Bitcoin wallets

Where do you keep your bitcoins? In a wallet, of course. But not your typical wallet — an e-wallet since this is digital currency. With a bitcoin wallet, you can use it to send, receive and hold bitcoins like you can with a normal online bank account.

There are two main types of bitcoin wallets — software wallets and web wallets. Software wallets can be installed on a computer or mobile phone, and you have total control over the security of this wallet. Web wallets are hosted by a third-party source and tend to be a bit more user-friendly. However, in order to maintain the security of your wallet, you should choose a reputable provider to keep your bitcoins safe.

We have compiled a list of several notable wallet sources along with explanations. When choosing your wallet, we would recommend you start by checking out these providers.

Coinbase
Coinbase has a great reputation as a wallet provider within the bitcoin community with regards to security and legitimacy. This web wallet is a great choice for people just starting to invest in bitcoin because it is simple, easy to use and comes with many built-in features that are useful to beginners dealing with bitcoin exchanges.

Blockchain.info
This web wallet provides an easy desktop solution for bitcoin wallets. Blockchain.info operates on a similar level as Coinbase, but the setup is even simpler and you can access your account on the go. Blockchain.info also provides alternative services that can be useful to users that are also looking for a trading platform within the bitcoin network.

Electrum
This software wallet is a high security level, encrypted wallet that is easy for customers to install and set up an account with. Users are also provided with a phrase consisting of 12 words, which acts as a key to recover the bitcoins in the wallet in case the computer fails or crashes. Electrum is a good software wallet for beginners and it makes the process of trading bitcoins go seamlessly.

If you would like to look into more wallets, we would suggest that you look here as well.

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Bitcoin – investment strategies and considerations

You hear about bitcoin and cryptocurrencies a lot now. People buying bitcoin, selling bitcoin, trading bitcoin and other altcoins, you name it! So how are people making money from buying, selling and trading? What types of strategies have led to these successful stories about people making thousands and sometimes millions from cryptocurrencies?

Here we have gathered some information about general investment techniques for those looking to start investing in bitcoin (and other cryptocurrencies, of course).

However, before deciding on any sort of investment scheme, it is best practice to start by having a plan. Now of course, plans are always subject to change, but it is always better to have an idea about where you want to go with your investment — some sort of “end goal”.

Whether it be wanting to pay off a loan or something like saving for retirement, knowing what you need from your crypto investment is important. Paying off a loan is more short-term, in this case, when compared to saving for retirement, so timing should be a major consideration.

Say your decide to purchase some bitcoin, and then your investment increases to $100,000 after five years. Depending on the size of the loan you are looking to pay back, that amount could potentially be enough to pay it off in full. However, $100,000 is an incredibly small amount to retire on. Therefore, the retirement scenario would require more time for the investment to grow.

Both of these scenarios are fairly simple examples that assume that the investment will appreciate in value over time. With bitcoin in particular, there has definitely been an exponential increase since the start of this year. But with the huge spikes in the price of bitcoin, there have also been significant drops as well. When thinking about your investment, you should also expect the dips in the price, especially larger ones as bitcoin is very volatile.

A good, general rule-of-thumb is to never invest more than you are willing or able to lose. Additionally, when you do purchase (most often from an exchange), do not leave your bitcoins on the exchange — always transfer your order to your personal wallet that only you have full access to.

In terms of strategies, dollar-cost averaging (DCA) seems to have the most success due to the fact that bitcoin price is so volatile. DCA is when you do not purchase all at once and just hold your investment; with DCA, you buy a fixed amount every day, week, month or so throughout a given time frame. With this strategy, you are more focused on the investment schedule as opposed to the swing in price.

DCA is a less risky (but still not full-proof) strategy to actual earn on your investment. What a lot of individuals are doing is trying to guess when the price swings will be, then buying and selling accordingly — the typical “buy and hold” strategy. This is also effective, but normally only when you are right on the ball and get lucky predicting the swing in the price of bitcoin and other altcoins.

If you do choose to invest, it is important to do your research and consider all factors. Your investment can go both ways, there is always potential to gain and/or lose money depending on the state of the market. But the choice really comes down to you and if you feel comfortable investing in the end.

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Pay with bitcoin — what can I buy?

This year has been huge in terms of cryptocurrency — the price of bitcoin has increased exponentially, and millions are now interested in and have already decided to invest in bitcoin by purchasing and filling their personal e-wallets. For a long time, that is all that bitcoin was: an investment, a more secure way to hold and invest money when compared to the traditional stock exchange.

However, cryptocurrencies have gained quite the amount of traction and support across the globe, and now more and more merchants, the majority of which are online e-commerce-type sites, are accepting bitcoin as a valid form of payment for the exchange of goods and services.

So.. what can you buy with bitcoin?

To starts, let’s mention a few popular online platforms that allows customers to check out by paying via bitcoin.

