Bitcoin is a digital currency and it is not cash, so Bitcoin is printed like other popular paper money. Therefore, if you want to buy Bitcoin, you have to know how do you do it? The answer will be in the article where to buy Bitcoin.
- Where to buy Bitcoin
You can buy Bitcoin through deals or buy Bitcoin directly from other sellers in the market. Moreover, you can pay them in different ways such as direct cash payments, using a credit or debit card for wire transfers or even electronic money (cryptocurrency) depends on who sold the bitcoin to you and where you live. However, using credit or paypal to buy bitcoin is never easy, as it depends on your powers. This is because transactions can easily be “failed” with a phone call to the company providing the card to you. It is difficult to prove what kind of merchandise is traded during the Bitcoin transaction, so most sellers avoid using this method when trading Bitcoins. However in recent years in some countries, users have some other options for buying. In the United States, Coinbase, and Circle offer credit card payment options. In the UK, Bittylicious, CoinCorner and Coinbase also offer this service, accepting 3D Secure Credit and Debit Cards for Visa and MasterCard networks. Furthermore, consumers in the United States may switch to Expresscoin which have been launched in this market, accept money orders, personal checks and bank transfer.
- Bitcoin wallet
What you need now is to find a place to store Bitcoin. In the Bitcoin world, this place is called a wallet, but it’s not a normal money wallet, it’s a bank account. Bitcoin is a fairly simple way to store Bitcoins online with secure security methods depends on the level of security. You can check out xapo review to know more about Bitcoin wallet. Depending on the level of security you want, different Bitcoins will provide different levels of security. Some provide the same level of security as the daily wallet you use to buy household items, and others provide “military” level of protection. There are two main options for your choice (1) a soft wallet that is stored on your computer’s hard drive, (2) an online service, a web-based service, or (3) a “vault” service for storing or versatile electronic wallet uses the key to protect your account. You can read more at vkool
Bitcoin Wallet Vulnerabilities: If you store local Bitcoins on your computer, make sure that you back up your regular bitcoins to keep them in the wrong hard drive field, and increase the security level for the bitcoin wallet. Online to fight the hacker is from the highest (multi-factor authentication) to the lowest (ID and password).
- Bitcoin Deals and Online Bitcoin wallet
With “new members” coming to Bitcoin will find a variety of Bitcoin deals and wallets compete with their business. Some are being developed for tradesmen organizations, others are simpler bitcoin vault services with limited buying and selling capabilities. Most transactions and wallets will store your digital currency, just like regular bank accounts. Therefore, transactions and wallets are the best option if you want to engage in regular speculative transactions and transactions, without the need for anonymity and regardless of the “bureaucratic system” setting procedures involved proof of identity and provide details of the contact information. Furthermore, the best trading option also depends on where you live. At this time, the largest digital currency exchanges are Bitfinex (Hong Kong), Bitstamp (USA), BTC-e (unknown), Kraken (USA), Huobi (China and Hong Kong), OKCoin (China) and BTCC China).
Coinbase is considered the most popular trading platform and Bitcoin, which performs transactions in dollars or euros to Bitcoins. The company also has web applications and applications for mobile devices. Initially only in the US, Coinbase recently expanded its service to Europe. Circle provides users around the world where to store, send, receive and execute bitcoin transactions. Currently only US citizens can link bank accounts to deposit funds, but credit and debit cards are also an option. Apps for iOS and Android are now available. The wallet and debit card provider Bitcoin Xapo also entered the race, offering the option of converting fiat currency into Bitcoin in your account.