Before we understand how to buy bitcoins, we need to understand what they are.
What is Bitcoin?
Bitcoin is a cryptocurrency created in 2009 by an anonymous person whose pseudonym is Satoshi Nakamoto. By convention, when talking about technology and the network, the term Bitcoin is used with a capital letter, while if the lowercase letter (bitcoin) is used, it refers to to the currency itself.
From the experts Bitcoin is not classified as a currency, but as a very volatile medium of exchange since Bitcoin does not use a central body, the value is determined solely by supply and demand.
The Bitcoin network allows the anonymous possession and transfer of coins; the data needed to use your bitcoins can be saved on one or more electronic devices such as smartphones and PCs, in the form of a digital "wallet", or kept with third parties that perform functions similar to a bank. In any case, bitcoins can be transferred over the Internet to anyone who has a "bitcoin address". The peer-to-peer structure of the Bitcoin network and the lack of a central body makes it impossible for any authority, governmental or otherwise, to block transfers, seize bitcoins without possession of the relative keys or devalue them due to the injection of new currency.
The total number of bitcoins is approaching the limit of 21 million. It is thought that in less than 32 years all the coins will be generated. Assuming that the demand for bitcoins will grow relative to their availability, bitcoins will probably suffer a big increase in the value due to the scarcity of new money. According to the developers, in an environment with a scarcity of bitcoins, nodes, instead of financing themselves with the creation of new bitcoins, will profit from their ability to carry out transactions, thus competing on prices and keeping them low.
This little introduction was necessary, now let's start talking about the topic for which you opened this article, and that is
Now that we have clarified what they are, we can delve deeper into how to buy them.
One way to get bitcoin is mining, but it is an extremely expensive method and you don't need a normal PC to do it, so it is better to rely on platforms thanks to which you can buy bitcoin simply by creating an account.
One platform to buy bitcoin is Bitvavo, a company based in Amsterdam.
This platform is very intuitive and easy to use.
The first thing you need to do is have a bitcoin wallet, by creating an account with Bitvavo you will have your Bitvavo wallet address (once registered, look in the members area).
Once you have created an account, the rest is very intuitive since once registered you will find the current price of bitcoins.
Remember that the value of bitcoin is not stable and can change from one day to the next, so check the price before buying.
Safety
Buying bitcoin with bitvavo is absolutely safe, they do not charge transfer fees and protect your account with two-factor authentication, security notifications and email confirmations.
Affiliate Program
The Bitvavo platform also has an affiliate program that is very easy to access.
Once you have signed up to the platform, you will be able to share your unique promotion link. You will receive a portion of the revenue generated by the users you have entered. You do not need any technical knowledge, just a passion for digital currencies. You can share the promotion link via your website, with friends or on social media.
As a Bitvavo affiliate you do not earn a one-time compensation, but you continue to profit from your promotion. You do not get a flat fee per user, but you share the revenue generated by the users you have provided us.
Buy bitcoin with bitvavo It's not as difficult as it seems with the right preparation and choosing the right platform.
Article published on 21 September 2019 - 17:44