Big names like Microsoft and Dell have embraced the shift towards crypto payments. Since the end of 2014, Microsoft customers have had the option to use bitcoin in order to add money to their personal accounts, which can then be used to purchase apps, games and videos from Windows, Windows Phone and Xbox platforms.

Dell also jumped on the bandwagon in July of this year after partnering with Coinbase. Customers purchasing with bitcoin will get a discount when the purchase any of Dell’s Alienware PCs.

Bitcoin is also being accepted within the travel industry — some airlines, including AirBaltic and Air Lituanica, are now accepting bitcoin for customers that book their flights online. Additionally, the firm BTCTrip opened as an online flight and hotel booking platform to assist bitcoin enthusiasts looking to travel. In 2014, they announced that customers can also pay with litecoin as well as dogecoin when they book.

Moving away from e-commerce and the internet markets, some real-world stores around the world are starting to accept bitcoin as well. Resources like Bitcoin.Travel and Coinmap work hard to maintain a public database of these types of establishments that is easily accessible to anyone.

Looking for bars and restaurants that accept bitcoin, or maybe even just general electronics stores? The Pembury Tavern in London, UK, The Pink Cow in Tokyo, Japan and the Old Fitzroy Pub in Sydney, Australia are a few examples where you can grab a nice drink and/or bite to eat, and of course, pay with bitcoin.

CeX, is a recycled technology exchange and retailer, with physical store locations in many EU countries. This May, this UK chain launched a bitcoin-only payment location in Glasgow.

There are several options now for people that hold bitcoin. It is no longer necessary to hold bitcoin as only an investment. With this global shift towards a crypto-economy, many more retailers and merchants will start opening their platforms and stores to accept bitcoin. It is only a matter of time..

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Everything you need to know about bitcoin mining

Most people are now familiar with bitcoin, or at least have heard of this popular cryptocurrency. You hear about it all the time in the news since the price has completely skyrocketed since the beginning of this year and continues to be incredibly volatile. Then you start to wonder: where do bitcoins come from? They have to be mined, but what does that actually mean — bitcoins being “mined”?

Unlike traditional currency (cash), bitcoins are not printed by the government; they are “mined” into existence and discovered by computers competing with one another, searching for coins. It sounds kind of odd, but we will go through and break down how exactly this process works.

Every transaction, sending or receiving bitcoins, is kept as public record in a ledger, which is what we know as the ‘blockchain’ network. This network compiles all transactions that are made during a set period of time into a list that can be referred to as a ‘block’.

When a block is created, it is the job for the miners (other computers) to add the block to the end of the blockchain or master ledger. In order to do this, the miners apply a mathematical formula to this new list, creating a hash sequence of numbers and letters to represent the block digitally — this is how the block is stored and what keeps bitcoin transactions somewhat anonymous.

Hashes are a very handy feature with several interesting properties. It is near impossible to determine what data type of data a hash is representing or what type of data is being stored just by looking at a hash. Each hash is also unique, meaning if you change even a single letter or number, the entire hash will change completely.

The hash of each block is also used to help create the hash for the next block in the chain, so if someone tried hack the network and change a hash, the subsequent hashes would also be incorrect. This hashing procedure helps miners ensure that a block is “sealed off” and secure.

This is where the competitive part of the process comes into play. Miners compete with each other to seal off blocks using computer software specifically for mining bitcoin blocks. Miners get rewarded 25 bitcoins every time they successfully create a hash, then the blockchain network gets updated, and the process continues with new transactions.

However, with technology today, it is very easy for computers to create hashes for a collection of data. Bitcoin protocol wants to keep incentivizing the miners to mine bitcoin, while also not making this process too easy and simple, otherwise miners would hash hundreds of bitcoin blocks every second, and the entire bitcoin supply would be depleted and completely mined within minutes.

To increase the mining difficulty, bitcoin protocol demands certain requirements of a block’s hash. For example, for a hash to be accepted, it must contain a specific number of zeros at the start of the hash. There is no way to predict the final outcome of a hash, and adding new pieces of data will always change the hash to something completely different. If an initial hash does not meet the standard requirements, the data will be hashed again and again. This could end up being a long, lengthy process for miners, but it ensures that all of the bitcoins will not be mined immediately.

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Reflecting on bitcoin price so far and what is to come in the future

It is weird to think that Bitcoin started all the way back in 2008, sparking the entire crypto economy trend as the original cryptocurrency. Since it’s inception, bitcoin has experienced many price fluctuations, only really making headline news for the first time in 2013 when it was worth between a mere $10 and $15.

By the end of 2013, the price increased exponentially to reach $1,163 per coin. Despite this huge spike in value, it dropped back down to about $200 per coin over the course of the next 18 months. With such drastic fluctuations, global uncertainty around bitcoin and whether or not to invest persisted.

Bitcoin did not make big news again until late 2016 when the price made another jump back up, mostly due to the increase in buying spree from the Chinese trying to avoid the devaluation of the Yuan. Because bitcoin transactions are anonymous and more direct than bank transfers, investing in this cryptocurrency became a popular option for many of China’s citizens.

Due to the increase in investment from China, in early 2017, bitcoin’s value almost matched its all-time high, making it up to $1,140. Then back in July of this year, the price climbed all the way to $2,800. This steady upward trend in value lead to more and more people wanting to invest before it was too late. With the approval of SegWit, the price skyrocketed to $3,500 and is now somewhat stable at over $4,500.

The people that started their investment in bitcoin early on are making significant profits and enjoying the huge spikes in value. But the people that did not invest are now debating whether or not to start investing or wondering if they missed the window of opportunity.

The price continues to increase, although bitcoin remains somewhat volatile. There is speculation that bitcoin is just a bubble and will burst soon. Is that really the case?

Bitcoins are an incredibly valuable asset because it is one of the only cryptocurrencies that has a cap. There are only 21 million bitcoins available to be mined and purchased, and about 80% of them have already been mined. Additionally, the number of coins created by the mining process continues to drop by about half with each passing year. Speculation is that no new coins will be mined after the year 2040.

The scarcity of bitcoin could lead to an increase in demand, especially if central banks make the executive decision to start buying bitcoin as a foreign currency reserve.

Now that SegWit 2x is underway, transaction speed will truly be immediate — no more waiting ten minutes for a transaction to be mined and processed. This will only fuel the number of transactions made daily. With this lightning speed, bitcoin enthusiasts are expecting the price to break $5,000 (if not even more) by the end of this year. It is now almost September (only four more months until 2018), and the price is already relatively stable at $4,600, making $5,000 seem like it is not too far out of reach…

If you are interested in avoiding the FOMO of bitcoin and starting your investment, visit Bitmoney.eu! Bitmoney makes the process of purchasing bitcoins simple and fast — no more having to wait for long periods of time between purchasing and depositing into your e-wallet. Don’t have a wallet? Bitmoney.eu will make one for you automatically, no hassle!

Join this evolution of money by buying your bitcoins today! For more information about things Bitmoney, follow us on Instagram and Twitter @bitmoneyEU and “like” us on Facebook here to get all of the most recent updates about your favorite online platform to buy bitcoin!

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Bitmoney.eu incorporating new payment methods!

Bitmoney.eu has had a lot of success since the relaunch of their site in June of this year with their first four payment methods: iDeal, Sofort, Giropay and Bancontact. Bitmoney.eu has also recently added ecoPayz as a fifth payment option, which is also proving to be a very popular and efficient payment option to buy bitcoin.

Now Bitmoney.eu is still on a quest to reach even more customers across Europe. To do this, they are working closely with various payment providers to integrate all (but not limited to) the following payment methods by early September:

NETELLER – Global
NETELLER, the leader in online commerce that has provided individuals as well as businesses in more than 200 countries with a means to move money online safely through secure transactions. Customers can add, withdraw and transfer funds to and from NETELLER merchants and other NETELLER customers.

EPS – Austria
EPS is one of the most popular Austrian payment methods, reaching about 2.5 million customers with an Austrian bank account. EPS guarantees transactions are processed securely and in realtime, leading to processing orders faster. When customers select EPS, they pay for goods or services in their own trusted bank environment.

Przelewy24 (P24) – Poland
Przelewy24 is a popular payment method in Poland that offers customers the option to make payments directly to merchants via their online bank. Przelewy24 is supported by almost all major banks in Poland, giving merchants access to the maximum number of customers across the country.

TrustPay – Czech Republic, Estonia and Slovakia
TrustPay is a bank transfer-type service that is processed in real-time and widely used in the Czech Republic, Estonia and Slovakia. TrustPay accepts euros (EUR) and Czech koruna (CZK) for currencies, with a maximum of 5.000 EUR or 5.000 CZK per transaction.

Be sure to keep an eye out for when we incorporate these. You can follow us on Instagram and Twitter @bitmoneyEU and “like” us on Facebook here. Visit our website at Bitmoney.eu to become part of this evolution of money by buying Bitcoin today!

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To buy or not to buy…?

The value of bitcoin has gone through the roof in the past month with the approval of Segwit. Many are now predicting for the value to continue to increase, possibly to $5,000 (or even higher) now that Segwit2x is underway.

The people that started their investment in bitcoin earlier this year are making significant profits and enjoying the huge spike in value. But the people that did not invest are now debating whether or not to start investing or wondering if they missed the window of opportunity.

For those that find themselves in the latter group, bitcoins are an incredibly valuable asset because it is one of the only cryptocurrencies that has a cap. There are only 21 million bitcoins available, and about 80% of them have already been mined. Additionally, the number of coins created by the mining process continues to drop by about half with each passing year. The prediction is that no new coins will be mined after the year 2040.

