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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 and sell bitcoin for cash

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Bitcoin has taken the world by storm over the last couple of years. everyone, be it a kid or an elderly person, seems to be talking about Bitcoin as it is deemed to be the instant way to become rich. And quite rightly so, as there are numerous stories of people going from rags to riches just within a matter of days/months. This has led people believing bitcoin is an instant way to become and they are often seen asking: how to buy a bitcoin / bitcoins?

How to buy and sell bitcoin for cash

The best and safest way to buy Bitcoin is through exchange. There are numerous exchanges that sell Bitcoin both in bulk and minority. Some reliable exchanges are: CoinBase, BitQuick, Wall of Coins.

Once you have bought bitcoins and held them long enough to significantly appreciate in value, it’s time to sell.

Don’t know how to sell bitcoins?

Trade them at an exchange or find buyers in your area through local bitcoins and sell them on high returns.

You can sell Bitcoin for cash, commodities such as gold, or something you want to have in your locker to look at.

Remember that Bitcoin is highly unstable and continuously goes up and down in value. So, don’t hold much on your bitcoins and sell them right when the profit is high.

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A Blockchain Based Real Estate Platform Goes Live In The US

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ShelterZoom, an Ethereum blockchain-based online platform for the real estate, has gone live in the U.S., with worldwide markets to go live in the first quarter of 2018.

New York City-based Cyrus Charter, the first customer on the platform, is in the midst of an initial test for the ShelterZoom stage that started in November. What’s more, 10 clients have started a beta test. The organization recently announced its first WordPress real estate theme affiliate, Estalik, and its first Australian organization, Arena Property Agents.

ShelterZoom is intended to streamline the way toward making and accepting real estate sales offers, decreasing printed material and enhancing the transparency of purchasing and selling. The framework has been worked to the Real Estate Standards Organization principles.

The ShelterZoom online incorporates a dashboard, the Offer NOW gadget, and a portable application which is accessible on Google Play and iTunes, empowering buyers and specialists to instantly submit offers from online real estate listings with only a couple of clicks or taps.

Sign Ups Are Being Accepted:

The site is now allowing sign-ups for the Offer NOW gadget, which can be coordinated with any affiliate site including real estate listings with a couple of lines of code, at no cost to the sign-ups before Jan. 31, 2018.

ShelterZoom charges $8 for each offer submission following the free beta timeframe finishing by Feb. 28, 2018.

“ShelterZoom is well positioned to bring the whole real estate industry onto it,” said Chao Cheng-Shorland, prime supporter, and executive. The gadgets can be received by any real estate site. Cheng-Shorland drives the multi-national team alongside fellow benefactor and chief Amir Allen Alishahi.

“Standardized, straightforward, and secure offers are the eventual fate of the business,” Cheng-Shorland included.

Versatile Dashboard:

Clients can track, accept, reject or counter offers progressively, while purchasers and operators can track offer statuses on their ShelterZoom dashboards. All parties to an exchange can get push or text notifications all through the procedure and chat with each other.

“We will see quick adoption of blockchain technology by commercial centers, associations, and whole enterprises,” said Sergey Fradkov, ShelterZoom technical advisor. “Blockchain and related digital money usage will empower new plans of action and streamline collaborations between members. They will likewise empower new members to rapidly build up themselves in the business fragments and create numerous new business opportunities.”

Canada, Australia, Europe, and countries in the Middle East are set to go live on the platform in the first quarter of 2018.

Story credits: ccn.com

Image: Google images

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Is Investing in Bitcoin a Good Option or a Bad Option?

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Is Investing in Bitcoin a Good Option

Over the past few months, Bitcoin investment has seen a steady rise in its value. At the time of writing, one bitcoin is worth $1157.27 USD. This incredible value appreciation has grabbed the attention of many people. Also, with the media and government paying attention to the virtual currencies, the number of people looking to start their Bitcoin venture has gone off the charts.

Another reason as to why digital currency is gaining so much popularity is its worldwide acceptance as a form of payment at retails, corporations and large business organizations.

Moreover, it has made transactions quicker, safer and cheap as compared to the transactions involving fiat currency.

With all this being said, one question pops up into the mind: “should you make Bitcoin investment or not?”

The goal of this article is to provide you detailed insight on this question. So, let’s get started.

Should You Invest in Bitcoin or Not?

