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Skylom Review – Scam or Can You Really Win Some Money?

Skylom is an online lottery site that will give you a chance to win some money by watching short videos. Sounds a bit on the strange side right? Well if you are wondering is Skylom a scam I can assure you that they are not.

In this review I’ll be going over what exactly Skylom is and how they operate…. and I’ll go over how you can get started with them if you do want to enter for chances to win some money, which I assume you probably do.

Skylom Review

At Skylom they make money by getting people to watch videos. As far as I know they are basically a form of an advertising platform and are getting paid to do this. There is not much information on the site that says how it all works but I’m assuming that Youtubers are paying this place to get people to watch their videos.

There are 2 other sites that I have reviewed in the past, Snuckls & Baymack, that also provide the same service and also have lotteries that reward their members. I’m guessing that Skylom, Snuckls, & Baymack are all run by the same place because on the Skylom website they have links to both the other sites…. and just judging by the overall layout and design of the other sites they are extremely similar.

How It Works

If you were to go to Skylom.com you will see this… They give away a certain amount of money (in this case $1,000) every so often to a lucky member. These giveaways happen constantly, usually every 5-10 minutes or around there.

But if you were to pick your numbers and click submit you would find out that you have to register first and registration is by invite only. You are able to enter your email address to get and invite but there are many people waiting in line here and you likely will never receive and invite that way.

What you are going to have to do is click on someone’s referral link. I’m not going to provide my own but you can Google “Skylom” and easily find other people sharing their link.

Earning Coins

After you join you still won’t be able to enter the lotto just yet. You need to earn coins in order to enter your numbers. I think this might depend on how high the lottery is at but when I was on the site last I needed 5 coins to enter.

To get the coins you will see a menu button that says “Get Coins” and this will take you to watch videos. You will have to sit and watch youtube videos for around a minute or so and then you will have to tell what category the video falls into after the time has passed.

You will find all sorts of videos here… music videos, videos on fashion, etc. For some reason I was getting a bunch of videos that were in different languages which was a bit strange.

After watching a video and answering the question correctly you will earn 1 coin.

The Lottery

Once you have enough coins simply enter some numbers and hope that you win. The chances of you completely winning are slim to none… so don’t count on that. However… you don’t have to get every single number right to win some money.

If you get all 7 numbers right you win 99% of the Jackpot, if you get 6 numbers right you win 0.35%, and so on as you can see here… And in the case of multiple winners then the pot is divided.

Getting Paid

After you win your money it goes into your account and you have a couple options for cashing it out. You can either choose to cash out via Paypal or with a bank wire transfer. If you choose Paypal you can cash out as little as $0.02 at a time, which I don’t really see the point of. But if you choose to do a wire transfer then you are going to need at least $99 in your account before you can do this.

Complaints

Invite Only

Of course one complaint I have is that it is invite only. Its kind of annoying having to find someones referral link just to join. However, its also nice in a way because it forces people to sign up through existing members and they get rewarded for it.

Video Categories Confusing

Sometimes the video categories that you have to choose from after watching a video in order to get credit for it can be confusing. For example, I watched a Spanish music video and chose the category of Music but ended up getting the question wrong. Apparently they wanted me to say that it was Pop, which was another choice.

Chances of Winning Are Very Low

The chances of you winning the jackpot are next to nothing. The computer supposedly chooses a number at random and getting the same 7 digit number is highly unlikely. And if you only match 6 digits or less the amount that you win decreases drastically.

Conclusion on Skylom – Good Opportunity or Not?

Skylom isn’t a scam or anything like that. This site along with the 2 similar sites that I mentioned in the beginning are all legit and do provide a legitimate service. They earn money from people paying to get more views for their Youtube videos and then Skylom gives people like you and I a chance to win some money as incentive to watch their videos in the first place.

Its definitely not the best way to make money online by any means, and honestly I wouldn’t expect to earn much of anything… however you can earn money. And if you like to watch random videos for a very small chance of winning then you might like this.

A program that I would recommend far above this for making money online in your spare time is this one. I’ve been a member since 2015 and have earned a lot with it…. like a heck of a lot more than you could ever earn with Skylom.

==> You can check out my recommended program here

If you have any questions be sure to leave them below…

Paid Survey Sites, PTC Sites

DollarClix, Scam or Good Way to Earn Extra Money? – [Review]

DollarClix claims that you can earn some pretty easy money online by just taking surveys, completing tasks, and even by referring other people to join… but is it really as easy as it seems…or will DollarClix scam you in one way or another?

When it comes to making money online I understand how important it is to do a little extra research on opportunities that come up. There are a lot of scams out there that either steal your money or are just a massive waste of your time. In this review of DollarClix I’ll be going over how this place works, how much money you can make, and ultimately whether or not I think its worth the time you have to put into it.

DollarClix Review

DollarClix is what you call a GPT website, or “get paid to” site because you get paid to do things. The things you get paid to do include take surveys, click on adds, complete simple offers, and refer others to join.

This site is a mix between a PTC site and a survey site. They get paid for advertising on the site and to get members to click on ads and they get paid for the market research they perform via the paid surveys.

The Different Ways to Make Money

There are a lot of ways offered to earn money on this site. If you go to the Earn Points tab in the main menu you will see that their are daily surveys, paid surveys, videos to watch, DollarClix offers and more.

The daily surveys and paid surveys are essentially the same thing… they are both paid surveys that you will earn money with by sharing your opinion. These are nothing special. They are your typical paid surveys that you will find on a multitude of other paid surveys sites. When I was looking through some I saw that they offer surveys from SaySoRewards and Peanut Labs, which are two popular market research companies that many other sites host surveys for.

