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First mention about bitcoin was in 2008 when bitcoin.org domain was registered by y Satoshi Nakamoto with a link to a paper authored by titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. Nakamoto implemented the bitcoin software as open-source code and released it in 2009. On 3 January 2009, the bitcoin network was created when Nakamoto mined the starting block of the chain, known as the genesis block. Blockchain analysts estimate that Nakamoto had mined about one million bitcoins before disappearing. Nakamoto has never been fully identified however many people claim to be him but without any evidence. In todays bitcoin is main cryptocurreny it starts to be accepted by company and shops.
Read more: Bitcoin History?
The first essential step in buying Bitcoin is, well, knowing where to buy Bitcoin. Bitcoin is the most used cryptocurrency so it is not a problem to buy it on any cryptocurrency exchange. For the first purchase we can recommend the platform binance,coinbase,bitpanda. Or if you are a fan of p2p, localbitcoin or p2p binance. Alternatively bitcoin atm (this option is often highly charged).
Read more: Where Buy Bitcoin and more?
Storing your Bitcoin. If you want to buy Bitcoin or you already have some Bitcoin you have to find some safe place where you will put your Bitcoin. You have a lot of option’s. It depends on your idea of what you want done with your Bitcoin. Most common option is putting your Bitcoin into a software wallet. This option is relatively safe but not very practical. Second most common variant is to put your Bitcoin into some cryptocurrency stock, where your Bitcoin is not secured as it would be in a software wallet. But, you have more options on what you can do with your Bitcoin. You can sell your Bitcoin. You can buy more Bitcoin. You can exchange your Bitcoin. Or, you can lend your Bitcoin and make some profit off of them. It only depends on you. Newest way to storing your Bitcoin, is to put your Bitcoin into a hardware wallet. Be careful, because there are differences between hardware and software wallets. In a hardware wallet, your Bitcoin is absolutely safe. No one could steal your Bitcoin unless you lost your hardware wallet. Hardware wallets are technologically similar to a flash drive. If you damage or destroy this hardware wallet you will lose all of your Bitcoin. Be careful as this option is not practical. If your main concern is to gain more Bitcoin, we recommend you store it on your account here because you will earn yearly interest of 6%. But it only depends on what type of variant is best for you
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