Frequently Asked Questions


What does a Bitcoin transaction look like?

Here is a great infographic showing a bitcoin transaction.

What is a pump group and how does CryptoProspectors differ?

A pump group is typically a nefarious organization who hold scheduled pumps(organized large group where everybody is buying the same coin at once to drive up prices and then try to dump on unsuspecting buyers) except most of the time the chosen coin is already owned by the pump organizer and is being sold unbeknownst to the other members of the group at a profit.  example: Think of a stock broker calling you with "the buy of the century stock" at $2.00 a share when in reality the brokerage bought 500,000 shares the day before at $1.00 each. You think you are getting the deal of the century when really the brokerage is making 100% percent profit off your ignorance.

CryptoProspectors operates openly showing all buys and sells as well as our holding to our members. If we tell you to buy it, we explain why and show you how many we hold.

Does CryptoProspectors have possession of my wallet or coins at any time?


In the future can you buy the coins back from me?

Unfortunately no. To avoid being labeled an exchange or money services business, CryptoProspectors is unable to purchase coins from customers or exchange them for other coins. That said, there is nothing stopping you from selling them on the open market(various exchanges).

Should I keep a backup of my crypto wallets?

Yes! We recommend you keep a copy of your wallet.dat file on a separate secure device(usb drive, external hard drive, etc).

Where can I find the wallet.dat file?

Windows:(C drive>users>app data>roaming>coinName)
Mac:(drive>users>user>library>application support>coinName)

Our Services


CryptoProspectors provides the training needed to allow our clients to successfully enter the lucrative digital currency trading markets.
We help you setup accounts properly and guide you through the process of buying your first Bitcoin.
Familiarization with various online trading exchanges and methods for trading in and out of Bitcoin are included.
Training includes webinars, video tutorials and prepared documents.
Still have questions? No problem. We can help you via a remote computer session.


Buy low sell high. Seems simple enough right?
Trading digital currencies can be daunting and unforgiving without the proper guidance. CryptoProspectors provides its clients with the latest information on each coin including development updates.
CryptoProspectors goes so far as to show you our current holding and sends you alerts notifying you of any suggested trades.


Having issues with placing a trade or troubleshooting a wallet? No problem.

Life throws you a curve ball and you need to liquidate your positions? No Problem.

CryptoProspectors is always standing by to help our clients through any snags they may run into along the way via email, video conferencing and phone support.

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CryptoProspectors is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker or Financial Planner. The Information on the site is provided for information purposes only. The Information is not intended to be and does not constitute financial advice or any other advice, is general in nature and not specific to you.
CryptoProspectors is not responsible for any investment decision made by you. You are responsible for your own investment research and investment decisions.