FAQs and Facts

Is your bank is holding or rejecting your crypto purchase transactions?

The Crypto market is a disruptive industry, a market that didn't exist as of 2010 and even considered baseless as recently as 2018. Bitcoin and cryptocurrencies will disrupt the financial and banking industries. Knowing this, until Bitcoin and cryptocurrencies are completely mainstream and adopted by the major financial institutions, resistance from the banks have been a common experience from new users when they begin transferring funds from their bank to Cryptocurrency. It has been reported that, depending on the institution, holds on transfers or rejections from buying Crypto with a Credit Card have been quite common. E-transfers have been the most effective way to prevent this, and ShakePay and Newton both allow for e-transfers. Although Newton's e-transfers have been reported to be held, because the funds are cash in your account, it has also been reported, a call to your financial institution will allow the transaction to go through.

Is Cryptocurrency Bitcoin? Is Bitcoin Cryptocurrency? What are alt coins?

Bitcoin is A cryptocurrency. Bitcoin is one of many cryptocurrencies. Bitcoin is the first and original of the cryptocurrencies and is considered the grandfather of them all. When the technological advancement of Bitcoin opened our eyes to the possibilities, other cryptocurrencies began to follow. Forks of bitcoin (other versions, i.e. Bitcoin Cash) came out with improvements but still holding the basic premise of the original code. Alt coins take the idea or premise of what bitcoin does but recodes it and changes the "how" completely, Ethereum (ETH) is the first to do this. As such, Bitcoin and Ethereum is now seen as the "Blue Chip" cryptocurrencies of today. But as with any market or industry, projects and technologies come along to challenge, replace or improve the current. Hence Alt (or Alternative) coins, each coin represents a project that is set out to improve and/or be the "next big thing". So in a very simplified way, the coins or tokens are the stock of the project, and if you believe in a project and what they stand for you would probably want to take part in it's success by investing in it.