” One of gold’s major strengths is that it has stood the test of time. Through thousands of years, it has shown itself a resilient store of value and a useful currency. Bitcoin has less than three years under its belt. If Bitcoin were gold, we’d still be in the early stone age carrying gold flecks in a leather pouch.” mndrix(2011)
1st Bitcoin Bank is equipping our users with the knowledge and resources to function securely as their own bank.
Bitcoin users need to educate themselves about security because Bitcoin eliminates the need for a central storage or processor and it moves the security burden to the owner of the Bitcoins.
While one option for a Bitcoin user is to use one of a number of fine and reputable online storage providers, 1st Bitcoin Bank aims to enable users to be their own bank. It will:
- Teach safe and secure use of Bitcoin wallets
- Teach use of third party software such as Armory, Linux, VirtualBox etc
- Teach the use of hardware and devices in manners such as “cold storage” to enhance security.
As a new Bitcoin user, you should go to the following links and begin to get familar with Bitcoin
Notice: 1st Bitcoin Bank is NOT a bank in the traditional sense. We DO NOT accept deposits of any kind (neither Bitcoin nor currency) nor do we make loans.