The Ultimate Guide to Bitcoin™ - ptgmedia.pearsoncmg.com

I'm Launching the First Truly Decentralized Private Marketplace [x-post from r/cryptocurrency]

Hey everyone,
Posting this here since there was a lively discussion related to the cs/engineering principles of the system on the cryptocurrency thread. This sub will probably be particularly interested in the paper on the system, which describes how the system works from a technical standpoint.

I've been working for almost a year now on a platform I call the Ultranet that I'm planning on launching in three weeks on February 25th at 12pm Pacific Time (signup here to be notified). It's a marketplace platform that is fully-decentralized, private, and censorship-resistant.

It works by having each user who runs the software download and store a cryptographically-secured copy of all of the listings, orders, ratings, and all other marketplace data through a concept I introduce in the paper called a "block pool." This means that as long as a single node somewhere in the world is running the Ultranet software, all data, including all listings and all reputation data, will be preserved. This is in stark contrast to virtually all platforms that exist today, which are subject to censorship of listings and/or outright take-down, the latter of which results in all reputation data being lost. Moreover, the Ultranet achieves censorship-resistance and privacy (it's pseudo-anonymous like Bitcoin) while maintaining feature parity and user experience parity with existing centralized marketplaces. It also introduces Ultra, a hyper-deflationary cryptocurrency that is burned every time an order is placed on the system and by merchants in order to promote their listings, resulting in increasing scarcity over time (i.e. hyper-deflation). Importantly, the use of a native cryptocurrency allows the value of the network to accrue to its users rather than a privileged few, while also giving people an incentive to use the system early on (thus helping to solve the "platform chicken and egg problem"). Finally, the software has a built-in fully-decentralized exchange mechanism I introduce in the paper called "interchange" that allows users to purchase Ultra using Bitcoin or Monero without any third parties involved, along with a fully-decentralized end-to-end encrypted messaging platform.

I know it's only natural for people to be skeptical when reading a post like this, but I worked really hard on this because I really believe that the direction society is headed under the dominance of "surveillance capitalism" needs to be challenged somehow, and because I thought all of the existing attempts at disrupting things weren't sufficient. As such, having invested a lot of time and energy into trying to engineer a better way, I think the Ultranet and the concepts I introduce in the paper and in the software itself can at least serve as a guide to get us started down a serious path toward a more open and more democratic platform ecosystem.

I'm launching the Ultranet in three weeks on February 25th at 12pm Pacific Time, at which point I'm going to make the software available for download on the ultranet.one website. I was going to wait until then to make my first post, but I thought publicizing it a bit before I release the final version of the software could give me a chance to address any last-minute concerns people might have about the first iteration (which is why I'm also releasing the code today; see below).

In the meantime, if you want to learn more about the platform, below are some resources:

Thanks, and for anyone who reads this far just know that it means a lot to me that you are considering my work.
submitted by tyfudgey to compsci [link] [comments]

SKRILL(15€/10£) - VERSE €\£5 - CURVE(5£) - WORLDREMIT(25 euros, 30CAD, 35 AUD e.t.c.) - XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) - TRANSFERGO(10£/12€) - TRANSFEWISE(5€) - CURRENCY FAIR(30€) - XAPO($10 IN BTC) - Celsius Network (UP TO $ 220 in BTC) - LUNO(25) - BITPANDA(10)

BE CAREFUL PLEASE - I WILL PERSONALLY PROVIDE YOU WITH MY UNIQUE LINKS AND PROMO CODES TO INSURE (PROTECT) OUR REWARDS.
BANKS - BANKING SERVICES AND CRYPTOCURRENCIES – FREE MONEY - FREE CRYPTO -SKRILL(15€/10£) - VERSE €\£5 - CURVE(5£) - WORLDREMIT(25 euros, 30CAD, 35 AUD e.t.c.) - XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) - TRANSFERGO(10£/12€) - TRANSFEWISE(5€) - CURRENCY FAIR(30€) - XAPO($10 IN BTC) - Celsius Network (UP TO $ 220 in BTC) - CRYPTO.COM ($50 in MCO) - IBANWALLET($25/25€)
Bitpanda (10)
Bitpanda (One of the mots known Crypto Currency Services)
  1. PM Me for Referral Link (in order to protect both our rewards)
  2. Verify your identity
  3. Deposit at least €25 on your account via bank transfer
  4. Buy €25 in cryptocurrency (for example Bitcoin (BTC), Ethereum (ETH) or (USDC) for a more stable crypto)
  5. The €10 bonus will be added to your account
  6. Complete the beginner quiz on https://www.bitpanda.com/academy/en/ to get €5 in BEST coins
  7. Sell all the cryptocurrency
  8. Transfer the money back to your bank :)
Luno(25)
Luno is a service to buy and sell cryptocurrencies. For new users: when buying €250 in BTC you get €15 free in BTC!
Steps:
Sign up through my link (send me a private message for my link and my code)
Verify your ID (it should take a around 30mins-1hour)
Fill in my code on the 'Rewards' page. If you get "This type of promotion code can only be applied once per person" then the code was already accepted during sign-up :)
Buy €250 in Bitcoin. You can deposit through Visa, which is instant and has no fee (no MasterCard, since the fees eat up your bonus), bank transfer (using Revolut it should only take a couple of hours) or iDeal.
After buying 250€ in Bitcoins the €15 in BTC will be credited to your account within a few minutes.
Sell the Bitcoins and transfer the full amount back to your bank account. It is possible that you end up with a bit less than €265 because of fees, but this shouldn't be more than a few euros. In my case I ended up with €262.27 due to fees and BTC fluctuation.
PM me for your bonus and enjoy!
Iban Wallet ($25/25€) + 10 from me
Step 1 : SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
Step 2 : Complete the sign up form and verify your ID. You only need a photo of it, no annoying calls to make. When it asks for a referral code, you should use mine.
Deposit €1,000/$1,000 or more. You can use a credit card or bank transfer.
Step 3 : You will immediately receive the bonus €25/$25. All €1,025/$1,025 can be immediately withdrawn.
Full terms and conditions : https://www.ibanwallet.com/terms
Xapo ($10 in BTC) +5 from me
Xapo is a nice platform for investing in cryptocurrency. They have also offer a good referral bonus of $10 paid in BTC just for depositing $100 (±£80, ±108 ) to your Xapo account.
Here's how to get it:
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK AND OPEN MY LINK ON YOUR PHONE (must be done on your phone so it tracks properly) and download the app.
  2. Finish your registration by providing your phone number, e-mail address and verify your identity. You will need a picture of your Passport/ID/Driver's license and a picture/PDF of any bill with your address.
  3. Deposit €100 by a regular SEPA transfer. It's free to do it. You can also use your card for an instant deposit but it will charge you extra 2% for it.
  4. Your bonus of $10 in BTC will be credited immediately after your transfer reaches your Xapo account. There is no need to invest your money or do anything else with it.
You can exchange your BTC to EUR and transfer it back to your bank account.
T&C : https://static.xapo.com/terms/index.html
Celsius Network (UP TO $60 in BTC) + 5 from me
Celsius Network is a cryptocurrency investment app where you can get 8-12% yearly return on your coins. You don't need to do anything with them - just keep them in your Celsius' wallet.
They have a great referral program, which gives you $10 for signing up with my link, depositing and keeping $200 worth of coins for 30 days. You will also get some percentage of interest paid from Celsius for your investment.
They also have a lot of promotional codes which you can use to get up to $60 worth of bonuses paid in BTC.
Here are all the steps for you to get your FREE $60:
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK and use it when signing up on the app.
  2. Verify your identity with a picture of your Passport/ID/Driver's license. It usually takes no more than 30 minutes.
3. In Celsius app go to 'Enter a promo code' and enter these codes (depending on the amount you're willing to deposit):
· SPRING - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· POV- $10 bonus paid in BTC when you deposit $200 and hold it for 3 days
· PAKMAN - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· SAGA - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· MINEABLE - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
4-Deposit crypto coins to your Celsius wallet. Make sure you entered the codes BEFORE your deposit. If you're not willing to risk with holding usual crypto coins (BTC/ETH/XRP/LTC etc.), which can gain or lose value, you can simply deposit one of the stablecoins (USDΤ/GUSD/TUSD/TGBP etc.), which will keep it's value. Buy your stablecoins on another cryptocurrency exchange platform. You can buy your USDΤ on CRYPTO.COM. (Referral code for crypto.com – SEND ME A MESSAGE) Make sure you deposit your coins in one transaction (equivalent to $100 or $200).
5-Hold your coins for these required days. Afterwards just transfer your coins, together with your bonuses back to wherever you want it and cash them out.
T&C: https://celsius.network/terms-of-use/
CRYPTO.COM ($50 in MCO) + 20 from me
Crypto.com is a well-known cryptocurrency exchange, and is paying 50$ to stake your crypto on their platform for 6 month. Im paying you 25$ of my reward to make the deal even better! So to get the bonus you have to buy and stake 50 MCO on crypto.com you will lock the 50 MCO for 6 months, but the reward will be withdrawable as soon as you stake the 50 MCO - so you can withdraw your bonus instantly.
Guide:
1. Sign up via my link - SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
2. Verify your account via KYC - just follow the instructions ID will be necessary!
3. Go to “Card” in the app and make the buy and staking of MCO, you will now have unlocked your reward, make the last few steps to order the ruby steel card - this will get you, free spotify, 2% cashbacks and a lot more!
4. Sell and withdraw you reward or let the reward stay in your wallet as an investment - that’s totally up to you!
5. Write me a message so I can give you the extra 25$ to make this a great deal!
T&C: https://blog.crypto.com/update-crypto-coms-bg50-both-get-50-referral-program/
CurrencyFair (30€) +10 from me
CurrencyFair is a service to send money internationally (just like Skrill, WorldRemit, Xoom etc.). They have now increased the referral bonus to €50 for new users when making a transfer of at least €2000 (or equivalent in another currency, ~ £1765). SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK. It is super easy to be obtained. I have proofs of my rewards! You must send 2000 Euros and after that you are credited 50 Euros in your CurrencyFair Account (3 Euros fee to transfer to your personal bank). The steps for the registration are very easy. Follow my link, chose to send approximate 2030 or 2040 due to the gap that CurrecyFair holds between exchange rates, verify your account (need to attach two proofs of identity and one proof of your address or one proof of your identity and two proofs of your address) and make the transfer through your Revolut or Monese account. For example, send money from Revolut EU account to Revolut GB account. Finally, your net profil will be about 20 euros.
T&C:https://www.currencyfair.com/express-deposits-terms-conditions/
Skrill (£10/€15 e.t.c.) + 5 from me
Skrill is a money transfer service, where you also get £10 referral discount for your first transfer. Skrill doesn't require any ID verification.
Here are the steps to get your FREE £10:
SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
  1. Choose the country where your other account is and enter £100.
  2. Complete all the details about your EUR account on the next page.
  3. Make sure you have written my code before submitting the transfer so you will only have to pay £90 and will receive £100 to your account.
  4. Finish the transfer by paying with your card. Easy as that.
It never took more than 24 hours for the money to reach my account.
If you're an existing member on Skrill but have never used Skrill Money Transfer you can still enter my code for your first transfer and get the discount. Please note - it might not work for really old Skrill accounts but it's still worth trying.
Here are the different options for countries outside of UK:
EUR countries = minimum transfer of 150€ to get 15€ off transaction
Canada = minimum transfer of 200$ to get 25$ off transaction.
Australia = minimum transfer of 100$ to get 40$ off transaction
South Africa = minimum transfer of 1500 ZAR to get 250 ZAR off transaction
T&C:https://www.skrill.com/en/footeterms-conditions/skrillaccounttermsofuse/
VERSE - €\£1 From Verse (UK or EU)
Verse is a money transfer service that has a generous reward for signing up. Steps are simple.
How to get the reward? From Verse (UK or EU) Verse is a money transfer service that has a generous reward for signing up. Steps are simple. How to get the reward?
[ HOW TO CLAIM MONEY ]
STEP 1 - SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK. DO NOT DOWNLOAD THE APP AND REGISTER AS IT IS FOR NEW USERS ONLY
STEP2 - Register using my link and load £20/€20 by linking your bank
STEP3 - Send the money to a friend or relative, or if you need assistance you can send to me and I’ll send it right back.
STEP4 - After both requirements are completed you can IMMEDIATELY claim your reward and withdrawal the money to your bank account.
If there are any inquiries, feel free to message me.
T&C:https://verse.me/en/terms
CURVE (5£) +1 from me
Curve is a great app where you can add all your debit and credit cards and spend from any of them just by choosing it with a tap of your finger.
Here's how to get your FREE £5:
  1. Download the Curve app on your phone. You can use this link ***SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK***
  2. Make sure to enter my code when signing up to get FREE £5 after your first transaction.
  3. Add one of your debit or credit cards in the app.
  4. Wait for your Curve MasterCard to arrive by post (it's completely free) and make your first payment. I added my Revolut card and topped up my Revolut account with Curve card in order to activate the bonus, so no actual spending needed. You can also add your Curve card to PayPal and verify it. It will count as a transaction and will activate the bonus.
  5. You will be awarded FREE £5, which you can spend anywhere with your Curve card.
T&C:https://www.curve.com/en/terms
WORLDREMIT (Voucher code 25 euros, 30CAD, 35 AUD e.t.c.) + 5 from me
SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
I send money online with WorldRemit. I think you should too. If you join and send 125.00 EUR we'll each get a 25.00 EUR voucher. Also, use the code 3FREE. The first free transactions are fee-free.
IF YOU YOU ARE NOT RESIDENT OF COUNTRY (ex. Belgium) WHERE YOU SEND MONEY TO AND DO NOT HAVE PHONE NUMBER (Belgium), BUT HAVE BELGIUM ACCOUNT, JUST FILL IN THE FIELDS WITH YOUR REAL INFORMATION. IT IS PASSED.
Warming : What is the minimum send amount to qualify for Refer a Friend? (IN this link you can find Sending from / Minimum send amount / Voucher amount)
T&C:https://www.worldremit.com/en/about-us/recipient-terms-conditions
XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) + 4 from me
It a trusted and really fast money transfer service, which offers **£10 referral reward (**£10/€10/$10 or equivalent in sending currency) (so called first transfer discount) if you haven’t tried their service yet.
Here are the steps to get your **FREE (**£10/€10/$10):
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
  2. Verify your identity with a picture of your Passport/ID/Driver’s license and your address with a picture of an utility bill. It took me around 4 hours to get verified, which is not too long. It was even faster for others I know.
  3. Make your first transfer of £100 or more)(minimum sending amount is £100/€100/$100, or equivalent in sending currency) . Click ‘Send Money’ on the Dashboard. On the next page choose that you’re sending money from UK to the country where your EUR account is and write 0 next to ‘Transfer Fee’, so it becomes free. You will see £10 discount applied, which means that you will have to pay £90 for this transfer and will receive equivalent to £100 in Euros.
  4. Enter your own personal details and your EUR account details.
  5. Pay with your card or bank transfer.
Your money should reach your account within 1 business day.
T&C:https://xendpay.com/xendpay-terms-and-conditions/
TRANSFERGO (10£) + 5 from me
Get £10 bonus using my referral code: Enter my code when signing up to get your £10 bonus. Once you’ve transferred over £50 or equivalent, you’ll receive your £10 cashback. I love using TransferGo to send money abroad! Try it for FREE yourself! After the identity verification you will receive a code for fee-free transfer. The procedure takes about 30 minutes to be completed.
We recommend reading our terms in full.
T&C: https://www.transfergo.com/en/terms-and-conditions
TRANSFERWISE (PROVIDE YOU WITH 5IF YOU DO A TRANSFER OVER 250)
TransferWise provides you with a first transfer of up to 500 GBP fee-free. And, as always — you’ll get the real exchange rate whenever you send money abroad. Instant transfer. In my case, I used my Revolut card (physical or virtual) and sent money (250€) from my EU Revolut account to GBP Revolut account. The money transfer was completed after 10 second and exchanged Pounds into Euro without losing anything. SEND ME A PERSONAL MESSAGE OR BID ME A S A COMMENT TO SEND YOU MY UNIQUE LINK.
T&C: https://transferwise.com/terms-and-conditions
submitted by AchilleasOikonomou to clicksforbeermoney [link] [comments]

Bitcoin (BTC)A Peer-to-Peer Electronic Cash System.

