Trading or selling activities Bitcoin has now become one of the preferred investment methods by communities around the world. The price of the Bitcoin kept soaring, plus user Bitcoin which always increases, making the business fields becomes Bitcoin is very seductive.
Along with the bitcoin gained popularity, there is still one of the biggest obstacles in the early use of in buying your first bitcoin. Since becoming something common, many services that appear all over the place so as to provide an opportunity for many people to try bitcoin, though only to treat curiosity.
In the next few sections, we’ll discuss how to choose a wallet bitcoin, how do I buy a bitcoin online, and how do I buy a bitcoin locally. But, first we have to discuss some of the important things about bitcoin. Institutions of the bitcoin in bitcoin.org, outlines the first step for those who want to know like inform yourself.
This piece is actually one of the most important things, because of the bitcoin don’t act like PayPal or a credit card, you can’t just call your bank and tell them that Your bitcoin wallet has been stolen or you Send Your bitcoin address wrong.
First Step: Inform Yourself
One major attraction for bitcoin as a currency is anonymity. The identity of the person sending or receiving the transaction is simply the address of the bitcoin them with strings that look random around 34 characters.
After you send or accept bitcoin, such transactions are sent to the block chain for verifying and noted in the great book that is distributed to the entire network of bitcoin.
To give incentive to the computer that does the ‘ mining ‘, or a constant stream of transaction processing, small charged miners for each ‘ block ‘ they write down on the block chain.
Usually most of the cost of the miners is skipped and users use fixed cost miners, however, increasing costs of miners will make your transaction a priority compared to other transactions. Buy online bitcoin can be done without a name so that almost everyone can have access to this digital currency.
Step Two: Choose Your Wallet
With the explanation above, you need to switch to the step 2: choose your wallet. Where will you choose to buy online or local bitcoin, you will need to have a bitcoin wallet. Much of his choice once, you can easily find it in the Apple Store or Google Play and choose from a wide range of wallets using your smartphone.
If you want a purse that you can access from anywhere via the web, try an online wallet. Some sources such as, Coinbase and Circle, offers a place to buy and store Your bitcoin, wrapped into one easy to use service. Bitcoin wallet where there are and if you prefer to access Your bitcoin, enough to click a couple of times, even when offline.
Step Three: Buy Your First Bitcoin
Once you have chosen your wallet, it’s time to move on to step 3: buy a Bitcoin. In the United States, Know Your Customer (KYC) and anti-money Laundering (AML) laws, recently require that you submit identity when buying bitcoin and identity You will be verified before you make your first transaction.
If you live outside the United States, you may or may not be subject to laws that are similar, so do your own research about the laws in your jurisdiction.
The process for obtaining certification in Coinbase and Circle, namely two big companies that fund the activities of the bitcoin in the United States, relatively fast (just a few days) and because it brought Coinbase and Circle became a popular choice for buy bitcoin online.
Coinbase and Circle, both of which support the purchase with a debit card or your bank account, and the Coinbase recently have added a method of payment with Visa and MasterCard Credit Cards, although limiting the fraudulent activity, this method has daily and weekly limits are lower.
What can be purchased with Your Bitcoin?
So, now you have a bitcoin, what would you do with bitcoin? First of all you can check your favorite website if the website receives a bitcoin. Many web sites that accept bitcoin as payment method and the numbers continue to grow every day.
In brief, there are many places that you can use to make purchases with bitcoin. You can buy a new computer from Newegg.com, book plane tickets at CheapAir.com, or at coinmap.org, a handy map to see the physical location that accepts bitcoin and find something near you.