The Process of Buying Bitcoin: A Step-By-Step Cryptocurrency Guide
Cryptocurrency When we talk about cryptocurrency, we are talking about any type of digital currency where cryptography is used to ensure the security of transactions. The oldest cryptocurrency is Bitcoin (BTC), which was created in 2009.
 BITCOIN Bitcoin is just like any commodity; it can be traded, sold, or bought. You can use this digital currency when buying goods like clothes, gadgets, or food. To operate with Bitcoin, a peer-to-peer technology is required, and that’s what makes it different from the U.S. Dollar.
The Mining Process
There are different ways to buy Bitcoins. You can go for direct purchases from other people or use digital currency brokers such as GateHub, Bitstamp, Coinbase, & Kraken. You will need to store your digital currency in a wallet, which also contains your private key.
The network generates Bitcoins as a reward or premium for the mining process where transactions in the blockchain are confirmed. This process requires solving mathematical problems, strict schedules, and a software that will solve everything.
Buying Bitcoins
Creating your Wallet
The first thing that you need to do when buying Bitcoins is to create a wallet. The most hassle-free way to do this is by doing it through Exodus, MyCelium, or Coinbase. You just need to go to their website and create an account.
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