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Advantages of using Cryptocurrencies – Reserve escorts with stablecoins,
Although it is a relatively recent invention, the Advantages of using Cryptocurrencies they cannot refuse. Cryptocurrencies, also known as cryptoactives, are a digital medium of exchange that fulfills the function of a currency; Among them, stablecoins, which are issued on the blockchain with a value linked to an external asset, such as precious minerals or national currencies.
When it comes to canceling escort services, cryptocurrencies are your best allies, they will not only keep your personal data safe; They will also make sure that if you are engaged or married, no evidence is left behind.
What are the best known stablecoins?
In the universe of cryptocurrencies, there are an infinite number of options to choose from, but there are few that will give you total security and transcendence; For this reason, we have compiled information on some of the most reliable and recognized stablecoins, which will be of great help when hiring one. escort from Buenos Aires.
Tether (USDT)
Tether, better known as USDT, is one of the most popular digital currencies in the world; Thanks to the fact that it maintains a 1:1 parity with the US dollar. In addition, it is one of the most accepted stablecoins, especially in countries where people do not have confidence in their local currency, such as Argentina or Venezuela.
TrueUSD (TUSD)
This stablecoin is based on the Ethereum blockchain and backed by dollars. It is a digital currency very similar to Tether, but his company makes a point of providing full transparency with investors and customers; They also propose tokenizing other assets, such as TrueBond, TrueYen and TrueEuro, to mitigate price fluctuations.
Binance USD (BUSD)
Another of the most used stablecoins is Binance; Because it maintains its parity with the dollar and offers certain special benefits, such as zero commissions to convert this stablecoin into another cryptocurrency and lower commissions on the Binance network.
ICD
Like TrueUSD, DAI is revolutionizing Advantages of using Cryptocurrencies, implementing an automated contract system on the Ethereum network; in order to preserve the 1:1 parity with the US dollar. Currently, its ratio is 150 %, that is, for every 100 USD that you lend in this currency, you must leave 150 USD as collateral.
USDCoin (USDC)
USDC is a fiat-collateralized stablecoin that is associated 1:1 with the US dollar. It was launched on the market in 2018 and developed by the Center Consortium, made up of Coinbase and Circle Internet Financial. Issuers also keep popular financial services firm Grant Thornton as viewers of their bookings.
Stablecoins parity with the dollar
Unlike free-floating cryptocurrencies, stablecoins are backed by fiat money and other commercial assets; with the intention of keeping its price stable, as is the case of the blue dollar. This gives refuge to any investor in moments of volatility; supported by a token defined directly from the established real world currency.
The term blue dollar is used in Argentina to refer to the US dollar bought illegally on the black market; that comes with an exchange rate with a higher value, and that can easily fluctuate.
On the contrary, stablecoins allow you to have financial support and act as a means of savings; so if you pay $20, the beneficiary will get $20 and there will be no risk of fluctuating income.
What is a crypto wallet?
A crypto wallet, better known as a wallet or purse, is an essential digital application for the storage, handling and sending of cryptocurrencies; as is the case with the Binance wallet; that acts as a bridge to carry out sending and receiving operations through the blockchain network of each cryptoactive.
The main function of cryptocurrency wallets is to safeguard the public and private keys of your address; varying between privacy and complexity to fit your needs.
Binance What is it and how does it work?
One of the Advantages of using Cryptocurrencies, is its easy access to digital exchange houses such as Binance; known as one of the most popular exchanges today. This platform not only offers cryptocurrency exchange; it also gives rise to the purchase/sale of the same, a debit card, NFT and stacking for Ethereum 2.0.
Through the platform, users can buy or sell cryptocurrencies such as bitcoins and ethereum, using their local currencies through bank transactions. In addition, it offers a digital wallet where crypto assets can be deposited.
Binance works in a very simple and comfortable way; With only the registration, you will be able to operate with different crypto assets, starting with the most popular ones such as ethereum, bitcoin, binance coin and tether, up to the most exotic ones. Cryptocurrencies can be combined with more than 80 available pairs.
Is Binance safe?
There is no doubt that another of the advantages of using cryptocurrencies, is to have a non-custodial wallet, whose keys are managed by you; since it offers much more security than any bank. However, in both cases, the keys must be kept in a safe place and disconnected from the Internet.
Protecting your digital currencies is an essential step in your process of immersion in the world of cryptocurrencies; therefore, knowing the principles of good practices to keep your account secure should be a rule of thumb. Some of those methods are:
Use a strong password that you change regularly
The password you use on this platform must not include personal information; for example, your date of birth, your name or that of your relatives. In addition, it must be unique to that account, contain symbols, numbers, and lowercase and uppercase letters.
Activate two-factor authentication on your mobile device (2FA)
In case your password has been compromised, 2FA uses your mobile device, YubiKey or authenticator app, acts as a second level of protection. You must have both your password and your 2FA when logging in.