The DollarClix offers are offers that pay you to promote this opportunity. You can earn points for sharing DollarClix on social media, posting earnings, things like that.

When you go to Offer Walls you will find a bunch more earning opportunities. There are many different things included here. Its basically just a bunch of ways to earn jumbled all together. You have PTC offers, paid surveys (again), offers where you can earn for signing up for things and lots more.

Lastly there is the referral program. The referral program that DollarClix is pretty nice compared to other similar sites and they really try to push members to go out and get others to join. You will earn 20% of the people’s earnings that you directly refer into DollarClix. On top of that you will earn 10% of the earnings from the people that they refer in. So its a 2-tier affiliate program.

They also have an elite referral program where you can make more for referrals. They charge $5 per month for this and it gives you the ability to earn 15% on level 1 and 10% on level 2.

Honestly though I really wouldn’t recommend buying into the elite program. I just don’t see it being worth the money.

How Much Money Can You Make?

The answer is not much at all.

As I mentioned, the surveys that are offered on the site are your typical paid surveys. These will range in how much they pay but just to give you a number I would say anywhere from $0.50 – $2.00 per survey.

The PTC offers are something else that you will barely earn a thing with. Usually you will earn less than 1 cent by clicking on PTC ads.

Complaints

Surprisingly I didn’t find all that many complaints on this site…. but then again I wasn’t able to even find many member reviews.

On the site TrustPilot, which is a site where anyone can go to review a website or opportunity like this, DollarClix has a 4/5 rating with 9 reviews. That is pretty good from what I have seen from other similar sites. Its nothing great but its not horrible.

But anyways… besides the complaints I was able to find from other people some complaints that I have are that there isn’t much earning potential and that the site is cluttered. What I mean by the site being cluttered is that it just seems to have a bunch of different ways to earn all thrown together in a big pile.

Conclusion on DollarClix – Good Opportunity?

First off… no DollarClix won’t scam you. You can really make money with this site… the downside being that you won’t make much money with this site, which is the same for every GPT site or paid survey site out there.

If you are like sites like this that pay you in a multitude of different ways then Swagbucks would probably be my number 1 choice. But again… you just won’t make much money with any of these types of opportunities.

I get that its nice to be able to complete offers and take surveys at anytime you want to, but there are still better ways to earn. If you are looking to make money online on your own time then I would suggest this program. I’ve been a member since 2015 and make a heck of a lot more money with it than I ever could on a site like DollarClix.

==> Recommended Program Here

Questions, comments, or concerns? Leave them below in the comment section and I’ll get back to you 🙂

Freelance Writing Jobs

Truelancer, Scam or Good Freelance Site for Making Money Online? – Review

If you are looking to make money freelancing on Truelancer.com you first need to know if this site is legit and whether or not you should be using it. If you are wondering if Truelancer is a scam or not then you are in the right place.

In this review I’ll be going over how this site works, how you get work as a freelancer, pay, complaints and more.

Truelancer Review

Truelancer is a freelancer platform similar to Fiverr & Upwork. On this platform individuals or businesses can post jobs that include a wide variety of things such as customer service, data entry, content writing, accounting, IT & programming, graphic design, marketing, and more. The freelancers on the site can can then perform whatever project it is that a client needs completed and get paid for it.

This could be something very simple like creating a basic logo for a website or it would be something that takes a while to do such as write a 5,000 blog post. There are all sorts of projects that clients will post on this site so there are always new things that you will find.

How It Works

When you join Truelancer as a freelancer it is important to make your profile as lively and inviting as possible. Its not like you can just go out and choose any project that you want on this site and get accepted for it. The client is the one who will choose you or not and if your profile is a mess then you likely won’t get picked. I would suggest taking your time creating a profile and really make it clear what you are good at and what you have to offer. Make note of any accomplishments or anything that makes you a qualified candidate for the types of jobs you are going to be shooting for.

Getting Jobs

Truelancer has a bidding system that is typical of freelance sites like this.

Basically how this all works is like this: You are able to see a list of all the projects that are available in which you could potentially work on. But there are other freelancers wanting to get paid for completing these projects as well. So what you do is submit a proposal for the job to the client through Truelancer. What you will be able to do here is write to them about why you are a good pick for the job. Its important to read over the project carefully and really put some extra time in making each proposal specific to the particular job.

It can be tough starting out as a freelancer on sites like this because there will be others that have been around for quite some time and have built up a good reputation with good ratings. For this reason it probably isn’t the best choice to go after jobs that are really popular and tons of people are bidding on. Its best to go after the lower paying, not-so-good jobs until you get some work under your belt.

Something else you can do to get paid for work and build up your reputation is participate in contests. Truelancer allows clients to host contests in which everyone is free to participate in. At the end of a contest, after your work is submitted, the client will pick the freelancer’s work that they feel is best for them.

So an example of a contest could be a for a website logo (again) where everyone participating would create a logo and the client would choose the best one. Usually the contests are for shorter projects that don’t take too much time.

Complaints

Most of the complaints that I found while researching online come from clients and not the freelancers. Some of these include having to pay in full when only half of the work was completed by the freelancer, having trouble communicating back and forth with the freelancer, and others.

On the flip side of this I guess if you are freelancer you might consider this good…. because now you can go and only complete half of the projects but get paid in full! But no, seriously… don’t do that. And besides I’m not sure how common of a problem this actually is but I did find multiple complaints on it.

