Coinbase vs Blockchain.Info Review – What Is The Difference? – Bitcoin Wallets

Coinbase vs Blockchain.Info Comparison Chart
Coinbase vs Blockchain.Info Comparison Chart

Millions of people around the world have heard and are curious about Bitcoin. Many are already using the digital currency and many more are planning to start using it in the near future. But the question everybody asks is:

What Bitcoin wallet should I use?

There are several solutions in the market, but currently there are two leading the way with value added services on top of the base Bitcoin protocol.

These two services are Coinbase currently serving 329,000 wallet users and Blockchain.Info which just in the last few days surpassed 500,000 wallet users.

Coinbase:

Coinbase >>>
Coinbase >>>

Coinbase is a private company based in San Francisco, California, that provides web and mobile Bitcoin services. Their mission is to provide Bitcoin value added products for consumers and merchants. Coinbase is recognized as “the PayPal” of the Bitcoin Network.

Blockchain.Info:

Blockchain.Info >>>
Blockchain.Info >>>

Blockchain.Info is also a private company, but based in York, United Kingdom. The company provides full Bitcoin market and block chain exploring information and wallet services. It is recognized as one of the first information and wallet services in the Bitcoin network and very well respected in the community.

How do they compare?

As shown in the comparison chart above there are several things to take into account when deciding what solution to use. It all boils down to your personal needs and your security preferences. These are the descriptions for each feature:

Send and Receive: The first thing you do when you get a Bitcoin wallet is to acquire your first bitcoins by selling products and services or by buying them. After that you need to be able to transfer them to pay for things or sell them. For this the features of Send and Receive are needed and the two solutions mentioned above provide this. They also have the Address Book functionality that lets you store names and Bitcoin addresses so it’s easier to manage your transfers.

Buy and Sell: If you need to buy and sell bitcoins as an investment or for payment purposes you can use Bitcoin exchanges. For this you need to transfer back and forth bitcoins to and from your exchange accounts. In the case of Coinbase it has this service integrated into its wallet and merchant products. On Coinbase you can easily buy and sell bitcoins directly from your account without having to move them elsewhere. Blockchain doesn’t offer this service, but they do provide links to their partner exchanges.

Link Bank Account: When you link your US dollar bank account with your Bitcoin account you can easily move money between them. Coinbase provides this feature. In the case of the Blockchain Wallet you need to handle the dollar transfers and payments separately from your bitcoin movements.

Pay by Email: PayPal pioneered the ability to send and receive money using your email account. Coinbase is emulating this by providing the same functionality but with your Bitcoin account. By entering an email address you can send Bitcoins to anyone and anyone can send Bitcoins to you using your email address. On the Blockchain Wallet you need to use the 30 character Bitcoin address instead.

Merchant Services: If you use the Blockchain Wallet you can get paid when you sell products and services by providing your Bitcoin address. This is a 30 character code that anyone can use to transfer the digital currency to your account. In the case of Coinbase they have taken this further by providing “Buy”, “Subscribe”, and “Donate” buttons that are linked to your account. These buttons can be installed in your website so your clients can pay just like they would by clicking your PayPal or other payment buttons.

Web: Both services have web based services. This means you can open your Bitcoin wallet and fully manage it and use all their services on their website.

Mobile: Both Coinbase and Blockchain have full service mobile apps that work on Android and iPhone and synchronize with their web services.

Wallet Backup: Only Blockchain lets you download, store on your DropBox or Google Drive, send by email, or print on paper your Bitcoin wallet private and public keys. In the case of Coinbase they host your keys in their servers.

Block Chain Explorer: This is the reason Blockchain.Info gave itself this name. They provide a full view of all the transactions and analytic data of what is happening in the Bitcoin network.

You Control Private Key: To be able to transfer bitcoins in the network you need your public Bitcoin address and your private key which is secret. On Blockchain.Info they generate and keep an encrypted copy of your keys on their servers, but as mentioned above, you also have full access to download or back them up therefore you have control of your keys.

They Control Private Key: In the case of Coinbase they control your private keys. This is because it is the only way they can serve as a gateway to the Bitcoin ecosystem and provide their value added services. It is more or less like a bank account: When you have dollar bills in your wallet you have full control of your money, but when you deposit them in the bank they have control of your money.

