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Education

Bitcoin Starter Guide: Storing and Securing Bitcoins

Bitcoin_Starter_Guide_Storing_and_Securing_Bitcoins

Before making purchases and payments in bitcoin, you must have a bitcoin wallet. Unlike a physical wallet, a bitcoin wallet virtually stores and secures your digital currency. The wallet holds the public and private keys associated with the bitcoins that you own and the addresses used for transactions.

Bitcoin Starter Guide: Storing and Securing Bitcoins explores the bitcoin wallet universe and helps you select and secure your wallet. 

Key topics discussed in this guide include:

  • Bitcoin wallet basics

  • Guidance on selecting and using a wallet

  • Bitcoin wallet security tips and best practices

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Bitcoin trading involves a high degree of risk. The bitcoin market is new and unproven and may not grow. Currently, there is relatively small use of bitcoin in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in bitcoin. In order to participate in the trading of bitcoin, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment. No material at this site should be considered as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin.