A few years ago it was not an easy thing to get Bitcoin, in its beginnings you could only get through the mining, this is solving mathematical problems that arise every ten minutes on the network and that allow us to check all the operations carried out to form the chain of blocks (blockchain). Undoubtedly, this is beyond the reach of most, making money with mining is something reserved for an increasingly reduced group, since the computational power required is enormous, today only large companies have this capacity.
So how can you get Bitcoins? As with common money, there are exchange houses where you can buy Bitcoins or other cryptos. This is the most common way to obtain them. Thus, it is usually as simple as creating an account, funding, and buying. P2P (person-to-person) sharing is also very common. Of course, another way to get Bitcoins is to receive it as a means of payment. This is something more and more usual, according to the acceptance level of the currency grows in the world.
The exchange houses where Bitcoins are bought and sold are known as exchanges and allow you to exchange pesos, dollars or any other currency for Bitcoins. On the internet there are many exchange platforms, the best known being Binance, some exchanges also work by P2P, that is, they allow person-to-person exchange and the platform is only responsible for ensuring the transaction.
Regarding the quantity, there is no minimum or maximum quantity that you should buy. You can acquire Bitcoin fragments. Each B itcoin is made up of 100 million satoshis, comparable to the “cents” in traditional coins.
Since it is a virtual currency, you can store it in electronic wallets. The major exchanges already have their own built-in wallets. Thus, once you have your Bitcoins you can make transactions with them. Either sending to someone else’s wallet or receiving more Bitcoins as a form of payment for services or products. Sending Bitcoin is very similar to sending an E-mail, both the one that emits and the one that receives have an email address; for cryptocurrencies it is the same, each user has an address.
In addition, given the bullish trend of Bitcoin, this has also become a highly profitable asset. Of course, like any investment, it requires sufficient knowledge. It is essential to spend time learning and educating yourself to face the challenges of a market as volatile as this one.
In our country, Bitcoin is much more than a fad or an interesting technology. It is an alternative for savers to protect their money. Not only in the face of rising inflation but also in the face of exchange controls that make it difficult to acquire foreign currency.
In this sense, go from pesos to a coin dura To preserve the value of capital is not something new for Argentines. Well, the economic history of the country has been marked by crisis, inflation, debt, devaluations and other economic distortions. Thus, assuming Bitcoin or other cryptocurrencies as a reserve currency has been a natural step for many savers, especially among younger groups and sympathizers of new technologies, since there are also Stablecoins, which are crypto linked to fiat currencies, for example to the dollar, then each crypto is equal to a dollar, thus allowing us to dollarize our savings without limit.
Not surprisingly, Argentina has become one of the countries with the highest volume of transactions in Bitcoins and other cryptos. And although the history of this currency here and in the world has only just begun, it seems correct to think that, in the course of the following years, Bitcoin could be something very common, being able to buy shares on the stock market, acquire a house or pay the Dinner.
So it’s time to learn about it and prepare to make the most of all that this new financial technology has to offer.
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
