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Ten tips to trade crypto, Holytransaction

10 Tips To Start Security of Crypto Wallet With Less Than €100

Ten tips to trade crypto, Holytransaction

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.

Jack

HolyTransaction adds Pivx to its wallet

Do you want to open a Pivx wallet?

You are in the right place, as we at HolyTransaction decided to add this cryptocurrency among the 16 crypto available on our multicurrency wallet.

So from now on, you can store Pivx on Holytransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from/to Pivx, and ten more cryptocurrency’s networks.

All HolyTransaction customers can create a new address for their own Pivx Wallet and use the user-friendly HolyTransaction Wallet platform to send and receive transactions or to instantly convert them to any other cryptocurrency we currently support.

Pivx Wallet features

Just like Bitcoin and all the other supported cryptocurrencies, you can now:

  • Send Pivx to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Pivx 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 Pivx 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.

What is Pivx?

Pivx (PIVX) is the acronym for Private Instant Verifiable Transaction.

The main goal of PIVX is to achieve near instant private transactions and a governance that helps sustain the network for the benefit of all of the users involved.

PIVX is an open source, privacy-focused, Proof of Stake crypto-currency. PIVX utilizes Proof of Stake 3.0 and an innovative Seesaw reward mechanism that dynamically balances 90% of its block reward between Masternodes and Staking nodes with the remaining 10% used for budgeting. The budget and protocol are managed through a decentralized governance system.

So, do you want to open your Pivx wallet? Click here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

CryptoMixer or how to protect your privacy

cryptomixer


Cryptomixer is a Bitcoin mixer that provides very effective and cheap Bitcoin mixing for anyone looking for extra security.
CryptoMixer has a reserve of bitcoins that is around 1800 BTC  (you can find proof of solvency here).
This way you can also mix a large amount of bitcoin and assume that a large reserve guarantee you always a top service. This is especially useful for managed security services, as CryptoMixer provides this with low and customizeable fees.
In addition to all of this, Cryptomixer has many customizeable things, such as a delay. Delay allows you to prevent time-based analysis.
CryptoMixer also has provided a convenient calculator for you to estimate how much bitcoin you should send when you decide to mix your bitcoins. Many sites doesn’t offer calculators and ask for you to pay at the very last stage, which can be frustrating as you may not have the right amount of bitcoin.
In addition to all of this, CryptoMixer does not keep any transaction logs, and they’re destroyed after 24 hours to ensure nobody can get their hands on it. While it’s not likely that the site could get hacked, if it does, you’ll have a good chance that the previous mixes you’ve had will not be on their record, and so Cryptomixer has put up yet another extra layer of security systems.
CryptoMixer has great reputation in the Bitcoin community, and if you still don’t trust them, you can verify a signed message that they have provided to make sure their reserves are truly 1800 and that the message is legitimate.
If you want to verify, the address is this: 1CrypMixXWtTjYGCM5ZJmyQYP1Y39P7aLM

Support experience

Support is one of the main priority of Cryptomixer.io in way to ensure a great experience to its customers. You can contact support simply by clicking a button. Then, a window will be opened and you can easily contact an agent that will assist you in a really great way !
Cryptomixer.io also have a Referral program that allows you to earn some bitcoins to each person that you’ll refer on their site ! 
As site says “Get 50% profit from all exchanges done by your referrals-with no time limits.”, so, you can easily earn a good amount of BTC if you have a blog where you can advertise it !
Features: Cryptomixer.io is going to open other mixing service also to other coin such as Ethereum and many exciting news is going to come !

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

Central Bank of Canada revealed the digital Cad coin

<img src="/images/cadcoin.jpg" alt="Cad coin" height="264" width="350" />

Is Cad Coin the future for Canada?

Yesterday the Central Bank of Canada announced its new project: Cad coin, or the digital version of the Canadian dollar based on the blockchain.
Cad coin is just a part of a greater study about the blockchain, called “Project Jasper”, according to The Financial Times
Bank of Canada is not the only bank involved: in fact, other important banks such as Bank of Montreal, CIBC, Royal Bank of Canada, Scotiabank and TD Bank are participating to this innovative project.
As you can read on a Forbes post, Bank of Canada is doing tests on a system that allows people to give their cash to the bank that will convert it into Cad coin.

Banks: in love with the Blockchain?

During the last months, we read about several bank projects related to the blockchain and digital currencies.
“The development of modern financial markets is inseparable from the development of financial technology”, said Bank of Russia’s deputy chairman Olga Skorobogatova
Are these news the proof that banks love blockchain applications or is it just fear?

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

Why the Ethereum DAO collapse is good for the cryptocurrency

<img src="/images/ethereumdao.jpg" alt="Ethereum Dao" height="264" width="350" />

The news of the Ethereum DAO hacker attack is riding high and of course it brings lots of damages for the ethereum investors who stored about $150m of the cryptocurrency. 

