Tag: track crypto transactions

  • Top 23 Best Cryptocurrency wallets of 2021

    A Bitcoin wallet is a software application that will help you store your bitcoins and other digital currencies. Since bitcoins or any other digital currencies do not have a physical form you will not be able to store them anywhere else other than crypto wallets.

    Crypto wallets are considered to be easy to use and reliable. They are also safe and secure to use. Let’s look at the below article to analyze the top bitcoin wallets available in the market.

    Coinbase
    Binance Chain (BNB)
    PointPay Banking Wallet
    Bitfinex
    Trezor
    Paxful Wallet
    Ledger Nano
    WireX
    Overbit
    eToro
    Bitcoin IRA
    FTX
    Phemex
    Bybit
    BitIRA
    Blockchain
    Robinhood
    Coingate
    Monero (XMR)
    Atomic Wallet
    Electrum
    Edge
    BRD
    FAQ

    Coinbase

    Coinbase is a best overall cryptocurrency wallet that can be used to not only store digital currency but also for purchasing, transferring and even selling of these digital currencies. The application even has an offline storage where it securely holds and stores a wide range of digital assets. This cryptocurrency wallet is available in more than 100 countries.

    Coinbase Website
    Coinbase Website

    One of the features of Coinbase is that it is one of the largest cryptocurrency exchanges. The platform stores all your digital assets safely in a vault. Coinbase lets you schedule your trading process on a daily, weekly or a monthly basis.
    This application provides a single platform for buying, selling, transacting and storing digital currency making it easier. The application is available for both iOS and Android devices.

    Binance Chain (BNB)

    Binance Chain is considered to be one of the best cryptocurrency wallets. Through Binance you can create a crypto wallet but also use the platform for trading more than 150 cryptocurrencies. The application even provides an Application Programming interface that helps you to integrate your current trading application.

    Binance Website
    Binance Website

    Some of the other features of Binance Chain include 24/7 support making it one of the safest cryptocurrency wallets. It is considered that Binance Chain does more than 1.2 billion average daily trading volumes. Binance Chain has more than 14 lakh transactions per second.

    Binance chain has a wide range of applications for online trading and also offers various basic and advanced exchange interfaces for trading. The application is available for android, windows and iOS users.

    PointPay Banking Wallet

    PointPay Banking Wallet is one of the best crypto wallets. It is considered to be the first cryptocurrency wallet in which you can store more than 10 cryptocurrencies that are popular. This application not only lets you store your cryptocurrencies but also will provide you with interest in depositing your cryptocurrency.

    Pointpay Website
    Pointpay Website

    On a yearly basis, it is estimated that you can earn up to 30% with the PointPay token (PXP) in the PointPay Banking Wallet. You will have to buy the PointPay token to get additional interest in your cryptocurrencies.

    You also have the feature of taking loans using your cryptocurrencies. Through PointPay banking wallet you can easily buy and sell your cryptocurrencies using credit cards, debit cards, bank transfers, SEPA or even using Apple pay.

    You can use the mobile application on both iOS and Android devices.


    Top 32 FinTech Startups of India | Indian Fintech Companies in 2021
    Fintech, short for financial technology, has become a crucial part of the globaleconomy., all financial tasks were completed through paperwork only, aspaper-based medium was considered to be the safest. But with the development oftechnology, internet has emerged as the preferred platform for fina…


    Bitfinex

    Bitfinex is a trading platform. The application will let you easily exchange cryptocurrencies such as Ethereum, EOS, Litecoin and many more. This platform even enables you to use a peer-to-peer funding market. This website offers you with advanced chart tools which will help you visualize your products easily.

    Bitfinex Website
    Bitfinex Website

    Bitfinex provides various tools to make trading easier. The application is available for both Android and iOS devices.

    Trezor

    Trezor is slightly different from other crypto wallets. It is a hardware wallet that will help you store your bitcoins. You will be able to easily plug Trezor into your computer or a smartphone, then it would provide you with a pin code which will be generated randomly. This will ensure that the device is safe and secure.

    Trezor Website
    Trezor Website

    Some of the other features of this hardware wallet include an offline storage system that is ultra-secure, easy-to-use touchscreen, exposure to private keys, etc. This platform supports more than 1,000 currencies and is available for Windows users, Mac OS X users and Linux users.

    Paxful Wallet

    Paxful is one of the popular cryptocurrency wallets. Paxful is a peer to peer marketplace which you can use to buy and sell bitcoins. The platform offers more than 300 payment methods. This platform makes it easier for beginners as well as intermediates to make profits from digital currencies.