Don't forget to have a private key
A private key is like a real key that is responsible for unlocking your cryptocurrencies so that you can spend them; therefore, storing it and accessing it safely is the most important part of your wallet's security. The key is basically a very long number, so long that it would be impossible for anyone to guess it.
Consider seed phrases
It is essential that you keep in mind that today's wallets rarely have a single private key; which means they can contain millions of different keys. So, all you need to know is one seed phrase; defined as a set of random words.
Why use Binance to pay for escort services?
Binance is one of the best options to prepay for trading services. VIP escorts; Since it not only keeps your crypto assets safe, it also allows you to safeguard your personal information and use an alias during your transactions.
With Binance you will be able to pay an escort without having to reveal your true identity!
How do I load my virtual wallet with stablecoins?
One way to deposit local currencies in Binance is through the official wallet of the platform; All you have to do is select “Fiat and Spot” under the page, and click on “Deposit” to select the fiat currency of your choice. Other charging options include:
Conversion and OTC Portal
The recently launched Conversion and OTC Portal allows you to discover many advantages of using cryptocurrencies; Thanks to the fact that it allows the purchase of both small and large amounts of crypto assets, using the funds in your account (including selected local currencies), at prices that are often better than those available in the market.
Buy locally through P2P commerce
You can buy bitcoin directly from other users of the Binance P2P platform; Entering you can find a wide variety of bitcoin ads to get the best deals. Thousands of merchants and hundreds of payment methods will be available.
Is it safer than keeping the dollars under the mattress?
One of the platforms that will undoubtedly show you each of the advantages of using cryptocurrencies, is Binance; since, it acts as an effective vault for cryptocurrency funds and protects users from any problems that may arise.
Even though the platform does not require much for you to register, when you become a user, you will be able to carry out the two-step verification option; so, even if they try to guess your password, they will need to receive the SMS that will be sent to your mobile for verification.
At Binance, security is a top priority; to the point that, the managers do everything possible for you to keep your account safe, as well as give you the power to greatly increase the security of it. Your funds will be secured and stored in a wallet that can only be breached if you forget or use your password.
Ponzi schemes
When investing money, it is vital that you have all the necessary information before making any mistake; especially if it is something that can generate losses and problems. Many of the scams you can get caught up in occur due to a lack of research, and one of the most effective and well-known is the pyramid scam.
A pyramid scheme is a fraudulent system to make money based on the recruitment of an increasing number of "investors". The initial promoters recruit investors, who in turn recruit more investors, and so on. The scheme is called a “pyramid” because at each level the number of investors increases.
The problem is that the system only holds firm as long as people continue to be added to it, and a greater number of them is needed each time. When the pyramid is saturated, or some investor decides to withdraw all of his investment, the benefits of the participants decline and most end up without any benefit.
How to avoid pyramid scams?
A clear warning sign to detect this type of schemes is that they offer a higher interest rate than usual in the market; as well as the lack of determination when defining the nature of the investment and the use of unreliable techniques.
To avoid being a victim of this type of scam, it is important that you avoid highly exaggerated promises of profitability that have nothing to do with the reality of the market, avoiding businesses that are sustained by "add more people" and control regulations or legal issues. of the company.
The best thing you can do before starting an investment is to rely on advisors and specialized companies, regulated and with due experience; otherwise, your money will be at great risk.
Fixed terms in Cryptocurrency
another of the Advantages of using Cryptocurrencies, is the possibility of investing in fixed terms in a safe and stable way. Fixed terms, also known as Staking, are a financial system that consists of acquiring cryptocurrencies and keeping them locked in a wallet; in order to receive profit or rewards.
In the case of stablecoins, higher returns can be obtained than a traditional fixed term in dollars; You will only have to place it in a wallet for a certain or flexible time with a rate that can reach 10 % per year.
How to pay with cryptocurrencies
There are many platforms that are designed to pay with cryptocurrencies, but one of the most reliable and secure is Binance Pay; Because it has a user-to-user cryptoactive payment functionality in a transparent, borderless, and contactless manner.
Since the launch of its beta version, the service also includes payment and merchant functionalities that allow users to pay, send and receive cryptocurrency payments anywhere in the world without fees.
With Binance Pay, you can pay another person simply by scanning their QR code through the Binance app, or change the payment method, and authenticate the transaction with your Pay PIN. You must take into account that your Pay PIN will be blocked after 5 incorrect attempts.
Next, we will leave you a video where they explain more in depth how this payment method works.
How to open an account on Binance?
There are many advantages of using cryptocurrencies that can leave you speechless, and what better than discovering them by opening an account in one of the most recognized exchanges in the world. Binance not only gives you the ability to buy, sell and trade cryptocurrency, it also gives you many additional elements.
If you want to be part of this great family, just click on the following link to get started in the world of crypto assets or scan the QR code.