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Forex Trading in Kenya.
Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while. FIRST OF ALL, who am I..? I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since. I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass. What the fuck is forex and forex trading. In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend. These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell) Is forex trading illegal in Kenya? Is it a scam? Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019) Have there been scams involving forex in Kenya? Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable. However, by the end of this post, I hope you won’t fall for such silliness. What next how do I make it work..? Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that. The second route is more practical, structured and smarter. First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car. Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored. The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you. Here are some nice YouTube channels to watch. These guys are legit..
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off. How long will it take until things start making sense Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee. Social media, Mentality, Psychology and Books Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed. Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you. Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch. Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn. This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts. Brokers You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it. Money transfer. All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.) How much money can I make..? I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make. How much money do I need to start with..? Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds. Taxes..? Talk to a lawyer or an accountant. I am neither. Family? Friends? Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it. The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together. Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job. And now it is 5am, fuck. This is oversimplified and leaves out many many aspects. Happy to answer any questions.
How to purchase and exchange your litecoin! (longer read)
This post will show you the best ways to buy litecoins using many different payment methods and exchanges for each method. Before you start, make sure you have a good litecoin wallet to store your LTC. NEVER store your litecoins on a crypto exchange.
Start trading fast; high limits
Easy way for newcomers to get bitcoins
Your capital is at risk.
High liquidity and buying limits
Easy way for newcomers to get bitcoins
“Instant Buy” option available with debit card
Works in almost all countries
Highest limits for buying bitcoins with a credit card
Reliable and trusted broker
Buy Litecoin with Credit Card or Debit Card
Let’s dive into some of the exchanges supporting Litecoin credit card purchases. These exchanges are our favorite ways to buy.
Coinbase is the easiest way to buy litecoins with a credit card. Coinbase is available in the United States, Canada, Europe, UK, Singapore, and Australia. The fees will come out to 3.99% per purchase. Here is a good video that can help walk you through the process of buying on Coinbase, although it’s fairly easy.
Coinmama recently added the ability to buy litecoin directly on the platform. Users from nearly any country in the world can use Coinmama to buy litecoins. Coinmama has some of the highest limits among credit card exchanges.
BitPanda is based in Austria and is a crypto brokerage service. You can buy using a credit card from most European countries.
CEX.io is based in the UK and is one of the oldest crypto exchanges online. CEX.io supports litecoin and its users from nearly anywhere in the world can buy litecoin with credit card on the platform.
Buy Litecoin with Bank Account or Bank Transfer
Coinbase is the easiest way to buy litecoins with a bank account or transfer. Coinbase, like is is for credit cards, is available in the United States, Canada, Europe, UK, Singapore, and Australia. Coinbase is one of primary exchanges used to buy Litecoins. Americans can use ACH transfer (5–7 days wait), and Europeans can use SEPA transfer (1–3 days wait). The fees will come out to 1.49% per purchase.
BitPanda is based in Austria and is a crypto brokerage service. You can buy using SEPA transfer from most European countries. You can also use SOFORT, NETELLER, or GiroPay.
CEX.io also supports litecoin buys via bank account. This is via wire transfer for US citizens, SEPA for Europe, and SWIFT for the rest of the globe.
Binance is now one of the largest if not the largest cryptocurrency exchange in the world. It supports bank and card purchases of Litecoin as well as Litecoin trading pairs with Bitcoin and Etehreum.
Get a Litecoin Wallet
Before we move onto other options: Never store your litecoins on an exchange! Always withdrawal your litecoin to an offline cryptocurrency wallet like the Ledger Nano S or any other wallet that you control. The Ledger Nano S and TREZOR are the best options for secure storage.
Other Methods to Buy Litecoin
If you don’t have a card or want to avoid the high fees, you can use the following methods to buy Litecoin as well. Find out which one works best for you.
Buy Litecoin with PayPal
Unfortunately, there is no easy way to buy Litecoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case. You can, however, now use eToro to buy Litecoin, unless you live in the United States. If you live in the US, the only way to buy Litecoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litecoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Coinbase Pro to swap the Bitcoin for Litecoin.
Buy Litecoin with Cash
There is no good way to buy litecoins with cash. LocalBitcoins is the most popular way to buy bitcoins with cash, and it does not have Litecoin support. Other popular cash to Bitcoin exchanges like BitQuick and Wall of Coins also do not support LTC. So you will have to first buy bitcoins with cash then exchange them for LTC using the method described below. The same goes for Bitcoin ATMs. Most do not support Litecoin. So if you want to buy litecoins at a Bitcoin ATM you first have to buy bitcoins and then trade the BTC for litecoins.
