Bitcoin has been the talk of the town for the past few months. However, it has been around since 2009. It has had a rocky climb so far and has successfully crossed the $10,000-dollar mark with a lot of fanfare quite recently. This is huge news for cryptocurrency enthusiasts. So many people are making the move to Bitcoin and are betting a lot of their investments on it.
Though all the media frenzy around Bitcoin has positioned itself as a sort of investment commodity, it wasn’t envisioned as such. When Satoshi Nakamoto created Bitcoin, it was envisioned as a form of digital currency, that would take out the middlemen and restricting banking laws out of the equation. Thus, creating a more egalitarian form of banking solution. Though the applications for the block chain technology are above and beyond just banking alone, it’s usage is quite prominent in that field.
When you think about the current way in which Bitcoin are bought and sold in the market, it’s far away from the initial idea behind the project itself. As of now, the most common way to get yourself a Bitcoin is through the help of a Bitcoin exchange. There is a caveat to it though, you need to get yourself verified by your exchange, by submitting the required verification documents before you can carry out any meaningful trade using the platform.
With an increasing demand worldwide, the verification process can take anywhere between a few days to a few weeks. In the kind of upward trend that Bitcoin is facing, a few weeks of delay would lead to the loss of so much potential gains. That’s why solutions like that of Paxful can be very useful for the end consumer.
- Paxful is instant, peer to peer, no need to wait for verification and there are over 300 ways to pay or get paid. It acts more like an escrow service, thus adding an added layer of security over your transactions and making sure that you get the best deal out there.
- For people in countries like Nigeria and other conflict-ridden states of Africa and around the world, this could be a huge boon to move their assets to something that’s more safe and secure and stabilize their future. With strict local laws, it’s impossible to move around funds in countries like Nigeria, so if any of your friends or relatives are stuck there, this will be a safe means to get them access to Bitcoin.
- By using Paxful, you can buy Bitcoin, sell Bitcoin or even transfer Bitcoin to your friends and family using over 300 forms of payments available with the service. They are working to improve the list of supported payments everyday as well. The best thing about this is that, you can use it to buy Bitcoin with gift cards as well. Now put those old gift cards lying around at your house to some good use and get yourself some valuable Bitcoin in the process.
I hope this article was useful for you to learn more about how you can get Bitcoin for yourself or for others fast and easy using various new methods of payment including gift cards. There are so many possibilities that are unlocked with the help of this. Make the most out of it. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.
Do you have any other reservations against getting yourself some Bitcoin as an investment or for the novelty of it? Are you invested on any other cryptocurrencies apart from Bitcoin? What is your opinion on the recent price surge that has taken Bitcoin well above the $10,000 mark? Do you think it’s just a fad or is it just the tip of a larger iceberg? Let us know in the comments.
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