Q. “I've just started trading Bitcoin and I have two questions regarding the online wallet where I store my coins.
First - Can you please tell me what the difference between a private and a public key is.
Second - Can I get my key back if I lose it or misplace a key?”
A. Whether you’d like to deposit, withdraw money and then exchange Bitcoins, the process all ... ››› more
It's interesting to see how interest in Bitcoin has increased. Searches on Google for the “Bitcoin price” have increased sharply since 2016.
Below is a chart of the Bitcoin price in US Dollars and the volume of searches in Google.
Source: Prodigy Asset Management, Google Trends and Coin Desk
As you will see, the higher the volume of ... ››› more
Go back just 18-months and the number of people who knew about Bitcoin was small. Fast forward to the present, and the vast majority of people know about this digital currency.
Bitcoin is gaining traction. The amount of investment money going into it and the projects surrounding it are growing at breakneck speed.
But if you want to put some rands into Bitcoin, where do you start? How do you ... ››› more
This week saw the arrival of the first Bitcoin wallet developed in South Africa.
The wallet's main focus is its ease of use whether you're new or experienced when it comes to Bitcoin. And it looks like it has hit the mark with its appealing interface.
Let's take a closer look at this latest Bitcoin development in South Africa…
A proudly South African Bitcoin wallet
BitX has just l... ››› more
Before you can even think about buying Bitcoins, you need to have somewhere to store them. For this you need a Bitcoin wallet.
There are four different types of Bitcoin wallet available. So what are the differences? And how safe are each of them?
Let's take a closer look…
Bitcoin wallet #1: Desktop wallets
Desktop wallets don’t depend on a third party service, so that can be adv... ››› more
Using digital currencies as a means of paying for things may have you terrified. But the good news is, you don't have to be.
Using digital currencies like Bitcoin is actually not as difficult as you might believe. And it's also a lot safer to use than you might think.
So if you're desperate to start using Bitcoin, how do you start?
Read on to find out…
The ins and outs of getting ... ››› more
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