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A few things you need to know about bitcoin

If you are just going to explore Bitcoin, there are several things you should know. Bitcoin allows you to exchange money in ways other than banks typically. Thus, you should take the time to learn before using Bitcoin transactions of any importance. Bitcoin must be treated the same as you treat your wallet, or even more careful in some cases.

Secure your wallet
Bitcoin allows you to do the transfer to anywhere in a very easy and allows you to control your money. If you know, Bitcoin provides a very high level of security if used correctly. Always remember that it is your responsibility to do the steps good safeguards in order to protect your money. Read more about securing your wallet.

Bitcoin volatile prices
The price of the Bitcoin can be up or down unexpectedly during a short period due to the economy of the young, new, and sometimes the market is not liquid. As a consequence, you are currently not recommended for saving in the bitcoin. Bitcoin should be viewed as assets that are at high risk, and you should not keep too much money at risk of missing with Bitcoin. If you receive a payment with Bitcoin, many service providers that allow you to switch instantly to your local currency.

Bitcoin payments cannot be cancelled
Every transaction you do with Bitcoin can not be cancelled, the funds can only be returned by recipients of those funds. That means you should be careful to do business only with persons or organizations that You know and trust, or those who already have a good reputation. On the other hand, business owners need to control the payment request is shown to the customer. Bitcoin can detect typos and usually does not allow you to send money to the wrong address by accident. Additional services can be made at a later date to give you more options and safeguards for consumers.

Bitcoin is not anonymous
It takes some effort to protect your privacy with Bitcoin. Bitcoin transactions are stored in General and permanent on the network, which means that anyone can view your balance and transactions of the Bitcoin address anyone. However, the identity of the owner of the fixed address kept confidential, then notified when done purchasing or other situation. This is one reason why Bitcoin address should only be used once. It is your responsibility to perform actions safeguarding your privacy. Read more about safeguarding your privacy.

Less secure instant transactions
If you know, Bitcoin transactions are usually carried out in a few seconds and will start the next confirmed in 10 minutes. During that time, a transaction that is considered authentic remains undone. Users who can honestly not trying to cheat. If you can not wait until it is confirmed, you can increase security by asking for a small transaction fee or transaction detection system that is not secure. For such a large amount of 1000 u.s. dollars, we recommend that you wait until confirmation of 6 or more.

Bitcoin still are trials
Bitcoin is testing a new currency that is still in active development. Although over time and increasing use of the Bitcoin is becoming increasingly mature, keep in mind that Bitcoin is a new invention that explore ideas that haven't been done before. Thus, the future of the Bitcoin can not be predicted by anyone.

Government taxes and regulations.

Bitcoin is not the official currency. That is, most countries still require you to pay the income tax, sales tax, payroll, and capital gains over anything that has value including bitcoin. It is your responsibility to ensure that you comply with tax and other legalrules or policies issued by your Government and/or policy makers in your area.
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