Category : Buy Bitcoin

Bitcoin Buy Bitcoin Exchange Resources

How to buy and sell Bitcoins?

How to buy and sell Bitcoins

Bitcoin is a digital currency, and its use is increasing in the digital world day by day. Many web services are buying and selling using Bitcoins and using it to pay for a variety of goods and services. This is similar to the routine paper money, except for the difference that this is digitalized while paper money is not. Although there are physical forms of bitcoin also present, mainly it is used in digital transactions and stuff. It is traded online, peer to peer or by another wallet means.

Dealing with Bitcoins is primary and essential because in some cases Bitcoins are the only means of payment and are necessary to complete a transaction.

LocalBitcoins.com-How to buy and sell Bitcoins

How to Lay your hands-on Bitcoins:

You can acquire bitcoins by purchasing them form the people who already have them or by Mining.

What is mining:

Mining means running and solving a complex and challenging mathematical equation, at the end of which you will receive a few bitcoins. Mining uses up the computer power to generate bitcoins instead of your actual cash but gives little results.

Buying Bitcoins through cash is a more natural way. However, you’ll have to spend some real money on it.

How to buy Bitcoins:

Bitcoins can be purchased by using services like Online Service and Wallet Software.
The purchase process doesn’t require a lot of effort, but will only use up real life money and some of your time.
You can use bitcoins as a means of payment for many businesses. You can also use them for services like Bitcoin Magazines that offer so much, from music download to gift cards, etc.

Check their website www.localbitcoins.com for further details on how to buy bitcoins.

If you liked this blog post, please follow us on Twitter @coins_iq and also make sure to subscribe to our e-newsletter to receive the best and latest information on bitcoin, cryptocurrency, crypto trading and bitcoin investment!

Read More
Bitcoin Buy Bitcoin Exchange

Top Bitcoin Exchanges – Buy And Sell Bitcoins

top-bitcoin-exchanges-coinbase

The astronomical rise in the price of Bitcoins has resulted in immense attention from the general investing public as well. Owing to this very reason, many people are now looking for top Bitcoin exchanges to buy and sell Bitcoins. If you’re just looking for any exchange, you would find hundreds of options to choose from. However, when you’re looking at the top Bitcoin exchanges, you have to carefully filter out the best ones and use only those.

Also, buying and selling the Bitcoins would be dependent on the liquidity on that particular website. Owing to this very reason, you have to carefully select top Bitcoin exchanges which have the required amount of liquidity as well so that you are able to easily buy and sell Bitcoins.

We would today share with you four different exchanges on which you can easily buy and sell Bitcoins.

  1. Coinbase:

Coinbase is headquartered in San Francisco. One of the main reasons why it ranks so highly on our list is because of the user-friendly interface. Whether you have used Bitcoin exchanges before or not, you would surely be able to understand the simple interface of this Bitcoin exchange. It allows you to deposit funds through the cards as well as bank transfers. Thus, you would be able to easily buy the quantity of Bitcoins which you want.

It allows you to deposit 3 type of currencies which are:

  • USD
  • EUR
  • GBP
  1. PoloNiex:

If you’re looking for an exchange which would allow you to trade between different currency pairs, this one is the perfect option for you. It allows you to trade between 75 different pairs. Thus, you can easily trade between the different pairs without any problem. The only downside to this exchange is that you can only deposit money in the form of crypto currency. Also, the user interface of this particular exchange is not that friendly.

  1. Local Bitcoins:

This Bitcoin exchange accepts most of the popular currencies all over the world. You can even deposit cash in their bank accounts. You can use PayPal as well. You can also opt for bank transfers. You can easily buy Bitcoins through this exchange which would ensure that you are able to easily trade in Bitcoins. The user interface is also pretty easy to understand.

  1. CEX.io:

This exchange is located in London. It allows you to deposit funds with the help of cards as well as bank transfers and also Ethereum. The interface of this particular exchange is pretty easy to understand.

Some of the currencies in which you can easily deposit the funds are:

  • US dollar
  • Euros
  • GBP
  • RUB

So, if you’re looking to buy and sell Bitcoins, these are the 4 exchanges which you should be looking at. These 4 exchanges would not only ensure that you are getting plenty of liquidity but you can easily buy and hold Bitcoins as well.

