Buy & Sell Bitcoins: 5 Most Secured Websites

Whether you want to buy or sell Bitcoin on the web, you will find many sites claiming to be intermediary in this type of transactions as a way to provide security to people and their hard earned money. This is because nowadays there are many forms of deception and fraudulent tricks that can end up leaving investors without money.

Although this intermediation involves a small cost. But it is worth it, as they safeguard your money to do business and infact normal trading.

So here is a brief overview of the best platforms to buy and sell Bitcoins so you can trade your money with confidence. These are the most popular sites that have maintained a good reputation in the transactions carried out through them.

Bitcoin’s Best Buying and Selling Platforms

The percentages they charge for their services vary and in some cases benefit those who operate with large amounts of money, which is very attractive.

So here you go:


This is one of the best sites out in the market for trading digital currencies including Bitcoins, especially since it makes trading extremely simple.

Users are given the opportunity to benefit from the ‘dollar cost averaging’ method. This means that you can set it up to buy bitcoins automatically on a weekly or monthly basis. But the biggest advantage is that, it is one of the safest places to carry out bitcoin trading.

Every transaction is monitored and every time a suspicious activity occurs, there is an investigation into the matter. And the company reserves the right to close the account once they prove that it has been abused.

Interested in purchase or selling of Ethereum and Litecoin, then this is the best online platform to earn money.

Official website:


The service offered by this site has the advantage that you will be able to find buyers and sellers of Bitcoin in your own country, which gives you the advantage of being able to use domestic banks to make transactions. It is also the fastest platform for trading the cryptocurrency.

There is no official price here, the seller sets the price and its reputation is supported by users who have already linked to it. During the transaction process Escrow or intermediary to ensure the legality of transactions.

Official website:


Here you can find a variety in the price of Bitcoin, either for purchase or sale. It has a very simple system to operate, but it is very safe too. The operations are carried out very quickly.

The collection of transaction fees varies according to the movement of Bitcoin’s value during the month in the market. The acceptable currency for the purchase and sale of the digital currency is the dollar.

Official website:


On this site anonymity is also important, your data will be well protected and cannot be used by third parties.

The amount of commissions you are charged for transactions depends on the type of currency used. Dollar and euro accepted.

Official website:


This Bitcoin market place is not as popular as the previous ones, but it does provide an excellent level of security to its users, as it makes a daily backup of the operations done on their platform.

In addition, it uses the service of a security company to prevent unwanted break-ins of which these companies are targets. The dollar is the currency you accept for transactions and the percentage of your service fees decreases as you make more transactions.

Official website:

There are many online platforms out there in the market to trade cryptocurrencies such as Bitcoins,  but the above listed ones are very safe and trusted by traders across the world. If you know any other platforms, then mention in the comment at the end of this article. We’ll include it in the list.

Bitcoin FAQ – Wallet, 21 Million Limit, Security & more

The interest amongst people in cryptocurrencies is incomparable to any other form of monetary system in the world. Never in the past such a craziness was seen. And especially bitcoin, the current cryptocurrency leader, the curiosity seems to be never ending as people are interested in knowing more and more about bitcoin.

So listed below are the frequently asked questions about bitcoin.

How does a Bitcoin wallet or wallet work?

The bitcoin client automatically generates a portfolio containing pairs of public addresses and their corresponding private keys. Public addresses are the ones you see – the ones you can report to receive payments. Private keys, on the other hand, are only in your wallet (in the wallet .dat file).

Imagine that your public addresses are unbreakable mailboxes that everyone can see, and in which everyone can deposit bitcoins, but only you can open them with your private keys. Each public address is “opened” with a specific private key that is impossible to reproduce. If you receive 1 bitcoin that was sent to one of your public addresses, the only way to eventually transfer possession of that bitcoin (from “sending” it to someone else) is by using the private key that corresponds to that public address.

While you keep your wallet, you keep the private keys that allow you to dispose of the bitcoins that control that wallet. It is therefore advisable to keep backups of the wallet. dat file.

Why more than 21 million bitcoins can never be produced?

The protocol’s limit of 21,000,000 imposed by the protocol is actually arbitrary; what matters is that, according to the rules implicitly accepted by all those who use the system, this limit cannot be exceeded, nor can the rate at which the monetary mass increases be altered. In this sense, Bitcoin is absolutely foreseeable – something fundamental for a monetary system.

When will the bitcoins cease to be produced?

Bitcoins are generated as a reward for the miners’ work, and the reward is cut in half every 4 years. By the year 2030 almost all the bitcoins that will come into existence will have been generated, although the truth is that bitcoins will continue to be generated (increasingly less and less). In the long run, only small fractions of an increasingly smaller bitcoin will enter the economy over the course of several years, but the curve represented by the increase in the monetary supply will continue to approach 21,000,000.

Will 21 million bitcoins be sufficient in the future?

The scarcity of bitcoins is never going to be a problem, because each bitcoin can be divided up to eight decimal places – and potentially even more. So today you can pay someone the amount of 0.00000001 bitcoin. We are talking about a total monetary supply of at least four million units, so a single bitcoin in circulation would suffice to supply sufficient monetary units to the entire planet. In the future, if necessary, the units in use could be renamed microbitcoins, nanobitcoins, etc.

Is Bitcoin a pyramid scheme?

A pyramid scheme is typically based on broken promises. Bitcoin is NOT a company; it does not promise nor can it promise: it is a protocol, a computer tool whose code can be freely examined by anyone, at any time.

What’s so special about Bitcoin?

It is the only system that allows you to transfer any amount of money instantly, to anyone, from and to any place and at any time, without needing to pay abusive fees, without having to worry about fraud or the debasement of the coin, without needing permission from anyone and without being forced to disclose your identity.

What is Bitcoin’s backup?

Everything has its own monetary value. And this applies to bitcoin as well. Bitcoin’s support is its monetary quality, similar to gold which has its own monetary quality. Those who use Bitcoin do not have to rely on the promises of a government, but on the immutable laws of mathematics.

More about bitcoin and mystery behind its origin.

Does Bitcoin have intrinsic value?

Nothing has intrinsic value; value is assigned to things by the human beings. It can be said that the qualities of gold are intrinsic to gold, or that the qualities of Bitcoin are intrinsic to this cryptocurrency, but the value is not found in gold or Bitcoin: it is humans who value those qualities.

But Bitcoins are intangible: isn’t that a disadvantage?

It’s an advantage. Thanks to this quality (which precious metals do not have), bitcoins can cross borders instantly, and can be accessed from anywhere. At the same time, Bitcoin avoids arbitrary restrictions on value transfer (as opposed to digital money moving through the channels of the traditional financial system).

Meet the world’s first bitcoin billionaires.

But Bitcoin is deflationary: isn’t that a disadvantage?

Unlike what happens with forced money, it is likely that the value of your bitcoins tends to increase relative to the products you could buy with them. This is excellent news for the productive population, and terrible news for those who now control (or benefit from) the monetary system. By preventing discretionary currency devaluation, Bitcoin encourages long-term savings and investment while discouraging irrational consumption and unsustainable indebtedness.

Is Bitcoin safe?

According to experts, a transfer between Bitcoin addresses is several times more secure than a transfer between bank accounts (not counting the risk of forced third-party interference in the banking system). Bitcoin code is open to examination by all interested parties, and its cryptographic architecture is designed in such a way that it has potential to address potential attacks that might take place in the next decade.

More questions along with their answers would be added to the above list. Meanwhile, if anyone has specific queries then to drop in your questions in the comment box.

Check out excellent video on WorldCoinIndex, world’s most trusted source to track price of various cryptocurrencies and much more.

3 Ways to Buy/Sell Bitcoins & 5 Tips Before Buying

By this time, you must have come across the word – Bitcoin atleast once. And definitely a thought of making money by investing and trading in bitcoin must have come to your mind once. And why not, after all bitcoin is making people rich and that too within a short span of time.

Read the first Bitcoin billionaires.

This article is a guide for those people who are considering buying or selling bitcoins.

3 ways to buy and sell bitcoins:


This is the most convenient way to buy or sell bitcoins. It is usually faster than doing it through markets or exchange houses, and the registration process is very easy. The only downside is that these benefits also represent slightly higher rates. Coinbase is the most outstanding example of a trusted broker with a presence in 24 countries.

Additional reading: Origin and scandals around Bitcoin

Market Places:

Here you can meet other people (online or offline) and buy or sell bitcoins directly to them. LocalBitcoins is a good example of an internationally operating market. In addition, another advantage of the market places is that you can pay in cash.

Exchange Houses:

Good exchange houses have a lot of liquidity, which often creates the best prices and lowest rates. However, when you buy or sell bitcoins this way, it usually takes a couple of days until the verification process is complete. If you don’t want to wait a few days, a broker is the best option. If you want to buy large volumes more frequently, registering at a bureau is totally worth it.

