A Beginners Guide

to Bitcoin
How to safely buy, move and store bitcoin
Bitcoin Guide

Table of Contents

Welcome to Stansberry Churchouse ......................................................................................3

Our Objective ............................................................................................................................4
Introduction...............................................................................................................................5
A primer on bitcoin and cryptocurrencies .............................................................................6
Bitcoin is the on-ramp to buying cryptocurrencies .............................................................6
The bitcoin bubble is just beginning ......................................................................................7
The bitcoin price boom is fueling more cryptocurrency rallies..............................................7
Rampant speculation ...........................................................................................................7
Regulators at the gate .........................................................................................................8
Why everyone should buy a little bitcoin ...............................................................................9
Before you begin ................................................................................................................... 10
Flash warning ................................................................................................................................................................. 11
How to buy bitcoin................................................................................................................. 12
Beginners buying bitcoins should do these three things .............................................. 13
Start small ......................................................................................................................... 13
Write everything down ...................................................................................................... 14
Dont leave money at the exchange .................................................................................. 15
The Process ..................................................................................................................................................................... 16

stansberrychurchouse.com 2
Bitcoin Guide

Welcome to Stansberry Churchouse

Welcome to Stansberry Churchouse Research. Were taking the mystery out of finance and
investing so that you are empowered and informed to make your own investment decisions.

Our aim is to help people just like you who are tired of the market noise and who are ready
to build true wealth now. We can help you stay away from investments that will hurt you, and
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We live in a world with too much information and not enough solutions. And this problem is
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will line their pockets instead of yours.

We are independent analysts and writers who cut through the hype of the mainstream
financial media, and self-serving private bankers, to give you real insiders insight. We have
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We think that the best person to make decisions about your money is you... an informed and
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this Insider Report and our Asia Wealth Investment Daily.

The Asia Wealth Investment Daily is a free daily e-letter that opens the curtains on the most
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Once again, welcome. And thank you for joining us. We hope this is the start of a long
and profitable relationship.

Kim Iskyan
Publisher, Stansberry Churchouse Research

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Bitcoin Guide

Our Objective

Our objective in this report is simple: to educate you on how to buy, transfer and store
bitcoin in a safe and secure manner.

Thats it.

It might sound simple, but its not. And thats a huge advantage for you right now. You see,
we live in a world where everyone wants maximum return with no effort.

Well, buying, moving and holding bitcoin correctly means spending a little bit of time and
energy into learning some of the peculiarities and complexities of bitcoin and blockchain.

The fact that this requires time and effort on your part is precisely why you still have
the opportunity to get in at such an early stage.

If it were easy, then everyone would be doing it. So by taking the time to educate yourself on
this process, you are already miles ahead of the pack.

Im going to break down this process into easily digestible chapters, walking you through
real live cases using my own accounts, and my own money.

The dollar values you see in the videos and screenshots are my own. They represent my own
personal wealth. Ive bought, moved and stored tens of thousands of dollars in real life
examples to demonstrate how this process works.

I could have used a couple hundred bucks just for the sake of demonstration, but frankly
speaking, its important I put my money where my mouth is that way youll understand this
isnt just a theoretical exercise, its real life with real examples and real hard-earned money.

But even more importantly, Ive made some mistakes mistakes that have actually cost me
money. Ill share those with you too. If I can help just one person avoid the same errors I
made then it will be worth it.

I hope you find the following report useful.

Good investing,

Tama Churchouse
Lead Analyst

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Bitcoin Guide

Introduction

Do you remember the first time you ever bought a stock? I do. I remember being nervous
as I drafted and re-drafted that first buy order email to the broker.

I wanted to make sure I got it right. I didnt want the broker at the other end to see me for
what I was, a nave teenager out of his depth.

I remember Id come across the term GTC, short for Good til Cancelled, an order that is in
force until either the stock is bought, or the order cancelled.

