And today MAG Token, just like BIZZNERD Token, is a Stellar token, which you can store on any Stellar-compatible wallet.

Approximated circulating coin supply will be around 50-60 million MAG.

You can add MAG using any SDEX exchanges or Stellar wallets, but official MAG partners are Stellarport and Litemint.

MAG is staking token

Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network.

HOLD MAG to receive automatic stake rewards.

What is Litemint?

Litemint is a friendly Stellar Wallet and trading platform at the same time, providing access to all currencies and trade opportunities on the Stellar Network. Magnet uses Litemint as a web/mobile wallet solution for MAG.

All app purchases (a gamer buying in-game coins) inside Litemint are converted to MAG trades on the DEX.

What is Magnet Market?

Magnet market is a digital marketplace powered by the MAG token on Stellar Blockchain.

Using Litemint app users can sell or buy digital assets.

At its core, Magnet and Litemint aim to leverage the wide Stellar ecosystem by providing accessible, far-reaching products and rich integrated services to all users without locking them into the centralization snare.

The team behind MAGNET project

The company behind MAGNET project is MAGNET INVEST OÜ and founder is Janno “R0land” Vainikk. Because Magnet Network and Litemint are so closely connected, we are convinced that behind the project are Ishai Strauss and Frederic Rezeau (founders of Litemint and Stellarport) as well.

Our conclusion

I think that Magnet network is a great project with huge potential. We highly recommend staking MAG tokens while the market price is good. But remember that MAG ICO is not officially released yet, so be careful and buy or trade on your own risk.

The post Magnet Market and MAG Token Overview appeared first on Bizznerd.

Enabling the Keybase wallet to hold assets in addition to Stellar Lumen.

This tutorial shows, in simple steps, how to add a trustline to the Keybase wallet using the tools provided by the Stellar website.

Why add trustlines to the Keybase wallet?

The wallet built into the Keybase app holds Stellar Lumens (XLM). To hold other assets in the wallet, it is necessary to add a trustline for that asset. Other assets may include other crypto currencies, such as Ethereum (ETC) and Bitcoin (BTC). Also included in other assets can be fiat currencies such as EUR and USD, using asset tokens.

The Stellar Consensus Protocol allows tokens for any asset which can be bought, sold, and owned. Something as global as gold and silver, or something as local as BerkShares. Once a trustline is established for them, the tokens representing that asset can be held in your Keybase wallet.

The built-in system and its limitations

The wallet in the Keybase app has the ability to add trustlines to the account built in. Unfortunately, for an emerging, or unknown asset, adding a trustline is not always possible using that option. The main Stellar website has a tool to accomplish this, as long as someone has issued a token on the Stellar Consensus Protocol to represent that asset.

Security Warning

Using the tools on the Stellar website requires you to enter your Keybase wallet’s secret key. With the Keybase wallet, or any other wallet, you are the bank. All the crypto value of your wallet is locked behind the secret keys of that wallet. Protect that secret key like you would the keys to a vault.

There are some simple things you can do to help keep your secret key secret in this process.

• Do not have anyone watching over your shoulder or viewing your screen/li>
• Verify, twice, that the Stellar site is using HTTPS
• Use the private, or incognito, mode for your browser
• Open exactly one tab and close the browser once you are done
• Use the built in “copy-to-clipboard” button in Keybase or copy paste commands if you are using other wallets rather than trying to retype the secret key

What we will be doing

In this tutorial we will be adding our token BIZZNERD

Asset name: BIZZNERD
Issuer address: GCQNVHELB3XKDBGXVWFUY2BAD5GEDGODE2SERS7R73LBXE2724PFFZAG

Any asset or token listed with Stellar can be added using this method, including ones which can be added using the built in controls of the Keybase wallet.

How to add a trustline?

You will need to have both your web browser, and your Keybase app open. It is easier to do this using the desktop version of the app. It is possible to use the mobile version of the app as well, just not as easy to manage the multiple windows needed.

