Do You Need Help Buying, Selling, Storing, or Understanding How Crypto Works?
Are you in need of some Bitcoin consulting? Have you heard about cryptocurrencies but don’t know where to start? Are you a company looking for multi-signature storage solutions? Then you’ve come to the right place. I am a staff writer for an American cryptocurrency publication. On top of researching and writing about the latest developments in the cryptocurrency space, I also manage my own small cryptocurrency portfolio. This includes buying and selling on exchanges and managing my own keys with hardware and mobile wallet solutions.
Buying Your First Bitcoin
Do you need help understanding the price of Bitcoin in Dollars, Euros, Rands, or your local currency? There are a number of ways to purchase your first Bitcoin. Probably the safest way is through an exchange. I’ll help you through the process of registering & verifying your account, setting up safety measures to ensure nobody else can access it, and finally purchasing your first crypto. And no I don’t need your private account details! In fact, managing your online privacy is key to keeping your funds safe so we’ll deal with that too.
There are a number of ways to store your digital currency. The easiest way is with an app like Edge. Mobile wallets are the future and debit and credit cards will be outdated in a couple of years. Smartphones, however, are usually always connected to the internet and present a security risk. They are purely a digital solution. Hardware wallets, on the other hand, are offline solutions which only allow a user with physical access to the device to approve transactions.
The Ledger Nano S is currently one of the safest ways to secure your crypto. It’s not the most difficult device to operate but can be a pain if you’re not a technical person and need some assistance. Keeping your cryptocurrency on an exchange is not particularly safe. Exchanges frequently get hacked or turn out to be scams. It’s essential to own your own keys. The saying goes:
“If you don’t own the keys, you don’t own the crypto”.
The following link will take you to Ledger where you can purchase the highly recommended Nano S:
Multi-Signature Hardware Solutions
Custody solutions for cryptocurrency are still in the early stages of development. If you are an institution or wish to manage a joint custody solution for holding crypto you will need to implement multi-signature solutions based on your needs. For example, you may require two out of three signatures (better known as private keys) from top-level management before funds can be transferred from an offline cryptocurrency wallet. This process can be accomplished remotely and doesn’t require everyone to be in the same location. With the rise of distributed teams, this will be an important way of managing company resources.
As mentioned above, hardware solutions are currently the safest way to secure funds. I use the Ledger Nano S in conjunction with a process to help you set up a wallet which requires several co-signers to approve any transaction.