So, I threw in a GTC at the end of my order for good measure. That way, I thought, hed
know I was a pro.

Over time, buying and selling stocks has become routine. Now it just takes a few clicks of a
mouse, and hundreds of thousands of dollars of stock can be bought or sold in an instant.

I used to feel a little surge of adrenaline when I placed an order. But that has long faded.

I bring this up, because when I first went through the process of buying the particular asset this
report is all about, it rekindled the feelings I had all those years ago as a teenager placing his
first stock buy order.

I was nervous. It wasnt a small amount of money at stake. And more importantly, it was not
a process Id been through before.

But as Ive traded regularly, and gained familiarity and comfort with what Im doing, Im now
well at ease with moving around this asset and trading it.

Of course, Im talking about the cryptocurrency (or digital money) bitcoin.

Having spent months looking into this space, Im convinced bitcoin and cryptocurrencies will
only grow in scale and opportunity. Cryptocurrencies are in the midst of a profound bull
market. Its a technology gold rush thats playing out right now.

There are some cryptocurrencies out there that have returned up to 50-fold in a matter
of months.

How many investments can you think of that have returned those kinds of numbers? And
these arent paper profits. These are tradeable liquid markets.

And this train shows no sign of slowing down.

Thats why you need to familiarise yourself with the technology today. Being on the outside
will limit your ability to profit from it in the future.

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Bitcoin Guide

A primer on bitcoin and cryptocurrencies

Bitcoin is digital money that is created and held electronically. At the core of bitcoin
technology is a kind of super database called the blockchain. The blockchain is public and
accessible to anyone, just like the internet.

The blockchain contains every transaction in the history of bitcoin, and is constantly growing.

When you use bitcoins to buy something, a global network of computers checks the
blockchain database, verifying that you own the bitcoins. Its like thousands of computerised
notaries automatically checking, authenticating and guaranteeing every transaction.

This is different from using a credit or debit card. When you buy something with a credit card, a
financial middleman, like a bank, verifies every transaction. This takes time, and they charge
you a fee for the service.

In a bitcoin transaction, the verification and transfer are performed instantly by the blockchain.
There is no middleman. A lot of people think that as bitcoin-like technology matures, it will be
used to process everything from stock trades to voting. These more efficient, less costly
transactions could end up saving individuals and corporations billions of dollars while
making them far more secure.

Cryptocurrencies are also blockchain-based digital assets created, increasingly, as a means

of ownership of a blockchain-based business.

Some of the most exciting early-stage investment opportunities in the months and years
to come will come in the form of cryptocurrencies.

Bitcoin is the on-ramp to buying cryptocurrencies

Bitcoin is currently the reserve currency of all cryptocurrencies. So it makes sense
to understand bitcoin first.

Let me share a recent example.

You might have heard about ethereum. Its a virtual currency network thats been in the
press recently as a wave of top blue-chip I.T. and financial companies (including J.P.
Morgan and Microsoft) have announced the formation of an alliance that will use ethereum
for blockchain-related opportunities.

Ethereum soared over 3,500 percent in the six months leading up to June 2017.

But if you want to buy ethereum, you typically have to buy bitcoin first.

Thats why you should take out the time to figure out bitcoin.

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Bitcoin Guide

The bitcoin bubble is just beginning

Bitcoin and blockchain are all over the news right now, with bitcoin hitting all-time highs.

Bitcoin went from around US$300 in January 2015 to around US$10,000 in November
2017. Thats a more than 2,000 percent increase.

With bitcoins recent price explosion, anticipation over the possibility that were heading
towards a bitcoin bubble is building.

But the rollercoaster ride isnt done yet.

Back in May, I attended Consensus 2017, one of the most important events in the
blockchain world.

Consensus is an annual blockchain technology summit in New York where industry leaders
discuss all things bitcoin and blockchain, and where new blockchain companies come to
pitch their ideas.

