Our seminars and one on one sessions assist you in setting up your bitcoin and cryptocurrency digital wallets, exchange trading accounts, security options and phone apps to help you navigate around this exciting and evolving space.
We get you set up correctly and provide education to take away a lot of the confusion commonly encountered by anyone getting into these evolving markets.
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We believe the future for cryptocurrencies is enormous especially in bringing banking style options to the world.
It is a truly peer to peer medium of exchange of value.
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"Bitcoin is not a company. It is not an organisation. It is a standard or a protocol just like TCP/IP or the Internet. It is not owned by anyone. It operates by simple mathamatical rules that everyone that participates in the network agrees on. Through this simple mechanism, through this invention of Satoshi Nakamoto, bitcoin is able to allow a completely decentralised network of computers to agree on what transactions have occurred on a network, essentially agreeing on who currently has ownership."*
* 'The Internet of Money' by Andreas M. Antonopoulos *
Bitcoin Wallets Explained
Bitcoin and Crytocurrencies are normally stored in 'Digital Wallets' which is a bit confusing because they do not actually store any bitcoin or cryptocurrencies. These are actually stored on the 'Blockchain' of that particular currency.
Wallets essentially hold the 'Private Keys' that give users the right to use those coins. Each wallet comes with at least two keys - one public, and one private. (Multisig wallets can be set up to have more signatories and as such will store more keys)
The 'Public Key' allows any person who holds cryptocurrency to send a sum of cryptocurrency directly to any another user - there is no central authority that needs to approve a transaction as in our current banking system. This is known as a 'Peer to Peer' transaction.
The 'Private Key' must be kept as secure as possible - anyone who has control of it has access to the cryptocurrency associated with it.
Software wallets, web wallets, and paper/cold and hardware wallets.
As a general rule, 'Hardware Wallets' are the most secure and practical form of cryptocurrency wallets, however, unlike software and paper wallets, they cost money.
A 'Software Wallet' is a wallet installed on a computer that you actually control yourself. Ideally, only you have access to the 'Private Keys' that are stored in that wallet. Getting a Bitcoin software wallet is as simple as picking which wallet you would like to use and downloading it.
That blockchain download is the main barrier to using a software wallet. This is required for any locally stored software cryptocurrency wallet. The file size is quite large and grows with each transaction.
these are the closest thing that cryptocurrencies have to a physical form. Private and public keys can be
Using the public key, you can send cryptocurrency to the paper wallet without bringing it backonline. However, if you want to spend any of that money, you will have to bring the private key back online and “sweep” the account into an online or software based wallet.
'Web Wallets' or online wallets are the most convenient of those available. These make it easy to access your cryptocurrency funds to purchase items, or to trade on an exchange. They are run by third party companies.
The trade off is having to trust that third party for your cryptocurrency security.
They also vary in function and capability with their ability to integrate with fiat currency and banking services, credit/debit cards, merchant sites, multi signature capabilities for shared accounts amongst some.
They are more convenient than other wallets in that some are set up so you can access your funds from any device.
Care needs to be taken as your funds are at the control of an outside entity and are fine as long as that entity remains secure. If something goes wrong there are few options available other than your own negotiations with that entity.
Cold wallets are simply any kind of wallet that is not connected to the internet. It can be a paper wallet (see above) or a software wallet stored on a USB drive or other removable storage device.
These wallets are also kept offline on your USB device (see below to purchase), but can be brought back online easily without “sweeping” the entire account like in Paper wallets. The blockchain will have to updated but getting back online is a fairly straight forward and quick process.
They essentially work like a USB stored wallet or as a way to securely keep track of several paper wallets. Cold Hardware wallets that can only be accessed with physical contact to the wallet.
A computer makes up a pass phrase of random words the user commits to memory. That pass phrase can be used to regenerate a cryptocurrency private address. The pass phrase can be written down or memorized, but like a private key, anyone who has it, has access to the wallet's funds so its important not to share or lose it.
Other options are to download to your mobile device one of the many wallets offered by independent suppliers.
These keep you in control of your keys but each has its benefits and drawbacks and a wide range of security features.
HOW TO TRADE & BUY BITCOIN and DIGITAL CURRENCY
You can set up your own account and start buying and trading Bitcoin with the links below.
You also need to deal with reputable companies and learn how to properly set up and use Digital Wallets, Exchange Accounts, Cold Storage of Funds and more.
BUT A WORD OF WARNING - there are many traps and scams out there that can cause entrants into the market to lose their money either by hacking or simply not setting up and securing their accounts properly.
We offer a service that gets you up and running in a One to One or Group environment making sure you are using secure sites and passwords, reputable firms, and ensuring you have your computer and devices properly set up and secured.
If you still want to go it alone - here are some good starting points for you.
HOWEVER, WE STRONGLY SUGGEST YOU CONTACT US ABOUT THE SERVICES WE OFFER...
These Companies will make it easy for you to get started and have a good reputation in the industry. Just click on the links provided.
You will need to verify your identity by way of Govt ID (Drivers License or Passport) and Proof of Residence (Utility Bill showing your address)
If you have not had any experience in this space before we would strongly suggest joining one of our seminars or one on one sessions where we get you started the right way with your accounts, exchanges and secure wallets. We also discuss the things you need to look out for so you get get caught up in the many scams that are out there.
Contact us for further details. - firstname.lastname@example.org
TRADE & BUY BITCOIN and DIGITAL CURRENCY - These companies are easy to set up an account with to buy Bitcoin and Cryptocurrency
(Make sure you check out the notes below before you start)
Set up an account with this well known and trusted exchange dealing in Bitcoin, Etherum and Litecoin. - You can purchase using your Debit or Credit Cards and the limits will be increased as your usage increases. You receive a US$10 on sign up, once your account is verified.
To set up your Coinbase account click on this link:
This is a company that makes it easy to buy bitcoin with your debit or credit card and also allows for POLi Direct Transfers from your bank account.
To set up your Coinjar account click on this link:
Another well known Exchange that deals in a range of crypto-currencies. This site is a bit fiddly to set up but will allow you to set up your account so you can refill with USD, EURO and other currencies from some well known money transfer firms operating online. Firms such as CryptoCapital, WireTransfer, Capitalist, EPay and others.
To set up your EXMo account click on this link:
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