Bitcoin Research Paper

Great Essays
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

Related Documents

  • Great Essays

    Qrt2 Task 2 Case Study

    • 4418 Words
    • 18 Pages

    This was the key reason for the choice to work with Go Daddy for this part of the website. The other influencing factor is free mobile customization. The mobile strategy is important in this day and age. Customers will be able to purchase products without coming into the salon and having them shipped directly to their homes. QRT2 – Task 1 15 Clients will be able to use credit and debit cards for their purchases.…

    • 4418 Words
    • 18 Pages
    Great Essays
  • Decent Essays

    repository or central database and trusted third party Central authority(CA) are used to revoke, issue and store the keys. There is always a risk that these centralized infrastructure can be violated. Hence, Blochcain can be use to to reduce the risks of storing PKI on centralized infrastructure. Here the Data(Keys) will be distributed across the blochchain network[3] In the 2nd section we will go through the introduction of blockchain,…

    • 625 Words
    • 3 Pages
    Decent Essays
  • Improved Essays

    Bybank Research Paper

    • 854 Words
    • 4 Pages

    Bybanks “I have lived most of my thirteen years in Bybanks, Kentucky, which is not much more than a caboodle of houses roosting in a green spot alongside the Ohio River” (Creech 1). Bybanks, Kentucky is a very special place to Salamanca Tree Hiddle. Bybanks is where Sal has lived most of her thirteen years and is where many special memories have occurred. It is also where her mother was before she left. Sal made many happy and sad memories in Bybanks.…

    • 854 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Clueless Research Paper

    • 271 Words
    • 2 Pages

    As Cher Horowitz would say, “You see how picky I am about my shoes, and those only go on my feet.” If Clueless took place in 2017 NYC, then this outfit would have been Cher’s iconic, yellow, plaid skirt-suit ensemble. This look has transcended along the ages. Plaid never goes out of style, and neither does our lookbook! Christine of Louis Reign has shared with us that, “My style is edgy with a twist.…

    • 271 Words
    • 2 Pages
    Improved Essays
  • Superior Essays

    Chick-Fil-A Case Study

    • 710 Words
    • 3 Pages

    What is Google Wallet/Apple Pay and what do they do? Google Wallet is a phone application that allows consumers to use coupons, credit cards, to make transactions without having to swipe your credit card (Digital trends. Web). Similarly, Apple Pay uses the same platform for their customers through their apple owned devices such as the iPhone 6, iPhone 6 Plus, iPhone SE, and apple watch. In addition, all devices must be NFC compatible and contain an NFC chip.…

    • 710 Words
    • 3 Pages
    Superior Essays
  • Decent Essays

    This bulletin board is entitled “College 101.” The residents learned what to do and what not to do in college. For example, one of the tips on the bulletin board was, "DO GET INVOLVED ON CAMPUS – Becoming involved in student organizations at Otterbein will add an important dimension to your life. In addition to having a lot of fun, you will make new friends, contribute to important causes and learn new skills. Our numerous student organizations offer many opportunities beyond the classroom that will introduce you to new experiences, build communication and leadership skills and instill a pride in your campus community.…

    • 349 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    Year 12 Research Paper

    • 534 Words
    • 3 Pages

    1. Find out the numbers that has the greatest value a) 5.3 b) 4.99 c) 5.198 d) 5.04896 Children should have the ability to compare, order ad represent decimals (11, ACMNA105). The correct answer for the above question is 5.3. Some of the misconceptions could be:  some students may choose 4.99, with the misconception that 99 is the highest number, without considering the whole number, in which 4 is less than 5.…

    • 534 Words
    • 3 Pages
    Decent Essays
  • Improved Essays

    Communism Research Paper

    • 591 Words
    • 3 Pages

    The purpose of the investigation is to determine whether or not Communism was a threat to the internal security of the United States of America. The investigation will go to on the role the American government held in sensationalizing Communism and the general opinion the public held of it in order to determine the effects Communism had on the fabric of society. During the Cold War, a lot of politicians exploited the fear the average American citizen had of the Reds. Soviets in America by John Earl Haynes and Harvey Klehr, the McCarthy Era by Richard M. Fried are the two main sources of information. These books will then be evaluated in origin, purpose, values.…

    • 591 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    My summer is not going to be like any ordinary summers. I’m going to prepare myself for my senior year, and take FLVS courses. My goal over the summer is to complete two online courses and study the ACT. I’m also going to work my two part-time jobs to save money for college and a car. I am going to visit performing art schools in Florida and explore some online.…

    • 424 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Bytecoin Research Paper

    • 344 Words
    • 2 Pages

    Bytecoin is a popular cryptocurrency that you might be considering for investment, but it can take up to five days for a transaction to go through with some exchanges like Poloniex when things are delayed for maintenance. So, should you still buy it, and how do you get your coins quickly? What is Bytecoin? Bytecoin (BCN) is the cryptocurrency you will need to join the Bytecoin economy. You can store your BCN in your multi-sig wallet or Bytecoin wallet before exchanging and transferring them with complete privacy.…

    • 344 Words
    • 2 Pages
    Improved Essays
  • Decent Essays

    Hard Time Research Paper

    • 573 Words
    • 3 Pages

    I had a really hard time at first on how I was going to manage to be a full-time single mom as well as working a full-time job. But one I was able to accomplish that I knew in my heart that I would be able to add going back to school to that. I try to plan my day when I get up in the morning by that I mean I try to figure out when I get off how much time I will spend on homework and how much time I will spend on being a mommy and spending time with my daughter Emma. The one day that I take off from work and school is on Sunday's My daughter and I love to attend church with my mom on Sunday mornings. Other than that I don't a lot of time right now for family and friends because pretty much all of my free time goes to my daughter and my studies.…

    • 573 Words
    • 3 Pages
    Decent Essays
  • Superior Essays

    Silk Road Research Paper

    • 1533 Words
    • 7 Pages

    The Silk Road is one of the most famous trade routes that have ever existed. It has done a lot more for countries than just allowing for trade between countries. The Silk Road has allowed for different cultures to travel and enter into new places where new religions, art, and culture can flourish. We will look into how the Silk Road came into existence, the trade that took place on the path, and how cultures were able to spread across new lands. First we must look into how the Silk Road was developed.…

    • 1533 Words
    • 7 Pages
    Superior Essays
  • Improved Essays

    Business Analysis Of Ebay

    • 889 Words
    • 4 Pages

    Consider eBay as a company along the value chain. What is their value add within the value chain to a consumer? What about their affiliates? eBay offers their customers a platform to sell and buy goods.…

    • 889 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    You've reached a point where you believe you want to do something about investing. In you pocket you have $1000 and you think you can try out something and see how it goes. But the idea of losing your heard-earned $1000 is freaking you out. Every time you want to invest, all that comes to your mind is the horror stories you've heard people lose their savings and fortunes in stocks. What if I told you that you are wrong?What if I called you right now and told you that you could be getting a higher return on your investment with just $1000?Although you won't become a millionaire over time, but you could have at least learned the ropes and twist of investment.…

    • 926 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The future is extremely unpredictable and it is difficult to ascertain the kind of situations that we would have to face in the coming days and years. That is why, it becomes extremely important and vital to invest and save money in a strategic and proper manner. Some of the reasons why saving money is important are as follows: Emergency Funds: In order to tackle emergencies in a proper manner, you need to have a substantial amount of money that you have saved over a period of time.…

    • 791 Words
    • 4 Pages
    Improved Essays