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How Can I Buy Bitcoin?


You can either buy bitcoins from exchanges or openly from other people via marketplaces.

There are various methods, you can opt for its payment. From hard cash to credit and debit cards to wire transfers, or even with other cryptocurrencies, liable on - who you are buying them from and where you live.

 

In order to store a bitcoin, you'll need a place. In the world of bitcoin, it is known as “wallet”. These can be perceived as a bank account.

 

The security level varies from wallet to wallet, you can select them as per your requirement. Some are like routine spending accounts and are similar to a traditional leather wallet, whereas others tout military-grade protections.

 

Three main options available are:

 
  • A software wallet stored on the hard drive of your computer,
  • An online, web-based service
  • A 'vault' service that keeps your bitcoins protected offline or multisig wallet that uses a number of keys to protect the account.
 

Most have their liabilities: In case, you store bitcoins on your computer, back up your wallet regularly before it gets corrupted; and online web wallets offers a range of security benefits against hackers, from quite good (multi-factor authentication) to quite poor (ID and password).

 

 

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