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Don`t know where or how to start buying Bitcoin or other Cryptocurrency?

 

Follow these steps to buy your first Bitcoins.

 

Step 1 : For you to buy bitcoins online you need to create an account with an online exchange.

There are many exchanges to choose from but under the Exchanges page there is listed a few good ones.

Some do accept credit card and others you need to do a bank transfer. The most easy is off course to use your credit card for Bitcoin Purchase.

 

Step 2 : After you successfully purchased your first Bitcoin, you should

get yourself a Wallet to store your Bitcoins in. It is mostly not recommended

to keep your Bitcoins on the exchange, unless you short term investing and

 want to sell your Bitcoins after a few days.

On the Wallet page you will find some links to common wallets.

 

You are now officially into Crypto Currency ! :)

 

From here there is a lot of possibilities to further investments.

 

Visit the Mining and Lending page to find out more.

Keep you updated on all Crypto Currency price and market capitalization

A litlebit info on Cryptocurrency

What is Bitcoin ?

 

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. It was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

 

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

 

-From Wikipedia, the free encyclopedia-

https://en.wikipedia.org/wiki/Bitcoin

 

What is Blockchain ?

 

The blockchain is a public ledger that records bitcoin transactions. A novel solution accomplishes this without any trusted central authority: the maintenance of the blockchain is performed by a network of communicating nodes running bitcoin software. Transactions of the form payer X sends Y bitcoins to payee Z are broadcast to this network using readily available software applications. Network nodes can validate transactions, add them to their copy of the ledger, and then broadcast these ledger additions to other nodes. The blockchain is a distributed database – to achieve independent verification of the chain of ownership of any and every bitcoin amount, each network node stores its own copy of the blockchain. Approximately six times per hour, a new group of accepted transactions, a block, is created, added to the blockchain, and quickly published to all nodes. This allows bitcoin software to determine when a particular bitcoin amount has been spent, which is necessary in order to prevent double-spending in an environment without central oversight. Whereas a conventional ledger records the transfers of actual bills or promissory notes that exist apart from it, the blockchain is the only place that bitcoins can be said to exist in the form of unspent outputs of transactions.

 

-From Wikipedia, the free encyclopedia-

https://en.wikipedia.org/wiki/Bitcoin#Blockchain

 

Always Remember

 

Keep your password strong and safe

 

Use 2 factor Authentication "Google 2 factor authentication "

 

Install your wallets on portable hard drive to minimize the risk

 

Keep your wallet backup phrase on a secure place so you don`t loose your money

Use the code "4HfuBo" to get 3% off every purchase on Genesis Mining

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