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Tuesday, February 27, 2018

Spend Your Bitcoins Here




Buy home goods. 
Overstock.com 

Overstock.com was the first big online retailer to start accepting bitcoins in January of 2014. The company allows its customers to pay for everything from laptops and television sets to throw pillows and ottomans with bitcoins. In fact, Overstock.com allows customers to use all the major cryptocurrencies, including Ethereum, Litecoin, Dash, Monero, and the new Bitcoin Cash.

To use a cryptocurrency on Overstock.com, at checkout simply select your preferred currency to complete your purchase. The payment system will convert the currency into bitcoins and finalize the purchase. Editor's note: Overstock subsidiary tZero is part of a joint venture trading digital coins launched during initial coin offerings.

Travel the world on bitcoin.
www.expedia.com

Expedia is one of the world's largest online travel booking agencies, and since June of 2014 users have had the option to pay for their hotel bookings with bitcoins.

Like Overstock.com, Expedia teamed up with Coinbase to implement the new payment option. Bitcoin payment is only accepted for hotel bookings at the moment, but may be expanded to include payments for flights, activities and more.

Get gift cards for thousands of companies. 

eGifter.com

eGifter is a popular gift card site and mobile app that lets users buy gift cards for all sorts of places, including Amazon, JCPenny, Sephora, Home Depot, Kohl's and more. eGifter uses Coinbase as their bitcoin partner. More >

Newegg.com
Shop with thousands of merchants. JDawnInk/DigitalVision Vectors/Getty Images

If you're not familiar with Shopify, all you really need to know is that it's an ecommerce platform that allows merchants to set up their own online shops to sell their products similar to Etsy or eBay. In November of 2013, all 75,000+ Shopify merchants received the option to start accepting bitcoin payments with the help of BitPay.

Watch TV using bitcoins.

Dish Network


Satellite television and Internet service provider Dish Network accepted its first bitcoin payment in August 2014. Dish is one of the largest companies so far to adopt any kind of cryptocurrency, and also the first subscription-based TV provider to do so.

The bitcoin payment option is now available for DISH customers choosing to make one-time payments on mydish.com. Customers will still have the option to make any payment online via credit card, debit card or bank account.

Dish has partnered with Coinbase for its bitcoin transactions. More >

Move across the country. screenshot/Roadway Moving

At the end of 2017, Roadway Moving Company became the first moving company to accept Bitcoin as a valid form of payment by customers. Citing the lack of sales tax as a plus for the payment system, the company accepts Bitcoin payments for customers who have a hot wallet (digital assets connected to the internet). Cold wallet payments are not accepted. More >

Buy pizza with bitcoin. 

www.PizzaForCoins.com


Hungry? Get your pizza fix using bitcoins and more than 45 other cryptocurrencies at PizzaForCoins.com Once the site verifies it has a pizza joint (Dominos, Pizza Hut or Papa John's) that is close to your location, you can order your pizza and pay for it with digital currency. A small fee for the service is included in your final payment amount. Yum! More

www.IntuitLabs.com

Small businesses can accept cryptocurrency payments through Intuit, which offers a PayByCoin service as part of its QuickBooks Online electronic invoice service.

Before accepting payments in bitcoin, small businesses must first turn on PayByCoin inside QuickBooks Labs and then link a Bitcoin payment processor to their QuickBooks Online account from Company Settings. When a customer chooses to pay the invoice online with bitcoin, the customer is presented with instructions from the linked Bitcoin payment processor to complete the transaction.

The business can then elect to receive final payment in cryptocurrency or another currency. Intuit does not charge a fee for this add-on service but the Bitcoin network typically does.

Microsoft.com

You can use Bitcoin to deposit funds into your Microsoft account. These funds, however, can only be used to purchase games, movies, and apps in the Windows and Xbox stores; you can't use them to buy things from the Microsoft online store.

Note: Any Bitcoin funds deposited are non-refundable. 

There's a lot of fine print (this IS Microsoft, of course) but, on the other hand, Microsoft has the process pretty well streamlined. If you're a gamer or avid movie fan, this is a reliable service to use.  More >

Visual7/E+/Getty Images

Reeds Jewelers is an American fine jeweler with brick-and-mortar locations in 13 states plus a national online presence. All locations accept bitcoin (aka cryptocurrency).

Purchases can include fine jewelry, watches and loose diamonds. Free delivery via armored transport is available for purchases of loose diamonds valued at more than $25,000.



Gyft.com

 A second digital gift card platform accepts Bitcoin.

Gift cards are a useful option for those holding cryptocurrency; the cards can be used as needed to purchase goods at more than 200 retailers.

Gyft offers cards from retailers such as Target, Sephora, CVS Pharmacy, Whole Foods, Hotels.com, Southwest Airlines, and more. You can purchase these cards with a Coinbase wallet. More >

www.Cheapair.com

 Fly with CheapAir using your cryptocurrency. After you choose your flights you are given your payment options, including BTC. You can make both domestic and international flight arrangements with CheapAir.

The travel company has been accepting bitcoin payments since 2013 and is the only one that will accept the currency as payment for air travel. Transactions are finalized using your Coinbase wallet.

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Here Is Why You Should Accept Bitcoin At Your Business

