Bitcoin exists in a deregulated marketplace; there is no centralized issuing authority and no way to track back to the company or individual who created the bitcoin. There is no personal information required to open a bitcoin account or to make a payment from an account as there is with a bank account. There is no oversight designed to ensure the information on the ledger is true and correct.
Though not all companies have made the switch, most have taken notice of the quick trend. The New York Times, a newspaper company, is currently looking for third party affiliates to help host the bitcoin currency. This is just a small example, there is no doubt many more companies are making the switch.
Except that I just checked the Local Bitcoins link for my large city and compared the asking prices against the XE.com conversion rate. Most asking prices were +$150 or more over the XE rate per coin. Right now the XE rate says $2369.23, but there were offers over $2600. That is too much of a premium for an all-cash deal. In fact, there must be a better way to get a reasonable price and retain anonymity. Do you know that better way?
Bitcointalk Forum Services Section is another starting point to look for job listings that are paid in Bitcoins. Some of the jobs are done easily within a short amount of time so it’s a good way to earn Bitcoins quickly.
These were some simple ways of buying Bitcoins while staying anonymous or without the need of any identification. If you want to get real serious about using Bitcoin anonymously around the web I suggest reading The Complete Guide to Using Bitcoin Anonymously. This guide details advanced methods and techniques to keeping your privacy around the web. However, if you’re just looking to buy a few coins without being traced just use cash – it will solve most of the issues.
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Changelly is a very trusted exchange with a “Great” rating on TrustPilot, having been around for over 2 years now with no problems. Changelly is easy to signup for with just email verification required which means you can your chosen currency in your wallet fairly quickly.
Use CoinJar to send money anywhere instantly via bitcoin address or CoinJar username. Get peace of mind that you will avoid currency fluctuations by hedging against GBP, USD, EUR and AUD. Transparent fees mean you know how much you are sending, how much they will receive on the other end.
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Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may change in the future if a Bitcoin ETF ever gets approved.
Many people would like to stay anonymous when buying stuff around the web for different reasons. The problem with Bitcoin is that it’s not completely anonymous. Once a Bitcoin exchange requests identifiable information such as an email address, government id or a utility bills they can know and track every movement of your Bitcoins.
Many countries around the world are experiencing financial turmoil and in many cases the citizens are the ones who end up getting hurt. Bitcoin is an alternative to the current banking system and allows you to be in full control of your money without a need for a bank.
Transferring digital funds is becoming easier with the day by the use of growing technology. Smartphones and tablets make a cold, online transfer of money a more personal one. Many retail stores carry gift cards that can be bought with paper money. You plug a code into an online wallet, and the funds will be transferred to you.
You can also work from home for others. Here is a list of sites where you can search job offers or where you can post an offer yourself. It’s a very convenient way to earn Bitcoins, because many jobs can be completed from home.
Disclaimer: Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk.
Use tools like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.
For every transaction, mining computers must solve very complex mathematical problems and generate a 64 digit solution. Once solved, one block is added to the Bitcoin chain and the miner earns a certain amount of new Bitcoin as a reward.