How to Buy Bitcoins

A quick comparison between cryptocurrency, gold and bitcoin

In some places, gold seems to have a more important place in the financial world. On the other hand, some people are starting to see Bitcoin as a valid method of holding our savings.

This allows us to shop and do other everyday transactions. For average users, Bitcoin and other cryptocurrencies seem to provide a suitable alternative. It’s probably a good time to compare gold to Bitcoin and Ethereum (another cryptocurrency).

People have used gold as a form of currency since millennia; while Bitcoin has only been around for a little over a decade. Although the concept has gone through a certain maturation process, gold still has a pervasive influence on the market. Bitcoin promises continuous improvements in convenience, security and functionality. Experts have compared the current state of Bitcoin to the Internet in the early to mid-1990s. Bitcoin proponents argue that almost all of the improvements associated with gold have already happened, as evidenced by the mass adoption of all kinds of physical gold bullion products from millennia ago. In fact, some company acquisitions are done using gold as currency. They simply do not believe that the government will not go into hyper inflation.

The idea of ​​gold versus bitcoin is an important argument worth setting aside. Instead of choosing one of them; many of us would prefer to use a combination of them to take advantage of the better qualities of each. In fact, we saw a coexistence between bitcoin and gold in the form of Casascius coins. This is the first case of Bitcoin and gold being collected and it won’t be the last.

Ethereum another crypto currency is at $1,549.00. It’s usually best mined with Raedon x 5 or 6 graphics cards, racked for optimal organization. Lan cables allow it to mine at high speeds to profit from power consumption.

Paper money is our solution to improve circulation, and gold is our ancestors’ solution to preserve the value of currency. Metal is less affected by inflation because it is much more expensive than paper or other cheap metals. And cryptocurrency is the new technological equipment to ensure reliability during transactions, with the timelessness and precision of a Swiss watch.

Despite the criticism, Bitcoin and other cryptocurrencies will continue to appeal to many people because of their distinct advantages, especially compared to conventional currencies such as paper money, which are inflated and often lost, spent or stolen.

It is based on instant, direct P2P (peer-to-peer) transactions to completely avoid cumbersome and expensive electronic payment systems. Over time, investors would find that Bitcoin provides an improved store of value compared to all serially printed flat currencies.

The Bitcoin protocol places a limit on the amount of Bitcoins available at one time. There will always be 21 million bitcoins and the system sometimes seems fairer than even the US dollar. With Bitcoin and other cryptocurrencies, users can gain greater financial privacy; although there are fears that the government will quietly enter the system with constant financial monitoring.

What is Bitcoin?

Answer: Bitcoin is a digital product (payment method/currency/commodity/digital gold) that was created in 2009.

Who Owns Bitcoin?

Answer: Bitcoin is a network. It is not owned by a single person or bank. The creator of Bitcoin is called Satoshi Nakamodo.

How does the value of Bitcoin grow?

Answer: There are many factors that determine the value of Bitcoin, below are the main two factors that influence its growth once it is released to the open market:

1. One factor is the usability of the coin – Bitcoin has over 250,000 merchants, the more Bitcoin is accepted and used globally, the more its value increases.

2. Supply and Demand – Only 21 million bitcoins can be generated, but demand is increasing. This has a positive effect on the value of Bitcoin. There are other factors that affect the price of Bitcoin, below I will mention a few government regulations, media influence, greater adoption, technological changes and advancements, approvals.

How does bitcoin work?

Answer: Bitcoin is an internet based currency that guarantees financial independence. Used and traded the smart way; using your smartphone or computer. It’s like having your own bank in your pocket.

Is Bitcoin the only digital product?

Answer: Bitcoin is not the first as the 700 other digital currencies have been created and are used/accepted globally. However, Bitcoin is the GOLD standard of digital products. He is the one who has the most trust. To buy another digital currency, you must first buy Bitcoin.

Can Bitcoin be converted to normal local currency?

Answer: Yes and now you can go to an ATM on site and buy Bitcoin or withdraw local currency.

What is Bitcoin Trading?

Answer: Trading simply means buying low and selling high. The same concept applies to Bitcoin trading, we have an intelligent system that monitors the Bitcoin market 24 hours a day and automatically picks up when Bitcoin goes down, then up, the system buys and sells FOR YOU on YOUR behalf. The result is that you earn healthy daily.

You get paid in BITCOINS!

What are the returns/profits on this investment?

