## Paybis Is Rewarding Nigerian Customers with Five [Ethereum](/coins/eth) Coins.

•	Paybis is rewarding its Nigerian users with rewards in the region of 5 Ether.
•	Paybis is trying to increase the usage of the e-wallet Neteller to buy cryptocurrencies.
•	Paybis is one of the biggest cryptocurrency exchanges in the market.

Paybis broke the internet during the last days of March after the cryptocurrency exchange announced rewards for Nigerian customers in the region of 5 ETH who buy digital assets with Neteller. 

March proved to be an excellent month for several cryptocurrency exchanges as the market made efforts to recover from the bearish engulfing.

What happened? Paybis announced through a blog that customers in Nigeria (one of Paybis’ supported countries) stand a chance of earning up to 5ETH using Neteller to buy cryptocurrencies.

This promotion is open to all Nigerians who have the legal documents to prove they are at least 18 years old.

Starting on Monday, April 4, 2022, residents of Nigeria can buy a minimum of $20 worth of cryptocurrencies on Paybis using their fully verified Neteller Account. 

The first winner will be randomly chosen and announced after 30 days (May 4, 2022). The second winner will be announced after 60 days (June 3, 2022).

Paybis will send a direct message to winners' fully verified contact numbers linked to accounts on Paybis.

Residents of Nigeria should have an Ether (ETH) wallet address as this is a requirement for receiving the 5 Ether tokens.

Some of the best crypto wallets for storing Ether that [Moni Talks](/) would like to recommend are TrustWallet and MetaMask.

Why does this matter? Many Nigerian customers prefer to fund their Paybis wallets with other payment methods instead of Neteller to buy cryptocurrencies.

Payment methods supported by Paybis in addition to Neteller include bank transfers, debit and credit cards, and Skrill Money transfers.

As of writing, the native asset of the Ethereum ecosystem was trading in the range of $3,155 and $3,573. This means that buying $20 worth of crypto tokens using Neteller as a payment method on the Paybis cryptocurrency exchange can earn any Nigerian customer approximately $15,000.

This converts to NGN 6.2 million in local currency.

It is a good time to be a Paybis customer if you are a resident of Nigeria. This is because the average monthly salary is NGN 43,200, and this rounds up to an annual salary of approximately NGN 518,400.

The average annual salary is around $1,245.

Earning 5 Ether will be a 1,100% increase in the annual salary of an average Nigerian.

## How to Buy Cryptocurrencies on Paybis with Neteller 

Firstly, you have to [sign up for an account](https://paybis.com/).

In line with verification, Paybis will ask you for an active email address and phone number. These will be verified first.

Secondly, you have to provide authentic information about yourself - input legal details of your full legal name and provable residential address.

Thirdly, verify your account.

Per compliance with regulations, the Paybis cryptocurrency exchange will ask for a government-issued identification card that confirms the details of earlier input.
Cards with your signature embossed are mostly preferred. Additionally, since Nigeria is not one of Paybis’ restricted countries, you will be asked to provide proof of address.
You also have to upload scanned images of, preferably, your bank statement since it comprises your residential address.

Fourthly, deposit funds via Neteller.

You should have a fully verified account on Neteller before you can use it to buy cryptocurrencies. Choose from the range of fiat currencies most preferred by Nigerians, the United States Dollar (USD).

Lastly, navigate to the page of the cryptocurrency of your choice. On that page, buy at least $20 of your preferred cryptocurrency, and Paybis will process your order within a short period.

Located in the United Kingdom, Paybis is a cryptocurrency exchange founded in 2014. Paybis reviews online have been mainly positive. Paybis customer service is one of the best in the space, it's highly regulated, and it supports several payment methods. Paybis fees are some of the lowest in trading, and Paybis verification is rated as one of the simplest.  

Neteller is a financial services wallet by the PaySafe Group, the same company that owns Skrill Money Transfer. 
 