Security formats:

Since storing and holding Bitcoins in the network is done through 2 security keys, one public and one private for each wallet, then the question of who holds the keys becomes the main safety issue.

Blockchain.Info: They generate this pair of keys when you open your wallet, but they keep the “custody” of the keys. The advantage they provide though is that you can download, export, or print your keys if you wish to back them up in an external place outside of their servers. This provides an additional level of security because if the company disappears you still have access to your Bitcoins by having your public and private keys. You just need to download or go to another wallet service and import your existing keys there to access your money again.

Coinbase: As mentioned before, because they provide additional services for users and merchants, on Coinbase your wallet is as secure as the company and its technology are. Because users interact with Coinbase and thus indirectly with the network, they need to entrust their security keys to the company just like they would their money with PayPal or with a bank. Because Coinbase is compliant with federal and state regulations and counts with the support of important investors it is considered to be a safe Bitcoin service provider.

Conclusion:

For a simple and full service experience Coinbase offers the best alternative. If you want to easily open a Bitcoin account, use it on the web and on your mobile device, and maybe even sell your products and get paid in Bitcoins then the Coinbase Wallet is the best way to start.

For more advanced users who wish more control and flexibility then Blockchain.Info is the best option. Although it doesn’t offer merchant or trading services, its open model permits the Blockchain Wallet to easily interact with third party providers like Bitcoin exchanges and other services.

Michael Goldstein Explains How The Bitcoin Block Chain Enables Smart Property

In our previous video Michael Goldstein explained how the Bitcoin network can be used for more functions on top of the currency transfers. This functionality is called smart contracts and it consists of adding to each Bitcoin transaction some code script to “condition” transfers to external events happening as a requisite to the transfer.

For example “time locking” can be used to determine a future moment in time to execute the transfer, 3 signatures can be established to have third parties verify transactions, or assurance contracts can be determined to enable funding for special projects.

In this interview Michael explains another functionality that can be integrated to Bitcoin transactions: Smart Property.

He talked about:

– How the block chain, ledger, mining, proof-of-work, and network consensus work.
– What is smart property.
– Real life examples.
– Public and private key management.
– How property can be registered, transferred, and used on the block chain.

Please watch the video below:

Bitcoin Economist Peter Surda About Inelastic Supply, Deflation, And Bitcoin Forks

Bitcoin Economist Peter Surda
Bitcoin Economist Peter Surda

Since Bitcoin is a technology that enables a new type of currency never seen before (a digital currency that behaves like a commodity currency) traditional economic schools, even Austrian, don’t really have yet the theoretical framework to explain it.

This is why the contributions and research around Bitcoin of Peter Surda, arguably the first Bitcoin economist, are a must to understand the digital currency and its prospects for the future.

In this interview Peter talked about some of his findings, research, and opinions about Bitcoin.

We spoke about these topics:

– Is Bitcoin an alternative to traditional fiat money and gold?
– The inelastic supply of Bitcoin, is deflation a problem for Bitcoin adoption?
– Is a lending market with a free fractional reserve system possible?
– If identical forks can be created, like Litecoin, does this mean the supply is maybe unlimited?

Please watch the video below:

BitPay Processed A $1,000,000 Bitcoin Payment Transaction- Interview With Founder Tony Gallippi

Tony Gallippi, founder and CEO of BitPay
Tony Gallippi, founder and CEO of BitPay

Bitcoin is not only a currency and a payments network that is changing the way we manage our money, but also a passion for many of us who follow what’s happening in the space.

It was amazing to read the news today that BitPay, a leading Bitcoin payments service provider (PSP), processed a $1,000,000 transaction for its client, Kansas City-based Bitcoin mining hardware manufacturer, Butterfly Labs.

Tony Gallippi, founder and CEO of BitPay, was kind enough to sit for a G+ Hangout interview to discuss the historic transaction and to explain what is BitPay and how it works.

We spoke about:

– BitPay proccessed a historic $1,000,000 Bitcoin transaction!
– What is BitPay?
– A global service? Can merchants connect their bank accounts?
– Why is Bitcoin a better payment medium?
– Why is BitPay good for international and large transactions too?
– What are the fees for merchants?

