What is Bonfire Crypto?
Bonfire is a cryptocurrency exchange platform with its own native token, BFT tokens. Bonfire is designed to be easy to use and has an interface that makes it quite similar to other exchanges. It promises fast transactions with high levels of security. They have a mobile app available for use as well which makes trading, on the go, simple and straightforward. On top of all this, Bonfire Crypto accepts many different cryptocurrencies and even fiat currency. All this makes it one of the more versatile exchanges available today.
What problems does this exchange solve?
There are many exchanges out there, and most of them are very similar. Compared to other exchanges, Bonfire can be described as simple and intuitive. It has different buying and selling options that also allow users to make use of pre-orders and margin trading. This means that BFT holders can make use of their tokens to achieve even higher returns on their investments. Another aspect that makes Bonfire stand out from the competition is access to BFT tokens throughout the world. Transfers have been made possible in countries where such transactions were not possible before the sale. This makes for a fast, international payment method for investors in almost any part of the world.
When answering the question, “Where can I buy Bonfire Crypto,” the default answer will be the native Bonfire exchange. However, as you will see below that is not the only option.
About Bonfire Crypto
Bonfire is a cryptocurrency that was created with the intent of creating a digital asset for anyone who loves the outdoors. It has been designed to be used across different platforms and devices. It’s an open-source design means anyone can join and contribute to development.
More than just another cryptocurrency out there, Bonfire wants to provide its users with value in an entirely new way. They do this by working on ways to make transactions easier, more secure, and cheaper for everyone.
Bonfire is currently in the Beta stage, which means its value can still be affected by both developers and non-developers. Anyone who has a compatible node can participate and contribute to the network.
Different features of Bonfire Crypto
One of the most common questions in cryptocurrencies is who uses what. It’s important to know if your currency, as well as your wallet, can be used on a specific platform. Below is a brief guide to some of the features within Bonfire Digital Currency that you’ll be using regularly:
- Accelerated Transaction Speed: Bonfire’s transaction speed (2.5 minutes) is significantly faster than most other cryptocurrencies in the market today and allows for more activity without overloading the blockchain with transactions and fees from day one.
- High Stake: With an initial stake of 2.5 BNCDS (0.025 BTC) you will have a lot of control over your cryptocurrency, in addition to the member’s network and yourself.
- Secure Storage: Thanks to our use of the HD Address system you will be able to store up to 30 different cryptocurrencies in your wallet and while they are in transit they are being secured by multiple layers of encryption, so you’re not vulnerable even if your device is lost or corrupted. With an option to stake your coins, it means that the wallet is protected from loss and the user has full control over the coins.
- HD Address System – Due to our use of the HD Address system you will be able to store up to 30 different cryptocurrencies in your wallet and while they are in transit they are being secured by multiple layers of encryption, so you’re not vulnerable even if your device is lost or corrupted. With an option to stake your coins, it means that the wallet is protected from loss and the user has full control over the coins.
- Stable and Secure: Bonfire’s distribution of coins is based on BNCDS (0.025 BTC). This means that, over the course of time this will become a stable commodity that can be traded on the market, with investors being able to purchase the coin through our stablecoin wallet system.
- Flexibility: As a member, you can add cryptocurrencies to your wallet at any time, receive payments and make transfers autonomously, with no more waiting due to delays.
Bonfire Crypto is an ambitious project with a long-term goal of creating a stable platform for its members that is secure, exclusive and fast.
Why Should I Buy Bonfire Crypto?
Bonfire Crypto is a new cryptocurrency that promises to be the easiest, fastest, and most secure cryptocurrency in the world. It is unique in several ways, such as being a non-gambling cryptocurrency that has no transaction fees. Additionally, Bonfire focuses on scalability and energy efficiency and offers an eco-friendly mining process utilizing sustainable renewable energy.
The benefits of Bonfire crypto are as follows:
- All transactions are transparent and open to the public.
- There is minimal risk to your funds.
- Transactions cost less than most other cryptocurrencies such as bitcoin, ethereum and the like.
- You will have the ability to make a portion of the net profit from your investment in the future.
