You have heard of it just recently and are intrigued by it but you need to find out a whole lot more about it before you can even think about moving your money. What kind of security for digital currency is out there?
For starters a lot of work has gone into perfecting the system of being able to buy units of gold or fiat currency to keep your money safer and more convenient to send and receive payments or make purchases.
The measures taken for security for digital currency are extensive.
- All of your personal sensitive information is encrypted with a special encryption system so no one can possibly get at your money. Hackers will not be able to get into any accounts that you have.
- Then, all of your accounts are password protected with a password only you know.
- Next, you are either assigned a PIN or once you open your account you can come up with your own, again, one only you could possibly know.
- Finally, there is an anti-keylogger feature that makes it impossible for others to figure out what you are doing online by figuring out which keys you strike the most on your home computer or your laptop.
The Dollar bill is not worth near what it used to be and just does not go as far as it used to. This is referred to as inflation.
Well, did you know that if you put your money into an account that is backed by gold that is stored in vaults all over the world you can basically inflation and recession proof yourself? That's right.
Gold is not susceptible to the same "rules" as the dollar bill and is considered to be inflation proof. If you and your money are inflation proof then you are also recession proof. The gold will always be there to back you up and never loses it's worth.
Here is something else you need to know. Setting up an account is free to do. There are fees associated with buying the number of units of gold that you want but if you compare them to the fees you have to pay to a credit card company, or even a bank, you will see a major difference.
The fees are very affordable.
Since no government of banking system has any controlling interest in any of these companies your financial transactions are not recorded any where in the world. You can do what you want with your money without Uncle Sam having his nose in every bit of business that you do.
This is not just for businesses or big corporations either, anyone can get one of these accounts if they so choose. Making purchases or sending and receiving monetary gifts or payments can be done very securely over the Internet at any time, day or night.
In the words of Yee Kok Siong, "Security for digital currency is extensive so you can feel the safest when putting all of your money into this type of system".