Perfect Ways for Boosting Your Money in Crypto Trade

This year, the sector has experienced unprecedented growth. In December 2016, at the same time, the entire market was about $ 40 billion and involved fewer than 5 million people (engineers, contractors, journalists and buyers). Today, it is a market of more than 500 billion dollars that includes more than 50 million people. It will increase by 500% in 2018. Here’s why in reasons:

The blockchain is like freedom of expression. We cannot stop it.

The blockchain is the distributed trust network that the Internet has always needed, and nobody can stop it. Why? Because it is composed of nothing but code and the system is a language. You cannot stop someone from talking or writing their thoughts on their computer. To stop Blockchain, you must prevent people from coding, which mean banning their freedom of speech. The country that would do that would be one of the most totalitarian regimes we have ever had.

The adoption rate is still low

Assuming that there are nearly 4 billion adults connected to the Internet and 50 million accounts created on different exchange platforms to date (Coinbase, Bitfinex, Poloniex, and kraken). This would mean that we are currently at a consumer adoption rate of less than 2%. The largest exchanges are growing tremendously, opening thousands of new accounts a day. The network effect is becoming increasingly powerful, and the average dollar amount per user is also increasing, as slowly, but surely people are investing more and more.

The rarity of Bitcoin

A Bitcoin is worth about $ 18,000 today. The $ 100,000 + value road will be hectic, but we are on the way. It may sound crazy, but 20 years ago, 99.9% of the population would have called you stupid if you had predicted that one day, could one day be worth $ 35 million. Alternatively, that could be worth $ 20 million. Well, that’s the case today. Why? Because of the scarcity of these nominal assets it’s the same for Bitcoin. The finished number (21million) plus the growing demand will only further increase the unit price. You can get the entire set of information from now.

What if we talked about the service?

Twenty years ago, the Internet bubble was supposed to be even worse than the tulip mania in the 17th century. Moreover, indeed, the bubble burst and the correction took place, but today, like the vast majority of my friends, we spend at least 50% of our day online, we can get everything we want by pressing on a button and spend a few thousand dollars a month on the Internet. Why? That is because the Internet bubble has created products and services that we use today, natively in our lives. In the meantime, we do not buy or carry gold, and I hardly know the colour and smell of a tulip. The Internet is useful. Blockchain will be helpful. The tulip was not.

Explore the Best Of Money Transactions Now Offering the Best Results

To exchange or transfer money abroad, the bank transfer is not the cheapest solution. Yet it is one of the first steps you take when you move to a foreign country as a worker, expatriate, student, volunteer.

Here are some alternatives to save money transfers

Above all, there is not one quick fix. It will combine several if you really want to maximize the economy on your transfer of money!

New services appear every day, we update this article regularly with the latest solutions that I find. Do not hesitate to leave a comment, if you find cheaper solutions. The international money express does the job for you.

In summary:

Why transfer money to a foreign country with your bank is expensive?

A quick explanation of the fees (hidden or not), when you make a transfer of money between two currencies?

The most profitable money transfer: online money transfer platforms.

To make money transfers abroad, as for many other things, internet is the cheapest. After comparing TransferMate and TransferWise, we think we have now discovered the perfect tool: Moneytis, a free comparator that guarantees your transfers. I tested is that happiness!

The cheapest money transfer for the first few days: cash.

You take your money with you and change it directly at the exchange office. Some tips to get the best rate from our experiences.

Money transfer abroad – bank charges:

When you arrive in a foreign country, change your money for the local currency with your bank is expensive, it is a fact that we have unfortunately experienced (our first transfer from France to Australia has cost us 6% of our savings). There are different fees you pay when transferring money in a different currency or currency:

Transfer fees

It’s the cost of your transfer. What your bank is doing when you ask them to transfer money out of the euro zone. Some banks also charge a fee upon receiving a transfer in a foreign currency. These fees (sending or receiving) are very variable depending on the banks (between 12 and 35 € according to my short research). If you ask your banker about it, he’ll talk to you about it and you may even be able to negotiate it. It’s often the only part of the fees he’s talking about.

Exchange fees (the famous hidden fees)

These are the fees that no one ever talks about (banks even less). It’s the commission of the bank when it sells you a currency (when it does the work of a bureau de change). This is the difference between the real exchange rate and the exchange rate applied by the bank. A bank will always tell you how much it will sell you the currency, but never the actual rate of the day. And if she did, you would run away. Your banker rarely speaks to you about these expenses. This is the biggest part.

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