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A Guide To Own Bitcoin Cryptocurrency For Newbies

Everyone of you must have come across this term Bitcoin Cryptocurrency at least once in your lifetime. As a beginner it must have definitely stroke you with some basic questions like:

  • “What is bitcoin?”
  • “How do I invest in Bitcoin”
  • “How much money can I make through Bitcoin” etc.

In this article, you will given a basic guide on how to invest and own Bitcoin Cryptocurrency.

So Bitcoin as you know is not a real money or currency. It is in simple words, a digital currency. It is linked with the global market and thus the price of a bitcoin fluctuates with time and crisis. In other words the concept is similar to investing in securities and earning from them.

Starting with Bitcoin investment

The first and foremost task is to find a suitable Bitcoin faucet and sign up with it. A Bitcoin faucet is like an exchange which controls the flow of Bitcoins and also help you purchase bitcoins with cash. These sites are secured sites and they too accept only verified customers. Hence you will have to go through a verification check in the process of signing up.

After successfully signing up, you can purchase bitcoins from the site using any card payment method. Thus now you have your first investment in Bitcoin locked. The Bitcoins need to be ‘stored’ in what is called digital wallets. There are many options to choose from where you will keep your bitcoins. After choosing a good wallet company, you will receive your wallet public ID and a private key. Using these you can access your bitcoins anytime from anywhere.

Lastly you need to keep researching and tracking the value of your Bitcoin or speculations provided by experts. You can start from Bitcointalk, a forum where expert Cryptocurrency investors and developers keep on discussing issues related to bitcoins.