    Paxful Website
    Paxful Website

    Paxful Wallet lets you directly withdraw from the bank account and also lets you send funds to your bank account or PayPal account. Paxful provides safety for your money and even lets you trade in more than 100 digital currencies. You can use Paxful wallet to buy and sell bitcoins with bank transfers.


    How to buy Dogecoin Cryptocurrency in India?(Step by Step method))
    Dogecoin was created in 2013 by Jackson Palmer (Adobe Employer) $ Billy Palmer (Software Engineer). What began as a joke, is now making investors rich. It’s thrilling to see that there are people out there willing to buy Dogecoin for a higher price. That’s what keeps on driving more


    Ledger Nano

    Ledger Website
    Ledger Website

    Ledger Nano is a hardware crypto wallet, it supports multiple cryptocurrencies. They provide a LED display and a pin for transfer of wallets. Ledger Nano can be easily accessed through a USB supported device.

    You can use Ledger Nano on Mac, Linux and Windows. They also have a two-factor verification process.

    WireX

    WireX Website
    WireX Website

    WireX is more like a travel card and a cryptocurrency wallet. It helps to convert your payments into any local currency without any exchange fees. It is also a hardware wallet. WireX allows you to buy, store, spend and exchange cryptocurrencies anytime and anywhere.

    Overbit

    Overbit Website
    Overbit Website

    Overbit is a platform which helps in trading of bitcoin, cryptocurrencies and forex. It won’t allow the wallet to have a negative balance. It also offers features such as advanced risk management which will limit the exposure.

    eToro

    etoro Website
    eToro Website

    eToro is a cryptocurrency wallet which provides additional features such as stock trading, commodities, ETF’s, Index funds, Forex trading and many more. eToro is supported by Android and iOS devices. You can easily buy and sell cryptocurrencies using this app.

    Bitcoin IRA

    BitcoinIRA Website
    BitcoinIRA Website

    Bitcoin IRA is a cryptocurrency platform which will let you buy and sell bitcoins and it provides an additional benefit where the gain you receive from your bitcoins are going to be tax free. The other assets you can invest in are Gold, Ethereum and many more.

    FTX

    FTX Website
    FTX Website

    FTX is a cryptocurrency exchange and also a derivative exchange. You will be able to buy and sell your cryptocurrencies in a pre-determined price. You can use the platform on both mobile application and desktops.

    Phemex

    Phemex Website
    Phemex Website

    Phemex is a cryptocurrency platform which lets you trade cryptocurrencies easily. You can also buy cryptocurrencies through different payment methods or using credit/debit cards. It lets you perform up to 300k transactions per second. The application is available for both Android and iOS devices.

    Bybit

    Bybit Website
    Bybit Website

    Bybit is also a cryptocurrency wallet which lets you trade cryptocurrencies easily. This application lets you customize it according to the requirements. The platform is available for both android and iOS devices.

    BitIRA

    BitIRA Website
    BitIRA Website

    BitIRA is a platform which will let you invest in cryptocurrencies for IRA which is for your retirement account. BitIRA provides security on the risk of devaluation. It also allows you to exchange one currency with another.

    Blockchain

    Blockchain Website
    Blockchain Website

    Blockchain is considered to be the safest cryptocurrency wallet. It offers two different wallets which are cold wallet which you can use for storing your bitcoins and cryptocurrencies and hot wallet that you can use for transaction of bitcoins and cryptocurrencies. The platform supports both android and iOS devices.

    Robinhood

    Robinhood Website
    Robinhood Website

    Robinhood is also one of the top cryptocurrency exchange and bitcoin wallet. You can buy bitcoins, Ethereum, Dogecoin and other cryptocurrencies using one of the best crypto wallets, Robinhood. You can use the smartphone application for all your transactions.

    Coingate

    Coingate Website
    Coingate Website

    Coingate is a platform that lets you store cryptocurrencies such as bitcoins, Ethereum, Litecoin and many more in an easier way. You can purchase cryptocurrencies with a wide range of payment methods. The application supports more than 50 cryptocurrencies.

    Monero (XMR)

    Monero Website
    Monero Website

    Monero XMR is a cryptocurrency wallet. It is considered to be one of the fastest, secured and a private platform. The wallet is available for a variety of devices. It also helps to convert the currencies into XMR. You can also use MONERO as a currency in exchange for goods and services.

