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How to save your Bitcoin?

Other cryptocurrencies and bitcoin are the digital finance with lots of benefits. Basically, it gives the freedom to users but with a high rate of responsibilities. Bitcoin and other cryptocurrency user need to be aware of risk regarding the safety of it.

Losing your coins through hacking is one of the dangerous act ever. Especially, using cryptocurrencies for business transactions. In that case, your needs full security for your coin.  we will discuss some security points for your bitcoins in this article.

Use strong password

Cryptocurrency accounts need the strong password. Most of the users make mistake while they use simple passwords on multiple accounts. Which is causing the heavy loss in transactions. So, make your accounts secure. In addition, set your password of minimum 16 words including letters, numbers, symbols, and capitals.

Check your addresses

Bitcoin accidents are costly. So, take time and make sure the addresses while you are sending money. You need to keep proper check while you are sending or receiving money. Make sure your bitcoin wallet addresses are right because there are too many scams sites that try to steal your bitcoins.

Use Authentications

While you are opening an account with the exchange, you need to activate two-factor authentication for security reasons. Because of your two-factor authentication, it generates the secondary password on your device. Every time, you log in, the site will send you a message of verification. So, scams need the approach to your mobile first.

Cold storage

Isolation of your private keys from the internet to offline is the cold storage of your bitcoins. Paper wallet or hardware wallet is creating this storage. Once, you do it properly, these keys will be un-hackable. Whereas, hardware wallets are the best option to keep your bitcoin secure.

Update your device regularly

Most of the scams directly tend to target window users. Because it is easy to attack any window with viruses. Anti-viruses are not using all the time, they are not able to secure your system mostly. To secure your devices to keep your bitcoin secure, you need to keep crypto related activity separate. Linux is well-known in this context. You just need to update your device.

Counterparty risk

If you are an active member in the trading process, you need to minimize the counterparty risk. For that purpose, you need to keep some points in mind,

  1. While you are not actively taking part in trading, then do not keep your coins in exchange.
  2. It’s better for you to use 20%-30% of coins in trading.
  3. Among several exchanges, diversify your bitcoins.
  4. Make this thing sure that it is fine standing with the crypto community.

Backup of your keys

Electrum and trezor generate 13 or 24 words seeds. who restore your addresses. Make sure the backup of your keys. Write them somewhere else or store in USB device.

 Different addresses

Your transaction can be seen on the different ledger. To secure your coins, you need to generate the new password with each transaction.

Conclusion

Bitcoin transactions are treating like a digital cash. It is the irreversible process of transactions. So, it needs protection. Enhance your security habits to protect your coins.

Tags: Bitcoin payment, Bitcoin Information.

Good luck!

 

 

 

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How to Buy Bitcoins with PayPal Through LocalBitcoins?

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One of the most trusted ways to buy bitcoins is through LocalBitcoins. It’s a destination where buyers and sellers meet and a large number of them sell bitcoins via PayPal for others to use. However, its prices are much higher than that of VirWox.

Following are the steps that you will need to follow to complete a bitcoin transaction on LocalBitcoins.

Step 1: Log Onto LocalBitcoins:

To buy local bitcoins, head over to LocalBitcoins.com and enter the amount of USD (or any other currency), select your country and select “PayPal” as your payment method.

Buying Bitcoins with PayPal through LocalBitcoins

 

Step 2: Select Your Seller:

You should now be seeing a list of sellers willing to accept PayPal. You can run by them one at a time and here are some factors to look into:

  • Feedback Score – It is located under the seller’s name. here you can see the feedback about the seller. We recommend conducting transactions with only high feedback sellers.
  • Trade Limits – Every seller has a minimum/maximum amount they are willing to trade.
  • Payment Window – The time you have left for making a payment and marking that payment ‘done’ after you initiate the trade.

Buying Bitcoins with PayPal through LocalBitcoins

 

Step 3: Verify Credibility of The Seller:

For credibility verification of a seller, click on “see feedback”.

Buying Bitcoins with PayPal through LocalBitcoins

With these points, you can find out if the seller is trustworthy or not.

  • Trade Volume of confirmed Trades- Be sure to check that the number of trades is in proportion to the number of partners.
  • Trusts- The higher this value, the better.
  • Blocks- A higher number of “blocks” than “trusts” is not a good sign.
  • Verifications- If a person has his ID/Passport and other personal details verified, then he can be trusted.

Certain sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud.  This means that you will have to conduct some small transactions to prove your legitimacy.

 

Step 4: Finalize The Trade:

Once you’ve chosen your seller, enter how much you are willing to buy and click on “Send trade request”.

Buying Bitcoins with PayPal through LocalBitcoins

 

Step 5: Payment:

You will be taken to the “Payments” page and you’ve got to “mark the payment complete” on the invoice.

Buying Bitcoins with PayPal through LocalBitcoins

Once this step is finished, the seller will verify your payment and you will receive BTC in your wallet.