One of my biggest takeaways from Consensus was that the boom in bitcoin and blockchain
is just getting started. Everywhere I looked, conference attendees were on mobile phones
and laptops trading cryptocurrencies throughout the course of the conference.

Here are just a few of the things I learned at the summit that convince me the crypto boom
is just getting started:

The bitcoin price boom is fueling more cryptocurrency rallies

The market capitalisations of the two largest cryptocurrencies, bitcoin and ether, increased by
nearly US$40 billion in the three months through May 2017. The total cryptocurrency market
cap was up to around US$312 billion in November 2017.

As a result, holders of these currencies are sitting on huge wealth and they are now looking
to diversify into other cryptocurrencies. This means that instead of being 100 percent in
bitcoin and/or ether, investors are looking to take 5 or 10 percent of their cryptocurrency
portfolio and buy other cryptocurrencies.

This is fueling a boom in second-tier cryptocurrencies.

Rampant speculation
As I listened in on pitches from new blockchain businesses, the most common single question
was this: when is the ICO? (ICO means initial coin offering, the cryptocurrency equivalent
of an IPO, or initial public offering, for a stock).

Market participants are expecting immediate multiples of return on capital, regardless of

the business case (if any). ICOs are viewed as near-guarantees of immediate big gains.

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Bitcoin Guide

I see a lot of parallels here with the tech bubble of the late 1990s. And there will be
some spectacular blow ups ahead.

But lets be clear: at the peak of the dotcom bubble, the market cap of the NASDAQ index
was nearly US$6 trillion. The entire cryptocurrency market cap in November 2017 was just
US$312 billion.

The point is, for all the noise in the media, the level of general public participation in bitcoin
and cryptocurrencies remains extremely low. Just think about your own group of friends and
associates. How many of them even own bitcoin?

So this bitcoin bubble is just getting started.

Regulators at the gate

The legal and regulatory system is far behind whats actually happening in the cryptocurrency
space. How do you treat cryptocurrencies? Are they securities? Currencies? Assets?
Something in between? Remember, all cryptocurrencies offer different characteristics. Some
offer the equivalent of a coupon or a distribution of profits, for example.

At some stage regulators (most likely the Securities and Exchange Commission (SEC)) will
step into this market. Especially as the financial stakes increase.

There are scam-like cryptocurrencies taking advantage of the huge boom. When investors
start crying foul, you can expect the SEC to start weighing in.

When they do, you can expect increased volatility and big drops in the scammier
cryptocurrencies out there. But SEC participation will only make this industry more
mainstream, and bring in more money.

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Bitcoin Guide

Why everyone should buy a little bitcoin

Everyone should be accumulating a little bitcoin. A few hundred dollars, a couple of thousand
whatever you can afford to allocate in the super-speculative portion of your portfolio. But dont
allocate any meaningful portion of your portfolio to bitcoin.

Now, bitcoin will not keep increasing in value at its current rate of growth forever. At some
stage the market price will correct.

So I dont think you should buy bitcoin because you think the price will go up.

You should buy some bitcoin today to familiarise yourself with the process of buying, trading
and storing cryptocurrencies. Blockchain and cryptocurrencies will never replace gold, but
they are here to stay.

This technology will only grow in scale and opportunity. And being on the outside (and
not understanding it) will limit your ability to profit from it.

And the best thing about bitcoin from an investor perspective is that it still requires a bit
of effort to buy it. You need to open an account and go through some Know-Your-
Customer (KYC) processes. This means you still have time to get in before others.

Remember, this rollercoaster ride is just getting started. So theres no reason not to be
buying now.

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Bitcoin Guide
 Before you begin

When it comes to bitcoin and cryptocurrencies, you need to be meticulous about how you
go about the process of buying, moving and transferring it.

If you transfer bitcoin to the wrong address for example, thats it. Its gone. There are no refunds.

If you forget your password or private key, depending on the platform or wallet youre using,
you can easily lose everything.

