Estimated reading time: 2 minutes
Before dealing with how to buy and sell bitcoins online in US, it will be nice to give a brief explanation of what bitcoin is in order to carry newbies along.
According to Wikipedia:
Bitcoin is a peer-to-peer payment(P2P) network and digital currency based on an open source protocol (which means that anyone in the world can freely use Bitcoin) and makes use of a public transaction log.
In simple terms, bitcoin is a new kind of money, an online digital currency (also called crypto-currency), the first of its kind that is not controlled by any organization or government (decentralized) and because of this, fees are extremely low since transactions are made between individuals like you and i only.
Since it’s a new kind of money, you can use bitcoin to trade for goods and services online just like you would do with your credit cards or paypal.
The short video tutorial below will also let you know better, what bitcoin is all about:
There’s a distinction between the capital-B and the lowercase-b bitcoin. While the former represents the transaction network.protocol itself, the later signifies the currency.
Because of its high demand and relatively low supply, bitcoin have been gradually increasing in value compared to other world currencies. Because the real value of a bitcoin fluctuates rapidly as supply and demand changes, it is not very safe to store bitcoin (especially in large quantities) in your online wallet.
Describing in detail how to get started with bitcoin is beyond the scope of this article. If you’d like to get started with bitcoin, visit bitcoin.org.
Though there are various ways to earn bitcoins like accepting bitcoin as a payment method in online businesses, mining bitcoins e.t.c but the easiest and fastest way to get bitcoins is to exchange your current currency (USD) to bitcoins.
I’ve gathered a list of the best ten bitcoin dealers on localbitcoins.com where you can safely and securely buy and sell your bitcoins and receive your exchange equivalents in the corresponding currency. Their payment methods are stated in parenthesis.
Please note that these bitcoin dealers that buy and sell bitcoins are the ones I’ve dealed with in the past and have proven trustworthy.
If you check at the above bitcoin buy and sell dealers, you will notice that they already have a 100% trustscore rating.
Buy and sell bitcoins with ease using these bitcoin exchangers to get real value for your money.
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