Investment in Bitcoins

The new era of CryptoCurrency : Bitcoins




From the past few days you might notice that the crypto currency price is surging.So there might be many questions in your mind,like,What is a bitcoin?What is bitcoin mining?Is it worth to invest in bitcoins?How to invest and how to buy and sell them?.
In this post I will try to answer all of your questions one by one.

Who invented Bitcoin and What it is?

Satoshi Nakamoto is the mastermind behind the creation of Bitcoin.The first bitcoin 
were introduced in 30th October 2008.It is a peer to peer electronic cash system.Unlike bank or any other cash related systems,Bitcoins are not govern by any authorities.So there is a high fluctuation in the price of bitcoins.As of today the price of 1 Bitcoin equals 2715.96 US Dollar (Note that this price changes everyday).
Since it is a cryptocurrency ,It is as strong as bitcoins community put trust into it.In an instant its value could become nothing.Though over the years it has shown tremendous surging and its still increasing.

What are some of the major companies accepting Bitcoins?

  • Dell

    You can buy anything from Dell.com using your bitcoins.They are enthusiastic about this cryptocurrency and may support it in future also.

  • Microsoft

    The tech giant Microsoft is also supporting this currency.You need to create an account in the microsoft to buy its products.Though you cannot buy its material products but  variety of digital products, including Windows applications and games, music games and Xbox, and also products for the Windows Phone can be bought.

  • Expedia

    The tour operator Expedia accepts payment in Bitcoins through Coinbase. Pay a trip Bitcoins online is as simple as a credit or debit card. Coinbase Users can take advantage of cancellation or return of paid funds. Returns are in US dollars.

There are many other companies which supports this system,I'm not gonna name them here.


How to buy and sell Bitcoins?

There are many websites which provides this facility.In order to buy or sell coins.You need to create a wallet on these sites.After creating wallet you need to verify it by giving details like driving license number or any other verification they ask.

These are some of the most trusted site from where you can buy and at the same time trade your coins.


Coinbase operates one of the most popular wallets and is an simple way to buy and sell bitcoins.


Localbitcoins matches buyers and sellers online and in-person,locally worldwide.


It allows purchases with credit cards and debit cards for the verified users.


It has vast range of payment options for UK buyers.


It is known for its ease of use and bitcoin cold storage vault.

In the above mention sites you can sell your coins through three ways :

  • The first way is to peer-to-peer trading that allow user to obtain discounted goods with there coins.You can recharge,buy goods,etc.
  • The second way is through online exchange trade with other exchanges rather than another individual.
  • Last is through direct trading with another person.


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