March 21, 2019, 08:53:32 pm

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Messages - BestChange

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Today we have decided to have a small crash course for those who are new at the market of cryptocurrencies. And we’re going to start from the very basics.

The most important point that one has to understand, is that to keep cryptocurrency you have to have a wallet’s address and there are three ways how you can create one:

1. Use online wallets
2. Download a program to your PC
3. Buy a hardware wallet

We will quickly go through pros and cons of each way. But let’s start by telling a few words about what a wallet for cryptocurrencies is using bitcoin as a sample.
Bitcoin, as any other cryptocurrency, is kept only in a form of a blockchain. Anybody can view a transaction in the net, check the balance of any wallet. This information
is open for everyone. But it is impossible to tell who the owner of the wallet is.

Bitcoin wallet has two parts:

• Open key. It is the address of the bitcoin wallet, it is not a secret. It has 32-34 symbols of Latin letters and numbers. All addresses always start with the number “1” or “3”.
• Private key (sometimes called as a secret key). It is a longer sequence of letters and numbers of the Latin alphabet. You mustn’t tell it to anyone, because it is an access to the wallet.

Transaction in bitcoin network means that cryptocoins go from one wallet’s address to another. The speed of transaction is equal to emerging of a new block in blockchain
(10 minutes on average).

Transaction is subject to a small fee. Depending on the network loading, its amount can change. The sender specifies its amount. By the way, commission does not depend
on the amount of transaction. You can transfer amount equaling to $10, $10000 or $1 billion and still pay the same commission.

1. Online wallets

There are lots of sites which offer services for creation and keeping online-wallets. They are called “cryptowallets”. The service takes on all the issues of keeping funds safe.
There are pros in that, since you don’t need to think about computer safety, plus reliability of the service is usually much better that that of a simple computer.
We would like to personally recommend the service blockchain.com

2. Program on your PC

You can download programs for bitcoin wallet on the official website bitcoin.org. Here you can choose from lots of wallets supported by community: Bitcoin Core, MultiBit,
Armory and Electrum. Also, you can learn the features of each of them. They slightly differ from each other. For example, Electrum does not keep all the history of transactions
(blockchain) on computer, but it refers to randomly selected network nodes. Bitcoin Core, on the opposite, keeps the full history on your PC and computer must always be online
for checking if the data is accurate. Today the blockchain size for bitcoin is about 200 Gigabytes. Many people recommend taking the security of a computer with bitcoin-wallet seriously.
This is because in case fraudsters steal the wallet file, all your funds there will disappear.  As nobody wants this to happen, you need to follow the basic rules of computer usage safety.

3. Hardware wallets

Hardware wallets are a device that keeps the private key. Their advantage is that it is switched off the Internet and there is no way anybody can hack this wallet.
If the device breaks or you lose access to it, you can restore it by entering 24 random words (so-called seed words).

And you can always find favorable rates for purchasing cryptocurrency on our site BestChange. com

We wish you reliable and profitable exchanges!

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Today we have gathered 5 unsophisticated pieces of advice which will help you manage your money more effectively and won’t need lots of effort, focus or time.

1. Set up specific goals

Financial experts insist that making a list of specific actions that you want to do can be very useful. Avoid blurry descriptions such as “save up more” to receive a more
exact plan how to “work” with money. Moreover, to not overload yourself and your budget, set only 3 goals you feel more certain that you can reach. For example,
“purchase of a laptop”, “purchase of a car”, “marketing courses”.

2. Make an emergency fund

No, it’s not about your saving ups, it is rather a fund for unexpected costs in case of emergency. Everybody can find themselves in trouble, that’s why it is better to be
prepared in advance. When force major strikes, you won’t need to “pinch” from your savings or lend money from all your friends. By the way, hide your emergency fund
as far as possible and don’t check it without the necessity.

3. Spend money only on things that help you grow

The only way to achieve this goal is to assess your current expenses. You cannot go forward not knowing what was your starting point, can you? So, learn your expense
items for the year and make a conclusion which habits or things you should exclude and on which you can spend more. Set it as your rule: only spend your money on things
that bring you visible and tangible benefit.

4. Set up a day without expenses

Financial advisers suggest setting up a day when you won’t have any expenses at all – and that is a very good decision which will make you more focused and attentive
to your own finances. This goal is specifically useful for the young people who often do not account for their money and recklessly spend it on entertainment and fun
with their friends. Who knows, maybe in future you will learn how to have even two days a week without expenses!

5. Repay your debts immediately

Make it as your goal to firstly repay all the debts: to people, banks or credit offices. Of course, you should try not to borrow money at all, but if you have done so, make it
your priority to repay debts and not spending on yourself. In other words, adopt the philosophy of quick repaying rather than yielding to your whims. It is not easy, but this
will make you a more organized and task-oriented person.

We hope that our advice will help you save up your money so you could grow it buying actives you are interested in with the help of our service.

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Dear forum users,

We want to introduce you BestChange monitor to choose the most profitable digital currency exchange service. It is very easy to use – just choose the currency pair you need.

There is no reason to visit exchangers’ websites by yourself because you may find all the rates on our page.

What do you get with us?

•   Real reviews about exchange services
•   Fast customer support and updated information
•   The most popular currency pairs to exchange
•   Actual reserves and commissions information
•   Automatic exchange rate search
•   Top of the most profitable rates

That’s not so hard to choose a good, secure and time-tested exchanger.
Follow BestChange website and choose the best option by choosing the currency you give and the currency you get. The system would show you the top list of exchangers automatically.

If you need to withdraw your money on card in time or to transfer your money to another currency account – remember BestChange.

Make your choice perfect with BestChange.



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