latest-bitcoin-news · 2 years ago
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How can I keep my crypto safe? A blog about security of your cryptocurrency.
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Introduction
It's easy to get excited about the potential of cryptocurrency, but there are also risks involved. If you're planning on investing in cryptocurrencies, you'll need to understand how they work and what your options are for keeping them safe. In this post I'll cover some tips for staying safe from hackers and thieves while using cryptocurrency.
Security tip #1: Use a hardware wallet to store your private keys offline.
A hardware wallet is a secure way to store your private keys. It's a physical device that stores your private keys offline, which means there's no chance of losing them if you misplace it or forget where you put it.
You should use a hardware wallet at all times when interacting with cryptocurrencies, as they are not connected to the internet and much more secure than online exchanges or online wallets such as Coinbase (which can be hacked).
Security tip #2: Only keep as much cryptocurrency online that you'll need to make day-to-day transactions.
If you're keeping cryptocurrency on an exchange and the exchange gets hacked, your funds will be lost.
It's also important to keep some of your cryptocurrency offline. For example, if you have $50 worth of bitcoin sitting in a wallet on Coinbase, wouldn't it be better for that money to sit in a personal wallet where it can't be taken by hackers? Or perhaps even better still: keep all of your crypto at home instead of leaving it somewhere else like at an exchange or computer/phone?
Security tip #3: Write down and store the 24-word recovery phrase for your hardware wallet somewhere safe.
If you have a hardware wallet, write down and store the 24-word recovery phrase for your hardware wallet somewhere safe. Don't store it on your computer, phone or hardware wallet—it's best to keep this information in a place where it can't be accessed by anyone else.
If you don't have a hardware wallet yet but want one in order to protect yourself against hackers (and there are many reasons why), then I would recommend looking into Ledger Nano S for its ease of use and security features.
Security tip #4: Get a Trezor Model T touch screen wallet to generate random recovery phrases instead of using a computer, which isn't as secure.
If you use a computer to generate recovery phrases, it's possible that someone could steal the seed phrase and then use it to access your wallet. The Trezor Model T is a touch screen wallet that generates new random 24 word recovery phrases every time you want to use it. This makes it more secure than using a computer because if someone steals your device, they won't be able to access the seed or private keys stored on them.
Security tip #5: If you're investing in cryptocurrency, research each coin you want to buy thoroughly before you make any purchase.
If you're investing in cryptocurrency, research each coin you want to buy thoroughly before you make any purchase.
Research the team behind the project. Are they reputable? What are their skills and experience? How many people are involved with this project? Do they have a history of success or failure?
Research the technology behind the project. Is it promising enough to warrant its own token (or will it be replaced by something better)? Does it have any competitors yet that are already available on exchanges or wallets (if so, which ones)? Are there any known security issues with this particular coin's blockchain technology that might affect its value down the road if not addressed now—and if so, how long will those issues remain unresolved before affecting price stability/fluctuations on exchanges where other cryptocurrencies trade alongside yours for CNY/USD pairs).
Review roadmap milestones set forth by developers who hope someday soon will be able to implement those features into existing software code bases without needing additional resources from investors like yourself because these programmers haven't received funding yet until after launch day occurs which means no other investors could possibly benefit financially from buying into such projects unless maybe someone else wants part ownership rights included within whatever new venture comes out using similar ideas."
Security tip #6: Make sure the website or app you're using to buy cryptocurrency is encrypted and read up on their reputation.
Check the website's URL to make sure it's the real deal.
Check the website's reputation online.
Make sure your browser is up-to-date and running on an operating system that has been patched for security vulnerabilities (this includes Google Chrome, Firefox, Microsoft Edge). If you have any other apps or software installed on your computer that could be exploited by malicious software such as keyloggers and screen capture tools (e.g., Discord), disable them before installing cryptos from an unknown source!
Double check that SSL certificates are valid and trusted by looking at their expiration date as well as checking each certificate against known publically available databases like mySSLchecker which can tell if a site's domain name matches up with its true IP address (this can also be done offline).
Security tip #7: Look out for phishing email scams that mimic legitimate exchanges and instruct you to enter your private keys into an untrusted website.
Phishing emails are designed to look like legitimate emails from a trusted source, such as your exchange. They may trick you into giving up sensitive information like your private keys or login credentials.
