How To Buy Bitcoin : Popular Currency
Being the most popular currency, I chose to start writing about how you can buy bitcoin and by what means. First of all, let's see what bitcoin is and why it is so popular. Click over here to know about bitcoin
What Is Bitcoin?
Bitcoin is the first virtual currency to appear and the best known due to the increase in price and notoriety in the last 3-4 years.
If in 2012 bitcoin cost up to $ 10, in the winter of 2013 it had its first notable increase, reaching almost $ 1,000.
After which he suffered a sharp drop to around $ 300. Since then, bitcoin has started to grow in the eyes of investors and more and more people have started to be interested in this currency.
If you have a little understanding of what bitcoin means, consider it as money for the internet. It is mainly used for fast, secure and cheap transfers, without being mediated by a processor or an institution. At the moment, no one controls the bitcoin market ("yet" because many countries want to try to control the system).
All users are the basis of control and with their help the sale-purchase price is decided.
The coins are stored individually with the help of digital wallets: hot wallet (eg Jaxx) or cold wallet (eg Ledger Nano S ).
More and more online stores, real estate and other businesses are starting to use the bitcoin payment method.
How Can You Have Bitcoins?
If you buy them from a bitcoin exchange;
If you sell a bitcoin payment product;
If you choose the mining method;
Next I will talk about the first option, the most common and most sought after by all of us.
How Can You Buy Bitcoin?
I chose to mention below the methods by which I bought bitcoins in lei or in euro.
What you need to know for a start is that when you buy bitcoin, you will need a digital wallet.
If you invest thousands or tens of thousands of euros in virtual currencies and you want to be sure that they are safe and will never be stolen, I recommend you buy a so-called cold wallet that will protect you from cyber attacks.
Protective devices cost from 50 and can reach up to 200 euros, but it is a good cost if you invest large sums of money. At least you'll be able to sleep peacefully at night.
One such device is the Ledger Nano S from ledgerwallet.com where you can store many types of cryptocurrencies, not just bitcoins.
I chose the hot wallet version, a digital protofel that can be stored on a smartphone (android or iOS) or even on Windows or Chrome.
It's easy to use and it's free.
In the near future, I will also receive a cold wallet. The hot wallet I use is called Jaxx and you can install it whenever you want and it doesn't require a lot of technical knowledge. It's called "the best and safest digital wallet."
The interesting part is that you can store dozens of virtual coins in this digital wallet, including the ones I will talk about in this guide. It looks like this after you install it:
In the enclosed place is the bitcoin address of your digital wallet.
When you want to buy a bitcoin and want to store it in your wallet, all you have to do is use this address and when you bought a bitcoin from a platform, it can go directly into your wallet digital.