FREE Guide to Being Your Own Bank

If you hold any bitcoin – or are considering buying some – the guide you’ll read in a moment is the most important thing you could do to keep your bits safe.
The irony of bitcoin, a form of decentralized money, is that most people choose to keep their bitcoins in centralized exchanges.
Not only are these exchanges vulnerable of being brought down by hackers, they’re also inching closer and closer to being spied on and potentially even controlled by outside authorities.
Coinbase, for example, the most popular exchange, is now being told they have to report the identities of their customers to the IRS.
Which is why, if you’re holding, it’s time to take control.
The biggest benefit of digital money like bitcoin is that it’s not controlled by any central authority. Meaning, you have the option to be your own bank.
In the past, astute LFT readers will recall, I’ve recommended the Trezor device – a so-called ‘cold wallet’ (meaning offline) – to hold your bitcoins.

This post was published at Laissez Faire on Dec 3, 2016.