Here's an example of a phishing email:
Dear Customer, We're sorry for any inconvenience caused by the recent changes in our company's security policy. Our team has reviewed your account and found that you have been inactive for over 6 months. Therefore, we will be terminating access to this account effective today (date). Because we want to keep our customers happy and satisfied with their experience with us at [Name], please send us an email explaining why this decision was made by May 31st 2018 at 11am PST/2pm EST/6pm GMT so that we can better serve both parties going forward! We thank you in advance for helping us keep our customers happy throughout their time here at [Name]. Please contact our customer service department at support@xxxxx if there are any questions regarding payment plans or refunds issued after June 1st 2018.*
Security tip #8: Use 2FA whenever possible, but make sure to disable it with SMS if you can't log in because hackers might have intercepted your text messages.
Use 2FA whenever possible, but make sure to disable it with SMS if you can't log in because hackers might have intercepted your text messages.
If you're using a two-factor authentication (2FA) service that lets you use a password to access your account, keep in mind that not all 2FAs are created equal. Some will require your phone number and others don't—and some may even let hackers intercept text messages used for authentication. If this happens, just change the way that information is sent from the app or website where it's being used; otherwise, just write down the new code somewhere safe so that if something does happen again and someone gets hold of those codes they won't be able access any more accounts without getting caught red handed!
Security tip #9: Don't tell anyone your private keys or seed phrase no matter what they say!
If you have any passwords, or if you're storing private keys and seed phrases on your computer, don't tell anyone. Don't let them access these files!
For example, if someone asks for your password and you give it to them because they asked nicely (or maybe they were just really good at persuading), then this is one way that people can get access to your cryptocurrency. It's not just about telling others what their passwords are; it's also about keeping those secrets safe from everyone else as well—even if they ask nicely or try very hard not to hurt feelings!
You can keep your cryptocurrency safe by understanding the risks involved and taking precautions against them.
You can keep your cryptocurrency safe and read regular latest crypto news by understanding the risks involved and taking precautions against them.
Here are some tips to help you stay safe:
Use a hardware wallet. A hardware wallet is a small device that holds your private keys and allows you to access your cryptocurrency from any computer or mobile device. The best ones use open-source software, so they’re easy to understand and use in case anything goes wrong with them (like losing their private key). You should only keep as much cryptocurrency online as needed for day-to-day transactions—do not store it all in one place! If someone else gets their hands on your hardware wallet or finds out its location, they could steal all of its contents at once.
Write down and store the 24-word recovery phrase for your hardware wallet somewhere safe—this will allow someone else who has access but does not know about it yet how get back into using again without having lost any money/funds stored inside/included within its confines
Conclusion
Remember, the most important thing you can do is to be aware of your own security practices. It's easy to get complacent and forget that a stranger could be trying to steal your crypto or make off with it altogether. With so many different scams out there, though, it's hard not to let them get under your skin! We hope this article has been helpful in helping you stay safe from hackers and scammers at all costs by staying vigilant about what kind of information is being shared online
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latest-bitcoin-news · 2 years ago
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How to Buy Bitcoins Online: A blog about buying Bitcoin, common issues with exchanges, tips, using a platform etc.
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Introduction
Buying Bitcoins is a great way to get into the world of cryptocurrency, but it can be a bit tricky. If you’re new to Bitcoin and want to buy some, this guide will walk you through everything from choosing an exchange platform to storing your coins safely.
Before You Buy, Do Research
Before you buy, do some research.
You need to research the exchange and payment method that you want to use. Think about how secure it is, what kind of customer service they offer and their reputation in the community. In general, if someone offers a platform for buying Bitcoin at a low price but doesn't have good reviews from other users then it's probably best not to use them as an exchange or wallet provider because there might be problems with their security or user experience later on down the road when things get complicated (like when someone tries using their money).
Standard Exchange vs. Peer-to-Peer
When you buy bitcoin through an exchange, your funds are held by the platform. This means that if there is a problem with the platform or its users, it may be difficult for you to recover your money.
