Wallets

Protecting Your Cryptocurrency – What Is the Best Bitcoin Wallet for You?

There are many tutorials online that will take you through the process of securing your wallet, step-by-step – and many of them are quite useful in that regard. However, your fortune could be at risk if you try to follow one of these tutorials after something goes wrong. To avoid that potential risk, it is critical to understand what it is that you are securing and what types of security risks threaten that security. That understanding can provide you with the insight you need to make your own decisions about which precautions you should take and determine the best bitcoin wallet for you. Understanding why you are doing something also makes it much less likely that you’ll make mistakes or follow the wrong instructions.

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How To Deploy Your Own Cryptocurrency For Free

STEP 1) Sign Up For An Account At GitHub STEP 2) Find Repository Of Cryptocurrency You Wish To Fork For this example we will use Bitcoin Core STEP 3) Click Fork To Create Your Own Forked Version Of The Repository STEP 4) Edit Branding And Network Rules...

Calling Out Vaporware In Cryptocurrency and ICO’s

ICO’s are notorious for being an easy method to deploy scams, but with a little basic due diligence any investor can avoid these scams with confidence, and ensure that they are not enabling the wrong people. Some groups have raised billions of dollars with...

Step by Step Intructions on Importing Cryptocurrency to a Wallet Using Private Keys (with pictures)

*DNotes was used as an example, but this method is fairly universal for any cryptocurrency **Anyone with access to a private key can spend the associated funds. If you are importing a private key that someone else may have had access to, you should immediately move...

Online Security and Fraud Protection

Digital currencies, sometimes explained as "internet money", has brought an urgency for network security that few may be prepared for. Since everything done today that involves money, is at some point online and at risk, DNotesEDU has included a security...

The Hunt for Your Data

For many of us our job or business requires us to be online, whereas for others it is simply a social ‘fix’, but we all have one thing in common. Our personal and financial data is online and at risk if we don’t follow strict security practises. Even the...

Web Wallets

  • One of the easiest options for beginners because you don’t have to download or maintain a desktop wallet
  • Web Wallet: Stores your digital currency online, on a computer controlled by someone else and connected to the Internet. One advantage of web-based wallets is that you can access them from anywhere, regardless of which device you are using.
  • Because the wallet provider generally has access to your keys, you must ensure you are dealing with a trusted provider….

Blockchain.info

BitGo

Web Vault Wallets

  • Offers the ease of use of an web wallet, but has much stronger security in place.
  • All cryptocurrency deposits are stored offline

DNotes Vault

  • United States – 2014
  • Free, secure storage for DNotes holders
  • Cold storage vault
  • 24 hour withdrawal processing period to properly audit transactions and detect any suspicious account activity.
  • DNotes Vault offers the familiar custodial relationship investors are accustomed to by providing all our stakeholders with secure, guaranteed online storage for their DNotes. With its plans for future evolution into an exchange / bank, it will not only operate as a trusted facilitator of everyday transactions like automatic deposits and payroll deductions into our various CRISPs (Cryptocurrency Investment Savings Plans), it will be a financial cornerstone in global commerce and small business success.http://dnotesvault.com/

Xapo

  • Hong Kong, U.S., international – 2014
  • Insured against hacking and bankruptcy
  • “Building the Fort Knox of Bitcoin” -Wall Street Journal
  • “Our Vaults are located deep underground in geographically dispersed locations on three continents. Confidential information like private keys and cryptographic materials are physically stored on offline servers that never have and never will have access to the internet or any other kind of network. The servers are guarded by intense human and automated security measures 24/7.”
  • https://www.xapo.com/vault/

Coinbase

Paper Wallets

A paper wallet can be one of the most secure methods for storing cryptocurrency. It is essentially a piece of paper that contains a public/deposit address and two QR codes for a particular cryptocurrency. The first QR code is for the public/deposit address, and the second is the private key for withdrawals/spending. It is important that no one can see the private key, because it can be easily scanned by anyone wanting access to your coins. With a paper wallet, your private key is never online. Be sure to follow the tips pertaining to paper wallets in Wallet Security below.

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