 |
| Bitcoin |
How to get bitcoin
In the past 20 years and over $1 billion worth of cryptocurrencies has passed through our hands, however, this is something new that takes us a bit back in time as it is the first digital currency to ever be created by humanity. Like every other invention or discovery, you have to decide how you want to use it. On this guide I will talk about how to take bitcoin, I will discuss why we need it and also give you advice on where to buy bitcoin.
Why Do We Need Bitcoins?
The internet is flooded with people asking questions like “Why do I need bitcoins?”, “ where can I buy bitcoins?” etc. This makes me think why is it even necessary for bitcoins to exist and why they are so important? Let’s look at some points.
1) It was used to track illegal activities through an alternative means of communication.
2) They are extremely rare and scarce which made them rarer.
3) The only reason to store bitcoins was in case of fraud or theft which they didn’t really have.
4) It gave access to almost infinite amount of information and information is what allowed for the creation of blockchains which we now call crypto coins.
5) Anyone involved could protect themselves from malicious people who would try to steal their bitcoins for themselves or use them for nefarious purposes.
6) Bitcoin allowed for the exchange of value between two different currencies without any middleman such as banks.
7) Many people are unaware of what it does and the fact that there are many transactions being processed every second.
8) Once again this shows just how big of an impact bitcoin has on the world and the way everyday people live.
9) The technology has never stopped improving. Even after all these years it still keeps getting faster and easier to make money online using bitcoin.
10) Since bitcoins were created there has never been another alternative that had so many advantages over what bitcoin was before their creation.
11) There was no inflation to help out people who weren’t able to pay for everything they needed. Not only did bitcoin not go away but it gave the opportunity for everyone to get more than one coin which made it harder for someone to make multiple transactions if there was no inflation.
12) You can trust bitcoin. All you need to do is send them some bitcoin and wait for them to become safe and protected from hackers.
13) Because of bitcoin users have no idea when they can withdraw their bitcoins and they don’t know how much it will go down until it goes up. If the price changes then you could lose all your Bitcoins at once or they’re gone for good.
14) They’re actually very easy to get. Most transactions being processed within seconds and a minimum withdrawal being required. And since bitcoin is based on proof of work there is no paper trail needed for them to be safe and protected. Just send bitcoin to the person and say I’m going to go ahead and make some payment and I will receive my bitcoins in return. There are no other forms of payments but bitcoin is more flexible and easy to use.
15) If the bitcoin gets stolen you will actually be notified in real life which was unheard of in most other cases of cybercrime. This gives everyone a chance to defend themselves and get their money back which you wouldn’t expect from a bank or any other form of payment.
16) So how do you buy bitcoin?
Forget all of those myths and start trading with bitcoins and learn the basics and the ways to earn passive income. It may seem hard to believe, however, it feels right now. Everyone seems too busy working, trying to do their jobs and looking for new opportunities to spend their free time instead of spending it wisely. However, bitcoin could be your best bet.
Where to Buy Crypto
There are hundreds of places to buy blockchain coins and the easiest of these would be Coinbase.
Coinbase is currently the biggest and largest cryptocurrency exchange that is available both online and in-store which is why they have millions of registered clients. They have got the fastest security of any exchange when they compare prices. When you buy bitcoin you can put money into fiat with 0 fees by exchanging the BTC for thousands of dollars. When it comes to paying for bitcoins Coinbase offers debit cards, loans and more. But you still need to spend some bitcoins as they require you to invest and hold the coins for future transactions.
Coinbase allows you to trade your bitcoins with over 3200+ cryptocurrencies, 70% of which are already listed. Although, they will soon add Ethereum and Ripple, which will make the experience more interesting and lucrative.
The next spot you can trade cryptocurrency is Kraken. Kraken is owned by Bitmaines and is operated out of San Francisco and Miami. However, its reputation was ruined because of their bad dealings with Antivirus Labs and Gemini. Nowadays Kraken is known to be one of the top exchanges with over 30 million registered members.
XMR is owned by Chinese company Tencent. According to Forbes its average daily user base is around 2.77 billion, making it the third largest exchange and its number of registered users is 2.23 billion. XMR holds close to 50.1% of all coins, making it the fourth largest exchange.
How Much Does Bitcoin Cost?
There are various types of bitcoin wallets that can be used to safely store bitcoins. Usually you need a bitcoin wallet that has a cold storage compartment that has a secure file system, and it must have a physical box for storing bitcoin. Some wallets allow a USB cable connected to your computer. Others have a built-in mining machine for processing bitcoins. These are usually less expensive than others. Different companies provide different costs for the type of hardware they use, therefore, it’s always important to do some research and find out if they will be suitable for you.
0 Comments