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Simple Ways to Protect Your Digital Wealth

It is an online currency, it is prone to certain risks. In this article, we will discuss some simple ways to protect your digital wealth.

Published

11 months ago

September 4, 2020

TwinzTech

Cryptocurrency can be a great way to diversify your portfolio, and can undoubtedly be a great investment opportunity, even with its high volatility. However, as it is an online currency, it is prone to certain risks. In this article, we will discuss some simple ways to protect your digital wealth. Interested? Then let’s get started!

Table of Contents

1. Use a reputable digital wallet.

A digital wallet is one of the best ways to protect your cryptocurrency, as it keeps everything in one place, and you can’t access it without going through the proper procedure. However, there are fake digital wallets out there, so it’s essential to do your research beforehand. Only use a reputable website, and if something seems a bit suspicious, it’s better to stay away.

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2. Create a strong password and use 2FA

While you might be tempted to create a password that is easy to remember, this makes it is much easier for hackers to get into your files. For any critical accounts, you must create a secure password that is unique and different from all of your others.

As an extra step, using 2FA or two-factor authentications is also a good idea. It might include answering a security question or sending a code to your phone or tablet.

3. Protect your private key

Protech your private key is what is used to access your cryptocurrencies. This must be protected. If somebody knows it, they can access and take all of your funds. It can also be wise to learn how to instantly sell bitcoin, just if you are suspicious of your account’s activity. However, this isn’t always the best option, so make sure you keep in touch with your financial advisor.

4. Only use a secure network.

While you may be tempted to log into the airport or hotel Wi-Fi to check on your accounts, it may not be the best idea. Unsecure networks can be full of hackers, and there is little way to know they are there. When accessing your personal information, always ensure that you are on a secure and private network. It is a straightforward step that can make a big difference.

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5. Learn what scams to look out for

Lastly, another great way to protect your digital wealth is to know what scams to look out for. The internet is full of untrustworthy people looking to access your information, so you will be able to stop them by being vigilant. From fake websites, malware, and Ponzi schemes, there are many things to watch out for. Check out these common cryptocurrency scams so that you can know how to avoid them.

And that’s it! By following through with the above steps, you will secure your funds and keep them away from prying eyes. Remember never to discuss your investments with others and keep your passwords somewhere safe. This way, everything will be protected, and you can continue investing safely. Good luck!

Bitcoin

What Type of Services Can You Pay with Bitcoin?

Like how more product-based businesses accept bitcoin, users can now purchase various services with cryptocurrency.

Published

2 months ago

May 26, 2021

TwinzTech

Like how more product-based businesses accept bitcoin, users can now purchase various services with cryptocurrency. From escrow services to logo design, users can now buy many commonly requested services with bitcoin. Listed are some of the most common.

Table of Contents

1. Escrow services

CryptoExchange provides escrow services that can be used for bitcoin transactions and paid for with cryptocurrency. For example, users who want to buy a domain must go through a domain transfer process, including going through your current registrar and asking for confirmation before changing the title owner.

This multi-step process may make it difficult to purchase a domain online since the failure to complete some of these steps will result in an invalid transfer. Escrow services protect both parties by holding funds until the Buyer and Seller meet all the agreement terms.

2. Dental services

Bitcoin enthusiasts will be delighted to know they can now pay with digital currencies for a tooth cleaning, filling, or any other dental procedure. Among these service providers is Dr George Carr in Tempe, Arizona, who has begun to accept bitcoin, Litecoin, Dash and other cryptocurrencies. In Indiana, Caring Dentists is another practice that will accept digital currencies in exchange for their services.

Cryptocurrencies Bitcoin

3. Logo design and other freelance services

Fiverr has gained popularity as a marketplace for freelancers to offer services to customers worldwide. The platform has since become one of the lead disruptors for the Gig Economy and continues to disrupt the industry by accepting bitcoin in partnership with a cryptocurrency exchange. On this platform, users will be able to pay for services such as:

Logo designing
Customizing a WordPress website
Search Engine Optimization (SEO)
Whiteboard animation for explainer videos
Creation of short video ads
E-commerce product videos
Drone videography
Dropshipping
Translation
Proofreading and editing
Development of brand voice & tone

4. Digital marketing

BrainGuzzle is a Los Angeles-based digital marketing firm offering a complete catalogue of marketing services. Among the most common social media engagement, blog content and creation, pay-per-click ads, link building, website optimization, and Search Engine optimization. The agency has shared that they will accept bitcoin for any of these services.

A few states over in Maryland, H20 Social Digital Marketing, will also buy bitcoin for services including email marketing, organic social media engagement, pay per click (PPC), and reputation management.

5. Haircuts

In Santa Monica, the World Famous Venice Barber Shop and Shaving parlour offers men’s haircuts in exchange for bitcoin. In Florida, Men’s Groom Room Barber Lounge also accepts digital currency.

6. Massages & yoga

Divine Align Massage & Wellness in Santa Barbara offers various bodywork and therapeutic practices for sports performance and overall pain elimination. Buyers can now make payments with the cryptocurrency bitcoin. Alternatively, Libra’s Massage & Holistic, another massage clinic in California, will also accept BTC.

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7. Tax services

Are you looking for full-service offerings to complete their annual tax filing forms for the IRS and state tax agencies? Fast Tax Services in Los Angeles and Friendly Tax Services both offer their services in exchange for bitcoin.

8. Computer tech and repair services

AlphaTech Computer Repair has continued to provide information for internet users to stay safe on the internet. In exchange for their IT services, Buyers can use bitcoin to pay for:

The installation of computer parts
Spyware removal
Office networking
Documents recovery
OS Windows recovery
Virus removal
LAN networking
Multimedia interconnection

And just about any other computer-related service, you can think of!

9. Chiropractic

Those who need prenatal, family, pediatric, and chiropractic care can schedule an appointment with Acorn Chiropractic Clinic. All spinal adjustments can be paid for in digital currencies like bitcoin.

10. Consulting services

Capitol Hill Consulting Group is a firm dedicated to providing strategies and services in tax, trade, financial, health care, and aerospace. Users can now purchase these services in whole or in part with the digital currency bitcoin.

11. Liposuction

Body sculpting is a Manhattan-based plastic surgery practice that has recently begun accepting bitcoin for its procedures, including liposuction, eyelid surgery, facelifts, arm lifts, tummy tucks, cheek augmentation or even a Brazilian butt lift.

The demand for plastic surgery continues to increase, resulting in the same increase in anonymity. Plastic surgery services must respect the privacy of their patients and continue to protect it however possible.

12. A growing list of services

The list of services in the United States and the rest of the world that will accept bitcoin is expanding. Therefore, users may have many more options to spend their hard-earned cryptocurrency than just the list provided.