What is Bitcoin?
Decentralized Bitcoin, peer to peer, digital currency system, is designed to provide online users the ability to process transactions through a digital exchange unit known as Bitcoin. In other words, it is a virtual currency.
The Bitcoin system was made in 2009 by a programmer that was not disclosed. Since then, Bitcoin has collected great attention and controversy as an alternative US dollar, euro and commodity currency such as gold and silver.
Rise to Popularity
Bitcoin has not received much attention in the business world and finance before 2009. It rose to stand out in the period 2011-2012 when obtaining more than 300%. Bitcoin has grown 400% in its value since August last year. As a result, venture capital companies and investors throughout the world continue to pay their interests in Cryptocurrency.
In the first half of 2014, the venture capital company invested $ 57 million in Bitcoin in the first quarter, followed by another $ 73 million in the second quarter of a total of $ 130 million, which was 50% greater than a total of $ 88 million last year. This is a complete contrast with the scenario in 2012 where the Bitcoin company collects a relatively small amount of $ 2.2 million.
These statistics are proven without a doubt that Bitcoin is worthy of your investment, which asks questions, how can you buy and invest in Bitcoin?
Guidelines for beginner investors in Bitcoin
The easiest and most uncomplicated method for investing in Bitcoin is to buy Bitcoin. There are many established companies, especially in the US and abroad, involved in buying business and selling Bitcoin, abbreviated as BTC.
If you live in a.s. Then coinbase is the place you are looking for. Coinbase provides its clients with BTC with an estimated 1% sign of existing market prices. Residents of the United States have options to synchronize their coinbase wallets with their bank accounts. As a result, the transfer of payment in the future is made free. The company also gives you automatic Bitcoin purchase options from time to time. For example, if you are interested in buying $ 50 in Bitcoin at the beginning of each month, Coinbase allows you to arrange automatic purchases for that amount.
Be careful with terms and conditions before you start using this service. If you have subscribed to automatic coin service, then you will not be able to control prices where BTC is purchased every month. Note that coinbase does not function as Bitcoin Exchange i.e. You buy and sell coins directly from the company. Because companies must look for coins from other buyers, you can face delays or interference while making orders during the market movement quickly.
Bitstamp is in accordance with conventional bitcoin exchange requirements. Bitcoin acts as an intermediary that allows you to trade with other users and not the company itself. Here the liquidity is higher and you always have a good chance to find someone who is willing to trade with you. There is a 0.5% initial fee that can be reduced to 0.2% if you trade $ 150,000 in a period of 30 days.
Alternative ways to buy Bitcoin
Exchange is not the only investment method in Bitcoin. Local bitcoin is often used to buy BTC offline. This website is designed to connect potential buyers and sellers. Bitcoin is a locker from the seller in Escrow and can only be released to the buyer.