Accepting And Using Bitcoin In Your
Business
While many online and brick-and-mortar shops and businesses have added Bitcoin to their payment options, it’s still not as widespread as the Bitcoin community would like it to be. Most business owners still prefer traditional payment methods as they simply don’t know enough about Bitcoin and what they’d get out of adding it to their business.
Many don’t trust Bitcoin and its volatility. They’re probably thinking that with such volatile changes in the dollar-bitcoin exchange rates, they would probably end up losing their profits. This fear is understandable, but there have been so many innovations nowadays that this really isn’t a concern at all.
After all, many well-known companies like Microsoft, Overstock, Expedia, Wikipedia, Wordpress.com, Shopify, and so much more, are already accepting Bitcoin payments.
Online And Offline Businesses Can Accept Bitcoin Payments
Just because Bitcoin is a virtual currency that is electronic in nature doesn’t mean that offline shops can’t take advantage of receiving bitcoin payments. For online shops, you can integrate payment processors such as Stripe, Coinbase, Braintree, and more, into your e-commerce site’s checkout page.
For offline shops, you can choose from Bitcoin terminals or Point-Of-Sale apps such as XBTerminal, Coinify or Coingate. You can also print out QR codes that your customers can scan with their mobile wallets and easily pay you in bitcoins.
Once your bitcoin wallet is set up, all you have to do is announce to the whole world you’re ready to accept Bitcoin payments!
How To Handle The Volatility Of Bitcoin
The thought of losing your profits and essentially giving away your merchandise for free to your customers is one scary thought as you can quickly go bankrupt if all your customers paid in bitcoin.
At one point in time it may have been true, but with Bitcoin payment processors like Coinbase and BitPay, it’s now possible to receive your payments in bitcoin and have it instantly converted to US dollars or any other supported currency. This way you avoid all the risks associated with bitcoin and receive the full dollar amount you’re supposed to receive.
To illustrate, if your customer pays you $100 worth of bitcoin for a pair of jeans, then you’re going to receive exactly $100 in your bank account. The payment gateway you use, for example BitPay, will shield you from bitcoin’s volatility so you always get the full dollar amount.
For the more enterprising business owners who can handle Bitcoin’s unpredictability, the opportunity to make even more profit from the bitcoins they’ve been paid with might be irresistible.
If you belong to this category, you would probably choose to keep your bitcoins in your digital wallets, and forego the use of a payment processor who will automatically convert your bitcoins to dollars. Why Your Business Should Start Accepting Bitcoin Payments
Bitcoin was created by Satoshi Nakamoto in response to the 2008 financial market crash which almost crippled the entire global economy. He created it to solve or overcome the problems we have with having a centralized banking system that benefited banks more than they did consumers.
Just think about the bank fees you have to pay everytime someone pays you for your product or service. Deposit fees, withdrawal fees, transaction fees, credit card fees, and all sorts of fees are deducted from your hard- earned money.
Bitcoin’s purpose was to avoid all that, and this peer-to-peer electronic cash system was Satoshi Nakamoto’s solution to the problem. The system was created essentially so that everyone gets what is due them without the unnecessary intervention of banks and government.
The Benefits Of Bitcoin Payments For Your Business
There are plenty of benefits for your business if you choose to start accepting bitcoin payments. Here are some of them:
No Risk Of Chargebacks
Paypal, credit and debit card payments leave your business vulnerable to chargebacks. Most, if not all, businesses (both online and offline merchants) have probably experienced this problem at one point or another. Dealing with a chargeback is a headache-inducing and time- consuming process. Your customers can claim to not recognize the charge on their card statements, or their card was stolen and somebody else used it to buy from you, or they’re upset that your merchandise was not as described or it was defective.
Some people simply like to do chargebacks because they want to get an item for free, especially if it’s a high-value item. Of course, this is a very unethical thing to do, but you can’t predict your customers’ behaviors.
With Bitcoin payments, there is zero risk of chargebacks because all payments, once it has been confirmed, are final. There is no way for anyone, not even the savviest and smartest programmers in the world, can reverse or undo a bitcoin transaction.
Bitcoin payments offer merchant protection that is unparalleled by any other payment option available today. No bank and no government can give you the level of merchant protection that Bitcoin does.
No Fraud And Double Payments
The Bitcoin network is an extremely secure payment system. Unlike banks, Bitcoin is incorruptible. Before Bitcoin came along, double payments and fraud were a very real problem with digital cash but luckily, thanks to the efforts of Satoshi Nakamoto, the problem of double spending was finally solved.
Bitcoin is a decentralized, peer-to-peer payment system. Everyone on the network sees all the bitcoin transactions that have ever taken place. This transparency makes it difficult for fraudsters to fake records so they can spend the same amount of bitcoins twice or double spend it. This massive ledger, also known as the blockchain, keeps a record of all transactions. A transaction is only added to a block once it has been confirmed or verified by miners that the transaction is valid.
Near Instant Payments
Bitcoin payments are fast, irrevocable and final. There’s no way for anyone to undo any bitcoin transaction. As long you indicate the correct bitcoin address for your customers to pay into, you’re good to go, and your bitcoins will arrive in your wallet usually within 10-45 minutes.
Using the correct bitcoin address is obviously a very important point to consider because if by any chance, you present the wrong bitcoin address, then there’s no way for you to recover those bitcoins. Unless of course, you know who owns that bitcoin address, then you can simply ask them to send those bitcoins to your correct address.
Another upside to using payment gateways like Coinbase and BitPay is that you can receive your cash in your bank accounts within 2-3 days. These services usually send payments every business day (not everytime a transaction occurs).
Alternatively, if you want to keep your bitcoins, that is, you don’t want to convert them to dollars, then that’s perfectly fine. You can select this option in your payment gateway settings. Either way, you’re going to get your bitcoins or your dollars very conveniently and in less time than if the customer paid with Paypal or a credit card. Negligible Transaction Fees
With bitcoin payments, you get to keep more of what your customer pays you. You effectively cut out the middleman (your bank) with their expensive fees. You will still need to pay a very small bitcoin transaction fee which goes to the miners who verify all bitcoin transactions and add it to the ledger or blockchain.
This transaction fee is almost negligible and is a mere equivalent to cents, unlike the fees your bank or credit card company requires you to pay!
For credit card payments, merchants are usually charged an interchange fee (paid to the bank or card issuer) and an assessment fee (paid to the credit card company such as Visa or Mastercard). On average, these fees will end up costing the merchant around 3% to 4% per transaction.
In comparison, for bitcoin transactions, the fees are typically around 10,000 Satoshis or 0.0001 bitcoin. You’re free to set your own fees, but the higher the transaction fee you set per transaction, the faster bitcoin miners will confirm your transaction.
For a $1,000 credit card payment, the fees that merchants have to pay would be around $30 to $40. For a similar purchase amount paid for in bitcoin, the transaction fee would roughly be around $1 if the current bitcoin price is say, for example, $10,000 per bitcoin ($10,000 x 0.0001 = $1).
You can already see just by this example that bitcoin transactions will save you a lot of money just in transaction fees. Imagine how much you will get to save if you’re able to sell your $1,000 product just 10 times a day or 100 times a day! Increased Sales And More Profit For You
Bitcoin doesn’t discriminate where anyone comes from. Even if your customer lives in a country known for credit card fraud, in Bitcoin’s eyes everyone is equal. If you’ve ever tried to accept payments from customers in these countries, you know just how difficult and cumbersome the entire process is.
Paypal, Stripe and other popular payment gateways don’t accept or support many countries with high prevalence of fraud. But with Bitcoin, you can easily accept payments from anyone who lives anywhere in the world. All they need to pay you is just your bitcoin address!
They don’t need to send their photos and national ID cards, so your customers’ privacy is well protected. And as you already know, all bitcoin transactions are final, so there’s no way for any of your customers to do a chargeback like they easily can with a credit card.
Bitcoin makes the world a smaller and better place. It erases borders, government red tape, and bureaucracy. It allows merchants and business owners like you to receive payments from customers who are unfortunate enough to live in countries with a high fraud rate.
Bitcoin protects you and your business. At the same time, it allows you to provide your service and your products to everyone in the whole world.


Small businesses can accept cryptocurrency payments through Intuit, which offers a PayByCoin service as part of its QuickBooks Online electronic invoice service.

