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Showing posts from December, 2019

Can you track Bitcoin transactions?

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Bitcoin is a modern type of currency that is completely virtual. Basically, a bitcoin is described as a virtual currency, a cryptocurrency or a digital currency that is used to buy products and services. They are based on blockchain technology that is very much valuable because people are willing to exchange them for real goods and services. But in some countries, bitcoin has been banned. However, there are various bitcoin tools ,  which are used by people for various purposes. Some of the tools are given below: BitcoinVisuals CryptoMiso BitMex There are three ways with which you can get bitcoin. These are given below: You can get bitcoin by selling things. It can be created with the help of a computer by programming. With the help of real money, you can buy bitcoins. Yes, the transaction of your bitcoin can be tracked but only a bitcoin specialist can do the  tracing bitcoin because bitcoin transactions are pseudo-anonymous. There are numerous comp...

What are ways in which bitcoin money can be stolen?

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Bitcoin is a cryptocurrency that has been developed on the blockchain technology. It is a decentralized currency that can be sent from user to user on peer to peer bitcoin network without any central bank being involved. First of all, you should not lose a wallet of bitcoin because it is very precious that can also be secured by two-factor authentication. The bitcoin can be traced easily by the specialists or by bitcoin forensics . There can be different types of risk associated while tracing bitcoins . If you lost a bitcoin, then the stolen bitcoin will be permanently lost. There are numerous ways by which someone can steal your bitcoin money. Some of them are given below: The wallet provider : There are many people who provide a wallet and can make it easier to use your bitcoins. During the last few years, there have few wallets that just decide to transfer your funds to another account because they have your private key. Exchanges : Same as the wall...