If you want to be a successful trader, you need to know about cryptocurrency wallets and different ways to keep them safe. Cryptocurrency wallets are more of software, primarily designed to store crypto keys. Assuring the safety of a wallet is highly important to keep your coins safe on a wallet.
This post introduces you to ten advanced ways to protect your coins safe on wallets in less than 100 dollars.
Let’s get started!
Opting for Multi-Signature
Multi-Signature can be a great way to keep your Bitcoin wallet safe and secure. What does it mean? It is a process to decide the legitimacy of the transaction by verifying it from two to five people.
You can get access to the Bitcoin wallet, but the withdrawal of funds is possible only if 3 to 5 people validate the transaction. The multi-signature facility of the bitcoin wallet gives a user complete control over his money and leaves no scope for scams.
Two Factor Authentication Process
The two-factor authentication process is one of the most effective ways to ensure the safety of your wallet, as it requires two pieces of information to give access to the wallet. If someone tries to get access by guessing passwords, it won’t be possible without the other factor.
You can set up 2FA for your wallet in different ways. You can take advantage of Google authentication, which involves a six digit number that changes after some time, but you know it. As all wallets do not offer two-factor authentication, you can use a popular solution- biometric, which involves your fingerprints.
Gone Phishing – Email and Web
The crypto world has been a victim of Phishing scams through Google Ads and emails. Therefore, you need to ensure that only those companies that have that have their domain spelt correctly, send you emails. Refrain from finding their web addresses clicking on Google ads. If a hacker manages to get your private key, you are likely to lose your funds.
No to auto-updates
Experts recommend to turning off auto-updates provided by crypto applications. Account holders can suffer potential loss due to application bugs. You should wait for some time after the releasing of an update to check if there are any bugs or not. Let other users test an app so that you can make a decision regarding the use of an application.
Software
Updating your software is important. Your wallet can probably be the easy target for hackers if it is running on non-updated bitcoin software. The updated version of wallet software will have advanced security features, which can protect your Bitcoins in a better way. You will be able to evade big security crises by updating your software with the latest security fixes and protocol. Update your mobile systems, computer operating systems and software to tighten the safety of your cryptos.
Encryption
By encrypting your particular folder, file, or message, you add an extra layer of security to it, which can not be unlocked easily. To put it simply, encryption means using the password to access a Bitcoin wallet. Encryption is highly effective when you use a desktop, mobile, or hardware wallet, as it can protect you from online rogues. Using the strong password is not just important, as you need to memorize it well because the password recovery mechanism is weak in the Bitcoin’s case.
Hardware Wallet Storage or Offline Mode
Another great way to secure your Bitcoin wallet is storing the Bitcoin values in a hardware wallet or you can say cold storage. This storage is similar to USB drives. You do not even require a link to the internet as it is an offline method.
Make sure you do not store a large amount of cryptocurrency in cold storage. Divide the amount into two parts. You can keep a small amount online for trading purposes while keeping the second amount stored in the hardware wallet-offline.
Keep a Highly Secure Offsite Backup
What will you do if you can no longer access your wallet due to a technical issue in your computer? Nothing but you will lose your Bitcoins. You probably have had recovered your coins if you had a backup of your wallet. Therefore, multiple backups of wallets stored in different locations are important.
Backups vary according to wallets. You will be able to backup after every transaction for some wallets or after 100 transactions for others while updating your wallet with the latest private keys, required to access the wallet.
Store Private Keys Offline
You can enhance the security of your Bitcoin wallet by keeping private keys offline. A Bitcoin involve the use of Public keys for transferring Bitcoins. You can also check your account balance using public keys. Moreover, you need public keys to govern payments from your Bitcoin wallet.
So if anyone is able to access your private keys, you can lose your coins. Therefore, you need to remove private keys and store in another computer, not connected to the internet. This will keep your wallet safe from online malware and hackers.