The 5 most important factors to consider when selling or buying bitcoins:


How fast can you sell or buy? It may take a few days for exchange bureaus to check out, but transactions are usually very fast. With brokers or markets the initial registration is usually quick but completing a transaction can take a couple of hours or even a day or two.


Anyone putting his/her hard earned money in Bitcoin should be very careful. Although it is tremendously gaining popularity because of the returns, it should be traded with extreme caution. This is because hackers and cyber criminals are always seeking to steal cryptos online. This is quite common in direct or peer to peer platforms.
Also how do you know if the place where you want to manage your bitcoins is safe? You have to pay attention to the details. Never deal with people who remain anonymous or unnamed or operate from unregistered places. Find out very well before you make any moves.


Always look for the lowest possible transaction rates. Brokers are usually more convenient when buying or selling bitcoins, but they are also a little more expensive than exchange houses. Always make sure you know the rates charged by each location before making any transactions.


Prices of bitcoins differ between suppliers. Before buying or selling make sure you compare prices between the different platforms in your country. Prices vary mainly due to the liquidity of each market.

Payment Methods:

Usually, when buying bitcoins you will have to pay in local currency. If you use markets like LocalBitcoins you have the option to meet the seller in person and pay with cash. When you buy bitcoins online you will have to make a bank transfer or payment by another method. Remember to check first if you have access to the payment options offered by the platform you are using. Platforms with different payment options also charge a transaction fees.

Bitcoin Features: Low Cost, Fast, Easy Transfer, Transparent & more

Bitcoin (BTC) is a digital currency created (technical term is “mined”) and stored electronically. Unlike the euro or the dollar, bitcoins are not physically printed or produced by central banks, but are produced locally by individuals around the globe using computer power. Bitcoin, as well as other digital currencies, is not subject to any central or state control.

Bitcoin is the best known example of a fast growing Cryptocurrency. The following tutorial explains the main features and characteristics of the digital currency.

What is bitcoin and how does Bitcoin differ from other digital currencies?

Bitcoin can be used to purchase goods and services as well as to conduct financial market transactions. In doing so, Bitcoin fulfils the same functions as conventional currencies, euro or US dollar or any other currency.

However, the most important characteristic of the bitcoin is its decentralization. The Bitcoin network is not subject to any institutional control. This means that no central bank or state can control the money supply and set the framework conditions – the network controls itself.

Who created Bitcoin?

A software developer with the pseudonym Satoshi Nakamoto has supposedly created the bitcoin. Nevertheless, it is still unknown whether this is a single person or a group. The unexplained identity of Satoshi Nakamotos therefore leaves room for speculation and conspiracy theories to this day. Read more about history and origin of bitcoin.

How many Bitcoins are there and can be produced?

The Bitcoin protocol has been developed for a maximum of 21 million bitcoins, which can be mined by miners. These coins can be divided into smaller parts (the smallest part is a hundred millionth) and is called Satoshi – named after the Bitcoin inventor Satoshi Nakamoto.

What is bitcoin based on?

Bitcoin is based exclusively on mathematics. There is no institutional structure behind bitcoin that decides its intrinsic value. People around the world use software that follows a mathematical formula to generate Bitcoins (also known as mining).

This software is an open source, which means that it is possible for everyone to understand what this software does and its purpose. The Bitcoin-based technology is known under the name of Blockchain, and at present – just like Bitcoin – is on great interest from many companies, institutions and governments. Decisions in the Bitcoin network are made from the network through a consensus mechanism defined in the program code.

Bitcoin is decentralized

The network is not controlled by any central institution. Every computer that calculates and transfers Bitcoins is part of the network. This means that no central institution can make monetary policy decisions for the Bitcoin network or possess authority to take Bitcoins away from users. If the system goes offline for any reason, the Bitcoins will still be retained. The entire protocol of the Bitcoin network can be stored theoretically on a hard disk or even printed on paper.

Bitcoin is easy to handle

Opening an account or business account with a bank is often associated with bureaucratic hurdles. A Bitcoin account (wallet), on the other hand, can be opened up for anyone without having to provide any evidences.

Bitcoin is pseudo anonymous

Users can have multiple BTC accounts (wallets). These are not associated with any names, residential addresses, or other personal information.

Bitcoin payments are 100% transparent

The network stores every single transaction in the Blockchain. The Blockchain is like a huge register. If someone has a public BTC address, everyone can see how many Bitcoins are on that account. However, it is not visible to whom this BTC address belongs. Nevertheless, many users keep changing addresses and only transfer parts of Bitcoins to an address.

Transaction costs are low

An international bank transfer at a conventional bank quickly is expensive involving various charges such as foreign exchange fee, service charge and few others. However this is not the case with Bitcoin as it does not matter whether the recipient one mile or several thousand miles away from the sender.

