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3 Best Ways To Invest In Bitcoin by CoinsIQ

Invest_in_Bitcoin

Many of the people are intrigued by the continuous rise in the price of Bitcoins. Many people live in fear that if they invest in Bitcoin at the current price, they would be losing a significant amount of money. The truth is that still you can invest in Bitcoins in the right way. You have to make sure that you are having a proper strategy before investing in Bitcoins. Today we would share with you best ways to invest in Bitcoin.

Invest_in_Bitcoin

  1. Going through a reputed exchange:

Instead of buying Bitcoins through a shady website, you have to go through the reputed exchanges like coin base, Kraken etc. when you are able to invest in Bitcoin with the help of these reputed exchanges, it becomes easier for you to buy Bitcoins as well. Also, the liquidity on the platform is on higher side.

This ensures that you would be able to buy and sell the Bitcoins quite easily. Moreover, you have to look into the limitations of these platforms before you submit your documents. Only when the rules and regulations of these websites are good enough for you, you can go ahead and invest in Bitcoins through these websites.

  1. Investing through investment schemes:

Currently, there are mutual funds as well as other websites which can help you in investing a part of your portfolio in crypto currencies. These crypto currencies would also include Bitcoins. That is why, if you do not want to directly invest in Bitcoins, you can opt for these mutual funds as well as crypto currency funds which would ensure that you are able to invest in crypto currencies with the expertise of the mutual fund managers. This significantly reduces the risk of investing in crypto currencies.

  1. Mining:

If you do not want to invest in Bitcoins at such a high price, you can invest in a mining rig. This would ensure that you are able to generate Bitcoins with a profit. This can also ensure that if you are able to run the rig, for a longer period of time, you would be able to get a significant number of Bitcoins as well. Since the price of Bitcoins is continuously increasing, you would be able to get a decent profit through mining as well.

So, whenever you are looking for the best ways to invest in Bitcoin, it is important to look into these 3 best ways to invest in Bitcoin which we have discussed above and thereafter you can decide which option you need to opt for.

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Bitcoin Review Wallet

Samourai – Bitcoin Wallet Review

Samourai_Bitcoin_Wallet_Review

Another bitcoin wallet review by CoinsIQ

Bitcoin wallets these days are available in plenty. The problem is that most of these wallets are not secure. Most of the Bitcoin wallet companies do not take proactive steps in order to make them secure. When you’re storing your Bitcoins in these wallets, it is important for you that the Bitcoins remain entirely secure. That is why you have to always opt for the most secure Bitcoin wallet. Also, not all the Bitcoin wallets run on all operating systems. That is why it is important for you to look at the operating system compatibility of the Bitcoins as well. Once you are able to look at the operating system compatibility, that is only when you would realize whether this particular Bitcoin wallet is good enough for you or not.

Today we would speak about Samourai wallet – a Bitcoin wallet review. We would go into the details of this Bitcoin wallet in order to help you better understand whether it is a good enough option or not.

Samourai_Mobile_Wallet_Review

What is Samourai Bitcoin wallet?

Samourai wallet is a mobile wallet. The main focus of this wallet is on the security as well as accessibility of the wallet. Owing to this very reason, if you’re looking for a secured wallet which provides you with privacy as well, this is one of the best options for you.

As more and more electronic wallets become more accessible to people, the competition just keeps on increasing. Some of the electronic wallets just keep on innovating newer and newer features and incorporates them in its wallet in order to make it more usable for people. That is why, if you’re looking for advance mobile wallet, Samourai Bitcoin wallet is the perfect option for you.

Samourai Bitcoin Wallet’s Features:

Now we would go into the features of the Samourai Bitcoin wallet.

  1. Enhanced security:

Samourai wallet does not just comply with the industry standard security protocols but it also has an advanced security protocols as well. You would have to enter a pin code in order to open up the wallet each and every time you want to use it.

  1. Privacy:

Samourai Bitcoin only does not use the same Bitcoin addresses. This ensures that you are able to hide your identity as well. Also, you can conduct as many transactions as you want without having to use the same kind of Bitcoin wallet address.

  1. Easier to send Bitcoins:

The platform for sending the Bitcoins is also pretty easy to use. You can directly send the Bitcoins from your smartphone. Also, private sending feature is also possible. Whenever the network is slow, the wallet would also inform you regarding the time which it will take for the network to process the Bitcoins. This ensures that it becomes easier for you to decide how much fees you have to pay in order to get the transaction completed at a faster pace.

  1. QR codes facility:

Instead of sending the wallet ID, you can use the wallet facility in order to scan the code and send the payment. This ensures that you do not have to type the pretty long Bitcoin wallet id. This also provides you with an enhanced security as well as QR codes are very difficult to manipulate.

The QR codes can also keep the wallet ID of your Bitcoin wallet completely secure.