Use a Dedicated Hardware
You can make safer Bitcoin transactions using a dedicated hardware. A dedicated USB key minimizes the data exposure to viruses during the movement of data from an online wallet to a hardware wallet.
The crypto industry is booming with so many cryptos coming live every day. The complexity of the Blockchain, mining pools, and wallets is important to understand prior to trading. Though you get a ton of options when it comes to a crypto wallet, selecting the right one can make or break you as an investor.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
With the first creative campaign “Not a Myth”, we at HolyTransaction target the new Crypto-generation with an almost-irreverent and fresh concept, while blinking an eye to our fellow old-school Believers.
It’s the year 9 after Bitcoin.
And today, we are proud to stand still in front of all our customers and supporters, announcing a new era for our common venture. Launching our first creative campaign. Reaching out to new shores.
We are here to empower people, and engage the world in the greater adoption of this new and exciting technological revolution. And so far, we made the most popular digital currencies accessible, storable, tradable, and secure for every user in our community, all from one single account.
Now, it’s time to celebrate.
Follow us on our official twitter account @holytransaction and get to know everyone in the Crypto-Pantheon at https://holytransaction.com/landing/not-a-myth.html
Holy transactions are not a myth anymore.
About HolyTransaction:
HolyTransaction SA was launched in 2015 and since then it provides crypto enthusiast with the most complete and user-friendly platform to store and exchange multiple currencies. Indeed, in its first five years of business HolyTransaction already managed to make 25 of the most popular digital currencies accessible, storable, tradable, and secure for every user in our community; all from one single account.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
After the success of the very first cryptocurrency, Bitcoin, many investors are now looking for the next big opportunity to invest in. Bitcoin opened the market for more cryptocurrencies and newest blockchain technologies to develop and grow. Nowadays, Bitcoin has seen better days, while there are over a thousand different digital currencies on the market. That being said, Ethereum is taking the lead on the market with their cryptocurrency called Ether and their newest blockchain technology development and implementation.
However, investors can’t sit and wait for years until a new company with their innovative idea starts to grow on the market. Instead, they are trying to predict the next important opportunity and invest in the initial coin offering (ICO) behind that opportunity. That way, they don’t only get to be the first to support the next revolutionizing cryptocurrency, but they also get to earn a considerable return on investment. Still, that’s easier said than done, due to the market’s volatility and unpredictability. Therefore, here are a few things to consider before investing in ICO in 2018.
Initial coin offering, or ICO, is a way for companies to attract investors by offering their cryptocurrency tokens in exchange for support and funding. Simply put, it’s a fundraising method for companies to finance their new projects, by offering their tokens in exchange against other cryptocurrencies, such as Ether and Bitcoin. ICO are also similar to initial public offerings otherwise known as IPOs.
Companies sell their stocks to the public, in order for their shares to be traded on the stock exchange market. However, IPOs offer stock to the public with a security exchange, whereas ICOs are still unregulated and there are no procedures that can validate a company’s or their token’s credibility. That’s why it’s important to take your time to plan out your investments and consider your options carefully.
Before you decide to invest in any ICOs, you have to conduct thorough research first. As mentioned before, ICOs are highly unregulated so far, which means that a bad call can cost you your entire investment. The popularity of the digital currency market has made it possible for various companies to promote their own projects and their unique cryptocurrencies. This trend has led to over a dozen ICOs being offered each day.
However, not all companies have their own blockchain technology like Ethereum. As a matter of fact, many new projects are based on existing blockchain technologies. This makes it difficult for investors to spot out good projects with the potential for considerable ROI. That’s why you must plan your investment and research the ICOs available on the market. For instance, you can check out reliable sources, such as The Blockchain Review, which can offer the latest information about the current ICOs on the market and their overall performance.
After you’ve found a company with an ICO worthy of investing, you should take time to read their whitepaper. The main reason is that many companies haven’t even started their project yet and their whitepaper is the only thing that describes the company and their undertaking. The company itself
might appear interesting enough to invest in, but you must be sure that it’s not, in fact, a scam. That’s why you should take your time to read their whitepaper thoroughly. The better you understand the company and their goals, the more you’ll know about whether to invest or not.