Bitcoin (BTC)A Peer-to-Peer Electronic Cash System.
  • Bitcoin (BTC) is a peer-to-peer cryptocurrency that aims to function as a means of exchange that is independent of any central authority. BTC can be transferred electronically in a secure, verifiable, and immutable way.
  • Launched in 2009, BTC is the first virtual currency to solve the double-spending issue by timestamping transactions before broadcasting them to all of the nodes in the Bitcoin network. The Bitcoin Protocol offered a solution to the Byzantine Generals’ Problem with a blockchain network structure, a notion first created by Stuart Haber and W. Scott Stornetta in 1991.
  • Bitcoin’s whitepaper was published pseudonymously in 2008 by an individual, or a group, with the pseudonym “Satoshi Nakamoto”, whose underlying identity has still not been verified.
  • The Bitcoin protocol uses an SHA-256d-based Proof-of-Work (PoW) algorithm to reach network consensus. Its network has a target block time of 10 minutes and a maximum supply of 21 million tokens, with a decaying token emission rate. To prevent fluctuation of the block time, the network’s block difficulty is re-adjusted through an algorithm based on the past 2016 block times.
  • With a block size limit capped at 1 megabyte, the Bitcoin Protocol has supported both the Lightning Network, a second-layer infrastructure for payment channels, and Segregated Witness, a soft-fork to increase the number of transactions on a block, as solutions to network scalability.

https://preview.redd.it/s2gmpmeze3151.png?width=256&format=png&auto=webp&s=9759910dd3c4a15b83f55b827d1899fb2fdd3de1

1. What is Bitcoin (BTC)?

  • Bitcoin is a peer-to-peer cryptocurrency that aims to function as a means of exchange and is independent of any central authority. Bitcoins are transferred electronically in a secure, verifiable, and immutable way.
  • Network validators, whom are often referred to as miners, participate in the SHA-256d-based Proof-of-Work consensus mechanism to determine the next global state of the blockchain.
  • The Bitcoin protocol has a target block time of 10 minutes, and a maximum supply of 21 million tokens. The only way new bitcoins can be produced is when a block producer generates a new valid block.
  • The protocol has a token emission rate that halves every 210,000 blocks, or approximately every 4 years.
  • Unlike public blockchain infrastructures supporting the development of decentralized applications (Ethereum), the Bitcoin protocol is primarily used only for payments, and has only very limited support for smart contract-like functionalities (Bitcoin “Script” is mostly used to create certain conditions before bitcoins are used to be spent).

2. Bitcoin’s core features

For a more beginner’s introduction to Bitcoin, please visit Binance Academy’s guide to Bitcoin.

Unspent Transaction Output (UTXO) model

A UTXO transaction works like cash payment between two parties: Alice gives money to Bob and receives change (i.e., unspent amount). In comparison, blockchains like Ethereum rely on the account model.
https://preview.redd.it/t1j6anf8f3151.png?width=1601&format=png&auto=webp&s=33bd141d8f2136a6f32739c8cdc7aae2e04cbc47

Nakamoto consensus

In the Bitcoin network, anyone can join the network and become a bookkeeping service provider i.e., a validator. All validators are allowed in the race to become the block producer for the next block, yet only the first to complete a computationally heavy task will win. This feature is called Proof of Work (PoW).
The probability of any single validator to finish the task first is equal to the percentage of the total network computation power, or hash power, the validator has. For instance, a validator with 5% of the total network computation power will have a 5% chance of completing the task first, and therefore becoming the next block producer.
Since anyone can join the race, competition is prone to increase. In the early days, Bitcoin mining was mostly done by personal computer CPUs.
As of today, Bitcoin validators, or miners, have opted for dedicated and more powerful devices such as machines based on Application-Specific Integrated Circuit (“ASIC”).
Proof of Work secures the network as block producers must have spent resources external to the network (i.e., money to pay electricity), and can provide proof to other participants that they did so.
With various miners competing for block rewards, it becomes difficult for one single malicious party to gain network majority (defined as more than 51% of the network’s hash power in the Nakamoto consensus mechanism). The ability to rearrange transactions via 51% attacks indicates another feature of the Nakamoto consensus: the finality of transactions is only probabilistic.
Once a block is produced, it is then propagated by the block producer to all other validators to check on the validity of all transactions in that block. The block producer will receive rewards in the network’s native currency (i.e., bitcoin) as all validators approve the block and update their ledgers.

The blockchain

Block production

The Bitcoin protocol utilizes the Merkle tree data structure in order to organize hashes of numerous individual transactions into each block. This concept is named after Ralph Merkle, who patented it in 1979.
With the use of a Merkle tree, though each block might contain thousands of transactions, it will have the ability to combine all of their hashes and condense them into one, allowing efficient and secure verification of this group of transactions. This single hash called is a Merkle root, which is stored in the Block Header of a block. The Block Header also stores other meta information of a block, such as a hash of the previous Block Header, which enables blocks to be associated in a chain-like structure (hence the name “blockchain”).
An illustration of block production in the Bitcoin Protocol is demonstrated below.

https://preview.redd.it/m6texxicf3151.png?width=1591&format=png&auto=webp&s=f4253304912ed8370948b9c524e08fef28f1c78d

Block time and mining difficulty

Block time is the period required to create the next block in a network. As mentioned above, the node who solves the computationally intensive task will be allowed to produce the next block. Therefore, block time is directly correlated to the amount of time it takes for a node to find a solution to the task. The Bitcoin protocol sets a target block time of 10 minutes, and attempts to achieve this by introducing a variable named mining difficulty.
Mining difficulty refers to how difficult it is for the node to solve the computationally intensive task. If the network sets a high difficulty for the task, while miners have low computational power, which is often referred to as “hashrate”, it would statistically take longer for the nodes to get an answer for the task. If the difficulty is low, but miners have rather strong computational power, statistically, some nodes will be able to solve the task quickly.
Therefore, the 10 minute target block time is achieved by constantly and automatically adjusting the mining difficulty according to how much computational power there is amongst the nodes. The average block time of the network is evaluated after a certain number of blocks, and if it is greater than the expected block time, the difficulty level will decrease; if it is less than the expected block time, the difficulty level will increase.

What are orphan blocks?

In a PoW blockchain network, if the block time is too low, it would increase the likelihood of nodes producingorphan blocks, for which they would receive no reward. Orphan blocks are produced by nodes who solved the task but did not broadcast their results to the whole network the quickest due to network latency.
It takes time for a message to travel through a network, and it is entirely possible for 2 nodes to complete the task and start to broadcast their results to the network at roughly the same time, while one’s messages are received by all other nodes earlier as the node has low latency.
Imagine there is a network latency of 1 minute and a target block time of 2 minutes. A node could solve the task in around 1 minute but his message would take 1 minute to reach the rest of the nodes that are still working on the solution. While his message travels through the network, all the work done by all other nodes during that 1 minute, even if these nodes also complete the task, would go to waste. In this case, 50% of the computational power contributed to the network is wasted.
The percentage of wasted computational power would proportionally decrease if the mining difficulty were higher, as it would statistically take longer for miners to complete the task. In other words, if the mining difficulty, and therefore targeted block time is low, miners with powerful and often centralized mining facilities would get a higher chance of becoming the block producer, while the participation of weaker miners would become in vain. This introduces possible centralization and weakens the overall security of the network.
However, given a limited amount of transactions that can be stored in a block, making the block time too longwould decrease the number of transactions the network can process per second, negatively affecting network scalability.

3. Bitcoin’s additional features

Segregated Witness (SegWit)

Segregated Witness, often abbreviated as SegWit, is a protocol upgrade proposal that went live in August 2017.
SegWit separates witness signatures from transaction-related data. Witness signatures in legacy Bitcoin blocks often take more than 50% of the block size. By removing witness signatures from the transaction block, this protocol upgrade effectively increases the number of transactions that can be stored in a single block, enabling the network to handle more transactions per second. As a result, SegWit increases the scalability of Nakamoto consensus-based blockchain networks like Bitcoin and Litecoin.
SegWit also makes transactions cheaper. Since transaction fees are derived from how much data is being processed by the block producer, the more transactions that can be stored in a 1MB block, the cheaper individual transactions become.
https://preview.redd.it/depya70mf3151.png?width=1601&format=png&auto=webp&s=a6499aa2131fbf347f8ffd812930b2f7d66be48e
The legacy Bitcoin block has a block size limit of 1 megabyte, and any change on the block size would require a network hard-fork. On August 1st 2017, the first hard-fork occurred, leading to the creation of Bitcoin Cash (“BCH”), which introduced an 8 megabyte block size limit.
Conversely, Segregated Witness was a soft-fork: it never changed the transaction block size limit of the network. Instead, it added an extended block with an upper limit of 3 megabytes, which contains solely witness signatures, to the 1 megabyte block that contains only transaction data. This new block type can be processed even by nodes that have not completed the SegWit protocol upgrade.
Furthermore, the separation of witness signatures from transaction data solves the malleability issue with the original Bitcoin protocol. Without Segregated Witness, these signatures could be altered before the block is validated by miners. Indeed, alterations can be done in such a way that if the system does a mathematical check, the signature would still be valid. However, since the values in the signature are changed, the two signatures would create vastly different hash values.
For instance, if a witness signature states “6,” it has a mathematical value of 6, and would create a hash value of 12345. However, if the witness signature were changed to “06”, it would maintain a mathematical value of 6 while creating a (faulty) hash value of 67890.
Since the mathematical values are the same, the altered signature remains a valid signature. This would create a bookkeeping issue, as transactions in Nakamoto consensus-based blockchain networks are documented with these hash values, or transaction IDs. Effectively, one can alter a transaction ID to a new one, and the new ID can still be valid.
This can create many issues, as illustrated in the below example:
  1. Alice sends Bob 1 BTC, and Bob sends Merchant Carol this 1 BTC for some goods.
  2. Bob sends Carols this 1 BTC, while the transaction from Alice to Bob is not yet validated. Carol sees this incoming transaction of 1 BTC to him, and immediately ships goods to B.
  3. At the moment, the transaction from Alice to Bob is still not confirmed by the network, and Bob can change the witness signature, therefore changing this transaction ID from 12345 to 67890.
  4. Now Carol will not receive his 1 BTC, as the network looks for transaction 12345 to ensure that Bob’s wallet balance is valid.
  5. As this particular transaction ID changed from 12345 to 67890, the transaction from Bob to Carol will fail, and Bob will get his goods while still holding his BTC.
With the Segregated Witness upgrade, such instances can not happen again. This is because the witness signatures are moved outside of the transaction block into an extended block, and altering the witness signature won’t affect the transaction ID.
Since the transaction malleability issue is fixed, Segregated Witness also enables the proper functioning of second-layer scalability solutions on the Bitcoin protocol, such as the Lightning Network.

Lightning Network

Lightning Network is a second-layer micropayment solution for scalability.
Specifically, Lightning Network aims to enable near-instant and low-cost payments between merchants and customers that wish to use bitcoins.
Lightning Network was conceptualized in a whitepaper by Joseph Poon and Thaddeus Dryja in 2015. Since then, it has been implemented by multiple companies. The most prominent of them include Blockstream, Lightning Labs, and ACINQ.
A list of curated resources relevant to Lightning Network can be found here.
In the Lightning Network, if a customer wishes to transact with a merchant, both of them need to open a payment channel, which operates off the Bitcoin blockchain (i.e., off-chain vs. on-chain). None of the transaction details from this payment channel are recorded on the blockchain, and only when the channel is closed will the end result of both party’s wallet balances be updated to the blockchain. The blockchain only serves as a settlement layer for Lightning transactions.
Since all transactions done via the payment channel are conducted independently of the Nakamoto consensus, both parties involved in transactions do not need to wait for network confirmation on transactions. Instead, transacting parties would pay transaction fees to Bitcoin miners only when they decide to close the channel.
https://preview.redd.it/cy56icarf3151.png?width=1601&format=png&auto=webp&s=b239a63c6a87ec6cc1b18ce2cbd0355f8831c3a8
One limitation to the Lightning Network is that it requires a person to be online to receive transactions attributing towards him. Another limitation in user experience could be that one needs to lock up some funds every time he wishes to open a payment channel, and is only able to use that fund within the channel.
However, this does not mean he needs to create new channels every time he wishes to transact with a different person on the Lightning Network. If Alice wants to send money to Carol, but they do not have a payment channel open, they can ask Bob, who has payment channels open to both Alice and Carol, to help make that transaction. Alice will be able to send funds to Bob, and Bob to Carol. Hence, the number of “payment hubs” (i.e., Bob in the previous example) correlates with both the convenience and the usability of the Lightning Network for real-world applications.

