If ever there was a time you doubted the world is becoming a global village, now is the time to lose all doubts. Bitcoins have just proved how global the world is. That is the reality today, or at least it has been since 2009 when they were first introduced into the online market.
These valuable coins are simply digital, encrypted currencies used to conduct money transactions. In possession of one, you can buy or sell as you desire.
What is the current Bitcoin Value?
The current Bitcoin price stands at around $19,000 (more or less). Its increasing value since 2009 shows that it has great potential since people who purchased them have made incredibly huge returns today (provided they haven’t sold them yet). There is no doubt the price of bitcoin has increased more than 1000% since its inception.
How to buy Bitcoin
The only ways to buy bitcoins are through:
- Hard cash
- Credit or debit cards
- Exchanging with other cryptocurrencies such as Litecoins
Since it is a universal currency, it does not matter which part of the world you live in. Canada seems to be doing well in that industry. So it may serve you well to follow some of the things they are doing that are making them so successful. However, know that how to buy Bitcoin in Canada is just the same as everywhere else in the world. Changing Bitcoin to Canadian dollars is also the same as changing the coins to any other currency. All you will need to do is to have the money to buy them.
Once you have purchased your Bitcoins, they will reflect on what is called a Bitcoin Wallet. This is where you keep your coins safely and securely. You need to take extra caution when managing your wallet to avoid losing your investment. Backing up your wallet as well as encrypting it are some of the ways you can properly manage it. Being careful how you conduct your online services is another way.
Where to buy Bitcoin
Three places come to mind when thinking of where to purchase bitcoins;
- Bitcoin ATMs
- Exchange business forums
Where to buy bitcoin in Canada or wherever else in the world will require you to use at least one of these places. Bitcoin in Canada is booming so much, so that they have all three avenues of buying them.
Changing Bitcoin in Cad money or any other currency is super easy. You need only select your preferred type of currency, and you are good to go.
— Bloomberg (@business) January 26, 2018