Month: March 2025

The online cryptocurrency exchange Bintense provides a comprehensive cryptocurrency exchange service for its clients. The Bintense team closely monitors the changing trends in the cryptocurrency market to offer a balanced overview of cryptocurrencies to consider in 2024.

1. Ethereum – the leading choice

Ethereum continues to play an important role in the cryptocurrency landscape. With a market capitalisation of $197 billion, Ethereum is one of the largest cryptocurrencies. Its closest competitor, Tether, lags behind with a market capitalisation of around $83 billion.

The versatile Ethereum platform is at the heart of innovative blockchain projects including decentralised finance (DeFi), non-monetary tokens (NFT), decentralised autonomous organisations (DAOs) and prediction markets. Recent updates, such as EIP-1559 and the move to a Proof-of-Stake consensus mechanism, have further increased its appeal. These changes introduced a mechanism for burning ETH, reducing emissions and increasing its attractiveness as a long-term asset.

2. Bitcoin – digital gold

“Bitcoin remains a major player in the cryptocurrency market. It is an asset for long-term investment, often referred to as “digital gold”. Bitcoin has several distinctive characteristics:

• High liquidity.
• Universal exchange into various cryptocurrencies.
• Recognition as official means of payment in selected countries.
• Large market capitalisation.
• Resistance to inflation due to limited supply.

While bitcoins can be mined, it requires expensive equipment and additional costs. For many, it is more practical to buy fractions of bitcoins, known as satoshis.

3. Avalanche – Innovation Centre

“Avalanche, based on the AVAX token, is an ecosystem that drives innovation. It supports a range of features including launching DeFi projects, building enterprise blockchain networks and facilitating the trading of digital assets. The ecosystem uses subnets and modules to speed up data processing and offer near-instantaneous transactions.

The native AVAX symbol has several characteristics:

• Growing market capitalisation.
• Attracting traders and institutional investors.
• Deflationary mechanisms are designed to fight inflation.
• High decentralisation, with developers owning a minimum share of all coins.
• Storing assets in an ecosystem wallet with betting options.

4. Tether (USDT) – Stablecoin solution

Tether, a stablecoin, was designed to maintain a stable value, in particular $1.t aims to address the volatility often associated with cryptocurrencies. 22 July 2023 Tether was the third largest cryptocurrency, with a market capitalisation of $83.5 billion euros and a token value of $1.00. It is considered one of the most stable digital currencies on the market.

5. “Cardano (ADA) – TNext generation blockchain

“Cardano, the third generation blockchain platform, offers innovative features. Its pilot platform, AdaSwap, allows developers to build decentralised financial applications and operates on a proof-of-stake consensus mechanism. Cardano aims to compete with Ethereum by offering scalability, efficiency and security. Strategic partnerships further increase Cardano’s adoption and usefulness, while collateralised lending allows dApps to make loans against deposited collateral.

“Bintense: your cryptocurrency exchange partner

If you are looking to buy or sell Ethereum or Bitcoin, Bintense can help. By staying informed about the most popular cryptocurrencies, you can gain valuable insights when exploring cryptocurrency market opportunities. Follow Bintense news and stay informed about the changing cryptocurrency landscape.

About Bintense

“Bintense is a cryptocurrency exchange that seems to be very focused on simplicity and security, promising convenient services to everyone who signs up for an account, regardless of how much money they want to exchange. The brand caters to both private and corporate clients, aligning itself with the latest standards in virtual asset exchange.

The company is headquartered in Vilnius, Lithuania, and is authorised by the regulator to provide cryptocurrency exchange services. Working with Bintense is proving to be a great advantage for the end user, so we discuss some of its best exchange terms below.

Alt-text: bintense cryptocurrency exchange
Source: https://bintense.io/

Private and/or business customers

It is important to note that anyone can buy bitcoins online at Bintense (unless they are a citizen of one of the sanctioned countries, reside in that country, or do not pass other mandatory compliance checks), and the separation of types of customers (private and corporate) is necessary to comply with regulatory requirements. As you can see in the figure below, there is a list of documents that private clients need to submit in order to pass the KYC process.

