Monthly Archives: March 2018

What is an Online Wallet?

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An Online Wallet allows users to centrally store and control their online shopping information and digital currencies.

QoinPro is a multi-currency Online Wallet that aims to promote adoption by giving her users free coins every 24 hours and that allows her users to centrally store and control their digital currencies.

QoinPro allows you to buy, use and accept cryptocurrencies (such as bitcoin). Most wallets are designed for a single cryptocurrency, however QoinPro is designed to be able to handle multiple crypto currencies.

QoinPro’s Online Wallet Advantages

Desktop Wallets run on your Desktop or laptop. Compared to them QoinPro offers the following advantages:

QoinPro supports multiple currencies, Desktop Wallets usually only support one
QoinPro aims to promote adoption by adding free coins to your account every 24 hours
QoinPro allows you to centrally control all your currencies through one interface
QoinPro doesn’t require storage on your PC, Desktop Wallets require you to download the entire blockchain
QoinPro doesn’t have long download times, downloading the blockchain can take several days
QoinPro is safe, you don’t have to worry about upgrading, maintaining or backing up your wallet

What are the Advantages of Bitcoin?

Payment Freedom, Low cost, Instant Transactions, Full transparency and no central authorities

Bitcoin is a zero trust consensus network with many advantages.

Payment Freedom – Instant transactions

With Bitcoin it is possible to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. Bitcoin allows its users to be in full control of their money.

Very low transaction fees

Bitcoin payments are currently processed with either no fees or extremely small fees. Users may include fees with transactions to receive priority processing, which results in faster confirmation of transactions by the network. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currency and depositing funds directly into merchants’ bank accounts daily. As these services are based on Bitcoin, they can be offered for much lower fees than with PayPal or credit card networks.

Fewer risks for merchants

Bitcoin transactions are secure, irreversible, and do not contain customers’ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance. Merchants can easily expand to new markets where either credit cards are not available or fraud rates are unacceptably high. The net results are lower fees, larger markets, and fewer administrative costs.

Security and Control

Bitcoin users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods. Bitcoin payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Bitcoin users can also protect their money with backup and encryption.

Transparent and Neutral

All information concerning the Bitcoin money supply itself is readily available on the block chain for anybody to verify and use in real-time. No individual or organization can control or manipulate the Bitcoin protocol because it is cryptographically secure. This allows the core of Bitcoin to be trusted for being completely neutral, transparent and predictable.