No matter how secure your bitcoin or cryptocurrencies are, even if you own a reputable hardware wallet and have your recovery seed stored safely in a locked safe, these safety precautions can be rendered useless by the 5 dollar wrench attack. But, what is it and how do I protect myself from it? What is…
When investing in bitcoin or cryptocurrencies in general, wallet security should always be a number one priority to prevent unnecessary losses. No matter how knowledgeable you are with bitcoin or how good you are at picking coins and tokens to speculate with, none of these things really matter if your funds aren’t secure to start…
Scams in general, have been around ever since humanity existed; and around a decade ago, it looks like scammers found another industry to make money off — the cryptocurrency space. While bitcoin and cryptocurrencies sure have their advantages — unfortunately, just like with any other technology, there will always be some downsides. The cryptocurrency space…
Initial Coin Offerings or ICOs is quite similar to crowdfunding whereas the company/team accepts BTC/ETH from the people in exchange for a certain amount of their coins/tokens, depending on how much you sent them. ICOs aren’t really scams as some are definitely legitimate, but a good percentage of ICOs are indeed scams. The thing is, some well-made ICO scams are quite hard to detect as a…
Choosing a nice and secure wallet is a big factor if you’re trying to invest in bitcoin or cryptocurrencies in general. New people in general usually simply just open up the Google PlayStore or the Apple AppStore and do a search for “bitcoin wallet” and choose probably the first app that comes out on the list. Unfortunately, not every…
If you’ve been in the cryptocurrency space for some time already and if you’re active on bitcoin or crypto-related communities, posts about people complaining about their cryptocurrency investments getting lost or stolen shouldn’t really be new to you. While securing your funds and backing up your private keys properly is a vital part of investing…