Will you be one of the select few that owns one of the 21 million bitcoins by that time?

The scarcity of bitcoin could lead to an increase in demand, especially if central banks make the executive decision to start buying bitcoin as a foreign currency reserve.

Despite the cap, bitcoin is also said to be just as valuable as gold, if not more with the recent increases in price. Like gold, bitcoin operates in a different pattern than typical stocks and bonds, and the uncertainty surrounding bitcoin can lead to serious increases in its value.

Bitcoin is completely decentralized and there is no third-party interference, like the Federal Reserve that can devalue bitcoin. It is perfectly safe to own, and you can technically be your own bank with your very own e-wallet. The cryptocurrency you purchase is yours and yours only. We can say that cryptocurrency, specifically bitcoin, is digital gold.

If you are still interested in avoiding the FOMO of bitcoin and starting your investment, visit Bitmoney.eu! Bitmoney makes the process of purchasing bitcoins simple and fast — no more having to wait for long periods of time between purchasing and depositing into your e-wallet. Don’t have a wallet? Bitmoney.eu will make one for you automatically, no hassle!

Join this evolution of money by buying your bitcoins here today!

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Bitcoin.. is it truly anonymous?

Now that people are starting to accept bitcoin and cryptocurrencies as the new trend in currency, they begin to wonder: are bitcoin transactions truly anonymous? If I send John Doe BTC, could this be traced back to me?

Well first, a bitcoin wallet address is not connected to the personal information or identity of the user, unlike a traditional bank account or payment system. Any customer can create a completely new and random bitcoin address that has its very own unique private key. There is no need to submit any personal information to a third party party source for verification, like when you apply for a credit card.

On top of that, the transaction itself is not in anyway tied to the identity of the customer either. Anyone can send bitcoins from an address (assuming they are the private key holder) to any other wallet address without the exchange of personal information, only the BTC amount. These types of transactions carry the same level of anonymity as a cash transaction in the sense that the receiver does not need to know the identity of the sender, only their wallet address.

Within the peer-to-peer network for bitcoin, transaction data is transmitted and passed along by nodes to a random set of nodes. Although nodes are connected to each other via IP-addresses, it is not entirely clear to the receiving node whether the incoming transaction data was created by the node it is directly connected to or if that node simply just passed on the data.

This seems like a pretty airtight system, right? However, there are some ways around this that could de-anonymize the customers participating in these transactions.

For example, if a hacker somehow gained access to a means that would allow him/her to connect multiple nodes within the blockchain network, the extracted data from all of the connected nodes could help pinpoint where a transaction originated from, thus leading to a specific user.

Additionally, it is possible for a bitcoin wallet address to be linked to a customer’s personal identity if they use their personal information in combination with their wallet address in some way.

But more importantly, all transactions within the blockchain network are completely transparent, allowing multiple wallet addresses to be “clustered” together in the network and linked to a single user. So if one of the clustered addresses can be traced back to a specific customer, including their personal information, that transaction (and all the other clustered transactions) lose their anonymity.

These are the extreme cases, but people are working to regain the true private aspect of bitcoin and the blockchain network. Using TOR (or other similar methods) to mask IP-addresses is the most simple approach. If transactions are processed over TOR, there would be no way to link nodes by their IP-addresses.

A more advanced technique would be to use mixers, which essentially merges all inputs and outputs to and from several users into a single transaction, skipping over the assumption that all inputs belong to one single user, thus harder to distinguish the path of the transaction.

But overall, the privacy aspect of bitcoin and blockchain remains somewhat of a grey area — it is by no means completely anonymous, but also not completely (or easily) traceable, depending on how much personal information a bitcoin customer reveals in their transaction.

Regardless of anonymity, bitcoin transactions are still easier and more immediate than bank transfers, and therefore making them a popular choice when an individual needs to send funds rather quickly. Globally, we are now in a phase where we are shifting towards a cryptoeconomy, as digital currency is becoming more and more accepted as forms of payment (and the new hot investment trend). At Bitmoney.eu, customers can purchase up to 200 EUR worth of bitcoins without providing any information. For providing only their name and phone number, customers can purchase up to 500 EUR worth of bitcoin. Bitmoney.eu is trying to maintain this level of anonymity for its customers.

Don’t miss out on the opportunity to purchase your very own bitcoins. Visit Bitmoney.eu to join this evolution of money by buying with us today!

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The “right” time to buy Bitcoins – DCA investment strategy

In the past few months, we have seen a massive jump in the price of bitcoin. Though it is the first and oldest cryptocurrency, it is still subject to volatility. And now with Segwit, we can expect that bitcoin will be even more volatile for the coming months until it is locked in and can stabilize.

As bitcoin becomes a more trusted form of payment globally, the overall volatility of this cryptocurrency should continue to decrease.

So now the question becomes, do you think bitcoin is a solid investment? How can you invest by avoiding the crazy spikes in volatility? It is always nice when you get lucky and your investment increases by 10, maybe even 20 percent (depending on the severity of the spike), but what do you do when the market moves against you and suddenly drops?

Several bitcoin-enthusiasts have turned to the dollar-cost averaging method when investing in the cryptocurrency. Dollar-cost averaging is an investment technique, where an individual buys fixed amounts of an asset (in this case, bitcoin) on a regular schedule, regardless of the asset’s price on the “scheduled” purchase date. With this technique, the investor purchases more bitcoins when the price is low and less when the price is high, but it is always for the same currency amount.

Dollar-cost averaging allows investors to be more focused on the long-term investment and less concerned with the daily spikes and drops in the bitcoin value. A long-term, regular investment plan takes emotion and fear out of the equation.

This is one of many approaches people have taken when choosing to invest in bitcoin. It is not a foolproof strategy, so when choosing to invest, it is important to keep an open mind.

Looking to invest now? Visit Bitmoney.eu, an online platform making it easier for European customers to purchase bitcoin, eliminating the hassle and long wait time between purchase and transfer to your wallet.

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Now possible to buy Bitcoin with iDeal via Bitmoney.eu

Bitmoney.eu is an online platform that makes it easier for customers across Europe to purchase bitcoins safely, securely and above all, fast! In order to cater to our different customers, Bitmoney.eu aims to incorporate as many major payment methods as possible on their platform.

To increase purchases in the Netherlands, Bitmoney.eu has added the iDeal payment system. iDeal is the most popular online payment method in the Netherlands, by far (even more so than credit cards). Banks that work with iDeal include ABN AMRO, ING, Rabobank and many more, which make up the majority of the Dutch online banking market.

iDeal is based on online banking, allowing customers to buy using direct transfers from their bank account. This also makes the process from purchasing bitcoins and having them deposited in your e-wallet almost immediate — no more waiting for transactions to clear!

With Bitmoney.eu, customers can purchase up to 200 EUR-worth of bitcoins without registering or providing any personal information. Customers also are not required to have a bitcoin wallet prior to purchasing when they buy with Bitmoney.eu. Bitmoney will create a wallet for customers automatically, no hassle.

Living in the Netherlands and looking to buy bitcoin? Visit our site here and join this evolution of money and the shift towards a cryptoeconomy by purchasing your bitcoins with Bitmoney.eu!

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Bitmoney.eu offers Giropay payment method to purchase bitcoins

Bitmoney.eu is looking to expand on their payment method options for customers to purchase bitcoins easily. Bitmoney.eu has added Giropay to the mix for customers in Germany.

Giropay is an online payment system based on online banking, which allows customers to buy securely using direct online transfers from their bank account. The system is similar to the Dutch iDEAL payment system. Because Giropay transfers are immediate, you no longer have to wait for long periods before your bitcoins reach your wallet.

Want to buy bitcoin but don’t have an ewallet yet? Bitmoney.eu will create one for you automatically using your email address, saving you the hassle! When you purchase with Bitmoney.eu, you can purchase up to 200 EUR worth of bitcoins without any sort of ID or registration information.

Join this revolution of money and shift towards a cryptoeconomy by visiting our site today to purchase your bitcoins! Avoid the FOMO surrounding bitcoin right now and make your first purchase with Bitmoney.eu!

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Bitmoney.eu adds ecoPayz as fifth payment option!

Currently, Bitmoney.eu has four payment methods on their site:

1. iDeal, available to customers in all of the Netherlands
2. Bancontact / Mistercash for customers living in Belgium
3. GiroPay for customers in Germany
4. And Sofort for people living in Germany, Austria, Switzerland, Belgium, France, the Netherlands, the UK, Italy, Spain, Poland, Hungary, Slovakia, and the Czech Republic

Although these four payment options cover a large portion of European countries, Bitmoney.eu is looking to expand by incorporating even more payment options.

Today, Bitmoney.eu launched ecoPayz as a fifth payment option on their platform. ecoPayz is a very popular payment system for the gaming sector, as well as everyday purchases. ecoPayz customers can now buy bitcoin with their ecoPayz wallet or ecoPayz mastercard.

Keep an eye out for payment methods like Neteller, POLi, CASHU, and of course, Visa/MasterCard. These payments are in the works right now and should go live very soon!

Visit our website at Bitmoney.eu to become part of this evolution of money by buying Bitcoin today!

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Berlin: Bitcoin-friendly city and destination

Germany, like several other European countries, has started to recognize bitcoin as a form of currency. How to regulate this new digital currency has kept the German government and financial departments busy, but there is no doubt that German vendors and consumers can use this currency as a means to pay for goods and services.

