Now that the potential of cryptocurrency is well understood by one and all, almost all industries are gearing up to accept BTC as a mode of payment. The travel industry is no exception and is probably one industry where the common man will be able to use the cryptos effectively and with ease.
While there is no denying the fact that cryptocurrency is here to stay the biggest concern for users is digital safety and security. Despite the decentralized nature of the virtual currency, there have been several cases of fraud. Hence, it is your responsibility to take care of your investment and your cryptos especially when you are traveling.
Tips to take stay safe when using BTC during traveling
- Invest in a hardware wallet: It is a specialized physical wallet for your virtual currency. You can store your private keys in this wallet which prevents their theft. There are several types and brands that you can choose from to suit your budget and taste. These wallets are safer than the software wallet online.
- Always opt for multi–sig wallets: You can never be too cautious and that is why when you choose a hardware wallet to go for the multi-signature wallet which means that you require two or more signatures to spend from your wallet. This is an additional layer of protection that you give yourself should you lose your device.
- Two-factor authentication: If you have been ignoring this advice on your social media and your email to register for two-factor authentication, there is no better time than now to activate it. In this tech-centric world, it is crucial that all your bank accounts, email, and other social media platforms have two-factor authentication which is an additional security layer in the form of information that only you possess and no identity thieve can ever hope to have.
- Community support: There is a certain kinship in the bitcoin community that the users are proud of and fall back for support when they are globetrotting. Connect with other crypto users to find out about peer-to-peer exchanges in your area and other bitcoin-friendly location in your destination. In a foreign land, they can be your lifeline. You can also pick up some tips on keeping your cryptos safe.
So, those of you who wish to embark on this cash free hassle-free form of traveling get your own cryptos from any of the automated trading software like Bitcoin Loophole and begin your journey. This trading software is not a scam as believed by many but a legitimate site for those seeking a foothold in the crypto world.