CBlocks: Cblock One Cold-Storage Cryptocurrency Wallet?
Although the cryptocurrency market is going through a rough patch, there is still plenty of opportunity for investors. However, the time to enter the market faces confusion on what really to invest. Devoting your finances to buying a dip is a critical decision, and not all of us can get a positive return from it. Luckily, some services can offer the advice and expertise on the best coins to buy for you and as we will get to see you can find effortlessly diverse your portfolio.
What Is CBlocks?
CBlocks is a cryptocurrency project that will offer an investment service and ultimately lower the barrier to the average users who want to join the crypto market. Their investment service will pick five cryptocurrencies from where they would buy them at your discretion. Additionally, the crypto investment is placed in a USB wallet from where the currency holder can access it.
A big boost to this type of concept is the need for other crypto investors to HOLD but lack the appropriate investment proportions for the different cryptocurrencies. In sorts, it is a mystery box for cryptocurrency.
The Basics Of How CBlocks Works
As of now, CBlocks provides four investment packages ranging from $75 to $475, with an additional $25 that covers the expenses such as shipping fees and loading the currencies to the wallet.
The CBlocks investment portfolio works on a script that picks five cryptos, randomly for a list of the top 300 from Coin market cap. The CBlocks team further develop paper wallet using an offline PC and have them transferred to the USB
The firm later deletes the portfolio from the PC, and the shipping process begins. Each shipment will require your public address to confirm your wallets. The USB stick will also feature an info sheet on what to know regarding the cryptocurrency you purchase.
The USB content includes a file from where you access by plugging it into your PC. The browser opens to access the website file and a page from where the CBlocks customers can view the cryptocurrency in their real value.
Is There Any Risk With The Mystery Box?
In the past cryptocurrency mystery box services have had a bad reputation as far as the number of fraud and scam cases go. However, CBlocks seems more legit than its predecessors by having an actual product.
Additionally, the project is proving decisive by exposing the population to coins they did not know. Ultimately, CBlocks seeks to offer excitement as to how we get to invest and build our portfolio.
However, while there is little risk with CBlocks that is not reason enough to turning down other precautions in investing in such a service. A downside to CBlocks mystery box is that the USB wallet only ships to the USA, which limits the scope of the customer base.
The CBlocks project is relatively new, although it seems like an exciting prospect on how we get to buy our crypto coins. However, it is necessary to take precaution if you intend to invest as such ventures end up pulling exit schemes on their customers. In CBlocks's case, the most significant challenge is that it is relatively new and it will take time before we can fully trust and rely on the project.