Articles on: StackinSat for professionals

How to keep and secure your bitcoins as a professional

In order to subscribe to Stackinsat's Bitcoin Pro Savings Plan, it is necessary to have a Bitcoin-compatible personal vault (wallet).

Storing the personal vault and securing your Bitcoins is the responsibility of the company's corporate officer.

Before going into more detail about the different types of existing personal safe (wallet), and their use, let's take a moment to clarify some important concepts, which should make it easier to understand this essential tool for securing and using your bitcoins.

A personal safe (wallet) does not really keep your bitcoins, but only the information that allows you to control the bitcoins assigned to you. Indeed, bitcoins only exist in the distributed ledger on all computers on the network Bitcoin.

You have to see this distributed ledger as a large duplicate account book updated simultaneously on a multitude of computers (the nodes of the Bitcoin network).

This account book is public and can be freely consulted by all.

The content of this account book is very basic, it contains a list of addresses.

Your personal Vault (wallet) allows you to interact with this distributed registry.

If you want to receive bitcoins, your personal safe (wallet) will generate a receiving address. This receiving address will be listed in the distributed public ledger as soon as someone has made a transaction to give you some satoshis on this address.

*_(As a reminder, 1 bitcoin (BTC) is divisible into 100 million satoshis (SAT), so you can receive at least 1 SAT on your receiving address.)_

To start your Stackinsat BSP, you need a personal vault (wallet) compatible with Bitcoin. If you do not yet have a personal vault Bitcoin, we advise you to use a Ledger-type Cold Wallet.

You can get a Ledger-type Cold wallet on the Shop Surfin Bitcoin.

WARNING: We strongly advise you to read this article "Not your key, Not your bitcoin": bitcoins/**.**

Be aware that in the event of loss of access to the bitcoins held, the loss is subject to a different tax interpretation depending on the terms of bitcoin insurance.

In general, the loss of the crypto-assets held implies the recognition of a loss attributable to the results of the company.

However, insofar as the crypto-assets held have led to the collection of an insurance indemnity for the benefit of the holder, then the amount of the indemnity must be included in the calculation of the capital gain or loss resulting from the loss, in comparison with their acquisition price or their book value with regard to fixed assets.

Very soon we will be able to offer you an integrated safe (wallet) to your StackinSat account!

Updated on: 19/06/2023

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