So now we have learned some basics about the bitcoins and how it works. So the next step is to get some bitcoins. You can get bitcoins either by mining or buying from the other users. So today we talk about how to buy bitcoin and we will talk about mining some other day.
Bitcoin can be directly purchased from exchanges or directly from people via marketplaces. The most common way to buy bitcoin is through 3rd party apps like blockchain or coinbase. Users can use their debit or credit card to exchange their currency to bitcoin. However, use of bank cards to buy cryptocurrency depends upon the law and regulation of your country.
To buy a bitcoin first you must have a bitcoin wallet. This wallet works as a bank to store all your bitcoins. You can download various wallets for free. These different wallets have the different level of security, some works as a daily leather wallet while others have military grade security.
Main option available is
- A software-based wallet, which is stored on hard drive of your computer,
- An online web-based service, and
3.A vault service that keeps your bitcoins safe offline or multisig wallets that uses a number of keys to protect your account.
So are you ready to buy your first bitcoin? Its value is $16704.99.
Anyone thinking of buying Bitcoin or any other cryptocurrency should be very careful.
Note: This is not an investment advice.
https://steemit.com/bitcoin/@cryptosansar/what-is-bitcoin