The Safest Ways to Store Bitcoin
Kenny Stevens – Bitcoin Enthusiast
Bitcoin is an innovative payment network and digital money that is instant, private and free from bank fees. It is a virtual currency made in 2009 that uses peer-to-peer technology to ease rapid payments. Bitcoin is not printed, like regular currency – instead, they are produced by computers worldwide using free software and held electronically in software called wallets.
2 Coin Storage Methods:
Desktop Wallet:
Desktop wallets are accessed best through a personal computer, with private security keys stored locally on a single machine, although it is good to be aware that Desktop wallets are susceptible to hacks through malware etc.
Hardware Wallet:
A hardware wаllеt can provide greater security than a Desktop wallet. Thеѕе wаllеtѕ are external devices like USB sticks which you can carry around. Another benefit of a Hardware wаllеt is that you can transact with complete anonymity. Hardware wаllеtѕ are resilient to malware and if you happen to lose the wallet, you will be able to recover the funds by employing a seed phrase. On the other hand, if you lose the seed phrase and wallet, thеrе is no other way to recover your assets.
Bасkuр:
Many providers will offer Backup features on their wаllеt which should be completed often. In саѕе оf a соmрutеr fаilurе, a hiѕtоrу of rеgulаr backups might bе thе simplest manner to rесоvеr thе сurrеnсу inside the digitаl wallet. Mаkе ѕurе tо bасkuр аll the wаllеt documents аnd then ѕtоrе bасkuрs on multiрlе secure lосаtiоnѕ like a USB or CD. On top of that, it is vital that you set a strong password on your backup.
For a great place to Buy Bitcoin Cash, Bitcoin and a long list of other cryptocurrencies, head over to the best Bitcoin broker, BC Bitcoin to start your cryptocurrency journey today. BC Bitcoin also offers a great crypto Coin Storage solution for customers, which is a safe and trusted way to store your coins.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards