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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.

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Bitcoin Guide Resources

What is Bitgold? All you need to know!

BitGold_Goldmoney

What is BitGold?

BitGold is actually very different as compared to your normal crypto currency. BitGold is provided by a Canadian company. The underlying principle behind BitGold is that you would be able to save your money and convert into gold reserves with the help of BitGold. Moreover, whenever you are sending someone payments you can convert it into a gold reserve; and thereafter send the payment which ensures; that the payment is completely secure and backed by the bullion metal.

History of BitGold:

The company which is offering BitGold was started in 2014. The company is currently providing you with the opportunity to convert your savings into gold and to sell gold whenever required and to redeem gold as well.

The company is headquartered in Toronto, Canada.

Services offered by BitGold:

BitGold currently offers the service to buy gold as well as to make any business or financial transactions between businesses or individuals using gold. The customers who are using the services of BitGold can directly send or receive the bullion metal.

Whenever you are depositing and storing your money in Bitcoin, the company actually buys and holds gold in its vaults and different cities around the world. The statements of the company are audited by PricewaterhouseCoopers; in order to ensure that it is actually providing the gold backed standard.

Bitgold is still in the initial stages owing to which the market cap is just around $1.13 million. However, as has been seen in the past; assets which are backed by gold become a standard form of transactional currency. Owing to this very reason, you can be sure that BitGold actually has tremendous potential when it comes to providing the gold standards in terms of currencies as well as the financial transactions.

Due to this very reason, if you’re looking to invest in upcoming currencies or in gold, BitGold is one of the best options for you.

Top 3 Bitcoin Trading Platforms by CoinsIQ

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!

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Guide Introduction Resources

Earning Your First Bitcoin and Keeping it Safe

earning-your-first-bitcoin

Thе wоrld оf cryptocurrency hаѕ created a lot оf nеw buѕinеѕѕ орроrtunitiеѕ, both fоr companies аnd individuаlѕ. Evеn though earning Bitcoin hаѕ become a lоt easier these dауѕ, a lоt of people аrе ѕtill struggling with tаking thеir firѕt ѕtерѕ in thе сrурtосurrеnсу buѕinеѕѕ wоrld. Thаt is оnlу undеrѕtаndаblе, even thоugh thеrе iѕ no reason tо be afraid. Unlike рurсhаѕing Bitсоin, еаrning сrурtосurrеnсу dоеѕ nоt nесеѕѕаrilу rеԛuirе an upfront invеѕtmеnt. All one needs iѕ аn intеrnеt соnnесtiоn, аnd a dеviсе соnnесtеd to the Intеrnеt.

Common ѕеnѕе iѕ rеԛuirеd аѕ wеll, аѕ there are many ѕсаmѕ оut there rеаdу tо take your hаrd-еаrnеd bitсоin frоm you withоut bаtting аn еуе.

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Guide Invest Resources

Bitcoin Investment in 2017. Is It Worth It?

Bitcoin-Investment_2017

In this calendar year, Bitcoin has appreciated significantly and it has already doubled once. It started the year at a valuation of $1,000 and since then it has increased to $2,600. The more the Bitcoin appreciates, the more attention it gets.

People all over the world are ruing over the missed investing opportunity in Bitcoins. Owing to this very reason, professional investors as well as normal people are contemplating to invest in Bitcoins. That is why a lot of people are thinking to invest in Bitcoins. However, there is an equal number of people who think that it is already appreciated a lot and that is why it would not appreciate more in 2017. Some people are downright skeptical of the value which is currently attached to bitcoins.

We would today share some light on Bitcoins investment in 2017.
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