It is no secret that the crypto sector has become very popular for investments and as a means of exchange, over the last few years. The industry was launched just a decade ago. Today, it has a market cap of over $272 billion and growing, with Bitcoin leading the way. At the beginning of the Coronavirus pandemic, many industries took a huge hit including crypto. But within a few weeks, the industry bounced back even better than it was.
With Bitcoin being the most dominant asset, its increasing value raises storage concerns. This is why all Bitcoin holders need a secure wallet for storage. There are two ways to store Bitcoin; using a digital wallet or a hardware wallet.
Bitamp is the best opensource Bitcoin wallet in the market that provides both options. Some of its remarkable features include the following:
Crypto is not resistant to cyber-attacks. In 2018, cybersecurity company Carbon Black revealed that over $1.1 billion was stolen in crypto. More recently, a Twitter hack targeting high-profile celebrities and major companies scammed Twitter users of their precious Bitcoins. Bitamp provides a sophisticated multi-layer security to prevent various forms of attacks. With Bitcoin expected to reach over $20,000 in months, now is the time to use a highly secure wallet such as Bitamp.
Bitamp not only stores Bitcoins but also connects users to the blockchain network for exchange. Users can buy, send, and receive Bitcoins from anywhere in the world. The Bitamp application is accessible worldwide, reducing the risk of having to transfer your assets to a less secure platform while travelling.
Privacy is one of the main attractions of Bitcoin and crypto in general. Although all transactions are made public, they are also made anonymously. Bitamp takes that to a whole new level for added privacy. It does not store IP addresses, private keys, or any other personal information that could be used to trace back to you.
Bitamp can serve as a one-stop-shop for all your Bitcoin needs. Some of its other resources include the following.
Bitamp allows users to buy and sell Bitcoin directly from the blockchain, eliminating any intermediaries. With Bitamp, a user has more control and can carry out transactions instantly, including buying items from local stores that accept crypto.
The only way to own Bitcoin is by either buying it or mining it. Earlier this year, the reward for mining a block of Bitcoin was 12.5BTC (about $80,000). The reward was halved in May. You can mine Bitcoin by joining Bitamp’s mining pool. Sharing computing resources increases the success rate of Bitcoin mining.
A block explorer is like a blockchain search engine. It allows users to see details about past transactions and mined blocks. It is an essential tool for crypto enthusiasts looking to learn more about crypto.
A hardware wallet is like a portable USB device. Some crypto traders use it as a backup storage device. Unlike digital wallets, hardware wallets cannot be hacked since they are offline. You can have both a digital wallet and a hardware wallet as a backup.
Bitamp is the perfect solution for anyone looking to go into crypto. It provides security and valuable resources needed to grow your crypto portfolio.
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