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PostPosted: Mon Sep 18, 2017 7:14 am 
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Joined: Wed Sep 13, 2017 6:57 am
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How does one acquire Bitcoins?


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PostPosted: Mon Sep 18, 2017 7:16 am 
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Joined: Thu Aug 10, 2017 6:25 am
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One has to follow certain process to acquire Bitcoins. Bitcoins can be purchased from exchanges, just like conventional money purchase. Or Bitcoins can be acquired through other people in different marketplaces.

It is extremely easy to make payments for purchase of Bitcoins. The buyer of Bitcoins can make payments through conventional methods, by making payments in cash or cards, both by debit or Credit cards. The buyer can make payments through money wire transfers also. The buyer can make payments for purchase of Bitcoins through other crypto currencies, if it is acceptable by the seller and depending on the geographical location where the transaction is taking place.

It is necessary to get a Bitcoin Wallet first. This is where Bitcoins are stored. These are as secured as a bank account but the security level varies depending on the Bitcoin wallet. These wallets are either stored on the computer’s hard drive, acts as an online service on websites or works as a vault. It uses a number of keys to protect the Bitcoins.

Exchanges and wallets have proved to be the best option if one is interested in regular trading in Bitcoins. Bitcoin wallets or exchanges do not need lengthy official procedures and other complications. Exchange options vary from place to place, depending on the geographical location where one is stationed.


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