Before accepting payments in bitcoin, small businesses must first turn on PayByCoin inside QuickBooks Labs and then link a Bitcoin payment processor to their QuickBooks Online account from Company Settings. When a customer chooses to pay the invoice online with bitcoin, the customer is presented with instructions from the linked Bitcoin payment processor to complete the transaction.

The business can then elect to receive final payment in cryptocurrency or another currency. Intuit does not charge a fee for this add-on service but the Bitcoin network typically does.

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Saturday, February 17, 2018

Where To Find The Best Happy Hours In Las Vegas.


Linq Casino

Chayo Mexican Kitchen and Tequila Bar at the Linq
http://www.chayolv.com/

Everyday - 2:00 PM thru 6:00 PM
Drinks $2 XX  $2 Bud Light
Drinks $5 Margaritas Add a Flavor For a $1 Mango, Strawberry, Peach, Raspberry, Watermelon, Cucumber
2 for $5 street taco chicken or beef
$5 nachos $5 wings
Three Beef Sliders With Cheese $9
Groupons are for regular priced food and drink items only.


Squeeze
Drinks 2 for 1 Cocktails for Las Vegas Locals

Stratosphere Casino
http://www.stratospherehotel.com
107 SkyLounge
Everyday - 1:00 AM thru 4:00 AM
Drinks 2 for 1 Cocktails
Everyday - 4:00 PM thru 7:00 PM
Drinks 2 for 1 Cocktails
Food 1/2 price appetizers
Everyday - 10:30 PM thru 1:00 AM
Food 1/2 price appetizers

Air Bar at Stratosphere
Everyday - 7:00 PM thru 10:00 PM
Drinks $3 Off Thrill Ride Specialty Drinks
Drinks $5 Jager Bombs
Drinks $8 16 oz Frozen Cocktails

C Bar at Stratosphere
Everyday - 8:00 AM thru 8:00 AM
Drinks endless Happy Hour!! New Drink Specials Every 2 Hours

McCall's Heartland Grill at Stratosphere
Everyday - 3:00 PM thru 7:00 PM
Drinks $4 Mimosa, Well Drinks, Draft Beer & Champagne
Drinks $5 House Wine, $5 Off Whiskey Flights. $6 Jim Bean, Jack Daniel's.
Food $6-$8 Menu Specials
Everyday - 11:00 PM thru 2:00 AM
Drinks $4 Mimosa, Well Drinks, Draft Beer & Champagne
Drinks $5 House Wine, $5 Off Whiskey Flights. $6 Jim Bean, Jack Daniel's.
Food $6-$8 Menu Specials.


Radius Wet Lounge at Stratosphere 
Everyday - 6:00 PM thru 10:00 PM
Drink Specials!

SLS Casino
https://slslasvegas.com
Katsuya by Starck
Monday - 6:00 PM thru 10:30 PM
Drinks 50% off Bottles of Sake
Thursday thru Monday 5:00 PM - 7:00 PM
Drinks $7 Hot Sake,Well Drinks, House Wines and Kirin Drafts
Drinks $8 Specialty Cocktails
Food $5-$11 Food Menu

MGM Casino
https://www.mgmgrand.com

Crush
Monday thru Thursday 5:00 PM - 7:00 PM
Drinks $6 Wines by the Glass, Sangria, or Sin City Light Draft Beer.
Food $11 Cheese & Caper Pizza

Emeril's New Orleans Fish House
Everyday - 2:00 PM thru 6:00 PM
Drinks $5 Beers, $7 House Wines Wells, and $8 Specialty Cocktails
Food $8-$12 Hot Plates, $8 Soups, and $10-$25 Chilled Seafood Plates
Everyday - 9:30 PM thru 10:00 PM
Drinks $5 Beers, $7 House Wines & Wells, and $8 Specialty Cocktails
Food $8-$12 Hot Plates, $8 Soups, and $10-$25 Chilled Seafood Plates

Planet Hollywood Casino 
https://www.caesars.com/planet-hollywood

Blondies Sports Bar & Grill
Monday thru Friday 3:00 PM - 6:00 PM
Drinks $20 All you can Drink Wells
Drinks $20 All you can Drink Domestic Drafts

Monday thru Friday 10:00 PM - 1:00 AM
Drinks $20 All you can Drink Wells
Drinks $20 All you can Drink Domestic Drafts

Koi
Everyday - 5:00 PM thru 7:00 PM
Drinks Half-priced signature drinks
Food Half-priced select appetizers

Aria Casino
https://www.aria.com/en.html?
808 Sushi
Sunday - 3:00 PM thru 9:30 PM
Food All you can Eat Dinner ($24.95)

Monday thru Friday 11:30 AM - 3:00 PM
Food All you can Eat Lunch ($20.95)

Monday thru Thursday 3:00 PM - 10:00 PM
Food All you can Eat Dinner ($24.95)

Monday - 6:30 PM thru 8:30 PM
Food Food Specials (dine in only) thru football season

Thursday - 6:30 PM thru 8:30 PM
Food Food Specials (dine in only) thru football season

Friday - 3:00 PM thru 11:00 PM
Food All you can Eat Dinner ($24.95)

Saturday - 3:00 PM thru 11:00 PM
Food All you can Eat Dinner ($24.95)

Bardot Brasserie
Everyday - 5:30 PM thru 7:00 PM
Drinks $5 Select Beers,
$7 Select Cocktails,
$8 Select Wines
Food
$3 Select Oysters, $8 Tartines

Cosmopolitan Casino
https://www.reservations.com/hotel/the-cosmopolitan-of-las-vegas?
Rose. Rabbit. Lie.
Drinks$8 Signature Cocktail Specials; $10 House Wines
Food$2-$10 Food Specials

Estiatorio Milo's
Monday thru Sunday 5:00 PM - 6:30 PM
Drinks $6 Lager
Food Small Bites starting at $10
Drinks $12-$13 Greek Wines by the Glass.

Jaleo
Sunday thru Thursday 4:00 PM - 7:00 PM
Drinks $4 Select Beer and Cider, $6 Select El Vermut.
Drinks $7 Select Sherry, $8 Sangria
Food $4-$6 Tapas

Scarpetta
Monday thru Thursday 5:30 PM - 7:00 PM
Drinks $7 Select Beers, Wines and Specialty Cocktails
Food $7 Small Bites

Wicked Spoon Buffet
Drinks Cocktails $5,
Wine by the Glass $8,
Wine by the Bottle $20,
Bud Lite, Miller Light, Michelob Ultra $5

Paris Casino 
https://www.caesars.com/paris-las-vegas
Chateau Nightclub & Gardens
Tuesday - 10:00 PM thru 4:00 AM
Drinks Beer & Cocktail service available (no happy hours listed)
Ladies with local I/D always get in FREE!!!!!!!

