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How To Make A Bitcoin Paper Wallet- Complete Tutorial

Bitcoins are one of the most valued assets in today’s time. Therefore special care needs to be taken when it comes to protecting the Bitcoins you have. It’s important.

Talking about Bitcoin safety, you need to keep the private key associated with your wallet protected. We have already discussed the private key and other Bitcoin terminology here.

Let’s understand what a Bitcoin Paper Wallet is.

What’s Bitcoin Wallet?

A Bitcoin Paper Wallet is a type of hardware wallet. In this wallet, the private key and the public key information are printed on a piece of paper.

Different sources create Bitcoin Paper Wallet and if printing your Bitcoin wallet private key on a piece of paper does not sound safe to you, there are sources which incorporate your private key on to a physical coin rather than printing it on paper.

Once the Bitcoin Paper Wallet is generated, you then have to store the paper wallet safely like a commodity.

This is because as the wallet has your Bitcoin wallet private key printed onto it, anyone with access to your private key can easily do transactions using your Bitcoins.

Bitcoin Paper Wallet is for single-use. But even though multiple transactions can be done using the same Bitcoin Paper Wallet but it’s not recommended.

How To Create A Bitcoin Paper Wallet?

Before we take you through the steps required to create a Bitcoin Paper Wallet, below are some points that you should be aware of.

Both the private key and public key will be available in QR as well as text form. The QR form can be used to scan and directly perform transactions using Bitcoins. Alternatively, you can also note down the text of your public and private key and then use it as per your convenience as well.
To initially create the Paper Wallet, your web browser has to be used, and it can be any web browser. Even though the key is generated within the browser and not the internet, it is safe to delete all the browser data once you create the paper wallet, to be safe.
As mentioned earlier, once a Paper Wallet is generated, proper care should be taken to protect the paper wallet so that your wallet address and private key does not go into any other hands.

There are many paper wallet generators out there to create a Bitcoin Paper Wallet easily. For the sake of this tutorial, we will be creating the Bitcoin Paper Wallet from www.bitaddress.org, which is one of the best Bitcoin Paper Wallet generators.

Steps To Create A Bitcoin Paper Wallet:

First of all, launch the web browser on your PC and navigate to the website www.bitaddress.org
Once the webpage loads up, click the right mouse button and from the options that appear, click on the “Save As” option.
Name the webpage as “Bitcoin Paper Wallet” and save the webpage on your desktop and make sure to keep the format as “Webpage, Complete.”
Disable the internet connection on your PC.
Open the webpage that you saved in step 3.
After the webpage loads, keep hovering your mouse on the web page to increase the randomness of the private key. The randomness level will increase until it reaches 100% so keep your mouse hovering until then.
Once the randomness level reaches 100%, click on the “Paper Wallet” option.
Now, the Paper Wallet will be generated.
If more than one private Paper Wallet is being generated, change the value of the “Address to Generate” field to 1. The “Address to Generate” field can be found below the “Paper Wallet” option you clicked in step 7.
Now, click on the “Generate” button.
Once the paper wallet is generated, click on the “Ctrl” + “P” keys on your keyboard to print the paper wallet.
After printing, cut out the main paper wallet leaving the empty paper portions.

That is it. You have successfully created your Bitcoin Paper Wallet. 🙂

How To Encrypt Bitcoin Paper Wallet?

In step 10, you might have seen an additional field titled “passphrase.” What the passphrase field does is that it adds a layer of protection over your private key.

To enable the passphrase field, check the “BIP38 Encrypt?” option and then you can enter any passphrase of your choice.

The private key will be again encrypted using the passphrase. This way, in case, if anyone else gets access to your Bitcoin Paper Wallet, they won’t be able to get your private key unless the passphrase is entered.

However, it is not mandatory to add a passphrase to generate the Bitcoin Paper Wallet.

We hope you enjoyed reading the tutorial and found it useful.

In case of any doubts on Bitcoin Paper Wallets, do leave a comment below and we will help you out.

Also, tell us what other paper wallet generators you use creating bitcoin paper wallet.

The Top 5 Ethereum Wallets To Start Trading Safely (2019 Edition)

Do you know that Ethereum holds the second largest market capital among cryptocurrencies after Bitcoin? It seems quite a promising platform with potential for scalability, reliability, and growth.

The Ethereum cryptocurrency token ETH is well known and numerous people across the globe trade it daily. Ethereum wallets are used to keep the cryptocurrencies well secured. The wallet allows you to keep your ETH tokens safely.