I also found some complaints from freelancers about there not being enough jobs in people’s particular area of skill… but this just depends. It seems to me that there are a good amount of jobs but if your skill isn’t in high demand then of course it will be more difficult to find work.

Conclusion on Truelancer – Good Opportunity?

Truelancer is definitely not a scam. They do have some problems they need to work out so that their platform provides better service, for clients in particular… but they are no scam. However… I would probably say that places like Upwork are better choices. Upwork is just a better quality platform but the downside to it is that it is much more popular and might make it more difficult for you to find work. Another good option for freelance work if you are a writer is Contena.

But anyways… do what you want. Truelancer isn’t a scam but whether or not you want to join this site is up to you.

Something else that I would suggest looking at since you are looking to make money online in your free time is this program. I’ve been a member since 2015 and make a living with it online now… which speaks for itself.

==> Learn more about recommended program here

Questions or comments? Leave them below in the comment section and I’ll get back to you soon 🙂

Training

Is 7k In 7 Days a Scam Program?- A Review That Isn’t Promoting The Program

If you are looking to the 7k In 7 Days product I suggest reading this first. This is one of the few reviews you will find out there that isn’t promoting the product so its going to be unbiased. If you are wondering is 7k In 7 Days a scam then here you go. I’ll give you my honest opinion…

7k In 7 Days Review

7k In 7 Days is a 37 page ebook that explains how Ali Chowdhry make $7,000 in 7 days of course. Ali has been in the online marketing space for a while and I don’t doubt that he has done this. But this product isn’t going to be some tell all and show all course or anything like this. So if you are expecting to be taken by the hand and walked through everything then this probably isn’t for you.

Just like most internet marketing products that you find online, this product is overly hyped and the promotional information is somewhat misleading. They tell you that it is “easy to do” and there will be “fast results” but I sure wouldn’t count on either of these.

Its definitely not going to be easy to do especially if you have no experience at all. This ebook basically just gives you an overview of the process with not much more. Its far from being a complete training or anything even close. It will give you ideas of what you can do and it will explain what Ali did to make money but its not going to take you through each step of this method.

This ebook is just an overview of the process but it is not training.

The 7k In 7 Days Process of Making Money

One of the things you might have heard in the sales pitch is that there is “no lists, no products, no paid ads”. So what does this mean? If there are not products then what the heck are you going to be doing to make money?

Well this ebook goes over a bit about how you can make money promoting other people’s products. Its called affiliate marketing and its when you promote products online and get paid commissions, or a bonus when you make sales. I actually do this for about 90% of the money that I make online.

The ebook then goes on to talk more about selling your own product and why its important to create your own digital product such as an ebook.

Generating Traffic

There are lots of ways that you can generate traffic when doing online marketing but 7k In 7 Days claims to not use email lists or paid ads… so how does it teach to generate traffic then?

The key to traffic generation that this ebook teaches is Facebook. Basically what it goes over is how you can promote your product in Facebook groups that are filled with people in your particular niche. This is all free and can be effective because I know people who use this method, but honestly I don’t and really don’t know all that much about it.

So if you wrote an ebook that was about losing weight called 7 Pounds in 7 Days, you could promote it on Facebook groups that are focused on weight-loss, healthy living and things like this, which there are plenty of.

Another traffic generation method that this book goes over is the whole affiliate marketing thing. Basically it will go over launching your product on affiliate sites like JVZoo and getting other people to promote your product for you. When you do this you offer a certain bonus to affiliates when they make sales as incentive to promote.

Upsells

When you are logged into the backend after you purchase the ebook you will see three tabs in the upper menu for Mastery Bootcamp, Live Coaching, and Profit Templates. These are the upsells of the course.

These upsells provide the training. The ebook just gives you part of the equation. It tells you how you can make money online but doesn’t really explain how to go through each step of the process. It leaves you wanting and needing more, which is where the upsells come in.

Conclusion – Good Opportunity or Scam?

7k In 7 Days is definitely not a scam but its probably not the best opportunity for many people out there either. The fact is that it provides very little. If you think you are going to read a 37 page ebook and start making $7,000 per week you are crazy. And besides that this ebook doesn’t really provide any special or great information. The stuff talked about are things you could easily find on Youtube or just reading on Google.

This ebook provides very little and basically just gives you a path that you can take to make money online. It gives an overview but you are going to be left having to figure out what to do next. I mean its not all that bad of a product considering the price but I’m just saying there isn’t much too it.

If you are wanting to make money online affiliate marketing then I would suggest Wealthy Affiliate. They are a training platform that provides everything you need from start to finish. They provide complete training and are actually where I got started online back in 2015. The focus is different, because Wealthy Affiliate focuses on making money promoting existing products instead of creating your own, but I think this is good because it is much more newbie friendly.

Anyways… you can read my review of Wealthy Affiliate here for more information. I would definitely recommend it over 7k In 7 Days.

Questions, comments, or concerns? Leave them below and I’ll get back to you soon 🙂

Uncategorized

Is My Online Empires a Scam? – Review of OnlineEmpireMaker.com

If you watched the promotional video for Jason Rogers’ My Online Empires on onlineempiremaker.com then I’m guessing you are pretty skeptical of what is actually going on here. This guy claims to be taking 106 people that want to make money online and he will turn them into millionaires. Is this really true? Or is this whole thing a scam? Is the onlineempiremaker.com website a scam?

Before I even get into the meat of this review I’ll tell you right now that yes… this is about 90% a scam. And the reason I say 90% is a bit confusing. You see, you can make money with the system that this guy is promoting but the reality is that it is MUCH harder than he leads you to believe and that this promo video is filled with misleading information and outright lies.