HEXX Kitchen + Bar
Everyday - 2:00 PM thru 6:00 PM
Food  20% Off Snacks, Appetizers, Pizza
Drinks  $4 Beer of the Day, $5 Angry Orchards, $6 Selected Beer Bottles.
Drinks  $7 Well Drinks, many Wines, and Special Cocktails, $8 Drafts.

Everyday - 2:00 AM thru 6:00 AM
Food 20% Off Snacks, Appetizers, Pizza
Drinks $4 Beer of the Day, $5 Angry Orchards, $6 Selected Beer Bottles.
Drinks $7 Well Drinks, many Wines, and Special Cocktails, $8 Drafts.

Friday thru Saturday 10:00 PM - 4:00 AM
Weekends - 7:00 AM thru 2:00 PM
Food Weekend Brunch Specials
Drinks Bottomless Mimosas

Le Burger Brasserie Sports Grill
Monday thru Friday 4:00 PM - 6:00 PM
Drinks 2 for 1 Drink Specials

Le Central Bar at Paris Hotel
Sunday thru Thursday 7:00 PM - 9:00 PM
Drinks Happy Hour Pricing on All Specialty Cocktails

Ballys Casino
https://www.caesars.com/ballys-las-vegas
Tequila Taqueria
Everyday - 3:00 PM thru 5:00 PM
Drinks Happy Hour Drink Specials
Food Happy Hour Food Specials

Everyday - 10:00 PM thru 11:59 PM
Drinks Happy Hour Drink Specials
Food Happy Hour Food Specials

BLT Steak
Sunday thru Thursday 4:00 PM - 6:00 PM
Drinks 1/2 Off All Drinks in Bar or Lounge Area






happy hour, cheap drinks, beer, food, half off, drink deals,  House Wine, Whiskey Flights, Jim Bean, Jack Daniel's, grey goose, house drinks, Drink Specials, Emeril's New Orleans Fish House, Crush, MGM Casino, Stratosphere Casino
"happy hour, cheap drinks, beer, food, half off, drink deals,  House Wine, Whiskey Flights, Jim Bean, Jack Daniel's, grey goose, house drinks, Drink Specials, Emeril's New Orleans Fish House, Crush, MGM Casino, Stratosphere Casino"


[happy hour, cheap drinks, beer, food, half off, drink deals,  House Wine, Whiskey Flights, Jim Bean, Jack Daniel's, grey goose, house drinks, Drink Specials, Emeril's New Orleans Fish House, Crush, MGM Casino, Stratosphere Casino]

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Friday, February 16, 2018

How To Acquire Bitcoin Trading Strategies.

Bitcoin Trading Strategies
Common sense and self-control should take precedence over greed and the idea of profiting thousands of dollars in a single day. Here are some bitcoin trading strategies to guide you in the trading world.
Practice First
Learning the ins and outs of bitcoin trading is great, but knowing just theory is different from real-world application. Some bitcoin exchanges offer a demo account where you can play around and experience real-world trading using real-time prices.
You’ll get a feel for the landscape, so to speak, and you’ll see for yourself whether you’ve got the stomach for the high-risk game of bitcoin trading.
Plan Your Strategy
To trade bitcoins successfully, you need to have a good strategy in place. You don’t just blindly follow the news and think that because everyone’s buying bitcoins, then you should be buying too.
Have a plan in place on what price you should buy bitcoins at and what price to sell them at to profit, and make sure you stick to that plan. This means keeping your panic at bay whenever you see the price drop.
Invest Small Amounts
As part of your practice or training strategy, you should start small and don’t go all in when you first trade. It is fine to lose all your ‘money’ in a demo account, but when it’s real money, you don’t want to risk losing huge sums on your first day.
 Control Your Emotions
It’s normal to feel alarmed at the first hint of losing your money. However, as you already know Bitcoin is very volatile, and in a single day, the price can go down by hundreds or thousands of dollars. But the opposite is also true. The price can just as easily go up in the next hour or so.
If you keep your emotions in check and think logically, you too can make serious money with Bitcoin trading.
However, if you fail to control your emotions and you let your panic overcome you, then you’re bound to lose.
Popular Bitcoin Trading Platforms
Now that you know some very useful Bitcoin trading strategies, it’s time to learn about some of the most popular trading platforms for Bitcoin and other cryptocurrencies.
Coinbase
Coinbase is one of the biggest digital currency exchanges in the world today with over 50 billion dollars’ worth of digital currency exchanged since 2011. They currently serve more than 10 million customers based in 32 countries.
The platform is very easy to use, and you can easily buy and trade your digital currency.
• To begin, you have to create a free digital wallet which you can use to store your cryptocurrency.
• Next, you need to link your bank account, credit or debit card, so that you can exchange your local currency into the cryptocurrency of your choice.
• Once your account is set up and funded, it’s time to buy some crypto.
You have the option to buy bitcoins, ethereum, and litecoin. You can do this either on their website or their handy mobile app.
Now that you’ve got some bitcoins, you can choose to start trading on Coinbase’s GDAX (Global Digital Asset Exchange) trading platform although this is geared towards more advanced and experienced traders.
For beginners though, it’s best to stick to Coinbase’s more newbie-friendly interface. The good thing about Coinbase is that your digital currency is fully insured while your fiat currency (local currency) are stored in custodial bank accounts. The USD Coinbase wallets of US citizens are covered by FDIC insurance, up to a maximum of $250,000.
To sell your bitcoins, ethereum or litecoins, you simply need to indicate the amount you want to sell and the wallet you’re selling from. Then select the linked bank account you wish to deposit your cash to.
At this time, Coinbase does not allow the proceeds of your sale to be sent to a credit or debit card, so it’s important you link a bank account to your Coinbase account.
Kraken
Kraken is one of the most trusted names in bitcoin and cryptocurrency exchange since 2011. The company is also considered to be the largest bitcoin exchange in terms of Euro volume and liquidity. In addition to trading bitcoins, they also trade US dollars, Canadian dollars, British pounds and Japanese yen.
Many international users love Kraken because it’s very accessible internationally and they support many different types of national currencies and cryptocurrencies.
Kraken offers many options for trading. You can easily trade between any of their 17 supported cryptocurrencies with Euros, USD, CAD, JPY, and GBP. They offer so many possible trading pairs, they have a very long page dedicated just for their fee scthemhedule!
To get started with Kraken, you need to create a free account. After you’ve verified your account, you can then fund it with cash or cryptocurrency and then place an order to buy bitcoins (or another crypto) on the exchange.
When your order request is fulfilled, you can then withdraw your bitcoins/crypto to your wallet. Their web interface is relatively simple when ordering, however, their trading tools are robust and are great for more advanced users.
To sell bitcoins, you need to send your bitcoins from your wallet to your Kraken account and then create a new order to sell or trade them for any of the available national currencies. Once your order is filled, you can then proceed to withdraw the cash to your linked bank account.
CEX.io
CEX.io is one of the most popular cryptocurrency exchange platforms today with over 1 million active users worldwide. However, the company wasn’t originally an exchange; it was actually established in 2013 as the first ever cloud mining provider. While the mining aspect of the business has since been closed, their exchange platform is clearly thriving.
Many users appreciate CEX.io’s pricing transparency. If you’re buying bitcoins, they make it so easy for you to see how much your $100, $200, $500 or $1000 is going to get you. You can also easily see just how much bitcoin you can buy in British Pound, Euro, and Russian Ruble. The buying price is updated every 120 seconds.
To get started, you need to create an account and add funds to it by using your credit card (you can link any number of credit cards to your account), or you can do a bank transfer, too. They accept USD, EUR, RUB, GBP, or your local currency.
Once the funds are added to your account, you can easily buy bitcoins with 1 click. You then have the option of storing it in your CEX.io wallet, trade it or withdraw to your personal wallet.
Selling bitcoins is also very easy on CEX.io. Simply have the bitcoins in your account, then use their handy buy/sell section for instant cash, or you can place an order in the Trade section of the site (you might get a better exchange rate if you trade).
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Wednesday, February 14, 2018

