Everyone is interested in what Bitcoin is and how it can be earned and spent. Bitcoin is the most famous and largest digital currency in the world in terms of market capitalization and market share where there is no intermediary to conduct transactions. Microsoft co-founder Bill Gates has a lot of faith in Bitcoin, “Bitcoin is a technical Tour de Force”.
According to Nobel Peace Prize nominee Leon Lowe, every informed person should know about Bitcoin at least because it has the potential to be one of the most significant advances in the world.
Anyone can buy directly from Bitcoin users through the marketplace or exchange and pay for them through hard cash, credit or debit cards, electronic wire transfers, other cryptocurrencies, PayPal and et al.
So how can one buy bitcoin?
Get a bitcoin wallet
This is the first step when buying Bitcoin because you need a place to store, receive and send your Bitcoins. Different bitcoin wallets offer different types of protection and you can choose the level of protection that works most effectively for your transaction. The most popular wallet options
Your is a wallet software on your computer’s hard drive
Web is a web-based service that is an online wallet
A multisig wallet that uses different keys to secure the account and keep your bitcoins secure and offline
The next step is to fund your Bitcoin wallet and start placing orders.
Where to buy bitcoin
LocalBitoins: – This is the primary site for arranging face to face transactions and bargaining. Its escrow service has popularized the site as it allows you to pay for Bitcoin via PayPal, cash or bank transfers, adding an extra layer of protection for buyers and sellers, including a trust score.
Oin Coinbase: – This is one of the most popular Bitcoin wallets, including one of the easiest ways to buy Bitcoin. Upon signing up, one gets a 5 bonus. It has a faithful score of A. Use your card or bank transfer to buy Bitcoin.
•WeselCrypto: – This site has high quality and it is learning friendly. It has a trusted rating of B + and you can buy Bitcoin through your PayPal account.
It Bitcoin: – This site is an initial friendliness that allows users to buy and accept payments for Bitcoins through hard currency as well as bank transfers. It has a faith rating of B.
With Bitcoins, you can buy goods anonymously; Bitcoins make cheap international payments subject to control from any country. The Bitcoin market is very volatile and more and more people are buying them in the hope of making a profit when prices rise.