Friday, 19 Jul 2024

Why Should You Buy Bitcoins And The Advantages It Offers

Bitcoin refers to a form of a cryptocurrency or a digital asset which can store the monetary value equal to the real currency bills This cryptocurrency is only present in the cyberspace and does not exist physically. This feature makes it superior to other mediums of making transactions as it has made the task of exchanging money value extremely convenient, rapid and easy. If you do not already use bitcoins for making transactions then without any further delay get free bitcoin easily now and start making cyber transactions for your own convenience!

Bitcoin is fast emerging as a prominent digital currency in the world, with many businesses finally accepting bitcoins as a mode of payment for buying services and products. Bitcoin is also gaining traction steadily as a form of investment with high returns. There are several methods to buy bitcoins which includes direct transfer from a bank account, transfer via credit or debit card and transfer through several payment portals, visit website to know more.

What is Bitpapa?

Bitpapa is a type of free digital wallet which allows its users to pay someone or request money from them. It also has the option to split bills such as – Cab Fare, Rent, Restaurant bill, etc. among friends. One can pay his share of money and then asks others to pay their and after the total amount has been met the payment would be transferred to the person concerned.

Apart from being used to pay money from one’s bank account, or for transferring money from one’s bank account into the Bitpapa account. It can also be used to directly store bitcoins and other cryptocurrency. Provide a one-stop for exchanging and storing all the financial instruments of a person.

Brief History about CryptoCurrency

A man called David Chaum, an American cryptographer created an e-cash in the year 1983. Later on, he implemented it through Digicash (an e-money corporation). One his course to discovering better ways to expand what he had founded created the first cryptocurrency and that leads us to the BITCOIN or btc.

Before we get to bitcoin proper, the lists of different kinds of cryptocurrencies are as follows:

  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin

These are the most used means in trading especially the bitcoin.

Is it safe to purchase bitcoins?

  • It employs advanced security methods (such as secured connections) and data encryptions, similar to that being used in high profile banks, in order to to ensure that each and every transaction made through this portal is absolutely safe and secure from any unauthorized access (such as ‘hacking’).
  • Apart from this, it also provides an option to retrieve the funds of an account if the security of that account has been compromised in any way, given that the report of the security breach is made within two business days of the unauthorized activity in the account.

Bitpapa offers a convenient way to buy bitcoin and store Bitcoin and other cryptocurrency so that one can trade hassle-free.