How bitcoin can help you take control of your financial future
Bitcoin is a decentralized digital currency that has gained popularity in recent years for conducting online transactions. HolyTransaction is proud to offer our users the benefits of using this innovative digital currency, including security, low transaction fees, and greater control over one’s own cryptocurrencies.
One of the key advantages of using Bitcoin for online transactions is its decentralized nature. This makes it a secure option for conducting transactions and protects against the potential for a single point of failure. In addition, each transaction is verified by the network of computers that run the Bitcoin software, making it virtually impossible to forge or counterfeit.
Another benefit of using Bitcoin is its low transaction fees. Because there are no intermediaries such as banks or credit card companies involved in the process, transaction fees are typically much lower than they would be with traditional forms of payment. This can be especially beneficial for those who conduct a large number of transactions, such as small business owners or online merchants.
In addition to these benefits, using Bitcoin can also offer users more control over their own money. Because it is decentralized and not controlled by any one entity, users are free to store, send, and receive Bitcoin without interference from third parties. This can be especially valuable in countries where access to traditional financial services is limited.
Another potential benefit of using Bitcoin is its potential for growth. Because there is a limited supply of Bitcoins, and the demand for them is increasing, the value of the currency has the potential to increase over time. This makes it a potentially attractive investment option for those looking to grow their wealth.
Of course, there are also risks associated with using Bitcoin. The value of the currency can be volatile, and there have been instances of large-scale attacks on Bitcoin exchanges. However, these risks can be mitigated by taking steps to protect your Bitcoin wallet.
At HolyTransaction, we are committed to providing our users with a reliable platform for buying and selling Bitcoin. With a user-friendly interface and low fees, HolyTransaction is the perfect place to start your journey with Bitcoin and take control of your financial future.
In addition to our exchange services, we also offer a range of other tools and resources to help our users make the most of their Bitcoin experience. Our educational materials and support team can provide guidance and assistance for beginners, while our user-friendly trading options are ideal for those just starting out with Bitcoin.
We are constantly working to improve and expand our services to meet the needs of our users. This includes the addition of new cryptocurrencies and features, as well as ongoing efforts to enhance security and user experience.
At HolyTransaction, our goal is to make Bitcoin accessible and easy to use for everyone. Whether you are a beginner looking to get started with Bitcoin or just want an easy and secure way to buy and sell the digital currency, we have something for you. Join us on our mission to help you take
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10 Tips To Start Security of Crypto Wallet With Less Than €100
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.
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How the blockchain could help email security
BitMessage
Every day we send thousands of emails and such communication has become a daily routine and a MUST for any person and company.
But options to secure communications are not so common and strong. Also, the existing services are too difficult for people to use and they should use a trusted channel.
How it works
Here you can read the full whitepaper, in which BitMessage is described as a “peer-to-peer message authentication and delivery system” platform.
The invention
BitMessage was opened in November 2012 by Jonhatan Warren, who also created PyBitmessage, or the official instant messaging client for BitMessage.
Technical details
Download the latest version here !
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Visa is working on a secure and scalable Blockchain
Job Description
Visa partners with Chain
The blockchain is no longer a choice
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Infographic: What is Bitcoin Mining?
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Infographic: What is MultiSig and why does it matter?
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Infographic: The 4 Properties of Bitcoin
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How to create a Bitcoin Paper Wallet
What you need?
- Computer
- Printer
- DVD with latest version of Ubuntu
- USB Pen Drive
- Papers
- Smartphone
- Download .zip of bitaddress: https://github.com/pointbiz/bitaddress.org and move it in your USB pen drive.
- Download Ubuntu at http://www.ubuntu-it.org/download and burn it on dvd
- Boot your computer with Ubuntu’s dvd and choose to run “Live”, without installing. Now that Ubuntu is ready to use, disable internet connection.
- Insert your USB pen drive. Open the file bitcoinaddress.org.html and click on Paper Wallet tab. Remove your USB pen drive.
- Connect your printer.
- Go back to bitaddress and generate the address.
– Addresses per page: 1
– Print!
– Turn off your computer and printer. - On your smartphone you need a QRcode scanner.
- Scan your Bitcoin Address (or public key).
- Send the public key to your email.
- Boot your computer without Ubuntu’s dvd inside. Check your email and double-check if the Bitcoin Address is correct. To finish copy-paste the address and in your wallet and send the desired amount to the paper wallet!
Open your free digital wallet here to store your cryptocurrencies in a safe place.
