Buying Bitcoins – A Complete Guide to Beginners

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Bitcoin is gaining its popularity each and every day and they are highly volatile unlike traditional investments like savings accounts or purchasing property. Nowadays, people want to invest in these digital currencies and the easiest way to invest is by buying cryptocurrency.

There are various websites where you can earn or buy them in different ways and each site offers you various giveaways in the name of promotions. These days, instagram giveaway is getting famous; there you can get some bitcoins. Buying a portion or entire bitcoin will increase its value as the market varies over time.

Digital Wallet:

Investing in digital money is a simple process and is just like transferring cash. For those, who want to buy them will first need a digital wallet. Bitcoins are used to store in these wallets and each wallet has two keys namely, public and private keys. Private keys can be used to access the address of your crypto-currencies, so they must be kept secret.

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Opening an exchange account:

To start investing, you also need to register with an exchange which permits you to purchase those currencies with cash. After signing up an account, bitcoins can be bought using your credit card or bank transfer.

Once you have bought them, one can either have it transferred to your own personal wallet or keep it on the exchange. Like any other currencies, this money can be used to buy physical and digital goods and also it can be transferred across borders with no or little transaction cost.