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Cryptocurrencies in Practice: How do you Store and Use Cryptocurrencies?

  • Accountant
  • CPA (CA)
  • CMA
  • CPA (US)
  • CA - ICAEW
  • CFA
  • ACCA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: March, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Select a Cryptocurrency exchange
    4 mins
  • Open an account in an exchange
    5 mins
  • Account features and limits
    10 mins
  • Withdraw procedure
    14 mins
  • Know about CAD balance
    19 mins

Course Description

Just the way we keep cash or cards in a physical wallet, bitcoins can also be stored in a wallet i.e. a digital wallet. The digital wallet can be hardware-based or web-based. The wallet can also reside on a mobile device, on a computer desktop, or kept safe by printing the private keys and addresses used for access on paper.

But how safe are any of these digital wallets? The answer to this depends on how the user manages the wallet. Every wallet contains a set of private keys without which the bitcoin owner cannot access the currency. The biggest danger in bitcoin security is the individual user perhaps losing the private key or having the private key stolen. Without the private key, the user will never see her bitcoins again. Besides losing the private key, a user can also lose her bitcoin by computer malfunctions (crashing a hard drive), by hacking, or by physically losing a computer where the digital wallet resides.

Getting cryptocurrency is one thing while storing it safely requires entirely different skills and knowledge. In this 1 CPE online webinar, you will be able to learn different types of Fundamentals Blocks.

  1. Wallets: A cryptocurrency wallet is a software program designed to store your public and private keys, send and receive digital currencies, monitor their balance, and interact with various blockchains. You need to have a cryptocurrency wallet to manage your crypto assets and keep them secure.
  2. Exchanges: It refers to different types of services that allows to buy, trade and transact with cryptocurrencies.
  3. KYC and AML: It defines how Identity verification (KYC) and Anti-Money Laundering (AML) works in cryptocurrency environment.

In this CPE webinar, you will able to learn practical use of how to setup a wallet in case of cryptocurrency and its transactions.

Major topics covered in this online CPE Webinar on Finance:

Fundamental Blocks: Wallets, Exchanges, Security

  • Wallets: Different ways of storing cryptocurrency keys and secure them.
  • Exchanges: Different types of services that allows to buy, trade and transact with cryptocurrencies. 
  • KYC and AML: Identity verification (KYC) and Anti-Money Laundering (AML)

Demonstration: Put everything together.

  • Setup a wallet
  • Open an exchange account
  • Transact in cryptocurrencies
  • Redeem to fiat currencies.

Learning Objectives

  • To learn how cryptocurrency can be stores and used in real world
  • How to differentiate between fundamental blocks like Wallets, Exchanges and Security
  • How to setup a wallet and incur transactions in the wallet
  • How exchanges in fundamental blocks works?

Recommended For

  • This online CPE webinar is recommended for CPAs, CMAs, CFA, CFIRS, CWS, and Other Accounting professionals who desire to help their clients with the updated knowledge on Cryptocurrency. 
  • This Online CPD webinar on Finance is recommended for CPAs in Canada who wants to help their clients in accounting of cryptocurrency transactions.

Who Should Attend?

  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Chartered Financial Analyst
  • Chartered Professional Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 0.5 CPD Credit of Finance for Chartered Professional Accountant (CPA Canada)
  • 0.5 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
  • 0.5 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 0.5 PL Credit for Chartered Financial Analyst (CFA)
  • 0.5 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 0.5 CE Credit for Certified Wealth Strategist (CWS)
  • 0.5 General Credit for Accountant/Bookkeeper/Tax Professionals
  • 0.5 CPD Credit for CA - ICAEW
  • 0.5 CPD Credit for Chartered Certified Accountants (ACCA)
  • 0.5 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 0.5 CPD Credit for Chartered Accountants - Scotland
  • 0.5 CPD Credit for CPA - Ireland

Additional details

  • Course Level :
    Basic
  • Credits :
    0.5
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Irene Katzela

Chief Technology Officer, The Miner Network

Irene is a technically savvy, seasoned leader with broad-based experience in network architecture, and information technology strategy. Track record guiding global business strategy with established and emerging technologies to achieve maximum operational impacts with minimum resource expenditures. In addition, she has proven expertise in research/development, implementation and adoption of emerging networking technologies. 

For the last 6 years she has a keen interest in the Blockchain technology space, especially application of Blockchain technologies in different business verticals. Currently, she is the Chief Technology Officer at the Miner Network. 

Dr. Katzela holds a PhD, a Master of Philosophy, and a Master of Science from Columbia University, NYC, New York. 

The Miner Network

In these unprecedented times, people are looking for good things to do with their money, and also to do good with their money. This is Miner, a resource-based crypto token that does both by tokenizing the service of mining, while cleaning up the dirtiest business in the world.

To learn more about the Miner Network, https://theminernetwork.org

To learn more about the Miner Token, https://minertoken.io 


About Company

The Miner Network

theminernetwork.org/

The Miner Network is a not-for-profit association established to facilitate the tokenization of precious metals mining and assist in cleaning up the dirtiest business in the world: resource extraction.

MINER is a utility token that tokenizes the service of gold mining. We mine gold for you, on demand.

The Miner Network contracts with service providers to mine and refine gold, facilitate the digital storage and exchange of mining labor minutes in the form of MINER tokens, and deliver 24 karat gold bars, upon redemption, to Miner Network members. Each MINER token represents one minute of mining labor at an in-network gold mine. When a member redeems tokens, we mine, refine and deliver 24 karat gold bars directly to the member.

100 percent of profits from Miner are pledged to fund and support the Origin Trust Foundation (origintrust.org), a not-for-profit research institute whose intention is to help reframe, rethink and redesign our civilization’s ways, turning our species towards a conscientious, regenerative future.

About Presenter

James Helik

Consultant, Benefits and Pensions Monitor

Jim Helik is a contributing editor at Benefits and Pensions Monitor, a magazine for pension plans and institutional investors, a position he has held for over 25 years. Previously he was the first full-time editor of a quarterly, peer-reviewed journal covering financial and economic markets, and the associated demographics and public policy issues for institutional investors across North America. He was also the founding editor of International Derivatives magazine. He has written, edited, and delivered via distance education, test banks, instructor notes, case studies and other teaching materials for the Canadian Securities Institute on a full range of topics such as portfolio management, private equity, financial planning, derivatives, technical analysis and investment management techniques. He currently teaches at Yorkville University in Toronto, Canada.

About Company

Benefits and Pensions Monitor

bpmmagazine.com/

Benefits and Pensions Monitor magazine was created in 1991 to serve Canada's Plan Sponsors in the areas of pension fund investment and employee benefits management. Our editorial content as well as market coverage are key to our magazine's success. MONITOR is closely involved with industry associations and industry experts to help us craft the magazine as a continuing source of industry information. The primary focus for the circulation development of Benefits and Pensions Monitor is the 100+ employee level, which many industry professionals consider as Canada's Primary Market for employee benefit plans and pension fund investment. With over 90% of MONITOR's circulation directed to this area, Companies are able to target thier promotional efforts where they can achieve the most success in building their business.

Faq

FAQs content

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