Cryptocurrency is the future!
What is Bitcoin?
Bitcoin(BTC) is a global cryptocurrency that is decentralized, it is peer-to-peer and does not involve a middleman such as a bank. It was created in 2009 by an unknown person using the alias Satoshi Nakamoto. As a digital currency people are able to send, receive and make purchases with Bitcoin. Bitcoin runs on the blockchain technology which makes it secure and trustworthy. Although transactions are public, user information is not displayed only the user's wallet ID.
What are Altcoins?
"Altcoin" is a shorten version of the term "alternative coin" which is a category of cryptocurrency that is not Bitcoin. Essentially any cryptocurrency outside of Bitcoin is considered an Altcoin. Some popular Altcoins include Ethereum(ETH), Litcoin(LTC), Ripple XRP, Cardano(ADA) and Stellar Lumens (XLM).
Investing in Bitcoin
Bitstamp.net is based in Europe and lets residents there easily purchase Bitcoin and other cryptocurrencies.
Investing in Altcoins
Mining Bitcoin & Other Cryptocurrencies
How to keep Your CryptoCurrency safe
There are multiple ways to store your cryptocurrency. However, not all of them are safe. You can leave your cryptocurrency on an exchange, but it is not recommended as exchanges can be hacked or shut down. Software wallets such as Exodus and Jaxx are pretty safe. The safest way to store your cryptocurrency is a hardware wallet, also known as cold storage, which is an electronic device that you load your crypto on and store in a secure place such as a safe in your home. The most popular hardware wallet is the Ledger Nano S, click here to learn more.
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Disclaimer - The ThinkingCrypto.com website and Site Owner(s) are not financial or investment experts. You as an individual should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. Investing in cryptocurrencies carries a high risk due to the volatility of crypto market. This site is meant to be educational, not provide financial or investment advice.