WHAT IS BUXCOIN?

Buxcoin is a form of cryptocurrency that provides private instant verified transactions. It is a decentralized, open-source cryptocurrency that is focused on the privacy of its users. Its global community is run by a team of skilled mathematicians, proficient programmers and financial experts, with no links to the Federal Reserve System.

WHAT IS A CRYPTOCURRENCY?

In simple words, a cryptocurrency is a ‘virtual currency’. It’s a medium of exchange in which transactions take place through a secured network that uses the technology of cryptography. This digital asset also controls the creation of auxiliary units of currency.

Since 2009, cryptocurrencies have been thriving. They have also been able to set stability in the current financial and investment markets. Cryptocurrencies use a system that is linked with decentralized control, unlike the centralized banking systems or electronic money. They are the future, providing a smart and secure way to invest and perform multiple transactions throughout the world.

Buxcoin is a form of cryptocurrency, which is both secure and reliable. Buxcoin can also be classified as a subset of alternate currencies or digital currencies.

BUXCOIN FOR INDIVIDUALS

Buxcoin is a smart, simple and secure way to exchange money at very low costs.It is done through a completely secure and verified system.

EASY MOBILE PAYMENTS

With a simple two-step procedure, you can make payments through your mobile phone easily and with complete security. Signing up is not required. All you have to do is swipe your card and type your PIN with an easy scan-and-pay method. In order to receive your Buxcoin payments, all you need to do is display the QR code from the Buxcoin wallet app. The other party can then scan your mobile or touch the two phones together if you are using NFC Radio Technology.

SECURE CONTROL OVER YOUR MONEY

Cryptography is a very high-level communication technique that was first used during the Second World War. Cryptography literally means ‘secret or hidden writing.’ Buxcoin transactions take place through this high-level channel called cryptography, which is highly secured on multiple levels. This level of security breaks all the possible loopholes while allowing you to control your money easily. You cannot be charged without your consent and nobody can make any kind of payment on your behalf. As long as you secure your Buxcoin Wallet, you are safe from all kinds of fraudulent activities involving your cryptocurrency.

WORKS ANYTIME, ANYWHERE

The Buxcoin network is active 24/7, allowing users to experience our great services round-the-clock, even on holidays. Buxcoin is compatible with any mode of virtual currency and it allows different service providers to connect and exchange their cryptocurrencies with the help of its simple open technology. The system is as simple as exchanging email. In the same way that you can send and receive messages from Gmail to Yahoo or MSN without everyone being required to use the same platform, similarly, Buxcoin uses open technology where exchanges can happen simply and easily regardless of which exchange platform the second party is using.

INSTANT PAYMENTS WORLDWIDE

You can send Buxcoin currency instantly, easily and securely to anywhere in the world, from anywhere in the world. Banks usually make you wait for days to complete certain transactions, but with Buxcoin, you don’t have to go through this inconvenience. The benefits include:

• No wait when you transfer
• Transfer anywhere in the world, any time
• Secure and instant
• Easy and simple
• No Fees
• Zero Fee for international transfers
• No minimum or maximum limits
• Complete privacy

CHOOSE YOUR OWN FEES

There are No Fees charged when you receive Buxcoin currency, but some wallets are charged a nominal fee by default during transactions. Depending upon your wallet, you can control the fee, which is generally reasonable. For the fastest transactions, some wallets charge a bit higher. The best way is to choose your fee and set it according the amount being transferred and how quickly you prefer the transaction to take place. For example, if you have to send 100,000 Buxcoins, you can send it with the same fee equivalent to 1 Buxcoin; the choice is yours.

PRIVACY SECURED TRANSACTIONS

Buxcoin transactions are simple, easy and safe. Your identity is completely hidden. Buxcoin doesn’t come with numbered accounts or personal identity verification, unlike centralized banking systems where your transactions and identity can be traced. Here, your personal information is absolutely safe. It is very much possible to send payments without revealing your identity. However, it is extremely important that you take some efforts to protect your privacy.

For example, do not reveal your passwords to people who may be posing as customer care executives with malicious intent.

BUXCOIN FOR BUSINESS

Buxcoin is an inexpensive and secure method of handling instant payments.

CHOOSE YOUR OWN FEES

There are NO FEES charged when you receive Buxcoin currency, but some wallets are charged a nominal fee by default during transactions. Depending upon your wallet, you can control the fee, which is generally reasonable. For the fastest transactions, some wallets charge a bit higher. The best way is to choose your fee and set it according the amount being transferred and how quickly you prefer the transaction to take place. For example, if you have to send 100,000 Buxcoins, you can send it with the same fee equivalent to 1 Buxcoin; the choice is yours.

