If you are new to the Altcoin scene, this article is for you! Altcoins are cryptocurrency alternatives that are following the success of the popular and trailblazing Bitcoin. Altcoins are everything and anything that Bitcoins aren’t. For example, a lot of the alternate currencies offer quicker transaction speeds, lower fees and are generally cheaper to invest in.
There are now over 1300+ Altcoins out there. With so many alternative coins, the question remains: which one should you *invest in? SolidTrust Pay has compiled a suggestion list below to help guide you through the growing world of Altcoins.
1. Steem – Steem has some top-notch incentives. This currency has no fees and has one of the fastest transaction rates around. As defined on their website, Steem “is a blockchain-based rewards platform for publishers to monetize content and grow the community.” As a member, you are rewarded for content creation, and you don’t have to worry about overly technical matters – perfect for beginners. Steem has also processed more transactions per second in the past 18 months than Bitcoin or Ethereum. For more information, see https://steem.io/.
2. Ethereum – According to their website, Ethereum “is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.” With the Ethereum platform, you have the option to design and issue your own cryptocurrency! For more information, see https://www.ethereum.org/.
3. Litecoin – Dubbed as ‘the silver to Bitcoin’s gold’, Litecoin has shown the most promise of any other Altcoin. This currency offers fast transaction times and has improved storage facility. As a side note, according to the Litecoin website, “with substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.” Let’s not forget that this Altcoin is predicted to produce 84 million Litecoins, which is “4 times as many currency units as Bitcoin”. As it stands, there really is no alarming pitfalls with this Altcoin. For more information, see https://litecoin.org/.
4. Ripple – With a growing global network and claiming to be better than any blockchain, Ripple provides new, competitive cross-border payment services for their customers. The platform offers connectivity across payment networks, instant, on-demand settlement, real-time traceability of funds and low operational and liquidity costs. As stated on their website, “in order to maintain healthy XRP markets, it’s a top priority for Ripple to have XRP listed on top digital asset exchanges, making it broadly accessible worldwide. Ripple has dedicated resources to the initiative so you can expect ongoing progress toward increasing global liquidity.” Arguably, Ripple in is it for the long haul, and that can easily translate into stability and prosperity. For more information, see https://ripple.com/.
5. Bitcoin Cash – Also promising low fees and reliable confirmation is Bitcoin Cash (not to be confused with Bitcoin). With a network that runs without congestion, is easy to use and allows you to send the currency globally for pennies, this Altcoin has the promise of longevity. The Bitcoin Cash website states that “in 2017, [Bitcoin] capacity hit the ‘invisible wall’. Fees skyrocketed, and Bitcoin became unreliable, with some users unable to get their transactions confirmed, even after days of waiting. Bitcoin’s market price has increased, but its growth and usefulness as a currency has stagnated. Many users, merchants, businesses and even investors left Bitcoin for alternatives, causing its dominance to fall from 95% to as low as 40%.” Why does Bitcoin Cash seem like the way to go? Simply because the Altcoin is committed, and have proved so by saying “Bitcoin Cash immediately raised the block size limit to 8MB as part of a massive on-chain scaling approach. There is ample capacity for everyone’s transactions. Low fees and fast confirmations have returned with Bitcoin Cash. The network is growing again. Users, merchants, businesses, and investors are building the future with real peer to peer cash.” Another promising, proactive Altcoin with a dedication to expansion! For more information, see https://www.bitcoincash.org/.
*Invest at your own risk. SolidTrust Pay is not liable for any investment opportunities that you choose to take advantage of. The list above is merely a suggestive article and does not reflect the opinions of SolidTrust Pay as a whole.
2FA [two-factor authentication] is having something you know paired with something you have. For example, you likely have a bank card, and in order to use your bank card, you must have a correct PIN when completing transactions. The bank card is something you have and the PIN is something you know. Together, the card and PIN make for a great two-factor authentication system, which in return protects your money.
To create a 2FA password via your personal computer:
1. Start the Authy download by clicking here. It is important that you are using Google Chrome to setup Authy; no other browsers will work
2. Scroll to the bottom of the page. Under the Chrome heading, select the button that says available in the chrome web store:
3. Once selected, a page will pop up that looks like this:
4. Select Add to Chrome, found in the upper right-hand corner:
5. Select Add App when prompted:
6. The page will change and show that Authy has been added to your Apps in Google Chrome:
7. Follow the prompts when you click on the Authy application. Authy support can be found by clicking here if you are having trouble with the application.