Schnorr Signature upgrade proposal

Elliptic Curve Digital Signature Algorithm (“ECDSA”) signatures are used to sign transactions on the Bitcoin blockchain.
https://preview.redd.it/hjeqe4l7g3151.png?width=1601&format=png&auto=webp&s=8014fb08fe62ac4d91645499bc0c7e1c04c5d7c4
However, many developers now advocate for replacing ECDSA with Schnorr Signature. Once Schnorr Signatures are implemented, multiple parties can collaborate in producing a signature that is valid for the sum of their public keys.
This would primarily be beneficial for network scalability. When multiple addresses were to conduct transactions to a single address, each transaction would require their own signature. With Schnorr Signature, all these signatures would be combined into one. As a result, the network would be able to store more transactions in a single block.
https://preview.redd.it/axg3wayag3151.png?width=1601&format=png&auto=webp&s=93d958fa6b0e623caa82ca71fe457b4daa88c71e
The reduced size in signatures implies a reduced cost on transaction fees. The group of senders can split the transaction fees for that one group signature, instead of paying for one personal signature individually.
Schnorr Signature also improves network privacy and token fungibility. A third-party observer will not be able to detect if a user is sending a multi-signature transaction, since the signature will be in the same format as a single-signature transaction.

4. Economics and supply distribution

The Bitcoin protocol utilizes the Nakamoto consensus, and nodes validate blocks via Proof-of-Work mining. The bitcoin token was not pre-mined, and has a maximum supply of 21 million. The initial reward for a block was 50 BTC per block. Block mining rewards halve every 210,000 blocks. Since the average time for block production on the blockchain is 10 minutes, it implies that the block reward halving events will approximately take place every 4 years.
As of May 12th 2020, the block mining rewards are 6.25 BTC per block. Transaction fees also represent a minor revenue stream for miners.
submitted by D-platform to u/D-platform [link] [comments]

I'm Launching the First Truly Decentralized Private Marketplace to Challenge the Platform Oligarchy

Hey everyone,

I've been working for almost a year now on a platform I call the Ultranet that I'm planning on launching in three weeks on February 25th at 9am Pacific Time. It's a marketplace platform that is fully-decentralized, private, and censorship-resistant and my hope is that it can be the first major marketplace platform that is fully open-source and mutually owned/controlled by the people who run the software and who hold its native hyper-deflationary currency (called Ultra). In other words, a free and open-source/democratic alternative to the existing platform monopolies that are currently owned and controlled by a privileged few (a "platform oligarchy" of sorts).

It works by having each user who runs the software download and store a cryptographically-secured copy of all of the listings, orders, ratings, and all other marketplace data through a concept I introduce in the paper called a "block pool." This means that as long as a single node somewhere in the world is running the Ultranet software, all data, including all listings and all reputation data, will be preserved. This is in stark contrast to virtually all platforms that exist today, which are subject to censorship of listings and/or outright take-down, the latter of which results in all reputation data being lost. Moreover, the Ultranet achieves censorship-resistance and privacy (it's pseudo-anonymous like Bitcoin) while maintaining feature parity and user experience parity with existing centralized marketplaces. It also introduces Ultra, a hyper-deflationary cryptocurrency that is burned every time an order is placed on the system and by merchants in order to promote their listings, resulting in increasing scarcity over time (i.e. hyper-deflation). Importantly, the use of a native cryptocurrency allows the value of the network to accrue to its users rather than a privileged few, while also giving people an incentive to use the system early on (thus helping to solve the "platform chicken and egg problem"). Finally, the software has a built-in fully-decentralized exchange mechanism I introduce in the paper called "interchange" that allows users to purchase Ultra using Bitcoin or Monero without any third parties involved, along with a fully-decentralized end-to-end encrypted messaging platform.

I know it's only natural for people to be skeptical when reading a post like this, but I worked really hard on this because I really believe that the direction society is headed under the dominance of "surveillance capitalism" needs to be challenged somehow, and because I thought all of the existing attempts at disrupting things weren't sufficient. As such, having invested a lot of time and energy into trying to engineer a better way, I think the Ultranet and the concepts I introduce in the paper and in the software itself can at least serve as a guide to get us started down a serious path toward a more open and more democratic platform ecosystem.

I'm launching the Ultranet in three weeks on February 25th at 9am Pacific Time, at which point I'm going to make the software available for download on the ultranet.one website. I was going to wait until then to make my first post, but I thought publicizing it a bit before I release the final version of the software could give me a chance to address any last-minute concerns people might have about the first iteration (which is why I'm also releasing the code today; see below).

In the meantime, if you want to learn more about the platform, below are some resources:

Thanks, and for anyone who reads this far just know that it means a lot to me that you are considering my work.
submitted by tosbigtree to cryptodevs [link] [comments]

SKRILL(15€/10£) - VERSE €\£5 - CURVE(5£) - WORLDREMIT(25 euros, 30CAD, 35 AUD e.t.c.) - XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) - TRANSFERGO(10£/12€) - TRANSFEWISE(5€) - CURRENCY FAIR(30€) - XAPO($10 IN BTC) - Celsius Network (UP TO $ 220 in BTC) - LUNO(25) - BITPANDA(10)

BE CAREFUL PLEASE - I WILL PERSONALLY PROVIDE YOU WITH MY UNIQUE LINKS AND PROMO CODES TO INSURE (PROTECT) OUR REWARDS.
BANKS - BANKING SERVICES AND CRYPTOCURRENCIES – FREE MONEY - FREE CRYPTO -SKRILL(15€/10£) - VERSE €\£5 - CURVE(5£) - WORLDREMIT(25 euros, 30CAD, 35 AUD e.t.c.) - XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) - TRANSFERGO(10£/12€) - TRANSFEWISE(5€) - CURRENCY FAIR(30€) - XAPO($10 IN BTC) - Celsius Network (UP TO $ 220 in BTC) - CRYPTO.COM ($50 in MCO) - IBANWALLET($25/25€)
Bitpanda (10) + 5 from me
Bitpanda (One of the mots known Crypto Currency Services)
  1. PM Me for Referral Link (in order to protect both our rewards)
  2. Verify your identity
  3. Deposit at least €25 on your account via bank transfer
  4. Buy €25 in cryptocurrency (for example Bitcoin (BTC), Ethereum (ETH) or (USDC) for a more stable crypto)
  5. The €10 bonus will be added to your account
  6. Complete the beginner quiz on https://www.bitpanda.com/academy/en/ to get €5 in BEST coins
  7. Sell all the cryptocurrency
  8. Transfer the money back to your bank :)
Luno(25) + 10 from me
Luno is a service to buy and sell cryptocurrencies. For new users: when buying €250 in BTC you get €15 free in BTC!
Steps:
Sign up through my link (send me a private message for my link and my code)
Verify your ID (it should take a around 30mins-1hour)
Fill in my code on the 'Rewards' page. If you get "This type of promotion code can only be applied once per person" then the code was already accepted during sign-up :)
Buy €250 in Bitcoin. You can deposit through Visa, which is instant and has no fee (no MasterCard, since the fees eat up your bonus), bank transfer (using Revolut it should only take a couple of hours) or iDeal.
After buying 250€ in Bitcoins the €15 in BTC will be credited to your account within a few minutes.
Sell the Bitcoins and transfer the full amount back to your bank account. It is possible that you end up with a bit less than €265 because of fees, but this shouldn't be more than a few euros. In my case I ended up with €262.27 due to fees and BTC fluctuation.
PM me for your bonus and enjoy!
Iban Wallet ($25/25€) + 10 from me
Step 1 : SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
Step 2 : Complete the sign up form and verify your ID. You only need a photo of it, no annoying calls to make. When it asks for a referral code, you should use mine.
Deposit €1,000/$1,000 or more. You can use a credit card or bank transfer.
Step 3 : You will immediately receive the bonus €25/$25. All €1,025/$1,025 can be immediately withdrawn.
Full terms and conditions : https://www.ibanwallet.com/terms
Xapo ($10 in BTC) +5 from me
Xapo is a nice platform for investing in cryptocurrency. They have also offer a good referral bonus of $10 paid in BTC just for depositing $100 (±£80, ±108 ) to your Xapo account.
Here's how to get it:
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK AND OPEN MY LINK ON YOUR PHONE (must be done on your phone so it tracks properly) and download the app.
  2. Finish your registration by providing your phone number, e-mail address and verify your identity. You will need a picture of your Passport/ID/Driver's license and a picture/PDF of any bill with your address.
  3. Deposit €100 by a regular SEPA transfer. It's free to do it. You can also use your card for an instant deposit but it will charge you extra 2% for it.
  4. Your bonus of $10 in BTC will be credited immediately after your transfer reaches your Xapo account. There is no need to invest your money or do anything else with it.
You can exchange your BTC to EUR and transfer it back to your bank account.
T&C : https://static.xapo.com/terms/index.html
Celsius Network (UP TO $60 in BTC) + 5 from me
Celsius Network is a cryptocurrency investment app where you can get 8-12% yearly return on your coins. You don't need to do anything with them - just keep them in your Celsius' wallet.
They have a great referral program, which gives you $10 for signing up with my link, depositing and keeping $200 worth of coins for 30 days. You will also get some percentage of interest paid from Celsius for your investment.
They also have a lot of promotional codes which you can use to get up to $60 worth of bonuses paid in BTC.
Here are all the steps for you to get your FREE $60:
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK and use it when signing up on the app.
  2. Verify your identity with a picture of your Passport/ID/Driver's license. It usually takes no more than 30 minutes.
3. In Celsius app go to 'Enter a promo code' and enter these codes (depending on the amount you're willing to deposit):
· SPRING - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· POV- $10 bonus paid in BTC when you deposit $200 and hold it for 3 days
· PAKMAN - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· SAGA - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· MINEABLE - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
4-Deposit crypto coins to your Celsius wallet. Make sure you entered the codes BEFORE your deposit. If you're not willing to risk with holding usual crypto coins (BTC/ETH/XRP/LTC etc.), which can gain or lose value, you can simply deposit one of the stablecoins (USDΤ/GUSD/TUSD/TGBP etc.), which will keep it's value. Buy your stablecoins on another cryptocurrency exchange platform. You can buy your USDΤ on CRYPTO.COM. (Referral code for crypto.com – SEND ME A MESSAGE) Make sure you deposit your coins in one transaction (equivalent to $100 or $200).
5-Hold your coins for these required days. Afterwards just transfer your coins, together with your bonuses back to wherever you want it and cash them out.
T&C: https://celsius.network/terms-of-use/
CRYPTO.COM ($50 in MCO) + 20 from me
Crypto.com is a well-known cryptocurrency exchange, and is paying 50$ to stake your crypto on their platform for 6 month. Im paying you 25$ of my reward to make the deal even better! So to get the bonus you have to buy and stake 50 MCO on crypto.com you will lock the 50 MCO for 6 months, but the reward will be withdrawable as soon as you stake the 50 MCO - so you can withdraw your bonus instantly.
Guide:
1. Sign up via my link - SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
2. Verify your account via KYC - just follow the instructions ID will be necessary!
3. Go to “Card” in the app and make the buy and staking of MCO, you will now have unlocked your reward, make the last few steps to order the ruby steel card - this will get you, free spotify, 2% cashbacks and a lot more!
4. Sell and withdraw you reward or let the reward stay in your wallet as an investment - that’s totally up to you!
5. Write me a message so I can give you the extra 25$ to make this a great deal!
T&C: https://blog.crypto.com/update-crypto-coms-bg50-both-get-50-referral-program/
CurrencyFair (30€) +10 from me
CurrencyFair is a service to send money internationally (just like Skrill, WorldRemit, Xoom etc.). They have now increased the referral bonus to €50 for new users when making a transfer of at least €2000 (or equivalent in another currency, ~ £1765). SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK. It is super easy to be obtained. I have proofs of my rewards! You must send 2000 Euros and after that you are credited 50 Euros in your CurrencyFair Account (3 Euros fee to transfer to your personal bank). The steps for the registration are very easy. Follow my link, chose to send approximate 2030 or 2040 due to the gap that CurrecyFair holds between exchange rates, verify your account (need to attach two proofs of identity and one proof of your address or one proof of your identity and two proofs of your address) and make the transfer through your Revolut or Monese account. For example, send money from Revolut EU account to Revolut GB account. Finally, your net profil will be about 20 euros.
T&C:https://www.currencyfair.com/express-deposits-terms-conditions/
Skrill (£10/€15 e.t.c.) + 5 from me
Skrill is a money transfer service, where you also get £10 referral discount for your first transfer. Skrill doesn't require any ID verification.
Here are the steps to get your FREE £10:
SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
  1. Choose the country where your other account is and enter £100.
  2. Complete all the details about your EUR account on the next page.
  3. Make sure you have written my code before submitting the transfer so you will only have to pay £90 and will receive £100 to your account.
  4. Finish the transfer by paying with your card. Easy as that.
It never took more than 24 hours for the money to reach my account.
If you're an existing member on Skrill but have never used Skrill Money Transfer you can still enter my code for your first transfer and get the discount. Please note - it might not work for really old Skrill accounts but it's still worth trying.
Here are the different options for countries outside of UK:
EUR countries = minimum transfer of 150€ to get 15€ off transaction
Canada = minimum transfer of 200$ to get 25$ off transaction.
Australia = minimum transfer of 100$ to get 40$ off transaction
South Africa = minimum transfer of 1500 ZAR to get 250 ZAR off transaction
T&C:https://www.skrill.com/en/footeterms-conditions/skrillaccounttermsofuse/
VERSE - €\£1 From Verse (UK or EU)
Verse is a money transfer service that has a generous reward for signing up. Steps are simple.
How to get the reward? From Verse (UK or EU) Verse is a money transfer service that has a generous reward for signing up. Steps are simple. How to get the reward?
[ HOW TO CLAIM MONEY ]
STEP 1 - SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK. DO NOT DOWNLOAD THE APP AND REGISTER AS IT IS FOR NEW USERS ONLY
STEP2 - Register using my link and load £20/€20 by linking your bank
STEP3 - Send the money to a friend or relative, or if you need assistance you can send to me and I’ll send it right back.
STEP4 - After both requirements are completed you can IMMEDIATELY claim your reward and withdrawal the money to your bank account.
If there are any inquiries, feel free to message me.
T&C:https://verse.me/en/terms
CURVE (5£) +1 from me
Curve is a great app where you can add all your debit and credit cards and spend from any of them just by choosing it with a tap of your finger.
Here's how to get your FREE £5:
  1. Download the Curve app on your phone. You can use this link ***SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK***
  2. Make sure to enter my code when signing up to get FREE £5 after your first transaction.
  3. Add one of your debit or credit cards in the app.
  4. Wait for your Curve MasterCard to arrive by post (it's completely free) and make your first payment. I added my Revolut card and topped up my Revolut account with Curve card in order to activate the bonus, so no actual spending needed. You can also add your Curve card to PayPal and verify it. It will count as a transaction and will activate the bonus.
  5. You will be awarded FREE £5, which you can spend anywhere with your Curve card.
T&C:https://www.curve.com/en/terms
WORLDREMIT (Voucher code 25 euros, 30CAD, 35 AUD e.t.c.) + 5 from me
SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
I send money online with WorldRemit. I think you should too. If you join and send 125.00 EUR we'll each get a 25.00 EUR voucher. Also, use the code 3FREE. The first free transactions are fee-free.
IF YOU YOU ARE NOT RESIDENT OF COUNTRY (ex. Belgium) WHERE YOU SEND MONEY TO AND DO NOT HAVE PHONE NUMBER (Belgium), BUT HAVE BELGIUM ACCOUNT, JUST FILL IN THE FIELDS WITH YOUR REAL INFORMATION. IT IS PASSED.
Warming : What is the minimum send amount to qualify for Refer a Friend? (IN this link you can find Sending from / Minimum send amount / Voucher amount)
T&C:https://www.worldremit.com/en/about-us/recipient-terms-conditions
XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) + 4 from me
It a trusted and really fast money transfer service, which offers **£10 referral reward (**£10/€10/$10 or equivalent in sending currency) (so called first transfer discount) if you haven’t tried their service yet.
Here are the steps to get your **FREE (**£10/€10/$10):
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
  2. Verify your identity with a picture of your Passport/ID/Driver’s license and your address with a picture of an utility bill. It took me around 4 hours to get verified, which is not too long. It was even faster for others I know.
  3. Make your first transfer of £100 or more)(minimum sending amount is £100/€100/$100, or equivalent in sending currency) . Click ‘Send Money’ on the Dashboard. On the next page choose that you’re sending money from UK to the country where your EUR account is and write 0 next to ‘Transfer Fee’, so it becomes free. You will see £10 discount applied, which means that you will have to pay £90 for this transfer and will receive equivalent to £100 in Euros.
  4. Enter your own personal details and your EUR account details.
  5. Pay with your card or bank transfer.
Your money should reach your account within 1 business day.
T&C:https://xendpay.com/xendpay-terms-and-conditions/
TRANSFERGO (10£) + 5 from me
Get £10 bonus using my referral code: Enter my code when signing up to get your £10 bonus. Once you’ve transferred over £50 or equivalent, you’ll receive your £10 cashback. I love using TransferGo to send money abroad! Try it for FREE yourself! After the identity verification you will receive a code for fee-free transfer. The procedure takes about 30 minutes to be completed.
We recommend reading our terms in full.
T&C: https://www.transfergo.com/en/terms-and-conditions
TRANSFERWISE (PROVIDE YOU WITH 5IF YOU DO A TRANSFER OVER 250)
TransferWise provides you with a first transfer of up to 500 GBP fee-free. And, as always — you’ll get the real exchange rate whenever you send money abroad. Instant transfer. In my case, I used my Revolut card (physical or virtual) and sent money (250€) from my EU Revolut account to GBP Revolut account. The money transfer was completed after 10 second and exchanged Pounds into Euro without losing anything. SEND ME A PERSONAL MESSAGE OR BID ME A S A COMMENT TO SEND YOU MY UNIQUE LINK.
T&C: https://transferwise.com/terms-and-conditions
submitted by AchilleasOikonomou to referralcodes [link] [comments]