OnlineEmpireMaker.com Review

Jason Rogers, who I wasn’t able to find any good information on by the way, claims to be sharing some secret system with people that will make them millionaires. Of course he tells you that you have been privately invited and that he is only accepting 106 people into this group…. but this is all a lie. The truth is that he will take anyone that wants to join because he wants your money.

This website has been around for years and you can even find reviews on it calling it a scam back from 2015.

If it sounds too good to be true then it probably is right? This saying fits this situation perfectly. It sounds way too good to be true. He tells you that a team of highly skilled specialists are going to do all the hard work for you and that you only have to work 20-30 minutes per day in order to become a millionaire with this. This all sounds way too good to be true.

Also the testimonial videos that were displayed of people claiming that they made it rich with this program were atrocious. I wasn’t able to find proof that these are fake but it appears to be bad acting at its finest. These people were likely paid to make fake videos on this, which I see all the time with scam programs like this as well as others that I have reviewed such as Desktop Commission System & Get Paid 1K Per Day.

The Real Program Here

In the promo video Jason tells you that the program, or system that he is going to be hooking you up with is called My Online Empires… but really its called My Online Business Empire, aka MOBE. This program has been around for years and is quite infamous in the online marketing world.

The truth is that you really can make $1,000, $3,000, to $5,000 per sale but its nothing like you are led to believe.

MOBE is basically one of those programs that people buy into to make money online and then they are pushed to make money online by selling the same darn program to other people.

When you join you get training, tools, pre-done for you sales funnels and more. All of this stuff that you get is set up to get you to go out and promote MOBE to other people. That is how you make money… which is pretty unethical in my opinion. However…. you can make money with this.

There is one major catch to it all though. The catch is the price.

Let me ask you a question: How do you think you can make up to $5,000 per sale? Remember, you are selling MOBE to other people so if you can make $5,000 per sale then that means that the product you are selling must cost more than $5,000 right?

You see MOBE has different products and membership levels, all of which are focused on online marketing. These range in price a lot and get as expensive as $10,000+. This is what you call a high ticket program, meaning that it costs a heck of a lot but you can make a heck of a lot selling it.

Guess what though… just as you will be trying to sell it to other people… it is also being sold to you. When you join you will be upsold on all the other higher priced products that MOBE offers. You will be part of the whole money making system just as you will try to suck others into it. And one big catch to it all is that in order to make commissions selling a MOBE product you will first have to buy it.. So if you want to make $5,000 commissions you will first have to buy the product that costs over $5,000.

Conclusion on OnlineEmpireMaker.com – Scam?

There is no question about it that OnlineEmpireMaker.com is a scam. It is a very misleading website that was created by a member of MOBE that is just trying to get others to buy in…. just as you will do if you buy in. The person behind this site is just following the money making system which is just a big circle of getting others to buy into the system.

While you can make money with MOBE it is not something that I recommend. Not only do I find it somewhat unethical in the way it works, but its also just going to be too expensive for most people looking to make money online. You will have to spend high amounts of money to make high amounts of money and this is an option many do not have.

If you are looking for a more affordable and legitimate way to make money online then I would suggest looking at this program. I’ve been a member since 2015 and make very good money with it.

==> Recommended Program Here

Also check out the disclaimer for that I found from OnlineEmpireMaker.com… Pretty much says “hey I’m a scam”.

Questions or comments? Leave them below and I’ll get back to you soon 🙂

Cryptocurrency

Is BitconnectX a Scam? – Read Before Investing

With all the controversy surrounding Bitconnect and allegations of it being a massive Ponzi scheme, there is no wonder that BitconnectX is getting a lot of negative opinions thrown at it. There is a lot of talk going around that this is just going to be a scam on top of an existing scam. But is it really? Is BitconnectX a scam? Or could this be a great investment opportunity?

In this review of BitconnectX I’ll be going over what it is, whats different about it from the old Bitconnect, and some concerns that I have with it.

BitconnectX Review

BitconnectX is Bitconnect’s newest cryptocurrency release. Basically the coin is just your pretty typical cryptocurrency. It doesn’t claim to do anything fancy, it doesn’t claim to save the word…. its just a cryptocurrency that is to be used as a symbol of value, just like the almighty Bitcoin.

BitconnectX is a decentralized open-source crytpocurrency that is blockchain based and can be used for peer to peer transactions.

One thing new that BitconnectX brings to the table is that it supports proof of work (POW) along with proof of stake (POS). This means that you will be able to both mine the coin and hold the coin, earning transaction fees and securing the network by doing both.

The regular old BitConnect was based around proof of stake, where there was no mining.

In total there will be a 49 million coin supply, which is a pretty good number in my opinion. Bitcoin, for example, has a 21 million supply cap. So if things go according to plan and BitconnectX is adopted by the masses, then this really could skyrocket in price. But the big question is will it ever see this kind of adoption?

Overall there is still not a lot of information on everything on it. For example, some other things that I found they claim include that BitconnectX will have super fast transaction times and the lowest transaction fees, but they don’t give you any numbers to go off of. They mentioned both of these multiple times on their site yet offered no details about either.

The Core of BitconnectX

So besides BitconnectX supposedly being really fast with low transaction fees, which is what every cryptocurrency wants to be, the BitconnectX itself will be an exchange, which is maybe what the “x” in BitconnectX stands for.

I don’t know what all cryptocurrencies you will be able to exchange here because they really don’t give you much information. Basically all they say is that it will include and exchange of multiple cryptocurrencies. So my guess is that it will include all the big names that are out there but I really can’t imagine it becoming anywhere close to as big as Bittrex, Binance, GDAX, etc.

