Some things you need to know
If you've decided to learn Battle, there are a few things you need to know. Bitkine gives you the opportunity to exchange money differently than usual banks. On this occasion, you need to take the time to get informed before using BitKnight for any serious transaction. The efforts you make to take care of Battlecourse must be the same as for the money in your wallet, and in some cases even bigger!
Protect your wallet
As in real life, your wallet needs to be safe. Bitkine allows you to transfer funds anywhere and in a very easy way, while allowing you to control your money. Such opportunities usually come with great security concerns. At the same time, Battle can provide very high levels of security if used properly. Always remember that adopting good practices is your responsibility to help protect your money. Read more about the security of your wallet.
Fortune's price is unstable
The cost of a ship can be unpredictably increased or decreased for a short period of time, due to its recent start, its innovative character and sometimes illiquid markets. Hence, keeping your savings in BattleKnight is not recommended at this time. Bitkine must be seen as a high-risk asset and you should never keep money that you can not afford to lose with Bitkine. If you receive payments with BitKein, many service providers can exchange them in your local currency.
Bitkayn crinkles are irreversible
Any transaction issued with Bitkine can not be revoked and the funds can be recovered only with the consent of the recipient. This means that you should try to do business with people and organizations you know, trust or have a good reputation. Companies, for their part, have to control their customers' payment requests. Bitkine can detect spelling mistakes and will usually not allow you to send money to an invalid address in error. Additional services can be introduced in the future to provide greater choice and protection for the user.
Bitkine is not anonymous
Some effort is required to protect your personal data in BattleKnight. All transactions are public and are stored on the BattleKnight network. This means that everyone can see the balance and transactions made by each BitChain address. The identity of the user behind the address remains unknown until information is disclosed at the time of purchase or otherwise. Here's one of the reasons why Battlefield addresses are only used once. Always remember that it is your responsibility to acquire good habits to protect your personal data. Read more about privacy.
State-of-the-art transactions are less secure
The transaction in Bitkine is sent within a few seconds, but it is confirmed within the next 10 minutes. During this time it can be considered authentic but still reversible. Uneven users can try to cheat. If you can not wait for confirmation, paying a small fee for the transaction or using a system for detecting dangerous operations can increase security. For larger amounts like $ 1,000 it is logical to wait around six or even more confirmations. Each confirmation exponentially reduces the risk of a reverse transaction.
Bitkayne is still in an experimental period
Battle is a new experimental currency that is actively developing. Although it is constantly improving and popularizing, you should keep in mind that Battle is a new invention that explores ideas that have never been used in the past and no one can predict its future.
Regulatory Taxes and Regulations
Bitkine is not an official currency. Most jurisdictions still require you to pay taxes on income, sales, salaries, and capital gains on anything that has value, including wrestling. It is your responsibility to ensure that you adhere to the tax and other statutory or regulatory provisions issued by your government and / or local communities.
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