Please watch the video below:

Coinkite Review – Rodolfo Novak’s Crypto-Bank Supports Bitcoin, Litecoin, And More

Rodolfo Novak, co-founder of Coinkite
Rodolfo Novak, co-founder of Coinkite

With the latest startups the digital currency revolution is entering the “services phase” where the basic functionality of “send and receive” or “buy and sell” are being integrated into more sophisticated (and useful) products.

Coinkite is an example of this new chapter. As Rodolfo Novak, co-founder and CEO, describes it Coinkite is a new kind of provider, it’s a crypto-bank.

But it’s not the traditional kind of bank you would imagine. In this interview Rodolfo explains several aspects of the service they are presently rolling out and what to expect for the future.

[Please open your wallet on Coinkite using this link for a special promotion for Newfination users! https://coinkite.com/promo/interview-newfin]

We spoke about:

– The Coinkite digital currency wallet (web and mobile).
– Supports Bitcoin and Litecoin accounts and will support all relevant digital currencies in the future.
– Multi-digital currency savings accounts.
– Multi-digital currency debit cards.
– Payment machines for stores (POS hardware).
– Online payments.

Please watch the video below:

BIPS Bitcoin Wallet And Merchant Services Review – Kris Henriksen Talks About Bitcoin Payments In Europe

Kris Henriksen, founder and CEO of BIPS
Kris Henriksen, founder and CEO of BIPS

BIPS has integrated regular currencies (fiat money) with digital currencies in Europe. Their Bitcoin internet payments solutions really works globally, as the digital currency is, but the ability to move money to and from regular bank account is restricted, for now, to the region.

In this interview Kris Henriksen, founder and CEO of BIPS, talks about their current services and his prospects for the near future.

We talked about:

– The BIPS Bitcoin wallet.
– Bitcoin payment processing services for merchants.
– Connection to Euro and Sterling bank accounts.
– BIPS as a currency exchange service built in the wallet.
– Email and SMS send and receive functionality.

Please watch the video below:

Michael Goldstein Talks About Smart Contracts On The Bitcoin Network

Satoshi Nakamoto, the creator of the Bitcoin protocol, and other early Bitcoin developers, contemplated the possibility that if their crypto-currency invention took off maybe, just maybe, it could also be used for more complex transactions rather than just the instant transfer of value from one place of the earth to the other at no cost and with no friction.

What if “conditions” could also be added to each transaction on top of the basic bilateral Bitcoin transfers?

Now that Bitcoin is actually taking off many community members are already planning new integrations within the platform following these original and visionary ideas.

All of this is possible because the basic Bitcoin program has spaces where new code scripts can be added so that more functionality can be created to enable these new formats.

In this video Michael Goldstein of Bitstein Consulting explains what new features can be added and what types of “smart contracts” may be enabled thanks to these new features.

We spoke about:

– How encryption is related to security and thus freedom.
– Bilateral money transfer with no need of banks or government.
– Bitcoin (like gold) as sound money.
– Smart contracts:
> Instructions can be added in Bitcoin individual transactions.
> “If then” conditionals can be used to transfer Bitcoin when certain criteria is met.
> 3rd party signatures may be added for the resolution of conflict in contracts.
> Assurance type transactions can be intiated to complete projects like on Kickstarter.

Please watch the video below:

In our next video with Michael we will talk about “smart property” in the Bitcoin network.

This is recommended reading by Michael regarding smart contracts:

– Smart contracts on the Bitcoin Wiki: https://en.bitcoin.it/wiki/Contracts
– Nick Sabo papers about smart contracts: http://szabo.best.vwh.net/smart_contracts_idea.html
– Mike Hearn video of London talk about the future of Bitcoin smart contracts:

Jesse Powell Talks About The Kraken Digital Currency Exchange – Money2020

Kraken is a foreign currency exchange that let’s individual traders and institutions in the US and abroad trade fiat currencies like the US Dollar and the Euro against digital currencies like Bitcoin, Litecoin, Ripple, and Ven.

Trading a “pair” means that you can trade Bitcoins (Symbol: XBT) for Dollars (Symbol: USD) and so on.