Some Serious Concerns

There are a lot of concerns that BitconnectX is just an addition to the alleged Bitconnect scam. Many people claim Bitconnect to be a Ponzi scheme and I don’t blame them. This whole operation resembles a ponzi in many ways from its pyramid-like recruitment structure. Even a lot of the bit time earners in Bitconnect aren’t exactly sure what the heck it is and are suspicious that it may be a ponzi… but they are still making money which is why they are still in it.

And now with the cease & desist letters that are being issued by state governments, such as Texas & North Carolina (Texas State Securities Board letter to Bitconnect Here), there is just more uncertainty added to the equation.

What is BitconnectX really? Many people are alleging that it is nothing more than a way to raise more funds to help keep the Bitconnect ponzi afloat. Because like we all know… ponzi’s are guaranteed to collapse in the long run.. and when they do collapse the majority of investors end up losing money rather than making money. They rely off of new investors buying in and when they stop flowing in at a fast enough pace things go downhill fast.

My Final Thoughts On It All

BitconnectX really isn’t bringing anything new to the table overall. I mean its different than Bitconnect but when you compare it to other cryptos out there it is nothing special by any means. At this point its just another cryptocurrency that is hyped with big claims but offers no real proof of some of them being true.

At this point the only real thing that I see going for BitconnectX is that there were a ton of people that made money with the regular Bitconnect… which would entice them along with newcomers to buy in. Other than that I don’t really see why there would be much adoption for this new cryptocurrency.

Anyways… that’s my little rant on it all. I don’t really know if its a scam or not and this is partly because they are not very transparent with what they are doing, which is another area of concern. They don’t really give you much info on anything.

My final piece of advice is to invest if you wish to but do not invest more than you are willing to lose. The entire crypto market is very volatile and and there are lots of likely ponzi’s out there like BTC Global & CryptoGain. If the many allegations are true… and this really is all just a fundraising method to keep the alleged Bitconnect ponzi afloat… then this is going to get bad fast.

Before you leave… what are your thoughts on it all? There is so much that is unknown about Bitconnect and BitconnectX that I would love to hear your thoughts on the whole thing. You can leave them in the comment section below.

Cryptocurrency

Is GDAX a Scam? – Review & My Experience

If you are looking to buy or sell bitcoin, bitcoin cash, ethereum or litecoin online then GDAX is one of the options that you have. But I’m sure you have heard horror stories of investing in cryptocurrencies and using sites like this. Maybe you have heard about the notorious Mt Gox exchange that lost billions of dollars worth of bitcoins (at today’s value), or maybe you have heard of more recent exchanges getting hacked.

So is this a place you can trust? Or is GDAX a scam that you should avoid like the plague? I’ll give you a spoiler alert right now and tell you that GDAX is legit and I have been using them for quite some time. In this review I’ll be going over why they are one of the better and more trusted exchanges out there, their insurance policy, fees and more.

GDAX Review

The fact that GDAX is a regulated US based exchange says a lot. I’m not saying that this necessarily means you can trust them right away but the fact of the matter is that in the US they are subject to much more laws and regulation than many of the other exchanges operating across the globe. This means there is more customer protection.

GDAX is actually run by Coinbase, which comes out of San Francisco. They have been around since 2012 and have grown to probably (in my opinion) be the most trusted exchange there is. Many people use Coinbase as a way to first get started in cryptocurrency. They go through them to buy their first bitcoin…. ethereum or litecoin.

Anyways.. you can read my Coinbase review here if you would like. And just to be clear… Coinbase.com & GDAX.com are 2 different places run by the same company. The major difference is that GDAX isn’t quite as user friendly and is designed more for professionals or institutional investors making large purchases. GDAX might be a bit more complicated but on the plus side they charge less fees, which is why I use them.

What is GDAX Exactly?

I’ll make it more clear what they are and what they offer here…

GDAX is a dollar (or EUR) to cryptocurrency exchange. What they do is match people that are looking to buy cryptocurrency up with people looking to sell it. So if you are wanting to buy crypto, which I assume you probably are, you will set a buy order for a certain price. If you buy at what is the current market price then your order will be filled instantly because there will be plenty of sellers selling at that price at the same time.

What makes GDAX so great is that you can easily buy with real USD (or EUR). This is actually not all that common in the cryptocurrency space. Most exchanges only exchange for USDT (tether), which is kind of like the cryptocurrency version of USD. But anyways.. .I won’t get into that. All you need to know is that GDAX makes it easy to buy or or sell cryptocurrency straight from your bank account.

GDAX vs Coinbase

As I said, GDAX is more for professional traders/investors. It is a little more complex but charges lesser fees. At GDAX you have access to the order book so that you can see the stream of bids/asks going through and you have access to a much more informative price charge with a couple technical analysis tools available.

Ex:

On the downside (other than being not quite as user friendly as Coinbase) GDAX doesn’t allow you to purchase cryptocurrencies with a credit/debit card like Coinbase does, which makes things extremely fast and simple.

Insurance Policy

I think its worth mentioning that GDAX does insure USD balances through the FDC up to $250,000, just like any normal bank does. This is a pretty big deal in my opinion and gives you some piece of mind.

The Fees

GDAX’s fees are pretty much nothing. They have what is called a Maker or Taker fee. And basically this is how it works: If you place an order (lets say below market price because you want a good deal) then your order will likely not be filled immediately, which means you made the order and are a Maker. But if you place an order and it gets filled immediately then you are a taker, because you got matched with an existing order (on the opposite side: buy vs sell) and took the order.