This list is changed on the business customer page. In this way, Bintense is able to meet all the needs of different entities while fulfilling its obligations as a regulated exchange. Whatever type of customer you are, the company promises secure financing options, no hidden fees and professional support.

SAFETY

Nowadays, a cryptocurrency exchange transaction must always be carried out securely, given that many exchanges have encountered problems over the last few years. However, this is not the case for Bintense, as this brand does not even hold cryptocurrencies for its customers in the first place.

In addition, the cutting-edge technology used to protect your transactions further increases the security of the process, meaning you can deposit fiat, exchange to cryptocurrencies and receive coins in your personal wallet without any hassle.

“The platform developed by Bintense is controlled via a browser and is accessed using unique login credentials set up at the time of opening an exchange account. You can keep all transactions private and protect all data by simply choosing a strong password.

Support

In addition to the well-known email and telephone customer service, another advantage of working with Bintense is the face-to-face conversation. There’s an agent on duty on weekdays to answer all your questions.

“Bintense is also active on several social media platforms and has a blog where it regularly posts content relevant to cryptocurrency enthusiasts on various topics. In general, anyone who signs up for an account receives adequate support, regardless of whether they have worked with cryptocurrency exchanges before.

Conclusion

“Bintense ticks all the boxes and is definitely one of the most attractive regulated exchanges to consider these days. Support for the best coins, strong security, transparency and no hidden fees are just some of the reasons why many users are already exchanging cryptocurrencies with Bintense.

The company has developed a system that helps both private and business customers get started quickly. All the information is available on their website, so you may want to take a closer look if the exchange conditions highlighted here seem attractive.

This article and its contents have been prepared and distributed to persons outside the United Kingdom. The information provided is not intended for, and is not intended for distribution to, or use by any person or entity in the United Kingdom. The financial products and services referred to in this article are not appropriate in the United Kingdom. Cryptocurrency assets are categorised in the UK as restricted mass investments, which means that they are high risk investments that are unsuitable for most retail investors.

In the fast-changing world of cryptocurrencies, it is essential to ensure a safe and secure user environment. Bintense, an advanced online cryptocurrency exchange in Australia, sheds light on the importance of “Know Your Customer” procedures in the digital asset space.

Understanding KYC: The cornerstone of stability in financial transactions

“Know Your Customer” is a key process implemented by Bintense to verify the identity of users and set an important standard for financial transactions. In essence, KYC is a rigorous protocol designed to authenticate the individuals carrying out financial transactions. It involves the provision of specific identity documents, proof of address and additional verification steps to establish the user’s legitimacy. KYC protects against identity theft, money laundering, financial fraud and the financing of criminal organisations. By obliging users to undergo this verification, Bintense ensures a streamlined exchange experience for all participants on its platform, thus strengthening the integrity of the online cryptocurrency exchange ecosystem.

Essential elements of a KYC package for full verification

To exchange with Bintense, all users need to provide identity documents such as ID card/passport/driving licence to facilitate the thorough KYC verification process.
Proof of address with the user’s name and address is also required. A signed Source of Funds (SOF) form with supporting documents, identity verification, additional questionnaires and a video verification call complete the full KYC package.

Submission of documents

KYC documents must be submitted to the compliance email address from the email address with which the user is registered or uploaded directly to their account. Compliance will only accept clear, colour images or scans of original documents.

KYC process

“Bintense takes great care with personal data. Using state-of-the-art technology, personal information is encrypted to preserve user privacy.

High level AML and KYC compliance checks

“Bintense underlines its commitment to the highest level of compliance and verifies the identity of its customers through anti-money laundering and KYC checks. This rigorous process ensures that every user of the platform does not put the company or, more importantly, other users at risk.

Risk management and mandatory KYC checks

KYC verification plays an important role in risk management, ensuring that individuals on the platform are not involved in identity theft, money laundering, financial fraud or the financing of criminal organisations. This mandatory step is a prerequisite for every customer wishing to participate in cryptocurrency exchanges on the Bintense platform.

Additional measures for business customers

“Bintense is taking another step for its business customers by implementing “Know Your Deal” procedures. This additional layer of monitoring improves the platform’s ability to detect and prevent suspicious activity, further strengthening security measures.

