What is Bitcoin? – Where I can Buy Bitcoin & What is Mining?

What is Bitcoin? - Where I can Buy Bitcoin & What is Mining?

What is Bitcoin? – Where I can Buy Bitcoin and What is Mining?

 

Where can I find Bitcoins Seller?

The truth is, there are a lot of bitcoin sellers online, it quite difficult to get a trusted bitcoin seller. In this article, we will walk you through buy and sell bitcoin

The list below is the best and trusted place to buy you bitcoin.

  • A cryptocurrency exchange means when you buy a bitcoin from someone and use the money to buy another cryptocurrency, site like this does exchange ‘regular’ coins for bitcoins, or for satoshis, Sites like Coinbase and Coinsquare in the US & Canada, and BitBargain UK and Bittylicious in the UK.
  • A Bitcoin ATM (or cryptocurrency exchange) is an alternative to of the first list above; you can change bitcoins or your raw money for another cryptocurrency.(like Ether, bitcoincash, Electroneum,Ripple and so on) the sites are BTER and CoinCorner.
  • I know everyone would like this, this is a classified service where you can find a bitcoin seller that can assist you trade bitcoins for cash. The great site is LocalBitcoins.
  • If you also want to sell a product or goods using bitcoin. Purse will help you manage that.

Note: Operating or managing bitcoin is at your risk, look for reviews online, or ask a question on bitcoin forum before executing any transaction.

Related: Bitcoin Wallets That Support Custom Transaction Fees

What is Mining?

Bitcoin mining is the processing a safe by chronologically of transactions in the digital currency system, that can give records of current Bitcoin transactions, known as a block, are added to the record of past transactions, known as the block chain. Blocks are chopped off as each transaction is done. Codes decoded, and bitcoins passed or exchanged. You might be asking if bitcoin mining profitable, YES! It is if you could get a good bitcoin miner.

Bitcoin Miners also generate a new bitcoins by using bitcoin mining hardware to solve cryptographic problems. It gives you the best method to issue the currency and also provides an incentive for people to mine.

Also Read: How To Claim Your Free Bitcoin Gold On Any Platform

The reward is agreed-upon by everyone in the system but is 12.5 bitcoins as well as the fees paid by users sending transactions. To prevent the bitcoin value inflation and to keep the system manageable, there can be no more than a fixed total number of 21 million bitcoins (or BTCs) in circulation by the year 2040, so the “puzzle” gets more harder to solve.

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