In December 2015, a single Bitcoin was worth around $440, and we saw it rising in value by July 2017 to $2600. By November the very same year, its value was $9,482. But currently, Bitcoin value has declined to US$ 3,663.19.

For beginners, it is crucial to remember the price of a single Ethereum is quite volatile. It can quickly go on to lose 25% of its value in just one day. The most recent example being that only 150 days ago, Ether was a bit under $100 however; now its current value is $117.84.

For those of you, who have yet not used this wallet, it’s time for you to give it a try. Ethereum is evolving the market share rapidly. However, before that, some insight about Ethereum, keep reading to get a clear idea.

What is Ethereum?

According to ethereum.org, “Ethereum is a decentralized platform. It runs on the program without any possibility of downtime, censorship, fraud or third-party interference.”

These applications run on a custom built blockchain, which is a compelling shared global infrastructure. This will allow you to move particular ‘value’ around, and at the same time, represent the ownership of the property.

The application enables the developers to:

Create markets
Store registries of debts or promises
Move funds as per the instructions and
Many such things, which earlier was not possible without the involvement of a middleman

This particular project is developed by the Ethereum Foundation, a Swiss non – profit organization.

What is Ethereum Wallet?

The Ethereum Wallet allows you to decentralize applications on the Ethereum blockchain. It helps you to securely hold on to ether and other crypto assets that have been built on Ethereum. It also allows you to write, deploy and use smart contracts.

To use the Ethereum Wallet, you would require a fuel that is ‘Ether.’ It is a form in which payment is conducted by the clients of the platform to the machines that are executing the operations requested.

Also Read- Bitcoin Terminology Explained: Everything You Need To Know About

The Top 5 Ethereum Wallets To Start Trading Safely

Now that you have an idea about Ethereum let’s find out the best Ethereum Wallets that will allow you to store your cryptocurrency tokens safely.

1. Trezor

Wallet Type: Hardware

Trezor is the first ever cryptocurrencies hardware wallet, and it started with support for Bitcoin, but now it supports Ethereum too.

It is simple and easy to use, which is the reason for it popular among the masses. It is also, light and portable, and comes with an OLED display, which allows you to check your balance, and also verify any transactions before it takes place. It also comes with a web interface.

However, there is a small disadvantage of using Trezor, which is there is no way in which you will be able to change the fee. Other wallet allows you to change the fee, i.e., increase or decrease the value as desired. There have been reports on Reddit about people having to pay 20 cents for a transaction while using Trezor.

<Try Trezor Wallet>

2. Ledger Nano S

Wallet Type: Hardware

Ledger Nano S is also a hardware wallet quite similar to Trezor. This multi-currency wallet allows you to store your Ethereum offline safely. It does not require to be connected to the internet while receiving any transaction.

It will sync the transaction, and new data, once it connected. The Nano S can store both ETH, ETC cryptocurrencies. It is highly secure and comes with an OLED screen, making it easier for you to use it, for receiving or sending any transaction.

A particular disadvantage that Ledger Nano S has is that it does not come with an advanced recovery and also it comes with no passphrase support.

<Try Ledger Nano S Wallet>

3. MyEtherWallet

Wallet Type: Web

MyEtherWallet is the safest web wallet for Ethereum, and it is best for those who prefer using web wallets.

The reason that it is called the most reliable web wallet is that unlike the other available web wallets, which stores your key on their server or the third party servers.

MyEtherWallet allows you to save your private key on your device itself, hence making it more safe and secure.

This is also perfect for all those who use hardware wallet such as Trezo or Ledger Nano S wallets, as it goes on to allow you to access your hardware wallet funds from the web.

The best part about it is that there is no involvement of third-party servers while using the wallet. It allows you to create smart contracts.

It also ensures user privacy; hence, you do not need to register, ensuring that your personal information remains safe and secure.

<Try MyEtherWallet>

4. Mist

Wallet Type: Desktop

Mist is the official wallet from Ethereum. It is an entirely secure platform that can be located on your PC, and the best part is that the private keys remain with only you.

However, it is essential for you to remember the security password that you create during the setup, as this is the only way you can ever log into your wallet.

Additionally, Mist also allows you to trade other cryptocurrencies with the help of Shapeshift. Setting up and using this wallet is easy, and it runs on Linux, Mac and Windows platforms.

<Try Mist Wallet>

5. ETHAddress

Wallet Type: Paper

Paper Wallet is basic but it is highly safe and secure, as the public and private key remain with you as a physical possession, on paper, and the private keys can go on to be encrypted for extra privacy.

