How to buy Bitcoin with BitXNUMXMe

If we understand Bitcoin as a currency, we will also understand that can be obtained like any other currency. For example, by accepting payments or donations in Bitcoin. It is exactly the same (or very similar) to receiving a payment in Euros or Dollars. You simply provide someone with your checking account number, which in this case is one of your wallet addresses, and the payer sends the agreed upon amount of Bitcoin there. Then, you receive those coins and you can use them whenever you want. The process is quick and discreet with the added variable that no one can seize or block your money. Remember, with Bitcoin you are your own bank.

[highlighted]>> Invest in Bitcoin NOW[/highlighted]

It is simple. Look, if you want to give me a joy send me some Bitcoin (or, well, some fraction of Bitcoin) to this address: 1AYj85G4nZ87HYCxzMWP5fDaa49EsxG6SU

If you have an online store there are numerous plugins to receive payments in Bitcoin. This means that you can charge in fiat currency as before using the usual methods: payment gateway, Paypal, etc. and also give the option to pay in Bitcoin. Normally these plugins make the conversion to Bitcoin from the price in Euros or the currency used in your country. For instance, coingate ofrece plugins and payment buttons for numerous e-commerce platforms such as Woocommerce, Magento, Opencart, Prestashop, osCommerce, VirtueMart, VHMCS or ZenCart. But there are many more, so you will have to compare and use the one that suits you best or is easiest for you to implement. For the WordPress platform, which is one of the most used, you will find one large number of plugins. It is very interesting to offer this option to your customers because, although it may not seem like it, it will allow you to stand out from those other stores that do not offer this option. Don't forget that more and more people use cryptocurrencies.

You can ask yourself if charging in Bitcoin or other cryptocurrencies is legal. The truth is that they do (at least in most civilized countries), just as it is legal to be paid in kind or by barter. Sales paid in Bitcoin are in any case declared as sales made in legal tender. You have sold for a value of 100 euros even though you have charged in Bitcoin so there is no problem if you want to have your accounting in the field of the strictest legality.

How to buy Bitcoin?

Of course, Bitcoin can be bought like any other digital asset or like anything else in general, paying its price. Until now it was not a rare thing to buy currency from another country. Many times we have to do it to travel so we go to a bank or an exchange house and we get those coins by paying for them. Whoever sells them to us offers a price for the exchange and if we agree we pay and take the stipulated amount of bills of that other currency.

For Bitcoin there are also exchange houses But as the options of currencies and cryptocurrencies at our disposal are many, we will see that we can change to Bitcoin from each of them. Basically we can consider buying Bitcoin in two ways: with fiat currency or with other cryptocurrencies.

Buy Bitcoin with fiat currency

Fiat currency is the legal tender used in your country or community of countries. There are exchange houses that allow you to obtain Bitcoin from fiat currency. The usual procedure is to enter fiat currency through bank transfer or another method and from our account in the exchange or exchange house we can acquire Bitcoin. On the contrary, if we want to sell Bitcoin we have to send them to the Exchange first and from there put the sell orders at the price we want or sell directly to someone who wants to buy at a certain price. Let's look at some of the most popular exchanges:

• Coinbase.- It is one of the main exchanges where people buy Bitcoin. You can currently buy Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
• Creak.- It is an exchange house based in the USA that allows acquire Bitcoin by paying with Euros, US Dollars, Canadian Dollars or Yens. The Commissions to buy or sell vary according to the volume of each transaction from 0% to 0.26%.
• BitcoinDe.- is one of the most interesting European exchanges. It is German and has been operating for years with the precision and seriousness that is almost always attributed to the Germans. The procedure is somewhat different from that of Kraken since, in this case, you do not have to send fiat currency to the Exchange but to the user who is going to sell you the Bitcoin. The Exchange only holds the Bitcoin and when the seller marks the bank transfer made by the buyer as received, then the latter receives the Bitcoin. If there is a dispute (the seller says that he has not received the transfer) then a process is opened in which you will have to prove that the transfer has been made and see what has happened. Usually there should be no problem and, in any case, both sellers and buyers are acquiring increasing levels of reputation when they make exchanges without problems.
• Online wallets in which you can also buy Bitcoin. For instance, Blockchain.info or Xapo Wallet allow you to easily acquire Bitcoins, usually by linking a bank account, a credit card or many other online payment methods.
• bit2me.- It is a company dedicated to buying and selling Bitcoin as well as managing its own Bitcoin ATMs. It can be purchased by bank transfer, credit card or other means. Also sell Bitcoin and receive fiat currency by transfer or ATM (Halcash, in some countries; Spain, for example).
• LocalBitcoin.- This site has been operating for many years and putting buyers and sellers in contact. I mean, you buy and sell Bitcoin directly to people either online or in person. That is why it shows you the sellers closest to your location so that you can meet and make the exchange. All parties involved are part of a reputation system. If you choose a seller-buyer with a good reputation and lots of ready-made exchanges, you shouldn't have any problems. Online sales are usually made by transfer. The face-to-face ones just like when we were meeting someone to exchange stickers. Since you may not know the buyer / seller, it is logical and advisable to stay in a public place. By saving the logical reserves, Bitcoins can be obtained or sold following a pattern of basic precautions that can be extended for any interaction on the Internet.

 

• Mycelium Wallet.- It is a wallet for iOS and Android that integrates options to buy and sell Bitcoin both by bank transfer, means in which you can use a card and also directly with nearby users.

In most of the exchanges in which you can buy with fiat currency you will have to fully identify yourself in order to buy and sell Bitcoin. This means sharing your phone number, address, ID, and even a photo. This can be inconvenient for some people who cannot or want to identify themselves; not necessarily people who intend to commit criminal acts or things like that. There are also activists working for freedom of expression in many countries where it is not convenient for their finances to be known. Privacy is not the only thing that concerns people who live badly. Anyway, when you use a bank transfer or a credit or debit card you are no longer anonymous; Unless you use a special trick, which there are also but it is no longer a matter to deal with it in this article.

Buy Bitcoin with other cryptocurrencies

If you already own a certain amount of other cryptocurrencies, it is very easy to exchange them for Bitcoin. There are also exchange houses or Exchanges that work only with cryptocurrencies in such a way that you send the personal wallet that provides you with the cryptocurrency or cryptocurrencies that you have and you can sell it there in exchange for Bitcoin.

• Poloniex.- exchange based in the USA, one of the best known that only works with cryptocurrencies. It requires full identification to operate on it.
• Bittrex.- Another of the highlights, also based in the USA and that requires a complete identification to be able to operate. If a user is not correctly identified, he will not be able to get any cryptocurrency from there; it is important to take this into account.

But there are also cryptocurrency exchanges based in countries with more lax laws that, in general or for the moment, do not require full identification of their users, for example:

• Binance  y Kucoin  They are two Chinese Exchanges that seem to work without problems with their users based outside of China. Both also have an application for mobile devices with which it is quite easy to operate if you have a basic knowledge of how to buy and sell on these types of sites. They all work in a very similar way and even their graphical interfaces are similar.

The procedure to buy and sell in an Exchange is simpler than it seems if we do not enter into sophisticated trading techniques. Exchanges provide personal wallets for all the cryptocurrencies they accept. Users send their crypto to their wallet address on the Exchange. Once they are there, you can sell them for Bitcoin, Ether, and maybe a few more. In the case of Binance, they also have their own currency that is listed on their market and can be acquired with almost any of the other cryptocurrencies, called BNB. BNB can also be used to pay transaction fees.

Changes on the fly

Sites that allow you to exchange some cryptocurrencies for others quickly and without the need for any identification. You simply send the cryptos to the address they provide you, indicate the address where you want to receive the Bitcoin (or the digital currency that you have chosen among the options) and the whole process is done in a fairly short period of time, usually a few minutes. . Examples of these sites are:

• Changelly.- It offers exchange pairs between many cryptocurrencies and you can also buy with dollars or euros using a credit card.
• Shapeshiftt.- works purely with cryptocurrencies and does not require registration.
• FlypMe.- It also does not require registration and is incorporating a growing number of cryptocurrencies.