It is imperative that you make backups and hard copies of EVERYTHING. Ideally, you should
have a physical notebook or folder with usernames and passwords, along with printouts of
your public and private keys (dont worry, well get to all this shortly!).

Now, to get started with bitcoin, youll need:

A computer

A mobile phone

A notebook

Microsoft Word or Excel

Scanned copies of your identification (Passport and/or driving license)

Proof of address (a utility bill with your name and address, issued within previous
3 months)

A printer

Your bank details

You may be looking at this list and thinking this looks too much like hard work. But
remember, then this does require a little bit of hard work on your part. Its why you can still
get in on this opportunity early.

TOP TIP ~ When setting up your bitcoin exchange accounts and bitcoin wallets, keep all
the details in a document (a word file or an excel spreadsheet. for example). Bitcoin
addresses or public/private keys are long garbled mixtures of words and letters, so us-
ing a copy-paste function to keep this information in a document is advised. When
youve finished, print it out. In Microsoft Word and Excel, you can password-protect
your document for additional safety by selecting Tools > Protect Document

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Bitcoin Guide

FLASH WARNING

Theres an idea that bitcoin is the preserve of gangsters, drug dealers and criminals who use it
to transfer illicitly-gotten gains to one another under the radar of unsuspecting law enforcement
officials.

This reputation is further cemented by reports of so-called dark web sites that act as a
market place for illegal goods whose currency of choice is bitcoin because its anonymous.

Its worth pointing out that when HSBC bank was caught and fined billions for
laundering Mexican drug cartel money, no bitcoin was involved!

Regardless, heres the thing.

Bitcoin is not anonymous.

So, if youre going to use bitcoin as a means of covertly moving money around, I would
suggest you think twice.

Bitcoin is pseudonymous. That is to say, a bitcoin address can be tied to a particular user.
You may not know who that user is, but that user has an identity. Think of it like a username
on a website. You may not know whos behind it, but that username is tied to a particular
person and their actions are tied to that username.

The whole point about bitcoin is that its actually transparent. Every transaction is recorded
on the blockchain and visible to everyone.

Let me give you an example. If you go to https://blockchain.info you can put a bitcoin address into
the top right hand corner, and you will see all the associated transactions with that address.

Itll show you where the money went, and where it came from.

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Bitcoin Guide

How to buy bitcoin

There are two things you need to start trading virtual currency:

1. An on-ramp

2. A wallet

An on-ramp is simply a website where you can convert fiat currency (i.e. U.S. dollars),
into bitcoin.

Gemini is one Ive used. You create an account, go through a verification process, deposit
some dollars, and buy some bitcoin.

For your convenience, Ive attached a step-by-step guide to setting up an account with Gemini.

Whilst a platform like Gemini allows you to buy your bitcoin, I dont like storing much with
an exchange.

Id rather keep it in my bitcoin wallet. The wallet is where you store your bitcoin.

Exchanges can (and do) get hacked. My personal choice of wallet is Trezor. Its a hardware
wallet used to store bitcoin offline. For storing bitcoin on a computer, I like Electrum. And if
you want to store your bitcoin with a web-wallet, look at Blockchain.info wallet. Theres also
good selection of wallets to choose from here.

For your convenience, Ive also attached a guide outlining different types of
wallets and how to use them.

Once you have an on-ramp and a wallet, you can get started trading bitcoin. Again, I
recommend everyone go through the process of buying a few hundred bucks of bitcoin,
transferring it to a wallet, and maybe transferring it to an exchange to buy another
cryptocurrency (say Ethereum) is an excellent way to put yourself way ahead of the pack.