SKRILL(15€/10£) - VERSE €\£5 - CURVE(5£) - WORLDREMIT(25 euros, 30CAD, 35 AUD e.t.c.) - XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) - TRANSFERGO(10£/12€) - TRANSFEWISE(5€) - CURRENCY FAIR(30€) - XAPO($10 IN BTC) - Celsius Network (UP TO $ 220 in BTC) - LUNO(25) - BITPANDA(10)

BE CAREFUL PLEASE - I WILL PERSONALLY PROVIDE YOU WITH MY UNIQUE LINKS AND PROMO CODES TO INSURE (PROTECT) OUR REWARDS.
BANKS - BANKING SERVICES AND CRYPTOCURRENCIES – FREE MONEY - FREE CRYPTO -SKRILL(15€/10£) - VERSE €\£5 - CURVE(5£) - WORLDREMIT(25 euros, 30CAD, 35 AUD e.t.c.) - XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) - TRANSFERGO(10£/12€) - TRANSFEWISE(5€) - CURRENCY FAIR(30€) - XAPO($10 IN BTC) - Celsius Network (UP TO $ 220 in BTC) - CRYPTO.COM ($50 in MCO) - IBANWALLET($25/25€)
Bitpanda (10) + 5 from me
Bitpanda (One of the mots known Crypto Currency Services)
  1. PM Me for Referral Link (in order to protect both our rewards)
  2. Verify your identity
  3. Deposit at least €25 on your account via bank transfer
  4. Buy €25 in cryptocurrency (for example Bitcoin (BTC), Ethereum (ETH) or (USDC) for a more stable crypto)
  5. The €10 bonus will be added to your account
  6. Complete the beginner quiz on https://www.bitpanda.com/academy/en/ to get €5 in BEST coins
  7. Sell all the cryptocurrency
  8. Transfer the money back to your bank :)
Luno(25) + 10 from me
Luno is a service to buy and sell cryptocurrencies. For new users: when buying €250 in BTC you get €15 free in BTC!
Steps:
Sign up through my link (send me a private message for my link and my code)
Verify your ID (it should take a around 30mins-1hour)
Fill in my code on the 'Rewards' page. If you get "This type of promotion code can only be applied once per person" then the code was already accepted during sign-up :)
Buy €250 in Bitcoin. You can deposit through Visa, which is instant and has no fee (no MasterCard, since the fees eat up your bonus), bank transfer (using Revolut it should only take a couple of hours) or iDeal.
After buying 250€ in Bitcoins the €15 in BTC will be credited to your account within a few minutes.
Sell the Bitcoins and transfer the full amount back to your bank account. It is possible that you end up with a bit less than €265 because of fees, but this shouldn't be more than a few euros. In my case I ended up with €262.27 due to fees and BTC fluctuation.
PM me for your bonus and enjoy!
Iban Wallet ($25/25€) + 10 from me
Step 1 : SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
Step 2 : Complete the sign up form and verify your ID. You only need a photo of it, no annoying calls to make. When it asks for a referral code, you should use mine.
Deposit €1,000/$1,000 or more. You can use a credit card or bank transfer.
Step 3 : You will immediately receive the bonus €25/$25. All €1,025/$1,025 can be immediately withdrawn.
Full terms and conditions : https://www.ibanwallet.com/terms
Xapo ($10 in BTC) +5 from me
Xapo is a nice platform for investing in cryptocurrency. They have also offer a good referral bonus of $10 paid in BTC just for depositing $100 (±£80, ±108 ) to your Xapo account.
Here's how to get it:
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK AND OPEN MY LINK ON YOUR PHONE (must be done on your phone so it tracks properly) and download the app.
  2. Finish your registration by providing your phone number, e-mail address and verify your identity. You will need a picture of your Passport/ID/Driver's license and a picture/PDF of any bill with your address.
  3. Deposit €100 by a regular SEPA transfer. It's free to do it. You can also use your card for an instant deposit but it will charge you extra 2% for it.
  4. Your bonus of $10 in BTC will be credited immediately after your transfer reaches your Xapo account. There is no need to invest your money or do anything else with it.
You can exchange your BTC to EUR and transfer it back to your bank account.
T&C : https://static.xapo.com/terms/index.html
Celsius Network (UP TO $60 in BTC) + 5 from me
Celsius Network is a cryptocurrency investment app where you can get 8-12% yearly return on your coins. You don't need to do anything with them - just keep them in your Celsius' wallet.
They have a great referral program, which gives you $10 for signing up with my link, depositing and keeping $200 worth of coins for 30 days. You will also get some percentage of interest paid from Celsius for your investment.
They also have a lot of promotional codes which you can use to get up to $60 worth of bonuses paid in BTC.
Here are all the steps for you to get your FREE $60:
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK and use it when signing up on the app.
  2. Verify your identity with a picture of your Passport/ID/Driver's license. It usually takes no more than 30 minutes.
3. In Celsius app go to 'Enter a promo code' and enter these codes (depending on the amount you're willing to deposit):
· SPRING - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· POV- $10 bonus paid in BTC when you deposit $200 and hold it for 3 days
· PAKMAN - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· SAGA - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· MINEABLE - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
4-Deposit crypto coins to your Celsius wallet. Make sure you entered the codes BEFORE your deposit. If you're not willing to risk with holding usual crypto coins (BTC/ETH/XRP/LTC etc.), which can gain or lose value, you can simply deposit one of the stablecoins (USDΤ/GUSD/TUSD/TGBP etc.), which will keep it's value. Buy your stablecoins on another cryptocurrency exchange platform. You can buy your USDΤ on CRYPTO.COM. (Referral code for crypto.com – SEND ME A MESSAGE) Make sure you deposit your coins in one transaction (equivalent to $100 or $200).
5-Hold your coins for these required days. Afterwards just transfer your coins, together with your bonuses back to wherever you want it and cash them out.
T&C: https://celsius.network/terms-of-use/
CRYPTO.COM ($50 in MCO) + 20 from me
Crypto.com is a well-known cryptocurrency exchange, and is paying 50$ to stake your crypto on their platform for 6 month. Im paying you 25$ of my reward to make the deal even better! So to get the bonus you have to buy and stake 50 MCO on crypto.com you will lock the 50 MCO for 6 months, but the reward will be withdrawable as soon as you stake the 50 MCO - so you can withdraw your bonus instantly.
Guide:
1. Sign up via my link - SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
2. Verify your account via KYC - just follow the instructions ID will be necessary!
3. Go to “Card” in the app and make the buy and staking of MCO, you will now have unlocked your reward, make the last few steps to order the ruby steel card - this will get you, free spotify, 2% cashbacks and a lot more!
4. Sell and withdraw you reward or let the reward stay in your wallet as an investment - that’s totally up to you!
5. Write me a message so I can give you the extra 25$ to make this a great deal!
T&C: https://blog.crypto.com/update-crypto-coms-bg50-both-get-50-referral-program/
CurrencyFair (30€) +10 from me
CurrencyFair is a service to send money internationally (just like Skrill, WorldRemit, Xoom etc.). They have now increased the referral bonus to €50 for new users when making a transfer of at least €2000 (or equivalent in another currency, ~ £1765). SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK. It is super easy to be obtained. I have proofs of my rewards! You must send 2000 Euros and after that you are credited 50 Euros in your CurrencyFair Account (3 Euros fee to transfer to your personal bank). The steps for the registration are very easy. Follow my link, chose to send approximate 2030 or 2040 due to the gap that CurrecyFair holds between exchange rates, verify your account (need to attach two proofs of identity and one proof of your address or one proof of your identity and two proofs of your address) and make the transfer through your Revolut or Monese account. For example, send money from Revolut EU account to Revolut GB account. Finally, your net profil will be about 20 euros.
T&C:https://www.currencyfair.com/express-deposits-terms-conditions/
Skrill (£10/€15 e.t.c.) + 5 from me
Skrill is a money transfer service, where you also get £10 referral discount for your first transfer. Skrill doesn't require any ID verification.
Here are the steps to get your FREE £10:
SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
  1. Choose the country where your other account is and enter £100.
  2. Complete all the details about your EUR account on the next page.
  3. Make sure you have written my code before submitting the transfer so you will only have to pay £90 and will receive £100 to your account.
  4. Finish the transfer by paying with your card. Easy as that.
It never took more than 24 hours for the money to reach my account.
If you're an existing member on Skrill but have never used Skrill Money Transfer you can still enter my code for your first transfer and get the discount. Please note - it might not work for really old Skrill accounts but it's still worth trying.
Here are the different options for countries outside of UK:
EUR countries = minimum transfer of 150€ to get 15€ off transaction
Canada = minimum transfer of 200$ to get 25$ off transaction.
Australia = minimum transfer of 100$ to get 40$ off transaction
South Africa = minimum transfer of 1500 ZAR to get 250 ZAR off transaction
T&C:https://www.skrill.com/en/footeterms-conditions/skrillaccounttermsofuse/
VERSE - €\£1 From Verse (UK or EU)
Verse is a money transfer service that has a generous reward for signing up. Steps are simple.
How to get the reward? From Verse (UK or EU) Verse is a money transfer service that has a generous reward for signing up. Steps are simple. How to get the reward?
[ HOW TO CLAIM MONEY ]
STEP 1 - SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK. DO NOT DOWNLOAD THE APP AND REGISTER AS IT IS FOR NEW USERS ONLY
STEP2 - Register using my link and load £20/€20 by linking your bank
STEP3 - Send the money to a friend or relative, or if you need assistance you can send to me and I’ll send it right back.
STEP4 - After both requirements are completed you can IMMEDIATELY claim your reward and withdrawal the money to your bank account.
If there are any inquiries, feel free to message me.
T&C:https://verse.me/en/terms
CURVE (5£) +1 from me
Curve is a great app where you can add all your debit and credit cards and spend from any of them just by choosing it with a tap of your finger.
Here's how to get your FREE £5:
  1. Download the Curve app on your phone. You can use this link ***SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK***
  2. Make sure to enter my code when signing up to get FREE £5 after your first transaction.
  3. Add one of your debit or credit cards in the app.
  4. Wait for your Curve MasterCard to arrive by post (it's completely free) and make your first payment. I added my Revolut card and topped up my Revolut account with Curve card in order to activate the bonus, so no actual spending needed. You can also add your Curve card to PayPal and verify it. It will count as a transaction and will activate the bonus.
  5. You will be awarded FREE £5, which you can spend anywhere with your Curve card.
T&C:https://www.curve.com/en/terms
WORLDREMIT (Voucher code 25 euros, 30CAD, 35 AUD e.t.c.) + 5 from me
SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
I send money online with WorldRemit. I think you should too. If you join and send 125.00 EUR we'll each get a 25.00 EUR voucher. Also, use the code 3FREE. The first free transactions are fee-free.
IF YOU YOU ARE NOT RESIDENT OF COUNTRY (ex. Belgium) WHERE YOU SEND MONEY TO AND DO NOT HAVE PHONE NUMBER (Belgium), BUT HAVE BELGIUM ACCOUNT, JUST FILL IN THE FIELDS WITH YOUR REAL INFORMATION. IT IS PASSED.
Warming : What is the minimum send amount to qualify for Refer a Friend? (IN this link you can find Sending from / Minimum send amount / Voucher amount)
T&C:https://www.worldremit.com/en/about-us/recipient-terms-conditions
XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) + 4 from me
It a trusted and really fast money transfer service, which offers **£10 referral reward (**£10/€10/$10 or equivalent in sending currency) (so called first transfer discount) if you haven’t tried their service yet.
Here are the steps to get your **FREE (**£10/€10/$10):
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
  2. Verify your identity with a picture of your Passport/ID/Driver’s license and your address with a picture of an utility bill. It took me around 4 hours to get verified, which is not too long. It was even faster for others I know.
  3. Make your first transfer of £100 or more)(minimum sending amount is £100/€100/$100, or equivalent in sending currency) . Click ‘Send Money’ on the Dashboard. On the next page choose that you’re sending money from UK to the country where your EUR account is and write 0 next to ‘Transfer Fee’, so it becomes free. You will see £10 discount applied, which means that you will have to pay £90 for this transfer and will receive equivalent to £100 in Euros.
  4. Enter your own personal details and your EUR account details.
  5. Pay with your card or bank transfer.
Your money should reach your account within 1 business day.
T&C:https://xendpay.com/xendpay-terms-and-conditions/
TRANSFERGO (10£) + 5 from me
Get £10 bonus using my referral code: Enter my code when signing up to get your £10 bonus. Once you’ve transferred over £50 or equivalent, you’ll receive your £10 cashback. I love using TransferGo to send money abroad! Try it for FREE yourself! After the identity verification you will receive a code for fee-free transfer. The procedure takes about 30 minutes to be completed.
We recommend reading our terms in full.
T&C: https://www.transfergo.com/en/terms-and-conditions
TRANSFERWISE (PROVIDE YOU WITH 5IF YOU DO A TRANSFER OVER 250)
TransferWise provides you with a first transfer of up to 500 GBP fee-free. And, as always — you’ll get the real exchange rate whenever you send money abroad. Instant transfer. In my case, I used my Revolut card (physical or virtual) and sent money (250€) from my EU Revolut account to GBP Revolut account. The money transfer was completed after 10 second and exchanged Pounds into Euro without losing anything. SEND ME A PERSONAL MESSAGE OR BID ME A S A COMMENT TO SEND YOU MY UNIQUE LINK.
T&C: https://transferwise.com/terms-and-conditions
submitted by AchilleasOikonomou to referralcodes [link] [comments]