Answer: All profits are made in Bitcoins. This expansion is through our trading operations and profits are generated daily. Based on each amount invested over a period of 8 – 12 months, the profits will be on average 70% to 90% in the form of Bitcoins. Given the fact that Bitcoin prices increase over time as demand increases, the profits in fiat currency will be even higher.

What are the benefits of telling family and friends?

Answer: We encourage our investors to share their experience with their business circle. Each referral referral will guarantee a commission of 10% of the amount invested

How will profits be paid out to investors?

Answer: Profits will be generated on a daily basis but can be shared on a weekly or monthly basis as per requirement and can be transferred to the investor’s bank account. The main winnings are in the form of bitcoins, but we will convert these winnings to fiat currency according to the market value for transfer.

A guide on how to understand Bitcoin and cryptocurrency?

Although Bitcoin is one of the most searched terms (according to Google), it is a very technical topic for many people and can get too technical for non-geeks. However, now there are hundreds of cryptocurrencies and more and more people are starting to want to learn how they work, probably driven by a distrust of bankers, which is a completely different discussion.

It’s hard to get a layman’s explanation without having to use technical terms like “secret keys”, “digital keys”, “digital wallet” and “cryptocurrency”, so I’ll do my best to keep things as simple as possible the clearest I can.

The concept of fiat money, ie. paper currency, was formulated to make it easier for people to exchange for goods or services to replace barter, as this would be limited to an exchange between two willing parties at best, while money allows you to provide your service or goods, then purchase whatever service or good you need from another or others.

This is why I would say that Bitcoin is the 21st century equivalent of barter, as it works as an exchange of goods or services directly between two willing parties. Barter had to be based on every promise and trust to provide and deliver the promised goods or services.

Today with Bitcoin or any other cryptocurrency, each party will need a unique file or unique key to exchange the agreed upon value with each other.

By having a unique key or file, it becomes easier to maintain a record of each transaction. However, this also comes with problems.

Now, barter is the simple exchange of skills or goods, as I said before, the modern equivalent, or Bitcoin is vulnerable to security breaches, ie. theft or hacking of files, this is where a “cryptocurrency wallet” comes into the equation to protect your transactions.

Basically, you need a secure location for your cryptocurrency/bitcoin purchases and holdings. This is where the need for a hardware wallet comes from.

So now, once you’ve recorded/recorded which address contains what amount of bitcoins, and then updated every time a transaction is made, the file is known as the “Blockchain” – and it keeps a record of all transactions made with bitcoin.

The next problem is to ensure that our files remain unique.

I will deal with this in my next article.

Introduction to Bitcoin

Bitcoin is an advanced form of currency that is used to buy things through online transactions. Bitcoin is not tangible, it is completely controlled and made electronically. One should be careful when contributing to Bitcoin as its price is constantly changing. Bitcoin is used for various currency exchanges, services and products. Transactions are done through a computerized wallet, so transactions are processed quickly. All such transactions have always been irreversible as the identity of the customer is not revealed. This factor makes it a bit difficult to decide on transactions through Bitcoin.

Features of Bitcoin

Bitcoin is faster: Bitcoin has the ability to arrange installments faster than any other mode. Usually, when transferring cash from one side of the world to the other, it takes a bank a few days to complete the transaction, but in the case of Bitcoin, it only takes a few minutes. This is one of the reasons why people use bitcoins for various online transactions.

Bitcoin is easy to set up: Bitcoin transactions are done through an address that each customer owns. This address can be set easily without going through any of the procedures the bank takes while creating a record. Address creation can be done without any changes or credit checks or inquiries. However, any customer who wants to consider contributing should always check the current price of Bitcoins.

Bitcoin is anonymous: Unlike banks, which keep a complete record of their customers’ transactions, Bitcoin does not. It does not monitor customers’ financial records, contact details or other relevant information. A Bitcoin wallet usually does not require significant data to operate. This feature raises two points of view: first, people think it’s a good way to keep their data away from a third party, and second, people think it can trigger dangerous activity.

Bitcoin cannot be rejected: When someone sends Bitcoin to someone, there is usually no way to get the Bitcoin back unless the recipient feels the need to return them. This feature ensures that the transaction will be completed, meaning that the beneficiary cannot claim that they never received the money.

Bitcoin is decentralized: One of the main characteristics of Bitcoin is that it is not under the control of a specific administrative expert. It is administered in such a way that every business, individual and machine involved in exchange verification and mining is part of the system. Even if part of the system goes down, money transfers continue.

Bitcoin is transparent: Although only an address is used to make transactions, every Bitcoin exchange is recorded on the Blockchain. That way, if someone’s address has ever been used, they can tell how much money is in the wallet through Blockchain records. There are ways one can increase the security of their wallets.

