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An Introduction Guide to Bitcoin

An Introduction Guide to Bitcoin

Bitcoin is among the top cryptocurrencies which have gained popularity due to the many benefits associated with them. For instance, use of cryptocurrency allows international payments without the need to carry out currency conversion. The transactions are carried out in a secure platform which avoids incidences where users can be exposed to cases of identity fraud.

There are three main ways of accessing bitcoins. You can decide to mine the bitcoins where you will have to go through the verification of blocks of transactions. The second option you can employ to access the bitcoins include receiving payments in the form of bitcoins online. There are several online sites where you can do work and get paid in cryptocoins.

You can sell products as well as services online to access the cryptocurrencies. The third method you can employ to access the cryptocoins is to buy the bitcoins.

How to Buy Bitcoins Online

There are several steps involved if you want to buy bitcoins online. Here are some of the steps you need to take to buy your crypto coins online:

Find Online Sellers of Bitcoins

The first step you need to take is to locate an online marketplace where you can buy the cryptocoins.  You will have to carry out research in order to locate the best sellers. Some sites are known to expose people to fraud, hence it is necessary to carry out due diligence so that you will know the best site.

My recommendation is Xcoins is among the best places you can find. The platform has several features which make it stand out. You will not have to wait before you can find a match where you can buy the bitcoins.   The automated system works very fast. Payment is accepted through several methods. The bitcoins are transferred immediately when you make your payment. All users are protected against fraud due to the verification methods employed. That is my opinion, be sure and due your own due diligence though to be sure.

Set up a Bitcoin Wallet

After you have located the right website to purchase the bitcoins, you will have to set up a bitcoin wallet where you can receive the cryptocoins. The setup process is easy. You can use the free software available online to set up a wallet on your computer or go for the cloud based wallet where you will sign up and you will be sent the details. There are simple details you need to provide so that you can set up the wallet. 

Make Payment 

You will have to make payment before you can receive the equivalent amount in terms of bitcoins. There are several online payment methods which are accepted. You can decide to use PayPal or use your credit card. It is necessary to ensure you have enough funds to allow you to buy enough bitcoins to serve your given needs.

 

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