This wallet is perfect for those you who are looking for an Ethereum Wallet which offers you with minimum functionality but is completely safe, secure and high on privacy.

Read the article here and create your Ethereum Paper Wallet.

Final Words:

In front of you are the top Ethereum Wallets of 2019, you can now easily choose the one which you like the best and which suits your requirements.

However, while selecting an Ethereum Wallet, it is at first best to consider the platform that you are comfortable with, along with that you need to also keep in mind, how comfortable you are in sharing your private information with the wallet. Think wisely before making any decision.

We hope you find this post useful. Do let us know your experience with the Ethereum Wallets that you use. We would love to hear from you in the comment section below.

Like this post? You might like reading the following articles as well:

Bitcoin Terminology Explained: Here’s Everything You Need To Know About BTC

From $19,500 to just around $3,100! That’s how much the price of BTC has changed over just a year (from 2017-2018). Despite the downward trend in value, more people know about Bitcoin today than ever before.

In simple terms, Bitcoin is a cryptocurrency, but people don’t have much idea about how it works.

Read: What Is Bitcoin And How It Works?

Also, people find it difficult to know about the Bitcoin terminology. In this article, we have compiled the list of most of the terminologies related to Bitcoin and what they mean.

Moreover, we will also answer some frequently asked questions about Bitcoin that will help you understand it better.

Common Bitcoin Terminology And Their Definitions

Let’s begin.

1. Cryptography

It is the foundation on which Bitcoin exists. Cryptography is a branch of mathematics that encrypts a message or data using some formula/method.

To retrieve the original message, the formula should be applied in reverse.

2. Decentralisation

It generally means the distribution of power, functions and so on between entities rather than keeping it centralised within one person or organisation.

Decentralisation of Bitcoin means that it is neither owned nor controlled by any government or private bodies. All data regarding Bitcoin are generated and stored by the people using the currency.

3. Protocol

A protocol refers to the rules and regulations governing how an event occurs.

4. Bitcoin

Many people refer to “Bitcoin” as the cryptocurrency. Well, it’s not.

The word “Bitcoin” with a capital “B” refers to the protocol that makes the bitcoin currency possible.

So when you talk about Bitcoin, you are not talking about the cryptocurrency but the technology that makes the currency possible.

5. Bitcoin Wallet

A virtual wallet where you store the bitcoins you own. Your Bitcoin wallet will have a private key that authenticates you to it and also lets you make payments using the bitcoins in your wallet.

There are two types of Bitcoin wallets: hot wallets and cold wallets. We have already covered about hot and cold wallets in detail here.

6. Private Key

A private key is a secret value that authenticates a user to his/her bitcoins. It is necessary to have a private key to access bitcoins stored in a wallet and perform transactions using it.

7. Public Key

The public key is a 256-bit long value which points towards your Bitcoin wallet so that users can send bitcoins to you.

Even though public keys are a function of private keys, it does not provide access to the wallet and decoding the private key from the public key is a task that is impossible even by supercomputers.

8. Bitcoin Address

Bitcoin Address refers to a 160-bit string derived from your public key. Senders can use this address to transfer bitcoins to a wallet.

Bitcoin Address adds an extra layer of protection to your Bitcoin wallet as neither your public nor private key is accessible to anyone else.

Bitcoin users must generate a unique Bitcoin Address for each new transaction.

9. Blockchain

Blockchain refers to a publicly accessible record of Bitcoin transactions stored in chronological order.

10. Block

A block in the blockchain is a set of Bitcoin transactions.

Each new block added to the same blockchain will have new transactions. But, there can be blocks in different systems having identical entries.

If you consider blockchain to be a notebook, then blocks can be regarded as pages with multiple transactions listed in each page.

11. Peer-to-Peer (P2P)

To ensure integrity and security, blockchain data are partially or entirely copied onto different systems.

P2P or Peer-to-Peer data sharing architecture makes this possible.

Each system connected within the Bitcoin network is a “peer” or “node”.

As multiple nodes will have the same data, there are very low risks of data corruption.

12. Mining

Mining is the process of adding completed Bitcoin transactions to the public ledger.

Miners are the people who dedicate computer hardware to get mining done.

Bitcoin miners get bitcoins as a reward when they successfully process a block of data.

13. Double Spending

Double spending means spending the same bitcoins twice.

