Bitcoin is an acceptable form of payment because it can be very useful in making a transaction.
What is bitcoin?
Bitcoin is the name of a cryptocurrency - a form of digital currency that becomes increasingly more important every day. With Bitcoin, people can securely and directly send each other money on the internet. People need simply to generate their own Bitcoin wallet or use a tool like BitPay, then head to an exchange service – such as Circle or Coinbase – where they can purchase Bitcoins with real money by using their bank account.
Where to Get Bitcoins
How to Get Bitcoins Fast
These days, you can quickly and easily buy Bitcoins online or offline. It’s just a matter of choosing the right purchasing option for you.
Cryptocurrency Exchanges
Cryptocurrency exchanges are marketplaces where sellers trade cryptocurrencies in exchange for fiat money (i.e. government-issued currency like the euro) or other digital currencies.
Most exchanges accept bank transfers or credit card payments, and some even accept Paypal payments. They’ll also charge you a transaction fee for every trade you make.
You can choose from hundreds of crypto exchanges, but the most popular and reputable exchanges include Coinbase, Gemini, Binance.US, and Kraken.
Investment Brokerage Firms
An investment brokerage firm is a platform that allows investors to buy and sell stocks and cryptocurrencies.
Companies like Robinhood allow retail investors to trade and invest commission-free, making them highly popular. All you need to get started is an account and the money to buy and you’re good to go.
Payment Services
Recently, payment services like CashApp, Venmo, and Paypal have introduced new features to their online platforms that allow users to buy, sell, and hold cryptocurrencies.
For instance, CashApp now has an entire tab dedicated to Bitcoin.
Bitcoin Basics
The bitcoin is the most powerful cryptocurrency on the market right now. It's a trading mechanism where you can buy or sell things using bitcoins, but you don't have to purchase anything in order to use this new kind of money. If you know how to surf the web, then you already have all of the skill-set necessary to do things online involving digital currency.
How Bitcoin works?
The Bitcoin protocol allows you to move and synchronise value across the internet, securely and anonymously. It all comes to a new, revolutionary payment system.
How to get Bitcoin?
There are four ways to get Bitcoins: 1) Purchase on a cryptocurrency exchange like Coinbase or payment service like CashApp, 2) Sign up for an investment brokerage like Robinhood, 3) Find a cryptocurrency ATM or store, and 4) Use a crypto faucet to receive Bitcoins in exchange for completing tasks.