Buying Bitcoins with PayPal through LocalBitcoins

 

Things to know:

  • Local Bitcoins also offers “Bitcoin escrow service” to protect you from fraud.
  • You might not be able to buy from every seller of your choice because serious sellers have serious requirements, such as account age, minimum no. of sales, etc.
  • Bitcoins are reflected “Instantly” into your LocalBitcoins wallet once they’ve been released.
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Bitcoin balloons on overheated air

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Spotting bubbles have become a national passion after dot-come and the housing bubble burst in 2000 and 2008. Moreover, few year back investors use to spotted bubbles in gold, equities, credit, and bonds as well.

Here, I will not discuss b-word here to describe those investments. Accordingly, not even nominate any of them. I will give that division to digital currency named bitcoin and its brief Bitcoin Info.

Bitcoin has all characteristics of a bubble in making. First, it totally new. Second, a digital currency that allows the public to do transactions freely without any second party. Where the transactions are controlled by the proper network of computers.

British journalist Mike Dash in his book “Tulipmania” in 17th-century states; “It is impossible to comprehend the Tulipmania without understanding just how different tulips were from every other flower known to horticulturists in the 17th century.” Same sayings with the internet in the 1990s and about cryptocurrency today.

Second, bitcoin is something scary. Like, both parties took part in transaction process anonymously. Which is being the interest for scams, hackers, and criminals as well. Just like a mystery. Similarly, creator of the bitcoin goes by Satoshi Nakamoto, but it is totally unclear who that person is, or is that only one person?

It reminds the bubble in 1720 at the height of the England South Sea bubble, a company floated shares “For carrying-on an undertaking of great advantage but no-one to know what it is.” Definitely, investors do not stop investing in the company.

Third, the thing which makes the bitcoin susceptible is its value. An investment in Bitcoin gives the return of 351 percent annually inspection in July 2010 through Tuesday. To put that in standpoint, investment of $100 is equal to $3 million today. It’s totally an insane return from any investment like Bitcoin Battle.

Riding the wave

In 1720, a share price of the company South Sea rose up to 400 percent within three months and collapse quickly.

Digital gold

Bitcoin is not different from other commodities like gold, oil, vegetables etc. Nevertheless, government and currency market exchanges are standing behind the system. Whereas, with the commodities, investor hold the something at the end of the transaction process. However, bitcoin is something more speculative because it is a digital money.

This treatment is not only with all the investments. A shareholder is enabled to share the company’s assets, sale and purchase transactions. Same as bond’s payments of principle and interest.

This division of value allows many observers to warn that internet stock in the 1990s. In addition, during the housing bubble mortgage bonds were not safe. Similarly, this sort of statement is not possible about the bitcoin.

Good luck!

Tags: bitcoin investment trust

 

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Expected Blockchain Support By Cloud Computing Giant Salesforce

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Salesforce is a world famous company well known for its cloud computing software. It provides services related to customer relationship management in various industries, including healthcare, finance, media, retail, and manufacturing. The revenue generated by Salesforce in the year ending January 31st was $10.5 billion. And now Salesforce is ready for its blockchain integration with a brand new idea.

blockchain and cryptocurrency

Parker Harris, the co-founder of cloud software giant Salesforce has confirmed that his company is hoping to develop a product for Blockchain and cryptocurrency support by September 2018.

The same news was being disclosed by CEO of Salesforce Marc Benioff in an interview with Business Insider on March 28. In that interview he also stated that he had finalised this plan to work on Blockchain technology and various forms of digital currency while he had a chance to participate in the World Economic Forum Davos, Switzerland last January. It was simultaneously being held with a cryptocurrency conference, where Benioff’s conversation with another event attendee transformed into the above mentioned idea according to which Salesforce could actively participate in the utilization of blockchain and cryptocurrency into its current operation.

 

He further added that he had been thinking about various ways through which Salesforce’s strategy around blockchain and cryptocurrencies could be finalized.

What is in Benioff’s Mind?

There were a lot of things which the company CEO did not reveal about his forthcoming product in his interview. However, he stated that he was planning to have a blockchain and cryptocurrency solution for Salesforce and for all its clients.

 

However, in a recent briefing for its Configure-Price-Quote (CPQ) software, the company appreciated the revolutionary blockchain technology for verification and maintenance contracts and automation of trust.

Salesforce is not Alone in this Race

In the past Blockchain was just used as a decentralized ledger to log all cryptocurrency transactions, but now its definition has changed. Now a great number of applications and technologies have a strong connection with it. In the present context,  blockchain keeps or is used to keep record of every digital transaction and exchange which might be in the form of goods, services or private data of any sort. With the passage of time it has been transformed into a global spreadsheet running simultaneously on millions of computers around the globe. The beauty of this technology is that every single individual connected to this peer-to-peer system can see all transactions being made, hence there is no need for a middle man.