On Kraken you can currently trade 13 pairs:

XBT/USD (Bitcoins against Dollars)
XBT/EUR (Bitcoins against Euros)
XBT/XRP (Bitcoins against Ripples)
XBT/LTC (Bitcoins against Litecoins)
XBT/XVN (Bitcoins against Vens)
USD/XRP (Dollars against Ripples)
EUR/XRP (Euros against Ripples)
USD/XVN (Dollars against Vens)
EUR/XVN (Euros against Vens)
LTC/USD (Litecoins against Dollars)
LTC/EUR (Litecoins against Euros)
LTC/XRP (Litecoins against Ripples)
LTC/XVN (Litecoins against Vens)

In this video Jesse Powell, founder and CEO of Kraken, gives some details about the service:

SnapSwap Connects Your Bank Account With Your Ripple Wallet – Denis Kiselev

SnapSwap - Denis Kiselev >>>
SnapSwap – Denis Kiselev >>>

In the last few days I have been writing about and doing interviews with the digital currency community. On one of my articles, “Ripple Wallet Review – Try The Ripple Multi-Currency Network And Buy Some XRP“, I wrote about the XRP wallet and how SnapSwap provides a bridge to the US banking system.

In this interview I talk to Denis Kiselev, founder and CEO of SnapSwap Inc., who was kind enough to give some more details about the service and its future:

Ripple Wallet Review – Try The Ripple Multi-Currency Network And Buy Some XRP

As you can see I own 2500 ripples >>>
<<< As you can see I own 2500 ripples currently worth $10!

The Ripple Network is still in its early stages. It is in “beta” which means they are discovering and fixing bugs and adjusting the user experience. Nevertheless it is worth exploring and getting a Ripple Wallet to buy some XRP and move money around the world for free.

The Ripple Wallet has been around for some time. Last June I got the invitation to open one and OpenCoin Inc., the creators of The Ripple Network, gave me 1000 ripples as part of their global distribution program of the XRP digital currency.

The Ripple Network is a global open payments system that supports any currency including bitcoin. It also has its own native currency (the ripple or XRP) to facilitate money transfers within the system. To learn more about The Ripple Network please read my review or watch my interview with Patrick Griffin, head of business development at OpenCoin Inc..

Last week OpenCoin Inc. contacted Ripple Wallet users again to distribute more XRP, but in this case I had to join a new “gateway” service called SnapSwap.us to get my 1500 new XRP.

This was great because SnapSwap is the first US Ripple gateway. This means now I can move money from my US dollar bank account to my Ripple Wallet, back and forth, through SnapSwap. Before this, my Ripple Wallet was somewhat isolated. The way of “loading” some money was by receiving XRP from an OpenCoin giveaway. The other alternative was buying them from someone else, sending the dollars through other means, so they would send the XRP to my wallet.

Now that my wallet is linked to the US bank system through SnapSwap, I can do much more with it.

Features:

Before anything let me tell you that bitcoins, ripples, and other digital currencies have been very volatile. If you use them there is still a significant risk you may lose substantial amounts of money. Having said this I don’t mind using my XRP 2500 which amounts to around $10 and maybe I will upload $100 more to buy things and see how it works.

Registration and security:

Register - be careful with your pass phrase and secret key!
Register – be careful with your pass phrase and secret key!

To get the wallet you need to go to https://ripple.com/client/#/register to register. You need to select a name for you wallet and then create a pass phrase (password). Be careful here because they make it clear that if you lose your pass phrase the only way of recovering your wallet is by using your secret key. The secret key is obtained after opening the wallet. They let you see the pass phrase you selected and your secret key. You need to back them up in a file or secure place in your laptop. If you lose your secret key and your pass phrase you will lose your wallet and the money you had there. It’s like a real wallet in your pocket!

Activation: Once you open your wallet it is not yet operational. It needs to be activated by depositing a minimum of 75 XRP or by connecting it to the SnapSwap gateway. OpenCoin might give away new XRP and offer promotions in the future, but that is not guaranteed. You can also buy XRP from someone that transfers them to your wallet.

