August 9, 2020

How to buy virtual currencies

In the face of rising digital currencies (re: cryptocurrencies), there are risks that must be avoided when buying or spending in the online universe.

Special to California Business Journal.

There are many cryptocurrencies, and each one is different, which could cause some confusion among buyers. In this article we are going to base ourselves on the pioneering currency, Bitcoin, and we will also talk about secure websites where to buy and spend this innovative currency in the world of technologies.

Is Bitcoin a secure cryptocurrency?

Bitcoin is a currency that today has a high security mechanism. For example, btcs must be purchased through a secure https://www.cryptovibes.com/bitcoin-loophole-review/, such as eToro, from where you can choose to make the purchase as brokers or as exchanges, the first investing in digital assets through contracts and with low commissions based on the spread, while in the second the rates are usually higher.

Delving further into security, it should be noted that the mathematical formulas that support Bitcoin are very strong and it is impossible to access its encryption, if it were not so, the people who trust this system would not do it, also this type of encryption allows updating constant within the system for efficient and optimal use. Of course, special attention must be paid to the private key or private keys that the user and owner of the bitcoin coins have assigned. That is, cybercriminals can steal your private key just like any other, whether it is in PayPal or a Gmail account, that is why there is a need to protect our keys and not make it easy for hackers.

Tips to increase your Bitcoin security

One of the tips that is usually given is that you change your Bitcoin account if you suspect that someone has been able to get your private keys, for this it is easy to register a new account since it is free and so you can send your bitcoin coins to the new one, avoiding any surprises. When buying btc it is good to have activated the option to save and protect the private key inside, otherwise you would expose yourself to taking unnecessary risks. As for the password to protect your private key, it is best to use a password of more than 10 random characters, as well as letters and numbers and don’t forget to remember it! Here you can find some ideas to create a safe and easy to remember password.

Finally, do not trust even your own computer or laptop, always keep all your devices, even your mobile, clean from viruses and malicious programs. Finally, remember that if you decide to use an online wallet for Bitcoin, investigate well who is behind it since it could have access to your data and keys, the best option is to use an offline wallet.

Places to spend bitcoin safely

In recent years the community to spend btc cryptocurrency has been growing and there are already a few websites where the owners of this currency can spend it without any concern. From brands like Expedia that were pioneers in allowing payment with btc to Internet service providers such as the purchase of domains. Nor should we forget the physical shops, which are increasingly aware of the use of this type of currency and offer the consumer this option.

Security is something to keep in mind when buying and spending btc, that is why we recommend following some of the advice in this article, as well as doing your own research on the matter on the Internet.

BUY IOTAS BECAUSE THEY ARE ONLY € 1 AND IF THEY GO UP TO € 1000 I BECOME A MILLIONAIRE

I say Iotas, but it applies to all lesser-known cryptocurrencies.

Bitcoin has gone from less than € 1 to € 10,000, really making the first buyers millionaires, those who really bought knowing what they were doing.

It seems that the same will happen with all the coins, and that will not be the case.

The same happens with some, but of course I see it difficult.

invest in cryptocurrencies

Imagine that I offer you, right now, a potato for € 5.

But it is not just any potato, it is a potato that you can perhaps sell for € 1,000 in a year.

You can multiply your money by 200 in a year, and really if you don’t buy you are missing a golden opportunity.

What is the potato for? It is not known…

But you can always sell it more expensive. Well, until people realize it’s a potato.

Trade potato for iota, ripple, ethereum, bitcoin, or any other cryptocurrency.

I see more likely that a day will come when cryptocurrencies will be worth 10% of what they are worth now, than a day will come when they will be worth 10 times more.

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