The key points you should be on a lookout for are company’s description and main information, the problem they wish to approach with their project and the solution they offer for that particular problem. Also, make sure you check out their product description and how they plan to implement, as well as commercialize, their tokens. What’s more, you need to keep an eye out for their token value and its distribution, as well as how their tokens differentiate from others on the market. Most importantly, check out their legality and how they use the funds obtained from their ICO.
Doing your research and reading whitepapers is only the beginning. You have to be absolutely certain that the company you’re about to support with your investment is worth it and that you’ll actually profit from your investment. That’s why you need to learn as much as you can about the company you’re about to deal with. For starters, check out their website. You must evaluate every aspect ranging from the website design and security all the way to information a company has available on their website.
In addition, check their online activity and their presence, in order to determine how much effort a company is placing in promoting themselves. Moreover, check out their partners. That will give you insight into which system is a company using, as well as which electronic platforms they are partnered with. Checking out the legitimacy and credibility of a company demands time and effort. However, it will help you minimize the economic risks and ensure your investment is not in vain.
Investing in ICO can prove to be a lucrative strategy for investors. There are various ICOs on the market, but not every one of them has the potential to be the next big cryptocurrency. That’s why it’s important to do your research well and take time to consider all the important factors before you make an important decision.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
If you thought about holding or exchanging GRS Groestlcoin, now you can do so directly with your HolyTransaction Universal Wallet.
It’s now possible to add GRS wallet to your dashboard and use it to access and exchange 25 different crypto, instantly. This is just one of the many recent adoptions that increased the possibilities of pur platform, by bringing the number of cryptocurrencies accepted to 25.
Now you are free to store GRS on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from and to GRS. All HolyTransaction customers can create a new address for their own Groestlcoin Wallet.
Groestlcoin Wallet features
Just like Bitcoin and all the other 24 digital currencies supported, you can now:
• Send GRS to any address, even to addresses of other crypto, with instant conversion on the fly;
• Receive transactions;
• Exchange GRS with any supported coins;
• Make instant transactions between HT users;
• Get real time exchange rates on the website;
• Set OTP for additional protection.
If you are not able to see your newest Groestlcoin Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.
About GroestlCoin:
Groestlcoin is a fast and secure coin with almost zero fees that is privacy oriented. Launched on 22nd March 2014 with a focus on technological advancement, Groestlcoin has major development releases every 3 months.
Groestlcoin is a blockchain pioneer due to it being the first coin that activated SEGWIT and first to performed Lightning Network transactions on mainnet.
“ You can send GRS across the blockchain with almost zero fees. The fee for transferring 10,000 GRS with Groestlcoin Core wallet is 0.000045 GRS, that means $0.0006 at current price.”
The Groestlcoin Team has developed wallets for every platform: Android, iOS, BlackBerry, Windows, macOS, Linux, Chrome OS and Web. And besides that, the Groestlcoin Samourai wallet enables you to send GRS anonymously.
“The Groestlcoin Samourai wallet, boasts its anonymity and security, as it allows for private stealth addresses with both TOR and VPN support, as well as onboard AES-256 encryption.”
The main idea of creating Groestlcoin was to establish an electronic payment model that was purely based on mathematical proof. It uses the proof of work system (POW) to facilitate secure online money transactions. A system that is independent of influence from centralized authorities, a currency transferable electronically, and instantly at a very small fee.
Using 2 rounds of Grøstl-512 mining algorithm, makes Groestlcoin an ASIC resistant cryptocurrency.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
If you thought about holding or exchanging DAI Stablecoin, now you can do so directly with your HolyTransaction Universal Wallet.
It’s now possible to add DAI wallet to your dashboard and use it to access and exchange 24 different crypto, instantly. This is just one of the many recent adoptions, which brought the number of cryptocurrencies accepted on our platform to 24.
