A Few Words on Bitpetite (and Lending Platforms in General)

When a widely promoted “money making” platform called Bitpetite closed down on November 2, 2017 and ran off with people’s money, I had a few thoughts to share.  It was a lending platform that was, for all intents and purposes, operated as a Ponzi scheme,)  Quote at the end (cut off in the video.)

For more info on crypto scams, check out the Dictionary Page


“If you got taken to the cleaners by this (bitpetite,) educate people. Teach them about these things. Research this stuff. Research about HYIPs.  Research about these lending platforms.  Teach yourself and share that knowledge with others. Until we spread this knowledge and knowing around, these types of things will continue to operate. But on the upside, every time something like this happens, thousands more people in the crypto space become a lot wiser, and that only serves to strengthen Space, which lessens the odds of something like this happening again.”

Social Media Platforms and Meetups

Follow Tiny Crypto Blog on Twitter @tinycryptoblog

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If you’re ever in Chicago, you’re always welcome to swing by one of the live meetups.

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If you’re looking for Bitcoin and SmartCash shirts, stickers, bags, and other goodies, check out the store here 

Purchasing Cryptocurrencies

Looking to start purchasing cryptos? Open an account at Coinbase, and you’ll receive $10 in free bitcoin for your first purchase of $100 or more. Link HERE

Binance is a great exchange to buy and sell cryptos. More Info Here

Kucoin is also a good option for coins not listed on Binance.  More Info Here

Changelly is a good option for exchanging coins without having to use an exchange and the fees are reasonable.  More Info Here

Mining Cryptocurrencies on your PC

Are you new to cryptos and want an easy way to mine them? The easiest way to get started is to use the HoneyminerMore Info Here

If you’re a little more technical, Minergate is a good option as well. More Info Here

Crypto Wallets

Need a good, basic crypto wallet? Download the Exodus wallet

I also like Coinami for both the PC and smartphone.  More info Here

I manage this blog because I love being involved in the space and sharing what I’ve learned. If you’d like to say “thanks” in return, you can do so over at the TIP JAR

I also happily accept Smartcash tips


Categories: Commentary and Opinions, HYIP, Lending Platforms

Tags: , , , , , , , , , ,

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