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Tag Archives: web wallet

How to Store Bitcoin: free multicurrency wallet

If you are a newbie, maybe you are asking yourself the following question: how to store Bitcoin? Which is the safer and cheapest wallet on the web? Why should I open a multicurrency wallet?

Well, today I want to answer people who are trying to start using Bitcoin and cryptocurrencies in general.

First of all, wallet stores a private key that you need to access a bitcoin address for storing and spending your digital currencies.

Bitcoin is a distributed and revolutionary method of payment also defined as Internet of Money as it is a virtual currency without any physical attribution.

So, how to store Bitcoin? We store fiat cash in a physical wallet and Bitcoin works in a similar way, as you will need a virtual wallet.

As well as Euro or Dollar are physical and should be stored in a physical wallet, so bitcoin are virtual and shall be kept in an equally virtual wallet.

If I have to be more specific, you don’t technically store bitcoin anywhere. What you store is the secure digital key you need to have in order to access your public bitcoin addresses and execute transactions.

How to store Bitcoin in a Web wallet

HolyTransaction is a web wallet where you can store your private keys online, on a computer, and connected to the Internet, of course.

One of the main advantages of a web wallet is that you can access them from anywhere and on any device you are using.

Security and Privacy

To create your web wallet you just have to enter your email address. You don’t need to have a bank account or send your ID card, so you can set up it in just one minute.

One way to protect your wallet is encryptit it with a strong password. This will make it difficult to access to your funds.

Another method is doing a back up. To do so, you need to copy your private keys.

Also, you can use a two factor authentication code. In this case you should download a free app called “Google Authenticator” on your mobile phone and scan the QR code obtained. Then everytime you need to execute a transaction you’ll have to enter the two-factor authentication code. And, of course, this will make your wallet safer.

Multicurrency Wallet

A Multicurrency wallet is a virtual wallet where you can store different kinds of digital currencies within the same place.

If you have multiple cryptocurrencies, you typically have to manage multiple wallets for each one. This could be a time consuming task. With HolyTransaction, since it supports several digital currencies, you don’t have to manage a few wallets and you can just log into one wallet and toggle between them in one user interface, making the task much easier.

So, with just one registration and only one password to remember, you can store not only Bitcoin but also the other major cryptocurrencies such as Blackcoin, Dogecoin, Dash, TetherUS, Ethereum and Peercoin.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Bitcoin Price Drops because of the Bremain

Bremain and Bitcoin

Today Bitcoin price drops of about $100, falling to peak of 15% by reaching the value of $551 according to Bitstamp.
In the recent weeks we talked about the 5 reasons of the Bitcoin price was rising so fast. In the list we quoted the “Brexit” as a possible reason.
In fact, the uncertainty caused by this move could be a foundamental reason for the Bitcoin growth.

Bitcoin price Drops

This Bitcoin fall is a continuation of the recent correction – probably due to the previous too fast growth, as explained George Sammam – that began on June 18th, when the price hit $774.
A possible reason for this Bitcoin decline is the “Bremain”, or the possibility of the UK to remain in the European Union.
In fact, experts suggested that maybe the bitcoin price is falling down because of the increasing possibility that UK will vote to remain in the EU.
Tim Enneking of Crypto Currency Fund; investor Vinny Linghan and Arthur Hayes, co-founder of BitMEX, all quoted the ‘Brexit’ vote as a possible reason for this drop:
“The drop below $600 indicates that many traders believe that ‘Bremain’ will prevail. The vote is still too close to call with various polls indicating ‘Brexit’ and ‘Bremain’ in a dead heat.”
So, will the Bitcoin price continue to fall or it will remain stable? Stay tuned for next updates.

Multicurrency Wallet

With this high volatility it is a good behavior to store your Bitcoin in a safe wallet and wait for better times.
You can store your Bitcoin and other digital currencies such as Litecoin, Ethereum, Dogecoin in the HolyTransaction Multicurrency wallet.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Infographic: A basic overview of storage practices

Open your free digital wallet here to store your cryptocurrencies in a safe place.

jorge