Berlin has been the major German city to embrace the exchange of bitcoin with the first bitcoin-accepting bar, Room77, along with the EpicenterBitcoin podcasts. Additionally, the Bitcoin Meetup meets in Berlin, where many of the attendees are active members in the Federal Association of Bitcoin, a group that aims to protect the rights of the bitcoin community.

This is the major reason that cryptocurrencies have been able to gain so much traction in the German capital — residents are open-minded about this new digital trend and continue to embrace the possibility for a crypto economy.

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Netherlands leading the way with “Bitcoin Boulevards” in major cities

The Netherlands, though relatively small when compared to other European countries with a population of about 17 million, is proving to be a major player on the world stage when it comes to embracing blockchain technology and cryptocurrencies.

Back in 2014, when bitcoin was still somewhat new, Arnhem, one of the larger cities in the Netherlands and closer to the German border, became the first city to have general supermarkets that accept bitcoin.

Since May of 2014, more and more shop owners joined the supermarkets and started accepting bitcoins as well, so there is a greater diversity of products that people can pay for with cryptocurrency.

More recently, back in March of this year, Hendrik Jan Hilbolling and Peter Klassen convinced ten different merchants, who owned shops set up along a canal in the Hague, to start accepting bitcoin as payment in their stores. This line of shops is now referred to as the first “Bitcoin Boulevard” in the Netherlands. The Boulevard includes nine restaurants as well as an art gallery.

This breakthrough idea has attracted a lot of attention from the media. The concept of a bitcoin boulevard makes the statement that a city is open to new technology as our global economy shifts towards a crypto economy.

In the Netherlands there is an abundance of places where you can pay with bitcoins. Many of those places are online shops, but we can find nice spots all over the country where you can sit down and spend your bitcoins on a nice meal or a cool drink.

Here are some other well-known places within the Netherlands that are now accepting bitcoin as payment:

1. AMSTERDAM

Looking for accommodation that accepts bitcoin? easyHotel Amsterdam City Centre and Cocomama Hotel are two hotels in the very popular and trendy “Pijp” neighborhood just south of the scenic canal rings of the historic Amsterdam city centre that allows guests to book their stay and pay with bitcoins.

As for sightseeing, the Netherlands is known for biking as the main form of transportation. Starbikes in Amsterdam allows you to rent bikes with bitcoin for as little as 5 euros for half a day.

If biking isn’t necessarily your thing, Amsterdam Boat Events, offers a series of bitcoin-friendly options for spending a portion of your trip on the lovely canals that Amsterdam is known for.

Head over to Cafe Kobalt, which is within walking distance of Amsterdam’s Central Station for a bite to eat or a quick drink, and of course, you can pay with bitcoin.

2. DELFT

Delft has a great variety of pubs and restaurants, but a popular favourite is De Waag — the first restaurant accepting bitcoins in The Netherlands. It is situated on the “Markt”, which is the main square in Delft. It offers not only great cappuccinos and pastries, but it is also located in a beautiful, traditional Dutch-style building.

3. ONLINE

Thuisbezorgd.nl is a popular food delivery service in the Netherlands, and for the past six months has been accepting bitcoin as payment. Now it is even easier to pay for food delivered straight to your door.

Living in the Netherlands and have iDeal? Join this evolution of money and visit Bitmoney.eu today to start purchasing your bitcoins today!

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Bitcoin made easy – 3 simple steps with Bitmoney.eu

Do you live in the Netherlands, Belgium, Germany or Austria? Do you have iDeal, Bancontact, Sofort or GiroPay and want to buy bitcoin? Bitmoney.eu provides a solution in these three simple steps:

1. Go to Bitmoney.eu by clicking here.
Bitmoney.eu is an online platform that makes buying bitcoins accessible to everyone in the EU with the four payment methods listed above.

2. Enter the euro or bitcoin amount you wish to exchange for and select one of the four payment options
Bitmoney is working on incorporating more payment methods in the near future to extend their reach to even more countries in Europe.

Bitmoney gives you the option to add to an existing e-wallet. Or, for customers that do not already have one set up, Bitmoney creates one automatically with the email address provided.

3. Fill out your customer details and you’re done!
When you create an account with Bitmoney.eu, you will be able to buy additional bitcoins (and potentially other cryptocurrencies) through our site and keep all of your funds in one place.

Bitmoney.eu is a safe and secure solution to buying bitcoins. Join this evolution of money and visit our site today to start purchasing bitcoins!

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Bitcoin, Ethereum… Okay, but what about Litecoin?

The big two cryptocurrencies that everyone seems to be focusing their attention on are bitcoin and ethereum. Both are very strong and have seen significant gains in the last year. But have you heard about litecoin?

