How to Buy Bitcoin
The first step in buying bitcoins is acquiring a wallet. This is what the software that contains your bitcoins is called – a wallet. It is this wallet that allows you to join the bitcoin world. Think of it like getting a bank account. You need it to participate in the money world. Even if you stash your cash under your mattress, usually it comes to you in checks and money orders or direct deposit. You need to have someplace where you can access this cash. Once you have your bitcoin wallet, you are ready to receive bitcoins. You used to be able to use PayPal to buy bitcoins but a potential problem arose. Bitcoin buy and sell transactions are completely tracked and protected so it is not possible to say that you paid for bitcoins and never received them. It’s a done deal when you buy bitcoins. No chargebacks. No denial of receipt. Paypal has developed a high level of trust because it offers protection to buyers and sellers. There is a little loophole here that caused a pro...