Ripple account address: When you created your wallet not only your secret key was created, but also your public key. This is the one you give others so they can send you money. This key can be found on the “receive” page (see below under “Receive”).

SnapSwap connection:

My $ bank account >>> My SnapSwap >>> My Ripple Wallet >>> My SnapSwap >>> My bank $ account.

SnapSwap - Ripple Gateway >>>
SnapSwap – Ripple Gateway >>>

Like I said before SnapSwap is a gateway. This means you can connect your real bank account to your SnapSwap profile and your Ripple account public key. Once you do this you will be able to send dollars to your Ripple Wallet and vice versa.

Send money: To send money you need the Ripple account address of your counterparty. You enter their address on the “Send” page, select which currency you want to transfer, the amount, and press “send”.

Ripple - send $10 >>>
Ripple – send $10 >>>

The system is brilliant because regardless of what currencies you hold, you can send any other currency. The Ripple Network will automatically find a seller of the other currency and exchange it at the best price. The receiver will see the other currency deposited in his account automatically in a matter of seconds.

Receive: Like I said above, to receive XRP or any other currency the sender needs your public account address. For this you need to go to the “Receive” page and copy it or to use the QR code of your account.

Ripple - receive >>>
Ripple – receive >>>

See your secret key: In the security tab is where you can find your key. These are controled by you and not by Ripple.com or OpenCoin. If you lose them you will not recover your wallet or your money. To back them up you can select “Show my keys” in this section to see them and copy them.

Ripple - show my keys >>>
Ripple – show my keys >>>

Send bitcoins to bitcoin addresses! On July 2nd Ripple.com announced the Bitcoin Bridge. This means that anybody with a ripple wallet can now send bitcoins to any bitcoin wallet. Like with other types of transfers on Ripple you can originate the transaction in any currency, it will be exchanged into bitcoin at the best rate, and it will be delivered to the bitcoin address you indicated.

Ripple - send - receive - Bitcoin Wallets >>>
Ripple – send – receive – Bitcoin Wallets >>>

Conclusion:

The Ripple Network will likely change the way money is handled in the world. By opening a Ripple Wallet everybody gets access to the global currency market including digital currencies like bitcoin.

It works like email, but with money instead of messages. You can send and receive any currency like yens, pounds, rubles, bitcoins or dollars. To and from anyone in the world, direct, for free, and instantly. In one wallet you can hold all currencies, buy and sell them, and pay anything.

Even if it is in its early stages I recommend opening a Ripple Wallet for exploration purposes. You can send a few dollars through SnapSwap, buy some XRP, and even send bitcoins to your bitcoin address. It’s the Gmail of money.

Check out the Ripple >>>

The Ripple Network Review – What Is Ripple?

Ripple.com >>>
Ripple.com >>>

The Ripple Network is a global open payments system that works with all currencies. It also contains its own embedded digital currency called ripple identified with the foreign exchange symbol XRP.

Everybody in the world, from individuals, businesses, financial institutions, to central banks, and governments, can connect to the network to send, receive, buy, and sell any currency . You can learn more about the network by going to Ripple.com.

OpenCoin Inc. is a San Francisco based start-up founded by some of the original members of the bitcoin community. Under the same principles of openness and decentralization of bitcoin they decided to build The Ripple Network as an open source software. The company is a private entity that has three functions in the network; to continue development of the source code, to promote the adoption of the network, and to distribute evenly the original ripple currency around the world.

The ripple digital currency (XRP) was issued from the start and there are XRP 100 billion. Of this the company is in the process of distributing 80% so it is in the public domain for normal transactional use. 20% is staying in their possession as compensation and to finance the company’s future growth.

The main distinction between bitcoin and ripple is that bitcoin is a digital currency supported by a network so it can be transacted and stored between participants. In the case of ripple, it is a network that supports all currencies, including bitcoin, that cointains a digital currency to facilitate its operation.

The Ripple Network’s 3 functions:

It is a global payments system: As a multi-currency network it enables the instant transfer of all currencies from anywhere to anywhere for virtually no cost. Individuals, merchants, banks, and any entity connected to ripple can send and receive money from and to anybody directly with no intermediation.