- Bonfire Crypto is becoming one of the most invested in cryptocurrencies on the market. Why? Because of its long-term potential and history as a reliable company. But…you need to know this before you invest. [to use as knowledge, not to be copied verbatim]
- Bonfire Crypto will offer a unique business model unlike any other on the market. The best part is that you will be able to benefit from this. [to use as knowledge, not to be copied verbatim]
- Bonfire has already made a name for itself in the crypto world with its amazing success rate at a very young age in the crypto space.
- Bonfire has shown it can handle the demands of highly-skilled traders and investors, something important for successful business growth and expansion plans.
- Bonfire has shown it can handle the demands of highly-skilled traders and investors, something important for future business growth and expansion plans.
- Bonfire has shown it can handle the demands of highly-skilled traders, which is important for future business growth and expansion plans.
- Bonfire’s own exchange will offer greater security than most others in the market today, better than major exchanges like Binance, Coinbase or any other exchange out there.
Ways to buy Bonfire Crypto:
Everyone knows that cryptocurrencies are the future, but not everyone is going to jump into buying them. You can find an extensive list of exchanges and their reviews here.
Bonfire Crypto has three different avenues for purchase: Lets explore each.
- Cryptocurrency exchanges. These allow you to purchase crypto with fiat currency (USD, Euro, GBP etc.) as well as credit cards and debit cards. You have to have an account in the exchange to be able to buy cryptocurrencies via them. Unlike the first two options, you do not need any other accounts for this purpose.
- Escrow services. These allow you to deposit fiat currency in your account, which you can use to buy crypto. You then pay them a fee (usually around 5%, sometimes higher) and they send the coins to your wallet (or directly to someone else’s). The biggest advantage is that there is a much higher liquidity than on exchanges.
- Wallet services. These allow you to store your crypto in an online wallet, so that you do not need to head over the hassle of trying to safely buy it yourself.
There are numerous options when it comes to choosing your exchange and where your wallet will be hosted. Our number one recommendation is Coinbase.
Coinbase – Wallet/Debit Card: You can use a Coinbase wallet to store your crypto, as well as pay for it online via credit card or debit card. It is also possible to have a Coinbase wallet accessible via your phone to pay for things whenever you like with the cryptocurrency of your choice.
Coinbase Cryptocurrency Exchange: Coinbase is not only a wallet but it is also an exchange. It allows you to buy and sell individual coins (like Ethereum or Bitcoin) as well as receive and send payments through the Coinbase platform. You also have the option to purchase some crypto with fiat currency via the exchange.
Launching of Bonfire Crypto:
Bonfire Exchange launched with a total of 1,000,000 coins available for purchase through pre-sales and from this point forward. Bonfire Exchanges will be operating under a fixed supply model. The 1 million coins have been created over the span of one year, at a rate of128 coins per day until reaching the target number of tokens in circulation. Bonfire Coins will be mined at a rate of one per minute.
Fun Facts About Bonfire Crypto:
- Bonfire Coin is the first coin to have its own self-developed blockchain technology, which is based on the latest ASIC-resistant Equihash algorithm. Bonfire also uses current code from Litecoin and Bitcoin so that it can be easily integrated into currently existing systems.
- Bonfire Coins are fully backed by crypto assets in the form of BFTs (Bonfire Crypto) with a total supply of 1,000,000 BFTs. The presale has 2 phases.
- There are 12,000 Bonfire Coins available through the pre-sale and from this point forward. Bonfire is a unique cryptocurrency, which means it has its own secure blockchain technology and code based on a system that is designed to be anonymous and decentralized. Its main focus is to act as a payment solution for those wishing to make fast secure transfers with low fees.
- The Bonfire platform is designed to offer solutions to some of the missing features in other projects such as anonymity for transactions or greater control over your assets via decentralized exchanges where you can freely trade currencies with equal liquidity and superior security.
The Bonfire platform is designed to offer solutions to some of the missing features in other projects. Important features like anonymity for transactions, or greater control over your assets via decentralized exchanges. The Project goals are to provide a platform where you can freely trade currencies with equal liquidity and superior security.