3 Crucial Security Tips For Bitcoin Users

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While the digital currency Bitcoin is one of the most exciting new developments in the field of personal finance and many individuals around the world are accepting it as a legitimate form of payment, it is not as secure as established major currencies such as the dollar, pound, and euro. Because Bitcoin is currently decentralized and unregulated, it can be possible to lose your Bitcoins without any possible way to recover them if your digital Bitcoin wallet gets hacked or compromised. By following these three tips about digital wallet safety, you can be sure that you are getting the most out of your Bitcoin experience and that your investment is secure.

Protect Your Secure Password

One of the features that will come with all digital wallet software for holding Bitcoins is that you will be able to encrypt your transactions by choosing a secure password and then entering this password every time you send or receive Bitcoins. As long as you keep your password safe then nobody will be able to access your Bitcoin funds but you, thereby making your digital wallet secure from anyone gaining unauthorized access. You should make sure that your secure password is hard to guess and has a combination of letters and numbers so that it cannot be randomly guessed.

Do Not Publish Your Bitcoin Address Online

Publishing your Bitcoin address at any publicly accessible location on the internet is a very bad idea, since your Bitcoin address is very similar in nature to your email address and anyone who has it can try to take money from your digital wallet. Unless you want to publicly accept donations into your Bitcoin account then you should always keep your Bitcoin address private, and you should also use your digital wallet software to issue a new address on a periodic basis.

Check Your Computer For Spyware

If you are going to be running digital wallet software on your computer then you should also be running software that will check for viruses and spyware so that it can be eliminated. You should be absolutely sure that your computer with your digital wallet is spyware free, because it can be possible for certain software programs to steal the sensitive data that you enter into your computer including your secure digital wallet password. While Bitcoin is still in its early adoption phase of technology, many people are diversifying into Bitcoins and it is absolutely essential that you know how to protect your digital wallet in order to keep your Bitcoin investment safe.

Discover the money making secrets of Bitcoin power users by clicking on Bitcoin Secrets.

This article may be reprinted with a link to http://Bitcoin-Secrets.com/

What is a BitCoin? Explained – Tech Tips

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This introduction to bitcoin explains what is a crypto-currency and what exatly is a bitcoin? Also touched on are the other major currencies such as litecoin, feathercoin, and dogecoin.

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In this talk, Andreas examines the rise of “the blockchain” as an attempt by the banking status quo to dilute the disruptive potential of bitcoin by removing it’s most interesting features.

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Tested: We Buy a Bitcoin!

Here’s the follow-up from our Bitcoin nightmare saga: http://www.tested.com/tech/concepts/460601-where-we-went-wrong-buying-bitcoin-atm/

Driven by curiosity, Will and Norm do something incredibly foolish while at SXSW: they buy a Bitcoin from an ATM kiosk. Watch them fumble through the transaction, try to buy real goods with that Bitcoin in Austin, and then attempt to cash out before flying back home.
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How To Safely Buy Bitcoins At A Bitcoin Exchange

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by Whitez

For those people who are looking to buy real Bitcoins one of the most popular options is to use a company called a Bitcoin exchange where you are allowed to trade your currency such as euros, pound, or dollars into Bitcoins. It is important for individual investors to understand some of the risks associated with Bitcoins and to know that transacting with a Bitcoin exchange is not always necessarily safe as there have been several Bitcoin exchange companies that have been shut down due to fraudulent behavior.

Look For Online Reviews Before Buying

There are a small number of Bitcoin exchanges today that have established themselves as industry leaders, and these companies will have a large number of positive reviews on the internet. Just as you might do if you were considering making any other sort of purchase on the internet, you should take the time to check the reviews and see what other people have to say about their experiences working with that company. Stay away from exchanges that have a large number of negative reviews and a small number of positive reviews.

Independent Digital Wallet Or Bitcoin Exchange Account?

It is important to understand the difference between having your own digital wallet software that you are running on your computer or mobile phone where your Bitcoins are stored, and setting up an account at a Bitcoin exchange company where your Bitcoins will be stored. The primary difference between these two is that you alone will have complete 100% control over your digital wallet if it is stored on your own device, and you will have less control if you store your Bitcoins in an account at a Bitcoin exchange company. The ideal situation would be to have your Bitcoins in your own digital wallet since you become more dependent on the exchange company since they are going to be the ones who control your account.

When Is The Right Time To Buy?

You will notice if you check the prices offered by different Bitcoin exchanges that the prices not only fluctuate on a daily basis, but some Bitcoin exchanges will offer better and more affordable prices than some of the other ones do. It is up to you whether you want to buy at the current market price or wait for a better price, and whether you want to shop around at the different exchanges to try and find the best purchase price possible. By learning how to safely acquire Bitcoin at an exchange you can protect your investment while you take the step of diversifying into the digital currency Bitcoin.

Discover the money making secrets of Bitcoin power users by clicking on Bitcoin Secrets.

This article may be reprinted with a link to http://Bitcoin-Secrets.com/

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What the #?!* is Bitcoin? | Jeremy Rubin | TEDxBeaconStreet

This talk was given at a local TEDx event, produced independently of the TED Conferences. Jeremy Rubin, Technical Director of the MIT Bitcoin Project, is going to explain ‘what the bleep’ Bitcoin is and why he sees it as one of the most interesting innovations in modern computer science. This eye opening talk from TEDxBeaconStreet won’t tell you what to think about cryptocurrency, but will leave you with the tools to parse this new and exciting landscape for yourself.

Hacker and MIT Junior Jeremy Rubin is known for his role in the MIT Bitcoin project, an initiative which offered every MIT undergraduate 0 in Bitcoin this fall and his award-winning project Tidbit, which is currently embroiled in a legal battle with the state of New Jersey.

About TEDx, x = independently organized event In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)
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