As storage of Bitcoin transaction data follows a chronological order, the blockchain can prevent double spending from occurring and will validate each transaction before confirming it.

14. Transaction Confirmation

Once a transaction enters a block, the sender will get a Transaction Confirmation message.

Multiple transaction confirmation messages can appear if same transaction data enters multiple blocks.

15. Signature

A signature is what authenticates that you are the actual owner of your Bitcoin wallet and is to be present in each Bitcoin transaction.

16. Multisig

Multisig stands for Multiple Signatures.

Multiple signatures for the same transaction makes sure that no single person can solely authorise Bitcoin transaction.

Multisig becomes helpful when multiple people are handling the same wallet.

17. Altcoin

Altcoin refers to any cryptocurrency that is not Bitcoin. For example Litecoin, Ethereum, Ripple.

Commonly Asked Questions Related To Bitcoin

Take a look at most common bitcoin queries asked by the users.

1. Who is behind Bitcoin?

Satoshi Nakamoto is the man behind Bitcoin and created it back in 2009. The name is not real and is a pseudonym which may represent an individual or a group of people.

2. How is Bitcoin different from common currency?

First and foremost, Bitcoin is a digital currency.

As Bitcoin is a decentralised currency, no government agencies or banks can freeze the bitcoins you own. Also, as Bitcoin transactions are available in multiple records, payment frauds and counterfeiting can be eliminated.

3. How and where to buy bitcoins?

You can buy bitcoins from online exchanges using fiat currency or altcoins.

4. How to join as Bitcoin miner?

Anyone can become a Bitcoin miner.

But the volume of Bitcoin transactions completed each second is so huge that dedicated and specific mining hardware becomes a requirement to complete the task.

Once the mining hardware is ready, you can then choose either to mine solo or join a mining pool. Mining resources from individual miners when combined form a powerful mining setup called “mining pool”.

In a mining pool, earnings will be shared equally among the miners.

5. How many bitcoins will ever get generated?

Only 21 million bitcoins will exist in the lifetime of bitcoins. About 12.5 million bitcoins have already made so far.

6. Is Bitcoin a Scam?

Bitcoin is not a scam as all transaction data are publicly available and anyone can verify it.

Moreover, no one including the founders is getting paid for any transactions done using Bitcoin.

7. Is Bitcoin Legal?

Whether Bitcoin is legal or not depends on the country where you are. Some countries like the US have legally recognised Bitcoin whereas some countries like China have not.

8. Are bitcoins Taxable?

Taxes on bitcoins depends on the country you live.

However, if your country charges taxes, then if you exchange Bitcoin for traditional currencies like Dollar or Euro, then you will have to pay taxes.

9. What Determines the Pricing of bitcoin?

No individual or organisation can determine bitcoin value.

Like any other commodity, the pricing of bitcoin primarily depends on the number of bitcoins that are available in the market and the overall demand for the bitcoin.

10. Are Bitcoin transactions anonymous?

Even though private key and Bitcoin address are public for every transaction, identities of involved parties in a Bitcoin transaction are anonymous.

Final Words

We have tried to include some of the very basic yet essential Bitcoin terminologies and most frequently asked Bitcoin-related questions in this article.

We hope you, like it. However if there any other definitions, or terminologies that you think we should have covered here, feel free to let us know in the comment section below.

4 Best Secure Bitcoin Gold Wallets 2019

Are you looking for a secure Bitcoin Gold wallet? Bitcoin Gold is a hard fork of Bitcoin in the year 2017 with an aim to fix the design flaws.

On the other side, there exist a lot of similarities between Bitcoin Gold and the original Bitcoin.

For instance, both are decentralised forms of cryptocurrencies. But you need to make sure that any wallet you select to store your Bitcoin Gold currencies is entirely safe and compatible.

It is so because a plethora of Bitcoin wallets do not usually support this newer form of digital currency. Bitcoin Gold is a new concept in the world of cryptocurrency and hence you would find a few options for storing Bitcoin Gold (BTG) currencies.

Moreover, you need a reliable/secure BTG wallet because a good wallet would also facilitate sending and receiving transactions with other BTG users.

At present, there are only a few verified wallets for storing Bitcoin Gold coins, and here we have compiled the most secured BTG wallets.

Just in case, if you are investing for the first time in BTG, then you should consider these relevant facts:

5 Relevant Facts To Consider For New Investors:

It is a widely accepted fact that cryptocurrencies are speculative and they comprise of significant risks.

Furthermore, they are highly volatile and are quite sensitive to secondary activity.

The performance of BTG currencies is unpredictable, and the past performance of them does not guarantee future performance.

Here is the list of individual facts that one should take into account in case they are new to the world of cryptocurrencies.

BTG wallets comprise a 32 digit address which is vital to send and receive the cryptocurrencies.
You always have to keep the key of the BTG wallet safe. Ensure that you do not share it with anyone as you would lose all the currencies in your purse.
It is highly improbable that someone would steal all your cryptocurrencies. But if you forget or share your wallet key with someone else, then you can lose out on the savings of your valuable cryptocurrencies.
The information related to your BTG wallet is always public. It usually implies that the user using your address can ever see the number of coins you have. However, this does not mean that anyone can steal your BTG currencies.
It is vital to note that the address and password of your wallet are entirely two different things. When you opt for creating an account in the purse, it usually makes way for a phrase of random characters. This is the key to your BTG wallet which you need to keep in a safe place.

Best Reliable BTG Wallets Available 2019

Now as you know about the cryptocurrency facts, let’s take a look at the best Bitcoin Gold Wallets that you can try in 2019.

1. Coinomi

It is a great multi crypto online purse. This means that you can use it to store hundreds of different cryptocurrencies which also includes a variety of altcoins.

On the other side, a highlighting factor of Coinomi lies in the fact that the code is open source in nature.

Moreover, the private keys are always kept securely on the device in which you are working.

Quite interestingly, a slight disadvantage of this wallet is that it is only available for Android platforms.

However, it supports up to 80 BTG coins. It is that type of an online BTG wallet that has native support for Bitcoin.

It supports the continuous integration of tokens and critical altcoins. Also offers excellent security to the users as the private keys of this wallet never leaves your Android device.

Coinomi comprises of strong wallet encryption which further ensures that all your funds are safe.

Furthermore, it has no KYC verification and IP association. These two aspects make it a good BTG wallet in which you can store your coins.

<Try Coinomi>

2. The Ledger Nano S Bitcoin Wallet

It is one of the best wallets that are available in the current market of BTG coins.

Ledger Nano S also has the unique prestige of being one of the most trusted BTG wallets. Quite interestingly, it fulfils all the needs of the users when it comes to storing the BTG coins securely at one place.

Ledger Nano S Bitcoin Wallet does support other altcoins too. It also comes with a small OLED screen so that it controls various types of transactions. It usually costs the users around 60 dollars.

Hence, it is quite cheap when compared to the other popular BTG wallets out there in the market.

<Try Ledger Nano S Wallet>

3. Freewallet

It is that kind of a wallet with the assistance of which you can store and manage digital currencies.

This BTG wallet facilitates practicality in this new world of BTG coins. In this context, it is important to note that with Freewallet, your funds are always safe. It is so because if you tend to lose your Android or iOS device, you would be able to freeze your account.

You can also add security measures to this BTG wallet by enabling a plethora of codes.

Freewallet also comprises of a quick transaction process, and the users do not need to worry much about the original currency.

It also comes with the feature of inbuilt coin storage. This ensures that all the assets get stored in the offline mode.

<Try Freewallet>

4. The Guarda Wallet

The Guarda Wallet is a secure wallet which is suitable for Blockchain assets.

Interestingly, it’s a recently launched. It is an EU based company and comes with various security measures.

These security measures are in the form of additional safety related to the private key and added layers of encryption. Even the company does not have access to the private keys of the users.

Hence, the private key is safe and secured and stays on the device only.

The user interface of this BTG wallet is one of the highlight aspects behind its popularity. This Bitcoin Gold wallet can facilitate transactions within a second.

However, it is currently available for the iOS devices only which can be a slight disadvantage for other BTG owners.

<Try Guarda Wallet>

Final Words

So, these are some of the best BTG wallets that you can try in 2019. However, it is expected that the cryptocurrency investors would see the emergence of more BTG wallets with improvised features and latest security layers.

We hope you find this post useful and try one the BTG wallets mentioned above. Do let us know us your thoughts on the above list. Also, if you are using any other BTG wallets, feel free to share it with us in the comment section below.

How To Buy Bitcoins Online In 2019 – 3 Simple Steps

Are you looking forward to buying bitcoins? Bitcoin price decline had made the crypto a good buy. The digital currency will bring a massive turn in 2019. The current value of BTC is $3,486.28 which was around $6K back in 2017.

There has been a global venture investment in blockchain and adjacent startups. So, if you’re thinking to invest in Bitcoin for the first time and looking for simple ways to buy it, this tutorial guide is for you.