In summary, Bintense’s KYC process is a strong shield against potential threats and strengthens the integrity of the online cryptocurrency exchange. Users can buy and sell with confidence, knowing that Bintense aims to maintain a well-managed environment in the dynamic world of digital assets.

In the dynamic environment of cryptocurrency exchanges, it’s all about choosing the right platform for your needs. Bintense is a trusted online cryptocurrency exchange where technology, expertise and compliance intersect. Its commitment goes beyond transactions; it aims to provide a holistic experience for every user.

“Presented by Bintense

When you start your cryptocurrency journey, Bintense stands out for its approach. In addition to implementing cutting-edge solutions, the exchange prioritises simplifying the user experience. It’s not just about having the tools, but using them to create an environment where every user feels supported.

Guided by expertise and experience:

In an era of algorithms, Bintense places great emphasis on the human dimension. The platform is run by a team of experts with deep knowledge of cryptocurrencies. Experience is the cornerstone of Bintense. Users interact with a platform built by experienced professionals who understand the nuances of the market.

How to start exchanging with Bintense:

Starting a cryptocurrency exchange journey with Bintense is a managed and controlled process. Follow these steps to guide you through the exchange procedure:

• Register and create an account:

If you are a new Bintense user, the first step is to sign up for a free account by filling in the form and confirming your registration.

• Transmission of the check:

The verification requirements depend on the amount of the transaction. The specific verification criteria are described in the exchange conditions. A comprehensive verification may require a KYC package depending on the transaction amount.

• Link your wallet to Bintense:

“Bintense does not store any cryptocurrencies or fiat money. To transact cryptocurrencies, you must have a dedicated wallet. We recommend opening wallets on the official Bitcoin or Ethereum websites. Alternatively, you can opt for a multi-purpose e-wallet that can store different cryptocurrencies.

• Choose the cryptocurrency and the transaction amount:

Choose the cryptocurrency you want to buy or sell – Bintense exchanges Bitcoin and Ethereum. Specify the desired transaction amount.

• Wait for the transaction to be confirmed:

Please be patient while the Bintense team processes and confirms your transaction. You can monitor the status of each transaction in your account. Start your cryptocurrency exchange journey with Bintense, where every step is managed, controlled and designed to be convenient. With Bintense, you can enter the cryptocurrency space and use digital assets for your everyday needs without any restrictions.

This article and its contents have been prepared and distributed to persons outside the United Kingdom. The information provided is not intended or intended for distribution to, or use by, any person or entity within the United Kingdom. The financial products and services referred to in this article are not appropriate in the United Kingdom. Cryptocurrencies are classified in the UK as restricted mass-market investment vehicles, which means that they are high risk investments and are not suitable for most retail investors.

The emergence of cryptocurrencies such as Bitcoin and Ethereum has revolutionised finance. Their rapid growth and potential for high returns have attracted worldwide attention. However, this boom has also led to careful scrutiny, particularly with regard to their environmental impact.

The energy needs of these digital assets, in particular the mining of bitcoins, have raised important environmental issues. It should be noted that the energy consumption of bitcoin mining exceeds that of entire countries, such as Venezuela, indicating that the sustainability of cryptocurrencies is a very important issue. Critics argue that the energy consumed in mining cryptocurrencies contributes significantly to greenhouse gas emissions, raising concerns about their ecological footprint.

However, contrary to this popular belief, the cryptocurrency community also has a different view of environmental impact. Proponents argue that the high energy demand of cryptocurrency mining could encourage investment in renewable energy sources. This view suggests that the cryptocurrency industry could ultimately contribute to the development of more efficient and sustainable energy grids, turning a potential negative into a positive.

In addition, the industry is actively looking for alternative ways to reduce its environmental impact, demonstrating its commitment to sustainable development.

“At Bintense, we ensure that our customers have access to secure cryptocurrency exchange practices. Our commitment is to provide a seamless and reliable service, enabling our customers to navigate the cryptocurrency landscape with confidence and ease.

The dark environmental side of Bitcoin mining

As mentioned earlier, mining cryptocurrencies, especially Bitcoin, is energy-intensive and contributes significantly to carbon emissions.