Build the transaction to add a trustline

Connect to the Stellar public network in Transaction Builder

Stellar provides a set of pages, called the “Laboratory” for dealing with the network without an additional program. There are two networks, testing and public. The testing network allows developers to try different things without creating real transactions on the ledger. The public network is the “real” network, were everything goes into the ledger, and becomes a part of the record. The Transaction Builder is the tool where we need to begin.

Open the browser in a private window and go to the address https://stellar.org/laboratory.

Check that your browser indicates that it is a secure site, usually a lock icon in the address bar.
Look for the lock icon, often green, in the address bar.
If not STOP! Find out why your connection is not secure and try again.

Do not continue without a secure, HTTPS, session!

Check the top right corner of the web page to be sure you are not on the test network.

If you are, then click on the “Public” button to switch to the live system.

Click the link to the “Transaction Builder”

Next we have to gather the information about the transaction we want to build and enter it into the form provided.

Enter your Stellar Address

Adding a trustline to your wallet has to be connected to your Stellar address. That address has to be entered into the form.

Just copy paste your Wallet address, and if you are using Keybase app follow these steps.

Switch to the Keybase app and open your wallet.

In the right corner of your wallet you will find setting options.Click that to open the setting for the wallet, which includes the public and secret keys for your account.

Click on the clipboard icon next to the box with your Stellar Address. This will automatically copy your Stellar address to the clipboard.

Return to the Transaction Builder in your browser.

Fill out the “Source Account” field

Paste the just copied address in the Source account field.

Generate a sequence number

Every transaction on the Stellar network must have a sequence number. The sequence number is associated with the account, and should always be 1 greater than the current number. Knowing what that number is, when many things can affect it, is impractical for most people. The Transaction Builder can look up the current sequence number and automatically fill in the new value for you. In next step just press link “Fetch next sequence number for account starting with …”.

Enter the information about the trustline to create

Find the “Operation Type” field, and click on the “Select operation type” dropdown.

Select “Change Trust” from the dropdown. Do not get this confused with the “Allow Trust” which is a different thing.
New fields are added to the Transaction Builder form based on the operation type selected. The Change Trust operation requires information about the asset to be trusted. Asset names can be long, or short, with the long version having a limit of 12 characters and the short version having a limit of 4 characters.

The asset selected for this tutorial, BIZZNERD, obviously will not fit in a 4 character field, so we need to select the “Alphanumeric 12” button.

Click on the “Alphanumeric 12” button

In the Asset Code text box, enter the code for the asset, BIZZNERD for this tutorial.
In the Issuer Account ID text box, enter the account number for the asset, GCQNVHELB3XKDBGXVWFUY2BAD5GEDGODE2SERS7R73LBXE2724PFFZAG for this tutorial.
Add finally enter the asset Issuer Account ID.

The Asset information should now look like this.

The other two fields, Trust Limit and Source Account, remain blank.

Set the time bounds

The transaction we are building can be set to happen at a specific time, and can be set to expire at a later time. The later upper bound is not when an offer, or some other transaction is cancelled, it is when this operation is no longer valid. If, for some reason, there is enough network traffic that this transaction is not executed within the upper limit set, it will simply not be executed and never be added to the ledger.
When adding a trustline, this may not be so important, but for other operation types it could be significant. As a standard habit to develop, we can set an upper time bound now anyway. It has even been made real simple, by adding a button to set the time to 5 minutes from now. Even though this is a tutorial, and could be slow to work through, it should be done in 5 minutes or less, so click the handy button to “Set to 5 minutes from now.”

Sign and submit the transaction

At this point the transaction has been successfully created.

The Transaction builder says that the transaction still needs to be signed before it can become part of the ledger.

Load the Transaction Signer page

After building a transaction, the next step is to sign the transaction. There is even a handy button to take us to the Transaction Signer page. Click the button “Sign in Transaction Signer” and the next web page is ready to use.

