We will never request you to reveal private data or passwords. Beware of scammers!
BOOK A FREE CALL
Party

Frequently
Asked Questions

Below you will find answers to questions asked by our customers

What services do you offer?

We offer expert 1:1 online consulting and guidance on the Bitcoin investment process. We will walk you through and teach you about all the important aspects of Bitcoin fundamentals, the purchasing process, setting up a digital wallet, and the best security practices that will let you sleep calmly. Learn more

Why is it worth considering investing in Bitcoin?

Bitcoin has historically proven itself to be the world’s best-performing asset of the decade, with a massive adoption rate. It has been recognized as a viable investment portfolio asset by the best investors, fund managers, and tech companies. Learn
more

How do you protect client data?

We are very strict about privacy, which is at the core of our services. We never share your personal data with anyone, and we use industry-leading security measures, including multi-factor authentication and secure data storage. Learn more

How do you provide your services?

All our services are provided during secure, end-to-end encrypted Zoom calls. We make sure to connect with you online only from carefully chosen private spaces with no background noise. Learn more

How can I start my journey with Bitcoin Focused?

Simply book a free 30-minute discovery call according to your time preference and take your first step to becoming a Bitcoiner!

Book a free call

Why is it important to self-custody your Bitcoin?

Self-custody is a Bitcoin storage technique that eliminates any intermediaries, such as banks, exchanges, or institutions. It empowers you to be the only person able to move your coins without any limitations and eliminates third-party risks.

How do I store Bitcoin?

There are multiple ways to store your Bitcoin, including hot and cold wallets, custodial solutions, and crypto exchanges, etc. We will guide you through the advantages and disadvantages of all the above so that you can make a conscious choice about storing your Bitcoin.

What is the difference between a Bitcoin cold wallet and a hot wallet?

In basic terms, a cold wallet is a separate, specialized device for keeping your Bitcoin offline, which increases security. On the other hand, a hot wallet is a mobile or desktop application that runs on your PC or smartphone, and thus is much more vulnerable to various types of attacks.

Can you teach me the best practices for setting up a Bitcoin wallet in a secure way?

Absolutely! For the last six years, we have supported hundreds of investors on their Bitcoin journey, and we have developed unique know-how and a step-by-step security framework ensuring that your wallet is properly created and backed up.

What is the Lightning Network, and how is it different from the Bitcoin blockchain?

The Lightning Network is a second layer for Bitcoin transactions. It uses micropayment channels to scale the blockchain’s capability and handle transactions more efficiently and cheaply. It is a technological solution that allows for off-chain transactions. When the channel is closed, the final record is secured on the Bitcoin blockchain.

Can you assist me with buying Bitcoin?

Sure thing! Depending on your preferences, we can walk you through purchasing Bitcoin via exchanges, peer-to-peer or OTC, and brokerage services.

Will you share any educational materials apart from consultations?

Absolutely! If you purchase the Fundamentals Package or Mastery Package, we will send you carefully curated research and analysis on wallets, exchanges, or market analysis tools via email so that you can make a conscious choice for your Bitcoin investment setup.

Is investing in Bitcoin legal?

Bitcoin is widely recognized from a legal point of view as a commodity and can thus be purchased and held by individuals. Moreover, there are certain jurisdictions, for example, El Salvador, that treat Bitcoin as a legal tender, making it an accepted form of money. However, there are particular countries like Qatar or Saudi Arabia where possessing cryptocurrencies is illegal.

Is there any income tax on the gains from Bitcoin?

When you profit from your Bitcoin investment, you might be subject to certain taxes, depending on your tax residency. Please consult a tax advisor to verify your tax obligations

Didn't find the answer to your question? Contact us by sending
an e-mail to: contact@bitconfocused.com