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Skraps: Investing in Crypto When Money is Tight

If you’ve been following cryptocurrency, you will know that it has quickly become the best-performing asset class of all time, spectacularly outstripping the stock market and other traditional investment methods.

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Indeed, even when Bitcoin’s recent dip is examined, having dropped below $7,000 in value, the asset had still not reached a 200-day low – and not every cryptocurrency in the industry was affected.

This poses a question for the average person – the individual wishing to invest in cryptocurrencies yet not having the knowledge or financial ability to do so: How can I get involved when money is tight?

If you are hoping to benefit from cryptocurrency’s profit margins, but feeling at a loss as to where to begin, the following is a dedicated message just for you.

You may have missed Bitcoin’s spectacular rise from $1 to $100, and then from $1,000 to $20,000 just last year, but the best part of cryptocurrency is far from over. In fact, it is just beginning, and there are hundreds of new digital currencies with incredible growth and positive prospects for the future.

To get involved, you don’t need to have hundreds of dollars set aside. You don’t need to be a financial expert. It is not impossible. You can still invest profitably in cryptocurrency, and this can all be done through a modern twist on the traditional micro-investing platform.

And it’s called Skraps.

What is Skraps?

Skraps is asoon to be released mobile application that will revolutionize the crypto investing world by making the market accessible to anyone. Once downloaded, the you can link Skraps to your bank cards, and each time you pay with them, the transaction will be rounded up and the balance sent to Skraps.

The spare change left over from your card purchases will be invested in your chosen cryptocurrency portfolios, allowing you to select the degree of risk you are comfortable being exposed to.

Off course, the massive profit potential of the cryptocurrency market is not without risk, but Skraps works to balance out the volatility by diversifying your portfolio across a wide number of cryptocurrencies.

Remember, the majority of cryptocurrencies are independent from one another. One might shoot up in value while another remains constant, and a third goes through a dip. Through spreading your investment across different cryptocurrencies, and since the overall trend is positive for the vast majority of the time, you will find yourself making a profit far more often than not.

Why Use Skraps?

A recent Bankrate study found that less than half of Americans aged 30+ save even 5 percent of their annual salaries. Many people don’t think they can afford to save, so most don’t even try.

The beauty of Skraps is that there is no minimum investment amount, allowing anyone at all to save and invest whatever they can afford to part with. Through putting away just a few cents every time you use your card, you are slowly building your investment legacy, one transaction at a time.

Skraps lets you put away amounts so small they’re not even missed, forming what can be considered an entirely passive investment. You may find yourself pleasantly surprised when you open the app and discover how much your spare change has grown.

When Can I Get Skraps?

Skraps is currently in its token sale, and the platform’s development is well under way. The first version of the app will be released to the public as early as April 2018, at which time you will be able to download it and begin investing your spare change.

However, if you would like to get involved and be a part of Skraps’ growth, you can join in the token sale here and purchase SKPR tokens at a reduced rate. These tokens will later be used in the platform, and you will also be able to trade them on exchange after the token sale.

Until then, feel welcome to chat to the team on the official Telegram channel, and get all your questions answered before you start using the app.

Skraps – making cryptocurrency investing accessible to anyone.

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Police Arrest Four Ukrainians for Running Fake Cryptocurrency Exchanges

Law enforcement in Ukraine has arrested four young men who were running at least six fake cryptocurrency exchanges. The cryptocurrency sphere is an exciting space, and many people are eager to begin buying and selling virtual currencies. However, such an influx of money and inexperienced newcomers also bring out the criminal element, seeking to gain funds at the expense of those new to the space. Scams abound, but police in Ukraine have done their part by arresting some individuals who ran a number of fake cryptocurrency exchanges. Using Programming Skills to Set up Scams In the city of Dnipro, Ukraine, police announced that they had arrested four men between the ages of 20 and 26. The quartet had set up a number of fake cryptocurrency exchanges. Police know of six fake exchanges that they operated, but there is a definite possibility that there may be more. The six fake exchanges include: moneycraft.info, wowex.online, swapex.net, myexchanger.lv, iconvex.net, and likechange.biz. Police say that the criminals had “special knowledge and skills in the field of programming” and “have created their own CMS-system for managing the content of exchange sites.” Unsure of Amount Stolen Police are asking those who were scammed by the fake cryptocurrency exchanges to come forward and file complaints. As of now, law enforcement does not know exactly how much the four men were able to steal from their victims. Police may be able to glean such information from the equipment that was seized during the arrests. It was reported that flash drives, computers, smartphones, and other equipment were confiscated when police raided the homes of the four men. The reality is that crime and scams are rampant in the cryptocurrency sphere. One should always do due diligence before spending any money. The world of virtual currencies is still akin to that of the Wild West, which means that danger is just as close as excitement and opportunity. Have you ever been scammed by a fake exchange, wallet, or ICO? Let us know in the comments below. Images courtesy of Shutterstock. The post Police Arrest Four Ukrainians for Running Fake Cryptocurrency Exchanges appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

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