Cloud mining allows you to access the capacity of the data processing center and get cryptocurrencies without the need to buy the right hardware, software, spend money on electricity, maintenance, etc. The essence of cloud mining is that it allows users to purchase the processing power of remote data centers.

The entire process of producing cryptocoins is done in the cloud, which makes cloud mining very useful for those who do not understand all the technical aspects of the process and do not want to manage their own software or hardware. If electricity is expensive where you live – for example in Germany – then outsource the mining process to a country where electricity is cheaper, such as the US.

Types of Bitcoin Cloud Mining:

There are currently three ways to mine the cloud:

1. Lease Mining. Provider hosted miner rental.

2. Virtually hosted mining. Creating a virtual private server and installing your mining software.

3. Renting out hash power. Renting a certain amount of hash power without having any dedicated physical or virtual equipment. (This is the most popular cloud mining method).

What are the advantages of Bitcoin cloud mining?

– Does not handle excess heat generated by machines.

– Avoiding the constant hum of fans.

– You don’t have to pay electricity.

– Not to sell your mining equipment when it is no longer profitable.

– There are no problems with the ventilation of the equipment, which usually heats up a lot.

– Avoiding possible delays in hardware delivery.

What are the disadvantages of Bitcoin cloud mining?

– Possibility of fraud,

– Bitcoin transactions cannot be verified

– Unless you want to build your own bitcoin hash systems, it can be boring.

– Lower Profits – Bitcoin cloud mining services incur costs.

– Bitcoin mining contracts may allow operations or payments to be suspended if the price of Bitcoin is too low.

– You cannot change the mining software.

Cloud Mining Risk:

The risk of fraud and mismanagement is prevalent in the world of cloud mining. Investors should only invest if they are comfortable with these risks – as the saying goes, “never invest more than you’re willing to lose.” Research social networks, talk to old customers and ask all the questions you think are appropriate before investing.

Is cloud mining profitable?

The answer to this question depends on some factors that affect the return on investment. Price is the most obvious factor. The service charge covers electricity, accommodation and equipment costs. On the other hand, the reputation and reliability of the company is a determining factor due to the prevalence of fraud and bankruptcies.

Finally, returns depend on factors that no company can predict or control: just remember the high volatility of Bitcoin over the past three years. When buying a mining contract, it is better to accept a constant price for Bitcoin, because your other alternative is to buy Bitcoins and wait for the price to rise. Another important factor is the capacity of the entire network, which depends on the number of operations per second. Power has increased exponentially in the last few years. Its growth will continue to rely on the value of Bitcoin and innovation in the development of integrated circuits for certain applications.

What is Bitcoin?

If you’re here, then you’ve heard of Bitcoin. It has been one of the most frequent news headlines in the last year or more – as a get-rich-quick scheme, the end of finance, the birth of a truly international currency, as the end of the world, or as technology that has improved the world. But what is Bitcoin?

In short, it can be said that Bitcoin is the first decentralized money system used for online transactions, but it will probably be useful to dig a little deeper.

We all know in general what “money” is and what it is used for. The most important problem seen with the use of money before Bitcoin was that it was centralized and controlled by one entity – the centralized banking system. Bitcoin was invented in 2008/2009 by an unknown creator who goes by the pseudonym “Satoshi Nakamoto” to bring decentralization of money on a global scale. The idea is that currency can be traded across international lines without hassles or fees, checks and balances will be distributed across the globe (not just on the ledgers of private corporations or governments), and money will become more democratic and equally accessible for everyone.

How did bitcoin start?

The concept of Bitcoin and cryptocurrency in general was started in 2009 by Satoshi, an unknown researcher. The reason for its invention was to solve the problem of centralization in the use of money that relied on banks and computers, a problem that many computer scientists were not happy with. Attempts to achieve decentralization have been made since the late 1990s without success, so when Satoshi published a paper in 2008 proposing a solution, it was widely applauded. Today, Bitcoin has become a familiar currency for Internet users and has given rise to thousands of “altcoins” (cryptocurrencies other than Bitcoin).

How is bitcoin made?

Bitcoin is made through a process called mining. Just as paper money is made by printing and gold is mined from the ground, Bitcoins are created by “mining”. Mining involves solving complex mathematical problems regarding blocks using computers and adding them to a public ledger. When it started, a simple CPU (like the one in your home computer) was all you needed to mine, but the difficulty level has increased significantly and now you’ll need specialized hardware, including a high-end graphics processing unit (GPU), to mine Bitcoin.

