Cryptocurrency Blog

The blockchain technology used for the Bitcoin network is very secure. But some Bitcoin wallets are not so secure. You need a wallet to store your Bitcoins in and to make transactions. There is no need for you to confine yourself to one type of wallet. In fact we strongly recommend that you have more than one. If a thief or a hacker accesses your Bitcoin wallet then they can transfer all of your currency into their accounts. And remember that blockchain creates immutable records that you can’t change so there is no chance of you getting your Bitcoins back if this happens. So let’s take a look at the different types of wallets. Online Wallets If you use a cryptocurrency exchange to buy and sell Bitcoins as most people do they will provide you with an online wallet to store your Bitcoins in. These are very convenient as all you need to do is to connect to the Internet and you can use your online wallet to perform transactions. A mobile wallet is an online wallet for mobile devices....

The value of Bitcoins has risen significantly over the last few years so it is no surprise that there are scammers out there that want to steal Bitcoins or take your money for no return. Here we will discuss the most common Bitcoin scams and how you can avoid them. The Fake Bitcoin Exchange Buying and selling of Bitcoins is usually performed using a Bitcoin or cryptocurrency exchange. Some of the exchanges will allow you to purchase Bitcoins in your native fiat currency while others will allow you to use other cryptocurrencies to exchange for Bitcoins. There are many cryptocurrency exchanges available and more joining the group all of the time. Not all of these exchanges are legitimate and some exist to steal your Bitcoins or your money – or both. To all intents and purposes these exchanges look and feel like real ones. They will display the real time prices and have a trading platform. But they will just take your Bitcoins and siphon them off to their accounts or take your c...

It can be really exciting getting involved with Bitcoin. But a number of newcomers keep making the same mistakes when they get involved. Some of these mistakes can be very costly so we bring you 5 mistakes that you must avoid at all costs to ensure that you get the most out of your participation with Bitcoin. 1. Using your Exchange Wallet to Store all of your Bitcoins Bitcoins are now worth a lot of money which makes them attractive to new investors. It also makes them attractive to hackers and thieves as well. Most people purchase their Bitcoins from a cryptocurrency exchange. When they do this the exchange provides them with an online wallet to store their Bitcoins. Keeping all of your Bitcoins in your exchange wallet is a bad idea for two main reasons. The first of these is security. It is almost impossible to hack the blockchain for Bitcoin but online exchange wallets are a much easier prospect. If a hacker gets into your online exchange wallet then they can take all of you...

  You may have heard about Bitcoin and wondered what it really was. There is always a lot of news about this digital currency and especially how it rises and falls in price dramatically at times. Well here we will give you the complete 101 on Bitcoin. As we already mentioned, Bitcoin is a digital currency. You may think that there are actual coins available but there are not. These are just fabrications. The original intention of Bitcoin was to send payments anonymously and securely online. This is still true to a certain extent today. A Decentralized Currency A number of countries around the world are scared of Bitcoin. It is a totally decentralized currency not controlled by any governments or centralized banks. Some countries have actually banned Bitcoin. A major advantage that Bitcoin has over conventional fiat currencies is that it is not affected by any inflationary of deflationary measures imposed by countries. There is a limited supply of Bitcoin which increases i...