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XM has been added as an additional broker to convert forum points to. The first post has been updated to reflect the change.
#361 - February 20, 2024, 09:07:01 PM

Forex Zone Points System in Promotions_topic=585

Vernalta

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Quote from: Admin on February 20, 2024, 09:07:01 PM
XM has been added as an additional broker to convert forum points to. The first post has been updated to reflect the change.
That means can me redeem 1000 points for XM trading?  Or does it have to be a minimum of more than 1000 points, for example (2000 points = $10) for a transfer?
#362 - February 20, 2024, 11:08:09 PM

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Quote from: Vernalta on February 20, 2024, 11:08:09 PM
That means can me redeem 1000 points for XM trading?
Yes, the minimum is 1000 points just like with the other available methods.


Quote from: Vernalta on February 20, 2024, 11:08:09 PM
Or does it have to be a minimum of more than 1000 points, for example (2000 points = $10) for a transfer?
No, just 1000 points are needed. Which is equivalent to $5 with XM.
#363 - February 20, 2024, 11:40:21 PM

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There have been some changes to the Points System:
  • XRP has been added as an additional payment option
  • Bitcoin is no longer pegged, but conversion will happen using current market values instead.
  • The details have been updated in the 1st post to include the above changes and to make everything a little more concise.
#364 - August 02, 2024, 12:30:46 PM

Vernalta

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interesting update sir. so if i want to exchange with XRP must have XRP wallet first? so the value of 1 XRP is the same as 1 FZT? the only difference is we can choose to redeem FZT or XRP.
#365 - August 02, 2024, 01:33:40 PM

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Quote from: Vernalta on August 02, 2024, 01:33:40 PM
so if i want to exchange with XRP must have XRP wallet first?
Yes, you must have a wallet that accepts XRP. There are many wallets that accept XRP though. Some recommendations are Gem Wallet, Bifrost, Exodus, Trust Wallet, and Guarda.

Quote from: Vernalta on August 02, 2024, 01:33:40 PM
so if i want to exchange with XRP must have XRP wallet first? so the value of 1 XRP is the same as 1 FZT?
No, 1 XRP is not pegged to 1 FZT.

The amount of XRP you receive depends on the current market values of each.

Quick example:

1 FZT = $0.01
1 XRP = $0.56

So 1000 points to XRP would be (1000X0.01)/0.56 = 17.86 XRP

Reasons to get XRP:

  • Zero transaction fees
  • Super fast (3-5 seconds)
  • Accepted at many exchanges
#366 - August 02, 2024, 02:57:32 PM
« Last Edit: August 02, 2024, 02:59:46 PM by Admin »

Vernalta

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Quote from: Admin on August 02, 2024, 02:57:32 PM
So 1000 points to XRP would be (1000X0.01)/0.56 = 17.86 XRP
So, for example, if I exchange 1000 points for XRP, will I get 17.86 XRP, sir?
and in comparison it is clearly bigger than XRP
#367 - August 02, 2024, 03:20:43 PM
« Last Edit: August 02, 2024, 03:27:16 PM by Admin »

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Quote from: Vernalta on August 02, 2024, 03:20:43 PM
So, for example, if I exchange 1000 points for XRP, will I get 17.86 XRP, sir?
You will simply get the amount of XRP depending on current market values. The 17.86 was just an example. It may be more or less at the time you convert points.
#368 - August 02, 2024, 03:26:39 PM

Vernalta

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Quote from: Admin on August 02, 2024, 03:26:39 PM
You will simply get the amount of XRP depending on current market values. The 17.86 was just an example. It may be more or less at the time you convert points.
ok i understand sir. so it is indeed fluctuating. ok then thanks for the information maybe i will try it later when my points are enough to redeem. forexzone best forum.
#369 - August 02, 2024, 03:32:39 PM

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Quote from: Admin on August 02, 2024, 02:57:32 PM
Some recommendations are Gem Wallet, Bifrost, Exodus, Trust Wallet, and Guarda.
for XRP wallets that have been tested on this forum or maybe you yourself use it better which one do you suggest admin? because I want to try but am still a novice with all these XRP wallets
#370 - August 03, 2024, 08:31:16 AM

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Quote from: Dyandra on August 03, 2024, 08:31:16 AM
for XRP wallets that have been tested on this forum or maybe you yourself use it better which one do you suggest admin? because I want to try but am still a novice with all these XRP wallets
I have tested Gem Wallet, Bifrost, Exodus, Guarda, and Trust wallet so far. All worked fine and there were no problems.

It depends on what type of wallet you want too. If you're looking for a desktop application then Exodus and Guarda are good choices. You can also exchange different coins within these wallets too without leaving the wallet. If you're looking for a browser extension then Gem Wallet and Trust are good. Gem in particular is good since you can use it to interact with the XRP ledger. For example, buying and selling on a DEX in just a couple clicks. If you're looking for a mobile app then Bifrost is good.

There are other wallets too, but those are the ones I used. Some of the wallets mentioned above have different versions of their wallet too. For example, I think Trust is both a browser extension and mobile app depending on your preference.
#371 - August 03, 2024, 12:11:51 PM

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Quote from: Admin on August 03, 2024, 12:11:51 PM
I have tested Gem Wallet, Bifrost, Exodus, Guarda, and Trust wallet so far. All worked fine and there were no problems.
I understand a little admin, so i have to use a personal wallet, not a direct CEX wallet like (binance, OKX, Bitget) right admin?
#372 - August 04, 2024, 08:11:03 AM
« Last Edit: August 04, 2024, 12:25:49 PM by Admin »

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Quote from: Dyandra on August 04, 2024, 08:11:03 AM
I understand a little admin, so i have to use a personal wallet, not a direct CEX wallet like (binance, OKX, Bitget) right admin?
It's a good question. I think the XRP should be sent to your personal wallet. Just like previously with Signa. You can then take the XRP and exchange within your wallet (eg. Exodus or Guarda) or to an exchange of your choice. You can also connect to a DEX with your wallet (eg. Gem wallet). Some good DEX's are Sologenic and XPMarket.
#373 - August 04, 2024, 12:27:11 PM

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Some changes have been made. All up-to-date details can be found in the first post.

CHANGES:

  • Recurring Sub-Tier Points have been added as an additional method to get points. These are in addition to the one-time referral points bonus. Whenever one of your direct referrals manually redeems points, you will receive 10% of whatever amount they claim. Every time your direct referral manually redeems points, you will get the 10%. Your referral must be linked to your account using the referral system and they must be in good standing with the forum. Recurring referral points are available only to VIP MEMBERS.
  • Bitcoin has been removed as an available payment option. The reason is because the Bitcoin transaction fees are too expensive. They eat up too many of a member's points just to send the transaction. FZT, SIGNA, and XRP are faster and have near-zero transaction fees!
  • UnitedPips has been added as an additional broker for free trading money.
#374 - October 29, 2024, 10:48:52 PM
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