SKRILL(15€/10£) - VERSE €\£5 - CURVE(5£) - WORLDREMIT(25 euros, 30CAD, 35 AUD e.t.c.) - XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) - TRANSFERGO(10£/12€) - TRANSFEWISE(5€) - CURRENCY FAIR(30€) - XAPO($10 IN BTC) - Celsius Network (UP TO $ 220 in BTC) - LUNO(25) - BITPANDA(10)

BE CAREFUL PLEASE - I WILL PERSONALLY PROVIDE YOU WITH MY UNIQUE LINKS AND PROMO CODES TO INSURE (PROTECT) OUR REWARDS.
BANKS - BANKING SERVICES AND CRYPTOCURRENCIES – FREE MONEY - FREE CRYPTO -SKRILL(15€/10£) - VERSE €\£5 - CURVE(5£) - WORLDREMIT(25 euros, 30CAD, 35 AUD e.t.c.) - XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) - TRANSFERGO(10£/12€) - TRANSFEWISE(5€) - CURRENCY FAIR(30€) - XAPO($10 IN BTC) - Celsius Network (UP TO $ 220 in BTC) - CRYPTO.COM ($50 in MCO) - IBANWALLET($25/25€)
Bitpanda (10)
Bitpanda (One of the mots known Crypto Currency Services)
  1. PM Me for Referral Link (in order to protect both our rewards)
  2. Verify your identity
  3. Deposit at least €25 on your account via bank transfer
  4. Buy €25 in cryptocurrency (for example Bitcoin (BTC), Ethereum (ETH) or (USDC) for a more stable crypto)
  5. The €10 bonus will be added to your account
  6. Complete the beginner quiz on https://www.bitpanda.com/academy/en/ to get €5 in BEST coins
  7. Sell all the cryptocurrency
  8. Transfer the money back to your bank :)
Luno(25)
Luno is a service to buy and sell cryptocurrencies. For new users: when buying €250 in BTC you get €15 free in BTC!
Steps:
Sign up through my link (send me a private message for my link and my code)
Verify your ID (it should take a around 30mins-1hour)
Fill in my code on the 'Rewards' page. If you get "This type of promotion code can only be applied once per person" then the code was already accepted during sign-up :)
Buy €250 in Bitcoin. You can deposit through Visa, which is instant and has no fee (no MasterCard, since the fees eat up your bonus), bank transfer (using Revolut it should only take a couple of hours) or iDeal.
After buying 250€ in Bitcoins the €15 in BTC will be credited to your account within a few minutes.
Sell the Bitcoins and transfer the full amount back to your bank account. It is possible that you end up with a bit less than €265 because of fees, but this shouldn't be more than a few euros. In my case I ended up with €262.27 due to fees and BTC fluctuation.
PM me for your bonus and enjoy!
Iban Wallet ($25/25€)
Step 1 : SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
Step 2 : Complete the sign up form and verify your ID. You only need a photo of it, no annoying calls to make. When it asks for a referral code, you should use mine.
Deposit €1,000/$1,000 or more. You can use a credit card or bank transfer.
Step 3 : You will immediately receive the bonus €25/$25. All €1,025/$1,025 can be immediately withdrawn.
Full terms and conditions : https://www.ibanwallet.com/terms
Xapo ($10 in BTC)
Xapo is a nice platform for investing in cryptocurrency. They have also offer a good referral bonus of $10 paid in BTC just for depositing $100 (±£80, ±108 ) to your Xapo account.
Here's how to get it:
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK AND OPEN MY LINK ON YOUR PHONE (must be done on your phone so it tracks properly) and download the app.
  2. Finish your registration by providing your phone number, e-mail address and verify your identity. You will need a picture of your Passport/ID/Driver's license and a picture/PDF of any bill with your address.
  3. Deposit €100 by a regular SEPA transfer. It's free to do it. You can also use your card for an instant deposit but it will charge you extra 2% for it.
  4. Your bonus of $10 in BTC will be credited immediately after your transfer reaches your Xapo account. There is no need to invest your money or do anything else with it.
You can exchange your BTC to EUR and transfer it back to your bank account.
T&C : https://static.xapo.com/terms/index.html
Celsius Network (UP TO $60 in BTC) **
Celsius Network is a cryptocurrency investment app where you can get 8-12% yearly return on your coins. You don't need to do anything with them - just keep them in your Celsius' wallet.
They have a great referral program, which gives you $10 for signing up with my link, depositing and keeping $200 worth of coins for 30 days. You will also get some percentage of interest paid from Celsius for your investment.
They also have a lot of promotional codes which you can use to get up to $60 worth of bonuses paid in BTC.
Here are all the steps for you to get your FREE $60:
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK and use it when signing up on the app.
  2. Verify your identity with a picture of your Passport/ID/Driver's license. It usually takes no more than 30 minutes.
3. In Celsius app go to 'Enter a promo code' and enter these codes (depending on the amount you're willing to deposit):
· SPRING - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· POV- $10 bonus paid in BTC when you deposit $200 and hold it for 3 days
· PAKMAN - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· SAGA - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· MINEABLE - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
4-Deposit crypto coins to your Celsius wallet. Make sure you entered the codes BEFORE your deposit. If you're not willing to risk with holding usual crypto coins (BTC/ETH/XRP/LTC etc.), which can gain or lose value, you can simply deposit one of the stablecoins (USDΤ/GUSD/TUSD/TGBP etc.), which will keep it's value. Buy your stablecoins on another cryptocurrency exchange platform. You can buy your USDΤ on CRYPTO.COM. (Referral code for crypto.com – SEND ME A MESSAGE) Make sure you deposit your coins in one transaction (equivalent to $100 or $200).
5-Hold your coins for these required days. Afterwards just transfer your coins, together with your bonuses back to wherever you want it and cash them out.
T&C: https://celsius.network/terms-of-use/
CRYPTO.COM ($50 in MCO) \
Crypto.com is a well-known cryptocurrency exchange, and is paying 50$ to stake your crypto on their platform for 6 month. Im paying you 25$ of my reward to make the deal even better! So to get the bonus you have to buy and stake 50 MCO on crypto.com you will lock the 50 MCO for 6 months, but the reward will be withdrawable as soon as you stake the 50 MCO - so you can withdraw your bonus instantly.
Guide:
1. Sign up via my link - SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
2. Verify your account via KYC - just follow the instructions ID will be necessary!
3. Go to “Card” in the app and make the buy and staking of MCO, you will now have unlocked your reward, make the last few steps to order the ruby steel card - this will get you, free spotify, 2% cashbacks and a lot more!
4. Sell and withdraw you reward or let the reward stay in your wallet as an investment - that’s totally up to you!
5. Write me a message so I can give you the extra 25$ to make this a great deal!
T&C: https://blog.crypto.com/update-crypto-coms-bg50-both-get-50-referral-program/
CurrencyFair (30€)
CurrencyFair is a service to send money internationally (just like Skrill, WorldRemit, Xoom etc.). They have now increased the referral bonus to €50 for new users when making a transfer of at least €2000 (or equivalent in another currency, ~ £1765). SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK. It is super easy to be obtained. I have proofs of my rewards! You must send 2000 Euros and after that you are credited 50 Euros in your CurrencyFair Account (3 Euros fee to transfer to your personal bank). The steps for the registration are very easy. Follow my link, chose to send approximate 2030 or 2040 due to the gap that CurrecyFair holds between exchange rates, verify your account (need to attach two proofs of identity and one proof of your address or one proof of your identity and two proofs of your address) and make the transfer through your Revolut or Monese account. For example, send money from Revolut EU account to Revolut GB account. Finally, your net profil will be about 20 euros.
T&C:https://www.currencyfair.com/express-deposits-terms-conditions/
Skrill (£10/€15 e.t.c.)
Skrill is a money transfer service, where you also get £10 referral discount for your first transfer. Skrill doesn't require any ID verification.
Here are the steps to get your FREE £10:
SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
  1. Choose the country where your other account is and enter £100.
  2. Complete all the details about your EUR account on the next page.
  3. Make sure you have written my code before submitting the transfer so you will only have to pay £90 and will receive £100 to your account.
  4. Finish the transfer by paying with your card. Easy as that.
It never took more than 24 hours for the money to reach my account.
If you're an existing member on Skrill but have never used Skrill Money Transfer you can still enter my code for your first transfer and get the discount. Please note - it might not work for really old Skrill accounts but it's still worth trying.
Here are the different options for countries outside of UK:
EUR countries = minimum transfer of 150€ to get 15€ off transaction
Canada = minimum transfer of 200$ to get 25$ off transaction.
Australia = minimum transfer of 100$ to get 40$ off transaction
South Africa = minimum transfer of 1500 ZAR to get 250 ZAR off transaction
T&C:https://www.skrill.com/en/footeterms-conditions/skrillaccounttermsofuse/
**VERSE - €\£1 From Verse (UK or EU)
Verse is a money transfer service that has a generous reward for signing up. Steps are simple.
How to get the reward? From Verse (UK or EU) Verse is a money transfer service that has a generous reward for signing up. Steps are simple. How to get the reward?
[ HOW TO CLAIM MONEY ]
STEP 1 - SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK. DO NOT DOWNLOAD THE APP AND REGISTER AS IT IS FOR NEW USERS ONLY
STEP2 - Register using my link and load £20/€20 by linking your bank
STEP3 - Send the money to a friend or relative, or if you need assistance you can send to me and I’ll send it right back.
STEP4 - After both requirements are completed you can IMMEDIATELY claim your reward and withdrawal the money to your bank account.
If there are any inquiries, feel free to message me.
T&C:https://verse.me/en/terms
CURVE (5£)
Curve is a great app where you can add all your debit and credit cards and spend from any of them just by choosing it with a tap of your finger.
Here's how to get your FREE £5:
  1. Download the Curve app on your phone. You can use this link ***SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK***
  2. Make sure to enter my code when signing up to get FREE £5 after your first transaction.
  3. Add one of your debit or credit cards in the app.
  4. Wait for your Curve MasterCard to arrive by post (it's completely free) and make your first payment. I added my Revolut card and topped up my Revolut account with Curve card in order to activate the bonus, so no actual spending needed. You can also add your Curve card to PayPal and verify it. It will count as a transaction and will activate the bonus.
  5. You will be awarded FREE £5, which you can spend anywhere with your Curve card.
T&C:https://www.curve.com/en/terms
WORLDREMIT (Voucher code 25 euros, 30CAD, 35 AUD e.t.c.)
SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
I send money online with WorldRemit. I think you should too. If you join and send 125.00 EUR we'll each get a 25.00 EUR voucher. Also, use the code 3FREE. The first free transactions are fee-free.
IF YOU YOU ARE NOT RESIDENT OF COUNTRY (ex. Belgium) WHERE YOU SEND MONEY TO AND DO NOT HAVE PHONE NUMBER (Belgium), BUT HAVE BELGIUM ACCOUNT, JUST FILL IN THE FIELDS WITH YOUR REAL INFORMATION. IT IS PASSED.
Warming : What is the minimum send amount to qualify for Refer a Friend? (IN this link you can find Sending from / Minimum send amount / Voucher amount)
T&C:https://www.worldremit.com/en/about-us/recipient-terms-conditions
XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) + 4 from me
It a trusted and really fast money transfer service, which offers **£10 referral reward (**£10/€10/$10 or equivalent in sending currency) (so called first transfer discount) if you haven’t tried their service yet.
Here are the steps to get your **FREE (**£10/€10/$10):
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
  2. Verify your identity with a picture of your Passport/ID/Driver’s license and your address with a picture of an utility bill. It took me around 4 hours to get verified, which is not too long. It was even faster for others I know.
  3. Make your first transfer of £100 or more)(minimum sending amount is £100/€100/$100, or equivalent in sending currency) . Click ‘Send Money’ on the Dashboard. On the next page choose that you’re sending money from UK to the country where your EUR account is and write 0 next to ‘Transfer Fee’, so it becomes free. You will see £10 discount applied, which means that you will have to pay £90 for this transfer and will receive equivalent to £100 in Euros.
  4. Enter your own personal details and your EUR account details.
  5. Pay with your card or bank transfer.
Your money should reach your account within 1 business day.
T&C:https://xendpay.com/xendpay-terms-and-conditions/
TRANSFERGO (10£)
Get £10 bonus using my referral code: Enter my code when signing up to get your £10 bonus. Once you’ve transferred over £50 or equivalent, you’ll receive your £10 cashback. I love using TransferGo to send money abroad! Try it for FREE yourself! After the identity verification you will receive a code for fee-free transfer. The procedure takes about 30 minutes to be completed.
We recommend reading our terms in full.
T&C: https://www.transfergo.com/en/terms-and-conditions
TRANSFERWISE (PROVIDE YOU WITH 5IF YOU DO A TRANSFER OVER 250)
TransferWise provides you with a first transfer of up to 500 GBP fee-free. And, as always — you’ll get the real exchange rate whenever you send money abroad. Instant transfer. In my case, I used my Revolut card (physical or virtual) and sent money (250€) from my EU Revolut account to GBP Revolut account. The money transfer was completed after 10 second and exchanged Pounds into Euro without losing anything. SEND ME A PERSONAL MESSAGE OR BID ME A S A COMMENT TO SEND YOU MY UNIQUE LINK.
T&C: https://transferwise.com/terms-and-conditions
submitted by AchilleasOikonomou to referralcodes [link] [comments]