There are a lot of websites out there that allow users to buy Bitcoin. The only difference is the payment modes that are supported by the websites. Also, the countries in which the sites allow buying bitcoins online.

Before you jump into the tutorial, let’s discuss the payment modes that you can use while purchasing bitcoins.

You can buy bitcoins with the following payment modes:

Credit Card/Debit Card.
Bank Transfer.

1. Credit Card/Debit Card

Buying bitcoins using a credit card or debit card is the easiest way. Both are the least recommended payment modes of all.

Payment done through the cards comparatively posses higher transaction fee. Also, for buying bitcoins using a debit or credit card, you will have to provide your details which can be a bummer especially if you are buying from a place where purchasing or holding bitcoins are illegal.

Coinbase, CEX.io, BitPanda, and Coinmama are some of the trusted websites that allow users to buy bitcoins using a credit/debit card.

2. Bank Transfer

Bank transfer is the best mode of payment for purchasing bitcoins online. The main benefit of paying via bank transfer is that you can buy bitcoins in massive amounts. Whereas, buying bitcoins using credit/debit card has certain purchase restrictions.

Bank transfer also has the least transaction fee of all. However, you have to provide personal details when paying through bank transfer.

Another small inconvenience is that bank transfer transactions can take up to five working days and your bitcoins get credited after the transaction is done.

Coinbase, Bitpanda, Gemini, Kraken, and Bitstamp are some of the recommended websites to buy bitcoins through bank transfer.

How To Buy Bitcoin Online in 2019?

Now that you know the payment modes, below are the steps you need to follow to buy Bitcoin online.

Step 1: Create a Bitcoin Wallet

First of all, create a Bitcoin wallet to store your purchase. Though many websites that allow users to buy Bitcoin have their digital wallet, you should always create your Bitcoin wallet.

There are two types of Bitcoin wallets:

Hot Wallets: These are online-based virtual wallets convenient to store a small amount of Bitcoin. Jaxx is one of the most used hot Bitcoin wallets.

For the sake of this tutorial, we are using the same wallet as an example. You are free to try any other Bitcoin wallets though.

Below are the steps to set up the Jaxx Bitcoin wallet:

First of all, download and install the Jaxx Bitcoin wallet application for Android from here and iOS from here.
Launch the application on your device.
From the list of digital currencies, select “Bitcoin”. You can also use the Jaxx wallet to store other digital coins as well.
Now, click on “New Wallet” option.
Click on the “Yes, Backup Wallet” option. A unique 12-word recovery phrase gets displayed. Store this phrase properly and do not share it with anyone as the phrase gives direct access to your Bitcoin wallet.
Now, click on “Settings” option and then click on “Setup Security Pin”.
Set up a strong security pin for your wallet. You can use this pin to confirm payments that you do use the wallet.

The backup phrase and the security pin are not the same. The backup phrase is what you will need to access your Bitcoin wallet on another device. Whereas, the security PIN confirms payments that you process using your wallet.

Cold Wallets: These are hardware-based physical wallets without an internet connection. Bitcoin owners have to manually download and save their Bitcoin wallet address into the hardware wallet.

Hardware wallets are highly safe to store bitcoins safely. Trezor, Ledger Nano S, and KeepKey are some popular cold Bitcoin wallets.

Step 2: Find an Exchange to buy Bitcoin and Register

Finding the right exchange is very important while purchasing Bitcoin. Even though there are a lot of exchanges out there that allow users to buy Bitcoin, but not all exchange work in other countries.

For example, the BitPanda exchange is only available for buyers from European countries. But, Coinmama exchange is accessible from anywhere in the world.

You should also check if the exchange of your choice accepts your preferred mode of payment. Some exchanges only offer the option to pay either via credit/debit card or bank transfer.

Once you find your preferred exchange to buy bitcoins, you will have to create an account and register to the exchange. Most platforms require users to create an account before allowing them to buy bitcoins.

Step 3: Purchase bitcoins and transfer them to your Bitcoin wallet

After creating an account on the exchange of your choice, log in to your account and purchase bitcoins of your desired amount.

After the acquisition, your bitcoins either get transfers to the wallet within the exchange, or you will have to provide your Bitcoin wallet details to transfer your bitcoins to your wallet.

Even if the bitcoins get transferred to the wallet within the exchange never forget to keep it safe in your Bitcoin wallet.

