What is a bitcoin wallet? A bitcoin wallet is a tool through which you can access your bitcoin and other cryptocurrencies. It doesn’t “store” your bitcoin; your bitcoin is stored on something called the blockchain — more on that later. Your bitcoin is encrypted and is accessed by authorizing transactions with your private, password-like “key.” If you’re big on cybersecurity, you may prefer a cold wallet over a hot wallet. Unlike hot wallets, cold wallets aren’t connected to the internet, so hackers and bad actors can’t access them as easily. However, their lack of internet connection may mak ..read more

Cryptocurrency is stored in a digital wallet, a secure environment that stores the private keys you need to get to your bitcoin and other crypto. This digital wallet facilitates your activity on the blockchain, which is how most crypto transactions are recorded.  There are two types of digital wallets to choose from, each of which has important advantages and drawbacks you need to consider when buying bitcoin and other crypto. What are hot wallets and cold wallets, and what are the major differences between these digital wallets? Read on to find out. What is a hot wallet? A hot wallet ..read more

Bitcoin network fees, or bitcoin mining fees, refer to a sum that is charged to complete a bitcoin transaction. These bitcoin fees are tacked onto the amount that the sender inputs and added to the total transaction amount.  Like the bitcoin network itself, bitcoin fees are dynamic. When the bitcoin network gets busy, or when there are more transactions happening, the bitcoin network fees increase. Generally, when the network is quieter, the fees decrease.  One thing to note is that rather than using a manual system to determine bitcoin fees, Coinme uses a set-price bitcoin network ..read more

Happy Cybersecurity Awareness Month! We thought this would be a great time to talk more about bitcoin security.  “Is bitcoin safe?” That’s one frequently asked question for people just getting into cryptocurrencies and digital assets. There are a lot of ways to answer that, but in terms of security, the answer is “bitcoin is as safe as you make it.” The reason? There is a stark gradient of bitcoin security —  from the very loosey, goosey security procedures to the strict, custom vault-level setups. Bitcoin is only as safe as you make it The spectrum of bitcoin security exists bec ..read more