SKRILL(15€/10£) - VERSE €\£5 - CURVE(5£) - WORLDREMIT(25 euros, 30CAD, 35 AUD e.t.c.) - XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) - TRANSFERGO(10£/12€) - TRANSFEWISE(5€) - CURRENCY FAIR(30€) - XAPO($10 IN BTC) - Celsius Network (UP TO $ 220 in BTC) - LUNO(25) - BITPANDA(10)

BE CAREFUL PLEASE - I WILL PERSONALLY PROVIDE YOU WITH MY UNIQUE LINKS AND PROMO CODES TO INSURE (PROTECT) OUR REWARDS.
BANKS - BANKING SERVICES AND CRYPTOCURRENCIES – FREE MONEY - FREE CRYPTO -SKRILL(15€/10£) - VERSE €\£5 - CURVE(5£) - WORLDREMIT(25 euros, 30CAD, 35 AUD e.t.c.) - XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) - TRANSFERGO(10£/12€) - TRANSFEWISE(5€) - CURRENCY FAIR(30€) - XAPO($10 IN BTC) - Celsius Network (UP TO $ 220 in BTC) - CRYPTO.COM ($50 in MCO) - IBANWALLET($25/25€)
Bitpanda (10)
Bitpanda (One of the mots known Crypto Currency Services)
  1. PM Me for Referral Link (in order to protect both our rewards)
  2. Verify your identity
  3. Deposit at least €25 on your account via bank transfer
  4. Buy €25 in cryptocurrency (for example Bitcoin (BTC), Ethereum (ETH) or (USDC) for a more stable crypto)
  5. The €10 bonus will be added to your account
  6. Complete the beginner quiz on https://www.bitpanda.com/academy/en/ to get €5 in BEST coins
  7. Sell all the cryptocurrency
  8. Transfer the money back to your bank :)
Luno(25)
Luno is a service to buy and sell cryptocurrencies. For new users: when buying €250 in BTC you get €15 free in BTC!
Steps:
Sign up through my link (send me a private message for my link and my code)
Verify your ID (it should take a around 30mins-1hour)
Fill in my code on the 'Rewards' page. If you get "This type of promotion code can only be applied once per person" then the code was already accepted during sign-up :)
Buy €250 in Bitcoin. You can deposit through Visa, which is instant and has no fee (no MasterCard, since the fees eat up your bonus), bank transfer (using Revolut it should only take a couple of hours) or iDeal.
After buying 250€ in Bitcoins the €15 in BTC will be credited to your account within a few minutes.
Sell the Bitcoins and transfer the full amount back to your bank account. It is possible that you end up with a bit less than €265 because of fees, but this shouldn't be more than a few euros. In my case I ended up with €262.27 due to fees and BTC fluctuation.
PM me for your bonus and enjoy!
Iban Wallet ($25/25€) + 10 from me
Step 1 : SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
Step 2 : Complete the sign up form and verify your ID. You only need a photo of it, no annoying calls to make. When it asks for a referral code, you should use mine.
Deposit €1,000/$1,000 or more. You can use a credit card or bank transfer.
Step 3 : You will immediately receive the bonus €25/$25. All €1,025/$1,025 can be immediately withdrawn.
Full terms and conditions : https://www.ibanwallet.com/terms
Xapo ($10 in BTC) +5 from me
Xapo is a nice platform for investing in cryptocurrency. They have also offer a good referral bonus of $10 paid in BTC just for depositing $100 (±£80, ±108 ) to your Xapo account.
Here's how to get it:
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK AND OPEN MY LINK ON YOUR PHONE (must be done on your phone so it tracks properly) and download the app.
  2. Finish your registration by providing your phone number, e-mail address and verify your identity. You will need a picture of your Passport/ID/Driver's license and a picture/PDF of any bill with your address.
  3. Deposit €100 by a regular SEPA transfer. It's free to do it. You can also use your card for an instant deposit but it will charge you extra 2% for it.
  4. Your bonus of $10 in BTC will be credited immediately after your transfer reaches your Xapo account. There is no need to invest your money or do anything else with it.
You can exchange your BTC to EUR and transfer it back to your bank account.
T&C : https://static.xapo.com/terms/index.html
Celsius Network (UP TO $60 in BTC) + 5 from me
Celsius Network is a cryptocurrency investment app where you can get 8-12% yearly return on your coins. You don't need to do anything with them - just keep them in your Celsius' wallet.
They have a great referral program, which gives you $10 for signing up with my link, depositing and keeping $200 worth of coins for 30 days. You will also get some percentage of interest paid from Celsius for your investment.
They also have a lot of promotional codes which you can use to get up to $60 worth of bonuses paid in BTC.
Here are all the steps for you to get your FREE $60:
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK and use it when signing up on the app.
  2. Verify your identity with a picture of your Passport/ID/Driver's license. It usually takes no more than 30 minutes.
3. In Celsius app go to 'Enter a promo code' and enter these codes (depending on the amount you're willing to deposit):
· SPRING - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· POV- $10 bonus paid in BTC when you deposit $200 and hold it for 3 days
· PAKMAN - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· SAGA - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· MINEABLE - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
4-Deposit crypto coins to your Celsius wallet. Make sure you entered the codes BEFORE your deposit. If you're not willing to risk with holding usual crypto coins (BTC/ETH/XRP/LTC etc.), which can gain or lose value, you can simply deposit one of the stablecoins (USDΤ/GUSD/TUSD/TGBP etc.), which will keep it's value. Buy your stablecoins on another cryptocurrency exchange platform. You can buy your USDΤ on CRYPTO.COM. (Referral code for crypto.com – SEND ME A MESSAGE) Make sure you deposit your coins in one transaction (equivalent to $100 or $200).
5-Hold your coins for these required days. Afterwards just transfer your coins, together with your bonuses back to wherever you want it and cash them out.
T&C: https://celsius.network/terms-of-use/
CRYPTO.COM ($50 in MCO) + 20 from me
Crypto.com is a well-known cryptocurrency exchange, and is paying 50$ to stake your crypto on their platform for 6 month. Im paying you 25$ of my reward to make the deal even better! So to get the bonus you have to buy and stake 50 MCO on crypto.com you will lock the 50 MCO for 6 months, but the reward will be withdrawable as soon as you stake the 50 MCO - so you can withdraw your bonus instantly.
Guide:
1. Sign up via my link - SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
2. Verify your account via KYC - just follow the instructions ID will be necessary!
3. Go to “Card” in the app and make the buy and staking of MCO, you will now have unlocked your reward, make the last few steps to order the ruby steel card - this will get you, free spotify, 2% cashbacks and a lot more!
4. Sell and withdraw you reward or let the reward stay in your wallet as an investment - that’s totally up to you!
5. Write me a message so I can give you the extra 25$ to make this a great deal!
T&C: https://blog.crypto.com/update-crypto-coms-bg50-both-get-50-referral-program/
CurrencyFair (30€) +10 from me
CurrencyFair is a service to send money internationally (just like Skrill, WorldRemit, Xoom etc.). They have now increased the referral bonus to €50 for new users when making a transfer of at least €2000 (or equivalent in another currency, ~ £1765). SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK. It is super easy to be obtained. I have proofs of my rewards! You must send 2000 Euros and after that you are credited 50 Euros in your CurrencyFair Account (3 Euros fee to transfer to your personal bank). The steps for the registration are very easy. Follow my link, chose to send approximate 2030 or 2040 due to the gap that CurrecyFair holds between exchange rates, verify your account (need to attach two proofs of identity and one proof of your address or one proof of your identity and two proofs of your address) and make the transfer through your Revolut or Monese account. For example, send money from Revolut EU account to Revolut GB account. Finally, your net profil will be about 20 euros.
T&C:https://www.currencyfair.com/express-deposits-terms-conditions/
Skrill (£10/€15 e.t.c.) + 5 from me
Skrill is a money transfer service, where you also get £10 referral discount for your first transfer. Skrill doesn't require any ID verification.
Here are the steps to get your FREE £10:
SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
  1. Choose the country where your other account is and enter £100.
  2. Complete all the details about your EUR account on the next page.
  3. Make sure you have written my code before submitting the transfer so you will only have to pay £90 and will receive £100 to your account.
  4. Finish the transfer by paying with your card. Easy as that.
It never took more than 24 hours for the money to reach my account.
If you're an existing member on Skrill but have never used Skrill Money Transfer you can still enter my code for your first transfer and get the discount. Please note - it might not work for really old Skrill accounts but it's still worth trying.
Here are the different options for countries outside of UK:
EUR countries = minimum transfer of 150€ to get 15€ off transaction
Canada = minimum transfer of 200$ to get 25$ off transaction.
Australia = minimum transfer of 100$ to get 40$ off transaction
South Africa = minimum transfer of 1500 ZAR to get 250 ZAR off transaction
T&C:https://www.skrill.com/en/footeterms-conditions/skrillaccounttermsofuse/
VERSE - €\£1 From Verse (UK or EU)
Verse is a money transfer service that has a generous reward for signing up. Steps are simple.
How to get the reward? From Verse (UK or EU) Verse is a money transfer service that has a generous reward for signing up. Steps are simple. How to get the reward?
[ HOW TO CLAIM MONEY ]
STEP 1 - SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK. DO NOT DOWNLOAD THE APP AND REGISTER AS IT IS FOR NEW USERS ONLY
STEP2 - Register using my link and load £20/€20 by linking your bank
STEP3 - Send the money to a friend or relative, or if you need assistance you can send to me and I’ll send it right back.
STEP4 - After both requirements are completed you can IMMEDIATELY claim your reward and withdrawal the money to your bank account.
If there are any inquiries, feel free to message me.
T&C:https://verse.me/en/terms
CURVE (5£) +1 from me
Curve is a great app where you can add all your debit and credit cards and spend from any of them just by choosing it with a tap of your finger.
Here's how to get your FREE £5:
  1. Download the Curve app on your phone. You can use this link ***SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK***
  2. Make sure to enter my code when signing up to get FREE £5 after your first transaction.
  3. Add one of your debit or credit cards in the app.
  4. Wait for your Curve MasterCard to arrive by post (it's completely free) and make your first payment. I added my Revolut card and topped up my Revolut account with Curve card in order to activate the bonus, so no actual spending needed. You can also add your Curve card to PayPal and verify it. It will count as a transaction and will activate the bonus.
  5. You will be awarded FREE £5, which you can spend anywhere with your Curve card.
T&C:https://www.curve.com/en/terms
WORLDREMIT (Voucher code 25 euros, 30CAD, 35 AUD e.t.c.) + 5 from me
SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
I send money online with WorldRemit. I think you should too. If you join and send 125.00 EUR we'll each get a 25.00 EUR voucher. Also, use the code 3FREE. The first free transactions are fee-free.
IF YOU YOU ARE NOT RESIDENT OF COUNTRY (ex. Belgium) WHERE YOU SEND MONEY TO AND DO NOT HAVE PHONE NUMBER (Belgium), BUT HAVE BELGIUM ACCOUNT, JUST FILL IN THE FIELDS WITH YOUR REAL INFORMATION. IT IS PASSED.
Warming : What is the minimum send amount to qualify for Refer a Friend? (IN this link you can find Sending from / Minimum send amount / Voucher amount)
T&C:https://www.worldremit.com/en/about-us/recipient-terms-conditions
XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) + 4 from me
It a trusted and really fast money transfer service, which offers **£10 referral reward (**£10/€10/$10 or equivalent in sending currency) (so called first transfer discount) if you haven’t tried their service yet.
Here are the steps to get your **FREE (**£10/€10/$10):
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
  2. Verify your identity with a picture of your Passport/ID/Driver’s license and your address with a picture of an utility bill. It took me around 4 hours to get verified, which is not too long. It was even faster for others I know.
  3. Make your first transfer of £100 or more)(minimum sending amount is £100/€100/$100, or equivalent in sending currency) . Click ‘Send Money’ on the Dashboard. On the next page choose that you’re sending money from UK to the country where your EUR account is and write 0 next to ‘Transfer Fee’, so it becomes free. You will see £10 discount applied, which means that you will have to pay £90 for this transfer and will receive equivalent to £100 in Euros.
  4. Enter your own personal details and your EUR account details.
  5. Pay with your card or bank transfer.
Your money should reach your account within 1 business day.
T&C:https://xendpay.com/xendpay-terms-and-conditions/
TRANSFERGO (10£) + 5 from me
Get £10 bonus using my referral code: Enter my code when signing up to get your £10 bonus. Once you’ve transferred over £50 or equivalent, you’ll receive your £10 cashback. I love using TransferGo to send money abroad! Try it for FREE yourself! After the identity verification you will receive a code for fee-free transfer. The procedure takes about 30 minutes to be completed.
We recommend reading our terms in full.
T&C: https://www.transfergo.com/en/terms-and-conditions
TRANSFERWISE (PROVIDE YOU WITH 5IF YOU DO A TRANSFER OVER 250)
TransferWise provides you with a first transfer of up to 500 GBP fee-free. And, as always — you’ll get the real exchange rate whenever you send money abroad. Instant transfer. In my case, I used my Revolut card (physical or virtual) and sent money (250€) from my EU Revolut account to GBP Revolut account. The money transfer was completed after 10 second and exchanged Pounds into Euro without losing anything. SEND ME A PERSONAL MESSAGE OR BID ME A S A COMMENT TO SEND YOU MY UNIQUE LINK.
T&C: https://transferwise.com/terms-and-conditions
submitted by AchilleasOikonomou to PromoCodeShare [link] [comments]

