Updated on December 26, 2019
Bitcoins are slowly but surely replacing large Money transactions. This “Crypto currency” has been spreading its sphere of influence over high speed business across the world, instantaneously and without the hitches that normal Central Bank backed National Currency is inherently prone to. The decentralized nature of Bitcoins precludes unnecessary paperwork, middlemen and overbearing interference from agents external to the deal. Decision making becomes lightning fast. But procuring Bitcoins is no easy task for the Initiate.
Where Do They Grow?
Where does a Beginner find Bitcoins to buy? Being Internet savvy is only the first step. Buying is no longer open to the public. Specialized buyers, called Bitcoin Miners, do this job with the help of ASICs (Application Specific Integrated Circuits). First step is to sign up for a Bitcoin Wallet, by verifying identity. Using this Wallet, payments can be made by regular channels such as credit or debit cards, bank transfers (ACH) etc. Portions of Bitcoin can be purchased at a time, and the Wallet can be gradually built up. Another popular method is to participate in “Free Bitcoin” lotteries and high odds games on the Internet. This way, no money trail is left, and this is good for the Buyers who do not want to disclose their identity. The complete Bitcoin Exchange is fully crypto protected, with the shadowy code masters ensuring absolute secrecy and security. To Buy Bitcoin is no longer an esoteric art, but the Buyer needs to be very cautious, and alert.