Cryptocurrency is the new wave, and it is essential for you to take advantage of its benefits. Bitcoin has been enjoying massive acceptance in recent times which has seen its value gone up in the past few years. For the benefit of those who do not know how the coin came into existence, Bitcoin was created in 2009 to serve as a new type of digital currency that will replace money paper in the nearest future.
It can be exchanged for other currencies, products, and services and as at February 2015, over 100,000 merchants and vendors accept coins, and according to research, there is 2.9 to 5.8 million users now use cryptocurrency wallet. When it comes to converting your bitcoin to cash, it involves selling or exchanging processes. Though there are many ways by which you can transfer your bitcoin, is either you sell directly online, sell to an exchanger or make use of other means, no matter the method employ, transparency is the key. Sale of bitcoin is quite easy, it the process of exchanging bitcoin to cash but one needs to be very careful since the process of transferring bitcoin has no intermediary and to avoid scam, one needs a clear picture of that bitcoin exchange entails. One of the various ways by which BTC holder can exchange to cash is PayPal.
Do you know you can make more profits by buying bitcoins at a cheaper rate and sell when the price goes up?
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