If you have invested in a block service and it has lost money, you are probably wondering why. Or, you may be thinking that if this was not a good service then perhaps you should go with a different one. Either way, here are some reasons your block service may have lost money.
The first reason, your account may have lost interest is the difficulty of obtaining a good provider.
You might see dozens of choices, but you find out the hard way that most of them are not very reliable. What this means is that they will either be slow to react or will make money from you for pennies on the dollar, but then they will not pay you when they do. You are left holding the bag while they take your money for granted. If you happen to work with an account that does not do this, then you will definitely want to look elsewhere for an easier way to get paid.
Another issue may be that your service did not use a secure server. This is something you need to make sure that they are telling you. A good indication of this is a long period of time without a refund being given. This is a clear sign that your account holder is not as interested in making good on their interest.
Finally, your account could have run out of balance. While there is nothing wrong with this as long as you catch this early enough, you may find that it makes it more difficult to make payments. Again, this is not the fault of the service itself, but it is something you have to keep in mind. If you find yourself constantly dealing with this issue, then you might be dealing with an inexperienced service. Try calling them and asking questions before you send them any money. They should be able to give you a good explanation of the situation.
The main reason why your account might have lost money is because you chose a service that was not secure.
Some people think this defeats the purpose of using them in the first place. While this may be true, there are other methods for securing your account. If you are having an issue, consider switching to a better site. The reason is that many services may only offer a small percentage of the rate if you have a secure one to use.
Did you know that by using multiple transactions, you can actually double your earnings? It is not just by receiving cash from one transaction and spending it from another. It also means you could earn twice as much by spending a second transaction and then using an extra transaction to get cash back. All this works best when you use bigger amounts to avoid losing money. With smaller amounts, it is possible to lose too much and end up owing more than you should have.
Another thing to look into is the fees you are being charged.
You may be paying too much in the fees for each transaction and this can end up making you loose money instead of earning. By researching thoroughly and knowing the different charges you can avoid these types of charges and just be able to maximize your profit.
One last thing to look into is the time frame for which your transactions are happening. Blockfi is one of the easiest ways to track activity. However, it does not give you any indication as to when your transactions are happening. This can cause major losses over time. As a result, you will want to look into how often your account is monitored to prevent this type of loss.