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Things You Need To Know About Bitcoins by Nobody: 4:38am On Jul 18, 2016
Exploring the world of Bitcoins has always been everyone’s dream in this world. There are various myths and fugitive stories about BitCoin all over the internet platform. This makes people wonder what the hell BitCoin is. If you are faced such like a scenario then don’t worry about our sites all of your anguishes are gone. We have provided a simple and step by step guideline that is easily comprehensible on the 10 things you need to know about bitcoin. It’s very dispensable to go through this article before venturing into bitcoin so that you can comprehend vividly what bitcoin is. Here is what you need to know about bitcoin.
• The Level of Security of your Bitcoin Transactions.
Bitcoin are always preferred when carrying out transaction because your funds are highly secured. All you have to do is to ensure that you are using the Bitcoins in the correct way. Thus when transferring high value of money then this is one of the recommended ways.
• The Is No Bitcoin irreversible payments.
This is one of the features of Bitcoins that you really need to keep in mind when you are making Bitcoin Payments and transactions. The receiver of the money can only make a refund after receiving the funds. This calls for a clear attentiveness and caution when you are making transactions using the Bitcoin.
• There is No Privacy On the Transactions when Using Bitcoin.
Bitcoin is always considered anonymous in such a way that the Bitcoin transactions are stored public on the network thus anyone can view your balances. The Network only hides the identity of the user who have done the transaction. It’s therefore highly recommended that you only use a single address once.
• Always ensure that you do confirm your transactions to make them secure by paying miners fees.
Unconfirmed transactions are always rendered as insecure. The Confirmation score that your Bitcoin transaction earns makes it very difficult for the transaction to be reversed. Thus it is highly recommended that you confirm your transactions. In order for any transaction to be confirmed then it might take 10 – 90 minutes depending on the amount being transacted.
• Bitcoin is actually the latest currency method and thus it’s still undergoing some experimental procedures.
You must keep in mind that the Bitcoin Currency is still an experiment. This, therefore, means that the currency is still undergoing some experiments and it has not reached its full potential. It has got its own challenges and thus you really need to be keen when dealing with this currency. You are thus advised to always have an expert at hand when you are investing in bitcoin.
• Always Adhere to The Government Tax Regulation.
Bitcoin is still in its developing stages and thus you really need to keep in mind that this is not yet an Official currency. Whenever you are using this currency you will be obliged to keep the government rule regarding the Tax regulation and everything. This will protect you from not falling into the wrong side of the law.
• The Price of A Bitcoin Is Volatile.
It’s very difficult to predict the price of a bitcoin. This is attributed to the rapid change of the price within a small time limit. Thus the price of a BitCoin can increase or decrease at any stipulated time.
• Bitcoin Exchanges.
In order for you to buy Bitcoins, it’s always mandatory that you identify trusted exchangers. This will enable you to determine if you have made a profit or a loss depending on the exchanges rates and the difference in the exchange rates. Thus you should always view the list for the exchange rates when you are set to buy this Bitcoin.

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Re: Things You Need To Know About Bitcoins by EvenInFreetown: 5:58am On Jul 18, 2016
Do you buy Bitcoin..I have 0.1464 in my wallet.How much will you buy it in Naira?....plz reply asap
Re: Things You Need To Know About Bitcoins by Nobody: 6:02am On Jul 18, 2016
go to the site https://nairaswitch.com/ sign up and initiate sell order thank you
EvenInFreetown:
Do you buy Bitcoin..I have 0.1464 in my wallet.How much will you buy it in Naira?....plz reply asap

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