Looking for a Bitcoin Buying Guide? Wondering where to start? People have a lot of misconceptions about bitcoin - the very first widely known and accepted cryptocurrency worldwide.
A lot of people think for example that only hackers and dark web wallet people use it. However bitcoin is actually going mainstream with everyone from TigerDirect to Expedia.com to Dell and even Subway accepting payments in bitcoin now.
Why so popular?
Well, bitcoin has a lot of benefits over other currencies. For example, you can send bitcoins to someone as payment without having to go through the bank middleman (and get hit with extra fees). It's also much faster than sending money via a bank wire or transfer. You can send bitcoins to someone and have them receiving the coins in seconds.
With all of this, it's no surprise that many people are now trying to buy bitcoin for the first time. However it's not as easy as going to your bank and withdrawing bitcoins - or going to a store and plunking down some hard-earned cash for bitcoin.
The system works a bit differently than that. This Bitcoin Buying Guide will go over a few things you need to know before you buy - so you can buy safely and securely.
First of all, while the price might be over $2000 us per coin, you don't have to buy an entire bitcoin. Most places will let you buy portions of a bitcoin for as little as $20. So you can start off small and go from there as you get more comfortable with the way things work.
Secondly, this article is for general purposes only and not to be taken as financial advice. Bitcoin can be risky and before making any purchase you should consult with your financial advisor to see if it's right for you.
A lot of people think for example that only hackers and dark web wallet people use it. However bitcoin is actually going mainstream with everyone from TigerDirect to Expedia.com to Dell and even Subway accepting payments in bitcoin now.
Why so popular?
Well, bitcoin has a lot of benefits over other currencies. For example, you can send bitcoins to someone as payment without having to go through the bank middleman (and get hit with extra fees). It's also much faster than sending money via a bank wire or transfer. You can send bitcoins to someone and have them receiving the coins in seconds.
With all of this, it's no surprise that many people are now trying to buy bitcoin for the first time. However it's not as easy as going to your bank and withdrawing bitcoins - or going to a store and plunking down some hard-earned cash for bitcoin.
The system works a bit differently than that. This Bitcoin Buying Guide will go over a few things you need to know before you buy - so you can buy safely and securely.
First of all, while the price might be over $2000 us per coin, you don't have to buy an entire bitcoin. Most places will let you buy portions of a bitcoin for as little as $20. So you can start off small and go from there as you get more comfortable with the way things work.
Secondly, this article is for general purposes only and not to be taken as financial advice. Bitcoin can be risky and before making any purchase you should consult with your financial advisor to see if it's right for you.
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