How to invest in Bitcoin?

Before asking “should you invest in Bitcoin or not?” you would need to know that there are two different ways through which you can invest in Bitcoin:

  • Buying Bitcoin and holding on until the value appreciates
  • Mining

The first one is quite simple. You go to a Bitcoin exchange, buy bitcoins and hope for the value to go high.

Mining, on the other hand, is a little tricky because when a transaction takes place, it goes straight to get verified by miners over the network. The verification process involves some complex algorithms. However, once the transaction is verified, the miners receive freshly mined BTC as a reward.

One of the biggest risks involved in Bitcoin mining is that the currency has no inherent value, is relatively new and has a price which is highly volatile.

Despite the risk, plenty of private companies and organizations are investing a colossal amount of money in BTC. Moreover, the currency is being accepted as a form of payment throughout the world, which indicates that it’s only going to increase in usage and the likelihood of it dropping back to zero is extremely low.

Another risk involved in Bitcoin mining is the difficulty. In earlier days, the difficulty level was not so high and people could easily mine new blocks through their PCs and regular laptops.

However, the difficulty has now gone to the next level with more people joining mining pools.

Since the max that bitcoins will ever reach is 21 million, the closer you get to the number, the harder it becomes to mine the coins, hence the lesser rewards.

If a miner wants to make money through Bitcoin mining, he must invest big in high-tech mining equipment. Even then, profits are not guaranteed.

Apart from these two, there is a safe third option. If you can create some complex algorithms/graphic cards through some cheap equipment, then you can expect higher profits. However, a large majority of people don’t have the sufficient skill set to succeed through this option.

So, What’s the Advice?

Keep yourself updated with the market trends, browse through Bitcoin forums and do some research regarding costs before taking a dive into the BTC world. Following these rules would increase your chances of success by over 100%. Good luck with your venture.

Tags: BTC investment sites.

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Ethereum Wallets – Top 5 Ethereum Wallets To Store Your Coins

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In the world of digital currency, there are numerous names that claim to be the best of the pack. They will often come up with catchy advertisements to grab the attention of those looking to invest in virtual currency.

However, Most of these so-called cryptocurrencies are scams – working for the sole purpose of stealing your money. If you want to make a safe investment, Bitcoin and Ethereum are the securest options, and to keep your digital assets secure, you will need a digital wallet.

Our previous articles were about Bitcoin and the wallets that store Bitcoin. In this article, we are going to talk about the best wallets to secure Ethereum.

Most Popular Ethereum Wallets:

Our rundown of most popular Ethereum wallets starts with:

CoinBase:

CoinBase is one of the largest and most reliable digital wallets to store digital coins such as Bitcoin, Ethereum, Litecoin, etc.

The wallet was established in 2012 and is available in both app and web versions. One of the primary advantages of CoinBase is that it doesn’t only allow users to store digital assets but also gives the option to buy crypto through bank transfer.

EthereumWallet:

EthereumWallet is a Canadian based wallet which uses a JavaScript design. The wallet collects data at the client side where an address is created to support Ethereum transactions. EthereumWallet is considered one of the safest to secure your Ethereum assets.

MyEtherWallet:

The wallet allows its users to send and receive coins simultaneously with the help of an Ethereum address. Similar to Ethereum wallet, MyEtherWallet uses a JavaScript-based design and collects data on client’s side. Due to the fact that data generation is done in the browser instead of the server, MyEtherWallet enables you to make offline transactions: my personal favorite feature of this wallet.

Exodus Wallet:

Exodus is a desktop wallet with a catchy UI and alluring design. In terms of UI and also the security, Exodus is one of the best if not the best wallet out there.

Exodus is only partially open source and there are many components that are restricted to the third party. In simple words, the Bitcoin community does not get to review the full code of Exodus wallet. But, if you are looking for your Ethereum safety, you can opt for Exodus without a second thought.

ETHADDRESS:

Another Ethereum wallet with a design developed in JavaScript. Similar to EthereumWallet and MyEtherWallet, ETHADDRESS also facilitates data generation at the client side but is different in look; more like a paper wallet to be precise.

Wrap Up:

So, these are some top Ethereum wallets to store your coins. All are pretty safe, secure, and easy to use. If you have any questions regarding these wallets or any other subject related to cryptocurrencies, please drop them in the comment section below.

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