Read More
Bitcoin Buy Bitcoin Review Wallet

Bitgo Review – Bitcoin Wallet Review – CoinsIQ

BitGo Review - Bitcoin Wallet Review

Bitgo Review – Bitcoin Wallet Review

Before we go into Bitgo Review – let us understand Bitgo’s nature of business. The business specializes in providing secure wallet solutions to corporations and companies including several cryptocurrency exchanges.

Bitgo also concentrates on multi signature wallet options, which can be among the best security innovations Bitcoin users have observed thus far.

Knowing the business also gives a them a user friendly and better alternative; makes them stick out from their competition.

BitGo Review - Bitcoin Wallet Review

BitGo Review – About the Company

Bitgo as a company originally started out as a wallet service provider to the first crypto curreny, the Bitcoin.

That isn’t always a good thing, as a centered crypto-wallet means consumers aren’t the only ones using private keys.

The ever growing bitcoin business expanded their wallet to encourage mobile suppliers – Android and iOS too.

With the protected app – Bitgo users could store their wallet’s private key on the mobile devices itself.

The online version lets users export their personal key to a different wallet solution as well.

Regrettably Bitgo is not an open source solution and it is doubtful that will ever change.

To some people, this is a major drawback; whereas many others aren’t overly bothered about it.

On the upside, Bitgo supplies multi-signature options to all its users.

Furthermore, there is a choice to add even more safety to the internet based wallet in the form of two-factor authentication. With Google 2 Step Authenticator or some other.

Convenience and safety frequently don’t mix that well, but Bitgo reveals it could be carried out.

However it doesn’t provide users with total anonymity, but this is not something most individuals are looking for these days.

There are also no additional features to take advantage of, but that isn’t a deal breaker either.

Altcoin Wallet – Bitgo Ethereum Wallet

For any altcoin users like Ethereum, they have also developed an Ethereum wallet which uses the same Bitgo’s bitcoin wallet technology.

In fact, the Ethereum based wallet is built by most of the developers who are working on the Bitcoin wallet.

This project is referred to as Ether.li, also features all of the same aspects one can find in the Bitcoin wallet offered by Bitgo.

Even it offers a multi-signature solutions for Ethereum users, which will be valued by a few users.

Bringing this functionality to distinct cryptocurrencies is a smart strategy by Bitgo.

BitGo Review – Final Thoughts

Ultimately, it’s really hard to find any defects at the Bitgo wallet.

Utilizing the internet version means; private keys aren’t created in a secure fashion; even though users may protect them with a password.

All their mobile apps work like a charm, with no end user surprises.

Advanced crypto currency users who are not searching for any multi signature support may find the waeet a bit boring; but for new users, it is really a powerful alternative.

There’s not any reason not to provide Bitgo wallet a go.

If you liked this article, follow us on Twitter @coins_iq and on Pinterest – CoinsIQ. Make sure to subscribe to our e-newsletter to receive the latest information and news on cryptocurrency and more!

Read More
Altcoins Bitcoin Buy Bitcoin Guide Introduction

Coinbase Review – Controversy and Is Coinbase Safe?

coinbase-website

In this post today, you will get everything you need to know about Coinbase. If you have been wandering in the new interesting world of cryptocurrency, you must have come about Coinbase. This is a company dedicated to but not limited to cryptocurrency.

I will start off by generally describing what it is before doing a Coinbase review. This is a limited company that focuses mainly on the digital asset ventures especially the cryptocurrencies. Coinbase majorly focuses on Bitcoin and its products but has in the recent years started incorporating the other altcoins such as Ethereum and Litecoin. Coinbase acts as a digital broker in the simplest explanation of its services. This company is also backed by the New York Stocks Exchange.

coinbase-reviewCoinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam who saw a middleman opportunity after Bitcoin started gaining market since its introduction in 2009. Coinbase first started off by buying and selling Bitcoins through Bank Transfers. It then extended its services to include the vault system for the Bitcoins. Over the years, it has grown in its users to about 7 million at the time of writing this article.