How To Start Using Bitcoin As An Investment Strategy


  1. Using Bitcoin As An Investment

Strategy
Bitcoin is a relatively new form of currency which is just starting to gain traction and worldwide acceptance. With the recent exponential growth in the value of Bitcoin, many people are investing in this digital currency to hopefully reap huge profits in the future.
In this guide, we will cover the basics of using bitcoin as an investment strategy. Note that we are referring to long-term investment here which is not the same as trading bitcoin for short-term profits.
Investing in the highly volatile cryptocurrency market may not seem like such a good idea for some people. Ideally, you’d have nerves of steel, the discipline and focus to ignore short-term gains, as well as the patience to hold your investment until the right time comes.
If you’re really determined to own a small share of the crypto-market, then you should at least know the most suitable methods so you can make the most of your investment.
 
     Bitcoin Investment Methods
Dollar Cost Averaging Method
This strategy is best for beginners to the investing world because you don’t need to worry about entering the market at the right time. You don’t have to stress yourself waiting for the price of bitcoin to go down; rather, you just buy at regular time intervals to spread the risk and hold/store your bitcoins in a cold, secure wallet (like a paper wallet or hardware wallet).
For example, if you have an extra $100 to spare every week, you can buy bitcoins every week. Some weeks your $100 may buy you more bitcoin, and some weeks the same amount will buy you less.
This method gives you peace of mind because you don’t need to worry about the dips in bitcoin price.
You just have to be disciplined enough to follow your regular schedule and buy when you need to buy without looking at the bitcoin price charts. You don’t wait for the price to go down just because you see a downward trend on the charts, you just go right out and buy your bitcoins.
With the dollar cost averaging method, your profits will also average out when you decide to sell your bitcoins. It might not come anywhere close to profits if you invested using the lump sum method, but if you sell at the right time (when the price is high), you’ll still make a healthy profit from your investment.
Lump Sum Investing Method
The lump sum method is a much riskier method of investing bitcoins because you will be buying your bitcoins at a single price point.
If you have $100,000 to invest, you will, of course, want to buy the most number of bitcoins, so you wait for the price to go down. To maximize your investment, you will be compelled to wait for the possible lowest price before buying your bitcoins.
This method means you will have to ‘time’ the market, so you buy at just the right time. Of course, this is easier said than done with a volatile commodity like bitcoin. The price varies so much it’s extremely difficult to predict when the next price dip is so you can buy at that price.
Trying to time the market can cause a lot of headache and stress to an inexperienced investor. It just brings too many ‘what ifs’ to mind, such as:
‘What if I just wait a few more hours, the price may go down, and I’d be able to buy more bitcoins then.’ Or ‘What if the price never goes down to the price I want to buy bitcoins at, I’ll never be able to buy bitcoins.’
When it comes to selling off your lump sum investment in the future, you may find it hard to sell as well because you’ll be waiting to sell at the right time so you can make the most profit.
You’ll try to predict the highest price point, and you’ll berate yourself if you sold too soon and lose out on the possibility of much greater profit.
The good thing with lump sum investment method though is if you manage to buy at the lowest possible price and sell at the highest possible price, then you’ll make a much bigger profit than if you invested bitcoins using the dollar cost averaging method.
  Crypto Hedge Fund Investing Method
If you don’t want to trouble yourself with learning the basics of investing using either the dollar cost averaging method or the lump sum method, you might be better off investing your money in a cryptocurrency hedge fund. However, this option is best suited for people who can afford to pay their hefty management and performance fees.
The management fee is paid upfront; some funds require a 2% management fee so if you’re investing $100,000, $2,000 of that is going to the management fee which means only $98,000 will be invested in cryptocurrency.
Also, your hedge fund manager will get a percentage of your profits. Some managers require a 20% performance fee so if you profit $50,000 from your investment, $10,000 of that is going to be paid as an incentive fee.
The hedge fund method may not suit everyone, but if you look beyond the fees, you’re at least looking at a hands-off approach to investing which could prove to be very profitable for both you and your hedge fund manager.
Strategies To Succeed In Bitcoin Investing
Investing in bitcoin is similar to investing in stocks. Both are high risk and high reward investments which, undoubtedly, is not for everyone.
Bitcoin is even more volatile than stocks so if you want to invest in this cryptocurrency or any other crypto for that matter, you need to know the following strategies to succeed. Have A Solid Plan In Place
Don’t invest blindly and don’t invest just because everyone you know has bought bitcoins. When investing, you need to have a good, solid plan in place where you draw your entry point and your exit point.
Your plan will need to be in accordance with the investment method you’ll choose to follow. So if you choose the dollar cost averaging method, you need to have a solid plan like how much and how often you’ll be buying bitcoins.
For lump sum investing, you need to know in advance at what price you’ll be buying your bitcoins and buy at that price (don’t wait for it to go any lower). For hedge fund investing, you need to consider the fees you need to pay and know the best time to invest.
Be Prepared For Volatility
This is the number one strategy you need to master. Everyone knows that bitcoin is a highly volatile investment with prices going up and down by hundreds of dollars in mere minutes. You might think to yourself you already know it’s going to be volatile because you’ve seen the charts and the graphs and you’ve practiced in a demo bitcoin exchange account.
You can handle the risk, you tell yourself. But when you’ve got thousands of real dollars on the line, it’s a very different scenario. Especially if you’ve worked hard to get those dollars! You might have worked for it for months or years, and there’s a very real chance you could lose it all in just a few minutes. The best thing you can do is to not bother with the dips at all. Just do something that will help you relax and keep your mind off bitcoins because if you don’t, you can literally go crazy. Bitcoin investing is like a roller coaster ride; you just need to hold on really, really tight until you get to the end of the ride!
Keep Calm And Don’t Panic
Saying this to panicked investors is very easy, but when you’re the panicked one, it’s a different feeling altogether. The thought of thousands of dollars down the drain is enough to send anyone to a mental breakdown which would, of course, lead to irrational decisions.
If you don’t think clearly, you might think of cutting your losses right there and then without thinking of what’s going to happen in the long term. If you played your cards right, your bitcoins would be worth so much more than when you paid for it. But you’re never going to experience that if you panic and sell early.
Keep Perspective
Investing in bitcoin is a long-term financial activity. It’s different from day-to- day trading which involves a lot more technical analysis so a trader can make a nice profit. When investing in bitcoin, you have zoom out of the bitcoin price charts and look at the overall picture. Don’t bother looking at the daily, weekly or monthly charts because it’s going to bring you nothing but stress.
Look at how far bitcoin rates have come. From literally a few cents when it first started to thousands of dollars now. And experts are saying this upward trend will continue for many more years to come so if you ride out the highs and lows of bitcoin, you’ll end up with a very nice investment portfolio in a few years.
Don’t Spend What You Can’t Lose
This is probably the most important advice you need to take note of. You already know investing in highly volatile cryptocurrencies can either make you insanely rich or bankrupt. But it doesn’t have to be these two extremes.
You don’t have to invest your entire fortune or your entire life savings in bitcoin or any other cryptocurrency!
The most prudent thing you can do is to only invest what you can afford to lose. This means not spending any money that you cannot afford to lose.
Whether you choose to invest using the dollar cost averaging method, lump sum investing method, or maybe even investing in a crypto hedge fund, don’t use money that needs to be used somewhere else.
If you’ve got money set aside for your retirement, a health fund, an emergency fund, or maybe even your kids’ college money, don’t even think about touching these funds. So many families have fallen apart because of wrong financial decisions and spent such important funds on risky investments.
If you’ve done something similar in the past and was able to get away with it, that is, you’ve made some profits, then don’t get cocky and think you can do the same with cryptocurrency. It’s a different animal, so to speak. It’s the Wild West of investments right now, and you don’t want to lose your hard- earned money.
Patience And Discipline Are Keys To Success
Bitcoin investing is a long-term game. You need to be patient when the bitcoin price goes down, and your investment along with it.
If you’ve looked at bitcoin trends, you’ll see it’s been in an upward trend since its inception in 2009, so you just need to ride out the troughs until you get to the right crest where you’ll be happy to sell your bitcoins.
In the world of Bitcoin investing, there’ll be many troughs and crests. You just need the discipline to hold on to your investments and not get scared when prices get too low.
Likewise, don’t get too excited when the price goes up. A solid plan, patience, and discipline will lead you to bitcoin investing success.
Hindsight Is Always 20/20
Don’t berate yourself if you bought at a price much higher than the current bitcoin price. And there’s no point getting angry at yourself if you sold your bitcoins too early when the price goes up after you sold.
No one can predict the future. So the best thing for you to do is just aim to make a tidy profit and not think about the ‘what ifs’ because that’s really not going to help you at all. As they say, hindsight is always 20/20. To put things into perspective, if everyone can see the future, we would all have invested in bitcoins when it was first introduced by Bitcoin founder, Satoshi Nakamoto.
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Thursday, February 8, 2018

