Topic: Buying Bitcoin with PayPal
Written by: Sonia
As the world continues to progress at a fast pace, technology seems to be growing even faster. We have progresses from radio to television, from theatres to home video, from records to MP3’s and now, from paper money or physical currency… to virtual currency or otherwise known as Cryptocurrencies. Bitcoin, Litecoin and Dogecoin are a few popular virtual currency and are gaining tremendous amount of popularity and notoriety these days. This is without question, the face of a new emerging worldwide currency. People are looking for a safe, convenient and easy way to transact money without using cards or actual paper currency. Steady progress has been made by Bitcoin in business as well as …show more content…
However, before making a decision to invest, it is necessary to make sure that the entire system of buying Bitcoins or any virtual currency is studied carefully. Since the framework of Bitcoin and others has the similar volatility as a stock, it is essential to understand the basics of how the system works before investing.
Buying Bitcoin
The process of buying bitcoins is very simple. It is more or less just like the opening of a bank account. For a smoother sail, there are certain things that need to be kept in mind. You will first need to create a wallet whereby you can store your Bitcoins and access them for purchases. Next is using a reputable company that allows you to purchase Bitcoins or other virtual currencies. Once you have installed these programs on your computer and/or as apps on your mobile phone or tablet you can then be prepared to send and receive Bitcoins and access the power of PayPal, credit cards and more.
Buying Bitcoins with …show more content…
First of all, the amount of merchants who accept PayPal is limited. This is because of the rehashed situations that have been faced by some merchants offering Bitcoins bought with a PayPal account. Bitcoins were trying to be bought and then people started complaining to the PayPal about not receiving their coins. Many Bitcoin traders consider this system as a pool of duplicity because they thought PayPal was allowing fraudulent merchants on their platform. Though, the reputation of PayPal took a severe beating, they were not trying to prevent people from buying
Written by: Sonia
As the world continues to progress at a fast pace, technology seems to be growing even faster. We have progresses from radio to television, from theatres to home video, from records to MP3’s and now, from paper money or physical currency… to virtual currency or otherwise known as Cryptocurrencies. Bitcoin, Litecoin and Dogecoin are a few popular virtual currency and are gaining tremendous amount of popularity and notoriety these days. This is without question, the face of a new emerging worldwide currency. People are looking for a safe, convenient and easy way to transact money without using cards or actual paper currency. Steady progress has been made by Bitcoin in business as well as …show more content…
However, before making a decision to invest, it is necessary to make sure that the entire system of buying Bitcoins or any virtual currency is studied carefully. Since the framework of Bitcoin and others has the similar volatility as a stock, it is essential to understand the basics of how the system works before investing.
Buying Bitcoin
The process of buying bitcoins is very simple. It is more or less just like the opening of a bank account. For a smoother sail, there are certain things that need to be kept in mind. You will first need to create a wallet whereby you can store your Bitcoins and access them for purchases. Next is using a reputable company that allows you to purchase Bitcoins or other virtual currencies. Once you have installed these programs on your computer and/or as apps on your mobile phone or tablet you can then be prepared to send and receive Bitcoins and access the power of PayPal, credit cards and more.
Buying Bitcoins with …show more content…
First of all, the amount of merchants who accept PayPal is limited. This is because of the rehashed situations that have been faced by some merchants offering Bitcoins bought with a PayPal account. Bitcoins were trying to be bought and then people started complaining to the PayPal about not receiving their coins. Many Bitcoin traders consider this system as a pool of duplicity because they thought PayPal was allowing fraudulent merchants on their platform. Though, the reputation of PayPal took a severe beating, they were not trying to prevent people from buying