The word “Bitcoin” has repeatedly been appearing around the news for the last few months.
Bitcoin is the very first common cryptocurrency, which is a digital currency based on blockchain technology. It is a decentralized system that handles the currency through a set of independent computers that are performing complicated calculations that serve for confirming transactions and storing data in the blockchain. It is the technology of the future, and it gains its popularity rather quickly, especially among investors.
Investing, and how to keep your assets
Due to increasing popularity the value of Bitcoin increases as well. Right now it is said to be an investment with high and definite profit. Though, the issue of buying and keeping Bitcoin is somehow problematic. There are some ways. One of them is keeping Bitcoin in a private wallet – it can be online as well as offline. As in case of traditional fiat currencies, there is a risk of theft, but it still not settled if the online or offline wallet is safer – both of them are exposed to hacking attacks. Bitcoin can also be kept on the exchange market, but it is a subject for the separate article since there are many exchange markets and they offer a vast variety of services.
More to the point of buying – it might be complicated. When we decide to keep Bitcoin in a wallet, we have to choose one of the online BTC exchanges. We can recommend BuyCoinNow. It is a service held by Verified Solutions, the British software house. Besides BTC exchange also offers an API for Bitcoin payments – bitcoinapi.co. BuyCoinNow is primarily very easy in use. On the main site you can see a calculator in which you can write a number of BTC you want to buy, as well as the amount of money you are willing to spend on it. The numbers displayed are the final costs with all the fees and provision, so the user doesn’t have to go through Terms&Conditions and do the math himself. BuyCoinNow accepts credit cards (Visa, MasterCard), but you can also pay with direct transfer and DotPay. The currencies accepted are USD, EUR, GBP, and PLN. After the purchase, the user gets a code to implement in his private wallet. In exceptional situations the user can be asked to verify his personal data by sending a scan of ID, or other documents that prove the identity, but it is not always required. The process is very simple and designed for a person that is not very familiar with online payments.
Buy it now!
“Cryptocurrencies are technology that is definitely worth investing in. It is said by people who are interested in the subject that ‘the best time to buy Bitcoin was two years ago, but the second time is now’. We believe in this technology, and we recommend this investment!” – Adam Bicz and Kajetan Maćkowiak, the Verified Solutions co-founders are agreeing.
Last modified: January 11, 2018
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