Developed in 2009, Bitcoin is the top form of cryptocurrency, and is accepted as a valid form of payment at many brick-and-mortar as well as online stores around the world. Are you interested in buying and selling Bitcoin currency, or just want to get involved in the Bitcoin investment opportunity? Here's how.
Buy Bitcoin Currency From a Bitcoin Exchange
A Bitcoin exchange works much like the currency exchanges around the world that specialize in exchanging world currencies, such as the U.S. dollars for British pounds or Euros. You can buy Bitcoin currency directly from an exchange using typical payment methods, including debit or credit card payments or via cash. Some exchanges also accept PayPal transactions and even other forms of cryptocurrency as a purchase medium for Bitcoin. Other cryptocurrencies include Namecoin, Litecoin, and Ripplecoin. These exchanges will also buy back any Bitcoin currency you wish to exchange for other currency.
Mine Your Own Bitcoin Currency
Alternately, you can invest in the hardware and software necessary to produce your own Bitcoin currency. This equipment varies in price according to how serious you want to get into it, but some Bitcoin miners claim to earn a substantial income doing so.
Accept Bitcoin Currency as a Form of Payment
Another way to get into Bitcoin is by accepting it as a method of payment for the goods and/or services you render. For example, owners of various restaurants, e-commerce trading sites, and other businesses accept Bitcoin in lieu of debit or credit card payments, or instead of PayPal payments.
If you would like to learn more about Bitcoin currency and see if it's a viable option for your financial future, visit Mint.com and sign up today.