If you are a taker there is a 0% fee, which is awesome. And if you are a maker you will pay a fee of anywhere from 0.1 – 0.3% depending on the amount of volume that you trade, which I’m not going to get into.

The point here is that the fees are extremely low. You will be paying 0.3% at most. This is much less than Coinbase’s 1.49% fee for bank transfer buys and 3.99% fee for credit/debit card buys.

Buying/Selling On GDAX

Ok, so I’m going to use USD for buying/selling as an example.

When you are looking to buy bitcoin, ethereum, or whatever, with USD or you are looking to sell those cryptocurrencies back into USD, everything has to go through your GDAX USD wallet first.

So to buy, first you would have to deposit the money into your USD wallet within your GDAX account. This can be done through bank transfer, wire transfer, or your Coinbase account (if you have USD over there). And when you sell crypto’s back into USD it will end up in your USD account at GDAX, which you can then transfer to your bank account.

Setting Up an Account

To create a GDAX account you will need to create a Coinbase account since GDAX is run by Coinbase. Even if you go to GDAX.com and create an account you will be redirected to Coinbase.

So what I suggest is just going to Coinbase.com/join. Also, if you use my referral link Here you will be able to get $10 worth of bitcoin free and so will I.

Once you create a Coinbase account you will be able to login to GDAX with that account.

Conclusion on Everything – Should You Use GDAX?

GDAX is my go to exchange when buying into cryptocurrency with USD or when selling back into USD. It doesn’t get any better in my opinion because they are very trustworthy and have low fees. Of course in the world of cryptocurrency there is always some risk involve, such as potential hacking, etc… but GDAX seems to be very well managed and is a very professional trading environment.

I definitely do recommend GDAX. Coinbase I also recommend but mostly for newbies who aren’t looking to purchase all that much.. just because of the fees they have. If you are buying or selling large quantities to or from USD (or EUR) then GDAX is a great choice.

If you have any questions or comments be sure to leave them in the comment section below and I’ll get back to you soon 🙂

Cryptocurrency

Is Crypterium a Scam? – What You Should Know

Crypterium claims to be the future of banking and the JP Morgan of cryptobanks. But is all the hype surrounding it true? Or is Crypterium a scam like the many other opportunities that seem to be popping up all the time?

One things is for sure… in cryptoworld you can never be too careful with . Its very important to do a little research on the different opportunities that exist before getting involved. The goal here today is for me to help you with the process. In this review I’ll be going over what exactly Crypterium is, how it works, the tokens it offers & whether you should buy them, and the team behind it all.

Crypterium Review

Ok, so supposedly Crypterium is the JP Morgan of cryptobanks but what exactly does this mean? Well.. it doesn’t mean much. They are just making this claim to hype themselves up and basically say that they are the best.

The truth is that Crypterium is still very new. Its just starting out so we don’t really know how well it will perform. What I will say though is that they are set out to do big things and if they can deliver what they want to its going to be pretty great.

So What Does Crypterium Provide?

Crypterium offers a platform for lending where you can get anonymous loans, they offer a way to make contactless payments, but their “claim to fame” is their virtual Crypterium card (basically an app you can use on your smartphone), which is what most people will be using this for.

With Crypterium’s virtual card you are able to make payments in any cryptocurrency at over 42 million places (online and offline) around the world. You are able to use your virtual Crypterium card anywhere that accepts Visa, Mastercard, or Union Pay. Most people that hold cryptocurrencies are just holding them with the hopes of cashing them in for fiat money one day. Most cryptocurrencies you can’t really even use all that much…. but what if you could? That is where Crypterium comes in.

You are able to get use the Crypterium app on your phone to use your virtual card. They use NFC protocol with Apple Pay, Samsung Pay, and Android Pay.

Merchants will also be able to benefit from Cryperium. They will be able to accept payments in all cryptocurrencies and then have it exchanged for fiat currency at the lowest rate.

The Crypterium Tokens? Should You Go Out and Buy a Ton?

The tokens that Crypterium offers are what powers their platform. They are ERC-20 complaint which means that you can store them in Ethereum wallets such as MyEtherWallet, which is safe and convenient.

There are different ways that they can be used such as for getting loans through the loan services that they offer. However, many people will probably just hold onto tokens because you can use them as “gas” and get rewarded in CRPT from the user transactions that occur on a monthly basis.

So should you invest? This is something that you will have to answer. I think this could really grow and if this happens then tokens are going to go up in value, which is what every investor wants.

A Look at The Team Behind Crypterium

Its always important to take a look at the people behind projects like this to make sure its legit or not. As far as Crypterium goes, they have a decent sized team, all of which you can look at and view profiles for on Linkedin. They have people with experience in cryptos, experience in FinTech, and other areas but there is no one that really stands out and has an amazing track record.

But of course just because there are no stellar members on the team doesn’t discredit what they are doing. After all, Bitcoin’s founder is someone (or group of people) that we still don’t know the identity of.

So I don’t really know what to think here. There are so many scams out there and its hard to trust places.

The Future of Crypterium

Of course only time will tell how successful this becomes but as far as I see it they are set out to do big things and this could become a massive business.

They are focused on providing a very much needed service that the everyday crypto holder can make good use of as well as merchants. Just think about it? You could go shopping and use your phone to pay for something with any cryptocurrency that you may have… and merchants will be able to accept any cryptocurrency and have it automatically exchanged for fiat money.

Conclusion

I’m not going to tell you to invest or give you any sort of advice like this but I will say that I don’t think this is a scam.

I know you have to be careful with all the cryptoscams like EthConnect & Crypto Money Maker going around, but this doesn’t seem like one.