Initially, cryptocurrency mining was a task that could be accomplished with personal computers. However, as the process has become increasingly complex, large mining farms have been created. This process, which goes hand in hand with maintaining the integrity of the blockchain, involves solving complex mathematical problems that require huge computer farms with advanced cooling systems. Cryptocurrency mining is estimated to emit around 140 million metric tonnes of CO2 each year, more than some countries emit.

Secure cryptocurrency exchange: moving towards greener cryptocurrencies

Recognising these grim challenges, the cryptocurrency world is not standing still.

The growing awareness of environmental issues in cryptocurrencies has led to significant steps towards sustainability. Efforts are being made to move from PoW to PoS, to implement green practices, to ensure transparency in energy use, to promote renewable energy sources and to upgrade mining equipment to make it more efficient. These initiatives aim to balance sustainability with the security and reliability of cryptocurrency transactions.

The most notable change is the adoption of the Proof of Stake (PoS) method. Unlike the energy-intensive Proof of Work (PoW) system used in Bitcoin mining, PoS relies on certifiers who “stake” the cryptocurrency to validate transactions, resulting in a significant reduction in energy consumption.

Ethereum’s transition from PoW to PoS, known as the “merger”, is an important milestone in the crypto industry’s journey towards sustainability. The move has significantly reduced Ethereum’s energy consumption, set an example for other cryptocurrencies and demonstrated a commitment to environmentally friendly and secure cryptocurrency exchange practices.

A strong future for cryptocurrencies

The journey of cryptocurrencies towards environmental sustainability is continuous and complex. While the challenges are many, the industry’s proactive steps towards greener practices point in a positive direction. These efforts aim not only to reduce the environmental impact, but also to increase the overall acceptance and credibility of cryptocurrencies. As this digital asset continues to evolve, its potential to make a positive contribution to the global transition towards a sustainable future remains promising.

At Bintense, we aim to provide our customers with a secure cryptocurrency exchange ecosystem. We recognise the importance of sustainability in this evolving market and are committed to supporting green practices in the digital currency space.

Today we want to share a personal story close to our hearts at Bintense – how Lithuania, our home country, became a beacon of cryptocurrency friendliness and innovation. As a cryptocurrency exchange headquartered in Vilnius, we have witnessed first-hand the transformation of this Baltic gem into a cryptocurrency paradise.

Cryptocurrency awakening in Lithuania

Until recently, Lithuania was known for its rich history, charming landscapes and warm people. Today, it has become a hub for cryptocurrency enthusiasts and businesses. But how did this small European country manage to achieve such a feat?

Lithuania’s journey into the world of cryptocurrencies started with a progressive approach to regulation. The government recognised the potential of blockchain and cryptocurrencies early on and created a favourable environment for business to flourish. The regulatory clarity offered by institutions such as the Bank of Lithuania has facilitated the establishment and operation of cryptocurrency exchanges in the country.

Benefits of operating in this country

Choosing Lithuania as our headquarters was not an accidental decision. The cryptocurrency-friendly atmosphere and the support of the regulatory authorities have allowed us to not only establish ourselves, but also to thrive. The forward-thinking mindset of the authorities was a perfect match for our vision of a secure and user-friendly cryptocurrency exchange platform.

With our headquarters in Vilnius, we have the opportunity to observe the evolution of Lithuanian cryptocurrencies first-hand. We have been part of the community, interacting with local talent and contributing to the growing ecosystem. The spirit of cooperation between companies and regulators has played a crucial role in establishing Lithuania as a destination for cryptocurrency exchanges.

Lithuania: Choosing a cryptocurrency exchange

Lithuania’s commitment to innovation has attracted cryptocurrency exchanges from around the world. The country’s cryptocurrency-friendly regulations and its strategic position in the European Union make it an ideal base for companies operating in the digital asset space.

Access to the EU market and the opportunity to operate in a transparent and regulated environment have attracted major brands to Lithuania. The country’s commitment to maintaining a robust and secure financial ecosystem has cemented its position as a preferred location for cryptocurrency-related businesses.

Regulatory clarity and innovation

One of the factors behind Lithuania’s rise in the cryptocurrency world is a clear and comprehensive regulatory framework. The Bank of Lithuania has been active in developing guidelines to ensure the safety of users and the integrity of financial systems. This clarity has not only attracted cryptocurrency exchanges, but also fostered an environment where innovation can flourish.