What comes

Putting doors to the field, you know, is complicated. Bitcoin was born with the idea of ​​bringing freedom to the world of finance, democratizing money and providing everyone with services that until now were only the property of banks.. Therefore, despite the persistent wishes to regulate cryptocurrencies, identify users and try to keep them under the control of the States, things do not seem to be easy. The addresses of a wallet are virtually anonymous and it is not easy to associate them with people with first and last names unless you reveal that relationship yourself. Exchanges conceived as companies whose business name is in a specific territory or country can be controlled. Naturally, any State can request the data and transactions of those who operate in these Exchanges on pain of closing the business. And I do not doubt that this will be done. However, it is not so easy to control transactions between people or those that are carried out by the method that I have described as "changes on the fly." As if that were not enough, we are about to live the emergence of decentralized exchanges that, since they are not registered in any country and consist of P2P (peer to peer) exchanges from user to user and sustained by a network of servers distributed throughout the world ... things are as difficult to control as the Torrent files that are used to exchange digital files.

The fundamental issue in the development of decentralized Exchanges lies in security and trust. Not only is it possible to build them with a reputation system that facilitates relationships between users, but it is also possible to provide them with security measures as powerful as those of centralized Exchanges. Through multi-signature wallets it is possible to custody the cryptocurrencies to be exchanged so that they are only delivered when the first transaction has been made with the approval of at least two parties. But there is even more, models are being developed in which it is possible to exchange cryptoassets between different blockchains (atomic swaps) through smart contracts that do not require human intervention so that transactions are carried out with complete reliability and security.

At the moment, decentralized exchanges are more or less in an initial phase of development, so they are not yet usable for most users. However, it is good to take a look at your roadmaps because represent the true future of cryptocurrency exchange. Let's see some of these projects:

• Upcoin.- currently in beta phase and planning to officially start being fully operational around March 2018. It will offer a huge range of cryptocurrencies to exchange with really low commissions. Its development team publishes daily progress on your Telegram group.
• Ethos.- It will be a universal wallet, social network and decentralized person-to-person exchange platform. At all times the private keys of your digital assets or cryptocurrencies remain in your custody, which is an important difference compared to centralized exchanges. Telegram Group.
• Waves.- He is another of those who is giving a lot to talk about, creating very good expectations. Also in beta phase, the deployment of its most desired features is scheduled to take place throughout 2018. Telegram Group.
• Bitshares.- It is working in a more than acceptable way so it will be good that we stop to examine it a bit. Being a totally decentralized Exchange, when registering, you must concentrate on keeping very well the password that the system generates for you. No one will be able to help you get your account back if you lose it. The look of the Exchange is very similar to all the others

And, naturally, you must make a deposit of the cryptocurrency you want to use to buy another to the address provided.

The operation of this type of Exchange is based on the fact that users exchange tokens backed by the capital of cryptocurrencies that have been uploaded. It is like a little magic trick that provides greater security and makes the system easier to operate. It is also nothing new if you think about the chips in a casino. When you enter a casino you exchange money for chips, you play with them and when you leave you change the chips for money again. This is something similar.

Keep in mind, however, that decentralized exchanges are something completely new, most of them in beta or testing phase, and that the learning curve to deal with them is significantly longer than with a centralized exchange.. However, the advantages are obvious: on the one hand, greater control over your cryptocurrencies and, on the other, that it is not necessary to identify yourself to operate as well as that they are not Exchanges that can be closed at the request of a State. In general, decentralized exchanges are much more secure and reliable than a centralized one and, obviously, they are the natural evolution of these. Therefore, it is important that you pay attention to their development, although I do not recommend, even, that you use them if you have not yet come to feel comfortable or have experience with the more "traditional" means of exchange of cryptocurrencies.

There are many more projects underway or in development. Some work online and others require the installation of some specific software: Barterdex, CryptoBridge… Surely this is moving faster than we can reasonably write; but we will not stop showing you the best and most useful from here.