About Bitcoin

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How to buy Bitcoin?

As payment for goods and services.
Buy a Bitcoin exchange for Bitcoin.
Change Bitcoin someone near you.
Earn Bitcoin in a competitive manner by mining.
While it is possible to find people who want to sell Bitcoin paying by credit card or PayPal, most betting exchange is offering financing through these means of payment. This happens because of where someone buys Bitcoin using PayPal, only later to recover their half of the transaction. This process is generally called chargeback.

How difficult is it to make payments with Bitcoin?

It is easier to do with Bitcoin transactions than to go shopping with a debit or credit card, which can be received without a merchant account. Payments are made directly from a wallet application either on your computer or mobile phone, by entering the recipient, amount, and pressing Send. To make address entry easier and container wallets can get the address by scanning a QR code or joining of two phones that benefit from NFC.

What are the advantages of Bitcoin?

Freedom payments - Is it possible to send and receive any amount of money instantly anywhere in the world at any time. Without the days when banks are closed. No limits imposed. Bitcoin allows its users to have full control over their money.
Very low fees - Bitcoin payments are now processed either duty-free or extremely low taxes. Users can optionally include a tax benefit of priority transaction processing, resulting in faster transaction confirmation by the network. Additionally, there are business process that assists merchants to process transactions, exchanging and storing bitcoinii fiat currency daily direct funds to the bank account of the trader. These services are based on Bitcoin, they can be provided with much lower fees than PayPal or credit card networks.
Fewer risks for traders - Bitcoin transactions are secure, irreversible and contain no personal information of the customer. This protects merchants from fraud or chargeback damage caused by fraudulent sites and PCI compliance is not required. Merchants can easily expand to new markets where or not available, or credit card fraud rates are unacceptably high. The net results are lower taxes, wider markets and lower administrative costs.
Security and control - Bitcoin users have total control over transactions; it is impossible for traders to force unwanted or hidden fees or charges as may happen through other payment methods. Bitcoin payments can be made without that personal information be related to the transaction. This provides increased protection against identity theft. Those who use Bitcoin can also protect your money by backup and encryption.
Transparent and neutral - All information on broad money is available whenever Bitcoin block chain can be verified by anyone and used in real time. No individual or organization can control or manipulate because Bitcoin protocol is cryptographically secure. That allows Bitcoin to be completely neutral, transparent and predictable.

What are the disadvantages Bitcoin?

The level of acceptance - Many people have not heard of Bitcoin. Every day, increasingly more companies accept Bitcoin because they want the benefits associated with it, but the list is still small and need to grow in order to benefit from the network effect.
Volatility - The total value of Bitcoin in circulation and the number of firms using Bitcoin is still very small compared to what could be. So, relatively small events, specula, or major activities of certain companies can influence the price. In theory, this volatility will decrease as markets and technology will mature Bitcoin. There has never been such a currency, so it is quite difficult (and exciting) to imagine what will happen.
Continuous development - Bitcoin software is still in beta stage with many options under active development still incomplete. November tools, options and services are emerging to make Bitcoin safer and more accessible for the masses. Some of them are still not ready for everyone. Most businesses that are based Bitcoin is the beginning and not yet provide any assurance. In general, Bitcoin is still maturing stage.
Why do people have confidence in Bitcoin?

Most of trust that people have in Bitcoin comes from not requiring reliable at all. Bitcoin is entirely open-source and decentralized. This means that anyone with access to all the source code at any time. Any programmer in the world can therefore determine exactly how Bitcoin works. All bitcoinii are in existence and all transactions can be consulted in real time by everyone. All payments can be made without third party involvement and the whole system is protected by very strong cryptographic algorithms check the community similar to those used in online banking site. No organization or individual can control Bitcoin and the network remains secure even if not all users are trusted.

Can I make money with Bitcoin?

There should never expect that you will enrich the Bitcoin or any emerging technology. It is always important to give increased attention to anything that sounds too good to be true or ignores basic economic rules.

Bitcoin is an ecosystem full of innovation found in an ongoing business expansion and are including risks. There is no guarantee that will continue to grow although Bitcoin has developed into a very fast pace so far. Investing time and resources, however, requires an inclination Bitcoin Entrepreneurs. There are various ways to make money with Bitcoin such as mining, speculative or start new businesses. All these methods are competitive and there is no guarantee of profits. It is everyone's duty to assess the costs and risks of such a project.


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