SKRILL(15€/10£) - VERSE €\£5 - CURVE(5£) - WORLDREMIT(25 euros, 30CAD, 35 AUD e.t.c.) - XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) - TRANSFERGO(10£/12€) - TRANSFEWISE(5€) - CURRENCY FAIR(30€) - XAPO($10 IN BTC) - Celsius Network (UP TO $ 220 in BTC) - LUNO(25) - BITPANDA(10)

BE CAREFUL PLEASE - I WILL PERSONALLY PROVIDE YOU WITH MY UNIQUE LINKS AND PROMO CODES TO INSURE (PROTECT) OUR REWARDS.
BANKS - BANKING SERVICES AND CRYPTOCURRENCIES – FREE MONEY - FREE CRYPTO -SKRILL(15€/10£) - VERSE €\£5 - CURVE(5£) - WORLDREMIT(25 euros, 30CAD, 35 AUD e.t.c.) - XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) - TRANSFERGO(10£/12€) - TRANSFEWISE(5€) - CURRENCY FAIR(30€) - XAPO($10 IN BTC) - Celsius Network (UP TO $ 220 in BTC) - CRYPTO.COM ($50 in MCO) - IBANWALLET($25/25€)
Bitpanda (10)
Bitpanda (One of the mots known Crypto Currency Services)
  1. PM Me for Referral Link (in order to protect both our rewards)
  2. Verify your identity
  3. Deposit at least €25 on your account via bank transfer
  4. Buy €25 in cryptocurrency (for example Bitcoin (BTC), Ethereum (ETH) or (USDC) for a more stable crypto)
  5. The €10 bonus will be added to your account
  6. Complete the beginner quiz on https://www.bitpanda.com/academy/en/ to get €5 in BEST coins
  7. Sell all the cryptocurrency
  8. Transfer the money back to your bank :)
Luno(25)
Luno is a service to buy and sell cryptocurrencies. For new users: when buying €250 in BTC you get €15 free in BTC!
Steps:
Sign up through my link (send me a private message for my link and my code)
Verify your ID (it should take a around 30mins-1hour)
Fill in my code on the 'Rewards' page. If you get "This type of promotion code can only be applied once per person" then the code was already accepted during sign-up :)
Buy €250 in Bitcoin. You can deposit through Visa, which is instant and has no fee (no MasterCard, since the fees eat up your bonus), bank transfer (using Revolut it should only take a couple of hours) or iDeal.
After buying 250€ in Bitcoins the €15 in BTC will be credited to your account within a few minutes.
Sell the Bitcoins and transfer the full amount back to your bank account. It is possible that you end up with a bit less than €265 because of fees, but this shouldn't be more than a few euros. In my case I ended up with €262.27 due to fees and BTC fluctuation.
PM me for your bonus and enjoy!
Iban Wallet ($25/25€) + 10 from me
Step 1 : SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
Step 2 : Complete the sign up form and verify your ID. You only need a photo of it, no annoying calls to make. When it asks for a referral code, you should use mine.
Deposit €1,000/$1,000 or more. You can use a credit card or bank transfer.
Step 3 : You will immediately receive the bonus €25/$25. All €1,025/$1,025 can be immediately withdrawn.
Full terms and conditions : https://www.ibanwallet.com/terms
Xapo ($10 in BTC) +5 from me
Xapo is a nice platform for investing in cryptocurrency. They have also offer a good referral bonus of $10 paid in BTC just for depositing $100 (±£80, ±108 ) to your Xapo account.
Here's how to get it:
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK AND OPEN MY LINK ON YOUR PHONE (must be done on your phone so it tracks properly) and download the app.
  2. Finish your registration by providing your phone number, e-mail address and verify your identity. You will need a picture of your Passport/ID/Driver's license and a picture/PDF of any bill with your address.
  3. Deposit €100 by a regular SEPA transfer. It's free to do it. You can also use your card for an instant deposit but it will charge you extra 2% for it.
  4. Your bonus of $10 in BTC will be credited immediately after your transfer reaches your Xapo account. There is no need to invest your money or do anything else with it.
You can exchange your BTC to EUR and transfer it back to your bank account.
T&C : https://static.xapo.com/terms/index.html
Celsius Network (UP TO $60 in BTC) + 5 from me
Celsius Network is a cryptocurrency investment app where you can get 8-12% yearly return on your coins. You don't need to do anything with them - just keep them in your Celsius' wallet.
They have a great referral program, which gives you $10 for signing up with my link, depositing and keeping $200 worth of coins for 30 days. You will also get some percentage of interest paid from Celsius for your investment.
They also have a lot of promotional codes which you can use to get up to $60 worth of bonuses paid in BTC.
Here are all the steps for you to get your FREE $60:
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK and use it when signing up on the app.
  2. Verify your identity with a picture of your Passport/ID/Driver's license. It usually takes no more than 30 minutes.
3. In Celsius app go to 'Enter a promo code' and enter these codes (depending on the amount you're willing to deposit):
· SPRING - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· POV- $10 bonus paid in BTC when you deposit $200 and hold it for 3 days
· PAKMAN - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· SAGA - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
· MINEABLE - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days
4-Deposit crypto coins to your Celsius wallet. Make sure you entered the codes BEFORE your deposit. If you're not willing to risk with holding usual crypto coins (BTC/ETH/XRP/LTC etc.), which can gain or lose value, you can simply deposit one of the stablecoins (USDΤ/GUSD/TUSD/TGBP etc.), which will keep it's value. Buy your stablecoins on another cryptocurrency exchange platform. You can buy your USDΤ on CRYPTO.COM. (Referral code for crypto.com – SEND ME A MESSAGE) Make sure you deposit your coins in one transaction (equivalent to $100 or $200).
5-Hold your coins for these required days. Afterwards just transfer your coins, together with your bonuses back to wherever you want it and cash them out.
T&C: https://celsius.network/terms-of-use/
CRYPTO.COM ($50 in MCO) + 20 from me
Crypto.com is a well-known cryptocurrency exchange, and is paying 50$ to stake your crypto on their platform for 6 month. Im paying you 25$ of my reward to make the deal even better! So to get the bonus you have to buy and stake 50 MCO on crypto.com you will lock the 50 MCO for 6 months, but the reward will be withdrawable as soon as you stake the 50 MCO - so you can withdraw your bonus instantly.
Guide:
1. Sign up via my link - SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
2. Verify your account via KYC - just follow the instructions ID will be necessary!
3. Go to “Card” in the app and make the buy and staking of MCO, you will now have unlocked your reward, make the last few steps to order the ruby steel card - this will get you, free spotify, 2% cashbacks and a lot more!
4. Sell and withdraw you reward or let the reward stay in your wallet as an investment - that’s totally up to you!
5. Write me a message so I can give you the extra 25$ to make this a great deal!
T&C: https://blog.crypto.com/update-crypto-coms-bg50-both-get-50-referral-program/
CurrencyFair (30€) +10 from me
CurrencyFair is a service to send money internationally (just like Skrill, WorldRemit, Xoom etc.). They have now increased the referral bonus to €50 for new users when making a transfer of at least €2000 (or equivalent in another currency, ~ £1765). SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK. It is super easy to be obtained. I have proofs of my rewards! You must send 2000 Euros and after that you are credited 50 Euros in your CurrencyFair Account (3 Euros fee to transfer to your personal bank). The steps for the registration are very easy. Follow my link, chose to send approximate 2030 or 2040 due to the gap that CurrecyFair holds between exchange rates, verify your account (need to attach two proofs of identity and one proof of your address or one proof of your identity and two proofs of your address) and make the transfer through your Revolut or Monese account. For example, send money from Revolut EU account to Revolut GB account. Finally, your net profil will be about 20 euros.
T&C:https://www.currencyfair.com/express-deposits-terms-conditions/
Skrill (£10/€15 e.t.c.) + 5 from me
Skrill is a money transfer service, where you also get £10 referral discount for your first transfer. Skrill doesn't require any ID verification.
Here are the steps to get your FREE £10:
SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
  1. Choose the country where your other account is and enter £100.
  2. Complete all the details about your EUR account on the next page.
  3. Make sure you have written my code before submitting the transfer so you will only have to pay £90 and will receive £100 to your account.
  4. Finish the transfer by paying with your card. Easy as that.
It never took more than 24 hours for the money to reach my account.
If you're an existing member on Skrill but have never used Skrill Money Transfer you can still enter my code for your first transfer and get the discount. Please note - it might not work for really old Skrill accounts but it's still worth trying.
Here are the different options for countries outside of UK:
EUR countries = minimum transfer of 150€ to get 15€ off transaction
Canada = minimum transfer of 200$ to get 25$ off transaction.
Australia = minimum transfer of 100$ to get 40$ off transaction
South Africa = minimum transfer of 1500 ZAR to get 250 ZAR off transaction
T&C:https://www.skrill.com/en/footeterms-conditions/skrillaccounttermsofuse/
VERSE - €\£1 From Verse (UK or EU)
Verse is a money transfer service that has a generous reward for signing up. Steps are simple.
How to get the reward? From Verse (UK or EU) Verse is a money transfer service that has a generous reward for signing up. Steps are simple. How to get the reward?
[ HOW TO CLAIM MONEY ]
STEP 1 - SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK. DO NOT DOWNLOAD THE APP AND REGISTER AS IT IS FOR NEW USERS ONLY
STEP2 - Register using my link and load £20/€20 by linking your bank
STEP3 - Send the money to a friend or relative, or if you need assistance you can send to me and I’ll send it right back.
STEP4 - After both requirements are completed you can IMMEDIATELY claim your reward and withdrawal the money to your bank account.
If there are any inquiries, feel free to message me.
T&C:https://verse.me/en/terms
CURVE (5£) +1 from me
Curve is a great app where you can add all your debit and credit cards and spend from any of them just by choosing it with a tap of your finger.
Here's how to get your FREE £5:
  1. Download the Curve app on your phone. You can use this link ***SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK***
  2. Make sure to enter my code when signing up to get FREE £5 after your first transaction.
  3. Add one of your debit or credit cards in the app.
  4. Wait for your Curve MasterCard to arrive by post (it's completely free) and make your first payment. I added my Revolut card and topped up my Revolut account with Curve card in order to activate the bonus, so no actual spending needed. You can also add your Curve card to PayPal and verify it. It will count as a transaction and will activate the bonus.
  5. You will be awarded FREE £5, which you can spend anywhere with your Curve card.
T&C:https://www.curve.com/en/terms
WORLDREMIT (Voucher code 25 euros, 30CAD, 35 AUD e.t.c.) + 5 from me
SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
I send money online with WorldRemit. I think you should too. If you join and send 125.00 EUR we'll each get a 25.00 EUR voucher. Also, use the code 3FREE. The first free transactions are fee-free.
IF YOU YOU ARE NOT RESIDENT OF COUNTRY (ex. Belgium) WHERE YOU SEND MONEY TO AND DO NOT HAVE PHONE NUMBER (Belgium), BUT HAVE BELGIUM ACCOUNT, JUST FILL IN THE FIELDS WITH YOUR REAL INFORMATION. IT IS PASSED.
Warming : What is the minimum send amount to qualify for Refer a Friend? (IN this link you can find Sending from / Minimum send amount / Voucher amount)
T&C:https://www.worldremit.com/en/about-us/recipient-terms-conditions
XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) + 4 from me
It a trusted and really fast money transfer service, which offers **£10 referral reward (**£10/€10/$10 or equivalent in sending currency) (so called first transfer discount) if you haven’t tried their service yet.
Here are the steps to get your **FREE (**£10/€10/$10):
  1. SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
  2. Verify your identity with a picture of your Passport/ID/Driver’s license and your address with a picture of an utility bill. It took me around 4 hours to get verified, which is not too long. It was even faster for others I know.
  3. Make your first transfer of £100 or more)(minimum sending amount is £100/€100/$100, or equivalent in sending currency) . Click ‘Send Money’ on the Dashboard. On the next page choose that you’re sending money from UK to the country where your EUR account is and write 0 next to ‘Transfer Fee’, so it becomes free. You will see £10 discount applied, which means that you will have to pay £90 for this transfer and will receive equivalent to £100 in Euros.
  4. Enter your own personal details and your EUR account details.
  5. Pay with your card or bank transfer.
Your money should reach your account within 1 business day.
T&C:https://xendpay.com/xendpay-terms-and-conditions/
TRANSFERGO (10£) + 5 from me
Get £10 bonus using my referral code: Enter my code when signing up to get your £10 bonus. Once you’ve transferred over £50 or equivalent, you’ll receive your £10 cashback. I love using TransferGo to send money abroad! Try it for FREE yourself! After the identity verification you will receive a code for fee-free transfer. The procedure takes about 30 minutes to be completed.
We recommend reading our terms in full.
T&C: https://www.transfergo.com/en/terms-and-conditions
TRANSFERWISE (PROVIDE YOU WITH 5IF YOU DO A TRANSFER OVER 250)
TransferWise provides you with a first transfer of up to 500 GBP fee-free. And, as always — you’ll get the real exchange rate whenever you send money abroad. Instant transfer. In my case, I used my Revolut card (physical or virtual) and sent money (250€) from my EU Revolut account to GBP Revolut account. The money transfer was completed after 10 second and exchanged Pounds into Euro without losing anything. SEND ME A PERSONAL MESSAGE OR BID ME A S A COMMENT TO SEND YOU MY UNIQUE LINK.
T&C: https://transferwise.com/terms-and-conditions
submitted by AchilleasOikonomou to free_referrals [link] [comments]