I really hope that things do go as good as they seem they could. It will be nice to be able to use cryptos easier, which will also bring a lot more newcomers into the crypto space.

However, I’m hesitant to invest in this. I do think its over-hyped for how early on it is and I don’t trust the team behind it 100%.

Anyways… that’s it for this short review. I hope you enjoyed and if you have any comments or questions be sure to leave them below…

Also, if you are just looking into this for the investment opportunity then you might also be interested in this program which I use to make a living online.

Cryptocurrency

How to Buy Factom Coin (aka Factoids) – How I Do It

Factom is one of the projects out there that seems to have a bright future… and because of this Factoids (what “Factom coins” are called) may turn out to be a very good investment… which has you asking the question of how to buy Factom coin. In this short post I’ll go over not only how to buy it, but also how to store it and keep it safe if you are going to be keeping it for the long term.

There is a lot of good information out there on Factom, which is why I myself invested in the concurrency a while back. What the team behind this project is doing is truly good. Factom’s goal is to provide secure data storage on the blockchain…. which means safe record keeping. This is a big deal. Imagine having all your records… medical, financial, educational, etc, secured on a blockchain that will never get changed. I guess it could be bad if you don’t want people seeing your records… but overall its a good thing.

The cryptocurrency of Factom, which are called Factoids, are what allow people to enter data on the platform. They are used to secure the data by linking them to the Bitcoin blockchain. I really don’t know the specifics of how this all works but I do know it works and places are adopting this technology… and of course the more people that adopt it and use it means the higher the price of Factoids go.

But anyways… let me get to the point of this articles which will show you how to buy Factoids. These aren’t as easy to buy as Bitcoin, Ethereum, or Litecoin, but the process is still easy to go through. However, the first thing I want to go over is setting up your Factom wallet. This is important if to keep your Factoids safely stored.

Getting Your Factom Wallet Set Up

You can read everything you need to know about setting up your Factom wallet at docs.Factom.com but I’ll go over it briefly.

The first thing you will have to do is download the installer for the official Factom Enterprise wallet from Github. Then you will run the installer and the process of getting that installed is pretty straight forward.

When you first open the wallet you will have the ability to choose a secure encrypted wallet or a not secure unencrypted wallet. Of course the better choice is to choose the secure one and set up a password for it. After going through this it will take a while to actually be usable. The reason is because it has to gather all the new transactions. This could take a while.

The wallet is pretty simple to use. Its basic but it does the job. You have your Address Book, Settings, Transactions… everything you need.

At the end of this when you go to send your newly bought Factoids to this wallet you will have to click on that + symbol at the bottom right which will allow you to send or receive.

But anyways… now onto the actual buying of Factoids. I suggest that you start getting your wallet set up and then you can start the process of buying Factoids as you are waiting on that to complete.

Buying Factoids

Step 1: You are Going to Need Bitcoin

Yes you will need bitcoin because we are then going to exchange this bitcoin for factoids. So if you have bitcoin you are good to go but if you don’t then you will need to buy some.

Where should you buy Bitcoin? The easiest and safest way to go about it is buying through Coinbase, which is a US based exchange that allows you to purchase bitcoin with your credit/debit card.

The first thing you will have to do is create a Coinbase account which doesn’t take all that long. You can go to Coinbase.com/join to do this.

After that you will have to set up your payment method. To do this go into settings, click on linked accounts and click on link a new account.

You can link a credit/debit card, a bank account, or you can even set up a wire transfer. Credit/debit cards are the quickest and will allow you to get bitcoin instantly but they also charge higher fees.

After you link an account you will have to go through a short verification process to show ownership over it.

Step 2: Buy Bitcoin

Now that you have your account ready you can purchase bitcoin. Go to buy/sell, click on Bitcoin and enter in how much you want to buy.

Its pretty simple.

Step 3: Move Bitcoin to an Exchange

Now its time to move your bitcoin over to an exchange. But before you can do this you will have to open up another account on an exchange. I would recommend using Bittrex. There are lots of exchanges out there but Bittrex is a trustworthy one that does have Factom listed.

So you will have to go to Bittrex.com to do this.

After that is all completed its time to deposit your bitcoin, which you will do by going into your wallets, finding your BTC wallet, and getting its address by clicking on the + symbol…

When you click the + symbol your wallet address will pop up which you can copy. Then you will have to head on over to Coinbase. At Coinbase you can send your bitcoin by going to Accounts and clicking on Send below your bitcoin wallet.

There will be a spot for you to enter in the address you just copied from Bittrex.

Step 4: Exchange Bitcoin for Factom

To do this you will first have to search for FCT (factom) in the bitcoin markets on Bittrex and click on the link that will take you to the trading page.

On the trading page you will have to scroll down a bit until you see this area to buy Factom. What you are going to want to do is first set a price that you are going to pay. Its a ration or FCT/BTC. I suggest choosing “Last” because it will just automatically set the price right at where its trading at that point in time, which means your order will get filled right away.

Then below that at the bottom you will enter in the total amount of BTC you are going to spend. The amount of FCT you will get at the top will be filled automatically…

Sending Your Factom to Your Wallet

Now its time to store those Factoids away in your wallet for safe keeping. To do this you will click on the + symbol down in the bottom right corner of the wallet, was I mentioned at the beginning of this post. You will them be able to click on Receive and it will give you your wallet address that you can send the Factoids to.

So now you will have to go to your FCT wallet in Bittrex, just as you did going to your BTC wallet a little bit ago. Just this time click on the – symbol, which will allow you to send your funds to another destination, in this case send your factoids to your wallet. Just paste in your wallet address, enter how much you want to send and you are good to go.