How To Trade And Sell Your Bitcoin And Other Cryptocurrencies For Profit

Trading And Selling Your Bitcoin For
Profit
Trading and selling your bitcoin can be a very profitable activity. You
probably know someone or heard about someone who bought bitcoins in
the early days when they were worth almost nothing, and ended up selling
each bitcoin for thousands of dollars!
Or you may know people who engage in trading bitcoins and are profiting
very nicely as well. It might seem easy, but the truth is, trading bitcoins is
not for everyone.
Beginners are especially advised to take caution and to be mentally and
financially ready before taking the plunge into this exciting high-risk and
high-reward world. When trading, it’s common sense to follow the ‘buy low
and sell high’ strategy so you can make a profit.
You don’t want to sell at a price lower than when you bought in because
you’ll be selling at a loss. But all these sounds easy on paper.
In the real world, when you’re dealing with bitcoins that’s worth hundreds,
thousands or even millions of dollars, if you don’t have the right mindset
and the financial discipline, you could panic very easily.
Especially if you’re trading bitcoins that represent your entire life savings,
your retirement fund, or your kids’ college tuition! Bitcoin Trading Strategies
Common sense and self-control should take precedence over greed and
the idea of profiting thousands of dollars in a single day. Here are some
bitcoin trading strategies to guide you in the trading world.
Practice First
Learning the ins and outs of bitcoin trading is great, but knowing just theory
is different from real-world application. Some bitcoin exchanges offer a
demo account where you can play around and experience real-world
trading using real-time prices.
You’ll get a feel for the landscape, so to speak, and you’ll see for yourself
whether you’ve got the stomach for the high-risk game of bitcoin trading.
Plan Your Strategy
To trade bitcoins successfully, you need to have a good strategy in place.
You don’t just blindly follow the news and think that because everyone’s
buying bitcoins, then you should be buying too.
Have a plan in place on what price you should buy bitcoins at and what
price to sell them at to profit, and make sure you stick to that plan. This
means keeping your panic at bay whenever you see the price drop.
Invest Small Amounts
As part of your practice or training strategy, you should start small and
don’t go all in when you first trade. It is fine to lose all your ‘money’ in a
demo account, but when it’s real money, you don’t want to risk losing huge
sums on your first day. CEX.io
CEX.io is one of the most popular cryptocurrency exchange platforms
today with over 1 million active users worldwide. However, the company
wasn’t originally an exchange; it was actually established in 2013 as the
first ever cloud mining provider. While the mining aspect of the business
has since been closed, their exchange platform is clearly thriving.
Many users appreciate CEX.io’s pricing transparency. If you’re buying
bitcoins, they make it so easy for you to see how much your $100, $200,
$500 or $1000 is going to get you. You can also easily see just how much
bitcoin you can buy in British Pound, Euro, and Russian Ruble. The buying
price is updated every 120 seconds.
To get started, you need to create an account and add funds to it by using
your credit card (you can link any number of credit cards to your account),
or you can do a bank transfer, too. They accept USD, EUR, RUB, GBP, or
your local currency.
Once the funds are added to your account, you can easily buy bitcoins with
1 click. You then have the option of storing it in your CEX.io wallet, trade it
or withdraw to your personal wallet.
Selling bitcoins is also very easy on CEX.io. Simply have the bitcoins in
your account, then use their handy buy/sell section for instant cash, or you
can place an order in the Trade section of the site (you might get a better
exchange rate if you trade). You can quickly withdraw your earnings to your Visa or Mastercard and
receive your funds instantly. Alternatively, for larger transactions, you can
withdraw via bank transfer or SEPA if you’re in Europe.
Bitstamp
Founded in 2011 in the UK, Bitstamp is one of the pioneers in Bitcoin
trading. They are constantly improving their services, and to date, they
allow trading of bitcoin, ripple, litecoin, ether and bitcoin cash. Bitstamp has
a good reputation worldwide especially since they accept trades from
anyone in the world.
All major credit cards are accepted as well, so it makes the platform very
friendly to international users. They also promise no hidden fees with
transparent volume-based pricing. They guarantee that 98% of digital funds
are stored offline for security.
Bitstamp does not sell bitcoins themselves. Instead, they provide a service
or platform where people trade directly with each other and buyers get their
bitcoins and sellers get their cash at the price they want.
To get started with buying and selling bitcoins, you must create a Bitstamp
account. You then need to transfer funds to your account via SEPA, wire
transfer or credit card. Once payment is credited, you can place an instant
buy order which will allow you to automatically buy bitcoins at the lowest
price offered on the Bitstamp market.
A second option to buy bitcoins is by placing a limit order wherein you can
set the price you are willing to buy bitcoins. To sell bitcoins, you need to load your Bitstamp account with bitcoins first.
Once you’ve done this, you can then place an instant sell order to
automatically sell your bitcoins at the highest price offered on the market.
Alternatively, you can place a sell limit order where you can set the price at
which you are willing to sell your bitcoins. Once your bitcoins are sold, you
can proceed to withdraw your funds in USD or EUR currency.
Bitfinex
Since 2014, Hong Kong-based Bitfinex has been the world’s largest
cryptocurrency trading platform in terms of volume. This full-featured spot
trading platform allows trades among the major cryptocurrencies such as
Bitcoin, Ethereum, Litecoin, Money, Dash, Ripple, and more. Having such a
large volume of Bitcoin exchanges happening on this platform implies the
best liquidity.
This means you can trade a large volume of bitcoins at the price you want.
Bitfinex’s fees are also very low as compared to other cryptocurrency
exchanges on this guide. This is why a lot of people like trading on this
platform as more money goes to their accounts instead of being paid in
fees.
Funding your Bitfinex account is not as simple as the other exchanges
though. The only way to deposit money is via bank wire transfer which can
take days. On top of the delay, you’d also have to pay Bitfinex a 0.1% of
the deposit amount with a $20 minimum. Withdrawing your dollars is also a
headache as they only offer bank wire withdrawals. Your money may take
up to 7 days to post to your account! To avoid this inconvenience, trading experts suggest getting your bitcoins
or other crypto elsewhere and then just transferring it to your Bitfinex
account. For withdrawals, you can withdraw your crypto to your wallet and
then sell it locally. This workaround means you just use Bitfinex strictly for
trading cryptocurrencies.
Are You Ready To Start Trading Bitcoins?
There are many more bitcoin and cryptocurrency exchanges we’ve not
been able to include in this guide. It’s best to perform due diligence and
research before selecting a trading platform. Just remember that whichever
cryptocurrency exchange platform you choose to do business with, you
must always move your cryptocurrency to a more secure wallet such as a
hardware wallet or paper wallet.
Don’t leave it in your exchange’s wallet as it’s at great risk of being stolen
by hackers. If you must store some in your online wallet, just keep the
smallest amount you can afford to lose.
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How To Store Your Bitcoin And Other Cryptocurrency Safely