Sign with your Wallet Secret Key

Go to your wallet and copy your secret key. Keybase and other wallet gives you an additional reminder about the importance of your secret key. That is really important that you check everything, before adding any trustline. Once someone has your secret key can do whatever he wants with all your assets on Stellar Blockchain.

Return to the Trasaction Signer page in your browser. Double check, one more time, that it is a secure connection. This is the last chance to protect your secret key.

Paste your secret key into the Add Signer box. You only need to do it once.

Submit the transaction to the ledger

The transaction is now signed, and ready for the next step.

Now click the Submit to Post Transaction endpoint button.
The last chance for backing out is now. Click the Submit button and the transaction will be submitted to the ledger.

Each trustline added to the account requires a 0.5 XLM reserve. If your account does not have that much extra available, the transaction will be denied.

Conclusion

The same process can be used to add any asset tokens available on the Stellar network, as long as you know their Asset Code, and the Issuer Account ID.

Rember, only do this process when you must. There are rare occasions when you need to that or if you are issuing token or adding some asset that you fully trust.

You can always add trustline via Keybase, StellarPort, StellarX or some other Wallet apps like Lobster.

We used our asset BizzNerd as an example, but if you want to add it to your trustlines, use Keybase or Stellarport instead.

Eager to stay in the loop?

Subscribe to the BizzNerd newsletter! and join our team on Keybase.  We are giving all new members 1.5 XLM as a welcome gift.

If you want to find out more info about Keybase app read “Keybase App Tutorial“.

The post Adding Trustlines to the Keybase Wallet appeared first on Bizznerd.

You can use your currency wallet, or transfer in new ones, to buy and sell. In addition to Bitcoin, Coinbase currently supports Bitcoin Cash, Ethereum, Litecoin, Ethereum Classic, 0x, Basic Attention Token, Zcash, Ripple and Stellar Lumens.

Wit you using Coinbase platform you can convert your Bitcoins in dollars or euros and thus avoid decreases or increases in market value. When changing it only a small commission is reflected. In addition, you can send your money to a bank or to your PayPal account.

Creating a Coinbase account is as easy as 1,2,3 !

Go to Coinbase.com to create your wallet. Click on the “Sign Up” button and a screen will be presented where you will need to enter your first/last name, email address, and password. Accept the “User Agreement” and “Privacy Policy” and click the “Create Account” button.

Afterwards, access your email and follow the verification link. On the next screen you’ll need to enter a phone number to verify your account. Select your country and add your phone number and press “Send Code” button.

A 7-digit code will be sent to your phone, and you will be directed to enter this code.

After entering the code, you may or may not be directed to verify your ID. If you go directly to your dashboard you can skip this step, but we strongly advise you to verify your identity because sooner or later you must verify in order to purchase digital assets.

Identity Verification

You will then be directed to fill in your personal information. Fill out your date of the birth, home address and additional fields that are required in this step and press “Continue” button.

On the next step, you’ll need to upload a photo of either your passport, drivers licence or Photo ID.

Once your photo ID is verified, the ID verification process should be complete and you should be redirected to Coinbase platform. However lately for some countries, they are requesting lastly to upload a proof of address. It can be either Bank Statement, Utility Bill or Credit Card Statement. If you are don’t want to fill out this info skip this screen by pressing “Go to coinbase.com” link.

You now have a fully functioning Bitcoin wallet that you can use to purchase and send/receive Bitcoin and other cryptocurrencies.

In the next steps will go over various options available to you within the Coinbase platform.

How to add Payment Method?

Once you are logged in you’ll see a various option inside Coinbase platform. To buy Bitcoins or any other digital currencies you need to link Coinbase with your Credit Card or Bank Account. To do so click on the Settings >> Linked Accounts. Once you are on the Linked Accounts area press a “Link Account” link and you new popup “Add Account” will open.

You will then be able to select which payment method to add.

To link a debit card, select that option then fill out your debit card information.