How do I invest?

First, you need to open an account on a trading platform and create a wallet; you can find some examples by Googling “bitcoin trading platform” – they usually have names including “coin” or “market”. After joining one of these platforms, click on assets and then click on crypto to select your desired currencies. There are many indicators in every platform that are quite important and you should make sure you monitor them before investing.

Just buy and hold

Although mining is the safest and in some ways the easiest way to earn bitcoins, there is too much effort involved, and the cost of electricity and specialized computer hardware makes it out of reach for most of us. To avoid all this, make it easy on yourself, directly enter the amount you want from your bank and click ‘buy’, then sit back and watch your investment grow as the price changes. This is called an exchange and is done on many exchange platforms available today, with the ability to trade between many different fiat currencies (USD, AUD, GBP, etc.) and different crypto coins (Bitcoin, Ethereum, Litecoin, etc.). n.).

Bitcoin trading

If you are familiar with stocks, bonds or Forex exchanges, then you will easily understand crypto trading. There are bitcoin brokers such as e-social trading, FXTM markets.com and many more to choose from. The platforms provide you with Bitcoin-Fiat or Fiat-Bitcoin currency pairs, for example BTC-USD means trading Bitcoin for US Dollars. Track price changes to find the perfect pair according to price changes; platforms provide price along with other indicators to give you relevant trading advice.

Bitcoin as a stock

There are also organizations created to allow you to buy shares in companies that invest in bitcoins – these companies do reverse trading, and you just invest in them and wait for your monthly income. These companies simply pool digital money from different investors and invest on their behalf.

Why should you invest in Bitcoin?

As you can see, investing in Bitcoin requires you to have some basic knowledge of the currency as explained above. As with all investments, there is risk involved! Whether to invest or not is entirely up to the individual. However, if I had to give advice, I would advise investing in Bitcoin for the reason that Bitcoin continues to grow – although there has been one significant boom and bust period, it is very likely that cryptocurrencies as a whole will continue to experience an increase in value in the next 10 years. Bitcoin is the biggest and best known of all the current cryptocurrencies, so it’s a good place to start and the safest bet right now. Although volatile in the short term, I suspect you will find that trading Bitcoin is more profitable than most other ventures.

Bitcoin is a type of digital currency based on the peer-to-peer network. It was introduced in 2009. What makes this type of currency different from the usual currency in use is that it is not centralized or dependent on a bank or government authority. However, Bitcoin offers many advantages. For example, it involves lower transaction fees than conventional payment mechanisms. Let’s take a look at 4 benefits you can enjoy if you invest in Bitcoin. Read on to learn more.

Multiple uses

In the beginning, Bitcoin users used the currency to make routine financial transactions without paying many fees. Since then, the currency has been used for many other purposes.

In fact, Bitcoin uses blockchain technology to facilitate digital transactions. Therefore, all transactions are verified and validated first. Moreover, all transactions can be viewed online through the database available on the blockchain site.

Additionally, Bitcoins can be used to digitally trade securities for land ownership, insurance claims, etc. However, it is important to note that these uses are in the developmental stage. Therefore, they have not yet become part of the mainstream.

However, the currency is quite successful. Hence, it brought a revolution to the entire industry. According to many researchers, the value of Bitcoin will continue to grow in the future. That’s why it’s a great idea to invest in BTC if you want to earn a big return on your investment.

Expected earnings

First of all, it is important to note that the potential gain is higher than the potential loss when it comes to investing money in Bitcoins. According to many crypto analysts, Bitcoin will become an international currency in the future. In other words, the chances of losing money are lower than the chances of making a significant profit. So it is somewhat of a safe investment.

If this happens, it will give a boost to world trade. As a result, the value of one bitcoin will increase by 20,000 times its current value. However, this can only happen if this currency is recognized as a valid currency for domestic and international trade.

Interest on your investment

Because bitcoins are accepted as a type of commodity money, you can invest your bitcoins just like you would invest money in any business using traditional fiat money. Therefore, you can also earn interest on the invested money. Also, you can sell your bitcoins once their value increases.

Easy access

The interesting thing is that you don’t have to hold your bitcoins for a long time to make any profit. Based on how much money people transfer to the Bitcoin network, you can also earn a profit in a short period of time.

In short, it’s a great idea to invest in Bitcoin in 2019. Just make sure you follow the latest developments to grab the opportunities available.

