Download
1 / 8
80 likes | 85 Views
If you are wondering how do I buy cryptocurrency in Canada, keep the following points in mind. First, you need to find a good exchange like Netcoins.
E N D
You have probably already heard of the most famous cryptocurrency around- Bitcoin. Cryptocurrency has taken over the world due to the transparent nature of trading that it has established. Post the success and adoption of Bitcoin, new cryptocurrencies have emerged in the market. However, one question that remains on everyone’s mind is why and how to buy bitcoin in Canada?
BEFORE WE DIVE INTO THAT, LET US TAKE A LOOK AT THE HISTORY OF BITCOIN Back in 2009, Bitcoin was established by an anonymous person or group of people known as Satoshi Nakamoto. The identity of this person remains a mystery to most. It is as they have only communicated with the rest of the world through emails or forums. One thing that has set Bitcoin apart from the existing currency is that only 21 million Bitcoins will be in circulation forever. It is unlike other notes and coins that can keep getting printed.
HAS BITCOIN BEEN ADOPTED IN PRESENT TIMES? Bitcoin has seen widespread popularity not only amongst individuals but also by companies and countries. A big company whose investment made headlines was Tesla, with a USD 1.5 billion investment in Bitcoin. Tesla also announced that people could purchase their vehicles by using Bitcoin as a means of payment. Another company that has increased the acceptance of Bitcoin is PayPal. How is Bitcoin going to shape the future? In the future, companies can choose to pay their employees with cryptocurrency. It will be especially helpful for those companies that have employees living across the world. It will also enable them to make instant transactions across borders. Another advantage is that people can view the transaction details due to the transparent nature of the trading system.
WHAT SYSTEMS WILL CRYPTOCURRENCY BRING TRANSPARENCY TO IN THE FUTURE? The beauty of cryptocurrency is that it is a transparent trading system in the hands of the common man. Keeping this in mind, it can bring transparency to areas such as crowdfunding and fundraising for noble causes. It will allow everyone to see where the donations are coming in from. It can also be used as a form of payment as well as for business equity. Instead of giving employees stock options in the future, they can be given company cryptocurrency as business equity.
WHAT DOES THIS MEAN FOR YOU, AS A CONSUMER? Now, that you are aware of the multiple benefits that come along with cryptocurrencies such as Bitcoin and its future potential, it is time for you to familiarise yourself with the cryptocurrency. It is never too early to invest your money in cryptocurrency. While the price of cryptocurrencies like Bitcoin might scare you, you must know that you do not have to buy the entire coin to trade. You can buy smaller parts of it based on the funds available at your disposal.
HERE IS HOW YOU START If you are wondering how do I buy cryptocurrency in Canada, keep the following points in mind. First, you need to find a good exchange like Netcoins. Then, you need to open an account with them and verify your details. After this is done, you can transfer money into your account and begin trading. Source Credit: https://medium.com/@netcoinscanada/how-bitcoin-will-change-the-future-f1fa164bc3d4
