Tag: private keys

Jul 29 2021

Six Reasons To Withdraw Your Bitcoin From Exchanges

Here’s why you need to hold the keys to your own bitcoin and never store large amounts on exchanges.#1 – If your coins are on an exchange, you need permission from the exchange to spend them. In your own custody, you can do whatever you want and pay whomever you want, whenever you want, at the fee you want.You will understand...

Jul 28 2021

Your Financial Data Is Not Private, Bitcoin Can Fix That

By practicing these tips, HODLers can ensure privacy in a financial data hungry world.On April 4, 1933, probably only a handful of Americans were prudent enough to hold gold coins in their homes. There seemed to be nothing wrong with keeping the gold safe in the banks, after all. All of this changed a day later when President Roosevelt announced...

Jul 21 2021

Protecting Your HODL Legacy: Shamir Backups And Inheritance Planning

Awareness of one's own mortality is a sign of maturity, as is the recognition of the critical importance of securing one’s bitcoin.At the height of the 2017 bull run, I came across a sobering post. It went something like this: there was a young man who acquired about 20 bitcoin early on. As the price went from $1,000 to almost $20,000 over...

May 03 2021

Capitulating To Customer Demand, Revolut Will Allow Bitcoin Withdrawals

May 03 2021 Published at Bitcoin Magazine under tags  business private keys revolut

Financial services platform Revolut will allow users to withdraw bitcoin to their own wallets, something firms like PayPal should consider.Revolut, one of the world’s largest mobile financial services platforms, historically has allowed users to purchase bitcoin on the platform, but not transfer it to wallets that they control. However, per a leaked blog post found by...

Feb 16 2021

Education Is The Best Bitcoin Investment

The tech industry abounds with buzzwords and acronyms that seem, at times, designed to exclude the ordinary user. But “UX” isn’t one of these mere buzzwords. User experience is one of the rare bits of tech shorthand that actually mean something to our customers and clients because everybody knows what bad UX looks like. But sometimes, great UX isn’t all that it seems,...

Education Is The Best Bitcoin Investment

Feb 16 2021 Published at Bitcoin Magazine under tags  casa culture custody private keys ux

Bitcoin service providers must integrate security best practices directly into their user experiences if they are to deliver the revolution.The tech industry abounds with buzzwords and acronyms that...

Jan 04 2021

Proof Of Keys: A Critical Test For Bitcoin

Proof of Keys day was initially created as a test for exchanges and other third-party custodians — a way for individuals to ensure that third parties holding bitcoin weren’t operating as a fractional reserve. Let’s face it: It’s likely that many third-party bitcoin custodians are doing just that, and Proof of Keys day is unlikely to change anything. It’s time for this Bitcoin...

Nov 09 2020

Don’t Fall For The Biggest Mistake In Bitcoin

Bitcoin is highly technically-secure as a protocol, meaning that there is only one reason why you’d ever lose your coins: human error. As with many things, people are the biggest security vulnerability in Bitcoin and, as we know, humans are far harder to fix than code. Two stories from last month showed how far we are from solving Bitcoin’s security challenge. At the...

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