How To Buy Bitcoin From Coinstar
What is
Bitcoin (BTC)?
Created by the bearding Satoshi Nakamoto in 2009, Bitcoin was the first-ever cryptocurrency. Nakamoto made BTC in the aftermath of the 2008 housing crunch. The idea was to create an online money protocol that allowed 2 parties to directly interact with each other without the requirement of an intermediary like a banking concern.
Bitcoin utilizes blockchain technology and a peer-to-peer network to build a financial protocol that’s transparent and decentralized. Through the employ of disproportionate cryptography (individual keys and public addresses), yous get consummate control over your BTC. Another powerful aspect of Bitcoin is that it’southward a deflationary nugget. There is a hard upper cap limit of 21 million BTC. To ensure mining longevity, the full supply inbound the ecosystem gets halved every 4 years.
Bitcoin is the first of its kind, decentralized, and deflationary fiscal protocol that has blazed the trail for the multi-trillion dollar crypto ecosystem.
What can you do with
Bitcoin?
Ship Bitcoin To Your Friend
Bitcoin was originally created to be the internet'southward money. As long as ii people have a Bitcoin wallet, it doesn't matter who they are or where they are – they tin can transact with each, with ease. These two parties can directly transact without having to go through an intermediary.
Bitcoin Store Of Value
Bitcoin has gained a lot of respect as a shop of value. Companies like MicroStrategy have regularly purchased Bitcoins to store their wealth as a hedge against market fluctuations. If yous exercise have a "purchase-and-hold" strategy, and so we recommend transferring your coins to a cold hardware wallet like Ledger Nano. Having said that, CoinSmart has taken several security measures to ensure user fund protection. These include – mandatory 2FA, withdrawal confirmation emails, cold storage & BitGo user funds insurance.
Trade Bitcoin
If you don't want to hold your BTC, then there are several things you can do. Swap them for another coin via SmartPay. Or, you can only transfer your BTC to an exchange that specializes in altcoins and trade the BTC pairs.
Purchase With Bitcoin
There are several merchants and websites effectually the world that sell their products for Bitcoin. In fact, even a trillion-dollar visitor like Tesla was selling their cars for BTC (they have since stopped this service).
Donate Bitcoin
There are several Bitcoin charities effectually the world that are supporting several causes. People from around the world can easily donate to a crusade they believe in by paying via BTC. The transparency of the blockchain allows you lot to trace your funds closely and hold the organization accountable in instance of misuse.
Steps to Buying Bitcoin
Purchase Bitcoin with Credit Carte du jour
With CoinSmart you tin instantly fund your account with your credit card (up to 6% fees) and buy BTC.
Purchase Bitcoin with Banking concern Transfer
Fund your account with ease via bank wire transfer, bank draft, and Interac e transfer. Receive your funds on the same day and buy BTC.
Purchase Bitcoin with Other Cryptos
Apply SmartTrade to convert i of your other cryptos to BTC in one stride. SmartTrade allows yous to instantly buy and sell Bitcoin and other cryptocurrencies.
Why Buy
BTC
on Coinsmart?
Merchandise safely with our powerful security
CoinSmart enforces Google 2FA and Email Withdrawal Confirmations to access user accounts and withdrawals. CoinSmart user funds are covered by BitGo to ensure protection in the event of a hack. Plus, nosotros provide the safest crypto asset trading environment for our users by following cybersecurity best practices.
Jargon-free,
Complication-Free
CoinSmart is the perfect starting betoken if you are new to crypto, thank you to its 24X7 client service and jargon-complimentary arroyo. Everything in our interface is straightforward. Actress intendance has been taken to ensure simplicity in each and every step.
Purchase Bitcoin on the go
CoinSmart’s intuitive, simple-to-use mobile app streamlines the onboarding, digital asset buying, selling, and trading process while providing users on-the-go admission to Bitcoin and other popular cryptocurrencies. The app is available on both Android and IOS.
Made with <3 in Canada
CoinSmart is proudly Canadian. Nosotros want to create the ideal crypto platform for our users in Canada, Europe, and beyond. To provide a safe surround for our users, CoinSmart has worked closely with the Ontario Securities Committee (OSC) to obtain the license equally a restricted dealer. In simple terms, we are legally obliged to operate transparently and ethically.
Almost
Coinsmart
Regulation First
Being a public company, CoinSmart is legally obligated to operate while adhering to the highest standards of transparency and ethics. We firmly believe that the growth of the crypto economy lies in “trust agents,” like regulated, centralized exchanges.
Commitment to Transparency
CoinSmart’s financial reports are regularly published on both our website and SEDAR. Every bit a user, you can be at ease knowing that your funds are completely safe with the company, and you tin continue track of whatever and all operational expenses.
A Powerhouse Team
CoinSmart is led by a fantastic group of individuals and a board of directors. The three co-founders accept previous experience in successfully founding and running startups. The board includes a “Top 40 Under 40” recipient, a founding member of the “Women General Counsel Canada” (WGCC), and the SVP of a multi-billion dollar company.
CoinSmart
Reviews &
Testimonials
“The Coinsmart staff has been very helpful and assisted me when I had any issues. They answered all my questions and resolved whatever problems that I encountered! This has been a great support as a newbie in this space.”
“Very easy to purchase and sell BTC.”
“I utilise CoinSmart as my primary exchange. It’s got a nice layout, information technology’s easy to navigate, the verification process was quick and like shooting fish in a barrel and I was able to fund my count without bug afterward. I had a couple of questions and they were very informative in answering them. The customer support even reminded me of their referral options which take concluded making me a little extra cash to play with.”
Source: https://www.coinsmart.com/buy-bitcoin-btc/
