Bitcoin Basics

What you should know about Bitcoin, the most popular digital currency on the market.

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What you should know about Bitcoin, the most popular digital currency on the market.

Unless you’ve been hiding under a rock, you’ve heard of digital currency. And if you know one name in the marketplace, it’s Bitcoin. Since it showed up in 2009, Bitcoin has ruled the digital currency world. And it shows no sign of letting up. If you’re wondering what all the fuss is about (and how to use it to your advantage), keep reading to learn the Bitcoin basics. 

Bitcoin Explained

Simply put, Bitcoin is digital money. It is not connected to a bank or financial authority. Rather, Bitcoin is its own form of currency.

While there are plenty of ways to send cash from one person to another, Bitcoin doesn’t need any of them. It is a standalone product that’s based, housed, and tracked on the internet. 

Despite having no bank backing, Bitcoin is stable and trusted. In fact, it’s so well trusted that a growing number of retailers and service providers accept Bitcoin as payment. 

Microsoft, Home Depot, and Starbucks are just a few places that accept Bitcoin.

All you need to get started is a digital wallet and some money to buy your Bitcoins. There are many crypto wallet options out there, and each has its pros and cons. With a little research, you can find which one meets your needs. Once you choose a wallet, download the appropriate app, and you’re in business.

Why You Need It

Bitcoin offers a unique way to carry money. As it’s 100% digital, you don’t have to worry about dropping cash on the ground. But that’s not the only perk.

Because it’s not overseen by the government or a bank, there are fewer hoops to jump through to access Bitcoin. That means anyone can purchase Bitcoin and add it to their digital wallet.

Don’t have a bank account? No problem. Don’t want a bank account? Doesn’t matter. You can still get Bitcoin.

The perks don’t end there. One of the best perks is the earning potential. Unlike cash in your wallet, Bitcoin has the potential to grow.

Buy Bitcoin now, and in the coming days, weeks, and months, it may be worth more. When Bitcoin first launched, you could buy a coin for less than a penny. That same coin has since skyrocketed in value. Today, a single Bitcoin is worth tens of thousands of dollars. 

Will your Bitcoin gain that much value? Probably not. But you’re more likely to see your money grow with Bitcoin than a traditional bank account.

Where to Get It

You can purchase Bitcoin at many places. Just be careful. Not all vendors are created equal. Before buying, make sure you’re getting it from a legitimate source.

Live in Dade County or Broward County, Florida? You’re in luck. Buying Bitcoin is made simple and safe at Check Cashing USA. 

Come in with your smartphone and cash, and we’ll put some Bitcoin in your digital wallet. In just a few minutes, you’ll leave the store with a digital wallet full of Bitcoin.

What are you waiting for? With dozens of stores across Dade and Broward County, we’re always around the corner. Whether you’re a Bitcoin pro or are just getting started, we’re here to help. Find your local Check Cashing USA to add some digital currency in your wallet.