However, when you use peer-to-peer exchanges such as LocalBitcoins or Paxful (which we'll be talking about later) and meet up in person with someone who has bitcoin already on hand and willing to sell it at a fair price - this is called "face-to-face trading". This can be more convenient because there's no middleman involved and therefore less risk involved in buying/selling bitcoin directly from another human being instead of just using an automated system like Coinbase. However if one person wants more than another offers then this could lead into issues where both parties walk away unhappy which would mean having wasted time trying unsuccessfully at getting something done without having any real success anyway...
How to Avoid Scammers
Avoid sending bitcoin to someone you don’t know.
If you receive a message from someone claiming to be able to help you get started with bitcoin, do not send any of your money — instead report them.
If it is an actual scammer and they are asking for money, report them to us here: [link].
Choose a Payment Method
There are many different ways to buy bitcoins. You can use a credit card, debit card, bank transfer or cash.
If you're in the US and want to pay for your purchase with cash in person then please note that this is not recommended as it could still lead to identity fraud and other problems down the line.
If you're from another country then we recommend using an online exchange like Coinbase or Cex.io which will allow you to deposit funds directly from your bank account into their system so that they can convert them into Bitcoins for delivery via mail or courier service (depending on whether it's a physical item).
Purchase the Bitcoin
There are a few ways to buy bitcoin.
You can use an exchange to purchase Bitcoin, like Coinbase or Gemini. This is the easiest way because you can simply sign up and start purchasing Bitcoin immediately.
If you want to buy small amounts of BTC via cash deposit, then localbitcoins may be the best option for you because it allows people from all over the world make peer-to-peer trades without needing an ID or any other form of verification; however this does have its drawbacks (i.e., being able to trade with strangers).
Store and Use Your Bitcoin
The first step to buying bitcoins is to store them in a secure wallet. A good bitcoin wallet has many features that make it easy for you to safely use your bitcoins. These features include:
A user-friendly interface so that even people with no previous experience can use it easily
Secure encryption technology, which results in greater security for all users of the platform
If you follow these steps, you can buy bitcoins safely online.
If you follow these steps, you can buy bitcoins safely online.
How? Well, it all starts with research. Research the options available to you and choose the one that fits your needs best. Then do your research on the exchange/wallet provider as well as any other service providers that may be involved in this transaction (i.e., payment processor). Choose carefully because some exchanges will charge higher fees than others, so make sure it's worth it for you to pay those extra fees!
Finally, once everything is set up and ready to go, just follow through with whatever steps are required by each system or app—and enjoy having some cold hard cash in your pocket!
Conclusion
The idea of buying bitcoins online can be daunting, but if you follow the steps above, it's easier than you think. Just remember to be patient and do your research first!
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latest-bitcoin-news · 2 years ago
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The Best Cryptocurrency News Sites To Find The Latest Updates
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You are probably wondering where you can keep up with the latest and greatest happenings in the world of cryptocurrency? Well, good news! There are a ton of news sites out there that will keep you informed about anything and everything crypto-related.
Scryptopia Scryptopia is One of the most popular and well-known Best crypto news site that cover anything and everything crypto-related. Scryptopia is a must-visit for anyone who wants to stay up to date with all things cryptocurrency. They cover not only Bitcoin but also many other coins and blockchain technologies like Ethereum, NFT, ALTcoin, Metaverse, and more. Scryptopia has a blog and articles on investing, trading, mining, wallets, exchanges, and ICOs. This site also features an active forum where members can discuss their thoughts and opinions on the latest trends in the world of crypto. In fact, there are so many different articles that you can be sure that at least one piece of content will interest you on any given day. And when you’re done reading all of those, check out their podcasts! They have some really good ones that cover various topics related to cryptocurrency like investing in ICOs and using cryptocurrencies as a store of value.
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latest-bitcoin-news · 2 years ago
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How Cryptocurrency Can Be Used As An Investment
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Introduction
Cryptocurrency is a digital currency that uses encryption to regulate the generation of units and verify the transfer of funds, operating independently of a central bank. Cryptocurrencies are decentralized in that they are not printed by central banks, but rather by networks of computers connected to the internet. Cryptocurrencies can be used for payments, contracts and verifications. They can also be utilized as investment options
Cryptocurrency can be invested in many different ways
Investing in cryptocurrency is risky. It's also volatile, which means it can go up or down over time. Cryptocurrency isn't regulated by any government or central bank, so there's no guarantee that you will be able to cash out your investment at the end of the day—unless you're using an exchange like Coinbase or Gemini. And even if you do manage to pull off this feat (and are lucky enough never to lose money), buying and selling cryptocurrencies on exchanges isn't insured by insurance companies like stocks or bonds are; instead these companies will only reimburse users who lose their funds through hacking attacks or other technical issues directly related with trading on their platform (such as getting hacked).