Now you are free to store DAI on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from and to DAI. All HolyTransaction customers can create a new address for their own DAI Wallet.
DAI Wallet features
Just like Bitcoin and all the other 23 digital currencies supported, you can now:
• Send DAI to any address, even to addresses of other crypto, with instant conversion on the fly;
• Receive transactions;
• Exchange DAI with any supported coins;
• Make instant transactions between HT users;
• Get real time exchange rates on the website;
• Set OTP for additional protection.
If you are not able to see your newest DAI Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.
About DAI:
DAI is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. DAI is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.
With DAI, anyone, anywhere has the freedom to choose a money they can place their confidence in. A money that maintains its purchasing power.
MKR holders govern Dai
Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimise the price volatility of its own stable token — the DAI — against the U.S. Dollar.
Maker smart contract platform controls and sells Dai. Indeed, decentralised and trustless, the Maker platform stabilises the value of Dai to one U.S. dollar using external market mechanisms and economic incentives.
Eliminating the necessity to trust a centralised organisation and the hassle of third-party audits, Maker offers a transparent stablecoin system that is fully inspectable on the Ethereum blockchain.
Maker’s Dual Coin System
The Maker Platform has two coins: Maker (MKR) and Dai (DAI).
Maker – A token with a volatile price that is used to govern the Maker Platform. Maker DAO is a decentralized autonomous organization within the Ethereum blockchain. Maker works to minimise the volatility of DAI, its stable token, compared to the U.S. dollar, with holders of MKR tokens governing DAI.
DAI – A price stable coin that is suitable for payments, savings, or collateral. With DAI, the team at MKR hopes to overcome the extremely volatile prices of cryptocurrency. The team at Maker DAO feels that stablecoins are necessary to let blockchain technology reach its full potential. Because of this, it introduced DAI, which is backed by ETH collateral.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
If you thought about holding or exchanging VEE Token, now you can do so directly with your HolyTransaction Universal Wallet.
It’s now possible to add VEE wallet to your dashboard and use it to access and exchange 23 different crypto, instantly. This is just one of the many recent adoptions – which we are very proud of – that brought the number of cryptocurrencies accepted on Holytransaction to 23.
Now you are free to store VEE on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from and to VEE. All HolyTransaction customers can create a new address for their own VEE Token Wallet.
VEE Wallet features
Just like Bitcoin and all the other 22 digital currencies supported, you can now:
• Send VEE Token to any address, even to addresses of other crypto, with instant conversion on the fly;
• Receive transactions;
• Exchange VEE Token with any supported coins;
• Make instant transactions between HT users;
• Get real time exchange rates on the website;
• Set OTP for additional protection.
If you are not able to see your newest VEE Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.
BlockV. The interface layer to Blockchain.
WELCOME TO THE EXPERIENTIAL ECONOMY. That’s how BlockV greets his audience, by announcing a new (and initially confusing) paradigm of economy.
And it is really doing so. The audacious team, indeed, is bringing to life a futuristic AR/VR platform where merchants and consumer can create and exchange digital goods. The existence and ownership of these digital assets called vAtom is certified on – and by – the blockchain.
The vision, fueled by VEE Token, is to unlock new perspective and new revenue with smart digital objects built on the blockv protocol.
We already live in a future where anyone can own virtual objects that are unique, verifiable and tradable, and that can exist across different environments (AR, VR, mobile phones, TVs, tablets, etc.).
Mindblowing, if you ask to the author…
VEE THE FUEL OF THE EXPERIENTIAL ECONOMY
VEE are smart contract tokens built to the ERC20 token standard. They are an integral part of the BLOCKv open-source development environment. BLOCKv and each of its composite parts require VEE to fuse the BLOCKv ecosystem together and provide a mechanism for rewards and collaboration.
