where and how?

Created in 2009, bitcoin is a virtual currency that is used almost all over the world. Unlike traditional currencies, this virtual currency is not issued or managed by a bank. Rather, it is based on a protocol called blockchain. In most western countries, bitcoin transactions are made for investment purposes. If a few years ago, buying bitcoin required a high level of dominance, access to this virtual currency has been greatly democratized. Find out in this article the rules for a successful bitcoin purchase.

What is bitcoin?

The evolution of technology has revolutionized the uses in the world of finance with the advent of bitcoin (btc). Also called “intangible currency” or “cryptocurrency”, bitcoin allows any holder to make purchases of goods and services online or in real life. Unlike other traditional currencies used above, bitcoin is not regulated by a central bank or financial institution. In other words, it is based on a free internet sales system.

Bitcoin is mainly used as a means of payment or as a technology base. For transactions, some companies accept bitcoin. On the other hand, others only focus on the decentralized database that is at the heart of bitcoin.

Bitcoin consists of a private key and a public key. It consists of 34 alphanumeric characters. As for the private key, it consists of 54 alphanumeric characters.

Various modes allow you to acquire bitcoins. There are also advice platforms that guide you with the best information to buy bitcoins. The purchase can be made by exchanging a currency for bitcoins or by offering a good or service for sale by setting its price in bitcoin value.

How bitcoin works

The technology that underpins the bitcoin universe is the blockchain known as the blockchain system. This technology is developed by storing and transmitting data in a secure, transparent and naturally inviolable manner.

The blockchain is a distributed database that contains all the bitcoin movements made so far. They are collected in the form of blocks. These are insured during the operation phase.

Good to know – access to the blockchain is possible for anyone at any time. However, this chain can only know about modification after agreement of the majority of the network as well as its computing power. In other words, the blockchain has no flaws and is not vulnerable.

What are the reasons you can buy bitcoins?

While some traders are still reluctant to trade bitcoin, this digital currency continues to take off.

In fact, cryptocurrencies are an alternative payment method based on blockchain technology. This represents huge advantages in terms of traceability and security.

Similarly, bitcoin can serve as a safe haven during a crisis or in countries with a constantly devalued currency. Keep in mind, however, that the interest aroused by bitcoin is justified by the hope of earning capital gains quickly. It is safe to say that traders are very interested in the volatility and great advantage of bitcoin.

The reasons that can lead to investing in bitcoin acquisition are obvious, but it is important to know on which platform to buy it.

Buying Bitcoins – What’s the Best Place?

It is easy to invest in bitcoin acquisition if you have the right addresses. In fact, a good platform for buying bitcoins should not offer excessive commissions. Several sites allow you to buy bitcoins.

For example, you have:

eToro

eToro is a broker with over fifteen years of experience. It is positioned as a leader in social commerce with all the interesting features. At eToro, you have the right to copy the trade and copy the portfolio. This platform is completely safe and regulated. It offers you different tools. eToro is a serious site in accordance with current regulations.

Coinbase

Launched in 2012, this site is one of the most popular platforms for buying bitcoins. At the end of 2017, it had more than 13 million investors. This site’s cryptocurrencies are partially secured against theft.

Payment methods and storage solutions

Most online trading sites offer their investors the option to make payments by credit card or bank transfer. However, the media may differ from platform to platform. It can be payment by card, debit, PayPal, SEPA, Paysafecard, UnionPay, Neteller, Skrill, etc.

If you want to buy bitcoins, it is essential to create a wallet. The wallet here is considered an address that is presented in the form of a sequence of numbers accessible by a password. Storage is a crucial phase in ensuring the security of virtual currencies. Among the different portfolio options available to you, it is important to study the particularities of each one. We can distinguish between online, offline and desktop wallet.

How to buy bitcoins?

Some steps are essential to buying bitcoins.

You must:

• Register and open an account at an exchange site;

• Proceed to verify your identity to validate your account;

• Make a deposit of funds in euros;

• Choose bitcoin;

• Validate the purchase;

• Store bitcoin.

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