By now you’ve probably heard of Bitcoin – there are stories of people making thousands of dollars overnight with this and other cryptocurrencies.

Like any new speculative investment, there is an element of risk. That’s why starting with free $10 Bitcoin is a good way to try it out and start learning how it all works. I myself am still new to all this and came across this process during my research. It helped me so I thought I’d share it with you.

The first things you need to know about buying Bitcoin is that there are a few basic ways to buy it and it’s not that complicated to do.

The main two ways to buy bitcoins are through a broker or through an exchange. Check out the Coinbase exchange – they are one of the largest exchanges, have a clean and easy to understand interface, are accessible from apps on various mobile and desktop platforms, and offer you $10 in free bitcoins to get you started. There are other exchanges I’ve tried that work well – BTCMarkets and Coinspot to name a few that are good – but only Coinbase has a $10 starting bonus.

Additional benefits of Coinbase are that it works locally in multiple currencies – if you’re in Australia, for example, all your data will be displayed in Australian dollars, so you don’t have to be on the lookout for exchange rates and the like.

It’s also worth mentioning that Bitcoin isn’t the only cryptocurrency that Coinbase works with – you can also buy Etherium (ETH), Bitcoin Cash (BCH) or LiteCoin (LTC) – whatever currency you decide to use, yet you can get $10 of free bitcoins.

Without further ado, here it is – how you get your free $10 Bitcoins:

1) Sign up with Coinbase (the link at the bottom of this article will make you eligible for the $10 bonus)

2) Complete the account setup process, including verifying your email address, phone number and uploading proof of your identity (driver’s license, passport or other photo ID – this can be done by taking a photo with your phone)

3) Enter your credit card details and verify the card by reviewing the transactions that Coinbase will add to your internet banking statement (this is instant and you are not charged)

4) Place an order for $100 worth of Bitcoin, Ethereum – whatever – in your already activated account. If your local currency is not USD, you will need to ensure that you have ordered the equivalent of US$100

*** IMPORTANT TO NOTE: All Bitcoin purchases incur a fee and Coinbase is no different. At mostthe fee for your initial purchase of $100 should be around $4 ***

5) That’s it! In a few days, $10 worth of Bitcoins will show up in your Coinbase account – even when you deduct the purchase fee, you’ll still be ahead.

So if you’re curious about Bitcoin, want to dip your toes risk-free, and want to get some free cash (!) in the process, give this a try. The Bitcoin bonus will more than cover your fees for that first deposit and can help you learn what it’s all about.

Do they sound good?

Some final notes:

• This process will only work if you are a new Coinbase customer. If you already have an account, you will not receive the free credit

• You can get the free $10 only if you sign up using the link below.

• The above offer is limited in time – once you create your account via the link, you have 180 days where you can make a US$100 Bitcoin, Litecoin or Ethereum purchase and still get a $10 credit.

I hope you have a prosperous and happy future with Bitcoin and take advantage of the free $10. Free money doesn’t come along every day, and at the rate Bitcoin has been growing lately, $10 can multiply pretty quickly! My plan is to just sit at $110 dollars for a while, see what happens and feel the ups and downs of Bitcoin. Let’s see how we go.

Bitcoin is known as the first decentralized digital currency, they are basically coins that can be sent over the internet. 2009 was the year Bitcoin was born. The creator’s name is unknown, but the pseudonym Satoshi Nakamoto is given to this person.

Advantages of Bitcoin.

Bitcoin transactions are done directly from person to person over the internet. There is no need for a bank or clearing house to act as an intermediary. Thanks to this, transaction fees are much lower, they can be used in all countries of the world. Bitcoin accounts cannot be frozen, there are no prerequisites for opening them, and no restrictions. Every day more and more merchants are starting to accept them. With them you can buy anything you want.

How Bitcoin Works.

It is possible to exchange dollars, euros or other currencies into bitcoins. You can buy and sell like any other country’s currency. To keep your bitcoins, you need to store them in something called wallets. These wallets reside on your computer, mobile device, or on third-party websites. Sending bitcoins is very simple. It’s as simple as sending an email. You can buy practically anything with bitcoins.

Why Bitcoin?

Bitcoin can be used anonymously to buy any kind of goods. International payments are extremely easy and very cheap. The reason for this is that Bitcoins are not actually tied to any country. They are not subject to any regulation. Small businesses like them because there are no credit card fees involved. There are people who buy bitcoins just for the purpose of investment, expecting them to increase in value.

Ways to acquire bitcoins.