Final Words

We hope you find this article helpful and purchase Bitcoins easily. In case, if you have any doubts regarding buying Bitcoin online, do leave a comment below and we will help you out.

What Is Bitcoin & How It Works – Beginners Guide

If you haven’t heard of Bitcoin yet, then you are living under a rock. A lot of people are investing in Bitcoins, though it’s the other thing that the value of Bitcoin is not that high at the moment as it’s used to be in 2017. But it’s quite likely that in 2019, this cryptocurrency would be into the heights again.

If are a newbie and never heard about Bitcoins before, then this Bitcoin beginner’s guide is for you. Here we have gathered all the necessary information explaining what Bitcoin is and how it works.

What Is Bitcoin After All?

You must have heard many numbers of times that Bitcoin is a cryptocurrency. But what does that mean?

Bitcoin is a form of digital currency that makes use of the cryptographic technology and hence is called a cryptocurrency. The purpose of cryptographic technology ensures that the digital currency is not fraud generated or get stolen.

There are other cryptocurrencies out there in the market besides Bitcoin, like Ethereum, Ripple, Litecoin, Dash, etc. But do you know that Bitcoin stands out among all?

Bitcoin is so popular plus highly valuable than any other cryptocurrencies. Let’s understand the reasons here.

Reasons Behind Bitcoin Popularity

1. Bitcoin was the first cryptocurrency ever to be established. The Bitcoin was invented back in 2009 by Satoshi Nakamoto.

2. Few countries banned the use of cryptocurrencies and few welcomed it considering it legal tender money.

Well, this is because cryptocurrencies like Bitcoin are said to be decentralized currencies.

The term “decentralized currency” means that cryptocurrencies like Bitcoins are not issued by the centralized banks of any recognised government.

You can use the crypto coins to transfer wealth or ownership of any other commodity without the need of a third party.

How Does Bitcoin Work?

To let you understand how Bitcoins work, it is, to begin with, the phase of buying Bitcoins.

To buy Bitcoins, you can make use of any Bitcoin trading website. Once you create an account on the website, you will then be able to buy Bitcoins from the site.

To trade, enter the number of Bitcoins and then pay the corresponding amount (depending on the value of coin at the time) in dollars or any supported currency.

Once you buy, it is required to store somewhere, just as we store other currency in our wallets.

As Bitcoins are not a physical currency, a digital wallet, similar to your existing Google Pay or PayPal account, is used.

There are two types of digital wallet storage for Bitcoins:

1. Hot storage and

2. Cold storage

1. Hot Storage Wallets

Hot Storage or hot wallets are meant to describe digital wallets that store Bitcoins connected to the internet.

Which means, accessing a hot wallet would require an internet connection and all the data regarding your Bitcoins gets stored online.

Some of the great hot storage wallets are Bitcoin Wallet, Green Address, Mycelium, Bitcoin Core, etc.

2. Cold Storage Wallets

As hot wallets are prone to hacking threats, cold storage or cold wallets took place instead.

A cold wallet is a physical device most likely a USB device that does not require an internet connection.

To feed your Bitcoin data on to a cold wallet, you first need to download your Bitcoin data and then paste the data on to the cold wallet.

Once the data gets submitted, the cold wallet requires no connection to a system anymore and can even perform standalone transactions.

As cold storage wallets are not at all connected to the internet, they are very much safe from hacking threats.

Trezor, Ledger Nano S, and KeepKey are some of the highly recommended cold storage wallets you can try.

What Else I Can Do With Bitcoins – Perform Transactions, Private Keys & More

Even though many are buying Bitcoins from an investment perspective, you can use Bitcoins to perform transactions.

Both cold wallets, as well as hot wallets, can be used to perform transactions using Bitcoins.

Quick thing: Bitcoin transactions make use of private keys, which are unique for each Bitcoin wallet. But if you forget your private key once, you can no longer access your Bitcoin wallet.

Private keys are highly secure and work like a password that ensures that the actual wallet owner initiates all Bitcoin transactions. Private keys also help in uniquely identifying the wallet that started the transaction.

Now once a transaction is done, how is it verified and processed?

This is where the Bitcoin mining system comes. Bitcoin mining systems are connected distributed systems that are not owned by a single person or company but can be anyone who offers their computing hardware for mining.

Through computing hardware, all transactions are verified using the private key. The people who lend their computing hardware for mining are paid in Bitcoins as well.

Final Words

We have tried to cover a comprehensive guide here for Bitcoin newbies/beginners. We hope you find this post useful and learn about what is bitcoin and how it works.

