What You Should Know of Bitcoin.
Released on October 31st 2008, Satoshi Nakamoto’s white paper marks the birth of Bitcoin as we know it today. Authored under the pseudonym Satoshi Nakamoto, the creator’s identity is unknown to this day. Despite this, the Bitcoin white paper (pdf here) is a revolutionary document that marks the beginning of the age of digital currency.
It’s as easy as choosing your wallet, purchasing bitcoin, and keeping your wallet secure. You are unable to purchase bitcoin until you have set up your wallet.
We’ve done the research for you & have provided three of the best wallet options for you to choose from. Once you have ensured that you have set your wallet to send, receive and store bitcoin, you are all set to begin trading.
Now that you have purchased your own cryptocurrency, it becomes now imperative to keep your account safe and secure, just as you would with your bank account.
Here’s a list of actions you should take to help better secure your identity:
- Use strong, unique passwords. The safest bet for a password, is to use a minimum of 15 characters, all randomised. The password should appear as gibberish. Having a random, complicated password is important because a lot of hacking tools have dictionaries embedded into them that actively search for all password combinations. For this reason, avoid using words.
- Avoid putting a large sum of crypto into your online wallet as they can be easily compromised. You should store the majority of your funds in cold storage.
- Use two-factor authentication (2FA) when using your wallet or any cryptocurrency exchange. This is common practice at a lot of places. It just adds an additional layer of security.
- Don’t use public Wi-Fi to complete cryptocurrency transactions. Hackers can easily intercept data packets and obtain information transferred on public Wi-Fi.
Keeping your wallet secure is absolutely necessary. Here are some basic key principles to follow:
- Create backups of your private keys. To protect against robbery, fire, or hard drive failure, we recommend to keep a backup of your private keys off-site, and offline.
- Never give your private keys to anyone. Giving another person your private keys is the same as giving them access to your bank account & its funds.
- Mobile and Desktop Wallets. Keep your offline and online wallets up to date with the latest software. This will ensure they are as secure as possible.
Access your courses, live cryptocurrency calculations, and many resources anytime, anywhere. Simply log into your account & pace your own learning and application.
You can’t stop things like bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust.– JOHN MCAFEE
Bitcoin is the most stellar and most useful system of mutual trust ever devised.– ARIF NASEEM
Ready to Enroll?
What are you waiting for? Signup now to learn beginner cryptocurrency knowledge and start learning how to invest in cryptocurrencies like bitcoin. All at the convenience of your smartphone or desk. You may access each course at your own pace. Each course must be met before gaining access to the next. Some short quizzes and tests are available to see how well you comprehend the material. The ultimate advantage in taking this course is the real application of this knowledge into real markets. Enroll into Hoodcoins now, and evolve from hoodminds to hoodplayers.Sign up now!