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Gambling 31 May 2017

How to Choose a Bitcoin Wallet to Suit Your Earning Style

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Home Gambling How to Choose a Bitcoin Wallet to Suit Your Earning Style
If you’re thinking about racking up earnings through cryptocurrency betting, you may have also thought to yourself, “What’s the best and safest way to keep track of my cryptocurrency? Can I readily and conveniently access my funds? How hard is it to use?”

Whichever network you’re a fan of--whether it be Bitcoin, Litecoin, Monero, Ethereum, or one of the several other cryptocurrency networks that work on FortuneJack--understanding which currency is relevant to you is the very first step when choosing a wallet.

But, first, let’s look at the term “wallet.”

If it’s digital currency we’re talking about, what does “wallet” even mean in this context?

A cryptocurrency wallet is a way to access your funds, and not actually a method of storage as the name would suggest. Cryptocurrency itself is actually “stored” on the blockchain in the shared ledger that tracks transactions--the same shared ledger that provides currencies like bitcoin and ether their security and reliability.

Choose a wallet based on currency, security, and convenience.

Many wallets only support one currency or another. For example, one of the most popular cryptocurrencies in the world today is bitcoin, and investors and bettors alike have amassed fortunes thanks to this digital coin. The value of a single bitcoin has soared to more than $2500 at the time of this writing.

With that in mind, if you have your eyes set on bitcoin gambling, you need a bitcoin wallet in order to access and transact with your payouts.

Of course, as riches accrue, you’ll want to be confident that your winnings are protected and that the technology behind your wallet of choice is safe and secure.

Different wallets offer varying degrees of security, each with a convenience tradeoff. A “hardware wallet” is a type of wallet that exists completely offline. Hardware wallets are usually used for large sums of bitcoin and other cryptocurrencies that do not need to be accessed regularly. You can think of this sort of like a safety deposit box--while it is highly secure, it is not always the most convenient option.

Other wallets can offer significant customization but have high learning curves, because they function via complex lines of code.

One of the most popular bitcoin wallet options is the online wallet which offers the best of both worlds.

The Instant, Ultra-Secure BitGo Wallet Solution

We here at FortuneJack have teamed up with a leader in bitcoin wallets, BitGo.

BitGo offers all of the convenience of a web wallet while also providing advanced security, 24/7 monitoring, multi-signature technology, privacy protection, two-factor authentication, and more. This is why we trust BitGo to be transparent, innovative, and secure with our community--the same principles we uphold for ourselves at FortuneJack.

Plus, when you use BitGo during your stay with FortuneJack, you get to experience BitGo Instant.

While many wallets require extensive time to complete and verify transactions, bitcoin earnings through BitGo are immediately available. That means more playing, more winning, and more reward.

Are you ready to make a fortune? FortuneJack is a modern thrill for the educated, adventurous bitcoin gambler. Join us.

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