    Atomic Wallet

    Atomic Wallet Website
    Atomic Wallet Website

    Atomic Wallets helps in managing and storing up to 300 cryptocurrencies and tokens such as bitcoins, Ethereum, Litecoin and many more. It is considered to be one of the best crypto wallets. Atomic wallet provides an instant exchange with cashback offers.

    Electrum

    Electrum Website
    Electrum Website

    Electrum is one of the oldest cryptocurrency markets available in the market It offers excellent privacy features and is considered to be best wallet for cryptocurrency. It provides high security and prevents thefts and loss of funds.

    Edge

    Edge Website
    Edge Website

    Edge is a bitcoin wallet which is used for mobile devices which include android and iOS devices. It provides support for more than 30 cryptocurrencies making it one of the best crypto wallets available in the market. It also offers two factor verification process.

    BRD

    BRD Website
    BRD Website

    BRD is a crypto mobile wallet which renders the customer loyalty and also have rewards programme. This application also provides a hardware encryption which will keep your cryptocurrencies safe. It offers privacy and an easy user interface.

    Conclusion

    The above is the list of top crypto wallets. You can go through the features and use this article as a reference to choose the right crypto wallet according to your needs. Cryptocurrencies are considered to be the future and we will be able to see huge rise in the crypto wallet industry.

    FAQ

    What is Bitcoin wallet?

    A Bitcoin wallet is a software application in which you store your Bitcoins. However, bitcoin does not exist in any physical shape or form. Bitcoin can’t technically be stored anywhere except coin wallets.

    How to Add Funds to a Bitcoin Wallet?

    You need to determine the amount of Bitcoin you want to buy. After that, you need to enter an amount that you want to deposit to your bitcoin address. Then using ACH, Wire, credit card the amount will be transferred to the bitcoin wallet.

    What are the best Bitcoin wallets?

    Coinbase, Binance, Trezor, and Bitfinex are some of the best Bitcoin wallets.

  • Top 10 Best Cryptocurrencies to invest in 2021

    The popularity of cryptocurrencies has been increasing over the years. We would have seen huge returns provided by these cryptocurrencies, with the promotion of these coins by Elon Musk and his company. Let’s look at the top cryptocurrencies in the market which you can choose to invest in in the year 2021.

    Bitcoin
    Ethereum
    Binance Coin
    Doge Coin
    Tether
    Cardano
    Litecoin
    Bitcoin Cash
    XRP
    Shiba Inu Coin
    FAQ

    Bitcoin

    Bitcoin is considered to be the king of cryptocurrencies moreover the term cryptocurrency was bought into the limelight because of bitcoins. They have the highest liquidity value compared to any other cryptocurrency in the market.

    Bitcoin is a decentralized digital coin with no restrictions. It is widely accepted across the globe and the increase in popularity of bitcoins has led companies such as Tesla to accept it as a payment gateway.

    The market capitalization of bitcoin is USD 1,067,761,831,980 and the current price of one bitcoin is around USD 57,048.95.

    Ethereum

    Ethereum is a popular cryptocurrency after bitcoin. Ethereum is the second largest cryptocurrency in the market. Ethereum will let users to create smart contracts as it is a decentralized open-source blockchain. Ethereum is the second largest in market capitalization after bitcoin.

    The market capitalization of Ethereum is USD 482,724,167,431 and the current price of one Ethereum is around USD 4,156.17.

    Binance Coin

    Binance Coin would be the best option if you are looking to diversify your cryptocurrency investment. Binance which is the parent company of this cryptocurrency has a strong business history and has created utility tokens. Traders also can use Binance coins for purchasing other cryptocurrencies in the market through Binance Exchange.

    Binance Exchange is one of the fastest growing crypto exchanges in the crypto market.

    The market capitalization of the Binance coin is USD 103,328,372,259 and the current price of one Binance Coin is around USD 673.67.

    Doge Coin

    DogeCoin which was initially started as a meme has now has a huge market capitalization in the cryptocurrency market. It has provided huge returns to its investors in the recent times. The cryptocurrency’s price was hyped and increased by the Reddit users in the early 2021 and later it was further supported by Elon Musk. Recently Elon Musk’s company SpaceX had announced that it would take payments in the form of Doge Coins. In a recent tweet Elon musk tweeted that if users wanted Tesla to accept Dogecoin.


    The market Capitalization of Doge Coin is USD 64,411,150,712 and the current price of one Doge Coin is around USD 0.5.


