So the Bitcoin wave has just hit the world hard and everyone around the globe wants to know about various ways one can invest in Bitcoin or get Bitcoin. However, although the virtual coin is being popular just recently, the trend however is pretty old and have been used by a very few people in the past. Most of the times, you may have searched on the internet typing how to get Bitcoin and it is only legit because not everyone has a proper idea of understanding how Bitcoin works, how to get them and how to spend them. Therefore, we have come up with a very short yet precise guide on how to get, use and spend them.
Take a look – 1. Getting started – Understand that Bitcoin isn’t any physical coins. They are virtual currency that can be bought through wallet. Controlling your Bitcoin doesn’t require the help of any third party company like PayPal or bank. You can control Bitcoin all your own. All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address.
There are a few ways of getting Bitcoin. One of the most popular ways is to buy them directly buying paying a certain amount of money. A few people also accept Bitcoin in exchange of goods and services – and that is another way to get Bitcoin.
2. Getting a Bitcoin wallet – There are plenty of Bitcoin wallets available for you – for your phone, desktop or your macbook. Do a little research in this regard before you use any sort of Bitcoin wallets. This is very, very important for you to remember.
3. Getting a Bitcoin – Remember that Bitcoin wallet is pretty volatile and if it may go down today, tomorrow it may rise to sky high. They are pretty unpredictable. However, there are plenty of exchanges available for you to use and get Bitcoins. But, before you choose any one of these, do not forget to do a little research.
4. Earning Bitcoin – Many people find that the best way to get Bitcoins is to accept them as payment for the products or services they already sell. Just give your customers the option to pay in Bitcoin. To make it easy, you may want to sign up for a Bitcoin merchant account which allows you to send invoices and integrate Bitcoin payments into your order pages for the most popular online shopping cart systems.