Probably you have been wondering how you can easily buy bitcoins and be like the people around you. Or probably you have just been educated about the value of buying bitcoins and need to find out how you can get them. Well, read on for more insights.
The first thing you must do is to buy a bitcoin wallet. This wallet is like a normal bank account; where you will be keeping the private keys to enable you access your bitcoins. Once you have the wallet, the next step is to find the bitcoins. You can buy them from:
- Exchanges
- People selling them
You may decide to pay for them in a number of ways, one of it is using hard cash. You could also use your debit or credit card. You could also use other crypto currencies. The means of paying for them is determined by who you are buying the bitcoins from.
A Point Of Caution
A debit or credit card is not the easiest way of buying bitcoins. Actually, many will tell you that it is a difficult way on how to buy bitcoins. This is because there has been a big issue with the reversal of the transactional processes via phone calls. However, there are many other options that are coming up in today’s world, and hence there is no need to worry about how you will pay for bitcoins.
Types of Wallets and Their Vulnerabilities
Once you have bought bitcoins, you can store them through the private keys in in your wallet. There are main types of wallets namely:
- Software wallets
- Online wallets
Both of the wallets above are equally good. However, one has to be very careful about the security details. There has been ranging concerns about the vulnerability of wallets in today’s world when cybercrime is on the rise. Fortunately, you can have a backup drive on your computer so that you can still store your bitcoins in your wallet even in the light of online corruption and malpractices.