Since the inception of bitcoin, it has evolved immensely and continues to do so. Bitcoin was conceived back in 2009 by an unknown person or a group of people knowns as Satoshi Nakamoto. One of the main questions that people ask when they hear about bitcoin is that how and where they can buy it.
Gift Card as a payment method
Over the last few years, gift cards have emerged as a popular payment method all around the world. These gift cards can be redeemed for various services, including the purchase of the leading cryptocurrency, bitcoin. You can trade gift cards that are sold by major companies such as Amazon and iTunes on peer to peer exchanges for bitcoins and other cryptocurrencies. You can then trade your cryptocurrency on the bitcoin hero platform.
Note: There are over tons of companies that offer retail gift cards.
Where to buy bitcoin with gift cards?
There are several platforms where you can trade your gift cards for bitcoin. The most popular platforms include LocalBitcoins and Paxful. Paxful is not available in all countries, so you need to check local regulations about gift cards and bitcoins before making any decision. Peer to peer platform is ideal to trade your gift cards for bitcoins as these platforms provide anonymity to your transactions.
Note: Peer-to-peer platforms act as a market place for buyers and sellers.
How to buy bitcoin with gift cards?
The first step you need to take in order to buy bitcoin using a gift card is to sign up on LocalBitcoins or Paxful. Creating an account on any of these platforms is quite easy and does not require an elaborate KYC process for small trades. After signing up on any of these platforms, you can scroll through different offers made by sellers in your place. The next part is selecting the best offer from a verified user on the platform.
It is important to note that, being a decentralized and peer-to-peer platform, you need to filter out scammers. Successful bitcoin traders always trade with a varified user who has a trustworthy history on the platform.
Bitcoin was named as the most valuable investment of the last decade. Getting started with bitcoin trading can be a bit intimidating, and that is why buying bitcoins using gift cards can help you understand the basics of crypto trading. Gift cards have emerged as a popular payment method over the years as they can be personalized to users’ needs.
Digital Payment Solution Utrust to Hold Exclusive Listing Sale on ProBit Exchange
Following the success of the ProBit Exclusive Lite debut for Travala and its token AVA spiking over 260% from the discounted Exclusive price, ProBit Exchange has rolled out details on the follow up to their exclusive listing platform for Utrust (UTK).
Starting on September 28, 2020, at 11:00 KST, participants holding ProBit Exchange’s native token PROB will be able to subscribe to UTK with 50% discounts offered during the exclusive 24-hour sale.
A minimum of 500 PROB is also required to join and all participants can increase their purchasing power to a maximum of 6,000 USDT in UTK by increasing their PROB stakes.
Utrust is a firmly established presence in the digital payment sector, having already secured significant partnerships with brands such as Travala, allowing for travelers to pay for reservations and other travel resources across its vast travel service ecosystem.
With UTK already trading on the exchange’s fluid KRW markets, additional trading pairs of UTK/USDT and UTK/BTC will also be added September 25 at 17:00 KST to avail access to additional liquidity for traders.
Both ProBit Exclusive and ProBit Exclusive Lite showcase many premier tokens such as those already listed on ProBit Exchange as well as those looking to launch on their secondary markets. The Exclusive features provide ample opportunities for newer token investors to get their hands on some of the top tokens around at generous discounts as ProBit Exchange continues onboarding prospective teams for these coveted spots.
The Utrust platform allows merchants to accept digital currencies as a means of payment. It aims to bring digital currencies to mainstream consumers while providing the buyer protection and credibility of traditional payment platforms. With plugins and an API for merchants and UX for buyers. Utrust stands at the intersection of e-commerce, mobile payments, and cryptocurrency.
ABOUT PROBIT EXCHANGE
ProBit Exchange is a global Top 20 crypto exchange in real daily trading volume that has successfully completed over 200 rounds of IEO. ProBit Exchange also features over 800 trading pairs – one of the highest in the market.
ProBit Exchange Key Figures
100,000+ community members
800,000+ monthly active users
2,500,000 monthly web visitors
40,000,000 users on partnering aggregators and wallets such as CoinMarketCap
Global outreach in 8 key languages & markets provided
Multilingual website supporting 40 different languages
Join our active programs and get a multitude of benefits!
4. Referral Program: Earn 10-30% of trading fees for referring friends to ProBit
ProBit Global: www.probit.com
ProBit Korea: www.probit.kr
ProBit Telegram: https://t.me/ProbitEnglish
Bitcoin Is REALLY Worth $15,000 Based On This Key Adoption Metric
The bitcoin price has ballooned 40% on a year-to-date basis. The OG cryptocurrency has performed particularly well amid the pandemic partly because it acts as a reliable store of value like gold.
