Buy Bitcoin (BTC)
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Bitcoin – And the best way to buy it.
Bitcoin is progressing remarkably well. The currency promises to deliver services that are not only safe but also effortless. At a time when the world is shifting hastily, it is certain that almost everyone would appreciate the convenience that BTC delivers.
Top Exchanges to buy bitcoin from
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Etoro
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High Risk
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Margin
Easy to get started
Exclusive
To Etoro
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Binance
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Reliable
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Good for trading
To Binance
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Plus500
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High Risk
-
Short
To Plus500
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Simple FX
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High Risk
-
Intuitive
To Simple FX
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Bitmex
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High Risk
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Possibility to short
To Bitmex
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CEX.io
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Reliable
To CEX
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Deribit
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Futures
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Reliable
To Deribit
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Changelly
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Buy With Credit Card
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Beginner Friendly
To Changelly
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Local Bitcoins
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Buy With Cash
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Trusted
To LocalBitcoins
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Coinbase
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Fiat deposits
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10€ free
To Coinbase
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Etoro
- High Risk
- Margin
Easy to get started
To EtoroExclusive
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Binance
- Reliable
- Good for trading
To Binance -
Plus500
- High Risk
- Short
To Plus500 -
Simple FX
- High Risk
- Intuitive
To Simple FX -
Bitmex
- High Risk
- Possibility to short
To Bitmex -
CEX.io
- Reliable
To CEX -
Deribit
- Futures
- Reliable
To Deribit -
Changelly
- Buy With Credit Card
- Beginner Friendly
To Changelly -
Local Bitcoins
- Buy With Cash
- Trusted
To LocalBitcoins -
Coinbase
- Fiat deposits
- 10€ free
To Coinbase
Bitcoins are mined by individuals or companies. Mining this precious digital currency can be cumbersome, especially if you do not have PC’s that possess high computing power. Besides this, you are also supposed to solve a complex mathematical puzzle in order to find a number that is combined with data in a block. If the answer is correct, the block is then added to a blockchain and in return, you get some few Bitcoins. Seems difficulty, right?
Much as it is rewarding, the process is tiresome and time-wasting. To save yourself the stress, you can opt to buy Bitcoin from reputable individuals or currency exchange platforms. The first thing that you should do is to create a BTC account so you can get an e-wallet. Basically, this is the place where the currency will be sent.
There is a wide selection of reliable web pages where you can create an account. Once you are done, you will be given a randomly created alphanumeric private and public key. The public key address is the one that you share with the people or sites from whom you are buying Bitcoins. On the other hand, the private key acts as your password and is the key that you use to authorize any transaction. Never share your private key with a second party since doing so can have your e-wallet compromised and your BTC stolen. Further, once you authorise a transaction using your private key, it cannot be reversed.
You can use your BTC to pay for various products and services either online or in physical stores that accept the currency. If you are an enthusiast of online gaming, you can use the BTC as your preferred payment option in various iGaming sites. Bitcoin is indeed set to revolutionize how present and future transactions will be carried out.