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As we have previously mentioned, security is a crucial element for us. Thus, it plays an important role in our entire system. How do we perform this security? We incorporate SSL encryption into the design of our software. We ensure complete and utter security by linking this encryption to every page that can be found on our platform. Due to the inclusion of this encryption on every page available on the Bitcoin Digital website, we ensure that none of your transactions and interactions made on our platform are susceptible to being placed under attack from malicious entities.
Included in this process, we also refrain from using insecure methods to store your information. Not to mention, we also ask for a very small amount of information from you to ensure you gain privacy when trading.
Finally, we have also incorporated AES encryption standards into the design of our platform. Incorporating and complying with these AES encryption standards allows all of your data to be effectively encrypted. Thus, these encryptions make it impossible for a malicious entity to gain access to your data in the unlikely event of an attack occurring.
It's clear that, like any other cryptocurrency market, the Bitcoin trading market is incredibly volatile. This is evident, as the mere feature of the market being exceptionally volatile creates the ability for the market also to be incredibly lucrative.
However, due to the volatile nature of the Bitcoin, assets, and crypto trading market, we are unable to guarantee that you hold the ability to make a return on your investment on each and every one of the trades you commence while using our software. Unfortunately, this is the case for all trading software, as no software is equipped to control the entire Bitcoin, assets, and crypto trading world.
To combat this volatile element in the Bitcoin, assets, and crypto trading market, we provide a team of experts who are in possession of a significant amount of knowledge and experience. These experts are employed by Bitcoin Digital to provide our members with insights pertaining to the conditions of the market. This data is incorporated into the design of our platform to offer a reliable source of information in regards to the market that you're trading in. In this way, we are able to offer reliability in a market that's unreliable.
Our objective of creating Bitcoin Digital was not to establish another ordinary trading software. We understand that the market is saturated with mediocre trading software. Our entire purpose for establishing our platform was to spark change in the Bitcoin, assets, and crypto trading software community. We wanted to go against the norms, and we did this by offering a trading software that can be used by anyone. The normal elements that stop many individuals from diving into the world of Bitcoin trading and becoming a Bitcoin investor include not having any Bitcoin, assets, and crypto trading experience, and not having the means to conventionally invest in a trading activity.
Thus, our technology is designed to go against these elements and allow everyone to join the Bitcoin Digital community. This is what makes our technology dynamic and stand out from the rest.
Nonetheless, we have combated this by integrating the concept of innovation into our platform. You need a dynamic, fast responding, and well-designed trading software platform.
We understand these needs. We pride ourselves on providing a high-quality trading platform that holds the potential for members to trade efficiently. There are endless testimonies of people who have joined the world of Bitcoin trading and reaped incredible success.
Much like the nature of Bitcoin, assets, and crypto trading, we have engineered our platform to offer our members trading software for Bitcoin trading with limitless possibilities. We have established the Bitcoin Digital platform with security, confidentiality, and flexibility as the foundation of our complete system. These primary elements also align with the principles that are set by Bitcoin itself. Why do we incorporate these qualities into our system?
We do this to offer you the ability to focus on being able to select the correct parameters that align with the exact goals you wish to achieve. We want to give you this peace of mind while conducting trades with our Bitcoin Digital software.
For example, you can create a standard wallet, one with two-factor authentication, or a multi-signature wallet. You can also elongate your seed phrase with custom words. Electrum is perfect for the more advanced Bitcoin holder who wants great security features and customizability all in a simple layout.
Mycelium is an open-source and mobile-only Bitcoin wallet. Mycelium currently only supports Bitcoin. Mycelium, like Electrum, is one of the earlier wallets in the space. The Ledger Nano X is the second generation hardware wallet from Ledger, a French company that has been involved in the cryptocurrency space for several years.
This means that you can connect the wallet to your iOS or Android device and do not need a computer. It supports well over 1, cryptocurrencies.
This list continues to grow each year as the community asks for support for their favorite cryptos. While the device itself is a cold storage hardware wallet, the Ledger team has created the Ledger Live software that provides a user interface for all your holdings. This gives users the ability to add new wallets for different cryptocurrencies to their devices and manage their portfolios. Ledger hardware wallets have been, and currently are, the most popular in the industry.
The Ledger also comes with a USB Type-C cable so that it can be connected to either a desktop computer or a smartphone if preferred over Bluetooth.
Some in the crypto community believe Bluetooth integration to be another potential vector of attack, though USB is still an option. Trezor, like Ledger, is a name synonymous with crypto cold wallet storage.
Its Model T is the second generation of hardware wallets they have created. The Trezor Model T is very much like the Ledger, but it gives the user the ability to access third-party exchanges, like Changelly and Shapeshift, directly in its website interface.
The Model T utilizes a touch screen, which can be easier to use for beginners than the buttons the previous model used. Currently, the Trezor Model T supports nearly 1, different cryptocurrencies. That said, Ledger users can simply avoid using Bluetooth if they so choose.
The Ledger Nano S is the first generation of hardware wallets introduced by Ledger. It is also one of the first hardware wallets ever made. It followed shortly after the first generation of the Trezor. Like its successor, the Nano S is compatible with thousands of cryptocurrencies. The Nano S does not come with a USB type-C cable, so users with more modern smartphones may have trouble connecting to their devices. The Nano S is essentially the same as its successor, the Nano X, in that it supports the same list of cryptos and has access to the Ledger Live software.
The features it lacks are Bluetooth connectivity and how many wallets you can have simultaneously active on your device. With Nano X, a user can store up to wallets simultaneously.
With the Nano S, you can only store up to One of the primary benefits of blockchain technology can also be a downside for whale investors. Blockchain ledgers reveal all transactions to those who take the time to explore them. While the identity of participants in bitcoin transactions remains cryptographically encoded and unavailable to these watchful onlookers, the activity in particular wallets is easily available.
This means that an investor wishing to move any quantity of bitcoin, large or small, cannot do so in private. Scrutiny in and of itself is not necessarily a bad thing, but in the digital currency world, where privacy and anonymity reign supreme, it is seldom something that investors are looking for.
Besides that, drawing attention to a wallet of this size means that innocent bystanders, as well as potential criminals, will become aware of its existence. With crypto hacks still a major problem for digital currency exchanges and individual investors alike, all it would take would be a single successful hack of the wallet for the owner to lose a massive fortune instantly. Even if hacking is not a concern, there are other ways that the owner of a bitcoin wallet can lose access to their funds.
Having the code means unlimited access to the contents of the wallet, so investors tend to guard their codes carefully. However, if they are too cautious—to the point of losing or forgetting the code themselves—they have little or no recourse for retrieving their tokens. For all of these reasons, it makes sense for an investor to split up a sizable quantity of crypto tokens into multiple wallets.
This can aid in risk management if you lose one private key, you still have access to all of your other wallets, say , and it can also enhance privacy.
Smaller transactions are less likely to draw attention than their larger counterparts. There is one final issue with storing a massive quantity of coins in a single wallet. Because of the transparency of blockchain, investors can see when a large quantity of coins is sent to an exchange wallet.
An action of this kind can be enough to spark panic among investors who suddenly fear a major dumping of coins.