Buy Bitcoin (BTC)

In late October 2017, bitcoin was worth just under $5600 - now it's worth a lot more. But what is Bitcoin and how does it all work?

Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency - is a type of money that is completely virtual. It's like an online version of cash. You can use it to buy products and services, but not many shops accept Bitcoin yet and some countries have banned it altogether. The physical Bitcoins you see in photos are a novelty. They would be worthless without the private codes printed inside them.

Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain. This makes it possible to trace the history of Bitcoins to stop people from spending coins they do not own, making copies or undo-ing transactions.

There are four main ways people get Bitcoins. You can buy Bitcoins using 'real' money, debit card, credit card or bank account. You can buy Bitcoins form us masscoinex.com. You can sell things and let people pay you with Bitcoins or they can be created using a computer.

In order for the Bitcoin system to work, people can make their computer process transactions for everybody. The computers are made to work out incredibly difficult sums. Occasionally they are rewarded with a Bitcoin for the owner to keep. People set up powerful computers just to try and get Bitcoins. This is called mining. But the sums are becoming more and more difficult to stop too many Bitcoins being generated. If you started mining now it could be years before you got a single Bitcoin. You could end up spending more money on electricity for your computer than the Bitcoin would be worth.

There are lots of things other than money which we consider valuable like gold and diamonds. The Aztecs used cocoa beans as money! Bitcoins are valuable because people are willing to exchange them for real goods and services, and even cash.

Some people like the fact that Bitcoin is not controlled by the government or banks. People can also spend their Bitcoins fairly anonymously. Although all transactions are recorded, nobody would know which 'account number' was yours unless you told them.

Every transaction is recorded publicly so it's very difficult to copy Bitcoins, make fake ones or spend ones you don't own. It is possible to lose your Bitcoin wallet or delete your Bitcoins and lose them forever. There have also been thefts from websites that let you store your Bitcoins remotely. The value of Bitcoins has gone up and down over the years since it was created in 2009 and some people don't think it's safe to turn your 'real' money into Bitcoins.

Bitcoin, the world's leading cryptocurrency, has become increasingly popular as an investment and digital currency. If you're looking to buy Bitcoin using credit and debit cards, Masscoinex.com offers a user-friendly platform to facilitate these transactions. In this comprehensive guide, we will walk you through the step-by-step process of buying Bitcoin on Masscoinex.com.

1. Create an Account:
Visit the Masscoinex.com website and sign up for an account by providing your email address and creating a secure password. Complete any additional registration steps as required.

2. Verify Your Account:
To comply with regulations and ensure security, Masscoinex.com may require identity verification. Follow the instructions to complete the verification process, which typically involves providing a government-issued ID and proof of address.

3. Add a Credit or Debit Card:
Navigate to the "Payment Methods" section on Masscoinex.com and select "Credit/Debit Card" as your preferred payment method. Enter your card details, including the card number, expiration date, CVV, and billing address.

4. Buy Bitcoin:
Once your card is linked, access the buying interface on Masscoinex.com. Specify the amount of Bitcoin you wish to purchase and review the transaction details, including the exchange rate and any applicable fees. When satisfied, confirm the transaction to complete the purchase.

Masscoinex.com provides a reliable and convenient platform for buying Bitcoin with credit and debit cards. By following the step-by-step instructions outlined in this guide, you can navigate the process seamlessly. Remember to exercise caution, keep your account and personal information secure, and stay informed about the dynamic cryptocurrency market. Happy trading!