{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=ES&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=How+can+I+buy+and+sell+Bitcoin%3F&text=Part+eight+of+Bitcoin+Basics%3A+The+phenomenon+explained+in+plain+english&text=In+part+7+of+the+Bitcoin+basics+series+we+looked+at+%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fes%2Fcuanto-vale-un-bitcoin%2F%22%3Ehow+much+Bitcoin+is+worth%3C%2Fa%3E.+In+this+article+we+look+at+how+to+buy+and+sell+Bitcoin.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AGiven+Bitcoin%E2%80%99s+recent+emergence+and+the+fact+that+it+is+backed+by+technology+%28mathematical+proof%29+and+not+any+other+asset%2C+many+interested+investors+find+the+process+of+buying+or+selling+Bitcoin+difficult+or+complicated.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AHowever%2C+this+needn%E2%80%99t+be+the+case.+Similarly+to+other+fiat+currencies%2C+one+can+receive+Bitcoin+as+payment+for+services+rendered+or+goods+provided%2C+receive+it+as+a+gift%2C+or+endeavour+to+purchase+it+on+an+exchange+or+custodial+service+of+one%E2%80%99s+choice.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ABefore+%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fes%2Fbitcoin-loophole%2F%22%3Epurchasing+Bitcoin%3C%2Fa%3E+%28or+any+other+digital+currency%29+you+should+familiarise+yourself+with+tax+laws+and+other+regulations+in+your+country.+As+we+explored+in+Is+Bitcoin+legal%3F%2C+nations+around+the+world+have+expressed+differing+stances+on+cryptocurrencies%2C+with+some+signalling+their+support+while+others+have+threatened+to+regulate%2C+or+worse%2C+outright+ban+trades+in+the+digital+currency.+As+such%2C+your+decision+to+buy+Bitcoin+may+or+may+not+involve+taxes%2C+stipulations%2C+or+other+applicable+legislation+and+you+should+take+care+before+making+any+decision.%0A%3Ch2%3EWhere+to+buy+and+sell+Bitcoin%3C%2Fh2%3E%0AThere+are+many+ways+to+purchase+or+sell+one%E2%80%99s+bitcoin.+Though+these+may+differ+from+territory+to+territory%2C+one+can+obtain+digital+currency+fairly+easily+by+exchanging+fiat+currency+%28for+example%2C+the+US+Dollar%29+for+Bitcoins+at+online+exchanges+or+certain+ATMs%2C+or+by+accepting+it+as+peer-to-peer+currency.%0A%3Ch3%3ECryptocurrency+exchanges%3C%2Fh3%3E%0AMost+investors+opt+to+buy+bitcoin+on+an+exchange+or+custodial+service+where+they+can+exchange+fiat+currency+for+bitcoin.+This+typically+involves+a+conversion+that+may+include+a+transaction+fee+payable+to+the+exchange.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AThere+are+many+online+exchanges+available+in+different+regions+around+the+world+that+accept+a+host+of+different+currencies.+Typically%2C+online+exchanges+are+regulated+by+governments+and+have+to+adhere+to+two+sets+of+important+requirements+called+%E2%80%9Canti-money+laundering%E2%80%9D+%28which+prevents+the+products+of+criminal+activity+from+appearing+as+legitimate+money%29+and+%E2%80%9Cknow+your+customer%E2%80%9D+%28which+ensures+that+traders+have+to+register+their+identities+on+services+as+proof+of+involvement%29.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AThus%2C+most+%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fes%2Fintercambio-de-criptomonedas%2F%22%3Eexchanges%3C%2Fa%3E+require+traders+to+link+their+personal+bank+account+%28where+fiat+currency+can+be+sent+from+or+received%29+as+well+as+lodge+documents+that+verify+their+identity+before+they+can+trade.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AExchanges+around+the+world+differ+in+terms+of+verification+required+prior+to+trading%2C+transaction+fees%2C+trading+limits%2C+and+fiat+currencies+accepted.%0A%3Ch3%3EBitcoin+peer-to-peer+transactions%3C%2Fh3%3E%0AShould+you+rather+not+wish+to+proceed+through+an+online+exchange%2C+you+can+always+accept+Bitcoin+through+what+is+called+a+%E2%80%98peer-to-peer%E2%80%99+transaction.+This+involves+a+buyer+providing+a+seller+with+fiat+currency+or+other+goods%2C+after+which+the+seller+sends+an+allotted+amount+of+bitcoin+to+the+buyer+in+question.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AIt+is+important+to+note+that+as+Bitcoin+is+not+reliant+on+a+central+bank+or+authority+to+operate%2C+transactions+exclusively+occur+between+one+party+and+another.+These+take+around+fifteen+minutes+to+authenticate+and+are+not+natively+refundable.+Should+you+wish+to+request+a+refund%2C+you+are+relying+on+the+goodwill+of+another+party+to+oblige+your+request.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0APeer-to-peer+transactions+can+take+place+in+a+number+of+different+ways.+The+most+conventional+method+is+for+a+recipient+to+provide+the+Public+Key+of+their+Bitcoin+wallet+or+keychain%2C+where+a+sender+then+directs+an+allocation+of+bitcoin+to+that+address.