It is a currency exchange: Since the network supports all currencies it has a currency exchange mechanism to enable multi-currency transfers. Among the participants on the exchange there are currency traders and banks that place bids and offers to buy and sell currencies. When a transfer is initiated in one currency to be delivered in another one, the system automatically executes the exchange at the best rate in the network.

It contains a digital currency: To facilitate the flow of money in the system it contains a native currency, XRP, that can be used to transfer money in different denominations within the network. Also, like any other currency, it is a value reserve, a unit of account, and a medium of exchange.

Ripple Live Network Graph >>>
Ripple Live Network Graph >>>

Who is it for?

Individuals: On ripple consumers can have their digital wallets. The wallets support all currencies. Individuals can use their wallets to trade currencies or buy them as an investment. Anyone with a wallet can buy goods and services from merchants enrolled in the system.

Merchants: Since consumers can use their ripple wallets to pay for things, merchants can use the network to sell globally and have the ability to get paid in any currency.

Financial institutions: Ripple can be used by banks as their “back end” technology to move money around the world at virtually no cost. Banks and other entities can also use it to place bids and offers to trade currencies.

And how can I use it?

The whole network is still in “beta” which means it is still being adjusted for bugs and user experience. It will eventually host many services like wallets, payments, trading, lending, money management, etc.

OpenCoin created the Ripple.com website to inform the public and developers about the network, to distribute the XRP currency, and to provide the basic version of the Ripple Wallet.

Newfination's Ripple wallet >>>
Newfination’s Ripple wallet >>>

The Ripple Wallet is like a web based email service, but with the functionality of keeping track of balances and sending and receiving all currencies. This includes the ability to buy and store XRP.

To get a Ripple Wallet you need to go here: https://ripple.com/client/#/register.

It is important to note that for security reasons only users control their passwords and secret keys to manage their wallets and the money in it. If you open a wallet, buy currencies, and then lose your pass phrase and secret key you WILL NOT be able to recover them and WILL LOSE your money.

This last issue is not intrinsic to the network, as new companies enter the scene offering new services, password recovery and secret key management will get much easier and more like regular banking services.

Virtually free or free?

To move money in the network is free in the sense that nobody, even OpenCoin, charges anything to transfer money around the world. But there is a minimal cost to protect the network from denial-of-service attacks (DDoS) which have plagued the bitcoin network since the beginning.

This cost is 100.000th of a ripple every time there is a transfer. This means that when there is a transaction XRP 0.00001 is charged to that transaction to prevent these attacks. But don’t worry, it will take thousands of years for ripples to disappear with this mechanism!

Disclaimer: the explanation and opinions expressed here are mine and do not represent the opinions of OpenCoin, Patrick Griffin, or any member of the Ripple community. My mission is to inform the public about new-finance services and technologies and I find The Ripple Network worth of exploration and adoption especially for savvy users. I hold a Ripple Wallet with 2500 XRP shown above. My holdings are roughly worth $10.50 at current market prices

The Argentine Bitcoin Foundation Is Promoting The Digital Currency In Latin America

Fundación Bitcoin Argentina >>>
Fundación Bitcoin Argentina >>>

In a tough political and monetary environment the Argentine tech community and entrepreneurs are not falling behind in the adoption and general advancement of Bitcoin. In fact the Fundación Bitcoin Argentina is gathering more participants in their bi-weekly meetup than the Bitcoin meetups in Silicon Valley!

In this interview Diego Gutiérrez Zaldivar and Rodolfo Andragnes, members of the foundation’s leadership team, talk about the digital currency in Argentina and their surrounding nations:

Peter Vessenes Talks About CoinLab

Peter Vessenes has a math and cryptography background so Bitcoin and how it works was a natural fit for his interests. He is the founder of CoinLab and his mission is to make Bitcoin accessible to individuals and corporations.

CoinLab provides several infrastructure services for the Bitcoin network and one of those is a storage service that is targeted, for now, to high net worth individuals.

In this interview Peter talks about CoinLab’s services and his vision for the Bitcoin network:

Visit CoinLab here >>>

Coinlab   home

eToro’s Mati Greenspan Talks About Gold And The Yen [Video Interview]

On the eToro platform you can open an account, participate in their Social Trading Network, and follow and “copy” other traders.

