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tinam • Mar 29, 2023, 9:26 am EDT

Why You Need To Move Your Bitcoin Off Of Exchanges – And Where You Should Store It

One of the primary reasons why you should not leave your Bitcoin on an exchange is because it puts your funds at risk of being hacked or stolen. You may be trusting the security protocols of the platform, but even the best platforms can get hacked. By having complete control of your digital assets, you are ensuring that they cannot fall into the wrong hands. Another reason why you should withdraw your Bitcoin is for long-term investments. Leaving your money on an exchange means that you’re subjecting yourself to market volatility; if the value drops, so does your investment. On the other hand, holding your bitcoin in your personal wallet allows you to hold onto it for as long as you like, waiting for the price to appreciate before selling. There are several ways to store your Bitcoins safely once you’ve taken them off an exchange. Hardware wallets such as Trezor or Ledger are popular options that allow offline storage, while online wallets offer convenience and accessibility from anywhere, anytime. We recommend ByteWallet, a noncustodial wallet. You own your keys; you own your crypto. This is how decentralized money is supposed to be held. Create as many wallets as you like and store BTC, ETH, LTC, DOGE, and even MARS, the future currency of the planet Mars. In conclusion, it’s essential to withdraw your Bitcoin from exchanges to avoid getting exposed to unnecessary risks such as hacks, market volatility, and loss of ownership. Moving the funds out of exchanges and storing them on hardware or software wallets will ensure that you have complete control over your digital assets.

3 minutes

jennyl • Mar 28, 2023, 12:29 pm EDT

Is Bitcoin Mining Legal?

Bitcoin mining has become a popular way for individuals and businesses to earn cryptocurrency, but many people are still confused about its legality. In this blog post, we’ll explore the question of whether or not bitcoin mining is legal. Firstly, it’s important to note that bitcoin itself is not illegal. Bitcoin is an alternative currency that operates independently of any government or financial institution. However, some governments have placed restrictions on the use of bitcoin as a form of currency. Bitcoin mining, on the other hand, involves using computer hardware to solve complex mathematical algorithms in order to validate transactions on the blockchain network, which secures the network and earns bitcoins as rewards. While bitcoin mining is a legitimate process, it can also be associated with criminal activity such as money laundering and black market transactions. So, is bitcoin mining legal? The answer depends on where you live. In most countries, including the United States, Canada, and much of Europe, bitcoin mining is legal. However, in some countries like China, bitcoin mining has been restricted due to environmental concerns and energy consumption issues. Other countries may have regulations around ownership or exportation of mined coins. It’s important to research the laws surrounding digital currencies in your country before starting any type of bitcoin mining operation. Failure to comply with local regulations could result in fines, imprisonment, or seizure of equipment. Overall, while bitcoin mining isn’t universally prohibited, it’s essential to do your due diligence before launching a mining business in your area. Stay informed of cryptocurrency news and regulatory developments, and remember to always operate within the law.

7 minutes

jennyl • Mar 21, 2023, 10:48 am EDT

What to Know About Using a Bitcoin Kiosk Near Me

Let’s look at what a Bitcoin kiosk is, how it works, and how you can use it to elevate your day-to-day crypto experience.

6 minutes

jennyl • Mar 21, 2023, 7:15 am EDT

How Does Bitcoin Mining Work?

Curious about how Bitcoin is mined? Find out in this informative article that breaks down the process step-by-step. This piece covers all Bitcoin mining essentials, from hashing algorithms to hardware mining. So whether you’re a beginner or a cryptocurrency expert, you’ll learn something new about the fascinating world of Bitcoin mining. Dive into the details of how Bitcoin transactions are verified and added to the blockchain with this comprehensive guide.

8 minutes

tinam • Mar 16, 2023, 11:49 am EDT

Need Proof Crypto Is The Way Forward? Look At The Latest Banking Crisis

The latest banking crisis serves as a poignant reminder of the growing relevance and potential of cryptocurrencies in shaping the future of finance. As traditional financial systems grapple with instability and vulnerabilities, the attributes of cryptocurrencies that once seemed speculative are now gaining traction as practical solutions. In the wake of the recent banking turmoil, the advantages of decentralized and borderless cryptocurrencies come sharply into focus. The ability to conduct peer-to-peer transactions without intermediaries, and the resilience of blockchain technology against single points of failure, offer a compelling alternative to traditional banking structures that are susceptible to systemic shocks. Another traditional banking crisis equals another blame game within the finance world.

4 minutes

jennyl • Mar 5, 2023, 9:55 am EST

Big Spenders: 10 of the Biggest Bitcoin Purchases

What if Bitcoin had already made history in the most insane of ways? If you have friends who are skeptical of cryptocurrency, they likely have one question they constantly pose to you. And that question is, “What can you actually buy with Bitcoin?” The honest answer at this point is “just about everything.” And we’re not talking small items, either. Some of the Bitcoin purchases are so big that it’s downright staggering! In some cases, these are items that have already been sold in the past. In other cases, you can buy these expensive, high-ticket items now if you have enough BTC

9 minutes

tinam • Mar 3, 2023, 10:51 am EST

The Complete Guide To Bitcoin ATMs For Retailers

Bitcoin holds more than a $1 trillion market capitalization, proving that it has gone from fad to mainstay. So many people today choose to invest in and use Bitcoin, and the advent of Bitcoin ATMs has only made digital currency grow in popularity. If you run a business and want to invest in an income stream that is here to stay, you should look into installing a Bitcoin ATM. Below we’ll dive into why BATMs are excellent for your retail business. Why Are People Drawn To Bitcoin ATMs? So what is a Bitcoin ATM, and what makes it an ideal addition to

9 minutes

tinam • Feb 9, 2023, 12:19 pm EST

Why Bitcoin Beats Fiat Currencies As The Future Of Global Finance

A Bitcoin self-custody writer and mentor wrote on Twitter how he convinced ChatGPT that crypto was the future. He announced that the machine learning program was “now a Bitcoiner.”    The Bitcoin maximalist ‘Parman’ led the AI on a journey through a series of questions to show how humanity could end central banking. He explained how he guided the tool away from fiat and towards crypto adoption as a solution – with Bitcoin as the only choice.    Interestingly, a growing chorus of some of the globe’s most prominent thinkers continually sounds the alarm on traditional currencies. Hedge fund manager Ray Dalio argued

3 minutes

tinam • Feb 2, 2023, 2:21 pm EST

Arizona Could Be The First State To Make Bitcoin Legal Tender

he state of Arizona has just introduced a new bill to make Bitcoin legal tender which would essentially allow Bitcoin to be used for various payments such as debts, public charges, and even taxes. If this bill passes, it would be a tremendous milestone for the state as no other state in the US has made Bitcoin legal tender yet.

3 minutes

jennyl • Feb 2, 2023, 12:31 pm EST

How to Buy Bitcoin at ATM

Are you wondering how to buy Bitcoin at an ATM? Here is a step-by-step guide on buying Bitcoin at a Bitcoin ATM.

4 minutes