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21 Nov

What is a Bitcoin Paper Wallet?

By BitcoinExplorer Bitcoin, Paper wallet Read Comments

Have you got any crypto currency? Well, if you have, then its safe to assume that you are constantly worried about its safety. If you aren’t, here is some information that will make you want to convert it back. Bitcoin is not like real money, which you can feel and hold. Real money can be locked safely somewhere while Bitcoin can be lost without a trace, because it is spent and received anonymously. Here’s the bombshell, once you lose Bitcoin, you can never get it back, unless you are or know an expert hacker. And also, almost 70% of the computer viruses are intent on sucking Bitcoin from your wallet. Then  there is also the possibility of  people stealing funds by stealing the PC in which you have stored your Bitcoin, if you have an offline wallet, in which case you can say farewell to your well earned money.
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16 Jul

A guide to identifying and avoiding Bitcoin scams

By Zachary Gruskin Bitcoin, Scams, Escrow, Paper wallet, Security Read Comments

Criminal activity has become a pandemic in the Bitcoin world. Ever since Bitcoin's explosive price rise criminals have been targeting Bitcoin users. Dozens of new Bitcoin related scams are reported each day, and often the criminals are never caught since it's possible to stay anonymous on the internet with the right expertise. There are a multitude of different Bitcoin scams, and it is important to understand them to keep your money safe. This article will discuss how to identify and avoid Bitcoin scams.

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09 Jul

The advantages of using Bitcoin over fiat money

By Zachary Gruskin Bitcoin, Fiat money, Paper wallet, Satoshi Nakamoto Read Comments

Bitcoin was created in 2008 by the mysterious Satoshi Nakamoto. It is uncertain whether Satoshi was an actual person or a pseudonym for a group of people, and the true identity of Satoshi is unknown to this day. Satoshi wrote a famous paper describing the Bitcoin protocol ( https://bitcoin.org/bitcoin.pdf ) and then released Bitcoin's source in January 2009. Bitcoin began with the genesis block which Satoshi mined himself. After that point Bitcoin began to slowly spread, and by October 2009 the first Bitcoin exchange opened. A Bitcoin exchange is a place where you can buy/sell Bitcoin with fiat. Initially you could buy over 1300 Bitcoins for $1. The price of Bitcoin steadily increased as its use became more widespread, and currently each Bitcoin is worth $620. A famous story from the early days of Bitcoin is that someone bought a $25 pizza for 10,000 Bitcoins. The Bitcoins used to buy that single pizza are worth over $6 million today. Many early adopters of Bitcoin became millionaires, which undoubtedly increased Bitcoin's popularity further.

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