Samourai_Mobile_Wallet_Nodes

  1. Trust Node:

If while sending the Bitcoins, you do not want the Samourai Bitcoin wallet to use their own nodes in Iceland, you can input your own trust node. This would ensure that your transactions are completed through those trusted notes. This would provide you with an enhanced layer of security.

  1. Stealth mode:

Even if you want to remotely view the Bitcoin wallet ID, you can send an SMS to your phone with the text:

SW seed PIN_CODE

This would provide you with the seed of the wallet.

You can even wipe your wallet remotely as well. There are quite a few other commands as well which you can opt for remotely.

Moreover, if you want to hide the wallet in your smartphone, that is possible as well. Normal people would not be able to view the wallet at all. In order to view the wallet, you have to dial

**Pin_Code#

This would open up the Samourai Bitcoin wallet.

If you liked this blog post, please follow us on Twitter @coins_iq and also make sure to subscribe to our e-newsletter to receive the best and latest information on bitcoin, cryptocurrency, crypto trading and bitcoin investment!

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Bitcoin Review Wallet

Mycelium Review – Bitcoin Wallet Review

mycelium_bitcoin_wallet_review

Another bitcoin wallet review by CoinsIQ

More and more people are conducting their transactions through their smartphones. That is why, when you’re investing in Bitcoins or any other cryptocurrencies, you would always try to manage it from your smartphone. One of the main things which you have to keep in mind is that if you want to easily access your Bitcoins from the smartphones, you need a mobile wallet. The problem is that while choosing a wallet, you have to be careful in ensuring that you are opting for the most secured wallet. When you’re looking for mobile Bitcoin wallets, one which you would often come across is Mycelium. Mycelium is able to provide dedicated mobile-based wallets to a lot of users. It has a pretty stellar reputation as well.

In today’s review, we would go into the details of Mycelium mobile wallet in order to help you better understand why it is one of the best options for you.

What is Mycelium wallet?

Mycelium is an electronic mobile wallet which is entirely compatible with the android smartphone. There are a lot of different security features which are built into this wallet. The integration of the mobile wallet with Android operating system ensures that you are able to buy and sell Bitcoins from this wallet quite easily. This is one of the main reasons why this wallet has become so popular.

If you look at the mobile application of Mycelium, you would realize that it is pretty easy to understand. The graphic user interface is simple to understand and moreover, it is pretty easy to use.

Features:

We would today go into the features of the Mycelium mobile wallet in order to give you a better idea how you can use it.

Mobile operating system compatibility:

This wallet is compatible with the Android operating system as well as the iOS operating system. This ensures that you would be able to run it on a maximum number of mobile devices as well as tablets. Thus, you do not have to take any extra steps in order to make the wallet compatible with your smartphone or tablets.

Stellar reputation:

The wallet was 1st founded in 2008. Since then, it has a very stellar reputation. It is considered as a safe wallet by the entire industry. That is why, even when you’re asking for wallet recommendations from your exchange, most of the exchanges would be recommending you this wallet.

Open source:

The Code of this wallet is open source. This ensures that you are able to easily get newer and newer developments from time to time. This enhances the security further as well.

Integration with hardware wallets:

These days, in order to keep the Bitcoins safe, it is important to put them in the hardware wallets. Mycelium is completely integrated with the hardware wallets as well. This ensures that you are able to keep your Bitcoins completely secure. The hardware wallets can store the Bitcoins off-line. This ensures that you do not have to worry about hacking or any kind of attacks on your wallet.

Different account options:

Depending on a number of Bitcoins which you want to store as well as the time period for which you want to store, the type of accounts which are on offer are plenty. Thus, you can easily choose the contacts which are the perfect option for you.

Faster synchronization:

This wallet can be easily connected with the Bitcoin network. This ensures that whenever you want to transfer the Bitcoins or buy or sell the Bitcoins, it can be easily integrated to the main network as well. This makes it much easier for you to use the Bitcoins directly from your smartphone. You would not even have to get on the computer in order to use the Bitcoins. This is one of the main advantages of this mobile wallet.

The company who is behind the Mycelium mobile wallet is always evolving the features in order to make it more secure for the users to store their Bitcoins. It is also integrating more and more technology in order to make sure that the wallet is becoming multifunctional.

If you liked this blog post, please follow us on Twitter @coins_iq and also make sure to subscribe to our e-newsletter to receive the best and latest information on bitcoin, cryptocurrency, crypto trading and bitcoin investment!

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Bitcoin Guide Resources

What is Bitgold? All you need to know!

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What is BitGold?

BitGold is actually very different as compared to your normal crypto currency. BitGold is provided by a Canadian company. The underlying principle behind BitGold is that you would be able to save your money and convert into gold reserves with the help of BitGold. Moreover, whenever you are sending someone payments you can convert it into a gold reserve; and thereafter send the payment which ensures; that the payment is completely secure and backed by the bullion metal.

History of BitGold:

The company which is offering BitGold was started in 2014. The company is currently providing you with the opportunity to convert your savings into gold and to sell gold whenever required and to redeem gold as well.

The company is headquartered in Toronto, Canada.

