What is Bitcoin and How to Buy

Bitcoin is a type of digital currency that offers the ability to send, receive, and store money, without the need of traditional banking systems, allowing users to claim true ownership over their financial assets.

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What is Bitcoin?

Bitcoin is a Peer-to-Peer Electronic Cash System Bitcoin launched on Jan. 3rd, 2009, by an anonymous developer named Satoshi Nakamoto. Satoshi mined the first block within the Bitcoin network, known as the genesis block, thus launching the world’s first adopted cryptocurrency. Bitcoin is used to transfer value over the internet or act as a store of value like gold, silver, or other commodities without the need for banking intermediaries to facilitate the transaction.

Bitcoin has a total market cap of 21,000,000 (finite supply). This limit, known as the hard cap, is encoded in Bitcoin’s source code and strictly enforced by nodes on the network. Every bitcoin is made up of 100,000,000 Satoshi’s, the tiniest fractions of a bitcoin, allowing participants to purchase fractions of a bitcoin.

Bitcoin uses public-key cryptography to record, sign and send transactions over the Bitcoin Blockchain. Bitcoin does not exist in physical form. The fixed value is transacted directly between the sender and the receiver. These transactions are executed publicly through a transparent, immutable, distributed ledger technology called Blockchain. Bitcoin was purposely created to be slow and has 4-6 transactions per second for processing.

How to Buy Bitcoin (BTC)

Bitcoin is a Peer-to-Peer Electronic Cash System Bitcoin launched on Jan. 3, 2009, by an anonymous developer named Satoshi Nakamoto who mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first mass adopted cryptocurrency. Bitcoin is used to transfer value over the internet or act as a store of value like gold, silver or other commodities without the need for banking intermediaries to facilitate the transaction.

Where can I buy BTC?

H2cryptO – Bitcoin is purchased easily through an centralized exchange, such as H2cryptO. Besides from offering a simple interface within our H2cryptO web/mobile app and offering exceptional 24/7/365 support. Please remember that once cryptocurrency is lost it may be difficult to recover.

Why purchase BTC?

Bitcoin has a proven track record of reliability, long term storage of value and recently has provided the ability to create dApps and smart contracts correlated within its Blockchain. Bitcoin has been compared to commodities such as Gold, Silver and Oil. The Securities Exchange Commision has ruled that Bitcoin is not security, being decentralized with no person or company to control it. Bitcoin is an alternative money system offering users the ability to exit their traditional government economy and claim true ownership over their financial assets without fear of dilution through inflation.

Purchasing BTC on H2cryptO:

  1. Sign up for an H2cryptO account. Provide full name/surname, email address, and a unique password (12 character minimum).
  2. Verify your H2cryptO account. Please submit all documentation for KYC verification.
  3. Once KYC has been approved you are now eligible to deposit FIAT or Cryptocurrency. You can fund your cryptocurrency account by choosing a cryptocurrency, and then create a wallet address. Then you can send cryptocurrency to this address. Funding your account with FIAT currency can be completed by ACH, Wire Transfer, or Debit/Credit Card. 

  4. Once the ACH or wire transfer has been completed you can start buying bitcoin!
    You now will have the ability to trade cryptocurrencies with 24/7/365 client service support.

Download the H2cryptO app from Android/iOS app stores.

H2cryptO’s client service department is available live 24/7/365 LIVE support to assist with any mobile related issues.
1-307-888-4H2O (4426)

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