Lately, Bitcoins have become a preferred mode of payment at many merchant locations, gaming and e-commerce sites so that its acceptance has improved to a large extent. People have accepted this form of virtual money because of its flexibility and decentralized nature. As such there is a massive rush of people who want to buy the cryptocurrency and often the question which comes to everyone’s mind is – where to nuy bitcoins ? Actually, there are a lot of exchanges, like the stock market, from where people can expect to buy the cryptocurrency. These exchanges are available online and anyone can visit them and make the purchase.
• Advantages of an exchange – The online exchanges are sites which show the value of Bitcoin to the corresponding currency, usually in US dollars so that it becomes very easy for a customer to understand its monetary standing. Moreover, after a purchase, whenever it needs to be sold off, that can also be facilitated by them. Safety and security of the bought Bitcoins are their prerogative so that a customer need not bother about it. Moreover, helpful customer support of the exchanges makes it a pleasure to complete a deal successfully. Additionally, any new offering or service can always be expected to be sent by them through mail for the benefit of a customer.
• Offline purchase should be avoided – When anyone asks the question “where to buy Bitcoins?”, it should be carefully answered by telling that Bitcoin exchanges available as sites and apps on computer and mobile devices are the best places to buy and any offline dealing regarding the purchase should be avoided. It is because since there is no physical entity to deal with the cryptocurrency hence it might be tedious to realize any payment if it is bought or sold offline.
Therefore, we can safely conclude that exchanges are the best places to transact any Bitcoin dealing and there are a lot of credible exchanges like blockchain.com from where a safe transaction can be done by a customer.
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1st Wave of Cryptocurrency:
Bitcoin & the AltCoins
As the leader of decentralized, autonomous cryptoc currencies Bitcoin created itself in the initial wave. In 2009 it emerged as the world’s first worldwide digital currency that was encrypted. It had been ensured through an innovative common ledger system known as the “Blockchain”. Bitcoin was a currency that wasn’t below the control of some banking system or any government.
Shortly later, the open source code base of Bitcoin was used to produce a legion of DasCoin. There have literally been hundreds of alt coins created, with the greatest of these being Litecoin. While some have made progress centered on unique characteristics, in general there continues to be really little market traction among the alt coins.
2nd Tide of Cryptocurrency: Led by Ethereum
Throughout the next wave, which started roughly in early 2014, Ethereum continues to be among the most powerful innovators and also a darling of the “Cryptocurrency 2.0” movement. Ethereum is a decentralized platform that runs contracts that are smart: programs that run just as programmed with no chance of downtime, censorship, fraud or third party interference.