How do buying and selling bitcoin work?

Now, you are aware of the existence of bitcoin; moreover, you have discovered this amazing network. Investing in this famous cryptocurrency has even passed in your mind, but you do not know what to do. It is crucial to make you understand that we do not recommend you to buy it; it is just a guide for people who want to invest but do not know the steps.

However, our suggestion for you is ‘Never invest more than you can afford to loose.

 

CREATE THE BEST WALLET

First, a wallet is something where you can keep in your bitcoin. It is a kind of software where you can store your bitcoins. Clearly, there is a private key which is secret key for every bitcoin address; then it is saved in the bitcoin wallet. In addition to that, it helps the bitcoin owner to send and receive bitcoins easily.

A wallet can take any types such as mobile, or web, or desktop, or hardware.

CREATE AN ACCOUNT IN AN EXCHANGE

Bitcoin exchanges are taking an important role in promoting the cryptocurrency by facilitating its use. In another way, those who use bitcoin often do their transactions through an exchange.

A bitcoin exchange is a site which is related to trading bitcoins or other cryptocurrencies.  Remember that choosing an exchange is a crucial act; then we should pay attention to it in order to make our cryptocurrency secure. Check also if the exchange is available in your country. Once you discover your exchange; you will see that some of them accept payment via bank or PayPal.