Debit cards are best for purchasing smaller amounts quickly. Any debit card purchase will instantly transfer the cryptocurrency to your account, which is best if you want to quickly trade it for another cryptocurrency.

However, debit cards have much lower purchase limits and higher fees than wire transfer.

How to Buy and Sell Bitcoin?

With your account all set up, you can finally buy some cryptocurrency!

Click the “Buy/Sell” tab at the top of the page.

Select the type of cryptocurrency you want, the payment method, and the amount in your currency.

You will then be directed to confirm your purchase.

Selling cryptocurrency is a very similar process. The main difference is that you cannot deposit to your credit card directly. Instead, you are deposing to your currency wallet that will hold your money on Coinbase. Afterwards, you can withdraw money from your currency wallet, but only to PayPal or Bank account.

How to Send and Recieve Bitcoin?

Click the “Accounts” tab at the top of the page and select the type of cryptocurrency you want. For each cryptocurrency, you will see two options – Send and Recieve. To receive cryptocurrency click receive button and popup with wallet address will appear. The only thing you need to do afterwards is to send this wallet address to the sender.

To send cryptocurrency to another address, click the “Send” button.

Next, enter the desired recipient address and the amount in your currency that you would like to send. Be sure to send only to wallets of the same type of cryptocurrency, or it will be lost

You will also notice an additional miner fee for sending currency.

Now that you know how to set up an account, buy/sell, and deposit/withdraw, you should have all the knowledge you need to start buying and trading.

The post How to Create Coinbase Bitcoin Wallet? appeared first on Bizznerd.

If you don’t have a Blockchain.com wallet yet, read our “How to create a Blockchain Wallet?”  guide on how to set one up and verify your identity!

What’s An Airdrop?

Airdrop is a distribution tactic generally used by a project during its Initial Coin Offering (ICO) stage, where the company will give away a specified percentage of tokens for free.

What do I need to do to receive XLM?

To receive free Stellar to your wallet you’ll need to complete your Blockchain wallet profile (Gold level) to meet compliance requirements.

Blockchain requires participants to verify their identity to ensure that no one is trying to claim more Stellar Lumens (XLM) than they are entitled to (one XLM distribution per person, unless participating in any bonus activities).

Note: You can still use your Blockchain Wallet without verifying.

Afterwards, navigate to your Blockchain dashboard and you’ll find a new message with the title “We now Support Stellar” and the “Claim Your Free XLM Now” button.

Click on the “Claim Your Free XLM Now” button and you’ll receive an email with the title “Your XLM is on its way”.

You’ll also get a confirmation email once you receive your free XLM in your wallet.

Note: If you don’t see this “Claim Your Free XLM Now” button” after identity verification, visit the following the link “GetCrypto” and press “GetCrypto” button.

How Much XLM Will You Receive?

Once your identity has been verified and you claim free Stellar, you will receive $25 worth of XLM. According to Blockchain, by verifying your identity, you will be automatically entered into additional giveaways (airdrops).

With your Blockchain Wallet, you can exchange it to Bitcoin, Etherium or Bitcoin Cash.

Why It’s Good for Blockchain

They get $125 million to acquire new users, and all they have to do is add Stellar to their platform. It’s likely Blockchain will continue to do this with other altcoins as well. The wallet provider has already gone ahead and referred to this particular giveaway as part of their Blockchain Airdrops program.

If you want to claim more Stellar for free, I suggest that you read the following articles: “How to Claim Free 50$ Stellar Lumens (XLM) and other cryptocurrencies with Coinbase Earn?” and “Keybase App Tutorial and Stellar Space Drop“.

If you want to find more info about Stellar and Stellar Lumens (XLM), in general, read our article “Stellar Network and Stellar Lumens (XLM) an Overview“.

The post How to Claim Free 25$ Stellar Lumens (XLM) with Blockchain wallet? appeared first on Bizznerd.

A Blockchain wallet is an online application that allows many people to store and send bitcoins or other digital currencies. It is a free service that makes easier to send and receive your digital currencies without the need for any client software or hardware.

