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Bitcoin mining or escrow?

  • Thread starter Thread starter Eodine
  • Start date Start date
The two announcements seem to be in response to inquiries from companies looking to learn more about FinCEN's policies.

FinCEN, the US Treasury Department's bureau for collecting and analysing financial transactions, has previously made significant decisions about how consumer bitcoin miners and investors should be handled under money transmission laws.
 
Concerning your question on how you can nake up to 20 percent from bitcoin weekly, I have to say that you should tread carefully because someone might just be trying to lure you into it and take a run with you hard earned money
 
The two ways or methods are okay in generating money through crypto. But to be on a safer side, escrow should not be considered because of the problems it entails. But mining too is not that lucrative. Jusy do trading.
 
Abigael said:
I am trying to understand the connection between bitcoin mining and escrow. I understand escrow as that mediation between a buyer and a seller in exchange sites. It is not an investment at all, unless you are talking about the crypto trading itself. As for bitcoin mining, the legit ones require very high investments for you to earn good profits. While the cloud mining sites always end up being scam sites.
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I think the OP made a spelling mistake. He must be referring to some investment program that sounds similar to escrow. I guess he is trying to talk about investing on hyip
 
Concerning Bitcoin mining or escrow. Well, I would advise you to take a look at every off before going into to any that you know you will be satisfied with your conscience. Well, Bitcoin mining will require you having some devices or gadget that will aid smooth mining while escrow is an investment plan that will provide you with specified interestbat at a particular time
 
Bitcoin mining is difficult and most bitcoin mining platforms on the internet are not very reliable. You should not waste your time on it.
 
Are you referring to an Escrow as someone that invests on your behalf? That is not the meaning and definitely not a venture I would recommend. It is better to have the knowledge of crypto well enough, so as to do your investing yourself.
 
I will advice you to go for Bitcoin mining because it's easy and with time rate of Bitcoin will increase
 
Eodine said:
I am looking to make more money through Bitcoin or other crypto currencies. I recently heard there is a way one can invest Bitcoin and withdraw about 20% roi on initial investment weekly or sell and make profit through escrow, I would like to know if anyone here knows about it and how I can go about starting.
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For the mining I really don't like that because it very slow to gain you much profit at the end,but to be using escrow that means you will be buying and selling, when you buy you keep for sometime to grow in price and sell back using escrow.
 
Bitcoin mining is best but if you want to mining in bitcoin you must have the knowledge on how to mining in bitcoin because mining without knowledge you can be careful.
 
Binance have many method you can invest your funds and earn financial reward. Saving your coins with them gives your interest, staking your coins gives you interest. It all depends on your interest in any of them.
 
These days not all Bitcoin mining site is legit most mining styles for bitcoin and fake especially mining of Bitcoin through telegram. Researchers as media findings that mining Bitcoin through telegram is not legit.
 
FreshKaz11 said:
For the mining I really don't like that because it very slow to gain you much profit at the end,but to be using escrow that means you will be buying and selling, when you buy you keep for sometime to grow in price and sell back using escrow.
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It actually depends on what you like if escrow was more profitable then I'm sure miners would have decided to be escrows but research shows that we have lots of miners who make a decent living from mining.
 
You have to simply go and do the needful on getting knowledge on how to go about cryptocurrencies. You need to understand that dealing in cryptocurrency for profits has a lot of angles and ways around it. You need a background knowledge before you invest your money in this business
 
Yes it is a possible way to make money through Bitcoin by selling to make profit through an escrow like that of binance and others that operate escrow. You can be engaging in buying and selling of most of the stable coins there and Bitcoin and BNB as well on binance
 
I didn't actually see where Bitcoin was actually mined at all I wish I had seen it so I could be able to get some bitcoin on such mining sites.
 
If you want to go into the escrow services for selling of Bitcoin or cryptocurrencies, you need to be a trust worthy person first. You will need to build a reputation of trust for yourself first before people can take you seriously
 
As an escrow service provider for Bitcoin or any other cryptocurrency for that matter, you might be making some money from the service. But how are you going to get this money if no one knows you or your service? You have to a lot of advertising.
 
I do not think that this comparison is even in any where feasible. Bitcoin mining is getting money off the bitcoin network while escrow is just serving as a middle man.
 
Eodine said:
I am looking to make more money through Bitcoin or other crypto currencies. I recently heard there is a way one can invest Bitcoin and withdraw about 20% roi on initial investment weekly or sell and make profit through escrow, I would like to know if anyone here knows about it and how I can go about starting.
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Oh my, that 20% ROI weekly is too good to be true. If that is true then you can get rich because you can double your money in a month and quadruple y your investment in 2 months. You can compute the actual ROI that you will get in one year because the interest you earned will also earn interest. That is pure scam to me.
 
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