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The Bitcoin Advantage: How to get bitcoins

February 7th, 2017 | by BTC News
The Bitcoin Advantage: How to get bitcoins
bitcoin how to buy
by Philip McMaster PeacePlusOne_!/

The Bitcoin Advantage: How to get bitcoins

The world today is getting introduced to a new method of transaction. Instead of transactions where physical money is involved people are now using virtual money. It will sound a bit complicated at first but once you get the concept it is really simple. Bitcoin is a technology where users use virtual money or in other words, let’s say internet money. It is a peer-to-peer payment method based on an open network. This means it doesn’t have any authority at all. This might sound alarming but pay a closer attention. Bitcoins are made cryptographically and can only run with a complete consensus among users. While one might think it as an insecure way but there lies the catch. No central authority means anyone has access to the codes and can be checked and verified by anyone in real time. So if you are in doubt then just log in and check out the algorithm. It is that simple and very transparent.

As it is growing very popular around the world so it is in UK. Just the other day as I was chatting with a friend of mine he popped the question about bitcoins. Now from what I know people are getting a bit wary about the whole thing because this is new and it is very different from what we are used to. The very fact that it doesn’t have a central authority raises some questions. So this friend of mine asked me a few questions which I will uphold and will try to explain as well.

How do I buy bitcoins in UK?

There are a few ways to get hold of bitcoins. One can buy bitcoins against cash. For that one simply has to go to the bitcoin ATM and them against cash. One can buy them against any currency. Another way of buying is via online. In fact this is easier because one just needs to log in and buy bitcoins from the bitcoin exchange.

How to buy bitcoins anonymously?

Transactions with bitcoins are anonymous in nature as such. It doesn’t involve names but the transactions can be linked to the individual. Some jurisdiction requires personal information. But it is not more than any other card payments. While some does every transaction with a different bitcoin address.

How to get bitcoins in UK?

Now one doesn’t need to buy bitcoins when he can earn it. This process is called mining where people offer their networking services to get rewards in the form bitcoins.

Learn how to get bitcoins UK with Bitcoin 123. Buy online bitcoins, alternative currencies made safe and simple. With Bitcoin123 you know you are always dealing with the same people who have a trusted history in the Bitcoin industry and a 100% completed trade record.

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