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Bitcoin Guide

Beginners buying bitcoins should do these three things

Here are three simple pieces of advice for bitcoin beginners:

Start small
Speaking from personal experience, I highly recommend that folks looking to buy some
bitcoin start with an extremely small amount no more than a bitcoin worth, which today is
the equivalent of a couple of thousand U.S. dollars. (You can use less money and buy a
fraction of a bitcoin, if you prefer). The process of buying, moving and storing bitcoin is not like
traditional online banking or investing. If you send bitcoin to the wrong location, for example,
you cant just call up your bank and cancel your transaction.

Ive experienced that myself

Recently, as I sat in the lounge at New Yorks JFK airport waiting for my (delayed) flight back
to Hong Kong, I decided to move around some bitcoin from my trading exchange account to a
new separate wallet I had just set up. (A wallet is where you store your bitcoin. An exchange is
simply where you trade bitcoin and other cryptocurrencies).

At the time, one bitcoin was worth around US$2,100. So the total value of the transfer was a
little under US$8,500.

I put in the transfer request, confirmed the transaction by clicking on a confirmation link sent
to me in an email by the exchange, and then I waited

And waited

Usually, a simple bitcoin transaction takes a few minutes, maybe more. Its not instantaneous
(one of the biggest misconceptions about bitcoin is that transactions happen at once). But after an
hour there was no sign of the bitcoin in the new wallet I had just documented setting up.

I re-checked my account at the exchange. Sure enough, the four bitcoin had been removed
from my balance but in the transaction ledger, it simply read awaiting approval.

I got on the flight and thought nothing of it. It wouldnt take long for this approval to go through.

But when I checked on Monday morning back in the office, nothing had changed. The
exchange was still showing awaiting approval. Whose approval? It was not clear.

The exchange I was using in this instance is called Poloniex. Operated out of the U.S., its
the largest cryptocurrency exchange.

So, I raised a support ticket (reported the problem to the exchange) asking what was going
on. (Note: theres no phone number for support, no email, no instant chat box. You can only
raise a ticket with your problem and leave it with the exchange support staff.)

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Bitcoin Guide

Days passed. And then a week. Still nothing. Nobody responded to my support ticket. There
was absolutely nothing I could do. The transaction simply said awaiting approval. In the
meantime, the bitcoin was completely frozen.

I had a little more cryptocurrency in my account which I could trade, but I didnt want to try
to transfer that in case the dreaded awaiting approval issue cropped up again.

In the end, it took TEN DAYS for the transaction to ultimately be canceled, and the
bitcoin returned to my exchange account.

Its a great reminder that with cryptocurrencies, you dont enjoy the kind of investor
protections you might be accustomed to with banks and brokerages.

In this case, there was nobody to call and nobody to complain to. Nothing. I just had to wait.

But fortunately, by the time those four bitcoin were finally transferred out of my
exchange account (successfully) into cold storage, they were worth another US$2,800.

In short, its critical to familiarise yourself with the mechanics of buying and moving
bitcoin around first with a relatively small sum, before moving on to larger dollar amounts.

Write everything down

Its ironic that whilst bitcoin is a highly modern technology, you must make sure you keep
offline records of all your bitcoin information. That means a pen and paper, or at least using
a Microsoft Word document and printing it out as a back-up.

I mentioned this before and its worth repeating

Storing and sending/receiving bitcoin involves setting up a digital wallet. This is where
you keep your bitcoin.

Your wallet has a public key (which might look a bit like this: 1GwV7fPX97hmavc6iNrUZUog)
which is where the bitcoin gets sent to. This is like an account name.

Your wallet also has a private key. This will either be an alpha-numeric sequence that looks
like the public key above, or a long sequence of random words generated by the wallet. This
is the password you use to access your wallet.

Either way, secure wallets do not have an I forgot my password option.

If you lose or forget your private key, you lose access to your wallet. And you lose
your investment. Period.

I write everything down, and I print out screen grabs (that is, printouts of what is shown on
the screen).

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Bitcoin Guide

Dont leave money at the exchange

In order to convert your cash into bitcoin, you need to open an account with an exchange.