It is one of the first online wallets and besides Coinbase one of the safest for keeping your digital currencies.

Beside Bitcoin, you can create a wallet for Ethereum, Bitcoin Cash and from recently Stellar as well.

In this blog post, you’ll learn how to create your new Blockchain wallet.

Step 1. Visit Blockchain website

Go to the Blockchain website. On the home page, you will find a link “Get a free Wallet”. Alternative you can press the “Sign Up” button in the right corners of the screen.

Step 2. Create Wallet

Create your wallet by filling in your email address, a secure password, agree to the Blockchain Terms and Service and then click Continue.

Step 3. Verify your account

Once you sign up for a Blockchain wallet, you should receive an email from no-reply@blockchain.info with the subject Please Verify Your Email Address. Verify your email by clicking the button within the email, or you can verify your email later from within the Security Center.

Your welcome and verification emails include your wallet identifier, or wallet ID, which you’ll need later to sign back into your wallet. Make sure you have this information stored somewhere safe.

Step 4. Start Receiving or Sending Payments

Use your wallet id, along with your password, to log into your Blockchain wallet. Use your wallet id, along with your password, to log into your Blockchain wallet. Once you sign in, you’ll be redirected to your Wallet Dashboard.

With this final step, you successfully created your Blockchain account and will be able to send and receive Bitcoins and other digital cryptocurrencies.

In the next part, we will focus on how to make your account more secure.

Securing your Blockchain Wallet

Whenever you log into your wallet from a different device or IP address, you’ll be prompted to verify the log in via a verification email. It is a good security measurement, but I strongly advise you that you link your account with your mobile phone as well.

Go to the Security centre and follow the following steps to enable Two-Step Verification.

• You will need to link your mobile number. Under Enable, press the Mobile Phone Number button.
• Enter your mobile number in the field and press Get Verification Code.
• You should receive a text message with your verification code. Enter the code and click Submit Code. If you made a mistake inputting the number, press Change mobile number and enter a new number.

Two-step verification helps to prevent unauthorized access to your wallet by requiring a one-time password for every login attempt. You can disable this here if you would like to change your phone number or switch the type of two-step verification you are using.

We also recommend that you download the Blockchain app for your mobile device. Pick your preferred platform iOS or Android (If you chose a mobile option, download & open the app).

With the mobile app, you’ll easier able to access to your blockchain account. Also, if you don’t have a camera on your desktop – you can use your mobile phone for identity verification.

Identity Verification

In reality, if you want to stay anonymous you can use your wallet. But in order to make exchanges and have larger daily and yearly limit, we strongly advise you to verify your identity.

Based on your exchange preferences, you can choose between Silver Level and Gold Level identity verification. If you want to exchange amounts that total no more than $1,000 worth of cryptocurrencies per year, only Silver identity verification is necessary. If you want to exchange more than that (up to $25,000 per day) or participate in our airdrop program, you will need to go through Gold verification.

For Silver verification, you’ll just need to verify your email address and provide your:

• Country of residence
• A first name, last name, and date of birth
• Residential address

For Gold verification, you’ll need to complete all of the above steps for Silver verification, as well as:

• Upload identity document
• Take a picture/video of yourself

On their site, they state that if submission for Gold verification is clear and consistent, the automated verification may take anywhere from 5 minutes to 2 hours. But in our experience, it can take longer even a couple of days.

If you completed profile verification to Gold Level, read our post “How to Claim Free 25$ Stellar Lumens (XLM) with Blockchain wallet?“.

Every user needs to connect to a bitcoin network in order to transfer bitcoins. It is just like your local bank account where you create a savings account and store your money. The same way you can create a free bitcoin account with a Blockchain wallet and store your Bitcoins or other digital cryptocurrencies.

With your blockchain account, you can easily receive and send bitcoin payments or convert Bitcoins to other digital currencies at any time you want.

The post How to create a Blockchain Wallet? appeared first on Bizznerd.