However, BTC is desperately clinging to the $10K level at the moment. But according to one bullish analyst, the cryptocurrency is undervalued by an insane margin.
Mike McGlone, Bloomberg’s senior commodity strategist, believes bitcoin’s fair value is $15,000 which the asset fails to reflect. Based on a key adoption metric, BTC is presently trading at roughly 50% below its fair market value.
Bitcoin Price Is Massively Undervalued
At the current price of $10,642.12, bitcoin still has a long way to go to reach its fair value.
In a recent report by Bloomberg, analyst Mike McGlone indicated that bitcoin has more runaway for gains. McGlone based his analysis on the historic highs in bitcoin’s hashing power, and most importantly, bitcoin addresses. Based on the 30-day average of BTC’s addresses, in particular, bitcoin should be worth around $15,000.
“The Bitcoin hash rate continues to increase and recently reached new highs. Also advancing are addresses used. A top metric for adoption, the 30-day average of Bitcoin addresses is equivalent to the price closer to $15,000 when measured on an autoscale basis since 2017.”
A Strong Argument For A Sustained Bitcoin Bull Run
The important thing to remember is that, even with the latest pullback, bitcoin’s fundamentals remain stronger than ever. In fact, according to on-chain analyst Willy Woo, the market correction caught most BTC investors with their pants down as there wasn’t the usual on-chain activity that precedes a sell-off. He cites the correlation to stocks as the reason why BTC suddenly took a tumble.
While a deeper pullback in the stock markets could pull the price of bitcoin down in the near-term, the crypto-asset is bound to soon decouple from the legacy markets owing to its bullish fundamentals as an inflation hedge, Woo posited.
Moreover, McGlone, who has remained a bitcoin diehard despite the flagship crypto’s wild rollercoaster ride, suggests that the price of bitcoin will continue increasing in the foreseeable future.
“Our graphic depicts primary on-chain metrics that would need to reverse for Bitcoin to not keep appreciating in price — the hash rate and active addresses.”
Looking ahead to the rest of the year, the robust fundamentals could be the variable that helps kickstart the next bull market — despite bitcoin currently being deep in the bear territory.
Gemini Crypto Exchange Gains FCA Approval To Expand Into The U.K.
Crypto exchange Gemini, founded by Tyler and Cameroon Winklevoss, is expanding its footprint into the United Kingdom after receiving approval from the Financial Conduct Authority (FCA).
According to an official blog post on Sept.24, the New York-based firm was granted an Electronic Money Institution (EMI) license by the financial watchdog. This means that Gemini can now conduct crypto operations in the UK as a regulated entity.
Gemini Opens Its Doors To UK Crypto Investors
Gemini’s approval by the FCA indicates its intention to provide crypto services to the masses. The exchange will allow both retail and institutional investors to trade and invest in cryptocurrencies. Gemini has added support for pounds sterling (GBP) as a funding currency to give UK customers “a more local experience”.
In addition, UK users will be able to seamlessly fund their accounts via SWIFT wire transfers, Faster Payments, and CHAPS. This will ensure that they do not incur additional foreign exchange charges.
Besides the EMI license, Gemini has also been approved as part of FCA’s Fifth Money Laundering Directive (5MLD) crypto-asset registration process. This approval means that the exchange will have to be compliant with all anti-money laundering and counter-terrorism laws and policies that the FCA has put in place to protect consumers.
Gemini’s Move Into UK Is A Stepping Stone To Global Expansion
Gemini’s move into the UK is part of its global expansion strategy. The exchange’s CEO Tyler Winklevoss said in a statement:
“Going live with our full services available in GBP in the UK is another exciting step forward in Gemini’s international expansion, advancing our mission to empower individuals and organizations around the world through crypto.“
Tyler further noted that providing crypto services in the UK is a huge feat for Gemini.
“The UK is a global center of financial innovation with a stringent and progressive regulatory regime. We’re proud to help usher the crypto revolution into this historic market and become a part of its rich tradition. We look forward to welcoming consumers and institutional customers to our platform.”
Gemini is currently ranked as the 67th-biggest crypto spot exchange in the world by CoinMarketCap. Back home in the United States, Gemini is competing with leading exchange Coinbase. Right now, the exchange will also have to face off other FCA-approved exchanges in the new British market.
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