After it was launched in 2009, Bitcoin has more and more users. There are many people who need it to make transactions. So, if you are also interested in it, you can also consider getting this digital currency. Even though it is easy to use, there are still many questions about it. One of the most common questions is how to save it. Saving this digital currency should be done with some tips so that your wallets will be safe.

Save the Address and PIN

The first thing that you should do to save Bitcoin is to register it. You can register on the wallet address sites. There are many sites that provide wallet adders so that you can decide it based on your desire. After you are registered, you have to make sure that you save your Bitcoin identity including the address or wallet as well as the PIN or password. You need to use it when you log in on the site.

Fulfill the Account with Your True Information

When you register your wallet or address, you have to make sure that you use your own information. You have to check and check again so that the information you give is really true. So, if you have a problem with your account, it will be ease for you to verify your account. That is the importance of giving the true information in registering Bitcoin.

Backup the Important Information

Besides that, you also need to back up the information that is important. You should cloud backup to your email account or any drop box that you think it is safe, then save the file to your hard drive. After that, activate 2 factors of authentication with your active mobile phone number. It will be very useful to keep your Bitcoin safely.

Install Block Chain App on Your Own Smartphone

This digital currency network can be operated not only from computer but also from tablet or Smartphone. So, in relation to Bitcoin saving, it will be a good idea for you to download and also install the block chain application on your own tablet or Smartphone. Then, you should pair it with your account in the block chain website. So, you can use it anytime and anywhere. Even more, if one of them is lost, you have still many choices to open the application. That is all the tips how to save Bitcoin safely.

Description: Bitcoin can be saved safely with some tips including saving the address & PIN, fulfill the true information, backup, and install block chain app on your own Smartphone.

Traders need to make transactions in often from one country to another. They want the easiness in making transactions. Fortunately, there is what is called Bitcoin. It can be a great idea for traders over the world. However, you have to be careful in using this digital currency network. If you want to be successful in trading through this digital currency, there are some tips that you need to consider.

Never Invest Higher than You May Lose

Every trading has its own risk including Bitcoin. By trading this digital currency, you have the chance to get great profits or have the risk of losses. Of course, you have to consider it properly. The common mistake is that people will invest as high as possible without ruling out the risk of losses. Of course it is a fatal mistake. So, you have to make sure that you do not ever invest in Bitcoin trading higher than you may lose.

Set the Trading Goal

In trading, setting the goal is the most important thing. You have to plan your goal as well as possible. There are many possible goals in trading Bitcoin. It relates to how to get benefits and profits from this digital currency. You have to determine the price so that you get the profits. Anyway, it becomes one of the most important tips in trading using Bitcoin.

Understand the Price Chart

The price of Bitcoin will always change every day. The changing may also has great gap. It does not matter because this is a challenge for traders. If you are a trader, you have to be able to read the chart of the price of this digital currency. If you understand the chart, you can decide when to buy BTC. So, you can get the profits as great as possible. It may sound complex and difficult but if you understand the chart, it feels easier.

Close Leveraged and Unprofitable Positions in 24 Hours

It is often to happen that when trading you are at an unprofitable position. You cannot keep this position too long. You have to close it as soon as possible because it will be useless or even cause losses. So, you have to make sure that you close the unprofitable position maximally in 24 hours. It will be better to reduce the risk of losses. Hopefully this will be a good reference for you who are interested in Bitcoin especially for trading.

Description: Bitcoin will be good for trading but you should consider 4 tips. They are not to invest higher that you may lose, to set the goal, to understand the price chart, and close unprofitable positions soon.

There are many people who are interested in Bitcoin. In fact, this digital currency network is not only very useful but also very easy to use. However, it does not mean that you do not need to understand the tips especially if you are still a beginner. For beginners, there are many tips that you need to pay attention and consider so that your wallet or address will be safe and you will get profits from this network.

Separate Your Bitcoin Wallets or Addresses

You may buy or mine more than one Bitcoin address. So, if it is possible you may have at least two or three addresses or wallets. It purposes to have separated wallets. For example, you have one address for spending money, one address for receiving money, and one address again for saving money. With separated wallets or addresses, it keeps and protects your balance. Therefore, it belongs to one of the best tips for you who are interested in Bitcoin.

Never Keep Savings in a Web Address or Wallet

One of the most common mistakes for beginners to use Bitcoin is that they keep their savings in the web address. Of course it is very risky because web can be hacked easily. So, if you lose your balance or savings, there is no one who is responsible to refund it. You cannot claim your losses because it is your own responsibility. So, you should only use Bitcoin web wallet for checking the current account.

Protect Your Bitcoin Privacy

To keep the secret and safety in transaction through this digital currency network, you have to make sure that you protect you’re the privacy as well as possible. It relates to the private wallet key. For example, you have three wallets or addresses, it will be better for you to create three different private address keys. So, your Bitcoin wallets are really safe and you can do any transaction safely.

Backup

The last tip that you cannot skip is to backup. As we know that your address or wallet is saved on your computer and anything unexpected may happen anytime. So, you have to make sure that you always backup your wallets. So, everything related to your transactions will be saved well. It is very important because there are many beginners who make this mistake. Hopefully this will be a good reference for you who are interested in Bitcoin.

Description: Bitcoin should be used with some tips especially for beginners. You should separate wallets, never keep savings on a web address, protect privacy, and backup.