4 tips to save money while using cryptocurrencies

At this moment we life in a digital era. Internet has become a big part of our lives. Low cost flight tickets have made it easy to travel all around the world and with the blockchain technology, cryptocurrencies and all products related to that, such as smart contracts borders has almost disappeared. Or in fact, we don’t have borders in the online world.

While everything becomes more and digital and us travelling around the world, we see that lots of business still lives in the old world. I mean, why do we have to pay lots of fee to transfer money from a bank account in Europe to a bank account from a friend that lives in Australia? Or why do we need a bank, a real estate agent and a notary if we want to buy a new house? In this article I will show you some cryptocurrency life hacks that saves you money. With the money you saved you can buy a new ticket to explore the world. Thank me later.

1: Save money by using crypto A to buy crypto B

When you are new into cryptocurrencies it seems the most logical and easiest way to use fiat such euros or dollars to buy the cryptocurrency of your choice. Watch out, using fiat straight to buy that cryptocurrency might cost you a lot of fee. It’s worth to do a little research to see if it’s cheaper to first buy EOS or Ripple for example and than buy Bitcoin. Coinmarketcap is a good resource to check the rates.

2. Sending money abroad was never that easy

If you love to travel you probably have lots of friends all around the globe. You travel together, hang on the beach, have danced with bare feed in the sand, walked many miles to explore new cities tasted local food and beverages.

Imagine that your credit card gets stolen on the last day of your travel and you still have to pay for your hotel or need some dinner before you get on the plane back. Probably your friends will pay it for you. Back at home you need to pay them the money back. Of Course you can transfer the money from your bank account in Europe to your friends bank account in Australia. You probably ending up paying more fee to your bank than the amount of money you owe to your friend. Save the commission (and save it for your next trip) and send your friend the amount of money in cryptocurrencies. It’s fast (bank to bank costs you some days) and you don’t have to pay a big amount of fee. Transfering money was never that easy

3. Make your life easier while using blockchain

Have you ever bought a house? If so, you know how many 3th parties you need before the house of your dreams is yours. You need a real estate agent so who completes, submits, andof does most of the paperwork, such as real estate documents, agreements, and records with the proper state agencies. For this services you pay 1–10% (depending on the country you are living in) as a fee, you also need a bank for a mortgage or if you have enough fiat to transfer the money from your account to the sellers account. If you need a mortgage, you need to pay the bank a certain amount of money too and you need a home inspector to check the condition of your new house, before signing it’s yours to avoid you buy a cat in a paper bag and then you need a notary that will take care of all legal paperwork and takes care that you are the new owner of your dream house. Also the notary will send you a invoice. So buying a house means that you have to deal with at least 3 different companies that wants money from you. it’s a lot isn’t it? They people behind Muxe thought it was time to make this process more easy and less expensive.

Muxe is a online platform that provides everything you need for your real estate needs. How cool is it, that you can buy a new house with muxe coins, so that you can skip the need of a bank, the use a smart contracts and blockchain technology makes it possible to skip all 3th parties that wants lots of money from you? It does not only saves you money, it also saves you lots of time, cause you can find everything on one platform.

Also after the purchase when the property is yours, Muxe is a perfect platform for all your real estate needs. You can find all kind of people that can help you to realise the house of your dreams such as a interior stylist, a painter a contractor all in one place, which saves you time and time is money.

4. Use Location based services and augmented reality to save money

When traveling, we want to avoid tourist traps. We want to drink coffee where locals drink their coffee and go to the restaurant where locals eat real local specialities such as paella in Spain, phoo in Vietnam or Whisky in Scotland. To find those hidden gems we can use apps that use location based services such as Foursquare or Google Maps where you fill in that you want coffee and the app shows you all nearby coffee shops within a range that you have selected. Together with the suggestions it shows you reviews and how to get to those places.

Finding a venue in Foursquare of Google Maps is nice, but it won’t save you any money. Our latest discovery is Lomostar. Lomostar is a platform that combines LBS and cryptocurrencies. They are working on the local view option at the moment. When that is ready, you are able to find a restaurant and open a so called envelope. In that envelope you will find a small amount of cryptocurrencies and maybe a discount coupon too. By saving up all those crypto’s you get get yourself a free drink, meal or access while traveling. How cool is that?