    Which NFT Auction Marketplace is Right for you
    NFTs (Non-Fungible Tokens) have gained a lot of popularity in recent years. Youwould have already been through certain social media posts or gone through somenews about NFT’s of certain arts being sold for billions of dollars. Let’s understand what exactly NFT auction Marketplace are. What is N…


    Tether

    Tether is a different type of cryptocurrency; it is called a stable coin. This cryptocurrency’s value is derived from the fiat currencies such as USD, Euros, etc. Investors who require more stability and less amount of volatility in their investment would choose to invest into the stable coins.

    The market capitalization of Tether is USD 57,292,456,987 and the price of one Tether is around USD 1.00.

    Cardano

    Cardano is another popular cryptocurrency and is becoming a favourite one among the investors. This coin uses a different blockchain called as Ouroboros blockchain, which means that it has two blockchains instead of a single one. Most of the investors of Cardano are Japanese and it is popularly called as the Japanese Ethereum.

    The market capitalization of Cardano is USD 57,111,319,394 and its current price is around USD 1.78.

    Litecoin

    Litecoin is another top cryptocurrency and has a high liquidity value. Litecoin is similar to bitcoins in regards to supplying as there are only 84 million coins with a block reward. The average time for the miners to mine a Litecoin is around two minutes making it easier to mine. The increase in the popularity of these coins makes it the best of the altcoins.

    The market capitalization of Litecoin is USD 25,705,190,474 and its current price is around USD 384.43.

    How common are Cryptocurrencies around the world
    How common are Cryptocurrencies around the world

    Bitcoin Cash

    Bitcoin Cash became popular due to the stability concerns faced by bitcoin. The name bitcoin attached to this cryptocurrency has led the cryptocurrency to scale in the recent years and providing a huge market capitalization by catching the eyes of the investors.

    The market capitalization of Bitcoin cash is USD 29,505,644,297 and its current price is around USD 1,564.62.


    Reasons Why Indian government wants to ban Cryptocurrency
    Indian Government is planning to introduce a new bill that will ban all theprivate cryptocurrencies in the country. The government has plans to bancryptocurrencies such as bitcoin and Ethereum and to introduce a nationalcryptocurrency. The new bill is planned to be introduced in the lower house o…


    XRP

    XRP is another popular and one of the to cryptocurrencies in the market. This coin is pre-mined and the mining procedure of XRP is less complicated compared to bitcoins. It is a native cryptocurrency for the products developed by Ripple Labs.

    The market capitalization of XRP is USD 53,135,015,798 and its current price is around USD 1.51.

    Shiba Inu Coin

    Shiba Inu Coin is one of the recent cryptocurrencies which has been surging in the top 100 of the cryptocurrency market. Ever since the recent dip in bitcoins, there has been a lot of attention given to this cryptocurrency as the investors are on the lookout for something big.

    Shiba Inu Coin has a market capitalization of USD 12,309,275,819 and its current price is around USD 0.00003114.

    FAQ

    What is the cheapest Cryptocurrency?

    Dogecoin is the cheapest cryptocurrency to purchase in 2021.

    Who owns the most bitcoin?

    Satoshi Nakamoto, the cryptocurrency’s pseudonymous investor owns the most bitcoin.

    What did Warren Buffett say about Bitcoin?

    Warren Buffet said that, ‘Cryptocurrencies basically have no value and they don’t produce anything,” Buffett also told CNBC last year that “I don’t have any cryptocurrency and I never will,”.

    Conclusion

    Most of the individuals believe that cryptocurrencies will have a huge market in the coming future and it would replace all the fiat currencies and the other half believe that the value of cryptocurrencies would just reduce over the time and consider it to be another bubble. However many investors have generated huge returns from investing in these asset classes.

  • Blockonomics – Simplifying Bitcoin Transactions

    The way people do transactions has evolved dramatically over centuries, from a barter system to a monetary system; from plastic money to now bitcoins. Since its creation in 2009 by Satoshi Nakamoto, an increasing number of people now see Bitcoins as a trusted way of transaction, as now major companies like Microsoft, BMW, and Etsy are also accepting Bitcoin payments. Going by numbers, the cryptocurrency market was valued at USD 1.03 billion by 2019 and is projected to reach USD 1.40 billion in 2024, growing at a CAGR of 6.18% during the forecast period. This growing popularity of bitcoins inspired Shiva Sitamraju to start Blockonomics, a startup that unlocks the power of Bitcoin by allowing entrepreneurs and enthusiasts to manage their bitcoin payments with ease. Here is a peek into the journey and operations of this Hyderabad-based startup.

