Buyer's guides · March 14, 2021 0

Bitcoin Buy or Sell best Guide. Bitcoin wallet

Ready to buy or sell Bitcoin? Here are the steps:

What exactly is Bitcoin?

Bitcoin is the world’s most well-known and commonly used cryptocurrency. Bitcoin, which was introduced in 2009, is exchanged in fractions and, unlike fiat currency, is generated, distributed, traded, and stored using a decentralized ledger system called a blockchain.
Bitcoin is the most widely used cryptocurrency, and it has sparked the development of hundreds of others.

collectively referred to as altcoins. Bitcoin is commonly abbreviated as “BTC.”

What is Bitcoin’s revenue model?

Bitcoin’s value is determined by the law of supply and demand, with the price fluctuating according to the number of users willing to use it.
Apart from bitcoin mining, which necessarily involves technological knowledge and the purchase of high-performance computers, most people buy bitcoins as a means of currency investment, betting that the US dollar value of one Bitcoin would rise.
higher in the future than it is today. But that’s difficult to predict.

Buying Bitcoin

You can buy Bitcoin with fiat currencies, such as USD, and also with other cryptocurrencies.

From the Bitcoin.com Wallet

  1. Open the Bitcoin.com wallet app on your device.
  2. Tap the green “Buy” button if you want to buy Bitcoin Cash (BCH), or tap the orange “Buy” button if you want to buy Bitcoin (BTC)
  3. Follow on-screen instructions to deposit coins to your preferred wallet
  4. You will be prompted to verify your identity
  5. Once complete, your purchase will proceed
  6. After your first purchase which includes identification verification, future purchases are even faster!

From a cryptocurrency exchange

  1. Visit a cryptocurrency exchange.
  2. Create an account and verify your identity as required.
  3. Follow the website’s instructions to buy your Bitcoin Cash (BCH) or Bitcoin (BTC).
  4. Your coins will appear in the exchange’s wallet connected to your exchange account.
  5. Finally, move your Bitcoin to your personal wallet to keep it more secure.

Selling Bitcoin

On a cryptocurrency exchange

  1. Visit a cryptocurrency exchange, for example Bitcoin.com Exchange.
  2. Create an account and verify your identity as required.
  3. Follow the website’s instructions to sell your Bitcoin Cash (BCH) or Bitcoin (BTC).
  4. If you sold it for fiat money, you can cash out the funds into your bank account.
  5. If you sold it for another cryptocurrency, you can send the coins to your personal wallet (make sure your wallet accepts those coins before sending).

This post was updated on 14/3/2021

present bitcoin price : 60,420.00 US Dollar

0
Would love your thoughts, please comment.x
()
x
%d bloggers like this: