Bitcoin is a future payment method for everything?

Bitcoin future payment method for everything?

Did you guys knows about bitcoin then it’s good. Before you buying Bitcoin you must know the Bitcoin future.
Please read the below questions for your safe because you’re going to spend lots of money.
Here is the list of questions for before buying bitcoin?

 

1.The very first and very important question is “Is bitcoin is legal in your country?” ?

This is the very very important question am i correct?

Yes. absolutely am I correct?

Because lot’s of big countries like “India” bitcoin is not legal.

And United states and China also not legal depends on whose using.

Well now it’s time for next question suppose bitcoin is legal in your country go to next question

So the next question is absolutely


2. What is bitcoin?

Bitcoin is previously called Crypto Currency.

That is means Peer-to-Peer Electronic Cash System.

Bitcoin was introduced on 31 October 2008.

That means if you buy a bitcoin from any one they will move bitcoin to your bitcoin wallet.

Usually one bit coin value (1 BTC) is really high

896.26 USD

857 Euro

730 Pound

60707 INR

So they will sale it as liquid.

If you want you can buy 0.0001 BTC bitcoin.
And the next question is:

 

3. Where will I buy bitcoins?

You can buy bitcoin from online website.
I will update soon the list of sites selling and buying bitcoins.

4. Is bitcoin transaction is really safe?

And the another important question is bitcoin transaction is really safe?
Bitcoin is providing more security but you will read more at Wikipedia about the security.

https://en.wikipedia.org/wiki/Bitcoin#Security

Don’t forget Also the security not based only on transaction it is also based on wallet.
So please aware of the wallet you are using.

 

5. Is it refundable if you paid to unknown person?

If you done any transaction issued with Bitcoin(BTC) cannot be reversed so be careful.
That is possible only if the person refunded the amount which he got received from you.
That means you should think before transferring the amount to do business with people and organizations you know and trust, or who have an established reputation brands.

6. Is bitcoin worth is constant?

Nope. The price or value of a bitcoin can be unpredictably increase or decrease  very high in a short period of time due to its very new to economy.
keeping your savings with Bitcoin is strictly not recommended at this point because of the instability.
Bitcoin seem like a high risk asset.
So you should never store money that you cannot afford to lose with Bitcoin.
If you receive payments with Bitcoin then change it to local currency immediately mostly many service providers can convert them to your local currency.

7. Is bitcoin is internationally acceptable?

Yes it is internationally acceptable but that is also depends on local legal right.
Some of the best Bitcoin buy and sell website are below. If you like it then by.1. purse.io2. CoinBase

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2 Comments

Lee tha · December 31, 2016 at 4:29 am

Appreciate your work

    Admin · June 6, 2017 at 12:01 pm

    Thanks

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