You are about to adventure into Bitcoin? Congratulations! But here are things you need to know. Bitcoin should be treated with the same care as your regular wallet.
Securing your wallet
Your bitcoin in your wallet should be handled with
care. Just like the way you handle your real life regular wallet. Bitcoin comes with great features
that allow you transfer value anywhere in the world in a very easy way and you
are always in control. Such great features also come with great security
concerns. That’s why it is vital you open a bitcoin account with a trusted,
secure and reliable bitcoin wallet platform. Jostpay.com is Nigeria’s leading
Bitcoin Wallet Operator.
Bitcoin Exchanges
You can buy Bitcoin several ways, but trusted exchange portal like (https://instantexchangers.net) are a great way to acquire the currency. If an exchange constantly has substantially different prices, it is a sign of trouble and that exchange should be avoided. It’s also a good idea not to use an exchange as a wallet. Move your Bitcoin to your personal wallet (https://jostpay.com) so that you have control over your funds at all times.
Bitcoin Price
The
price of bitcoin is determined by the laws of supply and demand. Since the
number of bitcoin is fixed to just 21 million, as more people used the currency,
combined with the fixed supply, the price will go up. Early 2011, a Bitcoin was
exchanged for less than one US Dollar, but now one Bitcoin is worth hundreds of
USD.
Transactions are not anonymous
All
Bitcoin transactions are stored in public and permanently on the network, which
means anyone can see the balance and transactions of any Bitcoin address. The identity of the user behind an address
remains unknown though until information is revealed during a purchase or in
other circumstances.
Bitcoin payments are irreversible
Any
transaction issued with Bitcoin cannot be reversed; they can only be reimbursed
by the person receiving the funds. That means you should take care to do
business with people and organizations you know and trust, or who have an
established reputation. For their part, businesses need to keep control of the
payment requests they are displaying to their customers. Bitcoin senses typos
and usually won't let you send money to an invalid address by mistake.
Bitcoin
has no central authority
Bitcoin isn’t controlled by any
authority. This means that no one, including banks or governments can block you
from sending or receiving bitcoins with anyone else, anywhere in the world.
With this freedom comes the great responsibility of not having any central
authority to complain to if something goes wrong. Just like physical cash,
don’t let operators lacking good testimonies to hold your bitcoins for you.
Jostpay.com automatically posts users review of their services on its website
and social media.
Thanks for reading. Kindly share using the buttons below and be our friend on social media.
Facebook - Jostpay
Twitter - @jostpay
LinkedIn - Jostpay
You can download our apps on the IOS and Google play store.
Search 'Jostpay' and 'Instantexchangers'
You are on your way to experiencing smooth and fast service.
Comments
Post a Comment