We have appreciated the cooperation between industry and regulators during our travels. These synergies allowed us to focus on what we do best – providing a seamless and secure cryptocurrency exchange experience for our users.

Looking to the future

Reflecting on the past and the present, it is clear that Lithuania’s cryptocurrency-friendly environment remains. The country’s commitment to embracing technology and fostering innovation has created an environment in which businesses can thrive.

So for those considering the next step in cryptocurrencies, we are proud to say this: Consider Lithuania. The heart of Europe is not just a geographical location; it is a mindset that welcomes the future with open arms. And at Bintense, there is no place we would rather be. Join us on this exciting journey into the heart of Lithuania, where innovation meets tradition and the cryptocurrency revolution is in full swing.

This article and its contents have been prepared and distributed to persons outside the United Kingdom. The information provided is not intended or intended for distribution to, or use by, any person or entity within the United Kingdom. The financial products and services referred to in this article are not appropriate in the United Kingdom. Cryptocurrencies are classified in the UK as restricted mass-market investment vehicles, which means that they are high risk investments and are not suitable for most retail investors.

In the ever-changing world of cryptocurrencies, it is essential to remain vigilant and well-informed. The internet is teeming with opportunistic individuals looking to take advantage of the unwary, and the cryptocurrency market does not escape their attention. In this article, we have compiled the most important tips and strategies to keep your cryptocurrency assets under better control and management. These guidelines will help you maintain the integrity of your funds and the confidentiality of your personal information. In addition, we will help you to distinguish genuine Bintense representatives from potential scammers.

Protect your login details

Your user ID and password are the digital keys to your Bintense account. It is therefore very important to keep them as safe as possible and away from prying eyes. We strongly recommend that you use strong passwords that are regularly updated to avoid potential threats. Be sure to activate password change notifications to provide additional protection.

Enabling two-factor authentication

Two-factor authentication is the perfect mechanism to protect your account and assets. Even if someone gains access to your username and password, they won’t get through the gate without authentication from a completely separate device. Keep 2FA enabled and ensure that devices using 2FA are isolated from each other.

Protect your device individually

The devices used to access your Bintense account and email should be under your sole control. Avoid sharing these devices with people you don’t trust implicitly, especially strangers. This also applies when granting remote access to your devices or sharing your screen in virtual meetings.

Resistance to external aid

When you manage your account or portfolio, you often see confidential information. Never allow anyone to give you advice or instruction on how to manage your account or change your assets. Be careful when registering your account and consider doing it yourself.

For handy help, you can find concise video guides on how to use your account or register a new account on our YouTube channel.

Caution with unfamiliar countries

When dealing with strangers and companies, always check their background to ensure they are reliable. Whether you are buying or selling from them, and whatever the amount of the transaction, it is always a good idea to check before you take action. Remember that cryptocurrency transactions are irreversible.

If it sounds too good to be true, it probably is

Always keep this eternal advice in mind. If an offer seems too attractive or an opportunity seems too lucrative, it must be viewed with scepticism. Extraordinary opportunities are rarely real and are often designed to trick you out of your money or personal information.

Use Bintense services only through official channels

Bintense has several official websites, accessible via bintense.io, bintense.uk and bintense.au. Any other website or app claiming to be affiliated with Bintense is unofficial and should be avoided. Using third party sources to access our services may put your information and property at risk.

Official communication channels only

Only communicate with Bintense through official channels. We can easily respond to your enquiries at [email protected]. Please note that we will never contact you from domains other than @bintense.io, @bintense.uk, @bintense.au or call you unsolicited. We will also never ask for your details or ask for any financial transactions. Anyone who does so is not affiliated with Bintense and should be approached with caution.

No cryptographic gifts by Bintense

It is important to note that Bintense does not make cryptocurrency gifts. You should only enter your login details on the official Bintense website. While we may occasionally offer merchandise, rewards for recommendations or conference tickets to promote events, we do not offer cryptocurrency giveaways.