If you have any doubts or queries, feel free to leave a comment below. If you like reading the article do share it with your friends and colleagues on social media networks.

Should I Invest In Bitcoin In 2019? Must Know Interesting Facts

Are you also thinking to invest in Bitcoins in 2019 and want to make some quick money?

Everyone is talking about Bitcoin these days. Whether we browse Facebook, Twitter, YouTube or any other social channel, this cryptocurrency is everywhere. Seeing Bitcoin’s rapid growth in the past few years, this virtual currency has gained investors in short span.

To help you make the right decision here, we have covered some of the facts and assumptions made on Bitcoins.

You will get a complete idea about this virtual currency and decide whether you should be investing IN or NOT.

RBI Saying No To Bitcoin Investment

RBI warns people before for coming the next four years saying that these virtual currencies loss are unbearable. In 2017, the most significant cryptocurrency Bitcoin value was 17000 Dollars (approx 12 Lac) and its total market value today has gone down to 2.40 Lac rupees only.

According to Coinmarketcap.com, other cryptocurrencies like Ethereum today has a total market value of just Dollar 93.41. The assumption is there that these currencies may change drastically at any point of time and these aren’t a suitable medium of investment.

The Future Of Bitcoin

Whereas Nasdaq and other stock exchanges in coming next year have given hints to early start trading in these cryptocurrencies.

These private currencies are yet not adopted by any Central Banks in India. But in future, the value of these cryptocurrencies will be at the peak that even the government would not be able to ignore it.

In 2017, the market value of Bitcoin was more than the GDP of Pakistan (which is 30.07 lac crore rupees). If the top 20 cryptocurrency market value is analysed, then this would be entering into the top 30 countries in the world, according to GDP.

According to a media report, Zebi in Hyderabad-based blockchain startup has collected 2 Million Dollars through initial coin offerings. Windex, a startup company in Bangalore, has launched its ICO on 27th October 2017. This company has arranged 2.79 crores till 4th Dec 2017 and was aiming to achieve 26 crores more finance.

Understanding More About Bitcoin

Cryptocurrency is a peer-to-peer based network, where every server or user has all the data and information of who is having how much of Bitcoins and who is selling them in what quantity to other. But it does not have any centralised database system.

Like, if you spend money from your bank, it shows a debit balance, and if you receive, it shows a credit balance.

Cryptocurrency does not have any such centralised authority. People are showing more interest in these cryptocurrencies because this type of currency is not in control of any central bank authorities.

In the market, you will hear about various types of cryptocurrencies (even I’m still exploring it) 😛

At present, there are more than 1300 cryptocurrencies in the market. And from all among only top 20 cryptocurrency are in demand according to its quantity and value. Peercoin cryptocurrency which is in 100th position has a value of US$ 0.48.

These are the top 20 cryptocurrencies:

Bitcoin ($3,486.28)
Ethereum ($93.41)
Bitcoin Cash ($91.07)
Ripple ($0.313911)
Litecoin ($29.12)
NEM ($0.065295)
Dash ($70.03)
IOTA ($0.249445)
Monero ($42.81)
Ethereum Classic ($3.98)
NEO ($6.43)
OmiseGo ($1.26)
Hshare ($0.844034)
Qtum ($2.09)
BitConnect ($0.679889)
Lisk ($1.24)
Stratis ($0.693850)
Waves ($2.55)
Tether ($1.00)

So, Should You Invest In Bitcoins In 2019 Or Not?

Theoretically NO. But practically, if you are earning good and looking for an investment opportunity, I would suggest you invest a little in bitcoins and see the impact of it.

Reserve Bank has said in its accordance that these currencies are kept in e-wallet, and for this reason, their chances of being hacked, virus attacks, password hacking and many more such high risk are involved.

Although these risks are also involved in e-wallets like Paytm and Mobikwik, internet or mobile banking accounts, losses caused by these are accounted for and is being considered by the banks.

But in cryptocurrencies, if your Bitcoins coins are hacked or stolen, then there is no way out for you to get them back. Moreover, because of no centralized authority, you cannot claim anywhere to get your invested money back.

But there are hardware wallets which you can use and keep your bitcoins safe and secure. We will be covering them in coming articles.

As per predictions, Bitcoin will hit new heights in 2019, and this is the reason you should go for it.

We hope you find this post helpful and it clears all your doubts about whether you should invest in Bitcoins or not. If you have any questions, do let us know in the comment section below.