Litecoin, though not as high in value as bitcoin and ethereum, has had a boost in the recent months as well. Now at about $52 per litecoin, this cryptocurrency is also proving to be popular amongst crypto-enthusiasts looking to fill the e-wallets with solid investments.

Like bitcoin and ethereum, litecoin is fully decentralized without any control from central authorities. The blockchain network is completely secure, allowing individuals who own this cryptocurrency to be in full control of their finances. Litecoin owners also get to experience faster transaction confirmation. With more substantial support from the crypto industry, liquidity and trade volume, litecoin will surely compliment bitcoin in the future as a cryptocurrency.

Because of this potential, Bitmoney.eu is looking to incorporate litecoin purchase and exchange on their site. Users will soon be able to exchange litecoins for bitcoins (and vice versus), as well as purchasing litecoin directly from Bitmoney.eu.

If Bitmoney.eu is already your favorite bitcoin purchasing platform and you are looking to fill your e-wallet with even more cryptocurrency, keep checking back for updates about integrating litecoin into this platform.

If you don’t already have an e-wallet, Bitmoney will create one for you automatically, or if you haven’t tried to purchase with Bitmoney.eu, join this evolution of money and visit the site today to start investing in bitcoin!

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What do I choose: bitcoin or ethereum?

Our economy has slowly started shifting to a crypto economy with all of these digital currencies in circulation now. There are currently over 900 cryptocurrencies available, and that number continues to grow. With 900+ cryptocurrencies, people have a wide variety of options to fill their e-wallets with.

In recent news, the real crypto battle seems to be between bitcoin, the first cryptocurrency that was created nine years ago, and ethereum, which is still relatively new but has gained quite some traction in the past three or so years. So which one is better to buy?

Off the bat, a fair amount of people would say that bitcoin is the better cryptocurrency because it has been around the longest and has the highest value per coin. However, ethereum, though not as “old” and lower in value, has some interesting aspects that bitcoin does not have.

Most people know ethereum for its smart contract technology. Smart contracts are a vital aspect of the cryptocurrency itself as well as the blockchain industry since they allow people to create decentralized applications and agreements. Bitcoin is looking to integrate this protocol soon since it lacks the decentralized application possibilities. However, it is predicted that this technology will be relatively mainstream in terms of cryptocurrency in the future. But for now, ethereum has the technological edge over bitcoin from this perspective.

Bitcoin and ethereum also differ in the number of coins that are in circulation. There are significantly fewer bitcoins than ethereum ethers. The supply of bitcoins is capped at 21 million whereas ethereum has 92+ million — and more are being mined each day.

Ethereum is not the only cryptocurrency without a fixed supply cap, but this lack of a maximum coin circulation limit could lead to issues in the future. Bitcoin is much safer in this regard because there is a finite supply available for people to buy.

Both, bitcoin and ethereum, in the past few months have seen significant gains in overall value. The increase in the value of bitcoin has been a bit more steady over time and percentage-wise smaller than ethereum, but bitcoin has also been in circulation for longer. Ethereum on the other hand, has seen faster, more exponential gains.

Also noteworthy, the value of ethereum is inversely proportional to price of bitcoin, meaning that when the value of bitcoin increases, the value of ethereum will tend to go down a bit until stabilizes and vice versus. Both of these cryptocurrencies are extremely volatile; when there is a shift in the market, bitcoin and ethereum have proven to correct themselves within a few hours of the price change.

For the current market, bitcoin is clearly the more dominant and consistent cryptocurrency, while ethereum seems to being trying to stabilize a bit more. Bitcoin is the “keystone” in cryptocurrency — the value of all cryptocurrencies depends on how bitcoin is performing, and ethereum is no exception to that.

At the moment, Bitmoney.eu makes it possible for people within the EU to purchase bitcoins with their user-friendly, safe, and secure transaction platform. They accept four popular online payment methods, including iDeal, Sofort, Bancontact, and GiroPay. They also have bank transfers and Visa/Mastercard payment options in the works.

Bitmoney.eu is also looking to expand even more by incorporating different cryptocurrencies into their platform — ethereum included. Additionally, Bitmoney.eu would also like to incorporate the option to buy litecoin, with its recent boost in value.

Join this evolution of money today by purchasing your bitcoins (and soon other cryptocurrencies as well) via Bitmoney.eu! Don’t have a wallet yet? Not a problem! Bitmoney.eu will create one for you automatically, not extra hassle. Visit our site today!

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Facebook, Twitter, Instagram, social media…OH MY!

After having to forcefully shut down for a month due to excessive traffic, Bitmoney.eu has successfully relaunched their bitcoin exchange platform along with a few social media accounts.

With some time off to reconstruct and fix the site, the Bitmoney team created several mainstream social accounts for new and returning customers to keep up with everything Bitmoney.eu.