However, it is always a good behavior to understand and see the other side of the coin, we would say. 
In fact, any negative event can allow to have a better environment and more secure technologies. 
A similar thing happened with the Mt Gox disaster, when we learned that an exchange must be built with more care and attention.
As Matthew Spoke, co-founder and CEO of blockchain startup Nuco, explained on Coindesk.
“the DAO attack will likely be reversed, as per Vitalik’s proposal; owners of TDT will be able to retrieve their ETH after the proposed hard fork; The DAO will be emptied of its investments; and future distributed autonomous organizations will learn from the lessons”.

Ethereum DAO: what happened?

On June 17th, an unknown hacker (or a group of hackers) stole $60m in Ethereum coins from the DAO, a decentralized autonomous organization that used the Ethereum Blockchain to leverage smart contracts and to provide a platform where people can vote and fund projects. 
Previously last week the DAO experienced another issue but it was fixed soon by the open-source community and the Etheruem DAO structure and problem-solving techniques.

Universal Wallet 

If you want to have a safe and secure wallet to store your Ethereum, you should visit HolyTransaction. 
Here you can store your Ethereum, but also several other digital currencies including Bitcoin, Litecoin, Dogecoin and more. 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

Bitcoin Rise: will it continue in the future days?

bitcoin_rise

Bitcoin Rise: will it keep growing?

It is not a news that the Bitcoin rise very fast during the last few weeks, reaching a high of $735 today.
But the real question everybody is asking is: will Bitcoin keep growing?
After a two years high, on Wednesday the bitcoin price fell, but it was only temporary and now the price is rising again. 
As we tried to explain, there are a few reasons why Bitcoin is increasing its value: at least 5 reasons that you can read here.

Volatility?

Bitcoin price dropped 8% to $661.60 on June 14th, after hitting $719.85 the day before. 
But during the same day it reached $691.70 and since then it keeps growing.
So, even if the price fell, this event cannot be considered a great volatility problem. Also, several experts explained that such instability is unavoidable.

“It is important for traders to understand that markets are always following cycles,” comments Joe Lee of Magnr, “Regardless of the asset type, if a price increases too quickly, the safe assumption is that a correction will occur in the short term.”

Halving and Brexit: will the bitcoin price keep growing?

Other experts in the bitcoin sector sustain that two of the most important reasons for the digital currency higher price are the miners rewards halving and the “Brexit”, or the possibility that the UK leaves the EU. 
Experts explained that the halving has a key role in the growth of demand because it reduces the reward for each new block mined by 50%. 
Rik Willard of Agentic Group LLC, is convinced that bitcoin price will move around $685 until the halving occurs.

Bitcoin Wallet 

If you want to store your Bitcoins you need a wallet when you can keep them safe.
Open your wallet for free on HolyTransaction, an universal wallet where you can also store other digital currencies such as Ethereum, Litecoin, Dogecoin and more.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

OpenBazaar Test: how the Bitcoin Ebay works

The Bitcoin Marketplace: OpenBazaar Test

Recently OpenBazaar, the decentralized marketplace where you can buy items for bitcoins, launched its new 1.1.6 version.
So we decided to do a OpenBazaar test, to let you deeply understand how it works and what you can buy on this innovative market using your cryptocurrencies. 


Step-by-Step OpenBazaar Test: Follow this Guide to do some Shopping

1. First of all you need to go to the OpenBazaar website and click on the Download button you can find on the right top of the page.

2. A download will start soon. If it doesn’t, you just need to select your operating system such as Linux, Windows or Mac

3. After the download is completed, click on the file (maybe you will find it in the Download file) and launch it.

4. A new window will open where you have to complete your profile with info like name, timezone, avatar and your favorite currency.

5. You can also select your favorite theme to be used as a your profile template

6. Then you will be officially into your profile where you can add other info such as your social network profiles

7. Now you can start doing some shopping. 

OpenBazaar has a simple interface, user-friendly enough to experiment and pay with your bitcoins. 
Among the items you can find on this marketplace there is a wide range of the company’s merchandise, so I decided to support their cause by buying their pins.

<img src="/images/OpenBazaarTest.jpg" alt="OpenBazaar Test" height="264" width="350" />



8. As you can imagine, I just had to click on the item I wanted to purchase.



<img src="/images/openbazaartest.jpg" alt="OpenBazaar Test" height="264" width="350" />



9. Then you just click on the “Buy Now” (“Compra ora” because my version is in Italian).
10. A windows will appear where they ask you if you already have a wallet (if not you can open it here).
11. Now you have to insert your public wallet address, you can find on your wallet among the settings.
During this process you can also create a temporary wallet address, useful if you can’t find your public wallet address and for security reasons you don’t want to disclose your private one. 
12. OpenBazaar allows purchases from all around the world, but of course you need to pay extra bitcoins for the shipment. 
For a shipment to Italy you need to pay an extra of about 0.0232 BTC, so I spent almost 17 EUR for that pin.