PROTECTION AGAINST FRAUD

One of the best things about Buxcoin is the security and privacy it offers its users, which is dissimilar to banking systems. Buxcoin payments are irreversible, unlike credit card payments or PayPal, where a sender can commit fraud by getting the reversals. Chargeback fraud results in limited market research and a potential increase in charges, which affects users on a broad scale as they are penalized. Buxcoin does not implement the cost of fraud upon the merchants.

INSTANT PAYMENTS WORLDWIDE

You can send Buxcoin currency instantly, easily and securely to anywhere in the world, from anywhere in the world. Banks usually make you wait for days to complete certain transactions, but with Buxcoin, you don’t have to go through this inconvenience. The benefits include:

• No wait when you transfer
• Transfer anywhere in the world, any time
• Secure and instant
• Easy and simple
• No Fees
• Zero Fee for international transfers
• No minimum or maximum limits
• Complete privacy

NO PCI COMPLIANCE REQUIRED

When you pay online using your credit card, you must usually go through an extensive procedure in order to complete the payment. These security checks are linked with CPI standards. Since Buxcoin does not operate like traditional credit card companies or banking systems, PCI compliance is unnecessary. However, Buxcoin encourages you to secure your wallets and your payment gateways to avoid any unforeseen mishaps.

BUXCOIN AS A BUSINESS MEDIUM

Business exposure is very important in any business. If you are running a business, then accepting payments as Buxcoins or via the Buxcoin network can be a smart way to gain secure exposure. You can use Buxcoin as a business medium to accept payments from your clients, which will catch people’s interest and give your business some good exposure as they spread the word.

MULTI-SIGNATURES

The unique multi-signature feature allows Buxcoin users to conduct transactions with transparency. If two or more people have to send Buxcoins to other parties, all parties are required to sign. Without the authorization of each member, the transaction will not take place. In a company or organization, Buxcoins can be spent only if a subset group authorizes the transaction within the organization. The board of directors in any company or an organization can use this unique feature in order to prevent fraudulent practices by parties with malicious intent. Without the consent of each concerned member, one cannot conduct any transaction. This feature also helps in tracking the payments record as to which members have given the authority to make the transaction.

ACCOUNTING TRANSPARENCY

At Buxcoin, we understand that accounting transparency plays a crucial role in any business or organization. For this purpose, Buxcoin offers to keep the highest level of transparency for transactional activities. This feature allows a company or organization to easily provide information by verifying balances and transactions. Non-profit organizations can also allow anyone to see the amount of donations that they have received.

BUXCOIN FOR DEVELOPERS

Use Buxcoin for basic transactional needs or to help you take your organization to the next level.

THE SIMPLEST OF ALL PAYMENT SYSTEMS

Accepting money through Buxcoin is as simple as sending it. All you need is to embed a link or QR code on your payment page and any user, anywhere in the world, can make a simple and secure payment. This benefits both, your clients and your business exposure. For example, if you’re running an NGO or taking donations for a cause, you can choose to make the transactions public so that clients and customers receive complete transparency. Please be aware that accepting money through the link or QR code will not generate automatic invoices.

MANY THIRD-PARTY APIs

You do not need to risk the security of your server by storing Buxcoins and using your own APIs to handle payments. There are plenty of third-party payment processing services that are compatible with Buxcoin and provide APIs for your transactions. The best part is, most of these third-party APIs will even allow you to process invoices and exchange Buxcoins into local currency at relatively low costs.

YOU CAN BE YOUR OWN FINANCIAL SYSTEM

Although there are many third-party API services available for you to take advantage of, you can also choose to become your own bank and payment processor by integrating a Buxcoin node directly into your applications. This exciting feature allows you to build the systems you need to take your organization to the next level. Use the node to control all your transaction responsibilities and to process transactions in whichever way you prefer.

MOST OF THE SECURITY IS ON THE CLIENT’S SIDE

When you conduct transactions through Buxcoin, there is no need for you to worry about following PCI compliance. PCI DDS only applies to companies who store, process and transmit credit card holder data. Since Buxcoin is a decentralized form of cryptocurrency, our system is much more secure. Fraud prevention is simplified into a single variable: the transaction confirmation. Beyond this, additional measures of security include taking the proper steps to secure your Buxcoin wallet and using secure protocols, such as HTTPS, to send out payment requests.

NEW PAYMENT POSSIBILITIES

With Buxcoin, you can get creative with new payment possibilities. Until now, financial limitations set by the Federal Reserve, credit card institutions and other virtual payment platforms have hindered the scope of online transaction services that a person should be able to employ. With Buxcoin, you can design your own scope of services, which includes (but is not limited to):

• Tipping systems
• Automated payment solutions
• Distributed crowdfunding services
• Time-locked payment management
• Public asset tracking
• Low-trust escrow services
• Micro-payment channels