Bitcoin Storing – How To Store Your
Bitcoin And Other Cryptocurrency
Safely
Keeping your bitcoins safe from prying eyes, malicious bots, hackers and
your garden-variety thieves, is not easy. Everyone wants a piece of bitcoin
nowadays, it seems.
If people know you’ve invested in Bitcoin in the early days, and you still
have your investment with you, then they know you’re literally sitting on top
of a fortune. We don’t want to sound sinister, but it’s just sad a fact of life
that some people will do anything for money or in this case, bitcoins.
There are many ways you can keep your precious digital fortune safe. Just
like your paper money, you can store different amounts of bitcoin in
different types of wallets. Some are ‘hot’ wallets while some are considered
‘cold.’ You’ll learn more about these types of wallets as we go through each
of them in this guide.
It’s important to mention here that when we say ‘keeping the bitcoins safe,’
we’re actually referring to keeping the ‘private key’ safe. Within your wallet,
your bitcoins would have an associated address, and each bitcoin address
is composed of a ‘public key’ and a ‘private key.’
The public key is THE bitcoin address itself, and it can be shared with
anybody. The public key can be compared to an email address. Everybody
who knows your email address can send you emails.
  The private key is analogous to your email password. Without a password,
no one can read your email. In the same way, without a private key, you
can’t make a transaction to send bitcoins to another user. This is why
keeping the private key safe is of utmost importance.
If hackers get hold of your private key, they can send ALL your bitcoins to
their own accounts.
Because of the way Bitcoin is designed, there’s no way for you to know
where your bitcoins would be sent and there is absolutely zero chance of
retrieving any bitcoins.
Bitcoin’s most attractive features such as near-instant transfers,
anonymous and irreversible transactions are also your biggest concerns if
your private keys get stolen. Once your bitcoins are stolen and transferred
to another user, you really have no other choice but to accept the fact and
move on. There is nothing else you can do.
So let’s move on to how you can keep your private keys, and your bitcoins,
safe from hackers and thieves.
Online Wallets
The easiest way to get started with bitcoins is by getting an online wallet.
You don’t even need to have bitcoins yet to get your own wallet. You can
simply go to sites like Blockchain.info, Coinbase.com, and other bitcoin
exchange platforms to create your first wallet.
Online or web wallets are great for those just getting their feet wet with
bitcoins and those who don’t have a sizeable inventory of bitcoins yet.
   They are easy to setup, they’re very convenient, and you can access them
from anywhere with an Internet connection. Online wallets are ‘hot wallets’
for this very reason – anyone can access your wallet, too!
In fact, what’s even worse is that most web wallets store your private keys
on their servers so if the platform is hacked, then your bitcoins are as good
as gone.
Likewise, if a serious technical glitch happens on the site, your private keys
could be compromised or totally gone. There’s also the very real threat of
having your account limited or suspended by the platform. You may
unknowingly go against the site’s terms of service or something similar, and
they can shut your account down, and your private keys, forever.
If you’ve got a significant bitcoin stash, then it’s best if you move it to a
more secure ‘cold’ wallet that’s not connected to the Internet. Not having
control over your bitcoins is a scary thought and one that you shouldn’t take
a chance on.
While there are inherent risks to online wallets, it’s not all bad especially if
you make transactions frequently. You can just store a few bitcoins in your
online wallet for those regular transactions and keep the rest in a more
secure wallet.
This way you’ll still get to experience the convenience of an online wallet
while having peace of mind that a large percentage of your bitcoins are out
of harm’s way. Mobile Wallets
Just like online wallets, mobile app wallets are also ‘hot’ wallets because
you can easily access your bitcoins anywhere you’ve got an Internet
connection. Out of all the wallets on this guide, mobile wallets are the most
convenient. It may not be the safest, but no one can deny its convenience.
You can send bitcoin payments to any merchant online or offline. Some
web wallets have a mobile counterpart. For instance, both Blockchain.info
and Coinbase mobile wallets are synced to your web wallets which is really
very convenient as both wallets sync automatically so you can see your
balance when you log in or access either wallet.
This convenience is precisely why more local businesses should accept
bitcoin payments. The Bitcoin community is growing at an exponential rate,
and these savvy users would be installing mobile wallets on their iPhones
and Android smartphones.
There’s probably no easier way for them to pay than just scanning your
bitcoin address’ QR code and hitting that Send button to pay for your
products or services!
However, not everything is good with mobile wallets. For instance, your
private keys can still be accessed by hackers whether it’s saved on a third
party server or your mobile phone.
If you lose your mobile device or it gets damaged, you could also
potentially lose all your bitcoins and other cryptocurrency if you didn’t make
backup copies of your private keys and stored them somewhere safe. The best way to take advantage of a mobile wallet is by only transferring
what you need from a more secure wallet (like a hardware wallet) to your
mobile wallet. This way even if you lose your phone, and you can’t recover