“Bintense does not provide investment advice and brokerage services

Every buying or selling choice is up to you. “Bintense does not provide investment advice or brokerage services. We believe that you should exchange what you understand. To facilitate this, we provide basic information about the assets on our list, publish market insights and educational articles on our blog, create videos on our YouTube channel explaining the basic blockchain and cryptocurrency features, and participate in discussion groups and conferences to discuss cryptocurrencies, the market and the industry. If anyone claiming to represent Bintense offers you financial advice or brokerage services, it is best to be cautious.

By following these guidelines, you can increase the security of your cryptocurrency assets and create a strong barrier to potential fraudsters. If you ever encounter a situation described in these 10 points and feel that something is wrong, please change your password immediately and contact us at [email protected]. Your security is our top priority.

Cryptocurrencies have become very popular in recent years, providing people with new and exciting opportunities. However, with its growing popularity, the cryptocurrency space has also seen an increase in scams, including “pump and dump” scams.

In this article, we will examine what “pump and dump” fraud is and provide basic guidelines on how to avoid it. We will also highlight how using a secure cryptocurrency exchange can be a crucial step in protecting your assets.

Understanding “pump and dump” fraud

“Pump and dump scams are a fraudulent practice in the cryptocurrency world. Here’s how they usually work:

• Pump: a group of individuals or entities artificially inflates the price of a particular cryptocurrency. They do this by spreading positive rumours, aggressive marketing and creating a sense of urgency.
• Dump: After artificially inflating the price and attracting a large number of unsuspecting individuals, criminals sell off their holdings at inflated prices, causing the price to fall rapidly.

How safe use of cryptocurrency exchanges can help

One of the most effective ways to avoid falling victim to pump and dump scams is to use a secure cryptocurrency exchange. These entities prioritise the listing of trustworthy cryptocurrency projects and follow strict rules, making them a safer choice for customers.

Secure cryptocurrency exchanges, such as our own Bintense exchange, have a rigorous vetting process for cryptocurrency listings. Before we disclose a project to our clients, we conduct thorough due diligence, assessing factors such as the project team, technology, use case and community support.

By listing only legitimate projects, trusted exchanges can reduce the likelihood of “pump and dump” schemes on their platform. In fact, many exchanges are actively working to detect and prevent such scams to protect their users.

How to avoid “pump and dump” scams

1. Research: before you buy any cryptocurrency, do your research. Understand the project, the technology and the real-world use case. Secure cryptocurrency exchanges often provide detailed information about listed projects that can help you make informed decisions.
2. Avoid advertising: be wary of cryptocurrencies that are highly advertised and promise guaranteed high returns. If something sounds too good to be true, it probably is.
3. Stay informed: keep yourself up-to-date with the latest news and developments in cryptocurrencies. This will help you spot unusual price changes and suspicious activity.
4. Be careful: don’t get FOMO (Fear of Missing Out). Even if a cryptocurrency is appreciating rapidly, it is important to be careful not to rush into buying it without doing thorough research.

In summary, pump and dump scams are a common threat in the cryptocurrency world, but by following a few simple guidelines, you can minimise your risk of falling victim. Using a secure cryptocurrency exchange that only lists reputable cryptocurrency projects is an essential step to protect your cryptocurrency holdings. We at Bintense recommend that you always do your research, stay informed and be cautious when navigating the exciting but volatile world of cryptocurrencies.

In recent years, there has been a growing trend in the world of online trading – the ability to buy with cryptocurrencies. This is an exciting development with several advantages such as increased privacy, security and accessibility.

However, as with any digital transaction, we as consumers should take precautions to ensure that online shopping is safe and enjoyable. At Bintense, we want to ensure that our customers are well informed about the use of cryptocurrencies and we hope that you find this blog post useful.

Online shopping with cryptocurrencies

The concept of buying with cryptocurrencies has gained a lot of traction, partly due to the widespread adoption of cryptocurrencies such as Bitcoin and Ethereum. Many online retailers and e-commerce platforms have now integrated crypto payment capabilities into their checkout processes, making it easier than ever for customers to buy in digital currencies.

Advantages of buying with cryptography

• Improved privacy: when we buy with cryptocurrencies, our personal and financial information is safe. Cryptocurrency transactions do not require the sharing of sensitive data such as credit card numbers, reducing the risk of identity theft.
• Global availability: cryptocurrencies have no borders, making them an excellent choice for international buyers. There is no need to worry about currency conversion or expensive international transaction fees.
• Security: the blockchain technology that underpins cryptocurrencies is highly secure. Transactions are recorded in a decentralised ledger, making them highly resistant to fraud and hacking.
• Fast and inexpensive transactions: cryptocurrency transactions are often faster and cheaper than traditional payment methods, especially when buying abroad.