Bitcoin Wallet 

As I said, you can purchase your items on OpenBazaar by using bitcoins; and to do so of course you need a wallet.
Open your on HolyTransaction and find out more on our wallet where you can store several different cryptocurrencies including Bitcoin, Ethereum, Dogecoin Peercoin, etc…
We call it a “Universal Wallet” for this reason. 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

5 ridiculous things used as a method of payment

5 items you can sell for your shopping

Some days ago Go Compare website published an interesting article about the weirdest currencies from all over the world.
In this funny list, they quote some incredible items used as a method of payment in several countries, including China, Siberia and more.
Read below the list of the 5 ridiculous things used as a method of payment.

Rai Stones

These particular kinds of stone are huge circular stone disks you can find in the Yap island, Micronesia.
Their value is based not only on its size, but also on its history. If many people died when the stone was moved or a famous person brought it in, the Rai stone value increases thanks to the anecdots related to it.
The greatest part of these stones are too large to move, so transactions are based on oral agreements.
rai_stones_method_of_payment

Mobile phone Minutes

Egypt, Nigeria, Tanzania and Ghana, people began to buy and sell mobile phone minutes for small transactions. This method of payment works this way: you need to trade with prepaid cards or use mobile apps that let users send minutes to other people.
This method started to be used in 2011 and one minute values 1 unit of currency. 

Seashells

In coutries such as Langa Langa Lagoon and Solomon Islands, seashells are used as a method of payment. 
These seashells – that are very rare because of their value – are used to create jewels that can be sold to tourists.
Each string values approximately $90. 

Tea

Tea is very popular in countries such as China and Tibet, where tea bricks are used as a method of payment as well.
Created from tea leaves, tea bricks could be used to buy livestock and pay taxes too. In Siberia and Tibet tea bricks could be eaten or used to cure some disorders such as coughs and colds.

Bottle Caps

In 2005 a beer company in Cameroon started to hide prizes under bottle caps. Competitors companies started to do the same and the result was that almost every cap had a prize on it. 
Prizes include free beers, trips and cars, and winning cap became a method of payments to buy goods and service thanks to them. 

Multicurrency Wallet – open it for free 

holytransaction_wallet_free

Among the alternative payment methods there is Bitcoin, and to store this kind of coins you need a wallet.
To read more about how it works and to open a wallet for free, click here. 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

How to use Facebook Messenger to create warranties on the Blockchain

deloitte logo

The British advisory company Deloitte recently used the new Facebook Messenger API to create a program that store warranties on the Bitcoin blockchain and allows clients to buy items insurances even after their purchase. 

Of course this is only an early version of the complete Deloitte project, which is capable of working without any applications to be downloaded by the user.
On the company website, Deloitte service designer, Frank van de Ven, explains:
“It allows users to add information regarding their purchases and associated warranty information on the blockchain, by using a Facebook Messenger bot.”
Facebook Messenger users are more than a billion from all around the world, so to allow startups create products for their clients, Facebook decided to expand its Messenger app, creating a new API that allows custom bots.
This news came on April 12nd, 2016 at the annual F8 of San Francisco. During this event, in fact, Facebook presented this new bot.
Messenger Platform: Expanded access to the Messenger platform by giving you the ability to reach your customers where they already are with a new send and receive API. You will be able to build a custom bot in Messenger, providing anything from customer service to rich, interactive experiences such as automated responses or spawning a search”, explained Facebook VP Deborah Liu. 

How the warranties bot works

The Deloitte warranty bot allows people to send a receipt image through the Facebook Messenger app. 
Thanks to the Colu blockchain toolbox, this Deloitte feature creates a QR code and stores the bought item information on the well-known distributed ledger.
When people upload the warranty, the bot will allow items owners to transfer the warranty if the item will be resold.
It is a great idea for sure and we can’t wait to use this tool in the near future.


Multicurrencies Wallet 

holytransaction logo

Blockchain is the technology that allow Bitcoin transactions.
To store your bitcoin you may need a wallet. 
Open your on the HolyTransaction wallet and you will be able to store also other digital currencies such as litecoin, dogecoin, blackcoin, ethereum and more.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

HolyTransaction add-on for cryptocurrencies exchange rates

Recently we at HolyTransaction created a new add-on for the Firefox browser only to see the exchange rates for cryptocurrency pairs.

This add-on allows you to see the exchange rates between the most popular currencies using only a couple of clicks. 
Exchange rates are available between dollar, euro, bitcoin, litecoin, peercoin, dogecoin, dash, blackcoin and gridcoin. 
The add-on’s simplicity provides you an easy way to have all the information you need before selling or buying your favorite cryptocurrencies.
The price is shown on your browser, according to your specific preferences. You can change the displayed number of decimal places in the user settings.

How to dowload the add-on

To download this HolyTransaction add-on, you just have to follow this step-by step guide:
  • Click on the Firefox Menu at the top right of the toolbar;
  • Click on “Add-on”;
  • Write “HolyTransaction” in the search at the top right of the page;
  • Click on “Add-on” on the left menu;
  • Click the “Download” button next to the HolyTransaction add-on. 
  • You will find the exchage rates window at the top right of your toolbar.
You just need to click on the HT logo of HolyTransaction. 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio