Why Choosing the Right Bitcoin Wallet is Important
A few days ago Forbes ran a story about Olaf Carlson-Wee who has lived for three years using only bitcoin as currency. The 26 year-old works for bitcoin start-up Coinbase, so he obviously has a personal investment in proving the viability of bitcoin as a currency; even so it’s an impressive achievement. Carlson-Wee began his journey before bitcoin began to achieve its “trendy” image, and if he can do it then it’s certainly achievable for others, and likely to become more so with the introduction of products like the Shift debit card which was released by Coinbase. Having said all of that....
Related News
Although there is no lack of Bitcoin exchanges available for people who want to invest or trade in BTC, there are a few things you should know before you get started. Transferring your money over to an exchange can be an arduous process at times. Hopefully, it will get easier in the future, but right now it takes a certain degree of thought and planning. Bitcoins are not easy for people to acquire. If you're able to objectively evaluate a few things before deciding on one, you might be better off than choosing the exchange that has the best-looking website. Let's cycle through some of the....
KWh aside, there are other important factors for miners to consider in both the choosing of their machine and the operational decisions they make.
2017 is almost here and the bitcoin price is surging! Are you surprised by how much your bitcoin is worth? Don't let that surprise turn to dismay by losing it. Now is the perfect time to take a few basic precautions to keep your cryptocurrency secure. Here are 8 do-it-yourself tips to help you improve your security: 1. Backup today. You can never say it enough: back up your wallet. If you haven’t yet backed up your wallet, do it now. Most hardware and software wallets use an industry standard backup protocol called BIP 39 that allows your wallet backup to be 12, 18, or 24 English words.....
As soon as day traders realized that Bitcoin may be here to stay, a large number of them decided to start trading bitcoins on various Bitcoin exchanges. Although the early days of Bitcoin were plagued with plenty of scams where exchanges or wallet providers would run away with the bitcoins overnight, the reality is that we are now looking at a much more mature market for trading bitcoins. Whether you're looking to enter your trades manually or have some bots do all the work for you, it's important to understand how Bitcoin trading actually works before you dive into the deep end. Choosing....
The so-called “brain wallets” have always been a topic of heavy debate in the Bitcoin world, as this solution to store funds is far from secure. Memorizing passwords is hard enough for people, but there are bigger worries with brain wallets than most people anticipate, according to a new study. Despite the idea of a brain wallet using cryptography to add....