However, there is another way: investing directly into initial coin offerings (ICOs). These types of investments are made possible through crowdfunding campaigns where startups issue new coins for investors who want early access before they open up public sales later down the road; thus allowing them more time than normal investors would have available due mostly because some ICOs require multiple rounds of investment before reaching their full potential size via secondary market sales outside initial capital raise rounds (which typically happen within 30 days).
The first way is to invest in cryptocurrency is through a self-directed IRA
The first way is to invest in cryptocurrency through a self-directed IRA. A self-directed IRA allows you to invest in any type of asset that your custodian offers, including cryptocurrencies.
A self-directed IRA can also allow you to buy cryptocurrencies directly from the same company that holds your other types of accounts (like stocks). This means that if you want to purchase some bitcoin or ether, all they need is an email address and password combination which will allow them access over their website interface so they can make purchases on behalf of clients like yourself who have accounts with them already set up with proper documentation (i.e., signed paperwork).
The next way is to invest directly in crypto assets
If you want to buy crypto directly, there are a few options. You can buy it from an exchange, like Coinbase or Binance. You could also purchase it from someone else who already owns the asset. For example, if your friend has some cryptocurrency that he’s interested in selling, he might be willing to trade with you in exchange for cash—or vice versa!
If none of those options work out for you (and they probably won’t), then perhaps there is another option: buying and storing your own tokens on an exchange yourself instead of using someone else's wealth as collateral against which they loan out their money supply? This may sound complicated at first glance but really isn't much different than any other investment strategy; just like stocks and bonds require investors' trust between themselves during trade days before anything can happen between them; so too do cryptocurrencies require trust between investors during purchase days before any action takes place between them."
The third way is to invest indirectly in cryptocureency through a crypto fund or trust
You can invest in a crypto fund or trust through a self-directed IRA. The IRS has not yet approved and does not recognize cryptocurrencies as eligible for investment inside individual retirement accounts (IRAs), but you may be able to use it as part of your IRA investments if the cryptocurrency qualifies as an asset that would be considered “securities” under Section 12(g) of the Internal Revenue Code. For example, Bitcoin is currently classified as property by both state and federal regulators; however, some believe that this classification could change soon enough. Here is Best crypto news site.
Lastly, you can invest in crypto mining
There are many ways to earn cryptocurrency, but mining is one of the most popular. Mining involves solving complex mathematical problems and then earning new coins as a reward for your efforts. With mining, you can earn money by investing in equipment that helps you mine the cryptocurrency you’re interested in. You can also invest in cloud-based software that will use your computer power to help mine cryptocurrencies on behalf of others—this type of program may cost more than using an individual miner, but if there’s enough demand for such services then companies may charge higher rates for their services (which could mean an ROI).
There are many different ways to invest in cryptocurrency
Investing in cryptocurrency through a self-directed IRA. The first way to invest in cryptocurrency is through a self-directed IRA. If you have earned income and want to invest it, the best way is by opening an individual retirement account (IRA) at one of the many financial institutions that offer this type of account. Once you open your IRA, there are several ways that you can use it as an investment vehicle:
You may purchase stocks or bonds issued by companies that produce cryptocurrencies. These stocks/bonds are traded on exchanges like NASDAQ or NYSE and are usually denominated in U.S dollars; however, they can also be bought directly from their issuer via digital currency tokens called "tokens" which look like cash but have no physical value like bills do (they're just lines on computer screens). They're created using blockchain technology—the same technology used for Bitcoin transactions—but unlike Bitcoin itself which isn't controlled by anyone except its creators (who run decentralized networks), these tokens represent ownership rights over real assets such as real estate properties or gold bars stored somewhere around the world where someone else might want them back someday...
Conclusion
There are many different ways to invest in cryptocurrency. The first way is through a self-directed IRA, the second way is directly investing in crypto assets, and the third way is indirectly investing in cryptocurrence via a crypto fund or trust. The last option is to invest by buying mining shares for profit or altcoins for speculation purposes.
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