So, what is a Bitfly? At this time, cryptocurrency mining is trending, and there are different communities that are into crypto mining. So, Bitfly is a blockchain technology firm that offers two main products. There are so many different blockchain technology companies around the world, and Bitfly is one of them.
Bitfly and Products
There are two main products of the company. The first one is a web browser. The web browser is focused on blockchain, but what will a person do with this web browser? The main work of the browser is to navigate the data about cryptocurrency. With the help of this web browser, you can be updated with any new data about cryptocurrency.
The second product is a tool that will allow users to participate in a mining pool and staking cryptocurrency. There are other things that the tool does like will safeguard your blockchain and generating other currencies. When it comes to mining and cryptocurrency, the most important thing is security. And Bitfly is well-known for its safe and secure platform.
Bitfly and Security
One of the best things about this platform is that it uses different measures to ensure security. The platform uses DDoS protection, and it is Cloudflare’s protection. But there are a few things you should know before using Cloudflare. Bitfly has been using a hosting provider. And it was used for security.
But after a time, the service was shut down, and there were some issues with the web browser. Because of that, DDoS threats were coming, and for that reason, users changed the service to Cloudflare.
Bitfly: Reasons to Use
But what are the reasons for using this platform for mining cryptocurrency? Here are some main reasons that users are shifting to the platform.
The number one reason is if you want to use this platform for mining, then there is no fee that you need to pay. With zero fees, the platform is already famous in the crypto community. From first-time miners to pro miners, it is a benefit that a platform is not chargeable, so even if there is little profit because there is no fee, the profit margin will be significant. Also, there is no transaction fee.
2. User Interface
Signing up, registering, participating in a pool, and then start mining- easy or complex? It may look like a complex process, but with the help of this platform, the user interface is so easy. Anyone with a little technical sense can use this platform easily. Also, the website is so simple to use that navigating is easy.
This platform is one of the safest and most secure mining platforms that have a license to operate its exchange platform from Japan, the US, and the EU. Bitfly follows the highest security standards that the industry is currently using. And the credibility will increase with the information that there is not a single hacking incident in the last 7 years. And all the data is stored in cold storage, so you don’t need to worry about breaching data.
4. Minimum Investment
What cryptocurrency do you want to mine? On this platform, you can mine Bitcoin, Ethereum, Litecoin, and so many other cryptocurrencies. This is not the only fun part, the fun begins with the fact that you can invest only a dollar. So if you are short on money, then no need to worry. Invest $1, and with the profit, you can invest that later.
First, take a look at the numbers. There are more than $180 billion of transactions around the world, so if that large amount is transacted, then you can believe the platform. There are more than 3 million users, so if those people can trust you, you can too. Right now, the asset under custody is %5 billion, so there is a huge opportunity to make a lot of profit. And there is a crypto enthusiast community, who all are supporting and backing the project.
One of the most attractive factors about Bitfly is that there is a referral program. If you are able to refer to a friend or family member, then you will be awarded $15. But the only catch is that when your friend will successfully trades more than $100, and then the amount will be reflected in your account.
Bitfly Mining Pool
Recently there has been a threat coming when a miner is trying to participate in a mining pool. So the thing is, when you are participating in a pool, the chance of getting a higher profit is more likely to come. And this is not theoretical, this is why the mining pool was introduced. So the platform’s main focus is to create a safe and secure mining pool where miners can join with safety and security.
Bitfly: How to Start Mining?
To start mining on this platform, there is a couple of things that you need to do at the start. Here is a small guide that you need to follow, it is for a better understanding.
- First, you need to open your browser and type “bitflyer.com/en-us/,” and open the link.
- Now, you can see “Create an Account” in the upper right corner, click on that.
- There you need to sign up for a new account and to do that, you also need to give your valid email address.
- There will be a verification link come in your email, you need to click on that to verify your account.
- So, you have opened an account. Now it is time to unlock all functionalities. There are a couple of processes that you need to follow, and the process will take around 5 minutes to complete.
- Now it is time to deposit or fund your account. You can start that with only one dollar, as I mentioned earlier. Also, you can start trading within minutes after you successfully deposit the amount.
First of all, the fees are lowest if you compare with another platform, then there is pragmatic trading, the global liquidity is really high, and there are other benefits too. So, if you want to start mining and join a pool, let’s leave that to make a significant amount of profit. Then this is the platform that you should rely on.
Please let us know in the comment section below if you have anything to ask.