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Enrolling in a Coin base

 

The first thing you need to do is signup for a bitcoin base account. This process guarantees you safety when storing your bitcoin. It also makes it easy for you to change your cash currency into bitcoin and vice versa. Everyone needs this for him or her to be able to trade successfully.

 

Bank connection is mandatory

 

Once you sign up with the with the coin base, make sure that you then link your account with that of the bank. This means that there are certain verification processes that you must go through to ensure that safety is maintained all through. No one wants to lose their money to strangers. Once the verification process is complete then you are free to start a purchase any time. Get a bitcoin account here.

 

Buying and selling bitcoin

 

What is bitcoin mining? You need to understand how this is done if you are to get it right. Once your first purchase is complete, the next step is for the company to ensure that your buy process is completed on your behalf. The company will then deliver your bit coins then you can use them. The same process applies when selling bit coins only that it happens in reverse. Remember that the bit coin prices s always fluctuating. It is important that the company you are dealing with show you the exchange rate at the time of sell or purchase. This way you will know the real value of what you are getting.

 

How do you use bit coins?

 

Bitcoins is used in the same way that real money is used. This means that you can use it to invest, pay friends or even shop online. The crucial thing is to ensure that the transaction you are carrying out accepts bitcoins as payment. Certain businesses are venturing because of the safety of transacting into this system. It is almost impossible to steal bitcoins because it is electronic in nature.

 

Most people who have shown interest in purchasing bitcoins before have not known where to begin. Once you understand the basics on bitcoins, knowing where to get them is crucial. You can use the above-mentioned procedure or directly from other users in the market. However, make sure that your transactions are secure and that you are dealing with someone you can trust. Payment of the bitcoins also happens in a number of ways including using debit and credit cards as well as wire transfers. Alternatively, you can pay in cash especially when dealing with an individual.