How to Buy, Mine, Trade and Invest in Cryptocurrencies 🚀🌚

in #bitcoin7 years ago (edited)


What is BitCoin?

Created by Satoshi Nakamoto, released to the public in 2009, and exploded on the financial scene in 2013, Bitcoin was the first known cryptocurrency, known as a form of digital money that uses encryption to secure its transactions and control the creation of new units.

Nakamoto’s description of the original Bitcoin was a “peer-to-peer version of electronic cash”, where a person could directly send online payments to another without running through a financial organization.


Bitcoin hit a record high above $11.000 on November 29 2017.

Bitcoin uses cryptographic proofs to record its transactions on the blockchain, a public ledger that announces operations to its network using readily accessible software applications.


Users can make transactions by check, wiring, or cash. They can also use Bitcoin (BTC), where they refer the purchaser to his signature, which is a security code encrypted with 16 distinct symbols, then, the purchaser has to decode the system with a smartphone to get his cryptocurrency.

How to Buy Bitcoin

The simplest way to invest in Bitcoin is to buy some. With many established firms in the US and abroad involved in the business of buying and selling bitcoins, buying BTC gets everyday simpler than ever. In the USA, the solution for regular investors is Coinbase, a company who sells BTC to customers at a markup that is usually around 1% over the current market price.

Coinbase has the option for American users to link their bank account to their Coinbase wallet, to make future payment transfers a lot easier.
Buying Bitcoins is easy, and it takes as much as signing up for any mobile app.

Before buying bitcoins, users need to download a Bitcoin wallet. We recommend using: Coinbase ( http://bit.ly/2ggZzTO ): Set up your Coinbase wallet with a $100 or more purchase and get $10 worth free bitcoin bonus.

Hardware/Desktop Wallets
Ledger: ( http://bit.ly/2k8TuL9 ) They are hardware wallets that support Litecoin, Bitcoin, Ethereum, Zcash and many other altcoins. It creates private keys in its chip and stores them offline.

Electrum: ( http://bit.ly/2zGTZPf ) Electrum’s focus is speed and simplicity, with low resource usage. It uses remote servers that handle the most complicated parts of the Bitcoin system, and it allows you to recover your wallet from a secret phrase.

Exchanges (Trade)

Once you have a Bitcoin wallet, you can use traditional payment methods to buy Bitcoins on a Bitcoin exchange, using a credit card, bank transfer, or debit cards. The bitcoins bought are transferred to the user’s wallet. The availability of payment methods depends on the area of jurisdiction and exchange chosen. For trading BTC, we recommend visiting these sites:

YoBit

http://bit.ly/2zAw0RL

Cryptopia

http://bit.ly/2BkfmGL

BitCoin Investment Programs

Investing Bitcoin in 2018
Many people advise using CFDs for beginners, is a straightforward and easy start-up process, which makes it a lot easier for new users to invest in Bitcoin. Users just need to open a brokerage account with the amount intended to invest in Bitcoin. Then, identify a level to stop when the market gets to as a point and get out of the market if any disasters happen. Opening a trade proportionate to the user’s account size and leave alone based on their investment plan.

Bitconnect (BCC)

an open-source designed to provide multiple investment opportunities like investing in Coin Supply channel to mint new coins, or investing in Coin demand channel by BCC.
(Earn 1% Daily Return from lending)
http://bit.ly/2AjN8MS

USI tech

Provides its entire team to enable smaller investors to get involved in the FOREX and Bitcoin markets.
140%** Return on Capital 1% Daily Payout 140 Working Days*
http://bit.ly/2Bo0dnP


Bitcoin has always been highlighted as the best cryptocurrency to invest in 2018, but many other cryptocurrencies on the market offer great potential, being Ethereum and Bitcoin Cash very popular right now.

Mining Crypto

Mining bitcoins is a legal method achieved by operating SHA256 double round hash confirmation processes to verify bitcoin events and provide the essential protection. Mining bitcoins requires bitcoin mining hardware to prevent any electrical problem at home. In the early times of bitcoin, it was viable to mine with the computer CPU or a high-speed video processor card. Today, it is no longer a possibility, because it requires way too much energy from the CPU unless you’re in a mining Pool.