8. After Authy has been installed, login to your SolidTrust Pay account and go to Security > 2FA Settings:
9. Select Start Set Up:
10. Select Send SMS [Short Message Service] Code. If you are not receiving the SMS code, or the mobile number is incorrect on the page, please edit the number [My Account > Edit Profile], or contact Customer Support via the button at the bottom of this page:
11. Enter the number provided in the SMS that you should have received. After, select Enable 2FA:
12. The next page will have the manual setup code [see: blue rectangle], which you will enter into the Authy application that you previously installed. Do not enter the manual setup code in the Disable 2FA field, unless you wish to disable your 2FA [this is not what you want to do when enabling your 2FA for the first time]:
13. Select + Add Authenticator Account in the lower left-hand corner of Authy. Enter the manual setup code in the required field, then choose Add Account:
14. After the account has been added, choose a logo and provide a name. Select Done once completed:
15. Close the window:
16. A list with the newly added account will appear. Select the account. You will see a 6 digit number that changes every 30 seconds. This is your 2FA password – it is required when adding a virtual wallet to your account or if you wish to use an exchanger service [see green rectangle]:
– You must have a mobile device that is capable of receiving SMS messages to enable the 2FA on your account.
– For information on how to add your virtual wallet, click here.
– For information on how to use an exchanger service, click here.
Want more options from your payment processor? Then look no further!
SolidTrust Pay wants your experience with us to be a pleasant and rewarding one. As promised, here is a quick introduction to some shiny new features that are live and waiting for you on our new site!
Accept Cards & Bitcoins
Tired of waiting when applying to accept payments? Shorten the wait time with our newest option, the Accept Cards & BTC application. No need to have an account with SolidTrust Pay – fill out a quick and easy form and you’re done! Our Merchant Department will reply to you within 1 business day!
New Locations for Features
Convenient and easy to find locations for our customer favourites, such as the redone API manual, easy to integrate shopping carts, as well as new logos and creatives!
Introducing the Leader’s Club! SolidTrust Pay wants to give you $3,000 unlimited times!*
Seems like a good time, right? Earn up to $3,000 for every new merchant or member that you introduce to us. Receive 25% of all transaction fees of up to $3,000 when your referrals reach our qualifying levels (bonuses are available)! This opportunity applies to anyone, anywhere, and to whoever wishes to generate their own income – talk about freedom! Your earnings will go directly into your SolidTrust Pay account, and the revenue share is generated instantly. Here is a table that shows a breakdown of earnings:
|Personal Account||Business Account|
|Income – (25%) on $500||$125||$140.63|
Remember how we mentioned bonuses? This is what a bonus could look like:
|Bonuses||10 referrals = $100||50 referrals = $600|
|Number of Qualified Accounts||10 referrals = $30,000||50 referrals = $150,000|
If you have a potential merchant/audience in mind but need a bit of a hand when trying to be persuasive:
– SolidTrust Pay has been in business for over 12 years.
– We are a stable company with a great reputation (just check out the testimonials).
– We have easy to access customer and merchant support. We take pride in being dedicated to our clients, so much that we offer services 24 hours a day, 7 days a week, and 365 days of the year.
– We offer some of the lowest processing fees in the e-commerce industry.
Interested? Ready to start earning? Unleash your inner entrepreneur – start earning today by applying here!
*Terms & Conditions apply. Please review the Leader’s Club Terms & Conditions here.
Security vulnerabilities have a rippling effect, and because of this, SolidTrust Pay would like to briefly inform users about two new security flaws: Meltdown and Spectre.
Meltdown and Spectre are major security vulnerabilities that are found in processing chips, which are in many of the world’s phones and computers. This means that malicious programs have the ability to read the contents of a computer’s RAM, exposing passwords and encryption keys, otherwise known as information leakage. According to Ars Technica, “Meltdown, applicable to virtually every Intel chip made for many years, along with certain high-performance ARM [Advanced RISC Machine] designs, is the easier to exploit and enables any user program to read vast tracts of kernel data.” Although Meltdown is easier to exploit, it will be easier to patch than Spectre.
Companies, specifically the ones listed here, are not issuing any recalls of the technologies embedded with the chips. Even though patches and updates will be issued, the threat of information leakage will continue to be around for a lengthy, undisclosed amount of time.
For Meltdown, updates should happen by the end of January, says Intel CEO Brian Krzanich. After the fixes are implemented, you may find that your computer or personal device may be running slower. Spectre, on the other hand, doesn’t really have a fix, according to our sources.
This article lightly brushes over this complex topic, and it will be one to follow for months to come. We recommend reading credible tech news sources in regards to the latest on Meltdown and Spectre, specifically Ars Technica (really great if you are from an IT or development background) and Engadget (lighter reading for people with a background not in computers).
SolidTrust Pay’s Chief Security Officer advises users to “keep everything updated, [such as] Windows, web browsers, antivirus software, and only go to known and trusted websites. Don’t download anything unless you know 100% sure what it is.” In other words, stick to what you know best, and be diligent when using the internet.