CoinBag: Solving the crisis and deeply interpreting the safe haven of digital currency

As a controversial and valuable currency that has emerged in recent years, digital currency has caused a stir around the world. Looking at the attitudes of countries around the world towards digital currency, they are also different. First of all, China, because the government has always played a leading and pillar role in market regulation, a conservative and stable economic strategy must be the right path in history, so digital currency, a giant that has not yet matured, must be difficult to exert its strength in China. On the other hand, Japan and South Korea, both Asian economic powers, have completely different attitudes. South Korea actively supports digital currency and vigorously develops the cryptocurrency economy and blockchain technology. Japan is even worse, directly issuing licenses to domestic exchanges, as if begging for a seat, "Brother, please sit down."

Countries in Europe, America, Australia and other regions are relatively mature and neither support nor oppose it, and have started a regulatory model.

In summary, in my opinion, the circulation and development trend of digital currency cannot be stopped by anyone or any country. Improving supervision is the ultimate solution. The only difference is whether to be strict first and then loosen or loosen first and then be strict. As participants in digital currency, what we should be most concerned about is the disadvantage of digital currency itself - risk. How to minimize the risk of digital currency and how to take risk response measures are the issues that every participant should think about.

Speaking of risks, we have to mention the recent emergence of Bibao Wallet in China, which has done a great job in risk protection of digital currencies. It is understood that Mr. Wu Yu, the founder of Bibao Wallet, is a well-known figure in my country's Bitcoin circle and a senior blockchain expert. He has repeatedly predicted the industry development of digital currencies such as Bitcoin, Litecoin, and Ethereum, thus attracting a large number of loyal digital currency investors to follow him.

So what security measures does Bibao (www.bao.top) have that have attracted much attention in the industry?

1. Coin wallet: supports secured transactions on both web and APP ports.

Since China now restricts the trading of digital currencies such as Bitcoin, this has caused a serious reputation impact on the mutual transfer of digital currencies. Because this is only a one-way digital currency transfer, there is no way to know online whether the two parties actually pay each other back offline or whether the transaction purpose is completed. Therefore, Bibao introduced a "guaranteed transaction system". Only after the digital currency transferor confirms receipt or receives the money, and clicks to confirm the send, the other party can receive the digital currency, and there is no time limit, which fundamentally better guarantees the safety of investors' interests.

Secondly, Bibao implements unlimited guarantee. No matter whether you transfer 0.1 virtual currency or 100,000 virtual currency, Bibao will provide full guarantee and carefully prepare and back up each transfer information. If a transfer conflict occurs, Bibao will arbitrate based on the transfer information as soon as possible and provide litigation evidence when necessary.

Finally, Bibao’s guaranteed transactions do not charge any fees, and it also supports guaranteed transactions on both the web page and the APP, which is second to none in China. Because other digital wallets only support APP guaranteed transactions, this has hindered the convenience and security that transfers should have to a certain extent.

2. Bank-level security system, CoinBall focuses on the world

Since its launch, Bibao has positioned itself as "providing the most secure, convenient and efficient storage and transfer services for global digital currency investors". To this end, Bibao started with the most basic website system, inviting well-known foreign blockchain technology experts to provide guidance for Bibao's security system. At the same time, the direct developers and maintainers of Bibao's system are all senior domestic technical experts and technical practitioners in the blockchain industry for many years.

3. Coin wallets lead the industry in multiple attributes

The editor also learned that the reason why Bibao has attracted the favor of many digital currency investors in just a few months after its launch is not only due to the industry appeal of Mr. Wu Yu, the founder of Bibao, but also closely related to Bibao's services. For example, Bibao does not charge any fees for storage and transfers. Bibao also supports five digital currencies: Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and Dash. It is currently the wallet in China that supports the most currencies, which greatly alleviates the storage and transfer problems of digital currency investors.

The wind is blowing from the east! The misty river is about to turn into a turbulent ocean. But here it is quiet, stable, waiting for the weather to clear up before setting sail again!