Buy Litecoin with Bitcoin
If you already have Bitcoins then it is VERY simple to convert some of your BTC to litecoins. You just need to find an exchange with the LTC/BTC pair, which is most exchanges since LTC/BTC is a very popular pair to trade.
Buy Litecoin with Skrill
BitPanda, mentioned above, also accepts Skrill payments for LTC. The fees will vary and are simply included in your buy price.
Cryptmixer is probably the fastest way to convert BTC to Litecoin. You just enter the amount of LTC you want to buy, and give them a LTC address. Then they will tell you how much BTC to send to their address. Once your BTC is sent, you will have LTC delivered to your wallet very shortly after.
Buy Litecoin with Ethereum
Ethereum has experienced a massive price rise. Nearly a year ago it was $10, and now at over $500, many want to move some of their ETH gains into other coins like Litecoin. Litecoin has very good liquidity, and is very popular among traders especially in China. So this guide is going to show you how to buy litecoins with Ethereum. We will show some of the best exchanges you can use, and the pros and cons of using different types of exchanges over the other.
Cryptmixer is one of the most unique exchanges, and also one of the fastest ways to convert your ETH to LTC. With Cryptmixer you do not even need to store your money with the exchange, meaning you are at very little risk of getting your funds stolen. With Cryptmixer you simply specify the amount of LTC you want to buy, and specific the address to where your litecoins should be sent and within 30 minutes you will have LTC delivered to your wallet.
Poloniex is the world’s largest altcoin exchange. However, there is a huge downside to using Poloniex to convert your ETH to LTC: Poloniex does not have a LTC/ETH market, meaning you have to first trade your ETH to BTC, and then trade your BTC for LTC. While this method works, you will have to make multiple trades and also pay fees twice.
Shapeshift is basically the same as Cryptmixer, and was actually the first company to come up with the concept of an exchange that does not hold your own funds.
Frequently Asked Questions About Buying Litecoin
Many of you may still have lots of questions about how to buy Litecoin. Odds are we have answered almost any question you could think of below. We will aim to answer many of the most common questions relating to buying Litecoin.
Why are there limited options to buying Litecoin using other altcoins?
The issue in all crypto markets is liquidity. As the space gets bigger, the liquidity also gets better. But as of now, the only VERY liquid cryptocurrency is Bitcoin. So exchanging two altcoins between each other is often harder than if BTC was involved on one side of the trade.
How much is a Litecoin worth?
Like all currencies, the value of Litecoin changes every second. The value of Litecoin also depends on the country you are in and the exchange you are trading on. You can find the most up to date price on Coinbase.
How do I buy Ripple (XRP) with Litecoin?
The best way to buy Ripple using Litecoin is to either use a non KYC exchange like Cryptmixer or start an account on Binance or Coinbase Pro and sell your Litecoin for Ripple. Look for LTC/XRP trading pairs, and make your trade.
How long does Litecoin take to confirm?
Litecoin blocks are added ever 2 and a half minutes. That means you should get one confirmation every two and a half minutes. This can vary if it takes miners longer to discover a block, but the difficulty of the finding a block should change proportionate to the hashing power on the network so that a block gets added approximately every 2.5 minutes. If you are trying to send money to a merchant, they may require more than one confirmation before they send you products. If you are depositing on an exchange, they may also require three or more confirmations before they credit your account.
How many Litoshis make one Litecoin?
one hundred million (100,000,000) Litoshis make one (1) Litecoin.
Where do I store Litecoin?
The best place to store litecoin is on a hardware wallet. You can find the best one for you on our page dedicated to hardware wallets.
When is the Litecoin halving?
The expected date of the next Litecoin block reward halving is August 7th, 2023.
Why can litecoin take so long to buy?
Litecoin can take long to buy because the legacy banking system is very slow. If you are buying with another cryptocurrency, you will see how fast it is to buy! Bank transfer in the USA, for example, take about 5 days to complete. So any purchase of Litecoin made with a US bank transfer will take a minimum of 5 days.
How do I buy Litecoin with Paypal?
Unfortunately, there is no easy way to buy Litcoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case. You can, however, now use eToro to buy Litcoineum, unless you live in the United States. If you live in the US, the only way to buy Litcoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litcoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Cryptmixer to swap the Bitcoin for Litcoin.
Can you buy partial litecoins?
Yes, litecoin, like Bitcoin, is divisible to many decimal places so you can buy 0.1 LTC, 0.001 LTC, etc.
Can you sell litecoin?
Yes, you can sell LTC on most of the exchanges mentioned above. The fees, speed, and privacy is the same in most cases.
Can anyone buy litecoins?
