,000 1934 Gold Certificate was the largest bill ever made in the U.S. It was used for Federal Reserve transactions and not released to the public. The largest coin ever minted was in Australia in 2011 weighs about a ton. A U.S. nickel weighs just 5 grams—roughly as much as a hummingbird. As of 2018, there are 180 different currencies used around the world.

Bitcoin, invented in 2009 by the pseudonymous Satoshi Nakamoto, became the gold standard--so to speak--for virtual currencies. Virtual currencies have no physical coinage. The appeal of virtual currency is it offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies.

Despite many advances, money still has a very real and permanent effect on how we do business today.