Paybis is Rewarding Nigerian Customers 

#M,
[Bored Ape Yacht Club](https://boredapeyachtclub.com/#/) is a successful NFT project, but has experienced cybersecurity flaws that continue to mire the decentralised finance space.

## What happened?

Bored Ape Yacht Club, through its Twitter handle, @BoredApeYC tweeted that there would not be any kind of minting on Monday, April 25, 2022. Representatives of the project asked holders not to mint, click or link their wallets to anything related to the Bored Ape Yacht Club project. This came after the project's Discord server and Instagram accounts were hacked due to a mint link sent out to followers of the digital collectibles by third parties.

## Why does it matter?

Through its partnership with Animoca Brands, Bored Ape Yacht Club will be launching its metaverse called "Otherside" on Saturday, April 30, 2022. With such an opportunity in sight, the hackers sent fraudulent links to users that they could "mint land" in BAYCs metaverse on or after the launch of the Otherside.

Users who were unlucky and clicked on this fraudulent link have seen their wallets compromised. What’s more, a series of Mutant Ape Yacht Club (MAYC) and Bored Ape NFTs have been transferred to the new wallets held by the hackers.

Based on the OpenSea transfers, it is estimated that around 30 Mutant Apes and 24 Bored Apes have been stolen.

This has a value of some $13.7 million, based on the floor prices of the 54 NFTs.

This number may have been inflated by holders transferring some of their Mutant Apes and Bored Apes for security reasons.

As of writing, Instagram and the company behind BAYC and MAYC, Yuga Labs, are still trying to determine how such a secured project was finally compromised.

## What's happening at the Bored Ape Yacht Club?

Bored Ape Yacht Club is the third-most successful NFT project based on sales volume after Crypto Punks and Axie Infinity.

With more than $1.8 billion in sales, BAYC is followed closely in fourth place by its sister project, the Mutant Ape Yacht Club (MAYC), which has raked in more than $1.3 billion in sales.

ApeCoin, seen as the native asset behind the Bored Apes project, is airdropping 150 million APEs to Mutant Ape and BAYC holders.

Users stand a chance of claiming up to 10,950 APEs if they hold BAYC. Users who hold the Mutant Ape Yacht Club also stand a chance of claiming 2,042 APEs.

Bored Ape Yacht Club is a non-fungible token (NFT) collection of 10,000 unique bored apes that live in the blockchain of Ethereum.

More [NFT news](/news/category/nft-news).


Bored Ape Yacht Club Social Media Accounts Hacked

What is the 'crypto com card'? [Crypto.com](https://crypto.com/) Visa cardholders can enjoy up to 10% additional rewards at more than 10,000 merchants in the United States.

The month of March did not only see a recovery in the prices of cryptocurrencies but an increase in Crypto.com Visa card rewards. Crypto.com announced that residents of the US who are holders of their crypto debit cards could earn additional rewards of at most 10% in the novel token of the exchange CRO at more than 10,000 merchants.

Some of the top retailers' cardholders can access rewards from include, but are not limited to, Shake Shack. Sam's Club, Adidas, Office Depot, H&M, and Costco.

## Crypto.com Partners with Cardlytics

Crypto.com's partnership with Cardlytics, a digital advertising platform, made this possible.  

Per excerpts from a statement released by the Senior Vice President and General Manager of Crypto.com for North America, Joe Anzures, Crypto.com Visa cards remain the number one cash-back rewards crypto card in the market. The partnership with the digital advertising platform, Cardlytics will increase benefits for cardholders.

The Executive Vice President, Financial Institutions of Cardlytics, Farrell Hudzik, pointed out that providing meaningful rewards to the customers of Crypto.com brings them great excitement.

He further added that Cardlytics is thrilled to be a part of providing benefits to an emerging market filled with several hidden opportunities.  
Overall, this reward program will play an invaluable role in driving cryptocurrency adoption in the US.

Since the Crypto.com card is the first powered Visa crypto card, new benefits will unlock the potential of cryptocurrencies for residents in the world's financial capital. 

