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A place where you will store your bitcoins. Bitcoin wallets are simply bank accounts for bitcoins. There are different kinds of wallets offering different security levels. Your main options include; a software wallet stored on your computers hard drive, an online web-based wallet and lastly.
Holders of the currency (and especially citizens with little alternative) bear the cost. With bitcoin, on the other hand, the supply is tightly controlled by the underlying algorithm. A small number of new bitcoins trickle out every hour, and will continue to do so at.
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In case you arent comfortable with one-on-one trades, you can use sites like m to find bitcoin meetup groups within your area. Its also worth noting you might pay a higher price than the current exchange price for OTC or face-to-face trades. Its therefore advisable.
Exchanges have current exchange rates clearly shown so youll be able to know the exact price you will pay for your bitcoin. In order to do this you need to: Click on verify your account Fill out the information. In order to fund an exchange.
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