Anyone is free to buy litecoins, as long as you find an exchange that supports your country. Most cryptocurrency wallets do not require ID to sign up so you can always make a wallet and get paid in litecoin, too.
Which payment method is best to use?
For speed, credit card will likely be fastest. For larger amounts, bank transfer is best. For privacy, it’s best to buy bitcoins with cash and then trade for litecoins using Cryptmixer or Shapeshift.
Is it better to mine or buy litecoins?
If you have cheap electricity, it might be worth it to mine litecoins. If you have solar power or just want to mine for fun then it could be worth it. Otherwise, it’s probably better just to buy. Mining is constantly changing and small changes in Litecoin price or electricity can greatly affect your profitability.
What should I do with my litecoins once I buy?
You should immediately move your litecoins into a secure wallet. You should never leave your litecoins on an exchange. There have been countless hacks in cryptocurrency since Bitcoin was created in 2009. Hundreds of thousands of people have lost money. So buy your litecoins, and then instantly send them into a wallet you control so you are not at risk of losing money to a hack or scam.
The offshore broker 10CFDS is situated in Belize. It provides many trading instruments, consist of more than forty FX pairs and binary CFDs. The leverage is up to 1:200 and is provided on a web-based trading terminal. However, it's regulatory and license status is not at all promising. If any of you are willing to trade with it, make sure to read this 10CFDS review first.
The broker 10CFDS provides all sorts of trading instruments. It involves forty-six FX pairs viz SD/HKD, USD/MXN, USD/CZK, USD/RUB, USD/SEK, USD/NOK, USD/SGD, USD/PLN, USD/ZAR, USD/TRY, and USD/DKK. It also provides CFDs on natural resources, the farm produces, twenty-four indexes, shares, and cryptocurrencies. The leverage offered by this broker is 1:200. Many Markets Authority has decided to allow the maximum leverage of 1:30. The broker's offerings miss on the regulator’s directives. The payment can be made by cards, wire transfer, PaySafeCard, Neteller, Skrill, and Western Union. Unfortunately, the broker does not accept payment via bitcoins. To start trading with 10CFDS traders are required to deposit $250 only. This requirement is acceptable but several regulated brokers in the market accept very low initial deposits. The SPEED SOLUTIONS Ltd is the owner of the 10CFDS trademark and is registered in Belize. The firm claims to be regulated by the local International Financial Services Commission. The client's payments are processed by the Estonian firm named SPEED PAYMENTS OU. The IFSC does not require strict prerequisites to offer regulation. It also loosely oversees such brokers. Hence there is no guarantee for the safety of funds. All reputed regulators have banned controversial trading bonuses but the broker under consideration offers several bonuses. These bonuses are merged with uncontrolled trading practices such as the requirement of the specified trading volume. If these conditions are not fulfilled, the broker can cancel your trading account, locking invested funds. Furthermore, the withdrawal process at 10CFDS may take up to 21 working days to be processed. This time frame is lengthy. Also, the withdrawal is charged with a 3.5% service fee, $ 1.5 is charged as a profit clearance fee, and an additional $ 20 is applicable as a monthly maintenance fee. A regulated broker does not have such practices. The provided spread of 3 pips can be seen on EURUSD FX pair while checking the web-based trading platform. This spread is high and attractive but it raises the cost of trading. For higher profit, tighter spreads are anticipated. The broker claims to offer to trade on the MT platform but in reality, it offers some web-based platform.
Is 10CFDS scam or legit?
The above discussion indicates several flaws of this broker. The regulation of this broker does not cover investment refunds. The broker is also offshore. We are convinced that the broker is hazardous to the trader's fund and can be a forex scam broker. Staying away from this broker is advised.
Got scammed out of 85,000$ selling bitcoins recieving money via Neteller. Please advise on what I can do to stop this insanity.