Coinbase has been the place to go especially if you are looking to purchase your first Bitcoin. This is because the company has invested heavily in making better algorithms and designing user-friendly interface that takes care of the extensive technicalities in owning any cryptocurrency. Also, they have partnered with many banks and offer payment services to over 32 countries worldwide.

What you need to know about Coinbase?

As was stated above, Coinbase has partnered with many banks around the world so as to enable the purchasing and selling of Bitcoins in the local currency. Also, people have many payment options ranging from EFT, SWIFT SEPA, and Ach. Also, they have introduced PayPal and Debit and Credit cards. Of course, these are Visa and MasterCard supported.

Coinbase mainly focuses on the purchases and sales of Bitcoins. However, it also performs an auxiliary function of storage. That is, they have wallets that you can rent out like a ware house to store your Bitcoin stash. You also store Ethereum and Litecoin. Your stash is safely kept and is guaranteed as they have purchases an insurance cover for their storage vaults.

How Coinbase works?

The most important thing to know is that Coinbase has a strong backing from the major financial industry movers including The New York Stocks Exchange. This means that the virtual currency business is fast becoming a major profitable activity in the financial industry. The business is licensed by the New York State Department of Financial Services to continue its operations. That plus the major banks that have invested more than the US $100 million into the company should be telling you that they have something here.

Coinbase operates more like a bank than a broker. This is so as the company was the first to receive the virtual currency operation license. This is also because of major integration with the major Banks it is operating with has resulted in the adoption of most Banking laws. For this reason, Coinbase requires one to fill out an extensive personal information and monitor the accounts to prevent money laundering. This should not water down your spirit as their services are secure and guaranteed which is hard to come by in virtual currency.

coinbase-review

Is Coinbase safe?

Before venturing into Coinbase, you need to understand its inner working. Is Coinbase safe? This is the first question most people ask me. The answer is yes. Coinbase is very safe. As was mentioned in the above post, the company has invested heavily in insuring their vaults to minimize their losses. Also is the fact that the company is integrated with the major banking industries that also protect their investments.

Having received funds to the tune of US $ 75 million and above over the years since its conception, Coinbase goes, without doubt, one of the most secure virtual currency brokers in the world. This is also factoring in the investment they have received from the Japanese banks and securities exchange. As a rule of thumb, the most secure trader is often the most financed one in the market, and Coinbase is one.

How safe is Coinbase? Very safe. It has been received well in over 30 countries excluding China where it can operate freely without many hiccups. As was stated earlier and this should be in your head by now, Coinbase follows almost similar protocols with the banking industry. For this reason, any operation is well monitored to eliminate the possibilities of losses. This is also the reason why the company has been able to secure credits cards with ease.

Also, the company website has a user-friendly user interface that reduces the chances of making any errors while trading. I repeat again, this is the best place to go especially for the newcomers. The transfer fees are negligible and one can exchange Bitcoins to 159 different fiat currencies. The number of countries in the world. As you see, Coinbase is very safe.

Read More
Buy Bitcoin Guide

How to Buy Bitcoins With Credit Card, Checking or Cash

Bitcoin has become one of the most popular crypto currencies on the Internet. Owing to the rapid rise of Bitcoin, there has been interest among investors to invest in Bitcoin and make a hefty return. More and more people from the off-line world are trying to buy or invest in Bitcoins. The problem is that even though, it is a digital currency but the procedure for investing in Bitcoin is not easy at all. Oftentimes, when you’re signing up on any of the websites in order to buy Bitcoins, it would take you at least 3 to 4 working days before you are able to buy Bitcoins. This actually creates a lot of problems for the people who are trying to invest in Bitcoins. Moreover, the price of Bitcoins fluctuates widely. Owing to this very reason, by the time people are able to finally buy the Bitcoin, the prizes change significantly and that is why many times it is not worth it to invest in Bitcoin at the point in time.

However, there are a few ways in which you would be able to buy Bitcoins quite easily. We would 1st go into the details of why you should buy Bitcoins and thereafter, we would look into some websites where you would be able to buy Bitcoin quite easily.

Read More
1 2