Is It Safe To Use Bitcoin in 2020? - Cryptocurrency
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Coinkite Bitcoin School, a collaboration with KISBitcoin for videos to teach you how to do Bitcoin safe and secure! The first video is out! "How to install Tor", you will need this as you learn how to run a Full Node next!
Can you store/use bitcoin safely without a hardware wallet?
There is something about hardware wallets. I don't trust them at all and I don't think they are useful, especially if you need to pass through airport security. Is there a way to come up with a setup so that you can use bitcoin safely for storing and also paying online for different things? Why do people push the hardware wallet narrative so much? Is there REALLY no other good way?
Coinkite Bitcoin School, a collaboration with KISBitcoin for videos to teach you how to do Bitcoin safe and secure! The first video is out! "How to install Tor", you will need this as you learn how to run a Full Node next! (x-post from /r/Bitcoin)
I am new to this . I got into empire market and then it got shut down and I've been looking at WHM and doing my research others and I've seen all these types of payment methods . Anyways is there anywhere I can look up on how these payment methods work ? Or how to start a bitcoin safely ? Thanks!
Hello. I have around $80,000 of bitcoin and other crypto that I want to trade in the short to medium term. Therefore, it would not make sense to hold this in a cold storage wallet. Everyone always says "not your keys, not your crypto" which I understand (I have other bitcoin for the long term in a cold storage wallet). However, am I missing something or is the only way to trade "large" amounts of crypto is to have it on exchanges? Right now I have 2fa, strong passwords, and split the crypto on two different exchanges (I'll probably expand to 4 or 5 soon to better protect myself). I'm assuming this is the best practice when it comes to trading larger amounts of crypto. I want to trade in the safest way possible so if there's anything else I can do to keep my crypto safer when trading, I would appreciate it. Thanks!
ILPT request: Is cash app bitcoin safe for the dark web?
I know when buying dark web drugs it’s recommended to use a secure bitcoin wallet and wash your coins but I’m assuming a small purchase of >$300 won’t show up on any radars but of course it’s better to be safe than sorry so I’m asking here just to be sure
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Ok so I have around $180 worth of items in a video game and I am using a safe p2p website to sell them, but the only allow bitcoin withdrawals, at first I thought this was ok because I was just going to buy games with the money anyway but then I sold my vr headset on ebay and was planning on turning this btc to paypal money so that I could buy a new graphics card or vr headset. I was checking localcryptos and locabitcoins but most people only send money through goods and services and those that pay in f&f I would lose money on, is there any other options or will I just have to take the loss here?
So I'm trying to buy Bitcoins safely and without leaving a trail. Somehow I went to Moonpay and purchased $50.00 in Bitcoins. When I asked to see how to view those in my wallet to send this was their response: Thanks for reaching out. We have sent the BTC to this wallet address: https://blockchair.com/bitcoin/address/......... Where did you get this wallet address? You should reach out to the support team of your wallet address if you have trouble using the BTC you received from us. Let us know if you have any additional questions. I went there are there was no coins in my wallet. So was I phished? Please bare with me I am a newbie. Any suggestions?
Strategy to keep bitcoin safe and always accessible with minimal expenses
What about this one:
Create 2 bitcoin accounts
Buy 1 ColdTi
Buy 2 ledgers Nano S
account 1: 24 word seed phrase, no passphrase, for small amount of BTC
account 2: same 24 word seed phrase with passphrase, for larger amount of BTC
seed phrase nowhere stored digitally, only on the ColdTi in a very secure place
passphrase nowhere stored, only in memory. Make sure to never forget this one.
Each ledger configured so that one pincode gives access to the "light" account, another pincode gives access to the "heavy" account. Both pincodes nowhere stored, only in memory. Forgetting the pincodes is no disaster, as long as the seed phrase and passphrase remain accessible.
Ledgers stored in 2 different geographic locations
Why 2 accounts ? In case of physical threat, you can surrender only the first pincode that gives access to the light account, and keep the heavy account secure. Of course ColdTi and Ledger Nano S can be replaced by other similar products, but I think these are the best for price vs quality. 1 or 2 ledgers is a choice. I personally would feel safer with a backup device in case of loss or malfunction, knowing that my accounts are always accessible in this way without interruption. Thoughts ?
EXBASE.IO Bitcoin is based on a principle of using the power of a distributed network. This feature can be a huge benefit and make much easier a process of carrying out extremely complex financial transactions, making this process much safer and more secure. Transactions fees are much lower than at regular financial entities and end-wallet users identities are strictly confidential. All the exchange operations can be done without any 3rd party, or a necessity to have trust between users. All this can exist because of the Blockchain, which is the Bitcoin main basis. In addition, the blockchain system itself can be modified not only for financial requirements but also for other industries which work in the digital field. Because the data recording process is safe, reliable, and can't be changed. Also, anyone who has an access to the internet can get acquainted with it anytime and it's almost impossible to make a successful change in the blockchain. #Bitcoin #BTC #cryptocurrency #cryptowallet Website:https://exbase.io/en/Twitter:@exbase_io_Facebook:https://www.facebook.com/exbase.io/Telegram customer support:https://t.me/Exbaseofficial
So i already bought some Bitcoin on coinbase. But i reached a montly limit. And coinbase has a reputation for bad Security. Can someone help me with find the best site where i Can buy for 2-3000 dollars a week? And yes i am new to Bitcoin, but i want to learn.
The answer to the question "is it safe to use Bitcoin" is yes, but it also depends on how well can you manage your security. Is it safe to use Bitcoin? In its ten years of history, Bitcoin, when used and stored correctly, has proven itself ... I signed up with one company,of investing bitcoin,they have a plan, I started with plan 1 which you invest 10usd by bitcoin after 24hrs – after 2weeks I withdrew 35 usd, I remove my 10,and continue with their money. I withdrew again and again. Now I have 400usd on that account, when I try to withdraw they said you have to upgrade. Bitcoin is still experimental. Bitcoin is an experimental new currency that is in active development. Each improvement makes Bitcoin more appealing but also reveals new challenges as Bitcoin adoption grows. During these growing pains you might encounter increased fees, slower confirmations, or even more severe issues. Is Bitcoin safe? Stories of million dollar hacks, an unknown creator, and scam ICOs all may have you wondering, “Is Bitcoin safe as an investment for my money?” Even with the negative stories that seem to flood the news at times, Bitcoin is actually more secure than most other financial systems. Bitcoin suffered substantial losses recently during times of macroeconomic turmoil. Will the cryptocurrency serve as a safe-haven asset going forward?
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