What Is 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 $10,000! 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 $10.
There are many BTC wallet providers, one of the most widely used is Blockchain. They offer a secure & simple online wallet to store your bitcoins and handle your transactions. Another popular bitcoin wallet many use is called the Ledger Nano X. This is known as a hardware wallet and is one of the safest ways to store crypto currency.
Our list of the best sports betting websites features a selection of companies that accept deposits/withdrawals in Bitcoin, as well as other froms of crypto. If you wish to purchase crypto currency, there are several reliable and safe sites to choose from. We’ve listed a few of the most popular below.
Where To Buy Bitcoin
This site 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 crypto currency and use there online wallet for storage. We recommend to always move your coins to a wallet where you control the private keys. This way you have full access to your funds at all times.
This is one of the quickest methods for purchasing bitcoin. You can use their secure site to buy bitcoin, ethereum and other digital currencies using a credit card. This type of site usually incurs a higher fee per transaction.
A well established exchange. You can purchase cryptocurrency using a bank account, credit card or PayPal in certain countries. They are registered in the UK and have a fantastic reputation.