Complete Bitcoin Profits Home Study Course

 Have you been wondering how all these average people are profiting from bitcoin?

Are you tired of all the confusing information on how crypto-currencies actually work?

Countless people just like you are in the same boat but that’s only because they don’t know the SECRETS to profiting from bitcoin.

Now you can discover the secrets, and simple steps to follow inside the "Bitcoin Profit Secrets" home study course starting right now.

With Bitcoin Profit Secrets, you are getting a step-by-step course that will teach you advanced techniques to mastering and profiting from bitcoin.

Here's what's inside:

Guide 1: What is Bitcoin and Cryptocurrency?

Guide 2: How Is The Value of Bitcoin Determined?

Guide 3: Different techniques to acquiring bitcoin.

Guide 4. Everything you need to know about Bitcoin Mining

Guide 5: Storing your Bitcoin and other cryptocurrency safely.

Guide 6: Trading and Selling your Bitcoin for profit.

Guide 7: Using Bitcoin as an investment strategy

Guide 8: Accepting and using Bitcoin in your business

Guide 9: Protect yourself against fraud and theft

Guide 10: The future of Cryptocurrency

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Keeping Your Bitcoins Safe: Hot Wallets vs. Cold Wallets

 Keeping Your Bitcoins Safe: Hot Wallets vs. Cold Wallets


There are basically two general types of wallets to keep your bitcoins, and other cryptocurrencies, safe. There are cold wallets and hot wallets. In this article, you’ll find out the pros and cons of each type of wallet so you can make an informed decision when choosing which wallet to go for.

Hot Wallets

Hot wallets are called hot because they are connected to the Internet which generally means it’s easier for hackers to hack into and steal your valuable coins from you. Examples of hot wallets include those free wallets at your favorite bitcoin exchange website like Coinbase or Kraken, and mobile app wallets.

Desktop wallets are another form of hot wallets especially if you install it on a system that’s connected to the Internet. However, you do have control over your private keys, and you can encrypt your wallet to prevent hacking attempts. The only downside to desktop wallets is if your computer gets destroyed or stolen, then you can pretty much say goodbye to your bitcoins.

There have been many instances of theft in hot wallets. Some hackers have even managed to steal millions of dollars’ worth of bitcoins! Hot wallets are great for storing small amounts and transacting on the fly. But if you’ve got quite a sizeable number of bitcoins, then it’s best to move these to offline storage or cold wallets.

Cold Wallets

Cold wallets are the preferred storage method of people with a significant amount of bitcoins. Examples of cold wallet include paper wallets and hardware wallets. Paper wallets may sound a bit funny at first because we’re talking about storing digital currencies here, but it’s precisely why it’s one of the best types of wallet for long-term storage! With paper wallets, there is zero chance of anyone hacking anything on paper. The downside is it can be stolen, or it can get burned, or destroyed. To keep your paper wallet safe, consider putting it in a safe environment like a safety deposit box.

The second type of cold wallet is the hardware wallet. It’s a physical offline device that’s pretty much like a glorified USB that can be plugged into your computer when you need to make a transaction.  There are three main brands that are very popular among crypto owners. These are Trezor, Ledger Nano, and KeepKey. All three will cost you some money but will definitely help keep your virtual treasure chest safe. 

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3 Red Flags Of Cryptocurrency Scams

There are many different kinds of cryptocurrency scams that are victimizing people who are new to the crypto world. Con artists prey on those who don’t know the difference between a legit crypto platform and a fake one, who don’t know a Ponzi scheme from a legitimate affiliate program. 

These scammers fool people into thinking that their well-designed websites give them a semblance of legitimacy, but on closer inspection, these sites won’t pass muster. Here are some giant red flags you should be aware of:

1 – Website Has No SSL Certificate

It’s very important for a website that deals with cryptocurrencies to have an SSL (Secure Sockets Layer) certificate installed. Websites with no SSL only display HTTP before their domain names and websites with SSL show HTTPS. Many scam websites are here today, gone tomorrow types of sites, which means once they’ve scammed a certain number of people, they’ll shut down that site and move on to a fresh domain. It’s quite easy to transfer website files from one domain to another; this is why these scammers can set up shop very quickly.

2 – The Offer Is Too Good To Be True

Whether you’re trying to get the best rates for your dollars or bitcoins, it’s only natural that you’d want the best possible deal. Since cryptocurrencies are decentralized, most crypto exchanges have their own exchange rates. However, these rates don’t vary by much. If you see a website offering rates that are significantly lower or higher than other established exchanges, then it’s a giant red flag. It’s better to do business with a trusted platform with higher fees than to try to get the best deal out of an unknown website that could possibly swindle you out of your entire fortune.

3 – Beware Of Ponzi Scams

Some Ponzi scams are not as obvious especially if they’ve been around for a few weeks or months. This is because their first members would already have received their profits (derived from payments by new recruits) and would be posting glowing reviews on the Internet. At first glance, you might be fooled into thinking it’s a legitimate crypto operation especially if you personally know someone who’s made money from the scheme. Check out those positive reviews, and you’ll see they’re basically saying the same thing. We’d even like to bet they would have their affiliate or referral links somewhere on the review.

 

 

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