Bitcoin

What Is Bitcoin?

bitcoin

Bitcoin: The First Digital Currency

Bitcoin is the world’s first Crypto Currency, which is a form of digital money. It was created by Satoshi Nakamoto in 2008. It uses a decentralized network and cryptography to provide secure storage & transfers. All transactions are logged on a distributed ledger called the Blockchain. Every transaction is broadcast and recorded on this network, making them transparent.

Since its birth, bitcoin (BTC) has exploded in popularity as people start to discover its potential and use it in the digital world. Fast forward to today and one bitcoin now costs over $7000! Many of the best sports betting websites have started accepting Bitcoin for their customers banking needs.

Bitcoins are easy to use, can be stored safely on your computer or online wallet and can be accessed at any time, from anywhere in the world. This is incredibly handy when you’re looking to do online transactions. A BTC can be broken down into smaller amounts. So if you’re looking to do a smaller transaction you can send a fraction, eg. 0.001 bitcoin, which is roughly $7.

There are many BTC wallet providers, one of the most widely used is Blockchain. They offer a secure & simple online wallet to handle your transactions.

Our list of the best sports betting websites features a selection of companies that accept deposits/withdrawals in Bitcoin. If you wish to purchase crypto currency, there are several methods available to choose from. We’ve listed a few of the most popular & safest below.

Paxful is one of our favorite ways to purchase Bitcoin and other crypto currencies. They accept 100’s of different payment methods including bank, credit card, gift cards and PayPal. The offer a secure peer to peer platform that uses an escrow to hold the sellers bitcoins before you pay for them. This is great as it means a seller can’t just back out and scam you.

Coinbase Is arguably the most well-known cryptocurrency exchange. Users can securely buy a range of cryptos.

Changelly: This is one of the quickest methods for purchasing bitcoin. You can use their secure site to buy bitcoins using a credit card.

CEX: A well established exchange. You can purchase cryptocurrency using a bank account or credit card.

[eafl id=”151″ name=”Coinbase” text=”Get Bitcoin @ Coinbase”]

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