If you’re thinking about purchasing some bitcoins then you’ve probably read a few articles on how to do so and then you’ve either looked at a few different pieces of literature to try to figure it out yourself, or you’ve actually purchased a few. Either way, you’ve likely received a number of questions from your friends, family members, coworkers, etc. What follows is a brief review of the most common questions asked about purchasing and securing an account with a particular online site that offers these bitcoins. Hopefully this will help shed some light on the matter.
Where do I buy them?
Simply put, you can purchase them almost anywhere. However, as you might expect, there are a few locations that are more popular than others. eBay is one of those places, but so is Amazon and Craigslist, among others. These are definitely your best bets, but your local supermarket might also have some in stock, or you could visit one of the many online trading sites.
Why should I use a service like this?
One of the greatest things about using the internet to make money is that there are literally thousands of options out there to choose from. In terms of what type of services you can provide and how you go about doing business, there’s absolutely no limit. You can offer a service where people give you money in exchange for a certificate of deposit (CD), a promise to pay that money back, etc. Or, you can run a Ponzi scheme by simply offering worthless pieces of paper as investments, and taking your profit and spending it on anything you want.
How do I know if I’m getting into the right place?
This is a major factor in every financial endeavor, regardless of the outcome. You’ll want to find a service that matches up with your level of experience and knowledge. If you don’t feel comfortable with the website, it’s likely that you’re not going to make the most of it.
Is it secure?
As a general rule, you should look for a site with a good security system. Some sites will only allow one deposit per person, meaning that if you purchase a lot of products or money you could end up paying a lot more money back than you would expect.
What does this mean to me?
If you’re considering purchasing something with Bitcoins, you should always buy it from a recognized site. This means that you can be sure that whoever you’re dealing with has a real business and isn’t just working some sort of scam. The site should be registered with the Better Business Bureau and should have plenty of testimonials to show that they’re legitimate. If you’re dealing with someone that doesn’t seem to be too concerned about their standing with the bureaus, then you might want to move along.
Do I have to deposit a lot of money to get started?
The only real rule when it comes to purchasing online is that you should only have to put down as much money as you want. If you’re just purchasing a little bit of money, then there shouldn’t be any charges because you’re not investing a lot.
Where should I keep my money? A
nother big question that comes up when you’re thinking about buying with Bitcoins is where you’re keeping your money. Because it’s all done digitally, you can keep it in an offline wallet just like you would keep cash. You should also use a physical mailbox for the offline wallet, since you don’t want to lose track of your money. If you’re purchasing a lot of products or money, then you may consider purchasing a merchant account so that you can receive money on a regular basis.