How Do You Get Cryptocurrency?

 

How Do You Get Cryptocurrency?

It is a digital currency, that is, a virtual currency made not of paper, but computer codes. Bitcoin is based on cryptography.

such as the British pound. The only difference is that the British pound is a watermarked piece of paper with Queen Elizabeth's face printed on it, the  BitCoin is not made of paper (it is immaterial), but it is a series of numbers, that is, it is a code.

 Where to buy them? 

You have several alternatives to buy them. In the first case, you can buy them at the exchange counter: there are specialized sites where you can buy BitCoin by paying in a betting shop or at the post office. In practice, you top up on a  Postepay or a prepaid card owned by the site managers, who then send the  BitCoins to your address. The second case, 

An exchange between individuals.

real exchanges, where you operate a bit as you do on the Stock Exchange and also exchange platforms between individuals, where there are announcements of those who want to buy and those who want to sell  BitCoin with whom to get in touch and proceed with the purchase/sale. Third case,

ATMs.

 There are  Atm BitCoins where you introduce euros and dollars in cash and the  BitCoins are credited to your wallet, by entering your address.

 How do they work?

Once bought, you must have somewhere to put them. British pounds either you stick them in your wallet or put them in the bank. 

You put the BitCoins in a virtual wallet called a wallet

 that you can then keep on your computer (the equivalent of the leather wallet) or that you can keep on the web (the equivalent of the bank). The wallet on your computer is a program that you download and which works as a wallet. The wallet on the web is a website where you keep them In both cases, as soon as you create your wallet, a BitCoin address is automatically generated, which is what uniquely identifies your wallet. Here, that's all you need to buy, sell or keep these coins. Does this seem strange to you? Think about it, this address is neither more nor less than an  Iban like the one on your checking account. Well, now that we are enabled to buy  BitCoin let's see how to take them physically.

 A bit of history and anecdotes.

  The invention of BitCoin dates back to 2009 and the name of its creator is Satoshi Nakamoto, but in reality, it is a pseudonym and several hypotheses have been made about its true identity in the past. The codes used to indicate this currency is BTC or xbt. The first is an abbreviation used from the earliest times. The second is a code linked to international standards. Since BitCoin was born in 2017 the BitCoin cash, a currency with similar characteristics, but is expected to improve compared to some of the characteristics of bitcoin same. 

Other cryptocurrencies.

LiteCoin is a cryptocurrency born as an alternative to  BitCoin.

Ripple is another BitCoin alternative used for money transfers.

Ethereum.

 is among the alternatives the most successful one, also because it is not limited to being a cryptocurrency, the Ethereum platform also serves to create and publish smart contracts  (so-called smart contracts, they are contracted capable of having their clauses executed automatically without intervention. external). 

Monero: it is an alternative to BitCoin concerning which it has, however, some operating differences.

Dash,Tezos, Stella, Cardano ...

are just some of the other cryptocurrencies in circulation that you find inside our converter.