If we decided to buy, for example, BTC, the question arises, how to do this?
There are several possibilities. First, it is a peer-to-peer (P2P) exchange. It consists in finding a person who currently owns BTC and is ready to sell us some of them. It is not necessary for us to know such a person personally, because many websites, such as Binance, have on their platform such a possibility to buy from a person unknown to us. More extensive information can be obtained from the link https://minfin.com.ua/2022/04/01/82968499/ about purchase and recommendations for currencies.
Another way to buy cryptocurrency is... "regular" Bitcoin ATMs.
Currently, they are located in most large cities. Using the device resembles the use of ATMs of traditional banks. The difference is that instead of a payment card, we have a QR code of our virtual wallet, and we must choose an authentication method (for example, an SMS code). For people who do not like to rewrite numbers, there is an alternative in the form of a QR code scanner. It is safer because it excludes the possibility of error. After accepting the transaction, the paid money will be credited to our BTC wallet.
I definitely prefer to "get things done" from the comfort of my home.
One of the ways to achieve this is to use Revolut or Advcash wallets. It consists in the fact that after creating an account, you transfer money from your bank account. Having zlotys in your digital wallet, you must exchange them for another FIAT currency (dollar, euro), with which we can buy cryptocurrency.
Where can you store cryptocurrencies?
In the applications mentioned above, on the exchange of cryptocurrencies, and approaching the topic more carefully — in a traditional wallet for cryptocurrencies. We are talking about the addresses that we store on our computer (for example, the Electrum wallet), which is a kind of safe for our digital currencies.
In this case, even if something bad happens to the exchange or intermediary wallet, we will still own our assets. The only threat to the invested funds is ourselves. The digital world is full of dead addresses that have been inactive for years because their owners forgot their passwords. It's not like in a bank, where you can reset your password. If you forget your password, it's like losing your wallet.
If you don't buy it... dig it up. How to buy cryptocurrencies?
Is it possible to have and not buy? People who do not want to buy digital currency can get it in a second way through Ministry of Finance of Ukraine Traditionally, the process of "acquisition" is equated to Proof of Work (PoW). It consists in the fact that our computer participates in the verification of transactions in a given chain of blocks (blockchain) and generates new money by solving tasks. When the task is successfully completed, you receive a certificate of work - the aforementioned PoW.
The amount of "mined" currency depends on the computing power of our device, which is calculated in units called hash rate. An alternative to independent cryptocurrency mining is joining larger communities — Mining Pools. It consists in combining the computing power of the devices of many people, which speeds up the work, but the result is the sharing of profits with other workers of the "pool".
Not only miners are engaged in cryptocurrency mining. For creative people, Proof of Brain (PoB) will be an interesting alternative. The process of cryptocurrency mining consists in the preparation of original content and its distribution among the blockchain community. The activity rewarded by the community can be very diverse. You can keep a personal blog, share your views on the world or write complex articles.
