Bitcoin is the first crypto currency of its kind, which allows you to avoid dealing with a financial intermediary, without having to do banking transactions and even without pay any fees. It has become a global, decentralized market, and it has been getting huge popularity recently. It\u2019s extremely easy to get into Bitcoin \u2013 you simply need to have Internet access.<\/p>\n
The first and foremost thing, before you are able to do any transactions with Bitcoin, is to actually by some fractions of the crypto currency. There are many ways to do that, and the most important thing is that Bitcoin is a transparent network, which offers its users complete anonymity. Nobody can tell who is behind the sending or receiving addresses in the transactions.<\/p>\n
Here are the most frequent ways to buy Bitcoin:<\/strong><\/p>\n If you are trying to purchase small fractions of Bitcoin, generally less than $2000, it is generally recommended to go to the most popular providers, such as Coinbase and Xapo. You will be able to easily purchase Bitcoin with your credit card or bank account, with a small fee of 1%. They also offer the service of storing your Bitcoin on their servers for you, like with a normal bank.<\/p>\n If you\u2019re planning on buying large amounts, you should take in consideration buying through trading exchange companies. You can benefit from much lower commission rates in this case. These changes work much like normal stock markets, with prices varying based on supply and demand, and constantly changing throughout the day. Creating an account on these websites is much like starting a bank account, where you would most probably need to provide your real name and contact information, before depositing. That is a necessary security measure, especially if you are buying in large amounts.<\/p>\n In many countries around the globe, you can also find Bitcoin ATMs. You can buy or sell Bitcoin with these services easily, just as with a normal ATM. However, beware that these usually charge a commission of up to 5-8%.<\/p>\n One of the preferred means of buying\/selling Bitcoin amongst many users is to do a direct transaction, offline, with someone who is interested to buy from you or sell. There are many websites where you can find people placing offers, such as Localbitcoins. It is extremely recommended to start purchasing small amounts in the beginning, until you\u2019re comfortable with the person you are buying from, and you trust them.<\/p>\n Last but not least \u2013 there is always the option to mine Bitcoins. You can simply install \u201cmining\u201d software on your computer, that practically converts solving complex mathematical equations to Bitcoin. It has become extremely hard for individuals to mine Bitcoin, nowadays, as large companies have taken over and the difficulty levels are much higher than they used to be.<\/p>\n It is up to each person to find the method they are most comfortable with, and that provides them with the easiest and safest way to get the currency. If you\u2019re only planning on getting a small amount, at first, we recommend to purchase through a known provider, like Coinbase. The fees are small and you have the guarantee that they are a reputable company, that will not scam you.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin is the first crypto currency of its kind, which allows you to avoid dealing with a financial intermediary, without having to do banking transactions and even without pay any fees. It has become a […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,32,64,4,2],"tags":[16,60,17],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/168"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=168"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/168\/revisions"}],"predecessor-version":[{"id":170,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/168\/revisions\/170"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/169"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}