1) How to find a user-friendly bitcoin wallet
If you’re a first-time user or just new to bitcoin and cryptocurrency, an easy-to-use wallet like Spectro Coin is a good option. It also includes all of these features, and it’s one of the most popular wallets in Europe. It can be hard to find an excellent bitcoin wallet with so many options available that suits your needs. That’s why we created Crypto radar – your guide to finding top crypto wallets on Android and iOS.
2) What should I do before starting
Downloading a user-friendly bitcoin wallet is your first step towards making BTC transactions. However, it doesn’t mean that there aren’t essential steps to take before even downloading a wallet since there are several things you need to do before starting. Here are ten tricks for a user-friendly bitcoin wallet.
3) Easy transfer
Making a transfer is easy as pie with a blockchain wallet, as you can use QR codes to make instant payments. The receive address in your bitcoin wallet is not like a bank account number—it’s simply a unique identification code. In other words, you won’t need to enter it every time you want to pay someone via cryptocurrency.
4) Confirm addresses
Before you send bitcoin to someone, make sure your transaction will go where you want it. Confirm that your recipient’s address is correct by checking that
1) it starts with a 1,
2) it contains only numbers and letters, and
3) there are no extra spaces or characters at the end. Some wallets let you confirm addresses easily, but others don’t, so you may have to do a little research on your own. Never click on links that take you to another site and ask for your private key; it will result in a loss of bitcoin.
5) Double check amounts sent
One of the best practices for keeping your money safe is double-checking that you’re sending amounts that match what you want to send. So, for example, if you’re sending $1,000 BTC to an address, first type in 15 and then hit send. The amount will appear on your screen. When it does, type in 1000 and hit send again. Type in USD 1000 again and hit send again.
6) Keep it clean
The biggest tip we can give you is to keep your bitcoin wallet clean. If you are storing a large number of bitcoins, then hackers will be drooling to get their hands on them why you must be very careful with your bitcoin wallet. Ideally, you should keep most of your bitcoins in cold storage.
7) Avoid phishing
Online thieves can trick even experienced users by creating phishing sites. That’s why it’s essential to take care of your data and use a user-friendly bitcoin wallet with good security features such as two-factor authentication and a cold storage option.
8) Beware of scams
The internet has become a hotbed for scams, especially involving bitcoin. The number of fraudulent sites and attempts to steal bitcoins from wallets is increasing, so be sure to read reviews before using any service. While many services require email verification for additional security, some – particularly new ones – ask for your password as well. don’t use that site or service!
9) Secure your wallet
Your wallet is your hub for managing all things bitcoin. So, naturally, you want to make sure it’s adequately secured at all times. The easiest way to do that is with a good password. Strong passwords contain a combination of letters, numbers, and symbols that are different from any word in a dictionary.
10) Backup! Backup! Backup!
Because bitcoins are digital, Scammers and Hackers may lull you into a false sense of security in assuming that they’re immune to physical theft. But bitcoins exist only on computers and can be entirely erased by a computer crash if your hard drive fails. If you want to back up your bitcoin wallet and make sure you can restore it in an emergency, consider using cloud storage or even printing out a hard copy.