 

It is clear that the involvement of Blockchain technology is getting deeper and deeper day by day and no field of life will be functional without it.

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Is Crypto Ad Ban Going To Be A Blessing In Disguise?

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According to the most hot and circulated ICO news 2018 is going to be a year of ban for crypto ads. Internet’s largest platforms have already started to ban all sorts of crypto advertisements.

Even the giants of internet like Facebook and Twitter announced crypto ad ban last January. Reddit took the same decision way back in 2016. Google is being expected to do the same in the near future. It is quite obvious that almost all those websites which are short sure for traffic generation purposes would follow the same protocol in case of crypto industry. No doubt all that scenario was full of hurdles for the crypto industry. Even in terms of cryptocurrency startup it was a big barrier extremely difficult to be crossed. But the crypto researchers and markets entrepreneurs are not looking at it in the same way. They do believe that all that way full of hurdles might prove to be a road of success in the near future. Let us see why they are so much optimistic about it.

crypto ads

How Can This Ban Turn Into a Blessing?

Well for the time being it might be a bad luck for the crypto advertisement but according to various web platforms that are directly related to the crypto industry are quiet optimistic about it. For instance, a website which for the time being does not want to disclose its name due to several reasons, has exclaimed that it will offer its complete platform for the advertisement purposes of crypto. In other words it will lend a hand to make it possible for the crypto startups reach potential investment opportunities. Same idea has been presented by some other giants of the Silicon Valley. No doubt this act will turn that ban into a total blessing, however many things and options must be considered and availed respectively, before the proper implementation of that marketing strategy.

Main Reason Behind the Ban

According to a statement issued by social media giant Facebook the reason for such a drastic ban on crypto related advertisement was only because of the scams associated with the initial coin offerings that come under the definition of misleading or deceptive promotional practices. Especially those tokens which are offered at low prices on these advertisement platforms have proved to be the main target of scammers. Even the Securities and Exchange Commission has declared these tokens unlawful which according to it are securities and must be listed with the agency.

 

On the other hand, entrepreneurs and crypto analysts are agreed upon the fact that by banning such advertisements, Google, Twitter and even Facebook are going to lose a great earning opportunity.

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How to save your bitcoins

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How to save your Bitcoin?

Other cryptocurrencies and bitcoin are the digital finance with lots of benefits. Basically, it gives the freedom to users but with a high rate of responsibilities. Bitcoin and other cryptocurrency user need to be aware of risk regarding the safety of it.

Losing your coins through hacking is one of the dangerous act ever. Especially, using cryptocurrencies for business transactions. In that case, your needs full security for your coin.  we will discuss some security points for your bitcoins in this article.

Use strong password

Cryptocurrency accounts need the strong password. Most of the users make mistake while they use simple passwords on multiple accounts. Which is causing the heavy loss in transactions. So, make your accounts secure. In addition, set your password of minimum 16 words including letters, numbers, symbols, and capitals.

Check your addresses

Bitcoin accidents are costly. So, take time and make sure the addresses while you are sending money. You need to keep proper check while you are sending or receiving money. Make sure your bitcoin wallet addresses are right because there are too many scams sites that try to steal your bitcoins.

Use Authentications

While you are opening an account with the exchange, you need to activate two-factor authentication for security reasons. Because of your two-factor authentication, it generates the secondary password on your device. Every time, you log in, the site will send you a message of verification. So, scams need the approach to your mobile first.

Cold storage

Isolation of your private keys from the internet to offline is the cold storage of your bitcoins. Paper wallet or hardware wallet is creating this storage. Once, you do it properly, these keys will be un-hackable. Whereas, hardware wallets are the best option to keep your bitcoin secure.

Update your device regularly

Most of the scams directly tend to target window users. Because it is easy to attack any window with viruses. Anti-viruses are not using all the time, they are not able to secure your system mostly. To secure your devices to keep your bitcoin secure, you need to keep crypto related activity separate. Linux is well-known in this context. You just need to update your device.

Counterparty risk

If you are an active member in the trading process, you need to minimize the counterparty risk. For that purpose, you need to keep some points in mind,

  1. While you are not actively taking part in trading, then do not keep your coins in exchange.
  2. It’s better for you to use 20%-30% of coins in trading.
  3. Among several exchanges, diversify your bitcoins.
  4. Make this thing sure that it is fine standing with the crypto community.

Backup of your keys

Electrum and trezor generate 13 or 24 words seeds. who restore your addresses. Make sure the backup of your keys. Write them somewhere else or store in USB device.

 Different addresses

Your transaction can be seen on the different ledger. To secure your coins, you need to generate the new password with each transaction.

Conclusion

Bitcoin transactions are treating like a digital cash. It is the irreversible process of transactions. So, it needs protection. Enhance your security habits to protect your coins.

Tags: Bitcoin payment, Bitcoin Information.

Good luck!

 

 

 

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