Crypto-Currency: A Guide to Common Tax Situations

STATUS: Majority of questions have been answered. If yours got missed, please feel free to post it again.
Introduction
All,
Based on the rapid increase in popularity and price of bitcoin and other crypto currencies (particularly over the past year), I expect that lots of people have questions about how crypto currency will impact their taxes. This thread attempts to address several common issues. I'm posting similar versions of it here, in several major crypto subs, and eventually in the weekly "tax help" threads personalfinance runs.
I'd like to thank the /personalfinance mod team and the /tax community for their help with this thread and especially for reading earlier versions and offering several valuable suggestions/corrections.
This thread is NOT an endorsement of crypto currency as an investing strategy. There is a time and a place to debate the appropriateness of crypto as part of a diversified portfolio - but that time is not now and that place is not here. If you are interested in the general consensus of this sub on investing, I would urge you to consult the wiki while keeping in mind the general flowchart outlining basic steps to get your finances in order.
Finally, please note that this thread attempts to provide information about your tax obligations as defined by United States law (and interpreted by the IRS under the direction of the Treasury Department). I understand that a certain portion of the crypto community tends to view crypto as "tax free" due to the (actual and perceived) difficulty for the IRS to "know" about the transactions involved. I will not discuss unlawfully concealing crypto gains here nor will I suggest illegal tax avoidance activities.
The Basics
This section is best for people that don't understand much about taxes. It covers some very basic tax principles. It also assumes that all you did during the year was buy/sell a single crypto currency.
Fundamentally, the IRS treats crypto not as money, but as an asset (investment). While there are a few specific "twists" when it comes to crypto, when in doubt replace the word "crypto" with the word "stock" and you will get a pretty good idea how you should report and pay tax on crypto.
The first thing you should know is that the majority of this discussion applies to the taxes you are currently working on (2017 taxes). The tax bill that just passed applies to 2018 taxes (with a few very tiny exceptions), which most people will file in early 2019.
In general, you don't have to report or pay taxes on crypto currency holdings until you "cash out" all or part of your holdings. For now, I'm going to assume that you cash out by selling them for USD; however, other forms of cashing out will be covered later.
When you sell crypto, you report the difference between your basis (purchase price) and proceeds (sale price) on Schedule D. Your purchase price is commonly referred to as your basis; while the two terms don't mean exactly the same thing, they are pretty close to one another (in particular, there are three two ways to calculate your basis - your average cost, a first-in, first-out method, and a "specific identification" method. See more about these here and here). EDIT - you may not use average cost method with crypto - see here. If you sell at a gain, this gain increases your tax liability; if you sell at a loss, this loss decreases your tax liability (in most cases). If you sell multiple times during the year, you report each transaction separately (bad news if you trade often) but get to lump all your gains/losses together when determining how the trades impact your income.
One important thing to remember is that there are two different types of gains/losses from investments - short term gains (if you held an asset for one year or less) and long term gains (over one year; i.e. one year and one day). Short term gains are taxed at your marginal income rate (basically, just like if you had earned that money at a job) while long term gains are taxed at lower rates.
For most people, long term capital gains are taxed at 15%. However, if you are in the 10% or 15% tax bracket, congrats - your gains (up to the maximum amount of "unused space" in your bracket) are tax free! If you are in the 25%, 28%, 33%, or 35% bracket, long term gains are taxed at 15%. If you are in the 39.6% bracket, long term gains are taxed at 20%. Additionally, there is an "extra" 3.8% tax that applies to gains for those above $200,000/$250,000 (single/married). The exact computation of this tax is a little complicated, but if you are close to the $200,000 level, just know that it exists.
Finally, you should know that I'm assuming that you should treat your crypto gains/losses as investment gains/losses. I'm sure some people will try and argue that they are really "day traders" of crypto and trade as a full time job. While this is possible, the vast majority of people don't qualify for this status and you should really think several times before deciding you want to try that approach on the IRS.
"Cashing Out" - Trading Crypto for Goods/Services
I realize that not everyone that "cashes out" of crypto does so by selling it for USD. In fact, I understand that some in the crypto community view the necessity of cashing out itself as a type of myth. In this section, I discuss what happens if you trade your crypto for basically anything that isn't cash (minor sidenote - see next section for a special discussion on trading crypto for crypto; i.e. buying altcoins with crypto).
The IRS views trading crypto for something of value as a type of bartering that must be included in income. From the IRS's perspective, it doesn't matter if you sold crypto for cash and bought a car with that cash or if you just traded crypto directly for the car - in both cases, the IRS views you as having sold your crypto. This approach isn't unique to crypto - it works the same way if you trade stock for something.
This means that if you do trade your crypto for "stuff", you have to report every exchange as a sale of your crypto and calculate the gain/loss on that sale, just as if you had sold the crypto for cash.
Finally, there is one important exception to this rule. If you give your crypto away to charity (one recognized by the IRS; like a 501(c)(3) organization), the IRS doesn't make you report/pay any capital gains on the transaction. Additionally, you still get to deduct the value of your donation on the date it was made. Now, from a "selfish" point of view, you will always end up with more money if you sell the crypto, pay the tax, and keep the rest. But, if you are going to make a donation anyway, especially a large one, giving crypto where you have a big unrealized/untaxed gain is a very efficient way of doing so.
"Alt Coins" - Buying Crypto with Crypto
The previous section discusses what happens when you trade crypto for stuff. However, one thing that surprises many people is that trading crypto for crypto is also a taxable event, just like trading crypto for a car. Whether you agree with this position or not, it makes a lot of sense once you realize that the IRS doesn't view crypto as money, but instead as an asset. So to the IRS, trading bitcoin for ripple isn't like trading dollars for euros, but it is instead like trading shares of Apple stock for shares of Tesla stock.
Practically, what this means is that if you trade one crypto for another crypto (say BTC for XRP just to illustrate the point), the IRS views you as doing the following:
  • Selling for cash the amount of BTC you actually traded for XRP.
  • Owing capital gains/losses on the BTC based on its selling price (the fair market value at the moment of the exchange) and your purchase price (basis).
  • Buying a new investment (XRP) with a cost basis equal to the amount the BTC was worth when you exchanged them.
This means that if you "time" your trade wrong and the value of XRP goes down after you make the exchange, you still owe tax on your BTC gain even though you subsequently lost money. The one good piece of news in this is that when/if you sell your XRP (or change it back to BTC), you will get a capital loss for the value that XRP dropped.
There is one final point worth discussing in this section - the so called "like kind exchange" rules (aka section 1031 exchange). At a high level, these rules say that you can "swap" property with someone else without having to pay taxes on the exchange as long as you get property in return that is "like kind". Typically, these rules are used in real estate transactions. However, they can also apply to other types of transactions as well.
While the idea is simple (and makes it sound like crypto for crypto should qualify), the exact rules/details of this exception are very fact specific. Most experts (including myself, but certainly not calling myself an expert) believe that a crypto for crypto swap is not a like kind exchange. The recently passed tax bill also explicitly clarifies this issue - starting in 2018, only real estate qualifies for like kind exchange treatment. So, basically, the vast majority of evidence suggests that you can't use this "loophole" for 2017; however, there is a small minority view/some small amount of belief that this treatment would work for 2017 taxes and it is worth noting that I'm unaware of any court cases directly testing this approach.
Dealing with "Forks"
Perhaps another unpleasant surprise for crypto holders is that "forks" to create a new crypto also very likely generate a taxable event. The IRS has long (since at least the 1960s) held that "found" money is a taxable event. This approach has been litigated in court and courts have consistently upheld this position; it even has its own cool nerdy tax name - the "treasure trove" doctrine.
Practically, what this means is that if you owned BTC and it "forked" to create BCH, then the fair market value of the BCH you received is considered a "treasure trove" that must be reported as income (ordinary income - no capital gain rates). This is true whether or not you sold your BCH; if you got BCH from a fork, that is a taxable event (note - I'll continue using BTC forking to BCH in this section as an example, but the logic applies to all forks).
While everything I've discussed up to this point is pretty clearly established tax law, forks are really where things get messy with taxes. Thus, the remainder of this section contains more speculation than elsewhere in this post - the truth is that while the idea is simple (fork = free money = taxable), the details are messy and other kinds of tax treatment might apply to forks.
One basic practical problem with forks is that the new currency doesn't necessarily start trading immediately. Thus, you may have received BCH before there was a clear price or market for it. Basically, you owe tax on the value of BCH when you received it, but it isn't completely clear what that value was. There are several ways you can handle this; I'll list them in order from most accurate to least accurate (but note that this is just my personal view and there is ongoing disagreement on this issue with little/no authoritative guidance).
  • Use a futures market to determine the value of the BCH - if reliable sources published realistic estimates of what BCH will trade for in the future once trading begins, use this estimate as the value of your BCH. Pros/cons - futures markets are, in theory, pretty accurate. However, if they are volatile/subject to manipulation, they may provide an incorrect estimate of the true value of BCH. It would suck to use the first futures value published only to have that value plummet shortly thereafter, leaving you to pay ordinary income tax but only have an unrealized capital loss.
  • Wait until an exchange starts trading BCH; use the actual ("spot" price) as the value. Pros/cons - spot prices certainly reflect what you could have sold BCH for; however, it is possible that the true value of the coin was highelower when you received it as compared to when it started trading on the exchange. Thus this method seems less accurate to me than a futures based approach, but it is still certainly fairly reasonable.
  • Assume that the value is $0. This is my least preferred option, but there is still a case to be made for it. If you receive something that you didn't want, can't access, can't sell, and might fail, does it have any value? I believe the answer is yes (maybe not value it perfectly, but value it somewhat accurately), but if you honestly think the answer is no, then the correct tax answer would be to report $0 in income from the fork. The IRS would be most likely to disagree with this approach, especially since it results in the least amount of income reported for the current year (and the most favorable rates going forward). Accordingly, if you go this route, make extra sure you understand what it entails.
Note, once you've decided what to report as taxable income, this amount also becomes your cost basis in the new crypto (BCH). Thus, when you ultimately sell your BCH (or trade it for something else as described above), you calculate your gain/loss based on what you included in taxable income from the fork.
Finally, there is one more approach to dealing with forks worth mentioning. A fork "feels" a lot like a dividend - because you held BTC, you get BCH. In a stock world, if I get a cash dividend because I own the stock, that money is not treated as a "treasure trove" and subject to ordinary income rates - in most cases, it is a qualified dividend and subject to capital gain rates; in some cases, some types of stock dividends are completely non taxable. This article discusses this idea in slightly more detail and generally concludes that forks should not be treated as a dividend. Still, I would note that I'm unaware of any court cases directly testing this theory.
Ultimately, this post is supposed to be practical, so let me make sure to leave you with two key thoughts about the taxation of forks. First, I believe that the majority of evidence suggests that forks should be treated as a "treasure trove" and reported as ordinary income based on their value at creation and that this is certainly the "safest" option. Second, out of everything discussed in this post, I also believe that the correct taxation of forks is the murkiest and most "up for debate" area. If you are interested in a more detailed discussion of forks, see this thread for a previous version of this post discussing it at even more length and the comments for a discussion of this with the tax community.
Mining Crypto
Successfully mining crypto coins is a taxable event. Depending on the amount of effort you put into mining, it is either considered a hobby or a self-employment (business) activity. The IRS provides the following list of questions to help decide the correct classification:
  • The manner in which the taxpayer carries on the activity.
  • The expertise of the taxpayer or his advisors.
  • The time and effort expended by the taxpayer in carrying on the activity.
  • Expectation that assets used in activity may appreciate in value.
  • The success of the taxpayer in carrying on other similar or dissimilar activities.
  • The taxpayer’s history of income or losses with respect to the activity.
  • The amount of occasional profits, if any, which are earned.
If this still sounds complicated, that's because the distinction is subject to some amount of interpretation. As a rule of thumb, randomly mining crypto on an old computer is probably a hobby; mining full time on a custom rig is probably a business.
In either event, you must include in income the fair market value of any coins you successfully mine. These are ordinary income and your basis in these coins is their fair market value on the date they were mined. If your mining is a hobby, they go on line 21 (other income) and any expenses directly associated with mining go on schedule A (miscellaneous subject to 2% of AGI limitation). If your mining is a business, income and expenses go on schedule C.
Both approaches have pros and cons - hobby income isn't subject to the 15.3% self-employment tax, only normal income tax, but you get fewer deductions against your income and the deductions you get are less valuable. Business income has more deductions available, but you have to pay payroll (self-employment) tax of about 15.3% in addition to normal income tax.
What if I didn't keep good records? Do I really have to report every transaction?
One nice thing about the IRS treating crypto as an asset is that we can look at how the IRS treats people that "day trade" stock and often don't keep great records/have lots of transactions. While you need to be as accurate as possible, it is ok to estimate a little bit if you don't have exact records (especially concerning your cost basis). You need to put in some effort (research historical prices, etc...) and be reasonable, but the IRS would much rather you do a little bit of reasonable estimation as opposed to just not reporting anything. Sure, they might decide to audit you/disagree with some specifics, but you earn yourself a lot of credit if you can show that you honestly did the best you reasonably could and are making efforts to improve going forward.
However, concerning reporting every transaction - yes, sorry, it is clear that you have to do this, even if you made hundreds or thousands of them. Stock traders have had to go through this for many decades, and there is absolutely no reason to believe that the IRS would accept anything less from the crypto community. If you have the records or have any reasonable way of obtaining records/estimating them, you must report every transaction.
What if I don't trust you?
Well, first let me say that I can't believe you made it all the way down here to this section. Thanks for giving me an honest hearing. I would strongly encourage you to go read other well-written, honest guides. I'll link to some I like (both more technical IRS type guides and more crypto community driven guides). While a certain portion of the crypto community seems to view one of the benefits of crypto as avoiding all government regulation (including taxes), I've been pleasantly surprised to find that many crypto forums contain well reasoned, accurate tax guides. While I may not agree with 100% of their conclusions, that likely reflects true uncertainty around tax law that is fundamentally complex rather than an attempt on either end to help individuals unlawfully avoid taxes.
IRS guides
Non-IRS guides
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