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Month: May 2018

You cannot sell bitcoin without bitcoin wallet

Bitcoin is the cryptocurrency that used for any type of business online. It is faster and much better option that was from old trend of trading online. The technology that controls this cryptocurrencr is blockchain technology. It helps the person to have the safe and secured type of trading. With bitcoin you have to get bitcoin wallet. This bitcoin wallet is very important because without a wallet one cannot trade with bitcoins online.  You can earn bitcoin for free or you can purchase by giving your currency. There will value that will kept for particular currency. Blockchain is the technical process that is sued for transaction of bitcoins. But before you go further you must not forget to get your bitcoin wallet. Without wallet bitcoins are nothing. When you will purchase bitcoin then you must have the account for having bitcoin wallet. This wallet is secured and safe. The advance technical process of blockchain helps you to get private digital code for closing and opening your wallet.

It is private key that shows ownership of a public key. It is a public digital code connected to a certain amount of currency. It is your wallet that stores your private and public keys. It allows you to send and receive cryptocurrencies and acts as a personal ledger of transactions. You have different types of wallets to use. All the wallets coming are in the form of online, offline, desktop, mobile, hardware, and paper wallet. Here are some of the bitcoin wallets that you can select from

 1)  Desktop wallet:  This type of wallet is the most common type of wallet. It connects users directly to a bitcoin’s client.

2) Mobile wallet: This is specially designed for the people that can have the wallet in their mobile.

3) Online wallet: It is website based wallet in which no need of any application to be downloaded. They are hybrid wallets that allow encryption of private data before being sent to the online server.

4) Hardware wallet: is specifically built to store bitcoin and keep it secured. In this, USB devices are used. The devices can go online and offline to make transactions, get data, for transportation and security.

5) Paper wallet: It allows you to both send and receive bitcoins. With the help of this option, you can completely avoid storing digital data about your cryptocurrency by using a paper wallet. You are having the power to take out print.

These are important features of the wallets that are available for bitcoin. You can earn bitcoin by exchanging your currency. Another good option that you have is the friend that can provide to free bitcoins and you can start doing trading. Today it is bitcoin that is used as currency for trading in any business.

The incredible benefits of cryptocurrency

In the recent years the influence of cryptocurrency is highly increasing around the world. This virtual money is created from code and is safe enough to handle. Since these currencies are free from the sight of Government making people are making use of this opportunity to a greater extent. However, this is not the only reason to use cryptocurrency. Some incredible benefits which can be enjoyed by using the cryptocurrency are revealed in this article. This would create a better awareness for the people who are about to use cryptocurrency for the first time.

Fewer fees

It is to be noted that basically there will not be any kind of transaction fee in this currency. The fact is today many people are using the third party service in order to maintain their cryptocurrency wallet without any hassles. The users must remember that these third parties will act like PayPal. That is the users must pay certain amount for their transaction. However, this transaction fee is considered to be extremely lesser than they sound to be. Hence one can make any number of transactions without bothering about the transaction fee to a greater extent.

Decentralization

This can be considered as one of the major benefit for why many people are turning their attention towards this currency. The cryptocurrency completely works on decentralization. That is this involves peer to peer network. Hence one need not have any kind of hesitation in using them.

Universal recognition

Today, the cryptocurrency are used widely in many countries around the world. This also means that this currency tends to have a great recognition all over the world. Hence this currency can be used for making any kind of transactions in international level. By using this kind of currencies in the business space, one can save their time as well as money to a greater extent.

Fraud

This kind of currencies is the best choice to get rid of the fraudulent activities which are highly increasing in current scenario. Since these currencies are completely digital currencies they cannot be counterfeited at any extent. Hence the users can remain stress free about these factors.

Apart from these there are many other benefits which also reveal the importance of cryptocurrency in current scenario. Once after knowing what is cryptocurrency, one must also know about these benefits, in order to extract the best output out of it.

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