Mining Pools

MinerGate

It offers both pools and merged mining and cloud mining services for Bitcoin (BTC), Monero (XMR), (BTG) BitCoin Gold, and Ethereum (ETH) & more with a convenient GUI miner
http://bit.ly/2uWWyd9

Cloud Mining

Another great alternative is to acquire a Bitcoin cloud mining contract. It simplifies the process but raises the risk, because you do not control the original physical tools. From all the Cloud Mining Services, we highly recommend:

Genesis Mining

Known as one of the largest Bitcoin and script cloud mining provider. It offers three Bitcoin cloud mining plans with reasonable prices.
http://bit.ly/2Btf0yh
Use rLAZcM For 3% off on all Contracts. (Earn from mining.)

Crypto Debit Cards

Monaco Card:

Buy, Earn, and Spend cryptocurrencies with the Monaco Visa Card
– Save 5-8% with perfect interbank exchange rates
– Buy Bitcoin, Ether, and MCO directly in the app
– Earn up to 2% crypto cashback on ALL transactions
– Shop at over 40 million locations worldwide – anywhere Visa is accepted
– Send & receive money with any Monaco user instantly with no fees
– Funds always instantly available

http://bit.ly/getmonaco

Shift Card:
Coinbase has the Shift Card, the first U.S bitcoin debit card (https://www.shiftpayments.com/card), It works like any debit card today. It is entirely secure,


There is also a great variety of altcoin mining sites, one of them is middle coin, the pool automatically selects the most profitable currency to mine. And it presents a list of hash rates and payouts so users can compare their results. But the best-known altcoin mining pool is Minergate, offering some of the most popular altcoins like Monero, Ethereum, Litecoin, Bitcoingold, Dashcoin and many more.

HOME MINING RIG PART LIST
If you are interested in mining Bitcoins/ Alt Coins and want to check out what do you need to mine, here is a list of recommended hardware for mining.

Zotac 1080 Mini 8gb (6x)
http://amzn.to/2AlVohR
Zotac 1070 Mini 8gb (6x)
http://amzn.to/2hZLEPz
Zotac 1060 mini 6gb (6x)
http://amzn.to/2jyl8xk
Gigabyte z270 d3 mobo
http://amzn.to/2j1an6T
Intel g4400 CPU
http://amzn.to/2zQ1CHq
ATX power switch
http://amzn.to/2jwGZoA
Ram
http://amzn.to/2jxwXDJ
USB (Harddrive)
http://amzn.to/2AmvQRR
EVGA 750w PSU
http://amzn.to/2i2ToR3
Alternate PSU Parallel 750w (needs ATX adapter)
http://bit.ly/2i3cbeY
ATX mobo adapter http://bit.ly/2j30YvH & http://bit.ly/2zOmUFb
Velcro (Useful for customizing placement)
http://amzn.to/2Am9aRQ
Arctic Freeze Thermal Paste kit
http://amzn.to/2jwtbdV
PCIE Risers
http://amzn.to/2j2x4aO
Add2PSU
http://amzn.to/2jvFkjn
Zip Ties
http://amzn.to/2BxkRCZ
6x GPU Mining Rig Frame
http://amzn.to/2AdZwjE

Article sources:
http://cryptoexchangeinsider.com/insight/buy-mine-trade-invest-cryptocurrencies-bitcoin/


Donations:
Bitcoin : 1CG1j8sS8KdwrnKUuGaRKz46B2JZ7z5j9Q
Ethereum: 0xf246aD5b5fdECB398203eff43287755c46395149
DASH: XbeMDQbfWrsL5dxTH2ZUAqKkXRoTtpVGuh
Litecoin: LdMy5GARkMF7W8QK1kFxRHs9ePEpdVBsNV
NEO: ALkddCHcmjXZmBck1wYM1CP4EecebKeh1Z

Note: The content here are not the views of Bitconnect or any other entity . I am not a financial expert or advisor so please do your own research. No income is guaranteed with genesis mining or any investments we mention. Do not invest more then you can afford to lose.

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