I would advise sending a very small amount for the first transaction just to make sure everything goes through. You will have to likely wait a bit for the factom to end up in your wallet even if everything is working properly.

Summary of Everything

Set Up Your Factom Enterprise Wallet
Buy Bitcoins from Coinbase if you haven’t got any (you can use my referral link here Coinbase.com/join to get $10 of BTC free in your account)
Move bitcoin to Bittrex & exchange it for Factom
Move Factom to wallet

If you have any questions or comments about this process let me know in the comment section below. I’ll get back to you soon on anything.

Cryptocurrency

Coinigy Review – Read Before Buying

Coinigy is a cryptocurrency trading platform that you can use to make trading a bit more easy and organized for yourself. But is it worth the price? And what are the upsides/downsides to it? These are all questions that need answered before you go out and decided whether or not you should use it.

In this Coinigy review I’ll be going over all that you need to know (well all that I think you need to know). I’ll be going over how it all works, whats nice about it, some of the problems it has and more.

Coinigy Review

As stated, Coinigy is a crypto trading platform. However, don’t get this confused with a trading exchange itself… like Bitrrex or Binance. When you trade on Coinigy you aren’t actually trading on Coinigy… I know this sounds strange but it isn’t. You see Coinigy is just a trading platform that you can hook up to your trading accounts at exchanges like Bittrex, Binance, HitBTC, Kraken, etc.

Its nice because you can trade from all of your exchange accounts right on one platform. This makes it easier to keep things organized and besides this there are some other upsides to using this platform, which I will go over first.

What’s Nice

Coinigy uses your standard price charts that you will see for any sort of financial trading…

And when it comes to charts Coinigy is as good as it gets. You can do just about anything you can think of with this chart. You can choose any candle size from 1 minute to 1 month, you can put the entire chart in line format if you don’t like candles, you can zoom in, you can zoom out, you can lengthen/shorten the price range on the y-axis… you can do all sorts of things.

They have just about every indicator out there that you can use to help predict whats going to happen in the market. If you are looking to use Bollinger Bands, RSI, Moving Averages, MACD, etc… they have it. Right now they have close to 100 different indicators that you can use.

You can also draw directly on the charts which gives you somewhat of an advantage. You can go through drawing things and they will stay on the chart even when you leave to view another chart or something like that. This can help you remember things that you might want to take a second look at later, .. things like this. You can also easily erase drawings if you are finished with them.

Whats also nice about the visuals they give you is that you can see your buys/sells right on the chart. If you look above you can see red and green arrows… these are buys (green) and sells (red) on a trade a made with Ethereum. This is a lot easier than looking at a bunch of numbers and trying to figure everything out.

And besides the charts you can also look at the order book right there on Coinigy to try to predict where the price might go.

Alerts, Buys/Sells

Coinigy makes alerts easy. You can set alerts anywhere on the chart. You can drag your alert to any price point and you will be notified when it goes below or above it. You can choose to receive alerts via text and/or email which is nice and convenient.

The buys/sells are similar. You can drag them around the chart to anywhere, or you can just type in the exact price. You will also receive alerts when a buy/sell goes through. You also have the ability to place stop limits if the exchange you are trading through allows it. This way you can place a trade, go to sleep, and not worry about losing tons of money.

Organization

As I said earlier, you can connect a bunch of different exchange accounts to Coinigy and trade all from here. Not every exchange works with it but many do and allow you to hook them up through API keys.

Support

I almost forgot to talk about the support. Coinigy offers great support and this is something that you probably wouldn’t expect. Most newer age companies offer horrible support and its like you have to figure out everything for yourself.

Coinigy is great. You can submit a ticket about any problem to them and they get back to you pretty quick (I’d say no longer than a couple days at most, usually much faster).

You Can Go to Coinigy.com To Start a Free Trial

The Downsides

Coinigy is great but its not perfect. They do have a fair share of problems, most of which I think will hopefully be worked out as time goes on.

Not Every Exchange Is Supported

You can look at the different charts on just about every exchange but not every exchange allows you to trade through Coinigy. This can be a pain. I know they are still working on getting full functionality trading with more and more exchanges so this will be interesting to see where this ends up.

Buys/Sells Not Showing Up

There are times when Coinigy is a big laggy. Sometimes you will place buys/sells through Coinigy, they will go through, yet they will not show up as having went through on Coinigy. So what I have to do sometimes is go to the actual exchange, Bittrex for example, and check on my buy/sell. Then come on back over to Coinigy and refresh the page (which sometimes works).

Going along with this sometimes the buy/sell arrows will not appear on the charts, which is also annoying.

This is all bad, annoying, and a pain… but I’m honestly now worried about it. Coinigy is making updates all the time and a small technical issue like this is nothing. I have seen improvements on certain things like this recently too which is nice.

Worth The Price?

Honestly I think it is worth the price if you are a seasoned veteran trader or new to it all. I actually started with Coinigy when I just started trading crypos and I think it makes the whole process a bit easier. Sure there are some downsides to it that I just went over, but I only see this platform getting better as time goes on. And even with these little problems I would still say its worth the price.

Right now the price ranges anywhere from $19.99/mo to $15.42/mo depending on how often you choose to pay…

And here is a list they give you of everything you are getting…

They are also offering a free trial right now that you can sign up for here. I’m not sure if this is something they will always offer or not.

If you have any questions about anything let me know in the comment section below. I’ll get back to you soon. There is a lot that I couldn’t cover here.

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