Why use bitcoin?
It’s fast
You can send money anywhere, and it will arrive minutes later, after the bitcoin network processes the payment. When the transaction is with a foreign bank to your bank often holds the money for a few days because of the need to check the availability of funds from a foreign bank. For the same reason, international transactions of relatively long duration. Payments using bitcoins are usually shorter. Payments can be rapid, if not checked, which means that the business partner assumes the risk of untested acceptance of the transaction. The alternative is a 10-minute delay if the buyer the Government of such confirmation. This is much faster than any interbank transfers. Money can be sent anywhere, and more importantly, can reach in a few minutes soon after being processed by the network Bitcoin.
It’s cheap
Are you saying that your card is trading instantly? Well, it's true. However, both you and your business partner pay for the privilege. Some partners charge a fee for debit card transactions. This is due to the need to pay for them so. "swipe-fee".
How to store your BTC
Although you don’t technically store bitcoins anywhere. What you
store are the secure digital keys to access your public bitcoin
addresses and sign transactions. This information is stored in a bitcoin
wallet.Bitcoin wallets come in a variety of forms. There are three main types of wallet: desktop, mobile, and web. Here’s how they work.
BTC wallets store the private keys that you need to access a bitcoin address and spend your funds. They come in different forms, designed for different types of device. You can even use paper storage. It is important to secure and back up your bitcoin wallet.
Desktop bitcoin wallets
If the original client BTC (Bitcoin-Qt) is already installed on your PC, you already have a wallet without even knowing it. In addition, this software allows you to create BTC address to send and receive virtual currency and keep the key. There are other software portfolios BTC, each with different properties and funkcjiami. Multibit runs on Windows, Mac OSX and Linux. Hive is a portfolio based on information that OSX with interesting possibilities, including application enabling direct connection to the service BTC. Some software portfolios are focused on safety. Armory is located in this category. Others take priority anonymity. DarkWallet will be focused on anonymity. Using a browser plug-ins, third parties will refrain from Tracking transactions.
How to sell bitcoin
Selling bitcoin isn’t quite as straightforward as buying bitcoin, but fortunately CoinDesk is here to help. This guide will give you all the information you need to cash out your digital currency.
When deciding how to sell your bitcoin, you first need to consider which method best suits your situation: selling bitcoin in-person or selling bitcoin online. Each option has its own advantages and disadvantages.
Selling bitcoin online
Selling bitcoin online is by far the more common way of trading your
bitcoin. There are two ways to go about selling bitcoin online:1. The first way involves a direct trade with another person, the intermediary facilitating the connection.
2. The second way is through an online exchange, where your trade is with the exchange rather than another individual.
Direct trades: Websites that offer this type of selling structure include Coinbase and LocalBitcoins in the US and BitBargain UK and Bittylicious in the UK.
On these sites, you will usually have to register as a seller. This involves verifying your identity, which we will discuss again later. Once you have registered, you can post an offer, signalling that you want to sell, and the website will alert you when a buyer wants to trade with you. From there, your interaction is solely with the buyer, but you use the website to complete your trade.
The process of selling on Bitbargain UK and (more so) Bittylicious can be quite involved and requires some patience. However, support at the former site has been great in our experience. Bitcoin users with bank accounts in the United States should consider using Coinbase, which has won many fans with its simplicity.
Sell Bitcoin for Other Crypto currencies
Exchanges: Another way to sell BTC is to register for the online marketplace. In a further verification of the identity will be required, but not so specific. Exchange act as an intermediary with the means of all the users. By setting the offer (like buying), specifying the quantity and type of currency that is for sale (eg. BTC) as well as the price per unit. Once a match is kupier, the stock market will make transactions. Currency will be transferred to the account of srzedawcy. The disadvantage of this method is that by selling fiat money (having no basis in gold) is required to entrust them to the bank. If the stock market has liquidity problems or conflict with the bank, can be a long wait to receive funds. Mt. Gox became (in) famous the same reason, and BTC meet recently with a similar plague. Therefore, you need to carefully examine the selected stock exchange. Examples of other exchanges are Kraken, Vircurex and Bitstamp. Alternatively you can use the simple exchange Cryptocurrency. It is less likely that someone will want to conduct transactions in this way, but there are reasons for such. Arbitration rare occasions a stock or pay for services (eg, The Oxford Blue Pub sometimes accepts Feathercoiny). Examples of such sites are Bter and Cryptsy. In addition, the required fee for the use of certain exchanges. Mt. Gox deletes a minimum fee of 0.25% and a maximum of 0.6%, while the BTC fixed charge 0.2%. Another reason to think the limit is that you can save money in the stock market (it varies from time to time). Apart from this, it is reasonable to keep all funds in the stock market, even if it is "easy way". Responsibility for their own funds rests with the owner, and store them on her own, devices and accounts is safer than trusting the stock market, which could become hacked.
