10 facts about cryptocurrencies and how to buy Bitcoin

Digital currencies such as Bitcoin revolutionize the world of e-commerce and the exchange of money for goods and services safely, quickly and easily.

Bitcoin, or digital currencies, has become the talk of many social media pioneers, as well as most people working on the Internet. Bitcoin is the latest development in the world of selling and exchanging services that has emerged at the present time and which seems to be a revolution in the world of currencies and electronic commerce.

What is Bitcoin?

Bitcoin is a type of electronic currency and is used easily and quickly to pay for services and goods that we can obtain through the Internet. These services or goods do not have to be virtual, such as paid programs or applications, but they can also be real goods that we buy through websites or people. On the Internet and paid for in Bitcoin or digital currencies

10 facts you should know before you consider using Bitcoin:

The Bitcoin currency is new and in an experimental stage to cause a monetary revolution, so you should think twice before trading it, and ask yourself whether these digital currencies are really suitable for you or not, and also learn about these facts so that you can make your decision regarding whether or not to use Bitcoin. .

• Bitcoin cannot be counterfeited or subject to inflation like regular currencies.

• You can obtain Bitcoin and exchange it for goods and services with others, even if it is in large quantities.

• You do not need an intermediary to use Bitcoin.

• Once you send it you cannot take it back or cancel the sending action, so you should think carefully before transferring.

• As we previously mentioned, it cannot be returned and that you send it directly to the customer or to the seller without an intermediary, so you must focus during the sending process to avoid any errors.

• There is a clear policy for using Bitcoin, and it has a known source, and all Bitcoin exchanges are registered on the Internet, which means that anyone who can enter this network can monitor all transfers from all addresses, which gives Bitcoin a greater degree of protection, especially with regard to International monitoring of questionable bank transfers, most likely related to the financing of prohibited activities.

• Obtaining Bitcoin is not difficult, because you can buy it or obtain it in exchange for the services or goods that you market.

• Bitcoin is used all over the world.

• There is constant development in the Bitcoin industry. As we previously mentioned, it is still in the experimental stage, so it is likely to change and develop further in the coming stages.

• There are services similar to Bitcoin, but not with the same technology, so as not to confuse them, such as Bcash, BCH or Bitcoin Cash.

How can you get Bitcoin?

Obtaining it is not difficult, but at the same time, if you decide to deal with these currencies, you will need strong protection for your electronic accounts, and we will discuss this part in the following paragraphs. As for obtaining Bitcoin through:

• E-wallets, which are programs or applications for smartphones purchased through sites that we will discuss below.

• E-commerce by obtaining Bitcoin by providing certain services or selling certain goods on the Internet, instead of paying by bank transfers or even using an intermediary such as Paypal.

What are the best types of electronic wallets?

There are many types, but we will recommend the best one based on the number of users and their reviews about these electronic wallets. Most of these wallets only take one day to install the block chain on your device and then use it.

The first type: Copay wallet

This type is available for Android or iOS smartphones, or even phones running other less common systems such as Windows, Linux, and other types. This type of wallet enables you to use the same account on many devices, thus providing ease and flexibility to the user.

This type is also considered one of the simplest and easiest to use, as it relies on an easy system that does not cause any interference to the user. This type is preferred in business rather than in personal matters because it requires the participation of at least two individuals, and financial transactions are not completed without their signature.

The second type is Breadwallet

This type is available in two versions, the first for IOS systems and the second for Android. The most important features of this type are simplicity and ease of use, as well as levels of protection and security. This program is also easy to understand for first-time users.

The third type is Airbitz wallet

This type is suitable for personal transactions and daily uses. It also provides the public with some types of discounts in some shops. This wallet is managed by username and password. However, no one can access your Bitcoin deposits, and this protects the user from Hacking or electronic theft problems.

Bitcoin digital currencies

The best Bitcoin electronic wallets in terms of security

As we mentioned previously, if you want to deal with digital currencies, you must rely on a strong protection system and a strong arsenal that repels any hacking or theft attempt, so we recommend to you two of the best wallets for protection and security.

1. Armory Wallet

This program gives you complete control over the electronic wallet, and provides you with protection of financial transactions even when not connected to the Internet, but it may be inconvenient for beginners in technical matters.

1. Bitcoin Core wallet

It is the official wallet for the Bitcoin currency. Although there are few users of this wallet due to its characteristics, its efficiency is very high as it maintains a complete copy of the block chain, so it does not need a third party. It also protects the user’s privacy and helps in completing various financial transactions.

Sites where you can get Bitcoin

You can buy digital currencies from several sites. We will recommend to you the 4 best sites from which you can buy Bitcoin digital currencies, but you must be aware that any of the sites requires a membership registration with 100% correct information, and your bank account must also be connected to your electronic account from Order Bitcoin purchases.

On each of the following sites you will find an educational video on the registration process as well as the purchase process:

1. Coinbase

2. Indacoin

3. LocalBitcoin

4. Spectrocoin

Once again we must emphasize that exchange operations must be carried out with precision and complete concentration, because once you send it you will not be able to retrieve it again.