Mati Greenspan is the Senior Financial Consultant at the company and in this video he talks about Gold’s lates movements (downwards!) the US, Japan, and where the Yen is going, and, of course, we talk about Bitcoin in a world where currencies are manipulated for political reasons:

Check out eToro and its Social Trading Network here >>>

This is Mati Greenspan’s profile on eToro >>>

eToro - gold screen >>>
eToro – gold screen >>>

eToro’s Mati Greenspan And Stefan Thomas, Founder Of WeUseCoins, Talk About Bitcoin Volatility And Security

Given the market volatility and “technology volatility” when it came to trading Bitcoin I decided to talk to Mati Greenspan, Senior Financial Consultant at eToro, and Stefan Thomas, Founder of WeUseCoins, to give their respective trading and technological perspectives.

It is important to clarify that the Bitcoin is the unit that is used as a currency and this is a separate entity to the exchanges where it trades. It is the same difference between a stock and the stock market. The exchanges are central marketplaces, like eBay, that aggregate traders and investors, and their technology is separated to that of the Bitcoin network itself.

In this interview Mati talks about market volatility, Stefan explains what happened in the last few days in terms of technology, and some issues are clarified:

From Tokio Gonzague Gay-Bouchery Explains How MT.GOX Bitcoin Exchange Works [Video Interview]

The Bitcoin exchange MT.GOX handles more than 80% of global daily Bitcoin trading. In all of 2012 they opened 10.000 accounts, but since the beginning of 2013 there have been 75.000 new accounts opened.

At the same time daily trading volume (the amount of Bitcoins actually traded in a single day) has gone up from a few thousand Bitcoins to more than 220 thousand (and growing exponentially).

In this video, Gonzague Gay-Bouchery, MT.GOX Marketing Director and Corporate Communications Manager, explains how the exchange works:

To open an account at MT.GOX go here >>>

Mt.Gox - Bitcoin Exchange >>>
Mt.Gox – Bitcoin Exchange >>>

Stefan Thomas Of WeUseCoins.com Talks About Bitcoin [Video Interview]

Stefan is a strong supporter of the Bitcoin ecosystem and for that, along with other Bitcoin community members, he created WeUseCoins.com which is a website that explains and educates about the digital currency.

On WeUseCoins is where I saw the best video I have found up to now that explains the concept of the currency and how it is used.

In this interview Stefan talks about his background and explains how Bitcoins are created and how this decentralized system works:

Check out WeUseCoins here >>>

This is the WeUseCoins Bitcoin Video:

WeUseCoins >>>
WeUseCoins >>>

eToro Will Adopt The Bitcoin: Mati Greenspan Talks About Cyprus And The Bitcoin [Video Interview]

Mati Greenspan is senior investment consultant at eToro and he kindly took the time to talk to us about the Cyprus crisis. Also, he explained the Bitcoin, its popularity, and that it will be used on the eToro platform.

Being eToro a global platform and that it was started in Cyrpus Yoni Assia, eToro’s Founder and CEO also wrote a blog post explaining how eToro’s acounts are totally protected on the company’s platform. Please read the post here: http://www.etoro.com/blog/etoro-voice/17032013/your-money-in-etoro-is-safe-our-view-on-the-cyprus-bailout/.

Please watch our conversation here:

To start trading global currencies with eToro go here >>>

eToro >>>
eToro >>>

Ryan Schaffer, Expensify’s Marketing Manager, Explains Their New Bitcoin Feature [Video Interview]

After Expensify announced yesterday their adoption of Bitcoin as a currency to submit expense reports and get reimbursements within their app, the value of the digital currency went up from $78 to $94.

This is not surprising as Expensify is the first big business to adopt the currency for the mainstream market. Before Bitcoin was mainly used within the hi-tech world.

This is Expensify’s blogpost >>>

Expensify is a compnay focused in delighting their customers with great service and in line with their philosophy “Expense reports that don’t suck” the inclusion of Bitcoin is another step in that direction.

In this video Ryan Schaffer explains the basics of what is Bitcoin and how it can be used with the Expensify expense report solution:

Start creating and managing your expense reports with Expensify >>>

Expensify >>>
Expensify >>>