Last 2009, Bitcoin, a type of virtual money that was created by Satoshi Nakamoto under a pseudonym as it was called. It provides any online payment transfer with minimal transfer fees than what people used to pay in traditional or old form of transfer. Additionally, the money issued by the administration or government differs because this is distributedly managed by the authorities. What is cryptocurrency, anyway? Basically, a cryptocurrency is an online money that is used as payment to exchange digital commodities, as well as services.
Bitcoin, as a currency that is virtually used cannot be held in physical form, such as a bank vault or a safe deposit box. Instead, these are being stored in public accounts that are accessible to anyone, whether they are an investor of this digital coin or not. According to its price and market capitalization, it is by far the most popular and consistently leading digital cash, where it can be bought and sold using the code BTC.
You can feel secure using Bitcoins because all negotiations are tracked in a digital record with utmost transparency. So, to understand what a digital ledger is, you can think of it as any bank’s register or records of customer’s payments that are deposited and withdrawn from a bank. Simply put, it’s a balance sheet that keeps track of the complete financial activities of a customer done by its holders or investors.
Nevertheless, it is different from a bank register in a way that Bitcoin’s online ledgers are widely distributed across the entire platform or system. Any person can have access to this information where it cannot be controlled by an organization or specific party.
A significant change in computer science, brought about by Bitcoin, has been said to have been introduced when Bitcoin was created, because the currency provides the best solution for e-commerce. And why is this so? Because it allows the transfer of value between two entities without the use of a bank as a middleman. In this regard, the function it takes in solving the problem as to why bitcoin is created, this kind of digital money has generated a positive result in terms of monetary settlements around the world. Therefore, wherever two people are, regardless of the distance that separates them, they can still be able to receive or send money for payments, where other entities like banks are no longer necessary. Which is why, it creates the opportunity for a free, of utmost efficiency, and up to date economic network.
To add Bitcoin to your portfolio, all you need to do is to purchase it through a digital platform such as Kyrrex through Buy Bitcoin page that offers crypto exchange if you wish to diversify your financial portfolio with cryptocurrency.
You may visit our website at https://kyrrex.com/ to learn more.
Kyrrex allows you to easily buy, sell, accept, and even trade bitcoins even though you will not be personally holding the cryptocurrency as holding uses private and public keys. Despite the fact that bitcoins can be bought without the help of online exchange tenets, online websites like Kyrrex can help your needs to do cryptocurrency exchange like bitcoins in an easy and secure way.
In case you are wondering what is the use of bitcoins, well, it is generally described as a digital currency, thus, it is similar to online cash, meaning you can use it as a cash substitute in purchasing online items or even services.
A popular method is mining, where you are going to solve complex math problems using powerful computers to crack the code, before being rewarded with BTC. A second way is through buying and holding, this works the same as stock markets, you can profit the most money if you can purchase shares of bitcoin at a low value then hold it until it values way too much from when you purchased it before selling it. The same is true for trading. Waiting for long is not necessarily needed if one holds shares of Bitcoins and then wants to sell cryptocurrency within the day as soon as its value rises, you can do so in Kyrrex.
In which country bitcoin is used? In February 2020, usage of bitcoins was made legal in the most advanced nations like the United States of America, in the United Kingdom, as well as in Japan, because some countries had banned bitcoins and deemed them illegal. Along with these countries, Singapore has also used bitcoin as a money, but their administration has no control over the price or operations of these digital coins. Furthermore, Bitcoins also offer a new form of money as it becomes widely used, where you can easily make use of it as the online cash in reality via online settlements.
Is bitcoin a good investment? Even though it is considered a high risk investment, since the widespread spread of the use of online e-commerce platforms, as well as the sites to purchase different commodities, products as well as services, digital cash is now of utmost importance and role. Therefore, it is still possible that one can earn with these online tokens like BTC or bitcoin, along with this, you can buy cryptocurrency right away in Kyrrex.