    Company Highlights

    Startup Name Blockonomics
    Headquarter Hyderabad
    Founder Shiva Sitamraju
    Sector Ecommerce
    Founded 2015
    Website blockonomics.co

    Blockonomics—About
    Blockonomics—Founder
    Blockonomics—How It All Started?
    Blockonomics—Work Culture
    Blockonomics—Revenue Model
    Blockonomics—Challenges
    Blockonomics—Growth
    Blockonomics—FAQ’s
    Blockonomics—Conclusion

    Blockonomics—About

    Blockonomics simplifies the process of receiving /making payments through Bitcoins and tracking Bitcoin transactions. The company has introduced a number of features for this, which includes –

    • Bitcoin Payment Plugins for e-commerce merchants, supporting sites like WordPress, Wix, WHMCS, and many more
    • Bitcoin Payment Button/URL, which allows people to set up quick and simple payment options and donations
    • Bitcoin Invoice, so you can pay your employees easily in Bitcoin, or charge customers if you’re a freelancer.
    • Wallet Watcher, so you can easily keep track of all your wallets, with many sub-features such as the Export Feature allowing you to see all your transactions in a simple place.
    • Bitcoin Tracker, a quick way to see any transactions and wallets on the Blockchain.

    “Allowing people to control their own sales and payments is an important part of Blockonomics, and is a driving force in what we do. Many e-commerce merchants have to use expensive payment solutions that go through middlemen, so it limits the control of their sales. Our products seek to ensure entrepreneurs can more directly control their cash inflow and to cut down on fees they experience. We also make the easiest to use Bitcoin payment plugin, the other options are often more complicated” says Blockonomics Shiva Sitamraju emphasizing the USPs of Blockonomics.

    Blockonomic’s products facilitate ease and direct control. The company’s e-commerce plugins tie directly into e-commerce platforms, for easy installation and tracking. For scenarios where a plugin can’t be used, Blockonomics’ in-house solutions, such as the payment button/URL and invoice function are made to be easily implemented into whatever website, email, etc might be used.

    Advantages and Drawbacks of Investing Cryptocurrency
    With the industrialization and absorption of technology, digital currencies aregaining importance over others. One such currency is bitcoins. Several peopleare acquainted with this well-known terminology.What are cryptocurrency’s pros and cons? Is it worth investing in 2020? If youhave such ques…

    Blockonomics—Founder

    Shiv Sitamraju | CEO, Blockonomics (Extreme Right)

    Shiva Sitamraju is the CEO of Blockonomics. Shiva is an MTech from IIT Delhi. He has experience in scalable backend engineering and has held lead engineering roles in a number of startups before. Blockonomics currently has a team of 7 people spread throughout 4 continents. There are 3 members of the marketing team, and 3 on the software development and design.

    Blockonomics—How It All Started?

    Blockonomics started as a Wallet Watcher to track a large number of bitcoin addresses. Sitamraju himself is a bitcoin enthusiast, and was facing problems with monitoring and tracking multiple bitcoin addresses, which made him create ‘Wallet Watcher’ as a tool to help himself out. In December 2014, Sitamaraju launched Blockonomics Wallet Watcher on the bitcointalk forum. The initial response of the bitcoin community on Blockonomics’ Wallet Watcher was very good and it was very heartening for the Blockonomics team to constantly receive feedback on features to add to the product.

    “We used community forums like bitcoin talk, StackExchange, and Reddit. These channels are most important to build your MVP into an actual startup. Even though the growth of user metrics may be slow using these channels, they are valuable to build user trust and help to steer you in the correct direction. In 2015, Blockonomics’ thread became hugely popular on Reddit bitcoin.  Even though we had very few users and zero revenue, constant feedback from customers and a sense that this product is getting used kept us going” says Shiva Sitamraju.

    Blockonomics Founder & Team Members

    However, after 2 years, when Blockonomics monetized its Wallet Watcher, the team soon realized that the revenue stream for the product was very less. So the company started diversifying its offerings.

    “Though some people were willing to pay for the Wallet Watcher, the amount was very less and creating pressure on our margins. After looking at some other services that were selling e-commerce payment plugins, we realized that this market was a good fit for our product which already had backend ability to serve blockchain queries” says Shiva about the initial challenges of the startup.

    Cryptocurrency is readily redefining the future of finance sector in India
    Cryptocurrency is a thriving ecosystem, encroaching on conventional territoryand is redefining the Finance sector. Over the last few years, Bitcoin users andtransactions have averaged a growth rate of nearly 60% annually. Similarly inprivate and public investors have deepened the commitment to cr…

    Blockonomics—Work Culture

    Blockonomics’ work culture has always been completely remote (even before covid).

