Basic of Bitcoin and the best way to buy bitcoin in Canada
The crypto industry is growing at an unprecedented rate. According to existing evidence, there are as of now nearly 6000 different types of digital currencies being available for trading, with a market cap of $3 trillion. Cryptos are now also reaping benefits from the trends of virtual currencies becoming more widely accepted.
Mastercard previously partnered up with three Asian crypto businesses to initiate crypto-based credit, debit, and also prepaid cards that could enable users to transfer their virtual currencies into fiat money. The popularization of crypto per se depends on how rapidly users will be able to adopt, i.e. start paying with common cryptocurrencies, something that is directly affected by merchants and vendors on the one end, as well as by the processing services on the other.
We’ll start by figuring out how all the cryptocurrency payment offerings thrive to provide excellent accessibility. We will help to determine the characteristics that distinguish a crypto payment system as a strong candidate for the title of the best crypto payment processor. “Bitcoin is the oldest and most popular cryptocurrency. It is often compared to gold.”
Bitcoin was created to offer a “peer-to-peer digital cash system” whereby two parties can transact directly without having to go through a financial institution. This important trait of bitcoin is called decentralization. Bitcoin is often compared to gold because of its limited supply and its potential as a store of value. It does have some distinct differences from your conventional dollars like Euros, USD, and CAD though. It exists only virtually and unlike traditional money that can be printed constantly; there is a limited supply of bitcoin – 21 million to be exact, which helps to ensure true scarcity.
Here at Netcoins, we make it easy to buy bitcoin in Canada. Simply create an account, fund it with CAD at 0% funding fees and you can start buying bitcoin right away. Selling is just as easy with free cash withdrawals. Netcoins makes the process of buying bitcoin (BTC) super simple but if you ever have questions, you can contact our support team at support@netcoins.ca or via live chat at netcoins.ca.
Buy bitcoin in 3 steps Create an Account Provide some personal details and get verified in minutes through our automated KYC process. Fund (No Fees) Fund your account with a cryptocurrency deposit, Interac e-Transfer, online bill payment or bank wire transfer.
Start Trading Buy and sell as little as $10, or up to $10 million with no slippage due to our deep liquidity. SOURCE CREDIT: https://vancouvercryptoexchange.wordpress.com/2021/1 2/01/basic-of-bitcoin-and-the-best-way-to-buy-bitcoi n-in-canada/
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