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How safe are my cryptocurrencies when stored in my own custody?

Welcome to our knowledge center!

01

How safe are my cryptocurrencies when stored in my own custody?

Imagine not giving your smartphone to anyone because you manage it securely yourself, right? It works the same way with your crypto assets. If you use a hardware wallet and take the right security precautions, you can store your cryptocurrencies just as securely as your bank account. The only difference is that your "safe" in this case is mobile and offline. It doesn't get much more secure than that!

02

What distinguishes BIPECORE from other Bitcoin service providers?

At BIPECORE, we're not reckless traders promising "quick wins." We're not your bank, but rather cool crypto mentors who guide you through the world of crypto – without telling you you'll get rich overnight. Our focus is on personalized advice and building your own secure crypto strategy. Just like a trainer at the gym who doesn't just put you on the equipment, but shows you how to use it properly!

03

What do I need to get started with Bitcoin?

Imagine you want to learn a new language: You need a good book, a few podcasts, and some patience. It's similar with Bitcoin. You need a secure wallet (don't put it on the shelf like your favorite book, but keep it safe) and a platform where you can buy your first BTC. Don't worry, we'll explain every step! Because "if you don't ask questions, you stay ignorant"—but with us, you won't be left in the dark.

04

Do you also offer cryptocurrency payment solutions for businesses?

Yes, of course! At BIPECORE, we primarily specialize in serving private customers, but if businesses are interested, we also offer tailored cryptocurrency payment solutions. Whether you run a small business or a larger corporation, we'll help you integrate cryptocurrencies as a payment method securely and effectively. Don't worry, we'll guide you through the process, so you, as an entrepreneur, won't experience any crypto stress.

05

Can BIPECORE help me with tax-related questions concerning Bitcoin?

Absolutely, we don't just help you with the basics! BIPECORE also offers support with tax-related questions concerning Bitcoin. We can show you how to declare your crypto transactions for tax purposes so you don't run into trouble with the tax authorities. However, if you have more complex tax issues, such as the legal treatment of crypto gains or losses, we can either help you or connect you with our partner who specializes in crypto taxes.

06

Can BIPECORE help me with the safe purchase of hardware wallets?

Absolutely! We'll help you choose and set up a secure wallet. No need to navigate through all the different models and security options – we'll explain everything you need to know!

07

Does BIPECORE sell hardware wallets?

Yes, we offer carefully selected hardware wallets that you can buy directly from us. We believe that buying should be as easy as possible – without risk and without complications.

08

What do I need to consider when optimizing my portfolio with BIPECORE?

We identify opportunities based on our analyses, tailored to your long-term goals. While some people focus on short-term gains, we concentrate on long-term strategies that we share with you. It's similar to a long-term real estate investment plan.

09

How secure is my data when I work with BIPECORE?

Your security is important to us! We handle all your information with the utmost care and protect it using best practices in data privacy. No need to panic – there's no risk of hacking, no careless mistakes. Your data is just as safe with us as your Bitcoin is on a hardware wallet.

General knowledge about Bitcoin

Bitcoin is the world's first and best-known cryptocurrency. It is based on a revolutionary technology called blockchain, which makes it possible to process transactions securely and transparently without a central authority.

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What is Bitcoin?

Imagine having a digital trading card that you can exchange online with friends without a referee (like a bank) interfering. Bitcoin is a type of digital money that is sent directly from person to person over the internet, without the involvement of a bank or government.

How does Bitcoin work?

Imagine a giant public notebook where anyone can make entries, but no one can delete or change anything. This notebook is called the "blockchain." Every Bitcoin transaction is recorded there, ensuring transparency and security.

How do I get Bitcoins?

There are two main routes:

  • Buying: You can purchase Bitcoins on special online marketplaces, similar to how you would buy a rare collectible on an auction site.
  • Mining: Imagine solving complex puzzles and being rewarded with Bitcoins. This is called "mining." However, nowadays it requires specialized computers and a lot of energy – so it's not something for your home laptop.

What is a wallet?

A wallet is like your digital wallet. It stores the keys that give you access to your bitcoins. There are different types of wallets, from apps on your smartphone to special USB sticks for extra security.
For maximum security, it is recommended to use a hardware wallet. These physical devices store your private keys offline, thus protecting them from potential online threats.

In our shop we offer a selection of high-quality hardware wallets that will securely store your cryptocurrencies.

Shop Hardware Wallets

Is Bitcoin safe?

The technology behind Bitcoin is very secure, but just like with a real wallet, you need to make sure no one steals your "keys." Use strong passwords and keep your login details safe—preferably not written on a sticky note on your screen!

Can I pay for my coffee with Bitcoin?

In some cafes and shops this is actually possible, but it's not yet widespread. It's a bit like trying to pay with seashells – some people accept it, but most still prefer coins and bills.

Why does the value of Bitcoin fluctuate so much?

Imagine the value of your favorite collectible changes daily, depending on how many people want it. Bitcoin is similar: its price can fluctuate wildly because supply and demand are constantly changing.

What are altcoins?

Besides Bitcoin, there are many other cryptocurrencies, often referred to as "altcoins." These are, so to speak, Bitcoin's siblings, which try to forge their own paths and offer new features.

Is Bitcoin anonymous?

Bitcoin transactions are pseudonymous, meaning your identity isn't directly visible. But, like in a detective novel, clever people can sometimes figure out who's behind a transaction.

Should I invest in Bitcoin?

This is a personal decision. Keep in mind that the value of Bitcoin can fluctuate wildly – ​​it's a bit like a rollercoaster ride. Only invest money you can afford to lose, and do your research thoroughly before making any decisions.