Advantages of using Cryptocurrencies - Book escorts with stablecoins

Although it is a relatively recent invention, the advantages of using cryptocurrencies cannot be denied. Cryptocurrencies, also known as cryptoassets, are a digital medium of exchange that serves the function of a currency; these include stablecoins, which are issued on 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 most popular stablecoins?

In the universe of cryptocurrencies, there is 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 it comes to hiring a 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 trust 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 your company makes a point to provide full transparency with investors and customers; also, they plan to tokenize other assets, such as TrueBond, TrueYen and TrueEuro, to mitigate price fluctuations.

Binance USD (BUSD)

Another of the most widely used stablecoins is Binance, because it maintains its parity with the dollar and offers certain special benefits, such as no commissions for converting this stablecoin into another cryptocurrency and lower commissions on the Binance network.

DAI

Like TrueUSD, DAI is revolutionizing the advantages of using cryptocurrenciesThe company has implemented an automated system of contracts on the Ethereum network in order to maintain the 1:1 parity with the US dollar. Currently, its ratio is 150 %, i.e. for every 100 USD you lend in this currency, you must leave 150 USD as collateral.

USDCoin (USDC)

USDC is a fiat-backed stablecoin that is associated 1:1 with the US dollar. It was launched in 2018 and developed by the Center Consortium, consisting of Coinbase and Circle Internet Financial. The issuers, also preserve the popular financial services firm Grant Thornton as a viewer of its reserves.

Stablecoins parity with the dollar

Unlike free-floating cryptocurrencies, stablecoins are backed by fiat money and other commercial assets; with the intention of keeping their price stable, as is the case with the blue dollar. This, gives shelter to any investor in times of volatility; backed by a token defined directly from the established real world currency.

The term blue dollar is used in Argentina to refer to the U.S. dollar bought illegally on the black market, which comes with a higher exchange rate and can easily fluctuate.

On the contrary, stablecoins allow to have an economic backing and act as a means of savings; so, if you pay 20 USD, the benefited person will get 20 USD and there will be no risk of a fluctuating income.

What is a crypto wallet?

A crypto wallet, better known as a wallet or purse, is an essential digital application for storing, managing and sending cryptocurrencies, as is the case of the Binance wallet, which acts as a bridge for sending and receiving operations through the blockchain network of each cryptoasset.

The main function of cryptocurrency wallets is to safeguard the public and private keys of your address; varying between privacy and complexity to suit your needs.

Binance What is it and how does it work?

One of the advantages of using cryptocurrenciesThe main advantage of Binance, is its easy access to digital exchanges such as Binance; known as one of the most popular exchanges today. This platform not only offers cryptocurrency exchange; it also gives room for buying/selling cryptocurrencies, 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 banking transactions. It also offers a digital wallet where cryptoassets can be deposited.

Binance works in a very simple and convenient way; just by registering, you can trade different cryptoassets, starting from the most popular ones such as ethereum, bitcoin, binance coin and tether, 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 cryptocurrenciesIn both cases, however, you should keep the passwords in a safe place and disconnected from the Internet. 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 immersion process in the cryptocurrency world; therefore, knowing the principles of good practices to keep your account safe should be a golden rule. Some of these 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 family members. In addition, it must be unique to that account, contain symbols, numbers, and lowercase and uppercase letters.

Enabling two-factor authentication on your mobile device (2FA)

In case your password has been compromised, the 2FA used by 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 you can spend them; therefore, keeping it and accessing it securely 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 (seed phrases)

It is critical that you keep in mind that today's wallets rarely have a single private key; meaning that they can contain millions of different keys. So, all you need to know is a 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 in advance for the services of VIP escortsIt not only keeps your cryptoassets safe, but also allows you to safeguard your personal information and use an alias during your transactions.

With Binance you can pay an escort without having to reveal your real identity!

How do I load my virtual wallet with stable currencies?

One way to deposit local currencies on Binance is through the platform's official wallet; just select "Fiat and Spot" below the page, and click "Deposit" to select the fiat currency of your choice. Other recharge options include:

Conversion and OTC Portal

The recently launched OTC and Conversion Portal allows you to learn about many of the most important advantages of using cryptocurrenciesThanks to that, it allows you to purchase both small and large amounts of cryptoassets, using the funds in your account (including selected local currencies), at prices that are often better than those available on the market.

Buying locally through P2P commerce

You can buy bitcoin directly from other users of the Binance P2P platform; by logging in 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 dollars under the mattress?

One of the platforms that will undoubtedly show you each and every one of the advantages of using cryptocurrenciesBinance is Binance; 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 that, even if they try to guess your password, they will need to receive the SMS that will be sent to your cell phone for verification.

At Binance, security is a top priority; to the point that the managers do everything possible to keep your account safe, as well as give you the power to greatly increase the security of your account. Your funds will be secured and stored in a wallet that can only be breached if you forget or compromise your password.

Pyramid 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 in which you can get caught occur due to lack of research, and one of the most effective and well known is the pyramid scam.

A pyramid scheme is a fraudulent system for making money based on recruiting 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 keep adding to it, and more and more people are needed. When the pyramid becomes saturated, or an investor decides to withdraw his entire investment, the benefits of the participants decline and most of them end up without any profit.

How to avoid pyramid schemes?

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 becoming a victim of this type of scams, it is important to avoid highly exaggerated promises of profitability that have nothing to do with the reality of the market, avoiding businesses that rely on "adding more people" and controlling regulations or legal issues of the company.

The best thing you can do before starting an investment is to rely on specialized, regulated and experienced advisors and companies; otherwise, your money will be at great risk.

Fixed Terms in Cryptocurrency

Another of the advantages of using cryptocurrenciesis the possibility of investing in fixed terms in a safe and stable way. Fixed terms, also known as Staking, is a financial system that consists of acquiring cryptocurrencies and keeping them locked in a wallet; in order to receive profits or rewards.

In the case of stablecoins, you can obtain higher returns than a traditional fixed term in dollars; you will only have to place it in a wallet for a determined or flexible period of 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 cryptoasset payment functionality in a transparent, borderless and contactless way.

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 commissions.

With Binance Pay, you will be able to pay another person by simply scanning their QR code via the Binance app, or change the payment method, and authenticate the transaction with your Pay PIN. Please note that your Pay PIN will be blocked after 5 incorrect attempts.

Here is a video explaining in more detail how this payment method works.

How to open a Binance account?

There are many advantages of using cryptocurrencies that can leave you speechless, and what better way to discover them than opening an account in one of the most recognized exchanges in the world. Binance not only offers you the ability to buy, sell and exchange cryptocurrencies, it also gives you many additional features.

If you want to be part of this great family, just click on the following link to get started in the world of cryptoassets or scan the QR code.

Open your Binance account