How to get started with Bitcoin and Bitcoin Vault

Bitcoin’s critics have spent the last decade saying that it will vanish from the face of the earth any minute now. In the meantime, bitcoin has fought hard to claim its place on the international stage as it stood against major powers like central banks, think tanks, regulatory institutions and government bodies. None of the above likes bitcoin simply because this special currency was designed around the idea that the people should hold the power of their financial assets and not central governing bodies. 

Having said that, bitcoin is also a very lucrative investment opportunity for everyone. It has become safer by the day to trade in bitcoin. Exchanges have worked hard alongside and sometimes against regulatory bodies to create an active community and nourishing environment for the bitcoin traders. So, if you’re thinking about making an investment in bitcoin, now’s the right time. Here’s a guide on how to buy bitcoin for dummies. 

Ways to buy Bitcoin & Bitcoin Vault

There are ways to own a bitcoin wallet, you can buy bitcoin from the following exchanges:

Bitcoin does not restrict anyone from simply executing transactions on their own without the involvement of any central entity like banks. Exchanges are considered safer and reliable for the non tech savvy investors. 

The following options are more popular and widely adopted. 

  • Bitcoin exchanges 
  • Finding sellers on a P2P directory
  • Bitcoin ATMs 

Whichever way you choose, you are going to need a wallet to hold your Bitcoin. 

Bitcoin Wallet ‘wallet’ is where you ‘store’ your bitcoin. Before purchasing bitcoin, you need to create a wallet. You are given a unique wallet id which is a long string of a mixture of alphabets and numbers. This wallet id acts in a similar way as your account number in a bank. Your wallet is identified through your wallet id and then bitcoin is transferred to it.

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