## What is Crypto.com Card?

Crypto.com card was first introduced in 2018 to allow crypto lovers to top up their cards with crypto and get up to 8% back on spending.
Crypto.com's Rewards Visa prepaid card is a series of cards that gives you more benefits depending on how much money you stake.
The card comes in tiers. The lowest is the Midnight Blue, followed by Ruby Steel, Jade Green/Royal Indigo, Frosted Rose Gold/Icy White, and 
Obsidian.

Every card comes with a staking requirement. Midnight Blue card users do not have to stake any amount. Ruby Steel cardholders must stake $400, and $4,000 is the minimum staking requirement for Jade Green/Royal Indigo holders.

If you want to be a Frosted Rose Gold/Icy White or Obsidian cardholder, you should be prepared to stake $40,000 and $400,000 respectively.
Crypto.com was founded in 2016. The platform is among the most prominent exchanges by trading volume. Crypto.com supports more than 140 cryptocurrencies and more than 200 markets and is accessed by residents in more than 90 countries.

### Conclusion

In addition to this, Crypto.com has one of the lowest trading fees in the space, is easy to use, secure, and has three-way accessibility (The Worldwide Web and apps on Android and iOS-powered smart devices).

More [Business news](/news/category/crypto-business-news).
 


Crypto.com Card Users CRO Rewards

[Coinbase](https://www.coinbase.com/) Twitter tweeted a link to the article titled “The crypto guide to taxes” in the last days of March 2022. 

The tweet came a few weeks to tax season 2022 in the United States of America, and with the deadline for submitting personal gains to the Internal Revenue Service (IRS) fast approaching.

Coinbase tweets towards the end of March were on blockchain analytics, promotions for new accounts, and advanced trading on the cryptocurrency exchange. 

For Coinbase Twitter news to focus on crypto taxes means representatives of the platform continue to get messages from account holders on what activities constitute paying cryptocurrency taxes.

## Coinbase Twitter Reminder

Coinbase users have a cause to worry about Coinbase taxes. This is the primary reason why it is not surprising to find millions of verified Coinbase users asking the question of which crypto transactions are taxable? 

According to Coinbase, numerous kinds of crypto transactions are considered taxable events. Several crypto activities are taxable, but some of them are not. 

When you sell and convert crypto, you should know that you must pay crypto capital gains tax.

With that said, activities such as mining and holding digital collectibles in the form of non-fungible tokens (NFTs) and buying and holding crypto are non-taxable events.

Therefore, if you know that you have staked, spent, converted, sold, and earned crypto, you should prepare to pay taxes on cryptocurrency gains.
Taxes on personal income come in different rates and brackets, and the cryptocurrency tax is the same. Cryptocurrency tax rates fall under ordinary income or capital gains.

The rate of token tax depends on factors such as the method of obtaining the crypto and the duration you held onto the digital coins. 
IRS crypto taxes is similar to paying taxes on stocks. Therefore, you will pay relatively lower rates if you decide to HODL (hold onto your tokens for at least one year before selling them). 

You will pay taxes on crypto if you are involved in swapping tokens. A great example is trading crypto pairs such as BTC for ETH, ETH for ADA, ADA for BNB, and others. In the eyes of the IRS, swapping means you have sold your Bitcoin to buy Ethereum, Ethereum to buy Cardano, and Cardano to buy Binance Coin. In such a situation, you will realize gains or losses.

The same holds for spending. For example, you buy $20,000 worth of ETH and a price spike increases your investment by 300% to $80,000. You use your ETH to buy an automobile worth $80,000. You are then subject to paying capital gains tax on cryptocurrency.

The only way to avoid paying taxes on crypto is to use good old cash. Although it is not impossible, it would be difficult to find an exchange that accepts cash as a payment method in the current climate of crypto regulation. To put it simply, buying crypto with cash is not taxable, so you would not be having any IRS crypto problems once tax season takes center stage.

If you are a trader who transfers digital currencies between wallets such as Coinbase wallets (non-custodial wallet) and Coinbase Exchange accounts (custodial wallet), you are not subject to reporting detailed activities of such transfers.

Suppose you sent no more than $15,000-worth of crypto to friends and acquaintances. In that case, you are not eligible to file taxes on cryptocurrency.

Reporting your crypto activities and paying the necessary crypto trader tax is imperative.

The IRS has a zero-tolerance policy when it comes to paying taxes. Failure to adhere to crypto and taxes rules could lead to steep penalties. 
You can use CoinTracker (a trusted aggregator for tax services) to help you sort out your taxable crypto activities. 

Although Coinbase Twitter news has done its part in shedding more light on crypto and taxes, the onus falls on you, as a crypto user, to make arrangements for capital gains on cryptocurrency.

More [Business news](/news/category/crypto-business-news).



Coinbase Twitter Shares Crypto Tax Guide 

[Coinbase](https://www.coinbase.com/places/united-kingdom) account restricted 2021 was searched for by some of the 89 million verified users of the biggest exchange in the United States, measured by volume. There are growing reports of accounts of many customers temporarily disabled.

Coinbase account restricted 2022 continues to gain grounds as millions of customers continue to deal with limitations on their accounts. It is not surprising to see why is my Coinbase account still restricted gaining millions of hits on search engines.  

According to Coinbase, if an account holder violates the User Agreement, they may restrict access to essential features of the customer's account, such as buying and selling cryptocurrencies. Factors contributing to buy/sell services being disabled include a high risk of fraud. Per regulations, Coinbase adheres to anti-money laundering rules which helps counter-terrorism financing.

As a result, the exchange has a zero-tolerance policy when it comes to activities intended to lead to personal financial gain at the expense of others.

Once this happens, customers hold onto their digital currency wallets, although they will not be able to engage in buying and selling activities.
Plus, as Coinbase provides a custodial wallet, funds remaining in the wallets in the form of accepted fiat currencies like the Great Britain Pound (GBP), Euro (EUR), United States Dollar (USD), and Canadian Dollar (CAD), can be withdrawn to a verified bank account linked to the Coinbase account.

Coinbase, by daily volume, is one of the largest cryptocurrency exchanges globally. The exchange supports more than 50 cryptocurrencies and several markets. Statista's report on the largest cryptocurrency exchanges in the world, based on 24h volume, was last conducted on March 28, 2022. Coinbase Exchange finished in 11th place. It recorded around $3.26 billion for the day.

Therefore it is not appropriate for millions of users to bump into such blocks which prevent them from going about their trading activities effortlessly. Coinbase competes with Binance, Upbit, CoinFLEX, OKX, and others. Finding out your Coinbase account is restricted countless times may not bode well for the platform's fortunes.

Now that you know why your account is still restricted, the next step is how do you resolve a restricted Coinbase account? 

## How do I resolve a restricted Coinbase Account? 

Several Coinbase accounts restricted after verification have this issue resolved within 10 business days of going through a resolution process.
If your Coinbase account is restricted, follow the steps below to remove this restriction.

First and foremost, ensure that personal accounts attached to your Coinbase accounts, such as email, have been secured with multi-factor authentication.
Secondly, with details of your Coinbase account intact, perform a password reset that guarantees access to your custodial wallet. 

Thirdly, provide essential details to Coinbase Support. At this stage, Coinbase will require details of your last successful sign-in and who authorized access to the account.

You will be asked to provide information on transactions that you did not authorize, including the time of transactions and the amount of money involved.

In addition to these, you must provide specifics on how the multi-factor authentication set and passwords of emails were compromised.
Lastly, Coinbase will ask for additional information that can help them understand the nature and purpose of the attack.
 
## Frequently Asked Questions (FAQs) 

How long does it take to unrestrict a Coinbase account? 
Coinbase restricted accounts are treated as high-priority cases. You'll need patience as Coinbase uses 10 business days to investigate the necessary security reports that will help resolve the problem completely.

More [Business news](/news/category/crypto-business-news).


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