Precautions you should take

There are many benefits to buying with cryptocurrencies, but it is important to take precautions to ensure that your online shopping is safe:

1. Use trusted retailers: stick to well-known and trusted online retailers that accept cryptocurrency payments. Research the seller’s reputation and read reviews from other customers.
2. Protect your wallet: keep your cryptocurrency wallet secure by using strong, unique passwords and enabling two-factor authentication (2FA).
3. Double check payment addresses: double check the recipient’s crypto wallet address before confirming the transaction. Mistakenly sending funds to the wrong address may result in irreversible losses.
4. Beware of scammers: be alert to fraudulent emails, fake websites and fraudulent crypto gifts. Scammers often target cryptocurrency users, so be careful and check the legitimacy of any offers or promotions.
5. Manage your records:Keep a record of your crypto transactions, including details such as transaction IDs, dates and amounts. This information can be valuable for tracking purchases and resolving disputes.

Our approach to online shopping with cryptocurrencies

As cryptocurrency advocates, we believe that the advantages of buying with cryptocurrency outweigh the disadvantages. In particular, the increased privacy and global accessibility are hard to ignore. If you don’t have cryptocurrencies yet, you can use an exchange like Bintense to buy cryptocurrencies at attractive rates 24 hours a day, 7 days a week.

However, this trend must be viewed with caution and necessary precautions must be taken to protect cryptocurrency assets and personal information. Stick to trusted retailers, protect your wallet, double-check payment addresses, be vigilant and protect your transactions.

Although the scheduled event is still about 8 months away, the cryptocurrency community is already preparing for a halving of the value of bitcoins in 2024. It takes place every four years and is receiving a lot of attention, not only from cryptocurrency exchanges but also from companies and start-ups in the cryptocurrency sector.

“At Bintense, we want our customers to be well informed about what is happening in the industry, especially when it comes to a major event like the halving of bitcoins. That’s why we want to go deeper into the process so that you can understand what it means for you.

What does halving Bitcoin mean?

The halving of the value of bitcoins is an extraordinary event, as it happens about every four years. Imagine you have a bar of chocolate and every day you can only break it into smaller pieces to give to people.

But there is a trick: every four years, the number of parts you can divide it into halves. So if you started with 8 parts, after halving it, you will only be able to divide it into 4 parts, then 2 parts and so on.

This is similar to how Bitcoin works. It’s like a digital currency, and halving it makes it harder to create new bitcoins. This disadvantage is what makes Bitcoin special, because its supply is limited, just like gold. People get very excited about halving the quantity because it can affect the way people use it, especially when demand increases at a time when supply is decreasing.

Bitcoin halves by 2024

As for the specifics of the 2024 bitcoin halving, you should know that it will take place on 15 April. On that day, the reward per block will be halved from 6.25 to 3.125.

This is the 4th bitcoin halved since the creation of the blockchain. Although the exact time of day cannot be predicted (due to possible delays), the halving will occur on block 740 000.

We would also like to mention that semi-divisions occur every 210,000 blocks until a maximum supply of 21 million bitcoins is created in the network. This dynamic causes Bitcoin to deflate. Similarly to gold, it will be increasingly difficult for consumers wishing to purchase Bitcoin to find an adequate supply as the rewards are lower.

Benefits of halving

Splitting bitcoins in half brings several significant advantages to the cryptocurrency ecosystem. Firstly, it acts as an integrated mechanism to control the rate of issuance of new bitcoins, ensuring a controlled and predictable increase in supply. This controlled supply is crucial in creating a sense of rarity, similar to that of precious metals such as gold, which can foster users’ perception of value and trust.

Second, halving the size of events is a form of scheduled economic stimulation. We at Bintense believe that a reduction in the creation of new bitcoins may encourage users to keep their existing bitcoins. This in turn may contribute to the stability and resilience of the Bitcoin network by encouraging user participation and contribution to the decentralised ecosystem.