Wealth

Buy Bitcoins Online

You may be asking, “Can you buy bitcoin? Should I Buy Bitcoin? Best place buy bitcoins?” I hope to help you answer all these questions.  TopJunkies.com is a professional review site that receives compensation from the companies whose products we review. TopJunkies.com is independently owned and the opinions expressed here are my own.

What is Bitcoin

Bitcoin was created in 2009 as a way of making anonymous transactions without banks. There are no transaction feesCan You Buy Bitcoin when using Bitcoin. Companies that accept Bitcoins include Subway, Microsoft, Whole Foods, and many more.

Can You Buy Bitcoin

Yes, anyone can buy Bitcoin, and you only need a single $1 to get started. Just like a dollar can be broken down into nickels and dimes, you can buy just a partial Bitcoin. You just need to sign up for a Coinbase account.

You can buy Bitcoin easily, once you set up your Coinbase account. Sign up HERE and you will get $10 free when you buy $100 worth of Bitcoin, instant 10% return

Once you set up a Coinbase account, you use a credit card, bank transfer (ACH), or debit card to purchase Bitcoins.The Bitcoins are then transferred to your account, and are stored securely in a virtual wallet. This wallet is your bank account that allows you to send or receive bitcoins, pay for goods or just keep them there for a later time.

If you want, you can sell your Bitcoin for cash, and have it deposited into your bank account.

Best place buy bitcoins

What is the Future of Bitcoin

Kay Van-Petersen, an analyst at Saxo Bank, estimates that a single Bitcoin could be worth $100,000 U.S. dollars in 10 years. That estimate is based upon these valuations:

  • Bitcoin may be accountable for 10 percent of the $5 trillion average daily volume in the foreign exchange market in 10 years, according to Saxo Bank analyst Kay Van-Petersen.
  • Its market capitalization may get to $1.75 trillion, and that equates to each bitcoin worth $100,000.

Best way buy bitcoin

Is Coinbase Secure

  • Coinbase is the world’s largest Bitcoin exchange.
  • Coinbase is based in San Francisco.
  • Coinbase was started by trusted investors.
  • Coinbase has customers in over 30 countries
  • Coinbase enables customers to buy cryptocurrencies Bitcoin, Ethereum, and Litecoin with a connected bank account, SEPA transfer, Interac Online, and many more payment methods

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Conclusion

If you do decide you would like to buy some Bitcoin, Coinbase is the worlds largest and most trusted exchange. If you have found this article to be helpful, please share with a friend. Please feel free to comment below.

 

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11 Comments

  1. Hi there.

    I am so close to buying some now, can you tell me how much one bitcoin is worth in USD at the moment?

    Also, can I just buy some worth 100USD and don´t do anything with them or do I have to reinvest them? I am totally new to that topic. I am aware of bitcoins since years actually but never really got into it. Maybe I should have.

  2. Have been looking around to buying bitcoins for a while now, coinbase looks like a good option. Thanks, I think I am going to try it tomorrow!

  3. My husband and I use coin base and do bit coin mining love this article it is very informative. Coin base is very easy to navigate I would recommend it for people just starting out.

  4. My father just suggested me Bitcoin last week and after reading your article I realized how easy is to buy Bitcoin. I actually needed this since while I am traveling I need a practical way to reach and deposit my money to my new bank account.

  5. I’ve heard of Bitcoins, but I never really knew what they were. Thank you for the clarification!

    What are the advantages to using Bitcoin? Other than no bank service charges? Can you make money from Bitcoin? It seems like a very lucrative investment option if Kay Van-Petersen’s projections are correct.

    Thanks for your help

    1. Bitcoin is instantaneous, unlike a check, which can take days to clear. There are no fees when you pay for something in Bitcoin either. It is decentralized, so the worl banks cannot take it away, and it is private. Bitcoin is also anti inflationary. It truly is the world currency.

  6. As someone who knows almost zero-nothing about Bitcoin, this article is indeed very informative. But not knowing ie lack of experience , injects a bit of fear into the equation. I read in the newspaper that Bitcoin will soon be regulated ? Is this true? Can this happen. Also, from what I see, Bitcoin is going through the roof !? Is a fall not imminent ?! Is it not a case that those who bought at the start will benefit as they can sell for a heck of a lot more than what they bought for?

    1. I would be interested in reading that article about regulation Roy. Please share. As far future price speculation, nobody knows. Same with investments on general, the people who are saying it is going down are the same ones who are buying Bitcoin. I think the best thing to do is decide if you want to participate, and be realistic about your tolerance for risk. But remember,  you miss 100% of the shots you never take.  

  7. Wow! It seems like bitcoins have grown overnight. You have provided us with a lot of information to buy them. This is definitely something to consider in the near future. You seem to make it easy to start purchasing bitcoins and more understandable than other sites that speak about it. Thank you for making it easy!

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