If you’ve made it this far into 2018, then you’ve no doubt lived through the hype surrounding blockchain and cryptocurrency, especially when Bitcoin came close to eclipsing the $20k mark last December. While the market has simmered down significantly since then, the reality is that cryptocurrency—and the technology that powers it—is here to stay, especially now that companies are finding more inventive ways to build on the blockchain ecosystem.
From tracking the origins of jewellery to managing a global shipping system, blockchain is being adopted by the likes of IBM, Samsung, and even car manufacturers to pioneer the next wave of tech innovations.
So the question one may ask is what is bitcoin and how can one buy it.
Bitcoin enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren’t printed, like dollars or euros – they’re produced by computers all around the world, using free software.
It was the first example of what we today call cryptocurrencies, a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography.
Bitcoin can be used to pay for things electronically if both parties are willing. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.
So you’ve learned the basics about bitcoin, you’re excited about the potential and now you want to buy some*. But how?
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(*Please, never invest more than you can afford to lose – cryptocurrencies are volatile and the price could go down as well as up)
Bitcoin can be bought on exchanges, or directly from other people via marketplaces.
You can pay for them in a variety of ways, ranging from hard cash to credit and debit cards to wire transfers, or even with other cryptocurrencies, depending on who you are buying them from and where you live.
The easiest and secure way to buy Bitcoins in Ghana is through Coincontact.
CoinContact thrives to be the leading digital media, events and information services company for the crypto asset and blockchain technology community in Africa specifically Ghana. Its mandate is to inform, educate and connect the global community as the authoritative daily news provider and exchanger dedicated to chronicling the space.
With customer satisfaction being a major concern, we at CoinContact aim at providing superfast services to our cherished customers.
Create a FREE account at http://www.coincontact.net and own bitcoin today.
Blockchain and bitcoin are imperative and going places, it’s a huge huge deal. Africans can grab it by the horns now or regret a decade from now.
Papa Kwesi Doddu(CEO CoinContact)