Is It Safe to Invest in Bitcoin in 2019?

Obviously, the world is becoming digital. Now more and more people from all over the world have access to the internet and all kinds of businesses are going to make money online.
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As the world becomes more dependent on the Internet, the need for a global, secure and digital currency is becoming increasingly challenging. This is exactly what bitcoin and other cryptocurrencies offer. Bitcoin is open to anyone who wants to invest in it.

However, unlike traditional investment opportunities, which are simple and well understood, investing in bitcoin requires time and effort to understand how it works and to understand it properly. Due to lack of knowledge and a lot of conflicting information online investing in bitcoin is scary for many people.
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This article will put your mind to focus on whether to really invest in bitcoin in 2019 or not, but before that ”

Why invest in bitcoin?

Only 21 million bitcoins are available worldwide; and as people continue to mine, coins are born. In essence, this means that bitcoin is valuable. Take for example gold. There is a limited amount of gold; and as more of it is mined it becomes little, and hence more valuable.

The same goes for bitcoins. The value of bitcoin can be checked by anyone. You can tell when new bitcoins are being created and how many are in circulation. You can send your bitcoins globally, and no bank, government or financial institution can freeze them.

Bitcoin has an impact on the global economy; and as more people go online, its usefulness continues to increase.

How to secure your bitcoin

Investing in bitcoin is a serious business that needs to be taken as such. Hackers and fraudsters who want to get valuable information and cryptocurrencies from unsuspecting people are common on the Internet.

Because this type of investment is the Internet and is the most valuable investment on the Internet, it is exposed to many risks. It is wise to take steps to secure your investment.

In the past, there have been cases where hackers have broken bitcoin wallets. There are some best practices you can follow to ensure the security of your bitcoin. Here are some things you need to do:

  • Keep only a small amount of bitcoins in each wallet
  • Encrypt your wallet with bitcoins for an extra level of security
  • Use a password that is extremely difficult to understand even for people who know you
  • Always maintain the software
  • Take a backup of your wallet and store it in various safe places
  • Use an offline wallet to save bitcoin

Before investing in bitcoin, take your time to understand how it works, how you can secure your bitcoin, how it differs from regular currency and how bitcoin affects the world. With all this in mind, you will be able to make the right decision as to whether investing in bitcoin is right for you or not.

Bitcoin Buying Guide – Easy 3-Step Guide to Buying Your First Bitcoin

Looking for a guide to buying bitcoin? I wonder where to start? People have a lot of misconceptions about bitcoin – the first widely known and accepted worldwide cryptocurrency.
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Many people think, for example, that only hackers and shadow people use it. However, in reality bitcoins go basically with everyone from TigerDirect, ending with Expedia.com and ending with Dell and even Subway, accepting payments in bitcoins.

Why so popular?

Well, bitcoin has many advantages over other currencies. For example, you can send someone a bitcoin as a payment without going through a bank intermediary (and get extra fees). It is also much faster than sending money by bank transfer or wire transfer. You can send someone a bitcoin and get them to receive coins in seconds.
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With all this, it is not surprising that many people are now trying to buy bitcoin for the first time. However, it’s not as easy as going to your bank and withdrawing bitcoin – or going to the store and grabbing a little earned money for bitcoin.
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The system works a little differently. This Bitcoin Buying Guide will cover a few things you need to know before buying so that you can buy safely and securely.

First of all, although the price can exceed $ 2,000 per coin, you don’t need to buy whole bitcoins. In most places you can buy portions of bitcoin for only $ 20. So you can start small and go from there when you feel more comfortable working.
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Second, this article is for general purposes only and should not be construed as financial advice. Bitcoin can be risky, and before making any purchase, consult with a financial advisor to find out if it is right for you.
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So, here are 3 easy steps to buying bitcoins:

# 1 Get a bitcoin wallet
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The first thing to do before you buy coins is to get a virtual wallet to store the coins. This wallet is a line of text that people can use to send you bitcoins.
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There are a number of different types of wallets, including the ones you download to your phone or computer, wallets online and even offline, cold wallets.
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Most people prefer to receive a wallet on their phone or computer. Popular wallets include Blockchain, Armory, Bitgo MyCelium and Xapo.
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Usually it’s just like downloading a wallet to your phone as an app or downloading software to your computer from the main wallet site.
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# 2 Decide where to buy
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There are several types of places to buy, and each is somewhat different. There are online sellers who will sell you bitcoin directly for cash (either a bank transfer or a credit card).

There are exchanges where you can buy and sell bitcoins from others – similar to the stock market. There are also local exchanges that connect you with sellers in your area who want to sell.
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There are also ATMs where you are going to buy cash and deliver coins to your wallet in minutes.

Every bitcoin seller has its advantages and disadvantages. For example, ATMs are great for privacy, but they will charge you up to 20% up to the current price, which is ridiculous. (At a BTC price of $ 2,000 it’s $ 400! So you pay $ 2,400 instead of $ 2,000).

No matter where you decide to buy, be sure to research and contact a reliable seller with a good reputation and strong customer service. Buyers will have questions for the first time and may need additional support to help them make the first transaction.
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Take your time and explore different places to buy before making a decision. Factors to consider include coin prices, additional fees, payment method and customer service.

# 3 Buy bitcoin and transfer it to your wallet

Once you have found a place to buy, prepare your funds (i.e. you can send a bank transfer or use Visa to top up your account). Then wait for a good price. (Bitcoin prices always fluctuate around the clock, without weekends). Then place your order when you are ready.
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Once your order is filled and you have the coins, you will want to send them to your wallet. Just enter your bitcoin address and get the seller to send you your bitcoin. You should see how they display in your wallet in a matter of minutes-hours (depending on how fast the seller ships them).

Voila, you are now the owner of bitcoin. You can now send coins to pay for other goods and services, or hang them on a rainy day.

The last thing to remember: bitcoin is still in its infancy. There are huge price fluctuations, and currency can be risky. Never buy more bitcoins than you can lose.

8 Bitcoin Security Tips

Today with bitcoin you can revolutionize your business. You can make payments in virtual currency at any time in seconds. And you do not have to pay anything to the intermediary, because card processing will not be involved.

You have bitcoin in your own Bitcoin wallet that will sort your own bank. But there is a catch. If you lose your wallet key, you will no longer have access to digital money. Also, if the key falls into the wrong hands, your wallet will be empty in seconds. Therefore, for your safety we suggest you follow the following safety tips. Read on.

Use a reliable sharing service

Online wallets are risky because hackers use them for unauthorized access to people’s money. If you really have to use one, make sure you use a reliable sharing service. Once the exchange transaction takes place, make sure you immediately transfer the coins to your own wallet.

Do not allow open access to your wallet

According to Joe Steward, you should not allow open access to your Bitcoin wallets. If an employee gains access to your wallet and makes a transfer to the wallet they have access to, your money will disappear. To deal with this problem, you can use sub-wallets.

Use separate wallets

Often bitcoin wallets, which are constantly connected to the Internet, are prone to network-oriented attacks. So it’s good to use the idea of ​​wallets offline. In fact you need to save digital money in offline wallets. Once you get a large amount of money into your online wallet, make sure you transfer it to your offline wallet as soon as possible.

Store keys offline

It’s a good idea to keep your private keys on an offline computer, which will help you keep hackers and malware at your fingertips. After all, you want to keep the system as secure as possible.

Use special equipment

It is best to use a special USB key to transfer data between the two computers. Again, this will protect your data from potential viruses and hackers.

Use Linux for extra security

If you are looking for the best way to move data between two computers, you can use a USB flash drive. The safest system for this is Linux, as it fights USB threats very well.

Backing up

You will lose your bitcoin or wallet if you end up damaging your computer. So it’s good to back up your wallet for someone else. Ideally you can make multiple backups and store them in different locations.

Use a powerful hardware wallet

A hardware wallet is a USB key that has an on-board computer running a special OS. The equipment ensures the security of private keys.

In short, we encourage you to follow these security tips when it comes to handling digital currencies such as bitcoin.

Bitcoin Wallets – All Aspects Explained

STORAGE OF BITCOINS

Bitcoin is a well-known digital currency, and it is not like the physical and traditional currencies used around the world. This is a completely different type of currency because it does not exist in any physical form and form in the world. They are mostly technically stored and used in the online world. If you want to use bitcoin, you need to have a bitcoin wallet.

What is a bitcoin wallet?

Typically, a bitcoin wallet is software where bitcoins are securely stored. The wallet is similar to a virtual bank account and allows a person to send or receive bitcoin and store bitcoin. People who use bitcoin and have a balance get a private key or secret number for each bitcoin address stored in the bitcoin wallet. Without a private key, a bitcoin transaction is impossible. You can use your Bitcoin wallet from anywhere in the world.

The main reason for getting a bitcoin storage wallet is to use bitcoin easily and safely. This is a digital wallet that works easily on your smartphone and computer devices. If you are involved with hacking, then this is the best option because it ensures the complete security and safety of your bitcoins.

Different forms of bitcoin wallet

There are several different forms of bitcoin wallet, and each is used according to their requirements.

The four main types of bitcoin wallets are mentioned below:

• Mobile

Those who use bitcoins on a daily basis, for example, regularly trade, buy goods and engage in more daily activities, are a great option for their BTC mobile wallet. This is an application that works on your smartphone. This will save your private keys and allow you to pay for things or use cryptocurrencies from your phone from anywhere in the world.

• Internet

Web wallets allow you to use Bitcoin from anywhere easily and from any mobile or web browser. Remember, you need to choose your web wallet carefully as it keeps your private key online and sometimes it can be risky.

• Desktop

Desktop wallets are downloaded and installed on your computer or desktop and offer you complete control over your wallet. You can save the private key and create an account address to send and receive bitcoins.

• Equipment

Hardware wallets are offline devices and are the most secure wallet for bitcoins. They store your private keys offline, so they can’t be hacked. This means you can use it on your computer at any time.

Your coins are completely safe because your bitcoin wallet can only be controlled by you. No one else will be able to get detailed information about your bitcoins if you do not share your password. So use bitcoin without any hassle.