Easy Guide to SIDRA Cryptocurrency
What is SIDRA?
SIDRA is a cryptocurrency project that offers a fast, secure, and scalable blockchain platform. You can trade SIDRA, and its price has been going up recently. You can also mine SIDRA for free every day using Sidra Chain.
How to Mine SIDRA with Sidra Bank
Create an Account:
Sign up to start mining.
Validate Transactions:
Use your mobile device to help validate transactions. This process is secure and transparent.
Earn SIDRA Coins:
You earn SIDRA Coins based on your contribution.
Is Sidra Bank Mining Real?
Yes, Sidra Bank mining is real and not a scam. The project follows all relevant laws and regulations.
P2P Verification Update
Recently, Sidra Bank introduced peer-to-peer (P2P) verification for accounts with over $1000.
Understanding P2P Verification
Tweet Confusion:
A tweet mentioned that accounts with more than $1000 need P2P verification, causing confusion.
Conversion Rate:
Sidra Bank clarified that 1000 Sidra equals $1000 USD, so 1 Sidra is worth $66.6 USD.
Who Needs Verification?:
Accounts with 16 Sidra or more need P2P verification. Others don't.
Verification Progress
Sidra Bank has verified 35,000 users and is still processing more. Ensure your documents are clear and clean for faster verification.
KYC Verification
The verification process is similar to the Know Your Customer (KYC) process.
Clear Communication
Sidra Bank clarified that:
- Accounts with transactions under $1000 don't need P2P verification.
- Accounts with transactions over $1000 need to verify with other users from their religion.
Conclusion
Sidra Bank aims to be clear and transparent, helping users understand and feel satisfied with the process.
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