Services offered by BitGold:

BitGold currently offers the service to buy gold as well as to make any business or financial transactions between businesses or individuals using gold. The customers who are using the services of BitGold can directly send or receive the bullion metal.

Whenever you are depositing and storing your money in Bitcoin, the company actually buys and holds gold in its vaults and different cities around the world. The statements of the company are audited by PricewaterhouseCoopers; in order to ensure that it is actually providing the gold backed standard.

Bitgold is still in the initial stages owing to which the market cap is just around $1.13 million. However, as has been seen in the past; assets which are backed by gold become a standard form of transactional currency. Owing to this very reason, you can be sure that BitGold actually has tremendous potential when it comes to providing the gold standards in terms of currencies as well as the financial transactions.

Due to this very reason, if you’re looking to invest in upcoming currencies or in gold, BitGold is one of the best options for you.

Top 3 Bitcoin Trading Platforms by CoinsIQ

If you liked this blog post, please follow us on Twitter @coins_iq and also make sure to subscribe to our e-newsletter to receive the best and latest information on bitcoin, cryptocurrency, crypto trading and bitcoin investment!

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Bitcoin Review Wallet

Bitcoin Wallet Review – Electrum wallet review

Bitcoin Wallet Review - Electrum wallet review

A Bitcoin Wallet Review

With the value of Bitcoins soaring in the past couple of months, it has become more important than ever to keep your Bitcoins entirely safe. One of the best ways to keep them safe is to opt for an electronic wallet. This would ensure that they would largely remain safe from hacking as well. However, when you’re looking for a good electronic wallet, you would realize that there are quite a few options which are available. Instead of going for any electronic wallet which might not be safe, it is a better idea to go for the reputed ones like Electrum.

We would today share with you the detailed review of this electronic wallet to make it easier for you to understand why it is one of the best options to store your Bitcoins.

What is Electrum wallet?

Electrum is an electronic wallet which is pretty lightweight; and can be used through your computer as well as smartphones. Whether you’re just having a few Bitcoins which you want to store in it or whether you’re having hundreds of Bitcoins, it is good enough for both the users. The main advantage of Electrum is that you need not download the entire blockchain in order to run the wallet or in order to store the Bitcoins in the wallet. It provides you with a lightweight version which ensures that you are able to easily download it and install the Bitcoins. It is compatible with:

  • Windows
  • Linux
  • Mac OS
  • iOS operating system
  • Android

As the wallet is supported in almost all the prominent operating systems, you can be sure that you would be able to use it from any device.

Features of Electrum wallet:

Now, we would look into the features of Electrum wallet in order to provide you with a better idea.

Great reputation:

Electrum wallet has been around since 2011. It has a stellar reputation as a safe wallet for storing your Bitcoins. That is why, whenever you are looking for a wallet which is reliable as well as can keep your Bitcoins secure, this is the perfect option for you.

Easy to use:

Many of the people are not familiar with the technical details of the blockchain technology. Owing to this very reason, they are not able to look into any technical aspects of the Bitcoins wallet. On the other hand, when you’re using the Electrum wallet, you do not have to look into any of the technical details of the wallet. It is pretty easy to set up. Also, the setup time which is required is also on the lower side. You have to just follow a few instructions; which are stated on the official website of the Electrum wallet; and as soon as you are able to do that, you can set up the wallet quite easily.

Proper privacy safeguards:

You can anonymously store the Bitcoins as well. This ensures that you do not have to reveal your identity. One of the main reasons why investors all over the world are opting for Bitcoins is due to the privacy features. When you’re using the Electrum wallet, you can maintain these privacy features as well.

Can be integrated with hardware wallets:

If you’re storing a significant amount of Bitcoins, you would need a hardware wallet security as well. Electrum wallet can be easily integrated with multiple hardware wallets as well. This would ensure that you do not have to worry about storing the Bitcoins as well. Moreover, whenever you are integrating it with the hardware wallets; you can be sure that it becomes easier for you to store the Bitcoins offline as well. This would ensure that you are not prone to hacking; neither you would be suffering from any glitches in the wallet as well. Thus, if you need additional security you can go for the off-line Bitcoin storage with the help of Electrum by integrating it with the hardware wallet.

No downtime:

Electrum wallet is not synchronized with the centralized server. The entire wallet storage method is entirely decentralized. That is why you would not suffer from problems like downtime. You can easily use the wallet or the Bitcoins in the wallet at any point in time.

When you look at all of these features of the Electrum wallet; one thing which you would realize is that if you want to keep Bitcoins really safe; it is one of the best options for you.

So, the next time around you’re confused about storing your Bitcoins securely; you have to just opt for the Electrum wallet which would make it easier for you; to store the Bitcoins in a completely safe way.

If you liked this blog post, please follow us on Twitter @coins_iq and also make sure to subscribe to our e-newsletter to receive the best and latest information on bitcoin, cryptocurrency, crypto trading and bitcoin investment!

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