Any operation on the BLOCKv platform is powered by VEE. Developers are incentivized with VEE to experiment with revolutionary technology. Creators are rewarded in VEE whenever anyone uses their innovations (sourced from https://blockv.io)
Open your free digital wallet here to store your cryptocurrencies in a safe place.
When technology put its fingers in the financial services, Fintech was born. And now with this word we refer to mobile payment, transfers, fundraising and , of course, cryptocurrencies!
Fintech is a very revolutionary sector which has allowed the development different new companies through its technology support. It gave impulse to the whole financial industry because of its technological solution which simplifies complicated mechanisms.
As always, traditional player felt threatened by it; but its development has ben unstoppable and experts usually call it … Future.
Our good friend of 16best.net provided us an awesome infographic which explains some incredible facts on the incredible growth of fintech in the last couple of decades.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
If you thought about holding or exchanging VEN Token, now you can do so directly with your HolyTransaction Universal Wallet.
It’s now possible to add VEN wallet to your dashboard and use it to access and exchange 22 different crypto, instantly. This is just one of the many recent adoptions, which brought the number of cryptocurrencies accepted on our platform to 22.
Now you are free to store VEN on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from and to VEN. All HolyTransaction customers can create a new address for their own VEN Token Wallet.
VEN Wallet features
Just like Bitcoin and all the other 21 digital currencies supported, you can now:
• Send VEN Token to any address, even to addresses of other crypto, with instant conversion on the fly;
• Receive transactions;
• Exchange VEN Token with any supported coins;
• Make instant transactions between HT users;
• Get real time exchange rates on the website;
• Set OTP for additional protection.
If you are not able to see your newest VEN Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.
VeChain and the VEN Token:
VeChain is a thriving blockchain platform offering Blockchain-as-a-Service to enterprises for products and information. The Team have effectively pursued project involving consumers’ products from the luxury sector. It is a truly innovative business-scape.
By leveraging on blockchain technology, VeChain strives to build a trust-free and distributed business ecosystem, which is self-circulating and scalable. In their vision, enterprises could enjoy the benefits of the blockchain: transparency and value flows at high-speed rates.
With a strong portfolio of partners, VeChain intends to model these successful implementation cases as industry templates to build the next phase of expansion.
“We are relentless in the pursuit of being the world’s first blockchain company to change the world for the better. Our original vision has never been changed. The dream is still the same as before:
To build a trust-free and distributed business ecosystem by enabling the flow of information and values at high-speeds through collaboration with enterprises.”
Open your free digital wallet here to store your cryptocurrencies in a safe place.
The skepticism around cryptocurrencies, specially at the beginning of the blockchain era, was very high.
Things, however, are much more different now.
In 2017, the popularity and value of cryptos literally skyrocketed as the fame of some crypto-investors did.
The various features and benefits of the blockchain, which have allowed its incredible growth, probably are still misunderstood by many. But everybody knows someone who have become millionaire/billionaire thanks to this technology. And probably this has a lot to do with all those “normal” people who tried to invest in BTC. Money has been their drive.
Instead, (many of) the ones who earned real fortunes were prepared, competent and profoundly committed to a higher vsion.
Below, you will see a list of 15 crypto kings that are making history with their engagement in the field of cryptocurrencies. Check out the infographic below provided by our friends of BitFortune.net to learn all about these people.
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Almost everybody in the world who has access to the internet has heard of Bitcoin, even small children. However, hearing about it and actually knowing what it is are two different things.
This is why our friends from mikesgearreviews.com realized and then shared with us an exceptional infographic.
Indeed, Cryptocurrency is a complicated matter which some adults can’t even comprehend, much less kids. But it’s also possible to teach some basic concepts to non-techie people too.
Here’s a new way to teach children about Bitcoin’s values and logics in a way that is easy for their inquisitive brains to understand.
Enjoy this analogies and remember to keep you mind fresh. Get in the shoes of a five year old now:
Credits:
Infographic from mikesgearreviews
Open your free digital wallet here to store your cryptocurrencies in a safe place.