So i was selling bitcoins on localbitcoins and a guy bought some bitcoins from me. He first bought about 15 bitscoins in two trades via localbitcoins and then got a hold of me on skype and we just did more trades there with him sending first. His Skype name is OncataBTC and he wanted to pay with Neteller saying his company had a merchant account. The company name was Seabrook Ltd. I checked out the homepage and they work with cryptcurrencies so things looked legit. However the transaction was big so before selling to him the next time I contacted Neteller support and asked about his account to make sure it wasnt hacked or anything like that. I had heard stories about poker pros Skrill accounts being hacked and used to buy bitcoins whereafter the money was given back to the hacked account and the person selling the btc was SOL. Neteller support told me they couldnt tell me anything about the other account because of privacy policies. The buyer seemed legit enough. He had a merchant account that could send a lot of money via Neteller without any limit. The first transactions were through a company named Seabrook Ltd. He told me they wanted to buy more bitcoins and I sold some more a few days later. However this time he paid with an account called Selborne Limited. I looked up this company too and asked him why this account was different, he replied some BS answer that Im sure I accepted. Around this time I made a big withdrawal of about 20k USD, however right after this withdrawal Neteller locked my account. This is a normal procedure and happens a lot to Neteller accounts with a lot of sudden traffic. My Neteller account had been inactive for years and now I was using it to sell bitcoins so I didnt think much of this at all, plus I was also making a big withdrawal so I figured this was just standard procedure and didnt think much of it. I started using my 2nd Neteller Third time he contacted me to buy he wanted even more bitcoins. I sold him some more at around 1100$ each, but he 'accidently' sent me 2000$ more than we agreed on. He admited to the mistake but said I could just send him bitcoins for them. Also this time he sent me money from a Neteller account named Bet 365. This raised my suspicions and I immediately thought something fishy was going on. I told him I Couldnt go thru with the 4th trade (he wanted like 50 coins) as I was super suspicious. Either way he stopped contacting me for coins and Neteller wouldnt give me any info about my account being disabled other than they were investigating it. A couple of weeks went by, and finally Neteller sent me this email: *Dear Mr. Amarre, Your NETELLER account has been enabled. We apologize for the inconvenience that may have been caused to you while your account was disabled, and thank you for your patience and cooperation during that time. A reversal has been completed on a recent transfer to your account. We apologize for this unfortunate incident, however the transfer was unauthorized and had to be returned to its origin. Once again, your patience in this matter has been greatly appreciated. Kind regards,* I logged onto my accounts thinking hopefuly just a little bit was taken but logged on and to my horror 85k USD were missing. I contacted them again and said something along the lines of 'WTF?? + some other stuff' about how they were downplaying that I had lost 85k USD from my account. Now Im waiting for them to call me and explain to me what the hell they are doing. I think going to a lawyer would be a good idea as well as the media. I can see headlines like 'Hobbyist gets scammed for 85k USD and Neteller does nothing' Tell me Reddit, WHAT can I do? :-/ Update 1: A friend gave me a different email at Neteller that I could message to talk about this issue. This is the reply that I got; Dear Alex, Thank you for your email. We have escalated this issue on your behalf to the appropriate department. Once the issue has been looked into, you will be contacted by email. If you have any questions or concerns, please feel free to contact us Edit 2: Also Here is the email that I got from Neteller earlier after they unlocked my account and I asked where my funds were: / / We apologize that these reversals have been made. The funds received into your NETELLER account from the merchant have been reversed directly back to the merchant as per their request, therefore they are available in your merchant account. We will call you at an appropriate time in Thailand to discuss details in regards to these disputed transaction. ??? What merchant account?
Cointal, Ripple First Peer to Peer MarketPlace Launched Pre-Signups !!
Cointal is the one website you've been waiting for. So far, we may have seen many Peer-to-Peer Marketplaces, but none concerned themselves with procuring any feature that would reassure all traders at once. First of all, no P2P marketplace has ever proposed more than two cryptocurrencies at once. On Cointal, you can choose the deal that suits you the most and buy/sell the most promising cryptocurrencies so as to exchange it for cash later on. For the moment, Bitcoin (BTC), Ripple (XRP), Ethereum (ETH) and Litecoin (LTC) are already available for traders on the platform. Cointal is aiming to become the first centralized Multi-cryptocurrency P2P Marketplace encompassing all fancied cryptocurrencies. Thanks to their partnership with BitGo Platform, an all-in-one wallet is offered and made available once signed up. More cryptocurrencies will be added. The list will be stretched even more. They're targeting at least 10 different cryptocurrencies to be made available before early-2018. Charging you only 1% fee for selling, Cointal allows you to register and to buy any available cryptocurrency, for free. Also, this marketplace proposes multiple payment methods, for example: (Bank Transfer, Cash in Person, Credit/Debit Card, Gift Cards, Money Gram, Neteller, Paypal, Skrill, Western Union, etc.) Having been scammed for too long, traders are forcibly looking for more security, more payment facilities, smoother transactions, and being able to experience the trade however they feel like without fear. Furthermore, Cointal integrates free insurance for everyone who uses their website. Anyone who suffered from a scam while using Cointal will immediately get a refund. The social aspect plays an integral role for the company. Social features such as Social Chat, private messaging (without opening a trade) will be made available from day one, along with all fashionable social networks, keeping you updated and always in contact with the team. Looking good until now? Well, there's more! Given the fact that Cointal's team regroups many ambitious traders, their first reflex was to get inspired by their predecessors' marketplaces and exchange platforms. Be it design, professionalism, swiftness or promptness, Cointal has a major concern: to have all of the above incorporated in one single place. All business endeavors are fully secure and compatible with any platform. Be it phone, tablet or computer, Cointal provides a service that includes: - Escrow (financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction) + Feed-back system (for a better experience). - No deposit or withdrawal limits for all the cryptocurrencies. - A multi-secure wallet provided by BitGo Instant (allows on-chain, zero confirm and instant transactions between participants). - A complete support platform (Live Chat, phone number, support tickets). - An awesome affiliate program (Users earn a percentage on each transaction made by their referrals.). - Anti-hacking platform (DDoS, Phishing, hacking and social frauds, etc.) which makes the two-step verification system mandatory. - Mobile app (that will be available before fall 2017). - Worldwide service + full transparency of the team On to the serious business now. Cointal offers a special treatment to the first comers. Given the fact that we haven't launched our platform yet, we are willing to create a small and trusted community before the official launch. The First members are given some privileged advantages. 1. The first 1000 subscribers will be exempt from all charges for their first 100.000,00 USD trade volume. 2. Their profiles will be given a significant label: << Cointal Builder >> that will improve their reputation within the community.
