Not To Do After Investing Bitcoin

Bitcoin is the dominant currency and is the lucrative investment option of our age. Due to this, the interest in the Bitcoin is constantly rising.

This is mainly due to the surge in the price of Bitcoin in no time. Investing in the Bitcoin can be a goldmine for the investors.

Things not to do After Investing in Bitcoin

It is advised to take precautions on the following things.

Keeping in Exchange Platform

It is not wise to keep a significant amount of Coin in the exchange platform. An individual account can be hacked with ease. There is an incident of a hack even from the major platform.

There are the occasions of hacking of the major exchange platform including Binance.

Even the platform with the double step authentication can be risky to keep Bitcoin.

Talking the Bitcoin Investment to Everyone

Talking about Bitcoin investment can create unwanted trouble. In case everyone knows the Bitcoin you own. This can increase the risk when the price of the Bitcoin surge.

As Bitcoin is not regulated and it is impossible to reverse the transaction.

Keep the Private Key Secrete

The paper wallet needs to be kept at a secure location. Loss of key can cause loss of the Bitcoin.

The private key is vital in accessing the wallet. It is essential to treat paper wallets like the gold to enhance the profit.

Close Friend

Do not talk about the Bitcoin investment to the close friend. Nowadays the divorce rate is constantly rising. This causes significant loss of the asset.

Monitoring Price

It is useless to monitor the price of Bitcoin daily and weekly. Bitcoin is in constant motion that can create stress.

Long-term holding is the best strategy to rip the benefits from the Bitcoin investment.

Summary

Bitcoin is one of the dominant cryptocurrencies of our age. This is due to the high price of Bitcoin. After investing in the Bitcoin certain precaution is required for making the investment fruitful.

What is Bitcoin OTC Brokers?

OTC is the abbreviation of over the counter. This is the off-exchange trading. This is the exchange with takes place within two parties.

This is suitable for dealing with the large volume of Bitcoin. The counterparty for the desired party is accessed. 

There are a various currency exchange platforms like the Coincheck, which have launched the over the counter services.

Wishful choosing OTC brokers can be lucrative. But due to the opaque nature of the OTC business, there is always the risk of getting dupe. These necessitate adequate research before investing in the over the counter brokers.

Some of the Reliable OTC Brokerage

Some of the Best OTC brokerage at the time of Writing is

SFOX

This brokerage provides a large volume of trading at a fast, secure and competitive price. Its headquarter is located in the United States, San Francisco.

Genesis Trading

Genesis trading headquarter is situated in New York, NY, USA. It has a high trading volume, good support, same-day settlement, regulated by concern regulation.

Smart Contract

This OTC brokerage headquarters is located in Tokyo Japan. It proves competitive Fees, great trading strategies and good asset management.

Octagon Strategy

This is the OTC brokerage with the headquarter in Hong Kong, China. This brokerage provides enhance security, low transaction fees, Instant price quotes, Private chat, same-day settlement followed by the private chat group.

Element Trading

This OTC brokerage is located in The Santa Monica, United State. It is the Algorithm based OTC trading. Further, its transparent nature combined with the research insight provides great benefits for traders.

Circle

The over the counter brokerage is located in Boston, USA. It also has worldwide offices, which are located in London, New York, Hong Kong, and Boston.

The trading volume is high and is backed by established investors.

Kenetic Capital

This OTC brokerage is located in Hong Kong, China. It offers quantitative and qualitative trade analysis, has experience in trading, good reputation.

Summery

Over the counter, (OTC) brokerage are suitable for trading a large volume of crypto coin. There are various platforms that offer services. Adequate analysis of the platform is vital to obtain success.

Biggest Bitcoin Hack Ever

Bitcoin is the cryptocurrency based on blockchain technology. It has the open ledger and Peer-to-Peer Network.

Although the blockchain technology is considered secure. There is an incident of hack that results in the loss of property.

Bitcoin Hack

The hacking happens mostly due to carelessly handling of the private key.

As there are various incident of Bitcoin hack that recommended precaution during its investment.

Depending on the size and type individual and group can be involved in Hacking.

Some of Major Hack

Some of the profound Bitcoin hacks are summarized below.

Binance

In July 2019 more than $40 million Bitcoin from the Binance was stolen. This the latest Bitcoin hack noticed.

Binance is the dominant cryptocurrency platform based on the Malta. It was established in the year 2017.

This is the latest Bitcoin hack from the major platform.

Mt. GOX

This is the platform, which was operating in 2010. It gets hack twice-in 2011 and 2014. In 2011, 2609 Bitcoin was hacked.

Whereas in 2014 Estimated 750 K BTCs have been lost. These cause the shut down of the platform due to bankruptcy.

This platform was based in Tokyo Japan.

This is the most prominent hacking in Bitcoin History.

BitFinex

This is considered as the second largest hack in history. An estimated 1,20,000 BTCs have been hacked from the system. Despite the massive attack this platform is still in function.

Bitstamp

In the year 2015, an estimated 19,000 BTC was stolen. Despite the massive hack is still in function to the date.

BitFloor

An amount estimated to be 24, 000 BTC has been hacked in September 2012. This Bitcoin exchange got close due to bank regulatory measures after hack.

Summery

Bitcoin being the prominent cryptocurrency is subjected to hacking from time to time. There is some incident that causes massive loss of the crypto coin in no time. This recommends precaution before investing a significant amount in the Cryptocurrency.

High Paying Free Bitcoin Faucet

Bitcoin Faucet is simply the reward system. The rewards are in the forms of Satoshi, which is a small volume of Bitcoin.

There are numbers of websites and mobile application, which has the Bitcoin Faucet System.

The rewards are given on the specific time interval upon completing captcha or task.  Various websites reward Bitcoin also for the Referral.

This business model is based on the revenue generated from the advertisement in the form of Bitcoin. Free Bitcoin seekers are the traffic source.

It is vital to unblock the ad blockers before using this website and Apps.

Bitcoin Faucet is not suitable for the one seriously wishing to earn the Bitcoin.

Free Bitcoin Faucet

Some of the noticed Bitcoin Faucet is

Moon Bitcoin

This is the great Bitcoin Faucet that rewards 10 Satoshis every five minutes.

Bitcoinker

This is the Bitcoin Faucet, which rewards Up to 100K Satoshis every five minutes. It has an attractive referral system.

Freebitco.in            

This website offers free Bitcoin on the basis of doing specific activities. Further, the referral commission and interest rate are appealing.

SatoshiLabs

This reward Satoshi every five minutes interval. Although the minimum threshold to withdraw satoshi is 5K.

Bonus Bitcoin        

This Bitcoin Faucet reward Bitcoin at every fifteen-minute interval. It's a great referral system.

DiceCoin

It uses the CAPTCHA System that generates a fraction of Bitcoin at around ten minutes interval.

Cointiply      

This Bitcoin Faucet reward Bitcoin every one hour. It rewards 200 Satoshis every time.  Activities include pay to click ads, Offer Walls, Watching videos and others.

BitFun          

This is the faucet, which rewards Bitcoin on the basis of playing games, Viewing offers and rolling dice.

Summery

Bitcoin Faucet is a great way to make money as its free business model. Anyone interested in getting a few Bitcoin can try the Bitcoin Faucet. The reward is based on completing various tasks like that of Pay to Click site.