For the relaunch, Bitmoney.eu is keeping their four traditional payment methods: iDeal for customers from the Netherlands, Bancontact for customers from Belgium, GiroPay for customers from Germany, and Sofort for customers from Germany, Austria, Italy, and several other western European countries.

Although this is a very solid customer base and target group, Bitmoney.eu’s main goal is to expand even more, meaning that they are looking to incorporate even more payment methods. Currently, the payment method “on deck” is IBAN/SWIFT, allowing customers to do a simple bank transfer in exchange for the oh-so-valuable bitcoin. Bitmoney.eu is also planning on incorporating Visa/Mastercard in the next coming months, so keep an eye out!

For reviews on the site, click here and see what the bitcoin community thinks about Bitmoney.eu. Visit our site yourself to become part of this evolution of money by purchasing your own bitcoins today!

Join the bitcoin hype and follow @bitmoneyeu on Instagram and Twitter. Also, don’t forget to “like” Bitmoney on Facebook.

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The best time to buy bitcoin was last year, the second best time to buy is now

Everyone is talking about bitcoin…or blockchain..or cryptocurrencies. There is buzz everywhere. If you do not know exactly what bitcoin is, you have at least heard of it. Simply put, Bitcoin is essentially an encryption key that is kept in the ledger of the individual trader. If you own this special encryption key, you are capable of trading bitcoin for goods, services, and various other types of cryptocurrencies.

The value of bitcoin is controlled by the total value of goods in transit via bitcoin trade or transfer as payment. Thus, as more and more trades are made to buy bitcoins, the bitcoin value will continue to increase proportionally with transactions.

With traditional currency, the fluctuation in value can be controlled by the government by restricting supply and demand as much as needed. However, with digital currency, the government cannot control the supply. So with more and more transactions being made, the supply of bitcoin will only continue to increase, and in turn, increase in value.

So the question is: should you buy bitcoin or should you hold off for now?

In the last 12 months, the total number of bitcoins in circulation rose by about ten percent, the trading volume on major bitcoin exchanges and platforms is structurally higher, and the average number of transactions per blockchain block is also structurally higher. That is quite the amount of progress and growth in the past year.

Bitcoin is making some serious coin right now for serious traders as there is an increasing demand from investors who see bitcoin as a useful hedge/allocation when putting together their portfolios. As our economy shifts to a crypto economy, we could very well get to a point where cryptocurrencies are the only acceptable form of payment.

There are also several online markets that make purchasing and exchanging bitcoins very easy and accessible to everyone, but prices are extremely sensitive to fluctuation and vary depending on the platform.

Since the price of bitcoin has fallen slightly in the recent weeks, now is an excellent time to buy. However, since bitcoin is so volatile, the price, after reaching an unexpected low, has already started to increase yet again. Stock up your wallet now while prices are still low and watch your investment grow.

Visit Bitmoney.eu and join this evolution of money by purchasing your bitcoins today!

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So what is it like to own the almighty bitcoin?

Bitcoin and cryptocurrencies have become the hot new buzzwords in technology and banking sectors. This new revolutionary form of currency is really stirring up the conversation about how people can handle their money. Despite the hype, there is still some skepticism around bitcoins. So what is it actually like to own bitcoins (or cryptocurrencies, in general)? What are some of the perks, per se? Well…

After you have purchased bitcoins, access is completely yours; no one else can access your bitcoins, meaning you do not have to worry about third party involvement at all. Pretty nice, right? Unless users make their wallet addresses public, transactions are completely private and safe.

Even if users did make their wallet addresses accessible to the public, no one would be able to trace transactions back to them, thus still keeping the amount of bitcoins any single user has anonymous. Wallet addresses can also be easily regenerated, increasing privacy of your money when compared to traditional currency systems.

With this high level of privacy, it makes it very difficult to steal bitcoins. It is only possible to steal Bitcoins if someone physically has access to a user’s computer, mobile device, etc. where their account can be accessed, and they send the bitcoins to their private account directly. Sounds like mission impossible, almost.

Besides being safe and secure, bitcoins are also easy to send. You can send bitcoin directly to anyone in the world and fast, including international transactions as well. All bitcoin transactions incredibly efficient. You do not need to wait for days on end for wire transfers to clear with the bank.

Once you have made your bitcoin transaction, you also avoid the risk of charge-backs. Bitcoin transactions are irreversible. When a transaction is made, only the bitcoin receiver as access to the associated private key. They are the only person that can change the ownership of the bitcoins. This ensures that there is no risk involved when receiving bitcoins.

On top of that, did you know that bitcoins are tax-free? With no third-party interactions, there is no viable way to implement a tax system over bitcoins.

Are you convinced now? Curious to give bitcoin a try? We at Bitmoney.eu have created a platform that makes purchasing bitcoin easy and accessible to everyone. Visit our site to make your first (hopefully of many) bitcoin transaction. Experience what it is like to own this incredible breakthrough currency today!

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