Considered as the pioneer of digital coinage and the world’s largest digital value, Bitcoin has its price started at zero in its initial offering and then reached $1 since its launch in February 2011. Thus, bitcoin is one of the best investments so far, and has made many millions of investors, with a market cap of approximately $1.08 trillion and a price of $57,874.08 as of May 11, 2021.
If you want to know more about bitcoin, and everything about digital coins and how it works, you can visit our blog about cryptocurrency in Kyrrex.
We are excited to announce the return of PrimePool, in partnership with Huobi! For now, users can lock their HT tokens for any length of time before the event ends to earn a reward of up to 1,208,898 KRRX tokens.
The event will run from 12:00 UTC on January 18, 2022, to 12:00 UTC on January 25, 2022, so make sure to participate before the event ends.
Specifically, you can lock any number of HT tokens from 100 units and receive an additional reward in KRRX tokens for doing so (the reward is calculated according to a formula that you can find on the event page at the link below).
This is a great opportunity for users to experience the upgraded PrimePool and win grand rewards. With simple rules, this event is open to all!
To join the event, all you need to do is visit the link provided and follow a few steps.
Your Kyrrex Team 💚
We are happy to announce that Huobi, one of the biggest and most reputable cryptocurrency exchanges in the world, has listed the KRRX token!
Huobi has already enabled deposits for KRRX holders. You can start making KRRX deposits right now!
KRRX spot trading (KRRX/USDT) will open when the deposit volume meets the requirements for market trading on Huobi. Once the trading volume threshold has been met the commencement date of KRRX/USDT spot trading will be officially announced.
KRRX withdrawals will open at 12:30 (UTC) on January 18
The KRRX token provides a seamless way to interact with services and features on the Kyrrex network. All KRRX holders are entitled to discounted fees, staking benefits, and other special advantages.
KRRX is connected to many inner projects as well as linked to numerous initiatives, including significant partnerships in the sports industry. Currently, Kyrrex intends to expand agreements with MotoGP rider Jorge Martin, Moto2 young talent Pedro Acosta, and paddle athlete Martin Di Nenno.
Moreover, will launch Kyrrex Sport soon. A marketplace for potential athletes' image rights that are represented by fungible tokens (not NFTs) as well as an NFT marketplace for their personal collections.
This listing is a major milestone for Kyrrex as the company aims to make the KRRX token more accessible to users around the world. We are confident that Huobi's high liquidity and solid reputation would be extremely beneficial to our users.
To further improve the Kyrrex ecosystem, we will continue to reinforce existing collaborations and explore new strategic partnerships with industry stakeholders.
Your Kyrrex 💚
The tournament offers a massive prize pool of 50,000 KRRX and guaranteed payouts for 500 winners, providing all participants with the opportunity to come out on top.
The tournament will run from January 17th to February 1st, giving participants ample time to demonstrate their trading strategies and compete for the top prizes.
Don't miss out on this exciting opportunity to win big and register for the tournament today!
1️⃣ Register on the Lot.Trade;
2️⃣ Create a new account on huobi.com;
3️⃣ Create an API key on the Huobi exchange and connect it to your Lot.Trade Personal Account;
4️⃣ Achieve a trading volume of at least 150 KRRX within 24 hours after registration;
5️⃣ Actively trade KRRX from the created profile on Huobi throughout the tournament, until its completion on 01.02.2023;
6️⃣ Wait for the results and get the desired prize
The first 1500 users who successfully complete the registration and trading conditions within 2 days after the tournament begins, will receive a bonus of $10. This is a limited offer, so don't miss out on this bonus opportunity.
So, are you ready to join the Kyrrex and Huobi crypto communities and compete for a prize pool of 50,000 KRRX and guaranteed payouts for 500 winners? Then fulfill the registration and trading conditions now and join our exciting crypto tournament.
Your Kyrrex 💚