Where and How to Buy Bitcoin
We know that purchasing bitcoin and these digital alt coin assets can be difficult. We want to bring everything into one easy space for you! It only makes sense. The how to's and whys of BTC are important to us, they have been for a long time.
It took us a while to realise we wanted to share all this important information with you. We have been buying and investing into Bitcoin, Litecoin, Ethereum for the last few years and we want to take the guess work out of your journey into this new world of finance by providing you the best relevant information.
COINBASE -This is one of the worlds major exchanges, if you want a fast easy way to buy bitcoin with you credit card, bank transfer or other options. Check out these guys! Its also exciting to note that when you buy your first $100 in bitcoin, you get $10 FREE! So sign up today and get started with investing into the future
What is Bitcoin?
Bitcoin is a type of decentralised digital currency. This is money that is not controlled by nor belonging to any central bank or government. It can be viewed as money that works similar to a file sharing program or the Internet of money.
In 2008 Bitcoin was invented and has increased to a market cap of more than $40 billion. It is estimated that currently millions of individuals all over world use Bitcoin as a currency for exchange, investment vehicle and store of wealth.
Where can my Bitcoins be stored?
Bitcoins get stored within a Bitcoin wallet. You need to have a Bitcoin wallet for managing your Bitcoins similar to needing email software for managing your emails (such as Gmail or Outlook). A Bitcoin wallet can help you store, send and receive Bitcoins.
There are many different kinds of Bitcoin wallets. Hardware wallets, web wallets, desktop wallets and mobile wallets. Wherever your wallet is installed (for example, on your mobile phone) that is were your Bitcoins are also stored.
What can Bitcoins be used for?
These days there are many different things that Bitcoins can be used for. To begin with, you can use Bitcoin for shopping online at some of the leading websites such as Dell, Microsoft, Overstock, Expedia and much more! With Bitcoin becoming more mainstream, an increasing number of businesses have adopted Bitcoin as a form of payment.
Many countries all over the world are in financial turmoil and the citizens in many cases are the ones that end up being hurt by it. Bitcoin is an increasingly viable alternative over our current banking systems as it gives you complete control of your money and not have to be used in a central bank.
Can I purchase fewer than one Bitcoin?
These days, a single Bitcoin is worth around 5,000 US dollars and is going higher. Fortunately, Bitcoins may be divided into as many as 8 decimal points, which means you can purchase 0.02 or 0.5 Bitcoins or even down to 0.00000001 Bitcoin (this is called a Satoshi and is the smallest amount of Bitcoin that is available).
A man by the name of Satoshi Nakamoto invented Bitcoin in 2009. Nobody actually knows who Satoshi Nakamoto was, however his legacy continues up to this very day. The Bitcoin protocol these days is being maintained by developers all over the world who work on updating and upgrading the open source.
The who, what, where, when and why of Bitcoin!
We believe that the blockchain will be the future of commerce. We want to give our knowledge and experience in this field to you for free where possible! We believe so heavily in the transitions we are about to make that it is in everyones best interest that the world learns how to work with these digital assets. From the Big boy BTC to Litecoin, Ethereum, Populous, Veritaseum. ICO (initial coin offerings) and more. Our guides and reviews are the best way for you to make an informed decision about how to enter into this space.
Storage and safety are also key, thats why we have gone out to review every storage and wallet there is for bitcoin! You can accept these payments for your online business, but once you do, where will you store, them, how will they be kept safe for the long term. We have taken all the guess work out for you and created this all in one comprehensive space for learning more about bitcoin! If you are looking for the best way to store Bitcoins, Ethereum ect. Make sure you check out all of our wallet reviews, online and offline, hardware, cold storage and paper!
We are so very happy to present The Arcane Bear! Our Reviews:
Where and how to buy bitcoin, Why and when it might be best to do so. Personally we wish we had started doing this when we first started learning about these very unique ideas. The blockchain will likely revolutionise the entire industry of , real estate, finance, remittances, securities and more. From the Smart contracts of Ethereum (ETH) to the currency like scalability of Litecoin (LTC) We have invested in all of them. We are on the cutting edge of a major change universally! We hope that our reviews and how to guides support you along your every step into this exciting journey of money!
Thank you so much for joining us along on our journey here with the Arcane Bear