Recently, the price of Bitcoin has continued to rise, attracting the attention of many over-the-counter investors. Many novices outside the circle have asked what is going on with Bitcoin and where to buy Bitcoin. In response to these common-sense questions, we have made a full guide to Bitcoin beginners for your reference. This article is not a piece of investment advice, only for friends in need to learn.
Introduction to Bitcoin
Bitcoin is a peer-to-peer cash system, first proposed by Satoshi Nakamoto (a pseudonym) in a paper in 2008. In 2009, Satoshi Nakamoto launched the Bitcoin mining code on a server in Finland, and dug out the first block (also known as the genesis block) and received 50 Bitcoins.
How to buy Bitcoin
Bitcoin is generally purchased on cryptocurrency exchanges. There are currently more than 500 digital currency exchanges around the world.
So, which exchanges are better?
Choose a digital currency exchange-register-pass real-name authentication-buy bitcoin.
The Bitcoin purchase process is expected as follows:
Due to policy and other factors, Bitcoin purchase cannot find the exchange’s official website through search engines such as Baidu and Google. Huobi Exchange, for example, is challenging to find the official website of the exchange on Baidu.
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Currently, Huobi Group provides safe and reliable digital transaction and asset management services to millions of users in more than 130 countries worldwide. Huobi APP transactions are fast and safe, powerful and easy to use.
The question “How to create a Bitcoin Wallet?” is one that investors always search for. Why you would need to use a wallet if you are going to be using the internet to transact with currencies. You should also know how to backup your wallet and recover your private keys if the need arises.
The general process for buying Bitcoin is as follows:
- After registering the exchange, register and log in, and pass the real-name authentication;
- Choose legal currency transactions (some are OTC);
- Tie up your bank card, choose a merchant, and place an order;
- Pay fiat currency to the other party, and the other party will pay you bitcoin cash