If you are a newbie, maybe you are asking yourself the following question: how to store Bitcoin? Which is the safer and cheapest wallet on the web? Why should I open a multicurrency wallet?
Well, today I want to answer people who are trying to start using Bitcoin and cryptocurrencies in general.
First of all, wallet stores a private key that you need to access a bitcoin address for storing and spending your digital currencies.
Bitcoin is a distributed and revolutionary method of payment also defined as Internet of Money as it is a virtual currency without any physical attribution.
So, how to store Bitcoin? We store fiat cash in a physical wallet and Bitcoin works in a similar way, as you will need a virtual wallet.
As well as Euro or Dollar are physical and should be stored in a physical wallet, so bitcoin are virtual and shall be kept in an equally virtual wallet.
If I have to be more specific, you don’t technically store bitcoin anywhere. What you store is the secure digital key you need to have in order to access your public bitcoin addresses and execute transactions.
HolyTransaction is a web wallet where you can store your private keys online, on a computer, and connected to the Internet, of course.
One of the main advantages of a web wallet is that you can access them from anywhere and on any device you are using.
To create your web wallet you just have to enter your email address. You don’t need to have a bank account or send your ID card, so you can set up it in just one minute.
One way to protect your wallet is encryptit it with a strong password. This will make it difficult to access to your funds.
Also, you can use a two factor authentication code. In this case you should download a free app called “Google Authenticator” on your mobile phone and scan the QR code obtained. Then everytime you need to execute a transaction you’ll have to enter the two-factor authentication code. And, of course, this will make your wallet safer.
A Multicurrency wallet is a virtual wallet where you can store different kinds of digital currencies within the same place.
If you have multiple cryptocurrencies, you typically have to manage multiple wallets for each one. This could be a time consuming task. With HolyTransaction, since it supports several digital currencies, you don’t have to manage a few wallets and you can just log into one wallet and toggle between them in one user interface, making the task much easier.
So, with just one registration and only one password to remember, you can store not only Bitcoin but also the other major cryptocurrencies such as Ethereum, Zcash, Dash, TetherUS, Monero and Dai Stablecoin.
Open your free digital wallet here to store your cryptocurrencies in a safe place.