    When Shiva started to recruit remote work, he had two simple rules:

    • Hire from anywhere in the world
    • Don’t look at resumes

    The company never had an office and the team has never been restricted to geographical boundaries. Also, the team avoids holding unnecessary meetings and has only one meeting per week. All work is done asynchronously using tools like Slack, Trello, Github. This gives employees more flexibility and there is no assigned office time (you don’t need to be online 9-5).  This also means all team members are independent / self-driven and there is a trust that no one needs monitoring/ management.

    Blockonomics Team at Prague WordPress Conference 2018

    Cryptocurrency and Blockchain: How can it change India?
    The world is evolving at an expeditious speed, so is the world of money[https://startuptalky.com/tag/money/]and business[https://startuptalky.com/tag/business/]. The up to the minute development ismoney in the form of cryptocurrency[https://startuptalky.com/tag/cryptocurrency/]. A cryptocurrency…

    Blockonomics—Revenue Model

    For the Address Watcher Users, Blockonomics charges a flat subscription fee. The subscription fee ranges from 0- 20 USD per month based on address limits and API features. While, for merchants, the company offers the first 10 payments free and thereafter charges a 1% fee on payments.

    Blockonomics—Challenges

    Building a viable business has been the major challenge for the Blockonomics team. Shiva was from a tech background and he did not have any entrepreneurial experience. It took him quite some time to become able to handle a business. Initially, Blockonomics had very few users and earned almost zero revenue. The team had to dig through business knowledge from podcasts/books and learn on the road.

    Blockonomics—Growth

    Despite all the struggle, Blockonomics has today established itself as a sustainable and profitable company that is making a difference. Some major growth parameter achieved by Blockonomics are-

    • Active WordPress installs – 3000+
    • Total merchant store installs – 10,000+
    • Blockonomics is monitoring 300,000+ addresses
    • 140,000 payments have been processed through Blockonomics payment plugin/payment button/URL
    • 6,500 P2P invoices have been created through the platform.

    While there are many who are still confused and unsure about Bitcoins, startups like Blockonomics are doing a good job in making more and more people confident about using Bitcoins by making Bitcoin transactions easy.

    How to Invest in Bitcoin in India – A Beginners Guide
    Bitcoin is a digital coin and it is considered as one of the best investmentinstruments by the Millennials. Bitcoin is a virtual currency that depends onblockchain technology. It is used to make purchases but mostly it is consideredan investment option. Bitcoin has provided an amazing return ov…

    Blockonomics—FAQ’s

    What is Blockonomics?

    Blockonomics is a decentralized Bitcoin payment solution that provides you with specialized transactional tools to enhance your BTC use. A bitcoin payment gateway that is decentralized and permission-less.

    Is Blockonomics safe?

    Blockonomics is built on a P2P connection, making it safe and secure as it does not save your private keys. Users also prefer Blockonomics to other payment processing platforms due to its permission-less, peer-to-peer structure.

    How do I pay my bitcoin wallet?

    If an online merchant has the option of Bitcoin payments, you just need to copy their Bitcoin address and paste it into a designated field on your wallet. Type in the right amount of bitcoins into the payment box and click ‘send’.

    How can I check my Bitcoin balance?

    You can use Blockchain.info. Just paste the address you want to check into the Search input box and the website will show you all the transactions where that address was involved, as well as the balance.

    Who gets the money when you buy Bitcoin?

    A buyer and seller agree on a price and a trade is executed over an exchange. So our $50k investor buys that amount of bitcoins and the seller receives the $50k in the form of a cash deposit. That seller may now keep it in the bank, buy other cryptos or withdraw it and spend it in any way they choose.

    Can Bitcoin be converted to cash?

    There are several ways to convert bitcoin to cash and ultimately move it to a bank account: Sell bitcoin on a cryptocurrency exchange, such as Coinbase or Kraken. This is the easiest method if you want to sell bitcoin and withdraw the resulting cash directly to a bank account.

    Blockonomics—Conclusion

    Blockonomics is a platform that is a decentralized Bitcoin payment solution. Blockonomics provides you with specialized transactional tools to enhance your BTC use. It is a decentralized and permission-less bitcoin payment solution. Its services enhance the wallets you already own. Their aim is to accept bitcoin directly without any mediator and present an invoice anonymously. They are huge fans of decentralization and cryptography.