For those people who are looking
to buy real Bitcoins one of the most popular options is to use a company called
a Bitcoin exchange where you are allowed to trade your currency such as euros,
pound, or dollars into Bitcoins. It is important for individual investors to
understand some of the risks associated with Bitcoins and to know that
transacting with a Bitcoin exchange is not always necessarily safe as there
have been several Bitcoin exchange companies that have been shut down due to
fraudulent behavior.
Look For Online Reviews before
Buying
There are a small number of
Bitcoin exchanges today that have established themselves as industry leaders,
and these companies will have a large number of positive reviews on the
internet. Just as you might do if you were considering making any other sort of
purchase on the internet, you should take the time to check the reviews and see
what other people have to say about their experiences working with that
company. Stay away from exchanges that have a large number of negative reviews
and a small number of positive reviews.
Independent Digital Wallet or
Bitcoin Exchange Account?
It is important to understand the
difference between having your own digital wallet software that you are running
on your computer or mobile phone where your Bitcoins are stored, and setting up
an account at a Bitcoin exchange company where you’re Bitcoins will be stored.
The primary difference between these two is that you alone will have complete
100% control over your digital wallet if it is stored on your own device, and
you will have less control if you store your Bitcoins in an account at a
Bitcoin exchange company. The ideal situation would be to have your Bitcoins in
your own digital wallet since you become more dependent on the exchange company
since they are going to be the ones who control your account.
About the Author
Discover the money making secrets
of Litecoin Shop users by clicking
on Litecoin Store.
This article may be reprinted
with a link to http://bitroad.co.uk/
0 comments:
Post a Comment