3/9/2019

Saving Big Bucks with Bitcoin

jamyy_jon

Business

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A lot of people want to know what is Bitcoin and how to buy Bitcoin? Bitcoin is money that you control, Bitcoin has a lot of amazing features and is now available in two different types. Bitcoin is available and free to all! Bitcoin wants their system to be fair, so they offer a financial system where everyone is treated as equals. Bitcoin allows you to move money around the world for a very small fee. This process is done securely and instantly. Some people call Bitcoin the new type of digital money. While using Bitcoin you can store your money,exchange your money in addition to making payments. When using Bitcoin you don't run into the same issues with processing payments as you do list central banks. Reason being because Bitcoin gives you full control of your money. This makes a lot of your common banking issues a thing of the past. No longer will you have to deal with things like identity fraud, banking fees or delays. Bitcoin offers five key features! Its Financial system offers peer-to-peer, fixed supply, low fees, a global digital ledger and it's also decentralized. A decentralized financial system means Bitcoin is not own by any network. This makes it impossible to change transactions. Peer-to-peer means payments go directly from one person to another eliminating third party involvement. Fixed supply keeps bitcoin immune from inflation. Bitcoins low fees has speedy transaction processing,it's often much cheaper for peer to peer network transactions. Bitcoin goes by a simplex service fee, meaning they'll always have a minimum fee of $10 or 2.5%. Anyone can see your transactions on Bitcoin, they offer a great feature called global digital ledgers. All transactions on Bitcoin is recorded on a public ledger called blockchain. When visiting Bitcoin.com you can access how to buy Bitcoin. The Bitcoin website offers BCH and BTC. BCH stands for Bitcoin cash, BTC stands for Bitcoin core. Both are two great but very different ways to have digital money. Both currencies are open to everyone, meaning anyone with ideas or concerns can give their input about the Bitcoin network. If your request is demanded by many only then will an upgrade take place. However if your request isn't being demanded by others, a new digital currency called hard fork could be created from it's original coin. BTC was created to handle big and small global payments. Transactions weren't meeting expectations, BCT transactions were slow and expensive. To fix the issue Bitcoin created BCH, a much faster and affordable way to process transactions. BCH transactions can be spent in several different ways. You can spend your money for in store purchases. You can pay for products and services for restaurants and retail stores. Your payment is process quickly and can be easily accessible via wallet app. Your wallet app allows you to access the merchant map. Bitcoins merchant map gives you a list of businesses that accept BTC. You can also spend your money online. Bitcoins BTC is accepted by many online marketing places and online businesses. You have the option of buying products on amazon as well as other services like flight tickets. You can also use your money at Bitcoins online store, which displays many of Bicoins branded products. They also offer gift cards, you can purchase gift cards for places like Macy's and Adidas. Bitcoins wallet app is free, the app can be downloaded from Google Play. Needing help or assistance with your Bitcoin account you can reach them via website. You can refer to the Simplex Help Center for questions asked frequently by the community as well as contact information for customer service.

Tags: bitcoin exchange / how to buy bitcoin