your private keys on there, then you won’t be losing all your bitcoins.
Desktop Wallet
The third type of wallet you can use to store your bitcoins relatively safely is
a desktop wallet. It’s basically a desktop app where you store your private
keys in. The most popular one, though not always the most practical one, is
Bitcoin Core.
When you install the software, you need to make sure you have more than
150GB (or more) free disk space as it will automatically download the entire
blockchain dating back to 2009!
You can’t not download the blockchain as Bitcoin Core will not process any
transaction unless the entire ledger has been downloaded to your system.
Once it’s been downloaded, you can then start sending and receiving
bitcoins to your wallet.
If you don’t have plenty of disk space to spare, nor the bandwidth to
download such a massive file, then here’s some good news for you --
Bitcoin Core is not the only desktop wallet available nowadays.
You’ve actually got plenty of choices to choose from such as Electrum,
Bither, Armory, and more, which don’t require you to download the
blockchain as it uses SPV (Simple Payment Verification) technology. Desktop wallets are relatively easy to use, and it’s safer than a web or
mobile wallet because you can just disconnect your computer from the
Internet to avoid hackers from getting in your system and stealing your
private keys.
Of course, it’s not as convenient as a web or mobile wallet, but at least you
have full control over your private keys. You can keep a backup copy of the
keys just in case your computer gets stolen, infected with a virus or
permanently damaged.
If you don’t backup your private keys, you could lose all your bitcoins in
the blink of an eye.
Paper Wallet
It might sound weird at first to store your digital cryptocurrency in a paper
wallet. You’re probably going to ask why anyone would do that when
bitcoin doesn’t exist physically.
Bitcoin and paper may not seem like a match made in heaven, but when
you think about it, they actually do. Well, on some level at least.
Paper wallets are a form of ‘cold storage’ because Internet hackers won’t
ever get to hack into your little piece of paper. There are plenty of skilled
hackers who can find a way to access most computers and servers, but
we’re pretty sure paper isn’t one of them.
Your bitcoins may be safe from hackers but not from offline thieves. If you
don’t take care of your paper wallet, if you leave it lying around in unsecured places, then you’re literally giving someone the keys to your
fortune!
Water is also something you should consider when using paper wallets.
Storing your wallets in zip locks and other water resistant containers should
help overcome this problem.
Paper wallets are not as convenient as mobile or web wallets, but they are
definitely more secure. You can print both your public and private keys and
hide it somewhere safe like a safety deposit box.
Paper wallets are the best type of wallet for storing your private keys for
long periods of time.
If you don’t intend to touch your bitcoins for months or years, then you can
create paper wallets. Of course, just like we’ve recommended in previous
sections, it’s best to keep a few bitcoins (only what you can afford to lose)
in more convenient wallets so you can continue sending and receiving
bitcoins. The rest of your private keys can go in the paper wallet.
Hardware Wallet
There’s a consensus in the Bitcoin community that hardware wallets are
the safest bitcoin wallets and something every serious Bitcoin investor and
enthusiast should consider buying. Unlike the other wallet types we’ve
covered so far in this guide, hardware wallets are relatively expensive.
Of course, if you’ve got a considerable number of bitcoins to protect, then
it’s really a small price to pay for keeping your fortune safe. Most hardware
wallets support a host of cryptocurrencies so if you’ve invested in non-bitcoin currencies too, then you’ll find this type of wallet to be an excellent
purchase.
Hardware wallets are basically powerful and durable USB sticks which you
plug into your computer when making a bitcoin or cryptocurrency
transaction. When you’re done, simply remove the wallet and store it
somewhere safe.
A unique security feature on hardware wallets is the ability to generate
private keys offline which means that it’s less vulnerable to hacker attacks.
These sturdy little devices allow you to bring your private keys anywhere
with you without fear of having it exposed to the outside world.
Setup is also quick and easy with hardware wallets. Depending on the
wallet, you can assign a PIN code, password, or recovery seed words
which you can use to authenticate your access as well as recover your
bitcoins in case your wallet is lost or destroyed.
Just in case you get some form of amnesia and forget your recovery
details, you should write down your secret details and hide it somewhere
only you know. Otherwise, if someone finds it, either by accident or by
design, then your bitcoins and whatever cryptocurrency you have on there
will soon be gone.
Hardware wallets are excellent for storing all your cryptocurrencies safely.
Whether you’ve got a sizeable collection of digital currency or not, you
never have to worry if your wallet will be hacked and your money stolen. Your private keys are relatively safe. You just need to make sure your
memory never fails you, and you’ll always remember where you’ve hidden
your wallet backups!
To sum up this guide, the best wallet for your bitcoins and cryptocurrencies
are actually a combination of different wallets. Use hard wallets or paper
wallets for long-term storage, desktop wallets for medium-term storage,
and web and mobile wallets for short-term storage and frequent
transactions.
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