1) Buy on an exchange: People are allowed to buy or sell bitcoins from sites called bitcoin exchanges. They do this by using their countries’ currencies or any other currency they have or like.

2) Transfers: People can simply send bitcoins to each other through their mobile phones, computers or through online platforms. It’s the same as sending cash digitally.

3) Mining: the network is protected by some individuals called miners. They are rewarded regularly for all newly confirmed transactions. These transactions are fully verified and then recorded in what is known as a public transparent ledger. These people compete to mine these bitcoins by using computer hardware to solve difficult math problems. Miners invest a lot of money in hardware. Nowadays there is something called cloud mining. Using cloud mining, miners simply invest money in third-party websites, these sites provide all the necessary infrastructure, reducing hardware costs and energy consumption.

Storing and Saving Bitcoins.

These bitcoins are stored in so-called digital wallets. These wallets exist in the cloud or on people’s computers. A wallet is something like a virtual bank account. These wallets allow people to send or receive bitcoins, pay for things, or simply save the bitcoins. Unlike bank accounts, these Bitcoin wallets are never insured by the FDIC.

Types of wallets.

1) Cloud Wallet: The advantage of having a cloud wallet is that people don’t need to install software on their computers and wait for long syncing processes. The downside is that the cloud can be hacked and people can lose their bitcoins. However, these sites are very secure.

2) Computer wallet: the advantage of having a computer wallet is that people keep their bitcoins safe from the rest of the internet. The downside is that people can delete them by formatting the computer or due to viruses.

Bitcoin Anonymity.

When making a Bitcoin transaction, you do not need to provide the person’s real name. Every single Bitcoin transaction is recorded and is what is known as a public ledger. This log only contains wallet IDs, not people’s names. so basically every transaction is private. People can buy and sell things without being tracked.

Bitcoin innovation.

Bitcoin created a whole new way to innovate. Bitcoin software is open source, which means anyone can review it. Today’s fact is that Bitcoin is transforming the world’s finances, similar to how the web changed everything about publishing. The concept is brilliant. When everyone has access to the entire Bitcoin global market, new ideas emerge. The reduction of transaction fees is a fact of Bitcoin. Accepting bitcoins is worth everything, plus they are very easy to set up. Fee refunds do not exist. The Bitcoin community will generate additional businesses of all kinds.

Well, as with almost anything else in life – if not everything – you have to buy it before you can invest in it. Investing in Bitcoin can be very challenging and that is if you don’t have a step set in front of you.

First you need to know that Bitcoin is a type of cryptocurrency, one of the first digital currencies that was invented, designed and developed by Satoshi Nakamoto and released to the public in 2009.

And from there, updates as well as improvements are made by a network of very experienced developers and the platform is partially funded by the Bitcoin Foundation.

Since bitcoins have become a hot topic of interest and many people are investing in them, there is nothing wrong if you also get a little digital wealth. It is interesting to note that in 2012, Bitcoin firms only managed to raise $2.2 million.

Despite falling prices this year, the cryptocurrency continues to see growth among both consumers and merchants who accept it as payment.

So how can you be a part of the action? Investing in Bitcoin can be easy for the average Joe if he just buys straight.

Buying it today is made easy with many businesses in the United States and everywhere involved in the business of buying and selling.

For US investors, the easiest solution is Coin Base, which is a company that sells BTC to people at a premium, which is usually about 1% above the current market price.

If you want a traditional exchange, Bit Stamp might be a better option as you will be trading users not only with the company but also with the users.

The company acts only as an intermediary. Liquidity is higher and you can almost always find another person to take the other side of your trade.

Fees start at 0.5% and go up to 0.2% if you’ve traded over $150,000 in the last 30 days. All of them are already investment vehicles in their own way, because the more BTC you buy, the more profit you will accumulate if you decide to store them or resell them to other traditional buyers at a higher price than what you bought with real companies.

You can also buy bitcoins in another way other than an exchange. One of the most popular routes to so much offline is Local Bitcoins, which is a website that connects you with potential buyers and sellers. Upon purchase, the coins are locked by the seller in escrow, from where they can only be released to buyers.

But buying bitcoins offline should be done with some extra precautions that are always common, just like you would when meeting a stranger. Meet during the day in a public place and if possible bring a friend.

Bitcoin is the hottest thing online right now. Investors and venture capital firms are betting it’s here to stay. There are many ways for the average Joe to invest and buy Bitcoins.

In the US, the most popular avenues are Coin Base, Bit Stamp and Local Bitcoins. Each has its advantages and disadvantages, so do your research to find the one that’s right for you.