This process will typically take a few days as the exchange will need to conduct KYC (know
your customer) diligence on you. This means theyll do a standard identity verification so the
exchange knows who you are, and that youre not a wanted criminal.

Once youve opened the account, youll be able to fund it with a bank transfer or by credit
card in some cases before you buy bitcoin.

But dont leave your bitcoin at the exchange. As I said earlier, if your bitcoin is at an exchange then
you dont own it they do. And if the exchange where you bought bitcoin (and left it there) gets
hacked, then you can lose your money. This has happened in a couple of high-profile cases.

For example, in 2014 bitcoin exchange Mt. Gox, which at the time was handling up to 70 percent
of all bitcoin volume, filed for bankruptcy, saying that 750,000 of customer bitcoin was missing.

Thats why I keep nearly all of my bitcoin offline, in whats called a cold storage wallet. This is
a piece of hardware where you store the bitcoin. I keep just a little fun money at the exchange
for trading.

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Bitcoin Guide

The Process

Here are the basic steps broken down into 3 categories below.

1. First, you need to open an exchange account and buy bitcoin.

2. Second, you need to set up a wallet where you can store your bitcoin.

3. Finally, you need to move your bitcoin from the exchange to your wallet.

We cover the steps in our guides attached as appendices:

Setting up a Gemini Exchange Account - A Step-by Step Guide and

Setting up a bitcoin wallet

stansberrychurchouse.com 16
Setting up a Gemini Exchange Account:
A Step-by Step Guide
Creating Your Account

Go to https://gemini.com/ and Register

Creating Your Account

Making a note of
these in your secure
information file
Creating Your Account

Check your inbox

 Securing Your Account

2FA is 2 Factor Authentication.

Typically you use your mobile
phone number.
When you login
or request
transfers of
money or
digital assets,
a confirmation
code will be sent to this mobile
number for additional security.
 Securing Your Account

Select your country

and input your
mobile number
Securing Your Account

After entering your mobile number

you will receive a text message with your
one-time Gemini code
Securing Your Account

You can download a separate 2FA mobile

application if you want.
This is up to you.

Simple text message 2FA is only as secure

as access to your mobile phone and account
password!
Identifying Your Account

- Personal Details
- Address
- Passport
Identifying Your Account

- Photo ID copy
- Proof of address
Identifying Your Account
Identifying Your Account
Identifying Your Account

All bitcoin exchanges are currently experiencing a

huge amount of new account openings so it
might take a few days to verify your account
Identifying Your Account

Youll be notified by email when its ready

Funding Your Account

You will need to go through the process of sending a bank

transfer or wire instructions with your bank in order to fund
your account.
*This is the last hurdle! The rest is straightforward
Funding Your Account

A sample of Wire
instructions that you will
be shown
Buying Bitcoin!

Once the cash has

cleared, you can buy
bitcoin
Buying Bitcoin!

We recommend a Limit order.

You specify the most US$ you are
willing to pay per bitcoin
Moving Bitcoin!

Once youve bought bitcoin

and its shown in your BTC
balance you can move it
somewhere safe
 Moving Bitcoin!

Enter the destination wallet

address.
***ALWAYS COPY-PASTE THIS
ADDRESS FROM THE ORIGINAL
SOURCE AND DOUBLE CHECK IT.
***IF YOU INPUT THE
WRONG ADDRESS YOU
CAN PERMANENTLY LOSE
YOUR BITCOIN
Moving Bitcoin!

The Bitcoin should now be in your non-exchange wallet

Setting up a Bitcoin Wallet
Three different Types

1
Bitcoin Wallets
Bitcoin wallets come in all shapes and sizes, but there are five main categories:

Mobile wallets

Paper wallets

Desktop/software wallets

Hardware Wallets

Web wallets

This guide is not designed to be exhaustive, it is designed to show you three specific wallets, a web
wallet (where your bitcoin are stored in an online wallet), desktop wallets (where you download software to
your computer), and hardware wallets (physical devices that allow you to store your bitcoin completely
offline and off your computer.

