If you don’t know what bitcoin is then you’re living in an internet free bubble of sorts.
It’s a digital currency that has scarcity built in to simulate rare valuable assets like gold.
Central banks can’t just print more like they can with fiat paper currencies.
Most people want to know not only about bitcoin but about the best bitcoin wallet that they can use.
I only recommend the best stuff out there so if I am saying this is the wallet to use then you should at least check it out. If you sign up through these links I’m sharing, you’ll get $10 in free bitcoin deposited into your new account. How cool is that?
So Which is the Best Bitcoin Wallet?
It seems everyone has an opinion but for 90% of the people out there, the place I’m recommending here is the best option to get into bitcoin saving.
There are wallets that sit on your hard drive or phone, and those that are on the internet.
If you are storing it yourself your device had better be secure and also be backed up. (I’m serious)
If you are using an online source, make sure that security is paramount with them. You need the best bitcoin wallet and the best are secure.
Anyway, more and more providers in the internet marketing industry are moving away from payment providers like Paypal due to violations of trust and disruptions to business.
In many cases, you have to use a 2nd tier payment processor or… Bitcoin is the new standard and if you are using the best bitcoin wallet then your experience will be the best too.
Many of these online service providers are now accepting bitcoin, and bitcoin is even preferred for buying precious metals bullion online, often customers being granted the cash price (or closer to it) if they pay in bitcoin. Bitcoin is everywhere, even in the online income producing industry.
Another neat little site that lets you earn free fractional bitcoin for clicking ads has shown up, and you can transfer your earnings to your Coinbase wallet.
How darn cool is that??
I had to use my Coinbase best bitcoin wallet to purchase from an online ad service recently, and after the small hassle of confirming my debit card, I was able to convert some funds into bitcoin for the transaction. There are fees, as with any money service, but that would be the same whether bitcoin or some other payment processor.
The experience for me, overall, was painless, and Coinbase is a good service to use. I recommend it.
They use 2 step verification which makes it very secure, (nothing’s perfect) using a combination of login password and sms text to phone for the 2 step part. The key is keeping your phone secure.
Another feature is cold storage, which lets you take your assets offline into their secure storage area. If you have sizeable holdings then consider that. Of course you could have Coinbase for convenience and a hardware based wallet for holding your larger amounts.
I also recommend getting the best bitcoin wallet for you so that you can take advantage of the overall upward trend of Bitcoin valuation. If you park money away little by litte into your bitcoin account, you can see a rise or fall of that value as bitcoin currency fluctuates, but the overall trend has been up.
Remember to pay attention to gains and losses for tax time. If you are in the US, the IRS is tuned into bitcoin market gains, so don’t try to cheat the government.
To pay with bitcoin, you merely send the amount over to the receiving party by sending to their unique address, and after a little bit when the transfer is validated, the transaction is complete and voila.
Isn’t it great being so modern and with it?