Bitcoin is fast (peer-to-peer)

Bitcoin can be transferred anywhere and it only takes a few minutes for the network to confirm the payment. A bitcoin transfer takes place peer-to-peer, i.e. no middleman or intermediary is involved in between. In contrast to bank transfers, the transaction takes place directly and without detours from A to B.

Why are Bitcoins so valuable?

It is difficult for many people to understand that there is a currency that only exists digitally. The easiest way to compare it is with gold: It’s very rare, so it’s so valuable. Bitcoin is limited: the upper limit is 21 million Bitcoin, which can be created. There can be no more, that has been set.

The fact that this digital currency is currently worth so much is, as already stated, at its current popularity. When Bitcoin was invented, only a few people were interested in it – at that time they were worth only a few cents. Over the years, more and more people wanted to Bitcoin – and so did the value.

Where to buy and sell Bitcoins?

Similar to share market, bitcoins are traded on stock exchanges where you can buy and sell bitcoins. However bitcoin experts always advise to keep them in your own digital wallet and not to store it at the stock exchanges to prevent your money from any hacking or malfunctioning, though there has not been the case till now. The online account with such a stock exchange should be seen as a checking account. These wallets can be installed on the computer to store the bitcoins.

Are bitcoins a good investment?

In the long-term bitcoin is heading towards positive development only, but it is associated with high risk. There are many individuals who believe they are going to be millionaires through day to day trading with Bitcoin. This is certainly possible, but one should definitely deal with it on a regular basis.

However it will not always go uphill. At the moment there are too many large shareholders owning lot of bitcoins. If they start selling, this could have an impact on the bitcoin market. “That’s why people really should only invest money that they can lose, or sit out when Bitcoin is stagnating or even loses value over a long period of time.” If you get panic as an investor when things go downwards sell it in negative thinking that it will go down even further – then the problem is big.

Bitcoin: Origin, History, Scandals, Rise, Bitcoin Pizza Day & more

The digital currency Bitcoin is making headlines almost everyday in someway or the other. The news is both positive and negative and has taken the whole world by the storm. Almost everyday we keep on hearing about – rise and fall of its price, how different countries are dealing with it, individuals becoming millionaires & billionaires, how celebrities are investing, and many more.

But at the same time, many people don’t understand what Bitcoin is all about, it’s history, how it works, and how to buy and sell this crypto currency and others.

So this article and subsequent series will cover – all about bitcoins in a simple and understandable way. The topics will cover everything from understanding how it works, to setting up an account (wallets) to buying and creating your own bitcoins and much more.

In the end, readers will understand more about this new currency – bitcoin. In addition, latest news and updates surrounding this booming digital currency will be offered, a new type of money and of course the most controversial payment system of all time.

So ready to learn more about this new type of money and the most controversial payment system of all time?

Here we go!

Origin of Bitcoin:

First let’s go back to the history. And as the saying goes – history is always interesting and the same holds true for bitcoin. The origin of Bitcoin is mysterious. According to unknown people, they were invented by Satoshi Nakamoto in 2007. However, it is still unclear whether Nakamoto is a real individual or whether it is a group.

In March 2014, a leading US publisher unveiled something interesting. Dorian S. Nakamoto came to the USA as a child, graduated in physics and worked on various projects for various clients, including the US government and army.

After years of puzzling about the true identity of the Bitcoin inventor and the alleged “Newsweek” revelation attracted a lot of attention, the alleged inventor strongly disputed his participation right from the very beginning. A few days later, an interview with a leading press appeared. “I got nothing to do with it,” said Nakamoto. So the mystery behind the inventor continued to exist.

But one thing is certain: from 2008 on, the bitcoin was really on the road of becoming a craze. Anonymous users registered the address in August. Under the author’s name Satoshi Nakamoto, the first release of Bitcoin was published in October. The white paper is titled: “Bitcoin: A Peer-to-Peer Electronic Cash System”.

Shortly before the URL registration, a patent called “Updating and Distributing Encryption Keys” was registered in the USA (#20100042841). It contains the names Neal King, Vladimir Oksman, Charles Bry. However, despite of the many possible links between these scholars and Bitcoin, no one could find any conclusive evidence that it was Satoshi Nakamoto who invented Bitcoin.

Bitcoin Pizza Day

In January 2009 the first bitcoin was generated (how this works technically, we will learn in the subsequent articles). Shortly afterwards the first transaction took place, but only virtually.

