Bitcoin has steadily grown over the years, becoming a very valuable asset in our digital world. You can even consider it as an internet version of gold with prices increasing every day. Like gold, bitcoin prices have been shifting but it’s projected to see a fast and steady growth over time, as more and more investors keep on coming into the bitcoin market the prices will keep on rising making this a perfect time for you to invest and buy bitcoins. Here at CryptoExchange.com, the ideal online crypto currency exchange, you can easily exchange your Bitcoin into USD on your PayPal account stress-free and very easily. After this you can decide to withdraw the money to your bank account in your local currency, use it to shop online or even send it to family and friends, whatever you have in mind we are here to make it very possible and easy too.
What is Bitcoin?
Bitcoin is what you consider as a peer to peer digital money that is decentralized (that is not regulated by any bank or government bodies) therefore making it impossible for any country or organizations to manipulate the prices. Bitcoins are used online, they are sent and received through the Internet to pay for both goods and services to other people or businesses located anywhere in the world for almost no transaction fee. To start transacting or transferring your bitcoins you need a free digital wallet.
What is a Block Chain?
A block chain is like a public ledger (record book) that displays thousands of bitcoin transactions at any point in time. Each of the transaction is encrypted with a Bitcoin address (which is a combination of different letters and numbers that acts as your personal address for sending and receiving bitcoins). You can easily Check any of your transaction on the block chain at blockchain.info.
Do we have other types of Digital Money?
Yes, there are several other types of digital money also available today, such as litecoin, dodgecoin and we at CryptoExchange.com also exchange all this digital currency into real money for you in your PayPal account.
How many Bitcoins exactly are in circulation?
Unlike the USD or other currencies that can be easily created out of thin air by the government, the Bitcoin network cannot be created like that as it has been programmed to never exceed 21 million bitcoins at any point in time. The current cost of one bitcoin in the market fluctuates every now and then. There is also a very small transaction fee attached to the sending, storing and receiving bitcoins and any other digital money, however it is still much lower than other traditional financial institutions.
What is PayPal?
Currently There are over 50 million users who employ the services of PayPal. PayPal helps you carryout payment transfers via e-mail payments. The two parties involved in the payment exchange cannot see each other’s credit card or any bank information. PayPal is best means for money transactions between strangers and It doesn’t really matter which part of the globe you are currently in.
The Only two main requirements needed to open a PayPal account are,
A valid e-mail address
A valid credit card or bank account.
PayPal is totally free for the buyers, the sellers however, have to give a fee of 1.9% to 2.9%. Once the transaction has been approved, the money is then withdrawn from the buyer’s credit card or the bank account and there is also no cost involved in paying the money to the PayPal users. PayPal will only charge you if you receive funds in your account.
Whatever amount of bitcoin you have mined or bought, can be easily exchanged between the different crypto currencies and can furthermore be exchanged into real money transferred directly to you PayPal account. And all this can be done online at CryptoExchange.com
