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Author: Rod Taylor

A Review of The Trezor Hardware Wallet

A Review of The Trezor Hardware Wallet

It has been three years since the world was introduced to a Bitcoin hardware wallet that offers Bitcoin users more than they were exposed to in terms of capabilities. TREZOR, a key-sized hardware wallet, which was launched in August 2014, comes with two major features that make it stand out. It gives users the ability to spend with the ease of a hot wallet while offering them the security of a cold storage. TREZOR which is safe enough to use…

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3 Exchanges To Buy And Sell Bitcoins

3 Exchanges To Buy And Sell Bitcoins

Coinbase For those who don’t prefer to wait, the cheapest and easiest way to access and buy some Bitcoins is by signing up with Coinbase and link it to your bank account. The charges are friendly as Coinbase charges one percent of the fee. As soon as the transfer from the bank account to Coinbase clears, you are given your Bitcoins. Coinbase becomes an efficient web wallet when you use it as an Android mobile app. The Coinbase app makes…

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How to mine for Bitcoins

How to mine for Bitcoins

Bitcoin is a new currency and digital payment system invented in 2009 by an unknown person, or group of persons under the name Satoshi Nakamoto. The transactions are made without an intermediary, that is, between users directly. On the other hand, bitcoin mining refers to that process of adding transaction records to Bitcoin’s public ledger of previous transactions by solving mathematical problems. These transactions are known as the blockchain. Therefore, to actively trade with bitcoin you need to understand how…

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A Beginner’s Guide to Bitcoin

A Beginner’s Guide to Bitcoin

The invention of Bitcoin came as a peer-to-peer system to facilitate online payments that don’t call for a trusted central authority. Bitcoin was invented in 2008 and since then, it has grown into a currency, technology, a community of users, and an investment vehicle. This post will explain what Bitcoin is, how it works, and how it can improve your life. So, What Is Bitcoin? The challenging part of any digital payment system is to prevent one from being able…

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A Close Look at the History of Bitcoin

A Close Look at the History of Bitcoin

Before getting into the history of bitcoin, let’s explain the concept to you. Bitcoin is the most widely used cryptocurrency in the world. For your information, crypto currencies are currencies that are created and managed using cryptography; this feature separates them from the conventional currencies, which rely on central authorities. The start There’s a legend, which suggests that the concept is a brainchild of pseudonymous Satoshi Nakamoto. It is believed that Nakamoto created bitcoin based on ideas derived from the…

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Best Guide to Select a Bitcoin Wallet

Best Guide to Select a Bitcoin Wallet

  Actually, most of the people all over the world own a bank account. In terms of Bitcoin, a wallet is equivalent to a bank account. What are the purposes of these wallets? They allow the holders to store Bitcoin, receive and send them to any other person. There are two major types of wallets namely; software and web wallet. A software wallet can be installed on your mobile phone or in a personal computer. The security of your coins…

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Bitcoin News-All you need to know

Bitcoin News-All you need to know

The world of business has greatly been revolutionized with respect to digital technology. Business transactions are easily conducted using tel-conferencing, emails and social media platforms. In addition digital currency has become common in business. A good example of digital currency is Bitcoin. In this article, key focus will be to demystify the concept of Bitcoin, how it operates, frequently asked questions (FAQ) and most significantly how it has transformed online marketing and shopping. The concept of Bitcoin Bitcoin is a…

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Bitcoin Usage

Bitcoin Usage

A bitcoin is a simple virtual or cryptocurrency that functions as a form of decentralized and peer to peer bartering card (means of exchange). Herein is a simple guide on how to use bitcoins. SENDING Sending bitcoins is actually a very simple process that involves three easy steps. First, as the sender, you copy and paste the recipient’s address. Then you choose the amount you would like to transfer after which you click send. This method may seem traditional at…

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Four Major Reasons Why People Should Buy Bitcoin

Four Major Reasons Why People Should Buy Bitcoin

Why buy Bitcoin? This is a question many people have been asking themselves since this relatively new form of currency began to hit the mainstream. However, many people don’t understand why they should invest in Bitcoin. Here are four good reasons why it’s worth to buy this virtual currency. 1. Their Prices Are More Stable Than Currency In the last couple of years, Bitcoin has demonstrated unparalleled stability as a financial option. The stability has created and increased trust in…

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How To Use Bitcoin Digital Wallet Software

How To Use Bitcoin Digital Wallet Software

Wondering how to use Bitcoin and what Bitcoin is? The world today is getting introduced to a new method of transaction. Instead of operations where physical money is involved, people are now using virtual money. It will sound a bit complicated at first, but once you get the concept, it is simple. Bitcoin is a technology where users use virtual money or in other words, let’s say internet money. It is a peer-to-peer payment method based on an open network….

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