They will be eligible to apply to be moderators in the social chat, the blog and even the Cointal forum.
In case of any problem with their account, their requests will be given first priority, without support tickets; they can instantly request a phone call to resolve their issues.
Once every month, three (3) of these lucky members will be randomly given 10.000,00 usd worth of BTC.
After opening an account on Wedowo.com! you will get some special work facility which helps you to make money for you.
You can able to earn by doing micro jobs from "Available Tasks".
If you want to increase your daily earning then you can also purchase "Business Pack". You will get 125% to 130% from specific "Business Pack" you purchase. Money will be credited automatically to your wallet and you can able to withdraw your earnings when it hits up $5 and it may take 1 day to 20 business days depending upon your purchase.
Affiliate earning opportunities is available because you are helping us to grow fast.
Which payment processor is used here for payment?
We have a vast payment processor for our users benefits. We prefer to accept payments from our users & also pay users through the following processor.
Payza (Active and Automated)
Perfect Money (Active and Automated)
PayPal (Inactive and Schedule for Maintenance)
Skrill (Inactive and Schedule for Maintenance)
Neteller (Inactive and Schedule for Maintenance)
BitCoin (Manual and Automation Going On)
Litecoin (Implementation Going On)
Ethereum (Implementation Going On)
Ripple (Implementation Going On)
PayPal (Inactive and Schedule for Maintenance)
Paytm (Implementation Going On)
Bank Wire (Implementation Going On)
Is there any minimum payout?
You can request for withdraw when your earning balance reach to $5. In this case, at present our minimum payout is $5.
We are trying to decrease it from $5 to $1
When do I request for withdraw?
On every "Thursday" you can request for withdraw. The withdraw option will be active for 24 hours which means from 12:01 AM to 11:59 PM (GMT 6+). You have to place your withdraw request within this time frame.
Authority reserves the right to change the date and time for maintenance issue.
Withdraw time follows "Server Time" so you have to follow server time as well.
How do I know I am eligible for withdraw?
On "Thursday" those are eligible for withdraw they can find their Withdraw option in active mode.
We recommend that, those "Account Balance" is "Equal" or "Greater Than" $5 they can easily request for withdraw.
To check your withdraw status please go to "My Wallet" menu on "Thursday" server time.
You will find the withdraw option on: My Wallet >> right column "My E-Wallet" area "Place Withdrawal" green button.
What is the Payment Threshold?
Payment Threshold is the payment cycle that company follow to maintain a smooth payment. We follow Thursday to Sunday schedule in each week.
Absolutely No. Because, we collect job for our users and implement them to our "Task Pack". Employer makes a budget for his/her task. When you complete a job we get paid for it and we pay you 10% to 80% of that revenue. That's the way it works. It's very simple!
We use our Business Pack money with our own investment for expanding our Global Business. We love to invest and get return on our investment from these areas: Software Industry, Electronic Goods Manufacturing (Computer Accessories / Smartphones), Agriculture, Transportation system, Food Industry, Education, Health & Medical, Ready Made Garments, Sea Food, Tourism and many more.
Your money is in good hand. Our global team works for our business grow. The main source of our earning is outsourcing and in-sourcing different types of products. So, it's very easy to earn from our production. Even we can sell goods via Amazon, Ebay, Alibaba, AliExpress and many more.
How much it'll cost me to become a subscribed user and where to create account?
At the moment our yearly subscription fee is only $10
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