Just like the wallet you carry around with you, your bitcoin wallet has to be secure.

You should ALWAYS back up your wallet where possible, and do it regularly.

DO NOT FORGET YOUR PASSWORD(S) I lost a password to a bitcoin wallet I had 12 months ago
and it costs me thousands of dollars in lost bitcoin price appreciation.

Every wallet will provide you with a public key or address this is the long combination of letters and
numbers that you can use to send bitcoin to.
Creating a Web Wallet

https://blockchain.info/wallet
Securing Your Account

You will be now prompted

through a series of steps
to secure your account
Securing Your Account Email verification
Securing Your Account Email verification

CHECK YOUR INBOX

Make a note of your wallet

ID
Securing Your Account Backup Phrase
Securing Your Account Backup Phrase

After you are given the 12

key words you will be
asked to retype them in
to ensure you noted them correctly

You will be given a series

of 12 English words
this will be your Backup
Recovery Phrase YOU
MUST WRITE THIS
DOWN AND KEEP IT
SAFE
Securing Your Account Password Hint

Dont make the hint

obvious
Identifying Your Account Adding Mobile Phone
Identifying Your Account Adding 2FA

A simple use your mobile number

is OK for 2FA
Receiving Bitcoin
Using a Software Wallet

https://electrum.org/#home

Download and then open the

https://electrum.org/#home
application Mac and Windows
options are provided
Setting Up Your Account

***For most people,

simply use Auto connect
Setting Up Your Account

***Give your wallet a

simple recognisable
name
Setting Up Your Account

A Standard Wallet requires a
password to use

2FA uses 2 factor authentication
(usually a mobile device)

A Multi-signature wallet is one that
requires two or more people to
approve before transactions are
sent
Setting Up Your Account

Electrum derives its

private key using a seed
consisting of a dozen
random English words.

It is CRITICAL that you

write this down and keep
it safe
Setting Up Your Account

After you are given the seed

above, you will be asked to re-
enter it, and then prompted to
create a password
Setting Up Your Account

Your (empty) wallet looks like

this!

To receive bitcoin, simply

click on RECEIVE to get an
address.
Setting Up Your Account
Cold Storage

Trezor is a physical hardware wallet that allows you to store your

bitcoin offline (i.e. in a safety deposit box)
Cold Storage

If you buy it, you set it up by plugging it into a USB drive and
following the walkthrough provided online its VERY easy. It will
require writing down a seed and pin code.
Summary

A wallet is only as good as the manner in which you secure the respective security
information.

Web wallets, whilst convenient, are not ideal (what happens if you login and the wallet
provider server is down?)

I recommend using Electrum with a 2FA, ensuring that you backup accordingly.

For buy-hold investors, Trezor is a secure option but recommended it be stored in a

vault or safety deposit box facility.

THIS GUIDE IS FAR FROM EXHAUSTIVE YOU MUST DO ALL YOUR OWN DUE
DILIGENCE AND NOT RELY SOLEY ON THE INFORMATION PROVIDED IN OUR GUIDES.

ITS ALWAYS A GOOD IDEA TO TRY OUT NEW WALLETS WITH SMALL AMOUNTS OF
BITCOIN FIRST BEFORE PROGRESSING TO LARGER SUMS
 2017 Stansberry Churchouse Research All Rights Reserved. All content made
available to you through our services are subject to and protected by copyright,
and other intellectual property laws of Hong Kong and international treaties.
Legal disclaimer: The insight, recommendations and analysis presented here are
based on corporate filings, current events, interviews, corporate press releases,
and what we've learned as financial journalists. They are presented for the
purposes of general information only. These may contain errors and we make no
promises as to the accuracy or usefulness of the information we present. You
should not make any investment decision based solely on what you read here.