Cryptocurrency, such as Bitcoin, has become a phenomenon in today’s digital world. Although there are millions of people that are currently using this new line of currency, there are still millions of people with little to no knowledge or are a little skeptical. Let’s face it, we are moving towards a cashless society. With the extensive use of debit/credit cards, plus apps that offer Apple and Android pay, which allow you to use your phone to make a purchase.
Why not create a special type of currency that allows everyone to do the same thing, without the use of a bank? To answer this question we are going to take an in-depth look at, how cryptocurrency works, how you can purchase, and a wonderful way you can save money in making this transition.
There are a few types of cryptocurrencies available. One of those types we are going to highlight is the first and most common.
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Bitcoin
Bitcoin is a digital currency that is used without the intervention of a 3rd party such as a centralized bank or administration. It’s peer to peer transactions and it’s a way where you can control your own wealth. The concept was first introduced around 2009 by Satoshi Nakamoto.
An interesting fact about the founder of Bitcoin is that no one knows who Satoshi is. Satoshi is either a stand-alone guy or a group of people. All we know that this is the name behind the experience. Many merchants and vendors accept bitcoin as a form of payment. Many of you are wondering how can you “jump on the bandwagon?” You can either trade in your currency to a bitcoin exchange such as SpectroCoin or Kracken, or you can find a Bitcoin saving platform such as Cryptosaver to get started.
Before you can start saving with Cryptosaver, you need to set up a digital wallet. The company recommends that you visit www.Jaxx.io to start your wallet. There are various platforms to use but this one is the easiest.You find the type of cryptocurrency that works best for you. Keep in mind that there are a few of them that are out there. So it’s imperative that you find the one that suits your needs.
Once your wallets are set up you can now register with Crypto saver, there you can start up a savings plan, set up an automatic payment and/or you can do what they like to call a one- time kick-off payment. Note: Your balance will be available within a few days. After you reach this part of the transaction you will be able to buy, sell, and purchase with different merchants.
The biggest reasons people are investing in cryptocurrency is…
- It puts you in control of your own money. You conduct peer to peer transactions and you can use bitcoins anywhere they are accepted.
- Most people that own bitcoins have other investments too. This would be a great way to add some versatility to your financial portfolio.
- Finally, it has great growth potential. You can watch with excitement how your bitcoins mature and gain value.
Cryptocurrency has been and will continue to be a growing phenomenon. Even though millions of people are implementing this new method of currency as a form of payment, there are still those few millions of people that we need to educate to take the skepticism away. It’s important that we share our personal experiences with other people so that they know what to expect and invest with confidence. It’s no doubt that we are evolving to a cashless society. With sites such as Cryptosaver to guide you, making this transition has just gotten a little easier.
If you are interested in even more cryptocurrency-related articles and information from us here at Bit Rebels then we have a lot to choose from.
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