+After+a+usual+fifteen+minute+wait%2C+the+transaction+will+have+been+%E2%80%9Cconfirmed%E2%80%9D+and+the+transfer+will+reflect+in+the+wallets+of+both+parties+and+on+the+Blockchain.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AOther+peer-to-peer+parties+and+platforms+do+exist.+As+the+process+of+transferring+Bitcoin+involves+trust%2C+cryptocurrency+meetups+have+been+known+to+happen+wherein+transacting+parties+meet+face-to-face+to+conduct+the+transfer+either+in+person+or+as+part+of+a+group.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ASome+services+have+further+emerged+to+facilitate+this+transaction%2C+and+help+secure+trust+by+placing+funds+in+escrow+until+the+transaction+has+concluded+in+full.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AThe+price+of+purchasing+bitcoin+through+these+means+can+vary.+Some+sellers+may+request+a+fee+for+privacy+or+convenience+above+and+beyond+the+prices+listed+on+exchanges%2C+or+the+conversion+may+be+decided+on+prior+to+or+during+a+meeting.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%3Ch3%3EBitcoin+ATMs%3C%2Fh3%3E%0AA+relatively+new+way+of+buying+bitcoin+is+by+way+of+an+ATM%2C+which+may+already+be+present+in+your+home+city.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ABitcoin+ATM+machines+typically+charge+a+%E2%80%98commission%E2%80%99+fee+from+three+to+eight+percent+above+and+beyond+a+traditional+exchange+price.+While+that+might+be+an+expensive%2C+bitcoin+ATMs+usually+provide+the+most+private+way+to+settle+a+purchase.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ATo+use+a+bitcoin+ATM%2C+users+typically+insert+either+cash+or+a+debit%2Fcredit+card+into+the+system+and+scan+a+QR+code+found+within+a+mobile+wallet+on+their+smartphone+of+choice.+The+ATM+then+prints+a+paper+receipt+containing+codes+and+instructions+that+direct+a+user+to+transfer+their+newly+purchased+bitcoin+to+their+mobile+wallet.%0A%3Ch2%3EHow+does+Bitcoin+trading+work%3F%3C%2Fh2%3E%0A%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fhow-can-i-store-bitcoin%2F%22%3EBitcoin+trading%3C%2Fa%3E+usually+takes+place+through+an+exchange%2C+which+is+a+platform+where+traders+can+set+%E2%80%98orders%E2%80%99+to+purchase+or+sell+bitcoin+at+certain+prices.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AExchanges+typically+list+a+%E2%80%98high%E2%80%99+and+%E2%80%98low%E2%80%99+amount+for+bitcoin+or+other+cryptocurrencies%3B+this+reflects+either+the+lowest+or+highest+value+that+one+whole+bitcoin+has+sold+for+in+a+twenty-four+hour+period.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AOn+an+exchange%2C+traders+willing+to+transact+signal+their+intent+to+%E2%80%98buy%E2%80%99+or+%E2%80%98sell%E2%80%99.+Respectively%2C+this+enables+a+trader+to+either+signal+how+many+bitcoins+they+are+willing+to+buy+or+sell%C2%A0and+for+what+amount+in+fiat+currency.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ATwo+types+of+orders+exist%3B+namely%2C+limit+orders+and+market+orders.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ALimit+orders+allow+traders+to+set+their+own+price+for+bitcoin+regardless+of+whether+it+is+higher+or+lower+than+the+accepted+market+value.+The+interested+seller+can+meet+these+orders+as+they+see+fit%2C+and+their+willingness+to+do+so+is+entirely+at+their+own+discretion.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AMarket+orders+provide+traders+with+a+means+to+quickly+purchase+an+allocation+of+bitcoins+that+best+matching+order+available+on+the+exchange+-+meaning+that+users+effectively+purchase+bitcoins+at+the+present+price+on+an+exchange.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AWhen+a+trader+confirms+either+of+these+orders%2C+the+transaction+is+scheduled+to+occur+and+once+it+has+been+mined+%28which+usually+takes+fifteen+minutes+or+more%2C+depending+on+the+number+of+unverified+transactions+on+the+Blockchain%29+the+allocated+bitcoin+is+transferred+from+one+party+to+another.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0APurchased+bitcoin+remains+on+the+exchange+until+traders+elect+to+dispatch+the+funds+to+a+bitcoin+wallet+or+keychain+of+their+choice.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AIt+is+important+to+note+that+the+security+of+exchanges+varies+-+and%2C+as+such%2C+they+represent+an+enticing+target+for+hackers+looking+to+steal+cryptocurrencies.+A+wise+policy+is+to+use+a+strong+password+and+to+secure+one%E2%80%99s+account+with+two-factor+authentication.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AIn+part+nine+of+our+Bitcoin+Basics+series%2C+we%E2%80%99ll+be+unpacking+%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fhow-can-i-store-bitcoin%2F%22%3Ehow+you+can+secure+and+store+your+bitcoin%3C%2Fa%3E.%0A%0A%5Bls_content_block+id%3D%2288178%22%5D","timeout":15}