Bitcoin, how to use the virtual currency and how it works

Bitcoin, how to use the virtual currency and how it works

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Original Title: Bitcoin, how to use the virtual currency and how it works

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Bitcoin, how to use the virtual currency and how it works
05-12-2021 15:00

Bitcoin is the virtual currency that in recent years has more versatility of use, so much so that it is used for exchanges now commonplace, like a normal currency with a debit or credit card. Many large companies have gift cards that can be purchased in online stores that accept Bitcoin transactions. It is convenient to use, and all you need to do is use online platforms to invest, without having to go through the financial intermediaries of banks (for example, at Btclivetrade.org you can easily invest in Bitcoin and monitor the results, getting back double what you invested).

How you can use the virtual currency Bitcoin

 Last week, global markets plummeted when news of the new Omicron variant spread around the world. However, cryptocurrencies - and bitcoins - have maintained an upward trend. Bitcoin - considered the best cryptocurrency by market value - traded near $58,100 on Monday, up 8 percent from its low of $53,359. Overall, cryptocurrencies continue to show strength, expanding their influence and presence in many areas. For example, for The Salvation Army's 131st annual Red Kettle campaign held in Dallas on Thanksgiving Day this year, the start of the donation season includes the ability to offer cryptocurrencies such as Bitcoin or Ethereum, for the first year ever. The organization's goal is to assist, aid people in need, especially after the impact of the Covid-19 pandemic.

In the city of Lugano - in Switzerland - the advent of bitcoin and cryptocurrency has created an interaction with many different sectors, charting the path of innovation and supporting businesses and citizens. In fact, the MyLugano app was launched in 2020, and then a token was made available that allows for the payment of daily buys in the city. In the city, it was the turn of NFT with a review between art and technology entirely dedicated to the understanding of this emerging and topical phenomenon.

How to invest in Bitcoin in online platforms

The aspect to evaluate when choosing a platform that allows you to invest in Bitcoin is that it is practical for cryptocurrency trading, and that you can monitor your profit on a daily basis. In addition, the earnings must be automatically credited to your virtual wallet, which will then talk to your bank account - if you want to transfer the money. Also, the user interface really needs to be simple, with no menu sub-items to confuse the neophyte.  The wallet must be safe and secure, so much so that the funds must remain stored in an offline system to avoid hacking attempts. Every single transaction must be visible to the user, and there must be no hidden fees or commissions. Once you choose the amount to withdraw, you must receive it instantly to your cryptocurrency wallet  (at this link it's possible chat for information about Btclivetrade).


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