Get Bitcoin With a Virtual Wallet:
For many this subject is complicated and there are many unanswered questions that need to be answered.
As you’ve noticed, many Kratom Vendors have recently introduced Bitcoin as a purchase option. This, also, includes some of your favorite food franchises such as Subway, Quiznos and Burger King. Without having to have a complete understanding of the cryptocurrency market, I will help with the basics for you so that you’ll be able to start shopping in the matter of minutes.
Bitcoin is meant to be an entirely anonymous platform, very much like the way cash works in the physical world. You are supposed to be able to buy and sell things on digital platforms without financial details or records being exchanged. That’s is what retail shopping with Crypto is.
In the real world, the process is slightly different, although very easy. The average person that is interested in buying or selling Bitcoin, has to use what is called a Bitcoin wallet.
From there, you are able to buy your coin through your wallet with a bank account, debit or credit card.
It can be pricy to buy one single bitcoin. As of June 24, 2021, one bitcoin was priced at $34,422.10. Now, I’ll explain how it works.
Remember that you don’t have to buy whole bitcoins. Just like you can use a fraction of a dollar (a penny, nickel, dime, or quarter), you can use or buy fractions of coins like Etherium or Bitcoin. The smallest fraction that can currently be bought or sent is a hundred-millionth of a bitcoin. This is called a Satoshi, named after the mysterious founder of cryptocurrency, Satoshi Nakamoto.
You can purchase Bitcoin directly through your Coinbase or Uphold account in whatever fraction or whole amounts you choose. This account is called your wallet.
How to Setup Your Wallet:
Your wallet is linked to you once it is setup. I’ve provided links above that you can use to setup your wallet. Next, you can easily setup your account with a mobile device or laptop.
It will ask you to provide identity proof by taking a picture of the front and back of your license and attaching it during sign up. Once complete, you can link your bank account, debit or credit card to your which enables you to buy your crypto currency such as Bitcoin. Your wallet is laid out similar to online banking. It will show each currency that you own and the value that you have in your account. For example, let’s say that you wanted to go shopping and subway sandwiches has a $10 special that you’d like to buy. You would buy $10.00 in Bitcoin from you wallet that is now linked to your debit card. You would then have an increment of Bitcoin that holds the value of $10 dollars. From there you would proceed with your purchase of that Subway sandwich. Most of the time you would do this from your phone, but you could do the same on you personal computer.
That’s all there is to it. Now your an official crypto consumer. Welcome to the new world 🙂
I would also like to mention that having a Bitcoin wallet does not come with any kind of government guarantees. So, if Coinbase goes under or if your bitcoins are lost or stolen, you have very little recourse, meaning you will probably never get your money back. If you do your online or store shopping on a regular basis, you can always purchase as you go with the USD being your primary currency at that moment. Between the time of purchasing your bitcoin and making your purchase in a store or online, the fluctuations will be low, if any. I would recommend purchasing a dollar above whatever your purchasing, just in case. For that matter, you could also end up with more than you purchased by the time you’re done 🙂
For now, you’re ready to start shopping.
This article is sponsored by Ketum Superior Kratom.