It took more than a year before an actual item was purchased for the first time. The bitcoin early adopter Laszlo Hanyecz offered 10,000 Bitcoins (BTC) for a pizza in the BitcoinTalk forum. On May 22nd, he found a salesman. Since then, the date is also known as the Bitcoin Pizza Day.

Bit by bit, the currency started gaining more and more attraction and in 2010, Bitcoin Market and Mt. Gox became the first exchanges for bitcoin trading. Like many other platforms, however, both have closed down. In case of Mt. Gox, up to 850,000 BTC have even disappeared.

Economic Advancement

In the beginning, bitcoin was not very valuable. However the decimal places were the most important. The smallest unit of the Bitcoin is a Satoshi. 100 million Satoshis (100,000,000 units) equals 1BTC (i.e. bitcoin).

The price fluctuations of Bitcoin were already quite high in 2010. In the beginning, the bitcoin wasn’t even worth a dollar cent. The value soared tenfold from $0.008 per bitcoin and then fell back to $0.06 per bitcoin. At the end of the year, all bitcoins together were worth more than one million US dollars (i.e. market capitalization).

As a result, Bitcoin experienced another upswing. Until February 2011, a bitcoin was then for the first time worth as much as a US dollar. Interestingly, the drug platform Silk Road was launched in the same month.

Then things continued to go up gradually and from $1 in 2011 till the current price of $14,189.84 (till December 24, 2017) the meteoric price gave enough reasons for people to keep interest in this valuable investment option.

Scandals since the beginning

Small and large uncertainties and scandals had always been the most important reasons for its high price fluctuations. Fraudsters were able to steal up to 40,000 BTC from individual users or platforms due to all kinds of vulnerabilities.

A list on the Bitcoin Wiki gives information about all vulnerabilities since July 28th, 2010.

A famous example

On August 15, 2010, a bug allegedly generated over 184 billion bitcoins. Some “malicious block chain” had crept into the transaction code. But a “good block chain” took over it in the meantime and fraudulent bitcoins don’t exist anymore. Later a forum post revealed that Satoshi himself already knew about the bug one and five hours later he implemented a solution.

Do you know, Bitcoin ATMs are up and running in USA? Watch this video:

Upcoming articles:

In the next articles, you will learn more about bitcoins on following topics:

  • Understand the functionality of Bitcoin
  • How are bitcoins created? What is mining?
  • Understand bitcoin wallets
  • Securing bitcoin wallet correctly
  • How to create a bitcoin wallet on the computer?
  • How to create bitcoin wallets online?
  • Where and how to buy bitcoins?
  • Where to spend bitcoins?
  • Alternative digital currencies
  • And many more

First Bitcoin Billionaires: Winklevoss Twins

The twins Cameron and Tyler Winklevoss invested early in bitcoin, and thanks to this, they have been two of the first virtual coin billionaires. So let’s read their super successful story.

Before telling you the story, here’s what bitcoin is all about, according to the digital forex site:

It is a kind of virtual currency that uses peer-to-peer technology to operate without a central authority or banks. Transaction management and issuing of bitcoins is carried out collectively by the network. This coin is open source; its design is public and no one would own or control it. And at the same time everyone could participate.

Now the success story of the twin brothers – The beginning:

The Winklevoss brothers, today’s leading digital entrepreneurs, were Harvard students when they became world-renowned in 2011, suing Mark Zuckerberg for Facebook idea rights.

They won the lawsuit by obtaining $65 million, of which they used part to buy $11 million in bitcoins in 2013. How much was that? About 1% of all those in circulation at the time.

Now the reason for their fortune:

When the Winklevoss twins invested in bitcoin, the coin was trading at only $120. And at the time of writing this article, the value of single bitcoin was $17,800, according to Coindesk, an informative site on this technology.

So you can calculate the wealth of Winklevoss twins and laugh at yourself or become jealous of the twins or start thinking about investing in bitcoins.

(On a lighter note: Use a calculator. As your brain won’t be able to do such a huge calculation :):)

Such is the growth, that today bitcoin has a market capitalization of over $191 billion, according to the finance site Coinmarketcap. Among the most valued shares of this currency are the iconic McDonald’s hamburger chain, with $138 billion, investment bank Morgan Stanley, with $95 billion, and Target retailer $34 billion.

Bitcoin is now the world’s leading digital currency by market capitalization and will continue to be a leader in this space. And such is its growth of bitcoin that the market cap has now surpassed Citi, Goldman Sachs and Morgan Stanley and the whole economy of Qatar.

The market cap of bitcoin is $96.7 billion.